Canada collects $839M in steel and aluminum tariffs, exemptions: a lack of domestic market supply, either nationally or regionally — leaving no choice but to import. – January 27, 2019
If you’re unfamiliar with economics, particular wording may fly over your head as the leftist CBC media will typically focus on events or circumstances that for the most part mean absolutely nothing in the grand scheme of things. The steel and aluminum trade war between Canada and the United States is Canada’s fault, we’ve been taking advantage of the United States since NAFTA, we’ve been doing it so long that we feel entitled to do it. In an attempt to save Pierre Trudeau’s socialist Utopia, Jean Chrétien and Paul Martin created a free market corporatist system, which rewards big businesses and punishes small business.
Now, I’m in no way saying that America doesn’t have a similar situation in place, however, Canada’s has always been far more sinister, because that we can manipulate our currency supply to be lower than the United States. The Bank of Canada has interest rates lower than America’s Interest rates why? Our housing market hasn’t crashed? In fact, housing prices in Canada have skyrocketed over the years, sure they’ve come down in recent month’s but in 2007-2008 when the U.S housing market crashed, Canada’s housing market continued to go upward, now if this really based on supply and demand why would the Bank of Canada need to lower interest rates? If everybody wants to buy a house or a condo or purchase commercial real estate why would the Bank of Canada feel the need to keep interest rates artificially low when people are choosing to spend money in Canada?
Interest rates are low in Canada because if they raised them, the Canadian economy would collapse, the unintentional consequences of keeping interest rates so low is that there’s a housing boom and consumer debt is at an all-time high, but the main reason the BoC kept interest rates so long is that Paul Martins Canada revolves around Corporate welfare. Allow me to remind Canadians that Stephen Poloz was installed by Stephen Harper who was lobbied by the Real Estate industries to lower interest rates. I often write about former finance minister Jim Flaherty a Canadian who actually cared a Canadian that had to deal with Unifor while presiding over Oshawa. If you’re a leader and playing the Keynesian economic game, you do so understanding the ignorance of the masses, which is why Jim Flaherty on more than one occasion warned Canadians about getting into too much debt.
During this time the Real estate lobby attacked Flaherty and when the late Jim Flaherty passed away, you saw a change in Stephen Harper’s policies. Poloz was the perfect puppet and a few months after Poloz was hired he lowered interest rates then he lowered them again and again at the time he used the fluctuating or crashing oil prices as his excuse, but we all know election time was around the corner and a lot of corporatist groups preferred a lower loonie, because for those of you that don’t know most of the steel and aluminum companies are foreign owned and are here in Canada primarily to sell to the United States. Now, would be a good time to consider reading the CBC posts below:
Now, what happens under Poloz is Justin Trudeau is hired, now as many people know Paul Martin’s Liberals created a lot of tax loopholes for big Corporations, he did this and Stephen Harper did this while also lowering taxes, now if you don’t know anything about economics, you’d assume that Paul Martin and Stephen Harper did this strictly to give in to corporate greed, but it’s actually more complicated than that, they did this because without these big corporate companies remaining in Canada, our currency would be at risk, because the last thing a country wants is to be reliant on imports. Once a country is reliant on imports it’s not that the government can’t keep a grip on domestically made items but imports become far more complicated. As an example, the price of rice coming from Brazil skyrocketed overnight, Canada imports rice, you can’t supply management imports and this is what Justin Trudeau’s government doesn’t understand about Trumps waiting game.
In the CBC article it states the following:
Up to $285 million could be refunded to affected companies, but applications for exemptions are approved by a federal interdepartmental committee, according to the following criteria:
a lack of domestic market supply, either nationally or regionally — leaving no choice but to import.
Most of the steel and aluminum companies in Canada are here primarily because of what used to be our lower taxes, our better regulatory environment and the assumption that the Canadian dollar would remain less than the U.S dollar because remember Canadian workers are paid good money in comparison to countries like Mexico. So a lot of foreign companies only remain in Canada because of the perks our government offer them. It’s not only steel & aluminum companies that take advantage of Canada in this way, this problem exists all over the country, but Trump’s policies many of which by the way are protectionist and rather socialist if you ask me are going to put Canada in a whirlwind of trouble if changes aren’t made soon.
Trump could leave office or lose the Presidency in 2020, be replaced by a full-blown socialist and Canada is still going to have these problems with America going forward, in case Canadians haven’t been paying attention, Canada is yesterdays news in U.S politics, the USMCA deal is done and there’s absolutely no reason that Trump should budge on steel & aluminum tariffs. Sure Canada is collecting now, but chances are America will be collecting for a lot longer if Canada doesn’t remove its tariffs, doesn’t change its currency manipulation.
when Trump was a candidate one of the things who spoke of was money manipulators, Trump watches interest rates, if people remember Trump has gone back and forth Fed Chair. Jerome Powell several times, Trump comes from the Real estate industry and money manipulation is something he knows very well, it’s something that Justin Trudeau and Chrystia Freeland can’t really comprehend because they were never in business and most of the people in Trudeau’s cabinets ears are special interest groups, during the USMCA deal and I want you to really think about this, during the USMCA trade deal one of Trudeau’s advisors was UNIFOR trade unionist, president Jerry Dias, the same Jerome P. Dias, Jr. that recently told Canadians to boycott GM vehicles coming from Mexico.
I write these articles primarily for reference purposes because if a change to the Canadian economy doesn’t happen soon if we don’t end corporatism soon, forget a crash we’re going to have an economic collapse. At this point the best thing to happen to Canada will be an economic crash, what Canada doesn’t want is an economic collapse. Majority of Canadians, Conservatives included are brainwashed with how a free market economy is supposed to function, what this means is if an economic collapse happens in Canada, a vast majority of Canadians will opt for an easy fix, which will lead to even more damaging effects. As I’ve stated, what I see coming is The Liberals winning the coming election, the Conservatives finishing 2nd and the People’s Party of Canada finishing third.
Why I see this is that Canadians need to hear the flipside of the debate, most aren’t ready for Maxime Bernier and it’s my belief that things are going to have to get really bad under Liberal leadership before Canadians start listening to reason. #PPC2019
Interesting times ahead.