Our Future Debt Problems.

[canadaman30]

She's the evil witch of the left. Granddad was a collaborator of the reich.
She's making Papa proud, member of WEF hellbent on destroying and, "Resetting", our country.

[JoePa]

Speaking about resetting a country - think of this - it's true - a representative in California was interviewed - she was an immigrant from Haiti - told of growing up in a dirt floored hut - came to America and started a small business - did good and eventually ran for congress and won - when asked about her goals she said - she like to change America - unbelievable -

[werner.reiche]

I think, despite the current stress test, if the mortgage rate did go to 4.89%, lots of people would be in big, big trouble.

I'd agree with that.

[JBen]

There is no question that hyperinflation will appear at some time - the only question is when - when the government keeps printing money like it is doing it is just kicking the can down the road until the road ends - when that happens your money will be near worthless and it will be better to own things that are of value - I think one of the most stable and best things to have when that happens is having land

That’s a discussion that is beginning to be held more in the public domain.

There are numerous assets that by and large are “immune” to inflation. The most obvious being real estate. What segment of soceity typically is mortgage free? The 10-20% with the 1%,owning sprawling mansions, cottages, ski chalets, and French villas?

Is $1 today, worth what it was 25 years ago? Lol, nope. Are mortgage amounts indexed to inflation? Nope.

So when you make your last payment on that $500,000 mortgage. The dollar paying off the debt, is worth maybe .50 of the original 500,000 dollars borrowed. In other words, over the years as the dollar is being devalued, your mortgage payments remain the same. Paying off the loan with money that’s worth less and less.

Sweet deal if your one of the few that pull it off

[Gilroy]

"Is $1 today, worth what it was 25 years ago? Lol, nope. Are mortgage amounts indexed to inflation? Nope."

Apples and oranges, mortgage rates were a tad over 10% back then.

[JBen]

Glad that’s settled.

Now I’d ask, if the 1% with their sprawling mansions/cottages/ski chalets are making money hand over fist off it, at it..Especially with the way money has been printed the last 5, 20, 50 years......

The 5% who own homes in the bridle path? Cottages on Roseau? The 10%...the 15%
The rest. Thanks for playing.

Now I might also, suggest. Where do so many of the 10% live? And where are house prices just going stupid ballistic. “Thanks for playing”

Etc and so on.

[Tigboy 304]

OMG .He is even answering himself now.

Well when one converses with liberals, it is probably best that one answers his or her own question or questions as it is the only way one will get a intelligent response to the question one asked.

[fishermccann]

Or the answer you want. Lol.

[canadaman30]

With this running the show nothing positive for our country
https://www.facebook.com/groups/9568...7963131739141/

[mosquito]

Well when one converses with liberals, it is probably best that one answers his or her own question or questions as it is the only way one will get a intelligent response to the question one asked.

That is quite possibly true, see below for examples. If the question is about budgets, firearms, ethics, SNC, WE and a variety of other topics the answers will not be forthcoming and you have someone with an attitude like McKenna saying asking questions is bad.

The Liberals since they were in have added atleast $20,000,000,000 to the INTEREST payments (nothing to do with paying down, just the interest) to our debt and most of it last year and with the Prime rate at 2.45% and the talk of inflation there is a huge house of cards and at some point someone is likely to open the window (increased unemployment, increased interest) and with the carbon tax increase it is almost like they are trying to create mass bankruptcies. Of course if they did a "you will own nothing and be happy" contract will seem appealing to many. The many being the deepest in debt beyond hope and the uneducated and the owners of essential huge businesses and gov't that wants power.

I know budgets and math will confuse the left but hey, let's try anyway. JUST the debt created last year is $360B and at a flat annual percentage of 2.45 we get $8,820,000,000 in interest, take that to 5% and we are talking $18B in NEW interest payments by the federal gov't alone. Not let's look at the estimates (not likely to be accurate, but hey it's something) **NOTE an annual FLAT INTEREST, NOT COMPOUNDED

https://www.canada.ca/en/treasury-bo...estimates.html
Of the 122 organizations in these Estimates, 6 are seeking more than $5.0 billion in budgetary expenditures:

Department of National Defence ($21.8 billion);
Department of Indigenous Services ($12.7 billion);
Department of Foreign Affairs, Trade and Development ($7.1 billion);
Treasury Board Secretariat ($6.0 billion);
Office of Infrastructure of Canada ($5.7 billion); and
Department of Veterans Affairs ($5.2 billion

SO ... for the $8.9B in new debt INTEREST (just a reminder again, not down payment, just paying the INTEREST on the NEW debt), where will they be getting that money? The economy is held together with wet tissue paper, investment in Canada is buying suitcases and shipping containers to move and carbon tax increases going up... OH and the PM and Libs made sure to get their automatic pay increases next month.

and these are the leaders and how they answer questions.....

“A people that elect corrupt politicians, imposters, thieves and traitors are not victims... but accomplices” George Orwell

and the attitude of so many accomplices... let's stick with our leftist that chose a better path.

The further a society drifts from the truth, the more it will hate those who speak it - George Orwell


Traitors, accomplices, attacks on the law abiding and firearm bans... I wonder what George would say

“That rifle on the wall of the labourer's cottage or working class flat is the symbol of democracy. It is our job to see that it stays there.” ? George Orwell


Austerity, honest, integrity, openness ... RIP and it seems so much for the symbol of democracy too.