Guess who this cozy arrangement benefits!
Because of the way in which money is created, our largest federal expenditure (in Canada) is the interest on the debt, called 'the public debt interest'.
The Best Kept Secret of the 20th Century -How money is created, and who creates it, explained by the Hon. Paul Hellyer.
(Similar situations prevail in ALL of the G-7 countries.).
It doesn't have to be that way!
If the Bank of Canada were used intelligently, Canada's social program, health care, and educational funding needs could be met...
Applications and Solutions, outlined bv William Krehm
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"The Creation of Money and its Consequence" is presented in an educational format. Part I describes the money-creation process. Part II outlines the 'manufacturing of disbelief' necessary to maintain a social system wherein a substantial portion of our tax dollars benefit only a few; rather than provide for much-needed national, regional social and infrastructure programs which benefit us all. |
| Who do we owe this money to? How has this happened? What are the consequences? Is there a better way? You bet there is! |
from the Government of Canada, the Bank of Canada Act, and other reliable sources.
