The Shotgun Blog
Friday, March 12, 2010
Too bad the video didn't show the smoke and mirrors. Nor did it expose the socialists - wearing red and black sweaters - yelling for even more spending. Anyway, why in the economic world is the Canadian dollar rising to near equality with the American dollar? And also rising against the euro? Are American- and European-made goods going to be cheaper? Too bad the video is so simplistic, it's stupid.
Posted by: Agha Ali Arkhan | 2010-03-12 10:21:40 PM
It might be better to say that the American dollar is falling to near parity with the Canadian dollar.
Posted by: DML | 2010-03-12 10:32:44 PM
DML: Rising/Falling. Equality/parity. Interesting perspective.
My Texas relative gets a Canadian dollar pension and loves it when the Canadian dollar rises to near parity against the American dollar. Conversely, anyone living in Canada receiving an American dollar pension would not be quite so elated to see his money falling in value.
It's not easy to figure out the economics of it all.
Posted by: Agha Ali Arkhan | 2010-03-12 10:55:53 PM
Going into debt, to get out of debt, is retarded. Oh, well, I give it 2 more years before the bottom falls out. Think we are in recession now? Its going to get worse. I laugh at the government telling us they are creating jobs. Yup, McDonalds wants you.
Posted by: Steve Bottrell | 2010-03-12 11:15:58 PM
"Getting into debt, to get out of debt, is retarded"
If a debtor is able to borrow money to open a successful business, then the debtor can pay off the debts. The government seems to believe it can seed money into the economy to bolster business to help build jobs. It may work well enough to convince voters to keep the government in power.
I still think the video is too simplistic.
Posted by: Agha Ali Arkhan | 2010-03-12 11:34:09 PM
Well that suits most people Agha. Simple is good. Maybe they should watch the first part of Zeitgeist Addendum to really get there heads around it. Charles agreed that what is depicted is pretty much how it is, so since he understands the monetary system much better than I, I will take his word for it. Debt is sky rocketing, and bribing us with our own money is not going to fix anything. Not only are they bribing us, they are making sure future generations suffer for it as well.
Posted by: Steve Bottrell | 2010-03-13 12:13:45 AM
All roads in this direction lead to a similar situation as Greece - unsustainable entitlements. Almost all employment growth in Canada, for the last year or so has been in the public sector. I don't understand why Harper felt he had to mimic the the White House. Raw calculated politics or something more sinister?
There will be a lot of disappointed, irritated and broke boomers when this all plays out.
Posted by: John Chittick | 2010-03-13 10:59:52 AM
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