Clear and Concise Signs of Economic Deflation in Canada: Container Shipments Plummet at Port of Vancouver in Step with falling consumer demand #LateStageSocialism – September 26, 2023
If you’re a Peter Schiff type, this entire global economy is easier to comprehend. Peter Schiff is a leader in comprehending the fiat money scam. If you listen to Peter Schiff, you know he’s right; what Peter Schiff often gets wrong is the timing because, as I like to point out, there is still a global DEMAND for U.S. dollars.
Why is there a global demand for U.S. fiat dollars? The ANSWER, in my opinion, is that most countries can finance their welfare states with U.S. dollars, which, although scarce on a GLOBAL scale, are more liquid than adhering to a gold standard.
Price discovery is a real bitch; rediscovering prices even in a digital era, would be catastrophic, especially for a country like China, which bases its entire currency on owning and controlling MANUFACTURING.
The fear of a country like China would be FORCED austerity in the global economy. Forced Austerity, as defined by this writer, is shrinking the size of government, cutting government regulations, and potentially selling off government assets to the private sector. Austerity could also equate massive cuts or the complete elimination of the welfare state.
The technocrats in China often create economic policies to COUNTER the fiscal policies of their competitors; this allows China to take manufacturing jobs away from nations like Canada, for example.
Justin Trudeau is not only the worst Prime Minister in Canadian history, voted by the people; the numbers show he’s the worst Prime Minister EVER for the Canadian economy. I remind you that Canada was one of the BEST performing countries during the great DEPRESSION.
When you have container shipments plummeting, it equates to the Canadians spending less; there’s no hiding this. This is actually happening in the United States, however, Americans have more PURCHASING power, so what’s happening in the U.S. is that more container ships are as an example, returning to China EMPTY.
With Canada, the orders are dropping, meaning that Canadians are spending less now because of consumer price inflation that was created by Justin Trudeau’s excessive regulations on the oil and gas sectors as well as his regressive carbon tax, the PRICES for things in Canada are more EXPENSIVE which is resulting in Canadians spending more Canadian dollars to purchase fewer goods.
One of the topics I write about a lot on this blog is Canada Mortgage and Housing Corporation (CMHC) it’s not that I’m trying to bash them, the point I’m trying to make is that they’re the indicator of the TRUE value of the Canadian dollar.
I keep writing over and over again, if the housing market crashes, the Canadian tax payer is on the hook, meaning that it’s hard for me to imagine house prices CRASHING, could they crash? Absolutely, but if they do crash, the response may not be what some people think it is.
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At one point I was thinking that negative interest rates could be coming to Canada, because in my mind the hyperinflation is inevitable at this point, but to my surprise the Bank of Canada actually started raising interest rates.
Now, could the Bank of Canada lower interest rates to ZERO? Yes, but you have to look at Canada’s current reality, fewer containerships equate to fewer PROFITS being made in Canada for foreigners doing business here.
So lowering interest rates, could equate to a massive global sell off of Canadian dollars. which would make the price for Canadians to IMPORT things more expensive.
Because of Justin Trudeau’s FISCAL polices, there’s if this were to occur it’s not like the Canadian economy could replace those goods normally imported to Canada with domestic made goods.
You have to remember that Justin Trudeau raised TAXES during the good times and even though he raised taxes(carbon taxes) he still managed to INCREASE the debts owed by his Federal government.
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Late Stage Socialism is what I refer to as forced austerity measures or hyperinflation, that’s what I see. It really becomes one or the other and yes there could be variables, thrown in there. Austerity measures are typically hated by the people, so I personally see some very challenging times ahead.
Interesting times ahead.