This podcast discusses the current exponential rise in debt and how inflation is not a solution, but rather a sign of terminal economic decline. It’s really the financial equivalent of Stage 4 cancer.
But actually, hyperinflation is going to be at the very end. It’s total collapse. It’s collapse of civilization. When people can’t buy food and energy.
For those who don’t have time to listen to the podcast, the interview is conveniently transcribed.
It’s all part of the Great Reset.
These guys are gold bugs… they’ve been pushing doom and gloom my entire life. Oh it’s going to be TOTAL COLLAPSE! Gold will SAVE us all!
Well continue on with CBC and Dr. FeelGood Trudeau etc. Canada’s debt is nothing. It is only 6plus Trillion now. Almost equal to all of the Government Debt of the whole EU. But with only 18M taxpayers. It should all be good.
You CAN eat gold … but chocolate cake is more satisfying
Buy lead.
Amen, a far more useful metal for what is coming.
You CAN turn lead into gold
And food and……
And into more gang territory …
Canada will become Argentina.
Not so bad really. I’ve been there.
The goal is to avoid becoming Venezuela.
I think Venezuela is much warmer tho. When you have to go steal the neighbors cat or dog or dumpster diving at -30 it add’s a little more local flavor.
“It’s not so bad there.”
They just default on their debt every 15 years. No problem. Interest rates there are 4-5 times those in the OECD. Good luck buying a house or vehicle.
People have houses and vehicles in Argentina.
People have houses in Zimbabwe.
Houses they cannot leave … for security reasons.
When most of the country is poor and starving … they drop in to nick whatever you’ve got.
“The budget wiww bawanthe itthelf.” Any other earth-shattering prognistications, m’sieur?
“This species has amused itself to death.”
Roger Waters, 1992
The trillion dollar national debt will not be a problem anymore when a loaf of bread costs a trillion dollars. They passed that milestone some time ago in Zimbabwe I believe. A 100 trillion Zimbabwe note was printed that had a value of about $70 US.
Time to adjust my fees, so I can afford the bag of crickets Leftists want me to eat. They’ve already priced me out of the $94 COSTCO package of two ribeye steaks
Buy the whole strip loin, cut it into steaks yourself. Strip loin has the best flavor on the cow, IMHO, and it is ~$100CDN for a loin. That’s a bunch of barbecue right there.
You know, I’ve seen some really impressive strip loin in peeler bars, but never on the menu…
Can the debt hyperinflate before or after the budget balances itself?
A large percentage of the current problems come from the 2008 crash where the underlying problems were not addressed. The speculators drove the market into the ground and no one was held accountable. The fed started pumping money into the economy and never stopped. It is estimated that the public printing of money was around $6 trillion in the following 5 years. Many believe the Obama administration and federal reserve quietly pumped around $22 trillion into the markets propping up banks, Sallie Mae, federal loan guarantees on bonds and student loans.
With both parties unwilling to have any fiscal responsibility at all, here we are.
The only reason inflation is being reported at 6% is that they changed how it was calculated. If they used the same means as the US did for the previous 200 years inflation would be more than double the current reported numbers.