There Is No Good Reason for Austerity Budgets

We have just experienced 2 budgets in as many days, and both made large cutbacks. Both have made cuts in the area of the most vulnerable members of society. Ontario’s budget froze payments to those on Social Assistance, while the Federal Government has proposed to raise the age of the Old Age Supplement. While the bottom 5% of the economic scale gets dumped on, the 1% is being blessed; both the Ontario and the Federal Governments have fought public opinion to give their 1% buddies, the large banks and Multinational Corporations a massive tax cut. This though it has been proven that tax cuts have not resulted in more jobs or investments in upgrading machinery etc. It is clear, Government has always maintained the status quo for the 1%, without fear, because the power is with the 1%, and not with a divided 99% which strictly acts in individual self-interest.

The 99% would do well to remember to care for each other in a spirit of I am you and your interest is my interest, because humanity still remains in us. The 1% are bereft of compassion, divorcing compassion in favour of greed for my and our pocketbooks, and our wills. They would take are souls and feel like they have been cheated of more.

We live in a transient time, where values have shifted, and lives seem nothing like the past. And in this shift much has been lost. In the past, within in a primitive society a father or mother, or a grandparent would teach the children the skills, the values, and the thoughts that would maintain that society and/or community. In our modern world the responsibility to pass onto the children the learning of the elders has been lost, and so we have lived, in the past few generations, as people who have become divorced from the past. That mean also the knowledge of the past. As the years have gone past the successing generations not only not know what the older generation knew, but they will not even know to ask the right questions because the existence of those things have been so far disappeared.

I will say this one thing, that there is no need to deal with austerity in our government budgets. The young generation do not know, and that is likely that the older generation took no particular notice or concern for politics, but there was a time that our governments of the past did not go to private banks for our financing, rather the Bank of Canada would have supplied Canada with the funds they needed to take care of the affairs of the people. There is no need for debt, and interest payments to banks. With the Bank of Canada funding the nation everything can be accomplished without the yoke of slavery around the peoples necks. The 99% better learn this quick. The 1% only care about bottom lines, and in no way for people.

Our Federal Government has given power to private banks that will result in the enslavement of the Canadian people, via personal loans and also by way of the Canadian Government opting to borrow from private banks rather than from Canada’s own bank, the Bank of Canada. You’re right enslavement seems rather a strong word, but 1. if the Bank of Canada created money as they did before 1974, the interest rates the private banks would charge you for your mortgage would be much lower. Not only would the rate be lower, but our Government have also given our banks the power to charge compound interest rather than simple interest. 2. the second way Canadians are being enslaved is through taxes. If our governments, both Federal and Provincial, would borrow their money from Canada’s bank, the Bank of Canada we would have no need to run deficits. That would also mean that our governments would not have debt. No debt and operations run on debt-free money mean that our taxes would be a small fraction of what we pay today.

People like to think about what they would do with their money if they won the lottery, so just think about what you could do with your money if you did not have such a huge debt load, and had more than 3/4 saved that you pay for taxes. Would I be foolish to think that it would be freedom to not have to pay so high taxes. A Winnipeg Free Press article stated that “Add property taxes, sales taxes, profit taxes, health taxes, social security taxes, alcohol taxes, tobacco taxes, fuel taxes and many others to the mix and the average Canadian will pay $37,700 in taxes (42.6 per cent of income) in 2009.”

The average Canadian family’s household debt rose to $96,000 last year,   Think of how much of your life is spent servicing your compounded personal debt and to pay your taxes, and tell me that you are not a slave to these payments and it is all due to the power the private banks have been given over us.

If you would like to learn more about the sham of Canada’s economic system watch as a 12 year old gives a speech about it to a crowd of 600 people. Aside from being informative, the girl’s speech is amazing.



About pushinback

Back in 1993, I attended an anti-Nafta rally in Ottawa along with over 110,000 others. But despite the overwhelming opposition to NAFTA, the steamroller rolled on. It was there that I came to understand the one vital thing that I have been preaching ever since. There are so many issues, and so many fighting each issue, we are all spinning our wheels, and wasting our time, talents and energy, because each election, we give the politicians our power and so the deck is stacked against us. I said it that day and I say it with more fervency today. We all have one issue that we share, and we should all stop fighting for our own issues and losing anyways, and we should fight to achieve that one thing that we all share. We Canadians all have to fight to finally get a say between elections. We need to fight to make politicians accountable to us, the people. If there is no accountability, and the people have no say between elections, we have no Democracy. My Blog is written to teach the reader the essential knowledge of freedom and Democracy. Please read, and learn. I am one person, but I leave you my witness that one person is not powerless, only first you must first learn and then act. Let the democratic revolution begin. Kindest regards, Rob McQueen
This entry was posted in 1% / 99%, Economic / Financial / Bank of Canada and tagged , , , , , . Bookmark the permalink.

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