The New Oil Reality

by Chief Terrance Nelson
Candidate for National Chief Read more

The Backlash Begins
The Canadian public seemed to understand the
situation. Various polls were announced.
On justification:
Canadians who believed the National Day of
Action was justified: 76%
Canadians who believed disrupting tourists’
travel plans was justified: 8%
On results:
Canadians who believed the government should
deal with First Nations poverty, land claims,
etc: 83%
Canadians who believed the government would
actually deal with poverty and claims: 7%

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39th PARLIAMENT, 1st SESSION Standing Committee on Aboriginal Affairs and Northern Development
CONTENTS Tuesday, May 29, 2007

Hon. Jim Prentice:

Dealing with the $10.2 billion, it might assist you if I pointed out how this breaks down across the Government of Canada. Indian and Northern Affairs Canada is $6.7 billion, which is 65% of that total. Health Canada is $2.1 billion, which is 21% of that total. CMHC is $300 million, which is 3% of the total. HRSD is $400 million, which is 3.7% of the total. Other departments and agencies are $500 million, which is 4.6% of the total.

Then, in addition to that, you have dollars being expended now that were included in budget 2006, which have been allocated to this fiscal year. You recall there were significant dollars for housing, for example. The portions of those for this year, if included, amount to another $300 million or 2.4%.

That is the total of the $10.2 billion and where it is found across the Government of Canada. I think that’s a partial response to your question. In terms of expenditures on reserve, $7.4 billion of the $10.2 billion is allocated to programs and services for first nations citizens living on reserve, and that equates to per capita spending of $16,500 per citizen based on an updated estimate of the population of on-reserve Canadians of 448,000 people.

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“Vote for Chief Nelson – Not the Status Quo”

Message to the Inuit and Dene

If elected National Chief, I will bring the Americans to the Inuit and Dene to compete with the Canadians for your land and resources. What I’m saying is that you should hear what the Americans are prepared to offer you. It will always be your decision – not mine but if you want to know how the Inuit and Dene will be treated 40-50 years from now, just look south to how Ottawa treats First Nations. Look to impoverished southern communities at the 63rd level of the United Nations living index, condemned by the immigrants to our lands, treated as beggars while the immigrants have benefitted from our lands by 7 trillion dollars in the last ten years.

Less than one hundred thousand people occupy the northern territories. The question is, do you want to remain loyal Canadians facing continued poverty, your resource wealth stolen from you or are you prepared to listen to what Americans can offer you to join the United States. All you have to do is compare the Native American health centers in Alaska to the trailers provided to you to understand the difference. You own over a million square miles of resource wealth lands in a time when China, the United States, Russia and Denmark would love to compete with Canada for access to your resource wealth. When oil was $147 a barrel in the summer of 2008, did Ottawa even offer a dime per barrel to the indigenous people?

If the Chiefs in Calgary on July 22nd are looking for a share of their own resource wealth, we must begin to dialogue directly with the Americans. Americans need 21 million barrels of oil every day to feed the largest economy in the world. They produce only 7 million barrels of oil a day domestically, so they buy up to 14 million barrels of foreign oil per day. With Hurricane Katerina having knocked out 30% of American domestic oil capacity and fighting two expensive wars, with 77 million baby boomers reaching the end of the productive years, the availability of oil is a national security issue for the United States. America is already looking north for solutions to their oil crisis but are the indigenous people in Canada willing to continue to allow Canadians to live off our resource wealth while Canada pays nothing to indigenous people? We will find out on July 22nd in Calgary.

Chief Terrance Nelson.

This article was recently written in the National Post.

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http://www.nationalpost.com/story.html?id=1659435

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The New Reality

By Chief Terrance Nelson, 204-782-4827

May 2005

In 2001, the United States economy was extremely healthy with a $128 billion surplus and expected $5.6 trillion worth of surpluses for the next ten years. Within four years the bright economic forecast had become a far different reality. In 2004, United States deficit was $412 billion; public debt was pegged at $43 trillion. Federally, US national debt was $7.7 trillion and in 2005 the expected deficit is $427 billion, an average $1.2 billion daily increase in debt. By far, United States is the world’s biggest economy, 15 times larger than Canada’s economy but no one expects United States can maintain it’s current debt load. Even at current low interest rates it requires 80% of all money borrowed at the World Bank just to cover interest on the US debt. This is the new reality; United States can financially implode and cause a worldwide recession perhaps even a depression. Read more

The Trillion Dollar Club, 9 countries with a GDP over one Trillion US dollars had a combined total GDP of $30,236,407,000,000 or 68.1% of the total world GDP

1 United States12,455,068,000,000.
2 Japan 4,505,912,000,000.
3 Germany 2,781,900,000,000.
4 China 2,228,862,000,000.
5 United Kingdom2,192,553,000,000.
6 France 2,110,185,000,000.
7 Italy 1,723,044,000,000.
8 Spain 1,123,691,000,000.
9 Canada 1,115,192,000,000.
10 Brazil794,098,000,000.
World Bank Data as of 2006 in US Dollars

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