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You are browsing the site archives for January 2014.

Thunder Bay - Voodoo Economics

Thunder Bay – Voodoo Economics

It will only makes sense to borrow the money if  there is a monetary advantage to do so.  If you pay less interest out than interest you take in for instance.   I doubt that is the case here. Even if the two rates were the same, I believe it would still make more sense […]

Thunder Bay - The Lady Doth Protest Too Much, Methinks

Thunder Bay – The Lady Doth Protest Too Much, Methinks

Ominously for the chamber, the city attached to its letter a review of the chamber report by the author of key data the chamber used. “He identifies half a dozen areas where the tax analysis was distorted due to incorrect assumptions,” the city says in a statement. For example, upward tax change in the chamber […]

Thunder Bay - Gold, The Myth

Thunder Bay – Gold, The Myth

There is going to be a run on gold…soon.  Many financial institutions have oversold gold. Not physical gold mind you.  Paper gold. There are many times more gold represented in certificates than actually physical exists. If you have gold certificates, then maybe you should go down to your financial institution and exchange that paper the […]

Thunder Bay - Bullying

Thunder Bay – Bullying

“The (chamber of commerce) report applies incorrect assumptions with respect to tax rates, tax forecasts and assessment changes,” the letter states. as·sump·tion noun something taken for granted; a supposition: a correct assumption. Synonyms: presupposition;hypothesis, conjecture, guess, postulate, theory. So if an assumption is a guess, a theory or a hypothesis, then how can the Chamber of Commerce apply incorrect assumptions? The City of Thunder Bay can, at best, […]

Thunder Bay - Pay Now For What You Spend Now

Thunder Bay – Pay Now For What You Spend Now

Interesting…the Province of Ontario, which cannot produce a balanced budget if their life depended on it, and is carrying a debt load of telling municipalities how they should finance their infrastructure projects.  Really? And who benefits from this policy of debt financing?  Well I can think of four parties: politicians, city employees and banks/investors. Politicians […]