The Canadian Economic Disaster Looms: Canadian Government Revenue was $207.7 billion April-to-December 2020 meanwhile program spending, excluding net actuarial losses, rose to $428.9 billion – February 26, 2021,
Canadian Member of Parliament Pierre Poilievre has been the only member of Parliament consistently pointing out the debt crisis in Canada, well, men lie, women lie, numbers don’t lie and I’d like to remind people that the Canadian economy was in serious trouble before the pandemic.
Old man Trudeau killed jobs in the West and Quebec.
The son, by contrast, believes in equality—so he kills jobs equally across Canada. pic.twitter.com/M16GobbIgs
— pierrepoilievre (@PierrePoilievre) February 24, 2021
Prior to the pandemic, Justin Trudeau was bailing out the mainstream media and wastefully spending money on entities that led to his multiple scandals as Prime Minister. The Justin Trudeau economy was never profitable or even solvent.
If Canada weren’t a fiat monetary system and instead was on a Gold-backed currency, we would have been bankrupt, why do I bring up Gold when it appears that Gold doesn’t matter anymore, well, Global debt is at horrendous numbers and usually a reset or a great reset revolves around GOLD repricing your currency to Gold, something Canada currently has.
Now, not having Gold is one thing, but Justin Trudeau has also destroyed Canada’s energy, which at the very least if able to operate at full capacity could shrink our trade deficit, but Canada has fallen so far down that if the U.S economy halts, the Bank of Canada will be forced to go negative interest rates, something Canada can’t recover from with current policies.
So the real estate prices in Canada, shouldn’t be ignored because they’re a reflection of the price of the Canadian dollar. The Canadian government the CMHC and the Bank of Canada have prioritized the housing market, meaning that instead of allowing the housing market to deflate or even crash, it’s more likely that the Canadian dollar will be debased.
Debasing the Canadian dollar hurts the low-wage earners the most and don’t be confused into believing that a debased Canadian dollar won’t be welcomed by the individuals that do not work or contribute their fair share to the Canadian economy.
These VOTERS which usually Leftist voters will vote for the debasement of the Canadian dollar, I write extensively about Argentina and their union and welfare culture, to avoid hard work or market-work, seekers of welfare will vote for currency debasement before they vote for a free market.
What I’m getting at is the very real reality that readers would be smart to imagine the future of Canada with much higher prices, because it’s unlikely these deficits will be paid back or even serviced with taxes! #LateStageSocialism
Federal deficit hits $248.2 billion for first nine months of 2020-21 fiscal year | ctvnews.ca
Interesting times ahead!