Mr. Speaker, I should like to pursue this thought with the member because I obviously do not see it the way he does.
I have a difficult time understanding the derivatives section of the Royal Bank of Canada. I use the expression its private casino where they play with derivatives and sometimes even bet against the Canadian dollar. I have a difficult time understanding how the derivatives section of a bank can find an average of $30 billion a day to play with and make money. That is one bank. It is said that the derivatives game in the world now involves a trillion dollars a day. This money is being pushed. It is paper pushing all over the world. There is no production related to that trillion dollars a day.
I find it difficult to accept that our largest bank can find $30 billion a day to gamble in pushing paper alone. Yet the small business float for a whole year for the entire small business sector is only $28 billion. And I am only talking about one bank.
The issue is not that we must eliminate waste and watch our spending. When we talk about debt we should not avoid talking about the tremendous assets in the country: our resources, our water, our infrastructure and our educated people. We are talking about human resources. Our human resources are recognized as the best on the planet. We have to measure that into the economic equation.
Would the member not agree that when we talk about getting at root causes we must talk about who is controlling all the capital, who is pushing all this capital around the world and preventing a sufficient amount of it from being distributed into the economy where there is true production in the manufacture of goods and services? Does the member not think that is a debate we should have in the House?