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Thanks for sharing

In the words of the great yogi Berra often repeated by Tony Fell: when you come to a fork in the road, take it 3:07

This guy sounds like he's had a couple shots

I used to work at the Royal Bank of Canada (RBC) from 2008-2011. I was an executive assistant, I helped make policies that helped our clients.

Excellent interview with lots of high profile people. Good work.

Does anyone remember this crisis? It would be great to hear some first-hand accounts and personal experiences.

Banksters! Criminal usary loans creating debt slavery.

📱📲

Government made the whole problem worse and this doesn’t emphasize that. “Stability” emphasis ends up causing much bigger crashes.

Not a lot of insight from those interviewed.

Who owns the govt? The bankers. Thus the Bank of Canada is a privately owned bank.

OMG. What apologists for the Central Banking cabal. I would love to hear Ron Paul's or G Edward Griffin's opinion of this completely biased "documentary".

Again, another very well informed documentary that was easy to understand and appreciate about Canadian and American banking.

This deal give canada foot door make parts around world.Magna now sold parts and plants around world.Company like alcan,inco,ge,cominco all benefit long time.thanks video😊

Excellent documemtary

Great video

What a great video! A lot of interesting facts stated! I love the old footage that was provided in this video.

The auto pack has had a huge impact on Canadian economy 🎉

The Hudson's Bay Company has turned more into a real estate company in the 2020s. 😂

I absolutely admire RBC. They pretty much avoided all the trouble in 2008.

America did not invent the ATm. Or the chip. Or paywave. Thr american banking system is horribly outdated and is about 15 years behind the world

Casually leaving out the fact that the federal reserve is NOT a central bank nor is it a govt agency. Lets ignore that its a private organisation

Halmiton was a traitor servicing the interests of his masters. Course, history books all say what a great injustice it was, but the reality was a rat was taken care of

Yes, oil open west but biggest was oilsands i talk myself with peter lougheed said" the public don't have clue how he have under feet in alberta". The biggest advance is spend money a new equipment in oilfield and tarsand.the best book about is tarsand from unv.of calgary history and future.thanks video.😊

Wasn't the very first oil well drilled in North America somewhere around Petrolia Ontario? I thought I heart that somewhere.

Hamilton was correct. Unfortunately, politicians waste money and spend it needlessly. The Canadian Banks, which has a population 8% the size of the USA, are far better controlled than American Banks. The Bank of Montreal is still strong and prosperous, as are the other 4 principal Banks. Interestingly, the Australian Banking system is equally strong.

Wow! Incredibly out of date critique of Canadian banking. Our current mortgage market is hopelessly corrupt (2024).

In the end, this plays like a one-hour commercial for the Canadian banking system and OFSI

I love it when Mr. D'Allessandro says at 49:15 how in the past you had to work REAL hard to lose a billion dollars, now you can do it in a nanosecond. Puts a different point on how banking and investing has changed over the years. That's progress, I suppose.

The eyes means a deep secret, not involved with any fever today

Yes and then there's Bitcoin.

Do you have more interview footage on the Canadian Bank Mergers?

Can you post the full 2h cut either here or somewhere we can send money? Great doc BTW. If copyright an issue geofence it for canadians only/

great documentary but a few less cuts, music lowered or cut out for periods and far less imagery may be more sophisticated and decent for the viewer experience. Let the speakers shine through and avoid the imagery and cuts that distract the viewers focus and highlight of whats being said.

So the Bank of Montreal plagiarized Hamilton’s document? 😅

Cool

This seems less like a tale of banking history and more like a fluff piece for Canadian banking. In which case, it ignores that Canada froze the accounts of citizens who opted not to take the Covid vaccine.

Extremely high quality stuff here. Thanks for sharing it on RUclips!

I Love the content, learning a lot

Haha i love. The black Friday last week. Lol yen borrowers were like oh crap. Sell there shares. Then they start saying there is a recession lll

love this channel

This is what I learned about modern finance, money and economies. I am willing to acknowledge that I may have been fooled or deceived from some of the information and sources I researched but, I am willing to change my mind if there is better or more reliable information that can be presented and trusted. There is no lack of rumors and myths about government operations especially when it comes to how the nation’s money is created, managed, controlled and spent. With the explosion of easily accessible information on the internet, there has also been an explosion of information on how banking and financial systems work along with how governments, private central banks and private commercial banks create and manage money. Some good, some bad along with some interesting conspiracy theories. One of the most stunning things I learned about modern economies is that money is created when someone takes out a loan and goes into debt. I was well into my forties when I learned this about modern money. At first, I did not believe it and it is certainly not what I was taught about money in my younger days. Modern money is mostly about getting governments, corporations, businesses and people into debt and there is also quite a bit of smoke and mirrors involved. The idea is to keep the borrowers continuously in debt so they can continuously keep paying interest to the “lenders”. The joke is that the money given out for the loans that make up this debt does not exist. The money is created by entering numbers into the borrower’s account when the borrower takes out the loan. As the loan is paid back, the money that was created for the loan is eliminated and no longer exists, but the institutions that created the money get to keep the interest that was paid. So, the more debt there is, the more money there is and the more interest that is paid to these institutions. The other joke is to get a loan like this, most of us have to put up some collateral, so if you default, they can take ownership of your collateral. So basically, they get your possessions of whatever collateral you put up for free and with no risk since the money they “lent” you did not exist. Supposedly, this has been determined to be a legitimate way to do business! If money really needs to be created by simply entering numbers into accounts or printing it into existence, remember I am saying “if”, then the government should be the only authority allowed to create this kind of money for the nation without “borrowing” any from the private banks since they don’t have it either and just simply create it the same way the government would. This way the government would not have a national debt and would not be paying interest on money that private banks did not have. On the international level, debt has been used as a tool to gain power, status and influence over other countries for centuries. In the past century, the US perfected this technique. In the 21st century, China and some other countries have also learned this trick. Again, the idea is to keep the borrowers continuously in debt so they can continuously keep paying interest to the “lenders”. So if the country defaults, the “lenders” can take ownership of the country’s resources that was used for collateral. They get whatever collateral the country put up for free and with no risk since the money they “lent” did not exist! This is how America and the US dollar has been able to be the dominant player in the world economy but is now being challenged by other countries that have learned the trick. The banks should only be allowed to lend a percentage of money that has been deposited by their customers. If the banks do not have enough money to lend to corporations and businesses so that they can expand or continue to innovate, then the government can create the money to lend them and the government can collect the interest for these loans. This would also reduce the amount of taxes that businesses, corporations and individuals would have to pay governments. Governments, corporations, businesses and academics along with the wealthiest and brightest among us keep competing for power, status and wealth by playing the game with the same old economic rules and ideas that have been popularized by economist like Adam Smith in the 1700’s with his book “The Wealth of nations” and Alfred Marshall in the 1800’s with his book “Principles of Economics”. They also keep blaming each other when the economy is not performing well and not benefiting everyone and causing damage to the environment. We may now need to play this game with different rules and ideas. To keep the economy growing, old school economics promotes and encourages borrowing especially government borrowing which of course creates more and more government debt. The Gross Domestic Product (GDP) represents the size of the economy which is the amount of money the economy is worth. When the economy is continuously growing, the GDP is also continually growing. Similar to any addiction, more and more borrowing is needed to have the same effect on economic growth. When the government debt starts to become greater than the value of the Gross Domestic Product (GDP), technically it will no longer be possible to pay back the government debt. As the economy grows, the money is continuously inflated. There may be periods of low inflation rates and periods of high inflation rates or even periods of deflation but in the long run inflation always increases but the economy does not always grow. At some point, the buying power of money will starts to become significantly reduced and if the government debt starts to become several more times higher than the GDP, the money and financial systems will probably collapse. If this happens, the system is reset and the cycle is repeated. During the run up there will be some good times but, after the reset times will probably not be good and war is also a possibility. This cycle has been repeated continuously throughout history from the Chinese Dynasties to the Roman Empire to Germany after World War One and to Argentina, Venezuela and to many African, Asian and Middle Eastern nations in the 21st century. The thinking that the economy (the production and exchange of goods and services) always has to grow for there to be innovation, progress and prosperity will eventually become a problem on a finite planet. This may have worked well in the past when communities and societies did not know the scale of the planet and the environment but, I think the focus now needs to be on sustainability not on growth! There needs to be flexibility in the system for the economy to be able to expand and contract and for a contraction to be considered normal and not a problem or a failure and for the contraction to be just as innovative and prosperous as the expansion. For this type of thinking to work, there need to be some new economic models developed along with some new types of financial systems. I think capitalism is the best system with the best ideas but I also think some of the ideas of capitalism need to be amended with the primary focus and objective now being sustainability not growth. I also think the idea within capitalism that greed and selfishness is somehow a good thing needs to be forgotten. Greed and selfishness in any economy is not good. Competition is good but capitalism also needs to be encouraging much more honesty and responsibility and also promote cooperation, fairness and morality. If capitalism is modified in this way maybe we can’t call it capitalism anymore. Perhaps we can take the good ideas from capitalism and combine it with some of the good ideas from socialism and call it something else. Sweden, Finland, Norway and Demark have had some success it doing this. If the academics along with the economist, engineers, politicians, corporations, capitalists and entrepreneurs can figure out some new economic models that are based on sustainability instead of growth, I am sure there will be some noble prizes awarded. The way this can begin and at the same time improve peace, fairness, trust and morality is when our business, government and academic leaders, along with our wealthiest and brightest and smartest among us can start learning how to be much more truthful and honest. People don’t have to love each other. They do not even have to like each other but, they do need to understand that the wellbeing and happiness of others benefits everyone and is the bases for morality. This thinking and these ideas should help nations start to build trust and respect in each other so that they will no longer feel the need to spy on each other or feel the need to manufacture weapons that can wipe out most of the life on this planet and from there start working towards reducing and eventually stopping the manufacture of weapons for war. If people are struggling to survive or risking their lives defending themselves fighting wars, they will not care about anybody else or about the damage and devastation of their towns, cities and communities including the planet’s environment. They will also be much more aggressive and willing to commit crimes and behave in violent ways with animosity, cruelty and hatred toward others that don’t look like them or do not share the same religious beliefs. Here are some books with some new economic models and ideas that look like some promising developments: “Doughnut Economics” by Kate Raworth, “Prosperity without Growth” by Tim Jackson, “Confessions of an Economic Hit Man” by John Perkins, “Beyond Growth” by Herman Daly. Here is a good source of information. “The Centre for Advancements of the Steady State Economy”.

This is all well and good if you ignore significant Canadian historical figures from the 19th Century like William Lyon Mackenzie and Wilfrid Laurier. Heck, the Clear Grits themselves denounced John A. MacDonald as an “Indian lover” for giving the minimum level of provisions.

Interesting film!

Was I supposed to speed up the video to 1.25?

Amazing

Is this the full documentary? At approximately 9.58 Some gentlemen said the reason for being repulsed in the war of 1812 was because of a lack of financing from a bank. Is this true and is the reason a second bank was charted explicitly because of the this event? Edit also dueling is dumb AF.

The Bank of Canada is not independent.... Lets be real. What a crock.

Built and run by the zionist kazarian Rothschilds.

Nice propaganda video.