Canada's debt to gdp

[biglentil]

Sry no, the only thing that gives the dollar purchasing power is faith. Its value is infact zero it would be terrible to try and heat a home with and makes a crappy toilet paper. If it were redeemable for a fixed amout of valueable goods such as gold, oil ... held in reserve for every dollar issued. Then it could be said that the dollar holds value.

[Klause]

Sry no, the only thing that gives the dollar purchasing power is faith. Its value is infact zero it would be terrible to try and heat a home with and makes a crappy toilet paper. If it were redeemable for a fixed amout of valueable goods such as gold, oil ... held in reserve for every dollar issued. Then it could be said that the dollar holds value.

I didn't say it holds value. What I'm saying is only the before mentioned activities give a currency - any currency... value in an economic system. Everything else is simply moving money from one to the next... You need to insert something of value somewhere in order to be able to place money... or used to... Now federal reserves simply inject currency into equity markets where it does no good to anyone.

[burnt]

Wow, what a way to start Monday morning - reading what a bunch of negativism views on our stellar economy!

I just might put the whole bunch of you on "ignore"!

Because sock puppet PM and his puppets master Butts did and it seems to work for them...

[BreadWinner]

Thats all a bunch of lies!!!!
Our great leader told me that the Economy comes from the HEART and the budget will balance itself.

[errolanderson]

Canadian government deficit spending is now the key driver of Canada's economy. Our economy has yet to get off its training wheels. Reality is going to come with a mighty punch to the consumer . . . .

[hobbyfrmr]

Thats all a bunch of lies!!!!
Our great leader told me that the Economy comes from the HEART and the budget will balance itself.

You had to remind us of the election winning quotes from selfie.
Are the bankers going to tell citizens that they just didnt have enough heart when the citizens are turning in the keys to their SUVs and houses?
That last sentence seems to be an absurdly impossible scenario but somehow the odds are in that direction.

[Hamloc]

Klause, back to your original statement. Germany has a 300 billion dollar trading surplus with the world. They tried to take over the world by force in WW2, now they are doing it with business. They simply have a better work and design culture than the rest of the world. I read an interesting article about Elon Musk and his mastery of the fake economy in the financial post. The most celebrated entrepreneur in the US and his business model DEPENDS on government subsidy. Any jurisdiction that eliminates it's electric car subsidy also eliminates Tesla car sales. He has a creative mind but his business model is built on BS. Canada is more interested in embracing the fake economy than we are in being real builders like Germany. Think about it, most Governments in Canada want to shut down the fossil fuel industry and replace it with Chinese made solar panels and corporate marijuana grow ops. They think this is the future! In contrast in Germany they try to figure out what the world needs and then build it better than anyone else, who do you think will come out on top?

[Oliver88]

And the cutting of trees, the growing of food, the catching of fish, the trapping of furrs... the extraction of minerals is the only way that money is ever given value... Everything else is simply moving money in circles.

I was told by Liberals that the industries you listed are "old industries" Klause. Also taxing the hell of the industries you listed with a carbon tax will be good for the economy. Than also scrutinize all corporations in these sectors to see if governments can extract more income taxes.


The environmental activists say the good news is there will be "green" jobs that will replace all these old and dirty jobs.

[chuckChuck]

I am surprised that you credit Germany for a solid economy? They have invested heavily in renewable energy using subsidies. They have strong social programs and longer holidays and better benefits for many workers because of strong unions. They have taken the largest share of refugees in the world.

How do they manage a successful economy without all the natural resources that a country like Canada depends on? Could it be that our over reliance on natural resources makes us less innovative and productive? Not to mention vulnerable to commodity price swings over which we have no control.

BTW Canada currently has the top or near the top growth rate in the G7.

[blackpowder]

Germanys' greatest resource has been its culture of industry and manufacturing.
Relying in part on access to an abundance of cheap electricity.
We at present lack the culture and the base. And now of course, we lack access to cheap, abundant electicity.
Stop hiding behind cheap politics.

[samhill]

Canada's debt

One other problem is our smartest brightest are employed in the USA and other countries. No way we can keep them here.

[errolanderson]

I am surprised that you credit Germany for a solid economy? They have invested heavily in renewable energy using subsidies. They have strong social programs and longer holidays and better benefits for many workers because of strong unions. They have taken the largest share of refugees in the world.

How do they manage a successful economy without all the natural resources that a country like Canada depends on? Could it be that our over reliance on natural resources makes us less innovative and productive? Not to mention vulnerable to commodity price swings over which we have no control.

BTW Canada currently has the top or near the top growth rate in the G7.

Canada's amazing growth rate is sponsored by out-of-control government deficit spending. Soon, a reality check, as the piper will have to be paid . . . .