Friday, October 2, 2015

bob h.
Lets talk about the real, biggest issue for a second.

Justin's father sold Canada out to private banks. We used to print our own money interest free for infrastructure before Justin's dad came into office. Then he illegally changed it so OUR BANK OF CANADA borrows AT INTEREST (instead of interest free as is mandated in the banks charter - See COMER v. Bank of Canada) from foreign private bankers instead of making our own cash like we did before Trudeau (1974). ALL of our tax dollars now go to foreign private bankers just to try and pay off illegal odious interest (debt), then if we want to do anything we have to borrow more at interest again, and again, and again. Forever debt slaves. P. Trudeau sold Canada out to banksters who then control the policy making through lobby/threats, and they also control much of the media narratives these days too.

Justin saying he wants to run a deficit is him pledging to continue selling us out to those foreign banking "elites" by borrowing more from them at high compounding interest; which will just increase our taxes, sale of Canada's land/resources/services to them at penny's on the dollar, and austerity. Those pricks make trillions from OUR TAX DOLLARS for doing nothing but bribing/buying/blackmailing/bullying our politicians.

Those that know, know Tom and May are aware of this scam and want it stopped. That's why they're slammed on CBC and Canadian MSM regularly. There hasn't been a positive story/light from CBC for anyone other than Justin/Harper for a long time. They're both bankers boys

jessica murray
this is a myth created by paul hellyer. canada has always financed most of it's deficit spending with private money. the bank of canada only funded specific types of infrastructure development. and, in fact, trudeau is proposing more bank of canada borrowing through his new green infrastructure bank.

there was a mild shift from public to private borrowing in the 70s as a consequence of a global agreement that took place after the collapse of bretton-woods. in canada, the shift was from around 20% to around 10%. minor.

and, in fact, trudeau rejected this logic in favour of traditional keynesian ideas on the relationship between employment and inflation. the actual reason that the debt exploded after 1975 is that interest rates were set very high (over 20% sometimes) in order to fight inflation, which was the mainstream economic theory of the day. the cause of this was the opec oil embargo.

there was never a structural debt-to-gdp imbalance during the trudeau years. we just ended up with huge interest payments because the interest rates were ridiculous. and even looking back, today, it's hard to provide a better answer.

www.cbc.ca/news/politics/french-language-debate-party-leaders-quebec-1.3255075