Most Canadians know that federal monetary policies can create inflation and reduce the purchasing power of the Canadian dollars they spend. There is more to this story.
Gene, I agree that inflation is another form of taxes.
As to the Central Bank, just another way to control the population and keep the DS with a steady income.
When the current money system has run its course and the CBDC (Central Bank Digital Currency) fails an overhaul of the worlds financial systems will be in order. My tin hat says we will do away with the Central Banks and the DS. (Globalists )
> it can lead to a decrease in the money supply, which can cause a recession and deflation
Clowns, in Clown World :p. Why would a decrease in money supply cause a recession :P. Whenever bitcoins are lost or "burned" we rejoice because it increases the purchasing power of the remaining ones. (It's such a dumb bogeyman, it's one of the emperor's robes.)
> The Bank of Canada has kept its interest rates low in recent years to stimulate economic growth and employment
ie. to stimulate artificial booms, that inevitably lead to painful busts.
> The bank has been using monetary policy to support the economy during the COVID-19 pandemic
... after they wrecked the economy by violently preventing people from working/moving, after they recklessly dishonestly bioengineered that gain-of-function bioweapon. Honk hooonk.
Also, simply focusing on the numbers is kinda a red herring. The real crime is the physical violence directly behind this curtain - we're violently forced to use their constantly devaluing toilet paper shitcoins, and violently prevented from using better ones. Ie. it's not unimaginable that some communities might want "high inflation" (eroding purchasing power, increasing money supply)
Gene, I agree that inflation is another form of taxes.
As to the Central Bank, just another way to control the population and keep the DS with a steady income.
When the current money system has run its course and the CBDC (Central Bank Digital Currency) fails an overhaul of the worlds financial systems will be in order. My tin hat says we will do away with the Central Banks and the DS. (Globalists )
> it can lead to a decrease in the money supply, which can cause a recession and deflation
Clowns, in Clown World :p. Why would a decrease in money supply cause a recession :P. Whenever bitcoins are lost or "burned" we rejoice because it increases the purchasing power of the remaining ones. (It's such a dumb bogeyman, it's one of the emperor's robes.)
> The Bank of Canada has kept its interest rates low in recent years to stimulate economic growth and employment
ie. to stimulate artificial booms, that inevitably lead to painful busts.
> The bank has been using monetary policy to support the economy during the COVID-19 pandemic
... after they wrecked the economy by violently preventing people from working/moving, after they recklessly dishonestly bioengineered that gain-of-function bioweapon. Honk hooonk.
Also, simply focusing on the numbers is kinda a red herring. The real crime is the physical violence directly behind this curtain - we're violently forced to use their constantly devaluing toilet paper shitcoins, and violently prevented from using better ones. Ie. it's not unimaginable that some communities might want "high inflation" (eroding purchasing power, increasing money supply)