Wise Words

Gradually Then Suddenly It's Probably Nothing nannystate 10 Comments

One of the less well-known economists of the Austrian School was Professor Antal Fekete who died in 2020. Fekete arguably had a much better grasp of monetary issues than many of his contemporaries. His works are still available on his website, and one in particular details why debt must necessarily grow exponentially in a fiat currency system.

Every year monetary authorities must create at least as much new money as needed to service outstanding debt, in order to keep the game of musical chairs going.

Governments have lost not only their option to reduce indebtedness but, more ominously, the option to balance their budgets. There is a new item in the budget that is never named, that is well-hidden, but that is increasing by leaps and bounds year after year: that part of government borrowing that is needed to provide cover for the increase of the monetary base.

The utterances of politicians about their resolve to eliminate the budget deficit is disingenuous – it cannot be done under the prevailing monetary regime on a net basis.

It’s Not In The Middle of Nowhere

We Are All Treaty People 13 Comments

But you can see it from there.

Blacklock’s- Defending 400% Rail Subsidy

A 400 percent passenger subsidy at one of Canada’s few Indigenous-run railways is still cheaper than flying, says a federal audit. The Québec line could not run without taxpayers’ aid and will require more subsidies in the future, wrote auditors.

“Federal funding for passenger rail services in remote communities is essential to ensure individuals from these communities can access the ground transportation network and essential medical services,” said the Evaluation Of The Remote Passenger Rail Program.

Great Success!

Drain The Swamp Tommy Douglas: Not Dead Enough 6 Comments

Blacklock’s- Few Hear Of Pharmacare Act

Few Canadians know of cabinet’s pharmacare bill though cabinet has promoted it as groundbreaking, says in-house Privy Council Office polling.

“None were aware of any action from the federal government related to establishment of a national pharmacare program,” said the Privy Council report. Findings were drawn from focus groups nationwide. The Privy Council commissioned the questionnaires under an $814,741 contract with The Strategic Counsel, a Toronto pollster.

Tuesday On Turtle Island

Turtle Island 12 Comments

Cackling Kamala’s America:  Getting an ID.  FEMA’s obsession with DEI.  Is Kamala actually the president?  Three Stalinist-friendly types who call the shots.

Blackie’s Canada:  Moderate Muslims in Toronto.  Schools partake in anti-Israel protests.  A subsidy.  Are only Hamas supporters allowed on Parliament Hill?

Woke World:  Covid vaccine science.  A German information campaign.

Your morning meme.   A cartoon.  And at the Bee.

Calling Alyssa Milano

Baiting The Left Democrats 8 Comments

Alyssa Milano gained much popularity as an actress, when she was much younger. More recently, she is more famous as an activist, especially with this Twitter post, which called out horrible men who were abusing women. Good for her to help out other women!

Her recent Twitter/X posts suggests that she’s not very relevant these days.

It’s very mysterious why she hasn’t called out Doug Emhoff, given that a female New York attorney alleges that Emhoff slapped her while they were dating. It doesn’t seem that Milano waited for definitive proof or legal convictions when other men were accused of improprieties. She was a strong advocate for #BelieveAllWomen, yet somehow Emhoff escapes her disdain?!? Make it make sense.

Today In Renaming All The Things

Forward! 12 Comments

Daily Sceptic- The Politicisation of Plants

The first step concerns the word caffra. It is a common suffix in some plants, such as Erythrina caffra. From now on caffra will be replaced by affra, so that Erythrina caffra will be known as Erythrina affra. This is because caffra is a bad word, alluding to an Arabic word for ‘infidel’ (which at some point was adopted as a racial term in South Africa), while affra is a good word, alluding to Africa. If that was the first step, then the second step is that the nomenclature session also decided that a committee will be created to consider the names of plants associated with controversial figures from the past: though this will only apply to plants named after 2026, and therefore not reach as far as renaming plants which were originally named for slave traders or despots.

The Brainwashed Masses

Shiny Pony The Libranos 23 Comments

Blacklock’s- Not Inflation

Cabinet proposed renaming inflation as “heat-flation” to persuade Canadians to associate the rising cost of living with climate change, documents show. The idea polled badly.

The survey was commissioned under an $814,741 contract with The Strategic Counsel, a Toronto pollster.

Blacklock’s- Gov’t Buys “Social Cohesion”

“The crisis in local journalism is a threat to social cohesion,” said the report. It praised the Local Journalism Initiative, a fund offering 100 percent rebates for the hiring of reporters at a $19.6 million annual cost. The subsidy is separate from a $595 million bailout that pays a maximum $29,750 yearly rebate per employees of government-approved newsrooms.

“What are they going to do?” asked Jolly, a Toronto freelancer. “Are they going to work at Home Hardware? I don’t think that is really befitting of treating people with professionalism.”

Changing terminology

A Tax, Is A Tax, Is A Tax

Canada’s Bolsheviks Climate Cult 8 Comments

Globe and Mail- A look at Halifax’s climate property tax, ahead of a civic election that could determine its future

This is unique among larger Canadian cities – many of which have put little money toward climate change even as they declare it an emergency – and raises about $18-million in dedicated funds each year. But its prominence on the bill is a recurring worry to the city bureaucrat who helps dole out the money.

“Usually when things are called out on the tax bill, they’re at risk,” said Shannon Miedama, Halifax’s director of environment and climate change. “Every year I freak out that it’s going to get debated and pulled, and it hasn’t happened yet.”

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