‘Biggest threat’ to the Canadian economy is Stephen Poloz and his artificially low-interest rates – April 28, 2019,

In an obvious attempt to alleviate himself from the blame, Stephen Poloz is now taking time out of his day to blame someone else, for a disaster that for the most part he and Stephen Harper are responsible for. I want to make something abundantly clear, I get it, right now there’s a Conservative Party wave happening all over Canada, a return to the good ole Stephen Harper days, of Corporatism, but my vote as it stands now remains with the People’s Party of Canada. Although Maxime Bernier worked in conjunction with Stephen Harper at one time, based on his words and his actions, it appears Maxime is taking the risk of being a fiscal Conservative, that has plans to break the shackles of extreme protectionism that haunts the Canadian economy. It’s always important to remember the economy that Paul Martin and Jean Chretien built.

Pierre Trudeau was the first Canadian Prime minister to really destroy this economy and ever since then, Canada has been lucky enough to find politicians were able to exploit mistakes made by former U.S Presidents. NAFTA changed Canada, we’ve basically become an economy made to take advantage of the U.S market which for the most part is freer than the Canadian market. We’ve done this primarily by using the Lower Loonie to our advantage if you look at almost every single metric Canada appears to be a better place to live with a higher standard of living than the United States, yet, our currency doesn’t reflect this in any way.

Our currency reflects a country, that’s on par with the Oceanic region of Australia, people rarely if ever question why. The assumption is that because both Canada and Australia are under the same monarchy, they, in turn, should have similarly valued currencies. No, this isn’t correct, the Canadian dollar is low because our Paul Martin Jean Chretien, Stephen Harper governments made it so, we did this so we never had to confront the unsustainability of our economy, we did this to protect industries, we keep the Loonie low to attract businesses who would other make their headquarters in the U.S, make their headquarters here in Canada, we did this primarily as protective measure.

Now, the unfortunate reality of the modern day Canadian economy is that debt happened. America’s housing market and credit markets crashed, while Canada’s kept on going up. It’s important to remember that not everyone in debt in Canada is a homeowner, many of the people in consumer debt rent, lease or live at home with mom and dad. Furthermore, there’s an epidemic in Canada of people believing that interest rates will never go up, assuming that this is the new normal, as if markets haven’t corrected, crashed or collapsed before. The problem with the debt trap is what happens with lenders or lending tightens or is forced to tighten or when wages aren’t reflective of the inflated economy.

Part of the problem in Canada is that wages were artificially inflated years ago because public sector workers and employees of crown corporations pay scales aren’t based on any market fundamentals, the pay they collect is often NOT based on the services they provide, supply management as an example is subsidized by Canadian consumers, Canadians are made poorer in reality via the Crown Corporations. Housing in Canada is based on qualifying for a mortgage, and because standards for qualifying for a mortgage have lowered, it’s basically become a pyramid scheme where the individuals who can qualify artificially boost prices, as the pool of available buyers is artificially inflated, because the Canadian dollar is so low, we’ve actually made our housing more affordable for Foreigners, and it’s important to remember that these foreigners don’t have to pay full prices either.

So as condos are built instead of rental housing, rental housing prices in major cities are going up, now of course at the end of certain quarters, the inflated numbers appear to show prosperity, but underneath it, all is the destruction of the middle class, and this destruction is not being accelerated, it’s happening slowly and for the most part can be controlled if there’s no market crash, it’s just that if there’s a market crash, with all the price fixing in Canada, things will get really, really bad.

Now, mind you, it’s not going to get really bad for all Canadians, it’s not like every Canadian is in debt, it’s just that when the reality hits of what’s been done, structural changes to the Canadian economy will have to be done, otherwise the subject matter when be managing hyper-inflation. The truth is under Harper the Canadian dollar reached parity, sorry Canada, that’s where our dollar should always be, in fact, it should be higher than the U.S dollar, why our dollar is lower is because of lobby groups.

If the Canadian dollar rises, inflated prices have to come down, protected industries will be put into question, the Canadian consumer will become aware of how they’ve been robbed, our tariff system will be in shambles, as the goods coming in from America as an example will be priced differently, our current economic system is so corrupted in favor of protectionism that, Canadians don’t understand how rich this country would become overnight. What’s stopping Canada from being UNQUESTIONABLY the richest nation on earth are Collectivist policies.

If you know anything about trade, you’d know that America is right across the border and they have a lot of stuff they’d love to sell to us very cheaply, in fact, if the Canadian dollar was high, the real problem we’d have is what to do with all the garbage we’d have from American vendors. If you’re of the belief that Americans would take over Canada, you’d be partially right, however, to combat this would simply be to level with the Canadian people. WE NEED MORE ENTREPRENEURS.

Now, what’s the problem with a society with a lot of entrepreneurs and business people? The problem is they tend not to vote for Leftist, they tend not to want higher taxes, they tend to get more involved in financing, they tend not to be easily controllable, because business people typically know more about business and politics than employees do. What would happen more than likely would be American’s moving their operations to Canada and potentially hoarding Canadian dollars, essentially making Canada the Switzerland of the Americas!

The reality from my perspective is that Stephen Poloz was Stephen Harpers puppet, that’s my personal opinion when the Canadian dollar began spiking under Stephen Harper, there were immediate calls by the corporatists to make the loonie lower. Why? Because the first thing that began to happen was consumers began asking why aren’t prices coming down? Now, as I explained above, prices in Canada, can’t come down, because of corporate welfare, people’s wages don’t get slashed unless their hours get cut and when you work for a Crown Corporation or the Public Sector you wages aren’t based on any market metrics, their wages are based on an anticipated profit margins, that comes from their legislated price controls.

If this relationship is ever disrupted, meaning there’s a deflationary crash, Stephen Poloz, as well as countries from all over the world, will be forced to raise interest rates. Now, this is where oddly enough America, would get a stimulus package because, for the most part, America’s credit markets haven’t been as generous as Canada’s. Plus Donald Trump has actually cut regulations while Justin Trudeau has added on regulations like the Carbon Tax for example. Now, obviously, Poloz sees the writing on the wall and is making sure that he doesn’t get blamed for it.

Although the coming economic crash could be blamed on Justin Trudeau, the real culprit was Pierre Trudeau, this entire economic disaster started with him. Prepare yourselves accordingly.

‘Biggest threat’ to Canadian economy is a global trade war: Poloz – Global News
Here’s What The Bank Of Canada Says Is The Real Reason For The Housing Slowdown – Global News

Interesting times ahead.