Inflation is here not Deflation.

[canolacrazy]

Real interest rates (inflation-interest rates) are negative now and have been for some time. why would you not spend if it is just going to get eaten away in a savings account. i don't think we've seen anything yet. real interest rates, i would predict, will probably be in the negative 10% range over the next year. the can that central banks have kicked down the road is nothing but the size of a nickel now. with biden and trudeau, this circus can run for a while yet, but my gut says it all comes crashing down sooner rather than later. we'll see.

[SASKFARMER]

The next election is three years away in another they will start working on that in the USA. Could be interesting at that time.

[flea beetle]

As Errol has been preaching, cash will be king once the shit hits the fan. Timing it has been a hard thing to do since governments and central banks have thrown everything but the kitchen sink at this thing. But the day will come. And I think it will be within the next 3-5 years.

[foragefarmer]

As Errol has been preaching, cash will be king once the shit hits the fan. Timing it has been a hard thing to do since governments and central banks have thrown everything but the kitchen sink at this thing. But the day will come. And I think it will be within the next 3-5 years.

Hate to say it but if you've been listing to Errol since the crash of 2008-09 you have miss out on the greatest bull run in the stock market history. Not to mention what farmland and the housing markets have done.

What's even sadder is the money you've been sitting on, has lost the majority of it's buying power.

Of coarse there will be a correction of some kind, that's a given but if your trying to time the market or the reset or restart so many talk about on here you couldn't be making a bigger mistake.

Errol uses all the fancy words and writes a great story but that's where it ends . Twelve yeas of doom and gloom is all he has posted on Agriville.

[flea beetle]

Like I said, he is right, but it is hard to time it.

Have been hoarding commodities and selling to pay bills. Extra money has been put into the stock market until I see the foundation starting to crumble. Has worked well for me so far.

[foragefarmer]

Like I said, he is right, but it is hard to time it.

Have been hoarding commodities and selling to pay bills. Extra money has been put into the stock market until I see the foundation starting to crumble. Has worked well for me so far.

What is Errol right about? Is it the phrase "Cash is King"? That's as old as the hills and used by many many more before Errol.

"Hoarding Commodities", hopefully you incorporated your farm like you were talking about several months ago, other wise you'll be contributing a lot to the purchasing of all those Covid vaccines going into Canadians arms.

[SASKFARMER]

Forage I think your off the mark on Incorporating. Yes, we all went that route but let's look at this from a liberal mindset. They will win again so here is my take.

Every farmer and small business set up corporations.

skippy knows who has cash and who doesn't and who votes for him and who doesn't.

Nail the farmer and small business just enough so they don't hang themselves.

Give to the voters in Toronto and Montreal.

What are we going to do he will have a mandate.

I think the set up of Corporations by most small businesses and farms was planned not for our well-being but the government.

Just looking at this whole big mess from a voter standpoint. Skippy wants to keep the crown.

[Hamloc]

How long will it take before the rapid pace of price increases reduce consumption? Talking to one salesman, grain augers went up 8% on Jan. 1, the most recent cost from suppliers they are up another 9%. My neighbours daughter is building a house this summer, lumber yards price won’t last for 2 weeks, basically only quote for today. Son in law is a machinist, price of steel and other metals going crazy he said last night. I bought some hydraulic oil yesterday at UFA. The Shell S4 tmx was $68 for a pail, Chevron thf 1000 which I usually use was $131. Same spec, makes no sense. My door on my Versatile tractor shattered a couple weeks ago, all we did was shut the door. Phoned the dealer to order one, he figured 10 business days. Phones back 4 days later said he couldn’t get one until June!!! I said wtf! Started phoning Versatile dealers in Alberta, I found one 3 1/2 hours away and I hopped in the truck and went and got it. Crazy world right now.

[farming101]

Not sure how long these high commodity prices will last but it could be the 80's all over again in the next stage.
Lay in more welding rods every time there's a sale....and don't sell all your scrap metal

[Hamloc]

I bought a Case in combine at a sale this spring. I have been fixing a few odds and ends on it. It had a few bent teeth on the auger of the pick up header. So I bought 4 yesterday, they were $55 a piece, my eye’s almost popped out of my head, seems a bit rich!!!

[foragefarmer]

Forage I think your off the mark on Incorporating. Yes, we all went that route but let's look at this from a liberal mindset. They will win again so here is my take.

Every farmer and small business set up corporations.

skippy knows who has cash and who doesn't and who votes for him and who doesn't.

Nail the farmer and small business just enough so they don't hang themselves.

Give to the voters in Toronto and Montreal.

What are we going to do he will have a mandate.

I think the set up of Corporations by most small businesses and farms was planned not for our well-being but the government.

Just looking at this whole big mess from a voter standpoint. Skippy wants to keep the crown.

I incorporated several years ago on the advise of my accountant to say tax dollars.

Will this government reduce the capital gains exemption, increase the tax on investment income or just increase the federal tax on corporation, tough for them to go after the backbone of Canada, but all cards are on the table.

My thoughts are if they were to go reduce or eliminate the capital gain exemption on corporations they would also have to tax individuals on the capital gains they have made on their personal home sale.

When the Liberals floated the idea a couple years of going after corporate investment income, they were bombard with emails, texts, and phone calls from white collar corporations (doctor and lawyer). The Liberals back peddled very quickly on that idea.

With the Covid produced deficit, who knows.

[flea beetle]

Who says you have to sell it all? Maybe we will have a poor year one of these years and the bins will empty out. The taxes will balance themselves!