Stepping Out of the Debt Trap

Donald Trump has claimed that American banks are not allowed to do business in Canada, which isn’t true, but the US banks would love to have a bigger piece of the financial pie in Canada, since commercial banks are some of the most profitable businesses in Canada.

And banks have an obvious advantage: it’s easier to be profitable when you can make money by making money.

As Mark Carney stated in his book Value(s), “In the modern financial system, the private sector creates most of the money in cir...