... and debt went from public to privately controlled by Bill Abram, a must listening for all Canadians and perhaps others. Similar things have happened in Europe and to a greater degree in the Us. Understanding Canadian banking leads to better understanding of cause of problem with other countries. Hint of a solution?

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

Part1: http://www.youtube.com/watch?v=jghiU55O5eY&feature=related
Part 2: http://www.youtube.com/watch?v=FyHpaHo71mQ&feature=related
Part3: http://www.youtube.com/watch?v=1ixeDP5LEEQ&feature=related
Part4: http://www.youtube.com/watch?v=hLtretltL3I&feature=related...