Army Guy Posted August 20, 2022 Report Share Posted August 20, 2022 8 hours ago, Moonbox said: Farmers around the world have been abusing poor farming practices for years and their crying about fertilizers is based on only wanting to plant the same cash crops over and over rather than rotate their fields properly. I live in an agi community and this isn't near the catastrophe they make it out to be. Canada is actually not even that bad of an offender. The targets are for 2030 and they're still in the consultation phase. I agree here, but their mistakes have mostly been handling the pipeline file and not getting oil to the market. Sure they knew, but there's nothing they can do about it. Raising interest rates doesn't increase chip production in Taiwan, but it might make it harder for US manufacturers to make their own chips to help ease it. There are always winners in even the worst markets. I'm not sure what you think this proves... No, because natural target inflation is between 1.5-3%. Maybe quote the PBO here because I don't really understand what you're talking about. Even the central bank says they didn't act soon enough. Inflation was worse than expected. It happens. They don't always get it right and they never get it perfect. Usually they error on the opposite side, raising rates before they should and shocking the economy into premature and unnecessary recession. Sorry thats a lot of excuses, we can't paint every farmer with the same brush, cutting 30 % of all fertilizers is a steep price to pay when farmers are not the ones making themselves rich, and right now and for the foreseeable future prices on everything are going to only get worse, So why not wait until the economy gets better, don't tell me it is becasue we are in a climate crises that we need to act now not later. today it was set to 2030 but everything about this climate crises has changed on short notice, this could be changed in a heart beat. And it stuns me that they choose to mess with the food supply which is only growing not shrinking, not only bad economical sense, but just a bad decision all around. Not to mention strangling new drilling permits, restricting amount pumped out of the ground, and riding this climate change file like it was the last horse in the rodeo when there was a million things we could have done to atleast made it look like a crises. My point was that the US government took action to address this huge issue, we still have not started to make our medicine that is critical, or medical machines as promised, we have made some PPE that was made but not any more, and we have not replaced our national emergency stocks. not much progress was made on the covid after action reports. So the government is responsible for 3 % of the inflation thats a lot, but have done really nothing to bring that number down, no action is just as bad as taking the wrong steps. CERB and keeping business afloat did not end up costing the entire 600 plus billion, more like half of that but there is no real record on where the other money went. That is not OK... It is a tough job, and they get paid well i assume, but they do get paid to keep inflation between 2 and 3 % right...that is their mandate right. 2 1 Quote Link to comment Share on other sites More sharing options...
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.