Government Malinvestment and mismanagement of power and resources the root cause of the coming economic downturn for Canada – November 21, 2020,

Let’s not forget Sweden in all of this that made it constitutionally illegal for their government to control the movement of Swedish citizens. Based on the remarks Justin Trudeau made at the World economic forum it’s safe to say, that he’s waiting for a global economic bailout of some kind.

To be fair Justin Trudeau is not alone in his mismanagement of power and resources, other world leaders are in similar situations, the difference in Canada is that the Trudeau government appears to find comfort in looking at the debt-to-GDP numbers completely ignoring the fact that Canada’s devalued dollar allows us to pay for government in a manner in which would be more challenging if the Loonie had been backed by gold or some other commodity.

What this means is if there’s an actual prolonged recession for Canada and our largest trading partner the United States, what appears to be a small problem for small and medium-sized businesses, will quickly become a massive problem in which public sector debt becomes very difficult to service.

From what I understand, the current servicing of debts in Canada will soon only be paid by printing money, this is of course the problem in countries like Argentina. Now I’d argue that Canada has more of a market economy than does Argentina, however, Canada’s private sector is shrinking and it’s indebted and the cost to service private sector businesses existing debts are getting larger and larger, and the interest paid on private sector debt are retail interest rates, not favorable Federal near-zero Government rates.

Because of the Liberal governments’ initial response to the problem, they’re actually the root cause of the private sector being in the shape it’s in now. If you want to believe that masks help, Trudeau’s Liberals sent Canadian masks to China, they also allowed flights from China to come into Canada and Trudeau delayed fixing the Roxham road refugee problem. These are just a few of the federal responses that led to the spread of Covid-19 in Canada.

Via Justin Trudeau, Small businesses in Canada may also miss out on the usual Christmas rush. Now, the actual purpose of my writing this article comes from existing inflated prices in both the commercial and residential real estate markets. Canada prior to COVID-19 made the educated decision to lower interest rates to prop up asset prices during the good times.

In a capitalist society, prices go up and come down, in a socialist society with a big government, prices and asset prices have to continuously go up, because shrinking the size of Government is called austerity measures and a lot of public sectors workers are unionized and have job protections that don’t exist in the private sector, as an example there is little fear of bankruptcy when you work for the public sector. So what this means is that the Private sector has to continuously grow and pay taxes in order to pay for the public sector debt.

Well, COVID-19 has been a death blow to the private sector and this obviously means that tax collection for the government is going to come down. As most small businesses know, getting a loan doesn’t guarantee your business will be successful, and being that these rent relief programs are basically to simply keep the doors open, let’s just say in my opinion, the various levels of government in Canada have taken a very challenging approach to the Canadian economy which I personally think is short-sighted.

We inflated the cost of living in Canada unnecessarily and there needs to be a discussion about bringing the cost of living down, everyone in Canada is sacrificing except for the Public Sectors in Canada! Unless the Globalists turn us all into serfs and slaves with NO PROPERTY rights, there’s no way that I can imagine that a new monetary theory can fix the economic disaster that’s headed our way.

Small businesses welcome new federal rent relief as lockdown looms, but it’s too late for some | CBC

Interesting times ahead