Get ready Red Hats. Your Jesus is about to crash the dollar

[CrakHoBarbie]

2 hours ago, CdnFox said:

 

. The FED winds up buying its own bonds. While foreign investment helps the reality is is it's not required for quantitative easing

 

The problem being that the fed buying its own bonds artificially lowers borrowing costs, risks inflation/devaluation, distorts market signals, because its funding our own debt with more debt.

while foreign investment is an external market for those bonds.

How long do you think we can be funding our own debt, creating more money to buy our own debt before Mr. Devaluation comes a calling?

 

You appear to have rose colored glasses when discussing our money supply, that donald is quite literally f**king with his tiny diapered pee pee.

 

Edited February 9 by CrakHoBarbie

[User]

57 minutes ago, CrakHoBarbie said:

You appear to have rose colored glasses when discussing our money supply, that donald is quite literally f**king with his tiny diapered pee pee.

If his glasses are rose colored, you have yours stuck in a pile of crap. 

 

[CdnFox]

2 hours ago, CrakHoBarbie said:

The problem being that the fed buying its own bonds artificially lowers borrowing costs, risks inflation/devaluation, distorts market signals, because its funding our own debt with more debt.

 

Those are legitimate risks. Make no mistake, I am against quantitative easing generally speaking. And there are many legitimate things to criticize about the current economic policy, but what you said before was inaccurate.

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while foreign investment is an external market for those bonds.

Which is great but the effect of those markets are controled through quantitative easing, And as I pointed out those people are still buying lots of bonds or the bond interest rates would be going up. 

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How long do you think we can be funding our own debt, creating more money to buy our own debt before Mr. Devaluation comes a calling?

Well that's always the million dollar question. It's one a fair number of countries are asking themselves right now

The US is an anchor economy. That's going to let the Americans get away with a lot more than other countries would be able to in that regard.

But the obvious answer is not forever.

The theory that trump seems to be operating under is that he will somehow supercharge the economy to the point where tax revenues will shoot up and there will be no need to worry about the deficit because the budget will balance itself. We had a guy like that running Canada for the last 10 years and it caused problems 😁 

Time will tell if trump is correct or not. The economy is doing fairly well under him but not well enough to justify the amount of money he's borrowing currently, Eventually something will have to be done about that

 

 

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You appear to have rose colored glasses when discussing our money supply, that donald is quite literally f**king with his tiny diapered pee pee.

No I just know what I'm talking about and I know what you were talking about is nonsense.

As I have said there are significant issues that are legitimately worth criticizing about trump's current policies but the ones you brought up were not real

I would point out that if you were to go back and look at my comments in February and March I was the one suggesting that by this time I expected to see the economy actually and slightly worse condition and inflation slightly higher than it is right now because I felt his policies would be a drag on the economy more than they have been. So it's not like I've been cheering him on.

 

[eyeball]

4 hours ago, CdnFox said:

The US is an anchor economy.

An anchor that's dragging is no anchor at all. And once the tide carries you off the edge you're truly adrift.

[CdnFox]

39 minutes ago, eyeball said:

An anchor that's dragging is no anchor at all. 

It isn't. It's still a world economy anchor currency. No drag. They are well set

This isn't going to turn into a danforth vs bruce argument is it  

[eyeball]

11 minutes ago, CdnFox said:

It isn't. It's still a world economy anchor currency. No drag. They are well set

This isn't going to turn into a danforth vs bruce argument is it  

No, I've used both and I like to add half a shot of boom chain for good measure.

When you're in as deep as the US however the bigger issue is scope.

[CdnFox]

16 minutes ago, eyeball said:

No, I've used both and I like to add half a shot of boom chain for good measure.

 

Obviously. 

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When you're in as deep as the US however the bigger issue is scope.

To a degree and as i mentioned there is a limit but if you are a global anchor currency, as the us dollar is it does give you a lot more latitude than countries would normally have.

But it can't last forever, any more than our own debt can which is getting pretty horrible. 

[eyeball]

1 minute ago, CdnFox said:

To a degree and as i mentioned there is a limit but if you are a global anchor currency, as the us dollar is it does give you a lot more latitude than countries would normally have.

Yeah well you should always be wary of anchoring to closely downwind of someone else, especially when they're a lot bigger and there's no way to know if they're maintaining an anchor watch.

7 minutes ago, CdnFox said:

But it can't last forever, any more than our own debt can which is getting pretty horrible. 

We still have the better debt to GDP ratio 50% vs 120% in the US.

Sometimes just running a couple miles outside the fleet and drifting works.

[CrakHoBarbie]

7 hours ago, User said:

If his glasses are rose colored, you have yours stuck in a pile of crap. 

 

Derp.

 

 

As usual. 

[CrakHoBarbie]

6 hours ago, CdnFox said:

Those are legitimate risks. Make no mistake, I am against quantitative easing generally speaking. And there are many legitimate things to criticize about the current economic policy, but what you said before was inaccurate.

Which is great but the effect of those markets are controled through quantitative easing, And as I pointed out those people are still buying lots of bonds or the bond interest rates would be going up. 

Well that's always the million dollar question. It's one a fair number of countries are asking themselves right now

The US is an anchor economy. That's going to let the Americans get away with a lot more than other countries would be able to in that regard.

But the obvious answer is not forever.

The theory that trump seems to be operating under is that he will somehow supercharge the economy to the point where tax revenues will shoot up and there will be no need to worry about the deficit because the budget will balance itself. We had a guy like that running Canada for the last 10 years and it caused problems 😁 

Time will tell if trump is correct or not. The economy is doing fairly well under him but not well enough to justify the amount of money he's borrowing currently, Eventually something will have to be done about that

 

 

No I just know what I'm talking about and I know what you were talking about is nonsense.

As I have said there are significant issues that are legitimately worth criticizing about trump's current policies but the ones you brought up were not real

I would point out that if you were to go back and look at my comments in February and March I was the one suggesting that by this time I expected to see the economy actually and slightly worse condition and inflation slightly higher than it is right now because I felt his policies would be a drag on the economy more than they have been. So it's not like I've been cheering him on.

 

Fair enough.

My antidonald zeal was a tad over the top.

I still believe donalds "America First" policies, the threats of annexation by force, the erratic tariff debacle, the bullying,  the coercion,  all these things are speeding up our loss of the petro dollar and dollar domination. 

How could they not?

[CdnFox]

11 hours ago, eyeball said:

Yeah well you should always be wary of anchoring to closely downwind of someone else, especially when they're a lot bigger and there's no way to know if they're maintaining an anchor watch.

Well that's what you get when you hire a captain who thinks that anchors balance themselves.   

 

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We still have the better debt to GDP ratio 50% vs 120% in the US.

Sadly, no .

As of late 2024–2025, Canada’s total consolidated government gross debt (including federal, provincial, territorial, and local governments) is estimated to be between 107% and 113% of GDP. This puts Canada in the top tier of indebted G7 nations, with a total debt burden that has risen significantly over the last decade. 

Many economists have written that the "event horizon' for such debt is between 100 and 120 percent.  after which recovery becomes severely difficult. The exception is japan for various reasons but most feel their day is coming pretty quick too.

This is why the PBO said that we're at 'the breaking point' and much more and 'things are going to break and stop working" the way they should. 

The us total is somewhere around 140 (a little harder to measure.)  Which would be crippling to anybody else but because they're an anchor economy and an anchor currency the impact is lessened

But even so you can see in their economy where this is already beginning to have an impact. 

Now we've got a triple threat to deal with. Our own debt to gdp is getting very close to crippling us.  That severely impacts our economy. The us, our biggest trading partner, is also hurting their economy with debt and that will wind up impacting us because they're our biggest trading partner.  And then we've got the tariff threat and you can bet. that as the us economy slows in the future (and at some point it will, it always does) then we'll feel that pinch even more as the us turns to 'buy america' even harder. They always do in a downturn. 

Harper spent his time getting new trade deals, more than any other prime minister. Justin added none of consequence and actually lost a few, and the one harper deal that was 4/5th done when he took over he screwed up so it's of little value to us anyway. 

[eyeball]

22 minutes ago, CdnFox said:

As of late 2024–2025, Canada’s total consolidated government gross debt (including federal, provincial, territorial, and local governments) is estimated to be between 107% and 113% of GDP. 

$10 says you're comparing US federal to our total consolidated debt.

How do you explain the 60% jump from our federal debt ratio of 50% to around 110% but the US only jumps 20% from 120% to 140%?

Figures lie and liars figure?

[CdnFox]

3 hours ago, eyeball said:

$10 says you're comparing US federal to our total consolidated debt.

Well you lose $10 and you get a smack in the head cuz I was very specific. You yourself said it's only 120 for the FED debt

I know English and math aren't your strong suits but for god's sake, how dumb do you have to be to accuse me of something that I actually addressed dead on

3 hours ago, eyeball said:

How do you explain the 60% jump from our federal debt ratio of 50% to around 110% but the US only jumps 20% from 120% to 140%?

The states don't carry the kind of debt our provinces do. There are a number of reasons for that. Remember that the number one cost provinces is medical coverage and the Americas just don't have that same cost burden.  And one of the largest expenses to the federal government is the military and we don't spend anywhere near what they do.

Now it can get a tiny bit complicated like I said to calculate all of the state amounts and compile it and most people don't bother because it is a smaller amount but the figure I gave It's pretty close

Every time I think it might be worth having an intelligent conversation with you you wind up behaving like a complete jackass like this.

So now that you know you were being dumber than a stump, getting back to the conversation we are in pretty damn bad shape and while the US is definitely in worse they have a little bit of wriggle room because of the nature of their economic status

 

[eyeball]

4 minutes ago, CdnFox said:

Now it can get a tiny bit complicated like I said

I know, like I said, figures lie and liars figure. You shouldn't take it too personally though I don't take any governments accounting without a big pile of salt.

6 minutes ago, CdnFox said:

we are in pretty damn bad shape and while the US is definitely in worse they have a little bit of wriggle room because of the nature of their economic status

I think their wriggle room is really just due to the latitude of a global financial system that's becoming increasingly desperate.

The thing about an anchor is that you can't see it and there's always an element of faith that it's doing it's job.

 

[CdnFox]

17 minutes ago, eyeball said:

I know, like I said, figures lie and liars figure.

 

Well you lie and that figures so I guess you're sort of right?   

You should take it personally. Everyone thinks you're a liar. That's about you

18 minutes ago, eyeball said:

I think their wriggle room is really just due to the latitude of a global financial system that's becoming increasingly desperate.

The thing about an anchor is that you can't see it and there's always an element of faith that it's doing it's job.

 

Well not really. While it's true that confidence in an economy is important and plays a role there are very real and practical elements to why the united states dollar is considered anchor currency

And we can receive the results of that daily. The interest rates are not skyrocketing, interest in and investment in America is still very strong, etc etc etc

It's not a golden fleece. But it lets them get away with more than we would be able to get away with without having a crash

But both of us are beginning to tear on the edge. We have more debt than we can handle, and not even this Bare Bones of a plan to get back to break even the US is kind of starting to get into the same boat

[eyeball]

12 minutes ago, CdnFox said:

You should take it personally. Everyone thinks you're a liar.

No, that's just you people and very few take you seriously never mind personally.

14 minutes ago, CdnFox said:

But both of us are beginning to tear on the edge. We have more debt than we can handle, and not even this Bare Bones of a plan to get back to break even the US is kind of starting to get into the same boat

And it's adrift...at the mercy of wind and tide...and faith.

And don't forget we'll still need to bankroll our adaptation to climate change.

[CdnFox]

32 minutes ago, eyeball said:

No, that's just you people and very few take you seriously never mind personally.

When you say 'you people' you mean humans. 

True as far as i know. The dog might still believe you. 

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And it's adrift...at the mercy of wind and tide...and faith.

It isn't. We can see that. Whether it's going to continue to be solid is more of a question But at this point in time It's still pretty solid

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And don't forget we'll still need to bankroll our adaptation to climate change.

Sorry kid you spent that money over the last 10 years with the carbon tax. Not a lot of cash left for adaptation. The children will have to suffer with what they have

[eyeball]

3 minutes ago, CdnFox said:

When you say 'you people' you mean humans.

I don't know maybe 'you people' means sub people. Anyway I thought it was one of you people who started throwing the term around first.

It's just a habit really, not unlike when you call someone a lefty. It's so automatic it's pretty much devoid of anything personal.

5 minutes ago, CdnFox said:

It isn't. We can see that. Whether it's going to continue to be solid is more of a question But at this point in time It's still pretty solid

You also just said we're tearing on the edge...so are we talking about an anchor out on the continental edge 40 miles offshore or just upstream of Niagara Falls?

12 minutes ago, CdnFox said:

Sorry kid you spent that money over the last 10 years with the carbon tax. Not a lot of cash left for adaptation. The children will have to suffer with what they have

No, the intent of carbon taxes were to avoid climate change. The cash is still there given how much went straight back into the economy thru rebates to lower income earners. You people said fùck that adaptation is the way to go. So now it's your turn to deliver. 

Sorry kids.

[CdnFox]

1 hour ago, eyeball said:

I don't know maybe 'you people' means sub people.

There aren't any people more 'sub' than you.  You're looking up  

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Anyway I thought it was one of you people who started throwing the term around first.

Yes, history clearly records that it was 'my people" who first put the words "you" and "People" in consecutive order. 🙄🙄🙄

I don't know why you're like this, but someone should probably be sued. 

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You also just said we're tearing on the edge...so are we talking about an anchor out on the continental edge 40 miles offshore or just upstream of Niagara Falls?

If you haven't slipped your anchor, but you might in the future, then right now you haven't slipped your anchor.

I thought you claimed you knew how boats work?

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No, the intent of carbon taxes were to avoid climate change. 

No the intent of the carbon taxes were to create additional taxes for Canadians the liberals to use to try and offset their massive deficits.

Know how we can tell? 1) It did bugger all for changing climate change and 2) they spent lots of effort tracking the money collected, but not a SINGLE DIME OR OUNCE OF EFFORT TRYING TO TRACK IT"S EFFECT ON CLIMATE CHANGE. 

You spent 10 years blowing our money to line the liberals pockets with absolutely no benefit or effect that is in any way shape or form meaningful.

So that money's gone. You blew it. Now we don't have it and we don't have any laying around thanks to the deficits