• 7:14 - 10:11
Paul Hellyer | The Money Mafia, Secret Alien Alliances, & You
Bank of Canada Policy Shift, Global Debt Crisis
The Canadian monetary system underwent a significant change in 1974 when the Bank of Canada began following directives from the Bank of International Settlements in Zurich. This shift moved the country away from low-cost government-created money toward a debt-based system controlled by private banks. Hellyer argues that this "Money Mafia" monopoly on credit creation has resulted in an inescapable global cycle of interest and debt.