7 Comments

We're likely entering the Pollievre era, where we could experience a severe contraction of the money supply. When so much money is going is going out the back door, from our economy into the hands of the foreign banks, a struggling economy has to increase the circulating supply of currency just to avoid a stark Depression.

I doubt that Pollievre will start using the BoC as it was intended. And then after four years of economic starvation the NDP can step in with guaranteed income.

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Mar 16Liked by Dan Fournier

Thank you Dan for presenting this. In the year 2000 Stats Can published a little factoid about the federal debt. The factoid was that since 1867 until 2000, Canada had 'borrowed' $1 for every $16 it had paid back. The period from 1936 - 1974 being a time of nation building and Canada's modernization through the near 0% loans to municipalities.

But by 1971 there was a shift in mindset of the ruling oligarchs who wanted to de-industrialize and union bust the manufacturing base of the West. Canada was far too successful for such a small population, and set a bad example for emerging nations, so it had to regress financially, it had to globalize it's money supply.

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author

Thank you for the spot on comment and stat. This is so true.

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Mar 14Liked by Dan Fournier

Stellar journalism backed up by exceptional research. God save us all.

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author

Thank you Gwyneth. Please don't give me too much credit; for, I was merely re-compiling & presenting existing information based off the excellent work of others.

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Mar 15Liked by Dan Fournier

It is the effort you put into everything you write, compile, research, organize, think, pursue... and if you build upon the shoulders of giants, is that not worth credit? It is certainly worth my thanks.

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Mar 14Liked by Dan Fournier

Excellent!

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