To what degree is the national debt of Canada a practical joke?

DennisTate · Feb 9, 2023

I believe that the national debt of Canada is significantly a practical joke being played on nearly thirty eight million Canadians who do not know their right hand from their left when it comes to economics.

I also believe that Canada's political right is nearly as guilty as our political left is when it comes to reading a script that is given to political leaders from some extremely intelligent people who lean toward the economic philosophy of Neo-Malthusianism.

Based on this other poll it seems obvious that I am not the only poster to political forum who has arrived at this general conclusion.

?
Is the world economy being deliberately dampened, perhaps to save the environment?

*
Yes
3 vote(s)
75.0%

No
0 vote(s)
0.0%

Maybe?????
1 vote(s)
25.0%

Change Your Vote

As evidence for my theory I will give you some information on the brilliant Bank of Canada policy that was applied her from 1938 to 1974.

(Ms. Betty Krawczyk ) .... "The Bank of Canada was first established by Prime Minister Richard Bennet in 1935 as a private central bank, but was then nationalized by William Lyon Mackenzie King in 1938. By nationalizing the bank, Mackenzie King meant for it to belong to the people so the Canadian government could borrow funds with little or no interest for capital expenditures. The mandate of the newly nationalized Bank of Canada was to act as the banker to the government and to manage the public debt. As Mackenzie King famously said: “Once a nation parts with the control of their currency and credit, it matters not who makes that nation’s laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of sovereignty of parliament and of democracy is idle and futile.”

So the Bank of Canada was nationalized in 1938 and the government could now borrow money with little or no interest. And it worked. The Canadian government built freeways, public transportation systems, subway line, airports, the St. Lawrence Seaway and funded a national health care system and the Canada Pension Plan. But then Trudeau, under the influence of the international financial group called Basel’s
Committee’s Recommendations (The Basel Committee on Banking Supervision) made the decision to halt the borrowing of money from the Bank of Canada, and instead, chose to borrow from the private banks who instead of lending to the government at no interest, or low interest, introduced higher interest rates along with compound interest.

All banks know very well the magic of compound interest. And Pierre Trudeau must have known that the mounting compounded national debt would lead to Canadians eventually owing a dollar fifty for every dollar of their disposable incomes. After all, he studied economics at the London School of Economics. Surely the professors there knew about compound interest.

So Pierre Trudeau, instead of feeling blessed that Canada, unlike the US, had a nationalized central bank, signed our bank away to the private banks. Couldn’t Trudeau, such an educated man, surmise that citizens in a few years would be struggling to make car payments and meet rent and mortgages and student loans and to buy healthy food while last year’s profits for the big five (that’s Royal Bank, TD Bank, Scotiabank, Bank of Montreal and CIBC amounted to $31.7 billion?) If he did, he didn’t care. But it doesn’t have to be this way. It really doesn’t. Our Bank of
Canada is still there. Next time." (Ms. Betty Krawczyk)

https://bettysearlyedition.blogspot.com/2015/07/how-pierre-trudeau-turned-us-into-debt.html
Click to expand...

DennisTate · Feb 9, 2023

I could be wrong....
I often am but I strongly suspect that Prime Minister Pierre E. Trudeau back in 1974 made one of the most colossal errors made in the last fifty years by a sitting Prime Minister of Canada in order to make it possible to pull off something of a joke on an American population.........

... who would have noticed the difference if the brilliant Bank of Canada policy of 1938 to 1974 had been continued for another decade or two.

This surge in the national debt here in Canada was needed to pull off......

Both images can be viewed along with this article.

The Public-Debt Problem
Written by Alain Pilote on Monday, 30 June 1986. Posted in In This Age of Plenty (book)

In this age of plenty - Chapter 34

DennisTate · Feb 11, 2023

I just heard some PHENOMENALLY POSITIVE NEWS FOR THE WORLD ECONOMY......
The Al Gore hairball "Carbon Tax Theory" that lays the intellectual foundation for the terrible Bill Gates "Innovation to zero" theory that includes DEPOPULATION of the world down to two or three billion people........

... .and then later on to a mere five hundred million people..... (plus lots and lots and lots of trans-human partly human and partly robotic and partly genetically modified PATENTABLE partial human slaves for the elite......

..... THERE IS NOW A RIVAL TO BILL GATES WHO DISAGREES WITH HIM PUBLICLY!!!!!

Elon Musk is promoting the idea that civilization as we know it SHOULD NOT GO OUT WITH A WHIMPER IN ADULT DIAPERS.....
but instead of reducing the world population through vaccines and abortions........

.... we DEPLORABLES should actually have more children and grandchildren..... which is actually an option that should be seriously considered........

Here is the interview where Mr. Elon Musk comes out of the closet as the ring leader of people who actually disagree with the POSTER BOY FOR DEPOPULATION, BILL GATES!!!!!!

"Elon Musk reveals his Knowledge on Aliens, Challenges Putin to UFC and predicts WW3"

An obvious question is on my mind........
could Elon become interested in a plan to attempt to boost the economy of the Middle East and begin to set in motion better relations between Jews, Muslims, Christians and everybody else who live in the Middle East?

Immigration levels to Canada hit record high in 2022 ..

DennisTate said: ↑

Will world peace begin with immigrants from many nations who go to Canada and find out ways to address the root causes of the conflicts that were going on in the nations that they left?

I am hopeful that this will be the case, for example, immigrants to Canada from the Middle East may be able to turn the world away from the Al Gore Carbon Tax Theory and the Bill Gates, "Innovation to zero" emissions theory, and instead adopt the more down to earth approach to Climate Change advocated in the Jewish, Islamic and Christian scriptures as well as by a New Mexico biologist and coach.

Here is an ancient Islamic prediction that sounds like a brilliant response to both the threat of rising ocean levels... as well as to the Economic Crisis that it appears some influential people seem to want to occur.

Book 005, Number 2208:
"Abu Huraira reported Allah's Messenger (way peace be upon him) as saying: The Last Hour will not come before wealth becomes abundant and overflowing, so much so that a man takes Zakat out of his property and cannot find anyone to accept it from him and till the land of Arabia becomes meadows and rivers."
SAHIH MUSLIM, BOOK 25: The Book on General Behaviour (Kitab Al-Adab)
Click to expand...

Assisting nine point four million Israelis to divert investment away from warfare and instead into large scale desalination of ocean water for
agriculture, reforestation projects and to make life better for everybody who lives in the Middle East will lead to
the fulfillment of Isaiah chapter thirty five. This fits with the Jewish concept of Tikkun Olam.

.. "Tikkun olam (Hebrew: תִּיקּוּן עוֹלָם, lit. 'repair of the world') is a concept in Judaism, interpreted by some within Orthodox
Judaism as the prospect of overcoming all forms of idolatry, and by other Jewish thinkers such as Reform Judaism as an
aspiration to behave and act constructively and beneficially." (Tikkun Olam, Wikipedia)
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... "The wilderness and the solitary place shall be glad for them; and the desert shall rejoice, and blossom as the rose.
It shall blossom abundantly, and rejoice even with joyand singing: the glory of Lebanon shall be given unto it, the
excellency of Carmel and Sharon, they shall see the glory of the LORD, and the excellency of our God.

....
Then shall the lame man leap as an hart, and the tongueof the dumb sing: for in the wilderness shall waters break out,
and streams in the desert.
And the parched ground shall become a pool, and the thirsty land springs of water: in the habitation of dragons,where
each lay, shall be grass with reeds and rushes." (Isaiah 35 : 1, 2, 6, 7 ).

A New Mexico biologist and coach wrote up an alternative theory on stabilization of the climate that fits well with these ancient Islamic and Jewish predictions for the last decades and centuries of human history before our Creator gives us a utopian world where the Holy Spirit is poured out on all flesh.

New Mexico biologist and coach Carl Cantrell.....

"So how is our problem of continental drying causing global warming? It all has to do with vegetation and sunlight. When sun light hits a plant, it causes a process which we call photosynthesis where the energy from the sun light creates oxygen for us to breath, water for us to drink, and is stored as sugar for plants and animals to use. When the same sun light hits the soil, all of its energy turns into heat and is radiated back into the atmosphere, carried away by running surface water such as rain fall, is carried away to other areas by our winds, and diffuses down into the soil towards the earth's crust. All of this warms our planet increasing its average temperature.

Therefore, the less vegetation you have on the planet, the more sunlight is being turned into heat and the warmer the planet becomes. This is very critical because warmer and dryer winds dry out other land areas faster decreasing the vegetation on those land areas. Less humidity in the air also reflects less sun light back out into space so that more sun light strikes the earth and more heat is generated.

The truth is that you can do more to decrease global warming by just reducing the average temperature for the Sahara Desert by one or two degrees than if we humans completely quit using fossil fuels and returned to the cave.

So, how would you start working to resolve this problem? Easy, cool the deserts and get some vegetation growing on them as soon as possible. But the method is much more complex than that. You have to use the prevailing trade winds in relation to the deserts to get the best results as quickly as possible and it will be extremely expensive.

Then we build desalination plants along the coast near these water sheds and pipe water to the tops or ridges of the water sheds

This will do a number of things. First, it will increase the moisture in the desert soil so that it will develop water tables and water will begin to run in the streams. This water will increase the amount of vegetation in the area and decrease the amount of heat being generated by sun light cooling the watered area and all areas down wind of the watered area. As more available water evaporates, it will cool the air and reflect more sun light back out into space cooling the area even more. Cooler and more humid air will have less of a heating effect on areas down wind and will reflect more sun light back into space in those areas cooling areas we won't be watering yet. Cooler and more humid air will also have less of a warming effect on our seas and oceans.

Rain water running off of cooler soil will decrease the heating effect on our oceans and our planet crusts which will decrease catastrophic storm activities for other areas and seismic activity for the entire planet. Also, returning more ocean water to the surface and aquifers of our continents will lower the sea levels providing more usable land for us to farm and build on.

With cooler desert areas and increasing vegetation, less water will evaporate from our deserts increasing the amount of surface water even more and increasing the amount of vegetation and animal life by huge amounts because deserts currently take up more than 20% of our land surface. Populations will be able to spread out and there will be less competition for existing land areas.

This strategy has to be done in steps with the first step being to begin slowing the rate at which our global warming is increasing. We need to focus on that until we have brought it to a point to where the temperature is not increasing any more and is reasonably stable. While we are doing this, we need to come to a global consensus of just how cool we want to cool our planet down to. If we cool it down too much, we will begin to have devastatingly harsh winters in large populated areas and even cause an ice age to set in.

Then we begin cooling the planet down to a point which will be most beneficial for all countries or the planet as a whole. We need to gradually bring the temperature down because there may be a lag effect in which the planet will continue cooling after we stop increasing our efforts to cool it off more. We may even want to stop cooling the planet once or twice before we reach our targeted temperatures to see if there is a lag effect

We need to start working on this as soon as possible because, if the planet reaches a point to where it is warming faster than our technology can possibly stop or reverse this warming trend, then our planet is lost and all life will cease to exist on this planet within a relatively short period of time. We will need to start with the largest and hottest deserts because cooling them will have the greatest benefit in the least time. (Global Warming II by biologist Carl Cantrell).
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https://ca.finance.yahoo.com/news/immigration-levels-canada-hit-record-high-2022-184317777.html

Immigration levels to Canada hit record high in 2022
Canada has settled more than 800,000 newcomers in the last two years

Click to expand...

In a way..... Elon Musk seems to be the guy who might just be interested in the next logical step after The Abraham Peace Accords..... which I think is TURN DESERTS IN THE MIDDLE EAST GREEN!!!!

After the Abraham Peace Accord turn deserts green...

DennisTate · Feb 11, 2023

I am sure glad to hear that Elon wants to see INFLATION go down......
that puts him at odds with Biden and Trudeau.....if my theory on their objectives is at all correct......
.......
" Printing a lot of extra money will not of and by itself produce hyper-inflation.....

you also need to DECREASE PRODUCTIVITY......

paying people more who do nothing......and hammering away at the twenty percent of the population who do eighty percent of the most valuable work with higher and higher and higher levels of taxation.......
is a good way to set the stage for hyper-inflation......
and both Biden as well as Trudeau have been doing that for these past two years. "

?
Do Biden's advisors want to create an economic crisis?

No
8 vote(s) 40.0%

* Yes
10 vote(s) 50.0%

I certainly hope not????
2 vote(s) 10.0%

I hope so... because I know how to invest no matter which way this goes! 0 vote(s) 0.0%

Change Your Vote

"Do Biden's advisors and Trudeau's advisors seem to want to crash the markets? "
http://www.politicalforum.com/index...ors-seem-to-want-to-crash-the-markets.600585/

DennisTate · Feb 11, 2023

I personally suspect that the escalation of the feud between Bill Gates and Elon Musk is good news for Americans...... good news for Canadians... .and good news for the world economy...... and good news for all eight billion residents of this third rock!!!

"Bill Gates Takes Jabs at Elon Musk & Calls His Plan a Waste of Time | Direct Message | Rubin Report"

https://rumble.com/v28jg0a-bill-gat...and-calls-his-plan-a-waste-of-time-direc.html

DennisTate · Feb 15, 2023

Fascinating.........

.... this is just getting started.......

DennisTate · Feb 19, 2023

Here is an option that can alter the economic formula for Canada and begin the process of proving that the national debt of Canada is significantly a practical joke..........

......
The Worgl Austria Great Depression Experiment and a real estate boom in rural America?

DennisTate said: ↑

My belief is that we must turn local governments loose to do variations of the Worgl, Austria local money experiment again.

This can lead to a method of connecting people with their neighbours in each local area which can play a huge role in a boom in real estate prices in rural America and Canada.

Could a real estate boom plus better Fed policy pay off USA national debt?

"There will be a sudden rush to buy farms, ranches, and homes in the country.

Thousands will attempt to flee from cities, hoping that a return to the land and

nature will provide security. There will be a growing urge to "get away from it

all"---and much money will be invested in land and acreage in rural areas by

people who have secret dreams of raising their own food and cattle and of

becoming self-supporting. The price of open rural land will continue to soar.

Acreage within 100 miles of most major cities will skyrocket out of reach to

all but syndicates." (David Wilkerson, The Vision, page 18,19).

Click to expand...

I believe that the economic aspect of this COVID 19 crisis is so serious that we need to resort to drastic measures to prevent the USA and Canadian economies from falling into another 1929.

I personally think that the most logical organizations to inspire to do part of this are
1. local municipal governments
2. churches
3. charitable organizations that are already attempting to help the poor such as Food Banks

Large churches in democratic nations should print their own currencies.

http://www.whatcomwatch.org/php/WW_open.php?id=717

City in Austria Printed Local Currency
Worgl, like many other European towns and cities, was hit hard by the Great Depression. There was mass unemployment; four of the five local factories had closed, and the people were starving in the streets. Nobody had any money to buy anything. One of the features of an economic depression is that there is not enough money in circulation to ensure that people can meet their basic needs, and in the 1930s, the shortage of currency in many countries of the world became catastrophic.

The mayor of Worgl, together with local businessmen, decided to try to break this economic impasse by creating their own local currency. They printed and issued 60,000 Austrian shillings worth of local currency. These shillings could only be spent in Worgl, so they remained in the local community and were exchanged over and over again.

The positive impact was immediate and surprising to everyone. In only six weeks, unemployment disappeared, all the factories had reopened and everyone had food. For the inhabitants of Worgl, the economic depression was gone. This dramatic transformation became known as the “miracle of Worgl.” Surrounding towns, inspired by the success of Worgl, immediately started printing their own local currencies.

Sadly, the miracle did not last long. When the Austrian Central Bank heard about Worgl’s local currency, they initiated legal proceedings against the mayor and local businessmen. According to Austrian banking law, it was illegal for anyone except the Austrian Central Bank to issue money. The bank won the court case, and the mayor was ordered to shut down the local currency, which he did, under threat of imprisonment. The town then returned to the devastating economic depression of the 1930s, with all the human pain and suffering associated with this catastrophe. Factories closed, and once again, the people starved.

Alternative Currency in the U.S.
Irving Fisher, an American professor of economics at Yale University, visited Worgl before the local currency was suppressed and witnessed the ‘miracle’ firsthand. When he returned to the United States, Fisher spread the word by traveling and lecturing across the country, advocating the use of the Worgl ‘scrip’ everywhere. Inspired by his vision, hundreds of communities began issuing their own currency, and by 1934 there were over 1,000 local communities using ‘scrip’ throughout the U.S.

Every one of these communities experienced a tremendous rejuvenation of their local economies. They thrived while others suffered. Fisher then met with President Franklin D. Roosevelt, proposing the implementation of government-sanctioned local ‘scrip’ in every community in America. When FDR consulted with his top financial advisors and bankers, however, he was advised to shut all the ‘scrip’ systems down, which he did. Instead, he borrowed large amounts of money from bankers, at interest, and used it to pay for the Reconstruction Finance Corporation and the other work-creation projects, which collectively came to be known as the ‘New Deal.’ So ended the last widespread use of a local currency within the U.S.

This pattern of economic collapse and re-emergence of local currencies has occurred thousands of times in many parts of the world. When these currencies have failed or have been suppressed, banks have not always been to blame. Sometimes, local currencies fail because they have been badly designed or implemented. Sometimes, people lose interest in them when the mainstream economy recovers. But they have always returned in one form or another during times of economic failure.

Our present world situation is uniquely different. Despite a relatively prosperous and stable world economy, a quiet monetary revolution has been occurring around the globe over the last 20 years. Awareness is growing about the flaws in our current monetary system, and people are re-creating viable alternatives. We are witnessing for the first time the worldwide creation of money systems designed by the people who use them, instead of by central banks." ( by Francis and Lia Ayley
The Truth About Money: The Money SystemIsnt There a Better Way?)
Click to expand...

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DennisTate · Jul 4, 2023

When Mr. Kevin O'Leary campaigned for the office of national leader of the Conservative Party... he was my number one choice.... and I actually wrote his name in as my number one pick. I am ashamed to say that Mr. Andrew Scheer was my number two choice that year.... .and Mr. Maxime Bernier was only my number ten choice... because back in those days I really did not know who Mr. Bernier was!!!

I have a plan in mind that actually might make a pretty good episode on Dragon's Den..... eventually....... because it does not at all exist yet..... and I have to do a lot with the concept before it could make it to Dragon's Den!

"To what degree is the national debt of Canada a practical joke? "

http://www.politicalforum.com/index...ional-debt-of-canada-a-practical-joke.608127/

"Two best university friends appeared in the CBC, Dragons’ Den, and presented their idea for an automated crypto trading platform called TradeGPT. The platform empowers the average person to safely trade in the crypto market. Even if they have absolutely no experience in investments or technology."

We decided to check out TradeGPT and were amazed by the result.

By Heather Mallick Star Columnist
Tuesday, 4 July 2023 3 min. read

The episode that drives all Canadians crazy is now confirmed
Click to expand...

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To what degree is the national debt of Canada a practical joke?

To what degree do you suspect that the national debt of Canada is being deliberately increased?

I think that the Canadian national debt is 1-5 percent deliberately planned.

I think that the Canadian national debt is 6 -10 percent deliberately planned.

I think that the national debt of Canada is elven to twenty percent deliberately planned.

I think that the national debt of Canada is twenty one to thirty percent deliberately planned.

I think that the national debt of Canada is even more than thirty percent deliberately planned.

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To what degree is the national debt of Canada a practical joke?

To what degree do you suspect that the national debt of Canada is being deliberately increased?

I think that the Canadian national debt is 1-5 percent deliberately planned.

I think that the Canadian national debt is 6 -10 percent deliberately planned.

I think that the national debt of Canada is elven to twenty percent deliberately planned.

I think that the national debt of Canada is twenty one to thirty percent deliberately planned.

I think that the national debt of Canada is even more than thirty percent deliberately planned.

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