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Jan 01

My “Free the Prisoners, Jail the Guards” award will be shared this year by… our Canada Revenue Agency and the Royal Canadian Mint.

A recent audit found that the guys who are watching your books like a vulture, have lost $3million since 1999 because hundreds of former Revenue employees were mistakenly left on payroll after they quit or were let go.  Meanwhile, a little further down the road, the other guys who are guarding our gold reserve at the Royal Canadian Mint lost track of $15.3 million in gold.  Fortunately, after spending $1.3million on follow-up audits it turned out the Mint was only guilty of not being able to count – that and an accidental garage sale that saw $3 million in gold sold at well below market value to some US refineries.