[Ark2]

Originally Posted by mikey_the_redneck

All of these factors, especially your second point are in private control right now, and they are not working in Canadians' favor......it will bankrupt our country or we will be completely owned by corporations.

Why do you think it will bankrupt our country? Our banks are all fairly healthy and are not in jeopardy of going under. If you are talking about it bankrupting individual people, then it shouldn't matter who is issuing the debt if you regulate debt requirements (which is something that Canada has done and is one of the reasons why we are in better shape than the US). People will make poor financial decisions regardless of regulations in place however, but I'm not sure why this is all being put on the banks. If you don't like the fact that they are making so much money then don't borrow as much from them. Buy a smaller house, get a smaller care, don't send your kids to private school, etc. Don't want to give those things up? Oh well, then borrow away. Just don't complain about the CEO of RBC being rich enough to buy a small country.

So you don't go for the film makers idea, even though you watched a fraction of it, that is fine. The point is that the system is set up for us to fail. If private hands wrote up legislation to take control of our money, there is surely a way we can write laws that will take it back.

It's actually not set up for us to fail anymore than his proposed solution is (in fact, it is significantly less). I think what you are confusing here is a anti-corporation agenda for sound monetary policy.

Maybe some day we will be able to pay off our debt ....because as the system stands, we are doomed for American-scale debt and a REAL crisis.

I don't think we are. All we need is some more fiscal restraint and for national debt payments to be made every year. I liked the orginal budget that was tabled by the Conservatives before the Liberals and NDP got their hands all over it. It called for some cuts and ended in a small surplus. In an attempt to gain political points, the NDP and Liberals threatened to vote it down unless massive government funding was added and now we're back into a deficit. Ah, the pitfalls of democracy...