Government Dependents & People On Welfare Don’t Pay Taxes: Justin Trudeau’s Support Highest Among “HAVE NOT” Provinces Let’s Talk About Equalization Payments – January 21, 2024

When you dive into the Justin Trudeau data, the evidence suggests that government or public sector dependence appears to be a huge problem with OLD STOCK Canadians.

This also appears to be the problem with newly arrived Canadians who are repeating this pattern. However, these newly arrived Canadians are NOT abandoning the failed cultures they left behind.

What I’m getting at here is that if the current culture of Canada is not changed, to be one of SOLVENCY and economic prosperity, we’re going to run into some serious systematic problems in the NEAR future because, in case you’re not paying attention, Canada is becoming increasingly dependent on IMPORTS.

Approval of Prime Minister Trudeau by province

Highlight provinces in the bar below for comparison

As an investor, I pay closer attention to central banks and FISCAL data, which give me a global view of the CULTURE of people in a country. For example, in Switzerland, in 2023, their central banks have interest rates pinned at 1.75%; in Japan, interest rates remain at -0.10%. Compare those numbers to Canada, where interest rates remain at 5%.

Canadian Equalization Payment Numbers in 2023

Quebec: $14 billion

Manitoba: $3.5 billion

Nova Scotia: $2.8 billion

New Brunswick: $2.6 billion

Prince Edward Island: $561 million

Ontario: $421 million

I remind you that neither Switzerland nor Japan have the geographical advantages that Canada has; however, FISCALLY, their economies are more sound. Of course, all nations, to some degree, are dependent on imports, but when your country is FORCED to raise interest rates during a DEFLATIONARY economic cycle, it’s a clear indication of your country’s reliance on ATTRACTING capital to prop up its fiat currency.

In Canada, as I like to point out, there are a lot of PRICE CONTROLS being enforced, if that’s not bad enough Canada, has burdened herself with MASSIVE DOMESTIC debt obligations.

If Canada were a business, onlookers would say it’s a badly managed business that needs massive restructuring, however, Politics allow for the general population to kick the can down the road because in Canada’s case, we have one of the world reserve currencies, we can kick the can far down the road.

Internationally, there remains interest in the Loonie IF THE PRICE IS RIGHT (higher interest rates compared to other developed nations), but domestically, the Loonie is losing its purchasing power during a DEFLATIONARY economic cycle.

You should know by now, that the economic data is fudge, and the definition of a RECESSION has been changed to match the fudged data. By fudged data, I’m referring to certain data not being included in the inflation calculations.

However, fudged data can’t hide the fact that both Japan and Switzerland can still play the game of DEBASING their currency to attract capital on the FOREX markets while Canada can not.

If the wording of the aforementioned sounds odd, it’s because we’re using FIAT money, and rules by fiat money can do things and create scenarios that could never exist on a gold standard. If, for example, the world were on a Gold Standard, Canada would be bankrupt, and the foreign exchange(forex) markets would not be able to bail us out.

However, because, for example, PHYSICAL Canadian dollars can be bought and sold as PROPERTY, countries that don’t have the privilege of being labeled the world’s reserve currency may hoard Canadian dollars or Canadian assets to preserve their purchasing power in their country of origin.

Imagine going on vacation in the Caribbean and noticing you’re Canadian dollar can buy you more in, say, Jamaica than it can buy you in Canada; that’s the forex markets, and that’s the privilege of having the Canadian dollar and protecting that purchasing power, is the job of Canada’s FEDERAL central bank.

The average Canadian imagines that the Central Bank is made to serve the demands of Canadians or the politicians in power. Yes the role of Central can change, but if the Canadian dollar were ever to lose its purchasing power, the cost of Imports SKYROCKET and that’s more disastrous than Canadians can fathom right now.

Fiscally, Canada is a disaster, prices are high because the multiple layers of government in Canada have PRICE CONTROLS; whether we’re talking about minimum wages, rent controls, or protectionism, a lot of domestic prices are FIXED, meaning that every time domestic or international inflation happens in Canada, there’s a new BARRIER to enter into the Canadian market.

You have to remember government people, unions, and consumers, don’t know the difference between DOMESTIC price inflation and international price inflation, they combine them all as the same thing, and because they do this, they don’t imagine consumer price inflation as a DOMESTIC FISCAL, voting problem, they see inflation as something coming from the PRIVATE SECTOR.

Canadians also imagine that they can solve inflation from legislation. How I see the average Canadian voter/consumer is that most will vote for more GOVERNMENT PRICE CONTROLS to fix pricing problems.

Why this is, I conclude it’s because of the number of Canadians reliant on the government for their job and economic survival combined with the number of Canadians on welfare and 100% reliant on the government for their survival.

This all dates back to around Pierre Trudeau, Canada, a little austerity in the 1990s; I believe we’re headed back to an era of forced austerity.

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Interesting times ahead!