VICTORIA — British Columbia's Labour Ministry says the province's lowest paid workers are getting a pay bump as of Sunday. It says the minimum wage will increase from $17.40 to $17.85 an hour. The ministry says the 2.
Well the CPI is clearly fake, real inflation is far higher.
A good example is we are printing money to buy mortgage bonds, which means we print money to lower inflation, because it decreases mortgage interest costs.
The CPI does not include housing appreciation in its calculation so this is the parameter that keeps housing prices tethered to reality, and we still lose FX by printing money.
Well the CPI is clearly fake, real inflation is far higher.
A good example is we are printing money to buy mortgage bonds, which means we print money to lower inflation, because it decreases mortgage interest costs.
https://www.bankofcanada.ca/markets/canada-mortgage-bonds-government-purchases-and-holdings/
The CPI does not include housing appreciation in its calculation so this is the parameter that keeps housing prices tethered to reality, and we still lose FX by printing money.