Quote:
Originally Posted by 68style
I think you're correct about inflation and that fixed assets are a better bet, but that's a result of COVID not a particular political party.
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Totally agree with everything in your post. The exchange rate rises and falls for a myriad of reasons from politics to economic policy to value of commodities. My post wasn't about the historical value of the dollar by party in power and all about what's been happening in the country in the last few years. Trudeau Liberals are nothing like Liberal parties of the past under Chretien, Martin, et al. Chretien's government would be considered extreme-right alt-anonQ devil worshippers these days since they opposed same-sex marriage during his tenure.
Anyway - Trudeau had record setting deficits in relation to GDP
before COVID. He racked up 94.3 Billion dollars in debt since taking office in 2015 after he inherited a balanced budget post 2008 economic crisis. He actually managed to turn a projected 1.4 billion surplus in 2015 from the Harper government in to a 2.9 billion deficit, and he took over in November of that year! He's blown tens of billions of dollars in bullshit since 2015, and what have we all seen from it? Billions have disappeared in to thin air, they've had to have parliamentary committees to find out where it was all going and now it's been buried by COVID. These aren't accounting errors, it's FRAUD.
Now the Trudeau Liberals have avoided tabling a budget for years and it's looking like he's added 400 billion in national debt. Again just printing money with no checks or balances, funneling it to his friends (cue the various scandals, ethics violations, stepping down of the Finance Minister, et al) and continuing to float businesses and citizens on and on and on because the Federal governments handling of the pandemic has been so piss poor. But, say it in Charmin Quadruple Soft with me "We're all..... ummm.... in this.... together."
The post-mortem on the Trudeau Liberals and how much money they've wasted or stolen from us, the taxpayers, will be eye-watering.
That is if they don't destroy all the evidence first. What does it all mean? Massive inflation, lack of investment in the country, falling GDP, explosion of debt, downgraded credit ratings, and all of us get fucked as a result.
To be clear I'm not anti-everything Liberal party, now or historically. But Trudeau and his cabinet are a fucking metastatic cancer in this country both personally and professionally. I would actually vote for drunken Lizzy over Trudeau because despite also being an incompetent idiot I can't see her being anywhere near as unethical a PM as Trudeau has been.