Justin Trudeau’s ESG Economic Disaster Continues To Destroy The Canadian Economy: Telus to lay off 6,000 workers as net income drops 61% – August 6, 2023,
We’re headed for austerity or economic collapse. I’ve been writing about this for years now, but 99.9% of people disagree with me. What people tend to forget is that the ACCEPTANCE for Fiat money worldwide on the foreign exchange markets have allowed countries with world reserve currency status to pursue RIDICULOUS economic agendas.
Prior to low IQ Canadians voting for Justin Trudeau THREE times, the Canadian government was already badly-run. The destruction of the Canadian economy, in my opinion, ACCELERATES under former Prime Minister Pierre Trudeau, Brian Mulroney trying to appeal to the far left of that era, raises taxes to cover the shortfall, and then Jean Chretien Liberals sell off some government assets and cuts some taxes to attract more capital to Canada, yes, I’ll ignore their corruption in this article for the sake of time, but to Jean Chretien-Paul Martin Liberals also decide to UNLEASH Federal Government back mortgage-backed Securities into the marketplace.
This, ofcourse, doesn’t only fuel a residential housing market boom but also a COMMERICAL real estate boom, which is the number one reason Canadian BUSINESSES are hurting today.
Canadians kick the Paul Martin Liberals out of power and along comes Stephen Harper, who doesn’t really shrink government but becomes a better manager of it. Part of former Prime Ministers Stephen Harpers’ managerial skills included the hiring of Stephen Poloz.
Poloz, Canada’s most dovish central banker in the country’s history, found any and every reason to lower interest rates which didn’t only fuel the residential housing boom; it filed the COMMERCIAL real estate boom.
Most people have short-term memories and lower interest rates along with federal government-backed mortgage-backed securities, GUARANTEED consumer price inflation. Well, under Harper, because he was a good manager, made Canadian voters imagine that anyone could do what Stephen Harper did so why not vote for Trudeau, because after all Trudeau was making it appear that things would get PROGRESSIVELY better under hs leadership.
Even the CBC(Canada’s State-Run Media) admitted that Justin’s weakness was the economy, but Canadians didn’t care about the silly economy; Trudeau was going to legalize the ganja! Trudeau beats Harper in a landslide, and Trudeau gets to work pursuing his very EXPENSIVE agenda, which revolves around ESG.
I wrote about ESG over a decade ago; ofcourse at the time, I didn’t call it Environmental, social, and corporate governance(ESG), but it was pretty obvious why the globalists/Corporatists were happy to have Trudeau as their representative.
Trudeau’s ignorance makes his ESG pursuit easier for him to sell. If you listen to most modern Progressive politicians, most of them are exceptionally ignorant of the economy. I think Macron in France and Califonia governor Gavin Newsom are the rare exceptions of pure evil.
Whereas Justin Trudeau and Joe Biden appear to be ignorant, Newsome and Macron are blatantly trying to exploit people’s lack of comprehension of the economy.
So how did Justin Trudeau lose 6000 Telus jobs? It’s the economy, stupid! Canadians for obvious reasons, have shifted their spending patterns. I’ve been steadily observing the price for used smartphones rising, so these tab plans are becoming less appealing, and when you impose a carbon tax, that’s fewer dollars in Canadian’s pockets.
Now even if you’re in a province like B.C. where there is no FEDERAL carbon tax, you have to remember that the B.C. PROVINCIAL government has raised its own taxes for its own ESG agenda. So the costs of everything in B.C. are high.
For a company like Telus, it has to watch it’s OPERATIONAL expenses, and if they’re not growing, they can’t justify their large workforce. Although Telus has its own monopoly, it’s still a for-profit business that has to answer to its shareholders.
If you imagine that Telus should be nationalized, then you obviously imagine that the Federal government is efficient with the resources it has access to now. I remind you that Justin Trudeau is running a HISTORICALLY expensive record-breaking deficit, meaning that in 10 years, nothing the Liberal government has done has been cash flow positive.
While deficits continue to get more expensive for Canadian taxpayers, Justin Trudeau continues to hire more Federal government employees. I remind you that a lot of the EXISTING federal government employees not only work from home but also have sweetheart PENSIONS!
Pensions even if you believe in them are paying people to be UNPRODUCTIVE and not only are people who accept pensions unprotective they’re also a strain on the taxpayer because the older you get the more likely you are to use the health care system.
When I write about Late Stage Socialism, I’m referring to either inevitable austerity or hyperinflation of the currency! Austerity is hard to swallow and there will be massive pushback. hyperinflation is easier to swallow and the ignorant amongst us can continue to live in their fantasy world. Prepare yourselves accordingly.
Interesting times ahead!