Canadian Economic Collapse Watch: Lagging vaccination rate puts Canadian factories at a competitive disadvantage – March 14, 2021,
From the year 2016 until late 2020, Justin Trudeau was able to ride the economic wave of the Trump administration, but things are different now. Most people tend to forget that there was no economic recovery under Barack Obama and there was no economic recovery under Donald Trump.
There is nothing normal about central bank interest rates REMAINING at near zero, this is a sign that the economy is sick. Now, for people with low economic IQ’s they like to point to higher stock market or housing prices as indicators that the economy is booming and all I can say is the Weimar Republic and one of the most urbanized countries in Latin America Venezuela also had booming stock markets before their MAIN STREET economies collapsed.
The stock market, as well as the mortgage markets, are nothing more than papers or digits on a computer screen moving around, it represents nothing, it still makes me laugh to this day, whenever Donald Trump points to the stock market reaching record highs as some sort of an achievement, no they only achievement under Donald Trump were his REGULATION CUTS, many of which by the way has been reversed since Joe Biden became President.
Joe Biden is the stooge Barack Obama saved, Joe Biden’s political career prior to Barack Obama was laughable, Joe Biden and Bernie Sanders, who appears to be one of Bidens economic advisers were, known in Washington for their low economic IQ’s, well in Canada, everyone knows that the economy is both Justin Trudeau and Chrystia Freeland’s weak spots.
Sure maybe Chrystia Freeland and Trudeau have all the other ideals that make a politician appear like a great leader, but the economy is an area in which Canada’s mainstream media has been the most helpful for Chrystia Freeland and Trudeau in that obvious signs of Canada’s economic decline have, for the most part, gone unreported.
You’ll notice with Canadian media that once we start talking about the economy, Canada’s mainstream media prefers using complex wording that most Canadians can’t relate to, you’ll also observe that whenever Chrystia Freeland and Trudeau are asked about economic issues in the Canadian economy, they’re often reading off of a sheet of paper given to them from some unknown source.
On the flip side, former President Donald Trump could have hour long interviews going back and forth with the U.S economy, Donald Trump knew full and well that most Americans didn’t understand the economy, so he’d often point to things Americans were familiar with like the Stock Market, but for those of us who know better, we knew it was regulation cuts, Trump often never talked about, that was the main driving force of his phony recovery.
But, understand that when I call Trumps’ recovery phony, what I’m referring to was Trumps’ position on interest rates and allowing the economy to deflate. Donald Trump knowing full well that the economy needed to deflate in order for it to recover, wouldn’t allow it to happen.
Although a market crash on Trump’s record may have caused him to lose the 2020 election, the bottom line is by hook or by crook Trump lost the 2020 election anyway and why I point this out is because America is returning to the Barack Obama era economy, in which Justin Trudeau wasn’t part of.
Stephen Harper wasn’t attacking the Albertan Oil Sands to the level Justin Trudeau is, Stephen Harper was cutting the deficit, Trudeau on the other hand PRE-PANDEMIC was spending like a drunken sailor. Stephen Harper didn’t go to war with Canadian energy and Canadian manufacturing, Justin Trudeau went to war with Canada’s entire economy and Stephen Harper didn’t threaten freedom of speech or freedom of expression, the entire purpose of Justin Trudeau hiring The current minister of Canadian heritage Steven Guilbeault has much to do with silencing opposition.
So in Canada, we kind of have this ‘Nineteen Eighty-Four’ feel to our governance, in which a lot of politicians and media outlets are being muzzled, which of course leads to the notion that all is well in the Canadian economy. Now, personally, I’d like to imagine that Lagging vaccination rates in Canada are merely the result of incompetence via Justin Trudeau’s cabinet, but I actually think it’s more sinister than that.
Personally, I think Justin Trudeau’s people see the numbers, they know a serious recession is coming and they’re going to think more about a Snap election than they are returning the Canadian economy to normal. Because a normal Canadian economy equates DEBT-DEFERRALS being lifted and the pay increases Canadians got via CERB payments, becoming a thing of the past.
Of course, I haven’t mentioned paying back CERB, because obviously that will be paid back either via austerity measures or Inflation, I tend to see inflation being the manner in which these debts will be paid back, however, the real problem is dealing with inflation in a deflationary economy.
Most people don’t understand the lagging effects of near-zero interest rates, which is the cost of government, you never read about public sector workers seeing a reduction in pay and this is the problem with normal interest rates and a deflationary economy, this is what leads to hyperinflation, it’s the government and central bank RESPONSE to deflation.
What most governments and Central banks do when they see deflation is provided liquidity and mal-invest in hopes that the money print into existence goes to the right people, but of course this doesn’t happen, because the real problem with a bloated government is the COST OF LIVING on Mainstreet, in which price and wage controls(something Canada has a lot of) make worse during economic downturns.
What will interest me is how long it will take the Canadian government to realize the corner they put themselves in!
Lagging vaccination rate puts Canadian factories at competitive disadvantage | reuters.com
Interesting times ahead!