Canada does not legally or lawfully exist
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Eh. Probably could have been more succinct and to the point. True enough. But I tend towards extraneous rambling. Much to many peoples annoyance.
Truth be told most of our debt is held by U.S based people and entities. Though the popular narrative is most of it is held by foreign countries and companies. Granted you sometimes need to follow a lengthy roundabout trail. But the end point is still the same. Most of it starts and ultimately ends here.