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| | Canadian Finance Ministry Pulling Bank Strings as Election Looms |
 | | On its record, neither can the Bank of Canada be accused of waging the good fight, with the result that amidst an ostensible economic boom the Canadian dollar continues to flail. |
 | | The central bank and the banks, yes, with government imprimatur, are engaged in a process of issuing paper notes uncovered by real assets (money). |
 | | With fractional reserve banking, the bank is only good for a fraction of the money, since the Central Bank increases the reserves it gives to banks, and the banks, in turn, pyramid their respective lending capabilities. |
| www.ilanamercer.com /ppe14.htm (708 words) |
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