Inflation versus deflation

It's Probably Nothing Science 74 Comments

Austrian economist Daniel Lacalle interviews Monetary Metals CEO Keith Weiner about a number of topics that we’ve heard a lot about lately, such as inflation, monetary policy, Covid policy, lockdowns and their devastating effect on the economy. According to Keith, the main problem going forward is not going to be rising prices, but rather the progressive collapse in interest rates.

74 Replies to “Inflation versus deflation”

  1. Only thing deflating is our bank accounts and purchasing power.
    Everything else still is going up.

  2. Government that spends in excess of its tax base to the point where they have exceeded the credit limit and then move on to the central bank to print money leaving them two devastating choices.
    Let interest rates rise causing a drastic level of bankruptcy or keep interest rates low and let the currency become worthless causing a dramatic level of bankruptcy.
    Sorry no punting the issue down the road allowed.
    Next government is going to be forced to deal with this.

    1. Its part of the plan Joseph – so I dont think anyone is going to do anything other than more faster.

  3. Canada’s GDP for 2020 was 1.6T. Canada’s total Government debt is over 6T.
    It does not take a genius to figure out what comes next.
    In 2014 Harper sat on 4.1T in total government debt and Trudeau added another 2T plus.
    In plain English Canada is finished. And it will be broken up as all the social safety nets end. They even sold off all the National Gold Reserves of over 1000 Metric Tonnes.
    Canada is BANKRUPT.
    https://torontosun.com/2014/04/11/all-levels-of-canadian-government-debt-total-41-trillion

    https://resourceworld.com/none-canada-sells-gold/

    1. One would have thought that in the face of this, they would have implemented economic liberalization policies, like Shenzen and Hong Kong, but instead they crack down harder and harder, drowning us all in more and more red tape.
      It seems to me that they’re doing it on purpose.

    2. And your kulak farm will be collectivized to “pay” for the enormous government liability, while Junior and his politburo swill champagne on the Rideau. The state media will dutifully congratulate our betters on their peerless economic stewardship. Yes, it’s good to be commissar.

      We never stopped paying interest on Trudeau The First’s HUGE government debt. The Feds never pay off debt. They simply borrow new debt to roll over the old. The saver and the wage earner PAY for it with decreased purchasing power. The “invisible” theft.

      How many billions have been paid in compound interest charges over 50 years just to pay for that monster Trudeau’s borrowing. And borrowing for what? Just to fill the trough for his parasites? May his bones rot forever.

      1. Pay off the debt and forgive the loan by Bank of Canada.

        Trudeau did forgivable loans already.
        And put the debt on Canadian taxpayers.

        1. And here we thought that the government was taking on all that debt so that we didn’t have to. Prinz Dummkopf told us so, so it must be true, right?

          Does he truly believe that Canadians are that stupid? (Does that need an answer?) And, it turns out he wasn’t disappointed. Most of our fellow citizens are.

      2. Didn’t they have this little thing in France 230 some-odd years ago, where some one by the name of Marie said something to the effect of letting others eat some kind of pastry dish?

        What happened to those people? Some of them had an appointment with a sharp blade, I hear.

        Something like that couldn’t happen again, could it?

        1. It’s worth remembering how all that ended: the Revolution eventually turned on itself in a massive bloodbath that affected even the lowliest of citizens, and was in turn overthrown by a dictator who declared war on the rest of Europe and sent the remaining lowliest to die on foreign battlefields.

          Civil wars, revolutions – they may not end well for those in charge, but they certainly never end well for those just trying to get by.

        2. The Ancien Regime did have a debt crisis that lead to currency deflation and run away inflation. A significant event leading to the revolution.
          The revolution took over the church assets, pledging confiscated lands to back a new form of paper money. This in turn was issued in great volumes again causing currency crisis.
          Not resolved until Napoleon moved to a gold standard.

  5. Collapsing interest rates!!! The fractional reserve scam might all collapse!!…like all Ponzi schemes do, eventually.
    Funny that people have more faith in funny-money printed by states than BitCoin, but hey, people are dumb.

    1. Alberta has nearly 200,000 dormant or abandoned oil and gas wells

      …just think of all that potential bitcoin…

      —
      [https://cryptonews.com/news/unapproved-bitcoin-mining-plant-forced-to-close-shop-11635.htm]

      Alberta has nearly 200,000 dormant or abandoned oil and gas wells, often because they’re no longer economically viable, and despite the environmental concerns raised over Bitcoin mining, Stephen Jenkins, Link Global’s CEO, said that the operation can provide an environmental benefit as it’s “using underutilized or unused power” and “retooling and retasking existing infrastructure.”

      The company said that for every 10 MW of power, it can generate about BTC 1.2 a day. But if it can’t work out a solution with the AUC, Jenkins said he’ll move the operation to another site in Alberta, Saskatchewan, or B.C.

      The order to close did come, however, and the company will also have to pay a CAD 50,000-75,000 (USD 39,600-59,500) fine, reduced by up to 50% because Link Global admitted to breaking the rules.

      The company plans to submit documentation to prove their plant in Alberta’s Kirkwall meets provincial emissions requirements to keep it running.

  6. Yet our presstitutes and effete elites consider the sexual orientation of a tiny minority of us to be far more important than how they shall pay for the money they borrow.
    Fiscal Responsibility?
    That is ,what does CBC call us?
    Alt Right Extremisms..
    A balanced budget?
    But maths is hard(And racist).
    But when they collect those lovely pensions they have awarded themselves,you will discover,they suddenly are math wizards..

    With employees like these our business(Government of Canada) has no chance of survival.
    Bankrupt.
    In Denial.And openly stealing to fund their lies.
    Actions that would result in dismissal and criminal charges in the real world.
    But in the Bureaus,Good Enough for Government,means no one can be held to account.

      1. Yah many on here are skeptical of crypto, but have been playing with a small mining rig since spring.
        Gee it actually works. Ha Ha Ha. My own bank….And it’s not illegal.

        3. My own bank….And it’s not illegal.

          Well, not yet. Don’t worry, national governments don’t like competition to their fiat currencies, so I’m sure someone’s working on a way to either neuter cryptos or outright ban them.

          1. Well it actually is not illegal. You just have to be careful, that you keep track of the taxes. Or be careful where you actually cash it in, a lot depends on the jurisdiction.
            Governments do not have the computational powers to break every blockchain account. Even with super computers.

          2. Watcher:
            I was under the impression that its untaxable until you exchange it into fiat money.
            Of course, I bet importing things bought with BC are flagged for extra customs/duty fees.

          3. They can tax the hell out of the electricity you need to run the servers until it’s no longer cost effective to do so, or just declare bitcoin mining illegal currency manipulation and throw you in jail. People forget that governments have better options than trying to break your encryption keys.

            For heaven’s sake, this is a government that put a farmer in jail for selling a bushel of his own wheat to someone who wanted to buy it, and you think blockchain is going to save you.

          4. @Daniel Ream: agree 100%…I would go further and make explicit what you are saying implicitly: it is gross naivety to think that a government wouldn’t do what is in its nature to do; i.e. STEAL and INCARCERATE. (And KILL).

            Having said that, if someone wants to try to make hay while the sun shines, more “power” to him. But all good things come to an end. The government will surely see to that.

          5. The utterly defeatist attitude of DR and nobody is disturbing. Seems they’d rather roll over and take it than fight. I bet they wear masks in the woods, to protect their precious little lives.

          6. “Defeatists” weren’t born yesterday, or are ignorant of 3000 years or recorded government history.

            You loud mouths talk a lot about “fighting”. If you’re actually suggesting something constructive, sign me up; I respect tangible, realistic action. If it’s hot air, there’s a lot of that on this website with all us keyboard jockeys already.

          7. nobody: Doing some business with BitCoin is one thing you can do to starve the beast, other things are do work in the cash only underground economy, distill your own booze, not pay for cable or satellite, home school your kids, move away from the city and get your water out of a well, etc. There are many things you can do to try to free yourself to the best of your ability, and even if none of them work, you’re better off having tried to than not, even if it kills you. Better dead than red, and all that.
            Fatalism accomplishes exactly nothing.

          8. @YeahWell…

            To state the obvious, all of us here agree on a lot more than we disagree about, so it’s counter-productive to attack each other. I apologize for calling you a loud mouth and retract the assertion. For the record, you are one of my favourite regulars on here. I respect and admire the passion with which you express yourself.

            I agree with all your practical suggestions, and have done all of them over the years. It was a great thing you did to list them all. I took issue with the inference that because I think government is evil and will come after bitcoin, that I was a passive “defeatist” who, as Watcher frequently seems to say, “takes it up the @ss”. I’ve been a rational hater of government for more years than many whippersnappers here have been on this earth.

            Friends can disagree about bitcoin. I watched Max Keiser’s “tv” show as far back as 2009 when he was screaming to viewers to buy bitcoin (at less than a buck) and “break JP Morgan”. I hate fiat currency and believe in gold as money. Not a “gold standard” as that is actually a government currency system. Big difference, as Satoshi Nakamoto realized.

            Whether bitcoin is really here to stay, time will tell. Will governments try to destroy it, or coopt it? It’s in government’s nature to recognize competing currencies as inimical to their control, so they will try to do both or either. Because I accept the historical “value” of the precious metals, I can understand the intention to create an “electronic gold”. It’s a great concept. I hope it works. People have already made fortunes from it. That’s why I posted earlier that if people want to try to make bitcoin, (which is always measured in fiat dollars), then my hat’s off to them. I don’t see how that makes me a defeatist. Governments need their government currencies to exist and dominate. I’ve always believed in starving the cancer of government by finding alternative currencies, preferable “real money”.

          9. Hey Nobody and et al, you can make BTC with all the alternatives as well. Solar, Hydro etc all off grid. They only nail you when you try to cash it in, in their jurisdiction. Let it build, then purchase assets somewhere else. There are alternatives.
            How are people surviving the socialist monsters in Venezuela/Argentina etc. Crypto Baby. Suggest you earn about it, and learn about DeFi, Decentralized Finance they are shitting their pants because the Revolution in Finance is growing and growing with crypto. I am not saying it is the answer, but at least learn about what is happening.

          10. nobody: Agreed, and understood. I also retract my calling you a defeatist. BitCoin (and crypto in general), as I see it, is just one tool in the toolbox. It has its flaws (volatility), but no tool is perfect to complete a big job. Unlike many here, I’m also a fan of micro-scale solar and wind, at least enough to refrigerate stuff. Light is cheap, with LEDs (I take peoples broken ones and fix them), and heat in rural areas is easy enough to come by. I guess I’m a bit of a prepper and a bit of an AnCap.
            At any rate, I believe we’re on the same side.

          11. @Watcher and @YeahWell… Thank you for the useful info. Our side has the brains, the creativity, the ingenuity, and the resourcefulness. By all rights, we should be winning this contest hands-down.

            I remember something Lew Rockwell said years ago on a podcast: “Government is like a huge, ferocious, deadly dog, but it’s blind and chained to a stake. Keep away from it, you should do fine. Get caught in its jaws, you’re a goner.” My only point to add to Lew’s remark is that the vicious dog is always straining at that chain to break free. Rather than steer clear of it, I’d really like to neutralize the threat altogether.

            PS @YeahWell… the “west” was built on the “prepper” and the anarchic capitalist. They never used those terms of course. You are what made this place so great. And the total opposite of our enemy, The State.

      2. That easily describes many of my experiences at Armpit College. How dare I tell any of the kiddies that they got wrong answers?

    2. The inflation is going to be brutal, especially for seniors or those on fixed incomes.
      And it has all been done by Conservative as well as Liberals not just Trudeau’s. Harper, Mulroney they are all just as guilty. SHITCON and SHITLIB have fucked us all.

      We need a new Country.

      1. Back in the dying gasps of the Trudeau I regime, many of my family and I realized Alberta needed to separate from the Laurentian Empire. We all wore “Republic of Alberta” hats. Maybe they’d be worth something as eccentric memorabilia today.

        Having said that, it is naive to think that any smaller, “regional” new country that is still founded upon the financial principles of fiat, debt-based fractional reserve banking, aligned with the IMF, BIS, World Bank, Federal Reserve, etc., etc. would ever be any different in terms of economic and monetary policies. These systems REQUIRE monetary inflation, these systems NEED monetary inflation and government debt so that the “ruling elites” can STEAL from real, actual PRODUCERS. How else can they transfer the wealth of producers and savers to their financialized parasites who produce nothing. It’s not an accident of the system, it is the INTENDED DESIGN of the system.

        And if you want a true “Republic of Alberta” or “Bison Land” or whatever, who is going to “run it”? I read over and over again how you hate Kenney, how you detest Rachel, (as well you should of course)…creating a new country isn’t going to purge the land of all the psychopathic parasites that will want to seize control of the government. It’s what governments are…they naturally attract power-hungry parasites, and this type flourishes in power systems.

        I’m not saying to anyone, “don’t work for separation”. I am saying, it’s not a panacea. The problem of government will not go away. Our enemies will just be closer to us than they were in the Laurentian Empire.

        1. Yah all true. So you either fight back or take it up the ass.
          The trick is to design a system with out the fat bureaucracy. You can vote out the crooks when you catch them. Maybe some big brain can design a blockchain system to get rid of the bureaucracy. That is what causes the vicious cycle of hog troughs, rules, laws, regulations and paper shuffling PARASITES.
          For example imagine the Indian Industry with no Bureaucrats. etc.

          1. The trick is to design a system with out the fat bureaucracy

            If you come up with one, write it down. Your book will outsell Plato’s Republic.

        2. Here’s a small “historical vignette” you’re not going to see from the National Film Board:

          My father’s family worked in the Alberta coal mines 100 years ago. Lone Pine Press had an interesting book called “Ghost Towns Of Alberta”, and my family was mentioned in passim.

          My father told me all these mining towns, (many were “company towns”, and the owners were as far afield as Scotland), were eventually forced to close down. They couldn’t compete with the cheaper coal coming online from the West Virginia mines. Well, fair enough I suppose. That’s economics. But fast forward 60 years to Trudeau I and his regime of economic terror. He was forcing Alberta to sell it’s own precious natural resources at a LOWER price than market to subsidize the industrial activity of the Laurentian Empire. I personally knew of many ordinary Albertans who lives were wrecked because of the economic distruption that the monster Trudeau created. And all for what? So the directors of Power Corp. could purchase a new pleasure dome in the Hamptons and 7 more zeros in the bank account? How many billions did Trudeau overpay for the Petrofina shares again to “create” PetroCanada. How many billions did Dome Petroleum lose with Maurice Strong at the till, er I mean tiller? This country has been a kakistocratic kleptocracy from the very beginning with the Family Compact.

          1. Very long list of grievances IR almost as long as my own. So what is your Magic Bullet. How do we save ourselves here in Alberta. Just keep working and sending all wealth to the Elected Queeny Thingy In Ottawa?

            All my solutions start with Alberta getting out of the Penal Colony.

          2. Minor correction – Maurice Strong was VP finance and an “Assistant” to “smiling” Jack Gallagher who, when he wasn’t clearing an entire floor of their head office for the Liberals to use during elections, was borrowing billions to explore in the Beaufort where, thanks to the Berger Inquiry, no egress was ever approved. Strong had moved along well prior to its debt induced demise.

          3. IR:

            I recall that it was the old Pacific Petroleums that became the basis for PetroCanada. Pacific Pete, as it was nicknamed, was the Canadian subsidiary of Phillips Petroleum. Phillips decided to pack it in in 1978 and cut its Pacific assets loose. That gave PET the opportunity he was looking for.

            I was working in Calgary when that happened. The Fina takeover came later.

            I myself worked for Pacific at its Taylor, B. C. plant during my undergrad summers. I knew a lot of people with direct or family ties to the company. They weren’t pleased when PetroCan took over the show.

        3. Yup that is the discussion we are not having.
          Simple math and history indicate that once we pass 1 person in 10 living off of the sweat of those other 10 the decay sets in.
          Once you pass 3 in 10 bankruptcy follows.
          Or so I read it.
          Government.
          A necessary evil,apparently,but a destructive monster when allowed to expand.

          Given that everything government has taken over has turned to shit,perhaps the question should be;”Does it need doing?”
          Cause as our institutions collapse we see how little us tax paying citizens need them.
          Healthcare has been the Lie that defined Canada,if we still buy that story we truly are stupid,beyond redemption.
          A new country must avoid creating pools of wealth or power where parasites can swim.
          Law and order must be local,as with charity and any welfare.
          In fact I advocate for open carry by all citizens eligible to vote and disarmament for everyone who choses to take the taxpayer dime.
          And clear and logical laws.
          Any law maker spreading confusion should be called out and rewarded.
          Justice as opposed to Just Us,which destroys the trust civil society requires to function.
          As far as rules go, the age old 10 commandments,perhaps with a George Carlin abbreviation work fine.
          Of course “Mind you own damned business” should be the 3rd Commandment.
          Or lead of our constitution.
          And we need a country that recognizes human nature,for every society that denies our nature,fades out real fast..
          As Can Ahh Duh is doing.
          Basic maths,if thieves and bandits steal more of your produce than you manage to keep,do you keep producing?
          Which is why the “collective” always fails.
          Every minion out “policing” the producers is one more act of destruction to a civil and productive society.

          Of course Allowing fools to hold positions of public authority is still the best way yet,to destroy the institute and any good it could ever do..
          Yes we need a new country,but we cannot start with a suicide pact as our foundation.
          State Welfare cannot exist.
          For whatever the State “fights” is here forever.

        1. I have about 7 years worth for me and the wife. But it is not canned. We Freeze Dry our own and have purchased from Long Term Food Storage suppliers.
          Yes lay in a store, and learn how to reload, and how to barter, become a jack of all trades. Learn to grow your own food and put it up.
          It is going to be an Epic Historical Collapse don’t forget Popcorn.
          The big thing Grasshopper, if you are not wealthy, learn necessary skills to survive.

          PS:YW am starting your book recommend.

          1. I have grown tomatoes, peppers, zucchini, leeks, peas and beans before. I know how to reload.
            “Beware the man with just one gun; he probably knows how to use it.”
            Jack of all trades already, from basic plumbing, electricity, auto mechanics, carpentry, and electronics, plus I make my own ‘shine. Not good enough at any to command the big bucks, though, but good enough to stay afloat.
            I’ve been a survivalist since I was a kid, camping out in the middle of the winter in a lean-to when I was 15, and lighting a campfire in the pouring rain with just some matches and some birch-bark.

  7. Please, if you have 36 minutes to spare, this is time well spent. Mr. Ernst Wolff who’s a journalist lays it all out there as if he’s giving you this evening’s program for the globalist’s three act play. I was hanging on his every word.
    Negative interest rates also gets honourable mention and is a harbinger of things to come. An economic collapse is what they’re really jonesing for.
    Yeah, I know it has subtitles but it’s a beaut.
    https://twitter.com/FatEmperor/status/1435597564439629839

    3. burton, Thanks, that was worth the time for sure, and something some of us know, but it was put together in a very enlightening and informative way. A pain with the subtitles though. Do you or anyone know if or from where I can download an English text version? Unfortunately, what I know about finding out that kind of information is the same as what I know about all IT, basically just about zero, (idiot level). I would like to have a hard copy to enlighten others, and also ensure I have that info when it gets disappeared from the internet!

    1. The Utube of The Mona Lisa Twins;”I bought myself a politician” mentioned here a few days ago,sums this marxist rant up nicely.
      Funny how capitalism gets the blame,when modern “capitalism” diverges from Capitalism so far as to mock it.
      State controlled capital is not capitalism and the only invisible hand is the ones picking your pocket.
      Just like modern Liberals,who are so illiberal and hostile to individual liberty as to be toxic..Liberalism?
      Yet they worship the all powerful state.

      1. Capitalism is not moral. It merely means the idea of investing capital now for a return in the future. Tieing your shoelace is an act of capitalism, as is bombing your competition into the ground. The free market is a different thing, it is moral. Capitalism is compatible with the free market, communism is not.

  9. Occam’s razor: “entities should not be multiplied beyond necessity”

    Money & Power. Bad men do evil things to gain more of both. Literally oldest story known to man.

    1. There is a big difference between wealth and power: Power is a zero-sum game, wealth is not, regardless of the relationship between the two. The Pareto distribution is probably the optimum for both, though.

      1. Freedom is never cheap. I still think that some genius could design a political system getting rid of the bureaucracy and using some blockchain tech. To get rid of millions of fat assed parasites in government.

        1. I think it can be done by moving EVERYTHING into the private sector. It won’t be pretty, but it will be less ugly than what we’re stuck with now.
          Individuals with SMGs. Small business with technicals and heavy machine guns and mortars, or at least hiring security and arbitration outfits with them. Larger businesses with helicopter gunships or warthogs. Multinationals with nukes and aircraft carriers. Scares the shit outta most people (like freedom often does), whereas the idea of psychopathic states with nukes and aircraft carriers seems OK to the dumbed-down brainwashed masses.
          Freedom carries a terrible price, but its a bargain compared to all the alternatives.

          1. Well that is what Rome did at the end. They just co-opted and hired Mercenaries. But you are jumping right to war, before you even build a state

          2. No, I am jumping right to arming the citizenry and the economy, to prevent war.
            The 2A was intended this way.

  11. If Alberta was out o the Penal Colony. There are many things that Alberta could do.
    Here are a couple of suggestions I made to Ralph Klein, and Dannielle Smith. Smith liked the ideas somewhat but her handlers and whisperers did not.
    Alberta could have the oil or other resource based companies, pay a percentage of all royalties in physical gold.
    Alberta could build a huge Gold Storage Facility in Edmonton or Calgary etc.
    Alberta could use the Gold as a beginning of an International Banking Zone such as Cayman Islands or Switzerland as an example.
    Switzerland has very little resources, other than its people, and its International Banking. They do have a few high tech industries Alberta could do similar, perhaps encouraging things such as computer chip manufacturing, or become a crypto center.
    This is one example and of course Alberta would have to be outside the Canadian Penal Colony. One can hope. Crypto would be a good fit for Alberta, the New Alberta because it can not be landlocked.
    The International Banking Center I think is another one that would fit well in Alberta.
    Alberta is very wealthy but we are robbed constantly by our Colonial Status inside the Penal Colony of Canada.
    If we were rid of the Canadian Penal Colony, Albertans really would not have to pay property tax on their homes, they could enjoy very low tax rates and a very high standard of living.
    Start Believing in your own Freedom.

    1. Once free of the yoke of the state, the sky is the limit. Heck, even the sky is no limit for Man.
      The Karens of the world have a desperate need for the state. They hide their fear behind a wall of alleged good intentions, but in the end, they are abject cowards, and they would have stopped us from taming fire if given the chance. We must not let them win, because if they win, everybody loses. Stateist, static, they try to freeze the world into some sickened format that they hide inside their twisted little fraidy-cat minds.

  12. What a good thread. I agree with the commenters that think you need to do more things for yourself. Grow your own veggies, learn to can food, learn to make preserves, learn to make jam and jelly. You can make the latter using wild produce like blackberries and crabapples. Stock up on sugar, flour and other dry goods. Learn to fish or rather catch fish.
    Become like your great grand parents. They were folks who knew how to do most things. Not a bad skill set.

    We have a small electrical company that installs off grid solar all over eastern Ontario .It works great BTW. We also make rocket stoves which create terrific heat with little wood. Get off facebook read and learn. So if things do go sideways, at least I will know that there are people I can learn to rely on.
    Lastly, get a ham radio.

    1. Lastly, get a ham radio.

      Better yet, learn how to use one and how to set up a station. I’ve been one for more than 15 years. Hams learn how to improvise.

      1. Good advice. I have a HAM but only listen.
        Got have way through my license and screwed by crossing the border to see my kids.

        1. Take a look at:

          https://www.rac.ca/how-to-start/

          The federal government issues the callsigns, but one can make arrangements for exams through RAC. Passing the Basic exam gives one full band access above HF (> 30 MHz), though one has limited privileges if the score is high enough. To build one’s own radio, one needs to pass the Advanced exam.

    2. My 20 acre property up the mountain in Montana has a small solar system I installed. I need a small wind generator next, as Montana has ample wind, very similar to southern Alberta.
      Also part of the reason I have been playing with a small 2 card crypto mining rig.
      It can generate crypto off a small alternative power supply.
      Anyway Never Let The Bastards Grind You Down

  13. Think of Government or the Bureaucracy as the Dead Load in an industrial process. In most process’s you carry a dead load. So what does this mean. Well your piping and pumps are pushing the product you want where you want but they are also pushing a lot of crap you don’t want.
    Therefore as the dead load in the process increases in time, you are expending most of your energy pushing this useless garbage along as well.
    In order to balance the process you have to have a way purge the waste and balance the system.
    We do not have this in our political systems.
    Why? Well in Alberta the reason is because we have Unionized Bureaucracy and all supported by Ottawa appointed Liberal Judges who say we have no right to outlaw unions in the government.
    No use ranting about who done this to us. We already know how the Canadian Penal Colony and its Branch Plant Penal Colonies the Provinces are set up.
    We as a country are done. The Canadian Penal Colony is now carrying too much useless baggage or dead load. Dead Load meaning massive structural Debts.
    As I mentioned way up the thread.
    The collapse is coming I think very quickly. Our GDP is 1.6 T last year, our Total Government Debt Load is 6T Plus, that is a very high debt load ratio. We only have 18M working tax payers according to Ottawa’s CERB number payouts. And 4M of that 18M on the CERB payout were Government workers. Even more dead weight load.
    The Collapse of the Canadian Penal Colony will be EPIC.
    The Social Safety Net Collapse will be brutal. Learn to pull your own teeth and sew up your own wounds.
    The inflation in food and necessities will kill many of the seniors and others on fixed incomes.
    The Paradigm Shift that is coming will be beyond our comprehension.
    My only advice is Adapt and Overcome.

  14. We have perfected democracy.

    As democracy is perfected, the office of president represents, more and more closely, the inner soul of the people. On some great and glorious day the plain folks of the land will reach their heart’s desire at last and the White House will be adorned by a downright moron.
    H. L. Mencken

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