RE:RE:Just in case you haven't read this post Hi bicente.
I get exactly where you're coming from. I'm no stranger to high blood preasure.There is an old saying that says. Sometimes it's better not knowing all this. That ignorance is a bliss. Can you imagine how those of us that are aware of these things feel???
Good time to continue on here. Because I may have to explained some of the statements further in my post above. So this a good opportunity.
Some of you may deduce by what I said in the above post that Immigration was the cause of the problem. Well partially.
BAD Immigration was the CANCER. The culprit for that we're that bad Immigration was the
Bureaucracy that allowed this to happen. They gave us this cancer. Mainly through their IGNORANCE.
The idea of Immigration is great. What would we do without our European Heritage Colonizing Canada. The French the English and the other European countries where our forefathers came from. They worked hard to get this country to where it was, one of the nicest places to live in the world.
With one "PYRAMID SCHEME" these
Bureaucrats turned this country's Real Estate into a "House of Cards". They canot be trusted to do anything right. Look, we've had prices for homes/food/raw materials rise before here in this country. We've even had high Inflationary periods in the early 1980's where Interest rates were 25% to 30%.. But NOT like this. Where we've increased rates rates to just 5% and people are chocking already. The house market is so Inflated, that it spilled over to Food to Transportation to Raw Materials, to you name it, it's inflated
Some old examples of high RE prices were in 1987 to 1989, in Ontario. When the Honkongnese first started to arrive to get away from the Chinese takeover of Hong Kong. In 1989, because of the Honkongnese the RE prices in Toronto went through the roof. The Bureaucracy
should have picked up there and then, that bringing in the RICH from other countries was a problem. Then before the Hongkongnese were the Iranian Shaw Regime Exodus, and after the Honkongese was the Religious Exodus from Iran from the Auatollah's. So the rich Iranians that could afford to Emigrate to Canada started pilling up here. Then somewhere along the lines of this Immigration door opening, from the 1980's till now, the Rich Russians we're leaving the Communist Regime to come here.
So now we have a problem. All the RICH have bought our RE, are buying our food, & Goods & services and we have INFLATION. All under the watchful eye of these Bureaucrats. Do you SEE what I'm saying? We still haven't got the right LABOUR FORCE, that they intended to bring to Canada in the first place.
This is why I call them idiots. How will they solve this? Not by bringing in more useless Rich Immigrants. They don't need to work. We need Labourers & people that will work.
This Bureaucracy can control that. The USA doesn't even want Immigration. We can only take the Immigrants we need. Not the one's that will cause more ECONOMIC HARDSHIP to those of us here that have worked so hard to make this country of Canada what it is today.
Look I'm not prejudiced against any of the people from the countries that I've mentioned above. Good for them for being
wealthy, and smart. But they're not our solution.
They are our problem. They live with DEBT, and take very little risk with their fortunes. Nothing wrong with that. But if shite hits the fan, & it will economically here, then all we can do is, take their DEBT, not their wealth. Some Banks like the TD have recently shown less profit for their Quarters, just so that they can put profit aside as RESERVES, for this Economic downturn that's expected.
These Interest rate hikes, are not high enough IMHO, and they better stop this high RE Inflation soon, starting right now. In fact prices aren't coming down. Because high prices for food, fuel, raw materials, labour & services is getting out of hand. Interest rates should keep going to around 7%,
and remain there for about 3 to 4 years IMHO. Because that will stop the pilliage on our economy, and bring some order to an economic disaster that is heading our way. One other stupid thing that this Gov't does is, always take out of the Inflation calculation, Inflationary items, that are not easy to bring down, just so that they can say that Inflation is down to 2%.
Let's see where we go from here. One thing is for sure that, high Interest rates are going to put people back to work, because they won't be able to afford their monthly Interest payments, and they'll lose their assets. What boggles the mind is that these Gov't idiots are confused with high Employment numbers? How are people going to pay for these high prices in this Inflationary Economic climate, if they don't work? This Inflation has to be fought with higher Interest rates, because they were too stupid to control Immigration properly & also attacked the Real Estate market that is the heart of growth in this country. In a nutshell. They have their hands full. The problem is, is that they not too intelligent to play this game.
bicente wrote: BBDB859 wrote: Hey club, Bicente.
I just noticed this discussion on this post thread.
I feel for the construction industry ,& the other Socio/Economical problems like Inflation that these idiot Federal/Provincial/Municipal Bureaucrats have created.
But there is no end to this Buraucratic stupidity. They've now created another monster of "Inflation" that they won't be able to figure out for years by charging low to no " INTEREST RATES".
These Bureauctrats have NO IDEA WHAT THEY ARE DOING. These Bureaucrats in this country have RUINED Canada. How? They started with the realization that the Construction Industry is a lucrative TAX business to get into, & control it by taxing it to shite. Builders build houses for Immigration. Bureaucrats collect construction money. Then Taxes for the constructed homes from the Homebuyers, (HST & Land transfer Tax), & property tax, for the rest of their lives here.
This whole thing started when they realized that they needed more money for the 5 MILLION or so CANADIAN GOVERNMENT EMPLOYEES, that are scamming our MONEY from the PUBLIC TAXES that they collect, from The Construction/Food & Natural Resources Industries.
When these Public Service Unions & Movements started to GROW? They increased 10 fold in front of our eyes, and we the PRIVATE Sector couldn't do anything about it. There are 2 sets of Government Bureacratic thieves. The Elected officials & the NON-ELECTED BUREAUCRACY. The elected ones come to power, for 4 years, and then a new set comes on to take their place to start stealing. Which is worse? The Non-elected are the the real thieves yet they are the Dumber and most dangerous IMHO. The elected ones don't give a flying F because they're there to steal from us, for as much as they can, at the fastest amount of time, and get the F out. The Bureaucracy that remains behind are the real thieves, living off our TAX DOLLAR backs. This is the reason that we are in this MESS. We can't get rid of them either. Here in Ontario they are slowly figuring out. But I'm afraid it's too late.
Let's start with the construction Industry. 45% Of the Canadian Taxes, come from the Construction Industry. The Federal Gov't gave the power to the Provinces, and the Provinces started to download the power to the Municipalities on the Construction Industry. Meanwhile they all are all stealing from the Costruction Industry. They (The Federal, Provincial, Municipal) started with this IDEA that they needed more NEW cheaper housing here in Ontario. So to keep this CONSTRUCTION "House of Cards of Cards" scheme going. They started with IMMIGRATION. How? The Feds bring in 400K of Immigrants in a year, so those Immigrants can start demanding the lower end housing built. They started to allow costruction for smaller, or INTENSIFICATION as they say, to build more crowded Housing because they need to keep up with the tremendous demand for the huge Immigration scheme. So the smaller house Sellers buy higher end homes and so on. But the Feds started bringing in the wrong kind of Immigrants along with the ones that we really needed, and they ruined everything. They Brought the rich ones from other countries that started to gobble up our cheap Housing/Food & Resource Industry and the people who really needed the cheap homes & products, couldn't afford to buy anything anymore as time went on.
Look guys. This isn't rocket science. The Bureaucrats are really stupid people. They only bring in Family & Friends to work for the Government JOBS, and they do as little as possible for their Guaranteed $100K salary a year, and just go home every day, and don't care about the problems they create to the Canadian Housing/Food & Natural Resource Industry. This Bureaucratic Stupidity is evident in the latest debacle of LOW to ZERO Inerest rates. They gave those smart rich Immigrant population, that they brought in here, more cheap money, and more of a chance to steal from us, by giving them free money on top of their cunning wit. These people have ruined us.
Look it should have been easy. When you bring in skilled labour that we need. You control it. The construction Industry/food & Resource Industry needs say, 100K a year. You don't bring in 300K or the RICH thieving individuals from Countries that we're at war with, like China, Iran, Russia, etc. to take over our Industries. That's what is primarily happening here in Canada. The above 3 groups have now destroyed the Ontario Provincial Real Estate market. Because of them we have NO INVENTORY, because they buy everything, and the housing sits empty, or rented. Because the INFLATIONARY HOUSING prices have made it impossible to buy homes, FOOD PRICES have gone through the roof, because of over-Immigration, & our Resource's are not ours anymore. If you Quebecer's think that I'm wrong, then look at your Lumber Industry, (Domtar), Look at your Cement Industry (McInnis) etc. But the biggest "poster child of this problem", that we have with these Bureaucrats is ONTARIO. We're F'd here. Our taxes are up, (HST), our housing supply is scarce, our food prices are through the roof, and most of our Resources are in foreign hands. Our Hospitals & roads are full, and these Bureacrats don't have a clue why their children can't afford to buy a house in the Province. The Development charges, the Levies, the Permits, & Construction regulations have all Increased Housing costs and prices, to the HILT. Now the Trades are jumping on board & the Builder/Developers don't give a Shite about building cheaper houses. They can't because of high costs.
These problems were created by these stupid Bureaucrats that wanted to keep the "House of Cards" Home Industry going. Because they wanted to TAX the Shite out of the Construction Industry, so they can keep their jobs & salaries growing. They didn't care of the problems they would create by what they've done. FIRE THEM ALL. Who is going to do it? I don't know. I don't know if it CAN BE DONE? I do know that it has to be done. There were many books written in Canada & the US, about this problem of the Bureaucracy in North America. I see no solution other than firing them all. It maybe too late, because they are just too strong to take on. JMHO
Yup we are way overtaxed and they keep cutting important services to offer exaggerated useless cwap... I'm going to leave it that for now because I feel my blood pressure riding ;) .. GLTA