Hyperinflation is coming...

pgs

Hall of Fame Member
Nov 29, 2008
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B.C.
Companies can't afford to ship.. it's almost 50% of companies are cutting back on shipments.. food, medical supplies, and so on.. which will increase prices more.

Good luck folks!! The shit is about to hit the fan..

Trudeau's handgun ban may have been calculated to what's coming.
Do you have a stock pile of def ? It sounds like shortages are coming .
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
17,529
3,312
113
Regina, Saskatchewan
This week, Deputy Prime Minister Chrystia Freeland is reportedly set to unveil a $7 billion package intended to help address Canada’s historically high rates of inflation.

There’s just one problem: When it comes to curbing inflation, dumping yet another $7 billion into the economy is probably among the least advisable medicines.
Canadian inflation currently stands at 6.8 per cent. This means that the loonie is losing nearly seven cents of purchasing power every 12 months. For a Canadian earning a median income of $55,700 per year, that translates to an annual inflationary loss of $3,787.60.

On the eve of the COVID-19 pandemic, Canadian federal debt stood at $686 billion. That’s now ballooned to more than $1.1 trillion. Even after a sharp scale back in government spending for the 2022 budget, Canada is still spending well above pre-pandemic levels; this year’s $52.8 billion deficit represents $1,400 per Canadian in new debt.

While not every factor driving inflation is Ottawa’s fault, it shouldn’t be all that surprising if dumping billions in cash on top of an already overheated economy doesn’t have the curative effect they anticipate.
 
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pgs

Hall of Fame Member
Nov 29, 2008
24,339
5,192
113
B.C.
This week, Deputy Prime Minister Chrystia Freeland is reportedly set to unveil a $7 billion package intended to help address Canada’s historically high rates of inflation.

There’s just one problem: When it comes to curbing inflation, dumping yet another $7 billion into the economy is probably among the least advisable medicines.
Canadian inflation currently stands at 6.8 per cent. This means that the loonie is losing nearly seven cents of purchasing power every 12 months. For a Canadian earning a median income of $55,700 per year, that translates to an annual inflationary loss of $3,787.60.

On the eve of the COVID-19 pandemic, Canadian federal debt stood at $686 billion. That’s now ballooned to more than $1.1 trillion. Even after a sharp scale back in government spending for the 2022 budget, Canada is still spending well above pre-pandemic levels; this year’s $52.8 billion deficit represents $1,400 per Canadian in new debt.

While not every factor driving inflation is Ottawa’s fault, it shouldn’t be all that surprising if dumping billions in cash on top of an already overheated economy doesn’t have the curative effect they anticipate.
But our deputy PM is a journalist and what do they know ?
 
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JLM

Hall of Fame Member
Nov 27, 2008
75,291
538
113
Vernon, B.C.
This week, Deputy Prime Minister Chrystia Freeland is reportedly set to unveil a $7 billion package intended to help address Canada’s historically high rates of inflation.

There’s just one problem: When it comes to curbing inflation, dumping yet another $7 billion into the economy is probably among the least advisable medicines.
Canadian inflation currently stands at 6.8 per cent. This means that the loonie is losing nearly seven cents of purchasing power every 12 months. For a Canadian earning a median income of $55,700 per year, that translates to an annual inflationary loss of $3,787.60.

On the eve of the COVID-19 pandemic, Canadian federal debt stood at $686 billion. That’s now ballooned to more than $1.1 trillion. Even after a sharp scale back in government spending for the 2022 budget, Canada is still spending well above pre-pandemic levels; this year’s $52.8 billion deficit represents $1,400 per Canadian in new debt.

While not every factor driving inflation is Ottawa’s fault, it shouldn’t be all that surprising if dumping billions in cash on top of an already overheated economy doesn’t have the curative effect they anticipate.
Not surprising to me, Ron! Our illustrious P.M. was shovelling money out the back door in a wheelbarrow for two years and virtually none of it is being repaid. I think he should help folks out who are in genuine need through no fault of their own. Zero interest loans to be promptly repaid is a sensible solution.
 

Ron in Regina

"Voice of the West" Party
Apr 9, 2008
17,529
3,312
113
Regina, Saskatchewan
Same day….it’s going to be hot (mid 30s degrees Celsius) on the weekend so grabbing some stuff so we can BBQ & stay cool….& they where assembling these in the Wholesale Club in the meat dept:
1655424223810.jpeg
No lock on it or sides to the cage yet…but they’re coming. This is the no name place where many of the restaurants shop. Sign of the economic times.
 
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pgs

Hall of Fame Member
Nov 29, 2008
24,339
5,192
113
B.C.
Not surprising to me, Ron! Our illustrious P.M. was shovelling money out the back door in a wheelbarrow for two years and virtually none of it is being repaid. I think he should help folks out who are in genuine need through no fault of their own. Zero interest loans to be promptly repaid is a sensible solution.
Yet you supported him all the way , go figure .