Federal Reserve & Conspiracy Theories


Armstrong Economics Blog/Banking Crisis Re-Posted Feb 4, 2021 by Martin Armstrong

COMMENT: Hi AE….just an observation for you. Altho’ you have mentioned your disagreement with the points of view of such people as Ed Griffin (The Creature From J Island), Ron Paul (End The Fed), & Jeff Berwick (current best seller is Controlled Demo of The US), all of you are in agreement about the total & utter corruption of the US, & other, gov’ts. I would say further that it seems it took you longer to get there than the others, in realizing the depth of the problem, not wanting to use the conspiracy word. So…big picture, you’re all in agreement, but the details cause disagreement. I think your “defense” of the existence of the Fed doesn’t really matter, as there’s not gonna be any Fed, or anything like it, after the civil war has run its course. Just my thoughts, not a personal attack. Absolutely LOVE your blog….am hooked, like an addict.

HS

REPLY: Where I disagree with these ideas that the central banks are the enemy is that they are the scapegoats for the real problem has been the fiscal side — politics. These scenarios have focused on the fact that the Fed was originally set up as a bailout structure for banks to replicate what J.P. Morgan did to save the banking system in 1907. I pointed out that the “elastic money” the Fed was allowed to create from the outset was to allow them to buy-in corporate short-term paper when banks would not lend.

Then came World War I. In order to fight the war, Congress needed to create debt. They instructed the Federal Reserve to STOP buying corporate debt, being the lender of last resort, and buy government debt. Following the war, they never returned the Fed to its original purpose.

Still, each branch was independent because what was discovered from the Panic of 1907 was that the San Francisco Earthquake of 1906 sucked in money from the rest of the country, leaving a shortage of cash in New York, resulting in bank runs. Therefore, the structure realized that we may have been one nation, but we were not one economy.

The dominant economic condition is one region was agriculture, another energy, another mining, another manufacture, and still another finance. Thus, each region got a branch of the Federal Reserve and each was independent so interest rates would differ to attract or deflect internal capital flows to prevent another 1907 Panic. While they no longer bought private debt to “stimulate” the economy only government, they did still retain their independence with interest rates.

Then comes along Roosevelt. He completely changed the structure of the nation to introduce socialism he called the New Deal. He did not stop with work programs, relief funds, and creating agency after agency like the SEC. FDR also completely changed the Federal Reserve. Where the banks did nominate the board in their respective regions, now the government nominated board members instead of the banks and he usurped the interest rates and folded them into one interest rate to serve the entire nation. Roosevelt changed the Fed from managing the economy on a domestic level and shifted it to international. The entire purpose of the Federal Reserve was now totally eradicated.

When World War II came, Congress usurped even the Federal Reserve power to create elastic money. They ordered the Federal Reserve to support the government debt to prevent interest rates from rising during the war (quantitative easing). They attempted to keep that power and it is the ONLY time that the Federal Reserve rebelled. President Truman announced that the Fed would comply with his decree, and they outright denied any such agreement. The Fed rejected the idea of continuing to support the government debt market in the face of the Korean War and asserted its independence. I have covered all of this in “Manipulating the World Economy.”

So while the conspiracy theories continue to paint the Federal Reserve as the enemy, this has been a total distraction and misinformation. They will no longer bail out the banks. Last March, the Fed began to lend on commercial paper for the first time since its origin in 1913, and the Federal Reserve is moving rapidly to accept direct deposits from institutions, thereby circumventing the banks altogether (see IMF; so much for the conspiracy theories that the bankers control the Fed).

So all these claims that the bankers are in charge of the Federal Reserve are just bogus. They keep looking at the structure that the bankers were the shareholders in 1913, which was because bailing out the banks was not to involve taxpayer money. It was to mimic what J.P. Morgan did, and the government never handed him a bailout to do it.

As for my “recent” conspiracy explanation,  this is by NO MEANS the same flavor that has been spinning around. The real source is coming from the World Econo0mic Forum — not from the central bankers. Schwab has cleverly taken control of most Western governments. Just look at who is the head of the ECB, IMF, and the EU itself. All have been or still are board members of the WEF.

This “Build Back Better” is a marketing slogan coming out of the WEF and just look at all the world leaders using the very same phrase. Johnson’s father worked at the Rockefeller Foundation, which was also linked to Gates’ father, and they both want to reduce the population of the world. If they do it with vaccines and policies instead of guns, then it is not genocide or a war crime.

Biden’s Climate Czar is a Davos boy of Schwab. Biden has a free reign, and the left press is trying to shut down all alternatives. They were even telling cable networks to dump Fox News. Why is free speech gone? Because they have an agenda and they are pushing forward at light speed, and like any communist revolution, you control the press to win the day. This is not the central bankers. Wake up!

Meanwhile, Washington will retain at least 5,000 troops into March, but the talk is they will remain until June and probably permanently. Biden has signed a lot of executive orders, but what people are not paying any attention to is that he has already sent troops to Syria, and he is not making the same mistake as Obama by asking permission from Congress. In addition, suddenly, Iran is just weeks away from having a nuclear weapon, which seems to be very convenient since they have been trying for more than 40 years to accomplish that one. This sounds like the Weapons of Mass Destruction.

They claim they need the troops in Washington because of Trump’s Impeachment Trial. Was this absurd unconstitutional impeachment trial that even the Chief Justice refused to attend because Trump is not a president, just another ploy to militarize Washington against the threat of revolution? Under these Democratic rules, they should be able to go back in time and Impeach Biden, Pelosi, and Schumer when the political cycle changes in 2022! Where does this insanity end?

The central bankers are not the problem. They do not have the tanks, guns, or the incentive even to control the world, end capitalism, and extinguish 50% of the population to save the planet. Just follow the clues. We do not need conspiracy theories, for Schwab’s agenda is fully in the open. However, people do not realize is that their intent is to ELIMINATE democracy, for we are the great unwashed and too stupid to understand the big picture.

So they all meet in Davos and kiss the ring of Schwab and push his agenda to eliminate democracy. Anyone who thinks the 2020 election had zero fraud should go kiss the feet of Schwab and off your children to sacrifice, handing them over to be indoctrinated in this new modern version of the Brown Shirts. He takes his lessons from history as well. I never kissed his ring. I only shook Schwab’s hand. So that does not make me a Davos Man.

Resistance is Not Futile


Armstrong Economics Blog/Tyranny Re-Posted Feb 2, 2021 by Martin Armstrong

In Bavaria, people have staged a massive protest against the draconian actions of Merkel which is really intent upon destroying the economy all for Laus Schwab’s Build Back Better campaign supported by Bill Gates and George Soros.

In Scotland, a woman with a store on the Royal Mile in Edinburgh and was confronted by police. She stood her ground! There is hope when it only takes a few to start a kickback as a reader put it. These people are building a prison to prevent an uprising against a political system that is collapsing around the world. Governments cannot survive by just ordering central banks to buy their debt because they have destroyed their bond markets. Biden will follow that same path and we will see that same trend filter into the USA come 2022.

Governor Newsom of California has created stage #1 of the covid passport. If you get the vaccine, you will have a certificate on your phone. In this way, those who do not trust governments will not take the vaccine, and thereby they will be able to sort out the sheep from the wolves. Meanwhile, as companies are losing money because of COVID lockdowns, in California they ordered that companies MUST pay employees more money during this pandemic. The Grocery store Kroger Co announced they are closing because of this insane decree. Granted, Keynes did not have a degree in economics, but neither do any of these politicians. This is the ONLY thing politicians will come to understand when businesses just shut down and leave.

I am getting accounts from around the world with people starting to wake up to save the future for themselves and their children. The police who indeed claim they are just following orders are indeed no better than the Nazis who ran the death camps. Just following orders will not be sufficient as time moves on.

Hope as Police Defend the Protesters in Austria


Armstrong Economics Blog/Civil Unrest Re-Posted Feb 2, 2021 by Martin Armstrong

COMMENT: Austria seems to have copied the Slovak tyranny.
Once commerce reopens in Austria, everyone will have to wear N95 masks, and in service-type establishments (hairdressers, etc) only those with a negative test certificate will be allowed entry. Also, kids will have to be tested twice a week in order for schools to reopen.

Slovakia has also set a similar condition for school opening that requires both kids and parents to be tested every week. Only if they are all negative will the kid be allowed in school. This also applies to pre-school (kindergarden) children.

PG

REPLY: The police have crossed the line in support of the people. This is the HOPE we need to nurture. Every person you know who has a family that is a police officer, we need to turn them to support the people. Nuremberg is the exact example. Just following orders will not cut it when the tide turns against governments which it will.

YouTube Version:

Iran & World War III


Armstrong Economics Blog/War Re-Posted Feb 2, 2021 by Martin Armstrong

Thanks to provocative moves by Iran, President Biden is facing an increasingly uncertain situation when it comes to Iran, which has been America’s nemesis since the 1970s when they called the US the Great Satin. They have been pushing much of the Middle East’s instability for decades. The military in the last days of Trump dispatched B-52 bombers to the Persian Gulf in response to an alleged Iranian attack plan and reversed an order to bring home the USS Nimitz, the only US aircraft carrier in the region.

Iran has not only announced that it had resumed advanced uranium enrichment in violation of the 2015 nuclear deal, but they also seized a South Korean-flagged oil tanker and its crew. These actions coming just two weeks before President Biden’s inauguration seems to be playing out the reverse strategy of 1980. Back then, they held the American hostages captured from the embassy under Jimmy Carter and they suddenly released everyone when Ronald Reagan took office. This time it was Trump who was anti-war so the tensions rose now with Biden.

This time Iran has covert support of China and Russia and it may be simply a proxy to unleash war in the Middle East, which the US defense industry will certainly welcome after the four years of austerity under Trump.

In Search of a Superhero


Armstrong Economics Blog/Opinion Re-Posted Feb 2, 2021 by Martin Armstrong

QUESTION: Mr. Armstrongh; I watched the Forecaster here on Television in Norway. I watched it again flying to the United States on the plane. You are the only person who has the experience of politics and has faced the club head-on. Why won’t you run for president in a new third party?

OG

ANSWER: I greatly appreciate your comments. But I have no desire to step into that arena. It takes so much energy. I have seen it first hand. I am far better off behind the curtain, and even that is hard now because people want to snoop behind the curtain as well.

I never enjoyed even managing employees, no less trying to tame Washington. I tried to help and could not penetrate the corruption (swamp). We need to find someone younger who has the energy. I will be glad to whisper in their ear. But my time has passed for that. It was never my ambition. We are going to need a young superhero — that’s just not me.

I am 70 and I am too tired to do something like that. I can’t imagine Biden doing this at 78. Ronald Reagan had the courage and the stamina. He was a great man.

They say history produces our leader of savior when we need it the most. Sometimes it has given us people like Lenin, Hitler, and others who had a dream constructed on hatred of their opposition. Let us pray our next superhero will not be a madman.

Are We in the Middle of Absolute Tyranny?


Armstrong Economics Blog/Tyranny Re-Posted Feb 2, 2021 by Martin Armstrong

COMMENT: Martin and team:
With Trudeau fully on board with the Great Reset, canceling the $CDN and going fully digital is just another step to fulfill his goal.  I must confess I don’t quite understand the full significance of this and I am not sure if this is going to be reported by the mainstream media here in Canada

Unfortunately, I am sorely disappointed with the reporting of the Canadian mainstream media’s coverage of the US election as they merely regurgitate the fake news in the US.  In my opinion, if you want better fake new propaganda there is CNN and if you want a better in-depth discussion of what is really going on then you have to go to Fox news in the US (CNN had tried to stop the cable companies from carrying Fox News).
I believe if Trudeau is allowed to stay in power in the upcoming spring election (he will call one and looks like he may have a good chance of getting re-elected) he will lead our country further down the path of destruction.  We will truly become the Venezuela of the great white north, blessed with an abundance of natural resources but getting poorer due to policies driven by political ideology.  Trudeau had only given token gesture with Biden’s cancellation of the pipeline.  I believe he is also destroying our parliamentary system by not allowing the opposition party to ask legitimate questions and have a meaningful debate in the house of commons ( that is why it has canceled the currency in secrecy).

Furthermore, as we are bombarded by COVID infection and death tolls every day, the mainstream media here in BC is pushing for a more severe lockdown citing Australia as the model for getting their citizen back to “normal” life. Many in the public are angry at those who do not fully comply and want the government to impose severe fines and jail time.  Of course, they also believe the vaccine will end the lockdown.    I wonder if they really know what it is like to live under a communist regime (as one of your readers had written about what is happening in Czechoslovakia).  I will try to write to talks show hosts in radio stations who will at least listen to different viewpoints without immediately being dismissed as spreading conspiracy lies.

I am sure many of your Canadian subscribers will be eagerly awaiting your report on Canada.  I also believe we are at a crossroads here.  If we do not speak up now we will be living for the rest of our lives like sheep.
Please keep up the good work and many thanks for the important messages you are writing in your blog.
CT

REPLY: The degree of manipulation of the public on such a grand scale calls into question whether these people are being outright bribed like those at LANCET. This is a very well organized global scheme. I find it astonishing that anyone who criticizes this agenda the mainstream press is calling a conspiracy theorist. Boris Johnson even admits this is “radical” reform. He was not elected to change the world economic system. Where do these people get off changing everything, while never bothering to tell people the extent of their real plans.

It reminds me of a prosecutor trying to discredit a witness against a banker. A prosecutor asks, When was the last time he beat his wife? He responds, “Never!” He calls his wife as a witness and she swears he never beat her. The prosecutor tells the jury she lied because she was afraid she would be beaten again. He is discredited as a witness with nothing more than words.

These people are deliberately trying to change the world. They could not scare the people with climate change so they used a virus and then perhaps bribed key politicians so they never would have to submit what they had in mind to a public vote. Is this outright tyranny? If it is not, then nothing is!

THE GOOD NEWS

They will still fail!

The Conspiracy Against the People Will Fail


Armstrong Economics Blog/Tyranny Re-Posted Feb 1, 2021 by Martin Armstrong

I have been warning that despite all their influence via the World Economic Forum, Gates Foundation, and Soros’ Open-Society calling for a one-world government, they will fail. We have even Governor Cuomo suddenly realizing that he may have destroyed New York City permanently. California is bleeding businesses so rapidly; the tax the rich policy that relied on the top 1% paying 48% of the state’s taxes is rapidly dwindling. All the people who have their hand out always expecting more will find there is not enough to go around. California Governor Newsom has suddenly lifted the stay-at-home order even in face of a new California strain of COVID, which is more contagious.

While many are interpreting this change is only because they used it to defeat Trump, behind the curtain, there has been this global effort being pushed for the Great Reset. Even in Italy, we are witnessing uprisings against these COVID lockdowns, which have utterly destroyed tourism, and hotels are closing, never to reopen again. This idea that they can lock down the world by using this virus to reduce CO2 is starting to reach the boiling point. Destroying small business is really their goal in addition to ending commuting. Biden’s Climate Czar claims the world was broken before, so there will never be a return to the way it was.

This idea that these people can destroy jobs and redesign the world economy, creating a “useless class” of people who cannot find employment in a new green world, is a recipe for violence. These people are totally insane.  They have no idea even how the economy works, no less how to regulate it from scratch. They will fail because what they have taken on is against human nature, just as Marxism failed.

The secession of 1860 will not happen again, but a different kind is already taking place


A DIFFERENT TYPE OF SECESSION IS ALREADY HAPPENING IN THE USA

Re-Posted from the Canada Free Press By Jeff Crouere —— Bio and ArchivesJanuary 30, 2021

Lately there has been so much frustration with the last election and the direction of our country that some Trump supporters have been talking about “secession.”  Many conservatives and libertarians are asking if it makes sense for certain states to leave the union the way South Carolina left in 1860, after the election of Abraham Lincoln as President of the United States.

Whether it makes “sense” or not, we can be assured that it will not happen. Although the South Carolina state legislature voted in November of 1860 to initiate the process of secession, no state legislature would do that today. This is because most modern state legislatures, even conservative ones, do not have many members who are angry enough at the federal government to support seceding from it.

Whether it makes “sense” or not, we can be assured that it will not happen. Although the South Carolina state legislature voted in November of 1860 to initiate the process of secession, no state legislature would do that today. This is because most modern state legislatures, even conservative ones, do not have many members who are angry enough at the federal government to support seceding from it.



Americans who live in rural and some suburban areas are executing a secession of their own

Never forget that many individual state legislators are professional politicians.  They may disagree with some of the policies that flow from Washington D.C., but they are not angry enough to vote for secession, and that is what is required to secede, anger. While an official secession will not happen, there will be a different type. In fact, it has already started in our country.

Instead of state legislatures, dominated by urban dwellers, voting for secession, Americans who live in rural and some suburban areas are executing a secession of their own.  They are disassociating themselves from the lifestyles, cultural mores, laws, and self-inflicted wounds exhibited in our large cities.

Of course, rural Americans are already living in areas removed from large cities, but geography is only one of the many differences. An even more striking distinction involves political ideology and attitudes on an array of issues like criminal justice.

Citizens living outside of ultra-progressive urban areas do not accept what is going on in large cities. Surely, the thinking is “I am not one of them.  They are different from me.  We do not agree on basic things, like what laws should govern human conduct.”

This mental disassociation did not exist in previous times of crisis in our country. There was much more national unity in December of 1941 or even September of 2001.  At that time rural Americans and city dwellers still had many shared values and followed the same laws.  Clearly, the similarity in culture and politics between rural and urban Americans is dying, and the pace of its death march is quickening.

Who can forget what happened to Mark and Patricia McCloskey in St. Louis?

This same type of disassociation is also felt by many Americans living in suburban areas. They recognize their way of life is incompatible with that exhibited in large cities. This results in suburban dwellers venturing into cities less often. Once there, they feel unsafe and unwelcome. According to the FBI, crime rates in our urban areas are significantly higher than suburban and rural areas.

More crime is not the only difference Americans notice in large cities. There are also different laws regarding decency, civility, and cleanliness. Unfortunately, manners and traditional customs are rarely, if ever, practiced.

Many horrific things can happen to you in a large city, without warning.  You can be struck from behind in a “Knockout Attack,” or wounded by a stray bullet. You can be surrounded by violent demonstrators who scream at you and tell you are evil because of your wealth, race, religious views, or political beliefs. This is not a place that feels comfortable or feels like home. 

Over the past few decades, millions of Americans who support traditional American values, and even some who value safety, have already left our large cities. They are disgusted with the political corruption, high taxes, racial politics, homelessness and, over the past year, the excessive Covid-19 lockdown orders.

People leaving are also those who value their second amendment rights. They do not want to be charged with a crime if they have to defend their home. Who can forget what happened to Mark and Patricia McCloskey in St. Louis?

On June 28, 2020, their neighborhood was overrun by protesters and a mob was descending on the McCloskey’s home. The couple waved firearms in front of their home to encourage the protesters to leave. No gun was ever fired at any of the trespassers. Incredibly, Mr. and Mrs. McCloskey were charged with the unlawful use of a weapon even though they feared for their lives. If convicted, they could face up to four years in prison and a fine of $10,000.

Urban areas have been failing financially for many years

As this trend continues and cities like St. Louis, Detroit, San Francisco, Seattle, Portland, Washington D.C., and New York City decline even more, these areas will simultaneously become more similar.  They already have much in common politically. Future cooperation will likely continue on issues such as drug legalization, the treatment of homelessness, gun control, permissive law enforcement, and providing a sanctuary and support for illegal aliens. With so much commonality, these cities will forge even closer bonds in the days ahead. 

With unworkable policies and massive bureaucracies, these cities will need greater and greater subsidies from productive, tax-paying citizens living in rural and suburban America. Urban areas have been failing financially for many years, but as the policies become more progressive, the costs are escalating even higher.

In large cities, politicians spend vast sums of money on enormous municipal government systems which include inefficient departments featuring payrolls that are too large and are too expensive. Other characteristics include broken infrastructure, rampant homelessness, and an overly generous municipal pension system. 

How much longer will productive taxpayers living in rural and suburban communities agree to subsidize large cities?  Sooner or later, these citizens will say “Enough is enough, we want out!” They will want the urban centers to form their own “United Cities of America,” with their own laws and lifestyles. Simultaneously, Americans living in non-urban areas will want to forge closer bonds of their own as similarities are recognized even more.

The secession of 1860 will not happen again, but a different kind is already taking place.

Here it is – The Bill to Destroy Gun Ownership


Armstrong Economics Blog/Regulation Re-Posted Jan 30, 2021 by Martin Armstrong

Firearms BILLS-117hr127ih

Here we have it. They are going after EVERYONE who has a gun or ammunition. They are deeply concerned about a revolution and they want to know every person who has a gun or ammunition. The object of this bill will be to identify every person who has a gun. They will be able to revoke a license and confiscate the gun under rules to be created by the Attorney General. Biden swore he would end the NRA. He was not joking. Like a diverse license, once they create this federal license, they effectively limit the Second Amendment claiming if you obey all their regulations which they can change at any time, then you have that right. But all such rights are eliminated whenever they say so.

922(dd)(1) It shall be unlawful for any person to possess ammunition that is 0.50 caliber or greater.

Whoever knowingly violates section
922(dd)(1) shall be fined not less than $50,000 and not
more than $100,000, imprisoned not less than 10 years
and not more than 20 years, or both

‘‘(B) Whoever knowingly violates section 922(dd)(2)
shall be fined not less than $10,000 and not more than
$25,000, imprisoned not less than 1 year and not more
than 5 years, or both.’’

Canada & The Canceling of its Currency


Armstrong Economics Blog/Canada Re-Posted Jan 29, 2021 by Martin Armstrong

QUESTION #1: If Canada is not a dictatorship, how can Trudeau cancel the dollar? How can he do so in secret?

RW

QUESTION #2: Why can’t Biden follow Trudeau and cancel the dollar?

EH

ANSWER: The answer lies in the difference in history.  Because the paper currency called bills-of-credit back then became worthless, the Framers of the Constitution expressly took into account currency. I have written before that when I was a market-maker in gold and one of the three largest in the country, the IRS walked in and declared me to be a bank and then I was supposed to report everyone who bought or sold gold in $10,000 amounts or more. They cited the Constitution saying that gold and silver were money thereby making me a bank because Nixon only closed the gold window, he never DEMONITIZED gold. So I was suddenly a bank in no need of such a license for the purposes of the IRS. Hence, I retired.

This raises an interesting question. Can Congress create a digital dollar constitutionally?The question of money was thus settled directly in the Constitution because each state had previously issued its own coinage and paper bills-of-credit (paper money).

Article 1 – The Legislative Branch
Section 10 – Powers Prohibited of States
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No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

No State shall, without the Consent of the Congress, lay any Imposts or Duties on Imports or Exports, except what may be absolutely necessary for executing it’s inspection Laws: and the net Produce of all Duties and Imposts, laid by any State on Imports or Exports, shall be for the Use of the Treasury of the United States; and all such Laws shall be subject to the Revision and Controul of the Congress.

No State shall, without the Consent of Congress, lay any duty of Tonnage, keep Troops, or Ships of War in time of Peace, enter into any Agreement or Compact with another State, or with a foreign Power, or engage in War, unless actually invaded, or in such imminent Danger as will not admit of delay.

Under the Articles of Confederation, both the federal and state governments were guilty of issuing limitless bills of credit to finance the Revolutionary War. This led to hyperinflation. In response to this Revolutionary history, Article I, Section 10 of the Constitution expressly prohibits the states from issuing bills-of-credit. With respect to Congress’s power, however, the issue is not as clear. At the Constitutional Convention, it was proposed to give the federal government the power to “emit bills on the credit of the United States,” but the Framers defeated this language as being too prone to abuse.

Consequently, the Constitution’s monetary clauses expressly grant Congress the power to coin money and to borrow money by issuing “notes” meaning interest-bearing government bonds. Nonetheless, Congress did not have the power to issue bills-of-credit. Given the Framers’ general hostility to paper money, it seems likely that the Framers’ intended to prohibit the federal government from issuing any bills-of-credit (paper money) whatsoever as was the case concerning the states.

Without question, the Constitution created a government of enumerated powers meaning that without an express grant of an expressed power, Congress thereby lacks the power to act. Therefore, it was clearly understood at the time of drafting the Constitution that striking the language to grant such a power amounted to a prohibition on Congress’s power to issue paper money.

I will do a report on the whole constitutional problem presented. Canada has a different history. The US expressly went through hyperinflation so the Framers dealt expressly with the power to issue money. That does not exist in Canada. Nonetheless, Trudeau canceled all the currency and it is no longer a LEGAL TENDER as of January 1sy, 2021. However, this is only phase #1. The currency is NOT worthless. You can still deposit it and present it to the Bank of Canada for credit to your account.

We will be issuing the 2021 report on Canada. It will be available on Monday.