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What Does the Canadian Constitution Say About Money Creation? One need only examine the “Constitution of Canada” (British North America Act 1867) (appendix 1) to find the Section that describes this monetary process. Section 91 clearly states that the right to create legal tender lies exclusively with the federal government, and the Federal Government has no power of delegation of that authority. The Supreme Court of Canada ruled on exchange of jurisdiction between different levels of government in a case, Nova Scotia, and Canada VS Lord Nelson Hotel, October 3, 1950. The Chief Justice, Mr. Rinfret, ruled, “No power of delegation is expressed either in Section 91 or in Section 92, nor indeed is there to be found the power of accepting delegation from one body to another, and I have no doubt that if it had been the intention it would have been expressed in clear and unequivocal language.”
Section 91 Powers of the Parliament: Articles 14, 15, 18, 20 all pertain to the Federal government’s exclusive prerogative to create the legal tender money supply needed by the people of Canada for business and commerce. Legal tender being that medium of exchange issued by the Federal Government, used for the purchase of goods, services, and for payment of debts both public and private. Section 91 Article 29 reads: “And any Matter coming with any of the Classes of subjects enumerated in this Section shall not be deemed to come within the Class of Matters of a local (provincial) or private Nature…” This clause states clearly that the right to create legal tender or any substitute for legal tender cannot be transferred to the provinces or any institution in the private sector. Chartered banks under the Canada Bank Act have been given the unconstitutional right to operate, as they do, on a Fractional Reserve Banking System. Under this system banks can now create a substitute for legal tender affectionately called…CREDIT! Thus the law (The Canada Bank Act) that gave this privilege to the banks is of no force or effect. Credit can be used for the purchase of goods, services, and payment of debt both public, and private. A cheque used to make payment, and transfer credit from one account to another is, for all intent, and purposes, Legal Tender. The Chartered banks creating one dollar of credit out of thin air, and loaning it out of interest (USURY) can be deemed in violation of the Constitutional Act 1981. It is as much counterfeit as someone printing currency in their cellar. Both are illegal, criminal, and unconstitutional. Fred Kirkman, Colwood BC Author ISBN 1-4120-0294-x - http://www.trafford.com/robots/03-0663.html Website: http://www.incrediblehoax.com |
