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Comments by "" (@Picklemedia) on "Global National: Oct. 26, 2022 | What Bank of Canada's latest interest rate hike could mean" video.
If you borrow below the historical Norm of 5% that's on you. How are we supposed to service our national debt? With low interest rates and printed money?
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Has nothing to do with printing more money than all PM's combined I'm sure
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Printing more money than all other Prime Ministers combined might have contributed?
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@bradcanning875 I personally don't care if you're nasty towards me, but just so you know no one else can see your comment (it is being hidden) ❤
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@bradcanning875 well I guess Google's trying to protect my feelings then? I tried a different account and you're right; I can see all your comments. On this account I can see your comment but only in the notifications section. In this thread they are hidden. Pretty sure we couldn't have this conversation If I blocked you, but I can see why you would reach that conclusion if you didn't think it through completely. *The money supply has doubled in the last 3 years. To say that's inflationary is just basic math. I appreciate your feedback, I will not make it partisan and just stick with basic facts. Any government that increases a fiat currency supply is inflationary.
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@bradcanning875 what caused inflation?
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@bradcanning875 what do you mean by the "government seeded the economy"? Do you mean increasing the money supply? I'm not saying the conservative party wouldn't do the same thing. I'm asking you directly if: increasing the money supply was the primary factor causing the current inflation? (Regardless of political affiliation)
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@bradcanning875 thank you for your insight. so it wasn't the creation of money that caused inflation? Rather, it was how people spent that money? Maybe a combination? -And the corporations were predatory in taking advantage of the 'spending spree mentality' (the government couldn't / didn't anticipate) Hence 'Greedflation'? In other words: easy money and low interest rates aren't the primary problem, it's human nature and predatory corporations. And the government just didn't anticipate that.? As a metaphor: if you are steward of a large forest area, and you left the forest floor unkempt, and let tender build up, you would not be culpable if some teens partying started a fire, and it got out of hand... Just because you did technically create the conditions for the fire, you're not responsible since how could you anticipate the teans would go there?
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@bradcanning875 if you were in charge, would you run the same monetary policy (easy money and low interest rates)? Or would you have the foresight to anticipate how people would behave? How would you have handled the last 3 years? Or is it a situation of no one could have saw this coming?
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I have a hard time reconciling the fact that he wants to "send Ukraine the weapons they need", and "use every Financial and economic tool available" (supports another proxy war) his words, not mine. He was also silent about the suppression of certain Therapeutics, and that the "lockdowns were necessary" Keep in mind, I'm Old School "Pierre for prime minister"
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Global did a video on Bill C11 you can comment on it there
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@fkb247 hey, I couldn't find it so I guess I'm conflating it with another channel? Sorry for the mistake
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