Moonbox

If you already see it that way, it only gets worse with PR. As it stands, the big urban areas are under-represented on a per-capita basis, by a lot.

Five years from now? If it does happen, I'll certainly be surprised, but I'm not sure why I'd be outraged... In the meantime, you keep rooting for the dictatorships and the communists. ?

Making it happen? Maybe? In a few years? The likelihood that 15-20 countries with wildly diverging interests (and in many cases completely opposing ones) will be able to settle their differences in the near-term and come together on this is...unlikely. Either way doesn't help Russia today, so back to the original point: they care. ?

BRICS isn't gold-based, lol. A gold-backed multi-lateral trade currency is aspirational, and setting it up would take years. Global players have been talking about doing it since the 1960's. Russia is still squabbling with India, for example, on not wanting to be paid in rupees for all of the cheap oil that India is importing, and nobody wants to hold rubles. So...yes. They care. Russia's trade with the BRIC group is less than 25% of what crosses the Canada US border every year.

Everywhere else. We're part of a global economy. When prices for globally traded goods and commodities rise, as they did in 2022, prices go up in Canada as well. If we're talking stupid, let's look at the angry muppet who can't grasp this very basic relationship.

The Ukrainian refugees that Russia is forcing out of their homes? Yeah. That's why they care so much, and that's why those closest to the Russian border are the countries giving the most aid to Ukraine (proportionally).

JuStIN CaUSeD the inFlatIon. ?

A lot of that is just not enough people to do the work. The contractors offer dumb prices to people because they're already busy and don't need the work. If someone wants to grossly overpay they'll do it, otherwise they don't really care. Things like lumber are more expensive now, but that's not the main thing driving up costs. On a 2000 sq foot home in Ontario, lumber costs maybe bumped prices up by $60,000 per home, max. That's assuming folks are paying 2.5x the lumber cost that they did before 2020.

Actual violence, rather than just words would be more the bottom, but it can go even further than that. History has shown us what the actual bottom is, and we're not there yet.

This is how it ends, or just how it progresses? It's a race to the bottom.

The only thing they're deciding is whether or not they supply weapons to Ukraine. It's the Ukrainians who decide how long they fight, and whether they negotiate. As for the US, barring a potential Orange Man return in 1.5 years, the US is seeing its traditional foe humbled and humiliated for pennies on the dollar and without a drop of american bloodshed. 1.5 years from now, Russia is only going to be weaker, while Europe (who are even more interested in the conflict than the Americans) are re-arming and could pick up a lot of the slack.

The genius quote that keeps on delivering: ?? Here's what's actually funny though: Nobody is reading these back-and-forth exchanges except for you and me. Your clueless natter and your bizarre performances aren't being observed. Endlessly trying to insist to people you're debating against that they're having hissy fits is a weird. They're just in your head, and it's a mystery who you think you're convincing. My guess? You're just trying to convince yourself. ?

Your bizarre insistence on inventing and projecting temper tantrums and emotionality on others merely shows what's going on in your angry little head. Nobody said it was? Once again, you're making stuff up to argue with yourself. ?

Your compulsion for making things up and cluelessly blustering, more so. He admitted his predictions were wrong, and he explained why. That's it, and nobody here denied that. ? What he didn't do, as you kept claiming, was say that he should have known better, or that he'd promised/guaranteed anything. The unfortunate thing for you is that I did not do any of the things you said I did, tongue in cheek or not. We can make it easy on you and just ask you to show just one of them. Show me where I blamed inflation on Harper. He was only mentioned two posts ago, so it should be pretty easy. Oops, you can't. Your pants are on fire. Tell me more about how I'm absolutely freaking out though...that's always good entertainment. ?

Wasn't me. ? Power comes in different forms and from different places. Jeff Bezos and Elon Musk are quite happy, I imagine, with how the capitalist system is working.

LOLOL indeed! No vanishing is required when you make it up and/or pretend something it's not! Your compulsion for bullshitting is once again on display. I rejected your characterization of borrowers and speculators as "victims", but I'm the one "crybabying"! ? Oof. I never did anything of the sort. That bolded part? Absolutely, totally and utterly made-up nonsense. 1. I never denied what was said, but rather your dimwitted interpretation of it (ie the promises that you were never made). 2. I definitely never said the BoC doesn't set interest rates. You're making up arguments to debate against....again! 3. Where did I blame inflation on Harper? Once again, you're arguing with yourself. ??

Yep. It's not there! Nope, because what you're linking isn't what you're saying it is. ? Then why are you complaining about what Tiff did or didn't promise? ? If he promised, as you claim, and didn't keep that promise, then he lied, which would be the same with Harper.

Is that a rhetorical question? The answer is zero. ?

Especially true in Canada. Good thing we gutted the CRA years ago. ?

I agree with it being wrong for Canada, but not necessarily wrong on its own. In a less geographically and/or ethnically diverse country (like we see in Europe) it can make more sense. As a giant country with huge geographical separation and wildly different priorities, it would be lousy. Make Canada PR and the country would be run by the Greater Toronto, Montreal and Vancouver areas, with the anything in between and outside of that having a greatly diminished voice.

It's even more questionable to assess the net-worth of dictators in police states, on account of the blurred distinction between the dictator's assets and the state's. Either way, I think talking about communism is pretty silly in this context.

If he literally did, then you could literally quote him apologizing, rather than just explaining what he got wrong. Worse, however, is your ridiculous claim that the said he should have known better, which is literally a lie. I claimed that you have a middle-school understanding of economics, and I was being generous. Any meaning beyond that is made up, so here you are again, arguing with yourself. ? It doesn't matter. The BoC's mandate is to manage inflation, not the butthurt of angry dweebs. No doubt some people made decisions based on central banking guidance, but unless they're buffoons they did so knowing there were no guarantees. It's unfortunate, but not unfair. I remember debating with you some months ago about how you figured Stephen Harper never lied to Canadians. As an example of him doing so, I brought up the Income Trusts. Before he was elected PM, he claimed he'd not mess with Income Trusts. Shortly after being elected, he gutted them. According to you, that wasn't a lie. If we apply your logic to this argument, good 'ol Tiff is off the hook, but even more so because at least he made his claims with no knowledge of what 2022's economy would bring. Harper and his team had full access to all the info needed to assess Income Trusts. Once again, your clueless partisanship and hypocrisy is on full display. ?

Elon Musk, Bill Gates, Larry Ellison, Berny Arnault, Warren Buffet, Jeff Bezos etc are the richest men in the world.

Your desperation is obvious, but all you've posted is his explanation of what he and the BoC got wrong, and you certainly can't provide any quotes saying he should have known better, as you ridiculously claimed. Nobody said they don't set interest rates. They just don't control global economics. They can't stop global commodity prices from spiking. They can't stop the USA from raising their interest rates. They can't stop China from closing down its economy etc. All of these things and more cause prices to rise, and they have to adjust accordingly. Stop...please. I just can't...?

Economics aren't a perfect science. They never have been, they never will be, and nobody ever has or ever will be able to make guarantees about anything. Macklem's language doesn't somehow change that, nor does your amusing attempt to redefine words. He didn't "promise" anything, nor did he "apologize" after the fact. He made forecasts, and acknowledged they turned out wrong, in hindsight. Your middleschool view of central banking guidance is cute, but dumb. If you took his statements as anything other than his prediction/intention, you're a fool. When the global supply chain broke down and when global commodity prices spiked after the Russian invasion, the Bank had to update their models and strategy. The alternative you're suggesting is that they let prices spiral out of control, watch our currency devalue as capital exits Canada to find more attractive rates in the US etc, and that we just pretend we're in a bubble or something. "YOu can't raise rates! You said they'd stay looooooow! ?".