The Covid money printer slowly ends, now we pay.

[Bingo Fuel]

Yeah it will be tricky to reduce inflation! Obviously Canada is a small piece of the pie and the global problem is not all on JT. Collectively the global money printer is responsible. China, Biden, JT they are all responsible.

Man. Justinflation must be pretty powerful if it makes all those other countries print money.

Apparently borrowing some pages from Viktor Orbán's playbook is the answer. CPAC seemed to think so. Let's turn ourselves into Hungary to own the libs.

[rookiepilot]

I’d be careful espousing your economic expertise, reading your comments on inflation.

So lets hear your expertise...

Hey.

You volunteered that house prices don't affect inflation for people. It's called Rent.

You can look it up.

[CpnCrunch]

I’d be careful espousing your economic expertise, reading your comments on inflation.

So lets hear your expertise...

Hey.

You volunteered that house prices don't affect inflation for people. It's called Rent.

You can look it up.

Yes, indeed. I meant that inflation didn't cause high house prices as op implied. It affects inflation to a certain amount although isn't the main factor at work causing the current sky high inflation. House prices are starting to drop .

[rookiepilot]

So lets hear your expertise...

Hey.

You volunteered that house prices don't affect inflation for people. It's called Rent.

You can look it up.

Yes, indeed. I meant that inflation didn't cause high house prices as op implied. It affects inflation to a certain amount although isn't the main factor at work causing the current sky high inflation. House prices are starting to drop .

Money printing certainly affects housing prices which moves rents which moves inflation.

Money printing is nothing more than effective negative interest rates.

It's a long running policy choice of the US, EU and Japan, but interest rates and housing are worldwide markets. Anything Canada does is a zit by comparison.

Zoning reform is badly needed.

[WANP]

How does a government over printing money, home prices rising, skyrocketing rent, outrageous food prices, gas prices jumping up, and more, NOT affect inflation? Filling the diesel tank here on the farm costs double what it did 2 years ago. Tractor tires cost 80% more than in 2019, seed costs are double, parts for repairs are up 60%, building supplies have more than doubled.

[rookiepilot]

How does a government over printing money, home prices rising, skyrocketing rent, outrageous food prices, gas prices jumping up, and more, NOT affect inflation? Filling the diesel tank here on the farm costs double what it did 2 years ago. Tractor tires cost 80% more than in 2019, seed costs are double, parts for repairs are up 60%, building supplies have more than doubled.

Ask Crunch.

[WellThatAgedWell]

How does a government over printing money, home prices rising, skyrocketing rent, outrageous food prices, gas prices jumping up, and more, NOT affect inflation? Filling the diesel tank here on the farm costs double what it did 2 years ago. Tractor tires cost 80% more than in 2019, seed costs are double, parts for repairs are up 60%, building supplies have more than doubled.

This is why prices aren’t likely to come down any time soon. It took a couple years for inflation to spool up full tilt, it will be at least two years to see an price relief. Best case prices just freeze where they are and we get some stability. Even if the product your produce gets some relief in expense, transportation costs are up, equipment repairs are up, there’s enough expenses creeping up all around that this is not transitional. The way you put it makes it so clear how from farm to table will cost more for the foreseeable future.

Time to demand more pay from your employers unless you are ok with eating into easily 10 percent of what you used to make.

[WANP]

How does a government over printing money, home prices rising, skyrocketing rent, outrageous food prices, gas prices jumping up, and more, NOT affect inflation? Filling the diesel tank here on the farm costs double what it did 2 years ago. Tractor tires cost 80% more than in 2019, seed costs are double, parts for repairs are up 60%, building supplies have more than doubled.

Ask Crunch.

Crunch seems to be out of touch with reality.

[CpnCrunch]

Crunch seems to be out of touch with reality.

Says the person who thinks that the price of tractor tires and diesel has something to do with Canadian government spending.

[WellThatAgedWell]

https://liberal.ca/trudeau-promises-aff ... canadians/

I can only shake my head that JT was re elected. What has he done to make housing affordable to Canadians?

“Safe, adequate, and affordable housing is essential to building strong families, strong communities, and a strong economy,” said Mr. Trudeau. “We have a plan to make housing more affordable for those who need it most – seniors, persons with disabilities, lower-income families, and Canadians working hard to join the middle class.”

JT makes life way worse for these people and does the exact opposite. Maybe the big secret is that it’s the home owners who vote for JT because they love that he drives the divide and makes their property values boom.

[rookiepilot]

https://liberal.ca/trudeau-promises-aff ... canadians/

I can only shake my head that JT was re elected. What has he done to make housing affordable to Canadians?

“Safe, adequate, and affordable housing is essential to building strong families, strong communities, and a strong economy,” said Mr. Trudeau. “We have a plan to make housing more affordable for those who need it most – seniors, persons with disabilities, lower-income families, and Canadians working hard to join the middle class.”

JT makes life way worse for these people and does the exact opposite. Maybe the big secret is that it’s the home owners who vote for JT because they love that he drives the divide and makes their property values boom.

Lotta those voters here.

Those that don’t think housing costs are in any way related to inflation.

I'm still waiting to hear exactly how that works.

[rookiepilot]

From my chair.

Things are not improving. At all.

[Inverted2]

This picture pretty much sums it all up.

[Old fella]

Guess ole Pierre aka skippy will ride in on his crypto horse and save the hordes from the utter madness, first casualty will be The Governor. Guess we had best fall in there……..

[Bingo Fuel]

Why would Skippy hurt his own investment?

https://www.ctvnews.ca/politics/poiliev ... -1.5870382

[Inverted2]

He has every right to own an investment/rental property just like any of us do.

[WellThatAgedWell]

He has every right to own an investment/rental property just like any of us do.

I do find this a little suspect,

PP’s net worth is estimated at 9 mil. But he is a career politician. How did he gain this wealth?

https://susankatzkeating.com/pierre-poi ... ge-height/

How Did Pierre Poilievre Become Rich? Poilievre started out in policy work and public relations. He started out by working in communications department for Magna international. During this time, he also did some policy work for Jason Kennedy. Poilievre has always been interested in political debates and public speaking. His interest in politics and public speaking propelled him to wealth and brought him closer to the political class. He became rich in 2004 when he officially joined politics by contesting Nepean—Carleton seat and winning. Since then he has won the 2006, 2008 and 2011 elections. At this time he was also the parliamentary secretary. Poilievre has worked in politics all his life and this is how he has made his wealth. In his political career he has been involved in different positions such as a member of parliament and also a cabinet minister. He has also been involved in constitutional amendments and also taken part in different charity drives.

He became rich by becoming an MP and doing public speaking? Yeah, right. I thought MPs had modest incomes. Let’s say he was making 200k a year since he was 20. Even with a stellar investment strategy, getting to 9 million net worth by 42 makes me wonder. Must have been getting into bitcoin early on! Good for him anyways. Just strange how all these public servants are all wealthy, when their salaries are good but not much higher than average.

[rookiepilot]

Where is that fool who made fun of me when i first raised the inflation issue?

Funny how the trolls disappear.

I warned. Really tried.

The bodies haven’t BEGUN to float to the surface yet.

Just waif. Gonna get fun.

[WellThatAgedWell]

Where is that fool who made fun of me when i first raised the inflation issue?

Funny how the trolls disappear.

I warned. Really tried.

The bodies haven’t BEGUN to float to the surface yet.

Just waif. Gonna get fun.

I found her…

We are headed for new market lows next month. Housing crash inbound with all those variable rate mortgages?

45A34F29-FB4C-4157-A669-C09849EBDDC7.jpeg (75.79 KiB) Viewed 2372 times

[Bede]

I don’t see what was wrong about my post. JT printed money and spent billions, Fact. BOC dropped rates in 2020, Fact. The biggest beneficiary of these policies was those who own assets, Fact.

Bank of Canada is independent from the government, and current inflation has zero to do with the "printed money".

I'm with Rookiepilot & Agedwell on this one. This is economics 101 and Rookie called it. It should have been obvious to everyone but voters were just too happy with the short term spigot.

When you have more of something (in this case money), it becomes less valuable. Central Bank prints the money and the government spends it. Why wouldn't it become less valuable?

It reminds me of someone in grade 5 who asked, "why can't they just make more money and give it to us and we'll all be rich?" Well, now we know.

[CpnCrunch]

I don’t see what was wrong about my post. JT printed money and spent billions, Fact. BOC dropped rates in 2020, Fact. The biggest beneficiary of these policies was those who own assets, Fact.

Bank of Canada is independent from the government, and current inflation has zero to do with the "printed money".

I'm with Rookiepilot & Agedwell on this one. This is economics 101 and Rookie called it. It should have been obvious to everyone but voters were just too happy with the short term spigot.

When you have more of something (in this case money), it becomes less valuable. Central Bank prints the money and the government spends it. Why wouldn't it become less valuable?

It reminds me of someone in grade 5 who asked, "why can't they just make more money and give it to us and we'll all be rich?" Well, now we know.

That is wage inflation, but the main driver right now are resource prices. That leads to price inflation and wages, but wages arent the main driver here.

[WellThatAgedWell]

I would like to know how many lives were saved with these policies that are now destroying those who are close to the poverty line.

The biggest losers in this are the asset poor class. Those with no home, low income. Lots of them were also people who never qualified for CERB. They were the grocery store workers etc. lots of the people never saw an extra penny, but now they are in the hook for groceries that stretch them to the brink. Literally have to make tough choices on what to eat, to try and get by.

Meanwhile policy makers, government workers etc all laughing through this. Teachers never lost pay. Nurses had it rough, but also made bank. Politicians of course all big beneficiaries of their policies. Doug ford grew his sticker biz with all those keep 6 ft away stickers the asset rich people are paying more but they also made more and come out ahead.

Covid was a way to punish the poor and let the asset rich class get richer. Why did this happen? Because people gave up their freedoms and let the asset rich get away with this. They said they were doing it to save lives, but no one can seem to show how many lives are being saved every time you mask up to be on a plane. All a bunch of BS disruption. I’m very surprised the people who vote left wing parties go along with this. What do these politicians do for you besides take your money and make your life worse.

Now Canada is spending millions of dollars on Ukraine. Why? This is not our war. Why are we broke and spending our money there? Why aren’t we taking car of Canadians?

[photofly]

Covid was a way to punish the poor and let the asset rich class get richer.

Designed by the Chinese, too?

[RRJetPilot]

100%

https://twitter.com/TPostMillennial/sta ... 7xyEtuaSrQ

[Inverted2]

Covid was a way to punish the poor and let the asset rich class get richer.

Designed by the Chinese, too?

Definitely 100% done by the Chinese communists. Destabilize the west.