Buh Bye Canada

[jazz]

Hello frozen Venezuala

[flea beetle]

WTF is wrong with the people making these decisions?

[farmaholic]

But Geezus guys, we're not even at mid- 90's levels yet. Or they said it was really high after WW2.

SPEND AWAY.

[GALAXIE500]

But Geezus guys, we're not even at mid- 90's levels yet. Or they said it was really high after WW2.

SPEND AWAY.

Value of our dollar and what you can buy with it is very different from WW2 to present day. $100 dollars in the 50's is a $ 1000 bucks now.

[dmlfarmer]

Hello frozen Venezuala

[ATTACH]6667[/ATTACH]

So if Canada is the next Venezuala based on the chart you posted what is the US? The next Somalia? After all when you post a US chart the current debt to gdp ratio in US is higher than Canada and projections are for the ratio to continue to climb faster than Canada's

[chuckChuck]

Don't expect Jazz to do numbers or facts. That's not his thing!

Jazz brings up an argument about rising debt to GDP in Canada but forgets his "hero" Trump is presiding over worse numbers in the USA! LOL

[sk_wheatking]

Don't expect Jazz to do numbers or facts. That's not his thing!

Jazz brings up an argument about rising debt to GDP in Canada but forgets his "hero" Trump is presiding over worse numbers in the USA! LOL

Why do you LOL after every post you make, its like uncontrollable laughter after your statements. Your heros must include Montgomery Burns and doctor evil.

[furrowtickler]

So if Canada is the next Venezuala based on the chart you posted what is the US? The next Somalia? After all when you post a US chart the current debt to gdp ratio in US is higher than Canada and projections are for the ratio to continue to climb faster than Canada's

[ATTACH]6668[/ATTACH]

Lol that looks like Al Hores , I mean Gores hockey stick graph . Was the ice not supposed to be all gone by now ? I thought that is what he said , could be wrong .
That chart reminds me of the guaranteed Hilarious Clinton win .... sometimes projections are not nearly what some would like . Kinda like the huge crop predicted, well that went south very fast after combined got rolling in earnest .
Meanwhile back in Canada , will be an interesting next few days .
Harvest resumes for those of us that farm.
Standing canola got dry yesterday afternoon after 1.5 inch rain on Sunday .
Got harrows going again yesterday, until they broke and hopefully get some post harvest weed control done here in next 10 days with this last stretch of warm weather .
Time will tell on everything how things will turn out . Good luck out there fellow farmers .

[farmaholic]

Value of our dollar and what you can buy with it is very different from WW2 to present day. $100 dollars in the 50's is a $ 1000 bucks now.

But there's more helicopter money being dropped all the time.

[macdon02]

An arguement developing on who is going to splat first. Let's rephrase this, which world govt is likely to have civil unrest due to the inability to fund their promises to the people? Answer: ALL OF THEM! Now look at the measures taken to prevent virus spread, coincidence? They know they are dead so they are using the iron fist to try to suppress it. Ford might be the worst of the bunch in Canada, but then so is Ontario's debt level. When the defaults come they'll blame someone else likely sending our children off to war, not theirs, because we were attacked from a lab.



But, after all, it is the leaders of the country who determine the policy and it is always a simple matter to drag the people along, whether it is a democracy or a fascist dictatorship or a Parliament or a Communist dictatorship.

With respect to a Democracy they argued, the people have some say in the matter through their elected representatives, and in the United States, only Congress can declare wars.

Göring replied:*“Oh, that is all well and good, but, voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.”

[jazz]

So if Canada is the next Venezuala based on the chart you posted what is the US? The next Somalia? After all when you post a US chart the current debt to gdp ratio in US is higher than Canada and projections are for the ratio to continue to climb faster than Canada's

Glad you asked that because I knew it was coming.

The US holds the reserve currency and effectively controls the CB system around the world. Their economy has a low tax burden and has lots of capacity to handle debt more than Canadas.

The two countries are nothing alike.

[dmlfarmer]

Glad you asked that because I knew it was coming.

The US holds the reserve currency and effectively controls the CB system around the world. Their economy has a low tax burden and has lots of capacity to handle debt more than Canadas.

The two countries are nothing alike.

[ATTACH]6672[/ATTACH]

Again misdirection on the part of Jazz. Your charts would mean something if every country's government offered the same services for the tax dollars collected. But they are not even close. All of those at the top of the list offer universal health care to their citizens (including Canada) out of taxes paid and it is one of the biggest government expenditures. Add in the dollars that Americans have to spend on health care premiums/copays/insurance/medical proceedure billing to the taxes they pay and then compare. Because whether the health care dollars come from the government taxes or from private, the money ultimately comes from the citizens pocket. So don't try to fool us with low taxes when the US offers fewer services for those tax dollars. Oh and it is not just health care. Come tuition fees, compare social services etc etc.

As far as being the reserve currency, total red herring. There are at least 5 recognized reserve currencies in the world including the Canadian dollar. The only thing that makes a currency a reserve currency is willingness to conduct world trade in that currency. The US dollar is not guaranteed to be the top reserve currency forever.

[dmlfarmer]

Lol that looks like Al Hores , I mean Gores hockey stick graph . Was the ice not supposed to be all gone by now ? I thought that is what he said , could be wrong .
That chart reminds me of the guaranteed Hilarious Clinton win .... sometimes projections are not nearly what some would like . Kinda like the huge crop predicted, well that went south very fast after combined got rolling in earnest .
Meanwhile back in Canada , will be an interesting next few days .
Harvest resumes for those of us that farm.
Standing canola got dry yesterday afternoon after 1.5 inch rain on Sunday .
Got harrows going again yesterday, until they broke and hopefully get some post harvest weed control done here in next 10 days with this last stretch of warm weather .
Time will tell on everything how things will turn out . Good luck out there fellow farmers .

Nice deflection furrow. For someone who complains frequently about non farming posts and climate change post I find it hilarious that you try to highjack an economic discussion with some dribble about an economic chart looking like a climate change hockey stick graph. Odd how if you can't add facts to a discussion you deflect to something you complain about other people posting.

[flea beetle]

nice deflection furrow. For someone who complains frequently about non farming posts and climate change post i find it hilarious that you try to highjack an economic discussion with some dribble about an economic chart looking like a climate change hockey stick graph. Odd how if you can't add facts to a discussion you deflect to something you complain about other people posting.

whaaaa!

[chuckChuck]

https://www.cihi.ca/en/how-does-canadas-health-spending-compare https://www.cihi.ca/en/how-does-canadas-health-spending-compare

OECD: $5,175 per person; 8.8% of GDP; 73% public/27% private
Canada: $6,448 per person; 10.7% of GDP; 70% public/30% private
United States: $13,722 per person; 16.9% of GDP; 49% public/51% private
France: $6,436 per person; 11.2% of GDP; 83% public/17% private
Germany: $7,760 per person; 11.2% of GDP; 84% public/16% private
Sweden: $7,061 per person; 11.0% of GDP; 84% public/16% private
Netherlands: $6,855 per person; 9.9% of GDP; 82% public/18% private
Australia: $6,488 per person; 9.3% of GDP; 69% public/31% private
New Zealand: $5,085 per person; 9.3% of GDP; 79% public/21% private
United Kingdom: $5,275 per person; 9.8% of GDP; 77% public/23% private


As you can see Canada spends way less on healthcare as a percentage of GDP than the US and has universal coverage while millions of Americans have no insurance, no coverage and poor health care .

The US spends 16.9% of their GDP which sends mega profits to to the thousands of insurance companies and private healthcare providers.