2020 Canadian Housing Boom: If the Chinese Communist Party attempts to take over Hong Kong and Taiwan, some will flee – May 29, 2020,
Canada’s government-subsidized housing market might get a Chinese Communist Party stimulus if the CCP is able to successfully annex Hong Kong and potentially annex Taiwan. Yes, there will be people from the nations of Hong Kong and Taiwan who will stay and fight, but there will also be others who will flee or who will get loved ones out of the country as they stay and fight!
Top destinations for Hong Kongers continue to be countries like Canada and of course, Australia. The people of Hong Kong and Taiwan are very industrious, sure they’ll be a little bit disappointed at some of our silly socialist business laws, but at least their property rights will be respected in Canada.
This will not bode well for the domestic population as this could even drive rental prices up. and because of the amount of government intervention in what should be the richest nation on earth, the Canadian economy is going to really start looking weird, I’ve been writing about this for years and it appears that it’s starting to happen now.
Recently a government monopoly known as Canada Post has almost priced itself out of its local parcel delivery market. Canada Post basically had a blade on the courier delivery and via its labor union, it’s priced itself out. Now, I bring this up because CMHC was created to make housing more affordable for Canadians, who otherwise would never become homeowners.
Well if there’s a housing boom in the middle of a global deflationary period, in which the deflation is coming from a lack of productivity. I’d say the government agency known as the Canada Mortgage and Housing Corporation is a failure.
Attack on Taiwan an option to stop independence, top China general says | thechronicleherald.ca
In regards to Taiwan, by the way, a top Chinese Communist party general nonchalantly said attacking Taiwan is an option as a place for the Chinese Communist Party to invade. I’m sure right now the people in the nation of Taiwan are on high alert, because I assume one of the first places many Hong Kongers will flee to will be Taiwan.
So, if this is prolonged, yes some will stay and fight, but many will leave and chances are they will find their way to Canada. Now, the problem with Mainland China is that its currency isn’t respected, so in the event America sanctions the Chinese Communist Party all of sudden they lose a bunch of customers, then there will be many who will also side with Taiwan and Hong Kong who will boycott made in China products.
This along with Chinas inability to print money without recourse could cause a serious economic decline in China, which will hit the Chinese people domestically. The Chinese Communist Party as made it seem like they’re responsible for the Chinese people having a higher standard of living, of course, this is all B.S, because Taiwan and Hong Kong are successful without the Chinese Communist Party, but the CCP was able to run with this narrative because Chinese people were becoming more wealthy, well, if this reverses, I’m not entirely sure what will happen.
It’s hard for a lot of people right no to imagine China losing investment, but it can happen and it can happen very quickly, what typically happens in these situations, is that first it’s gradual and then once it’s proven that other countries can be the final assembly destination, then the plug on the Chinese Communist Party economy is pulled.
It’s happened before, this is nothing new, in a market economy, the only thing propping up dictators are the socialists. I’m not even sure that if a Democrat were to win the coming election that they wouldn’t be pressured to regulate the CCP out of existence!
What does this ultimately mean for the Canadian economy, more money might be finding its way here and because our real estate market is government-subsidized, that will be a top destination for people trying to flee tyranny!
Douglas Todd: China’s real-estate investors down on Vancouver, but not out | vancouversun.com
Interesting times ahead!