Could Trudeau's script writers be out to wreck the G.T.A. real estate industry?

DennisTate · May 13, 2024

A logical possible reason might be to get Canadians sufficiently desperate so that they will accept the Canadian version of the Biden Digital Currency??????

Anybody with a little understanding of economics would know that what Trudeau has been doing since he became Prime Minister of Canada seems to be exactly what a significant percentage of billionaires want.......
A BEAR MARKET!!!!????

https://pro.paradigmnewsletters.org...9_4a5a40dc-400b-4733-8a29-6ba75b8e6d55&h=true

Fox News: “This is a deeply troubling development.”

Biden To Order US Dollar Replaced with Trackable “Spyware” Version?
Former Advisor to Pentagon and CIA:
"Your life savings and freedoms are at immediate risk. Do THIS today..."

DennisTate · May 20, 2024

Reasonablerob said: ↑
"Dear Lord no, you don't want to become Quebec! " [ReasonableRob]
Click to expand...

....
....
Alberta would never actually become Quebec.......

but there are artistically inclined people in Alberta.......

who understand that "A film devoid of conflict is boring!"?

So....... the residents of the province of Alberta.....

could at minimum LEARN FROM how the political leaders in Quebec.......

effectively used the THREAT of Separatism - Independence........

to benefit residents of Quebec.......
......
......

Although Ottawa is to a significant degree a "Swamp" of sorts.......

I have high expectations for Pierre Polievre and I have the feeling that he will try his best to

even go beyond Stone Cold Prime Minister Stephen Harper...... [who at minimum behaved in a rather "Davidic" manner

during the G-8 meetings of 2011]?!

I believe that Ottawa... can be MANIPULATED in a manner that is win, win, win, win, win, win , win for essentially ninety nine point nine percent of us

forty one million Canadians!

And just as the hairball Prime Minister Pierre E. Trudeau decision of 1974 made life WORSE for all Canadians and all Americans.......

the example that Alberta... could pressure Ottawa into.......

for the next ten years... could actually be win, win, win, win for essentially all of us.

Many Albertans already know all that Ms. Betty Krawczyk wrote here:

Albertans know about what Ms. Betty Krazczyk wrote due to their own Premier [Bible] Bill Aberhart......

"My plan to pay off the deficit at the rate of twenty billion dollars per month? "

[Ms. Betty Krawczyk] ...

"
The Bank of Canada was first established by Prime Minister Richard Bennet in 1935 as a private central bank, but was then nationalized by William Lyon Mackenzie King in 1938. By nationalizing the bank, Mackenzie King meant for it to belong to the people so the Canadian government could borrow funds with little or no interest for capital expenditures. The mandate of the newly nationalized Bank of Canada was to act as the banker to the government and to manage the public debt. As Mackenzie King famously said: “Once a nation parts with the control of their currency and credit, it matters not who makes that nation’s laws. Usury, once in control, will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most sacred responsibility, all talk of sovereignty of parliament and of democracy is idle and futile.”

So the Bank of Canada was nationalized in 1938 and the government could now borrow money with little or no interest. And it worked. The Canadian government built freeways, public transportation systems, subway line, airports, the St. Lawrence Seaway and funded a national health care system and the Canada Pension Plan. But then Trudeau, under the influence of the international financial group called Basel’s
Committee’s Recommendations (The Basel Committee on Banking Supervision) made the decision to halt the borrowing of money from the Bank of Canada, and instead, chose to borrow from the private banks who instead of lending to the government at no interest, or low interest, introduced higher interest rates along with compound interest.

All banks know very well the magic of compound interest. And Pierre Trudeau must have known that the mounting compounded national debt would lead to Canadians eventually owing a dollar fifty for every dollar of their disposable incomes. After all, he studied economics at the London School of Economics. Surely the professors there knew about compound interest.

So Pierre Trudeau, instead of feeling blessed that Canada, unlike the US, had a nationalized central bank, signed our bank away to the private banks. Couldn’t Trudeau, such an educated man, surmise that citizens in a few years would be struggling to make car payments and meet rent and mortgages and student loans and to buy healthy food while last year’s profits for the big five (that’s Royal Bank, TD Bank, Scotiabank, Bank of Montreal and CIBC amounted to $31.7 billion?) If he did, he didn’t care. But it doesn’t have to be this way. It really doesn’t. Our Bank of
Canada is still there. Next time." (Ms. Betty Krawczyk)
Click to expand...

...
Here are some good graphs on this page that explain quite clearly the "MAGIC' of Compound Interest over Time!?

http://www.politicalforum.com/index...-us-from-going-to-war.618727/#post-1074807398

https://www.michaeljournal.org/articles/social-credit/item/the-public-debt-problem?/plenty34.htm

Compound interest
The sudden increase in the debt after a certain number of years can be explained by the effect of what is called compound interest. Contrary to simple interest, which is paid only on the original borrowed capital, compound interest is paid on both the principal plus the accumulated unpaid interest. Thus, with simple interest, a $100-loan at 6% interest would give, at the end of 5 years, a debt of $100 plus 5 times 6% of $100 ($30.00), for a total debt of $130. But with compound interest, the debt at the end of the fifth year is the sum of the debt of the previous year ($126.35) plus 6% interest of this amount, for a total debt of $133.82.

Putting all these results on a chart, where the horizontal line across the bottom of the chart is marked off in years, and the vertical line is marked off in dollars, and connecting all these points by a line which traces a curve that illustrates the effect of compound interest and the growth of the debt:

The curve is quite flat at the beginning, but then becomes steeper as time goes on. The debts of all countries follow the same pattern, and are increasing in the same way. Let us study, for example, Canada's public debt.

Canada's public debt
Each year, the Canadian Government draws up a budget where are estimated the expenditures and the revenues for the year. If the Government takes in more money than it spends, there is a surplus; if it spends more than it takes in, there is a deficit. Thus, for the fiscal year 1985/86 (the Government's fiscal year runs from April 1 to March 31), the Federal Government had expenditures of $105 billion and revenues of $71.2 billion, leaving a deficit of $33.8 billion. This deficit represents a lack in revenues. (The Federal Debt has managed to balance its budget over the recent years, but it is simply because it downloaded its deficit on provinces and municipalities, forcing them to make cuts in health and other basic services. This does not prevent the overall debt of all public administrations to continue to increase.)

The national debt is the total accumulation of all budgetary deficits since Canada came into existence (the Confederation of 1867). Thus, the 1986 deficit of $33.8 billion is added to the debt of 1985, $190.3 billion, for a total debt of $224.1 billion in 1986. (By January, 1994, Canada’s public debt reached the $500-billion mark.)

When Canada was founded in 1867 (the union of four provinces — Ontario, Quebec, New Brunswick, and Nova Scotia), the country's debt was $93 million. The first major increase took place during World War I (1914-1, when Canada's public debt went up from $483 million in 1913 to $3 billion in 1920. The second major increase took place during World War II (1939-45), when the debt went up from $4 billion in 1942 to $13 billion in 1947. These two increases may be explained by the fact that the Government had to borrow large sums of money in order to take part in these two wars.

But how can be explained the phenomenal increase of these last years, when the debt almost increased ten times, passing from $24 billion in 1975 to $224 billion in 1986, in peacetime, when Canada had no need to borrow for war?

It is the effect of compound interest, like in the example of the island in The Money Myth Exploded. The debt increases slowly in the early years, but grows extremely fast in the following years. And Canada's public debt has even increased more rapidly during these last years than during the example given in Louis Even's parable: on the island, the interest rate always remained at 6%, while this rate varied in Canada, passing from 2% during World War II to a high of 22% in 1981.
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Could Trudeau's script writers be out to wreck the G.T.A. real estate industry?

Does Trudeau want to wreck the Greater Toronto Area real estate industry?

No

Yes

I certainly do hope not????

DennisTate Well-Known Member Past Donor

DennisTate Well-Known Member Past Donor

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Could Trudeau's script writers be out to wreck the G.T.A. real estate industry?

Does Trudeau want to wreck the Greater Toronto Area real estate industry?

No

Yes

I certainly do hope not????

DennisTate Well-Known Member Past Donor

DennisTate Well-Known Member Past Donor

Share This Page

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