Comments by "" (@tomk3732) on "Global News" channel.

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  247.  @fromagefrizzbizz9377  Lets see. Canadian Debt to GDP ratio is around 150% factoring this year. Take France. In 2020 it was 115. Lets say its 130 by end of 2021. France is in G7. France Debt to GDP is better then Canada. So Canadian GDP to Debt ratio is not the best in G7. Looking at US spending on just federal level, from memory, its like 2 trillion, Canada is like 450B CAD. US is roughly 10x bigger then Canada so it would need to spend 4.5 T CAD, but spent only 2.6 T CAD... so certainly less. The cookie people are not paying it back as they played by the rules. Some "cookie" pp were a bit too griddy and got too close to the limit . If you played safe and claimed say 6k in cookies you are fine. No need to pay back. Even if you wanted it back how are you ever planning to get it back - we are talking about pp that do not ever plan to work. Why on earth would you loose a home in rising market? If for unknown reason you could not pay mortgage payments just refinance - with housing going up its easy. In the very worst case you can sell your house and get a hefty $ over what you paid for it even a year earlier. There does not seem to be any "epidemic" of pp loosing - its impossible. If our unemployment and economy were so great we would not be lagging heavily behind US for few years now. Look at our GDP growth numbers and US, before pandemic, during pandemic and now. Normally if unemployment is lower then other country we should be doing better economically - but we are not at all doing better. So what gives? Maybe the unemployment numbers hide some ugly truth? Regarding 2008 recession - if we did so great since then... why are we lagging so far behind? Usually when you do better ... you lead. Again, MacD example shows there was little interest in supposedly jobless restaurant employees to get a job. Even when they went to 18/h. Why? 2000 why. People were paying cash under the table in order NOT to work. People were trying to get as little shift work as possible... maybe that explains low unemployment numbers? Everyone was employed but hardly working. God forbid you went over 1000. Paid manager 200 in cash for a promise not to work. So they hired more people... LOL! I think I rather easily shown that a lot of things you said are plain false or misleading at best.
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  340.  @Aaron-rw3lv  No one wants to fight in a war - this is why you need conscription - same can be said of Ukrainian people - they do not want to fight as well. Putin does not need to lie to anyone - conscription was official - once conscripted you can be sent to the front line. Its military - it works same all over the world. What is not sustainable? Putin officially conscripted just 300k, maybe up to 500k unofficially. Quite sustainable for country size. Russian people know they need to fight or Ukrainians will keep killing their families in Donbass. Western production rates for say tanks are under 100 in all of Europe. It will take years to increase production to say 300. No orders were issued to that effect. Even if orders were made etc. Ukraine needs 1500 tanks or more per year just to keep current status. No one, maybe China, can produce that many tanks per year in short term (less thank a year) even if it was attacked or under threat - i.e. even with war measures act US cannot ramp up production to such high numbers in less than a year. Thus war is fought with what is available at the moment. I.e. with tanks that you have. Entire west has less tanks than Russia. Thus your assertion that Ukraine will have more equipment is false, even if west transferred all it has. Finally west has far less artillery systems than Russia - thus even if it transferred 100% Russia still has more. So no to more equipment. Also Russia has 7:1 demographic advantage - so even with equal losses it still wins.
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  397.  De G  Well, we can see today that it is not correct view - we see that a lot of countries - including China have reached quite high levels. You have a theory that was correct in colonial times when world economy could be compared to a balloon - if you pinched it in the right spot you got far bigger share then others - if no one were to pinch it all would be poor (vs some very poor and some rich) - this is how British Empire functioned. However, we are not longer in so much of scarcity of resources phase - i.e. our economies are mostly services with tiny pinch of manufacturing - with exception of say Saudi Arabia and Australia our wealth can be limitless and unbound by some limited resource. India brought the issue on themselves with some poorly calculated moves - they wanted Goa - a small Portuguese colony in India. Instead of waiting few years they decided to have a little tiny war. This gave China legitimate reason to settle border dispute in their region also by force & win another war with India. To this day India and China have disputes in the region - as does a lot of others. India is behind China a LOT - its people are far less educated, it has archaic systems of governance and its democracy is quite flawed. Being both in India and China I can guarantee that India will be one of the last countries on Earth to reach prosperity - many countries in Africa if they control birth rate will beat them. As for China thinking the world is going to remain the same - I think that is more US thinking then Chinese - China is very future and change oriented - they are building more railways and highways then the rest of the planet combined. They invest heavily in latest technologies and education. I do not see China limiting some technology at all - I do see US trying all sorts of sanctions to limit spread of technology - for example US coerced with sanctions EU to not export latest chips to Hauwei. All this did was for China to invest even more to jump the gate and within few years it will have capacity to produce all latest chips for its phones (it does 10% currently) - give it few years and it will exceed technologically its competitors. Then we see whatever they will limit technology - so far I see only US doing limiting. I doubt 3D printing is as magical as you think - it is just another process - additive - similar to current common processes which are subtractive. I.e. 3D printing just wastes less material and in some cases it is cheaper and faster. It does not fundamentally remove anything from the manufacturing process - its just another tool. The problem with manufacturing in say Canada is not luck of some magic but luck of people / machinery / investment / high pay to even contemplate competing with China. Let me put it this way, when I make a part out of steel the material to make the part + energy + cutting costs etc. is roughly in line with the cost of the part in China mainland. I.e. in your 3D world, the cost for 3D printer in Canada to make widget X will be roughly the same in material cost as ready made good in China or maybe even on eBay. With current shipping rates in Canada there is NO WAY you can compete 1:1 with China - it costs at least 3x as much to mail it in Canada then China to Canada. So even with no profit and no wages we cannot compete. Let that sink in.
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