It’s not an April Fools Joke, Justin Trudeau just raised the Carbon Tax 50% on Canadians in the middle of the COVID-19 outbreak – April 1, 2020,

If the Canadian economy ever crashes, this day should go down in Canadian history as the day the environmental extremists along with their Leftist politicians destroyed a once-great economy. Geographically, Canada is in a position to be the richest nation on earth. We’re bordered with the United States of America which currently leads the globe in consumption.

The United States also currently has the worlds reserve currency which makes it the Gold Standard of currencies and furthermore, in order to finance the Canadian public sector, the Canadian dollar is artificially devalued to benefit the Canadian governments over-spending.

Now, with all of that said, Justin Trudeau’s Liberals, still thought it a good idea to raise taxes even more. The effect of this carbon tax during a global economic downturn not only means that life just got more expensive for businesses it also means Canadian consumers, many of whom are not working and not producing anything will now be hit with higher retail prices and the cost to move people and import goods and services have just increased by 50%

Via, I would say the Trump administration, the price of oil is very low, more than likely to keep the world economy solvent during the COVID-19 outbreak, I don’t expect this to last forever, it’s my personal belief that the Saudis are doing this as a favor to Trump, because, under the Democrats, the Saudis enemies in Iran and possibly Russia can prove to be extremely problematic.

Adding to the problem is that Justin Trudeau is sending people money and already asked the banks to be lenient on debtors, wh would otherwise have to declare bankruptcy, so this alone is going to equate to a lot of inflation, that I believe Trudeau’s cabinet is misinterpreting. A reminder to the reader that it’s only been 1 month since COVID-19 has made its way through the Canadian economy and already Canadians can’t pay their rents or their mortgages.

The CMHC is already intervening, sure the CMHC crown corporation probably has the most money out of all of Canada’s State-owned Crown corporations, but their entire profitable balance sheets revolves inflated housing prices! Just imagine if the real cost of housing deflates, sure Canada can print more money, but that creates more inflation which could make serving personal and government debt unbearable.

Anyway, I’ve been warning people for years now about Justin Trudeau, now Canadians better be prepared to experience what excessive energy taxes feels like.

Interesting times ahead!