It’s Probably Nothing

8 Replies to “It’s Probably Nothing”

1. It won’t affect Canada until it does:

   https://tradingeconomics.com/canada/money-supply-m2

2. I took a single Economics course by mail to get my Grade 13 (yes, I’m dating myself here). Learned about macroeconomics and money supply. In the 80s. Oh, and never actually got my Grade 13 (missed one of the FOUR MATH CLASSES REQUIRED). Oops.

   Wrote this two years ago, though. I know I’m not a real economist, but if I bothered to get a few letters after my name, pretty sure I could write one book and spend the rest of my life being interviewed by the MSM:

   We’re at Step 13:

   1) there is no threat of inflation due to the government borrowing then “spending” a trillion dollars
   2) there is no inflation, like we said
   3) there is some inflation, but not everywhere, and its not bad, so point 1 stands, please ignore point 2
   4) there is some inflation in some minor areas such as fuel, housing and food, but its manageable
   5) its only for a short time, just like two weeks to flatten the COVID curve, remember then?
   6) inflation is actually good, Colbert says so, and who would know better than a celebrity millionaire?
   7) the government has a plan for inflation if it ever really becomes a for real problem for real people
   8) you’ll love wage and price controls…
   9) its corporate greed that somehow didn’t exist two years ago, just started overnight
   10) did we mention the inflation that isn’t happening, but would be great, is Putin’s fault?
   11) overturning Roe will damage the economy
   12) CTRL/H inflation/stagflation
   13) CTRL/H stagflation/recession
   14) CTRL/H recession/New Great Depression

3. It’s WORSE than that.

   Bidinh’s first two years … unprecedented Federal spending and debt … $31 TRILLION … now the bill comes due just as interest rate spikes are making the National Debt service an economy crushing routine. The Democrat (Bidinh) solution? Tax Tax Tax! Capital gains (wealth tax) Tax to nearly 45%!!! Yes, the Democrats have finally turned America into their beloved Euro Socialist States.

   The American people are now going to get PUNISHED for Bidinh’s profligate spending (read: give-aways).

   1. The billionaire class is almost entirely Democrat supporters, the house should jump on the cap gains tax for over 1 million, put it in a bill pass it and send it to Biden. Want to see someone squirm? They put that in for optics only knowing it wont pass, call their bluff.

4. Business demand for capital is falling off a cliff. Yet no one seems to notice or care. They will soon.

5. Relax.
   Justine will make us all billionares.
   Every Canadian will be at least a multimillionair,why we will need wheelbarrows to carry our wealth around..
   Damn shame that paper will buy nothing.

   1. No wheelbarrow needed, it will be digital and ones and zeros to infinity.

6. That graph should answer every question about inflation.