46% of Canadians near insolvency, a survey conducted for insolvency by firm MNP Ltd – January 21, 2019,
I’ve been writing the same theme almost daily for the last year, Canada is heading for an economic collapse if our economy isn’t allowed to crash soon. I say we have about 4 years maximum before everything starts to unravel. A short article and a video you should consider watching can be seen below:
The Canadian economy has been out of whack since Stephen Harper, I remember watching a program and listening to a so-called real estate guru, that said “well mortgages are getting more expensive, so Canadians renters better start paying more money” the arrogance of this guy I thought to myself at the time, but it appears what he said is what happened because in both Toronto and Vancouver rent prices have skyrocketed and unfortunately wages haven’t risen with them.
I find it’s extremely hard to explain to Leftists that prices aren’t supposed to go up, prices are actually supposed to go up, prices tend to go up for things that age well, like Wine, the price for labor is actually supposed to come down with technology and automation, but it’s hard for that to happen in country where politicians are able to get away with lies. Wages go up as an employee if you’re one of a few people that can perform certain tasks or do certain jobs. Pay scales aren’t supposed to be determined by the government, instead, pay scales are supposed to be determined by the market.
Now, more than ever it would be in the best interests of Canadians to have the government get out of their way because as I’ve been stating for years, there’s no reason to keep the Canadians dollar artificially low? The Canadian dollar is low only for the reason to bring companies to Canada who want to sell their products or services to the United States. Because Unions in Canada push for minimum wage hikes and perks usually not even available to Americans, our politicians have to keep our loonie lower and this suppresses wage growth, because even if I get a pay raise, the cost of living is rising higher than my pay raise, which leads to what that article and that video above are talking about which is a slow down in the Canadian economy.
The Canadian economy is going to come to grinding halt and the longer it takes to happen the worst it will be, our economy did not crash when the U.S market crashed in 2007-08 we kept chugging along, the reason this happened was that Canada did a better job qualifying people for mortgages and loans, the problem that’s happening now is that everyone irresponsible that could get a loan, got one and they did this assuming that they’d get a sudden windfall of money, being that windfall of money is unlikely to happen and they’re going to have to pay off these debts with their physical labor it’s only a matter of time until employee fatigue sets in.
If every morning I wake up just to pay back a debt? How long is it before I tap out? If Canadians want to keep all these socialism based perks, the Canadian dollar is going to have to inflate and continuing inflating until the collapse occurs. I’ve been saying the Canadian economy, this current economy looks like hyperinflation of the Canadian loonie is on the horizon, because if Deflation happens, in order to protect Canadian sovereignty the Bank of Canada is going to have jack up interest rates to 10% and I personally can’t see that happening. Maybe it will happen I can’t protect the future, it’s just that I think it’s unlikely to happen.
Anyway, Canada you’ve been warned, I’ve been trying to warn as many of you as I possibly can. The Jean Chrétien, Paul Martin era is over, they did all they could to save Pierre Trudeau’s Canada, now we’re entering a new era, I recommend the BoC take the lead in the world and raise interest rates to 10%, I say let the economy crash now, get Justin Trudeau the hell out of there and vote for Maxime Bernier. Maxime Bernier and the people’s party of Canada will get out of the way in the Canadian economy, he will cut red tape, it’s not like Canadians are stupid people, we can make a great Canada, but if Canada hires Justin Trudeau, Andrew Scheer or Jagmeet Singh things will get progressively worse.
I want to make myself abundantly clear because things won’t get abundantly worse for everybody, things will get progressively worse for the people already suffering. Yes, I know the world isn’t fair, but listen to me, I can’t build a car from scratch, but there are people in Canada who can, and guess what? These Canadians can’t even start a business because of Liberals in power and don’t be fooled these people can’t even start a business if Andrew Scheers Conservatives get to power because the big Corporations have the Conservatives in their back pockets. Why Supply management was such a big deal is because it’s price controls, price controls don’t adhere to inflation, price controls, cause inflation, price controls are the reason why certain jobs don’t exist.
I’ll stop here!
Interesting times ahead!