RichInWriters.com

Marketing Information One Blog Post at a Time

Menu
  • International Dating Services
  • Work From Home Business
Menu

Is The Bank of Canada 50-basis-point June 1 hike a done deal? Will It Cool Consumer Price Inflation? Yes and No, It depends on What Canada Imports – May 28, 2022

Posted on May 28, 2022May 28, 2022 by RichInWriters
a Picture of The Current Prime Minister of Canada Justin Trudeau in Blackface
a Picture of The Current Prime Minister of Canada Justin Trudeau in Blackface

Is The Bank of Canada’s 50-basis-point June 1 hike a done deal? Will It Cool Consumer Price Inflation? Yes and No, It depends on What Canada Imports – May 28, 2022,

 

 

If you’ve listened to the World Economic Forum, they have an “it’s for the greater good of humanity” ideology, meaning that as their serfs, we need to suffer to stop their political science narrative of climate change. Justin Trudeau and his cabinet are members of the World Economic Forum. Klaus Schwab has openly talked about his admiration for Canada’s current Prime minister Justin Trudeau.

As it stands today in Canada, Justin Trudeau has a lot of support from people in his party, many of them are willing to sell their souls to him, having little interest in the destruction he does to the country, they continue to support him and his cabinet blindly, which is something to pay close attention to because, one could argue that Canada’s sovereignty is already at risk, based on Trudeau’s associations with the World Economic Forum.

Chrystia Freeland
Deputy Prime Minister and Minister of Finance, Office of the Deputy Prime Minister of Canada | weforum.org/people/chrystia-freeland

Chrystia Freeland World Economic Forum
Chrystia Freeland World Economic Forum

Chrystia Freeland
Deputy Prime Minister and Minister of Finance, Office of the Deputy Prime Minister of Canada
Chrystia Freeland
Deputy Prime Minister and Minister of Finance, Office of the Deputy Prime Minister of Canada | weforum.org/people/chrystia-freeland


This admiration for Justin Trudeau doesn’t stop with the leaders of the World Economic Forum. The Bank of Canada governor Tiff Macklem has bought up a lot of Justin Trudeau’s debt, it should be noted that some of the money Trudeau borrowed hasn’t even been SPENT yet, which is one of the reasons MP Pierre Poilievre who is hoping to lead the Conservative Party of Canada, has threatened to fire Tiff Macklem if elected Prime Minister.

Publish Your First eBook Today Click Here For eBook Designing and Ebook Publishing all in one

It’s one thing for Justin Trudeau to imagine all sorts of spending ideas, it’s something else when the Bank of Canada buys all of Trudeau’s spending plans. I bring this up, because, there’s little to NO incentive for Justin Trudeau to cut government spending or cut government regulations on the private sector and why this matters is that raising interest rates, will actually enrich people who spend Canadian dollars OUTSIDE of Canada as their purchasing power will be greater outside of Canada than it is inside of Canada.

No, when I write this I have to explain why, the reason why Canadian dollars will be better spent outside of Canada, has to do with the REGULATORY environment inside of Canada. When you’re as “smart” as Justin Trudeau, you can make the argument that cost of living increases are a SMALL price Canadians are willing to pay to stop climate change. Yes, people like me know it’s B.S, but good luck to people like me convincing Trudeau loyalists that Trudeau isn’t doing the right thing for THE WORLD.

The price of oil as an example is priced in U.S dollars, Canada does have a petrol dollar, however, we get little benefit from that DOMESTICALLY. Even if the forex markets reward the Canadian dollar, it’s not going to change the reality of the regulatory environment in Canada, which makes it more expensive for Canadian businesses to do business.

Publish Your First eBook Today Click Here For eBook Designing and Ebook Publishing all in one

People talk about RESIDENTIAL real estate prices in Canada, completely ignoring COMMERICAL real estate prices. Commercial leases aren’t only expensive, so is paying for energy prices for commercial prices, all of these inflated prices get passed onto consumers, and if those businesses can’t pass those costs to consumers, Canadians will experience shortages of things.

So you could actually see DEFLATONARY prices in certain goods, as interest rates rise, but I must point out that certain IMPORTED goods, will not see prices deflate, not because market participants don’t want to sell to consumers, but because they won’t have positive cashflow. If a business does not have positive cash flow, it’ll either cease to be in business, change its business model or raise its prices.

Regulations are like minimum wage laws, the minimum wage law makes it illegal or more importantly UNPROFITABLE for a business to lower costs to consumers. a lot of businesses for example would rather stop selling and building rental purposed housing rather than feel the wrath of rental controls. If the government declares war on fossil fuels, as an investor you’re taking a serious risk looking for oil, so many companies won’t and this leads to SHORTAGES.

Publish Your First eBook Today Click Here For eBook Designing and Ebook Publishing all in one

Now, the central bank can prevent this from happening, but as you’ll notice, the central banks are often the SCAPEGOAT for politicians. Whether it’s Left Wingers or Right-wingers, people like to blame the central banks, I like to blame DEMOCRACY! I think blaming central banks is LAZY because we’re all to blame for this craziness.

https://richinwriters.com/vid/Why-Socrates-Hated-Democracy.mp4
Humans that want social security and minimum wages want FIAT MONEY because in a market economy, the government can’t provide social security, that’s silly. Because humans want something for nothing, not only do we have a central bank, but we also have fiat money. People tend to forget that labor unions were terrorist organizations, often destroying private property because they wanted to be paid a “livable wage”.

What’s a livable wage? I don’t know? Your guess is as good as mine, but some people live within their means, others want to go to the restaurants and bars every night, travel the world, buy the best clothes, you know to enjoy the finer things in life. Because these people don’t want to live within their means, they use the democratic process to vote for their favorite politician who will MANIPULATE the money supply.

https://richinwriters.com/vid/crypto-confiscation.mp4
So when Justin Trudeau steals money from certain groups of people, the democracy shrugs it off and focuses on making sure that their government checks keep rolling in. I personally see negative interest rates coming to Canada, once it’s realized that rate hikes are accelerating deflation in the economy. A reminder that a lot of Canadians have no money, they’re actually in debt, and not only are they in debt, but they’re also RELIANT on debt, to stay afloat.

So as consumer prices remain as they are or rise, the interest people are spending on their debts is going to accelerate, thereby lowering their standard of living. Regarding house prices, CMHC and its solvency as an example are reliant on the housing markets remaining artificially high. Once cracks start forming in the economy, which could take YEARS, depending, there will be calls to lower interest rates or take on extreme measures.

Publish Your First eBook Today Click Here For eBook Designing and Ebook Publishing all in one

Now, the real problem is the size of the government, but Trudeau will be the Prime minister for the next 3 years, so the cost of government is going to remain expensive for the foreseeable future.

Economists forecast rates will jump by another half percentage point next week — cooling Canada’s housing market even more | thestar.com

Interesting times ahead!

Recent Posts

  • Atheists Get an Abraham Wake-Up Call – “We Came to Egypt to Ask for Permission to Walk Toward Gaza” (Identity Politics Gone Wrong) – June 19, 2025
  • Former NDP Leader Jagmeet Singh (highest-spending member of Parliament) is now under RCMP protection – June 19, 2025
  • Understanding Canada’s Corporate Welfare EV Mandate – Mark Carney Appears To Be Attacking CAR DEALERSHIPS – June 18, 2025
  • Why Libertarians Annoy Me: Israel-Iran vs. Russia-Ukraine – June 18, 2025
  • Correction, President Trump: Russia Annexed Crimea Under Stephen Harper and Barack Obama – June 16, 2025
  • Canelo Alvarez vs. Terence Crawford: Why It’s Tough to Get Excited (David Benavidez)
  • Did The Brother of Jagmeet Singh (Gurratan Singh) Just Advocate For Gun Rights? “fend for themselves.” – June 13, 2025

Categories

  • International Dating Service
  • Corporate Financing
  • Work From Home Business
  • Affiliates
  • About
  • Privacy
  • Contact
©2023 RichInWriters.com | Powered by Liberty