DEBTS AND WHAT CAN WE DO ABOUT THEM?
It’s not a secret that capitalism we’re living in is based on the movement of a few main flows: financial, trade and service. Of course well-balanced financial flow is the main factor in our economy. Today we know what the reason of the economy crisis was.
Production contraction, consumption stimulation in the developed countries, especially in the USA, massive stock exchange speculation, and irresponsible policy of real estate financing etc.
The population got used to wasting money because of low-interest loans. And everything was fine before the crisis: the USA Gross National Product started getting smaller, property became cheaper, people lost their jobs. And, of course, it all influenced Canada.