Throne Speech.

[Twisted Canuck]

Nice Throne Speech. They forgot to mention the last person leaving the energy sector needs to turn the lights out. Pretty much what I expected. Pious, self congratulatory, sanctimonious, and completely detached from reality.

Oh yeah. And "pandemic spend pandemic equitable covid unprecedented invest pandemic green crossroads support Canadians covid spend spend covid''.

Yay, Canada. Jesus wept.

[markg]

I just loved the CBC coverage. That chart showing us that we are all going to die in October / November was classic.

(thats why they call it Television Programing)

I also loved that Trulander is telling us that we wont get to celebrate Thanksgiving but if we are good little slaves he might let us have Christmas

[Twisted Canuck]

If there was ever a movie scene that was the perfect metaphor for JT running the country....this would be it.

https://youtu.be/RnXF3u1Pfb0

[barbless]

I had to stop after the first 45 min of nothing but covid drivell. They mentioned all kinds of provinces from the east to Sask. and that's where it stopped. Their idea of creating manufacturing jobs is to have all work making masks and other PPE. Maybe I didn't listen long or hard enough but nothing about letting the energy sector help bring Canada back to prosperity. Some of the shots of Sparkle Socks looked like he was ready to fall asleep. All that verbal diarrhea they spurt out was hoping to steer our minds away from the WE scandal and all the swept under the rug illegal goings on. Good job PM

[Grizzly Adams]

"Low interest rates mean we can afford it. " Trudeau must have missed that financial management course posters here were arguing about.

Grizz

[JustBen]

Originally Posted by Grizzly Adams

"Low interest rates mean we can afford it. " Trudeau must have missed that financial management course posters here were arguing about.

Grizz

Low interest rates are only good if you can pay it off before they go back up.

But considering most people only care about the monthly payment and have no understanding of basic finances, I'm not surprised. Nor do I think this will cost him votes now or in the future.

[lmtada]

Yup here we are!

This is NOT a joke. Just something to think about. You will appreciate the final statement.
A thought to remember, Marx said, “Remove one freedom per generation and soon you will have no freedom and no one would have noticed.”

There was a professor in a large college that had some exchange students in the class which was in the lab, the professor noticed one young man, an exchange student, who kept rubbing his back and stretching as if his back hurt. The professor asked the young man what was the matter.
The student told him he had a bullet lodged in his back. He had been shot while fighting Communists in his native country who were trying to overthrow his country’s government and install a new communist regime.
In the midst of his story, he looked at the professor and asked a strange question. He asked: “Do you know how to catch wild pigs?”

The professor thought it was a joke and asked for the punch line.

The young man said that it was no joke. “You catch wild pigs by finding a suitable place in the woods and putting corn on the ground. The pigs find it and begin to come every day to eat the free food.
When they are used to coming every day, you put a fence down one side of the place where they are used to coming. When they get used to the fence, they begin to eat the corn again and you put up another side of the fence.
They get used to that and start to eat again. You continue until you have all four sides of the fence up with a gate in the last side. The pigs, which are used to the free corn, start to come through the gate to eat that free corn again. You then slam the gate on them and catch the whole herd.
Suddenly the wild pigs have lost their freedom. They run around and around inside the fence, but they are caught. Soon they go back to eating the free corn. They are so used to it that they have forgotten how to forage in the woods for themselves, so they accept their captivity.”
The young man then told the professor that is exactly what he sees happening in America & Canada. The government keeps pushing us toward Communism/Socialism and keeps spreading the free corn out in the form of programs such as supplemental income, tax credit for unearned income, tax exemptions, tobacco subsidies, dairy subsidies, payments not to plant crops (CRP), welfare entitlements, medicine, drugs, etc., while we continually lose our freedoms, just a little at a time.

One should always remember two truths:
There is no such thing as a free lunch, and you can never hire someone to provide a service for you cheaper than you can do it yourself.
If you see that all of this wonderful government “help” is a problem confronting the future of democracy in America & Canada, you might want to share this with your friends.
If you think the free ride is essential to your way of life, then you will probably not share this.
BUT, God help us all when the gate slams shut!

Quote for today: “The problems we face today are there because the people who work for a living are now outnumbered by those who vote for a living.”

[Wolftrapper]

I'm just guessing, but I don't think Turdo had that CALM course or other finance courses in school either.

[glen moa]

A lot of talk about doing good. Already been in for five years. Can I get a list of the good already done?
Nothing?

And I don’t understand green Canada. Because if the rest of the world is polluted what good does it do? Go tell China to go green.

[Twisted Canuck]

The speech wasn't about doing or saying anything new. It was about shutting parliament down so the committees couldn't investigate WE anymore, because it was killing him in the polls. The best comment I've seen so far about this is from Pierre Pollievre...

[AndrewM]

Originally Posted by Wolftrapper

I'm just guessing, but I don't think Turdo had that CALM course or other finance courses in school either.

He is spending our own money on us and yet people vote for him! He was born rich and bet he still is. Wish I took the course he did!

[Outbound]

I look forward to hearing Kenney's response. I dont' have much hope it'll be much more than federalist boot licking though. Probably something nutless like "We disagree with the premise of the speech, but we will attempt to work with the federal gov in order to find a solution that works for Albertans and all Canadians."

[KC1]

Originally Posted by lmtada

Yup here we are!

This is NOT a joke. Just something to think about. You will appreciate the final statement.
A thought to remember, Marx said, “Remove one freedom per generation and soon you will have no freedom and no one would have noticed.”

There was a professor in a large college that had some exchange students in the class which was in the lab, the professor noticed one young man, an exchange student, who kept rubbing his back and stretching as if his back hurt. The professor asked the young man what was the matter.
The student told him he had a bullet lodged in his back. He had been shot while fighting Communists in his native country who were trying to overthrow his country’s government and install a new communist regime.
In the midst of his story, he looked at the professor and asked a strange question. He asked: “Do you know how to catch wild pigs?”

The professor thought it was a joke and asked for the punch line.

The young man said that it was no joke. “You catch wild pigs by finding a suitable place in the woods and putting corn on the ground. The pigs find it and begin to come every day to eat the free food.
When they are used to coming every day, you put a fence down one side of the place where they are used to coming. When they get used to the fence, they begin to eat the corn again and you put up another side of the fence.
They get used to that and start to eat again. You continue until you have all four sides of the fence up with a gate in the last side. The pigs, which are used to the free corn, start to come through the gate to eat that free corn again. You then slam the gate on them and catch the whole herd.
Suddenly the wild pigs have lost their freedom. They run around and around inside the fence, but they are caught. Soon they go back to eating the free corn. They are so used to it that they have forgotten how to forage in the woods for themselves, so they accept their captivity.”
The young man then told the professor that is exactly what he sees happening in America & Canada. The government keeps pushing us toward Communism/Socialism and keeps spreading the free corn out in the form of programs such as supplemental income, tax credit for unearned income, tax exemptions, tobacco subsidies, dairy subsidies, payments not to plant crops (CRP), welfare entitlements, medicine, drugs, etc., while we continually lose our freedoms, just a little at a time.

One should always remember two truths:
There is no such thing as a free lunch, and you can never hire someone to provide a service for you cheaper than you can do it yourself.
If you see that all of this wonderful government “help” is a problem confronting the future of democracy in America & Canada, you might want to share this with your friends.
If you think the free ride is essential to your way of life, then you will probably not share this.
BUT, God help us all when the gate slams shut!

Quote for today: “The problems we face today are there because the people who work for a living are now outnumbered by those who vote for a living.”

Nice post
Something to "meditate " on for today.
Thanks.

[huntinstuff]

.......

[huntinstuff]

I agree with the pig story

[KC1]

Once read a story about a farmer who had 2 cows, that explained the difference between capitalism, socialism, communism and fascism.
Does anyone know the story or where to find it?
Remember capitalism: sell 1cow, buy bull,so you can start selling a calf and sell milk
Socialism: give one cow to the neighbor, etc.
Can anyone help me out with the rest of the story?

[Twisted Canuck]

Originally Posted by Outbound

I look forward to hearing Kenney's response. I dont' have much hope it'll be much more than federalist boot licking though. Probably something nutless like "We disagree with the premise of the speech, but we will attempt to work with the federal gov in order to find a solution that works for Albertans and all Canadians."

Sounds just like him.

[Bigwoodsman]

Originally Posted by Outbound

I look forward to hearing Kenney's response. I dont' have much hope it'll be much more than federalist boot licking though. Probably something nutless like "We disagree with the premise of the speech, but we will attempt to work with the federal gov in order to find a solution that works for Albertans and all Canadians."

Jason is that you? Are you putting out some corn just to get us comfortable with the screwing Alberta’s going to get?

BW

[TreeGuy]

Watching the throne speech today was incredibly reminiscent of a certain episode of ‘Married With Children’. Al was greatly dismayed that he kept being rejected for a credit card. He became downright agitated when they sent one to Buck the dog unsolicited. It soon dawned on the Bundy family that they could use this CC unabated under the naive notion that it wasn’t their money and thus wouldn’t have to pay the bill or face any consequences. Of course the fools immediately commence a lavish shopping spree which predictably comes to an unhappy end.

Sound familiar? The point? Canada is being run by someone on the same intellectual plane as Kelly Bundy.

God help us.

Tree

PS. Another upvote on the pig story. Lol


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[raab]

If you understand modern monetary theory the spendings not the issue. Actually its impossible to pay off the debt and have any money in circulation. The problem comes when they have to raise taxes to a very elevated level to control inflation. People then lose any motivation to work as most of their pay is going to the government. After that productivity falls resulting in even more inflation as theres less production. With hyper inflation people lose confidence in the money and resort to a bartering system, completely collapsing the economy. It's my opinion that its not a matter of if this happens, but when with Trudeau printing 400B dollars and no end in sight.

[TreeGuy]

Originally Posted by raab

If you understand modern monetary theory the spendings not the issue. Actually its impossible to pay off the debt and have any money in circulation. The problem comes when they have to raise taxes to a very elevated level to control inflation. People then lose any motivation to work as most of their pay is going to the government. After that productivity falls resulting in even more inflation as theres less production. With hyper inflation people lose confidence in the money and resort to a bartering system, completely collapsing the economy. It's my opinion that its not a matter of if this happens, but when with Trudeau printing 400B dollars and no end in sight.

Huh? No offence, Raab but this post is utter nonsense.

Tree


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[HunterDave]

Lose confidence? The underground economy is thriving......or so I’ve heard.

After four years of cavalier spending during the good times, now when spending is important to keep the economy afloat, it’s coming back to bite us in the arse. To top it off, now Justin is promising Universal Daycare. Where do people think that the money is going to come from to pay for the debt let alone government subsidized daycare for everyone? Justin needs the support of the Dippers and they want Guaranteed Income Supplement......even more expenditures. Does anyone think that taxes, in one way or the other, aren’t going to increase significantly?

If you aren’t using the underground economy it’s going to get to the point that it’s not even worth having a real job and paying your taxes.

[raab]

Originally Posted by TreeGuy

Huh? No offence, Raab but this post is utter nonsense.

Tree


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How so?

[raab]

Originally Posted by HunterDave

Lose confidence? The underground economy is thriving......or so I’ve heard.

After four years of cavalier spending during the good times, now when spending is important to keep the economy afloat, it’s coming back to bite us in the arse. To top it off, now Justin is promising Universal Daycare. Where do people think that the money is going to come from to pay for the debt let alone government subsidized daycare for everyone? Justin needs the support of the Dippers and they want Guaranteed Income Supplement......even more expenditures. Does anyone think that taxes, in one way or the other, aren’t going to increase significantly?

If you aren’t using the underground economy it’s going to get to the point that it’s not even worth having a real job and paying your taxes.

Who needs universal daycare when theres no jobs!

[HunterDave]

Originally Posted by TreeGuy

Huh? No offence, Raab but this post is utter nonsense.

I may not agree with everything that he stated but it’s not total nonsense imo.

[HunterDave]

Originally Posted by raab

Who needs universal daycare when theres no jobs!

Who needs a job when you have a Guaranteed Income.......Lol.

When it’s not worth working anymore who’s going to pay for it?

Socialism is great until you run out of other people’s money.

[TreeGuy]

Originally Posted by raab

How so?

From a macroeconomic perspective, inflation is managed through interest rates. Taxation/production would only play a factor within the capitalistic supply/demand model if we existed in an isolated bubble. Even then that potential effect on inflation rates is purely speculative.

Tree


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[HyperMOA]

Originally Posted by TreeGuy

From a macroeconomic perspective, inflation is managed through interest rates. Taxation/production would only play a factor within the capitalistic supply/demand model if we existed in an isolated bubble. Even then that potential effect on inflation rates is purely speculative.

Tree


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If this is true then why not just have the mint print a hundred trillion dollars and make everyone in Canada millionaires, pay off our national debt, and have more money in a sovereign fund then Norway? If they did this and even made a massive interest hike to insure inflation stays level the CDN dollar will crash in its value on a global scale. So we go from a $0.75 dollar compared to the US to a $0.0001 dollar. Now that $100,000 platinum F150 just became 672 million CDN. That would hold true on any import. That is inflation. (Hyper-inflation actually; no relation 😀 ) With the wonton spending I am very seriously considering converting every CDN dollar I have into something that might have value in the future and racking up debt before costs begin to skyrocket.

Of course my numbers are all made up and fictional; but the point remains.....

[TreeGuy]

Originally Posted by HyperMOA

If this is true then why not just have the mint print a hundred trillion dollars and make everyone in Canada millionaires, pay off our national debt, and have more money in a sovereign fund then Norway? If they did this and even made a massive interest hike to insure inflation stays level the CDN dollar will crash in its value on a global scale. So we go from a $0.75 dollar compared to the US to a $0.0001 dollar. Now that $100,000 platinum F150 just became 672 million CDN. That would hold true on any import. That is inflation. (Hyper-inflation actually; no relation 😀 ) With the wonton spending I am very seriously considering converting every CDN dollar I have into something that might have value in the future and racking up debt before costs begin to skyrocket.

Of course my numbers are all made up and fictional; but the point remains.....

Haha. I get the gist of this post.

Printing money in post WW1 Germany not only made their currency worthless through hyper inflation, it provided a strong ‘talking point’ for Hitler’s rise. But I digress....

Not only does the managed BOC (Bank of Canada) interest rate influence domestic inflation, it also has a tremendous degree of control over the trading value of our dollar. Higher interest rates provide a higher return on parked money, ergo making for more profitable returns (international players), ergo creating higher demand for Canadian $$$, ergo escalating the worth of our dollar. That’s of course not the only factor as there’s a multitude of tools at the BOC’s disposal to manage how all this works. They have the ability to make our dollar worth $0.02 USD or $10.00 USD on any given week. It’s just simple supply/demand manipulation.

Smarter folks than I will probably wade into this thread derail though. Sorry TC.

Tree


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[Reeves1]

Does he not need a Throne from which to speak ?

Maybe he believes he actually does......