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  • Home
  • PMC Podcast
  • Money Creation
  • Money Myths
  • Banking Pros and Cons
  • Letter to Parliament
  • Our Central Bank
  • Money Creation by the BoC
  • CBDC
  • Our National Debt
  • How can we do it better?
  • Hyperinflation
  • McGeer examines Towers
  • Textbook Fallacies
  • Documents
  • communications BoC/OSFI
  • Doughnut Economics
  • Debunking MMT
  • Links
  • Update Archives
  • Videos and Updates
  • About Us

introducing Christopher Greyson-Gaito

November 8, 2020,    

The ever increasing gap between the rich and the Poor

Nov.2, 2020

 In 1966 my father bought a house in Surrey B.C. for about $14,000.00. At the time his income was approx. $8,000.00 per year. The ratio of the cost of the house relative to income was about one and three quarters. That same house was assessed in 2019 at over $866,000.00 and the average income per year for the same job as my father had was about $70,000.00. The ratio of the cost of the house now is about twelve and a half times the annual income!  

PM UPDATE MAY 7, 2020, BOC CREATES 261 BILLION DOLLARS

Bank of Canada Creates 261 Billion Dollars in 6 Weeks

The Bank of Canada continues to provide funding for the following programs the Provincial Money Market Purchase program (PMMP), Contingent Term Repo Facility (CTRF), Bankers’ Acceptance Purchase Facility (BAPF), Standing Term Liquidity Facility (STLF).   261 billion dollars have been created so far, is it necessarily a bad thing? Given our current banking and financial system, I don’t think so.  

The Bank of Canada’s responsibilities could be expanded to include direct funding of programs beneficial to the general public which would be consistent with its present mandate to promote the economic and financial welfare of Canada.  Austerity is not an option!

PM Update April 22, 2020

Bank of Canada resumes publishing its balance sheets

  

I just checked the BoC website and they have resumed publishing the weekly and monthly series balance sheets again but they do warn that there may be delays in posted certain data submissions. I am keeping track of all the BoC funding and operations for future reference. Using the current weekly series and comparing it to when the first expansion of the balance sheet (let’s call it what it is, money creation) started which was around March 18, 2020, they have created over 195 billion digital dollars. You would think this would be a huge story, however, the press just like the majority of the public do not understand how the money creation process works or who it benefits. I am not a conspiracy theorist but based on my own experience when researching or directly asking questions to authorities about how the money creation process works there seems to be reluctance on their part to acknowledge the reality of it. 

https://progressivemoney.ca/communications-boc%2Fosfi

Bank of Canada link to its balance sheets:

https://www.bankofcanada.ca/rates/banking-and-financial-statistics/

Bank of Canada creates 155 Billion Dollars in one month

 Money creation by the Bank of Canada to purchase securities and provide loans to commercial banks.  April 9th update: https://progressivemoney.ca/videos-an... 

 Money creation:https://progressivemoney.ca/money-cre...

Another round of QE: https://progressivemoney.ca/another-r...

New ways of doing business: https://progressivemoney.ca/how-can-w...  


Pm update April 9, 2020

Click image to access Positive Money UK

MAJOR BREAKTHROUGH ON PUBLIC MONEY CREATION

 UK central bank becomes first in the world to adopt direct monetary financing to fund government spending during the coronavirus crisis. This move demonstrates once and for all that the government need not depend on private markets to finance its spending.  

PM update Sun. April 5, 2020 covid 19 Risk

PM Update April 5 (pdf)

Download

Pm update Wed. April 1, 2020 Covid 19

  

Bank of Canada (BoC) uses language to hide the money creation process for Covid 19 relief.

Bank of Canada Covid 19 (pdf)

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Pm update Sat. Mar. 28, 2020

PM Update Mar. 28, 2020 (pdf)

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pm update sunday Mar. 22, 2020

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