Inflation : 40 Year High

[Boudrias]

27 minutes ago, ronthecivil said:

Well, for better or worse, the pipeline to allow us to export world wide will be complete soon. 

 

For better or worse, we will have international natural gas soon. But that will likely affect prices here in a way that won't be liked, since we will switch from no external competition to world wide.

 

But you see were damned if we do an damned if we don't. The feds took control of the pipeline, and financially, it hasn't been a joy. 

 

Other than the pipeline, when it comes to oil and gas, the government is pulling in lots of tax, from the initial royalties, through the supply chain, and at the pump.

Didn't the BC NDP government say a while back that they anticipated $2 billion per year from taxes on LNG Canada when it goes into production?

[ronthecivil]

19 minutes ago, Boudrias said:

Didn't the BC NDP government say a while back that they anticipated $2 billion per year from taxes on LNG Canada when it goes into production?

It should take away any reason for not balancing the BC budget, not that they won't find new ways to spend it anyways, as has been shown in practice already.

[Boudrias]

3 hours ago, ronthecivil said:

It should take away any reason for not balancing the BC budget, not that they won't find new ways to spend it anyways, as has been shown in practice already.

I question the amount of $2 billion but if it is accurate then LNG Canada's app to double the throughput should get quick approval. IMHO the cost of not pursuing LNG and the resulting loss of tax revenue should be reviewed and publicized. There are 7 American LNG plants operating in Texas right now and they had none when LNG was first proposed on the West Coast. Another 2 USA plants are coming on stream late this year or early 2024. Some of these plants are being supplied with Canadian gas. Yes, the Germans are getting Canadian gas processed by Americans. The Americans are scooping much of the profit. There were 20 +/- LNG plants proposed in BC and 2 are being built. What could BC do with another $5 to $10 billion a year in tax revenue? 

[Elias Pettersson]

 

[RU SERIOUS]

8 minutes ago, Elias Pettersson said:

 

I've read the near exact same stats from the Conf. board of Canada, Several banks and a host of other publications and it all points to the poor and middle class being squeezed dry of every last cent out of their pockets as the working & middle class are falling behind year after year.    The solution is that if you can't get a raise to keep up - Quit your job and move on, as there is a severe shortage of employees in every sector and NOW is the time to make your move as an employee, as job opportunities like we see today have not been around for decades as the massive "Boomer" wave retires.  You'd be a fool to stay put anywhere if your employer doesn't at least give you Cost of Living let alone a raise.  

 

Remember, no matter how much B.S. your employer spews on you - telling you how they'll take care of you forever - that's all Crap.   There is no such thing as employee/employer loyalty any more.  Look after yourself FIRST  and don't be a sucker.  Life is too short to fall pray to employer propaganda and false promises.

[ronthecivil]

5 hours ago, Elias Pettersson said:

 

What's 4.2% over 20 years? Isn't it like 219%? I think I flunked the math there though....

 

Over 20 years, things have gotten cheaper, until recently.

 

Over 20 years, the thing that is housing on the other hand, has gotten further and further out of hand, exponentially lately.

[Warhippy]

2 hours ago, ronthecivil said:

What's 4.2% over 20 years? Isn't it like 219%? I think I flunked the math there though....

 

Over 20 years, things have gotten cheaper, until recently.

 

Over 20 years, the thing that is housing on the other hand, has gotten further and further out of hand, exponentially lately.

Over the last 20 years nothing has gotten cheaper that I can see

[Elias Pettersson]

6 hours ago, ronthecivil said:

What's 4.2% over 20 years? Isn't it like 219%? I think I flunked the math there though....

 

Over 20 years, things have gotten cheaper, until recently.

 

Over 20 years, the thing that is housing on the other hand, has gotten further and further out of hand, exponentially lately.

A detached home in Vancouver 20 years ago was worth around $500,000.  That same house today is now worth $2 million.  What was the average wage in 2003 versus 2023?  2003 was $53,000, in 2023 it's $94,000.  

 

If you were making $53,000 in 2003 it wasn't that hard to buy a home for $500,000, you could get a mortgage up to $475,000 with 5% down ($25,000) and your payments were under $3,000 per month.

 

Today if you are making $94,000 and you want to buy a home for $2 million, you would need a minimum downpayment of $400,000 and your mortgage amount would be $1.6 million with a monthly payment of $10,000.  

 

Tell me what normal family today has $400,000 sitting in their chequing account and can afford a monthly mortgage payment of $10,000?

 

 

[Boudrias]

8 hours ago, Elias Pettersson said:

A detached home in Vancouver 20 years ago was worth around $500,000.  That same house today is now worth $2 million.  What was the average wage in 2003 versus 2023?  2003 was $53,000, in 2023 it's $94,000.  

 

If you were making $53,000 in 2003 it wasn't that hard to buy a home for $500,000, you could get a mortgage up to $475,000 with 5% down ($25,000) and your payments were under $3,000 per month.

 

Today if you are making $94,000 and you want to buy a home for $2 million, you would need a minimum downpayment of $400,000 and your mortgage amount would be $1.6 million with a monthly payment of $10,000.  

 

Tell me what normal family today has $400,000 sitting in their chequing account and can afford a monthly mortgage payment of $10,000?

 

 

Perhaps people should start questioning the cause of inflation. 

[Elias Pettersson]

2 hours ago, Boudrias said:

Perhaps people should start questioning the cause of inflation. 

Inflation is caused primarily from people chasing too few products for too many people.  This is primarily why the real estate market has taken off so much over the last 20-25 years.  A lack of inventory is the primary reason for a home going from $500,000 to $2 million since 2003.  It's the same thing with other goods and services.  When governments print money as a solution to pay off debts, then that exponentially increases the money supply, which in turn puts too much money into the system which causes prices to go up.

 

Inflation is therefore caused by government interventions and government regulations.  Governments meaning federal, provincial and municipal working hand in hand with the Bank of Canada and the Federal Reserve.  I don't think alot of people have a great understanding of how the printing press actually works.  Every dollar in circulation is debt.  Meaning it has to be paid back with interest.  In the USA, they can't even pay back the interest on their $30 trillion debt, never mind paying off the principal.  A normal person who manages their money like the governments do would have to declare bankruptcy.  Governments don't have to do that because they have the power to print themselves out of trouble every single time.  If governments were not allowed to print money to pay the bills they would all go bankrupt.

 

At some point using your visa to pay your mastercard isn't gonna work.  At some point all of this debt is going to catch up to these governments.  When it does, the sh*t will definitely hit the fan...

[Ghostsof1915]

On 3/31/2023 at 10:46 AM, ronthecivil said:

Not that is something I agree with! 

 

I seriously don't even want to vote federally. My choices are....

 

Green - The environment is good, but you still have to run the country, and if you shut down oil and gas in short order, you might as well shut the country.

 

NDP - Couldn't successfully operate a popcorn stand. No business sense at all.

 

Liberals - I can stomach the wokeness, but they might as well be the NDP with their fiscal incompetency. Inflation will figure itself out? You bet it will! They are either blind or willfully ignorant on how.

 

Cons - Wacky is an understatement. So EZ to cruise to victory. But hey! Let's support meddling with the Bank of Canada! Let's switch to Crypto! Let's do photo ops with right wing extremists! Let's cuddle the antivaxxers! Just like JT has the NDP stuck to him sucking all policies towards the extreme left, the cons have a nice activist group or two knocking on the door with the extreme right wing stuff above.

 

So were screwed no matter what. As I have said again and again, inflation will only get fixed once Canadians and the Canadian government get religion on spending. (Insert country of choice many others are doing the same thing). So once again, we are all going to have to learn things the hard way, again, because history repeats itself, and people don't learn from it.

Basically which lunatic do you want to run the asylum? The Cons catering to the extreme right worries me a lot. I hate Trudeau. Because he's not consistent. He wants to protect the environment. Then buys a pipeline. Will save construction jobs in Quebec, but won't help out Bombardier when it was trying to take market share in the aerospace industry. Leaving Bombardier to sell a lucrative project to Airbus. The changes to the Firearms Act makes no sense, and doesn't make Canada any safer. It wouldn't have stopped the murderer in Nova Scotia. Because he got his firearms illegally. And friends and family bought ammo for him. No effort has been made to allow red flags to have the police get the tools to stop shooters. No money for mental health. No money to broaden the economy in a sustainable way. No money to combat weapons smuggling.

 

 

I'm seeing no answers from any of the parties. Just lots of finger pointing, and the usual Pie in the sky B.S. promises. I'm tired of promises. I want a platform, a plan. something that benefits everyone. Not just the top 1%.

[Boudrias]

55 minutes ago, Elias Pettersson said:

Inflation is caused primarily from people chasing too few products for too many people.  This is primarily why the real estate market has taken off so much over the last 20-25 years.  A lack of inventory is the primary reason for a home going from $500,000 to $2 million since 2003.  It's the same thing with other goods and services.  When governments print money as a solution to pay off debts, then that exponentially increases the money supply, which in turn puts too much money into the system which causes prices to go up.

 

Inflation is therefore caused by government interventions and government regulations.  Governments meaning federal, provincial and municipal working hand in hand with the Bank of Canada and the Federal Reserve.  I don't think alot of people have a great understanding of how the printing press actually works.  Every dollar in circulation is debt.  Meaning it has to be paid back with interest.  In the USA, they can't even pay back the interest on their $30 trillion debt, never mind paying off the principal.  A normal person who manages their money like the governments do would have to declare bankruptcy.  Governments don't have to do that because they have the power to print themselves out of trouble every single time.  If governments were not allowed to print money to pay the bills they would all go bankrupt.

 

At some point using your visa to pay your mastercard isn't gonna work.  At some point all of this debt is going to catch up to these governments.  When it does, the sh*t will definitely hit the fan...

If memory serves all levels of government controlled about 32% of GDP. Today I believe that number is close to 55%. As much as progressives think capitalism is responsible for all the evil in the world their share in the economy shrinks each year. Canada is a socialist country where no one takes responsibility for failing systems. Lots of finger pointing but no solutions. I would argue that if the oil industry had been allowed to develop Canada's energy resources that Canada would be in the same strong financial position that Norway is. Last I looked Norway has a $1.4 trillion USD sovereign wealth fund. That pays for a lot of social benefits. 

[Warhippy]

4 hours ago, Boudrias said:

Perhaps people should start questioning the cause of inflation. 

You mean usurious corporate greed coupled by and with corporate welfare?

[Warhippy]

13 minutes ago, Boudrias said:

If memory serves all levels of government controlled about 32% of GDP. Today I believe that number is close to 55%. As much as progressives think capitalism is responsible for all the evil in the world their share in the economy shrinks each year. Canada is a socialist country where no one takes responsibility for failing systems. Lots of finger pointing but no solutions. I would argue that if the oil industry had been allowed to develop Canada's energy resources that Canada would be in the same strong financial position that Norway is. Last I looked Norway has a $1.4 trillion USD sovereign wealth fund. That pays for a lot of social benefits. 

The oil oindustry was allowed.

 

Norway is not a viable comparison because the oil industry in Norway is predominantly owned by norway and norwegians much like our NEP was slated to be modeled under.

 

We allowed for oil to be developed by oil companies under the governance of the government of Alberta.  The push from the US in the late 70s and early 80s to ensure they had a single sole source of oil with zero competition worked.  They got Canada and ownership of our oilsands and development.  For over 30 years the US was literaly and continues to be our only real source for oil.  We ship them raw product they refine it make a mint sell it wherever they want and then sell it back to us as well at an inflated cost.

 

That is what the oil companies and US gov wanted due to the games of OPEC and that's what they got.

[RUPERTKBD]

17 hours ago, Warhippy said:

Over the last 20 years nothing has gotten cheaper that I can see

The only thing that comes to mind is Alf's cologne....

[aGENT]

9 hours ago, Warhippy said:

You mean usurious corporate greed coupled by and with corporate welfare?

Speaking of...

 

https://breachmedia.ca/2023-food-prices-grocery-giants-screwing-canadians-farmers-data/

[Smashian Kassian]

On 4/18/2023 at 7:17 AM, Warhippy said:

What we DO see though and what NOBODY can convince me otherwise about, is corporate price gouging and profiteering during times of issue.

 

Look right now at the current investigation in to grocery store pricing.  Someone finally did the math.  The same group is also looking (an honest look) at fuel pricing in canada, the findings thus far show the same thing.

Has there been any result in the investigation? (or action in wake of the findings - if its at that point)

 

On 4/18/2023 at 8:50 AM, Heretic said:

I dread to see what the future may bring if too many farmers go out of business - we'll be importing food, a lot of it processed and poor quality. 
That would be a shame for a country as large as ours with ample space to grow our own food... 

 

On 4/18/2023 at 9:56 AM, Warhippy said:

At days end, we are literally being bent over by corporations who every quarter post record profits but we are lead to believe somehow it is the governments fault for the high prices and inflation.

 

I guess the problem I have in wiping the gov'ts hand clean here is that they are (supposed to be) our only bulwark against this kind of price gouging, so what's being done? Admittedly I'm ignorant here, so maybe they are doing something of significance?? (I know you did mention the investigation Hip) 

 

NDP always rails against this in their rhetoric (and this should be their lane of service) yet they prop up the liberals while criticizing them at the same time, and the problems seem to just be persisting. 

 

And we've only talked about food & gas, nvm the monopolistic telecom companies - which the gov't just gave another huge carrot too with c11 - absolutely gouging us.

 

Edited April 28, 2023 by Smashian Kassian

[Smashian Kassian]

On 4/26/2023 at 11:17 AM, Elias Pettersson said:

 

This is fine....

 

11 hours ago, Ghostsof1915 said:

Basically which lunatic do you want to run the asylum? The Cons catering to the extreme right worries me a lot. I hate Trudeau. Because he's not consistent. He wants to protect the environment. Then buys a pipeline. Will save construction jobs in Quebec, but won't help out Bombardier when it was trying to take market share in the aerospace industry. Leaving Bombardier to sell a lucrative project to Airbus. The changes to the Firearms Act makes no sense, and doesn't make Canada any safer. It wouldn't have stopped the murderer in Nova Scotia. Because he got his firearms illegally. And friends and family bought ammo for him. No effort has been made to allow red flags to have the police get the tools to stop shooters. No money for mental health. No money to broaden the economy in a sustainable way. No money to combat weapons smuggling.

 

 

I'm seeing no answers from any of the parties. Just lots of finger pointing, and the usual Pie in the sky B.S. promises. I'm tired of promises. I want a platform, a plan. something that benefits everyone. Not just the top 1%.

 

I've seen estimates for this buyback they're planning being in the billions, like 6B was the latest one I saw today. Seen others higher & lower (still in Billions)... because we can afford this right..??? Everyone is doing well! 

 

Truthfully I doubt the Liberals will even go through with it, its just too costly, but the dishonest rhetoric so infuriating... I'll stop, save my usual spiel. Haha.

 

9 hours ago, RUPERTKBD said:

The only thing that comes to mind is Alf's cologne....

 

Can't be an expense if you don't purchase it

 

[WeneedLumme]

On 4/26/2023 at 11:17 AM, Elias Pettersson said:

 

Salaries up 4.2% per year average over the last 20 years? Like double the rate of inflation? I call BS. Not a chance in hell. Whoever that quote comes from has lost any credibility they might have had.

[DrJockitch]

My house has almost quadrupled in value in 15 years but I have seen consistent pay cuts over that 15 years.  4.2% increase is hard to believe.