Canadian Politics Today

You still haven't said who is going to lend us all this money at near zero interest rates. If you are hoping to grow an RRSP you had better hope the stock market performs really well because bonds and GIC's will end up costing you money. Same goes for the CPP and company pension plans which invest in the same kind of assets. Retirees will watch their savings disappear at an accelerating rate because they are no longer generating income as their pile grows smaller. In order to reduce debt to GDP you either have to reduce debt or increase GDP. Our GDP is shrinking and in recent years, real estate and energy have been the biggest contributors to growth. Both are in the tank and if the Alberta haters get their way energy will never come back, so they better come up with other ways to grow the economy that don't involve increasing debt.

And then there is the possibility of runaway inflation as governments pour trillions of new money into economies.

But don't worry be happy.