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Decentralized Democracy

House Hansard - 273

44th Parl. 1st Sess.
February 1, 2024 10:00AM
Context: House Hansard - 273 - Feb/1/24
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Feb/1/24 2:25:50 p.m.
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Mr. Speaker, the Prime Minister has accomplished something only he could do. Our central bank, which can create cash, is actually losing money. How did this happen? He forced the central bank to create $600 billion in cash to fund his overspending over the last three years. To pay for it, the bank makes deposits into the accounts of large financial institutions. Interest rates on those deposits, of course, have gone through the roof, meaning that taxpayers are now forced to bail out those losses. Will he admit that his incompetence now forces Canadians to pay twice: once for the inflation the money printing caused and twice to bail out the bank, which is failing?
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