MB Premier Response to Skippys Idiocy

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MB Premier Response to Skippys Idiocy

Sep 24, 2020 | 16:56 1 Guy is right on;





Christ why cant one of these premiers run the country instead if the retard we have now. Reply With Quote

  • Sep 24, 2020 | 17:24 2
    Quote Originally Posted by jazz View Post
    Guy is right on;





    Christ why cant one of these premiers run the country instead if the retard we have now.
    Giving money to the provinces doesn't interest the PM, it takes away the Santa Claus effect, he's more interested in handing out money first hand to his voters. Reply With Quote
  • 2 Likes


  • Sep 24, 2020 | 18:23 3


    . Reply With Quote

  • Sep 24, 2020 | 20:10 4 Come on you guys, a complete over reaction as usual. The Prime Moron, Trudope, tells us the budget will balance itself....oh ye of little faith...

    Back to reality, our clueless leader is a bilingual trust fund brat that doesn't understand or speak a word of the finance language.

    "Retard", lol. Reply With Quote

  • Sep 24, 2020 | 20:45 5 Sunny days ahead “LOL” Reply With Quote

  • Sep 24, 2020 | 20:47 6 Its gotta burn down completely
    There is no other way from here Reply With Quote
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  • Sep 24, 2020 | 20:50 7
    Quote Originally Posted by jazz View Post


    .
    I like him !
    I bet he feels like slapping that POS upside the head Reply With Quote

  • fjlip's Avatar Sep 24, 2020 | 23:23 8
    Quote Originally Posted by caseih View Post
    I like him !
    I bet he feels like slapping that POS upside the head
    Slapping with something HARD to make a HUGE difference/outcome! Reply With Quote
  • 1 Like


  • Sep 25, 2020 | 08:09 9
    Quote Originally Posted by jazz View Post
    Guy is right on;





    Christ why cant one of these premiers run the country instead if the retard we have now.
    He basically says the throne speech was written with crayons. Good to see a premier remind Skippy that debt actually has to be repaid and that interest rates can actually raise. Reply With Quote
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  • Sep 25, 2020 | 08:17 10
    Quote Originally Posted by Oliver88 View Post
    He basically says the throne speech was written with crayons. Good to see a premier remind Skippy that debt actually has to be repaid and that interest rates can actually raise.
    Yes and I hope everyone that ran to grab those CERB payments realize that too! Watch the whining then it has already started. Reply With Quote
    Sep 25, 2020 | 08:25 11 Interesting point he made is that in the mid 1980’s the Royal Bank was the largest land owner in Southwest Manitoba. Reply With Quote
    Sep 25, 2020 | 08:32 12
    Quote Originally Posted by wmoebis View Post
    Yes and I hope everyone that ran to grab those CERB payments realize that too! Watch the whining then it has already started.
    I imagine anyone who took these payments that need to be repaid will have to term it out somewhere so basically it will become a 25 yr payment back to the govt with interest rates from your bank. I dont think the average joe can borrow for what the govt can. So Justin lends out a 0.5% and we payback at 3% or higher.

    Actually its ingenious when you think about. He just roped millions of people into a second mortgage. Reply With Quote
    Sep 25, 2020 | 08:38 13
    Quote Originally Posted by jazz View Post
    I imagine anyone who took these payments that need to be repaid will have to term it out somewhere so basically it will become a 25 yr payment back to the govt with interest rates from your bank. I dont think the average joe can borrow for what the govt can. So Justin lends out a 0.5% and we payback at 3% or higher.

    Actually its ingenious when you think about. He just roped millions of people into a second mortgage.
    Lots of people have no intention or ability to repay Covid cash. Reply With Quote
  • 1 Like


  • Sep 25, 2020 | 08:44 14
    Quote Originally Posted by jazz View Post
    I imagine anyone who took these payments that need to be repaid will have to term it out somewhere so basically it will become a 25 yr payment back to the govt with interest rates from your bank. I dont think the average joe can borrow for what the govt can. So Justin lends out a 0.5% and we payback at 3% or higher.

    Actually its ingenious when you think about. He just roped millions of people into a second mortgage.
    You are right but what I find ironic is that absolutely nobody offered another option on what could have been done. Even hind sight hasn't come up with anything better, that I've heard. I have no idea if it was done right or not but it is what it is because there was no options on the table. Reply With Quote
    Sep 25, 2020 | 08:59 15
    Quote Originally Posted by wmoebis View Post
    You are right but what I find ironic is that absolutely nobody offered another option on what could have been done. Even hind sight hasn't come up with anything better, that I've heard. I have no idea if it was done right or not but it is what it is because there was no options on the table.
    All the home mortgage deferrals were just added on to the end of the terms. People will have to make a few extra payments at the end of the life to cover it and their over all cost of the mortgage will go up slightly.

    All of this is going to pay the country back in 25 yrs and when interest rates are 5% again.

    I gotta hand it to Justin, he just slipped a hidden tax on millions of people without them even knowing it. Reply With Quote
    Sep 25, 2020 | 09:15 16
    Quote Originally Posted by jazz View Post
    All the home mortgage deferrals were just added on to the end of the terms. People will have to make a few extra payments at the end of the life to cover it and their over all cost of the mortgage will go up slightly.

    All of this is going to pay the country back in 25 yrs and when interest rates are 5% again.

    I gotta hand it to Justin, he just slipped a hidden tax on millions of people without them even knowing it.
    It wasn't hidden, a deferral is not a write off. You can borrow money and defer payments or principal but that doesn't mean you never have to pay it. Reply With Quote
    Sep 25, 2020 | 09:18 17
    Quote Originally Posted by walterm View Post
    It wasn't hidden, a deferral is not a write off. You can borrow money and defer payments or principal but that doesn't mean you never have to pay it.
    Thousands will learn this important life lesson. Maybe they will start to save for a rainy day too.....nah they will still borrow $ to buy campers and boats. Reply With Quote
    helmsdale's Avatar Sep 25, 2020 | 10:04 18 How can we expect a government to be financially responsible when the majority of the electorate isnt?

    They keep parroting the line that a large % of the population is $200 away from not being able to cover their monthly bills... there is no saving for future purchases anymore. If you want it, you just put in on a ho ho hold the payments plan.

    It astonishes me the number of people with 2 top of the line vehicles on 84 month payment plans. Wake boats and triple slide granite counter topped 5th wheel campers with bank loans. Entertainment centers on in store payment plans. Living room and bedroom furniture on "no interest, dont make a payment for 12 months" plans. Kitchen and bathroom makeovers on HEloc's. Vacations on credit cards. Etc, etc...

    Now how the hell can those people be expected to accept fiscal prudence by government when they cant even safeguard their own personal finances? Reply With Quote

  • Sep 25, 2020 | 10:15 19 Just don't pay! What are they going to do? Throw you in jail?
    So you get to start over with a new strict set of rules. Reply With Quote
  • 1 Like


  • Sep 25, 2020 | 10:40 20
    Quote Originally Posted by helmsdale View Post
    How can we expect a government to be financially responsible when the majority of the electorate isnt?

    They keep parroting the line that a large % of the population is $200 away from not being able to cover their monthly bills... there is no saving for future purchases anymore. If you want it, you just put in on a ho ho hold the payments plan.

    It astonishes me the number of people with 2 top of the line vehicles on 84 month payment plans. Wake boats and triple slide granite counter topped 5th wheel campers with bank loans. Entertainment centers on in store payment plans. Living room and bedroom furniture on "no interest, dont make a payment for 12 months" plans. Kitchen and bathroom makeovers on HEloc's. Vacations on credit cards. Etc, etc...

    Now how the hell can those people be expected to accept fiscal prudence by government when they cant even safeguard their own personal finances?
    Every nation gets the government it deserves.
    Not sure what us fiscal cons
    Did to deserve this, but as an irrelevant minority I suppose it is our fault for not revolting against the Chuck's, before they became the majority. Reply With Quote
    Sep 25, 2020 | 10:47 21 Think about the mentality of people. They hate taxes and bills but love making payments. People will make payments on anything, couches, tvs, put clothes and food on credit cards.

    Just use interest rate arbitrage as a defacto tax, blend it all in with amortization and people barely notice.

    Just like they did for hydro bills in Ontario.

    Bank lends at 0.5% to the govt and buys treasurys at the same time, drives down bond yeilds, free money lent out for the govt. Party on for a yr. Then govt stops buying bonds, starts selling them to outside lenders, rates rise and now call for repayment from the plebs. Make 3% return on 400B over 25 yrs.

    Throw in a punishing carbon tax and theres your govt revenue for the next generation. Reply With Quote
    Sep 25, 2020 | 13:25 22
    Quote Originally Posted by jazz View Post
    Think about the mentality of people. They hate taxes and bills but love making payments. People will make payments on anything, couches, tvs, put clothes and food on credit cards.

    Just use interest rate arbitrage as a defacto tax, blend it all in with amortization and people barely notice.

    Just like they did for hydro bills in Ontario.

    Bank lends at 0.5% to the govt and buys treasurys at the same time, drives down bond yeilds, free money lent out for the govt. Party on for a yr. Then govt stops buying bonds, starts selling them to outside lenders, rates rise and now call for repayment from the plebs. Make 3% return on 400B over 25 yrs.

    Throw in a punishing carbon tax and theres your govt revenue for the next generation.
    Make interest rates low enough, and people will learn to love being indebted. It's treadmill that they won't want to get off. Kind of like heroin. They will be mesmerized by the rise in the value of their house and the ballooning of their equity accounts. It doesn't occur to most that interest rates this low are a sign of a sick, debilitated economy, not a healthy one.

    I doubt that central banks will ever try to reverse their bond buying spree. The Fed tried it up until last year and quickly reversed course when the financial system threatened to implode. I suspect that any government that tried to maintain that course would be turfed out at the polls. If they pointed out the dangers of impending bankruptcy, most voters would not care to believe them.

    Just look at the response to Covid. The vast majority of the population now firmly believes that the federal government is Santa Claus and that there are no existential limits as to what they can borrow in order to hand out seed corn to be destroyed. Zero percent interest rates are the key to facilitating all this borrowing. Reply With Quote
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  • Sep 25, 2020 | 13:32 23
    Quote Originally Posted by farmaholic View Post
    Lots of people have no intention or ability to repay Covid cash.
    Exactly what is going to happen Reply With Quote
    Sep 25, 2020 | 13:46 24 Pierre Poliver is right on the money, so why is he not the leader of the Consevatives? Prolly the old Harper guard would frown on his intellect. Reply With Quote
    Sep 25, 2020 | 15:45 25 Ratings agencies are screaming at the govt to halt the insanity or wind up with a destroyed dollar. We dont have a euro here.

    Canada’s Spending Pledges to Push Federal Deficit Higher Still Reply With Quote
    Sep 25, 2020 | 15:51 26 Todays spending announcements;

    $440M for vaccines for people in countries outside Canada
    $320M for NL oil and gas industry
    $50M for film makers. Reply With Quote
    Sep 25, 2020 | 17:16 27
    Quote Originally Posted by jazz View Post
    Ratings agencies are screaming at the govt to halt the insanity or wind up with a destroyed dollar. We dont have a euro here.

    Canada’s Spending Pledges to Push Federal Deficit Higher Still
    The number is another $180 billion of govt spending, bare minimum. If this is going where it's pointing in certain corners of the world, and you have 1 shred of morality, you'll get absolutely financially ruined. "If it feels good, do it" is going to be the means of survival until this blows. Macro indicators showing we could be in for 3-4 years of current status. Reply With Quote
    Sep 25, 2020 | 17:30 28
    Quote Originally Posted by Austrian Economics View Post
    Make interest rates low enough, and people will learn to love being indebted. It's treadmill that they won't want to get off. Kind of like heroin. They will be mesmerized by the rise in the value of their house and the ballooning of their equity accounts. It doesn't occur to most that interest rates this low are a sign of a sick, debilitated economy, not a healthy one.

    I doubt that central banks will ever try to reverse their bond buying spree. The Fed tried it up until last year and quickly reversed course when the financial system threatened to implode. I suspect that any government that tried to maintain that course would be turfed out at the polls. If they pointed out the dangers of impending bankruptcy, most voters would not care to believe them.

    Just look at the response to Covid. The vast majority of the population now firmly believes that the federal government is Santa Claus and that there are no existential limits as to what they can borrow in order to hand out seed corn to be destroyed. Zero percent interest rates are the key to facilitating all this borrowing.
    "Party on Wayne" "Party on Garth" Reply With Quote
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