Maxime Bernier: Inflation and the role of central banks

House of Commons / Finance Committee. Comment and question from Maxime Bernier to the governor of the Bank of Canada, Mark Carney. February 10, 2009 on the price inflation and the role of central banks in the financial crisis.

Category:

News & Politics

Tags:

• Price
• inflation
• and
• the
• role
• of
• central
• banks
• in
• financial
• crisis.

[RicoBoudreau]

I like some of his videos anyway, speaking about true conservatism and income tax. But I dont think he's much like Ron Paul on the Big Brother and War Mongering level. I mean, he supported our mission in Afghanistan...

[RicoBoudreau]

@orangedac True, it seems the deeper I go, the stranger it is. Reality is stranger than fiction if I may, sometimes. But going back to Bernier's ressamblance with Paul - That's really the point I'm intrusted in - do you think he's much like him? 'cause it seems none of the other politicians in the parliament are speaking about govment sponsered credit, or whatever it is.

[orangedac]

@RicoBoudreau

The more you study it, the more confused you will. Eventually you will find out you are not the only one. Even the central banker himself is confused about how the system works. He is just pulling levers and pushing buttons. If things work out, he takes credit for it, if not he just keeps on fiddling around.

Eventually you will find the central bank is an institution setup by banks to game the system - i.e. transfer your wealth to them and transfer their losses to you.

[RicoBoudreau]

@orangedac Maxime Bernier for President, ah, I mean for Prime Minister !? ^^

I just found out about the guy, he's speaking of sound monetary policies like Ron Paul, right? This is so confusing, lol, Its hard to understand the economy when you havent studied it much... At school we learn that it's the Band of Canada that's printing our monney anyway...

[Steady282]

Wow, good on Bernier for asking these questions! Carney just talked and said nothing really trying to show us how “smart” he is, sounded like a lot crap

Carney is a one of Goldman Sachs guys, he’s looking after the big banks and his friends, not Canadians.

[novasisllc]

Hey,guys, what happens to the u.s dollar at the moment is happens to us...since our canadian and u.s economy are related.. There's no ways we can go out of this mess if we continued to follow our goverments guide rules... it about time we take our own decisions regarding our future.... i will sugest you Charles Goyette book (the Dollar Meltdown).... and like M. Mark Faber says....buy physical gold for the rest our your life!!

[austindelrio]

Maxime Bernier is Canada's Ron Paul!!!!

[orangedac]

This politician Maxime Bernier is emerging as the Ron Paul of Canada, Its a good thing he's starting this debate now before Canada's finances reaches the point where the US is today.

In my opinion, central bankers fiddling around with interest rates and rigging asset prices through printing will cause massive distortions in the economy.

[djfee]

He didn't answer if inflation is a tax. I can't find enough information about Mark Carney. I know he worked for Goldman Sachs. That makes me hate him right off the bat.

The bank of canada is keeping the interest rates way too low so we keep the dollar low. We should be focusing more of our trade with China and India and away from the States. I just don't want to see our dollar go down the toilet just the U.S. dollar.

[platoplubius]

I love it when the governor from the BAnk of CAnada slips up and infers for a second that the BAnk of Canada was part of the government!  He quickly corrected his response and then proceeds to bumble through a terrible response!