Everyone who holds Canadian Dollars is picking up the bill. By holding the bag. Inflation is a stealth tax. Money printer go brrrrrrtt.
If you're an Antifa cuck who has no savings, only debt, inflation is fucking great if you're the one whose getting paid by the government.
If you actually have savings, you're going to get REKT'd.
My interest rate on my high-interest savings account just got obliterated. And I don't feel like investing more in a stock market that is propped up by a money printer either. I wish I bought Gold back in February. I have been listening to Peter Schiff's podcasts now and then in the last 5 years and I dismissed the idea of buying Gold. I own like .54 BTC and like 5.3 ETH that I bought in the early days. Not life changing money or anything. Wish I bought more. Crypto is very risky so I didn't feel comfortable putting much money into crypto.
You prompted me to go check the rates. Royal Bank cut their “High interest e-savings” account from 1% to 0.05%. Absolutely retarded.
My stock portfolio was in oil and pipelines, so that’s going well. The government and its voter base are actively trying to destroy the industry that provides fuel and heat to the rest of the nation, and tax dollars to prop up the other failures. In the USA the zealots are going after pipelines that have been safely operating for decades, and I’m sure that they’re going to come after ours too.
I’ve been saving for a down payment, and it never feels like enough. Even with super low rates, you still need 2 incomes to pay for housing and the essentials. And the essentials keep creeping up in price.
But we've got super low interest rates right now, while it's another bad sign for our economies direction, it's a good time to pick up something tangible with our monopoly money before it goes to crap.
Everyone who holds Canadian Dollars is picking up the bill. By holding the bag. Inflation is a stealth tax. Money printer go brrrrrrtt.
If you're an Antifa cuck who has no savings, only debt, inflation is fucking great if you're the one whose getting paid by the government.
If you actually have savings, you're going to get REKT'd.
My interest rate on my high-interest savings account just got obliterated. And I don't feel like investing more in a stock market that is propped up by a money printer either. I wish I bought Gold back in February. I have been listening to Peter Schiff's podcasts now and then in the last 5 years and I dismissed the idea of buying Gold. I own like .54 BTC and like 5.3 ETH that I bought in the early days. Not life changing money or anything. Wish I bought more. Crypto is very risky so I didn't feel comfortable putting much money into crypto.
You prompted me to go check the rates. Royal Bank cut their “High interest e-savings” account from 1% to 0.05%. Absolutely retarded.
My stock portfolio was in oil and pipelines, so that’s going well. The government and its voter base are actively trying to destroy the industry that provides fuel and heat to the rest of the nation, and tax dollars to prop up the other failures. In the USA the zealots are going after pipelines that have been safely operating for decades, and I’m sure that they’re going to come after ours too.
I’ve been saving for a down payment, and it never feels like enough. Even with super low rates, you still need 2 incomes to pay for housing and the essentials. And the essentials keep creeping up in price.
But we've got super low interest rates right now, while it's another bad sign for our economies direction, it's a good time to pick up something tangible with our monopoly money before it goes to crap.