Temporarily Unexpected

Great Reset It's Probably Nothing 55 Comments

OTOH, if they go full Zimbabwe with the money printing, that national debt could be paid off with a couple loaves of bread.

55 Replies to “Temporarily Unexpected”

  2. The NP last week listed Canada’s Debt to GDP as 352%. It was announced by Poilevre on the HofC floor using Federal Government Dept of Finance numbers that Trudeau has increased atotal Government Debt to 9 trillion. That iscequal to all the debt of the EU with only 36m people. Canada will be broken up. When Ottawa can no longer pay the many welfare scams they will burn down the cities. When the Indians get cut off and Quebec gets cut off we will be broken up possibly into separate countries or become part of USA. https://www.bitchute.com/video/rZZQNh2mGVaQ/

    2. Watcher

      ….Given you an I (among at least 40+% of Ab’s population), are both Confirmed Alberta Separatists…I wholeheartedly pray this happens…sooner than later.

      Bloody well long overdue.
      Independance…not some oil rich vassal state to the US to be plundered.

      1. As what appears to be the minority of sane-thinking people here in this burg, let me say that I am with you and the people of Alberta. Why in goodness name you haven’t gotten out by now escapes me. This is obviously an abusive relationship the good people of Alberta has with the federal government.
        I’d join you, but I’m not sure about Alberta these days… it seems that you have your own handful of issues to deal with out there, particularly in Redmonton, and a whacky socialist of a mayor in Calgary that makes Nenshi seem like a moderate.

        1. Redmonton…

          Communist Calgary…

          The flyover people need to teach the big cities a lesson in civility…

        2. Gyoti Gondek had the recent Calgary civic Election handed to her via George Soros PAC cash….and the unfettered use of Dominion Voting machines.

          Just another far Left Cunning Stunt..owned n operated by the LIBERAL Party of Canada & by extension, the WEF.

          Ditto that bag of shit Mayor in Redmonton

          1. The Dominion machines Alberta used were sketchy as heck. I managed an Airdrie polling station. None of the tally tapes made sense. There were invalid votes a plenty and nothing balanced. I was told not to worry about it.

  3. Zimbabwe
    1980 – 2006 minimal inflation
    2006 – 1,000 to 1 devaluation
    2008 – 10,000,000,000 to 1 devaluation
    2009 – 1,000,000,000,000 to 1 devaluation
    Total devaluation – 10,000,000,000,000,000,000,000,000 to 1
    Coming to a shithole country near you.
    2009 – 2019 used primarily $US and South African Rand plus others.
    2019 new currency with around 500% annual inflation.
    Printing money to inflate is simply theft from current holders of cash. And in Canada they then tax the illusory capital gain.

  4. The future is not bright, you can put away the shades. prepare by having unmortgaged assets that will keep pace with the inflation, and buy gold or silver that will always keep pace as well. Start developing a network of people different from yourself to trade and barter with. You’ll need furnace repair, offer some produce, or frame a garage for them. In the 70s, everyone fixed their own houses, their own cars, and gladly worked multiple jobs to get ahead. My only worry is the government expanding the free stuff to the point of encouraging laziness.

    2. My bank manager called and asked for a meeting. Wanted me to open a tax free account look at options etc. listened to her pitch. Then advised her i could make more money curbing cars than investing in any banking scams. Canada is a huge, Open Air, Self Supporting Penal Colony. Even a man living in a cardboard box under a bridge has a tax bracket. He is part of the Canadian Tax Donkey Farm. When he panhandles a few bucks and buys something maybe a bottle of booze. He will pay tax. Criminal levels of Tax Theft in Canada

      1. Dark Side of the Moon always reminds me of my muse Alan Parsons … who produced and engineered Dark Side of the Moon as well as Engineered Let It Be … and stood on the roof with the Beatles (although he was behind the cameras).

        https://youtu.be/SEDPgO2eEB0

        Parsons music is treasured by audiophile vinyl aficionados like me … because the sound recording is spectacular! A delight to the ear.

        When I breakdown … reminds me that our whole system and economies are breaking down

        1. Kenji +100 for Alan Parsons (and Eric Wolfson RIP).

          63 years old, love Prog rock – Floyd, Genesis, Camel, Marillion, Yes, Rush et al.
          I still remember the moment I heard ‘Tales of Mystery and Imagination’ in 1976 at a friends house and fell in love. Great musicians, great songwriting and all their work is very well recorded. My best mate, a few years older than me but with the same musical taste (although he likes the Moody Blues quite a bit – not my cup of tea), had never heard of them. Now he plays them all the time and wonders how he missed them in the ’70’s.

    3. How about a system where you have something of value that everyone is willing to accept in trade, because they know it will retain its value and they can then go and trade with someone else who has nothing that you want to barter…

      It’s easier to trade some silver than it is to make change for a goat when you have eggs to trade. We’ve been doing it since the beginning of time.

      1. The problem with that is: what mass of people has small denomination of precious metals laying around right now and who is going to establish the prices for items? Me thinks that a pound of bacon can quickly become more valuable than a leisure boat or a sports car.
        Until all that is all settled, firepower with lots of ammo will be invaluable biggy time.

  6. Things must have changed since I did my economics courses. Is not high inflation really bad for banks? I know they are getting lots of business coming in with their Pride parade marketing campaign. Maybe all those new chequing/savings accounts will make up for currency being worthless, foreclosed property being worthless, and, workers rushing into the black market. I am not concerned about their personal safety, of course. I am sure the po-po will be able to find a tow truck to deal with the illegal parking of any sort of mobs with nothing left to lose.

    1. Inflation combined with high interest rates is generally good for banks. People are willing to borrow at high interest rates in the expectation that what they owe will reduce in value (in real terms). This means high (potentially very high) margins for banks, especially on short term lending (e.g. credit cards).

      It is the secondary effects of inflation that are bad for banks, e.g. recession, lay-offs, failure of wages/salaries to keep up with inflation.

      Hope that helps.

  7. “OTOH, if they go full Zimbabwe with the money printing, that national debt could be paid off with a couple loaves of bread.”

    Heh. Remember back when the UN I.P.C.C. announced that they wanted $122 trillion, and gasoline at $249 a gallon, to fix global warming? I would’ve happily paid it all off – all by myself – just to see what the I.P.C.C would say then – if they’d take Zimbabwe dollars at par; you can get ’em pretty cheap on ePay…

  8. It’s kind of strange how these slow unfolding multifaceted disasters are being all but ignored by the powers that be, those that are supposed to be in charge of our welfare. Are they thinking….sorry, they don’t think, are they imagining that if they ignore the whole planet slowly going to hell in various and sundry ways, that all will be well, and we can all skip home for supper holding hands? WTF. Only those that are wealthy enough can avoid having to worry about such mundane things that the rest of us are concerned with? You know, simple stuff like food, warmth, shelter, and energy. Yet it is the wealthy that are pushing for the total breakdown of sanity and society.

    You would think that with all the history we’re aware of, like wars and famines, diseases, REVOLUTIONS….
    They should know that ultimately populations rise up when they reach their breaking point, when they pretty much have nothing left to lose, they get pissed at those who are wealthy or whom have been the cause of their downfall, in this case the wealthy and the whom, are one and the same, with the WEF, UN, UNESCO, WHO, BLACKROCK, in the lead, all of them lording it over the rest of us…..I wonder if they’ll be somewhat surprised when the brown stuff hits the fan at high speed! I also wonder, could they have a perception issue…./s

    1. They have learned. That’s why they’re building fortresses of solitudes around their mansions, fully manned with armed, para-military style weapons. Just look at what Biden is doing to his Delaware home. Yep… he’s building a wall!
      They learned all right. That’s why I keep saying that all of this was pre-planned well in advance to steal our wealth, then go into lockdown when the proverbial excrement finally impacts the rotating oscillating device.

      1. fc, I don’t think it will be proverbial….

        You’re right about the walls though, but I don’t think they can build em high enough or strong enough, when push comes to shove. Once enough peoples worlds come crashing down, then theirs will too!

        Guarrenfrigginteed!

        1. You don’t need to break down walls. Just prevent supplies from getting in. Those small armies inside cannot eat their munitions.

          1. Don, I think you meant, “can eat their minions”, before their minions use their munitions on them 🙂

  10. Primarily there’s three problems contributing to inflation:

    – out of control government spending
    – supply chain issues
    – interest rates

    The first two need to be fixed to the maximum degree so we don’t have to jack interest rates to the maximum.

    3. Sentiment. That’s what drives markets today. The fundamentals no longer move markets … but feelings and opinions do. And the BIG pension funds and investment houses have us all wayyyyyyy behind. Good luck guessing what their sentiment is gonna be before a move. But I’m sure there’s an algorithm for that …

  12. This “money printing” is total BS. The Fed CANNOT print broad money. Only base money, bank reserves. It’s right there in the Federal Reserve Act. Money is created by commercial bank lending. The Fed has no control over money creation, even domestically, and to top it off, the vast majority of US money supply is in the Eurodollar system of offshore banking, unregulated and un-tracked. The Fed is like the little guy in the toilet bowl, only able to directly control the interest rate it charges banks, but with a huge megaphone and a financial media that’s bought into the fiction.

    The really bad news is the Federal Govt isn’t printing money to finance its spending, it’s borrowing it from bond markets as it always has. The helicopter money is debt, taken from existing supply, not printed. The inflationary impulse is fiscal, not monetary, and it’s being driven by money borrowed from financial markets by issuing bonds/treasuries, and rained down on the public. We aren’t heading for hyperinflation; we are headed for (are in) a slow motion crash.

  13. The economy won’t withstand a central bank rate of 13%. That would shut down virtually all business lending and bankrupt nearly anyone with an existing loan.

    Thanks to the exponential growth in debt, a 3% rate would be enough to trigger an economic calamity.

  14. Faster.
    Harder.
    Do our self styled “Leaders” have a deathwish?
    Serious question.
    As we know our nature.
    We have the repeated lessons of history.
    And we know what we feel is justice for;
    “Persons who abuse positions of public trust”..
    So acting as they have,our Dear Leaders seem to believe they can escape to “Fortresses of Solitude”.
    Protected by their armed security forces.
    Yet if their insanity creates chaos from civil order..What do the security staff need the Dear Leader for?
    History is full of such examples..

  15. From the last 10-15 yrs, we’ve gotten little glimpses into their plans…
    From time to time we’ve seen the luxury survival bunkers in undisclosed locations on tv, and heard unconfirmed names of those who have spent millions for their space in them. I remember reading about some prepper type who was paid big consulting money to meet with other non named individuals who were all certain an end was coming.

    1. I wonder what they plan to do when they come out of those bunkers? They don’t know how to do anything. They can’t grow food. They don’t know how to build or maintain anything. They don’t understand basic plumbing or water filtration. Mechanics? Chemistry? Logging? Animal husbandry or domestication?

      Never underestimate how ignorant these people really are.

    2. Very easy to block the air intake vents of those bunkers.
      No need to break in to them.
      Just wait for them to pop their heads out and bam ala The Dirty Dozen.

  16. It is worth noting at times like this that South Korea has gone through this knothole three times since WWII. The government issues money, inflation comes along and crashes the economy so hard they can’t recover, they get a New Government.

    Which issues new money…

    They’re currently on their third or fourth iteration of this farce, and every time it is the population of the country and foreign investors that get screwed. The big guys always seem to skate, almost as if the whole thing was a big washing machine set up to steal and launder dirty money.

    Right now, Canada is know to be the world’s washing machine. We already launder immense sums of Chinese money. The Canadian government can easily inflate the Canadian Dollar to Zimbabwe status to escape their debt, issue new bonds based on natural resources (which are too big to move, so convenient right?) and go right back to the same game again.

    Some research into how Joe Average got by during the Korean money explosions might be instructive. I doubt they bought gold. More likely they bought rice, but I don’t know for sure.

  17. It’s worth mentioning perhaps that 99% of the time since 1980, somebody somewhere has been publishing opinions that claim that economic collapse is imminent. It hasn’t even happened in China yet. Not that I am some wild optimist about this, I would not be at all surprised if economic trouble of a larger sort than we’ve ever known is coming. Given that most governments are wasting a lot of money on dubious green economic boondoggles, a welfare state that is not really rationally supported, and skimming off large amounts in graft, it seems more good luck than planning that we have not seen those doom and gloom predictions totally verify. I would accept that they have already partially verified.

    One way back to economic sanity is to admit that all forms of carbon taxes are really just extra taxation for general revenues. Obviously not one cent has actually been spent on improving the weather or if it has, it hasn’t worked, the weather is doing exactly what it would have done anyway. The fact that there is not one elected official in Canada willing to state this in plain language frightens me (Max of course would but he’s not elected). Maybe Randy Hillier did, if so, sorry Randy.

    Another vital improvement would be to make it impossible for governments to get their hands on private funds or pension funds. We have some safeguards and the optics would be bad even in Kanaduh, but you just know that when the real money runs out these crazy globalists will go for the private wealth through more than just high taxes.

    I think a forensic audit would show that carbon taxes are actually streaming through into wages and pensions for the public sector and multiculturalism boondoggles. It is outright fraud to collect this money under any pretense that it will help the climate, what might be happening as a symbolic gesture is that some of the money is wasted on alternative energy projects. But that won’t change the weather. My belief is that other than a slight increase in temperature, human activity has no real impact on the weather patterns, just a small impact on the mean temperature, and not big enough to be concerned about it, natural variability is causing more warming than we are.

    1. If you want to see real weather changes , watch what happens when a volcano pops off.
      Us puny humans got nothing on Mother Earth.
      Like a bad case of fleas , she will shake us off and continue on with us as a footnote in history, if that.

      1. John Bosley, Yup! There are over five hundred volcanoes on this planet. Look what happened to all flights in and out of Europe for five + days when that one single volcano with the un-pronouncable name Eyjofoxxxx something blew off in Iceland a few years back. Fleas? We are more like verdigris on the planet surface!

        1. GerryK
          Iceland, a nice little country were they speak funny. I asked my Finnish friend if Icelandic was similar to Finnish, NOPE was all she said. So I said but you also speak funny, I came out of that alive:-))))

          1. GYM, From our perspective they all speak funny, shoot even different areas of English speaking countries speak funny too. However, have you ever considered how hard it is to learn and speak English? Many of our words have same spellings with different meanings, and different meaning with same or similar spelling. Consider the blowing ‘wind’ while you ‘wind’ the clock up. Or did you get a ‘wound’ when you ‘wound the clock up. All languages are crazy, but English is no less crazy. I’m just thankful I grew up with English as my native language. Context is important eh? lol!

            By the way, I’m glad you survived the Finnish encounter, that language is eye popping tough!

          2. Finnish is quite unlike the Nordic languages, and indeed is not a European language at all. A page of written Finnish looks like an explosion at the typesetter’s. When I travelled in Finland years ago, I got by, partly because many Finns speak English, and partly because the country is officially bilingual in Swedish. A page of written Swedish looks like a mixture of bad English and bad German, and I could handle that.

Proudly powered by WordPress & Skyrocket Themes

MENU

Navigation