Money supply in Canada more than 250% higher printing than the U.S. The collapse is going to hurt even more due to this.

[shockedcanadian]

This is an incredible chart and illustrated just how low value the Canadian dollar has become. We print far more than any other nation, including the U.S. This will ensure a sharply devalued Canadian dollar in the event of the collapse (Ontario has already began a strongly advised "managed decline" thanks to the Creepy Ones).

 

[DGS49]

I freely admit, I have no idea how the money supply thing works. I suspect that few people do.

 

[shockedcanadian]

I freely admit, I have no idea how the money supply thing works. I suspect that few people do.

Basically we have been manufacturing GDP and when the money supply is so high the residual impact is weak purchasing power. They are artificially "creating" wealth but since scarcity does not exist, it is more worthless.

In some countries when they economies collapse, they print so much money that it costs $100,000 in that currency for a loaf of bread. Or, $10M of that nations dollars is worth $20 American etc.

We have purposely devalued it to attract investment primarily from the U.S but even at .70 to the U.S dollar it is probably over valued in its intrinsic value.

If Canada collapses due to the massive domestic police state and broad corruption, Canadians are going to experience this. Someone who has a million dollars in the bank today and thinks they are wealthy may overnight suddenly realize that all of that corruption and criminal behavior has lead to mass spending and their million dollars only buys a third of what it used to buy.

 

[task0778]

There is a significant number of people who believe that all a country needs to do is print or create more money to pay off the debt. Sadly, that is the route the Canadians are apparently trying, and they are going to find out how debilitating the resulting inflation is going to be. Have we forgotten so soon how and inflation was just a few years ago? And the chief driver of that inflation was gov't overspending and flooding the US economy with too much money, thanks to the 3 COVID Relief checks that went out in 2020 and 2021. And the QE program the Fed employed to pump billions of dollars into our money supply.

So now the Canadians are essentially doing the same thing and it's going to bite them badly. I do not follow Canada's politics and policies, so I can't say why they are doing to this. Probably a spending problem, similar to what we have. But dumping too much money into the economy without bringing spending under control isn't going to fix the problem, maybe just delay or extend it. I feel bad for them, and us too if/when we go down that same path.

 

[shockedcanadian]

There is a significant number of people who believe that all a country needs to do is print or create more money to pay off the debt. Sadly, that is the route the Canadians are apparently trying, and they are going to find out how debilitating the resulting inflation is going to be. Have we forgotten so soon how and inflation was just a few years ago? And the chief driver of that inflation was gov't overspending and flooding the US economy with too much money, thanks to the 3 COVID Relief checks that went out in 2020 and 2021. And the QE program the Fed employed to pump billions of dollars into our money supply.

So now the Canadians are essentially doing the same thing and it's going to bite them badly. I do not follow Canada's politics and policies, so I can't say why they are doing to this. Probably a spending problem, similar to what we have. But dumping too much money into the economy without bringing spending under control isn't going to fix the problem, maybe just delay or extend it. I feel bad for them, and us too if/when we go down that same path.

The IMF is encouraging this by telling the world Canada is in a strong fiscal position. This is a fallacy as citizens are cwrryijg the debt loaload, the most.personally.indebted nation by far. The collapse is going to be historic primarily.I believe,.due to oir police state and agressive efforts to protect banks, telecom and other oligopolies from greatly needed competition. Consumers are over charged, living off of.food banks and credit cards.

 

[task0778]

The IMF is encouraging this by telling the world Canada is in a strong fiscal position. This is a fallacy as citizens are cwrryijg the debt loaload, the most.personally.indebted nation by far. The collapse is going to be historic primarily.I believe,.due to oir police state and agressive efforts to protect banks, telecom and other oligopolies from greatly needed competition. Consumers are over charged, living off of.food banks and credit cards.

Cue the music: Bad Moon Rising.