Rocco Galati and the lawsuit against the Bank of Canada

Colourful and controversial. Rocco Galati isn't your average advocate. He's a kind of legal David, known for tangling with Goliath-sized courtroom opponents. His peers seem to approve. Electing him to the bench that oversees them. His latest case may his most contentious of his career.
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For more than 75 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.

[@freddykrueger5503]

One of Canada's greatest lawyer.

[@smartchip]

Freddy Krueger A patriot and a national hero, get the guy a statue and a key to the Country, put him into the history books,

[@pumas2288]

Where is he know?I heard he was sick but no any news a few month...

[@johnemonroe]

@@pumas2288Rumoured to have been in hospital with covid. He is back trying to file court cases for conspiracy theorists and having them thrown out again, this time for the anti vaxxers.

[@cathiereid150]

An honourable lawyer ... who should get a judicial appointment.

[@duderama6750]

He's better as a fighter than a fatcat.

[@GroovyCanadian]

Rocco Galati is a great man doing many great things! Thank you sire you are a hero of the people! Wish there were more good men like him in this world.

[@BCFalls1]

Thank-you CBC for this interview, most mainstream will not touch it. Freedom!

[@evelynjoyce]

Corey Falls The Toronto Star covered it before she did.

[@Speedian]

evelynjoyce Yeah, but that's a city news paper not a national news cast.

[@walperstyle]

Corey Falls funny you glorify CBC for this, yet they are a product of the CRTC and our tax money, lol.

[@walperstyle]

CBC tries to support big government, because big government funds them, so when someone is going against big government, they hide it.... but CBC can't hide everything as it needs to give the illusion of being impartial, lol, yeah funny, those two words don't go together.

[@Hpencer]

CBC is owned by these same globalists that own Canada's banking system.

[@dannepraunig7828]

Rocco for Prime minister. For the People

[@ginettec5927]

@@troysmith420 😂

[@gracebaxter9998]

I love that idea!

[@lisa-marieshy9673]

Especially now!!

[@rachellankester7222]

Where is the whole interview? Rocco Galati is a Cdn hero.

[@leddsaliva]

R. La The last 90s that were cut are the most important! www.cbc.ca/i/caffeine/syndicate/?clipId=2666703865

[@Brian-gx7yx]

NOW THIS LINK IS BLOCKED

[@jaimefernandes73]

@@leddsaliva Thank you for this!

[@celinelubelski]

@@leddsaliva thank you

[@celinelubelski]

@@leddsaliva weirdly, I can access the video but not share it...?

[@jennifermoulton9289]

You’ve paid a high price for what you do, but, you are a HERO to us! Special place in heaven for people like you. Honest, caring, adhering to your principles…and oh, so courageous. Thank you from the bottom of my heart!

[@traejaxen]

What happen to Rocco? Haven't heard anything from him since he went after gov regarding vaxx mandates

[@joannablitt8917]

Thank you for standing up for Canada.

[@lovepalawan]

Good vvork Mr Galati. Good to knovv you care and keep the politicians accountable.

[@bobbobroski4253]

kara biber missing 'w' key?

[@PaulEnotbuyingit]

+BoB Bobroski ,,yep, the departing clinton administration stole all the whitehouse W keys as a 'joke'

[@bobbobroski4253]

***** Muah..ha...haa.

[@andrewchan4031]

Society is still asleep when it comes to central banks. They never question monetary policies, dont care where money comes from and are ignorant of how private central banks are run. Real money should be printed by the government, not a private cabal, and there should be a constitutional amendment limiting how much money can be printed so that inflation (a silent taxation) wont rob people of their wealth every year. An honest currency of limited supply should NEVER experience inflation, just like gold. ( at most its value should fluctuate up and down because of market forces but NEVER constantly getting inflated!)

[@gogogogogogogogo1986]

Well said

[@abdurrahmanmuhammad9707]

Thank you Mr. Galati, God bless.

[@etniks69]

AMANDA LANG thank you for bringing this issue to be discussed. When you were asking "why are you interested in this arcane matter"?...... I like to remind you are a Canadian speaking for the CBC, a CANADIAN'S funded network, and the salary you're getting comes from the very same TAXPAYERS who pay the 200 million dollars EACH DAY in interests alone of that debt. So it's of great importance to all in Canada to sort this matter. It's of course not "arcane" to deal with such fraudulent matter of interest payments to the Private foreign banks who create our Money Supply. It's not "arcane" to save that badly spent tax money. We need to protect and inform the Canadian Taxpayer to help us pay all CBC salaries.

[@JulienDeon]

what a very informative and education segment! Thank you CBC and Amanda Lang for a great interview and Mr Galati for Standing up for Canadians and the constitution!

[@pierrececile9611]

Rocco Galati explaining Conspiracy theory to a propoganda puppet...classic

[@balzirus]

This need way more coverage!!!

[@musicseedsinternational999]

please help it get more coverage.

[@andreecouture8325]

Je partage, I share this video......for it to get more coverage.

[@johnadams481]

@@andreecouture8325 f to ggggyy

[@zeeek1]

@@andreecouture8325 It is all over. We lost unfortunately. We lost over one word; the word "may". In the constitution it says we "may" use our bank but not that we have to. Our constitution needs to be stronger in this regard.

[@johnemonroe]

It is the Bank of Canada Act, not the constitution. The constitution says nothing about the Bank of Canada. Much of what Galati claims in this clip is false. The Bank of Canada still lends to the government the same way it did before 1974. It never held more than 25% of the federal debt.

[@guylemay1471]

This is indeed one of the most important issue Canadians are facing today - I wish him well!

[@johnemonroe]

It is over. He lost.

[@EddySmith85]

We need him to fight this criminal tpp trade agreement

[@MelioraCogito]

FFS CBC... you cut off the interview? Really?

[@cathywhite4114]

MelioraCogito www.cbc.ca/i/caffeine/syndicate/?clipId=2666703865. Here is the link for the ending

[@marcillioficino4663]

We need heroes like this in the U.S.

[@richardwigeland2074]

Ron Paul Liberty report comes close!!

[@lawrencelal1]

I WANT TO SUPPORT ROCCO GALATI. I'M WITH YOU.

[@PoliticalJunkie99]

The Progressive Canadian party supports the Bank of Canada and bringing it back. People should tell their friends, run for it, and support the Progressive Canadian party. One seat would bring back independence to the House of Commons and such a debate would force the mainstream parties to change.

[@FeelgoodMusic88]

Rocco Galati, you are amaaaazing!! We need more Canadian heroes like you who care so much for Canada and its people. God bless you!

[@fvittini]

Thanks for what you're doing Mr. Galati. We need more lawyers like you here. It's a shame this case has been going since 2009! why is our justice system pushing this back? 8 years has gone down and still nothing. Aren't we supposed to be a Democratic and free country where the "Rule of Law" prevails?

[@etiennebelair2304]

I really love your works M.Rocco Galati You are one hell of a lawyer !!!!!

[@cooperrosa]

Rocco Galati is an amazing LAWYER and human being. This world need more people like him.

[@r.gabrielleberry3135]

The best Constitutional Lawyer in Canada.

[@johnemonroe]

That is the myth many of his followers believe. In fact he lost this case and made many false unsubstantiated claims in this video. I would have thought a good lawyer would at least get his facts right.

[@yanyu8989]

this man needs armed guards at all times he's the only real chance any of us have at freedom.

[@Anastasia91000]

❤️ Love Mr. Galati tenacity. It's great when someone stands up.

[@ut18729]

this man should be are next prime minister

[@teclishighloremasteroftota2550]

I'm shocked that CBC would interview him lol

[@johnemonroe]

I was shocked she didn’t do her homework before interviewing him. Half of what he said was false and she didn’t challenge him on any of it.

[@milezeroisland]

Can you explain which points were false? I've been interested since Paul Hellyer tried getting attention to this when he started the Canadian Action Party.

[@666Ekinox]

This guy is a hero!!!

[@dasonheath5652]

wish we had more men like this guy He uses his skill to ensure the law is upheld. he is not a mouse and cannot be paid off. My thumbs up to such a man.

[@dougmcgillis]

Thank you CBC for producing and airing this most important news.

[@wadeharten6600]

I never thought my hero would be a lawyer. Hope you are around long enough to get this one over the goal line.

[@NTycingProductions]

Respect to you Mr Galati. we need more people like you, that actually care about our rights in Canada. I wish we had politicians like you!

[@ArmAVidz]

Thank you for posting! Reposting! Go get them! For ALL Canadians!

[@richardwigeland2074]

You have to love this guy!!!❤

[@mard9802]

Sir, if you run for Prime Minister, I'll vote for you.

[@bobbobroski4253]

Thank you CBC!!

[@gregmann410]

Thank you for some real info in Canada a tough find

[@koularafailidis6330]

Very few men possess qualities of honour; Rocco Galati appears to be in the class of the few.

[@15past2]

There are very, very few Lawyers who are ethical with integrity and place their own personal vested interests ahead of the general well being of the people of the country. Galati is one of those extremely rare diomands! To gain control of the last arm of government the Judiciary will have appointments that favor the world bankers. We need to curtail and reverse their crippling and destructive goals.

[@thomaswilson8543]

dear Mr Galati. On behalf of myself, family and friends. and I would assume all Canadians. Thank you! I wish I could help

[@rebaav]

This seems to be cut off, is there someplace where the full interview can be viewed?

[@timchauvin3320]

Thank you Mr. Galati!!!

[@jimmywilliams8045]

This man is a people's champion!

[@pumas2288]

I love to listen when he speaks!

[@johnemonroe]

Just don’t believe what he says. It is mostly false.

[@cyros3]

Mr. R. Galati, This World need more people like you!!!! You remind me of Prometheus who gave the fire to Mankind!!!!

[@willyoujustrelax8236]

This guy is awesome... I'm sure it never aired.

[@billbudd5160]

thankyou Rocco - you are the best

[@aebniala]

Thank you Rocco....................

[@timwoytula5416]

Wish , more of Canada's lawyers develop some back bone and stand up for people and human rights.

[@denissaintdenis8429]

Bravo Rocco. Please pursue this suit as strenuously as possible.

[@FlashOfFireflies]

Where's the ending?

[@oliversmith977]

I admire this man.

[@guslapinski4854]

It's the "ROCCO A GOGO" show. I love this guy. " Stack the court and corrupt the judiciary" Watch the full vid on Bing.

[@wolfgangr.6619]

What --- CBC WHY DID YOU CUT OFF THIS INTERVIEW

[@marcusjaybrode2129]

The Supreme Court heard the case, and REJECTED it.

[@johnemonroe]

After the lower courts ruled against Galati five times.

[@jackdaniels7488]

@@johnemonroe Of course they did, they're all pro Canadian citizens and workers paying billions of interest on interest to the international aristocracy forever, and lowering the standard of living. Great people.

[@johnemonroe]

Jack Daniels The courts simply applied the law as it is written. No law requires the Bank of Canada to lend to the government, and certainly no law requires it to lend more than it already does.

[@jackdaniels7488]

@@johnemonroe They're simply traitors and crooks, allowing Canadian workers and tax payers to be robbed, yearly, by an international banking aristocracy, because they don't believe Canadians are worth anything better than being debt live stock for the aristocrat class..

[@jackdaniels7488]

@@johnemonroe It's clear that growing public debt and the interest payments that follow can consume a significant share of revenue and limit a government's ability to spend in key areas or lower taxes.

[@Katmandu82]

why is the end cut off?

[@CM-id3gg]

A Canadian hero. Press ahead with this fight.

[@lmjak]

This guy needs a medal.

[@pax256]

Why is this clipped at the end?

[@cathywhite4114]

Pierre Cyr link to ending. www.cbc.ca/i/caffeine/syndicate/?clipId=2666703865

[@robsummers8210]

Hmmmm. Wonder why the video ended so suddenly? Almost like the video was cut short. Curious... Rocco is one of the great Canadians. My eyes have been opened by him and Ann Emmett. It is of utmost importance that WE, that is, each one of us who knows what is going on, spread the word about what he and others like COMER are trying to do. GRASS ROOTS is where the real power to change lies Canada CAN be great again. (Apologies if that sounded Trump-ish!)

[@Jenkins5950]

I love this man!

[@orangedac]

11:25 Pay attention Canadians. In today's headlines : "Justice minister names 24 new judges, unveils new appointment process"

[@itts]

What is the state of the lawsuit at this time?

[@johnemonroe]

It is over. Rocco Galati and COMER lost all five times a court ruled on it and in 2017 the Supreme Court refused to hear their appeal. Much of what Galati claimed in this interview was wrong. The Bank of Canada still lends to the government the same way it always has. Its mandate was never to lend interest free to the government.

[@X7373Z]

This was good, but why did the video cut out at the end there? It's like there was more but it all just got cut. Did someone lose the original footage or what?

[@killakain100]

over a minute missing, watch here www.cbc.ca/player/News/Business/The+Exchange+with+Amanda+Lang/ID/2666703865/

[@X7373Z]

i know too much Thanks.

[@leddsaliva]

i know too much or here if that disappears: www.cbc.ca/i/caffeine/syndicate/?clipId=2666703865 If anyone can capture the whole interview and repost it...

[@X7373Z]

It's all good, I saw it in it's entirety.

[@paulducharme60oo]

Tell everyone!

[@ryemc915]

AWSOME!!

[@ryemc915]

PEOPLE SHOULD BE SENDING THIS GUY MONEY !! THANK YOU ROCCO !!! YOU DA MAN !!!

[@mauriceldisgreecanadahaspr9560]

yes Rocco Galati is good man keep fighting keep fighting keep fighting Rocco Galati from Maurice

[@giseliapereira5914]

Cut short....hmmm

[@russburton6262]

real canadian hero

[@Tomkinsbc]

I have talked to many people about this over the years, and it continues to amaze me, as to how many people do not understand that this is really happening. When Justin Trudeau won the election, he was presented with a petition for the return of the functionality of the Bank of Canada to what it was prior to 1974. It was in the early months of 2016 and it was outside when he was confronted by a reporter , as to if he would address the petition. If never made any statement and walked away very quickly. If he had walked any faster, I sure it would have been a full run. I heard the Supreme Court of Canada refused to hear the case and said it was political. Think that was just BS.

[@johnemonroe]

The petition was addressed by the Finance Minister. What Galati claimed never happened. The Bank of Canada still lends to the federal government the same way it did before 1974. It did not stop. It never really lent to the provinces or municipalities. That is all well documented from a number of sources.

[@johnemonroe]

Derek Turner Here is the Finance Minister’s response to the petition. www.ourcommons.ca/Content/ePetitions/Responses/421/e-337/421-00858_FIN_E.pdf Here are three links to information on federal debt held by the Bank of Canada. www.fin.gc.ca/dtman/2017-2018/dmr-rgd1801-eng.asp#_Toc526251686 chart 9 and the text around it www.bankofcanada.ca/wp-content/uploads/2019/03/annualreport2018.pdf page 86 www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1010010801 click on add/remove data to see older data. These show that Bank of Canada holdings of federal debt increased from $6 billion in January 1974 to $104 billion in April 2019. There are links to all five lower court decisions on the COMER case in the references in this wikipedia article. COMER’s claims were ordered struck all five times. All they ever won was the right to rewrite their claim and try again after it was struck the first time. By refusing to hear their appeal the Supreme Court let stand the lower court ruling throwing out COMER’s claim. en.m.wikipedia.org/wiki/Committee_on_Monetary_and_Economic_Reform Here is a link to the Bank of Canada Act. Section 18 allows the Bank of Canada to lend to the federal or provincial governments. It uses the word may, which means it is discretionary, not mandatory. It does not allow it to lend to municipal governments. It says nothing about the interest rate or purpose of the loans. laws-lois.justice.gc.ca/eng/acts/B-2/

[@stefall27]

No update since 2015???

[@johnemonroe]

Stef All Galati and COMER lost all five times a court ruled on the case, and in 2017 the Supreme Court refused to hear their appeal. Much of what Galati claimed was false. The Bank of Canada still lends to the government the same way it has since 1935. It did not stop in 1974. In any case no law requires it to lend to the government.

[@dorisstevens6829]

And look what we have now, wow, some people saw that coming for a long time ⌛️

[@soldier1661]

GO ROCCO GO!

[@russburton6262]

As rates rise Canada 🇨🇦 will go insolvent why are our banks in USA now?

[@maxwseven]

I really wonder why we don't see the equals amount of thumbs up as views and who would be the people representing the thumbs down ? Also one thumbs up for the CBC who made this available to the public. Thank you Mr, Galati... I also wonder if you will ever be mentionned somewhere, in our futur history books of Canadian History.

[@johnemonroe]

The thumbs down are from people who know what Galati is saying is false. He lost five times. The Bank of Canada never stopped lending to the government, it still does.

[@kentwoodard2877]

A true hero.

[@ryemc915]

Going after them now !!

[@JollyRoger150]

wow great editing where he just gets cut off

[@GCOSO]

Now he's fighting covid for us. A true Patriot

[@johnemonroe]

He is not fighting covid, he is fighting on the side of covid, fighting against vaccination, social distancing and masks.

[@johnemonroe]

Jake There are almost a million already who aren’t.

[@wadeharten4676]

Firstly, I love Amanda Lang but i'm extremely disappointed in her naivete on this subject. Secondly, it was Pierre Trudeau who was in power in 1974. Considering who's in power now, I don't see the case coming to a conclusion any time soon. Hang in there Rocco!

[@johnemonroe]

With a bit of research she could have hung him out to dry. Much of what he said is false.

[@EroomYrrah]

she is a bullshitter

[@ullrichfischer5796]

This guy needs to set up a gofundme account and run for Prime Minister!

[@prisoneroftech2237]

This man is a hero. Lifting the veil off falsehood.

[@xunk16]

This man is a genius! May he succeed for us all.

[@johnemonroe]

The man is a lawyer, trained to talk and sound convincing even when what he is saying is false.

[@xunk16]

And your source on the counter opinion is?

[@johnemonroe]

xunk16 My source is the numerous false statements he makes in this video and others. Galati and COMER lost all five times this case was heard by a court. The Supreme Court turned down their request for an appeal. The purpose of the Bank of Canada was never to provide interest free loans to governments in Canada. Its purpose is spelled out in the preamble to the Bank of Canada Act. Section 18 of the Bank of Canada Act allows the Bank of Canada to lend to provincial and federal governments. It has never required it. The private sector (banks, insurance companies, pensions, businesses and individuals) has lent to the government since 1867. The Bank of Canada has only rarely lent to provinces, but it has lent continuously to the federal government since 1935. Its holdings of federal debt increased from $6 billion in January 1974 to $106 billion in October 2018. The Bank of Canada never specifically funded the projects listed by Galati. It has always lent to the government for general government purposes. Galati has produced no evidence for his allegations about the BIS. The Bank of Canada is not the only public central bank in the G8. The Bank of England, Bank of France, Bundesbank, and Bank of Russia are all fully public. The Federal Reserve is not a private bank like the Bank of Montreal or TD Bank. It has aspects of a private bank like shareholders who get a fixed 6% dividend on their shares, but the president appoints the directors and almost all the profits are paid to the US treasury. Obama did not give the federal reserve $800 billion interest free. It was borrowed and interest was paid. Similarly in Canada, the loans CMHC bought from the banks were not “toxic”. They were insured performing mortgages that hav since been paid. CMHC made money on them. The money Canada’s banks received from the Bank of Canada was also not a gift. It was a loan and interest was charged. It has been paid back.

[@Sexy1983Bitch]

They should have to pay all the interest back. They did so much damage to our economy. They basically set everything up for the fall we are having right now.

[@johnemonroe]

First you have to prove “they” did anything illegal. Galati was unable to do that.

[@Sexy1983Bitch]

@@johnemonroe it would hard to prove anything in court. It's not really based on whether someone is actually guilty or not, it's based on who has more money to spend in their defence.

[@johnemonroe]

@@Sexy1983Bitch You also need evidence, and Galati was not even able to show he had any evidence.

[@mosampson8862]

It's the same people behind th e gr ea t re se t. spaced those words on purpose.

[@Sexy1983Bitch]

@@mosampson8862 the system is no longer just broken...uts falling apart completely.

[@freddykrueger5503]

Update : September 2015The next court date for this lawsuit will take place on Wednesday, October 14th at the Federal Court Building at 9 am. Its located at 180 Queen St. West (one block west of University Ave). Please show up to support Rocco.

[@rogerturbines4635]

what happened?

[@johnemonroe]

COMER lost again. They appealed. The appeal was heard December 7, 2016. They lost that appeal and have asked to appeal to the Supreme Court.

[@freddykrueger5503]

You can flush the Constitution and any faith in the legal system down the toilet if COMERS ends up losing this in court. What it will mean is that laws can be sh&t on by banksters as and when they please and you are nothing more than a serf in a corrupt governmental & now judicial system.

[@johnemonroe]

Freddy Krueger COMER has yet to show any law was broken

[@freddykrueger5503]

The charter of the Bank of Canada is to make interest free loans to the govt. Why then does the govt insist on indenturing the nation into interest baring debt to private bankers? The nation has paid out hundreds of billions in interest payments alone to private banks which are little more than rent seeking scammers adding zero value to any enterprise. The theme in both the US and Canada is for parasitic banksters to bribe politicians in power to legalize their fraud & theft from the productive people of the nation. Its gotten to the point where even the judicial system is useless in protecting the people from these ripoffs. Banking as it stands is a scam not an industry producing anything of value. Since it produces nothing of value, its only means of existence is to steal value from those who do produce value in the economy. However the more this continues, the more it destroys the nation.

[@joedunford6587]

This man is now my favorite human on earth (apart from mom 🙂)

[@gregmann410]

The system is broken

[@LoreneBenoit]

Yes Galati is a Goliath. Bank of Canada doing what it was created to do, would be huge benefit to Canada and lessen our debt.

[@johnemonroe]

Lorene Benoit, MHH The Bank of Canada does do what it was created to do. It does still lend to the government, but that was never its main purpose.

[@steveo673]

Good job Mr Galati!

[@kingofthepaupers]

Jct: This is coming up on Wednesday in Toronto Court (180 Queen St. W.) 9:30am seeking Jeremy Corbyn's UK Counterpart Quantitavive Easing for the People not the Banks meaning funding government expenses with interest-free money! Great first step but that's QE for governments, I want QE for citizens too. I also want my interest-free Bank of Canada Account and my SmartestManOnEarth.Ca/smartteam will soon be up with candidates in Canada promising or most likely to vote for Bank of Canada Accounts for the People too. The QE for Gov lawsuit seems heaven-sent for those of us also seeking QE for Citizens too. Gee, their winning Bank of Canada accounts for governments would sure help in our quest for Bank of Canada Accounts for People too.

[@lesaannemarie]

this number count does not seem right to me??? I have seen this posted numerous times .. anyway let's get the numbers up

[@sallytucker2354]

So whatever happened to the case?

[@johnemonroe]

He lost. Most of what he claimed in this video was false. Nothing in the Bank of Canada Act requires the Bank of Canada to lend to the government, and certainly not as much as COMER wanted it to.

[@kateritekawidtha6465]

Rocco needs more cash flow people.He can't sit in an empty car, and expect to go anywhere on an empty tank.He needs an army to back his work.I will totally volunteer my own time for this guy...anyday until he gets recognized and properly funded.

[@johnemonroe]

I don’t believe Rocco is working on this case any more. He lost all five times a court ruled on it, and the case has been dead since the Supreme Court refused to hear his appeal two years ago.

[@simonmanzer]

It's not complicated at all....

[@numidianarchers195]

I am studying to become a lawyer and add to the work of this great man

[@WalkTheTalk-AvecLadyRose888]

I love Rocco Galati!

[@thelogicalbeaver9250]

Canadians are over a trillion in debt We have paid compound interest to the tune of a trillion dollars Our principle debt is never paid down and only increases This is CRIMINAL betrayel of Canadians This is why in 30+ years corporate profit goes up and our wages taxes healthcare education SUFFERS

[@cisco993623]

Must be up to $2 Trillion in 2022.