Mr. Speaker, the risks he raises are important. The reason we had quantitative easing in the first place is that no one else who was willing to purchase our debt. That might happen again. With 40% of those who purchased our debt being hedge funds or financial speculators, if they are unable to purchase our debt, who is going to?
We will see rates increase or we will see the Bank of Canada forced to purchase Canadian government debt, which, of course, is quantitative easing. Maybe we will see both. That money supply, M2, will increase, and that is, in effect, money printing.
