Canada May face a Recession the USA Not!

[jazz]

That all depends on how you define US government assets.

Govt real estate in cities (not parks or monuments or capital buildings) would alone pay off the debt. No need toe even touch oil rights and the like.


Of course they don't need to do it. It serves to illustrate the US is not broke, nor is its debt out of control. On the contrary it shows that the US has used its debt to grow the economy massively as the value of govt assets attest to.

[dmlfarmer]

Govt real estate in cities (not parks or monuments or capital buildings) would alone pay off the debt. No need toe even touch oil rights and the like.


Of course they don't need to do it. It serves to illustrate the US is not broke, nor is its debt out of control. On the contrary it shows that the US has used its debt to grow the economy massively as the value of govt assets attest to.

Jazz: Please provide some actual documentation to back up your claim that US real estate in cities could pay off the debt alone. I find your statement to be unbelievable since the US federal treasury in a 2017 report valued all federal government real estate and property assets including all federally owned land, forests, buildings and military equipment at 1.2 trillion as of 2016. http://www.mygovcost.org/2017/07/03/the-assets-and-liabilities-of-the-u-s-government/ http://www.mygovcost.org/2017/07/03/the-assets-and-liabilities-of-the-u-s-government/ Which means federally owned buildings in cities would have a value of less than 5% of federal debt.

Either you are making a statement with no basis in fact or if you are right, you should be running the US treasury as you must know a lot more than the US government.

[AlbertaFarmer5]

Man explaining capitalism to a socialist is like pulling your own teeth.

When I read that the first time, I thought, I'm going to use that quote. Then I thought about it further and realized that it is a poor analogy.

At least after pulling your own teeth, you have accomplished something tangible, whereas, no matter how long you argue with an indoctrinated socialist, nothing will change.

Just read some previous threads on here as evidence.

[AlbertaFarmer5]

The more important take away from the shear scale of the numbers presented by Jazz, dml and Chuck, is utter impossibility of paying back the debt, by any government on any time scale, all are way past the point of no return, socialists and capitalists alike. Once we accept that there is no mathematical possibility of the world paying off the debt everyone owes everyone, then the number of zeroes left of the decimal becomes virtually irrelevant. Someday we will accept the inevitable and let the house of cards built on debt collapse and start over to learn the lessons all over again. In the meantime, losing sleep over government debts and deficits relative to each other is about as productive as arguing with Chuck.

[SASKFARMER3]

I live as most know in both the USA and Canada and half some of my family is American.

The USA is still powerful and yes some won’t say who they voted for but most say things are good.

Bleeding heart liberals think it’s bad.

Trudeau and his Brain damaged group have no idea what they are doing. Investment is gone and not coming back any time soon.

Chuck get out of your acreage and quit being jealous of farmers.

Yes some have way way way to much debt and will be gone.

Some have very little debt or none.

Yes chuck even some who complain how useless farming is in Canada have no operating and own all there property plus have savings.

Because money could be made years ago with cheap land and good soil and yields.


What makes me laugh is arguing with a liberal you just can’t win because there is no reasoning with them.

It’s there way or the highway.

Yes the USA is booming and yes Canada is failing. We all can’t work for welfare or the governments.

Have a great day Brandon was 👍

[LEP]

[QUOTE=chuckChuck;400722]Hahahahah. IN the USA

The federal deficit soared last year to $779 billion and is projected to approach $1 trillion in 2019.

Interest on U.S. debt is projected to total $7 trillion over the next decade

Sorry Chuck but math isn't your strong point. $7 trillion interest on $1 Trillion debt over ten years is probably 10x ++ too high. You counting with 6 toes or something?

[AlbertaFarmer5]

[QUOTE=LEP;400760]

Hahahahah. IN the USA

The federal deficit soared last year to $779 billion and is projected to approach $1 trillion in 2019.

Interest on U.S. debt is projected to total $7 trillion over the next decade



Sorry Chuck but math isn't your strong point. $7 trillion interest on $1 Trillion debt over ten years is probably 10x ++ too high. You counting with 6 toes or something?

While Chuck wastes no opportunity to show his lack of math skills(or more likely, refusal to use them), this likely isn't one of them. I think you have debt, vs. Deficit mixed up.

[furrowtickler]

[QUOTE=AlbertaFarmer5;400763]

While Chuck wastes no opportunity to show his lack of math skills(or more likely, refusal to use them), this likely isn't one of them. I think you have debt, vs. Deficit mixed up.

It’s called bash Trump to deflect the stupidity of the absolute *** tards running this country.
Look over there ... they are bad ...
just look at the Media over the weekend in the US .... it absolutely exemplified that thought process... or lack there of after the high school student bashing in Washington... absolutely no different thank the fake scarf cutting out east that made National headlines in 20 min .. lol .. it’s getting to be an absolute fun circus to watch the far left paint themselves not into a corner... but a dungeon now .
Again , not defending Trump , just stating the obvious. The media and far left are completely exposed now as having mental issues lol .

[bucket]

On what basis are you making the claim that Trudeau has stopped exports? Here are the actual export numbers for the products you say he has stopped exports of.
Canadian oil exports over time
[ATTACH]3888[/ATTACH]
Nor has he stopped oil production Canada oil production over time
[ATTACH]3889[/ATTACH]
And you have to go back to 1991 for a year with higher wheat exports than last year. Trudeau does not set world price and farmers in Canada are continuing to grow and export at ever higher levels in spite of prices.
Sorry can not post chart for wheat, but this link shows it https://www.indexmundi.com/agriculture/?country=ca&commodity=wheat&graph=exports https://www.indexmundi.com/agriculture/?country=ca&commodity=wheat&graph=exports
As far as pulses go, India increased pulse tariffs before Trudeaus debacle trip. Second, the tariffs India set apply to all countries and not just Canada. Third, the tariffs were not set to punish global producer of pulses but to increase domestic prices in India. So to blame Trudeau for India domestic policy is wrong.

I am not a fan of Trudeau and do not think he is a good prime minister, but I am an even bigger critic of alternative facts and propaganda. So unless you can back up your claims with some facts I call BS.

OK you may be right BUT...

1. The 350,000 barrels per day cut in oil production in Alberta is who's fault?

2. The lack of Saudi's wheat purchases from Canada and they were given a grainco.... along with them issuing a decree to pull investment out of Canada....is who's fault?

3. The idiotic prancing around India ...instead of working is who's fault?

4. Pissing off the Chinese that may affect pulses, flax and canola....is who's fault????


I maybe wrong but in about 6 months the exports might not look as rosy....

[burnt]

OK you may be right BUT...

1. The 350,000 barrels per day cut in oil production in Alberta is who's fault?

2. The lack of Saudi's wheat purchases from Canada and they were given a grainco.... along with them issuing a decree to pull investment out of Canada....is who's fault?

3. The idiotic prancing around India ...instead of working is who's fault?

4. Pissing off the Chinese that may affect pulses, flax and canola....is who's fault????


I maybe wrong but in about 6 months the exports might not look as rosy....

Little Johnnie at the front of the class raises hand, waving it excitedly, "I know! I know!"

Teacher says, "Yes, Johnnie?"

Johnnie shouts out, "It's Harper's fault!"

Teacher smiles and gives little Johnnie an "A".

[SASKFARMER3]

That’s exactly what the media and Trudeau wants look over at this hand as I reach around and take your wallet.

Magician secret.

Slight of hand.

Liberals are famous for this.

So far I think it’s working.

[chuckChuck]

That’s exactly what the media and Trudeau wants look over at this hand as I reach around and take your wallet.

Magician secret.

Slight of hand.

Liberals are famous for this.

So far I think it’s working.

"Canada may enter a recession, while the US flourishes. Canada’s economy may soon endure something it hasn’t faced in 68 years: A recession without the US in the same boat. That’s the view of Jim Mylonas, global macro strategist at BCA Research Inc. in Montreal, a firm that’s been making calls on markets and economies since 1949. Mylonas says the surge in household debt combined with rising interest rates will push the Canadian economy into recession, even while the US economy continues to grow."

SF3 why don't you read what you posted in the first post? Recession to be caused by surging household debt and rising interest rates. Hmmmm But its the Liberals fault! hahahahaha

[dmlfarmer]

OK you may be right BUT...

1. The 350,000 barrels per day cut in oil production in Alberta is who's fault?

2. The lack of Saudi's wheat purchases from Canada and they were given a grainco.... along with them issuing a decree to pull investment out of Canada....is who's fault?

3. The idiotic prancing around India ...instead of working is who's fault?

4. Pissing off the Chinese that may affect pulses, flax and canola....is who's fault????


I maybe wrong but in about 6 months the exports might not look as rosy....

1. Notley ordered the 350,000 bbl/day cut in order to reduce supply to match export capacity. Her move pushed WCS prices from a low of around $12 back up close to $40. I think we can agree getting $40 is better than $12 even if you have to leave some in the ground.
Yes, if we had more pipe in the ground the cut would not have been necessary. So is the lack of pipe Trudeau's fault? Couple of things to consider. Transmountain first sought expansion in 2012. In 2015 the NEB stopped the process because of shoddy work by the government at the time and Transmountain in their analysis. In 2016, NEB approval was granted, Notley gave approval, and Trudeau gave federal approval for both the Transmountain expansion and Line 3.
It was the new BC government in 2017 that put a stop to the expansion, along with enviornmentalists and natives. They are the true villains in this story. Trudeau, in order to try to get it back on stream even bought the existing line and expansion project.

Should he have done more? Faster? What? Maybe, but remember Keystone XL was started in 2010, 2 years earlier and is still stalled. Trump overturned all rulings and ordered it to proceed but in just 2 months ago (nov 2018) a Montana judge ordered it stopped so it is back in the courts, just like Transmountain is. And I have a hunch that Transmountain will get going before XL does.

2. First and foremost, I disagree with the giving of the Saudis the remains of the CWB. That was not Trudeau by any means. Second, it was a cabinet minister who made the statement that Saudi's stopped buying wheat, not Trudeau. We can debate whether he should retaliate by stopping oil or sales of arms but that is after the fact, not the cause.

3. Agreed fully he looked like an idiot in India. But even the brightest light likely would not have changed Indian domestic policy on pulse imports considering Indian farmers make up 40% or more of electorate and they demanded higher prices for their pulses which resulted in world wide tariffs. Furthermore, the tariffs are permitted under current WTO and in fact the lentil tariff was only raised to 40% and is allowed to go to 100%. If it was Trudeaus fault and India was out to stop Canadian pulses, they would have raised the tariff much more or simply stopped buying Canadian as the Saudi's did.

4. Canada is being used as the sacrificial pawn by both US and China in the current trade wars. I am not sure if Trudeau is not smart enough to realize this or if Canada is simply too small of a fish to matter to either party. It is a no win situation. When stuck in the middle of a pissing match between two giant bullies, and each important to us, no matter what you do you to support one side, the other side will take offense.

Yes maybe exports will go down in 6 months, or we might have a world wide drought, grain prices skyrocket, and let the good times roll.

Bucket, I consider you a smart guy and appreciate what you say most times. But Instead of the sky is falling Trudeau bs how about stating real facts, look at trends, hope for the best, but be prepared for the worst. Hopefully we get a better PM than Trudeau this year, but Canada will survive if we don't. We just have to make sure each of our farms do too.

[jazz]

Trudeau and his Brain damaged group have no idea what they are doing.

Totally disagree. They know exactly what they are doing and we should be afraid.

Investment is gone and not coming back any time soon.

Absolutely. Some money is being mobilized to help sheer hopefully end the insanity, but a lot of big bucks are on tap to move out of the country. That dollar spread ever narrows again and boy watch out.

We as farmers will be trapped with our wealth in a socialist hell hole.

[jazz]

.

Lets give this some perspective. Harpers had 3 major pipelines on tap approved and ready to go. Trudeau killed Northern Gateway with legislation, killed energy east by pandering and killed TMX by obstructionism. What happens in the US with XL is out of our hands but mostly Obamas fault for stalling the original project for what like 8 years.


Here is how you deal with protestors. You evoke the notwithstanding clause an bring out the army and bulldozers like trump did. Or you cut off entitlements to people who block wealth creation for the country. To deal with foreign tarrifs and bullies, you enact legislation to hit right back at them. You ban Saudi crude, you halt Indian visas and work permits and you restrict capital from China.

And to get help with all this, you stop being a dick to our greatest trading partner no matter who is in office. Think trump is going to help us now after the stupidity Freeland and her gang did. Not a chance, we are on our own.

Canada is an extremely weak, spineless country with our loyalties in the wrong places.