25 Replies to “Temporarily Unexpected”

  1. I’m sure real inflation is running 20%. They will have to bring in a million immigrants this year to keep wages from rising. Look forward to becoming a lot poorer if you don’t work for government.

    1. Inflation will bankrupt a Public sector union worker just like everyone else.
      Canada’s Total Public Debt plus annual deficit is larger than almost all the EU combined. There is no way out for us any longer. The total debt is over 6 Trillion. That is almost 6x our GDP.
      They will have a tough time raising taxes because they are already taking more in Tax than the average family is allowed to keep for his necessities. Food, Clothing and shelter.
      Harper already wrote the law allowing the government to seize bank accounts to bail out Banks. And Trudeau passed it in his first term.
      They all already sold off all the Gold Reserves of 1000 Metric Tonnes.
      They looted the UI Fund for 54B. They want an equity stake in your home.
      They will keep feeding the Leviathan until the last drop of our blood.
      You can’t fix it by voting, the deck is stacked, the game is rigged and the House always wins. BECAUSE ALL THE PARTIES ARE THE SAME UNIPARTY.
      The Floggings Will Continue.

    2. Actually, immigration is what the elites use to sustain our ridiculous housing bubble. They can never allow that bubble to correct or else all the banks would fail. So with 200k homes built per year and 300 -400k immigrants (plus young canadians growing up), you have never ending demand for very limited resources.

  2. The goal is to bankrupt the west. Could it be any clearer? We have Soros acolytes running the country right now.

    Unfortunately the average Canadian probably 80% of them do not understand the difference between debt and deficit, and think that Trudo is going to make the rich pay the bill.

    Just like they promised Venezuelans

    1. Bankrupt Canada and then be forced into bailouts from the IMF and World Bank in exchange for massive privatization, union busting and loss of sovereignty?

      Sounds okay to me.

      1. Yes but it’s the bosses they will put in charge of our lives, the seizure of private property and such I am concerned about.

  3. Remember mortgages at 20.5%? The late 70’s. I had one of those. The Mills (and their parents funding them) are gonna have a stroke. I funded mine in an extra special way. When the PTB warn you “it’s just a temporary” thing, smell the coffee, folks

    1. I was starting doctoral studies at Queen’s U in September 1981, when mortgage rates peaked at around 17%. I owned a modest duplex in Ottawa, and my 5-year mortgage came to an end. A sympathetic Bank of Montreal loan officer in Kingston suggested I take a six-month mortgage, with the expectation that rates would begin to turn down. Kind of worked for me, but as a grad student money was tight back then.

  4. In the 70’s the bankers association lobbied the government to allow many classes of government backed loans to “float”, as apposed to being fixed.
    They promised we wouldn’t see much movement of rates.
    August 80 I took out a loan for a combine at %10. By the following March it was 24%.

  5. As I keep observing we here in the West,have no choice.
    We must declare our independence from these idiots.
    I refuse to pay the bill for services I never saw.
    Eastern Canadians either love this corruption or they condone the massive fraud..
    They keep electing these useless parasites.
    The bill is coming due and Ottawa intends to stick it to those with young families..predominantly Western Canadians..
    Demographics count and somebody has to provide the generous “contributions” needed to support Justine’s Instant Canadians..

    1. John, that is what parasites do they elect other parasites that will keep them their position at the trough. It has been ever thus in eastern Canada.

  6. Well lets see now….

    RUG was $1.319/Litre ($4.95 Gallon x .8 for exchange rate= $3.99 USD Gallon) here 2 days ago. It’s as of today 1.419 (5.36 Gallon X .8 for exchange rate= 4.29 USD Gallon)
    A 10 cent increase per/litre
    37.8 cents CAD per gallon increase to put it into prespeceive for my Southern Friends.

    For why..?? because they can.
    And the Feds/Provinces who bone us up the rectal tax shute….love it.

    Diesel is steady at 1.184 / litre – Costco 1.149 / Litre
    8 months ago it was .78/litre. So being a Duramax owner…not quite crying in my rice Crispies….but with a 52 gal Titan Tank underneath and a 30 gal slip in the back, its still $365 CAD/Fill…. the flip side is, I can drive to the Shushwap and return on Alberta priced diesel…

    SCREW BC. with their $1.40/liter for Diesel

    1. steakman,
      Your using the wrong metrics for inflation as fuels have been monkey hammered for decades to stay low for cargo delivery and military services to use. They use the most fuels by far compared to the average Joe. Excuse the pun.
      This whole system is a willy wonka of many different bullshits and frauds to make you think you actually own something.
      Ownership and bank controlled economics that have a multitude of different frauds themselves to make you buy whatever they want to sell you…Oh pet rock…need to buy it…
      Suckers trapped in a cage of their own design where our governments tell you what you can and can’t do on penalties of economics or penalties of jail.
      If you really investigate every single thing individually, you will see what our governments, politicians, bankers, economists, realtors, insurance brokers, etc, etc…
      Don’t think these guys haven’t had a multitude of mental professionals help shape your decision making.
      You really own nothing.
      But you’ll be happy until they come and take it away.
      Inflation was always here taking away your purchasing power. Just at different speeds in your life.

      1. Inflation is a tax on Stupidity. It also used to be a crime. Revolutions and Kings fell over this issue. Inflation is showing you that your money is rapidly losing its purchasing power.

        It will accelerate very fast into collapse.
        As people start trying to quickly exchange it for goods that will hold some value.
        The Chinese have become rich temporarily exchanging their junk for hard US dollars which are rapidly becoming junk.
        So if you watch what the Chinese have been buying lots of recently you will see were this is going.

        1. Food. They are buying up food everywhere. And meanwhile we are in one of the worst droughts since the 30s in the west.

  7. Most of my investment portfolio is as follows: 25% in one real-return bond ETF, 10% gold shares, 5% Nutrien, 10% industrial REITs, 25% cash, and the rest in high-dividend shares in companies related to the Western Canadian economy. In other words, this is an inflation-hedged portfolio.

    We are also stocking up on non-food necessities in the basement, using Costco. My wife knows how to can and freeze vegetables, and we will be starting that for this winter. We are planning to rent a decent-sized safety deposit box, to store 1 oz and 10 oz silver bars. It is recommended that one buy from a reputable coin or bullion dealer, and not from the TD or FIBC banks. Note that in nearly all provinces, bullion investments have no sales tax.

    A big-time inflation is coming. Note that Stats Can is going to report the June CPI soon, and it will be a big print.

    1. You may want to think about your safety deposit at the bank. When big mobs are at the banks doors.
      You could create a fake duct in your wall that could quite easily hide what you want. Tape a white paper on it’s back to hide your contents. When you screw it on the wall.

  9. TH
    The system is set to blow, and on comes the great reset. The best investment is likely ammunition.

  10. Anybody remember the (in)famous Anti-Inflation Act (aka Wage & Price controls) brought in by PET from 1975 to 1978?
    I lived thru it. No raises for 3 years was bloody awful.

    Maybe something similar is coming

  11. Please keep in mind that for the USA the government changed the methodology for computing inflation back in the early 1980s. It is estimated that (using the old methodology) the inflation rate for June 2021 over-the-year would be closer to 13.3%. If you’re interested in a better explanation go to the shadowstats website.

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