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| Good summary Von, and yet no one at the Fed, the Bank of Canada or any section of government whose purpose is apparently to serve the public's best interests has yet to figure this out - ever. It's like the government is working for those who pull the monetary system levers.
And in a truly surprising coincidence, government implements capital gains taxes to claw back any gains one may make when avoiding currency devaluation and theft of your labor by holding assets that appreciate.
A house starts loosing value the day it is first lived in. Things wear, get outdated, roofs need repair in time and such. But for some reason we find they don't drop in value, but rather increase. And increase to such a level that the low income earners can't afford homes of any kind so government creates all kinds of initiatives to help poor afford housing. If only the same government would figure out that in their service of public interests, that the government should actually manage the monetary system to remove the escalation of housing created by devaluation of the nations currency which the government is supposed to defend.
Until even one of the +10,000 people in charge of managing the most fundamental portion of the economy figures this out then theft via inflation will continue. And the poorer will get poorer as they can't afford assets.
The BoC doesn't understand the most basic things of what they are in charge of. I find that curious. Or perhaps the more interesting aspect is the genral public does not understand the basic realities and simply follow what they are told. | |
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Canadian interest hits trigger rates
