You are a lobster and you are sitting at the bottom of a large pot, with all your fellow Canadians, feeling rather trapped now. You have already had taxes added to you to pay for past debts, and public services, and now that new infrastructure is being proposed you know that new taxes are going to have more and more taxes heaped on you. Maybe you are a Canadian being told that your stamps for mailing will go up and postal services will be reduced. What are you going to do sitting there at the bottom of that pot with the water getting ever hotter around you?
We have our governments always telling us they have no money, so they either have to cut services, or go deeper into debt, or raise taxes, but the keepers of our Power, our political leaders and representatives are keeping us stranded in the pot with a wrong paradigm. They force us to live with the wrong paradigm that keeps turning up the heat on the taxpayer and some day we taxpayers are going be cooked. Look at Greece and Spain, and Ireland and on and on, they are all taxpayers that are getting boiled in pots because their leaders live by the same paradigm as the Harper Government, and the Wyn Government, and every other provincial government.
So, what is the wrong paradigm that is going to cook us? It is a Debt Financing Economic System that can only get worse as time goes on. Flaherty and Harper keep telling us that they have been the best managers of our Economies in the G8 during the Recession, but they either do not know this secret, or they deliberately manage a Debt Economy to keep the Financial Industry happy and wealthy, and keep them in power.
The truth is as long as you as a Country keep borrowing money, and that is your governments’ sole source of financing, then you have to borrow more and more to pay for social programs and/or infrastucture, and then you have to borrow more money just to pay for money you have already borrowed. It is a sure fired formula to boil you in the pot with debt from which there is no escape.
So what is the alternative? Canada has a Bank of Canada that could create money for the Country, so our governments don’t have to borrow money from International Financial Institutions and therefore Canada, the provinces, and the municipalities don’t have to go into debt. Likewise, Canadians don’t have to have their social programs slashed ( as Harper is beginning to do ), nor do Canadians have to pay higher taxes to pay for the programs we want to keep and infrastructure that we need to have. This needs to be the new paradigm for Canada’s financial health; the Bank of Canada creating debt-free money to keep Canada out of debt.
This is not a new concept. Canada financed our Second World War effort through the Bank of Canada creating money to pay for planes, and tanks, and ships etc. Why then can’t the Bank of Canada create money to finance the Post Office so we can get door to door mail delivery? and without the price of our stamps having to go higher. Why can’t money be created so that Toronto can build their subways? Why do the poor have to be poor and squeezed by the 1%? And why can’t we have all the social programs and infrastructure paid for with debt-free money so our taxes don’t have to go up?
We can remain lobsters in a pot, or we can do something about it, by informing Canadians of a different way of financing our Country Canada. Please share this article on Facebook, Twitter and other platforms to get the idea out. Ideas and knowledge are power.
I suggest for anyone that is unfamiliar with the concept of the Bank of Canada creating debt-free money to pay for social programs and infrastructure to read one or all of the Related Articles below.