Hyperinflation is coming...

B00Mer

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Sep 6, 2008
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Bank of Canada Is “Discrediting” Its Own Inflation Research, Puzzling Economists : NBC


Admitting there's growing inflation would mean putting some limits on the infini-press and it'd make more people realize wages suck so much real purchasing power is down year over year. Can't have that.
 
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B00Mer

True North Strong & Free
Sep 6, 2008
38,392
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This guy has it all wrong. They didn't create jack shit out of "thin air" in order to print money.

GoC through Morneau sold $296B USD in bonds due after 5 years. Bank of Canada wasn't involved.

Sold or bought?? We are still fucking in to much debt.

 

petros

The Central Scrutinizer
Nov 21, 2008
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Dixie Cup

House Member
Sep 16, 2006
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bob the dog

Electoral Member
Aug 14, 2020
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Bank of Canada Is “Discrediting” Its Own Inflation Research, Puzzling Economists : NBC


Admitting there's growing inflation would mean putting some limits on the infini-press and it'd make more people realize wages suck so much real purchasing power is down year over year. Can't have that.
Banks are making record profits for the 50th year in a row... still hiked service fees last week. Can never have too much.

No federal regulation is a beautiful way for the Government of Canada to look the other way and to let banks do whatever they want. Provincial regulators are a useless waste of money that works on behalf of the banks.

Canada has foreign embassies in 170 countries but RBC won't allow securities to be traded other than Canadian or US listed. 99% of all Canadian investments flow through US institutions. Maybe it is a coincidence.
 

Dixie Cup

House Member
Sep 16, 2006
3,338
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Edmonton
Amazing speech from Pierre Poilievre on MMT and hyperinflation!!! Nailed it. Worse part is the smugness from the idiots in Canadian parliament.


Now this guy should be Prime Minister, Pierre Poilievre is brilliant.


I will never vote for A'Tool.
Excellent presentation on how our money works. Too bad there are so many people who are ignorant on how the economy works.

Government have NEVER and can NEVER provide jobs for the population. It seems that there are those who figure that the government can do everything when in fact, it can't. They can only provide the rules & regulations (which they inevitably screw up by over regulation) and provide the environment for business to succeed or fail within the economy. Trudeau thinks that the government can do everything but the only thing (this) government has done is put our country at risk. We are in for a ride guys, so hang on!!
 
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taxslave

Hall of Fame Member
Nov 25, 2008
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Banks are making record profits for the 50th year in a row... still hiked service fees last week. Can never have too much.

No federal regulation is a beautiful way for the Government of Canada to look the other way and to let banks do whatever they want. Provincial regulators are a useless waste of money that works on behalf of the banks.

Canada has foreign embassies in 170 countries but RBC won't allow securities to be traded other than Canadian or US listed. 99% of all Canadian investments flow through US institutions. Maybe it is a coincidence.
Buy bank shares.