The Bank Act of Canada - The Bank of Canada Regulations

I found this excerpt from the Bank of Canada regulations. Clearly our society begins with a loan, dooming this system since the day the first bill was printed. Why do we need to create debt in order to create money? If this bank was so nice to Canada, wouldn't they just give the money away? It is ,after all, the Bank of Canada. I thought to be of Canada you are a part of its betterment?? How can this be any better for us as a nation to be in debt because of the 'interest system' we live in??

The Bank of Canada shall:
(j) make loans to the Government of Canada or the government of any province, but such loans outstanding at any one time shall not, in the case of the Government of Canada, exceed one-third of the estimated revenue of the Government of Canada for its fiscal year, and shall not, in the case of a provincial government, exceed one-fourth of that government’s estimated revenue for its fiscal year, and such loans shall be repaid before the end of the first quarter after the end of the fiscal year of the government that has contracted the loan;
I do not remember being told about this system in high school. In fact, we did not even have an economics class in High School. We covered the notion of debt, but it seemed to be an issue created by too much government spending, and not the truth, where the Bank of Canada is a private institution designed to bleed the citizens of this great nation.

IF THIS SYSTEM STARTS WITH A LOAN, THE MONEY WE RECEIVE FROM THAT LOAN WILL NEVER HAVE THE VALUE IT HAD BEFORE THE LOAN, AS THE INTEREST AMOUNT WEAKENS THE VALUE OF THE LOAN, AS YOU IMMEDIATELY OWE MORE THAN THE ORIGINAL LOAN.

The most paid bank scammers are the federal banks, which reap rewards for being asked for money. The middle banks don't mind though. They get billions of our hard earned money. Why do we need to have middle bankers??? One bank will work fine thanks!! Here is an example of those pricks in the middle working hard for your money.
3.46 Billion Dollars in profit from revenue of 12.78 Billion Dollars for J.P. Morgan. That means for every $1 in transactions, they kept 27 cents!!! (<-- The Economist).

And of course, thanks to the quick fingers of the federal reserve, we have electronic monies for all to enjoy!!! Sweet, we can pay you more for nothing essentially. The Federal Reserve and any other money creating bank should be destroyed. We will one day hopefully see a time where we can mobilize against this cyclical destined for failure system.

THEY WILL ALWAYS HAVE MEASURES AND CHECKS THAT WILL RUIN OUR GREAT STREAKS OF SUCCESS, GIVING EACH GENERATION ANOTHER EXCUSE.