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  #921  
Old Posted Jul 21, 2017, 6:20 AM
sunsetmountainland sunsetmountainland is offline
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Originally Posted by Caliplanner1 View Post
We live in a world of "letters" where formal education does carry weight (except of course for some politicians,..LOL).

Why hate because I'm giving evidence to the effect that I understand both the worlds of business and government -via both academic achievement (re: MBA/MPA etc.) and real world experience (having made money in the U.S. stock market/real estate etc.).

Being financially well off doesn't mean that I can't see/appreciate the shortcomings of the business world and thus the need for costly government (market) intervention (contrary to the ignorant comments of some of your buddies here in this forum)!
No hate here but you do not understand both the worlds of business and government! You have shown evidence of hyperboles.
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  #922  
Old Posted Jul 21, 2017, 2:27 PM
Caliplanner1 Caliplanner1 is offline
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Originally Posted by sunsetmountainland View Post
I would suggest that if you really understood business! You would not work in the public sector!

Your arguments are vague and unconvincing! I look up to brilliant and honest business folks. Those that can make change to a better world. Bill Gates, Warren Buffet, as well as Jimmy Patterson all can be considered "philanthropist" I really do not care how much money I can make but what type of impact I can make to help those less fortunate!

If you look at the economic system collapses it is mostly in the public sector left wing servants bleeding the system dry!

That is why the N.D.P. is always a one term government just like all facets of life has (relative) limitation we should both remeber that!
sunsetmountainland...your suggestion that "if you really understood business! You would not work in the public sector!" is exactly the myth that I enjoy dispelling. When I worked at Caltrans (re: the California state department of transportation) there were folks there with all kinds of professional degrees and qualification/experience....from lawyers to folks with finance degrees to engineers etc., etc.,..if for no other reason than the fact that government has to work/operate in a wider capitalist environment.

What I have noticed though is that many folks who think like you do tend to blame government for national economic problems and NEVER the collective failings of the private sector via capitalism per se (keeping in mind that perceived acts of public sector socialism would NOT have been necessary or politically viable if capitalism had been structurally perfect and without liability or weakness). To better understand this argument please list ALL the interconnected factors that caused the Great Depression in the 1930's.

So, if you look at right wing views on the causes of the Great Depression or even the recent Great Recession you will find that right wing thinkers (like say a Mike Campbell on Canadian radio's "Money talk" or American Rush Limbaugh etc.) do not see or understand the collective realities/impact of the ongoing tendency for GROWING income inequality and attendant GROWING debt which serve to precipitate falling rates of effective consumption/falling profits/falling tax revenues towards collapsing the economy....with government having to come to the rescue via tax funded bailouts, QE2's and targeted government spending to jump start key industries within the private sector (lessons learnt from the many first world New Deal programs of the Great Depression era).

As per your assertion about left wing public sector bureaucrats are "bleeding the system dry" (I guess simply to myopically gain reelection via populism) you fail to understand that unfettered capitalism (without government aid for the poor and wealthy) will result in ANTI-status quo revolutions on the scale of the French and Bolshevik....with private acts of (conscience burdened) philanthropy (by the rich-e.g. Bill Gates etc.) also serving to soften the harshness of capitalism towards preempting violent revolution.

By-the-way, here are a couple of facts that you seem not to understand. 1) in the U.S., the bastion of Western capitalism, wealthy corporations receive far more government welfare than poor workers/families etc.-e.g. industry subsidies, tax breaks, government contracts, financial bailouts etc., with even welfare for the poor, like food stamps, ultimately ending up back in the pockets of the rich as the poor spend these food stamps in the stores of the rich-, 2) government is the SINGLE LARGEST employer of resources and people to gird the fragile private sector and its profits (with the reality that its possible-even if not desirable- to have a nation-state without a private sector but never without government/the public sector).

Finally, the irony of running government within our capitalist system is that government is ultimately run BY THE RICH BUSINESSMAN/POLITICIAN -E.G. BUSH/TRUMP/CHENEY/REAGAN ETC.- to benefit the wealthy (elite few) within the business status quo and not the majority working class, hence should the NDP fail to deliver on its social welfare (re: socialism) goals such failure would not necessarily be an indictment on the lack of validity of such programs but rather the systemic inability of the capitalist market-place to accommodate the costly/expensive and non-profitable services that constitute government's social equity mission (which differs from the private sector's profit first mantra--A CONSTANT CONUNDRUM FACED WHEN PUBLIC SECTOR PLANNERS ARE FORCED TO RECONCILE THE PRIVATE -BANKING/FINANCE- SECTOR NEED FOR INCREASING PROFITS IN JUXTAPOSITION TO GOVERNMENT'S ATTEMPT TO DELIVER CRITICAL COMMUNITY SAVING SERVICES TO THE MANY CONSTITUENTS WHO HAVE A DIFFICULT TIME PAYING).

Last edited by Caliplanner1; Jul 21, 2017 at 3:37 PM.
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  #923  
Old Posted Jul 21, 2017, 4:04 PM
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Originally Posted by Caliplanner1 View Post
sunsetmountainland...your suggestion that "if you really understood business! You would not work in the public sector!" is exactly the myth that I enjoy dispelling. When I worked at Caltrans (re: the California state department of transportation) there were folks there with all kinds of professional degrees and qualification/experience....from lawyers to folks with finance degrees to engineers etc., etc.,..if for no other reason than the fact that government has to work/operate in a wider capitalist environment.

What I have noticed though is that many folks who think like you do tend to blame government for national economic problems and NEVER the collective failings of the private sector via capitalism per se (keeping in mind that perceived acts of public sector socialism would NOT have been necessary or politically viable if capitalism had been structurally perfect and without liability or weakness). To better understand this argument please list ALL the interconnected factors that caused the Great Depression in the 1930's.

So, if you look at right wing views on the causes of the Great Depression or even the recent Great Recession you will find that right wing thinkers (like say a Mike Campbell on Canadian radio's "Money talk" or American Rush Limbaugh etc.) do not see or understand the collective realities/impact of the ongoing tendency for GROWING income inequality and attendant GROWING debt which serve to precipitate falling rates of effective consumption/falling profits/falling tax revenues towards collapsing the economy....with government having to come to the rescue via tax funded bailouts, QE2's and targeted government spending to jump start key industries within the private sector (lessons learnt from the many first world New Deal programs of the Great Depression era).

As per your assertion about left wing public sector bureaucrats are "bleeding the system dry" (I guess simply to myopically gain reelection via populism) you fail to understand that unfettered capitalism (without government aid for the poor and wealthy) will result in ANTI-status quo revolutions on the scale of the French and Bolshevik....with private acts of (conscience burdened) philanthropy (by the rich-e.g. Bill Gates etc.) also serving to soften the harshness of capitalism towards preempting violent revolution.

By-the-way, here are a couple of facts that you seem not to understand. 1) in the U.S., the bastion of Western capitalism, wealthy corporations receive far more government welfare than poor workers/families etc.-e.g. industry subsidies, tax breaks, government contracts, financial bailouts etc., with even welfare for the poor, like food stamps, ultimately ending up back in the pockets of the rich as the poor spend these food stamps in the stores of the rich-, 2) government is the SINGLE LARGEST employer of resources and people to gird the fragile private sector and its profits (with the reality that its possible-even if not desirable- to have a nation-state without a private sector but never without government/the public sector).

Finally, the irony of running government within our capitalist system is that government is ultimately run BY THE RICH BUSINESSMAN/POLITICIAN -E.G. BUSH/TRUMP/CHENEY/REAGAN ETC.- to benefit the wealthy (elite few) within the business status quo and not the majority working class, hence should the NDP fail to deliver on its social welfare (re: socialism) goals such failure would not necessarily be an indictment on the lack of validity of such programs but rather the systemic inability of the capitalist market-place to accommodate the costly/expensive and non-profitable services that constitute government's social equity mission (which differs from the private sector's profit first mantra--A CONSTANT CONUNDRUM FACED WHEN PUBLIC SECTOR PLANNERS ARE FORCED TO RECONCILE THE PRIVATE -BANKING/FINANCE- SECTOR NEED FOR INCREASING PROFITS IN JUXTAPOSITION TO GOVERNMENT'S ATTEMPT TO DELIVER CRITICAL COMMUNITY SAVING SERVICES TO THE MANY CONSTITUENTS WHO HAVE A DIFFICULT TIME PAYING).

Well said. And thank you for taking the time. I would not have had the patience to hang in this thread as long as you have!
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  #924  
Old Posted Jul 21, 2017, 6:18 PM
Caliplanner1 Caliplanner1 is offline
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Originally Posted by PaperTiger View Post
Well said. And thank you for taking the time. I would not have had the patience to hang in this thread as long as you have!
I have learned "patience" via many years as a (part-time university) educator explaining/teaching (the complex) seemingly nonsensical realities of counterintuitive thinking.

In saying all that, I (like Karl Marx-who a lot of people misunderstand towards not realizing his embrace of the benefits of capitalism in his OBJECTIVE writings) am NOT against capitalism per se,...but I do understand its Ponzi-casino like systemic contradictions (e.g. aggressive pro-profit/anti labor-cost cutting mantras while expecting increased profits from a labor decimated/discounted labor girded, consumer marketplace)!

Last edited by Caliplanner1; Jul 21, 2017 at 7:02 PM.
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  #925  
Old Posted Jul 21, 2017, 8:33 PM
retro_orange retro_orange is offline
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Originally Posted by Caliplanner1 View Post
I have learned "patience" via many years as a (part-time university) educator explaining/teaching (the complex) seemingly nonsensical realities of counterintuitive thinking.

In saying all that, I (like Karl Marx-who a lot of people misunderstand towards not realizing his embrace of the benefits of capitalism in his OBJECTIVE writings) am NOT against capitalism per se,...but I do understand its Ponzi-casino like systemic contradictions (e.g. aggressive pro-profit/anti labor-cost cutting mantras while expecting increased profits from a labor decimated/discounted labor girded, consumer marketplace)!
Yea... sunsetmountainland is sounding like a paid troll, just take a quick look at their post history... about 3 pages in are some very indicative posts. Not really worth responding to IMO.
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  #926  
Old Posted Jul 21, 2017, 9:23 PM
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Quote:
Originally Posted by Caliplanner1 View Post
We live in a world of "letters" where formal education does carry weight (except of course for some politicians,..LOL).

Why hate because I'm giving evidence to the effect that I understand both the worlds of business and government -via both academic achievement (re: MBA/MPA etc.) and real world experience (having made money in the U.S. stock market/real estate etc.).

Being financially well off doesn't mean that I can't see/appreciate the shortcomings of the business world and thus the need for costly government (market) intervention (contrary to the ignorant comments of some of your buddies here in this forum)!
A lot of us here do have formal educations, we just don't throw our letters around as though that means that whatever we are saying is correct.

There are two very different ways to debate a point:

1. "You're wrong, I know because I have XX degree"

or

2. "I disagree because of fact X and Fact Y"

No one likes the first guy. he comes off as pompous and ironically uneducated as no actual facts or intelligent points have been made.

Last week you were so quick to try and belittle my argument by condescendingly telling my your educational history, assuming I have none. After so brazenly starting your response to my post with an 'LOL' then questioning where I went to school, then postulating on how my education was missing components such as exposure to the IMF, you went on to say I "do not understand that of which you speak".

The best part of all of that pomposity is that you were flat out wrong.

Now there's nothing wrong with being wrong, I am all the time, but it's all about how one goes about doing it. Debates on this forum are healthy, but they need to be done in a constructive manner.

Long story short, if you want to debate something be like person 2 not person 1. Person 1 doesn't last long on forums like this one.

Oh and by the way since you seem to put so much weight on it, I have an MBA with a specialization in corporate finance, but I like to let facts do my talking, not my letters.
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  #927  
Old Posted Jul 21, 2017, 10:47 PM
Caliplanner1 Caliplanner1 is offline
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Originally Posted by LeftCoaster View Post
A lot of us here do have formal educations, we just don't throw our letters around as though that means that whatever we are saying is correct.

There are two very different ways to debate a point:

1. "You're wrong, I know because I have XX degree"

or

2. "I disagree because of fact X and Fact Y"

No one likes the first guy. he comes off as pompous and ironically uneducated as no actual facts or intelligent points have been made.

Last week you were so quick to try and belittle my argument by condescendingly telling my your educational history, assuming I have none. After so brazenly starting your response to my post with an 'LOL' then questioning where I went to school, then postulating on how my education was missing components such as exposure to the IMF, you went on to say I "do not understand that of which you speak".

The best part of all of that pomposity is that you were flat out wrong.

Now there's nothing wrong with being wrong, I am all the time, but it's all about how one goes about doing it. Debates on this forum are healthy, but they need to be done in a constructive manner.

Long story short, if you want to debate something be like person 2 not person 1. Person 1 doesn't last long on forums like this one.

Oh and by the way since you seem to put so much weight on it, I have an MBA with a specialization in corporate finance, but I like to let facts do my talking, not my letters.
Go back and read carefully the context of my reason for discussing my (PARTIAL) academic training (to which there is much more-if I really wanted to carelessly brag) and RELATED work experience (re: in the BUSINESS of public sector rail project finance) to understand the acute relevance of my actions. What seems to "hurt" is the fact that I totally discredited some right wing forumite who was so very sure (in his condescension) that I (AS A RETIRED PUBLIC SECTOR/GOVERNMENT WORKER) have no clue about the critical essence of business (and thus my economic/finance related comments should be DISCOUNTED and hence relegated only to the non consequential political thread)....LOL

As per your MBA qualification in finance I was hoping you would persist in challenging my assertion that a country's money supply can be increased via foreign (money) investment inflows (alongside expanding bank loans and government printing money)! LOL

Last edited by Caliplanner1; Jul 22, 2017 at 12:33 AM.
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  #928  
Old Posted Jul 22, 2017, 7:15 AM
sunsetmountainland sunsetmountainland is offline
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Let us start:

Your quote
Quote:
sunsetmountainland...your suggestion that "if you really understood business! You would not work in the public sector!" is exactly the myth that I enjoy dispelling. When I worked at Caltrans (re: the California state department of transportation) there were folks there with all kinds of professional degrees and qualification/experience....from lawyers to folks with finance degrees to engineers etc., etc.,..if for no other reason than the fact that government has to work/operate in a wider capitalist environment.
What myth does this dispel? Too my mind it is an opinion. I have an opinion also their is a difference between public sector and private sector.

"Joy MacPhail now chair to ICBC" "Kenneth G. Peterson new chair of B.C. Hydro"

The list goes on but I know you get the point!

Your quote:

Quote:
What I have noticed though is that many folks who think like you do tend to blame government for national economic problems and NEVER the collective failings of the private sector via capitalism per se (keeping in mind that perceived acts of public sector socialism would NOT have been necessary or politically viable if capitalism had been structurally perfect and without liability or weakness). To better understand this argument please list ALL the interconnected factors that caused the Great Depression in the 1930's.
So you are suggesting you understand how I think? That I blame government! Wrong. The government is the people. I have never blamed the people. I have blamed the N.D.P for past transgressions against the people of the province of British Columbia.

Yet in this paragraph you lecture against the government after suggesting that people like "me" "blame the government for national economic problems"

Quote:
Finally, the irony of running government within our capitalist system is that government is ultimately run BY THE RICH BUSINESSMAN/POLITICIAN -E.G. BUSH/TRUMP/CHENEY/REAGAN ETC.- to benefit the wealthy (elite few) within the business status quo and not the majority working class
So we have an understanding that the government is the people. Now we have an election.These same people can vote in the election this means the business man. This also means the majority working class! This means you are welcome to start your communist party or socialist party and if you win the people have voted you in.

Quote:
As per your assertion about left wing public sector bureaucrats are "bleeding the system dry" (I guess simply to myopically gain reelection via populism) you fail to understand that unfettered capitalism (without government aid for the poor and wealthy) will result in ANTI-status quo revolutions on the scale of the French and Bolshevik....with private acts of (conscience burdened) philanthropy (by the rich-e.g. Bill Gates etc.) also serving to soften the harshness of capitalism towards preempting violent revolution.
You my friend are very extreme! I think it would do you some good to live in a country without capitalism. I think that it would have been tough to live in a Stalin Russia? Perhaps you would fit in a communist China with Chairman Mao?

You have an endless disregard for Capitalism. Why do you still live in a Capitalist country? Perhaps it is because it gives you the best advantages life has to offer?



Quote:
By-the-way, here are a couple of facts that you seem not to understand. 1) in the U.S., the bastion of Western capitalism, wealthy corporations receive far more government welfare than poor workers/families etc.-e.g. industry subsidies, tax breaks, government contracts, financial bailouts etc., with even welfare for the poor, like food stamps, ultimately ending up back in the pockets of the rich as the poor spend these food stamps in the stores of the rich-, 2) government is the SINGLE LARGEST employer of resources and people to gird the fragile private sector and its profits (with the reality that its possible-even if not desirable- to have a nation-state without a private sector but never without government/the public sector).

I might be right of center sure but I do not live in the states. So, you my friend must live in absolute torture? While you spend your time on a forum about Canada that is quiet left wing I might add. I have never met a person so bigoted and myopic! Your hyperbole about capitalism is as fantastic as I have ever heard! I will say this I do think you are a special person. I am also glad I do not live in your world!
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  #929  
Old Posted Jul 22, 2017, 10:52 AM
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Prometheus Prometheus is offline
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Quote:
Originally Posted by Caliplanner1 View Post

As per your assertion about left wing public sector bureaucrats areBY THE RICH BUSINESSMAN/POLITICIAN -E.G. BUSH/TRUMP/CHENEY/REAGAN ETC.

A CONSTANT CONUNDRUM FACED WHEN PUBLIC SECTOR PLANNERS ARE FORCED TO RECONCILE THE PRIVATE -BANKING/FINANCE- SECTOR NEED FOR INCREASING PROFITS IN JUXTAPOSITION TO GOVERNMENT'S ATTEMPT TO DELIVER CRITICAL COMMUNITY SAVING SERVICES TO THE MANY CONSTITUENTS WHO HAVE A DIFFICULT TIME PAYING).
Dear Mr. Professor Emeritus,

In addition to doing all caps, could you please increase the SIZE OF YOUR FONT as well? It would really help impress the inescapable power of your logic.

Faithfully,

Your Pupil
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  #930  
Old Posted Jul 22, 2017, 6:41 PM
Caliplanner1 Caliplanner1 is offline
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Quote:
Originally Posted by sunsetmountainland View Post
Let us start:

Your quote

What myth does this dispel? Too my mind it is an opinion. I have an opinion also their is a difference between public sector and private sector.

"Joy MacPhail now chair to ICBC" "Kenneth G. Peterson new chair of B.C. Hydro"

The list goes on but I know you get the point!

Your quote:



So you are suggesting you understand how I think? That I blame government! Wrong. The government is the people. I have never blamed the people. I have blamed the N.D.P for past transgressions against the people of the province of British Columbia.

Yet in this paragraph you lecture against the government after suggesting that people like "me" "blame the government for national economic problems"



So we have an understanding that the government is the people. Now we have an election.These same people can vote in the election this means the business man. This also means the majority working class! This means you are welcome to start your communist party or socialist party and if you win the people have voted you in.



You my friend are very extreme! I think it would do you some good to live in a country without capitalism. I think that it would have been tough to live in a Stalin Russia? Perhaps you would fit in a communist China with Chairman Mao?

You have an endless disregard for Capitalism. Why do you still live in a Capitalist country? Perhaps it is because it gives you the best advantages life has to offer?


I might be right of center sure but I do not live in the states. So, you my friend must live in absolute torture? While you spend your time on a forum about Canada that is quiet left wing I might add. I have never met a person so bigoted and myopic! Your hyperbole about capitalism is as fantastic as I have ever heard! I will say this I do think you are a special person. I am also glad I do not live in your world!
As per your last paragraph,..being right of center in Canada actually looks very much to the left of center in the U.S. at the current moment in GOP/Trumpland (given Canada's culture of heavy government spending on socialized medicine and subsidized university education etc).....with such political positions being relatively fluid given time and place.

I have yet to hear you address the real dilemma facing both the public and private sectors....re: capitalism's tendency to precipitate GROWING income inequality and attendant GROWING debt as a (contradictory) function of private sector efficiency mantras/quests!

Last edited by Caliplanner1; Jul 22, 2017 at 6:54 PM.
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  #931  
Old Posted Jul 22, 2017, 7:08 PM
Caliplanner1 Caliplanner1 is offline
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Originally Posted by Prometheus View Post
Dear Mr. Professor Emeritus,

In addition to doing all caps, could you please increase the SIZE OF YOUR FONT as well? It would really help impress the inescapable power of your logic.

Faithfully,

Your Pupil
LOL..now stop ducking and try attacking the logic of my arguments (which I know you hate)......and not the size of my FONT!
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  #932  
Old Posted Jul 22, 2017, 7:51 PM
retro_orange retro_orange is offline
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Let's change this tangent...

Quote:
Metro Vancouver work on regional mobile business licence, regional registration portal for filming

Metro Vancouver is creating an online portal that’s expected to make it easier for film companies to set up shoots in communities across the region.

The regional registration portal for filming is part of Metro Vancouver’s regional prosperity initiative, which involves metro’s municipalities working together to promote economic development.

“Coming up with a system like this to allow your scout managers and the like a one-stop-shop application process is night and day between pretty much any other jurisdiction other than Los Angeles,” said Metro Vancouver board chair Greg Moore. “When we’re competing against everywhere else in the (U.S.) and Toronto, as much as we see this as very minor and it seems really obvious to do, it’s quite big in the industry.”

Currently, representatives from the film industry have to deal with film coordinators in each municipality. Processes, systems and forms vary, which can create delays and extra paperwork for film companies.

The portal would create a standard profile for a film-production company that could be used by all municipalities and would link film companies to the right municipal sites for film permitting.

“Right now we all have film applications on our websites — some are online, some are PDF — and what we’re trying to do is coordinate that into a common application form,” Moore said.

The portal is being created with help from a small working group, led by Creative B.C., that includes municipal film coordinators and representatives from the film industry.

Moore said it will be up to each municipality whether they want to participate, and it’s anticipated the program will eventually be expanded to other areas and organizations.

The portal will likely be up and running later this year.

The regional prosperity initiative is also creating a regional mobile business licence, to make it easier for businesses such as construction companies to become licensed in multiple municipalities.

Businesses that operate across municipal lines are supposed to get licences from each municipality in which they operate. Moore said that according to a provincial registry, there are 50,000 to 60,000 businesses registered in Metro Vancouver, but only about 12,000 have licences.

The province has already developed inter-municipal business licences across B.C. — including four regions in the Lower Mainland — but there is no regional equivalent. Moore called the current system “a patchwork” that can be confusing for businesses.

“Right now it’s not done in the most efficient way,” he said.
The regional model would give eligible businesses the opportunity to get a business licence in their home municipality and then to select up to four sub-regions to operate within. The application process would take place online.

Three working groups are developing a template bylaw and an agreement that can be used by participating municipalities, and are discussing business modelling, technology and revenue sharing.
http://vancouversun.com/news/local-news/...regional-registration-portal-for-filming
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  #933  
Old Posted Jul 22, 2017, 8:11 PM
Caliplanner1 Caliplanner1 is offline
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If my memory is correct, Los Angeles has a similar (overarching) film industry registration program/structure which covers a vast area in Southern California; one much larger than Metro Vancouver's in terms of varied location scenery/landscape attributes and the type of spatial (management/administrative) agencies served etc.. This seems to be a good administrative move for "Hollywood North" towards facilitating easier movie production throughout the region!

Last edited by Caliplanner1; Jul 24, 2017 at 2:41 AM.
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  #934  
Old Posted Jul 24, 2017, 12:05 AM
whatnext whatnext is online now
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Originally Posted by SpongeG View Post
Canadian firm buys Grouse Mountain

CM (Canada) Asset Management Co. Ltd. buys tourist attraction

By Glen Korstrom | July 18, 2017, 11:02 a.m.

A Vancouver-based firm that is more than 60% Canadian owned has bought the North Vancouver tourist attraction Grouse Mountain Resort for an undisclosed amount after the mountain was marketed for $200 million, the resort announced July 18.

Longtime owner Grouse Mountain Resort and new owner GM Resorts Limited Partnership (GM Resorts) announced that there will be no changes to staff or management, and that the mountain will continue operations as usual.

Media reports that pre-empted the news had incorrectly named the new owner as China Minsheng Investment Group, and that group does have an investment in GM Resorts. The exact amount of Chinese investment in GM Resorts, however, is unclear.

GM Resorts Limited Partnership was established by CM (Canada) Asset Management Co., Ltd. (CM Canada), which is a Canadian investment and asset-management company that has more than 60% ownership by Canadian investors, according to a news release from the resort.

That release outlined the sale and said that China Minsheng Investment Group subsidiary CMIG International is CM Canada’s international investor.

...
https://www.biv.com/article/2017/7/canadian-firm-buys-grouse-mountain/
LOL, talk about going to great lengths to try and deny that the Canadian company is anything but a subsidiary of China Minsheng Investment! I wonder if this is because China is cracking down on some of the so-called "grey rhinos"?

https://www.nytimes.com/2017/07/23/business/china-economy-gray-rhinos.html?ref=business
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  #935  
Old Posted Jul 24, 2017, 12:16 AM
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Originally Posted by whatnext View Post
LOL, talk about going to great lengths to try and deny that the Canadian company is anything but a subsidiary of China Minsheng Investment! I wonder if this is because China is cracking down on some of the so-called "grey rhinos"?

https://www.nytimes.com/2017/07/23/business/china-economy-gray-rhinos.html?ref=business
Arbritrary shell company holding onto another shell company, which in turn holds actual asset to try to hide the actual identity of owners
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  #936  
Old Posted Jul 24, 2017, 11:55 PM
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Originally Posted by Caliplanner1 View Post
I was hoping you would persist in challenging my assertion that a country's money supply can be increased via foreign (money) investment inflows (alongside expanding bank loans and government printing money)! LOL
You did? That's kinda strange, since there's not much to challenge, the central bank controls the money supply. Full stop.

LOL?
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  #937  
Old Posted Jul 25, 2017, 1:01 AM
Caliplanner1 Caliplanner1 is offline
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You did? That's kinda strange, since there's not much to challenge, the central bank controls the money supply. Full stop.

LOL?
You have a right to laugh....because no one here has argued that the central bank doesn't "CONTROL" the money supply per se. In fact, central banks often require commercial banks to deposit extra cash-on-hand with them.

Thus, the argument wasn't about who or which agency controls a country's money supply but rather HOW the money supply (that is being "controlled" by the central bank in question) gets generated/grown/expanded before it gets "controlled"....the three ways being: government printing money, bank loan expansion and foreign (money capital) inflows. You can now take that to the bank (pun intended)!

Last edited by Caliplanner1; Jul 25, 2017 at 1:23 AM.
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  #938  
Old Posted Jul 25, 2017, 1:54 AM
Caliplanner1 Caliplanner1 is offline
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LeftCoaster, if you really want to understand my point above think of the central bank as a given country's executing REGULATOR of both government (e.g. monetary) policy actions and commercial market activity as facilitated by the given local banking system.
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  #939  
Old Posted Jul 25, 2017, 10:16 PM
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Quote:
Originally Posted by Caliplanner1 View Post
no one here has argued that the central bank doesn't "CONTROL" the money supply per se.
No, you literally said incoming capital inflows increase a country's money supply:

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Originally Posted by Caliplanner1 View Post
Massive inflows of foreign investment funds serves to further increase the amount of available investment funds (re: supply of money) available within the Canadian banking system
Not even once, but twice:

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Originally Posted by Caliplanner1 View Post
when money is brought into the country by foreign investors it ends up in the Canadian banking system to add to the pool of potential investment dollars (thus the potential to drive down interest rates in general)
So yes, you did say that. You've been trying to spin it ever since, but that's what you said.

You then went on to say that you can buy a home in Canada without Canadian funds... Not sure where you fit that into your doctrine of Central banks controlling monetary policy? Needless to say you can't.

Quote:
Originally Posted by Caliplanner1 View Post
That's a dumb assertion at best because foreign investors may not necessarily buy a home with Canadian funds. I for one as an American invested American dollars here in Canada (not Canadian dollars).
Bottom line is you were arrogant in your posting and flat out wrong yet still somehow refuse to admit it. Shouldn't you be more mature than this? weren't you a part time professor or something like that?

Also, I put the 'LOL' with a question mark because you keep using it. I don't understand what is so funny. It's really just kind of sad.
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  #940  
Old Posted Jul 26, 2017, 12:08 AM
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Interesting timing. Petronas 36 billion lng project dead.

https://www.biv.com/article/2017/7/petronas-pulls-plug-pacific-northwest-lng-project/
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