David Jensen, prolific writer on sound money and finance, joined us to discuss the potential ramifications of the recent Canadian lawsuit dealing with the Bank of Canada and it’s mandate to make interest-free loans to the provinces and how that mission somehow got subverted by the BIS (Bank for International Settlements). Now the policy has been challenged in court and the appellate tribunal has allowed the case to continue. This is only an intermediate appeal and whether the plaintiffs will ultimately prevail is an open question. However, it did send some shock waves across Canada and directed some unwanted attention towards the bank’s practices. Where it will eventually wind up is anyone’s guess.
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