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basically Canada has so much debt that if we entered a deflation status than debt servicing would become impossible and the country would become bankrupt. The Bank of Canada governor therefore sees inflation, like that seen in weimar germany, as a good thing.
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>What is debt financing?
its the interest we pay every year to the private banks that loan money to federal and provincial governments.
>how much debt is Canada in
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nothing ever happens in Canada
Redpilled accelerationism finance jew
Well, he is obviously a secret nazi supporter.
>what does this cost?
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60.8 billion every year. And this was 2014/15. The debt is at compound interest and the liberal government has been spending, not paying down the debt for 6 years.
Now with all the spending the government is going to be in even MORE debt. And where does the money go? To private banks who loan to our government when our government could just print the money themselves!
If Canada comes out of this without a great depression then our great great grandchildren will still have to be paying off this debt to bankers.
let the leaf become bankrup
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Leaf Hitler. Bwahaha.
The weimar republic was the pinnacle of human civilization. Thanks to nazis we are just now reaching that point again.
Source from where Im getting the charts
fraserinstitute.org
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