Justin Trudeau bankrupted Canada and I don’t think Canadians are ready for Austerity Measures: Retired Alberta Agriculture researcher calls provincial cuts ‘devastating’ – October 24, 2020,
Hopefully, I and many other experts are wrong about the future of the world, but in case you didn’t know, quantitative easing, lower central bank interest rates, bank liquidity whatever you want to call it, it’s not working and the world is headed into a zombie economy, which is commonplace in Japan, the difference being that the Japanese citizen is not in record levels of debt, the Japanese people look at social security as a joke and Japan is still a manufacturing powerhouse that artificially devalues its currency to sell to its indebted customers.
I say this because Japans zombie economy is understood by its leadership to be stimulative for its manufacturing and private sectors, Japans public sector spending is very targeted and deliberate, whereas, in Canada, our public sector spending revolves around ‘social justice’ and protecting entitlements.
In Japan, around 2013 the Japanese finance minister ‘jokingly’ told their old people to “hurry up and die” as to relieve pressure on the state to pay for their medical care. Now, think about that for a moment, because again the Japanese people know their governments are insolvent and probably won’t pay if things go sour, is that really the case in Canada?
Is Canada ready for austerity measures? Because when I read about what’s happening in Alberta, which is Canada’s most Conservative province, many in their government workforce, don’t appear to understand how their bread is buttered.
One of the terms I hate using is ‘taxpayers’ which include public servants who have taxes taken out of their paychecks. Any many earned in the public sector is derived from the private sector, the government has no money without the private sector, Government is supposed o be there to protect our freedoms and liberties, the government is not supposed to be involved in globalist redistribution schemes like the Carbon tax or the ver regulations of Alberta’s energy sector.
Now, personally, I don’t understand Jason Kenney’s strategy, in my opinion, he’d be smarter to put Western separation on the table as a means to negotiate with Ottawa because Austerity measures will lead to Alberta ultimately having more money available, which the Federal government will take in equalization payments, which ultimately is bad for morale.
So I don’t really get Jason Kenney, maybe I’ll figure things out in the future, but with that said, it doesn’t appear to me that Canadians are mentally prepared for austerity measures, because make no mistake about it, Justin Trudeau, the Liberals, The Greens and The NDP have already bankrupted Canada’s public sector.
Now, I get it, for many of you the article I point to below doesn’t seem like a big deal, but Canada doesn’t have the worlds reserve currency, and we now have more public sector debt per-capita than THE UNITED STATES OF AMERICA and our energy sector is under attack?
Jack M. Mintz: In government spending and deficits, we’re now No. 1 in the world | financialpost.com
Now, Canadians should be terrified about this, but a lot of us aren’t because we’ve become accustomed to the good times, so I ask you to make sure that you’re enjoying your life the best you can right now, make sure you’re taking the time to thank the higher power for the good times because once this crash hits us, the only easy answer is austerity measures and in case you’re wondering, a lot of Canadians are reliant on the government to survive.
Public sector jobs are indeed forms of Welfare in my opinion because their very existence revolves around the private sector. It’s not to say that some public services aren’t needed, but does Canada really need a Minister of Middle-Class Prosperity? Does Alberta really need all that bloat in Agriculture and Forestry?
Again we’re living in the good times, the wasteful times, and once a country is broke and overly regulated that the economy eventually crashes! The Canadian economy actually already crashed but… you know The Canada Emergency Response Benefit (CERB) now The Canada Recovery Benefit (CRB), mortgage deferrals, auto loan deferrals, rent deferrals, all of those initiatives gave Canadians the illusion that we didn’t crash.
Those who know, know, those who don’t well what’s coming is going to shock them and I suspect their ignorance on the subject is going to make the situation worse as I believe that the Canadian dollar is going to be debased, and by debased I mean the Government spending and Bank of Canada liquidity is going to come with serious consequences in the future.
Retired Alberta Agriculture researcher calls provincial cuts ‘devastating’ | globalnews.ca
Interesting times ahead!