Ah the giddy optimism of Canada's greatest constitutional lawyer. It was on solid legal and constitutional grounds until suddenly it wasn't and the grounds turned out to be an abyss.Bank of Canada Lawsuit
By Joyce Nelson, Watershed Sentinel, January-
February 2016, vol. 26, no. 1
One of the most important legal cases in Canadian history is slowly inching its way towards trial. Launched in 2011 by the Toronto-based Committee on Monetary and Economic Reform (COMER), the lawsuit would require the publicly-owned Bank of Canada to return to its pre-1974 mandate and practice of lending interest-free money to federal, provincial, and municipal governments for infrastructure and healthcare spending.
Renowned constitutional lawyer Rocco Galati has taken on the case for COMER, and he considers it his most important case to date.
On October 14, a Federal Court judge cleared away yet another legal roadblock thrown in the lawsuit’s path. The federal government has tried to quash the case as frivolous and “hypothetical,” but the courts keep allowing it to proceed. As Galati maintains, “The case is on solid legal and constitutional grounds.”
This went to press just before the Federal Court completely stomped COMER's case. The devotees at World Freeman Society still seem oblivous to the disaster that has hit "One of the most important legal cases in Canadian history" and are vigourously promoting Rocco and COMER's eventual victory.
What happened on October 14, 2015's "roadblock clearing" event was the hearing before Justice Russell which resulted in the entire case being thrown out and costs awarded against the plaintiffs;
I'll skip the video, thanks anyhow. Two and a half hours focussed on "The Bank of Canada Controversy" is a little pointless when there is no controversy. COMER lost and it's over.Toronto 14-OCT-2015 BEFORE The Honourable Mr. Justice Russell Language: E Before the Court: Motion Doc. No. 35 on behalf of Defendant Result of Hearing: Matter reserved held in Court Senior Usher: Mary Joseph Duration per day: 14-OCT-2015 from 09:35 to 12:00 Courtroom : Courtroom No. 7-C - Toronto Court Registrar: Abigail Grimes Total Duration: 2h 25mins Appearances: Mr. Rocco Galati 416-530-9684 representing Plaintiff Mr. Peter Hajecek 416-973-9035 representing Defendant Comments: DARS Z005119 Court requests expedited transcript of hearing Minutes of Hearing entered in Vol. 938 page(s) 368 - 372 Abstract of Hearing placed on file