Foss Biography



















** We live in a world of debt enslavement ruled over by a small and powerful group of money masters.

** Under the market fundamentalist rule of these money masters, the environment is falling apart and there is no country in the world that I know of that is not now more corrupt and criminalized than honest and civilized.

 ** Notwithstanding the fact that probably everyone I know is, in principle, for an end to debt slavery and environmental and social breakdown, the hard reality is that this will not happen under the prevailing, interest-bearing money system.

** It is not just a question of the greed and power lust of those who control the banks that issue the money, it is more basically that the banks, by their very nature, need transnational, money-needful and money-generating growth built on debt to survive and prosper; irrespective of the consequences to our humanity and the earth. The World Trade Organization is there to maintain the global rule of the money masters, and the events in SEATTLE in early December 1999 show how far these rulers over our now debt enslaved world are willing to go down the road of diminishing conscience, responsibility and respect for life. Therefore, we go into the next millennium knowing:

** either we make of this an honorable fight at every level, from street level protests to board room and shareholders' meetings to political party conferences, to end the rule of the money masters and totally transform the money system (from private ownership to an interest-free public service) or we lose our humanity. . . and the earth, this once precious pearl in the universe, becomes a derelict, desolate planet fit for grotesque life forms only;

** either we search out and live for economic justice and are willing to lose our jobs, our fine reputations as managers, academics, and other high positions and are willing to risk pepper-gas in our eyes, broken limbs, cracked skulls, even our lives for it; or we will most surely lose out as human beings. Now that was, deliberately, one very long sentence to reflect the very hard, long struggle that lies ahead for those of us who passionately care for life, justice, truth, joy and also adhere to the principal of sharing rather than the strictly narrow focus of simply doing well for ourselves, no matter what the cost.

By the late great Boudewijn Wegerif  … with input from Claire Foss

** As a clarifying follow up, we recommend reading the first chapter of Michael Rowbotham's stunning book  "The Grip of Death"....... for viewing go to the index on the left side of your screen.


Debt Money - Mankind’s Friend or Debilitating Foe

Money must return to its true purpose.


Humanity’s devastating predicament…  Money has over time been
  deviously transformed into a commodity.


This same cursed debt, while enriching a few, ensnares the vast majority of humanity in a web of cruel economic slavery leading directly to social and environmental breakdown.

Claire Foss... April 22 – 2004 ( Earthday)  Revised: Dec 26 - 2006

Definition of the word commodity according to the Oxford dictionary; ***commodity:  article of trade, esp. product as opposed to service.


The Wheel of Fortune

…Fortunes for a Few…

While the Majority Struggle for Survival

In the land of Mad-Hatter Economics


 Concept: Claire Foss                                                                Artwork: Paul Grignon


Priceless sub-prime humour: Watch video


Although many banking rules have changed over the years, G.G,McGeer's plea for sane monetary policy, made in 1934, is equally valid in 2009. The overall thrust of his statement is right on target in today's senseless and chaotic system of casino economics.

QUOTE:“ Surely, no one can justify as sound the practice of governmental borrowing at interest of credit from a private monopoly when the government has the power to set up a national banking system through which can be issued paper currency and bank credit more valuable as purchasing power medium of exchange than that which is issued by private bankers. Our department of finance, exercising one of the powers enjoyed by Central Banks patterned after the Bank of England, issues Dominion legal tender notes redeemable in gold, which are loaned to the private banks at interest in the vicinity of 3 per cent. This the banker calls cash and treats as the reserve basis for the issue of bank credit. Varying with the conditions of the times, the banker then issues bank credit from 5 to 15 times the value of his legal tender cash on hand with which he finances loans and buys and finances government interest-bearing bonds and any other form of liquid assets producing interest or profit.

The idea that a government should issue national legal tender cash to a private banker at 3 per cent and then permit the bankers to issue on that reserve bank credit on the average of ten times its value, and compel the taxpayers of national, provincial and municipal governments to pay from 3 to 6 per cent for bank credit to finance all governmental activity reduces our world to the topsy-turvy level of the “Land of the Mad Hatter.” Such an absurdity is beyond the comprehension of intelligence, but its acceptance as sane and sound economy is nevertheless a fact”. END OF QUOTE

 G.G. McGeer


 Gerry McGeer was a Canadian lawyer, politician and monetary reform advocate who served as the mayor of Vancouver, British Columbia, during the tough times of the Great Depression, and later as a provincial MLA, a Federal MP and, finally, as a Senator in Ottawa.

A keen student of economics, he became convinced early in his career that only monetary reform could solve the problems of the Great Depression but he was constantly thwarted in his lifelong mission to attain a powerful enough political position to implement his banking and monetary reform ideas.

Immensely popular for his stand against Big Money, his fiery oration skills and passionate tirades against bankers and the banking system made him especially popular during the Great Depression.  He regularly lectured to packed houses across the country and became one of the most forceful voices in the country advocating government intervention in the monetary system. He was greatly influential in the nationalizing of the Bank of Canada. He saw this as a means of providing free- or low-interest loans to governments  for the building of public assets, but learned to his chagrin that public ownership of the Bank’s shares meant little unless the elected Parliament, via the Finance Minister, could exercise their Constitutional rights. 

Instead, private bankers hijacked the centralized money system via a series of Bank Acts that transferred to them the right to create and control the nation’s money and credit. What followed - the ‘legal’ creation of leveraged fiat money, the gradual removal of all reserve requirements, the sale of Canada’s gold reserves and the rescinding of the Usury Act  -set the stage, over time, for the disastrous state of Canada’s economy today.

Gerry McGeer’s monetary reform ideas are most fully elaborated in his 1935 book, Conquest of Poverty.  Fortunately this work is not lost to us  It’s as fresh and as relevant now as when he penned the words in 1934 and the first chapter appears below. There is much that we can learn from his writings as we head pell-mell toward an economic melt-down of global proportions.

D'Arcy Craig Milligan 

To read the first chapter of  G.G. McGeers book “The Conquest of Poverty” go to the index on the left side of your screen.

If you believe that this Journal is doing important work we do need your financial support,  please make a  donation. (International Bankers excluded)......Claire Foss

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Is this earth merely a bank to be robbed, or is it a fantastic garden, where the responsibility for tending is up to every one of us?

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