From: sharx335@hotmail.com   
      
   If people insist on always moving up and up and up to larger and   
   more expensive housing, I have NO sympathy when the shit hits the   
   fan. Let the greedies get their just desserts!   
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
      
   "Tony"  wrote in message   
   news:4F9B2D9B.9F9D1D89@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   
   >   
      
   [continued in next message]   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)