It will end with less and less welfare, health care, pensions, etc., and finally end with riots in the streets and a tyrant running our government. You may say it can't happen here. It is happening in every country in the world where debt and interest becomes unpayable.

In 1867 the Fathers of Confederation gave the federal government (under Section 91 of the British North America Act) the right to create Canada's money supply. However, our federal government has given this right to the private chartered banks. Instead of getting our money supply for the cost of printing, our federal government now borrows the money from the chartered banks and pays over $40 billion per year interest. Payment of this interest took 33% of all the taxes collected in the last fiscal year. This means all businesses, farmers and individuals also have to borrow our money supply. Because money to pay this interest is never issued, we have to borrow the money to pay the interest. Thus borrowing drives all of us, including our governments, deeper and deeper into debt.

The Good Book says, that the borrower is the servant of the lender. So, most of us, including our governments, are servants of the lender, namely, the private banks.

(NOTE: The "progress" shown between 1990 and 1993 has come at the expense of billions of dollars in new taxes like the G.S.T. and billions more in important program cuts. The results? A reduction in the per person debt load by a mere $71! Besides, this "per person" cost is only lower because of a growth in the population from 27 million to 29 million).

Our interest payments on the federal debt alone have increased a thousand times in the last 80 years. It is only a matter of time now until the International Monetary Fund and their fellow bankers refuse more credit. Canada will then be in the same situation as the third world countries.