Alberta

[cottonpicken]

Maybe it's to early on a Sunday to talk politics naaaaaa.........

Got caught up argueing with a bunch of lefties about the upcoming budget and I came to the realization.

Everyone is a socialist and they dont even know it. Alberta has always had out of control spending and revenues. The conservatives of Alberta where always socialist.

Somewhere in hell Karl Marx is laughing his ass off.

[SASKFARMER3]

Three of your friends out of 10 are not the other 7 friends are really Socialist. I need a new bunch of friends.

[TOM4CWB]

CP;
Spending our next generations profits has never been more justified... and Japan, USA, EU, now PM Trudeau, Premier Notley... the vast majority of Canadian leaders... are backed by the majority of voters in Canada... and approve QE spending and generational transfers... in the persuit of economic prosperity and stability. SK was there till Brad pulled you folks back.

Good luck convincing young and old alike... everywhere but on the prairies... that QE is a bad plan. We just do not understand.

Cheers!

[mcfarms]

Had the opportunity a few years back during the pc leadership race following Klein to spend the day with one of the candidates as he toured through southern alberta meeting different municipal officials ,rcmp detachments ,school districts , and business leaders. Was such a eye opening and sad experience for me. Without exception each one of them said the same thing."we need more money" not one of them said it could be used positively long term through generating efficiencies or that they knew where they could implement cost saving effiencies. Às a farmer who is always looking to save money and be frugal and efficient I was so disheartened and disgusted the after what I heard and saw that day I came home went back to work and have never offered too nor accepted any of the offers I have received to be involved outside the local service club I belong to. No one gets the fact throwing money at a problem rarely solves the underlying problem .

[farmaholic]

What does it boil down to? Borrowing from the future or not willing to pay for the past? Same thing.

I don't see where I've been a huge liability to society. I always worked, pay taxes, never received a penny in EI, generated wealth, never sat in emergency because I had an itchy ass.

I've had kids, used the medical system responsibly, got a basic education, drive on deteriorating roads, recieved a bit of ag support dollars, ....

But still feel I've contributed more than I received.

In this.country no one will starve or freeze to death, you may not be as comfortable or have the lifestyle you want but you can live here and basically do nothing to earn it.

I hate the abuse of the "system".

A good email is the one where a person states he had to take drug tests to earn the money he has to pay people(through taxes) who are receiving "benefits" and don't have to pass a drug test to get them.

Its Sunday, time for more peaceful thoughts and some gratitude

[Hamloc]

My Dad was born in the early 20's and grew up in the Great Depression. He was one of the hardest working and frugal men I ever knew. Always talked about how you just had to make due. Most Albertans today have never known war or hunger and think only of themselves, and they don't even think of what they are downloading on to their kids. I would agree CP most Albertans are socialist.

[chuckChuck]

The wealthiest countries with generally overall higher standards of living than ours, are mostly in northern Europe and Scandinavia. They generally have better social programs, more equality,less poor people and higher taxes. These are well run countries with strong economies. The quality of life is high, they get more vacation time and education is often free ensuring that everyone gets a fair chance.

Canada is a great country but we can always do better.

Compare Norway to Alberta. Alberta is broke when the boom is over and Norway has a trillion dollars in a savings account which will stabilize their revenue stream and economy.

Norway has much higher taxes. Who are the better managers?

[bucket]

Many albertans came from saskatchewan.

Might explain a little bit of it.

[riders2010]

The rich elite that own the big capital are taking too much of the share of money from the system. Population increases always sound good but with that comes increases in infrastructure new and repair of old requires more and basic needs costs as well are higher.

How many people in our society are living in a situation of both husband and wife working yet if the car breaks down they need a loan?
I m sure the response will be but they likely have a cell phone and tv etc etc. The problem the people that own the capital that produce all of this make those products way too expensive and take way too much of everyone s income for the working family to pay for those infrastructure etc. But the greedy have enough convinced that if they don't make these mass profits they will go else where. Well F off should be the answer. But it isn't because they buy off governments to make it so they get what they want.

Meanwhile we fight over whether it's better for the super rich to have guaranteed more wealth or the select few unionized people should cut a bit into some of the profit while the rest of us still pay the crazy prices either way.

[Hamloc]

Riders, Canadians on average pay 41.8% of their income on taxes from all levels of government. More than they spend on food,clothing and housing combined. Your arguement is without merit. I would also add that the costs of labour, electricity,taxes and infrastructure drive manufacturing out of Canada. I would like to see all the goods I purchase made in Canada but it doesn't make dollars and cents.

[cottonpicken]

Almost half the people take out more than they put in to the system.

The three levels of government are spending between 20-30 grand per person per year.

The purchasing power of our dollar is down around 96%.

One time on guy said "think or the government and think of your high school graduating class,that's whose in charge"all of a sudden the world made much more sence.

[Oliver88]

It sounds like Riders wants more socialism.

[TOM4CWB]

You struck of cord there CP...

Since 'the value of our currency' has diminished so much, folks think that the debt is gone as well!

I suppose as long as it is in our own currency, there is a point to that.

For the US, owing much to so many others... like China... should make folks stop and think... when they come to collect...

The USA will just pay with QE... the 'right answer is!!!? Isn't that what the EU is up to, right now???

What a mixed up world!

[SASKFARMER3]

Their was a time real cash, savings etc meant something. Today it's visa line of credit and 30 year mortgages!
China has troubles also as many wealthy wanted to be Americans etc!
Messed up world!

[cottonpicken]

I knew about qe before it was qe and before it was implemented not enough money to recycle all those bonds let alone new ones and all of it being done at a low bid/yield. Who are the suckers buying the provincials in places like Ontario and now Alberta?have fun getting out of that trade if/when inflation comes. You'll be forced to hold it to maturity because there will be a no bid.

As treasuries are liquidated like what china is doing last number i heard was 250b?the central bank buys them up the open market or a hedge fund takes them on the short end of the curve hopping to catch a price swing and currency upswing-this has been working quite well in the us as of late.

The term is "un sterilized",my interpretation and I could very well be wrong is basically out of control capital creation that leaves the relm of influence of the system(this really is my own interpretation take it or leave it)

So the shit i think about and is pretty much pointless to do so. As the liquidation takes place the dollars hit the system,the banks leverage them up 10:1 and voila no asset deflation of any great magnitude. So now you got a cycle between banks and countries, debt and capital formation.

I dont have my arms around this yet i reserve the right to change my opinion.