Both Canada and America Have a Labor Union Problem that will make Green Auto manufacturers uncompetitive in the Electric Vehicle Market – February 14, 2021,
For believers in Austrian economics, many of us can’t wait until this current fiat market crashes and burns so we can all get back to being productive again, however for people on the Left, they believe they’ve found the golden goose that keeps on giving. For Progressives, they’re 100% sold on this fiat monetary system to the point that Bitcoin and central bank digital currencies are a thing now.
Now, for people ignorant as to why Bitcoin continues to go on a tear(currently valued at $50,000 per bitcoin), it’s because fiat money is currently backed by nothing and the markets have both Western Governments and Central Banks backed into a corner. Now, in order to save the current central banking model, the central banks have to not only raise rates, but they have to get out of the money manipulation business, furthermore Western Governments would also have to engage in Austerity measures simultaneously while the central banks dump all of this bad government and private sector debt they’ve bought.
The chances of this happening are slim to nothing and therefore on a digital front, a decentralized asset like Bitcoin has a lot of power and will more than likely continue to have power as more and more people realise that not even a central bank digital dollar can save people.
Currently, China is testing out their central bank digital dollar system and it’s working right now, but as we all know, the Chinese Communist Party has a social credit score system, so it’s only a matter of time before their digital dollar system blows up in their face.
In Western nations, people are ignoring the growing trade deficits, that can’t be solved with digital dollars/fed coins, and adding to this trade disaster are calls for a FEDERAL $15 minimum wage in the United States and carbon taxes on both sides of the border.
Now, if you’re wondering if this is sustainable? The answer is of course not, and not only is it unsustainable but the Chinese Communist Party is getting more and more powerful every single minute, because when you have a trade imbalance, the Chinese Communist Party knows that America and Canada aren’t producing anything, yet the Chinese economy is still functioning, this will allow China to completely decouple from North America, thereby allowing them to ignore any sanctions Canada or America might want to attempt to impose on them.
From an economic perspective, what this means is that both Canada and America’s EV market is dead on arrival, it’s not to say we won’t be making electric vehicles, but we’ll be reliant on China to do it, or I should say our auto-manufacturing markets will require a lot more government involvement.
Now, by government involvement what that equates to are more INFLATION taxes, which of course equates to a higher cost of living, which will lead to a Cash Flow crisis. #LateStageSocialism is the term I prefer to use to describe the debt pit North America his headed towards and once this cash flow crisis happens, there will be NO EASY ANSWERS!
Once this cash flow crisis occurs, the central banks will be in a position in which they’re damnded if they do and they’re damned if they don’t. Western governments will be faced with the reality that every promise they make to voters will raise the cost of living and make this cash flow crisis even worse. #LateStageSocialism equates to bankruptcy, imagine in a fit system Westen countries go bankrupt.
What’s so funny about this is that China will still manipulate its currency, most countries will still want to debase their currencies next to the U.S dollar, because they have no choice in the matter, a hard Gold Standard is far worse than a Euro-Dollar system.
This will be the financial hell on earth that the world will be faced with and EV vehicles, never were and never will be economical, not with a carbon tax. The only way in the modern era, EV vehicles become economical is if Nuclear power and Natural Gas are no longer demonized or we find a new powerful green energy source that can power all of our energy needs.
Electricity isn’t that old, electricity only came to our homes in and around 1882, and because even back then, both the governments and the industrialists wanted electricity centralized Alternative Current dominated the electrical space.
Batteries are direct current, and a carbon tax and labour unions demanding higher pay while their jobs are being automated is an additional waste to the electrical process, because of centralization there is economic waste all over the world and because most people have not a clue what’s going on, the economic collapse is going to catch a lot of people by surprise.
How Canada can capitalize on U.S. auto sector’s abrupt pivot to electric vehicles | yahoo.com
Interesting times ahead!