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Strategies & Market Trends : John Pitera's Market Laboratory

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John Pitera

To: richardred who wrote (21402)	10/9/2018 3:39:53 PM
From: 3bar	1 Recommendation Read Replies (2) of 33421

Would like to throw this out as a thought . Up until about 74 Canada ran its own Central Bank . They financed all roads , schools , public buildings , Hydro projects , Saint Larwence Seaway , start of OHIP ( Health Plan ) ect. all at a fraction of 1 % over costs . After 74 the Banks ran our CB when a down turn came they asked Hydro to sell assets to pay down debt . At first if you did not pay hydro they turned it off . An across Ontario highway north of the 401 which was a public road was sold to pay down debt and is now a private toll road . So the good of owning your own CB . Some of the Bad of letting the banks run interest rates . The other side of the coin is that a citizen run CB will be risk adverse and so will not create a Silicon Valley or all the cutting edge job creators that are the envy of the world that the US does so well . Again a citizen run CB will not create the havoc that the US CB has created over the years . If someone can figure out a compromise that works much good would occur .

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