Is the government telling the truth about Canada's debt?
- Thread starter DesRicardo
- Start date
This government hasn't told the truth about anything.
I don't think anyone really has a clue of the real, actual amount of the Federal debt. Nor the Provincial debt, nor municipal... no idea how much debt per capital really exists.
We jsut keep paying half our taxes to service debts that keep growing.
I used to think that one day it will all come crashing down like a house of cards. But I think all countries are so mired in debt that everyone has to keep propping everyone up or we all crash.
But WTF do I know.
Seriously..
We jsut keep paying half our taxes to service debts that keep growing.
I used to think that one day it will all come crashing down like a house of cards. But I think all countries are so mired in debt that everyone has to keep propping everyone up or we all crash.
But WTF do I know.
Seriously..
some think that the government never lies and always tells the truth
who do we all owe this money too, who is this big lender?I don't think anyone really has a clue of the real, actual amount of the Federal debt. Nor the Provincial debt, nor municipal... no idea how much debt per capital really exists.
We jsut keep paying half our taxes to service debts that keep growing.
I used to think that one day it will all come crashing down like a house of cards. But I think all countries are so mired in debt that everyone has to keep propping everyone up or we all crash.
But WTF do I know.
could it be that it's to the ones that print the money?
Who owns Canada's public debt? - ruggedthuglife.com
FAQ: Who owns Canada's public debt? Our answer is… Read the article and find out!
ruggedthuglife.com
Government Foreign-owned Debt:
19%, Canada’s total foreign-owned government debt as a percentage of GDP.
Well I think it's fair to say it's not any lower than they've told us...And if we are judging on past performance. This Liberal government hasn't been that transparent entity that they promised.
My guess is when the Conservatives get in power and open the books it's going to be a disaster. For Chrystia to jump ship at this time you know that it's extremely bad.
What's the big deal? The government can print more money to pay off the debt. Like they did in Zimbabwe, or Argentina, before their new chainsaw president.
How's that work for Agentina? Greece? ..and many more. Weird how they just 'couldn't print off money' to solve their debt. Inflating your way out of debt only works for so long...
List of sovereign debt crises - Wikipedia
en.wikipedia.org
Then next time you want to sell debt to buy more 'stuff' you'll find no one wants to buy it 'cause they know you screwed them. Or they want a huge risk premium that puts you back into default.
This is basic stuff.
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I often wonder if they are just waiting for a collapse so they have the excuse for a reset.I don't think anyone really has a clue of the real, actual amount of the Federal debt. Nor the Provincial debt, nor municipal... no idea how much debt per capital really exists.
We jsut keep paying half our taxes to service debts that keep growing.
I used to think that one day it will all come crashing down like a house of cards. But I think all countries are so mired in debt that everyone has to keep propping everyone up or we all crash.
But WTF do I know.
I wonder who the "they" is that everyone efers to.
As has been demonstrated by every gov't in my lifetime, "they", meaning the gov't, is barely able to organize and execute things like buildign a fucking road fast enough and with any level of competency. Let alone long term planning way past their most optimistic political career aspirations.
I simply think that since the Trudeau gov't started running budget deficits in 1969, subsequent gov'ts just continued to spend more to get votes than they were willing to risk votes through increased taxation. No different than the human nature that gets a lot of people in trouble with easy credit card debt allowing them to live outside their means.
the government or politicians are not "them or they"I wonder who the "they" is that everyone efers to.
As has been demonstrated by every gov't in my lifetime, "they", meaning the gov't,
"they" own politicians and governments
do you think that Biden or Trudeau actually make any important decisions?
They are the World Bank types, Central Bank heads and others. It's not about some secret cabal making plans. It's about a common agenda running for decades and bring perpetuated by choosing people who agree with it. Politicians gain power by falling in line.I wonder who the "they" is that everyone efers to.
As has been demonstrated by every gov't in my lifetime, "they", meaning the gov't, is barely able to organize and execute things like buildign a fucking road fast enough and with any level of competency. Let alone long term planning way past their most optimistic political career aspirations.
I simply think that since the Trudeau gov't started running budget deficits in 1969, subsequent gov'ts just continued to spend more to get votes than they were willing to risk votes through increased taxation. No different than the human nature that gets a lot of people in trouble with easy credit card debt allowing them to live outside their means.
It's international based around the US Dollar as the reserve currency.
I don't know enough to comment intelligently any deeper but will keep both your thoughts in mind.
BTW... are these the same "they" that tells us the weather etc?
I had an idea for a t-shirt with the words: "Pssst...I'm THEY. And that's what I say"
"they" control the weatherBTW... are these the same "they" that tells us the weather etc?
The whole point of going off the gold standard was to allow for unfettered growth of economies and unlimited deficit spending and money printing. The entire economy is based on nothing more than belief. And the presumption of economic activity. As long as everyone believes in it it works.I don't know enough to comment intelligently any deeper but will keep both your thoughts in mind.
BTW... are these the same "they" that tells us the weather etc?
I had an idea for a t-shirt with the words: "Pssst...I'm THEY. And that's what I say"
But think about it. It's all really now numbers in a computer. One massive EMP and all the records are gone. All traces of ownership records financial records are gone except for previous paper trails.
Kings used to rule based on the belief of "divine right". Now it's the Central Banking system.
