Quote: Originally Posted by Hoid
Poor Hoid!!!!!!!! The ONLY war that Canada is going to fight is the one over LIE-beral entitlements!!!!!
disagree on oil prices - they will always rise because they are based on speculation.
a big war seems impossible. everyone is far too busy on little ones.
And LIE-berals and their civil service union Hog allies ARE LOSING THAT ONE ALREADY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Here is an article illustrating just how unstable our economy has become under LIE-beral stewardship! With some comments of my own in brackets):
Canadian households owe $2 trillion
Canadian Press. By Andy Blatchford. May 2/2018
OTTAWA - Bank of Canada governor Stephen Poloz says Canadians have amassed a $2-trillion mountain of household debt that is now casting a big shadow over the timing of his next interest rate hike.
(And as our massive personal and public debts grow ever larger- we move ever closer to the debt wall that will FORCE major changes in spending onto our LIE-beral govt! And NDPers are regarded as even more wasteful than LIE-berals by the banking world!)
In a speech Tuesday in Yellowknife, Poloz said the pile has been growing for three decades in both absolute terms and when compared to the size of the economy — and about $1.5 trillion of it currently consists of mortgage debt.
(So the pile of debt has been growing FASTER than inflation and is also growing faster than our population! This growing debt is a CLEAR SIGN of an economy under massive tax pressure motivated by LIE-beral need to BUY votes at any price so they can cling to power! And with LIE-berals utterly unwilling to bother tracking how many foreigners are laundering dirty money through our housing sector- which drives up prices for ordinary people!)
The central bank has concerns about the ability of households to keep paying down their high levels of debt when interest rates continue their rise, as is widely expected over the coming months.
(Our civil service union Hogs are as vulnerable as the private sector since govt pays the Hogs directly and thus a desperate govt that has hit the debt wall can easily reduce their pay if compelled. Govt is ALREADY under pressure to rein in the constant raises in pay and the economy crippling madness of those solid gold Hog pensions! Too many Hogs have life styles that require regular increases in gravy to be sustainable and govt is running out of gravy!)
Poloz has introduced three rate hikes since last July following an impressive economic run for Canada that began in late 2016.
(Canada has had the best economic performance of the G-7 nations- which is to say we are simply the LEAST bankrupt of the G-7 fiscal basket cases! As finance Minister Poloz notes in his double speak- our “booming economy” is sinking rapidly into unprecedented massive debt- even after inflation is factored out! Even worse we face the debilitating medical costs of caring for a rapidly aging population- and LIE-beral solutions to that do not bear thinking about! LIE-berals are LYING in technicolour about the true condition of our economy! But then- if they told the real truth people would PANIC!)
(One has only to read of the Ontari-owe man suffering from inoperable cancer- the guy that that his hospital staff want to dump out of his bed and send home! The guy can no longer walk or even feed himself and needs aid 24/7 and is not dying quickly enough to suit hospital bean counters! The guy has a litany of complaints about the home care staff he was previously supplied with- things like food poisoning from badly handled and prepared meals; being DROPPED during transfers to toilet and bath tub; absent minded care givers falling asleep and leaving stove burners on with attendant fire risk! He does not feel safe in his own home with the kind of care Ontari-owe LIE-berals provide and he insists on staying at the hospital where he feels safe - and the LIE-beral “solution” is to tell him he MUST ACCEPT assisted suicide if he refuses to go home and choses to remain in the hospital in his last days!)
(Our infrastructure is collapsing from decades of neglect faster than LIE-beral policy! And we cannot expand our public transit since ALL our money is promised by LIE-berals to civil service union Hogs and the swarming tens of thousands of illegals that LIE-berals are rounding up and collecting like so many stray cats!)
But the central bank stuck with its benchmark rate of 1.25 per cent last month as it continued its careful process of determining the best juncture for its next hike.
(Bank governor Poloz is nothing but a fiscal janitor- monitoring the Cdn bank while waiting for LIE-berals to be deposed in favour of another govt that will take real action to resolve our serious debt problems!)
In prepared remarks of his address to the Yellowknife Chamber of Commerce, Poloz said the volume of what Canadians owe is an important vulnerability for individuals and the entire economy. He added that it's one of the key reasons why the bank has been taking a cautious approach to raising its trend-setting rate.
(Yes- LIE-beral govt has worked itself very deftly into an impossible corner! In the recent Ontari-owe election- civil service Hogs deserted the Wynne-bag LIE-berals in favour of NDP who they think might give them the new gravy they feel ENTITLED to- this is govt by greed- with no logic or sense of responsibility! And recent Ontari-owe NDP candidate Vaz-Oxlade has suggested that govt debt is NOT like private debt and is thus NOT A PROBLEM! God help us if NDPers ever get any real power in this country!)
"This debt still poses risks to the economy and financial stability, and its sheer size means that its risks will be with us for some time," Poloz said.
(This is the Poloz way of delicately telling us that LIE-beral vote buying of Hogs and illegals is TOO COSTLY to be allowed to go on!)
"But there is good reason to think that we can continue to manage these risks successfully. The economic progress we have seen makes us more confident that higher interest rates will be warranted over time, although some monetary policy accommodation will still be needed."
(The quickest way to handle the debt is by getting new revenue which WILL require the building of Kinder Morgan and Energy East pipelines! The first will bring in cash from China and the second will stop the outflow of Cdn cash to Venezuela thus reducing our trade deficits! Cutting off Cdn cash to Venezuelan socialists will ensure they have LESS resources available to pay secret police and to bully their population! A new natural gas pipeline to help Cdn gas get to Asian markets will also help bring in new cash- but LIE-berals have already told us they want to phase out all fossil fuel use- even though there is no practical alternative energy source at this time! LIE-berals do not care that China WANTS to replace coal fired electricity plants with cleaner burning natural gas fueled generators!)
(LIE-berals have already made a staggering mess of the mouldy green energy system in Ontari-owe! And the City of Toronto is on its THIRD contract- desperately seeking low emission busses that MIGHT actually deliver both mechanical reliability and the promised fuel savings! The two previous low emission bus contracts have been costly failures! The nicest thing that can be said of the latest Toronto bus purchase is they are moving much more cautiously- the burned hand teaches best but the DORKS are still playing with mouldy green powered fire! Toronto- and the entire country would be better off if LIE-berals got OUT ENTIRELY of the electric TOY vehicle business!)
Poloz said debt is a natural consequence of several factors, including the combination of a strong demand for housing and the prolonged period of low interest rates maintained in recent years to stimulate the economy.
(To bad the LIE-beral does not discuss the economy crushing GREED of civil service Hogs! LIE-berals have issued IOU`s to the Hogs totalling hundreds of billions of dollars- and Hogs are DEMANDING that money even if it wrecks our economy- we are at war with our civil service and with the illegals swarming across our borders for possession of the little money remaining in our economy!)
The governor also provided detail on issues the bank is examining as it considers the timing of its next rate increase.
If it raises rates too quickly, the bank risks choking off economic growth, falling short of its ideal inflation target of two per cent and could lead to the type of financial stability risk it's trying to avoid, he said.
(For a number of years now- economic growth has been BELOW the rate of population growth- meaning we are being squeezed financially with a reduced standard of living! This is especially bad for the older generation that has been pushed out of the work force into retirement whether they can afford to fund it or not- those ultra low LIE- beral interest rates are also hitting at rates of return on investments- too many people live on FIXED incomes in a climate of soaring costs for govt services such as electricity and water- along with the crippling effects of food cost inflation driven by the LIE-beral carbon crap and trade tax! Too many elderly Cdns are being forced to make ugly fiscal choices between food, rent, heat and medical prescriptions!)
(This carbon crap policy is also hard on the young as they struggle to get set up financially while carrying massive school debt driven by greedy Hog educators and while struggling to find an affordable place to live! The latest numbers say it takes 9 years to pay off the average student debt- no wonder so many kids end up back in parents basement!)
But if the governing council lifts the rate too slowly, Poloz said it could intensify inflationary pressures to the point it overshoots the bank's bull's-eye. Poloz added that moving too gradually could also entice Canadians to add even more debt and further boost vulnerabilities.
(LIE-berals are quietly refusing to look at the cost and consequences of their pension promises to Hogs! OSSTF- our Ontari-owe high school teachers have been promised fifty five billion dollars - with 18 more unions right behind OSSTF and all with their own economy crippling LIE-beral offered IOU`s! We cannot pay Hogs what they believe they are entitled too- there simply is not enough money in Canada to do so! This is the face of Cdn bankruptcy!)