Temporarily Unexpected

15 Replies to “Temporarily Unexpected”

1. The US economy has the size and the power to drive inflation world wide. The entire global economy will suffer from a huge inflationary cycle.

   Expect it. Plan for it. You know that the George Soros’ of the world are planning on it.

2. I notice that Little Canader is 16th on the list of inflation among developed nations. Every day on social media the CPC and their “proud” shills are blaming Trudeau for our inflation rate and implying that THEY would do a better job, but the facts get in the way of their narrative.

   In this age of bullshitters, no one speaks the truth any more, just their version of it.

   1. The question then is: has Pew reviewed its own data or trusted what it received from StatsCan?

      1. They are probably using the same stats the CPC uses when attacking Trudeau and claiming they would do a better job of controlling it.

      2. The problem? The Pew Chart is only looking at OECD Nations.

         Please note that inflation is DOWN in Venezuela in October 2021. Down to 1,575.3% inflation. https://tradingeconomics.com/venezuela/inflation-cpi

         Why is that relevant? Because the USA is embracing ALL the same policies as Venezuela. Not so much those of OECD Nations.

         1. DM
            When you’re already at 1,000% inflation, any change will appear insignificant. The graph shows the change in the rate as opposed to actual rate.

            Kanuckistan’s change may appear insignificant on that graphic but under your Dear Leader actual inflation has still gotten worse. To slow it down, stop printing more non-existent “money” for handing out to the brain dead sheeple.

   2. I feel sorry for you Don with your simple mind, but in a way it is probably beneficial for you not being able to comprehend reality

3. When you monetize your debt, it is just a matter of “when” not “if” inflation results. The war on reliable energy also helps when 60% of all manufactured goods are petroleum based, nitrogen fertilizer being just one with major consequences for food production supply. Covid shutdowns and resulting supply disruptions also helps. Bankrupt governments don’t like the alternatives and they then pretend that they didn’t cause the problem.

4. The position here is that the inflation is deliberately caused by the governments that are scared to hell of raising actual taxes.
   Inflation is the help they need.
   The merry-go-round of raising prices and then in turn wages, means more taxes collected.
   Nobody to blame for paying more taxes for the increases. The politicians are home free and the “scientific economists” will supply the rhetoric to play it into the out.

   1. Well, the big social spending bill ($1.75 trillion or $2 trillion depending on who you talk to) that passed the House last week is packed with tax increases although, interestingly, as the bill is currently written quite a few of the “rich” will see tax rate cuts. (Oh, but don’t worry, they’ll still run ads calling the GOP beholden to the rich.) If they are able to get it through the Senate with changes to make Sinema and Manchin happy enough and House Democrats hold together and take what the Senate sends them, inflation’s pace will accelerate.

5. Cdn $ trending down from $0.80 > $0.78
   That’s inflation.
   Just raise the bank rate, says the retiree with no debt.

6. Our leaders’ plan for dealing with their huge debts is simple. If their creditors aren’t able or willing to overthrow and kill them, they won’t try very hard to make them whole.

   Beijing will be made whole at all costs. If that means Grandma ends her days begging for food, too bad for Grandma.

   1. I hear that if you are starving, Strongheart canned dog food is a good stand-in for filet mignon!

      1. They shoot horses don’t they?

7. Building Back Banana Republic.