During the 2015 Canadian federal election campaign, Liberal leader Justin Trudeau, now Prime Minister, promised to borrow money (at interest) to pay for $60 billion in new infrastructure investments, as opposed to the NDP’s plan to balance the budget in their first year.
It was, and remains, a false frame of having to stay in a deficit and grow the debt by borrowing at interest for infrastructure investments when the government of Canada, all its provinces, and its municipalities, have the statutory authorization under the Bank of Canada Act to borrow money, effectively, or, in actuality, interest-free.
For instance, money can be borrowed effectively interest-free when the Bank of Canada issues bonds that are held by the government, and when it buys its own bonds, as the government of Canada is the sole shareholder of the bank, and all profits, after expenses, will go back to the government.
But even better, the federal government can borrow money, interest-free, by requesting interest-free money, to borrow for infrastructure investments today.
So, despite Trudeau seemingly one-upping the NDP in saying that he would invest in critical infrastructure by borrowing today, as opposed to putting off such investments in favour of immediately balancing the budget, he bought into the typical false frame that we have to borrow the money at interest as opposed to borrowing it interest-free.
Posted in Uncategorized | Tagged Bank of Canada, bonds, borrowing, Canada, debt, deficit, federal government, infrastructure, Justin Trudeau, Prime Minister of Canada | Leave a Comment »
WordPress.com prepared a 2015 annual report for this blog.
Here’s an excerpt:
The Louvre Museum has 8.5 million visitors per year. This blog was viewed about 100,000 times in 2015. If it were an exhibit at the Louvre Museum, it would take about 4 days for that many people to see it.
Click here to see the complete report.
Posted in Uncategorized | Tagged 2015, annual, blog, end-of-year, Exposing Faux Capitalism, review, summary, Wordpress.com, year | Leave a Comment »
Here are the Top 10 all-time articles at FauxCapitalist.com by the end of 2015:
1) Dr. Stan Monteith, a 35-year orthopedic surgeon on Jeff Bauman’s leg amputations: “I believe that this young man was an actor” (2013)
2) I’m blowing the whistle on World Bank whistleblower Karen Hudes (2014)
3) Australia has $15 an hour minimum wage and is ranked more economically free than the U.S. (2010)
4) Joel Skousen’s critique of World Bank whistleblower Karen Hudes (2014)
5) The U.S. Constitution doesn’t say money should be gold or silver coin (2011)
6) The United States isn’t a federal corporation (2011)
7) Who is behind enenews.com? (2011)
8) No evidence that your birth certificate is traded on any exchange (2011)
9) Former Fed Chairman Paul Volcker laughs at the great increase in wealth disparity over the past 10 to 15 years, and at Americans for not speaking out more forcibly against it (2011)
10) More evidence that Fritz Springmeier is a phony: A New World Order colony on Mars (2012)
Posted in Uncategorized | Tagged birth certificate, Dick Cheney, Exposing Faux Capitalism, Fritz Springmeier, Jeff Bauman, Karen Hudes, Paul Volcker, Stan Monteith, top 10, U.S. Constitution, United States | 1 Comment »
Prior to this year, I had listed the top 10 articles of each year that were written in that same year.
But with my writing being relatively sparse this year, I am presenting the top 10 accessed articles in this year.
1) Joel Skousen’s critique of World Bank whistleblower Karen Hudes (2014)
2) I’m blowing the whistle on World Bank whistleblower Karen Hudes (2014)
3) Dr. Stan Monteith, a 35-year orthopedic surgeon on Jeff Bauman’s leg amputations: “I believe that this young man was an actor” (2013)
4) The U.S. Constitution doesn’t say money should be gold or silver coin (2011)
5) The United States isn’t a federal corporation (2011)
6) Meet Gary Franchi, the radical Zionist behind Next News Network (2014)
7) No evidence that your birth certificate is traded on any exchange (2011)
8) Who is behind enenews.com? (2011)
9) Veterans Today’s Gordon Duff and his elite bio (2012)
10) Joel Skousen exposes Doug Hagmann’s “insider” source as disinfo (2012)
Posted in Uncategorized | Tagged articles, Exposing Faux Capitalism, Gary Franchi, Gordon Duff, Joel Skousen, Karen Hudes, Stan Monteith, top 10, U.S. Constitution, United States | Leave a Comment »
On the December 22, 2015 episode of Exposing Faux Capitalism with Jason Erb, I interviewed Ontario Libertarian Party leader, Allen Small. If you support the principles of free enterprise, private property rights and individual freedom, then please consider donating to the OLP, where you can donate up to $400 and receive 75% back as a tax credit when you receiving your 2015 tax refund as early as March or April 2016.
We discussed the following issues:
- Limited beer sales at licensed Ontario supermarkets since December 16, 2015
- Premier Kathleen’s Wynne call for marijuana to be sold at LCBO stores once it’s legalized federally
- High Occupancy Toll Lanes coming to Greater Toronto Area highways
- Health care reform, including when will Canada join the rest of the world, including France and Sweden, in allowing the private payment for primary health care, in order to reduce wait times and improve service
- Partial privatization of Ontario Power Generation
- Charges against two Liberal aides in the gas plants scandal
- The opportunity to donate and receive a 75% tax credit for your donation up to $400 in the 2015 tax year.
For my past interviews with Allen, see here:
1) March 20, 2014
2) September 16, 2012
Posted in Uncategorized | Tagged Allen Small, beer, donate, Exposing Faux Capitalism, health care, High Occupancy Toll Lanes, interview, Jason Erb, marijuana, Ontario Libertarian Party | Leave a Comment »
On the November 19, 2015 episode of Exposing Faux Capitalism with Jason Erb, I interviewed Dr. Delton Chen on his proposal for a global currency to facilitate carbon mitigation.
“Delton Chen is an Australian civil engineer with a Ph.D. in environmental hydrogeology for studying Heron Island – a coral cay – in the Great Barrier Reef. Delton has worked for about 15 years mostly as a consultant specialising in computer-based and analytical models for the assessment of water resources, environmental impacts, and mining projects.“
“Delton’s current passion is the development of new socio-economic theory for the strong mitigation of climate change – using a new world currency as the economic instrument. This bold and novel idea would see the creation of a global reward scheme for mitigating greenhouse gas emissions. The project, which is called ‘Global 4C’ (see http://www.global4c.org), is hosted by the Center of Regenerative Community Solutions (501c3 Non-Profit) located in New Jersey, USA, and is provided strategic advice by EconoVision, the Netherlands.“
You can read more about the proposed Solar Dollar initiative, and vote on it here.
Posted in Uncategorized | Tagged carbon mitigation, currency, Delton Chen, Exposing Faux Capitalism, global, greenhouse gases, Jason Erb, Solar Dollar | Leave a Comment »
On the November 14, 2015 episode of Exposing Faux Capitalism with Jason Erb, I covered the following issues:
Arthur Topham’s bogus hate crime conviction, Canadian election results, and recent articles on fauxcapitalist.com, including what G. Edward Griffin didn’t talk about on Coast to Coast AM, and George Noory’s phony talk of a presidential run.
Posted in Uncategorized | Tagged Arthur Topham, bogus, Coast to Coast AM, Exposing Faux Capitalism, G. Edward Griffin, George Noory, hate crime, Jason Erb, phony, President | Leave a Comment »