Posts Tagged ‘Canadians’
Monday, January 25th, 2010
The vast majority of the National Debt is owed to Canadians – those individual Canadians and Canadian financial institutions such as banks, insurance companies, trust companies and pension funds who have bought the government bonds. Many people believe that the National Debt is owed to other countries, so that it represents a claim by foreign creditors on our economy, a claim that could cause Canada to go “bankrupt.” This belief is incorrect, because generally, less than 4 percent of Canada’s National Debt has been owed to foreign creditors.
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- Money Mavens Have Now Risen! As you have perhaps already heard, I am the lucky new owner of Green Panda Treehouse for about a month now. Since our recent purchase, I’ve been approached by a group of bloggers to create a blog network (another one!)...
- A Brief History of Old Canadian Coins Numismatists enjoy getting to know the history of any coins. This is why those interested in collecting Canadian coins are interested in getting the oldest coins possible as well as the rarest. As the history of the old Canadian coins...
- Getting Out of Debt Quickly pt 1 You are probably familiar with this feeling: Your bills are constantly piling up, but you feel so far behind that you simply cannot bear to even open them. When you do open them, you quickly realize that there is only...
- Chartology: Historical View of National Debt vs. Federal Tax Brackets Some very interesting chartology from one of my favorite chartist blogs, Dshort.com. As you can see, U.S. National Debt has its peaks and leveling off periods over our country's history (on an inflation adjusted basis), but contrary to what you've...
Tags: Auto Finance, Banks, Belief, Canada, Canadian Financial Institutions, Canadians, Countries, Creditors, Economy, Federal Government, forex, Government Bonds, Insurance, Insurance Companies, Many People, National Debt, Pension Funds, Trust Companies, Winnipeg
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Saturday, September 26th, 2009
The vast majority of the National Debt is owed to Canadians – those individual Canadians and Canadian financial institutions such as banks, insurance companies and pension funds who have bought the government bonds. Many people believe that the National Debt is owed to other countries, so that it represents a claim by foreign creditors on our economy, a claim that could cause Canada to go “bankrupt.” This belief is incorrect, because generally, less than 4 percent of Canada’s National Debt has been owed to foreign creditors.
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Related Websites - How to Pay Off Your Card Credit cards create for their users a cycle which is vicious: charging for items when you do not have the money, and then finding it very hard to make the payments due to high interest. The average, in the middle,...
- 3 Things You Should Know About Canadian Coin Collecting Coin collecting is something which happens all over the world and has happened all throughout time. It is no surprise there are people who enjoy Canadian coin collecting. These do not have to be strictly for people from Canada. This...
- Getting Out of Debt Quickly pt 1 You are probably familiar with this feeling: Your bills are constantly piling up, but you feel so far behind that you simply cannot bear to even open them. When you do open them, you quickly realize that there is only...
- Flashback: Use a debt consolidation service? Mighty Bargain Hunter hosted Carnival of Debt Reduction #24, and this week's Flashback comes from a post by Blueprint for Financial Prosperity: What Do Debt Consolidation Services Offer? Debt consolidation services are legitimate. They help you to simplify your debt...
Tags: Banks, Belief, Canada, Canadian Financial Institutions, Canadians, Condos For Sale, Countries, Creditors, Economy, Federal Government, forex, Government Bonds, Insurance, Insurance Companies, Many People, National Debt, Pension Funds, Winnipeg
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Thursday, September 17th, 2009
We have seen that the use of government fiscal policy to stimulate the economy during recessions requires that the government borrow money (mostly through bond issues) in order to finance its budget deficits. The total amount of federal government debt thus incurred – the amount of money owed by the federal government – is called the “National Debt.” By 1983 the National Debt will amount t over $100 billion, or nearly $4000 for every man, woman, and child in Canada.
The National Debt has, over the years, been the subject of a great deal of misunderstandings, fears, myths and political hypocrisy. Many Canadians believe, for instance, that the National Debt is owed to other countries and that Canada may go bankrupt because of it. Both of these ideas are myths. On the other hand, few Canadians appreciate the real dangers concerning the National Debt. We will examine first the myths, then the real dangers.
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- Is Consolidation Always the Answer? One of the most important things that you can come to understand regarding your debt and the concept of debt consolidation is this: You absolutely cannot borrow your way out of debt, in order to solve all of your problems....
- Pre-Thanksgiving Carnival Thanks go out to Budgeting In The Fun Stuff for hosting last week's Carnival of Debt Reduction. The cartoon is a nice touch. Here are the debt-reduction posts for this week's Carnival: Live Real, Now runs down ten dumb money...
- 3 Ways to Consolidate Credit Card Debt Today's post is a guest blog by Nicole James of Debt Consolidation Care. If you are overburdened with multiple credit card bills and want a solution, then credit card debt consolidation could be the answer that you are looking for....
Tags: Amount Of Money, Auto Trader, Bond Issues, Borrow Money, Budget Deficits, Canada, Canadians, Economy, Fears, Federal Government Debt, Fiscal Policy, Government Money, Honda Civic, Hypocrisy, Kijii, Lower Mainland, Man Woman And Child, Misunderstandings, Money Owed, Myths, National Debt, Purchase Car, Recessions, Winnipeg, Woman And Child
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