Greetings lucky patrons. In this large post I’m trying to figure out what’s going on in our banking industry. As a Canadian, i’m tired of hearing about the Federal Reserve so i’ve decided to look into our own centralized bank, the Bank of Canada.
Bank of Canada - “A special type of Crown corporation”
After the crash in the states in 1929 it was decided that Canada, like the United States, needed a centralized bank. So, small banks were taken off the market and a centralized bank came into play. “The Bank was founded in 1934 as a privately owned corporation. In 1938, it became a Crown corporation belonging to the federal government. Since that time, the Minister of Finance has held the entire share capital issued by the Bank. Ultimately, the Bank is owned by the people of Canada.”
The Bank is not a government department and conducts its activities with considerable independence compared with most other federal institutions. For example:
- The Governor and Senior Deputy Governor are appointed by the Bank’s Board of Directors (with the approval of Cabinet), not by the federal government. 2007 Salary Ranges:
| Governor |
$365,200 to $429,600 |
| Senior Deputy Governor |
$255,800 to $300,900 |
- The Deputy Minister of Finance sits on the Board of Directors but has no vote.
- The Bank submits its expenditures to its Board of Directors. Federal government departments submit theirs to the Treasury Board.
- Bank employees are regulated by the Bank itself, not by federal public service agencies.
- The Bank’s books are audited by external auditors appointed by Cabinet on the recommendation of the Minister of Finance, not by the Auditor General of Canada.” <http://www.bank-banque-canada.ca/en/about/are.html>
External auditors appointed to the cabinet by the Minister of Finance and this minister has the entire share capital? Umm, let’s look into the Ministry of Finance.
The Ministry of Finance
“The Minister of Finance (French: Ministre des Finances) is the Minister of the Crown in the Canadian Cabinet who is responsible each year for presenting the federal government’s budget. It is one of the most important positions in the Cabinet, and the Finance Minister must deal with all the other departments and plays an important role in deciding the funding levels for each.”
The Crown you say? Minister to the Crown? What is this omnipotent mysterious Crown?
The Crown
“The Crown itself is a corporation sole that represents the legal embodiment of the Executive Government. The real crowns (such as Britain’s Crown Jewels and the Honours of Scotland) are the property of the Crown, not of the incumbent personally. ‘The Crown” is an abstract metonymic concept which represents the legal authority for the existence of the government.’
The Crown, as presented in the person of the Sovereign who holds the corporation sole, is the legal authority for the existence and operations of the government in each Commonwealth realm (including Australian states and Canadian provinces).
Most operations of the Crown are directed by Ministers of each of the democratically elected national parliaments (including Canadian provincial and Australian state parliaments).” <http://en.wikipedia.org/wiki/The_Crown>
So let me get this right. We the people democratically elect our Ministers who are in turn controlled by the Crown, a corporation sole? So we are theoretically electing messengers from the Crown? Lest i digress, let’s have a look at this corporation sole term.
The corporation sole
“In English Law, a corporation sole is a legal entity consisting of a single (’sole’) incorporated office, occupied by a single (’sole’) man or woman. This allows a corporation (usually a religious corporation) to pass vertically in time from one office holder to the next successor-in-office, giving the position legal continuity with each subsequent office holder having identical powers to his predecessor.” <http://en.wikipedia.org/wiki/Corporation_sole>
O.K. So the Crown is a corporation. So let’s look into another key word in this enigma, a Crown corporation.
A Crown Corporation
“In the Commonwealth realms, a Crown corporation is a state-controlled company or enterprise.” <http://en.wikipedia.org/wiki/Crown_corporation>
But if the head of state is the monarchy, a Crown corporation is owned by the Crown. Huh?
“As such, the monarch is the owner of all state lands (called Crown land), buildings and equipment (called Crown held property),[43] state owned companies (called Crown Corporations), and the copyright for all government publications (called Crown copyright), as well as guardianship of foster children (called Crown wards), either as Queen in Right of Canada or of a relevant province,[44] in his or her position as sovereign, and not as an individual.” http://en.wikipedia.org/wiki/Monarchy_of_Canada
In other words, the monarchy is incumbent to the Crown. She is the head of the Crown but doesn’t own it. The Crown basically owns everything.
“Like any corporation, the Crown is an artificial person (in this case, coextensive with a natural person) which can own property and has certain rights as provided by law to business entities. In the case of Commonwealth realms, the rights and powers of the Crown vary from state to state, because each national or state Crown is a separate corporation sole.” <http://en.wikipedia.org/wiki/The_Crown>
Right, so we’re slowly beginning to understand that the Crown is a corporation. The head of the monarchy is the head of the Crown corporation but doesn’t own it. So who runs this privately owned corporation? After doing some more research i came across this:
The Lord Mayor
“On the day after being sworn in, the Lord Mayor participates in a procession from the City of London to the Royal Courts of Justice in the City of Westminster, where the Lord Mayor swears his allegiance to the Crown.”
O.K. So the Lord Mayor in the City of London, properly called the Corporation of London, is in charge of the Crown. Questions: Why would the Queen have the Lord Mayor take charge of her corporation? Why wouldn’t the Crown be controlled by Windsor Great Palace or somewhere like that? Why have it in the Corporation of London? If you remember your history, Royalty was overthrown by Oliver Cromwell in 1649.
English Civil War & The Restoration Period
“After the execution of the King [in 1649], a republic was declared, known as the Commonwealth of England.”
So what happened to the Crown during this time period? This is a hard fact to find but i would imagine it went to the republic under the control of parliment. Nevertheless, there was 11 years where the monarch didn’t rule the Crown. In 1660 King Charles II was reinstated as head of the Crown, but this is where history gets a bit fuzzy. From my recollection from my political science class, the monarch became a figure head only and lost almost all of it’s powers, including the ownership of the Crown.
“Charles agreed to give up feudal dues which had been revived by his father; in return, the English Parliament granted him an annual income of £1,200,000 generated largely from customs and excise dues with which to run the government.” <http://en.wikipedia.org/wiki/Charles_II_of_England>
The Crown Estate
I found this website that details the Crown Estate in England. The caption at the top states, “Property and Portfolio Management, with over a 400 year old history.” This coincides with the restoration period.
<http://www.thecrownestate.co.uk/home.htm>
Furthermore, “In the United Kingdom, the Crown Estate is a property portfolio associated with the monarchy, that belongs to the reigning monarch (at present Elizabeth II). Historically the possession of monarchs, it is now not the private property of the monarch and cannot be sold by them, nor do the revenues from it belong to them. It is managed by an independent organization and headed by the Crown Estate Commissioners.”
<http://en.wikipedia.org/wiki/Crown_Estate>
O.K. So we know our history but this is where the trail runs a bit misty. Let’s see if we can make sense of it by looking at the City of London Corporation.
The Corporation of London
“The City of London Corporation (formerly known as the Corporation of London)[1] is the municipal governing body of the City of London. It exercises control only over the City (the “Square Mile,” so called for its approximate area), and not over Greater London. “
To vote for an Alderman who votes for the Lord Mayor is no easy task. You have to be either:
And as noted above, this is just to vote for your alderman who votes for the Lord Mayor. “The sole qualification for the office is that Aldermen must be Freemen of the City.”
Freemen of the City
“In contemporary society, the award of Honorary Freedom of a City or Borough tends to be entirely ceremonial, given by the local government in many Towns and Cities on those who have served in some exceptional capacity, or upon any whom the City wishes to bestow an honour (See Local Government Act 1972) it requires a special meeting of the Council which passes the resolution by a two thirds majority.”
So you need to be voted in by the Corporation of London to become a Freemen of the City. Umm, that’s going to be a bit tough when you live in Canada or Japan for that matter.
Conclusion
The Lord Mayor of the Corporation of London governs the Crown Corporation. The Corporation of London is a unique entity with it’s own police, government, judicial system, taxes and so forth. Trying to dig up information about the Crown and the Corporation of London is hard because they are privately owned corporations and therefore they don’t have to disclose any pertinent information. How convenient. Furthermore, It’s like there is a media blanket over the whole thing. So i have had to resort to other media. I found this information from a conspiracy website. You decide.
“There are two Crowns operant in England, one being Queen Elizabeth II. Although extremely wealthy, the Queen functions largely in a ceremonial capacity and serves to deflect attention away from the other Crown, who issues her marching orders through their control of the English Parliament. This other Crown is comprised of a committee of 12 banks headed by the Bank of England (House of Rothschild). They rule the world from the 677-acre, independent sovereign state know as The City of London, or simply ‘The City.’” <http://www.conspiracyarchive.com/Commentary/Crown.htm>
In short, from the research I’ve conducted, I believe the Bank of Canada is not owned by Canadians, as stated on the Bank of Canada website, but owned by the Crown, a private corporation controlled and operated in a sovereign state separate from England called the Corporation of London. In either case, we as Canadians can’t vote for the person who controls our central bank thus making our banking system similar to the Federal Reserve – an unelected dictatorship. They are in charge of how much interest we pay and how much money is in circulation. This means they dictate our mortgage rate, credit cards, car payments, loans and so forth. They are the hidden rulers of our country and 99.99% of Canadians don’t even know they exist. I guess it helps when you own the publishing houses and all other forms of media. As the Honorable Henry Kissinger said, ” who controls money can control the world.”
Canada is not unique. There are 53 Commonwealth countries with 53 centralized banks just like the Bank of Canada. This is just the tip of the melting ice burg.
For more information about the Corporation of London and the Crown click here:
Empire of the City: The Ring of Power. This informative documentary talks about 3 Empire cities:
1) The City of London Corporation
2) Washington D.C.
3) The Vatican
Ignorance is bliss but awareness is the key to understanding.
Disclaimer: I do not pretend to fully understand this system and cannot vouch for all the information being 100% accurate. If you find any contradictions or If you have any information regarding the Crown or the Corporation of London please leave a comment.