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#bcpoli
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#bcpoli
@bcpoli
shadowbanned twitter account
British Columbia Katılım Eylül 2008
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@BlaineBadiuk yah, but where is the private investment?
why do taxpayers have to cover it all this time?
john a didn't do it like this
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I wish Pierre would actually learn something from John A. Macdonald.
It was Canada's first PM who had the vision of a national railroad to unify the country.
Conservatives used to believe in building big things.
Now the leader is a NIMBY.
Pierre Poilievre@PierrePoilievre
LIVE: No to Alto // EN DIRECT : non au TGV x.com/i/broadcasts/1…
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@bcpoli @FoodProfessor You might be thinking of low or no interest or forgivable loans. But I don’t think that happened for banks in Canada. They weren’t at risk of failure
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@Stellartonian @FoodProfessor Exmple of a financial asset that is not a bond:
the royal bank of canada has been hawking condos out of the bank in victoria bc since the pandemic
taxpayers bought those projects and the bank took over selling them
standing in line you see the posters all over the bank
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@bcpoli @FoodProfessor If they are public traded shares they are disclosed. Even in US details were disclosed
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@Stellartonian @FoodProfessor bonds are a type of financial asset but it ain't all of them
show me the money
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@bcpoli @FoodProfessor Incorrect
It’s bonds
The government can’t buy equity positions in companies without it being known. There are laws for trades of shares and bonds. Disclosure is required
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@Stellartonian @FoodProfessor please don't act like you know what they bought
canadians are not allowed to see that
all we know is that taxpayers buy assets from financial institutions and a rough amount
that is part of the whole scam and you can't brush over it with "typically"
this never happened before
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@bcpoli @FoodProfessor Typically that’s Canada bonds they are buying. That’s how Canadian banks operate and set interest rates.
You’re thinking of bail outs to individual companies (GM, and in US some of the investment banks that got in trouble with mortgage backed securities). QE is about credit
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@Stellartonian @FoodProfessor quantitative easing is taxpayers buying assets from financial institutions
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@bcpoli @FoodProfessor Buying what investments? Canada didn’t have the mortgage backed securities that the US banks did. That’s why no banks failed or needed bail outs. The USA example is totally different friend. Different banking laws. Canada has the strongest banking system in the world
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@Stellartonian @FoodProfessor it is taxpayers buying bad investments the bank can't cover
conservatives refused to use quantitative easing during the great recession because it was deemed unfair to commoners.
this was the first time used in canada
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@bcpoli @FoodProfessor Some types of Investing by the banks is what is prohibited.
QE is not a bailout. It’s the BOC buying back bonds they sold. It’s to free up credit for businesses and individuals not to cover losses of banks in Canada
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@Stellartonian @FoodProfessor quantitative easing is not prohibited
they used it
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@bcpoli @FoodProfessor Canadian banks were not bailed out. They are prohibited from the investment vehicles that US banks got in trouble with
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@VideoGuy67 @nationalpost it does looks that way
that is one of the challenges the ndp faces
they didn't see themselves in the last leader.
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@bcpoli @nationalpost The NDP was founded to represent the common worker. As we can see from the convention, today’s NDP represent virtue signallers with “luxury beliefs”.
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Fewer than one-third of Canadians think Lewis's NDP is 'relevant,' poll finds nationalpost.com/news/canada/fe…

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@Stellartonian @FoodProfessor quantitative easing was taxpayers bailing out banks for massive losses
why bail out banks and rich people but not people who eat?
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.@bcpoli: to you straight
government run grocery stores and canadian socialism
the hypocrisy of the ruling class is simply too much to bear
#bcpoli@bcpoli
socialism is fine for railways but affordable groceries are socialism quantitative easing is just good business for banks but affordable groceries are socialism let cn build the rail line let banks cover their own losses or STFU about affordable groceries Richie Rich #cdnpoli
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