25 Replies to “Nothing Says Confidence”

  2. Why doesn’t Trudeau just print more money?

    I question why Trudeau doesn’t just do away with taxes and just print more money. Taxes are not about raising money for spending but rather a way to punish and coerce us.

  3. There is pretty much only ONE buyer of government of canaduh bonds, the Bank of canaduh, issuing bonds in US currency tells me the BoC expect that finally a major downward correction in value of the loonie is about to occur and they need to offset losses.

  4. I guess the question is, if there wasn’t trouble brewing would they be doing anything differently?

  5. Faster Harder.
    Imagine a country which had foreign assets at hand ,due to trade..
    What comes of actually producing goods and services and trading them abroad,while maintaining a surplus..
    Inconceivable..I know.

  6. I don’t trust either currency. Canada’s currency is likely to fail before the USD, but it’s a race to the bottom either way.

    1. Agreed. The fed is the biggest purchaser of American bonds. A lot of countries are catching on to the scam, hence the move to a new international monetary system, which will probably be just as debased.

  7. L – We need a contest where citizens guess at: the future drop in the value of the Canadian dollar, the rate of Justinflation for energy, food and shelter.

    The winner gets a choice of having their winnings paid out in Canadian or another currency, including in a currency backed by gold or in actual gold, .

    The people, who withdrew $100 billion+ out of Canadian financial institutions
    after bank accounts were arbitrarily frozen by the Trudeau regime. This without even a token of respect for property rights via a judicial review or Parliamentary debate. What
    is their opinion of these novel investments?

    Does this portend the Trudeau regime adopting U.S., the Euro or C.C.P. currency as an or as the official Canadian currency? (Please, present reasoned arguments for and against, for full marks.)

  8. Uh…. I have no love for Trudeau, but if he’s issuing debt in USD, he’s effectively betting that the Canadian dollar will go up, not down. That way there is less to pay back when the bill comes due.

    This does show confidence in our currency, or, at least confidence in the CAD$ vs the USD.

    1. The Canadian dollar going up means interest rates are going up. And it’s not a bet if it’s planned.

    2. So you’re say’n there’s even less reason for Canadians to buy USD bonds at their worsening xchg cost cuz the game’s purpose is to prop up Uncle Joe’s currency since Putin & Xi have moved out of the house and into their own flat…

      1. I wasn’t thinking along that line, but that’s possible as well. A discrete call from the WH to Justin to help out a fellow progressive traveler…

    3. This is not an act of confidence but one of worry.

      Someone bad is about to happen.

      1. Something bad , always , is about to happen with these clown posse’s in Ottawa and DC.

    4. Not the way to read this.

      Governments own their own horse; in this case the CA$. And at the same time they are bookies who need to raise funds; because they have already spent all the money (and more) that they have to feed the horse. The bettors in market see that the CA$ horse has eaten so much it is unlikely to place; indeed it may not even run. So the punters are no longer placing bets on the CA$ horse. The owner of the CA$ horse has to maintain the illusion of having cash on hand to feed the horse and cover his existing bets by taking bets on other people’s horses. The Trudeau government cannot get good odds on its own horse and still needs to feed the horse. That is why it is offering bets on a different horse: To raise any money now; the future be damned.

      There is a chance that the CA$ horse might grow strong on higher productivity and strong earnings from the oil, natural gas and minerals industries – if the owner would allow the horse to have these. But it appears the owner wants to take the money raised from betting on someone else’s horse and gives it away to his friends who promise windmills and pricey unworkable electric marvels. Not that it matter much to the owner. For the really curious bit is that when the bets need to be paid off, it is the taxpayer in whose name he made these bets who has to pony up.

  9. “Issuing a global bond provides funds to supplement and diversify Canada’s liquid foreign reserves, which help promote orderly conditions for the Canadian dollar in foreign exchange markets and provide a source of liquidity to the government, if needed.”

    Needless to say, no government that actually takes the side of Canadians over their Bay Street betters will be allowed to access said reserves.

  11. Western nations desperately trying to save the petrodollar as suddenly Russia, China, India, Iran and other ME nations begin to say “payment in rubles will be fine”.

    1. Yep, Rubles will become the fiat currency if the a holes in America continue on their current path. Millions will starve but who the hell cares?

  12. I’ve been expecting the dollar, both CA$ and US$ to collapse for a couple of years now, it’s just a matter of time. The way both governments spend tax monies proves they really don’t have a clue about monetary policy, so them issuing bonds in US$ just proves the point. They think the US$ has solvency,but it doesn’t!
    The, ahem, “Quantative easing” = printing money, will eventually bite us all on the rear quarter, big time.

    1. I finish off one riff next year and then start on the money I put on my wife’s side of things. I am real glad I am old and will not have to witness my kids and grandkids trying to cope with that which I told them would come to pass. Canadians are very stupid grifters.

  13. Money by any other name. Ha Ha. I hope to hell posters here are not like me, retired on their own dime and watching the morons in government fu-king my investments out of the market with their incompetence, on purpose. I wish I had international investors putting money in my bank account as they are in Twaddels trust fund.

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