since the war, i'm not aware of any country paying off its debt, i really doubt it could ever be in the cards.
debt financing is what keeps this whole corrupt gong show on its feet, the private reserves lending money and creating currency forever. nothing at all to back it up.
what's funny is that before trudeau's government we were paying it off, the war debt i mean.
i fear that once the international banking cartel gets its hooks in, that is the carte blanche to lend and lend, that the deal is they can keep milking this debt forever.
the US government in fact borrows its whole budget, and uses tax money to pay the interest and not much else.
not sure EXACTLY how it goes in canada, though i know that since the 50s we've abandoned fractional reserve - at last count 13-1 - and now the reserve lends unlimited regardless of reserve size.
this all of course is a ridiculous house of cards.
|