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