Bank of Canada surprises many with key interest rate hike – Jul 13, 2022
The Bank of Canada used this policy tool for the first time when the pandemic hit to fight off the risk of deflation. It bought government bonds from financial institutions using settlement balances, or reserves, that it deposited into the accounts of financial institutions and paid interest on. As the bank stated, these reserves are not the same as cash.
“They don’t have nowhere near the media arsenal of the people who are trying to promote the wrong agenda. So, they’re in some sense massively outgunned,” he said.
This sums up the Bank of Canada Twitter thread pretty well...
crypto_voices
Not really.
“aCtuALy wE CAll iT qUaNTitiVE EAsiNG”
66% of Canadians are financially illiterate, so it makes sense to explain. They need to educate people cdnpoli
didn't bother to read, I guess Science now says inflation grows in trees?
Which confirms that they are.
Yeah, this guy can fix it.
They created bank reserves out of thin air which then got lent out creating new money. Semantics. Bottom line is M2 skyrocketed at the behest of the BoC. Don’t let the scammers obfuscate.
People you do realize any other job if you F up this monumentally your are fired. Why is Tiffany still employed? Tiffany salvage some pride for your epic failure and resign. Canadians are anxiously awaiting.
Why is Tiffany allowed to remain employed people? We expect an immediate resignation for your historic failure Tiffany. Have some pride and resign immediately so a qualified individual can save our country.
Koty_Auditore
This is both TRUE and NOT TRUE. QE is a swap program for GOV debt and during the crisis MBSs. Banks trade these assets which may go non-bid with the BOC for highly liquid reserves. The reserve notes have a face value priced in CAD, count as cash equiv and can be redeemed for CAD
lots of people refute all kinds of things...lawyers represent 2 different clients that both refute a claim, happens every day.
Okay. I guess printing money isn't the correct phrase. How about engaging in a fractional reserve banking Ponzi scheme? Will that work?
Did they find it all under Trudeaus couch?
virtual printing. we know, no need to deny BOC.
Dollars aren't printed they are borrowed.
If the BoC doesn't permit the printing of money, who does?
So lying to the public is okay ?!?! TrudeauIsDestroyingCanada TrudeauForTreason TrudeauCorruption WEFpuppet
nojoudalmallees do you feel openly lying to the public is an honourable line of work?
So it just showed up... cool cool cool.🤣
Except the BOC is lying and did print money. Lots of it.
Global polluters are fighting tooth and nail to keep their profits. Buying media and politicians to destroy democracies around the world.