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onlythetruthmatters

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Posts posted by onlythetruthmatters

  1. Its really a erroneous to think we are a free economy when Government tries to control it by controlling interest rates etc. They think they can control the economy but they really can't. People in the know can just take the opposite bet against government policy example short income bearing securities creating a profit.This is a transfer of money and is one of the major reasons the rich are getting richer they are simply taking the opposite bet against government policy. Joe street has no clue whats going on its beyond his comprehension of the financial world.

    Rather we are capitalist or not.....Interest rates have the biggest effect on economics and to let politicians and central banks control them is a big mistake. Its communist economics and can never work.

    Within the interest rate world is long and short term rates which is another discussion in itself. Government has controlled Short term rates....They highjacked Long rates from the market with QE. This is going to lead to Big problems!!!!

  2. 3 minutes ago, onlythetruthmatters said:

    I can prove it But it would take to much effort with no reward!

    heres a complicated example If governments lower interest rates to 1% and Inflation is 2%...this is negative REAL interest rates...they can borrow money cheaply at 1%.... but it drives housing prices up so some renters pay higher rents and pension funds can't earn proper returns on fixed incomes so pension deficits rise.

    Is this not a sophisticated way of transfering money from people to the state.....Taxes might not be the right word....but government % of the economy might better fit.

  3. 11 hours ago, Cannucklehead said:

    Not true.  

     

    Government Debt to GDP in Canada averaged 78.23 percent from 1980 until 2018, reaching an all time high of 100.20 percent in 1996 and a record low of 44.90 percent in 1980.

     

     

    This doesn't include everything CPP liabilities etc.....don't forget they offloaded many programs onto the provinces...shuffling of the numbers. we also have 3 levels of government.

    Also when i mention taxes I include all payroll taxes (including unemployment insurance CPP deductions). Governments % of the economy is Government spending plus debt plus deficit.

    The total debt to GDP can drop and taxes go up (don't forget hidden taxes) and government percentage of the economy can rise.

    Its all playing with numbers to put news headlines out to fool the general public...

    Heres an example Ontario sold off hydro which had huge debt for one reason to get the debt off there balance sheet. which made things look good to the unknowing eye.

  4. Singapore personal tax rates start at 0% and are capped at 22% (above S$320,000) for residents and a flat rate of 15% to 22% for non-residents. To increase the resilience of taxes as a source of government revenue, Goods and Services Tax (GST) was introduced in 1994. The current GST rate is 7%.

     

    MH do you think its a coincidence Singapore has a higher standard of living then Canada without the resources Canada has......Could it be the efficient lower tax rate!!!!....

  5. On 8/19/2020 at 2:12 PM, Michael Hardner said:

    No.  Here's the claim "Government is becoming a bigger percentage of the economy almost every year.....Soon we will go to work and our whole cheques will go to them if they have their way....".


    You can give a link that shows that, to support it.  A google link, plus instructions to go to the images tab and look for 'tax freedom day' is a distraction at best.
     

    The claim is that government is a bigger share of GDP.  I posted a graph that shows it goes up and down.  And a link to the source.

    MH your data is flawed....Government is what they spend and what they borrow...money they borrow is future taxes.....Then you have the crown corporations, bank of Canada balance sheet.

    Governments are tricky they purposely hide figures and produce fake numbers.....There is no way I can prove to you that governments percentage of the economy percisely without taking months to compile the evidence.....Government is growing every year and you have no common sense if you think otherwise. Think hidden liabilities like government pension plans etc..MH think outside the Box!!!

  6. 3 hours ago, Shady said:

    Trump now up 2 in Michigan.  He’s tied in Minnesota.  Wisconsin will probably follow after all this violence.  And in Pennsylvania, he’s closer to Biden now than he was to Clinton in 2016.  This could be a nightmare for Democrats if they don’t start acting like grown ups.

    https://www.newsbreak.com/news/2049798308074/trafalgar-poll-trump-now-leads-by-two-in-michigan

    Trump is going to win....Just add all the voters that are afraid to say they are trump supporters on the surveys (impossible to know)....I don't think the American public is a dumb as the Democrats think they are...

  7. The facts........ Interest rate below inflation are negative interest rates.....Government spending...I Don't think they can cut spending without a crisis to many interest groups that are difficult to take on....

    What happens after negative interest rates...Money printing......Can the Fed stop printing money without a crisis.....I don't believe so there is no political will ( kinda like closing down the airports Before the virus spread)......

    Conclusion We are in A depression that they are trying to prevent from happening.....By fake economics e.g. an errosion of standard of living over many years. 

    All the money they have printed is working through the system now, Asset bubbles.......How it will settle is the million dollar question....I think eventually the printing of money won't work any longer....and we should reach that point soon....then the money will shift.....I don't think anyone can predict where the money will go with certainty....China is communist, Europe is a Basket case. There is No alternative but Gold and other rare things like land and maybe companies that produce things people need Innovative companies.

    I think the stock market will be the first to correct. Because its the most Liquid (concerning assets)

  8. On 8/23/2020 at 6:49 PM, Shady said:

     

    The last stage before A depression is money printing. We are in that stage right now. The government can't fulfill all their obligations Debt repayment Pensions etc. Its going to be brutal.

    Canada might try and increase immigration....This will delay the reckoning further...If you don't count overcrowded transit roads hospitals etc......Its a pyramid scheme......

  9. 5 hours ago, WestCanMan said:

    If it was 2013, and somehow I managed to find this post from the future, I'd say to myself: "Who is this drivelling idiot? That's obviously all lies." It sounds way too stupid to be true. 

    It's bizarre that almost half of the US population supports a political party that has been espousing those utterly moronic ideas.

    If it just took 7 years for them to get to ths point, I'm afraid to think what the Dems will be asking for 7 years from now. I feel like I could just say the stupidest things imaginable and the Dem party will just glom onto them now as if they're blatantly divine wisdom.

     

     

    I'm calling this the 2027 game. Pick the topic that you think will become part of the Dems' platform within 7 years: 

    "Straight men and women should be forced to have sex with gay people of their own gender, to find out if they're gay."

    "People will get partial votes, based on the number of people in their race, so that all races will have equal representation."

    "Tuition at black universities and colleges, and at new universities which are exclusively for illegal immigrants, will be free, and tuitions everywhere else will go up in order to pay for it."

    "Anyone graduating from a black college or an illegal immigrant college can get the name of an Ivy League university on their diploma."

    "Suburbs will have a mandatory requirement to provide free housing to low income Americans and illegals, with priority given to people whose skin is darker than a brown paper bag and non-christians."

    "People who graduate from programs in Math and the Sciences will no longer be given degrees, so that people who don't like those subjects can't be discriminated against when applying for jobs in aeronautics, engineering, etc"

     

     

    LOL......Lets have the olympics with predetermined results as the closing ceremonies....

  10. On 8/20/2020 at 5:38 PM, bush_cheney2004 said:

     

    People get to vote in China too....so "democracy" ?

    Keeping this fuzzy notion on topic, the 2020 election in the United States will select a president not based on popular vote, but by state electors allocated for the Electoral College.

     

    Your definition is like saying anything is invalid because it is not pure....eg the stock market is not the stock market because other things go on. If I say I'm german i'm not because i'm only 90% German......Voting is not the litmus test for democracy....Knowing the rules of the vote and the system of candidates if they are followed then its a democracy. 

  11. On 8/20/2020 at 12:14 PM, WestCanMan said:

    Dead people were registered. They still get to vote.

    7,700 people die every day in the US. That's 770,000 every 3 months. Theoretically, if they're dead, they don't get to vote anymore. 

    The dems are compulsive liars. Why didn't they make these changes(mail votes) when Obama was president and they controlled both houses. Now that Trump is President and they only control congress they want to do everything their way.......

  12. 3 hours ago, WestCanMan said:

    Exactly. Everyone has some empathy for a certain person or group, or they understand the importance of faking it.

     

     

    They claim they have empathy but they never write the check....Sorta like socialists with other peoples money.....Some of the most empathetic people I know never do anything for anyone.

    Weird to me. Its almost like their empathy is the insurance policy they never bought in case they need help from the people they are professing their phoniness too. The real ones act or give.

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  13. 5 hours ago, WestCanMan said:

    Fascism and communism are not 'the same thing' in theory and I never said that they were, but they share the main anti-democratic traits like a massive amount of control over the media, a lockdown on public discourse, the death of small business, etc. 

    Can you find my quote about 'small business bailouts'? I'm not sure what you're referring to.

    Empathy is 'a selling point' of communism and socialism. In the end, it's the exact opposite of what you get. Where's the compassion in China, Venezuela and Russia? 

    You're done wit facts cougar, that's about it. 

    Hitler showed a lot of empathy to gain his power and look how that turned out........Be very careful about people that use empathy and emotions on strangers!!!!!

  14. 2 hours ago, wxman52 said:

    I am going to make a general comment as I havent read through all this thread. I agree that the country we have turned into is an embarassment to me. The fiscal imprudence of the Federal government is beyond my worst nightmares and I am pretty pessimistic at most times. But the number..350 billion possibly ending up at 500 billion deficit this year alone..and likelty 100-200 billion next year. The numbers are staggering..its 50 percent added to the national debt in less than a year and for what???

     A virus that frankly is not that deadly to the vast majority of people..in fact most people have pretty benign symptoms no worse than cold or regular flu. Yes it affects the elderly worse and others with health issues but why lock down all of society? We should have put all the resources into protecting the vulnerabler from day one..ie the nursing homes. We probably could have put 30 billion dollars into thes facilities right away to hire more staff..keep them out of multiple centres..proper training and supervision and protocols..better pay and equipment and we would have cut the number of deaths by 50 perecent or more and we could have kept most of the economy running and hence not spend a fortune paying people not to work and even encourage them not to work. 

    Now Canadians love this..free money..they dont need to work..working from home..but what a cost..this debt will cost far more to our society over decades both in terms of peoples health and lives but also there standard of living. How will we fund our already poor health care system with all this new debt..how will we pay for all these social programs..how will we aviod not increasing taxes sky high hence reducing people living standards..these all will kill people. The COVID response will clearly kill more people over the longer term than we saved from COVID. 

     

    What do you expect from Government.....The sad thing is people blame everyone and everything except the ones that are responsible. Who was the scapegoat Sweden attacked like a pack of wolves. anyway people think all this spending won't effect them But it will in very sophisticated ways like interest rates staying low so the government can borrow cheaply but no one can earn any type of return for money saved. For what so we can depend on the Feds for retirement.....The Broke feds...this will end badly guaranteed.

  15. 9 hours ago, cannuck said:

    As long as the Greenback maintains hegemony, too many governments hold instruments denominated in USD to allow it to be destroyed.  The debt of the US is so large, the banks that own Wall Street and the Fed will not let interest rates rise as it would kill the US.  Once again,we get to take a free ride on Uncle Sam's coat tails.

    They will do everything they can to not let it happen, But it will happen......Stage one was lowering interest rates to zero....stage two is QE....stage 3 is printing money.....The first hint that something was wrong was when they tried to raise interest rates last year and the economy went quickly into reverse.....They will keep printing until they can,t no more.....Anyone holding US dollars outside the US will get slaughtered!!!!!

  16. 11 hours ago, Michael Hardner said:

    1. It doesn't include income tax.  EI and CPP are not taxes, but even if you consider them so then the onus is on you to show why you say they are increasing over time.
    2. Ok - which government is raising tax rates ?  Which province ?
    3. Where did you get that ?  Back it up.

    1917: Finance minister Sir Thomas White introduced “temporary” corporate and personal income taxes to finance the war effort.

    1943: Finance minister J.L. Ilsley introduced “pay as you earn” measure, where employers deduct employees’ projected taxes from their paycheques.

    The rest is history...up up up.....

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  17. On 8/14/2020 at 5:09 PM, WestCanMan said:

    I go through the yahoo site quite a bit when I log in to one of our email accounts, they have their news items there. It's usually fluff stories about celebs and the typical disinformation that you get on CTV and CNN, like a one-stop shop for leftists.

    Today they had an article on there saying that C19 is worse than the Spanih Flu in some ways. I skimmed thru it, there was something about how the death rate per 100K in NYC quadrupled with C19 in the peak months and it had only tripled with Spanish Flu, but that's a weak indicator compared to all the things that made Spanish Flu stand out.

    Anyhoo, these left-leaning "news" sources all tend to get their marching orders from the Dems, so this could be a sign that the leftists are trying to get the C19 hysteria whipped back into a frenzy. I don't know if it's to heighten the perceived need to get everyone vaccinated, to help convince Americans to allow mass-scamming mail ballots, to boost the sales of Remdesivir, or to crank up the lockdowns to curtail economic growth, but whatever it is, if leftist media is behind it, it's definitely bad for North America.

    A ramping up of C19 hysteria is something to lookout for imo. 

    They are trying to convince Americans to vote for Biden.....

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