Quantcast
Trudeau has to go? - Page 33 - Beyond.ca - Car Forums
Page 33 of 146 FirstFirst ... 23 32 33 34 43 ... LastLast
Results 641 to 660 of 2906

Thread: Trudeau has to go?

  1. #641
    Join Date
    Oct 2003
    Location
    Calgary
    My Ride
    ute
    Posts
    4,937
    Rep Power
    100

    Default

    Quote Originally Posted by Cagare View Post
    This quote is hidden because you are ignoring this member. Show Quote
    I never thought you were agreeing, but the idea of raising taxes to control growth is hilariously insane.
    I shouldn't have said growth but rather inflation.

  2. #642
    Join Date
    Sep 2018
    Location
    Edmonton, Alberta
    Posts
    535
    Rep Power
    15

    Default

    Quote Originally Posted by Buster View Post
    This quote is hidden because you are ignoring this member. Show Quote
    I shouldn't have said growth but rather inflation.
    Ironically, raising taxes increases inflation, not stifles it.

  3. #643
    Join Date
    Sep 2012
    Location
    Calgary, AB
    Posts
    1,636
    Rep Power
    85

    Default

    Quote Originally Posted by Buster View Post
    This quote is hidden because you are ignoring this member. Show Quote
    doubtful. Canada has to maintain loose monetary policy in order to pay its own debts. More likely this all just squirts out as inflation/stagflation for a long period of time. MMT implies that we have to significantly raise income taxes during the good times to control growth, rather than raise rates.

    Welcome to countries run by retards.
    Inflation of what? Asset inflation? Price of goods inflation? Because with the latter, the BoC will have no choice but to raise the prime rate, because if the price of goods rises, it means that the CAD$ is worth less, because less people outside of Canada are demanding our goods and services, and that lowers the demand for the dollar, and that can spiral into the price of goods inflating even more, and the only way to stop that is to raise the prime rate so that non-Canadians buy our debt.

    Oh BTW, the price of goods has been inflating.

    I'll add a bit more:

    We are basically in the same pickle as what Trudeau Sr did. It's the reason why from the late 70s to the mid-90s rates were so high here.

    We are already seeing this. Check provincial bond rates. Some provinces are selling bonds at almost 10% (heck, maybe they are now, I haven't checked in a month or so).

    The difference these days is Alberta. Our oil and gas brings in a tremendous amount of foreign currency, thank jebus. Transmountain has to be finished ASAP so that we can export even more.
    Last edited by suntan; 02-13-2021 at 11:43 AM.

  4. #644
    Join Date
    Oct 2003
    Location
    Calgary
    My Ride
    ute
    Posts
    4,937
    Rep Power
    100

    Default

    Quote Originally Posted by suntan View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Inflation of what? Asset inflation? Price of goods inflation? Because with the latter, the BoC will have no choice but to raise the prime rate, because if the price of goods rises, it means that the CAD$ is worth less, because less people outside of Canada are demanding our goods and services, and that lowers the demand for the dollar, and that can spiral into the price of goods inflating even more, and the only way to stop that is to raise the prime rate so that non-Canadians buy our debt.

    Oh BTW, the price of goods has been inflating.

    I'll add a bit more:

    We are basically in the same pickle as what Trudeau Sr did. It's the reason why from the late 70s to the mid-90s rates were so high here.

    We are already seeing this. Check provincial bond rates. Some provinces are selling bonds at almost 10% (heck, maybe they are now, I haven't checked in a month or so).

    The difference these days is Alberta. Our oil and gas brings in a tremendous amount of foreign currency, thank jebus. Transmountain has to be finished ASAP so that we can export even more.
    Nothing I disagree with here. I'm pointing out that policymakers are viewing things much differently this time. They have gone all-in on MMT magic beans and we don't quite know where that takes us. It's not good though.

    The provincial bond thing is interesting. Canadian provinces carry a large portion of our total debt load as far as I know. So we have subnational debt at significant quantities. I see the provincial-national spread as the market indicating their belief as to whether the feds would ever bail out provincial debt - interested in your thoughts there.

    Having said that, if federal yields start to rise to any degree then we run into a fiscal crisis pretty fast. I think our federal debt load (and the americans) is quite sensitive to bond yields at this point.

    Either way, Canadians are going to find out the hard way, and probably soon, that being a millenial green snowflake is mutually exclusive to living in a country with a bunch of free services funded by exports and OPM.

  5. #645
    Join Date
    Sep 2018
    Location
    Edmonton, Alberta
    Posts
    535
    Rep Power
    15

    Default

    Quote Originally Posted by Buster View Post
    This quote is hidden because you are ignoring this member. Show Quote
    They have gone all-in on MMT magic beans and we don't quite know where that takes us. It's not good though.
    We do actually know where that takes us, as this is the same song and dance played out by countries like Hungary, Germany, Poland, Venezuela, etc in the past. Just using a fun new name to pitch the same shitty idea. You can't print your way out of debt, it just leads to all of us standing in bread lines and starving.

  6. #646
    Join Date
    Apr 2008
    Location
    calgary
    My Ride
    CLK 55 / 2g Eclipse / EP3
    Posts
    4,422
    Rep Power
    22

    Default

    Quote Originally Posted by Misterman View Post
    This quote is hidden because you are ignoring this member. Show Quote
    We do actually know where that takes us, as this is the same song and dance played out by countries like Hungary, Germany, Poland, Venezuela, etc in the past. Just using a fun new name to pitch the same shitty idea. You can't print your way out of debt, it just leads to all of us standing in bread lines and starving.
    Ordinarily, yes - but because CAD is so dependent on the 'black ops' known as American dollar, which itself is tied to, and manipulated, in incalculable ways, there is no direct path, as above.

    One of the key terms I have seen mentioned more lately, is money velocity, as a metric to pay closer attention to.

  7. #647
    Join Date
    Oct 2003
    Location
    Calgary
    My Ride
    ute
    Posts
    4,937
    Rep Power
    100

    Default

    Quote Originally Posted by revelations View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Ordinarily, yes - but because CAD is so dependent on the 'black ops' known as American dollar, which itself is tied to, and manipulated, in incalculable ways, there is no direct path, as above.

    One of the key terms I have seen mentioned more lately, is money velocity, as a metric to pay closer attention to.
    You're going to have to pick a side when it comes to the importance of velocity of money.

  8. #648
    Join Date
    Sep 2018
    Location
    Edmonton, Alberta
    Posts
    535
    Rep Power
    15

    Default

    Quote Originally Posted by revelations View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Ordinarily, yes - but because CAD is so dependent on the 'black ops' known as American dollar, which itself is tied to, and manipulated, in incalculable ways, there is no direct path, as above.

    One of the key terms I have seen mentioned more lately, is money velocity, as a metric to pay closer attention to.
    If we are simply praying and relying on the US devaluing their dollars as much as we do, we are still in big trouble.

  9. #649
    Join Date
    Jul 2004
    Location
    YYC
    Posts
    4,304
    Rep Power
    85

    Default

    Quote Originally Posted by Misterman View Post
    This quote is hidden because you are ignoring this member. Show Quote
    We do actually know where that takes us, as this is the same song and dance played out by countries like Hungary, Germany, Poland, Venezuela, etc in the past. Just using a fun new name to pitch the same shitty idea. You can't print your way out of debt, it just leads to all of us standing in bread lines and starving.
    Yes I'll finally become a millionaire and then use that millions for one shopping trip for a week of food.
    Can't wait.

  10. #650
    Join Date
    Jan 2008
    Location
    Upstairs
    My Ride
    Natural Gas.
    Posts
    13,332
    Rep Power
    100

    Default

    Me and you:
    Name:  Hyperinflation.jpg
Views: 315
Size:  35.0 KB
    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  11. #651
    Join Date
    Apr 2008
    Location
    calgary
    My Ride
    CLK 55 / 2g Eclipse / EP3
    Posts
    4,422
    Rep Power
    22

    Default

    Quote Originally Posted by Buster View Post
    This quote is hidden because you are ignoring this member. Show Quote
    You're going to have to pick a side when it comes to the importance of velocity of money.
    yes, there is no consensus on the short term implications. But in totality, the global financial system IS heading for a reset/collapse, but HOW it manifests is TBD.

    Quote Originally Posted by Misterman View Post
    This quote is hidden because you are ignoring this member. Show Quote
    If we are simply praying and relying on the US devaluing their dollars as much as we do, we are still in big trouble.
    definitely in trouble, however as Harper mentioned, the inflation is starting in places where the average consumer isnt noticing as much.

  12. #652
    Join Date
    Sep 2002
    Location
    Valladolid, Spain
    My Ride
    Boeing, Airbus
    Posts
    1,595
    Rep Power
    49

    Default

    Quote Originally Posted by revelations View Post
    This quote is hidden because you are ignoring this member. Show Quote
    definitely in trouble, however as Harper mentioned, the inflation is starting in places where the average consumer isnt noticing as much.
    Frog in a pot of boiling water is the analogy that I keep hearing. Warm it up slowly enough and maybe we won't even notice that we're all f*cking broke.

  13. #653
    Join Date
    Jul 2010
    Location
    Homeless
    My Ride
    Blue Dabadee
    Posts
    9,598
    Rep Power
    100

    Default

    Quote Originally Posted by davidI View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Frog in a pot of boiling water is the analogy that I keep hearing. Warm it up slowly enough and maybe we won't even notice that we're all f*cking broke.
    Unfortunately there is nothing slow about how Trudeau is destroying our fiscal system.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
    This quote is hidden because you are ignoring this member. Show Quote

    guessing who I might be, psychologizing me with your non existent degree.

  14. #654
    Join Date
    Jul 2004
    Location
    Calgary AB
    Posts
    2,443
    Rep Power
    54

    Default

    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Unfortunately there is nothing slow about how Trudeau is destroying our fiscal system.
    That is because to him it is all just one giant public trust fund. It's why budgets balance themselves. He is used to the bank account magically replenishing every time it hits empty and thinks that's normal.

  15. #655
    Join Date
    Jul 2004
    Location
    YYC
    Posts
    4,304
    Rep Power
    85

    Default

    Quote Originally Posted by davidI View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Frog in a pot of boiling water is the analogy that I keep hearing. Warm it up slowly enough and maybe we won't even notice that we're all f*cking broke.
    Definitely. They're only pulling a few levers every other adjustment.
    Adjust min wage (look like hero's), next Adjust tax rates (tax rich and middle class more, look like bigger hero's.), next adjust tax brackets so capture more people into the higher brackets along with the min wage group.
    They're slowly going at it but pulling the wool over everyone's eyes.

    Like City of Calgary lowering speed limits. Small steps at a time. Soon we're all getting passed by escooters.

  16. #656
    Join Date
    Sep 2002
    Location
    Valladolid, Spain
    My Ride
    Boeing, Airbus
    Posts
    1,595
    Rep Power
    49

    Default

    Quote Originally Posted by tirebob View Post
    This quote is hidden because you are ignoring this member. Show Quote
    That is because to him it is all just one giant public trust fund. It's why budgets balance themselves. He is used to the bank account magically replenishing every time it hits empty and thinks that's normal.
    It seems 60% of Canadians are enjoying their "spa bath" as the water heats up - Lib/NDP/Green still polling over 60% despite the colossal spending and vaccine F'ups (not to mention We-Gate & SNC-gate): https://newsinteractives.cbc.ca/elec...racker/canada/

  17. #657
    Join Date
    Jan 2008
    Location
    Upstairs
    My Ride
    Natural Gas.
    Posts
    13,332
    Rep Power
    100

    Default

    Agreed. Liberals still poised to form next government. Voters that matter not worried.
    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  18. #658
    Join Date
    Oct 2003
    Location
    Calgary
    My Ride
    ute
    Posts
    4,937
    Rep Power
    100

    Default

    Come on over to Team Shred-Confederation guys!

    The water isn't so warm.

  19. #659
    Join Date
    Mar 2009
    Location
    Calgary
    My Ride
    Silverado
    Posts
    3,090
    Rep Power
    47

    Default

    Sure is salty though!

    Just kidding. I think we need eastern Canada just about as much as we need herpes.

  20. #660
    Join Date
    Sep 2002
    Location
    Valladolid, Spain
    My Ride
    Boeing, Airbus
    Posts
    1,595
    Rep Power
    49

    Default

    Quote Originally Posted by Buster View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Come on over to Team Shred-Confederation guys!

    The water isn't so warm.
    Convince the SW of BC and I'm in.

Page 33 of 146 FirstFirst ... 23 32 33 34 43 ... LastLast

Similar Threads

  1. Are we ready for another Trudeau??

    By Toma in forum Society / Law / Current Events / Politics
    Replies: 48
    Latest Threads: 08-30-2023, 07:40 PM
  2. Trudeau has been our leader for 2 years now. Your thoughts?

    By Seth1968 in forum Society / Law / Current Events / Politics
    Replies: 66
    Latest Threads: 01-11-2018, 02:33 PM
  3. Justin Trudeau kicks senators out of Liberal caucus

    By Vagabond142 in forum Society / Law / Current Events / Politics
    Replies: 46
    Latest Threads: 01-30-2014, 04:19 PM
  4. Though light on policy, Trudeau offers key glimpses of next Liberal platform

    By HiTempguy1 in forum Society / Law / Current Events / Politics
    Replies: 60
    Latest Threads: 04-20-2013, 08:49 AM
  5. Kevin Trudeau

    By bigbadboss101 in forum General
    Replies: 8
    Latest Threads: 08-11-2007, 10:44 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •