Topic
TILMA will strip our ability to set local limits.
Harper and Campbell: Backing the deal
By now most Tyee readers will have heard of TILMA, the corporate rights agreement signed by Gordon Campbell and Ralph Klein in April of last year. The agreement -- the Trade, Investment and Labour Mobility Agreement -- was first pitched as a deal that would create a western "powerhouse" of the two fastest growing provinces.
But that populist bromide didn't last long when it was discovered this fall that TILMA is actually being peddled to every province in the country and is backed heavily by the Harper government.
What TILMA is actually intended to do is to advance another, much larger agenda, the one often referred to as "deep integration" and now a formal agreement between the three NAFTA partners. It's called the Security and Prosperity Partnership of North America (SPP). The SPP will see Canada effectively harmonize virtually every important area of public policy with the U.S.: defence, foreign policy, energy (they get security, we get greenhouse gases), culture, social policy, tax policy, drug testing and safety and much more.
But to "harmonize" Canadian public policy with the U.S. requires massive deregulation across the country. Much of that regulation is provincial and municipal, over which Ottawa has no control. That's where TILMA comes in. I have to admit it's clever, if they ultimately get away with it. Prepare the country for assimilation into the U.S. by promoting an agreement that claims to be about domestic, inter-provincial trade.
What will be harmonized through TILMA is simple enough. A fundamental political difference between Canada and the U.S. is that they have property rights in their constitution and we do not. That's no accident. When the Charter of Rights and Freedoms was negotiated between the federal government and the provinces, the idea of property rights was vigorously discussed -- and then rejected. Canada's tradition of activist government and strong social programs demanded that social rights trump the rights of investors. TILMA does an end run around that historic, democratic decision and the constitution.
Stripping our authority
At the core of TILMA is its draconian investment provisions.
They are rooted in the ever-expanding definition of property rights in the U.S., expressed in something called "regulatory takings" -- in other words, expropriation by regulation. That is what NAFTA Chapter 11 is all about. Companies can sue Canada if any regulation effectively "expropriates" the value of their property, including their capacity to make a profit.
But TILMA goes far beyond NAFTA because individuals can demand compensation (up to $5 million per challenge) if a regulation or law merely "restricts or impairs" an investment. This is an extremely low threshold for a legal challenge. One article in TILMA states outright there shall be "no obstacle" to trade, investment or labour mobility. It could release a flood of litigation. A similar law in Oregon just dealing with land use has resulted in over 6,000 claims worth $6 billion.
TILMA comes into affect, appropriately, on April Fool's Day. There is a two-year phase-in for municipalities and school boards, and the agreement also applies to crown corporations.
What sorts of things could be affected?
When fully implemented, TILMA would allow legal challenges to the location and size of commercial signs, environmental set-backs for developers, zoning, building height restrictions, pesticide bans, and green space requirements in urban areas.
It also could allow challenges to restrictions on private health clinics, halt stricter rules for nursing homes and almost certainly overturn the current ban on junk food in B.C. schools.
With respect to the environment, regulations regarding air quality are at risk, as are restrictions on tourist developments, the establishment of ecological reserves, the Agricultural Land Reserves and the authority of the Islands Trusts.
There are exceptions to the agreement and a list of legitimate "objectives" that governments can try to protect. But even here, they have to prove to an independent dispute panel that the objective was met with the least possible restriction to business -- a very tough challenge.
Deregulation domino theory
Most so-called "trade" agreements (none of them are actually about trade, they are about investors' rights) open up an investor challenge only if a regulation or "measure" is discriminatory; that is, if it treats an investor from one country differently than another. TILMA has such a clause (Article 4) but in addition it has a clause (Article 5) that enforces what is called "mutual recognition." That means, for example, that an investor from Alberta can choose to bring with him to B.C. the Alberta regulations that apply to his business. One example is Vancouver rent controls. An Alberta investor could build or buy an apartment block in Vancouver and use TILMA's Article 5 to demand that rent controls not apply to his apartments.
If you have trouble believing this, here's what federal Industry Minister Maxime Bernier told the Senate banking committee when testifying about TILMA. "Mutual recognition is an important principle from the economic standpoint because...such a situation places regulators in competition with one another [for having the weakest regulations]." This is a clear expression of the race to the bottom, but perhaps the first time a government minister has ever admitted it.
There is full court press on to get TILMA implemented across the country before the citizenry figures out what is going on. A critical player in that campaign is the Conference Board of Canada (CBoC) a think-tank that until now, at least, has played a relatively moderate role in its research studies on public policy. The CBoC has done a whole flurry of studies (including a major one last week) raising the alarm about the allegedly devastating economic impact inter-provincial trade barriers are having on Canadian productivity and growth. It's an odd crisis because business has said virtually nothing about such barriers over the years. That is because such barriers, as normally understood, are minimal. That was the conclusion of a 1998 study done for the B.C. government by UBC economist Brian Copeland.
But according to the CBoC, the barriers are so onerous that if we got rid of them -- just between B.C. and Alberta -- B.C.'s GDP would leap by $4.6 billion a year. That is an amount equivalent to half our current exports to Alberta and 3.8 per cent of provincial GDP -- over 10 times previous estimates of such barriers done by Industry Canada.
To arrive at this inflated figure, Conference Board researchers arbitrarily assigned numbers to TILMA's effects in each economic sector. The study contains no hard data, no reference to other literature with actual evidence, no interviews with company CEOs, and, remarkably, no list of actual barriers to trade or investment. The study's huge numbers rely in large part on the benefits TILMA would provide to the resources sector: forestry, fisheries and mining. But these sectors are actually exempted from the agreement so will get no benefits whatsoever.
Just say whoa!
There is no attempt, either, to justify the study's unorthodox methodology, which seems designed to result in its radical conclusions. A CBoC survey sent to selected Saskatchewan businesses for the government there painted a very positive picture of TILMA with almost no references to potential down-sides. Indeed, the Conference Board's objectivity was put into serious question when Glen Hodgson, its chief economist, appeared before the Senate Banking Committee and declared: "We strongly endorse and welcome the agreement between B.C. and Alberta..."
As for the national cost of inter-provincial trade barriers, the CBoC admits it has no idea. It disavows the one per cent figure being attributed to the Conference Board by B.C. and Alberta politicians to promote the deal. Paul Darby, Conference Board deputy chief economist stated: "The figures don't exist. Nobody knows."
Opposition to TILMA is growing both here and in other provinces like Saskatchewan, and in the next few weeks promises to expand as municipalities, school boards, environmental groups and ordinary citizens find out about the agreement. But the promoters of this libertarian assault on government have a big head start. Much of the ability of governments to act in the public interest hangs in the balance.
Related Tyee stories:
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Grumpy
6 years ago
Bye bye Canada
The quisling politicians are giving Canada away in a major fire sell, how much is lining their pockets?
Fiat lux
6 years ago
To show how much the
To show how much the opinions of these PR agencies, like the CBoC, are worth, here are some quotations from my June 1993 presentation on the proposed NAFTA. I never had a chance to deliver it, as Chretien signed that crime wave without any public consultations and inputs, and before the BC Govt's Parliamentary Committee, boycotted by the BCLiberals, reached us.
"During the '88 Leaders' Debate Mulroney promised 250,000 FTA jobs, in his '89 New Year's address 500,000. The CD Howe Institute predicted women will be the biggest winners. Judith Maxwell of the Economic Council predicted 250,000 women's jobs, the Conference Board 125,000. The Economic Council forecast 188,000 jobs lost, the 439,000 gained . The same economists and politicians are now pushing the NAFTA, while their victims are starving on welfare and foodbanks"
"On Nov.27,'88 Jacques Parizeau of the PQ declared the FTA as the key to Quebec's independence. On the same day the President of ALCAN was quoted: "Workers who lose their jobs to the FTA are like flowers that must wither and die, so that new ones can take their places"
"On Oct.18,'91 the Executive Vice Pres. of the Royal Bank, Edward Neufeld, said in a speech in Singapore: "It is in the national interest and makes sense for Canadian manufacturers to move to Mexico and cheap labour, to remain competitive, or perish, and bring back the profits to repay investors"
I repeat, I wrote these in 1993, when the whole plan for corporate dictatorship was already visible for anybody who cared and dared to look behind the sugarcoated, filthy lies.
Ed Deak, Big Lake.
Cynic
6 years ago
The attack intensifies, and
The attack intensifies, and the elite agenda to sequester our common wealth into their private pockets is obvious in this agreement. The day is coming when property rights will supercede human rights. They will be entrenched in law and brutally enforced.
But enough of this. Gimme more of that Pickton trial.
bowenmark
6 years ago
Bye bye Canada
Lining their pockets all right, while they are building a major highway that will employ non-unionized truckers to haul it south.
http://www.nascocorridor.com/
Fiat lux
6 years ago
What people will have to
What people will have to realize one of these days is that property rights can not be defined, therefore any claims in their name are fraudulent.
As a property and business owner, I do believe that people should have the right to own properties, just as we should have the right to drive anywhere on our roads, provided we abide by the laws protecting the lives and properties of others.
What these crooks and pimps are demanding are not property, but expropriation rights in the name of the strongest dog who can screw anybody and the biggest armoured tank that can push everybody off the road.
This should be emphasized!!!!!!!!!!!!
Also, that they're not demanding "deregulations", but the transfer of regulations from their own shoulders and activities, on the public.
As they have done with the deregulated money creation system that gives them unlimited powers, while transferring costs and liabilities on the public.
Ed Deak.
maestro
6 years ago
Hmm..Its G West (INC.) time, ...isn't it ?
Hmmm;
Wonder how long it will take for G WEST, esq. to comment ?
Hey.....LOOK !!!... up in the sky...its a bird ....its a plane....able to make "leaps of faith in a single bound" (after PR stop - offs in CUBA and get- well cards to Fidel ).......its ... !!!!!
Fiat lux
6 years ago
Great comment maestro, shows
Great comment maestro, shows the level of your great intelligence.
Ed Deak.
maestro
6 years ago
Now now Ed....
Now now Fiat Lux/Ed...
My "G West INC." comment was NOT a seguay from your " What people will have to " (WPWHT)comment...
Actually, I was impressed with your WPWHT comment under the hat of the "property and business owner"...as well as your belief in people's right to own properties.
Unfortunately, I went back to a previous TYEE topic that just got archived and were closed to further comments after they commented on my comments and I could no longer comment on their comments because their comments are much like what they accuse others comments to be yet they seem to think their comments are not INconsistent .....etc. etc. " Good for the goose = good for the gander" , " Pot calling the kettle black "? etc.
Also: I'm curious why some comments specifically directed at others inspire others to dive in...aka MYOB ?
Suggestion : Let's start over again...
Fiat lux
6 years ago
If anybody has to start all
If anybody has to start all over, it is you my friend, by trying to understand what the issues really are, when the sugarcoating is removed from the crap sold to people under fraudulent ideologies and economic theories.
Ed Deak.
Bytesmiths
6 years ago
I give Canada 20 years...
... before annexation. That's how long it will take for corporatists to soothe the sleepy, polite Canadian populace into accepting the "protection" of the Big Brother Down South.
As global warming kicks in and as water and energy dwindle, expect to see most of the population of the US South needing a new place to live. That's the entire population of Canada, in Southern California alone! "Hey, what's that up there? A relatively uninhabited wasteland, with a newly-pleasant climate! And they've got OIL!"
Be afraid. Be very afraid. We are being "softened up" for a bloodless invasion by moneyed interests. And the invaders won't put up with "social safety nets" like universal health care.
maestro
6 years ago
Well, Fiat Lux Ed.... How
Well, Fiat Lux Ed....
How come you tend to avoid pointed questions inspired/based on your own views and theories ?
How about I RE-ask an objective one I posted a while back which was based on your own " views " and " theories " ?
Let me know...
BC Dude
6 years ago
TILMA
Time to TAKE back OUR DEMOCRATIC RIGHTS AS A FREE PEOPLE AND PUT THESE "EVIL DOERS" BACK TO THE SLIME PITS WHERE THEY BELONG!
The PEOPLE of this "GREAT NATION OUR CANADA" UNITED WEcan not and Will not be conquered by greed!
Starting today if WE put OUR minds together and don't buy anything other than local I guarantee that the ports, trucking, stores, etc would have a Huge backlog of Astronomical Proportions never seen before!
"POWER TO USTHE PEOPLE OF BC AND CANADA"
A Father and Grandfather WEare their FUTURE!
clubofrome
6 years ago
TKO
...and maestro is on the canvas again! Maybe you should do timex commercials! Admit it kid, you've got a glass jaw.
There is no other reasonable explanation for your stumbling and bumbling in the ring! Do yourself a favour stay down this time....
NoLeftNutter
6 years ago
The brainwashed
Maestro;
Don't hold your breath or waste your intellect on old weird Ed. You'll be branded as a brainwashed ideologue and attacked by his cadre of Kool-aid slurpers. Ed's rantings don't hold up in the real world but you will get lots of entertaining references to the laws of physics and thermodynamics. Not to mention that the economy is going to collapse by lunch time, only not today, maybe later.........Oh yeah, and the banks, governed by a 483 page document, are now "deregulated" in addition to being thieves. Humour on the Tyee is where you find it.....
jwstewart
6 years ago
This may be a tough
This may be a tough question, but did the Tyee report on this before it was enacted ? This particular article is almost a year late to do anything opposing this. (notwithstanding the effectiveness of any such activity)
It seems to me that the basic goal of this agreement is to entirely equalize many aspects of society. In theory, they should be equalized to the "higher" level of freedom or Goverment service.
Does this mean that if Manitoba or Quebec signed on, the Alberta and BC Govts would be required to provide all services in French as well as English ? A person from Manitoba would have a right to expect that under the agreement, non?
Couldn't people with labour protections from other provinces rightly expect the same protection in Alberta & BC ?
clubofrome
6 years ago
Nut alignment
Calm down now, it's just the sun come out to shine. Don't confuse spring fever with bravery...
Burgess
6 years ago
Don't ever believe for one
Don't ever believe for one moment that banks follow the Bank Act. They ignore any regulation that they choose that doesn't suit. It started in 1957/8 with the Bank of Nova Scotia entering the consumer credit loan business AGAINST federal banking regulations. They wrote a billion dollars in consumer loans and 'dared' the feds to demand they forclose the loans. That was when all the banks decided they could play the same game. Like Chamberlain and his Munich papers the Feds at the time caved and we have the banks doing what they damn well want regardless of regulations. A few folks who post here really don't know their history and seem to be seriously in need of an education instead of throwing insults (which is usually the mark of laziness.)
Burgess
6 years ago
PS How about Alcan and
PS How about Alcan and Hydro going to appeal the Utility Commision's decision? Hey if Alcan doesn't want to play fair give the Province back the water, power AND the smelter. Just who took it upon themselves to 'give away the store' on this one anyway? Can you say Gordon Campbell?
NoLeftNutter
6 years ago
But of course
Of course the banks don’t follow the laws, why should they? They’re immune, or so you and other posters here claim. History lesson, how about a legal lesson?
If it's true is it still an insult?
Cynic
6 years ago
More accurately, the law
More accurately, the law that governs the banks has been relaxed to the point of being criminally amoral. Under Trudeau the amount of interest they could charge was upped to 60% before becoming illegal. Under Mulroney the Bank Act was changed to remove reserve requirements. Thiessen himself said "There is no magic multiple", not that many people understood what he meant. So now the banks print just as much money as they can find suckers to sign away their assets, loaning money into existence by tapping a keyboard, unearned money in exchange for real wealth. Pretty neat scam.
Fiat lux
6 years ago
maestro, I only have a few
maestro, I only have a few minutes at a time on this machine, and have no idea what question you're talking about.
NLN if you think any business, or economy, can survive on the sale, and especially on the export, of real capital, you're welcome to your ideology induced dreams, but don't expect any applause from the victims.
Ed Deak.
Coyote
6 years ago
maestro's glass jaw...
More a glass brain-, that shatters into tiny, teeny shards every time he tries to use it. And a real Humpty Dumpty he is.
To say nothing of the poor workmanship that went into the making of it in the first place.
Sad pieces of work, both he and the noleftnut.
And maestro!?!? Maestro!!!!
No musical order or complexity there at all, just a chaotic cacophony of noise -, like two cats fukin' on a tin roof. Which is where the genes for the two of them come from.
BC Dude
6 years ago
Cynic You are dead on with
Cynic
You are dead on with your post.
The banks at one time had to have I think 1/4 of a loan, mortgage, etc in ready cash before they could take on these loans etc.When Mulrony left office he more or less passed a motion allowing banksto write out new money to cover new morgages, loans etc
The amount of money out today is worthless just like the German mark at the end of WW2
10,000,000. marks for a loaf of bread
Fiat lux
6 years ago
The funniest, and the
The funniest, and the biggest con-job at the same time, is when banks can create imaginary capital to take over the properties of hundreds, or even thousands, using the stolen properties as collateral. Then they account the stoled good as their own and create more monies against them, while charging interests on nothing.
Then they scream for "property rights in the Constitution".
Now, try to explain this to the faithful !
In their narrow minds, corporations are using their own capital to overcapitalize and the banks loan out from deposits.
I keep getting credit card offers every week, and my wife's VISA card limit has just been increased by thousands. Which we don't need, or have any intention to use, but it is happening all the time.
So, dear "capitalists" where does all this money come from, when bank deposits are at an all time low, or even negative, and most people are up their ears in debt?
The overall indebtedness of the USA now stand at over $50. trillion, but our good friends are still trying to tell us that all is well and the economy is "booming".
If this isn't bankruptcy, what the hell is ?
Ed Deak.
Lefty
6 years ago
it's a four cent dollar
Ed I think your essentially correct. For some reason as the average working stiff got super productive on the job the value of the buck he was paid dropped like a rock. I read somewhere recently that the USA dollar is worth about 4% of it's value a generation ago.
Debased currency is what they loan out.
Love & Anarchy
Cynic
6 years ago
Money and banking. Imagine
Money and banking. Imagine what our lives could be like if we weren't in the thrall of numbers. It's not just the economy that's rigged, our lives are rigged. Why must human being be referenced to and shaped by numbers on a computer screen? I reject it.
Elliot
6 years ago
oh boy, it's the council of
oh boy, it's the council of canadians rallying against progress. what else is new. time to move on. yawn.
acadian driftwood
6 years ago
now, now...everybody take a
now, now...everybody take a chill pill. Having a cat's genes ain't so bad. After reading King Rat, that might just come in handy. Anyway...
Thailand was great. Two bedroom townhouse fetches for 50 grand, tops. How wonderful to wake up to a lithe, brown skinned beauty fanning my nuts...
yawnnnn. catch ya all later, gotta heineken waiting for me...
RickW
6 years ago
4-5%
I read recently that the reserves have decreased to that much behind the dollar.
So Ed IS right! Money IS counterfeit!
RickW
6 years ago
PS
Harper sure could use some of that tan Campbell picked up fact finding.......
Capitalism
6 years ago
RickW
I was actually just thinking about that tan. Did he get that from vacation or has be been frequenting the tanning beds.
Either way, he's went to far. He needs to lighten up on that sun!
Capitalism
6 years ago
TILMA
As far as TILMA - it is a no-brainer. We operate in the same country, under the same laws, etc.
The people this is going to impact the most is certified professionals. Why don't we streamline regulations, etc.
95% of BCers won't ever be able to tell the difference. This helps in cross boundary investment and movements of labour - so that there is less red tape. It also gives BC/Alberta "Albrica" much more authority on the Canadian stage. Our union now makes us the 2nd largest regional economy in Canada - kreeping behind Ontario.
This crap about overturning junk food bans is just that, crap. What this is is somebody who is opposed to the Alberta way of doing thigs, the fact that it might increase investment, and that it is the brainchild of ...... Gordon Campbell.
This writer is merely trying to conjur up the boogey man with a bunch of foolish "what-if" scenarios. Even the Tyee is better than this.
clubofrome
6 years ago
How's that pal...
Coyote delivers a flurry of rights and a heater to the solarplexes, then finishes the job with a jaw breaking left. What action! Hey deadwood! Care to go a few rounds?
kootcoot
6 years ago
Exploitation gets a new Rep:
I''m so happy for acadian driftwood who sez:
For some reason the word "exploitation" comes to mind. Then I remember that when I was growing up how "exploitation" had a negative connotation. Of course that was before the word was rehabilitated as an honourable and desirable business practice.
northyorker
6 years ago
The Alberta way
The 'Alberta way of doing things' is to sign over your rights and property to the US so American companies can come in and reduce your province to a toxic wasteland in an incredibly short period of time. How to re-create the 'Alberta way of doing things': 1) Get a time machine and kill a bunch of dinosaurs and other animals and bury them under your future province. 2) Dig up the oil and sell it. 3) Go around claiming your moral and intellectual superiority to anyone who doesn't agree with you. Call them communists. 4) Fast-forward a hundred years, see the desolate wasteland of tarsands wastes that is Alberta. All the former residents are either dead, moved or scrounging for rats. See Afghanistan? That is what Alberta will look like once the oil companies are done with it. That's not some crazy leftist saying stuff just to scare you, those are the facts.
BC Dude
6 years ago
acadian driftwood you brag
acadian driftwood you brag about being in Thailand with a little brown skin beauty probably under age like most white skinned pedophiles and you sound so proud of it.
You despicable little person I hope you catch the Black syphilis as I was in the Army and a couple of my buds ended up with it, not a nice way to die.
Fiat lux
6 years ago
Of course, it would be very
Of course, it would be very difficult for anybody steeped in some weird ideology, that the transfer of regulatory powers from democratically elected governments into the hands of special interests, to be used against society , to increase their stealing privileges, is not "deregulation".
Of course, again, this is convenietly forgotten and swept under the carpet by the pimps of corporate dictatorship.
It is like giving the right to criminals to sue the police for cutting into their profit making activities.
As far I'm concerned, we should have the right to report and sue stores, and of course, oil companies, to publicly justify any price increases.
Also, when companies automate and fire workers, without cutting prices, so they can increase their own profits, they should be charged with theft. Because it is theft.
By next Nov. I'll be in independent business for 50 years and would have no problem with any such laws.
Ed Deak.
BC Dude
6 years ago
Cappy is this your dream? I
Cappy is this your dream?
I would hazard a guess that TILMA is just another neocon stepping stone to the Emporer's dream of a NAU.
One North American Union Police Force, Armed Forces, Prison/Penal System for people who would exercise their rights of FREEDOM OF SPEECH and all such FREEDOMS THAT WE ENJOY TODAY.
BC Dude
6 years ago
Cappy You remind me of
Cappy
You remind me of everything that is corrupt and dirty in this whole new society that has been going on ever since the end of the Second World War!
You think Gordon (Lush) Campbell is good for this province in actual fact the only reason that he's still there is because of (CanWest) and the strong economy which has nothing do with him or his criminal cronies, he just lucked out!
The April 2nd (one day after TILMAs introduction, humm I smell a rat) court date of the Basie's (2003 B.C. Legislature Raids)
Bassie, Verke to clear their name should pull the plug on all the Rats involved in these very corrupt provincial liberals going all the way up to the federal liberals.
Hopefully will put Gordo and his crew of disgraced lap dogs out of power where they belong! They should actually be brought up on charges of treason against the people of British Columbia for selling out our publicly owned and bought for Corporations.
BC Dude
6 years ago
This is our treacherous BC
This is our treacherous BC fiberal and all of his Cowardly brownnosing lapdogs except Ms Bellemy
http://www.canadians.org/DI/issues/TILMA/backgrounder.html
NoLeftNutter
6 years ago
Wikipedia
Deregulation is the process by which governments remove, reduce, or simplify restrictions on business and individuals in order to (in theory) encourage the efficient operation of markets. The stated rationale for deregulation is often that fewer and simpler regulations will lead to a raised level of competitiveness, therefore higher productivity, more efficiency and lower prices overall.
Fiat lux
6 years ago
Removing, or reducing
Removing, or reducing restrictions doesn't mean that the beneficiaries should be permitted, or legalized, to challenge, or interfere with the free decision making process of democratic societies.
When this happens, the condition is not "deregulation" , but "reregulation" and the loss of human rights and fascism. As we have now under NAFTA and the coming TILMA, plus, plus, plus, all designed to steal our rights and ultimately our eyes out.
When somebody gets a traffic ticket, he's free to fight it in court, but not the right of the authority to set traffic laws.
With TILMA etc. society loses this right.
This is not deregulation, but crime.
Ed Deak.
NoLeftNutter
6 years ago
Bank Deregulation
Ed;
Fair enough, but my reference in this post was to your constant claims that banks are “deregulated”. That’s not the truth.
Fiat lux
6 years ago
Better study the question
Better study the question before falling for ideological superstitions.
Lots of articles and facts all over the Net on various search engines. Just type in "Money creation" and read from all sides, pro and con.
The banks' rights to loan from reserves used to be limited to $16 to $20. for each dollar on deposits.
After deregulation, in Canada's case in 1991 by Mulroney, banks could "create" unlimited amounts against the assets of the borrowers, often using the values of properties to be expropriated by the borrowers, for collateral, then account the properties as their own and create more imaginary money.
In effect, even before deregulation, somebody could borrow from one bank the inflated sums, then deposit them in another bank, which then gave the second bank the power to create 16 to 20 times of the already imaginary money and so down the line.
China recently stopped the buying of more US Dollars and bonds, as the privately owned Federal Reserve cancelled the reports of the amounts of monies "created". So, China is now selling its $3.2 trillion Dollar reserves and switches over to gold, silver and Euro holdings. The main beef against Iran is not their nuke program, but that they also stopped selling oil for US dollars.
The main reason for the Amero talks is that the US dollar is virtually worthless, their economy is bankrupt, which they're trying to cover up, with the help of our own Quisling politicians by creating a new currency against Canada's resources.
Have you ever heard of a bankrupt business, or economy, taking over a healthy one? The Harper gang may just go for it, especially if he ever gets majority.
Ed Deak.
BC Dude
6 years ago
North American Union
North American Union
Traitors of Canada and should be stripped of all citizenship and pensions!
http://www.augustreview.com/images/pics/tcm-2006.pdf
http://www.lizmichael.com/trilat.htm
Peter C. Dobell, Founding Director, Parliamentary Centre, Ottawa, ON
Raymond Chrétien, Strategic Advisor, Fasken Martineau DuMoulin LLP, Montreal, QC; Chairman of the Board of Directors of the Center for International Studies of the University of Montreal; former Associate Under-Secretary of State of External Affairs; former Ambassador of Canada to the Congo, Belgium, Mexico, the United States and France
Arthur A. DeFehr, President and Chief Executive Officer, Palliser Furniture, Winnipeg, MB
André Desmarais, President and Co-Chief Executive Officer, Power Corporation of Canada, Montréal, QC; Deputy Chairman, Power Financial Corporation
Peter C. Dobell, Founding Director, Parliamentary Centre, Ottawa, ON
Wendy K. Dobson, Professor and Director, Institute for International Business, Rotman School of Management, University of Toronto, Toronto, ON; former Canadian Associate Deputy Minister of Finance
BC Dude
6 years ago
E. Peter Lougheed, Senior
E. Peter Lougheed, Senior Partner, Bennett Jones, Barristers & Solicitors, Calgary, AB; former Premier of Alberta
*Roy MacLaren, former Canadian High Commissioner to the United Kingdom; former Canadian Minister of International Trade; Toronto, ON
John A. MacNaughton, former President and Chief Executive Officer, Canada Pension Plan Investment Board, Toronto, ON
Hartley Richardson, President and Chief Executive Officer, James Richardson & Sons, Ltd., Winnipeg, MB
Gordon Smith, Director, Centre for Global Studies, University of Victoria, Victoria, BC; Chairman, Board of Governors, International Development Research Centre; former Canadian Deputy Minister of Foreign Affairs and Personal Representative of the Prime Minister to the Economic Summit
Donald R. Sobey, Chairman Emeritus, Empire Company Ltd., Halifax, NS
Ronald D. Southern, Chairman, ATCO Group, Calgary, AB
Barbara Stymiest, Chief Operating Officer, RBC Financial Group, Toronto, ON
BC Dude
6 years ago
Former Members In Public
Former Members In Public Service
Rona Ambrose, Canadian Minister of the Environment
Richard B. Cheney, Vice President of the United States
Paula J. Dobriansky, U.S. Under Secretary of State for Global Affairs
Bill Graham, Leader of the Opposition, Canadian House of Commons
Paul Wolfowitz, President, World Bank
Robert B. Zoellick, U.S. Deputy Secretary of State
So what the hey is going on?
G West
6 years ago
Campbell's Complexion
I think it's ManTan. A lovely complement to his electric blue suit.
In fact the picture kind of gives the impression that Gordon is performing the same function Bill Vanderzalm did vis a vis Don Getty at Federal/Provincial Conferences.
He's explaining the hard bits to pee wee Rambo. Someone has to.
NoLeftNutter
6 years ago
Deregulation
Ed;
You’ve posted that speech a number of times before. You may not agree with the regulations but any industry governed by a 483 page act can hardly be said to be “deregulated”………
BC Dude
6 years ago
nln go back to your place
nln go back to your place next to cappy, mastro, non working man, etal
TILMA is just another word for Fascism!
BC Dude
6 years ago
acronyms are
acronyms are goverment/corporate ways to try and hide truth!
Did anyone watch V Palmer's interview C Hanson last night as one of the questions was about TILMA?
The continuing saga of "Prison Planet"!
NoLeftNutter
6 years ago
Dumb dude
BC Dude;
You're pathetic. Is that crap you post the best you have when you disagree with something?
G West
6 years ago
Gordon Campbell and Alcan
http://www.straight.com/article-67198/campbells-reveal-alcan-holdings
This man, the Premier of British Columbia, is so arrogant and self-absorbed that he doesn't even realize why having Alcan shares in his investment portfolio is a prima facie conflict of interest.
The worst Premier ever in this province. He makes Bill Vanderzalm look like a saint.
And now he'll direct Hydro to appeal the decision of the BC Utilities Commission.
The man should resign, now.
Fiat lux
6 years ago
The man is a puppet on a
The man is a puppet on a string, who follows orders. He'll resign when his masters order him to.
Right now, he can still deliver the goodies, people are still suckered in with his "booming economy" lies, and that's all that matters to the puppet masters.
He'll be rewarded with directorships, but if it will be for their advantage to hang him out to dry, they'll do it in a minute.
Ed Deak.
tumbleweed
6 years ago
hi folks!
Gordon Campbell volunteered in Africa before his stint in the public service. God bless him.
BC Dude
6 years ago
nln at least I post relitive
nln at least I post relitive blogs not as you put left right
The difference between is left=smart right=stupid
Fiat lux yes gordo (TILMA) is a yes man for the likes of the nazi Bilderbergs, Carlyle, etc
We are in the biggest battle for our democracy right now starting with as a world wide peace march Sat 27 07
http://www.informationclearinghouse.info/article3995.htm
http://www.thirdworldtraveler.com/Korten/WhenCorpsRuleWorld_Korten.html
doggone
6 years ago
Move on.yawn
I tried that site Elliot:
Got a "snow crash" error
RickW
6 years ago
G West
Is he capable of even knowing himself what "hard bits" are............?
DJT
6 years ago
Look Ma, no hands...
He can't be explaining anything, the hands aren't going. Come to think of it, I think this is the first photo I've seen of Campbell without his hands outstretched, bent at the elbows and his fingers splayed, like he's describing the one that got away.
Alcibiades
6 years ago
Rick W, DJT
Oh I think gordie has a VERY high opinion of himself. He even has a special set of rules that govern his own 'ethics' and behavior.