The Crime of the Canadian Banking System

Over the past 4 years, the Canadian people have paid $137.4 billion in interest on money borrowed from private banks whereas the Bank of Canada could legally print the public's money into existence rather than borrowing it at interest. "They've paid out this huge sum because our government has failed to abide by the law."

Bill Abram, a retired high school teacher and activist on Vancouver Island, B.C., explicates the trick of fractional reserve banking.