I just clued to another aspect of all this! P. M. Trudeau was from Quebec and was only human...… .of course he would be influenced by his colleagues and friends from Quebec. His policy change from 1974.............. played a huge role in taking the electricity being generated in Labrador......… and making it virtually worthless.... by setting in motion a significant inflationary trend. Considering that Quebec had a 99, (or at least 91), year agreement with Newfoundland and Labrador............. this adds another important aspect to the whole question of why P. M. Pierre Elliott Trudeau would make the controversial 1974 policy change???????!!!! Yup......… sure enough.... that agreement with Newfoundland was made previous to the 1974 alterations to Bank of Canada policy!!! https://en.wikipedia.org/wiki/Churchill_Falls_(Labrador)_Corporation_Limited
Oh, What A Shame. (psst, pay more attention to "home") How Do YOU feel about restoring Provincial (and thereby Peoples') FREEDOMS from Ottawa bankers? Clubbing baby seals and skinning them alive in their mother's presence is NOT a Freedom It is sick, sick, sick! Moi r > g Ottawa knows. Does Dennis Tate? View attachment 41701 Across an immense, unguarded, ethereal border, Canadians, cool and unsympathetic, regard our America with envious eyes and slowly and surely draw their plans against us.
That is an excellent question Moi621! I personally feel very strongly that all Canadian provinces and territories should have their own provincial or territorial currency notes. I think that three of the most likely provinces to take such an initiative are Quebec, Alberta and Nova Scotia but all provinces and territories could either mint a provincial or territorial coin or even print up a provincial dollar note............. or even a note attached to one hour of volunteerism. These notes could be extremely useful in boosting the provincial or territorial film industries. These notes or coins could be useful in encouraging research into certain questions especially relevant to that province or territory. For example post # 3 and #4 here postulate how a "Green Party Dollar or Volunteerism Hour" could be used to partly finance research into www.SolarRoadways.com/ http://www.politicalforum.com/canad...008-campaign-my-apology-ms-elizabeth-may.html Ignorance shown in my 2008 campaign, my apology to Ms. Elizabeth May!
Moi621........ as usual.... I was incorrect again...... the first province to initiate their own provincial currency note should be Newfoundland -Labrador....... and they should continue with this experiment in economics until the full 11.5 billion dollars that is owed to them..... is fully recovered........ I am of course referring to the extra 23 billions dollars that the province of Quebec earned over an agreement where perhaps Quebec and Newfoundland - Labrador would have split the revenue from the Churchill Falls hydro-electric project.........
Labrador and Newfoundland had a degree of autonomy before it was stolen by bankers in Ottawa who then allowed the Quebec interests to practice hegemony, at the expense of L & N. Thus Quebec's involvement with Churchill Falls hydroelectric. What part don't I have correct? Isn't it a criminal psychopathy to act so nice while stabbing your neighbor? Moi r > g View attachment 43056 Across an immense, unguarded, ethereal border, Canadians, cool and unsympathetic, regard our America with envious eyes and slowly and surely draw their plans against us.
On the other hand..... P. M. Pierre Elliott Trudeau was genuinely worried about Quebec separating from Canada at that time....and his compromise to allow Newfoundland and Labrador to be cheated out of a minimum of 11.5 billion dollars....(assuming that Labrador and Quebec had divided the revenue at about fifty_ fifty).... did help to succeed to keep Quebec within Confederation?!?!?!
Ottawa profits! They lose, get cheated of nothin'. What Confederation? The provinces have been drafted into a "union". Not even a Federation.
Well..... I suppose you have some valid reasons to feel this way. Here is an insightful quotation from a high school text book about Churchill Falls. .....
Thank YOU. Besides pacifying Quebec, how much did Ottawa profit at Newfoundland's expense? That part is left out of the textbook. Dear Dennis Tate DEAR Look into the "Unification of Provinces". Lots of dirt to "whose" profits? And FREEDOMS lost. From the beginning it was about moving power and money to Ottawa from the rest of the nation. How about those land deeds from HBC? Eh? Few know the duplicitous nature of more than Moi. True? Moi r > g View attachment 43331 Restore Provincial FREEDOMS and Autonomy for the benefit of their peoples. Across an immense, unguarded, ethereal border, Canadians, cool and unsympathetic, regard our America with envious eyes and slowly and surely draw their plans against us.
Moi621..... if anybody is so naive to think that my support for Mr. Peter Mackay is one hundred percent altruistic.......... they should take a look through this discussion........ and it becomes apparent that even when on the surface....... we may appear to be somewhat polite and generous and altruistic................ the wheels are turning....................... and a series of events are being set in motion................ that are likely to benefit us over the long term................. http://www.politicalforum.com/middl...jamin-netanyahu-lets-get-into-production.html
Our economy has been so bad..... that we Canadians need to take drastic measures to liven things up....... The Donald's Wall.... between the USA and Mexico can be looked at as a STAGE.......... it could even double...... as a fish farm...... and could be a little bit like the idea I've been thinking might play a role in bringing the nations of Jordan and Israel to a whole new level of economic cooperation..... Perhaps the Jordanian - Israel Petra Plan..... could be partly replicated in the USA - Mexico wall???? Do you like fish Moi621? Do you feel a little uneasy eating fish caught in the Pacific after Fukushima?
I like "my" Mexicans. And one can tell them from Moi. The Wall I wish for is the one defending the Northern Border View attachment 43462
LOL! We Canadians are pretty scary...... and among the 35 millions of us.... .I may be one of the scariest..... Moi621....... I am so convinced that the being of light of NDE fame..... is truly The Messiah/ Moshiach..... in H-s immortal and glorified form..... speaking clearly and plainly of the Ancient of Days the Father...... and the Ancient of Days the Mother...... that if I am wrong about this...... I could be leading a lot of people astray?????! http://www.politicalforum.com/relig...eventually-led-back-heaven-paradise-love.html Universal Salvation, is everybody eventually led back to heaven/paradise/love? Mr. Christian Andreason, when attempting to put his astonishing near death experience into terms that all of us can relate to presented a powerful case...that yes....we will eventually all be "saved" and brought back into a state of mind of light and love! For the time being it seems that differences in opinion over various doctrines is one of the greatest tests that we religious people face?! Christian Andreason, Chapter 3: "Who goes to Heaven? http://www.near-death.com/andreason.html Moi621.... that being of light is so seriously cool....... and so hip..... and so modern..... that if that being of light..... is in reality a fallen angel appearing as an angel of light then....... if that being of light is really Satan / The Devil..... then it is no wonder that a third of the angels would follow this seriously cool being of light?????!
Moi621... .my diabolical plan..... is to figure out a way to come up with a somewhat different form of money...... .that is available in an unlimited supply....... that I believe should be connected to a plan to bring full employment to North America.... because a being composed of fundamental energy... who has been working on creating the universe as a stage.... and us as children who act out our role on that stage....... then surely that being would place off the scale value on each and every one of us..... so surely.... there is a way to turn all 320 million Americans...and all 35 million Canadians.... into semi-reality science fiction film stars.......?! DIABOLICAL Eh?????!
Moi621.... I just read a fascinating explanation for a shift that took place in the early 1970's that sure helps to explain our messed up economy.........(at least in comparison to what is theoretically possible, and proven by the P. M. MacKenzie King 1940 - 1974 monetary experiment)! http://www.eoionline.org/blog/x-marks-the-spot-where-inequality-took-root-dig-here/ ‘X’ Marks the Spot Where Inequality Took Root: Dig Here
Or..... in many parts of the world should we deliberately engage in huge levels of desalination of ocean water for agriculture, industry, towns and cities...... to replenish those natural aquifers???? I would love to get your reaction to my theory on how this may perhaps relate to the USA Federal Reserve system? http://www.politicalforum.com/showthread.php?t=463371&page=56&p=1066688825#post1066688825
In the light of the conflict between the Nova Scotia Teacher's Union with the Nova Scotia McNeil provincial government I feel that this topic needs to be put in front of more Canadians.
Not being from Canada I can't answer your question specifically but I can point out a problem with the argument. The increase in the national debt isn't based upon the "gold standard" but instead is due to the failure to link taxation with authorized expenditures. I solved that problem with a tax proposal I made for the United States where our entire national debt is due to borrowing to fund the general expenditures from the general tax revenue overwhelmingly provide for with out income tax. The short version of that proposal is as follows. 1. All income dollars are the same regardless of source of income or the entity (household or business/corporation) that receives the income. 2. Taxation is imposed upon "profits" that for a business is determined by strict accounting of expenditures and for the household would be simplified to "median income" of all households. Up to the median income would be the "cost of living" and exempted from taxation for the household and all income above the median income would be "profit" that is taxed. Above the legitimate business expenditures would also be profit. 3. A single tax rate would be created each year based upon the authorized general expenditures divided by 50% (to account for the exemption) of the projected gross personal income (and any adjustments necessary for any errors in the preceding year's estimates). Because there's linkage between the authorized expenditures and the tax rate imposed on (50%) of the gross personal income, plus any adjustments due to errors in the estimates, it always results in a balanced budget. It's also progressive based upon tax burden relative to income for all households because the "exemption" eliminated the initial tax burden. Finally it's always affordable because it's imposed on "profits" only and not on the necessary expenditures. In 2013 (after the fact) I calculated the tax rate and it would have been a 29% income tax rate based upon actual expenditures and actual gross personal income. It 2014 gross personal income increased more that the general expenditures and the rate dropped down to only 24%. The reason there's deficit spending is because many politicians refuse to collect the necessary revenue to fund the expenditures. The employ BS logic to oppose the taxation necessary and are generally guilty of refusing to establish a "fair tax code" that imposes the same tax burden on the wealthy that they impose on people with lower incomes. In the United States we have this inequity based upon "earned income" (for labor) vs "unearned income" (from investments) where earned income is basically taxed at twice the rate (39.6%) of unearned income (20%) while the wealthiest of households have "unearned" income. The top 1/10th of 1% of income household's in the United States with a median income of $22 million from "unearned income" have a lower tax burden relative to income than a household with $90,000 in earned income from working all year long. So simply stated if the government adjusts the taxes to furnish the necessary revenue to fund the expenditures then there's no deficit and no national debt. This has nothing to do with the gold standard or even with consumption because the majority of the tax will come from those with most of the money and they don't use that money for consumption, they use it for investing (that doesn't help the economy because overwhelmingly - like 99% plus - it's in secondary investments and not primary investments). Collect the tax revenues necessary to fund the authorized expenditures and almost by magic the national debt problem disappears.
Here is my basic reasoning...... by taking Canada off a brilliant central banking system that had been in place from 1940 - 1974, P. M. Pierre E. Trudeau set in motion a series of events that caused the Canadian economy to be relatively stagnant in comparison to what it could have been......... which of course also had a dampening effect on the USA economy..... and set the stage for the massive increase in interest rates in the late '70's and early '80's that caused the national debt of both Canada and the USA to spiral out of control. (The USA Federal Reserve would not have been able to so greatly increase interest rates if the neighboring nation had continued with its policy of putting about fifty percent of the money supply of Canada into our economy through low interest loans to provinces and other levels of government for infrastructure projects). Although I don't like what he did..... it sure did dampen the North American economy..... and thus slowed down the entire world economy...... which could be argued was a good thing for the environment?! ...... http://www.michaeljournal.org/artic...ce-our-country-debt-free-say-three-economists The Bank of Canada Must Finance our Country, Debt-Free Say Three Economists Now I believe that it is necessary to look clearly at the errors made in 1974 and do things in a more effective manner so that we can finance the measures needed to transition over to a green and truly sustainable economy and finance large scale desalination of ocean water in order to cool some of the world's hottest deserts..... and divert some water out of the oceans into the water table of those nations that are using more water for towns than annual rainfall levels can replenish. (Note: If P. M. Pierre E. Trudeau had not moved Canada away from a brilliant monetary system in 1974, the stage would NOT have been set up to create a situation where Mr. Donald Trump would nearly go bankrupt due to the high rates of interest that he was paying)!
Here is a quotation from an old Wikipedia article on Donald J. Trump that I quoted several months ago: http://www.politicalforum.com/polit...ald-trump-can-great-president-because-13.html post #124.... Thread: Donald Trump can be a GREAT President because....... https://en.wikipedia.org/wiki/Donald_Trump
This discussion is highly relevant again....... http://www.politicalforum.com/index...ump-has-a-4-3-trillion-dollar-problem.525406/ M. P. Bill Casey... President Trump has a 4.3 trillion dollar problem....
From what I have read on this topic since 1994 I am convinced that it is impossible to fully understand the conflict between the McNeil provincial government and the NSTU unless we take a serious look at the error made by P. M. Pierre E. Trudeau back in 1974. His error.... significantly slowed down the Canadian economy and greatly increased the INTEREST costs in inflation for all branches of government as well as for the private sector. His error...... made it possible for North American interest rates to zoom up to twenty percent a few years later........ because if the P. M. MacKenzie King policy had been continued.................. American companies and State government might have came to Canada to benefit from our lower interest rates. By dampening both the Canadian and American economy.... P. M. Pierre E. Trudeau's mistake....... actually slowed down the entire world economy........ which is a good thing in some ways and a very bad thing in other ways. https://www.michaeljournal.org/arti...ce-our-country-debt-free-say-three-economists This is how I worded the problem in my 2006 campaign: http://www.politicalforum.com/index...egarding-your-strike-vote-february-20.526271/ Nova Scotia Teachers Union... regarding your Strike Vote February 20....
Shiva_TD.... I fear what I am about to do............ I plan to take the Canadian.... then the Israeli.... then the USA and Australian economies out of PESSIMISM.... into OPTIMISM........ and this is scary........ because this could set in motion an economic boom that could result in our CONSUMING the planet and making it uninhabitable! After all.... Moses was arguably histories greatest economist! (Especially if his ideas are combined with that of King Solomon)! Was Moses - Moshe a brilliant economist? "And the LORD came down to see the city and the tower, which the children of men builded. And the LORD said, Behold, the people is one, and they have all one language; and this they begin to do: and now nothing will be restrained from them, which they have imagined to do." (Genesis 11) Ecclesiastes 10:19 "A feast is made for laughter, and wine maketh merry: but money answereth all things. "
Independent Citizens Coalition Of Nova Scotia. I have noticed that Canadian politicians seem fearful to educate voters about the colossal error made by then Prime Minister Pierre E. Trudeau in 1974 that caused the Canadian national debt to spiral out of control. From 1940 to 1974 the Government of Canada put roughly half of the total money supply into the economy through loans issued through the federally owned Bank of Canada. Provincial and municipal governments could borrow the money to build roads, schools, hospitals and sewage treatment facilities at zero or one percent interest. In 1974 we changed our system and since that time a higher and higher percentage of all government debt is financed through loans issued through privately owned banks. At this time it is ninety eight percent. This policy may be great for our banking sector but it was estimated that in the one year of 1995 alone our federal government could have saved roughly SIXTY BILLION DOLLARS in interest payments if we had gone back to creating half the total money supply through these low interest rate loans issued through the bank that is OWNED BY ALL CANADIANS. An excellent question indeed! Wow... may I quote you on that into that discussion? If so ... do you prefer to be quoted as ......... .... I am seriously impressed.... I am a janitor at a school and I don't get to discuss these subjects at this level often.