Canada’s Plastic and Steel Money may get further diluted: Trudeau promises $9 billion for students – April 22, 2020,
Coins should actually be in more demand than banknotes, as inflation starts to take root in society, the Gold Bugs demand for a Gold-Backed Currency starts to make more and more economic sense. If you have or hoard Canadian coins with the exception of the now-deceased Canadian penny which prior to 1997 was made of 98% copper, 1.75% zinc, most Canadian coins can be picked up using a Magnet! Try using a magnet to pick up U.S currency and you’ll see why there had long been calls to phase out the penny made of Canada.
It gets worse with the Canadian Penny, prior to the penny being phased out of circulation in Canada, the Canadian penny was made of 94% steel, 1.5% nickel, 4.5% copper plating!
Copper isn’t magnetic, Gold, Silver and Copper historically, that was God’s money they all had value because everyone knew the processes necessary to bring them to market, it’s no secret the relationship copper, silver, and gold have to the Electrical conduction process, do you love electricity as much as I do?
With or without the government, everyone knows the value of Gold, Silver, Copper and Oil have. Carbon steel as many people know is composed simply of iron and carbon and because of this simple process in relation to the earth, steel is magnetic. I’m simplifying this for time constraints, but I hope you get the picture.
Trudeau is anti-oil and oddly enough Canadian banknotes are made of a synthetic polymer. In my world, everything Trudeau is doing wrong to the Canadian economy is unbelievably clear. He’ll even have a COVID-19 scapegoat if the Canadian economy goes further left.
One interesting side note is that Maxime Bernier is doing what I hoped he would do from the beginning which educating Canadians in simple, easy to understand terminology what Trudeau is doing wrong, so when the crash does happen, not only were Canadians prepared, but they’ll be able to ignore the bickering that will come from the Leftists who will argue that during a crash is the best time to grow the size of government.
Who needs Bernie Sanders when you have Justin Trudeau? If you’re living in Canada, as of todays date, you’re living in the eye of the economic storm, for as long as possible, we all are going to want to ignore what Trudeau has done, but I’m sorry Canada he’s already done it and regardless of what you’re money is backed by, productivity is productivity, you can’t hide productivity.
The world has become less productive which means supply chains are messed up everywhere, this means as demand rises for goods and services, prices for things are going to start to rise and possibly never come down based the structure of your countries economy.
Once your country decides to operate as a business, meaning that it has costs that have to be paid for in order for it to attract investment, during global downturns as everyone looks to make up for losses, the economies with the lowest costs to do business are the most attractive places to invest in. Higher taxes, a higher deficit, more regulations a carbon tax, and a Prime Minister who is bound by the laws political correctness?
It’s hard for most people to realize it now, but most countries are going to have resort to austerity measures to pay the bills. Yesterday’s indebted economy was based on COVID-19 NEVER happening, most pensions, all forms of welfare were based on an economic model of productivity which was expected to rise, not shrink!
You get people in debt so they become your slaves and work hard for you. One of the reasons governments don’t like their citizens saving money is that eventually, their richer citizens have little or no need for the government. In Switzerland as an example, immigration was easily solved by the SWISS people, you produce you can not become a Swiss resident!
Prime Minister Justin Trudeau, who has already announced more than $100 billion in various forms of assistance, offered more financial supports on Wednesday.
The money — a total of $9 billion — would go to students struggling to stay afloat but who have lacked access to previously announced emergency financial assistance. Students will receive $1,250 a month from May to August under the assistance, he said.
Congrats to all the students, but umm, yea, a lot of students were unproductive in financial terms to the Canadian economy prior to COVID-19, and Trudeau is going to give them 9 billion? The coveted tax in case people don’t know is the INCOME TAX levied on the private sector. Public sector income taxes are basically taxes collected via the private sector that gets taxed again.
Productivity comes from the private sector, any money the government thinks it has comes via the private sector well, this is simply a lesson Canadians are going to have to learn the hard way.
As is the usual case with inflation, I expect it to happen piece by piece, this will get a little more expensive, that will get a little more expensive, the size of this bag of food will shrink while the price for it remains the same, you get the picture, get ready for it.
I’m hoping Maxime Bernier can pick up more seats in the upcoming election, but if Conservatives think that the Conservative Party will be able to turn this ship around, I highly recommend that you listen to the Conservative party leaders when they speak, because the new normal will creep up on you and one day you’ll notice how similar the Lib-Cons are.
At this point, only austerity measures can fix the economic problems facing Canada and I doubt any politician except for Maxime Bernier or the Libertarian Party of Canada will even talk about shrinking the size of government.
In closing, a reminder of why the penny was phased out, the Canadian penny was phased out in my opinion because of its COPPER content, they tried to dilute the copper, but making the Canadian penny was still too expensive, this should be an eye-opener!
Even today, you can’t use a magnet to pick up U.S dominated coins, but you can use a magnet to pick up Canadian coins! Trudeau is also anti-Canadian-bank-notes. Trudeau doesn’t like Polymer, although our currency is made in Germany, Plastic is oil… Canada prepare yourselves accordingly, please.
Trudeau says a $1,250 monthly payment is coming for post-secondary students, running through August, to make up for lost work and cut hours
Interesting times ahead