Best day for oil since 2015 as WTI price falls to $50 US a barrel – November 24, 2018,
Although m personal belief is that when Donald Trump is no longer the U.S President America will have hell to pay if say anyone except for Rand Paul isn’t his replacement, but for now things are fantastic, Donald Trump, in my opinion, has the highest economic IQ in U.S history, the problem is he’s not easily replaceable. The almighty Lord in heaven doesn’t create men like that every day, which is why when these individuals come to earth we should our absolute best to learn and understand how he thinks.
My interpretation of Donald Trump is that he’s a creator, an economic architech, his strengths revolve around imagining his vision for the country and doing everything in his power to make it a reality, the flaw however in Donald Trump’s policies is that they’re very closely aligned with Leftist ideals. He’s a protectionist, he’s a big spender, he’s a Nationalist, he’s a socialist, he’s a capitalist, he’s a corporatist, he’s moral, he’s immoral he’s a great politician.
The problem my country of Canada is facing with Donald Trump is that my Country decided to hire an extremely Liberal, my Prime minister Justin Trudeau, has an extremely low economic IQ, lower than his father’s Pierre Trudeau, my current Prime minister Justin Trudeau is also a horrible politician, he’s actually been more of a dictator than Donald Trump has, it’s just he hasn’t been given the same stage because as many Canadians know he’s hard to listen. Had it not been for Justin Trudeau’s good looks and ability to pivot in both the English and French languages with excellent precision, chances are even the people who vote Liberal religiously would want to get rid of him. What Justin Trudeau does represent in Canadian history is that political puppets can become Prime Ministers of Canada.
Worst day for oil since 2015 as WTI price falls to $50 US a barrel – CBC
Most of Canada’s oil is made in Alberta, Albertans want an oil pipeline, the Liberal government of Canada doesn’t really seem too concerned with what Alberta wants and this is obviously causing a divide. My personal opinion is that the Canadian dollar should be a lot higher than it is, my personal opinion is that Canada could be competitive in the energy market if Canada made the decision to stop playing the silly game of lowering our currency to appease the Americans.
A higher Canadian currency makes it easier for Canada to purchase energy and other essentials from other countries for a much lower price, a higher currency and lower wage equates to oil discovery in Canada costing us less money, a higher currency equates to more people around the world hoarding Canadian dollars, a higher currency in my mind would also entail shrinking the size of government, a higher currency in Canada would mean eliminating corporatism, or corporate welfare in Canada. Corporate welfare equates to businesses not being forced to compete, it’s the equivalent to parents spoiling their children and then being surprised when their children grow up to be dependent, entitled, mean-spirited and aloof.
Canadians forget that interest rates are low, and our currency is intentionally devalued so corporations can use Canada as much cheaper means to sell to U.S customers. This, of course, has led to a hollowing out of our manufacturing sector, a higher currency changes everything, a higher currency actually justifies tariffs, our current tariff system is based on paying for big government programs, unnecessary public servants, supply management systems, crown corporations and other monopolies the Canadian Government created to help subsidize Pierre Trudeau’s socialist vision for Canada. If Canadians remember, after Pierre Trudeau left office the Canadian dollar slid, and now Canada is in a position that we have to be currency manipulators.
If Canadians forgot, Donald Trump’s position economically revolves around currency manipulators. Trump knows instictively how to deal with currency manipulators, because if people forget Trumps entire Private Sector life revolved around building things, when you’re in business it’s in your best interests to buy things for less money. So what ends up happening when you’re doing big business is that you end up hoarding different currencies, now imagine one day 1 Chinese yuan can buy you candy, but the next day it can only buy 1/3 of the exact same candy, but this wasn’t a result of real hyper-inflation instead it was a result of currency manipulation. How would you view the world then?
The assumption when Donald Trump took office was that when Donald Trump cut regulations other countries would also cut their regulations. Well, that’s not what happened, when Donald Trump cut regulations the only other country that cut regulations was China, Canada via Justin Trudeau instead matched Trump’s tariffs with Canada’s tariffs. This from an economic standpoint showed that Canadian politicians were a bunch of morons, which is why Trump was able to get Mexico to sign onto a new NAFTA deal without Canada, what Canada got at the end of the day was a deadline to sign the new NAFTA deal which in reality forced Canada to make concessions it didn’t need to make, so many concessions in fact that now Canada can’t be used as a cheaper alternative for business wanting to sell to Americans to establish their businesses.
This new NAFTA(USMCA) deal is of course why moronic Morneau (Bill Morneau) not only wants to subsidize journalist in Canada but also wants to subsidize businesses in Canada he deems worthy of saving. Morneau will, of course, use Canadian labor and taxes to do this, it’s also important to remember that many of the businesses Morneau wants to save aren’t even Canadian, many of them simply hire a lot of Canadians.
Why I bring this up is that the Oil market in Canada will not work with or without a pipeline, in Norway, their government used a State capitalism model for their oil and so far it’s worked out for them in the tune of their people all having $200K. Now in Canada, the real problem with the oil markets is that Canadians have fallen victim to this lower loonie nonsense.
This lower loonie for welfare model doesn’t work, it won’t work with the Pipeline it won’t work without, Labour costs in Canada are too expensive, that’s the reason we’re priced out, I’ve been trying to have this honest conversation with Albertans for years, they don’t get it, they want higher wages, and I’ve always said what’s the point in higher wages if the cost of living exceeds your wage increases? Alberta needs to fight back, they need to demand that the government get smaller and they need to demand that the Loonie rises.
Now more than ever would be the ideal time for interest rates in Canada to shoot way up. I’m talking 10% or more, if the Bank of Canada wants to sever ties with the U.S dollar it should take Canada in another direction, because in case Canadian employees in the private sector haven’t noticed, we haven’t been getting a pay increase since the 1990s and the reason we haven’t gotten a pay increase is because the cost of living should have actually come down with advancements in technology, the cost of living in Canada is higher because almost every single public servant has been getting a 2%+ wage increase every single year since the late 1990s.
Canadians should also understand that most public servants have excellent benefits and retirement plans. Adding to this is, of course, Corporate and personal welfare costs. I don’t understand how Canadians can’t see the correlation. Almost everywhere you look, Politicians and Public Servants are making $100,000+ per year, now multiply that by 10 years and what do you get? Now look at how large government is all around Canada and you’ll see why the cost of living is so high and why the Loonie has to be so low.
I ask Canadians to reject the lower Loonie, reject our current welfare state and vote for real change. More people need to speak up because if we don’t when our economy crashes people are going to have no idea what happened which could equate to the problems being extended for an extensive period of time.
Interesting times ahead