Armstrong Economics- The Bank of Canada Should Admit QE FAILED
“It is by raising interest rates that we’re going to slow spending in the economy, give the economy time to catch up and take the steam out of inflation,” Macklem said in the video. “That’s gonna [sic] get inflation back down.” WHAT ABOUT GOVERNMENT SPENDING? Monetary policy does not align with the bank’s goals, as Trudeau’s continued spending will prolong inflation.
It’s like driving your car with the accelerator floored and the brake pedal floored.
Or pouring gasoline on a fire while spraying it with a fire extinguisher.
Anyone who votes Liberal is an economic illiterate.
Eliminate any and all covid restrictions and protocols and get hydrocarbon friendly and most of this engineered inflation will fall dramatically.
In a free capital market, skyrocketing borrowing and spending by the state would result in correspondingly skyrocketing interest rates as government borrowing overwhelms the private sector. And taxpayers would immediately get a correspondingly higher tax bill as creditors would demand a burdensome repayment schedule.
Central banks short circuit this process by becoming a buyer of all those bonds, thus pushing down interest rates artificially. This sends a false signal to capital markets that more capital is available for borrowing than actually exists. We are now at the point where this shortage of capital is becoming blindingly obvious.
We are screwed.
Printing money causes inflation, which is what the privately owned Bank of Canada did, with the full knowledge and cooperation of government. Referring to “printing money” as “quantitative easing” does nothing to prevent inflation. Reversing inflation requires removing printed money from the market.
Getting rid of privately owned legally-stamped money counterfeiters would permanently rid the world of the only serious and the only long-term cause of inflation.
But the scum behind the curtain would never allow for this to happen, and continue to pretend that the same “experts” that purposely caused inflation are the ones who should also cure it.
The same vermin who act as though inflation is like the weather – an unexpected and unpredictable natural phenomenon that they’re trying to fight off on our behalf. When the reality is that these criminals are stealing from all of us through the worst form of taxation – inflation.
Precisely.
Designate 10 hours of your life to study and learn the purpose and utility of Bitcoin. Then slowly buy Bitcoin.
Yes! …. and tulips.
I note that interest rates for savers aren’t rising…
Only in CDs.
Not so. Shop around. GIC rates at 5% or greater are out there. Outlookfinancial.com is one of them. Inflation is on its way down as the economy is tanking so a 5% rate will look quite good soon. Much better than -20% in the stock market.
Bankers run your government, Part 2:
https://youtu.be/ueFEj8OmB34
As long as Jagmeet is willing to prop up the government, and the Bank Of Canada is willing to buy government Bonds that no one else will, there is nothing stopping Trudeau 2 from making as much of a mess of Canada’s Finances as Trudeau 1.
https://tradingeconomics.com/canada/government-bond-yield
Someone tell Garth Turner that. Old CINO Garth believes it’s other causes, but not his Liberal friends or their profligate spending.
Guess he can’t offend his LIEberal clients with the truth.
The bank covered for the very people who ruined this economy.
No quarter …
QE didn’t fail as it was intended to allow industrial level vote buying at any cost and that cost is now showing up as inflation. That the banksters, in-house media morons, academics and elected sociopaths pretend to be shocked at the resulting inflation is just food for the Eloi.
Sooooo, they counterfeit the money and give it to a bunch of rich aholes and bankers, then they raise the interest rates so we pay for the forged money and they call it “inflation?”
Even at 2 percent it’s still theft.
How is nutcase ever going to be loved if he is not handing out money by the wheelbarrow?.. Answer, he is not..
Inflation is being driven by high energy prices not spending. They want high energy (net zero?) and are knowingly lying about spending being the cause.
Inflation is only, ever, caused by increasing money supply. This can only be done by governments and their central banks. Every other person will go to jail for counterfiting.
A lack of vision from previous governments and now, destruction (by design) of the western Canadian energy industry is the reason for the rise in energy prices IN CANADA.
Politics and governments are fully and completely to blame for the lack of energy sovereignty in Canada. With all the oil and gas on Canadian soil there is no excuse not to have multiple oil and gas pipelines servicing the entire country. We “would” be insulated from major world events like what is happening at this time.
Canada (and most western/first world countries) is bankrupt. The official govt of Canada website says 0 gold inventory. Kitco says the government of Canada owns 77 ounces of gold. The Federal Government of Canada owes 1.1 Trillion dollars. An individual could collect 1 million dollars per day since the birth of Christ and still, not have a trillion dollars. The Canadian Dollar is the most pure definition of a fiat currency.
Me : buying Bitcoin -(Sponge Bob Meme) – “I’mma head out”