The government’s basic funding system is increasingly dysfunctional. Grossly overloaded with debt, it is beset by usury, the most disgraceful and unconscionable misuse of process ever adopted.
Employee contracts are victims of this pernicious funding system because interest-on-the-interest is accepted as the cost of doing business, crippling every budget.
Yet our own Bank of Canada was established precisely to fund governments at low cost, as the interest mostly returns as dividends, and all revenues are invested there.
Why can we get no explanation for its abandonment? No party in the Legislature ever mentions it.
With taxation at its practical limit, budgets cannot truly balance while these enormous charges remain, and even debt cancellation solves nothing while the private funding process remains.
Russ Vinden
Errington