Mike's Daily Comment

Bank of Canada is Worried

So worried that they are spending $5 billion per week buying government bonds to keep rates down. After $250 billion in fed spending and record low rates we’re only back to 70% of pre pandemic levels of growth.

The Parliamentary Budget Officer Issues a Reality Check

According to Yves Giroux it’s time to get the deficit under control – and within two years. Which coincides with the Armstrong model for the coming sovereign debt and monetary crisis. But is anyone listening.

Pandemic Debt Doesn’t Have To Push Taxes Higher

Politicians may use it as an excuse but a closer look at the numbers reveals that it’s really their choice.

Happy Labour Day

Today let’s focus on the best interest of workers and not necessarily the agenda of the elites.

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Quote, Shocking Stat & Goofy Award of the Week


Quote of the Week 
Economic legend, Thomas Sowell on the big difference between politics and economics in under 50 words. 

Shocking Stat 
CERB’s stated purpose was to cover the lost wages due to lockdown.  Guess how much they overpaid. 

Goofy 
There’s a special place in Hell for adults who use children to advance their political agenda. 

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