Canada’s great plan to solve inflation - printing cash?
(twitter.com)
Comments (22)
sorted by:
I've been thinking about this some lately, and likely there is a specific name for it. Essentially inflation has been trickling down over the course of decades. Everything is becoming too expensive without federal funds.
State budget infrastructure too expensive, need federal funds for roads. Education too expensive, need federal funds Health care too expensive Rents Food
Eventually everything and everybody is receiving federal funds, then everyone is under the control. See how healthcare workers were forced to take the vax because of federal funding.
Naturally. Babylon is power based. It'll reach peak success when UBI becomes mainstream. Everybody on welfare is the goal.
Hmm...
"Welfare-industrial complex"?
Wait, I've seen this one before!
How does it end?
The greatest lie the devil ever told:
"Inflation means the rise in prices. It has nothing to do with currency supply."
Prices don't "inflate", that's not even how that word works.
The only reason you should print more money is if there is literally not enough to use.
Can't you further divide it or denominate it? Dollar to a dime. Dime to a penny. Penny to a half-cent.
I think they mean "literally" when they say "literally". As in, if a twenty dollar bill gets rolled into a joint and smoked to ash, they then and only then print a new twenty dollar bill. Dividing it wouldn't make a difference if no money existed. If every coin was melted for scrap, every bill shredded for bird cage liner, then they would need to mint more money.
Cash will crash, invest in ammo.
Inflation is what the government forces on you to punish you for saving money instead of CONSOOMING.
Based.
they say is Castro's son but actually is Venezuela.
So supposedly, Polish Prime Minister said that they're rising minimum wage by 19.6%.
Why 19.6? Because same PM has previously said that rising wages by 20% is going to cause inflation, and compared the situation to Turkey, where they went from around 15% inflation (Poland now) to 60% (Poland soon?). So obviously 19.6% is below limit of 20%.
For real though, it comes out at 19,6%, because they're planning increase to a nice round 3600PLN.
Still waiting for them to repeal the "temporary" GST...
They're not stupid, they know what they're doing
I think they are attempting to combat inflation by increasing the monetary velocity of the Canadian dollar. By ensuring people have a bit more money to spend, they are essentially securing further sales tax income for themselves. It's a good idea IF and ONLY IF they do not also print more currency. Offering tax credits is not the same thing as printing currency. Lower collected taxes always translates to increased monetary velocity and that's exactly what is needed to combat inflation. Let's see how they fuck this up.
You are giving them too much credit.
Trudeau imposed an 11 cent carbon surtax per liter of gasoline just as inflation and Russian sanctions had already shot the price over 2 dollars Cdn (over 7 dollars a gallon).
This is just kabuki theater so his WEF bedmate Jagmeet Singh can pretend that he actually got anything out of him propping up Trudeau's government with a blank cheque for the last six months while still pretending that he's a socialist "fighting for the little guy".
Yeah, I thought it was too good to be true. Without his idiotic tax policies and constant thievery, this would be an interesting policy. Otherwise it's a bandaid on an axe-wound.