shockedcanadian
Diamond Member
- Aug 6, 2012
- 43,741
- 42,780
- 3,605
The apparatuses who destroyed our Charter of Rights and sunk our economy while maintaining a caste system are the main culprits of our collapse.
It happened to East Germany and it will happen to Canada barring a major shift. A good start would be to hear politicians talk about our Charter with the same pride that Americans talk about your Constitution,
Canada is sliding toward a financial crisis. Some might call that alarmist, but I call it reading the numbers. Look at Greece, a country that lived beyond its means until the walls came crashing down. Are we following that same path? It’s a question worth asking because the parallels are becoming harder to ignore.
I’m not interested in fearmongering. I’m interested in facts. And the facts show that Canada’s debt, at every level of government, has spiralled to a level that should concern every business owner, every taxpayer, and every person who cares about this country’s future.
For those who need a refresher, Greece’s financial ruin wasn’t an overnight event. It was years of overspending, a bloated government, and a fantasy that debt didn’t matter. By the time reality caught up, it was too late. In 2009, Greece’s debt-to-GDP ratio was 127%. That’s when investors stopped trusting them. Bond yields exploded. Borrowing became impossible. The economy crashed, jobs evaporated, and an entire generation was handed poverty and hopelessness. Youth unemployment soared over 60%. Even today, Greece hasn’t fully recovered. Its debt burden still hovers around 160% of GDP. It may have market access again, but it’s under constant surveillance by the EU and IMF. That’s what happens when a nation loses control of its finances. It loses its independence.
It happened to East Germany and it will happen to Canada barring a major shift. A good start would be to hear politicians talk about our Charter with the same pride that Americans talk about your Constitution,
Canada is sliding toward a financial crisis. Some might call that alarmist, but I call it reading the numbers. Look at Greece, a country that lived beyond its means until the walls came crashing down. Are we following that same path? It’s a question worth asking because the parallels are becoming harder to ignore.
I’m not interested in fearmongering. I’m interested in facts. And the facts show that Canada’s debt, at every level of government, has spiralled to a level that should concern every business owner, every taxpayer, and every person who cares about this country’s future.
For those who need a refresher, Greece’s financial ruin wasn’t an overnight event. It was years of overspending, a bloated government, and a fantasy that debt didn’t matter. By the time reality caught up, it was too late. In 2009, Greece’s debt-to-GDP ratio was 127%. That’s when investors stopped trusting them. Bond yields exploded. Borrowing became impossible. The economy crashed, jobs evaporated, and an entire generation was handed poverty and hopelessness. Youth unemployment soared over 60%. Even today, Greece hasn’t fully recovered. Its debt burden still hovers around 160% of GDP. It may have market access again, but it’s under constant surveillance by the EU and IMF. That’s what happens when a nation loses control of its finances. It loses its independence.
