If interest rates spike, we'll become Greece overnight.
This is a very dangerous game the Liberals are playing. We need to show the world we have a plan to balance the books, or another credit downgrade is around the corner.
That's the current world. We're on the way to have a $400 billion deficit this year, the US is on it's way to a $5 trillion (in USD) deficit. Seems like no one really cares about debt.
Debt is an illusion for governments. As long as they do what the central banks tell them to do (ie - take more immigrants, replace your native population, push propaganda or follow current covid lockdown instructions), they can take on as much imaginary debt as they want and nothing bad will happen. As soon as they disobey the central bank, then the debt matters.
If interest rates spike, we'll become Greece overnight.
This is a very dangerous game the Liberals are playing. We need to show the world we have a plan to balance the books, or another credit downgrade is around the corner.
That's the current world. We're on the way to have a $400 billion deficit this year, the US is on it's way to a $5 trillion (in USD) deficit. Seems like no one really cares about debt.
Debt is an illusion for governments. As long as they do what the central banks tell them to do (ie - take more immigrants, replace your native population, push propaganda or follow current covid lockdown instructions), they can take on as much imaginary debt as they want and nothing bad will happen. As soon as they disobey the central bank, then the debt matters.
Didn't you guys get the memo?
Canada has a goddamn money tree, JT asks for a few more stacks o' monopoly money to be printed and WHOOSH it's fuckin' magic! More fiat currency!
Never should have left the gold standard, what a bunch of clowns.
They have to dumb the lie down for their supporters.
"The government took out a loan so you don't have too"