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BUYING THE BANKS IS WARRENTED AND WILL WORK
Issuing a "new" National currency, buying-out all shareholders, in all Chartered Banks and have The Crown own 100% of each, is the constitutional, legal and viable way to go. In this way, the Banks remain intact, operating as Agents for the National Treasury, Government and Customers, under open management offering a choice of service.
Based upon guesstimate data as at September 1, 1999, but using rounded-out figures to best illustrate concept and simplified mechanics (E&OE)
Amount of debt owed by all levels of government to Chartered Banks $ 300 billion
Amount that can be written-off upon acquisition of Banks 300 billion
Net residual national and public debt owed to domestic Chartered Banks nil
Cost of acquiring all outstanding shares at current Stockmarket prices Cost of monetizing national and public debt due to foreign lenders
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Cost of producing "new" currency, change-over and related administration expenses Allowance for other contingent and unbudgetted expenses
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| MAXIMUM GROSS COST TO NATIONAL TREASURY
MINIMUM GROSS VALUE OF ASSETS ACQUIRED - Capital + 30 years' profits
NET, NET VALUE OF ADDITION TO LEDGER OF GROSS NATIONAL ASSETS
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40 billion 600 billion 20 billion 40 billion
| 700 billion 4,000 billion
3,300 billion
Enough to award to 33 million Canadians a recovered refund dividend each of $ 100,000 through Tax-free distribution and/or deferred taxes for decades to come.
There is no justification, reason or vindication for government policies of debt, counterfeit currency, inflation, money shortage and excessive taxation.
As soon as Canada restores sovereign banking, constitutional, National money creation, supply and distribution, Canadians will be employed, productive, prosperous, self-sufficient and secure as well as being healthy, wealthy and wise.
Contemporary practices of allowing Privateers to foist their conjured pelf as currency and credit, then convert it into obscene profits and plunder using corporate methods of abuse, creative fraud and hoax must be repudiated in order to achieve return to sovereign integrity.
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