15 Replies to “Trust the “Experts””

  1. Interest rates hit 18-20% back in the 70’s. Interest rates at 8% will kill the housing market.
    Poilievre states on the floor of the HOC using the Dept of Finance own numbers that Canada’s Total Government Debt is now 9 TRILLION. Canada will be broken up.
    Can you imagine what is going to happen when the hundreds of welfare programs have to end. Or when the Indians get paid with worthless asswipe Canadian dollars.
    https://article.wn.com/view-bitchute/2022/01/10/Pierre_Poilievre_announces_9_trillion_in_Canadian_debt_all_t/

  2. Don’t worry. Tiff Macklem will retire with a defined benefits pension that will be index to inflation. He won’t suffer at all.

  3. Embattled Son King seeks repeat majority
    JudaSingh seeks to repeat Ramsay MacDonald
    PP seeks PMO
    Maxime seeks Minority/Loyal Ally status

    Plant yard signs accordingly
    Water deeply

  4. The goal is to bankrupt Canada and the west. Tiff was selected to do this.
    I would guess with mark carneys approval.

  5. Good thing the Spawn-Fuhrer doesn’t care about the economy. Yesterday Tiff added 10 billion / year to our federal debt servicing costs to fight inflation that he enabled by monetizing the debts from the Spawn-Fuhrers industrial scale vote buying. Canada doesn’t need to lose a war to be in ruins. Our politicians at end-stage democracy are more than capable of doing that and all with the mindless support of most of the nation.

    1. Tiff added nothing to nothing. The recent debt, and all new will be held by the BoC, as no one would buy it at auction for less than 6% (guessing) Even “paying” the interest is printing on BoC held debt. It is worse in other countries, the bank of Japan holds 70% of all Japanese sovereign debt, they owe it to it to themselves, they are just ahead of the curve. It is all a house of cards, those poor developing countries that owe dollar/euro denominated debt will fall first, triggering a cascade of defaults that will make 08 look like a blip.

      Get some food in, and pray for a mild winter.

  6. Carnival barker. Absolutely no different than a penny stock pumper working out of a boiler room.

  7. Let’s hope that PP invites MB to become part of his government when he becomes PM.

  8. I was in New Zealand in the late 1980s.
    I remember the bank window with advertisements for interest rates: 33%.

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