Canada’s Tax Collector The Canada Revenue Agency(CRA) Threatens Strike, But Everyone Knows Justin Trudeau, will Give Into Their Demands – April 9, 2023,
For the financially illiterate, it’s always hard for them to comprehend that if the government has control over the money supply, why doesn’t the government simply hand out money to any Canadian that needs it? Well, to answer that question quickly, money is a convenient form of bartering, which is basically trading one thing for something else.
Once you understand that money is a convenient way to trade, rule-by-fiat money may start to make a little bit more sense. Canadian dollars have written on them that they’re legal tender in Canada, sure Canadian dollars can be spent outside of Canada, but Canadian dollars won’t be LEGAL tender in another country, meaning that inorder to LEGALLY spend Canadian dollars outside of Canada, you have to exchange them for the Host nations currency.
What I’m getting at here is that the strength of the Canadian dollar as far as INTERNATIONAL trade goes, is pretty strong; however, domestically, the Canadian dollar is getting weaker every month; why? Because Justin Trudeau, the current Prime Minister of Canada, has declared an economic war on domestically made ENERGY products.
By creating a carbon tax and layers of NEW regulations on energy companies, the entire private sector in Canada either has to pay more for energy or search out alternatives, many of which haven’t been made or perfected yet to counter the carbon tax, this ofcourse equates to COSTS being higher for Canada’s private sector, and these costs are then passed onto Canadian consumers.
This leads to CONSUMER PRICE inflation, and Canada, via minimum wage laws and other labor union wage ENTITLEMENTS, equates to Public Sector workers, whose income is derived from the productivity and TAXES paid by the private sector, demanding a pay raise.
In short, when public servants get a pay raise, Justin Trudeau either has to raise taxes or borrow more money from the Bank of Canada. The more straightforward method is, ofcourse, to borrow money from the Bank of Canada, but, you see, the majority of the money Canadians spend comes from the Bank of Canada, and the Bank of Canada, also needs to be paid back for the money it loans.
You might argue, well, why does the Bank of Canada need to be paid back? The answer is the FOREIGN EXCHANGE markets (The Forex markets). If, let’s say, the bank of Canada gives money to any Canadian that needs it, this would afford Canada an UNFAIR advantage in trade, meaning that Canadians could buy more goods for NOTHING, while other nations would have to pay back debt.
Obviously, this would lead to a breakdown in the forex markets, and this is why demand and solvency of nations’ currency also play a role in the price people are willing to pay to hoard said nations’ currency. Before you think Canada can’t lose it’s status in the world’s basket of most traded currencies, it’s happened to plenty of nations; in fact, the European Union was created because a large chunk of Europe tried to PRINT their way to prosperity.
Justin Trudeau and his voters might be the dumbest voters and people in Canadian history, but they’re not the dumbest voters in world history. In my opinion, Justin Trudeau is using this hysteria to gain favor with the CRA because what will likely happen is that Trudeau will give in to their demands in exchange for the union guaranteeing that its members vote for the Liberals in the upcoming election.
Trudeau is going to likely lose any coming election; however, he and his Party will fight so that the Liberals and the NDP can block the Conservatives from enacting certain policies. Although Trudeau won’t be able to FORCE CRA employees to vote Liberal, he can coerce them to. It’s not like the average Canadian comprehends basic economics, most Canadian voters imagine money grows on trees and the government can give away all the money it wants without ay consequences.
Interesting times ahead.