Golden Week in China, NAFTA Deadline Day for Canada – September 30, 2018,

Happy Golden Week to the people in China and to my fellow Canadians, well be prepared for an interesting day, hopefully, this NAFTA thing works out in our favor, however, if it doesn’t get ready Canada because the cost of living is about to skyrocket. Now, I’ve been saying this for about a year now, the simple approach to Donald Trump was for Canada to do the exact same thing the Chinese Communist Party did which was to lower the corporate tax rate, to at least match what the Trump administration did and to cut regulations in Canada to match what the Americans did and if lower taxes to match what the Americans did.

Now, Trudeau being that he’s a social justice Prime minister could have easily told his followers that this was done to because America hired a different type of President and the Canadian economy needs to be competitive, this would have been an easy fix, he probably could have even kept supply management, but like I’ve been saying for years now, we in Canada have become arrogant, we’ve been changing the rules for NAFTA for so long now that we as Canadians feel disrespected when an American pushes back.

I personally don’t think what the President of the United States is asking is unreasonable, I also think that time is the friend of Canada, Canada could have made a buffoon out of Trump, but instead now we’re catering to his trade deadline, if Canada matched Trumps tax cuts and regulations the dairy issue would be an easy one, we could have told our Canadian dairy farmers that we can’t tell the Americans how to run their economy we’ll fight against the imposed dairy tariffs but we can’t guarantee you anything without you making some concessions.

Simple fix, Trudeau could have been back to his social justice bantering and this NAFTA issue would have been over because Canada would have made the concessions the president of the United States asked for, now even though I disagree with it, Canada could have used it’s lower loonie as the buffer to the U.S trade tariffs, but then again like I’ve said before the Canadian economy is overly regulated, prior to this debt explosion in Canada this entire issue would be easily navigable, but Canadians are massive amounts of debt, Trudeau’s Liberals raised the cost to do business in Canada by deficit spending and growing the Public Sector.

One of the reasons as an individual you stay out of debt is because when you’re in debt you’re at the mercy of the banks. If you’re in debt and the bank raises interest rates you’re in more debt and you may be in so much debt that you no longer qualify to renegotiate that debt because of the current very regulated Canadian financial sector. So if rates get too high in Canada, a lot of Canadians simply won’t qualify to renew or get a mortgage. Canada is heading for economic disaster regardless of how this NAFTA trade deal unfolds.

I have to be honest and say that when I see Justin Trudeau, Bill Morneau and Chrystia Freeland my skin crawls, they remind me of spoiled children turned adults. As an optimist, I don’t think an economic crash in Canada is necessarily a bad thing. If you’re not in debt, when this economic crash occurs, make sure that you vote for the political party that won’t be raising taxes to fix the problem. Vote for the political party that won’t limit your freedom of speech, as long as you have your freedoms you’ll be fine.

The coming economic crash in Canada will only be a bad thing if our reaction to it is more regulations and more government intervention. This coming crash in Canada is a great time for we the people to take our country back, economic crashes in the past were based on speculators, in this fiat money driven economy the crash will occur because of financial derivatives. If you don’t know what a financial derivative is, in simple terms I get a loan for 2% and resell that loan to you for 5% and you resell that loan to someone for 10% and that person resells the same loan to someone else for 29%. Now, this system has made a lot of people a lot of money and the fear is that these people will have too much money if the financial system crashes.

What a lot of people don’t understand about derivatives and the people at the top is that most of their wealth is put into Assets, so typically their wealth isn’t even in Cash, so when the economy deflates it’s the people in the middle that will feel the pain, also as the air comes out of the bubble they have what is called fire sales, which in time are the instruments used to stabilize prices.

Now, if you’re on Mainstreet and you’re not in debt, what will surprise you is how cheap everything becomes during these times. Socialists, left-leaners, Globalist don’t want the population to see crashes because during periods like these eyes are opened,one of the reasons Americans are so entrepreneurial is because a lot of Americans have seen frequent economic crashes, they’ve seen several fire sales, they’ve seen bankruptcies and they’ve seen prices drop, so in America they have more of a Laissez-faire attitude economic collapses. If you watch most financial shows in America, you’ll notice the optimism.

In Canada our optimism in many ways revolves around the decision making of our government, in Canada we’re very susceptible to globalism, we trust our government, we trust our banks, we’ve become accustomed to a bland economic existence which is why when prices increase there’s no real pushback in Canada. When costs and prices get too high in America they’ll hire a Donald Trump to clean it all up. America has done this before, with Ronald Reagan and they’ll do it again in the future.

This is why for the mainstream Canadian media they’re baffled with how to deal with Donald Trump, they’re used to the government making great decisions, the assumption in Canada is that our Politicians are a lot smarter than we are, in America, if you listen to both sides of the media they have no problem calling their President a moron publically on the white house lawn with the entire planet watching, that’s America and the thought of this happening our being the norm in Canada is unthinkable.

It’s why a lot of Canadians assume that they’re smarter than Americans are. If you listen to the Canadian mainstream media’s response to Trump, they often to respond with reason, evidence or reality no in the Canadian mainstream media they respond with everything about trade between Canada and the U.S prior to trade was wonderful FOR CANADA and so what the Americans were struggling, that’s none of our business.

America hires a businessman to correct their trade discrepancies and a lot of Canadians resort to their bland answers, there’s is nothing strange going on here in my opinion, it’s just that we in Canada have become arrogant. we’ve had a great run, an abundant economic run that wasn’t built on morals, we got away because maybe our system had morals than America did? Well, my point here is economic immorality is economic immorality and sometimes the person that calls you out might be more immoral than you are, but you’re both pigs wallowing in the same mud, and for the first time in a long time this pig called America is more aggressive than the pig called Canada.

Hopefully, all works out for both Canada and America, being that I’m Canadian I’d prefer that Canadians consider economic changes. We can’t keep doing this, I’ll be writing a post tomorrow and maybe later on today depending on the progress of NAFTA.

Interesting times ahead.