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Best Canadian Blog
2004 - 2007
Why this blog?
Until this moment I have been forced to listen while media and politicians alike have told me "what Canadians think". In all that time they never once asked.
This is just the voice of an ordinary Canadian yelling back at the radio -
"You don't speak for me."
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The Pence Principle
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Meanwhile, back at the Sky Palace. . .
Its Probably Notling
Better not take a look at auto and student loan charts… http://davidstockmanscontracorner.com/chart-of-the-day-31-of-auto-trade-ins-are-now-underwater/
Rising total debt and falling debt service ratio at the same time means only one thing. When interest rates go up, turn all the fans off.
Same old scam.
Loan the marks more than they can ever repay.
Then jack up the cost of borrowing and rape the now over extended “customer” of their real assets.
Best form of theft ever invented.
Use an imaginary “good” to gain real things.
Same banks, came to the prairie farmers just before the 1929 crash.
Same spiel, with our “cheap” money you can be so much richer, with our help you can buy better equipment and make more money ,selling more grain.
Banks wound up owning so many farms, that the bank collapsed.
Human affairs seem to go in cycles, peak stupid is upon us.
Savers and investors are about to get terminal help from our kleptocracy.
Zimbabwe Mon.
At least our progressive socialist comrades are consistent, we seek equality in abject poverty.
Enslaved by debt we never sanctioned.
But you can bet the one contract government will never violate, is the retirement deals they granted themselves.
We owe them for their “service”.
Indeed we do.
Not to worry .. because president Sanders will renew Obama’s “cash for clunkers” … “cash for repos” … and have the taxpayers underwrite the negative paper. Bernie will then donate all these cars to the Syrian refugees … problem solved ! It’s an “investment” in America’s “infrastructure” …
Sanders will also let in more illegals who he will turn into US citizen, who will almost all go on welfare.
Leftists are really good with other people’s money.
actually, the “refugees” could put the Chinese fireworks factories out of business!!!
I look forward to the day I have to bring my bomb-sniffing dog with me to buy milk at the local Safeway. Thanks Obama ! Yeah, yeah … they’re not “true” Muzslems … they just SAY they are …
The problem is how the currency of exchange is created. It can only be borrowed into existence at interest. I don’t profess to have the wisdom of Solomon but unless we fish in the sea notice the fact that our entire environment is owned by private bankers through their money creation Ponzi scheme we are truly screwed. It isn’t all bad and provides many subjective benefits, but so does cocaine.
It’s natural for debt levels be higher when interest rates are lower; common sense at work, now a superpower.
That does not mean there’s no or less risk in more borrowing; something Justin will never get, instead spending tomorrow’s dollars today.
The problem is with marginal productivity reduced by aging boomers and anti-growth governments, inflation can no longer be held in check.
Then interest rates rise, cascading through the economy. In Canada mortgage debt not so bad, but casualties would result amongst the overextended.
Consumption and government debt will cause serious damage, slowing down spending as interest and debt service costs take off.
Shrinking growth going forward is the enemy of that, precisely when spendthrift governments are forced to raise taxes in the face of shrinking revenues and skyrocketing pension, medical, with even greater debt service costs thrown in; precisely the wrong time to increase borrowing.
As public pension and medical cost become unsustainable, there will no doubt be private casualties.
Statists then double down on their failure, with Venezuelan velocity. One or two more Dem terms in US will confirm that.
Remember Harper appointed Duffy, that’s what’s really important. He had to go so it was OK to mislead the voters. Statist SOP.
Let’s legalize, control and tax marijuana. Sure, that’ll work. Justin and bunch will easily turn all that into a money loser.
Prosperity goes, then freedom, followed by austerity, and coercion. Weed’s legal, but unaffordable. If you take their booze too, expect revolution.
Statists keep doubling down until there is nothing left but a basket case for the IMF. It’s the fault of capitalism so it must be destroyed, along with us.
Hillary tactically moves Dems to left, sure GOP won’t go there. Donald is wily; he recognizes the neo-SJWs have ditched the poorest and most vulnerable.
Using his populism, he could capture that constituency, gaining respect from the great unwashed, both groups so now abhorred and disrespected by the intelligentsia and their rent seeking cronies in the establishment.
Calling Donald stupid or racist, and thus millions of voters the same, is not a good gig nowadays. Wagging fingers and shouting down will probably fail.
On that note, expect an attempted bloodbath by the violent do-gooders who defy their moderate elements. Face covered rock hurlers don’t stoke voter imagination as less malevolent or misguided but more sincere Vietnam protesters did. Then again morons can argue Trump sent them because, oh my God, he once campaigned for Nixon.
Donald fights dirty; way dirtier than progs. Didn’t idiot Glen Beck say someone should kill him? With friends like that who needs enemies?
If, God forbid, the US receives a bad attack, &/or if Hillary gets roasted good by FBI – it’s Trump’s to lose. She must be freaking out right now.
Then again she and her ilk think they are more intelligent and sophisticated than their law enforcement foes, so likely she’s quite sure she has political cover. How she thinks she can run her obfuscation right up to November is quite intriguing, with the cunning swashbuckling Clintons on full display.