If we had real politicians we would not be where we are now.
I do not mean that all MPs, MLAs and councilors are crooked, but for some reason they will NOT use our Bank of Canada to finance the country and her needs. We did when it was created for us and history will show that until the Bank of International Settlements threatened to bar us and our healthy dollar from international trade we did very well. We financed our share of the second world war, The St Lawrence Seaway, healthcare, Canada pension, Trans Canada Highway, wheat borad and so much more and the only debt we incured was to ourselves, and any small interest paid on that debt was paid to the Minister of Finance on our behalf. Now we use the commercial banks and pay compounding interest to them and in fact we now have trouble even in paying that interest. This Minister of Finance is completely in the hands of the international banks and we will never get out of the spiral until we turn again to the Bank of Canada. We can cut everything and it still will not be enough to pay the interest.
Interestingly the State of North Dakota has its own Bank and is completely debt free, as was Libya before we supported the rape of that country by the IMF.
