Canadian Economy - Buoyant

[FAST]

Swedens percaipta income is higher then canadas and lower then the USA Venezuela and Cuba are not poor because of socialism. Sweden has 285,000 millionaires they also have more billionaires percapita then the USA so as usual you are W R O N G.....


http://www.slate.com/articles/busin...e_more_per_capita_than_the_united_states.html

,... "Sweden has 285,000 millionaires they also have more billionaires percapita then the USA.",.... that's your idea of an equitable economic system,...???

,..."Swedens percaipta income is lower then the USA",....so by your logic,... socialism is not better than the US "capitalism" system.

 

[JohnLarue]

In other words I had a reference, you did not.

Q.E.D.

Your reference was of the same value as saying my uncles ex-wifes nieghbour said someyhing which was remotely similar

Your Frankenplan would adversly impact privatly held and publicly traded companies and would alos impact the Canadian Capital Markets via the FX market
Your noble Prize winner advocated currency controls on state owned oil companies
That is a world of difference and you reinforce your standing as a know nothing fool if you just ignore the differnce out of convience

Your refence has zero value

 

[JohnLarue]

Swedens percaipta income is higher then canadas and lower then the USA

The cost of living is much much higher in Sweden
Everything is far more expensive
They are also taxed to the max.
The average swede survives and that it
I know I have been there

Venezuela and Cuba are not poor because of socialism.

They are poor becauce in each case because some self rightous cursader decided capitalism was not good and installed socialist / communist economics
No Thanks

Sweden has 285,000 millionaires they also have more billionaires percapita then the USA so as usual you are W R O N G.....

Funny
Your article does not mention the number of millionaries in sweden
So where you got 285,000 is a question

Sweden does not even make the top 15 in this reference
https://en.wikipedia.org/wiki/Millionaire
In 15 th place is Belgium with 202,000 millionares, so either your wrong or wiki is wrong

Canada has 440,000 millionaires
The USA has over 8,008,000 millionaries

Nope North American free enterpise is the route for those who wish to reach their potiential
That is unless the loonie left screw it up here

 

[fuji]

Your reference was of the same value as saying my uncles ex-wifes nieghbour said someyhing which was remotely similar

Your Frankenplan would adversly impact privatly held and publicly traded companies and would alos impact the Canadian Capital Markets via the FX market
Your noble Prize winner advocated currency controls on state owned oil companies
That is a world of difference and you reinforce your standing as a know nothing fool if you just ignore the differnce out of convience

Your refence has zero value

A statement from a Nobel prize winning economist does not have no value just because you say so. You are an idiot who knows nothing about this topic, a total blowhard, your don't have a fucking clue what you are talking about.

Next you will tell us how much you have forgotten and about your little finger. Your Alzheimer's is not an argument. Your little finger is not one either.

You are a joke.

I have a reference, you do not. End of story.

 

[JohnLarue]

A statement from a Nobel prize winning economist does not have no value just because you say so. You are an idiot who knows nothing about this topic, a total blowhard, your don't have a fucking clue what you are talking about.

Next you will tell us how much you have forgotten and about your little finger. Your Alzheimer's is not an argument. Your little finger is not one either.

You are a joke.

I have a reference, you do not. End of story.

Face it Fuji, in addition to being illegal your brain fart of an ideal was just plain ridiculous, poorly thought out and will never , ever , ever see the light of day
You were proposing severe penalties on an industry you do not understand and which is extremely important to western Canada. It was and is a political non-starter.

You think dropping the name of a noble prize winner who proposed something entirely different from your monstrosity adds credibility to your joke of a plan
NO WAY

I repeatedly asked you to get one other TERB member to indicate your fools plan had any merit
Three years latter no one is willing to back you up. There is a reason for that: It is the work of an idiot

your reference is worthless
BTW I did provide a reference, I provided a link showing any currency manipulation is strictly illegal under NAFTA
Your response: We shall renegotiate NAFTA
Your response later : We do not need to renegotiate NAFTA. It is not currency manipulation. This despite your having attached a throttle to your Frankenstein in order to adjust the currency. That is the definition of currency manipulation
Your response a little later: You brought up renegotiating NAFTA (Nice try Liar)

I am laughing at you still

Fuji the fool sitting in the corner wearing his dunce cap

 

[fuji]

Face it Fuji, in addition to being illegal your brain fart of an ideal was just plain ridiculous, poorly thought out and will never , ever , ever see the light of day
You were proposing severe penalties on an industry you do not understand and which is extremely important to western Canada. It was and is a political non-starter.

You think dropping the name of a noble prize winner who proposed something entirely different from your monstrosity adds credibility to your joke of a plan
NO WAY

I repeatedly asked you to get one other TERB member to indicate your fools plan had any merit
Three years latter no one is willing to back you up. There is a reason for that: It is the work of an idiot

your reference is worthless
BTW I did provide a reference, I provided a link showing any currency manipulation is strictly illegal under NAFTA
Your response: We shall renegotiate NAFTA
Your response later : We do not need to renegotiate NAFTA. It is not currency manipulation. This despite your having attached a throttle to your Frankenstein in order to adjust the currency. That is the definition of currency manipulation
Your response a little later: You brought up renegotiating NAFTA (Nice try Liar)

I am laughing at you still

Fuji the fool sitting in the corner wearing his dunce cap

Face it, you don't have a reference, I do.

My reference is solid, the guy won a Nobel prize and for related work. Meanwhile you have NO credibility, you have never ONCE demonstrated any actual knowledge of finance or economics. Never once. That's actually why I have references and you don't: I know about this topic, you don't.

I mean look at your recent "debate" with bver where you were bellowing away about how no one in business would every use deficit financing until he pointed out that most business made extensive use of leverage. You looked stupid. He impaled you because he had basic common business knowledge while you don't.

I don't believe you even have a job, I think you got some Ayn Rand books from a garage sale. You've never demonstrated any sort of practical understanding of business, finance, or management. All you ever do is claim to be John Galt.

 

[JohnLarue]

Face it, you don't have a reference, I do.

No you do not
professor what's his name has never looked at your abomination

My reference is solid, the guy won a Nobel prize and for related work.

Your reference is a joke
He applied currency controls to state owned oil firms in Indonesia
You want to apply a duel currency Franken plan to the public traded and privately held Canadian Oil industry. You also want a throttle on it and it is explicitly illegal under NAFTA
Two very very very different applications

Meanwhile you have NO credibility,

More than you Fuji
I can get people to agree with me, how many did you find on TERB who thought your plan had merit??? Even after three years ??
ZERO, Nadu, zip, nothing , one minus one
How can you have credibility if you can not find anyone to agree with you ?
Even professor what's his name has not agreed with you because he has never read what you proposed

you have never ONCE demonstrated any actual knowledge of finance or economics. Never once.

Sure I have
I continue to point out what you say is utter rubbish
Like when you proposed the government should sponsor welfare mommas to produce unwanted bastard children to solve a perceived problem with our population growth rate
Like when I pointed out you wanted to tax the Canadian oil industry at a level equal to their entire accounting profit
Like when you wanted to apply carbon taxing on the consumer to enable the producers in China to absolve their responsibility
....

That's actually why I have references and you don't:

No actually your reference knows nothing of what you propose ,while my reference explicitly stated that your currency manipulation Ponzi scheme was illegal under NAFTA

I know about this topic, you don't.

Obviously not or you would have known it was illegal

I mean look at your recent "debate" with bver where you were bellowing away about how no one in business would every use deficit financing

I said nothing of the sort. More misrepresentation from a fool
Business use debt / leverage all the time, however nobody will lend to them if they continue to lose money and have no plan to become profitable or pay back the loan
GO BACK AND REVIEW THE POSTS

You looked stupid. He impaled you because he had basic common business knowledge while you don't.

Give your head a shake and review what was posted
He is almost as business illiterate as you

I don't believe you even have a job,

Oh I work
Where as I do not believe your bullshit story , nobody gets paid in the top 1% and has the time for 80,000 + posts
Unless it is Daddy's company

I think you got some Ayn Rand books from a garage sale

.
Who the @#$% is this Ayn Rand bitch and what does she have to with the price of tea in China

You've never demonstrated any sort of practical understanding of business, finance, or management.

I know enough to pick you out as a bullshit artist who has never has to make a tough business decision

quick question for you, when evaluating CAPM scenarios what is a more important consideration than the source of capital?

All you ever do is claim to be John Galt.

Nope I am JohnLarue

I am laughing at you still

Fuji the fool sitting in the corner wearing his dunce cap

 

[bver_hunter]

Do not know how Sweden has been thrown into the mix. But anyway Sweden in really the envy of the world for the following reasons.

https://www.weforum.org/agenda/2017...ost-other-countries-at-just-about-everything/

By the way the different economic factors are rated by Forbes magazine. Canada ranks second to Sweden in the RepTrak ranking. The USA does not make the top ten. As usual the right wingies do not come up with real facts. It is all about money for the richest is all they judge a country, not the real quality of life for all, including the most vulnerable in society.

 

[fuji]

No you do not
professor what's his name has never looked at your abomination

What he did so was make the case for sterilizing the effects of national oil sales by controlling how and when the currency is repatriated.

You still have no reference and none of your bellowing makes less wrong. It just makes your less likeable.

You entire post contained no content. Just you praising yourself, insulting others and making unfounded claims.

BTW, NAFTA is being renegotiated right now. It remains to be seen whether the Canadian sidr will bargain for the right things, but they COULD. Your bluster notwithstanding.

 

[JohnLarue]

Do not know how Sweden has been thrown into the mix. But anyway Sweden in really the envy of the world for the following reasons.

https://www.weforum.org/agenda/2017...ost-other-countries-at-just-about-everything/

By the way the different economic factors are rated by Forbes magazine. Canada ranks second to Sweden in the RepTrak ranking. The USA does not make the top ten. As usual the right wingies do not come up with real facts. It is all about money for the richest is all they judge a country, not the real quality of life for all, including the most vulnerable in society.

Rather than trying to change Canada through taxation
Perhaps the loonie left may consider emigrating to Sweden

 

[JohnLarue]

What he did so was make the case for sterilizing the effects of national oil sales by controlling how and when the currency is repatriated.

For state owned oil companies, not for publically traded and private companies. That is an entirely different world
He did not propose any throttle mechanism
He did not propose a duel currency
He had not endorsed you Franken plan

You still have no reference and none of your bellowing makes less wrong. It just makes your less likeable.

You have no reference as he has not read seen or reviewed your specific Franken plan.
What part of this do you not understand
as for you being less likeable, I do not believe that is possible as you have already reached the lower bound

You entire post contained no content.

Your entire theory is based upon your idea .
Absolutely no relevant content

In fact you ignore factual information out of convenience including
1. the impact upon western Canada, which you dismiss with" They will fall in line"
2. It is illegal, which you dismiss with "we can renegotiate NAFTA"
3. It would be outside of the Bank of Canada's mandate, which you dismiss " We can redefine the Bank of Canada'
4. The worst is it would be government directly targeting and punishing one industry for the benefit of another. The law suits from the oil companies would be filed by the bucketful and capital would flee out country
5. Your proposal would advisedly impact publically traded companies. there would be massive backlash, multiple lawsuits from shareholders and undermine our capital markets

Just you praising yourself, insulting others and making unfounded claims.

No I am just stating the obvious.
Your Franken plan is the work of an idiot and has zero, (absolute zero) chance of ever happening

BTW, NAFTA is being renegotiated right now. It remains to be seen whether the Canadian sidr will bargain for the right things, but they COULD. Your bluster notwithstanding

.

I guarantee that they will not bargain for the right to manipulate the currency
Far too many other important issues at stake.

You had better get to Ottawa soon, to sell you "Grand Franken Plan"
Be prepared to hear " Is this a joke?", "how did you get in here?', "Security!!"

Fuji the Fool, sitting I the corner wearing his dunce cap

 

[bver_hunter]

Rather than trying to change Canada through taxation
Perhaps the loonie left may consider emigrating to Sweden

So in other words now that you have no real response to the evidence, so start the usual alt right nutcase statements about the "loonie left*.
There will be over 60 % of "loony left" Canadians that would have to emigrate to Sweden under your "grumpy old man" statement. Hilarious.

 

[JohnLarue]

So in other words now that you have no real response to the evidence, so start the usual alt right nutcase statements about the "loonie left*.
There will be over 60 % of "loony left" Canadians that would have to emigrate to Sweden under your "grumpy old man" statement. Hilarious.

60 % will not be in favour of tax targeting the rich, doctors dentist and other professionals
I know Canadians are collectively smarter than that

The Loonie left does not make up 60% of our population, that's is for sure

 

[Frankfooter]

60 % will not be in favour of tax targeting the rich, doctors dentist and other professionals
I know Canadians are collectively smarter than that

The Loonie left does not make up 60% of our population, that's is for sure

Nice try adding in 'rich, doctors, dentists and professionals'.

Meanwhile, this is from 2013, but still probably accurate.

Nine out of ten think the rich should pay more taxes

The Ipsos Reid poll found that almost nine out of ten (88%) Canadians support the idea. Only about one in ten (12%) Canadians opposed making the rich pay more in tax.

Furthermore, almost 90% indicated that they would be supportive of a ‘millionaire’s tax’ that would require families with combined annual household income greater than $1,000,000 would pay a special or additional tax.

https://www.nupge.ca/content/overwhelming-majority-support-increasing-taxes-rich-pay

From 2015:

77 per cent said the wealthy should pay more in tax.

http://www.cbc.ca/news/politics/vote-compass-canada-election-2015-issues-canadians-1.3229282

Your views are those of the minority.
Suck it up and listen to the majority.

 

[fuji]

For state owned oil companies, not for publically traded and private companies.

It's not believable that you prefer state owned to private companies so this is a non argument.

He did not propose any throttle mechanism
He did not propose a duel currency

He did propose throttling currency conversion. No one ever, not me, not him, not anyone, ever proposed a dual currency. That's something you made up out of your ignorance.

You have no reference as he has not read seen or reviewed your specific Franken plan.

This is a stupid troll response. You lost, get over it.

In fact you ignore factual information out of convenience including
1. the impact upon western Canada, which you dismiss with" They will fall in line"

You haven't provided any fact. Your opinion isn't fact.

2. It is illegal, which you dismiss with "we can renegotiate NAFTA"

You lost this point. Making it legal is an implementation detail to be discussed once you accept its correctbess. Is the government wants to do it they can renegotiate NAFTA.

Moreover you never did actually establish it's illegal under NAFTA, you just claimed that. In any case, the treaty is being renegotiated, alternately we can withdraw

3. It would be outside of the Bank of Canada's mandate, which you dismiss " We can redefine the Bank of Canada'

So what?

4. The worst is it would be government directly targeting and punishing one industry for the benefit of another.

So what?

The law suits from the oil companies would be filed by the bucketful and capital would flee out country

Nope. Your opinion isn't fact. This is just you shouting nonsense at the top of your lungs.

5. Your proposal would advisedly impact publically traded companies. there would be massive backlash, multiple lawsuits from shareholders and undermine our capital markets

More sputter. Not fact.

No I am just stating the obvious.

No, you are stating wrong things you believe but which aren't supported by any reference, fact, etc.

Your Franken plan is the work of an idiot and has zero, (absolute zero) chance of ever happening

Says who? You???? Ha! You're hilarious.

 

[JohnLarue]

Nice try adding in 'rich, doctors, dentists and professionals'.

Meanwhile, this is from 2013, but still probably accurate.

https://www.nupge.ca/content/overwhelming-majority-support-increasing-taxes-rich-pay

From 2015:

http://www.cbc.ca/news/politics/vote-compass-canada-election-2015-issues-canadians-1.3229282

Your views are those of the minority.
Suck it up and listen to the majority.

Polls are dubious at best, when the rubber hits the road sensible Canadians will see how economically dangerous this

 

[JohnLarue]

It's not believable that you prefer state owned to private companies so this is a non argument.

My preference is not the point
The point is you would impacting companies who are widely held by pension plans, mutual funds and endowments
peoples retirement pans would be adversely impacted
Institutional money mangers would have an obligation to seek any and all legal challenges to your insanity

He did propose throttling currency conversion. No one ever, not me, not him, not anyone, ever proposed a dual currency. That's something you made up out of your ignorance.

bull shit. You explicitly stated one exchange rate forced on the oil industry, one for all others
Two separate exchange rates = two seperate currencies

This is a stupid troll response. You lost, get over it.

1. You are stating he is your reference in an attempt to add credibility to your idiots plan. You are using his supposed good name. Yet he has never read what you proposed. that is no reference
2. You lost, you are the only who thinks otherwise. Again a victory parade of one Fuji the fool

You haven't provided any fact. Your opinion isn't fact.

The fact that your plan is illegal should have been good enough three years ago, yet you just lie and denie

You lost this point. Making it legal is an implementation detail to be discussed once you accept its correctbess. Is the government wants to do it they can renegotiate NAFTA.

Yeah get back to us once that happens, until then it is illegal.
The same Lame argument could be applied to any crime. Stating it may become legal does not legitimize an illegal plan.
Besides it will remain illegal

Funny how you also tried to say it was not currency manipulation and thus not illegal
Now you say it is , but that I have to admit is will work as the legalization is just a formality????

No way

The sure sign of a cornered weasel is when they start to change their story

Moreover you never did actually establish it's illegal under NAFTA, you just claimed that.

no I provided a link to a NAFAT document which stated explicitly that any currency manipulation by any of the three countries is strictly prohibited. It is part of the NAFTA treaty. Look it up Einstein

In any case, the treaty is being renegotiated, alternately we can withdraw

Not over that issue that's for sure

So what?
So what?

So lots of reasons to make your idiots plan non viable and a political non starter

Nope. Your opinion isn't fact. This is just you shouting nonsense at the top of your lungs.
More sputter. Not fact.

No it is a fact.
There would be legal challenges to your idiots plan by the oil industry , the investing community and by the pension plans

No, you are stating wrong things you believe but which aren't supported by any reference, fact, etc.

The lack of direct references is likely due to the fact no none has ever been so damn stupid as to try this in Canada
The one reference stating this is illegal , likely stopped any idiot before you from proceeding further

Says who? You???? Ha! You're hilarious.

Says me
Prove me wrong, make it happen
You had better get to Ottawa soon, to sell you "Grand Franken Plan"
Be prepared to hear " Is this a joke?", "how did you get in here?', "Security!!"

all you had to do was get one person on TERB to agree with you, three years later you have failed to do so. YOU LOSE
More than a few agreed with me

Face it, you hatched a Franken plan and it will never ever see the light of day. You lose
nobody is stupid enough to implement the work of an idiot

Fuji the Fool sitting in the corner wearing his dunce cap

 

[bver_hunter]

60 % will not be in favour of tax targeting the rich, doctors dentist and other professionals
I know Canadians are collectively smarter than that

The Loonie left does not make up 60% of our population, that's is for sure

Listen you I guess you consider the "left" to be Liberals and NDP. I just put a very conservative estimate as there are a certain percentage that flip flops during election. But the core is around 60% that will vote for these two parties. So what the hell is "loonie", only the alt right use that terminology. A much higher percentage of Canadians would like to see poverty eradicated. They understand that our doctors, dentists and other professionals make more than enough to enjoy a high standard of living, and a few more dollars in taxes here and there are not really going to hurt them.

 

[fuji]

My preference is not the point

Then stop telling us about your inane preferences and your ill informed opinions. They're kooky and wrong and nobody cares. Bring a reference, a well reasoned argument based on references, or shut it.

The point is you would impacting companies who are widely held by pension plans, mutual funds and endowments
peoples retirement pans would be adversely impacted

That's true of any policy, any tax, it's not an argument. The greater good is served by protecting the Canadian economy from currency fluctuations and the impact on the oil industry will be minimal.

Institutional money mangers would have an obligation to seek any and all legal challenges to your insanity

Nope. They don't, and they won't. They don't get to sue the government every time you lost an argument, nor when a tax is imposed, a tariff applied. They just don't. Parliament is supreme in such matters.

bull shit. You explicitly stated one exchange rate forced on the oil industry, one for all others

That doesn't create two currencies. You are using words you don't understand. It creates two exchange rates for the same currency. It doesn't mean there are two different US dollars or two different Canadian dollars.

1. You are stating he is your reference in an attempt to add credibility to your idiots plan.

He refutes most of your objections by highlighting the value to the larger economy of sterilizing the effects of oil on currency. That's the fundamental issue.

You don't accept that and you have given a lot of wrong headed objections to doing so. Quibbling over whether it's achieved through policy on oil companies, or by taking them over to implement the same policy, it's an argument that goes nowhere.

You provided no evidence that the US would consider sterilization to be currency manipulation, you think so not you think a lot of stupid things and nobody believes you. In reality the US is concerned about countries that seek an unfair trading advantage and since Sterilization doesn't create any unfair advantage the US won't care. Whether it needs to be negotiated formally or not is an implementation detail for the Trade Minister to work out with his counterparts.

 

[JohnLarue]

Listen you I guess you consider the "left" to be Liberals and NDP. I just put a very conservative estimate as there are a certain percentage that flip flops during election. But the core is around 60% that will vote for these two parties. So what the hell is "loonie", only the alt right use that terminology. A much higher percentage of Canadians would like to see poverty eradicated. They understand that our doctors, dentists and other professionals make more than enough to enjoy a high standard of living, and a few more dollars in taxes here and there are not really going to hurt them.

Says you, who did not invest what they have invested and do not have the debt piled they have
How dare you assume what will or will not hurt those who work their asses off to improve their lot in life
That is the definition of the Loonie Left " Someone who thinks they know what is best for all others and thinks they can decide what others should be content with"

http://www.huffingtonpost.ca/2017/0...ight-before-liberal-summer-caucus_a_23196286/
Liberal MPS have been inidateded with complaints and phone calls from Doctors, dentists and Farmers about these proposals

The Liberal MPS are wetting their pants
they will push back
Too bad Justin is so principled
Perhaps the issue to make him a one term bad dream instead of a multi term nightmare ?