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51 sats \ 12 replies \ @grayruby 11 Mar \ parent \ on: Trump's Move of The Day... Going After Rep. Massie Politics_And_Law
Should have been an easy target. Central banker, left Canada to go to England. Holds residences in 5 countries. Moved Brookfield Asset Management from Toronto to New York. Unfortunately if he gets some sort of deal done with Trump on tariffs or if the population thinks he is handling the situation well they will vote for him.
Hate for Trump in Canada is at an all time high and all the parties are already labelling Pierre Poilievre as a Trump ally.
Things should have been easy for Trump.
Secure the border, remove DEI from institutions, reform immigration, bring down inflation through deregulation, keep your mouth (relatively) shut.
sigh Why can't we have nice things.
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I don't understand what people mean when they say 'bring down inflation'.
Inflation is already 'down' (according to the Fed) to something like 3% right?
Prices go up presumably ~3% a year... it's not that far off from the 2% target.
So do you mean 'bring down prices' because that's not inflation... that's de-flation.
Prices go up - inflation.
Prices go down - deflation.
Prices go up, just not as quickly - dis-inflation.
Central banks target (try to achieve) inflation every year not deflation.
And I'm here because Bitcoin is dis-inflationary and because prices are 'never going down' so Bitcoin is a better form of savings...
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That one percent is HUGE as it is a compounding whole percent. The sad fact is the Fed keeps saying they will get it back to 2% but no one believes that. Sure is it down yes but comparing it to pre covid levels its still high and the Fed raised rates and it isnt getting it to 2%
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I just wanted to be clear... (because there is a lot of confusion on this) the difference between 'inflation rate' and 'inflation that has already occurred.'
Inflation has already occurred and is 'not going back'. Having said that, the current inflation rate has gone down a lot, maybe not enough but it has gone down considerably.
Lots of people, including voters, think that 'bringing inflation down' means LOWER PRICES. It 100% DOES NOT.
Inflation coming down means that prices don't GO UP as fast from current levels... it does not mean they go down from where they currently. Even if 'inflation goes down' things aren't getting cheaper that would be deflation.
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With respect, I think you're being pedantic. I think most people just want life to be more affordable, whether that's higher income or lower prices, and it doesn't really make anyone feel better when someone claims that "inflation is back to 3%".
Also, housing costs, medical costs, education costs, and childcare costs all continue to rise. So the biggest things that people care about still feel very much unaffordable and not addressed, despite what official inflation figures say.
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This is a really important point.
Costs of things are not 'going up'. If anything costs for goods should be going down as technology improves. Things should, all else being equal, become more plentiful not less due to technological improvements.
So the costs of things isn't "going up"... instead the dollar is constantly losing value. That's why things are so expensive, and why 'costs' go up every year.
The dollar (and Euro) are pre-programmed to lose value every single year and buy less and less 'stuff' they are designed this way. If things are unaffordable the answer is better productivity/training/compensation, combined with 'better money' which is obviously Bitcoin.
I will say whenever either party has attempted to address immigration they have lost the House in the next election I want to say 4 or 5 straight times going back decades. Its something that neither side really tries to touch because the history of doing so is so bad for the party that tries.
Imagine.... a world were Trump talks 50% of what he does now..... I think that would be up there with solving world hunger.
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It's still early. Canada depends more on imports to USA than vice versa.
In a real trade war, Canada will lose more and politicians and voters will blink.
Right now, it's easy to be 'patriotic'.
Let's be real: liberals in Canada are anti Trump vs pro Canada.
The left in Canada prefers hijabs, burkas and scalps to the maple leaf flag
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Everyone in Canada, left, right and independents are United in front of the attack from the cult leader of MAGA
Besides, Canada is not alone, there are tens of allied nations
Will Trump manage to export his farm produce to North Korea now ?
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So in other words... more pain on Canadians... than they can handle... while Americans feel pain too?
So it all about 'who can feel the most pain and not blink'? That's the way to run an economy?
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sounds like you are preparing to lose
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