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227
Joined
1 mo. ago

  • The government took on debt the same as households, using low interest rates to lever themselves up. Now that rates are rising due to aging demographics we are forced to look at our debt burden.

    This is why what Trudeau Sr did was stupid, and why what Trudeau Jr did was stupid, all that spending is future austerity. The only way its not is if you debase the currency further using QE, and you shift those bonds to the FX market via a depreciated currency, which ends up in even higher interest rates.

  • The government in the 90s wasn't saying housing prices couldnt fall, which is the big difference I see. Now we have embraced the house of cards ponzi scheme built on cheap debt, we may as well start a Bitcoin reserve next.

  • Canada has campaign finance laws put in by Harper that prevent corporations from dumping millions into donations. Unless you meant a revolving door, that I can agree with; though we just voted for a Brookfield lobbyist so there is that.

  • Maybe the NDP should stop being so foolish then. The party literally does nothing for the poor, we have a world class housing bubble and its Pierre thats beat the drum for years, then people wonder why the NDP is irrelevant as they continue to support mass immigration into a housing shortage.

  • Also remember that billionaires arent the ones bailing themselves out with billions in newly minted dollars, in the end they are at the whims of the people you elect.

    When even the new housing minister says something as fundamental as housing prices shouldnt fall you know you've messed up, if your goal is to help the poor.

  • -We printed nearly 50% more money supply within the span of a few years.

    -They did mass immigration in order to depress wage pressure caused by the phillips curve.

    -People are now poorer overall, we have a shortage of housing and doctors, and as the Bank of Canada was raising rates to cool the job market we now have extreme levels of youth unemployment and we arent even in a recession yet.

  • I switched my company over to Bitwarden because it was open source, any the code could be vetted. I'd definitely be dropping it if they ever started making things proprietary.

    We got burned by Lastpass and it was an easy sell.