Double blow as S&P and Moody's downgrade B.C.'s credit rating again,
VICTORIA — Credit rating agencies S&P and Moody's have both downgraded British Columbia's rating on the same day, citing the province's ballooning........
https://www.biv.com/news/double-blo...s-credit-rating-again-citing-deficit-10469209
S&P and Moody's both American examining our nation's inner workings. Surely if provinces employed proportionately as much manufacturer capacity as the US, Canada could create a similar private credit rating agency rather than relying on government, RCMP, CSIS, CSE.
Apartment towers in and around Vancouver filling with imported assembly components and furnishings. Exiting Canadian dollars must quickly return to Canada to keep the value of the Canadian dollar. If the immigrants moving in aren't wealthy enough coming into Canada to buy outright then the immigrants would borrow money locally increasing the inflationary money supply. Banks authorise creation of money "out of thin air" and disappears only gradually with each mortgage payment. Except for the interest payment.
VICTORIA — Credit rating agencies S&P and Moody's have both downgraded British Columbia's rating on the same day, citing the province's ballooning........
https://www.biv.com/news/double-blo...s-credit-rating-again-citing-deficit-10469209
S&P and Moody's both American examining our nation's inner workings. Surely if provinces employed proportionately as much manufacturer capacity as the US, Canada could create a similar private credit rating agency rather than relying on government, RCMP, CSIS, CSE.
Apartment towers in and around Vancouver filling with imported assembly components and furnishings. Exiting Canadian dollars must quickly return to Canada to keep the value of the Canadian dollar. If the immigrants moving in aren't wealthy enough coming into Canada to buy outright then the immigrants would borrow money locally increasing the inflationary money supply. Banks authorise creation of money "out of thin air" and disappears only gradually with each mortgage payment. Except for the interest payment.






