Coronavirus Will Be Blamed For Canada’s Economic Downturn, but that really doesn’t matter, Policies Matter and Canada’s current economic policies are disastrous – April 15, 2020,
Because of Justin Trudeau’s horrible economic policies, the Bloc Quebecois has seen a resurgence in popularity, in general, most Canadian Leftist who don’t feel beholden to the Liberal Party brand have done everything not to vote for the man. However, let’s call it for what it is, special interest groups, whether they be special interest religious groups, labour union groups, public Sector workers which also include employees of Crown Corporations which would potentially be sold off during periods of economic downturns, these entities which have a lot of members, supported Justin Trudeau in record numbers to save their own hides from not only job loss and working in a private sector, but also their retirement incomes.
The problem with voting for incompetence is that you can’t fix stupid. Dumb usually gets even dumber when it’s back is against the wall, because the foundation it created was worse than a house of cards, it was house reliant on cards imported from China.
In a capitalist society, the best times for people who understand capitalism are the economic downturns, no it’s not about getting rich when it comes to capitalism, it’s about the opportunity to rebuild, for most people who prefer the government micro-manage the entire economy, it’s painful to imagine, pursuers of profits correcting government created problems and that is what is going to cause the most problems during a recession.
Bank of Canada says domestic downturn to be sharpest in history, drops forecasts | nationalpost.com
If a were central banker, even I wouldn’t blame Government for something they caused
In times like these, as a public figure, you don’t point fingers, you simply list facts, that people in the market understand. in the title above, Canada’s central bank kept things short and brief, basically telling Canadians to expect deflation, which is, of course, horrible for Liberals, who need inflation in order to pay the bills.
Deflation, when people used to understand the market, would simply equate to liquation sales for businesses who were over-leveraged, but you see in a real market economy there are no price controls or minimum wages, so if an economy contracted, the market, the small business owner and even the government would shrink with it.
In this modern era, in which most politicians, don’t understand deflation, there’s a theory that Government can simply print money, inflate asset prices and wait until things return to normal. But you see, there’s a problem with that in modern Canada, that problem is we’re heavily reliant on imported goods, because of the high cost to operate our governments, most Canadians business are already overleveraged and being that Justin Trudeau made energy costs more expensive with the carbon tax and also appears to want to phase out Canada’s oil sands, what I would say if I were an opposing politician or even working under Trudeau is NOTHING!
Being that most Liberals, don’t understand Austrian economics, any words uttered by a Conservative against Justin Trudeau will come across as negative and mean spirited during time of crisis. So, during times like these, it’s a good chance to promote your Party’s platform and leave running the country up to the idiots that created this mess.
Money is useless without market workplace participation. Taxes collected by the private sector not subsidized by the government are the only taxes that can shrink the deficit. Crown Corporations as an example distort prices so any and all tax collected by Crown Corporations are actually creating poverty, but you see the size of government isn’t important during the good times, people only start to notice these things during the bad time.
Petro Canada used to be a crown corporation until the obvious was noticed that Petro Canada was distorting prices and therefore tax collection all over Canada, Crown Corporations tend to base their pricing models on their employees’ salaries which completely distorts tax collection, as most Crown Corporations not only destroy the hope of creating additional jobs in the niche they dominate but Crown Corporations can cause entire industries not to exist.
It’s not a coincidence that even during periods of deflation, dairy prices in Canada will not decrease, rental prices probably won’t decrease, energy prices probably won’t decrease the cost of living during a deflationary period in Canada might actually go up.
Now, obviously the blame is going to be put squarely on the Coronavirus, but that doesn’t really matter, because workplace participation is down and unlike in times past, Canada can’t simply manufacture its way out of this. The government on multiple levels is punishing people for being productive and as I’ve written plenty of times, what a private sector downturn actually means in Socialist Libera society is that the GOVERNMENT JUST GOT BIGGER and the cost to manage it more expensive!
This is how deficits explode, this is why again deficit spending if done at all, should be done cautiously because unexpected events always happen and now, the main thing you want to fight for in Canada is your freedom of speech and fight against authoritarianism because more than likely Trudeau’s people are going to try and cover up their incompetence in all of this and the only way for them to do it is via censorship!
Maybe they’ll accuse one side of being racist or they’ll promise free money in exchange for Canadians giving up more of their liberties and freedoms. History repeats itself and don’t be foreign to what’s happening in Canada, don’t let anything catch you off guard during periods like this. Prepare yourselves accordingly and any cash that you don’t have in your possession isn’t really yours! Do not forget this! When reading the article below, don’t only think about yourself as a consumer, retailers are people too!
Bank of Canada asks retailers to keep accepting cash despite COVID-19 concerns | cbc.ca
Interesting times ahead!