From: Tony@TheDeli.Sandwich   
      
   All resources will go down as the worldwide recession really starts to bite.   
   America is lying like a rug about GDP, unemployment and company profits. At the   
   very latest that is just after the U.S. election this year stocks will fall at   
   least 80 percent from their present valuations. In Canada the housing market is   
   in the midst of a meltdown. Victoria has fallen about 22 percent from the peak   
   and Vancouver about half that. Alberta real estate has been falling since the   
   summer of 2007. The likely outcome is a 70 percent decline in both vancouver   
   and   
   Victoria the Okanagan valley and the surrounding areas. Saskatchewan and   
   Winnipeg real estate should lose about half their value and the GTA about 40   
   percent. The Canadian taxpayer will be on the hook for about one trillion   
   dollars in defaults as people declaring personal bankruptcy becomes the norm.   
      
   Canuck57 wrote:   
      
   > With the downturn a coming, this time there is no pass for Canada.   
   > While resources might temper it some, most of Canada is economic toast.   
   >   Ontario down graded and plants closing, even makes the debt more   
   > unsustainable.  And the rest of Canada can't afford a Ontario/Quebec   
   > sized bailout.   
   >   
   > Can't really run the old tax-them-sheep more as Canada already has   
   > seniors, low income and disabled paying taxes with a poverty level   
   > income in expensive Canada.  You could be a senior or disabled, income   
   > of say $22K/year but not enough to keep the taxes/utilities and pay   
   > income tax, sell the home.  Sad but true.  In Canada you can be taxed   
   > homeless.   
   >   
   > Tax elasticity isn't there any more.   
   >   
   > Yet more and more are whining for entitlement, civil disobedience, sell   
   > drugs or protest.  Vandalism and theft on the rise.  Same kind of thing   
   > happened 3 years before the Russian Revolution that left Russia a   
   > poverty nation for decades.  Roman Empire too, tax and confiscated from   
   > the rich and they left.  Wasn't just the rich, the productive people too   
   > left.   
   >   
   > A huge cultural problem.  Generations of undisciplined kids raise by   
   > liberally undisciplined parents.....all wanting other peoples money for   
   > nothing.   
   >   
   > And no politician has balls to say no.  No sir, no vision, just   
   > pandering to stay in power.  Meaningless cuts to government bloat, as   
   > who is kidding who?  Harpers cuts are not more than normal course   
   > retirement and attrition, still leaving a larger government than 2006.   
   >   
   > Inflation pressures from corrupt money print for debt policy means   
   > companies cut back on wages and employment.  If you do get a job, it   
   > will pay much less than the previous job holder, unless of course it is   
   > government.  This reduces takes to Ottawa even making matters worse as   
   > big government refuses to right size.   
   >   
   > Government is so inefficient, takes millions of dollars to deport   
   > criminals, they license dope grower and then after making the problem   
   > they get bloat of layer, judge, parole board bloat.  No efficiencies, no   
   > effectiveness. just lots of waste.  Sort of like make problems so you   
   > can hire more government union.   
   >   
   > So far people have been passive about the tax rape on producers.   
   > Because if you can command the wages, or pass it on like Rogers,   
   > Patterson, Wesson, Shaw families can, it works.  But if you can't pass   
   > it one, time to move.   
   >   
   > No one now invests in Ontario manufacturing.  Anyone know of a   
   > profitable producer on the TSX?  Even CPP now invest foreign.  As tough   
   > times are ahead.  Just too many losers and BS taxes and union whine.   
   >   
   > Ontario is going down.  Quebec is already down but subsidized by the   
   > rest of Canada but disproportionately by Alberta.  Thing is, Alberta too   
   > is soon to become a debtor province and can't afford the heavy weight   
   > hand of Ottawa taxation.  Sort of like "The Goose That Laid The Golden   
   > Eggs", killing the goose. Or a tax cutting too low the economy will not   
   > grow in real terms of value.   
   >   
   > No amount of CBC propaganda for the masses is going to work.  Pensions   
   > are being devalued year over year with fixed incomes returning below   
   > inflation returns and TSX declining 11% in 2011 while every market in   
   > the America did better.  The writing is on the wall.  Canada's economic   
   > environment sucks from an investors point of view.   
   >   
   > Canada isn't as far behind Greece or Iceland as we may think.   
   >   
   > Historically nations in this spiral rarely get out of it without hitting   
   > some kind of bottom to then relearn some conservative values or get into   
   > a war.  A currency value declines, bankruptcies, revolutions, anarchy as   
   > you can't put 1/2 a country in jail.  So much dishonored debt, fiat   
   > currency has no long term value.   
   >   
   > Social and cultural decay, the greed of other peoples money will bring   
   > Canada down to third world status if our politicians don't set aside   
   > their stupidities and get a vision other than tax greed.   
   > --   
   > Liberal-socialism is a great idea so long as the credit is good and   
   > other people pay for it.  When the credit runs out and those that pay   
   > for it leave, they can all share having nothing but debt and discontentment.   
      
   --   
   The Grandmaster of the CyberFROG   
      
   Come get your ticket to CyberFROG city   
      
   Nay, Art thou decideth playeth ye simpleton games. *Some* of us know proper   
   manners   
      
   Very few. I used to take calls from *rank* noobs but got fired the first day on   
   the job for potty mouth,   
      
   Bur-ring, i'll get this one: WHAT'S YOUR PROBLEM JERK!!? We're here to help you   
   dickweed, ok, ok give the power cord the jiggily piggily wiggily all the while   
   pushing the power button repeatedly now take everything out of your computer   
   except the power supply and *one* stick of ram. Ok get the next sucker on the   
   phone.   
      
   Deirdre Straughan (Roxio) is a LIAR (Deirdre McFibber)   
      
   There's the employer and the employee and the FROGGER and the FROGEE, which one   
   are you?   
      
   Hamster isn't a newsreader it's a mistake!   
      
   El-Gonzo Jackson FROGS both me and Chuckcar (I just got EL-FROG-OED!!)   
      
   I hate them both, With useless bogus bullshit you need at least *three*   
   fulltime   
   jobs to afford either one of them   
      
   I'm a fulltime text *only* man on usenet now. The rest of the world downloads   
   the binary files not me i can't afford thousands of dollars a month   
      
   VBB = Volume based billing. How many bytes can we shove down your throat and   
   out   
   your arse sir?   
      
   UBB = User based bullFROGGING   
      
   Master Juba was a black man imitating a white man imitating a black man   
      
   Using my technical prowess and computer abilities to answer questions beyond   
   the   
   realm of understandability   
      
   Regards Tony... Making usenet better for everyone everyday   
      
   This sig file was compiled via my journeys through usenet   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)