With nearly $80B in red ink, Carney racks up largest ever non-pandemic deficit in federal budget

[JohnLarue]

I don't think this is a big deal anymore... Canada holds other investments and gold has limited ability to tame our inflation when we're dealing with the US$. When shit hits the fan, Canada has everything (and can probably mine more gold).

any mined gold belongs to the mining companies
the federal govt would have to borrow in the bond market to obtain gold t..... to sell to pay down debt ?????
do you not see the problem with your theory?

when the shit hits the fan the everything that you describe belongs to the companies that produce everything, not the federal govt

let me guess : your response is the follow the failed Venezuelan/ Cuban plan and nationalise ' everything'

 

[nottyboi]

And one more seat!!!..so far.

 

[nottyboi]

any mined gold belongs to the mining companies
the federal govt would have to borrow in the bond market to obtain gold t..... to sell to pay down debt ?????
do you not see the problem with your theory?

when the shit hits the fan the everything that you describe belongs to the companies that produce everything, not the federal govt

let me guess : your response is the follow the failed Venezuelan/ Cuban plan and nationalise ' everything'

Look at the Venezuelan GDP chart. It was working great until they were sanctioned.

 

[Goodoer]

any mined gold belongs to the mining companies
the federal govt would have to borrow in the bond market to obtain gold t..... to sell to pay down debt ?????
do you not see the problem with your theory?

when the shit hits the fan the everything that you describe belongs to the companies that produce everything, not the federal govt

let me guess : your response is the follow the failed Venezuelan/ Cuban plan and nationalise ' everything'

Typo on that last part. Canada can buy mined gold if we have to.

Anyways, I just don't think gold is that important any longer. Oil, water and the American dollar are right now. Silver is probably more useful than gold.

 

[kippy]

not if you include provincial debt

Sure cherry pick debt, that'll help you sell your point. Just dont forget to add up all the American States, Parishes, and County's debts into your tabulations

 

[oil&gas]

Typo on that last part. Canada can buy mined gold if we have to.

Anyways, I just don't think gold is that important any longer. Oil, water and the American dollar are right now. Silver is probably more useful than gold.

To my knowledge our central bank has no silver in its foreign exchange reserve.

Bank of Canada is not the owner of the nation;s oil and water resources I believe.

 

[HungSowel]

Ha ha, Carney won't be able to build a ballroom because his dumb ass forgot to buy enough gold. If PP was PM we would have a ballroom already!!!

 

[DesRicardo]

So is their debt. Thats why their debt to gdp ratio is similar to ours. They're in the same boat as us. And that boat is sinking.

U.S. hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

This rapid debt accumulation is the fastest outside of the COVID-19 pandemic, with the debt having reached $37 trillion in August.

www.pbs.org

But why cut out the rest of what I posted?

You have certain values of personal prosperity that are better than Canada.

 

[nottyboi]

Ha ha, Carney won't be able to build a ballroom because his dumb ass forgot to buy enough gold. If PP was PM we would have a ballroom already!!!

Yeah Trump building a ballroom while at the same time cutting off food aid to the poor. . Watch the next incoming president demolish that and restore it. lol

 

[onthebottom]

It will pass, the own goals will continue.

 

[southpaw]

You has certain values of personal prosperity that are better than Canada.

Not for long.

 

[JohnLarue]

Typo on that last part. Canada can buy mined gold if we have to.

with borrowed money?
you do not catch on very quickly do you?

Anyways, I just don't think gold is that important any longer. Oil, water and the American dollar are right now. Silver is probably more useful than gold.

the exact same logic applies to oil
any oil belongs to the oil companies
the federal govt would have to borrow in the bond market to obtain oil.... to sell to pay down debt ?????
do you not see the problem with your theory?

same with silver

water ??
the only real customer for Canadian water is the US
if the US wants water , they can pump as much as is needed from the great lakes and there is nothing we could to stop them

your natural response is to name a water treaty
my response is CUSMA

the federal govt does receive royalties on both gold and oil
but the federal govt has spent the last decade trying to shut down our resources industries
and now they are layering more carbon taxes on the resource sector

it takes private capital to get gold and oil/ gas out of the ground and it takes lots of private capital
private capital the liberal party of Canada is bound and determined to scare away

the liberal party of Canada put ideological globalists agenda ahead of the best interests of Canadians and borrowed what will become 3/4 of a trillion dollars in the name of Canadians

that is not just incompetence

 

[DesRicardo]

Not for long.

Say who?

 

[JohnLarue]

Sure cherry pick debt, that'll help you sell your point. Just dont forget to add up all the American States, Parishes, and County's debts into your tabulations

it is not cherry picking
you really are not well informed and you have never given this issue any objective thought

AI Overview
Canadian provinces generally have higher per-person debt and higher combined debt-to-GDP ratios than most US states
, partly because they are responsible for a larger share of social programs like healthcare. While US states often have balanced budget requirements that limit debt, Canadian provinces do not have these restrictions. For example, Newfoundland and Labrador has a very high combined federal-provincial debt-to-GDP ratio of 88.4%, and Ontario has a debt per person of over $60,000.

you do not get it
in the end it does not matter one tiny bit who else has too much debt, when you become insolvent
pretending its ok because your neighbour joe also abused debt and had to declare bankruptcy wont stop the trustee from selling all of your assets for 10 cents on the dollar

quoting other countries debt to GDP ratios is nothing more than your excuse to ignore the reality
and just like borrowing, you can not ignore reality in perpetuity

 

[Frankfooter]

It will pass, the own goals will continue.

Meanwhile....

https://twitter.com/i/web/status/1986467645810442582

 

[Frankfooter]

quoting other countries debt to GDP ratios is nothing more than your excuse to ignore the reality
and just like borrowing, you can not ignore reality in perpetuity

So you won't compare Canadian debt?
I suppose this is why you refuse to talk about Ontario debt and only federal.

 

[bver_hunter]

Wonder why the Conservatives are jumping from a sinking Pee Pee Poohielvre Ship then?

Conservative MP resigns from Parliament two days after fellow MP crosses the floor

Alberta Conservative MP Matt Jeneroux is resigning as a member of Parliament, he confirmed in a statement Thursday.

“I ran in the last election hopeful that Canadians would put faith in a team led by Pierre Poilievre’s Conservatives, offering a chance to change Canada’s perception in our own country and around the world,” he said in a letter obtained by CTV News. “I wanted desperately to play a role in that vision.”


In the statement, Jeneroux does not elaborate on why he is resigning, but says he hopes “to have the opportunity to address the House one final time in the future.”

His resignation from Parliament comes one day after Jeneroux shut down speculation that he may be considering crossing the floor to the Liberals.

In a statement to CTV News on Wednesday, his office said: “Despite the rumours being circulated in Ottawa, MP Jeneroux is not crossing the floor and is remaining a member of the Conservative caucus.”

Jeneroux is the second MP to quit the Conservative ranks in as many days, joining Nova Scotia MP Chris d’Entremont who crossed the floor to the Liberals on Tuesday.

Jeneroux was first elected in 2015 to represent the Alberta riding of Edmonton Riverbend and has held his riding ever since.

Conservative MP resigns from Parliament two days after fellow MP crosses the floor

Alberta Conservative MP Matt Jeneroux is resigning as a member of Parliament, he confirmed in a statement Thursday.

www.ctvnews.ca

 

[DesRicardo]

Pollievre is done.

The Globalist have won and will get their way.