Mike's Content

Quote of the Day

“The federal government has not met the threshold necessary to invoke the Emergencies Act. This law creates a high and clear standard for good reason: the Act allows government to bypass ordinary democratic processes. This standard has not been met… Governments regularly deal with difficult situations, and do so using powers granted to them by democratically elected representatives. Emergency legislation should not be normalized. It threatens our democracy and our civil liberties.”

~ Canadian Civil Liberties Association 

Quote of the Day

As you watch the “Emergencies Act” – the most illiberal of policies – being proclaimed, consider that the Prime Minister acknowledged the divisive consequences of instituting vaccine mandates. Yet according to two Liberal MPs, implementing the profoundly divisive policy was a conscious decision/election strategy to win the 2021 federal election. Now Canada reaps the whirlwind.

See Mike’s comment https://mikesmoneytalks.ca/mikes-comment-feb-12th/   

Stat of the Day

40% of the US public doesn’t have $1,000 in savings. This is why inflation is a political problem for the Biden Administration with mid-terms in November, which in turn pressures the Fed to focus on inflation with aggressive rate hikes rather than worry about the negative impact on growth.

Stat of the Day

US annualized inflation rate at 7.5% in January vs January 2021. Average US worker makes $1,086 per week – means that this rate pays extra $81.45 per week for the same goods last year or over $4,200 for the year.

Quote of the Day

I was told not to state publicly that it (Omicron) was a mild illness. I have been asked to refrain from making such statements and to say that it is a serious illness.”

Angelique Coetzee, doctor who discovered Omicron in South Africa.