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>>>>>>>>>>>>>>>LOONIE POLITICS<<<<<<<<<<<<<< http://looniepolitics.com/Trudeau announces another plan he expects the provinces to pay for - Kelly McParland, National Post
Politician �guarantees� are all the rage but more marketing flimflam than definitive - Campbell Clark, The Globe and Mail
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http://www.sott.net/
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Canada's local newspapers got a lot of bad news today.
May lead to new local papers rather than centrally controlled.
Hope so - Joe
BELOW(30)(30)(30)(30)(30)(30)(30)(30)(30)(30)(30)30)(30)(30)(30)(30)(30)
From: Larry Kazdan http://www.sott.net/
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Canada's local newspapers got a lot of bad news today.
A deal between Postmedia and Torstar
will see a number of them close soon.
May lead to new local papers rather than centrally controlled.Hope so - Joe
BELOW(30)(30)(30)(30)(30)(30)(30)(30)(30)(30)(30)30)(30)(30)(30)(30)(30)
To: Letters Editor Cc: lgunter@postmedia.ca
Subject: Re: Trudeau's housing strategy has pros, but how will we pay for it?, Lorne Gunter, November 26, 2017
- http://torontosun.com/opinion/columnists/gunter-trudeaus-housing-strategy-has-pros-but-how-will-we-pay-for-it
- Shortly after the 2008 financial crisis erupted, when big corporations and institutional lenders were in deep trouble, the federal government offered up to $200 billion in support through the "Extraordinary Financing Framework". This was possible because Canada wholly owns its central bank which is the monopoly issuer of a fiat Canadian dollar.
- Our Bank could operationally also create billions for building or buying the housing that ends homelessness. Since the Bank is a creature of federal legislation, the government can be just as generous to the down-and-out as it has been to distressed financial elites. As long as we have enough spare resources not currently used by the private sector - land, materials, and skilled labour - then we can build or renew the appropriate housing without triggering inflation and without raising taxes.
- Graham Towers, the first Governor of the Bank of Canada, was asked in Committee: "Would you admit that anything physically possible and desirable, can be made financially possible?" His answer: "Certainly."
- 1. Improving Access to Financing and Strengthening Canada's ...
- www.fin.gc.ca/pub/report-rapport/2011-7/ceap-paec-2f-eng.asp
- To soften the impact of the crisis, the first phase of Canada�s Economic Action Plan included measures to provide up to $200 billion to support lending to Canadian households and businesses through the Extraordinary Financing Framework.
- To soften the impact of the crisis, the first phase of Canada�s Economic Action Plan included measures to provide up to $200 billion to support lending to Canadian households and businesses through the Extraordinary Financing Framework.
- 2. Standing Committee on Banking and Commerce, Minutes of Proceedings and Evidence Respecting the Bank of Canada, 1939.
- http://www.michaeljournal.org/appenE.htm
- Some of the most frank evidence on banking practices was given by Graham F. Towers, Governor of the Central Bank of Canada (from 1934 to 1955), before the Canadian Government's Committee on Banking and Commerce, in 1939.
- Question: So far as war is concerned, to defend the integrity of the nation, there will be no difficulty in raising the means of financing, whatever those requirements may be?
- Mr. Towers: The limit of the possibilities depends on men and materials.
- ***
- Question: Would you admit that anything physically possible and desirable, can be made financially possible?
- Mr. Towers: Certainly. (p. 771)
- Some of the most frank evidence on banking practices was given by Graham F. Towers, Governor of the Central Bank of Canada (from 1934 to 1955), before the Canadian Government's Committee on Banking and Commerce, in 1939.
- 3. Alan Greenspan, U.S. Federal Reserve Chairman, 1997
- http://www.federalreserve.gov/boarddocs/speeches/1997/19970114.htm
- "[A] government cannot become insolvent with respect to obligations in its own currency. A fiat money system, like the ones we have today, can produce such claims without limit."
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