Canada Is Dying

[chuckChuck]

There are/were multiple causes of inflation and Pierre is an idiot when he says it was the carbon tax!

The US has no carbon tax and they suffered the same inflation or worse than Canada. Inflation happened all around the world regardless of tax policy.

After covid restrictions started to be pulled back, economies started to rebound and demand for energy and commodities increased. Rising energy prices because of supply and demand caused a lot of inflation. The carbon tax was a relatively small contributor.

The war and subsequent disruptions caused a much bigger run up than would have otherwise happened.

[furrowtickler]

I agree except Putin invading at the same time as a drought caused the bigger spike than usual in commodities.Yet Polly got up and said the carbon tax is the cause.So either Polly is wrong or Trudeau can take credit for farmers spike in net worth.

Yup the Russian invasion did have a short term spike as well . But longer term Putin dumping wheat into the world market has been the main reason for the huge drop in wheat prices . So net result was huge negative for grain markets .
Absolutely without a doubt carbon tax is causing inflation to be exaggerated.
Trudeau is the biggest donkey in Canadian political history.

[chuckChuck]

And the other big Donkey thought Crypto currency would solve inflation! LOL

[jazz]

And the other big Donkey thought Crypto currency would solve inflation! LOL

Did you get some econ 101 in your life chuck. Inflation is a monetary phenomenon. Always. It comes from money printing and allocating capital to non productive areas, like taking carbon tax off ag and O&G and giving it to toronto soccer moms and covid hypochondriacs for votes.

Had Trudeaus $1T debt binge been funneled into all our primary industries (not fake EV plants), Canadas GDP would be 5% right now. Instead, we are heading to a deep recession.

[newguy]

[QUOTE=furrowtickler;567734]Yup the Russian invasion did have a short term spike as well . But longer term Putin dumping wheat into the world market has been the main reason for the huge drop in wheat prices . So net result was huge negative for grain markets .
Absolutely without a doubt carbon tax is causing inflation to be exaggerated.
Trudeau is the biggest donkey in Canadian political history.[/QUOTE Not a huge fan of Trudeau either but he understands our economy .polly wanted to fire the head of Bank of Canada and invest in crypto currency.yet our banking system right now is the envy of the world.Farmers know Polly is wrong but wil give him a hall pass like they will when Moe hits the corporate farmers in extra taxes like never before.Just did a bit of reno.Moe got another thousand bucks pst in Moe tax..Think he had a big part in inflation also.

[chuckChuck]

Did you get some econ 101 in your life chuck. Inflation is a monetary phenomenon. Always. It comes from money printing and allocating capital to non productive areas, like taking carbon tax off ag and O&G and giving it to toronto soccer moms and covid hypochondriacs for votes.

Had Trudeaus $1T debt binge been funneled into all our primary industries (not fake EV plants), Canadas GDP would be 5% right now. Instead, we are heading to a deep recession.

Only a monetary phenomenon? LOL You need the Econ 101 lesson.

It also comes from too much demand and too little supply.

[furrowtickler]

[QUOTE=newguy;567742]

Yup the Russian invasion did have a short term spike as well . But longer term Putin dumping wheat into the world market has been the main reason for the huge drop in wheat prices . So net result was huge negative for grain markets .
Absolutely without a doubt carbon tax is causing inflation to be exaggerated.
Trudeau is the biggest donkey in Canadian political history.[/QUOTE Not a huge fan of Trudeau either but he understands our economy .polly wanted to fire the head of Bank of Canada and invest in crypto currency.yet our banking system right now is the envy of the world.Farmers know Polly is wrong but wil give him a hall pass like they will when Moe hits the corporate farmers in extra taxes like never before.Just did a bit of reno.Moe got another thousand bucks pst in Moe tax..Think he had a big part in inflation also.

Ya Moe tax is no different than carbon tax , both are causing big part of inflation.
And no Trudeau has absolutely zero clue about the economy, he is the biggest silver spoon fed , narcissistic leader in history that has zero clue on how to manage money . He booted the only liberal who challenged his spending habits , that’s telling right there

[newguy]

[QUOTE=furrowtickler;567761]

Ya Moe tax is no different than carbon tax , both are causing big part of inflation.
And no Trudeau has absolutely zero clue about the economy, he is the biggest silver spoon fed , narcissistic leader in history that has zero clue on how to manage money . He booted the only liberal who challenged his spending habits , that’s telling right there

when it comes to economy policies Trudeau may be playing a poor game of chess But Polly is just learning how to play checkers.

[LWeber]

But longer term Putin dumping wheat into the world market has been the main reason for the huge drop in wheat prices .

UKR wheat has been banned in some EU countries as they are selling it at 190 to 225 USD/FOB Black Sea...wheat has fallen below COP in many countries who are subsidizing the war and their farmers are pissed.

Russian wheat is trading $230-242 USD fob

Both are milling wheat..12.5% pro.

Not advocating at all for Putin...but the numbers and actions say different as to who is dumping

[furrowtickler]

UKR wheat has been banned in some EU countries as they are selling it at 190 to 225 USD/FOB Black Sea...wheat has fallen below COP in many countries who are subsidizing the war and their farmers are pissed.

Russian wheat is trading $230-242 USD fob

Both are milling wheat..12.5% pro.

Not advocating at all for Putin...but the numbers and actions say different as to who is dumping

Thanks for the clarification Larry