Prime Minister Justin Trudeau Promises to use Tax Payer dollars on the Canada emergency response benefit (CERB) – June 15, 2020,

I’m sure most Canadians who voted for Justin Trudeau voted for him, for periods like these, in which people expect the government to fix everything. If by the government fixing everything you mean the devaluation of the Canadian, you’d be correct.

I also expect an influx of capital into Canada as more people from Hong Kong as an example purchase Canadian assets and potentially hoard Canadian dollars. The Chinese Communist Party has basically annexed Hong Kong, the story barely makes the news anymore and although many Hong Kongers will stay and fight, many will leave to places like Canada and Australia, this is could for keeping the international value of the Canadian dollar stable, however domestically, what’s happening is productivity levels are down and therefore the real economy, the private sector economy is going to face challenges like it’s never faced before.

Although Canadians eyes are opened to it yet, I think the numbers should that about 60% of Canadians are now reliant on the Government to survive. I will not be giving out my sources for how I invest, but the chart was very scary to look at.

As many people know, during the Great Depression as an example Government workers were not counted as employed, only private sector worker were counted as employed, that’s because when there was a Gold Standard currency, everyone knew that Government jobs were not productive, government or public sector jobs are basically consumption-based employment.

I say this because the charts I look at for my investing all point to Canada’s jobless rate being a lot higher than is being posted and the data also points Canadian dependence on the Government, which by the way in Canada now includes MORTGAGE HOLDERS as unbearable if it’s forced to continue.

It’s nice when Trudeau talks about the government spending money it doesn’t have, but the real problem is productivity levels, there’ no escaping the elephant in the room and there are certain events that at this point are inevitable, now sure the government can print its way out of it, but you see then you’ll start to comprehend what’s in store for the Canadian dollar, worst is if Joe Biden wins the 2020 election and how that would affect the Canadian economy.

Trudeau promises to extend the emergency relief benefit | CBC

Interesting times ahead!