Community post
How did CANADA avoid BANKRUPTCY?
With thanks to VisualPolitik channel.
'Canada is one of the richest and most prosperous countries in the world, and has one of the highest levels of quality of life. However, things weren't always this good in Canada. Between the 80s and 90s the country suffered a severe crisis that shook its solvency. What happened? How did Canada recover enough to become the fashionable country it is today? Find out in this video.'
Replies (35)
Resteemed by @resteembot! Good Luck!
Curious? Read @resteembot's introduction post
Check out the great posts I already resteemed.
ResteemBot's Maker is Looking for Work.
Really great video nice post thanks for sharing sir...resteemed
cool!!!!
Resteemed to over 14300 followers and 100% upvoted. Thank you for using my service!
Send 0.200 Steem or 0.200 Steem Dollars and the URL in the memo to use the bot.
Read here how the bot from Berlin works.
We are happy to be part of the APPICS bounty program.
APPICS is a new social community based on Steem.
The presale was sold in 26 minutes. The ICO will start soon.
Read here more: https://steemit.com/steemit/@resteem.bot/what-is-appics
@resteem.bot
https://tbncdn.freelogodesign.org/49d8c0fe-e0c4-4a21-a1f9-7772f67ca8bc.png?1518007762146
Congratulations!
This post has been voted Good! Upvoted.
Click @alphawhale to have your best post upvoted and resteem free.
Read some of our quality resteemed here
&
Click here to read about @alphawhale
Very interesting post, with plenty of interesting and sometimes debatable points. I agree with the conclusion about the importance of a "strong, competitive, and globally open economy."
One point about the post-1990s recovery, however. Much of it may have been owing to policy, but a great part is owing to the increase in the money supply. That is, credit.
In this century, Canada's M3 money supply started to climb rapidly, and it has not stopped. The great thing about credit is that it gives a very nice, cozy, comfortable illusion of prosperity.
The terrible thing about credit is that you have to pay it back. Yes, it will prick that illusion, and your prosperity will vanish.
In that sense, Canada is in the same boat as many (all) other countries. They all have outrageous debt-to-GDP ratios.
Canada is a great country in many way (I should know, I'm Canadian). But like any country (or any entity) with massive debt, it is facing a crisis. I just hope it manages to get through it.
The one most important thing it could do is abandon most policies "set" by that Great Creditor to the south. There's no point in following the US as it moves toward economic oblivion.
ty!
thx bot!
Oohhhh yeahhhh!
hmm
ding!
yah
yup
haha
There we are, marble fuckin' arch!! Big Jay Leno jaw yeah!!!!
no class ffs!!
Indeed not!!
yeeehaw!!!!!!!!
great
I dunno
bollocks!
wowwww!!!
plonk!
sgf
sd
fdg
asdas
iii!!
hds
hga
jdjzjj
agfahh
kj
oiuu
bto