RBC passing secrets to a foreign entity as a US Federal Reserve Bank primary dealer.Corruption, World news Friday, March 23rd, 2012
Canadians can mark March 15, 2012 as the day the RBC (Royal Bank of Canada), a primary dealer for the US Federal Reserve Bank of New York, triggered the Canadian debt crisis. On March 15, 2012 the RBC Royal Bank sent out notices to their customers stating that, effective May 1, 2012, they will be unilaterally increasing their credit interests rate. Unilaterally, because the Bank of Canada hasn’t raised interest rates.
According to the Bank of Canada (link to the March 8, 2012 interest rate announcement http://www.bankofcanada.ca/2012/03/press-releases/fad-press-release-2012-03-08/) : “The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The heightened uncertainty around the global economic outlook has decreased in the weeks since the Bank released its January Monetary Policy Report (MPR). With tentative signs of stabilisation in European bank funding and sovereign debt markets, conditions in global financial markets have improved and risk aversion has decreased.”
If the Bank of Canada didn‘t raise interest rates why did RBC unilaterally raise theirs? Because RBC Royal Bank is controlled by the US Federal Reserve Bank. Yes you read right, a Canadian bank is controlled by a foreign bank – the US debt crisis causing Federal Reserve Bank. Two Canadian banks, RBC Capital Markets and Bank of Nova Scotia are Primary Dealers for the Federal Reserve Bank of New York. The same bank tax evader and current United States Secretary of the Treasury, Timothy Geithner headed as president.
The Federal Reserve Bank of New York website http://www.newyorkfed.org/markets/pridealers_current.html states – “Primary dealers serve as trading counterparties of the New York Fed in its implementation of monetary policy. This role includes the obligations to: (i) participate consistently in open market operations to carry out U.S. monetary policy (not Canadian monetary policy) pursuant to the direction of the Federal Open Market Committee (FOMC); and (ii) provide the New York Fed’s trading desk with market information (i.e. espionage – the practice of spying or using spies to obtain information about the plans and activities especially of a foreign government – Canada – or a competing company – Bank of Canada, and insider trading – the buying or selling of a security by someone who has access to material, nonpublic information about the security. Insider trading is illegal when the material information is still nonpublic–trading while having special knowledge is unfair to other investors who don’t have access to such knowledge. Illegal insider trading therefore includes tipping others when you have any sort of nonpublic information.) and analysis helpful in the formulation and implementation of monetary policy. Primary dealers are also required to participate in all auctions of U.S. government debt and to make reasonable markets for the New York Fed when it transacts (money laundering - the process of concealing the source of illegally obtained money – i.e. US tax dollars through Federal Reserve Bank bailout schemes.) on behalf of its foreign official account-holders.”
The primary dealers, Canadian RBC Royal Bank, serve, first and foremost, as trading counterparties of the Federal Reserve Bank of New York (The New York Fed) in its implementation of monetary policy. Now that the Federla Reserve Bank has bankrupted the United States with its illegal counterfeit and interest bearing, Federal Reserve Note, they are now seeking to cause a debt crisis in financially strong Canada.
The Federal Reserve Bank is implementing the same tactic that started the US Debt Crisis. Raising interest rates. There is no need for the RBC Royal Bank to raise interest rates as Bank of Canada governor Mark Carney stated that – “The Bank of Canada is getting a little more optimistic about the domestic and global economies, although growth is far from strong enough for the central bank to start raising interest rates.”
The Federal Reserve Bank of New York is determined to cause a debt crisis in Canada. It now appears that it is using its Canadian Primary Dealer, RBC Royal Bank, to implement the start of a Canadian debt crisis. The first step to causing a debt crisis in Canada is to unilaterally raise interest rates. RBC has mailed out letters to its customers, stating that they are raising interest rates by as much as 2.47%.
Canadians are already living on a very tight budget. Compounded with unsubstantiated rises in fuel cost, millions of Canadians are going to be forced into bankruptcy. All thanks to the illegal manipulation and control a foreign state bank, the US Federal Reserve Bank, has over conspiring Canadian banks. Both the Canadian Criminal Code and Security of Information Act declares that it an offence to disclose state secrets to a foreign entity. It is also an offence for any Canadian, corporation or entity to spy for a foreign state. The Canadian Security Intelligence Service Act defines “threats to the security of Canada” as:
(a) espionage or sabotage that is against Canada or is detrimental to the interests of Canada or activities directed toward or in support of such espionage or sabotage,
(b) foreign influenced activities within or relating to Canada that are detrimental to the interests of Canada and are clandestine or deceptive or involve a threat to any person,
The Criminal Code includes offences which prohibit bribery, frauds on the government and influence peddling, fraud or a breach of trust in connection with duties of office, municipal corruption, selling or purchasing office, influencing or negotiating appointments or dealing in offices, possession of property or proceeds obtained by crime, fraud, laundering proceeds of crime and secret commissions.
3.(1) Every person commits an offence who, in order to obtain or retain an advantage in the course of business, directly or indirectly gives, offers or agrees to give or offer a loan, reward, advantage or benefit of any kind to a foreign public official or to any person for the benefit of a foreign public official.
(a) as consideration for an act or omission by the official in connection with the performance of the official’s duties or functions; or
(b) to induce the official to use his or her position to influence any acts or decisions of the foreign state or public international organization for which the official performs duties or functions.
This offence is intended to apply to every person, whether Canadian or not, and within the full meaning of “person” as defined in section 2 of the Criminal Code, which states:
“every one”, “person”, “owner” and similar expressions include Her Majesty and public bodies, bodies corporate, societies, companies and inhabitants of counties, parishes, municipalities or other districts in relation to the acts and things that they are capable of doing and owning respectively.
Therefore, for the purposes of the offences under this Act, the potential accused are not limited to individuals, but may also include corporations; and under common law, corporations can be prosecuted for offences. The use of the Criminal Code definition of “person” means that the same principles of corporate criminal liability will apply under the new Act as apply to Criminal Code offences.
Security of Information Act
R.S.C., 1985, c. O-5
3. (1) For the purposes of this Act, a purpose is prejudicial to the safety or interests of the State if a person
(d) interferes with a service, facility, system or computer program, whether public or private, or its operation, in a manner that has significant adverse impact on the health, safety, security or economic or financial well-being of the people of Canada or the functioning of any government in Canada;
(j) adversely affects the stability of the Canadian economy, the financial system or any financial market in Canada without reasonable economic or financial justification;
(k) impairs or threatens the capability of a government in Canada, or of the Bank of Canada, to protect against, or respond to, economic or financial threats or instability;
(2) For the purposes of this Act, harm is caused to Canadian interests if a foreign entity or terrorist group does anything referred to in any of paragraphs (1)(a) to (n).