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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?


To: Shirley Owen who wrote (8863)3/1/1998 6:22:00 PM
From: Phil Jones  Read Replies (1) | Respond to of 14627
 
Shirley, I agree with your appraisal of Brian Mulroney. I should have put a few smileys at places in my post, such as near "Rt. Hon."! Good to see the jury duty is now over, and you have returned in full battle gear -- ready for fighting to get PFG's share price moving upward.



To: Shirley Owen who wrote (8863)3/1/1998 7:18:00 PM
From: Quinn  Read Replies (2) | Respond to of 14627
 
Welcome back Shirley, It's been a little dull around here without you.



To: Shirley Owen who wrote (8863)3/1/1998 8:18:00 PM
From: Ron Everest  Read Replies (2) | Respond to of 14627
 
My recollection of the Canadian Federal Debt is that it is now C$584 billion. It was first introduced in the last two terms of Pierre Trudeau's government and guess who was the finance minister at that time? No other than John Cretien!. In a TV interview between John Cretien and Preston Manning some rather elementary economic questions were asked of the PM who could not find the answers. Preston piped up, "And you were Canada's finance minister and you do not know the answers to these elementary questions?" Wow, we have JC now claiming to have solved his own problems with the deficit, but, he rarely if ever comments or plans on how to reduce the accumulated deficit. JC is only concerned with promoting the fiscal deficit, he is now having Paul Martin prepare a budget showing a C$5 billion fiscal surplus. This budget could be very flawed because, as you mention, the accumulated deficit is so large that any increase in interest rates will wipe out any planned surplus, not to mention the unrest and waiting lines to receive medical services, debt loaded onto university students and many more areas of deficiency. One must conclude that the Liberals are hoping for an election soon and my prediction is that Paul Martin will be running for Prime Minister!

About the Conservatives. Notice the press they receive with only two seats! Certainly, I agree with you, Mulroney didn't do the country any favors. His colors were seen right away when he backed down from reforms involving seniors at the start of his first term.

Time for a change in the politics of Canada.

Welcome back Shirley.

Best regards,
Ron E



To: Shirley Owen who wrote (8863)3/1/1998 8:54:00 PM
From: Bill Jackson  Read Replies (2) | Respond to of 14627
 
Too bad you did not adjuducate over Mulrooneys case, on goes the black skull cap......

In truth the dbt really started with the liberals, but the high interest and debt with Mulrooney compounded it annually by 20-40 billion. Now if we paid nothing it would compound at around 7% on 600B is around $42 billion annually. We cannot inflate out as there is too much short term debt that would flee and make the dollar worth 15 cents. That might not be too bad, as all exportes would get US $, domestic stuff we could afford and imports we could not. The clever Swiss have a law on the book that says "no national debts", US states are the same. If they want to build a thing the raise a bond issue and the lenders are the risk takers.
Here we have multi tiers og government all raising debt and many hide it in crwon corporations. I wonder what ugly things will crawl out of the NDP rock in BC after they have gone. Huge hidden debts. Did they think they would stay in power forever and hide it forever?

That annual interest we pay along with debt payments mena we need about 25 years to retire a 600 billion mortgage at 7%, paying interest plus 20 billion per year, more or less. It is true that the GDP will grow at 3% more orless and that will make us double in about 25 years so the burden and taxes could be accelerated. After that we should legislate zero dfebts and absolute majority for elections. None of this getting elected with 29% when 6 others all get somewhat less, so we get a splinter like the NDP getting into power here and there and wreaking havoc with corruption.
I almost think Canada is ruined as we cannot ever overcome the back rooms and power politics. We also need a $200 fee per vote. That would get the vote out, and also spread some money around evenly every 4 years or so.

Bill



To: Shirley Owen who wrote (8863)3/1/1998 11:14:00 PM
From: marcos  Read Replies (2) | Respond to of 14627
 
Well, excuuuuuuuse me, but it's Honourable, with a U

We may be 98.763% American-owned, inundated by their schlock TV, and forced against our will to eat McDonald's "hamburgers", but we must not allow this to affect our most cherished traditions, such as correct spelling.

Ron Everest - it's favour - eff ay vee oh yu are - favour

Harrumph........ good to see you back, though, Shirley ........ ;-) ..... marcos



To: Shirley Owen who wrote (8863)3/3/1998 4:45:00 AM
From: Bearcatbob  Read Replies (1) | Respond to of 14627
 
Welcome back. I think you are in time for interesting times. Bob