Province to axe jobs

[JLM]

Inflation is actually not that high. Our problems with rising costs are more related to devaluation of the US & Canadian dollar compared to some other currencies.

Hyper-inflation is caused by flooding the market with more currency than is needed. The British tried this just before the revolution, they had 2 ships in Boston harbour producing huge amounts of counterfeit currency that took the price of a pair of shoes from $3 to $300 in a few weeks. It was their attempt to force the colonies to use only the pound as currency and prevent the colonies from producing their own fiat currency. Control of the currency was the main reason for the American Revolution.

It's the U.S. $ that has been devalued in recent months, the Canadian $ is soaring.

 

[PoliticalNick]

It's the U.S. $ that has been devalued in recent months, the Canadian $ is soaring.

Compared to what? We are up against the US dollar but where are we compared to other currencies like the Euro and the Yuan.

 

[JLM]

92.9 for purple diesel and 96.9 for purple gasoline from the Cardlock.

$0.35 in road taxes.

That's nice, but out here we don't get to use purple gas, except in the lawn mower! :lol:

 

[petros]

Screw other currencies, gold and silver is your indicator. To show how much our dollar has devalued over the years, a 0.50 silver piece from 1964 will buy you a gallon of gasoline today and give you change.

 

[JLM]

Compared to what? We are up against the US dollar but where are we compared to other currencies like the Euro and the Yuan.

Not sure, Nick, but I think what is important is how we compare with our customers and suppliers.

Screw other currencies, gold and silver is your indicator. To show how much our dollar have devalued over the years, a 0.50 silver piece from 1964 will buy you a gallon of gasoline today and give you change.

You're too complicated for me, Petros, like I was telling Ton, I'm just a simple sort of guy. :lol:

 

[petros]

I'l try again. A silver 50 cent piece in 1964 was worth under 50 cents. Today that same 50c piece of silver is worth $5.28

 

[JLM]

I'l try again. A silver 50 cent piece in 1964 was worth under 50 cents. Today that same 50c piece of silver is worth $5.28

So it's falling behind - a gallon of gas in 1964 was about 45 cents, today a gallon costs about $5.78.

 

[Retired_Can_Soldier]

I hope some more assholes crash planes into buildings and more banks **** up royally so I can make a ****load more without having to get up in the morning.

You know Petros we don't agree on many things, but even "joking around" the statement above is not something I would expect from you.

I doubt Harpo will scrap medicare. I do think he will make serious attempts to privatize and institute a 2 tiered system where those with the money to pay directly from their pockets will get preferential treatment.

We already have a two tier system. Some folks are so wrapped in their holy grail ideology they fail to recognize that.

I wouldn't exactly class it as McGuinty's doing either. The economy has failed miserably and is still in decline. Unemployment while showing some stability in the stats is actually rising as those that are on EI have claims run out and are no longer counted. Underemployment has become a much larger issue, people who were making $20-30/hr before they lost their jobs are now making $10-15. All this has reduced the tax base considerably. I have seen/heard a few reports that estimate a drop in personal income tax revenues of between $5-16 billion by 2012. Add on the $6 billion for corporate welfare and I don't see how the cons can balance the budget, in fact they will run higher deficits. I imagine we will start hearing the excuses early next year in the months leading up to the next budget when the lies cannot be hidden anymore.

Well considering that two provinces are now sending HST up the pipe to Ottawa before they kick back doesn't seem like much of a revenue decline to me. Especially considering that said HST is now on items that were not GST/PST taxable before. And of course all those fuel taxes generated from rising fuel costs don't hurt either.

All that said I agree that there is much pork and waste at provincial & Federal levels and that it should be one of the first places to start cutting.

I agree wholeheartedly. It's time to get our house in order.

 

[JLM]

You know Petros we don't agree on many things, but even "joking around" the statement above is not something I would expect from you.



We already have a two tier system. Some folks are so wrapped in their holy grail ideology they fail to recognize that.


.

Two tier is good- when a person is willing to leave the line and pay, that shortens up the line for the rest of us. Funny how some have a hard time understanding that! :lol:

 

[Retired_Can_Soldier]

Two tier is good- when a person is willing to leave the line and pay, that shortens up the line for the rest of us. Funny how some have a hard time understanding that! :lol:

Better to have folks wait 5 months for an MRI or a Bypass surgery.

 

[petros]

You know Petros we don't agree on many things, but even "joking around" the statement above is not something I would expect from you.

Was I joking? Seriously though, I was sitting on oodles of what seemed like useless venture stocks that were given as bonuses upon job completions that all of a sudden shot through the roof after 9-11. Then came the banking crash and I made out insanely on silver and gold. Recently it's been flipping leases and now looking at grain and oilseed prices I'm damn glad I sunk it all into producing land and kept the tax man at bay buying new equipment.

Do I really hope it happens again? No.

 

[Retired_Can_Soldier]

Do I really hope it happens again? No.

Thank you.

 

[petros]

You're welcome.