Inflation much?

[sledneck__11]

Everyone got tricked into thinking we needed to change,look back on life in Canada and why did we ever need to change from that? I tried telling everyone I know for over 20 years and the only person that would listen in my wife.

Your wife listens?

 

[Legend14]

Your wife listens?

A good wife is better then money in the bank, I think the old saying goes,lol

 

[S.W.A.T.]

Only way to curb inflation is to raise interest rates. People that are debt heavy right now better refocus because times are going to be tough

 

[X-it]

Build Back Better, what the hell this is happening on everything.

Wild Bidding Wars Erupt at Used-Tractor Auctions Across the U.S. - BNN Bloomberg

Records are falling left and right as inflation arrives in farm country.

www.bnnbloomberg.ca

 

[papajake]

There isn’t a woman in this country that could replace my wife i feel sorry for all the young men out there they don’t have a hope in hell of finding a real woman

 

[Mike270412]

Maybe it is all planned, but I am pretty sure it is far to compilated for our supreme leader. I am thinking his biggest decision of the day is what is for lunch? If it is planned move they are going about it the right way, take away firearms, get rid of jobs, supply drugs to the masses, make everyone reliant on the government, then make food to expensive to buy. Hell maybe it is planned! My previous statement was based on the government trying to manage a country into prosperity and not to communism. Maybe I have underestimated the genius??

Justine is just a puppet. I doubt he even decides for himself what's for lunch.

 

[X-it]

Only way to curb inflation is to raise interest rates. People that are debt heavy right now better refocus because times are going to be tough

Best way to curb inflation is quit voting for socialist that spend our country into poverty. Spending money you don't have will cause inflation and water down your dollar. But socialist will never get this, so it is just a waste of time typing it.

 

[S.W.A.T.]

Best way to curb inflation is quit voting for socialist that spend our country into poverty. Spending money you don't have will cause inflation and water down your dollar. But socialist will never get this, so it is just a waste of time typing it.

Then perhaps working class and capitalist should actually get out and vote. Voting numbers go down in every single election but yet people expect change? But oddly the complaining goes up..... hmmm

 

[Bnorth]

Interest rates have been too low for too long. Would have been nice if they had been raised proactively before inflation forced it.

 

[pommie_git]

Our government can't afford to pay their debts. They need low interest rates and they need to inflate some of their debts away.

 

[ABMax24]

You wanna know what would get the governments attention? Get businesses to start accepting Bitcoin as a method of payment.

This would scare the absolute bejesus out of the big banks and the central bank as well if it could be done in large enough volumes.

If you use a currency that the government can't control, you take away the governments ability to f@ck it up.

 

[j335]

The bank of Canada owns most of Canadian dept, not a chance this country will make 20% interest rate like the 1980’s, we would probably default at only a few % higher than current so don’t plan on double digit interest rates…. Tricky situation for sure across the world, we will see what the US does because the bank of canada just follows them anyway.

It’s getting to the point that folks will be doing a hunting season year around just to put meat on the table.

 

[j335]

Our government can't afford to pay their debts. They need low interest rates and they need to inflate some of their debts away.

Bingo

Print money, inflate real estate and suddenly dept to gdp looks all pretty

This is not a “normal” economy like the 1980’s.

 

[ABMax24]

Let's call inflation what it really is, a tax on the working class. The ultra rich certainly aren't hurting, they've all done exceptionally well in the last couple years, which is easy to do when you have enough wealth to diversify yourself into a winning position regardless of what happens with the economy.

I really wish a much higher understanding of economics was taught in school. It's absolutely frustrating when people vote for someone like Trudeau who promise help for the working class, who then enacts policies that do the exact opposite because the common person doesn't have enough understanding of economic fundamentals to smell the BS he is selling.

Trudeau is an elitist through and through, it is extremely hard to find a policy he has enacted in his term as PM that benefited the working class over himself or his elite supporters.

 

[jhurkot]

Inflation isn't real until a half ton truck costs $200K.

 

[deaner]

You wanna know what would get the governments attention? Get businesses to start accepting Bitcoin as a method of payment.

This would scare the absolute bejesus out of the big banks and the central bank as well if it could be done in large enough volumes.

If you use a currency that the government can't control, you take away the governments ability to f@ck it up.

I've tried to get on board with bitcoin but I just can't. The idea is great, but it is just one piece of legislation away from being illegal, or heavily regulated.

I like the idea behind it, but realistically what we need is governments that spend responsibly. The crypto bulls are trying to market it as the cure for inflation because it's supply can't be increased; true in a sense, but responsibly increasing money supply isn't a bad thing at all. Economy's grow so the money supply has to grow along with it. The highly speculative nature of crypto makes it much too volatile to be considered a legitimate currency. Economy's need stability which I'm afraid an ever growing number of unregulated crypto currencies are never going to provide.

Now I'm not saying there isnt money to be made in crypto. There's probably much more to be made, but ultimately as a value investor it just isn't there for me. I think it's a bad solution to a very real problem.

 

[jhurkot]

I've tried to get on board with bitcoin but I just can't. The idea is great, but it is just one piece of legislation away from being illegal, or heavily regulated.

I like the idea behind it, but realistically what we need is governments that spend responsibly. The crypto bulls are trying to market it as the cure for inflation because it's supply can't be increased; true in a sense, but responsibly increasing money supply isn't a bad thing at all. Economy's grow so the money supply has to grow along with it. The highly speculative nature of crypto makes it much too volatile to be considered a legitimate currency. Economy's need stability which I'm afraid an ever growing number of unregulated crypto currencies are never going to provide.

Now I'm not saying there isnt money to be made in crypto. There's probably much more to be made, but ultimately as a value investor it just isn't there for me. I think it's a bad solution to a very real problem.

Bitcoin can never be illegal because it’s math.

 

[lilduke]

Its funny all the people messaging me about bitcoin now that it is 75,000$ cad


When it was 5000$ no one gave a ch!t lol

 

[deaner]

Bitcoin can never be illegal because it’s math.

They can't stop you from owning it, but they could make it difficult to use. That would be enough. And if it becomes any kind of a real threat to fiat currency, they will

 

[lilduke]

Some countries are taking it as legal tender already.

When Cad currency is worth less than nothing, ill be glad i didnt keep all my $ in fiat!