
They’d have the billions in equalization payments I’d assume? I think it was around 4b last year.
They’d have the billions in equalization payments I’d assume? I think it was around 4b last year.
Trump got Carney elected to push pipelines through Quebec. To defund Russian energy, then to inevitably sanction countries that do business with China and Russia.
Because China produces 90% of the worlds rare earth, and they will soon rival the US in military technology. Hence the chip sanctions, getting Europe to increase military spending, and speeches by the secretary of state years ago against Chinas development as a global superpower.
China stopped buying US treasuries and is trading for oil in Yuan, then you’ve got BRICS; countries don’t last very long when they attempt to make themselves sanction proof against the US, by side stepping the Breton Woods agreement.
The government can just raise taxes instead of printing 40% additional money supply, to avoid these price spikes where we are then trying to attribute blame.
In the 70s they blamed unions for asking for higher wages when they debased the currency by moving to USD and then off the gold standard, its always externalized by the government to avoid blame. Here’s a newspaper from the time of the union complaining about wage controls.
https://cupe.ca/sites/default/files/journal_winter_1976_p1.jpg
I also find it funny Tiff Macklem egging people on telling people to go and borrow, which is unheard of talk from a central bank, and then we miraculously had greedflation.
This transition to provincial services led to a 1951 [Indian Act] amendment that enabled the Province to provide services to Aboriginal people where none existed federally. Child protection was one of these areas. In 1951, twenty-nine Aboriginal children were in provincial care in British Columbia; by 1964, that number was 1,466. Aboriginal children, who had comprised only 1 percent of all children in care, came to make up just over 34 percent.[22]
Wow wild, seems they did it under the guise of protective services, as if those people lived in substandard conditions. It also looks like the residential schools had the same premise, where there were no schools in remote areas and every child HAD to go to a white mans school and learn English literacy. Pretty crazy to dress it up as child welfare.
Didnt kids at the time work in coal mines as well?
It was a weird time with a lot of abuse to be remembered.
This sounds really good, for a country that has been growing inflation adjusted per capita GDP the last decade that can afford it.
https://m.youtube.com/watch?v=bOXgOLCm54A
Canada just announced its increasing immigration for the elderly as well, from India and Pakistan. This party will do the same as its done the last decade, capital swallowing while overburdening our infrastructure and services.
They also willfully depress their currency.
Well Alberta doesn’t even pay a PST, I can’t see how that can be the case.
China makes a hybrid for 14k. I’m guessing we will have those retaliatory tariffs from China in perpetuity to protect this, and protect ourselves from lower prices.
https://www.bankofcanada.ca/wp-content/uploads/2019/01/swp2019-6.pdf
Heres a document from the BoC that outlines how QE causes wealth inequality in the short term, as asset prices rise. In the long term unemployment falls, and wages rise from greater wage pressure. So according to this study the created wage pressure reverses the wealth inequality caused by QE.
We did 4% population growth via mass immigration and allowed students to work 40 hours a week to forcefully decrease wage pressure, reversing the temporary labor shortage that existed before the Bank of Canada hiked rates, entrenching the short term asset inequality. Though as the Bank of Canada raised rates to cool the economy, and to bring down inflated asset values, we obviously now have a surplus of labor.
“Here’s how the play is likely to unfold in the weeks and months ahead: Carney will be elected Prime Minister on April 28 by a comfortable margin; [Alberta Premier Danielle] Smith will trigger a constitutional crisis, providing cover for Carney to strike a grand bargain that finally resolves longstanding tensions between the provinces and Ottawa; and large infrastructure permitting reform will fall into place. Protests against these developments will be surprisingly muted, and those who do take to the streets will be largely ignored by the media. The entire effort will be wrapped in a thicket of patriotism, with Trump portrayed as a threat even greater than climate change itself. References to carbon emissions will slowly fade…
In parallel, we expect Trump and Carney to swiftly strike a favorable deal on tariffs, padding the latter’s bona fides just as his political capital will be most needed.”
Heres one theory. A separation crisis allows us to displace Russian oil globally and drop energy prices, which is why Trump gave manufacturing a 250% greater tariff than oil and gas, which caused other provinces to vote for Carney en mass since they thought Pierre would side with Alberta and not do reciprocal tariffs to protect manufacturing.
Alberta takes a large hit on its energy exports to the US since it is land locked. Opening up LNG from BC and Alberta to the coast allows it to derive revenue on the global market, which should help when oil prices fall globally due to Trumps actions. The Canadian dollar tracks crude oil prices, so if we dont open up alternative export markets we will be taking a series of hefty haircut, as the US also devalues their dollar to increase domestic production.
As far as safety, deaths are laughably low from Nuclear. Hydro has had significantly more casualty, thousands of times more.
Counting long term emissions from coal or gas I’d assume you’d be higher as well.
This discusses why we dont invest in productivity to stay competitive, at 32:30 he goes over whats happening.
https://www.youtube.com/watch?v=bOXgOLCm54A
Its also called Capital shallowing.
Capital shallowing refers to a situation where the amount of capital per worker decreases, often due to falling wages that allow firms to substitute people for capital. This phenomenon can lead to a decline in productivity, as seen in the UK where falling wages allowed firms to substitute labor for capital, leading to capital shallowing.
Its worker productivity and margins, oil and gas is very efficient relative to manufacturing or farming. Look at transfer payments.
Well I’m not denying climate change I just dont think its a smooth process, peoples ability to waste energy is their standard of living, and you’ll be voted out the second you limit their consumption and crash the economy.
It would drastically raise interest rates, since oil and gas make up a significant portion of our current account balance, and the housing bubble cant survive higher rates I dont believe; which you’ll also raise interest rates dramatically borrowing money to invest in renewables and meat production. We have an over 90% debt to GDP federally and provincially, which is a large weight on growth according to studies, if we cut off our exports what does that do to our debt load and productivity?
I like many of your ideas, but its economic suicide. I’ve not heard of this flow battery idea built into nature it sounds pretty neat, why are these not used in any other countries, can you really just pump water into a natural reservoir?
What would one do to fight climate change. I’m assuming the first step would be taking over zoning laws federally to rezone for density, then investing hundreds of billions into mass transit instead of social programs.
Then it would be cutting off Chinese imports, obviously dramatically raising interest rates due to inflation, potentially toppling our housing bubble.
Then ending immigration from low emitting countries, causing a dramatic fall in GDP, and an immediate recession. Does this sound right?
Heres him a year ago saying we need to become more dependent on the US for our exports.
https://www.youtube.com/watch?v=H_6dc1N31Bk
What I would have liked to have seen 10 years ago is him talking about not being so dependent on our real estate to grow GDP.
Well its good to bring so much attention to him so others can see and lose some brain cells themselves.
Alberta despite its small population makes up a great deal of our current account balance, which is what gives our dollar value in the world. On this value we’ve taken on over 90% federal/provincial debt to GDP, and we already have a grave productivity problem, yet you want to wipe out one of our most efficient industries so that you can feel good about yourself while doing nothing to prevent climate change.
Heres what tends to happen when your debt gets above 90%, which further puts a drag on our growth, and may be a large contributor as to why we have been second to last in the OECD since 2015 per capita.
https://www.businessinsider.com/kenneth-rogoff-carmen-reinhart-sovereign-debt-2010-8
God I hope so.