If you dont follow Canadian Politics : here is the Story on our Trillion Dollar Debt. I am not sure I have the whole story but here goes…then read Yakk’s Stack ( Yakk is a Good Substacker out in Alberta.)

I think that all the Debt the Turds have gotten us into …Mostly for Bullshit like Green Energy and Covid Cheques was NOT just printed up…it was Borrowed . I don’t think the Bank of Canada is like the FED and can just print out of thin air. Correct me if I’m wrong.

So our relatively small Country is a Trillion in Debt BUT still has a Triple A Credit rating

Why ? Because we are sitting on nearly 600 Billion in Canada Pension Plan Contributions at the moment (CPP)

This is the sum total from all regions of the Country and is the money used to pay out pensions to everyone at aged 60 to 65 …you can choose when

Turns out the Govt used this CPP money as Collateral for the Debt. It’s NOT The Governments asset but thats what they did anyhow

So that reasonaly good collateral for the lenders and Canada Pays the lowest rate to borrow the Trillion.

NOW The Province of Alberta is at war with the Turd…lead by the great new Premier Danielle Smith. The Turd is of course Uber Green…Alberta has some of the largest Oil Fields in the world but Turd wants to keep Oil Down and has stopped many pipeline projects and is forcing Provinces to adhere to his net zero 2035 Plan…So Smith has threatened ( as is her right) to pull Albertans OUT of the CPP and set up their own Pension Plan…where they would pay less in and keep the same premiums .

Problem is Alberta which operates on a surplus contributes Half of the total CPP …so if they leave ( There is to be a Refferendum )…The CPP goes to half and Canada Loses its AAA rating , Interest on the debt skyrockets and the Debt becomes unpayable and the Country is FOOKED .

Thus the Panic in Ottawa …and Nazi Freeland ( Finance Minister) just spilled the beans

here is Yakk’s Stack

https://tinyurl.com/hfrt8awb