Fun fact: 🇨🇦’s last finance minister executed a wild accounting scheme that no one is discussing.
This reckless moved padded the pockets of corporate interests, artificially inflates gov revenue, & is partially responsible for the loonie’s plunge.
🧵👇 2/ One of her favorite moves was borrowing on behalf of corporate interests. 🇨🇦 wasn’t “giving” money, it borrowed for them.
It later forgave billions turning it into strategic corporate welfare & they refused to disclose for whom. But that’s another issue.
3/ the real issue was the real estate loans.
MP’s and senators should have a 25% holdback on their remuneration. This is released to them only if the government has not operated at a deficit.for the relevant year. All government MP’s whose government ran a net deficit over its term will forfeit their pension.
Interesting idea. Imagine if that were to happen…?
Yeah, I believe it’s exactly like that. Btw the narrative that Freeland was/is oh so great is stinky hogwash. CTV, Global, TorPravdaStar etc are still pushing this drivel.
She’s a journalist specialized in Slavic languages who doesn’t even know the difference between asset and liability. WEF stooge with finance creds from Dear Leader’s prestigious school of ‘budget will balance itself’.
She has the charisma and appeal of a cancerous tumor.
But above all else, she gleefully blocked protesters’ + supporters’ accounts during Freedom Convoy.
“She has the charisma and appeal of a cancerous tumor.”
I’m gonna use that bon mot.
Having just had a cancerous growth removed, I’ll save that for the next time I see my doctor.
Ukip MEP Nigel Farage told Herman Van Rompuy, the president of the EU, he had “all the charisma of a damp rag and the appearance of a low-grade bank clerk” in the European parliament yesterday.
https://www.theguardian.com/world/2010/feb/25/nigel-farage-herman-van-rompuy-damp-rag
I’ll not soon forget the clip wherein Junior was announcing his draconian counter-measures against the truckers – freezing their assets, etc., with Freeland sitting in a chair behind him, seemingly writhing in near orgasmic ecstasy.
near?
Her vibrator is a hybrid.
Part human, part weasel?
The $62 Billion deficit this year? pfff! Next year’s deficit is dependent on the capital gains tax rising to 66% … which CRA is set to tax citizens at even while it hasn’t passed in parliament yet and there’s no apparent plan to reconvene parliament to actually pass any bills, though it’s pleasant enough that the censorship bill hasn’t made it’s way to reality either.
Next year’s federal gov’t Dept of Everything is going to be lit. It’s clear that the #Libranos wanted to burn it all down.
Who will be the Conservative’s Finance Minister? it seems important that the next candidate knows how to say “no” …
Government Acceptable Account Practices would send the average private sector accountant to jail if he tried the same thing.
The next government needs to audit everything that occured in the last decade, and create laws with proper penalties to prevent it from happening again.
Add in the money counted as revenue that was collected by the CRA for the non-existent capital gains tax changes too.
Government plays this game all the time.
Back in the 80’s the Credit Union system collapsed in Alberta. 90%+ of Alberta CU’s were insolvent. Something like 50% of all Albertans belonged to a CU. The CU’s were reckless lenders. They risked their members money and when oil prices collapsed – so did the CU system. They were beyond redemption.
No problem, the Conservative government stepped in and saved them. They ‘invented’ a new form of accounting that turned those non- performing liabilities into assets overnight. They backed the losses with even more taxpayer money and bailed out a system that rightly deserved to fail.
That’s why I laugh when Fiscal Conservatives talk like Capitalism with no integrity whatsoever starting from the top means anything at all to anyone but the corrupted. Yeah think about that one ……
I say let the ball drop and let society sort itself out.
It’s better then letting cats play with you like your a mouse. FK them……
If we are headed for the bottom in Canada at least let’s find it , and let the honestly ambitious that at least try, climb up out of the stinking cultural hole , and find or create what we fondly remember about this country. Since what’s been done by politicians for years can’t be undone by old style faux Conservative politics.
Politicians and professionals this corrupt should at the very least be let go without their pension and if warranted tried in a court. But you need some integrity in a society for that to happen.
Consequence sadly might be just what this forgetful society needs.
And no I don’t want the world to burn I never have.
That’s why I never voted for “progressives”.I was lucky I grew up being taught and working under grown ups and professionals that actually gave a FK about their jobs and demanded a little respect because they bloody well earned it.
It all seems so simple because it is, and it worked.
Does anyone know what change was made for calculating inflation back in 2021? The author of the post makes reference to it but I can’t find it anywhere.
Was that when essentials, you’ll die without, like fuel and food were removed from the equation?
2021? No, changes have been ongoing for a lot longer than that:
https://www150.statcan.gc.ca/n1/en/catalogue/62-001-X
“The CPI maintains fixed quantitative proportions (weights) between goods and services during the life of a given basket. The baskets are updated periodically to take into account changes in consumer expenditure patterns.”
So they change the “basket” they track from time to time, and how much each of the items weighs in each of the baskets depending on the results of the household spending survey, which used to be done on a 4 year cycle, but then changed to a 2 year cycle in 2013, and is now done annually since 2022.
They also don’t provide error bars for their statistical calculations, claiming that the error “is likely [no confidence interval given] to be small enough to be within the range of tolerance of most users.”
Re: changed how it calculates inflation; in another plausibly deniable act by the Liberal Party of Canada, they arbitrarily manipulate the Consumer Price Index by shuffling the contents in our Bamboo Basket of Goods to make themselves appear more or less soviet, depending on necessity, ie more when we require frightening, less when we are obedient.
Political expediency for the Left: burn the dollar so the next administration can implement nothing but austerity.
As long as you buy the exact basket of goods and services that the government measures, in the quantities they specify, getting the exact goods and services that they measure, which they do not tell you what they are, you will experience the exact inflation that is covered by the CPI.
Good Luck!
Buy a crockpot . 🙂
The government of Canada hates ordinary Canadians and proves it every single day.
Ordinary Canadians think a mark on a piece of paper means something.
Technically it should: but many things today should technically mean something especially after Covid, but don’t , why?
Not enough Canadians are the right kind of Ordinary.
Relic wasn’t really a bad guy.
If you know you know.
Modern Monetary Theory tells us that it doesn’t matter how much money the government prints. But it seems like the Liberals get us out of control fiscally, the Conservatives get us back on track and then we re-elect the Liberals because we hate not getting presents from ourselves.
Why did Canadians as a whole more than not. eventually learn from past mistakes ?
Answer that question and you’ll accept what has to happen, if the simple answer remains forgotten.
Canadians used to aim for real, and actually be happy.
It took some character , courage., and a strong will.
Of course I could be full of sht …… but I just have this gut feeling.