The Canadian housing economy is going to look very weird when COVID-19 is contained – April 12, 2020,
Luckily for me in my younger years and even into my later years, I was able to see Socialists and Socialism up close, I was able to see Liberal polices in action, I know a lot about environmentalists and renewable energies by communicating with the people that fought to use the force of the government to make it all happen, I also learned about CMHC via Liberals in Ontario and I got to learn up close and personal that most and mean nearly 95% of Liberals and Leftists don’t want to help the poor, they want personal security from the poor.
Capitalism brings prices down, Government intervention and socialism makes prices go up!
A brief reminder of what Capitalism is and what it does to prices, in the streets or in the black market a dime bag of weed is $10, you’ll usually get gram of weed for $10 on the black market, but the reality is if the government didn’t make marijuana illegal or overly regulated, a dime bag of weed would probably cost $1 if that because marijuana is a plant and if people can grow it themselves they will, but you see if people were freely allowed to grow Cannabis the price of Mary Jane would fall like a stone, as would the price of cocaine and other drugs.
The video below is what happens to prices when the government doesn’t get involved, spoiler alert in a capitalist society, CONSUMER PRICES FALL when there’s an abundance of something!
The Greed of SOCIALISTS!
The prices for things go up because of the scarcity of those things, a blatant example of this is what Ontario farmers who are under a SUPPLY MANAGEMENT SYSTEM(I voted for Maxime Bernier by the way) did recently in the MIDDLE of the COVID-19 outbreak.
If you want to talk about Greed, look no further than the socialist supply management system some Ontario farmers beg to be a part of. Now Canada’s state-run media the CBC for obvious reasons made sure the title of the article read Dairy farmers dumping milk as demand drops when it should have said ” in an effort to make sure Canadian consumers pay more for dairy products Ontario’s dairy Cartel dumps milk as demand drops”
Our liberties and freedoms exist to prevent us from being taken over by cartels, INDIVIDUALISM, capitalism, free markets, FREEDOM it is all based on supply and demand, the government’s role are supposed to protect our freedoms from people who EXPLOIT the poor. But you see we’ve gone so far from thinking like this in Canada, that our banks and our governments are doing everything they can to get the Canadian housing market propped up!
How the Canadian Government using CMHC and The Bank of Canada are Profiteering From Poor
Recently Donald Trump who has an America First slogan told Canada, America first find your own masks! Supposedly Conservative Ontario Premier called out Donald Trump for being mean or mean spirited, expectantly current Liberal Prime Minister Justin Trudeau also detailed his disappointment with Trump, but in my opinion, Trump has a point, why can’t we make our own masks?
Doh yeah! our inflated residential and commercial real estate markets, which mortgage insurers the CMHC and low-interest rate fighters the BoC are propping up! oh yeah the cost of energy is too expensive, remember we have to meet our Paris accord targets, and if we don’t our Liberal government is going to tax our businesses with additional taxes.
Furthermore, if you speak out against Canadian Liberal politicians, you’re a racist, imagine being viewed as a racist business person with sewing business? The margins for manufacturing businesses are already thin, imagine being bombarded with accusations of being a tax cheat or having your business viewed as being against the climate change agenda, which our environmentalist Marxists will tell us is the will of the people?
Would you really want to do your manufacturing in Canada? I mean think about this for a second in Canada if your business is successful there’s also an equalization system so if you’re a profitable business in a profitable province in Canada, a portion of the taxes you pay, go to Canadian provinces who are less effective and who are probably easily reaching their Paris accord targets because after all in Canada’s current economic SOCIALIST system everybody is being rewarded for being inefficient.
A reminder that if a property is not producing anything, that property is a liability, not an asset. If any property is not positive cash flowing, then that property is a liability, another reminder that most commercial properties have a mortgage, most residential properties also have a mortgage now in order for mortgages to be paid, people have to be productive.
I comprehend that most people on the Left assume that the connection between money and productivity has long been severed since the creation of fiat money has been successful, but unfortunately, similar to a gold standard, a fiat monetary system is tied to a countries production and sure fiat money allows you to hide it better than a Gold Standard ever could, but the real problem comes when productivity is out of balance with the actual currency supply flowing through the economy.
It’s going to feel like you’re floating one day and falling the next day, eventually, the market will catch wind that you can’t pay back your debts and not only can you not pay back your debts, but your payments and near-zero interest rates are unaffordable for your citizenry. This is when inflation or the price of money, whichever way you want to look at is going to go up.
It’s already happened at the grocery stores, items are getting smaller and the price doesn’t budge, well my dear reader, this might only be the beginning, because not only is Canada in debt we’re also unproductive, but most of the people working in Canada during the COVD-19 outbreak are public servants and public servants get paid from the private sector via taxation, Canada’s private sector was shrinking long before COVID-19 and via Justin Trudeau, it’s a lot more expensive for the private sector to even recoup profits when it’s being price gouged for energy.
Trudeau hasn’t budged on his carbon tax and let me be the first to tell you that if you live in Canada, you’d be wise to prepare yourself accordingly! Because an inflated housing market is only the beginning of our economic problems!
Canada Has Put Housing Markets On Life Support. Here’s What’s Happening. | huffingtonpost.ca
Interesting times ahead!