Our present banking system was born in fraud, deceit and treachery. It has been perpetrated in the same manner as the goldsmith buying the favor of the king. Now the bankers, through their political donations, are buying the favor of the government.

Here are a few statistics:
1pix LIBERALS1pix CONSERVATIVES1pix
1989 $237,609.59 $231,188.46
1990 $256,202.44 $234,997.33
1991 $237,797.17 $236,686.52
1992 $244,301.54 $242,093.04
1993 $450,424.60 $469,147.45
TOTAL $1,426,335.34 $1,414,112.80

We have all heard about the concentration of wealth in Canada where so very few people own and control most of the assets of the country. The above statistics only show the donations made by the Chartered Banks to the two political parties. This is only a fraction of the donations which come from the corporate sector - many corporations, of course, have interlocking directorships whereby the same officials serve on the Board of both corporations and the banks. Together with the political donations of these corporations and the individual donations of those who serve on them, these funds make up the majority of the election "war chests" these parties use to gain and maintain power. It is little wonder then that each successive government manages to protect the interests of the bankers who got them elected. Before we allow cuts to any more important programs shouldn't we ask why our way of life is being sacrificed for the sake of compound interest agreements between bankers and their friendly politicians?

The Canadian Debt

32

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