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. I posted a link to the SEC filing of the bond sale14 months ago.Sold or bought?? We are still fucking in to much debt.
Bank of Canada Now Owns 40% of Government of Canada Bonds. Fed a Saint in Comparison. Taper on the Table“Makes you wonder if there’s a potential mid-QE-life crisis taking shape in Ottawa”: strategists at the National Bank of Canada in a note that would be hilarious if it weren’t so serious. …wolfstreet.com
Where's Canada?Debt so scary... BOO!
16th. South Africa
10th. United Kingdom
7th. United States
Countries drowning in debt in 2021 | lovemoney.com
Banks are making record profits for the 50th year in a row... still hiked service fees last week. Can never have too much.Bank of Canada Is “Discrediting” Its Own Inflation Research, Puzzling Economists : NBC
Bank of Canada Is “Discrediting” Its Own Inflation Research, Puzzling Economists : NBC | Better DwellingCanada’s central bank made an unusual move last month — it discredited its own inflation position. National Bank of Canada (NBC) deputy chief economist Matthieu Arseneau is “puzzled” why. In his latest report, he questions why the Bank of Canada (BoC) thinks its preferred measures overstate...betterdwelling.com
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.
Excellent presentation on how our money works. Too bad there are so many people who are ignorant on how the economy works.
Buy bank shares.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.