The Question that Shouts Out from the Silence of the Page

Here is a chart from Statistics Canada. It represents Canada’s debt from the time of Confederation until 2008. As you can see, Canada’s debt lay flat many years and quite suddenly a curve developed and it seemed like the line was a jet and took off into the heavens. The peak was closing in on almost $700 Billion of debt. Today, Canada’s debt is about $630 Billion which represents a ball and chain of $17,500 for every man, woman and child. See Canada’s Debt Clock : http://www.debtclock.ca/

pushinback

aHere is a chart from Statistics Canada. It represents Canada’s debt from the time of Confederation until 2008. As you can see, Canada’s debt lay flat many years and quite suddenly a curve developed and it seemed like the line was a jet and took off into the heavens. The peak was closing in on almost $700 Billion of debt. Today, Canada’s debt is about $630 Billion which represents a ball and chain of $17,500 for every man, woman and child. See Canada’s Debt Clock : http://www.debtclock.ca/

It wasn’t always this way. Back in the midst of the Great Depression, the banks had called their loans, and at the same time the banks did not lend money out. This was the cause of the Depression; very little money in the economy.  So, the Canadian Government under Lyon MacKenzie King, bought a few banks and created the Bank…

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