Bank On Canada Rally Video

Here is a video of the Bank on Canada Rally  from

From Austerity to Prosperity Through Proper Use of Our Publicly Owned Bank of Canada

Passionate speakers and energetic youth were a strong presence on the steps at Parliament Hill in Ottawa on Saturday, June 1 2013. At stake is our financial future as a sovereign country and we are urged to take action now.Hugh Jenney came to speak to the issue of cuts to community hospitals and to say that public non-profit hospitals in Ontario are what we need – not privatized P3 hospitals. Jerry Ackerman presented an open letter to Finance Minister Jim Flaherty reminding everyone of the benefits of using our own Bank of Canada. Anne Emmett,representing us in a law suit against the Canadian Government for not using the Bank of Canada, said we had a stark choice to make as we move into the future. Finally The Right Honourable Paul Hellyer rose to speak. After we marched to The Bank of Canada and gathered on the front steps, he read out his Manifesto for a New Social Contract Between the Government and People of Canada.

UPDATE Bank On Canada Rally Parliament Hill

The following is the unedited version for the letter to the editor sent to the Frontenac News published on Thursday  June 6th urging citizens to take action.


On Saturday June 1, on Parliament Hill, a Rally to Restore The Bank of Canada and  demand government-created DEBT-FREE money took place. Gathered was a group of presenters, among them, The Right Honourable Paul Hellyer, past deputy prime minister and Canada’s longest serving parliamentarian. He spoke about his Manifesto for a New Social Contract between the Government and The People of Canada and later read the actual text to the group in front of The Bank of Canada. Ann Emmett who is representing us all in the 2011 lawsuit against the government for not using our own bank, the Bank of Canada gave an update on that situation and amazed us with her energy and punchy lines. Hugh Jenney addressed the forcing through of P3 Hospital Privatization without public accountability. Jerry Ackerman, financial analyst and public banker arrived with his pitchfork, as promised, with a poster attached that reads Vote Down this Forked Tongue Budget. Security promptly confiscated his pitchfork, but the episode strengthened his position as he took the microphone and stated the contents of his open letter to Finance Minister Flaherty in front of a crowd of about 80 listeners.

This rally was organized by COMER Committee On Monetary and Economic Reform athink tank of Canadians concerned about money and debt. According to the guests who spoke, returning The Bank of Canada to its position as primary lender to our government is the only way to help ourselves and our country move toward prosperity and away from the problems we and other nations are experiencing now.


As Canadians we are all shareholders and collectively we own the Bank of Canada. It is supposed to work for us by creating debt-free money which our government borrows from it and spends into the economy. It is non-inflationary and we don’t end up paying compound interest on any debt. The Bank of Canada was nationalized in 1938 and it is empowered “to regulate credit and currency in the best interests of the economic life of the nation”. Up until 1974 it did a great job of this and among many other accomplishments, it allowed the construction of the Trans-Canada Highway, and the St Lawrence Seaway. As well it provided for our Public Health System. Today our youth could have employment and less student debt if those policies were in still place. In 1974 the debt started to shoot up. Canada had joined the G7, and suddenly with no advice or parliamentary change, the Bank of Canada stopped working for Canadians and instead became a planning committee for the Bank of International Settlements (BIS) in Europe and from that time on our government has been borrowing from private banks and paying interest just the way individuals do. That’s why there is now a huge debt, currently $581 Billion (and THIS IS WHY our government now says… Hey, we can’t pay off all this money so you people of Canada will now have to take job cuts, cutbacks, closures, and turn your public institutions, owned by you, over to private corporations. The name for this is Austerity.) We could have no debt but instead we have been forced to pay one trillion dollars in unnecessary interest and it didn’t have to be that way. We could have done a lot for our citizens with that money. We run the risk of being slaves to a debt money system run by private banks if we lose the power to control our own monetary policy. “The current path we are on is environmentally destructive, morally wrong, and ethically corrupt,” says Jerry Ackerman, and he suggests that Canadians should be asked in a referendum if they want to spend $89 billion on nuclear bombers (Latest US estimate for 65 F-35s).

Here’s what some of the speakers had to say about Canada’s situation at the moment.

Ann Emmett:

“Being robbed isn’t really news, but when what is stolen is a BANK, it should be big news! And why don’t we know about it?” The media.

“It’s a defining moment in history. A whole new society can be built…all the ideas are there.”

“Can you think if anything more absurd than to give up People and Planet for dollars?”

“It’s a stark choice we have now- do we want to be citizens in a democracy or serfs in a new world order?.”

Ann Emmett with The Right Honourable Paul Hellyer, Canada’s longest serving parliamentarian and past Deputy Prime Minister

Ann Emmett with The Right Honourable Paul Hellyer, Canada’s longest serving parliamentarian and past Deputy Prime Minister




The Right Honourable Paul Hellyer, Canada’s longest serving parliamentarian and past Deputy Prime Minister

The Right Honourable Paul Hellyer, Canada’s longest serving parliamentarian and past Deputy Prime Minister

Paul Hellyer:

“Our government may soon be signing CETA (Comprehension European Trade Agreement)…possibly in two weeks time. Take action now. Call you representatives and tell them to start representing us!”

“We need a new social contract between the government and the people of Canada, and we should NOT compromise our Canadian banking system to CETA…if that happens we will lose the right to control our own money, and Canada will have to comply with European banking regulations…this will be treason.”

Jerry Ackerman

Jerry Ackerman with his forked tongue budget placard. Without his pitch fork that was confiscated by the RCMP.


Jerry Ackerman Speaking at the rally.
Jerry is a financial analyst and public banker. He is also the visionary for the websites and


More photos




Go to to learn more about the organization and the lawsuit against the government.

Paul Hellyer’s Manifesto for the New Social contract

check out Victoria Grant on Youtube. You will be amazed.

Carol Pepper

Let’s gather on Parliament Hill June 1st


Noon Saturday June 1 on Parliament Hill 

From Austerity to Prosperity

Through Proper Use of our Publicly Owned



Hey all you Occupiers, Gardeners, Economic Reformers, Rebel Rousers, and Intellectuals,

The Committee on Monetary and Economic Reform invites you to join us in the Bank of Canada Rally for Monetary Reform and Economic Justice Now!

Join us around Noon Saturday June 1 for a Rally on Parliament Hill in Ottawa, followed by a 2pm March to the Bank of Canada.

We will start the on the Steps of Parliament around 12:15 with speakers including The Right Honourable Paul Hellyer, Canada’s longest serving parliamentarian and past Deputy Prime Minister, Ann Emmett, and others. We will then proceed to march on to The Bank of Canada Office for 2 pm with Paul’s Manifesto in Hand.



More information and travel arrangements from Toronto to Ottawa are available (COMER Facebook site:

Latest Report from COMER journal

(Paul Hellyer’s Manifesto)


IT’S TIME TO ACT and TAKE BACK CONTROL OF OUR LIVES…….This is what most thinking Canadians want to do …….

Take Back control of our lives. We search for ways to rescue ourselves from political forces that serve only the interests of the banks and corporate businesses.

The older of us with good memories recall the 1940s , 1950s ,1960s as the time when a jobless economy was followed by full employment, followed by benefits for returning veterans, universal health care, family allowances and major public works (a seaway and the Trans-Canada hwy). Inflation was of little concern, and the nation’s debts were easily managed.

Those of us who have studied the reasons for the prosperity during those thirty years understand the wisdom of borrowing from our own bank –the Bank of Canada–so that the money created gets spent into the economy and any interest charged is returned to the federal treasury. Otherwise, the government runs deficits, borrows from the chartered banks and pays the going rate of interest. Each year’s deficit gets added to the nation’s debt and the compound interest becomes an ever larger portion of the annual budget.

Since the mid 1970s, our federal governments have failed to operate in our interest. They have allowed banks to de-regulate — removing most restrictions on required reserves, interest charges and term limits. Joining the G7 included abiding by the stricture of the Bank for International Settlements forbidding the borrowing from our own central bank. The consequences? Runaway inflation in the late ” 70s, interest @20 %, globalizing our economy and handing over control of our nation’s resources and businesses to global powerhouses that corrupt national governments and ensure that only THEIR interests are served. Canada’s debt stands now at nearly $600 Billion. We pay $160 Million every day in unnecessary interest. (since 1974 –ONE $Trillion!)
So, what’s to be done? Who-How-Where and When can we force the changes that will benefit every Canadian? Please don’t suggest that we work to change this political party two years hence. Before then, omnibus legislation will have destroyed opportunities for real change. Disastrous unfair global trade agreements will remove any recourse. Our environment will be sacrificed and dissent will be further criminalized. The captive media will offer “Orwellian” propaganda.

Instead, let’s ACT.
Let’s gather on Parliament Hill June 1st with our posters, placards and pitchforks. That’s the first day for the new governor of the Bank of Canada. We can tell him what we expect of him. Paul Hellyer has notified our Minister of Finance of our demands. Ann Emmett –representing us all in the lawsuit against the government for not using our bank will be there.