BEIJING, Jan. 13, 2021 (Xinhua) — The central banks of China and Canada have renewed a bilateral currency swap agreement, the People’s Bank of China has announced.
“The swap line has a size of 200 billion yuan (30.96 billion U.S. dollars), or 39.39 billion Canadian dollars. It will be valid for a five-year period and can be extended on mutual consent.”
Published on January 14th, 2021, the Chinese media source article states that a currency swap extension between the two central banks will help promote bilateral financial cooperation, expand the use of local currencies and facilitate trade and investment.”
Several thoughts bubble up upon comprehension of the transaction:
— The Liberal Government of Canada has taken another major step toward financial integration with the communist government of China.
— CBC, Globe & Mail and the rest of establishment media have refrained from exposing the massive financial transaction.
— Not a single Canadian voted for, approved, or requested this step– or any other– toward financial integration with China.
What to conclude? Obviously, 98% of Canadians will be concluding nothing at all. How could they, when our citizenship knows nothing about the transaction.
Cultural Action Party draw a conclusion. The situation is par-for-the-course. The Liberal Party of Canada has been partnering with the communist government of China since Pierre Trudeau opened the door in the early 1970’s. Trudeau Sr. was the first leader of a western nation to establish diplomatic ties with China. Serving as a catalyst, U.S. President Richard Nixon followed suit.
From financial partnering to emulation of governance. Any readers get the distinct feeling that PM Justin Trudeau is converting Canada from democracy to dictatorship? Incremental manifestations of communist governance continue to flavour the Trudeau palette.
In the opinion of CAP, Justin Trudeau is fully conscious of Canada’s political conversion. One can argue that he is facilitating the agenda. Add to this an intentional cover-up from media for the purpose of public deception.
How far back can the Canada-China financial relationship be traced? Just three months after its opening in 1817, the Bank of Montreal(BMO) undertook its first foreign exchange transaction in support of trade with China.
“In U.S. backyard: How China embedded itself in Canada” delivers a plethora of historical details never revealed by Canadian media.
A direct line to modern times can be traced through the formation of the Canada-China Business Council, instigated by Pierre Trudeau, Power Corporation of Quebec and the Board of Directors at BMO.
To facilitate, mainstream media has for over a century obscured the Liberal Party-Chinese government relationship. Or should we say– partnership.