Prudent Press


Allegations against Bank of Canada engaging in conspiracy to thwart Canadian sovereignty


A lawsuit was filed recently by constitutional lawyer Rocco Galati on December 21, 2011. The lawsuit was filed on behalf of plaintiffs – William Khrem, Ann Emmett, and the Committee for Monetary and Economic Reform (COMER). 

As Galati explains, “The challenge essentially is a two prong challenge that’s set out in the statement claim….it challenges the application of sovereignty and governance in handing over monetary, financial, and socio economic policy through finances to foreign private entities and a refusal to abide by and implement the Bank of Canada Act with respect to loans, with respect to human capital spending such as hospital, health, education, and so forth.” The second aspect of the challenge is as follows: “[The claim] challenges the government’s refusal to publish and set out the actual revenues that are collected, or collectable before the transfer back of tax credits before net revenue is calculated and announced every year”

Amoung the allegations found, the plaintiffs allege:

  1. The government’s refusal to publish revenues leaves Canadians and politicians in the dark about the actual revenues Canada collects every year;
  2. The Governor of the Bank of Canada has held secret the nature and content of his meetings with other central bank[ers] has violated ss. 91 (1a), (3), (14), (15), (16), (18), (19) and (20) of the Constitution Act, 1867, as well as s. 36 of the Constitution Act, 1982;
  3. The defendants (officials) are unwittingly and /or wittingly, in varying degrees, knowledge and intent engaged in a conspiracy, along with the BIS, FSB, IMF to render impotent the Bank of Canada Act as well as Canadian sovereignty over financial, monetary, and socio-economic policy, and bypass the sovereign rule of Canada through its Parliament by means of banking and financial systems.

Galati adds that the Bank of Canada has a constitutional duty under Section 91.5 of the Constitution Act to maintain accurate statistics. The government has a duty to maintain census and statistics.

When questioned by a member at the press conference on what the government’s next step would be in response to this lawsuit, Galati said he anticipated a motion from the government in order to strike the entire action on claims that the courts shouldn’t get into adjuticating the constitution.

A question you would probably want to ask yourselves, is where the mainstream media have been, since this issue has received no coverage. Normally the mainstream press attends to cases with involvement in legal and constitutional issues that are challenged in the courts.

Galati did not know why the mainstream media was not present for the press conference, but he added “I can’t answer for [the media]…I have my suspicions.

Suspicions indeed.

The link to the full Statement of Claim can be found here:

A video of the full press conference that Galati held can be found here: Rocco Galati Press Conference – Restore the Use of the Bank of Canada

[11-20-12] – [Statement of Claim – Bank of Canada Court Challenge]


Comments (1)

  1. Pingback: Fiat Debt-Free Reformers – Canada’s Path to Monetary Reform Pt 9Prudent Press

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