Friday, May 14, 2010

Economist Tim Madden: The PIIGS Brief: understanding how oligarchs rig, loot our economies. 4 of 4

Won’t fly in an international court or breach-of-treaty determination
The legal and equitable significance of the foregoing is to make it clear that the necessary defence of Canada and its courts/legal profession cannot and will not stand before an international court or breach-of-treaty determination proceeding.
At the initial level Canada is dead-in-the-water because under ss. 347(7) of the Criminal Code it provided for a scheme of dispensation under which it could, and subsequently did, permit mainstream financial institutions based in Canada to illegally and criminally convert interest-in-fact into pretended principal on the face of registered securities, so as to facilitate the general trade and traffic in securities so falsified. The general mechanism of the scheme was to trivialize the substance of the offence by unlawfully and illegally making criminal prosecutions subject to the selective consent of the provincial Attorneys-General, so as to bring down the full weight of the criminal law on an accused living human while concurrently aiding and encouraging commercial traffic in the same offences by corporate persons. (more)

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