DEFLATION: Comin-in strong

[biglentil]

There was a period in the 30's when the fed dried up credit that the dollar actually gained purchasing power, but since 1900 the dollar has lost 98% of its purchasing power. World wars are particularly high inflationary periods. When I say inflation I mean adding dollars to the money supply just like adding air to a balloon. The only deflationary thing Biden has done is shoot down a balloon.

[jazz]

Errol, disinflation can not take hold until the money supply is reduced. Do you see any govts doing that.

For every dollar the fed might tighten in the money supply, govts are adding 2 more.

Until a rekoning on our debt levels happens, nothing will change. Everyone is getting 2nd jobs to pay for inflation. US NFP were 4 times higher than estimates.

Look at this stunned idiot, now after Trudeau gave every dollar to pet causes including stupid Ukraine, the kitty is almost empty in Canada and no economic growth to pay for it. I told you all before, Canada is heading for a debt downgrade and 60ish cent loon. If you have anything you need to buy from the US better do it now.

GD canadians are a stupid bunch.

[TASFarms]

Errol, disinflation can not take hold until the money supply is reduced. Do you see any govts doing that.

For every dollar the fed might tighten in the money supply, govts are adding 2 more.

Until a rekoning on our debt levels happens, nothing will change. Everyone is getting 2nd jobs to pay for inflation. US NFP were 4 times higher than estimates.

Look at this stunned idiot, now after Trudeau gave every dollar to pet causes including stupid Ukraine, the kitty is almost empty in Canada and no economic growth to pay for it. I told you all before, Canada is heading for a debt downgrade and 60ish cent loon. If you have anything you need to buy from the US better do it now.

GD canadians are a stupid bunch.

[ATTACH]11939[/ATTACH]

What she is means “I don’t have money for provincial programs, I don’t care about Canadians, screw the poor and middle class. I want to spend as much tax payer money I can my hands on by throwing it out the window to my friends so they can launder it and in turn they can give some back.

[Old Cowzilla]

Selling that clean natural gas would have been a great cash cow plus put our $ par with U.S.A. Think of the buying power we would have buying high quality steel from Germany and Japan instead of lower quality steel from China. Wonder if so much damage has been done if we will able to recover even when change of government happens. Not a lot of love for Canada now on the world stage.

[jazz]

Before retard Trudeau came in, the sands had a plan to go to 8-10M bbls a day production by 2025. Had that happened, we would be making $500B a yr off oil.

But instead, according to Trudeau we are going to be a rocking economy by bringing in 500k new immigrants and getting them to work take out windows and drive for uber.

Canadas federal pmts on the debt is now $70B a year. Add in the provincial debts and this country is paying $200B in interest on the debt alone.

Absolute insanity.

[shtferbrains]

" A few years prior to 2017, it appeared that British Columbia would enter an LNG boom. Twenty-two LNG proposals aimed for the coast were to move fuel from the methane-rich Montney Basin in northeastern BC to Asia. Sightline reports that the provincial government fueled the LNG boom by granting permits, cheap power, and tax breaks. The provincial government promised it would deposit tax revenues from LNG projects in a “prosperity fund” that could reduce other taxes or eliminate debt."

Nothing happens in this country even when large multinational companies that are capable and experienced at making multi billion dollar projects happen.

But we are suppose to believe that we are going to transform the whole economy to net zero by 2050 with penny stock outfits like PMJT was pumping last week in Saskatoon?

How long till the world wakes up to this farce?

[blackpowder]

The major investors of the world have placed Canada in a certain category for two decades or more.
The majority of Canadians oblivious.
What happened to your neighbor's farm when it was given to the son who never worked for it?

[biglentil]

[rumrocks]

https://cms.zerohedge.com/s3/files/inline-images/2023-02-06_05-25-12.jpg?itok=zCG5gq_L

I would like to see Canada's numbers since this government started borrowing.

[bucket]

Where do they measure or benchmark deflation from?

Pre pandemic or after the increases.

A halfton or 3/4 ton was quite a bit cheaper than today. If it deflates 6 percent off todays price , it still way more expensive than pre-pandemic.

Bought a new halfton in 2016 for under 40k. To replace that halfton with the same options would be well into the 70s. Maybe more.

If it deflates enough to look at a new one , it is still too expensive for new fenders.