The Budget...will history repeat itself ?

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April 19th, 2021, 03:21 PM
MikePal

The Budget...will history repeat itself ?

Big Day for the Liberals...Chrystia even bought new stilettos for the occasion :)

As Pierre Poilievre pointed out:

Quote:

Today Trudeau will lock in permanently high deficits paid with printed $.
Back to the future. When his dad did this in early 80s:
-Inflation: 12%
-Unemployment: 12% (record)
-Interest rates: 18% (record)
-Suicide rate: 14.8/100,000 (record)
-650,000 more people in poverty.

I remember those days with high interest rates....that should quell any 'economic recovery' coming out of the pandemic HaHa.
April 19th, 2021, 03:46 PM
js4fn

Yup bought my first 50 acres 1978 14 .7/8% I had nothing
1981 bought 160acres. 24% open mortgage
I wasn’t very bright didn’t stop there :)
120 in 1990
78 in 92

Interest I know all about interest
Then when my back gave out and I sold oh yeah capital gains
April 19th, 2021, 04:28 PM
greatwhite

Yup PET was the father of Debt and Drama boy wants to follow in his foot steps.
April 19th, 2021, 04:34 PM
MikePal

Quote:

Originally Posted by greatwhite

Yup PET was the father of Debt and Drama boy wants to follow in his foot steps.

Yea spending $100 Billion on trying to win votes when you're $400 Billion in debt is Liberal Economics 101 :)
April 19th, 2021, 05:10 PM
mosquito

Quote:

Originally Posted by MikePal

Yea spending $100 Billion on trying to win votes when you're $400 Billion in debt is Liberal Economics 101 :)

Yep, but sadly for Canada's future you can't fix budgets even with magic and lies. They require actual thinking and that is lacking.

It will be higher than that anyway, can't trust a Liberal based on their past budgets and promises.... they only missed by $100,000,000,000 on this promise (before COVID started).
https://www.youtube.com/watch?v=iY3I2ewuxQ0
April 19th, 2021, 05:45 PM
js4fn

Trudeau promises $40K interest-free loans to make homes energy efficient and safer from severe weather think that include that ultra gun safe tornado shelter
I’m in
April 19th, 2021, 05:54 PM
greatwhite

I paid for my stuff on my own no government help. New Heat pump system last year, new windows and more to go. I'm not taking out any loans, I pay as I go.

Quote:

Originally Posted by js4fn

Trudeau promises $40K interest-free loans to make homes energy efficient and safer from severe weather think that include that ultra gun safe tornado shelter
I’m in
April 19th, 2021, 06:01 PM
js4fn

Quote:

Originally Posted by greatwhite

I paid for my stuff on my own no government help. New Heat pump system last year, new windows and more to go. I'm not taking out any loans, I pay as I go.

Don’t be silly work the gray line buddy.
April 19th, 2021, 06:42 PM
mosquito

Quote:

Originally Posted by js4fn

Trudeau promises $40K interest-free loans to make homes energy efficient and safer from severe weather think that include that ultra gun safe tornado shelter
I’m in

:-)

https://www.youtube.com/watch?v=8j5a51h86uQ

https://www.youtube.com/watch?v=AT3SEp7O3N0

Too bad it isn't a grant..... make sure there is a good food/water storage and discrete heating incase it is winter when the deck of cards collapses. When you look at a decade down the road, the debt they created... it is over $10K per person, ADDED, so each person's share of the gov't debt is likely close to $35K or $40K with this budget.... #WORSTPMEVER
April 20th, 2021, 06:22 AM
MikePal

Have to give it to the Liberals...they packed as many goodies as they could into a budget to give freebies to almost every left leaning teat feeder in the country.

The opposition will not be able to fight this budget without alienating voters they need. Touche..

So we will never see a balanced budget again and a debt that will be 50% of GDP for the foreseeable future.

Let's hope that when the housing bubble burst (and it will) people have enough savings to get them thru soaring interest rates.
April 20th, 2021, 06:39 AM
Gun Nut

This budget was designed to draw a non-confidence vote in order to pave the way for an election, which with all this budget's low hanging fruit is guaranteed to garner votes to thrust the Liberals into a majority status. It would be nuts for the opposition parties to vote it down. What a clever way to play politics. Bye, bye NDP the Liberals have out NDP'ed you.

You don't stop hunting because you grow old. You grow old because you stop hunting.
- Gun Nut
April 20th, 2021, 06:40 AM
greatwhite

MikePal I don't know I hope many get hurt, they elected Trudeau knowing he would ruin the future of Canada and saddle them with debt, so maybe they get what they deserve.

Quote:

Originally Posted by MikePal

Have to give it to the Liberals...they packed as many goodies as they could into a budget to give freebies to almost every left leaning teat feeder in the country.

The opposition will not be able to fight this budget without alienating voters they need. Touche..

So we will never see a balanced budget again and a debt that will be 50% of GDP for the foreseeable future.

Let's hope that when the housing bubble burst (and it will) people have enough savings to get them thru soaring interest rates.
April 20th, 2021, 06:47 AM
impact

The conservatives are a mess right now with O'Toole as the leader. Its almost like sabotage.
Not enough strength in the party at this moment to bring change.
Now, if Trudeau was to go to jail for a scandal or two perhaps........
April 20th, 2021, 06:52 AM
greatwhite

Trudeau would never go to jail, if he was caught tomorrow sexually assaulting a woman most Liberals would applaud.

Quote:

Originally Posted by impact

The conservatives are a mess right now with O'Toole as the leader. Its almost like sabotage.
Not enough strength in the party at this moment to bring change.
Now, if Trudeau was to go to jail for a scandal or two perhaps........
April 20th, 2021, 07:03 AM
fishfood

They claim to boost jobs their map shows we should be springing up from this. It was talked about during the second wave so now we are in the third and jobs are still going down. Good luck to them.

They bring in a budget and talk big about boosting jobs but it's already behind as they clearly forgot about the third wave.

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April 20th, 2021, 07:32 AM
Gilroy

[QUOTE=impact;1156954]The conservatives are a mess right now with O'Toole as the leader. Its almost like sabotage.
Not enough strength in the party at this moment to bring change.

At last some folk's are seeing the light.
April 20th, 2021, 07:35 AM
fishfood

Lots of new taxes in the new budget it says it won't affect the middle class but that is a lie lol.

Streaming tax aka Netflix tax will the company just simply pay more taxes without raising the cost of service?

Cigarette tax vape taxes you think those won't effect the middle class?

Wage increase will that not lead to inflation ? Cost more for items I use on a daily basis. I am in the middle class and see many more taxes coming or extra cost.

Add carbon tax going up and yes I see a big fat lie from the liberals budget. These are taxes to tax the wealthy that will trickle down to the consumer.

So how will these new taxes not affect the middle class.

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April 20th, 2021, 07:37 AM
Gilroy

Quote:

Originally Posted by greatwhite

Trudeau would never go to jail, if he was caught tomorrow sexually assaulting a woman most Liberals would applaud.

The Liberal party has the highest support from women in elections, maybe they are not reading all the garbage news articles you seem to find down the rabbit hole. LOL

Oh I made sure you would have to accept this link LOL

https://www.macleans.ca/politics/ott...-men-vs-women/
April 20th, 2021, 07:43 AM
Gilroy

Quote:

Originally Posted by fishfood

Lots of new taxes in the new budget it says it won't affect the middle class but that is a lie lol.

Streaming tax aka Netflix tax will the company just simply pay more taxes without raising the cost of service?

Cigarette tax vape taxes you think those won't effect the middle class?

Wage increase will that not lead to inflation ? Cost more for items I use on a daily basis. I am in the middle class and see many more taxes coming or extra cost.

Add carbon tax going up and yes I see a big fat lie from the liberals budget. These are taxes to tax the wealthy that will trickle down to the consumer.

So how will these new taxes not affect the middle class.

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Out of all your list personally only the carbon tax would cost me more but if the interest rates go up that would be covered by savings getting a bigger boost.
April 20th, 2021, 07:55 AM
WillieBeno

1 Attachment(s)

I can't wait for Joe Clark
Attachment 41676
April 20th, 2021, 07:57 AM
Gilroy

Quote:

Originally Posted by WillieBeno

I can't wait for Joe Clark
Attachment 41676

But he has nice hair. LOL
April 20th, 2021, 08:06 AM
Gun Nut

Quote:

Originally Posted by impact

The conservatives are a mess right now with O'Toole as the leader. Its almost like sabotage.
Not enough strength in the party at this moment to bring change.
Now, if Trudeau was to go to jail for a scandal or two perhaps........

The Conservatives have been in trouble every since Max left, they have shift from a policy driven party, to a party of complainers about the Liberals leader. If they had a few constructive progressive ideas which could move the country forward, they might well have offer them. It doesn’t appear that Mr. O’toole has had much success turning them about...

You don’t stop hunting because you grow old. You grow old because you stop hunting.
- Gun Nut
April 20th, 2021, 01:45 PM
MikePal

Another great factoid from Pierre Poilievre...

By next year Trudeau will have added more debt than all other Prime Ministers COMBINED.

https://i.imgur.com/T0N0WWOl.jpg
April 20th, 2021, 02:11 PM
greatwhite

And he's not done, I bet by the time he is done he will have added 2 Trillion in debt alone.

Quote:

Originally Posted by MikePal

Another great factoid from Pierre Poilievre...

By next year Trudeau will have added more debt than all other Prime Ministers COMBINED.

https://i.imgur.com/T0N0WWOl.jpg
April 20th, 2021, 03:10 PM
MarkB

Has the budget balanced itself yet???
April 20th, 2021, 03:37 PM
mosquito

Quote:

Originally Posted by MarkB

Has the budget balanced itself yet???

He promised it would back in 2015..... Liberal "truth" ... ha.. but the total Justlied was off (not the total debt created, JUST what the lie came to) came to about $100B, then in 2020 and now in 2021 he will create more debt than the next couple generations can reduce. Their spending trashes any hope of a future with a reduced deficit, where the interest payments could be reduced, a future where the interest payments ALONE will likely be about $50B. Lies, spending and add taxes, about all this Liberal gov't is good for, and his accomplices in the damage, the Tru-Anon etc., will support him blindly, cutting holes in the Titanic to let the water out.

https://www.youtube.com/watch?v=iY3I2ewuxQ0

Maybe time to create a new monarchy, Canadians have elected a dictator that is now calling for making the internet "safe", spending like crazy, no end of corruption and damage... a King would likely care more about all the people, not just the Quebec elites and make decisions for the long term and like better than our current international bad joke.
https://www.youtube.com/watch?v=8igrMJ9L4po

Maybe soon time for a revolution... King Pierre Poilievre? :fish:
April 20th, 2021, 04:52 PM
Tigboy 304

Quote:

Originally Posted by greatwhite

And he's not done, I bet by the time he is done he will have added 2 Trillion in debt alone.

Most definitely and with nothing good to show for it!
April 20th, 2021, 06:30 PM
fratri

Guess we need to figure out their plan. Who or what has the greatest benefit to a very large debt. I mean who benefits the most from this debt. How does creating a big debt benefit someone/something. Wish I was smart enough to know the plan:(
April 20th, 2021, 06:46 PM
WillieBeno

Quote:

Originally Posted by fratri

Guess we need to figure out their plan. Who or what has the greatest benefit to a very large debt. I mean who benefits the most from this debt. How does creating a big debt benefit someone/something. Wish I was smart enough to know the plan:(

I started watching this video from 2007 by world famous conspiracy theorist Alex Jones, so far I've watched 3/4 of it and it's all happened14 years later. Check it out https://www.youtube.com/watch?v=P_wwUgEei14
April 20th, 2021, 06:46 PM
impact

Quote:

Originally Posted by fratri

Guess we need to figure out their plan. Who or what has the greatest benefit to a very large debt. I mean who benefits the most from this debt. How does creating a big debt benefit someone/something. Wish I was smart enough to know the plan:(

This who benefits. China!

https://www.canada.ca/en/department-...ment-bank.html

Canada and the AIIB
Canada joined the AIIB on March 19, 2018, with the Minister of Finance serving as Canada's Governor at the AIIB. Canada is also serving a two-year term as one of twelve Directors at the AIIB Board of Directors, beginning July 2018.

Canada's participation in the AIIB helps to promote inclusive global economic growth. Investing in quality infrastructure aids economic growth by enabling the movement of people, goods and services, which can have significant positive benefits. Joining the AIIB also helps to strengthen Canada's relations with the Asia-Pacific region and multilateral institutions. As well, it advances Canadian priorities on mobilizing private capital, gender equality and innovative financing.

To date, the AIIB has financed projects in sectors including transport, energy, and water and sanitation, among others. AIIB projects offer commercial opportunities for Canadian firms as well as employment for some Canadians. A list of job opportunities is maintained by the AIIB, including opportunities for young professionals and consultants.
April 20th, 2021, 07:23 PM
mosquito

Quote:

Originally Posted by impact

This who benefits. China!

https://www.canada.ca/en/department-...ment-bank.html

Canada and the AIIB
Canada joined the AIIB on March 19, 2018, with the Minister of Finance serving as Canada's Governor at the AIIB. Canada is also serving a two-year term as one of twelve Directors at the AIIB Board of Directors, beginning July 2018.

Canada's participation in the AIIB helps to promote inclusive global economic growth. Investing in quality infrastructure aids economic growth by enabling the movement of people, goods and services, which can have significant positive benefits. Joining the AIIB also helps to strengthen Canada's relations with the Asia-Pacific region and multilateral institutions. As well, it advances Canadian priorities on mobilizing private capital, gender equality and innovative financing.

To date, the AIIB has financed projects in sectors including transport, energy, and water and sanitation, among others. AIIB projects offer commercial opportunities for Canadian firms as well as employment for some Canadians. A list of job opportunities is maintained by the AIIB, including opportunities for young professionals and consultants.

Think GLOBAL GOVERNMENT, not just a single country.... WEF 2030? "You will own nothing and be happy " (still feel like I should add "or else")

Why would anyone be willing to sign off and give up all their assets? The same reason people walk away from houses after the crash, they owed more than the house was worth.... create enough debt that no person could hope to get out of it and offer them "You will own nothing and be happy " and how many would take it. Once you have 51% of the population in that wrec... boat, I mean boat, then you can absolutely legislate a piece at a time.

Now, who is the major stake controller in the WEF and UN... yep we get back to China again with China controlling many Pacific and African countries already through power and money.

PS

Quote:

Originally Posted by WillieBeno

I started watching this video from 2007 by world famous conspiracy theorist Alex Jones, so far I've watched 3/4 of it and it's all happened14 years later. Check it out https://www.youtube.com/watch?v=P_wwUgEei14

Intro in some ways actually sounds like the WEF 2030 before someone did a marketing clean up and make it palatable....after that the history goes conspiracy paranoia... they ignore alot of history and add what I would call spin but here and there they get a bit right, still much of their story I would say is in the fact deprived area. They make it like there is 1 group like this, there isn't just 1 group aimed at a united World.
April 20th, 2021, 07:32 PM
fratri

Doesn't make sense, big business wont stand for this, unless they are in on it....There has to be more to it, just not sure what
April 20th, 2021, 07:36 PM
WillieBeno

I don't think it's China, I think it's members of the Bilderberg convention they just admire China's dictatorship (sound familiar) style of politics, it's the perfect platform to administer their plan (Seen it in the video). There's an eerie quip in there about Prince Phillip that coincides with what Fauci has said recently also.
April 20th, 2021, 07:39 PM
WillieBeno

Quote:

Originally Posted by fratri

Doesn't make sense, big business wont stand for this, unless they are in on it....There has to be more to it, just not sure what

They're in on it, there was a mass exodus of corporate CEO's in 2019, too many to be a coincidence.
April 20th, 2021, 07:58 PM
fishfood

Quote:

Originally Posted by fratri

Doesn't make sense, big business wont stand for this, unless they are in on it....There has to be more to it, just not sure what

Those big businesses are buying up all the medium multi million dollar businesses.

Not even in their field but to own it and make more profit. I know of one recently that had 10 to 20 million in sales yearly average. Bought out by another big Canadian company that would call it chump change lol. These big businesses have been buying up for a long they will continue to profit.

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April 20th, 2021, 07:58 PM
fratri

Quote:

Originally Posted by WillieBeno

They're in on it, there was a mass exodus of corporate CEO's in 2019, too many to be a coincidence.

Cant believe it, and Justin is the leader of all this, I believe it even less... something may be up, but Justin is not knowingly in on it, he is not smart enough to pull this off.
April 20th, 2021, 08:11 PM
WillieBeno

Quote:

Originally Posted by fratri

Cant believe it, and Justin is the leader of all this, I believe it even less... something may be up, but Justin is not knowingly in on it, he is not smart enough to pull this off.

Oh he knows all right' I'm pretty sure O'toole is in on it too, they're all in on it Biden, Ford, Kenney, even your local chamber of commerce directly or indirectly. I think Putin and a hand full of others are the only ones not in on it. You're right he's not smart enough heck he's not even as smart as his old man, Trudeau is just a pawn. Watch the video it answers a lot of questions. It's like George Carlin said, " It's a big club but you ain't in it".
April 20th, 2021, 08:20 PM
mosquito

Quote:

Originally Posted by fratri

Cant believe it, and Justin is the leader of all this, I believe it even less... something may be up, but Justin is not knowingly in on it, he is not smart enough to pull this off.

Justlied Trudeau .... he's on about the level of Charlie McCarthy. J.T. probably doesn't even know the hand is there... just who's hand it is, well that is the question.
https://www.youtube.com/watch?v=wMRY8Vy101g

Quote:

Originally Posted by WillieBeno

Oh he knows all right' I'm pretty sure O'toole is in on it too, they're all in on it Biden, Ford, Kenney, even your local chamber of commerce directly or indirectly. I think Putin and a hand full of others are the only ones not in on it. You're right he's not smart enough heck he's not even as smart as his old man, Trudeau is just a pawn. Watch the video it answers a lot of questions. It's like George Carlin said, " It's a big club but you ain't in it".

It's not so much they are "in on it" in many cases, it is that they have been convinced that the Reset/Realignment is to their benefit and the way to go or that fighting it would be political suicide. There is more than one group vying for that power and thinking not in election terms but decades and lifetimes I believe based on the differing goals and history, I won't get into all that since it is just speculation and I don't want that evidence actually since those that have evidence seem prone to car accidents or falling off balconies.

Anyway, the debt that has been created by Justlied alone will be more than the previous 21 PMs and will take generations to reduce even to where he started this carnage and yet people just can't think in long term. A die hard socialist I know I tried to explain it to him many times about budgets and planning and living within his means... last I talked to him about it, now 30 years after he bought the house, the house was in rough shape and the mortgage was bigger than the original purchase price still even though he had a real good paying job. Long term and austerity were just terms he hated and he felt the world owed him and others were the problem.... that's what we have for a PM too right now, the other options are better but far from what Canada needs I am afraid. The priority should be to get rid of this PM before the debt is bigger and internet censorship and so many other "opportunities" are exploited to the detriment of Canada's future.
April 21st, 2021, 08:40 AM
fishfood

Outch Even Gilroy won't like this one lol.

More bailouts to a billionaire.

https://youtu.be/X5icRmBV2sA

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April 21st, 2021, 08:57 AM
fishfood

Just a question about air Canada.

I know the government didn't give them a grant more of a loan . But does that give the government part ownership I heard maybe like 6% or something and shares?

The government and air Canada both say it's a win but who will it help ? Will it help the taxpayers out or do we just get burned anyway?

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April 21st, 2021, 10:53 AM
MarkB

Quote:

Originally Posted by fratri

Doesn't make sense, big business wont stand for this, unless they are in on it....There has to be more to it, just not sure what

I agree, all the dots haven't been connected. I think HUGE business may be in on it (like Google, Amazon, Facebook, etc) ... they may be the means to enable it to happen, and profit from it. But I'd say mid to small business ... not sure how they would give up everything ... they won't. Also, I don't see how big mining companies like Vale and Glencore are into this (as an example of some larger businesses too).

Perhaps the plot is to take over enough ... then the rest follows suit?
April 21st, 2021, 10:54 AM
MarkB

Quote:

Originally Posted by fishfood

Just a question about air Canada.

I know the government didn't give them a grant more of a loan . But does that give the government part ownership I heard maybe like 6% or something and shares?

The government and air Canada both say it's a win but who will it help ? Will it help the taxpayers out or do we just get burned anyway?

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I can tell you, it doesn't help WestJet ... this is what they claim is unfair, especially with Air Canada's low cost company Rouge ... government is basically funding them to be cheap, which puts the other guys out of business.
April 21st, 2021, 11:27 AM
MikePal

Quote:

Originally Posted by fishfood

I know the government didn't give them a grant more of a loan . But does that give the government part ownership I heard maybe like 6% or something and shares?

Apparently that is illegal...they Government can't loan money to a company it has ownership in..huge conflict of interest.
April 21st, 2021, 12:02 PM
fishfood

Quote:

Originally Posted by MikePal

Apparently that is illegal...they Government can't loan money to a company it has ownership in..huge conflict of interest.

Just over a minute in.

The tax payers get a deal because it's a loan the government gets a good deal because it gets 500 million in shares or 6 % of the company. ? Is that a bonus later for the taxpayers or the government ??
https://youtu.be/6IL5gqsQOJM

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April 21st, 2021, 12:03 PM
oaknut

Quote:

Originally Posted by MikePal

Apparently that is illegal...they Government can't loan money to a company it has ownership in..huge conflict of interest.

Heh, because this government cares about legalities....

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April 21st, 2021, 05:51 PM
mosquito

and where are we getting the money from. Looking at the Asian version of Davos.
https://www.facebook.com/WIONews/posts/1725051917705436
May 5th, 2021, 06:39 AM
impact

https://i.imgur.com/9Aw8Zso.jpg