50 Replies to “We Have A Plan”

  1. Oh great, more “modest deficits” before returning to a balanced budget some time in the future – just like the Trudeau Liberal government. Perhaps Carney can double Canada’s debt too – just like Trudeau. Looks like it is going to be a repeat of the 90s financial crisis due to overspending if the Liberals get a 4th term.

    A modest proposal: sell Alberta and Saskatchewan to the US to fix the next government caused Canadian financial crisis.
    /s

    1. ” just like the Trudeau Liberal government ”
      Why wouldn’t it be,,, after all,,, the godfather of Freeland’s children, who was advising those financial decisions during the Trudeau era, is no longer hiding behind the curtain, and is making the financial decisions all for himself !
      Currently Canada’s indebtedness is costing Over a BILLION DOLLARS every week !
      When ever a leftistt throws out to me that we need to spend more on healthcare, I remind them of this little fact. And BTW, this number will not be going down anytime soon, enjoy Gen X, Gen Y and Gen Z,,, when will you vote against this crap?

      1. Looks like it’s well off senior citizens that are Carney’s biggest supporters. To be blunt, they’ll be dead before the worst economic consequences hit Canadians. Younger Canadians need to vote like their economic future life depends on it – because it does.

          1. Not to worry if the present research about the covid injection’s adverse effects are proven many of the public servants that lined up so joyously for their gimme-jab may not make it to retirement and of those that do they may be in advanced stages of cognative decline. Time will tell. 45/5 ratio will be re-established.

        3. Smart retirees, including teachers and government workers, who have good pensions/investments will cash out their Canadian assets retire elsewhere.

          I suspect that the Liberal government will eventually have to “harvest” the wealth of well off senior citizens to get the budget under control. Home equity taxes, higher estate taxes, more clawbacks of senior’s benefits to name a few. The younger generations, having been betrayed by rich seniors in this election, will not object to these “for the greater economic good” policies.

          1. its rats trapped in the box syndrome. eeeeeveryone ‘looking out for #1’, the end result? THEY ALL GO DOWN ENSEMBLE WITH THE SINKING SHIP.
            and little old moi the homely looking autistic with (exact quote) “significantly above average analytical skills” is completely ignored for decades on issues including related to collective and individual futures in Canaduh.

            *l see it coming* l get ‘hunches’ from somewhere, lm not a financial or investment expert, not a sociologist, etc. but lm batting about .800 so thats what l go with.

            so pass the popcorn!

          2. LC Bennett, your reference to the ‘economic good’ that was so easily applied to the covid scamdemic has somehow been missing in action in building an west/east pipeline. Why was it for the economic good to inflict mandated experimental injections and the ensuing hardships and adverse health effects but somehow the economic good of using our natural resources to generate a lifestyle that would benefit everyone is considered dangerous and harmful? Why is that question not being asked of the Carney Liberals?

          3. The slogans during covid: for the greater good, 2 weeks to flatten the curve, choices have consequences, save grandma

            Current slogans : elbows up, buy Canadian, Canada’s not for sale

            Possible future ones : all must sacrifice for the greater good, join our common purpose, own nothing and be happy, freedom is actually freedumb , we have always been at war with Oceania….in the end it’s mostly about transferring wealth from everyone else to the political and corporate class. The slogans are merely diversions crafted by behavioral psychologists.

    3. Carney by increasing the budget deficit is going against all Economic principles! As Dr. Bronson use to say to handle inflation or over expenditures an increase can only happen by increasing support of industries like OIL!
      Increasing the National Debt makes Canada weaker!
      The West must separate!

  2. Apologies to Kipling:

    we were promised the Fuller Life
    which started by loving our neighbor
    but ended by loving his wife

    till our women had no more children
    and men have lost reason and faith,
    All is not gold that glitters, two and two do make four
    but the Liberal Party of Canada
    limps up to explain it once more.

  3. Carney is not stupid in this area, this plan is going to force a crisis, expect CBDC and a lockdown of economic and general freedom which will make covid look like nothing.

    2. With Carney’s background, don’t be surprised if he uses the private equity asset stripping tactic of sale-leaseback arrangements to fix the crisis. This tactic has been in vogue since the 2008 great financial crisis. Private equity buys a business with large real estate holdings, sells the real estate to the private equity firm’s property division. The original business, now stripped of ownership of the real estate on which its business operates, must leaseback/rent (with escalating rent) its previously owned property…until the business is bled dry. Then the remaining assets are sold off in bankruptcy. Private equity profits at every step. Toy’s Are Us is the most known example but there are many other casualties of this practice.

      Nations like Canada also hold a lot of real estate assets in the form of infrastructure, land, buildings, national parks, etc. Real estate and private equity corporations that have Caribbean tax havens could make out like bandits if one their own was the leader of a country. Sell national real estate and infrastructure assets and have taxpayers rent back those same assets in perpetuity.

  4. Freeland (Carbon) was off by 50% with her (his) budget deficit prediction of 40 billion as we know it was over 60 billion.
    So Carney, sans Freeland, might get the deficit spending up to 300 billion.
    It is not difficult to imagine.
    We’re now spending what, 54 billion per year or over 4.5 billion per month to service the debt.

    This is madness.

      1. The time to buy gold was 10, 20 years ago. Even just 2-3 years ago was better than now. The price has almost doubled from 3 years ago, and up 1000% from 25 years ago.
        But yes, just expect the cost to be extreme for a pittance inthe amount you can buy today.
        But yes, with Carney’s Marxist budget plan, and the tariffs, expect a 50-60 cent dollar, and higher interest rates. He’s a fool, a pied Piper, and the grey haired lemmings are marching all the way to the cliff.
        David Rosenberg, a good Liberal if there ever was, gave this assessment a couple of months ago. Even if he’s only half right, the situation is bad!

        1. I saw Rosenberg’s interview about what’s about to happen but I can’t remember who interviewed him so that I can rewatch it. If you remember can you please post it here for everyone to watch.
          I have been buying gold all the way along but unfortunately I went for the stock market and not gold when it was $200-$300 an ounce. Who could have thought that things would get this bad. If the Liberals get in again not only will the dollar devalue due to policies, debt and printing but no business will thrive and the Canadian stock exchange will collapse.

      2. Buy bitcoin. It is still considered cheap and early to get in. The ETF symbol is BTCC.B for Canadians. The dollar has no bottom and bitcoin has no top. Countries around the world are adding bitcoin to their reserves.

        1. What about buying bitcoin through one of the exchanges instead of BTCC.B. That’s a serious question because I don’t know much about bitcoin or crypto currency despite all of the media coverage. I have some XRP and Bitcoin and I hold in a “wallet”. Whatever that is and my son set it up. Buying it on the stock exchange would be much easier for me.

          1. exactly! ie *try and find out everything there is to know about
            MERELY THE P-R-O-C-E-S-S-E-S of transactions* let alone pros and cons.
            ha!! good luck wit’ dat !!!! need proof? anybody got an unbiased objective link to the above Q? hmmm? hmmmm?

      3. I could only afford and bought silver. 150 oz. Mostly coins, some rounds.
        Better than nothing I guess.

    2. Buddy: “We’re now spending what, 54 billion per year or over 4.5 billion per month to service the debt.”

      Assuming a population of around 35 million in Canada, that works out to every man, woman, and child paying around $125 each per month.

      Say what? You’re not one of the Canadians paying any taxes? Then someone else is paying $250 or $375 or more a month to make up for those who aren’t paying.

      Well, that’s not going to work out very well, so the best response is for the gummint to print more money to pay the interest. That, or borrow the money to pay the interest on the debt.

      With Marx Carnage in charge, who is experienced and knows what he’s doing, I’m sure everything will work out OK. Right?

  6. Spending our way out of debt?
    Well why not?
    “The budget will balance itself”.
    Canadians really are Brain Dead.
    For the definition of insanity,being doing the same thing,over and over again,expecting different results, is the history of Can Ahh Duh.
    Mighty nice of Dear Leader to provide the Great 5 year Plan for us..When he declares “State of Emergency” we will all applaud like trained seals.

  8. “Liberals claim that the upfront spending on economic integration will grow the national economy by up to $200 billion.”

    Translation: the budget will balance itself.

    If this was ever true (government spends $130 B and grows the economy by $200 B) then we would have the largest economy in the world instead of one of the largest debts.

  12. Remember how the Liberals froze bank accounts? For some reason, it is legal for Banks to access their depositors accounts in an emergency. What constitutes an emergency in a Liberal’s mind is not necessarily an emergency in a depositors mind.

  14. “The platform also prices in a one-time infusion of $20 billion in revenue from retaliatory tariffs on the U.S.”

    So making things $20 billion more expensive for those who aren’t connected to the liberal party to get some of their largess?

    And of course, they are promoting for Government Accepted Accounting Practices, which would send a CPA to jail for fraud if they tried it outside the government sector.

  15. “The four-year plan also includes billions in gender and equity-related spending, including $160 million to make the Trudeau-era Black Entrepreneurship Program permanent, $400 million for a new IVF program and $2.5 billion for new infrastructure in Indigenous communities.”

    I fantasized a taxpayer getting to ask Banker Carney for some personal financial advice….
    Taxpayer: Between taxes and expenses, I’m going more and more into debt every month.
    Carney (smiling): Don’t count on lower taxes. What are your expenses?
    Taxpayer: Along with food, rent, utilities, and car payments, we have credit card balances with high interest tacked on. We also donate monthly to causes and issues that are important to us – gender equity and black entrepreneurship for example.
    Carney (after a pause): Have you tried eating only one meal a day?

  16. Canadians need to bring a class action lawsuit against these politicians that had indebted us so badly.
    Make them pay, personally for their irresponsibility, and lack of sound judgment to manage the countries finances.
    Young people should be so angry, they may not even have their “free healthcare” in the future.
    /sarc or maybe not.

    1. Your right not all of them are entitled idiots but many are pretty domesticated.
      They should be protesting to get some decent governance, politicians of all stripes need to sweat a little.

  17. Strongly urge all conservatives to move to Alberta as soon as referendum is called. (Or sooner). Do they attach some sort of a pre-residency requirement to a separation referendum? ie: you have to have lived here for at least 6 months to vote?

    Even if Polly gets in (and I hope that he does) Canada is still on its way down. Too many grifters and freeloaders in the cities. (And honestly Alberta is on that trend-line too). Probably too late for us even, but worth a try to get out while we can.

    2. What you are becoming a conservative? How are you going to get the government to pay for your bitcoin and trip to the UAE.

    3. well go all in unmebot. hand it all over just before it collapses from speculators cashing in. then maybe you will jump out of an office tower be it bay street or wall street. aim for turdeau’s head.

  19. Mark Carnage
    I’m going to borrow massive amounts, which I will invest in companies run by friends, who will pay themselves exceedingly high salaries and consulting fees, which they will then invest outside Canada.
    You and your children will get stuck with the bill.

    1. // A 2019 report by the campaign group Platform showed that the Bank’s corporate bond purchases were heavily skewed toward high-carbon industries, including oil and gas. //
      Demonic !

Proudly powered by WordPress & Skyrocket Themes

MENU

Navigation