Hello everyone, this post is meant to be an intro to the financial scam we as Canadian are facing presently. This starts off with the 1974 Trudaeu derailment of our national bank, the Bank of Canada as was its founding mission to own all Canadian debt, where the federal government would be the collector of such debts which effectively eliminated debt interest, or effected 0% interest payments to the governments of Canada or low rated interest loans to Canadians which allowed us before to rapidly pay off deficits and keep the nation's deficit at around 18 billion since WWII up until Trudeau sold it off and allowed privatized commercial banks to rob Canadians at compounded interest levels, slowly and effective enslaving Canadians to debt, a debt standing above 1.2 trillion for a population of only 34 million. I would also like to note the information in this thread is hardly the be all and end all of this scam, it may even have errors, however I encourage you to research if you're curious and to be intensely skeptical of the propaganda of the government and of its ruling political establishment as the government spreads mass amounts of disinformation, including mass shilling which is quite obvious if you go against the grain in controlled outlets like r/Canada in reddit.

Chart showing the rocket of Canadian debt since 1974

http://cdn.erikmackinnon.com/wp-content/uploads/2013/07/debt.gif

Trudeau:

http://en.wikipedia.org/wiki/Pierre_Trudeau#Legacy

Some consider Trudeau's economic policies to have been a weak point. Inflation and unemployment marred much of his tenure as prime minister. When Trudeau took office in 1968 Canada had a debt of $18 billion (24% of GDP) which was largely left over from World War II,[citation needed] when he left office in 1984, that debt stood at $200 billion (46% of GDP), an increase of 83% in real terms.[76] However, these trends were present in most western countries at the time, including the United States.[citation needed]

Bank of Canada

http://en.wikipedia.org/wiki/Bank_of_Canada#Roles_and_responsibilities

Historically, the Bank of Canada functioned as the financier of Canadian public deficits in the Federal, Provincial, and Municipal budgets providing loans to fund government spending at interest rates as low as 1%. This practice allowed for public debts to be repaid more quickly, but at the cost of higher inflation. The growth of the federal government through the 1960s led to rapidly increasing federal deficits. As these were covered by the Bank of Canada, inflation rose steadily from 2% in 1961 to a high of 12.5% in 1974. That year, with inflation at a 20-year high, the Government of Canada abandoned this method of financing in favor of borrowing from private banks at market rates on the reasoning that paying interest on its debt was less harmful to Canadians than high inflation - a policy now followed by most advanced economies. An alternative approach that was not chosen in Canada was to address the high rate of inflation by decreasing but not eliminating the deficit financed by the Bank of Canada.

What they don't tell you here about the inflation in this period which occurred when there was a rush on U.S. gold currency reserves known as Bretton Woods. During WWI-II the U.S. collected 60-70% of the then worlds gold reserves as payment for goods and arms sent to allied countries. The U.S. then used this system to peg the dollar to gold equivocally, to make it a global currency reserve as the economies of the nations of Europe we're left in ruins after the wars. What happened after this is the U.S. started to engage in warfare, an act of economic depravity contrary to the lairs in the mainstream media, wars makes nations extremely poor, especially the middle classes because of the mass accumulated debt and interest payments which further destroy investment and prosperity. Back to the inflation, the U.S. started mass printing denominations of its currency and other countries, starting with the French found out which led to a massive run and return on U.S. currency. This massive return caused hyper inflation which floated through the 1960-70s which leads us to the Smoke screen Trudeau and other treasonous MPs used to shutdown the Bank of Canada as the sole lender of loans which were at 0% interest and put government debt into the hands of the bankers at compounded interest. This is why you see our banks making obscene profits year over year despite the mass deflation and inflation we're presently riding in. Trudeau committed an act of treason as well as the MPs that allowed this to happen, the massive debt Trudeau created wasn't accidental either, it was very malicely intentioned.

For more on central banking and how the banks use debt to enslave us, and how they buy out our entire political system with their magic fiat currency which is essentially worthless, I highly recommend the currency classics, Secret of Oz, or for more on the banking cartels that is the present day centralized banking system I recommend Money Masters and Mike Maloney's Hidden Secrets of Money 4. Both are great financial classics, lengthy, historical and full of context which relates and illuminates exactly why the market is the way it is today.

Secret of Oz

https://www.youtube.com/watch?v=swkq2E8mswI

Money Masters

https://www.youtube.com/watch?v=HfpO-WBz_mw

A short documentary about centralized banks, better production values(disclaimer, the video is made by people promoting gold and silver commodities, linked here because the information on centralized banks is highly relevant and accurate to the present day system.)

The Biggest Scam In The History Of Mankind - Hidden Secrets of Money 4 | Mike Maloney

https://www.youtube.com/watch?v=iFDe5kUUyT0