the canadian patriot special: republic or colony?

7/30/2019 The Canadian Patriot special: Republic or Colony?

1/49


2/49

2

2

In this issue

The Committee for the Republic of Canada is proud to reprint thegroundbreaking history document Republic or Colony produced byhistorians Pierre Beaudry and Robert D Ainsworth during the course of2006-2008 and which feature reports that tackle two periods of Canadianhistory defined by the tension leading up to and during the Americanrevolution of 1776, and then the second American revolution of 1861-65.

The Canadian History Project advanced by the discoveries located in thefollowing reports aims to unravel the Gordian knot of British revisionisthistorians that have skewered any honest analysis of Canadas creation andevolution which has made any truthful understanding of causality impossiblefor the seeker of knowledge. Beaudry and Ainsworth begin theirinvestigations not with any arbitrary bias towards one relative opinion oranother as guide to piecing events and dates together as is so customarily thecase with modern history projects today. The method adopted by the authorsof the following reports is to be found instead in what Gottfried Leibniz

called Analysis Situs, or the study of necessary causes.

This is only possible through an understanding of the schism in twodiametrically opposed worldviews expressed as the Oligarchic-Imperialist vsthe republican-Humanist traditions that has shaped the unfolding of allknown human history and have risen to the surface on certain key momentsof change that we often call historical events. Modern examples can befound in the explosion of scientific, and artistic ideas that occurred with the15th century golden Renaissance in Florence, the American Revolution of1776 and Lincolns victory against the insurrection of 1861-65.

Such singularities, though located in space and time express functions thatscientists have historically referred to as universals which transcend thosespace time events that their existence necessarily brought into being.

Sensitivity to the nature of such singularities is necessary to prescribe propermeaning to events preceding and following them including in other spaciallocations around the globe not materially connected to them. The absence ofsuch a sensitivity reduces the historian to nothing more than a chronicler thatcan do little more than copy paste their own subjective biases upon theevents without any concern for actual truth. Too often such chroniclers arerecruited unwittingly or not, to become little more than propagandists for the

imperialists agenda in the revisionist obscuring of history.

Canadas true history is thus revealed as a consequence to singular eventsdefined by the Renaissance traditions of Europe, given new life in Americaand those agencies which have sought existentially to destroy such traditionscalled most recently the British Empire. We hope that the internalizing of

this history will provide current and future generations the power torecognize the present as a pregnant moment in the futures history.

For more information visit:

www.committeerepubliccanada.ca

To know more about our associates in

the USA through our Political Action

Committee or Intelligence Magazine

(Executive Intelligence Review), visit:

www.larouchepac.com

www.larouchepub.com

To contact the Committee for the

Republic of Canada, write to

[email protected] or call

(514)-461-7209

Matthew Ehret-Kump

Editorial Board

Matthew Ehret-Kump

Jean-Philippe Lebleu

Staff

Avneet Thapar

Pascal Chevrier

David Gosselin

Frdric Joly-Cayla

Franois Lpine

Robert Hux, PhD

Ilko Dimov

Birgit Henker


3/49

3

Contents

From the Editor ...................................................................................................................................................2

The Tragic Consequences of the Quebec Act of 1774.........................................................................................4

Go West Young Man!

Questions Relative to American and Canadian History ...................................................................................12

Clment Gosselin:

Canadian Patriot and American Revolutionary ...............................................................................................18

The American System in Canada ................................................................................ .....................................32

Why Canada Needs the Bering Strait Tunnel,

Or the Philosophy of Railroads for the 21st Century........................................................................................45

The Canadian PatriotThe Canadian PatriotThe Canadian Patriot


4/49

4

4

By Matthew Ehret-Kump

Canada now sits atop two debts, yet only one can berepaid. The first is the debt we owe to the nationbuilders past who sacrificed and aspired for a better lifefor their posterity. The second debt is to be found inthat payment which shall be demanded of Canadiancitizens to cover the highly leveraged financial bubblewhich has been concentrated in our housing and

personal securitized debts.

The systemic collapse sweeping the world hasexpressed itself in various ways, but in no way should itbe believed that Canada is in any way exempt fromsuffering from the effects of this general meltdown. Infact, as the evidence indicates, should a Glass-Steagallstandard of banking not be forcefully re-applied to thedying financial system soon, then a fate similar to thatwhich will strike the European and American

communities, shall await the Canadian population.

For this reason, it must be emphasized that any citizenwho is unfamiliar with the fact that there was once aGlass-Steagall standard in Canada, or that such a Glass-Steagall option is now active as a legislative potentialboth in the Italian Senate or in the US House ofRepresentatives is not truly fit to judge what must nowbe done to ensure a future for our country. The largelyunknown name of this vital law in Canada was theFour Pillars. It is thus the purpose of the followingreport to illustrate more clearly a brief history leadinginto the annihilation of this important law, and themeans by which it may be reinstated, not merely for the

survival of Canada, but of civilization itself.

Some necessary background

The money changers have fled from their high seats in

the temple of our civilization. We may now restore that

temple to the ancient truths. The measure of therestoration lies in the extent to which we apply social

values more noble than mere monetary profit.

-Franklin Delano Roosevelt, first Inaugural Address

1933

Knowing that the money changers had only been ableto create the great bubbles of the 1920s via their accessto the deposits of the commercial banks, FranklinRoosevelt made the core of his battle against the abusesof Wall Street centre around a 1933 legislation entitledGlass-Steagall, named after the two federally elected

officials who led the reform with FDR. This would be a

bill which forced the absolute separation of productivefrom risky banking, guaranteeing via the FederalDeposit Insurance Corporation (FDIC) only thosecommercial banking assets associated with theproductive economy, but forcing any speculative lossesarising from investment banking to be suffered by thegambler. The striking success of this law which wasalways achieved against the screams of Wall Street,inspired other countries around the world to establishsimilar bank separation. Alongside principles of capitalbudgeting, public credit, parity pricing and acommitment to scientific and technologicaldevelopment, a dynamic had been created that wouldexpress the greatest hope for the world, and the greatestfear for the financial empire occupying the City of

London and Wall Street.

The death of John F. Kennedy ushered in a new age ofpessimism and cultural irrationalism from which oursociety has never recovered. The destruction of a longterm vision as exemplified by the space program, theSt. Lawrence Seaway and the New Deal projects hadresulted in a tendency within the population toincreasingly look upon present pleasures as the onlyreality, and future goods as the mystical expression ofthe sum of present pleasures. In this new philosophicalsetting, so alien in previous epochs of long term

planning, money was permitted to act as a power untoitself for short term gains instead of serving theinvestments into the real productive wealth of society.With this new paradigm shift into the now, a neweconomic model had to be adopted replacing theindustrial economic model which had proven itself in

the years preceding and following World War II.

tural irrationalism from which our society has neverrecovered. The destruction of a long term vision asexemplified by the space program, the St. LawrenceSeaway and the New Deal projects had resulted in atendency within the population to increasingly lookupon present pleasures as the only reality, and futuregoods as the mystical expression of the sum of presentpleasures. In this new philosophical setting, so alien inprevious epochs of long term planning, money waspermitted to act as a power unto itself for short termgains instead of serving the investments into the realproductive wealth of society. With this new paradigmshift into the now, a new economic model had to beadopted replacing the industrial economic model whichhad proven itself in the years preceding and following

World War II.

The Glass Steagall of the NorthWhy Canada Must Re-instate the Four Pillars

The death of Kennedy ushered

in a new age of irrationalism

within a young baby boomergeneration


5/49

5

The name for this system would be post-industrialmonetarism. This would be a system ushered in byRichard Nixons announcement of the destruction ofthe fixed-exchange rate Bretton Woods system and itsreplacement by the floating rate system of post 1971fame. During that same fateful year of 1971, another

ominous event took place: the formation of theRothschild Inter-Alpha Group of banks under theumbrella of the Royal Bank of Scotland, which todaycontrols upwards of 70% of the global financialsystem [1]. The stated intention of this Group would befound in the 1983 speech by Lord Jacob Rothschild:"two broad types of giant institutions, the worldwidefinancial service company and the internationalcommercial bank with a global trading competence,may converge to form the ultimate, all-powerful, many-headed financial conglomerate.

This policy would involve the destruction of the

sovereign nation-state system and the imposition of anew feudal structure of world governance through theage-old scheme of controlling the money system on theone side, and playing on the vices of credulous foolswho, by allowing their nations to be ruled by the beliefthat hedonistic market forces govern the world, would

seal their own childrens doom.

The Big Bang

he great liberalization of world commerce began witha series of waves through the 1970s, and moved intohigh gear with the interest rate hikes of Federal ReserveChairman Paul Volcker in 1980-82, the effects of

which both annihilated much of the small and mediumsized entrepreneurs, opened the speculative gates intothe Savings and Loan debacle and also helpedcartelize mineral, food, and financial institutions into

ever greater behemoths.

In 1986, the City of London announced the beginningof a new era of economic irrationalism with MargaretThatchers Big Bang deregulation. This wave ofliberalization took the world by storm as it swept asidethe separation of commercial, deposit and investmentbanking which had been the post-world warcornerstone in ensuring that the will of private finance

would never again hold more sway than the power ofsovereign nation-states.

After decades of chipping away at the structure ofregulation that FDRs bold intervention into history hadbuilt, the Big Bang set a precedent for similarfinancial de-regulation into the Universal Banking

model in other parts of the western world.

Canadas Four Pillars Destroyed

In Canada, the collapse of two large deposit banks in1985 (Northland Bank of Canada and CanadianCommercial Bank) had fed the sophistical argumentthat Canadian banks could no longer compete withforeign financial institutions such as those in Londonwhich were able to deal in everything from insurance,

trusts, securities dealers as well as deposit banking allunder one roof. Up until this time, Canadas highlycentralized private banks had been prohibited fromunabashed speculation not because of anyconservative banking culture as is often heralded inthe press today, but rather by a series of broadregulations that had set absolute walls between thetypes of financial institutions: Commercial Deposit,Securities, Trusts (which would issue mortgages) andInsurance companies. Each sector would be considereda pillar of support to the general Canadian economy.Each would have a specific function within a greaterwhole, and each would not be permitted to intermingle

with each other.

Banks would engage only in deposit taking andcommercial loans, Trusts would provide fiduciaryservices and mortgage lending, Insurance companieswould provide only financial protection, while thebrokerage of corporate securities would be only in the

domain of securities dealers.

The London centered financial oligarchy ensured thatits minions within the local oligarchy of Canada usedevery opportunity to scream that this system of FourPillar regulation was an archaic infringement on the

rights of free enterprise and competition, pushinginstead for the one stop shop practice of UniversalBanking whose precedent was set in London. This onestop shop practice would maximize both the size of thefinancial institutions via mergers and acquisitions, andalso their profits, now almost wholly disassociated

from reality.

(1) Inter-Alpha Group: Nation Killers for Imperial Genocide byJohn Hoefle, Executive Intelligence Review, Sept 2010http://www.larouchepub.com/eiw/public/2010/2010_30-

39/2010-36/pdf/24-32_3736.pdf


6/49

6

6

How could it be possible in Canada, as the storywould go, that innovation or competition could everoccur in a world where our banks would be forced to

remain regulated and small relative to their London

counterparts? It was well and good that money wasnot bound to the laws of the physical productive

process as it had been under the old industrialBretton Woods system. But without being able to useclean deposits in high risk activities, how couldprofit margins increase at those hyperbolic ratesnecessary to compete with the City? The Four Pillars

had to go.

By December 1986, two white papers had beenwritten: The Regulation of Canadian FinancialInstitutions and New Directions for the FinancialSector, otherwise known as the Green and Bluepapers. Both influential papers would argue for theThatcher Big Bang program to be reproduced in

Canada using the argument of allowing the banks tofirst mingle under the umbrella of a holdingcompany, before full deregulation could occur. Bythe start of 1987, three of the four pillars had beenremoved via an amendment, given royal assent bythe Queens Governor General during the Mulroneygovernment, which allowed deposit banks, trusts andsecurities dealers to exist under one roof. Anotheraspect of the 1987 Bank Act allowed up to 50%foreign ownership of Canadian securities firms as ofJune 1987, increasing to 100% by June 1988. By1992, another Bank Act was passed abolishing thelast pillar separating insurance from universalbanking, and ending the statutory reservesystem [2].

With the majority of the nations of Europe and theCommonwealth now conforming their laws to theDarwinian ideals of natural selection and its bigbang cosmological corollaries, a collapse of thefinancial system was now becoming ripe.Irrationalism and a-causality had now become theassumed cause of all change, looking up at thevisible world from which economic policy thinking

would be shaped.

The Derivative Cancer Grows

In September 1987, the only short term stock marketforecast made by American economist LyndonLaRouche came to pass, with the annihilation of theDow Jones by over 23% on October 19, 1987.Within hours of this crash, international emergencymeetings had been convened with former JP Morgantool Alan Greenspan introducing a solution whichwould have the future echoes of hyperinflation and

fascism written all over it.

Creative financial instruments would be theOrwellian name given to the new financial assetpopularized by Greenspan, but otherwise known asderivatives. New supercomputing technologies

would be used in this new venture, not as the supportfor higher nation building practices, and spaceexploration programs as their NASA originsintended, but would rather become perverted toaccommodate the creation of new complex formulaswhich could associate values to price differentials onsecurities and insured debts that could then behedged on those very spot and futures marketsmade possible via the destruction of the BrettonWoods system. So while an exponentially self-generating monster was created that could endnowhere but in a meltdown, market confidencerallied back in force with the new flux of easy

money. The physical potential to sustain human lifecontinued to plummet.

_____

(2) The statutory reserves were instituted in 1938 and

mandated that a percentage of the private banks deposits

(usually around 8%) had to be deposited into the Bank of

Canada. This had the effect of providing the National Bankwith access to interest free capital which could be used for

large scale development programs, as well as creating a

precision instrument to stop bubbles from forming (known as

the sector specific adjustment capability), giving the Bank of

Canada the ability to demand that local banks contribute higher

reserve deposits which would be connected to a specific sector

that was experiencing inflationary effects of speculation as we

are now experiencing with the Canadian housing market.

Sir Alan Greenspan would plant the seeds of

hyperinflation in the form of the now infamous

"Derivative" swindle of 1987


7/49

7

Enter NAFTA

It is no coincidence that within this period, anotherdeadly treaty was passed under Thatcher admirer BrianMulroney, known as the North American Free TradeAgreement (NAFTA). With this Agreement made law,protective programs that had kept Canadian industriesand farming in Canada were struck down, allowing forthe complete absorption of most Canadian enterprises byforeign institutions, and the export of the lifeblood ofCanadas highly skilled industrial workforce to Mexicowhere skills were low, technologies lower, and salarieslower still. The industrial potential to utilise the vast rawmaterial production of Canada for any nation buildingpurposes would thence be abandoned, leaving the nationto become increasingly reliant on exporting cheapresources for its means of existence. Again, thephysically productive powers of society would collapse,yet monetary profits in the ephemeral now would

skyrocket.

Universal Banking, NAFTA and the creation of thederivative economy in a space of two years wouldinduce a cartelization of finance through newly legalizedmergers and acquisitions at a rate never before seen.While the multitude of financial institutions that hadexisted in the early 1980s were absorbed into each otherat great speed through the 1990s in true survival of thefittest fashion, the final and fourth pillar of bankingregulation would be annihilated in 1992, allowinginsurance companies to be absorbed under theumbrella of Universal Banking. No matter what levelof regulation were attempted under this new structure,the degree of conflict of interest, and private political

power would be uncontrollable, as evidenced in theUnited States, by the shutdown of any attempt bySecurities and Exchange Commission head BrooksleyBorn to fight the derivative cancer at its early stages, oreven President Bill Clintons appeals for a new globalfinancial architecture weeks before his own witch huntwould begin in 1997.

By 1999 a politically besieged Bill Clinton would findhimself reluctantly signing into law a treaty authored bythen Treasury Secretary Larry Summers known as theGramm-Leach-Bliley Act, which would be the final nailin the coffin for the Glass-Steagall separation of

commercial and investment banking in the United States.One of the arguments that would have undoubtedly beenused in the takedown of Glass-Steagall would be theCanadian precedent of the dismantling of the Four

Pillars just 12 years earlier.

The playing field was now almost totally cleared of anyobstructive relics of that archaic system known asnationalism such that market forces should now beable to mysteriously drive innovation completely

unhindered by the greedy self-interest of protectionistnation-states. During this time, that tech bubble built uparound Y2K fears would pop, allowing for one last finalinflation of the world bubble to be effected by adesperate Alan Greenspan who would be knighted by theQueen the next year for his loyal service to the empire.Just like the bubble of the great depression 80 yearsbefore, the location for this new speculative frenzy

would be the housing market.

With Glass-Steagall now removed, legitimate capitalsuch as pension funds could be used to start a hedge toend all hedges. Billions would now be poured intomortgage-backed securities (MBS), a market which hadbeen artificially plunged to record-breaking interest ratelows of 1-2% for over a year by the US Federal Reservemaking borrowing easy, and the returns on theinvestments into the MBSs obscene. The obscenityswelled as the values of the houses skyrocketed farbeyond the real values to the tune of one hundredthousand dollar homes selling for 5-6 times that price

within the span of several years. As long as no oneassumed this growth was ab-normal, and the unpayablenature of the capital underlying the leveraged assetslocked up in the now infamous sub-primes and otherillegitimate debt obligations was ignored, then profitswere supposed to just continue infinitely. Anyone whoquestioned this logic was considered a heretic by thelatter-day priesthood. The stunning success ofsecuritizing housing debts immediately induced a waveof sovereign wealth funds to come into prominenceapplying the same model that had been used in the case

of mortgage-backed securities (MBS)

North American leaders Bush, Mulroney, and

Salinas initiating NAFTA in San Antonio in 1992

Brooksley Born


8/49

8

8and collateralized debt obligations (CDO) to the debtsof entire nations. The securitizing of bundled packagesof sovereign debts that could then be infinitelyleveraged on the de-regulated world markets would nolonger be considered an act of national treason, but thekey to easy money. While Goldman Sachs organizedGreeces national portfolio as the terms and conditionsof its entering into the Euro trap, easy money appearedso fast that the victims were too blinded by their ownhedonism to see that the guillotine was coming downupon the back of their necks faster than Barack Obamacould say the fundamentals are sound.

A Return to Canada.

In this post Y2K decade, the Canadian housing sectorhas extended itself beyond the limits of the US housingbubble at its peak [3]. From Montreal and Toronto toVancouver, average real estate prices have officiallysurpassed those of the USA at its 2007 peak. Over one

trillion dollars of housing-associated debt sitsleveraged and guaranteed by the Canadian Mortgageand Housing Corporation (CMHC), which nowprovides taxpayer insurance to over $600 billion ofthese mortgages. This bubble could not have beencreated were it not for the increasing of the CMHC capfrom $350 billion in 2007 to the current $600 billion in2012, nor could it have been prevented from explodingwithout the extraordinarily low interest rates beingmaintained by Goldman Sachs Mark Carney at theBank of Canada. In fact, were those interest rates torise even a little, it is estimated that a 10% default of

mortgages could be expected immediately thereafter.

A recent report issued by the Canadian Centre forPolicy Alternatives (CCPA) [4] has demonstrated thateven though transparency laws do not exist in Canadaas they do in the Euro zone or in the American bankingsector, it can be proven that since 2009, Canadianbanks have received upwards of $114 billion dollars ofbailout (not counting leveraging) via the CMHC whichprovided $69 billion for the purchase of toxic assetsheld by the big five Canadian banks, with much ofthe remainder coming from the Feds discountwindow. While defenders of the monetarist faithscream that we had a liquidity injection not a bailout,Shakespeare would only retort that a rose by any

other name would smell as sweet except that in thiscase, the rose is a rotting corpse.

Since the Big Bang 25 years ago, the entire mass ofassets associated with derivative contracts is now inthe order of $700 billion to $1.4 quadrillion, or 10-20times the total GDP of the world, depending on whichaccountant you find. The City of London wouldcontrol 47% of that hyperinflationary mass, while 16American banks of the total 7500 in existence would

manage 25%, and only six of those (JPMorgan Chase,Citigroup, Bank of America, Goldman Sachs, MorganStanley, and Wells Fargo) control 75% of that. Reportsby the Levi Institute in December 2011 [5]have demonstrated that the actual totality of US bailouthas reached $29 trillion for the combined US,Canadian and European banks, and the Euro bailoutpot is demonstrating that no bottom exists for thisvessel to be filled. In Canada, reports by [6] have

documented

Since 1987, the Canadian Mortgage and Housing

Corporation has gone from insuring $50 billion

dollars to over $600 billion today!

3 The Under-the-Radar Changes that may deflate (or pop)

Canadas Housing Bubble, Ben Rabidoux, Apr 2012http://www2.macleans.ca/2012/04/23/the-under-the-radar-changes-that-may-soon-deflate-or-pop-the-housing-

bubble/4 Big Banks Big Secret: Estimating Government Supportfor Canadian Banks During the Financial Crisis, byDavid Macdonald, Apr 2012. www.policyalternatives.ca5 $29,000,000,000,000: A Detailed Look at the FedsBail-out by Funding Facility and Recipient by JamesFelkerson Dec 2011. www.levyinstitute.org/


9/49

9

that total notional exposure to derivative contractsamounts to $18.9 Trillion, which at a scale of 1:10 theCanadian economy, is well within the ballpark of theAmerican banking folly.

Conclusion

If the rate of inflation is higher than the rate of yourbailout, then what happens when you try to increase the

bailout, is you increase the hysteria. You increase therate of collapse. The rate of collapse exceeds the rate of

bailout.Lyndon LaRouche 2012.

Lyndon LaRouche, the foremost economist whouniquely forecast this collapse publicly in 1971, has ledthe fight over the last 40 years to change what heexplained was the inevitable effect of specific intentionsand choices. Today, LaRouche has stated that the rate ofcollapse of the physical economy has outpaced our

ability to bail out the system. With this very realphysical constraint upon humanity, we must now facethe fact that we can either move quickly to sever thefictitious debts from the real economy, and let the toobig to fail banks take their losses, freeing ourselves ofany obligation to honour those illegitimate claims, or wecan face the consequences of hyperinflation, war,starvation, and pandemics on a scale that will make the

14th century dark age pale in comparison.

With over seven billion souls now on this planet,patriots of the world must act soon to defuse the warbetween NATO vs Russia and China being manipulated

by the British Empire, and move to unleash futureoriented great projects such as the North AmericanWater and Power Alliance (NAWAPA), Arcticdevelopment, industrialization of Africa, asteroiddefence and Mars colonization; all fuelled by a speedytransition to a fusion-based economy during thefollowing 20-30 years and matter-anti matter energy

sources soon thereafter.

Were we to choose this optimistic option for our future,humanity would not only find its survival assured in theshort term, and in the long term highly improved, but wewould also be forced to recognize that the belief in an a-

causal big bang universe necessitates that either amonetarist big crunch, or an ecologist heat death bepredetermined in the system. In both cases, the guidingprinciple underlying the system is a religious faith in thedoctrine of the second law of thermodynamics. A higherand more reasonable hypothesis accounting for thequalitative changes in physical space-time would need tobe undertaken. This must be a hypothesis that takes intoaccount the causal role of mind as primary to the merelyliving and living as primary to the merely material. The

proof for this higher hypothesis will be to apply LyndonLaRouches discoveries in the science of physicaleconomy, not merely forecasting the tragicconsequences of the foolish monetarist decisions madeworldwide up until now, but positively charting out acourse into the deep recesses of the future time, where

mankind has regained his mature identity as the galacticspecies that he and she had been all along.

Either we do what the former Mexican President LopezPortillo recommended and listen to the wise words ofLyndon LaRouche, or default on the debt owed to our

ancestors and join the dinosaurs.

If the rate of inflation is higher than the rate of

your bailout, then what happens when you try to

increase the bailout, is you increase the hysteria.

You increase the rate of collapse. The rate of

collapse exceeds the rate of bailout

Lyndon LaRouche 2012.

6http://www.greatponzi.com/reports/cdn-credit/health-

2012-Q1.html


10/49

10

10


While this shouldnt come as much of a surprise, thelong-standing myth, proclaimed by official talebearers,that the Canadian banking system is the most stablesystem in the world due to its conservative bankingculture, has been seriously undermined. MoodysInvestors Services recently spooked the Canadianbanking community when it announced in a June 25report1 that the emergency corrections being made tothe overblown Canadian real estate bubble todeleverage itself from oblivion, has come too late.

What happened?

In April of 2012, the Canadian Centre for PolicyAlternatives (CCPA) issued a report called BigBanks Big Secret which demonstrated the sleight ofhand $114 billion of bailouts of Canadas five biggesttoo big to fail banks which had found themselves

loaded with worthless assets from November 2008until 2009.2 As the CCPA report documented, thesebailouts were initiated by the Canadian governmentdirectly via the Canadian Mortgage and HousingCorporation (CMHC), which produced $67 billion toclear the books of private financial institutions of theirtoxic paper, followed up by the Federal Reserves 0%open discount window of 2011, which was tappedheavily by those same five banks who all the whilemaintained that they were in perfectly sound shape,and didnt need any help yet took liquidity injectionsnonetheless. This Fed scheme, as well as a similaroperation conducted by the Bank of Canada

represented the remainder of the $114 billion bailout(figure 1).

Defenders of the bailout from all sides of the aisle inCanada, much like their American counterparts, willdefend the scam by first calling it either a liquidityinjections or investment, and then stating that theyactually turned a profit after the initial capital wasreturned with interest! However, like in the UnitedStates, what tends to be avoided is the fact that thosetoxic assets covered by taxpayer revenue, representedmagnitudes more than their nominal value due toinfamous leveraging practices on the national and

international derivatives scene. In the case of the USA,

actual assets associated with those bailouts were infact over $29 trillion.3 This begs the question: howmuch fictitious speculative capital was actuallyrepresented by the underlying $114 billion?

Canadas Real Estate Crisis

Due to the stubborn denial of policy makers andcitizens, who cannot be excused for having gottendrunk on the popular lie that its banking system wasthe finest in the world and immune from the massdelusion which had swept the rest of the world,Canada has allowed itself to get swept up in a gigantic

real estate bubble of its own right where prices havedoubled on average since 2002, although countlesscases of quintupling or sextupling prices over the sameinterval exist (figure 2*). This bubble has resulted inaverage real estate values having surpassed even thoseof the United States at its peak as of June 2011 (see

figure 3).

Canadas Housing Bubble Blow outAmid Global Collapse.

Figure 1

1

Moodys Warns on Mortgage Debt June 25 2012,www.globeandmail.ca2 Big Banks Big Secret: Estimating GovernmentSupport for Canadian Banks During the FinancialCrisis, by David Macdonald, Apr 2012.www.policyalternatives.ca3 $29,000,000,000,000: A Detailed Look at the

Feds Bail-out by Funding Facility and Recipient by

James Felkerson Dec 2011. www.levyinstitute.org/


11/49

11

When this is combined with the personal debt to GDPratio of $1.50 to $1.00 as one of the highest of allWestern countries, the image of Canadasconservative financial culture no longer holds, andin its place, the dark shadow of a predatory bankingsystem is expressed in the great northern dominion of

the British Empire.

It now stands that total assets associated withsecuritized mortgages have stretched beyond $1.1trillion dollars, and it is important to keep in mindthat this is happening, not within a vacuum but withinthe context of the hyperinflationary meltdown of the

trans-Atlantic monetary system.

What has kept this bubble growing?

In the immediate maelstrom now at hand, thechewing gum holding the hull of the Canadianfinancial system together is to be found in a few key

factors, but not least among them is the ultra lowinterest rates being maintained by the Bank ofCanada. These low interest rates of nearly 0% (figure4) make borrowing cheap; attract internationalspeculative agencies resulting in an ever stretchedbubble. Insiders in the Canadian government haverevealed to this author that during internal briefings,Mark Carney himself has pointed out that should evena small increase in interest rates occur, an immediate10% default of houses across the board would followresulting in a vacuum much greater than its $110

billion dollar nominal value.

These interest rates have been kept artificially lowprimarily as a function of the unprecedentedtaxpayer-backed insurance scheme provided by theCanadian Mortgage and Housing Corporation whichwas created in 1946 as a federal insurance agencymodelled on the American Fannie Mae and FreddyMac, but which under the current liberalized order,now behaves as a monster used only to prop up adying system, evidenced by its astronomicalinsurance cap of $600 Billion dollars (a ceiling thathad been increased several times by the Harpergovernment in recent years from its $350 billion limitin 2007, and $50 billion in 1988 (see figure 5)). Theother major mortgage insurer Genworth Canada,while remaining private, also has a cap of $250billion, 90% of which would be covered by the

Canadian government were it to go under.

To restate the formula: risky assets are guaranteed bythe government on the condition that interest rates arekept nearly nil by the government such thatexponential profits may occur as out of thin air. Forthis scheme to function, however, a highly centralizedtop down meshing of government and private finance

must occur. As historian Tom Taylor wrote in 1976;The political power of the larger banks and of theBankers Association can hardly be exaggerated. The

bank acts were written largely by the very banks

supposedly regulated by them. 4

Figure 3

Firgure 2

_____

4 History of Canadian Business: 1867-1914, 1976.


12/49

12

12

While it is important to understand the currentchewing gum holding the ship of Canadian financetogether, it is vital to keep ones mind on the moreimportant question who designed the ship, and sailedit into the maelstrom?.

For this to be understood, it is necessary to look backa little farther into history and recognize thetreacherous effects of the Mulroney governmentsdestruction of three of the four pillars of banking in1987. It is demonstrable that those speculativepractices underlying the current bubble whichCanadian financial cartels have been complicit increating, both at home and internationally alike, couldnot have occurred were it not for the repeal of thoselaws which forced the separation of commercialbanking, trusts (which were the sole issuers ofmortgages), securities dealers, insurance companiesand which had been maintained for decades followingWorld War II, otherwise known as the Four Pillars.

After the repeal of those pillars all of the abovefinancial institutions could all mingle under one roofand waves of mergers of the already cartelizedfinancial institutions during the 1990s resulted in anew type of beast which could take legitimatedeposits and create the means of leveraging riskysecuritized debts (as well as other insured liabilities)as universal banks, much of which would be nowbacked by tax guarantees. To re-emphasize, mortgagerelated securities could not have existed had the FourPillars not been repealed.

This was the Canadian experience of the same

essential process which lead up to the repeal of theGlass-Steagall under the Gramm-Leach-Bliley Act inthe United States in 1999 orchestrated by the City ofLondon centred oligarchy around Lord JacobRothschilds Inter-Alpha Group of banks.

Today, this system has inflated itself beyond allcontainable limits. The Canadian Council of ChiefExecutives has implemented a veritable coup over thepast several decades for their London masters. Thetime has come to decide whether Canada will movewith the LaRouche three-step program of a Glass-Steagall-like bank separation, the adoption of a publiccredit system and the North American Water and

Power Alliance (NAWAPA) or abandon all remnantsof national sovereignty as it follows the Citys crazed

British financial empire faction into hell.

*Graphs 1, 3 and 4 were taken fromwww.theeconomicanalyst.com and Figure 2 wastaken from www.mjperry.blogspot.com

Figure 4

Figure 5


13/49

13

Estimates are that the current magnitude ofoutstanding derivatives claims accumulated as aproduct of speculative financial practices, nowmeasures in the hundreds of trillions of dollars,perhaps reaching even to quadrillions. Even whencompared to the current nominal global GDP,

estimated at around $70 trillion, it becomesimmediately apparent that this debt can never bepaid. The vast majority of these outstanding claimsare of a purely speculative character, withabsolutely no connection to legitimate, necessary,productive economic activity. To continue to bailout this vast bubble of gambling obligations on theback of a collapsed and rapidly shrinking realeconomy, would be to create, rapidly, Weimar-style hyperinflation on a global scale and aneconomic crisis of Dark Age proportions.

Glass-Steagall halts this catastrophe. By restoring

the separation between commercial andinvestment banking, Glass-Steagall divides theobligations in question into two distinct andseparate categories: legitimate and illegitimate,the latter being far greater than the former.Immediately, we declare that the government hasno responsibility to pay back losses accruedthrough speculative activity, thus transferringthese trillions in liabilities off of the governmentsbooks. We force the megabanks JP MorganChase, Citigroup, Morgan Stanley, etc. to splitthemselves in two parts: the so-called investmentarms on one side, and plain old-fashioned

commercial banking on the other. Under theoriginal Glass-Steagall law, only commercial banksreceive federal guarantees; investment housesdo not enjoy such protection. Though theirtrillions in outstanding assets might not beexplicitly cancelled or eliminated by law, we willsimply declare that these debts are their own,their responsibility, and not the Americanpeoples. Not one penny of bailout goes to paythem off, and without this artificial protection,these assets will quickly dry up on their own. Weas a nation are freed from this cancer, and ourcommercial banking system is restored to its

necessary and indispensable function. This wasthe stated intention of Franklin Rooseveltsoriginal 1933 Glass- Steagall Act.

Glass-Steagall Goes On to Declare:

No member bank shall act as the medium oragent of any non-banking corporation,partnership, association, business trust, or

individual in making loans on the security ofstocks, bonds, and other investment securities tobrokers or deals in stocks, bonds, and otherinvestment securities...

After one year from the date of the enactment of

this Act, no member bank shall be affiliated in anymanner with any corporation, association,business trust, or other similar organizationengaged principally in the issue, flotation,underwriting, public sale, or distribution atwholesale or retail through syndicate participationof stocks, bonds, debentures, notes, or othersecurities...

After the expiration of one year after theenactment of this Act it shall be unlawful for anyperson, firm, corporation, association, businesstrust, or other similar organization, engaged in thebusiness of issuing, underwriting, selling, ordistributing, at wholesale or retail, or throughsyndicate participation, stocks, bonds, debentures,notes, or other securities, to engage at the sametime to any extent whatever in the business ofreceiving deposits.

From and after January 1, 1934, no officer ordirector of any member bank shall be an officer,director, or manager of any corporation,partnership, or unincorporated associationengaged primarily in the business of purchasing,selling, or negotiating securities, and no memberbank shall perform the functions of a

correspondent bank on behalf of any suchindividual, partnership, corporation, orunincorporated association, and no suchindividual, partnership, corporation, orunincorporated association shall perform thefunctions of a correspondent for any member bankor hold on deposit any funds on behalf of amember bank, unless in any such case there is apermit therefor issued by the Federal ReserveBoard; and the Board is authorized to issue suchpermit if in its judgement it is not incompatiblewith the public interest.

What Exactly Is Glass-Steagall?By restoring Glass-Steagall we declare: The FederalGovernment has no obligation to bail out gambling

debts.


14/49

14

14

In its preamble, Glass-Steagall stated its intent: To provide for the safer andmore effective use of banks, to regulate interbank control, to prevent the

undue diversion of funds into speculative operations... The full Act, in justunder forty pages, established that the banking system must be made to servethe public interest, to serve the general welfare of the American people as a

whole, affirming the principles enshrined in the US Constitution andoutlawed anything to the contrary.

Glass-Steagall at a glance...


15/49

15

LaRouchePAC-TV:

A Tour of NAWAPAXXI

LaRouche PAC-TV released a new online video,

NAWAPA XXI on July 27, by Michael Kirsch,

Dennis Mason, Spencer Cross, and Diana Wong,

which can be viewed at:

www.larouchepac.com/nawapaxxi/feature

The title refers to the proposal for a NorthAmerican Water and Power Alliance, to bring waterthat flows from the rivers of Alaska and Canada intothe sea, southward to the driest areas of the UnitedStates and Mexico. Originally drafted in 1964,NAWAPA was never built, for political reasons. But

with the scorching droughts of recent years, it is moreurgent than ever, and the LaRouchePAC team hasbeen working intensively to update and upgrade it formodern implementation.

The LaRouchePAC website describes the filmas an executive in-depth 30 minute tour of NAWAPAXXI, produced for water specialists, farmers,policymakers, and others who will be able to put theirweight behind this life-like vision of the future.

We publish here the beginning and the end ofthe video, to give an idea of this vast project, and toencourage you to watch it for yourself.

We live on a continent whose western part has awide discrepancy of rainfall distribution due to theparticularities of the Pacific Ocean weather system.The area stretching from Alaska and Yukon down toWashington State has 40 times the annual river runoffof the Southwest and Northern Mexico. To move someof this runoff to areas where there is little, it appears atfirst glance that a very long canal or pipeline would berequired. Closer inspection shows that such a canal isalready built! More specifically, there is a continuousstretch of naturally made canals, in the form of RockyMountain trenches and valleys, stretching from

southeast Alaska through southern Idaho, roughly2,000 miles.

All that is required is the construction of 31dams, and a 2,000-mile route utilizing thesetopographical features can deliver 11% of the runoffwater of Alaska, British Columbia, and Yukon to bringa new source of surface water to the U.S. Southwestand Mexico, that will last as long as the rain continuesto fall in the northern mountains of the continent, anamount capable of doubling food production, saving

cities, farms, and industries across the Southwest, andsecuring livelihoods for generations to come. Theconstruction of the northern storage and power systemwill bring with it the independence andindustrialization of Alaska, the rapid development ofBritish Columbia, and the general development of the

continent as a whole. Implementing the project willsave and revive vital industries and technologicalcapabilities, and create millions of long-term,

productive jobs.

[The video proceeds to give an overview of theNAWAPA XXI plan, starting with the 2,000-milestorage reservoir system from Alaska through Idaho,

and working southward to Mexico. ]


16/49

16

16

Transportation Corridors

Returning to Canada, a major addition to the mainstorage route described integrates with the proposeddevelopment of British Columbia and supplies the

Canadian prairies with needed water. Peace Riverrunoff and other Mackenzie Basin streams, as well aspotential flows from the runoff of the far North,would make possible a barge canal across Canada,connecting existing rivers with a 730-footwide canallarge enough for barges, stretching from the man-made Williston Lake, created by B.C. PremierW.A.C. Bennett, all the way to Lake Superior.Sufficient water supplies will be drawn from the canalfor the needs of Alberta, Saskatchewan, andManitoba, and a branching barge canal will crossthrough the Dakotas and link up with the Missouriand Mississippi river systems, designed for flood

control as well as for shipping and irrigation.

The seaway will stabilize the levels of theGreat Lakes when excess water is available.Branching off from the canal, a seaway between LakeWinnipeg and Hudson Bay, and a canal betweenGeorgian Bay and James Bay would create cheaptransport routes for resource development. Theextension of waterways into areas where existingaccess is achieved only by expensive overlandtransport, will open vast new areas to acceleratedsettlement and development.

Barge traffic connecting Lake Williston to anavigable Fraser River, through locks near PrinceGeorge, would make British Columbia an inflectionpoint for world trade, and allow for materialprocessing within the province, making use of theextensive 32 GW of surplus hydro-power possible

through the system.

For the efficient construction of the NAWAPAXXI reservoirs, canals, pumping and power stations,the completion of the Alaskan-Canadian rail system,studied under former Alaskan Gov. FrankMurkowski, is immediately available for constructionduring the design, pre-construction, and site

preparation phases of NAWAPA XXI.


17/49

17

Two routes from Dease Lake to Fairbanks, and FortNelson to Fairbanks will neatly service theirconstruction and supply. During the period ofconstruction of NAWAPA XXI, Alaska and BritishColumbia will break away from the status of rawmaterial exporters and begin processing their own

resources, becoming self-sufficient with localindustries and new supply lines.

Summary Benefits

The systems dams, tunnels, canals, locks, andpumping and power stations will alone require 27billion cubic yards of earth moved, 3 billion cubicyards of concrete, and 440 million tons of steel. Theestimated machine production and materialproduction for the construction machinery on-site, aswell as the system components, will require 4 millionjobs. Additional rail supply lines from a revived

Midwest manufacturing belt to the West, and thoselines running to the North, new power stations, andthe new industries required for the task, will increasethis by millions more. With modern technologies, theNAWAPA XXI design presented here could be doneas fast as labor and plant capacity could be allocated

for the task, in as little 15-20 years.

In addition to the benefits stated, numerousother benefits will result. There will be an increase innational income from agriculture, livestock, mining,and manufacturing; an overall increase in land valueswill result in irrigated land, while related industrial

and urban land values will increase in proportion.Recreational activities will increase with theformation of scenic and navigable waterways. Theincrease in commerce and industry will betremendous; tax receipts of the three nations will rise;and each country will reap gains in foreign exchangeby the yield of increased exports of agricultural,forest, and mineral products. The process set intomotion by the project will serve as the basis for arestoration of the public credit system, with afunctioning system of bank lending for productive

economic activities.

Making the decision to enact NAWAPA XXI

will create a new generation of productive citizens,making good on our debt to the World War IIgeneration, on whose productive wealth we have toolong relied, and left nothing for the generations to

come.

For a full overview of the NAWAPA XXI Design, visit www.larouchepac.com/infrastructure


18/49

18

18

The Committee for the Republic of Canada has

initiated a nationwide mobilization to win support

for the following emergency resolution.

In 2007-2008, the governments of the trans-Atlanticregion missed the opportunity to attack and eliminatethe speculation based financial system. The financial

bubble created over decades had finally burst, butproposals to protect the real economy from the collapseof fictitious asset values were ignored or blocked.

The failure to implement available solutions in the selfinterest of nations led to a continuous series of financialbailouts by European governments and by the Bush andObama administrations in the United States. In Canada(1) bank bailouts were also the norm, but disguised asliquidity support. These decisions forced Federalgovernments to initiate and carry out severe austeritymeasures on behalf of the speculative investment banks.Hospitals, schools, police forces, and other forms of vitalsocial infrastructure have continued to disintegrate, andmillions of families have lost their livelihoods, includinglong-term employment in productive jobs, life's savings,and homes. In the United States, as a consequence of thecontinued bailout policy of 2007-2012, the last vestigesof the machine-tool sector, heavy industry, and otherpotential infrastructure building capacities have almostentirely disappeared. The American economy has nowlittle time left to utilize the productive legacy of an oldergeneration once central to great national undertakings,and pass this knowledge to new generation.

Canada is also facing a dire situation: an overvaluedhousing market has driven consumer debt to an all timehigh of 153% of average household income. Ontariosindustrial belt is facing high unemployment while

manufacturing is collapsing across the country.Advanced sectors are in serious difficulties with thenear shutdown of our nuclear industry and budgetslashing in Canadian aerospace. Highly qualifiedworkers are now retiring and our young generationscannot find work, are mostly unskilled and whollyunprepared for the future.

A continental plan of action must be implemented whichcan also make up for decades of lack of investment ininfrastructure and industry, utilizing the skill andtechnological capacities which still exist before theyfinally vanish, and address the immediate crisisthreatening the existence of both the Canadian andAmerican economies with the imminent blowout of the

Euro-zone, by instigating emergency measures creatingadequate financial barriers and banking regulation. Sucha plan is immediately available, as presented in theCommittee for the Republic of Canada Special ReportNAWAPA XXI (2) (North American Water and Power

Alliance XXI), which proposes:

a) reviving the separation between commercial bankingand the securities business by enacting legislationmodeled on Franklin Delano Roosevelts 1933 Glass-Steagall Act; to be immediately followed by,

b) establishing a System of Public Credit in the UnitedStates, Canada and Mexico by means of the constructionand requisite methods of funding of NAWAPA XXI. TheNAWAPA XXI plan consists of the following:

i) A water and power proposal employing a vast numberof industries involved in material and machine

production which are vital for Canada and the UnitedStates to develop and salvage, as well as newinfrastructure routes stretching most of the continent,providing millions of Canadians and Americans long-term employment, and training a new generation ofhighly skilled workers; its construction will provide thebasis to industrialize northern Canada and Alaska forthe first time, while reviving the once proud rust beltstate economies of the U.S.

ii) The utilization of 11% of the runoff of Alaska, Yukon,and British Columbia, as a permanent source of water todouble food production in the U.S. Southwest andNorthern Mexico, and turn would-be flood waters in onearea into the means of fighting drought in another, tobring water to the dry Canadian Prairie provinces, tocreate a network of barge canals stretching fromVancouver to the Great Lakes-St. Lawrence Seaway, thedeep-water port at Churchill, as well as James Bay andLabrador opening a vast resource potential for Canadasdevelopment, and halt the water wars between thewestern states.

iii) This project would massively increase the economicactivity of Canada, the U.S. and Mexico for a generation.Mexico has already initiated water projects that wouldconnect with NAWAPA XXI, while previous generationsof political leaders in Canada, such as Prime MinisterLester Pearson, (3) viewed the opportunity to move

some of our abundant water resources down South asone ofthe most important developments in our history asimportant as exporting wheat, or oil or anything else.NAWAPA XXI would provide a model for cooperationbetween sovereign nation states that would benefit allparties involved.

Emergency ResolutionNAWAPA XXI: Applying a System of Public Credit


19/49

19

iv) In the System of Public Credit, existing or newlycreated Public Debt by the government is fundedaccording to the timetable required for industrial andinfrastructural growth, through the means of the Bank ofCanada and related branches serving as credit lendinginstitutions for internal improvements and industry. Inthis system, the anticipated future value of Public Debt

associated with the infrastructural and industrialprojects circulate as currency in the present. This systemhas been used in past American infrastructure andindustrial mobilizations to build the United States andcombat financial oppression, and was established byAlexander Hamilton in his success in turning monetarydebts into circulating credit through the use of theConstitutional Powers of Congress and the Bank of theUnited States, and later applied in Nicholas Biddle'sdirecting of the second Bank of the United States underPresident John Quincy Adams, Abraham Lincoln'sGreenback-based national banking system, and FranklinRoosevelt's use of the Reconstruction FinanceCorporation.

Under the proposed plan, the government's coordinationof the vast economic activity and provincial and federalrevenues which NAWAPA XXI's construction will create,will generate enough activity to make feasible sufficientcredit emissions through a new credit lending institutionto revive our economy as well as actualize any validdebts after Glass-Steagall and an associated banking re-organization.

Therefore be it resolved, that

___________________________________

hereby endorses the NAWAPA XXI plan, and that acopy of this resolution shall be forwarded toMembers of Parliament representing our Federal

Ridings in the Province (or Territory) of

___________________________________

and also delivered to the Prime Minister of Canada.

Notes:

(1) David MacDonald: "The Big Banks Big Secret"

Estimating government support by Canadian banksduring the financial crisis. April 2012. Canadian Centerfor Policy Alternatives. (www.policyalternatives.ca)

(2) NAWAPA XXI Report

http://www.committeerepubliccanada.ca/IMG/pdf/RapportCanada.pdf

(3) Canadian Broadcasting Corporation Free TimeBroadcast No. 4 on October 15, 1965 at 8:00 P.M., citedin correspondence of U.S. Senator Frank E. Moss.

Glass Steagalls progress

internationally

Already sponsored by 78 bipartisan co-sponsors

(as of August 2012) , Glass-Steagall has been

introduced into the American House of

Representatives under Marcy Kapturs HR 1489

Return to Prudent Banking Act.

Similar legislation has been introduced in

Europe under the Peterlini resolution in Italy

and in Iceland as well.

In France, former presidential candidate

Jacques Cheminade brought Glass-Steagall to

the attention of all French citizens by making

this the foundation of his campaign in April

2012, and former Prime Minister Michel Rocard

joined Cheminades call by forming the

FDR2012 and demanding a European Glass-

Steagall.

As of July 2012, major establishment figures

such as former head of Citibank Sandford Weill,

who led the destruction of Glass-Steagall in

1999, declared that the restoration of bank

separation is the only way to ensure theavoidance of a general economic meltdown.


20/49

20

20The Disease in the

Healthcare System Must

be Removed.

Is Canada turning into a fascist meat grinder?


In April 2009, the LaRouche Political ActionCommittee, a PAC known to representDemocratic candidates for Congressional office,targeted the Health Care legislation of BarakObama as a Nazi useless eater program. AHitler moustache on Obamas upper lip becamefamous soon thereafter, and a scandalunprecedented in American history, broke out.While many a right wing reactionary jumped onthe bandwagon accusing the Obama

administration of socialism, anyone studyingthe LaRouchePAC literature would findsomething much different behind the evaluation

of this Nazi resurgence with a democratic face.

The core of the LarouchePAC evaluation was notto be found in the state directed universalhealth care proposal so adamantly attacked byright wing simpletons, a measure LyndonLaRouche had in fact supported for decades (1). Itwas to be found, however, in the swarm ofeconomic behaviorists that had entered into the

White House as Obamas cabinet and inner circleof advisors. This click of ideologues representedby such infamous characters as Cass Sunstein,Larry Summers, Daniel Ariely, EzekielEmmanuel and Peter Orszag had made the focusof Obamas presidency not one of universalizinghealthcare, but rather balancing the budget intackling the looming baby boomer time-bomb.Peter Orszag claimed that over one trillion dollarscould be saved, while the 50 million uncovered

Americans would receive access to care.

The thinking citizen would ask; if more peopleshall receive coverage after a reform, then howwill significantly less money be spent? Howcould such a paradox be overcome? The darkresolution to this paradox would be apparent inthe policy guideline that had been summarized inEmmanuels 2008 Principles of Allocation ofFinite Medical Resources (2) where the obligationto eliminate lives that were not worthy to be livedwas sketched out in blood curling terms. The

means to achieve this cost saving effect wouldinvolve the application of the British NationalInstitute for Clinical Excellence (NICE) systemof Tony Blair fame. With NICE, a qualityadjusted life year (QALY) model (3) would beintroduced as a universal standard of value todetermine which citizen would receive

expensive medical treatment and which wouldbe only given morphine drops or palliative care,

based upon cost effective considerations.

The regulator of this QALY system could not betrusted to those selfish doctors who wereinclined to thoughtlessly provide whatevermedical treatment they thought fit to theirpatients without consideration for monetaryvalues. To try to gain public support against thedoctors, multiple references had been made byObama and his behaviourist hive regarding theselfish tendency of doctors to provide

unnecessary treatment simply in order to getmoney from insurance companies. The enforcerof such a program could only be an anonymousboard of experts outside of the control ofCongress or the Constitution. The name of thisgroup would be the Independent PaymentAdvisory Board (IPAB), and would be the pivotof the whole reform. This was also knowneuphemistically as the death panels byaccusators who sadly often knew very little abouttheir subject. Today, a similar reform is silently

underway in Canada.

(1) www.larouchepac.com/nazihealthcare(2) To read the entire paper: http://www.ncpa.org/pdfs/

PIIS0140673609601379.pdf

(3) Quality Adjusted Life Year (QALY) is the model

choice of the NICE to determine the dollar value for

human lives. Categorization of the population into age,

lifestyle, and health risks produce a statistical analysis

of a human quality of life. Life year values are different

for people based upon which categories they fall under.

Tony Blairs NICE reforms

would go on to serve as the

model for Obamacare


21/49

21

Turning Canada into a Fascist Meat Grinder

As of 2009, the Health Council of Canadaproduced a widely read paper drawing attentionto the dire need for Healthcare reform in Canadacalled Value for Money: Making Canadian

Healthcare Stronger (4). Just as in the USA andBritain earlier, the baby boomers were retiring, itwas argued, at an unsustainable rate and that inmerely a matter of 10 years there would be adisproportionate amount of retirees sustained byfar too few active employees. To make mattersworse, the Federal Healthcare transfer paymentsallotted to the provinces for Medicare would beexpiring in 2014 leaving a system doomed tocollapse were broad reforms not undertakensoon. This report not only supported the NICEand QALY system, but also echoed the ethical

dilemma highlighted in Ezekiel Emmanuels2008 paper of the very old and pre-mat youngwho receive enormously expensive care, andwhose survival rates, and QALYs arestatistically low, emphasizing that waste costsare to blame with extending lives but not quality

(or cost efficiency).

The call for health reform was echoed first byright wing think tanks such as the Frasier andCD Howe Institutes, and then publicly by PrimeMinister Stephen Harper very soon thereafter. A

harsh public backlash was received by the PM,sending much public discussion of reform under

wraps for the time being.

Now in July 2012, while the completedisintegration of the financial system is wellunderway, it is worth noting two relevantelements of the resurgence of health care reformbeing set in motion. This takes the form ofhealthcare reform on the one side being pushedprimarily by an infiltration and brainwashing ofleading representatives of the Canadian NursesAssociation (CNA), and the legalization of

euthanasia on the other. In both cases, heartwrenching anecdotal case studies are used toargue for compassion while the real top downintention of the architects of such programs, likethe Obamacare before it, have only utilitarianviews of life, and budgetary considerations in

mind.

In mid 2011, the International Monetary Fund

(IMF) released a report (5) demanding Canada actpromptly to overhaul its unsustainable healthcarearrangements. The fruits of the IMF report beganto be felt in June 2012, when the results of an 8month long study were released during a nationalconference held in Vancouver, by the CanadianNurses Association. The contents of the CNAreports allow us an insight into the rationale ofthis deadly logic. The study was spearheaded bya group that had formed in May 2011 known asthe National Experts Council (NEC). Amongthe 13 person group representing the 260 000registered nurses across Canada are 12 medicalprofessionals and one dubious character by thename of Thomas dAquino. dAquino has madea name for himself over the years as a high leveloperative in the Canadian oligarchy having firstworked in the Privy Council office serving as

Deputy minister in the 1970s, and then havingbeen the president of the secretive CanadianCouncil of Chief Executives (CCCE) for over 20years, representing the CEOs of the biggestfinancial institutions and Corporations acrossCanada. In 2009, dAquino left his post to PrivyCouncillor John Manley, and has since devoted

his energy to healthcare reform on the NEC.Thomas dAquino now serves on

the National Experts Council

after a two decades stint heading

the CCCE

(4) Download the report here: https://www2.infoway-

inforoute.ca/Documents/HCC_VFMReport_WEB.pdf

(5) Canadas Health Care System Unsustainable- IMF,

www.canadaupdates.com/content/canada%E2%80%

99s-health-care-system-unsustainable-imf-15966.html


22/49

22

22

As a self described disciple of Schumpeter and theMarket, dAquino has advocated the ideology ofcreative destruction such that economic collapsesare considered the greatest opportunities to forcerevolutionary change in social customs.

The influence of dAquino can be felt in the results oftwo published documents presented during theVancouver conference of 2012, namely A NursingCall to Action and Better Value: An Analysis of theImpact of Current Healthcare System Funding.

The three most Orwellian aspects of the proposed costsaving measures featured in the reports are: 1)Information technologies to usher in evidence-basedmedicine, 2) Remove the power of allocating carefrom the physicians, and 3) Encouraging end-of-lifecare as a replacement to expensive acute care. Let ustake a closer look at the treatment of these three

components below:

1) Using modern technologies may sound good, untilone realizes that those technologies advocated by theNEC do not include more MRIs, or actual life savingequipment, but rather information tech. Actualreliance on technological solutions is actuallydeemed part of the problem by the authors. Accordingto the authors, having databases (not at all a bad thingin itself) is the key component to ushering in a trulyuniversal evidence-based system of treating patients.The evidence based method is useful on an assemblyline, but in regards to scientific diagnoses, serves tomerely de-humanize the medical process whereby coldcomputer programs are given increasing power todetermine effective treatment rather than the minds

and insight of the doctor.

2) Removing the power of prescribing care fromphysicians who have little regard for cost, and puttingit into the hands of teams. As one section of an NECreport describes: Our focus on acute treatment makesfamily physicians gatekeepers, and their training is to

send patients for specialized diagnostics and

treatment, which in recent years have often been

offered in hospitals and other institutions. We cannot

break out of the cycle of sickness-doctor-acute careuntil we make the choice to fund differently and re-

inforce the shift to team-based community care withplans for more accountability for health spending

We need funding to support the delivery of evidence-based care through strong primary health care

networks, with teams working together to increaseaccess to well-integrated care. Care should be

accessible wherever it is most safe, effective and

affordable.

This team treatment policy is no different from

Obamacares Independent Payment Advisory Board(IPAB) in either form or function. Under Obamacare,this is known as the Accountable Care OrganizationSystem, in which there are penalties for hospitalscarrying out too many re-admissions, especially forolder people.

3) Keeping chronically ill and terminal patients athome instead of occupying expensive hospital bedswhereby it is advertised that $20 000/year per patientcould be saved. It is asserted that statisticallyspeaking 15% of hospital beds are being usedwastefully by patients who could have merely stayedat home benefiting from the occasional help of avisiting nurse. Overall, 85% of medical resources areconsumed by 5% of the population, most of whomwould rather die in the comfort of their own home thenlive longer sustained in a cold hospital. The NursingCall to Action quotes from a Royal Society of Canada-Canadian Hospice Palliative Care Association report

to the Senate calling forensuring that resources thatcould be better used for wanted palliative care are not

diverted to unwanted acute care. This brings us intothe second component to the orchestratedtransformation in the healthcare paradigm

euthanasia.

A Nursing Call to Action is an Orwellian call to action

key to brainwashing Canadian nurses and introducing

a useless eaters policy into Canadian healthcare.


23/49

23

Eliminating the Elderly and Sick

It is no coincidence that the attempt to circumvent thedoctors associations, which have demonstrated aresistance to the new reforms, by brainwashing thenurses association is moving in line with an

unprecedented push for euthanasia legalization inCanada. On June 15, merely 7 days before theVancouver NSA conference, BC Supreme CourtJudge Lynn Smith delivered a ruling that aphysicians denial of assisted suicide isunconstitutional. Even though the Parliament came upwith a negative decision on the issue of physicianassisted suicide in April 2010, Judge Smith gave the

Parliament one year to amend its law.

Natalie Sonnen , a spokeswoman for the EuthanasiaPrevention Coalition of B.C responded that whenyou place the killing in the hands of medical

practitioners there is no way to control that. Thisdecision was made in an ideal situation where there

would be no abuse or intentions to kill vulnerablepeople. Once you grant assisted suicide as a right,

which is where we are headed, it becomes a right for

all, whether you are deemed competent to make the

decision or not adding that 38% of doctors polledanonymously in places where assisted suicide is legaladmitted to killing patients without their consent.Echoing this warning, on June 19 2012, ProfessorPullicino, a leading British neurologist speaking at theRoyal Society of Medicine revealed that 130 000elderly patients are killed every year in the NICEreformed Liverpool Care Pathway system. Among the

patrons of this system is none other than the son ofPrince royal virus Phillip, Prince Charles (seeappendix).

Let us make no mistake. The Canadian health caresystem, like that of its American counterpart, is sick.The high quality healthcare system of the BrettonWoods epoch is a far cry from what passes for healthcare today. The systemic change effected by Nixons1971 decoupling of the US dollar from the physicaleconomy, and the 1973 nixing of the Hill Burtonsystem has resulted in a healthcare system which hasbeen subsumed within a logic of monetarism.

Increasingly, as the sacredness of human life wasdeemed unworthy of monetary concerns underglobalization, the other branches of moderncivilization were expected to conform to the newrules of each against all, and supply and demandby high priests such as Milton Friedman, PaulVolcker, Von Hayek and Alan Greenspan. Monetaryprosperity could flourish if the sources of wealth weremonetized and turned into commodities forspeculation, while non-profitable overhead such as

infrastructure maintenance and improvement was cutincreasingly to produce what LaRouche defined in the

1960s as fictitious capital.

Through such a wasting process, underinvestmentinto the non profitable healthcare infrastructure inCanada and the privatization of healthcare

infrastructure in the USA resulted in increasingdeaths all around. While in Canada, citizens wereincreasingly receiving lower quality services andlonger waiting times for life saving tests, in theUnited States, whole sections of poorer citizens werethrown under the bus completely via Nixons HMOlaw of 1973 making healthcare inaccessible for whole

sections of the population.


24/49

24

24

What Must Be Done

The key solution to this crisis is not to be foundwithin the context of the collapsing monetary order orits associated rules, but only in a fundamental changein the system itself. It must be recognized that the

monetary burden is nothing but a chimera. It is onlyby re-introducing a global commitment to the futurethrough high energy intensive projects such as 1) theNorth American Water and Power Alliance, 2) Arcticand Space development, that the real wealthgeneration so necessary to offset the retiring babyboomers may be effected. This process must bemodelled upon the experience of Franklin DelanoRoosevelts New Deal of 1933 and may only beunleashed were Canada to participate in the globaldrive for a Glass-Steagall separation of banking, anda return to the principles of Hamiltonian NationalBanking utilizing a newly chartered Bank of Canada

as a public conduit for issuing productive long term,low interest credit into the real (i.e. : not speculative,not entertainment) economy.

In a time of peace, there is never a reason to triagehealthcare, and the argument that there are suchthings as ``finite medical resources`` and ``budgetsthat must be balanced at all costs regardless of humansuffering`` must never be tolerated. Seen from ahigher vantage point, of top down intentions, we findthat such malthusian conclusions are nothing butfascist mental traps set for the uncreative and immoralamong us. Men and women worthy of the title`civilized human` do not bow down to the gods of the

market place under any condition, nor are theyrespectful of the limits to the quantity or quality oflife of each human being set by those same pagan

`gods`.

It is only from the future vantage point that a trulysystemic change can occur. In such a system, theancient truths extolled by Roosevelt would have to bere-discovered and restored in the temple ofcivilization; that value is not a measure of utilitarianor monetary considerations, but rather of the efficientpower of every creative mind, regardless of the age ofits associated body, that allows for the successful

growth of our nation and the species ever moreunboundedly into the depths of the Solar System,galaxy and higher cosmos which in the end, is our

true birthright, environment and home.

Appendix:

British "InvoluntaryEuthanasia" Murder Program Is

Royal Family ProjectThe involuntary euthanasia organization Marie CurieHospice, has been a special project of Prince Charlessince approximately 2000, and of the Royal Familysince its inception in 1948.

The Marie Curie Hospice (also known as Marie CurieCancer Care) organization is the home of the"Liverpool Care Pathway," a protocol for ContinuousDeep Sedation, which Britain's National Health Servicemade a national program in 2004 under Tony Blair.The cause of death of about one in every six Britons

who died last year was murder via the program'sdelivery of heavy narcotics, and withdrawal of fluidsand nutrition.

In an internal newsletter issued in July 2003, theMarie Curie Hospice organization reported that PrinceCharles was its new patron, having previously servedfor three years as President of the organization:

"His Royal Highness The Prince of Wales has taken onthe role of Patron of Marie Curie Cancer Care, insuccession to Her Majesty Queen Elizabeth the QueenMother, who died last year.

"Marie Curie Chairman Sir Nick Fenn said: 'We aredelighted that his Royal Highness The Prince of Waleshas accepted the position of Patron of Marie CurieCancer Care.

"'Over the three years in which he has been Presidentof the charity, His Royal Highness has worked hard forus. He has visited Marie Curie hospices, met cancerpatients and nurses and helped spread awareness ofour cancer care and research work.

"'Her Majesty Queen Elizabeth the Queen Mother was

Patron of Marie Curie Cancer Care for nearly 50 years.It is in the fitness of things that she is succeeded by hergrandson.'"

Thus, the 2004 National Health Service

mainstreaming of the Liverpool Care Pathway took

place under the watchful patronage of Prince Charles,

in accord with his general Dark Ages outlook.


25/49

25

Matthew Ehret-Kump

Several months ago, the world watched as Frenchpresidential candidate Jacques Cheminade was beingtargeted by a barrage of media slanders due to hisassociation with the crazy conspiracy theoristLyndon LaRouche, more specifically with theslander that claims that LaRouche says the Queenruns drugs! Surely, LaRouche and Cheminade mustbe mad charged the media.

Mere days after this coordinated barrage of Frenchand British press slanders appeared, did they abruptlycease. The reason for their short lifespan is to befound in a major press scandal that broke on April 12,

2012.

It was revealed that Coutts & Co, the Queenspersonal bank, had been sentenced by a British Courtof Justice to pay a fine of 8.75 million pounds(1) for

having been found guilty of laundering large amountsof drug money over many years. The fine imposedwas the largest fine for such a crime in British

history.

That 17th century private banking institution hadrecently been absorbed by Royal Bank of Scotland,who before the British nationalization of 2009 hadbeen the flagship bank in Jacob Rothschild infamousInter-Alpha Group of Banks. To the terror of theinternational oligarchy and their attack dogs in themedia, the fact had to be admitted finally LaRouche

and Cheminade were right!

This was not, however, a merely unfortunate case ofsloppy oversight from an otherwise respectable bankwhich caters to the rich and powerful of England. Itwas a crack which revealed the essence of a worldmonetary empire which has run the international drugtrade top down since the infamous Opium wars of the19th century.

The proof of this fact has erupted for all the public tosee merely 3 months later, as U.S. Senator Carl Levinhas taken the lead in a criminal investigation againstHong Shang Banking Corporation (HSBC) afterhaving published a government study called

Homeland Security and Governmental Affairs,Permanent Subcommittee on Investigations on USMoney Laundering/ Terrorist Financing

Vulnerabilities (2).

Just to put this explosive revelation into a bit ofcontext, in the interim three months between Apriland July of 2012, much had occurred. In May, theEuropean Stability Mechanism (ESM) had beenarranged to provide hyperinflationary bailoutinjections into any failing euro bank while promising

to destroy any vestiges of democracy left in theEurozone via the fiscal compact. In June, U.STreasury Secretary Timothy Geithner and FederalReserve Chairman Ben Bernanke infamouslycoordinated to arrange legislation to force the U.S toprovide trillions in bailout to Europe, and in July, the

LIBOR scandal erupted proving that the leadingLondon controlled banks had been artificially fixingthe interest rates to create untold sums of money outof thin air. For their complicity in knowably coveringup these LIBOR crimes for several years, TimothyGeithner and Ben Bernanke have found themselves

testifying in Congress.

Two of the key banks setting the LIBOR were HSBC,and Royal Bank of Scotland, the controller of BankCoutts. In the Levin report published this monthbefore the hearings, it was proven that HSBC hasbeen one among many of the largest banks whichhave been complicit in not only laundering huge sums

of drug profits to sustain the global bubble, but hasalso been key in keeping international terrorismfinanced. The HSBC connections to Al Rajhi Bank ofSaudi Arabia, has created a direct link to the

financing of Al Qaeda.

The Royal DopeWhat is Canadas Role in the Empires global Drug Addiction?

(1) Global Banks are the Financial Services Wing of the Drug Cartels

www.guardian.co.uk/world/2012/jul/21/drug-cartels-banks-hsbc-

money-laundering

(2) For the full report, testimonies and video proceedings, visit: http://www.hsgac.senate.gov/subcommittees/investigations/hearings/us-vulnerabilities-to-money-laundering-drugs-and-terrorist-financing-hsbc-case-

history

The Royal family has been caught making a killing on drugs!


26/49

26

26

This story is not new.

In 1978, the Executive Intelligence Review produced a300 page expose known as Dope Inc.which was reputedto have driven Henry Kissinger into a rage. The bookhad exposed the top down control of the world drug

trade, to have the three fold purpose so necessary in themaintenance of a modern global empire following in thetraditions of the Opium wars of the 19 th century. Those

objectives were :

1) Keep the populations of victim nations locked in a

spiritual death of addiction and decay.

2) Provide for limitless profits for the local oligarchiesand their investors within choice nations, along with

parasitical mafia structures the world over.

3) Ensure the financing of covert operations such as 9-11 and global terrorism to keep victim populations in a

state of fear, creating consistent excuses to administerendless chains of wasting wars abroad. All to destroy

the foundations of the sovereign nation-state system.

Canadas Role

The contents of Dope Inc (still available online atwww.larouchepub.com) proved not only the structureand intent of the London centered control of the drugtrade, but also featured a chapter called Canada;Shanghai of North America demonstrating the pivotalrole of Canadas banks, leading operatives and eliteclubs in keeping the flow of drugs moving into the USA

via the silver triangle of Asia and profits launderedthrough their coffers and especially their offshore

branches.

Today, two of the big 5 Canadian banks (Scotiabankand RBC) have generated a massive presence inoffshore banking. Both Scotiabank and RBC are amongthe major banks with massive offshore presence in the

Cayman Islands, Caribbean and Latin America.

In May 2012, merely weeks after the Coutts settlementto shut down the drug money laundering case inLondon, the decision was made from the top that theexplicit connection between the monarch and Dope Inc.

was too much to bear, and arrangements were made tosell all of Coutts Caribbean, Latin American andAfrican branches to the Royal Bank of Canada. InApril, the head of RBCs wealth management armGeorge Lewis described the purchase in the followingeuphoric terms: This business represents an excellentopportunity to increase our market share with high networth and ultra high net worth clients in high growth

markets while delivering very attractive returns.

The fact is that Canada is now, and always has been

what Dope Inc called the Shanghai of the North. As acolony of the British Empire, local oligarchies havebeen cultivated by their British masters since pre-confederation to run operations against the Americansystem nation building traditions of the United Statesthrough the highly centralized control of Canadas

financial system, monarchical political system and eliteclubs (3).

The Solution

The exposure of such weak links as Coutts and HSBCare valuable only if an intention is existent to exposeand extinguish the evil that governs the failing worldfinancial system once and for all. Former head of theUnited Nations Office on Drugs and Crime AntonioMaria Costa as well as Russian anti drug czar ViktorIvanov have both emphasized in various locations thatthe only reason that the financial system has notcollapsed over recent years has been due to the constantinfusions of drug money. In the case of a 2011 speech inChicago, Viktor Ivanov was quoted as saying; "To acertain extent, we are observing a revival of the logic ofthe Glass-Steagall Act adopted in the USA in 1933, at

the height of the Great Depression, which separateddeposit and investment functions of banks. However

hard restrictions to prevent criminal money attraction

are required yet more. In other words, liquidation of the

financial bubble alone will not be enough. The key wayto liquidate global drug trafficking is to