Justin Trudeau’s Liberals Comprehending the Free money disaster: Canadians taking CERB who don’t qualify could face consequences – May 2, 2020,

So, for any Conservative reading this, one of the reasons I don’t want a Gold Standard currency is because the government is inefficient at everything, as long as my fiat money can purchase Gold and Silver coins I don’t care what the fiat dollar is backed by, I don’t care if it hyperinflates, deflates or disappears, an asset, is an asset, is an asset, even in Communist countries, people figure out how to make government property cashflow.

Now, I’m not pushing for my form of collectivism, but Governments all over the world are pretty useless, which is why knowledge is power and as an individual, you should always have the ability to see things for what they are and not what you imagine them to be. Justin Trudeau’s free cash giveaways have dire consequences, currently, money and the economy isn’t the first thing on people’s minds, the coronavirus is, but as people become restless and Coronavirus starts to be viewed as another strain of the flu, that we’ll just have to learn to live with, economics starts to take front and center.

In America, wealth is currently parked on the shores of California, black gold is waiting to find a home in the United States. when the world is awash with oil it’s usually a signal of deflation.

Now, deflation is death for a country with a big government to feed. Public servants don’t work for free, Public servants don’t work for free, Public servants don’t work for free, Government workers don’t work for free, Government workers don’t work for free, Government workers don’t work for free, and the paychecks of the Government is reliant on taxation, that mostly comes from the private sector.

Now in Canada, our private sector has been under attack, the Alberta il patch as an example has pretty much been regulated out of existence and to top it off Justin Trudeau’s people created a Carbon Tax, which will really hurt retail in Canada, in a manner that retail in Canada will have to pass costs onto consumers.

The stimulative effect of the free money Justin Trudeau has given to unproductive Canadians is toxic money in the sense that it has an expiry date, is a loan in certain respects and might not be paid back or if it is paid back places which would otherwise get that cash won’t get it and to top it off, I’m not sure if you can force people back to work.

I’m genuinely not sure how Canadians will behave when the COVID-19 emergency is over, will their spending habits change, will massive defaults start to occur because remember, Canadians were in debt prior to COVID-19 and if they don’t qualify for CERB and have to pay that money back, I’m not sure what that looks like.

I can’t imagine that’s a positive thing, but I’m certain as the realization comes in of how reliant Canada is on imports, that the Liberals really better get their acts together, because what I think is going to happen are currency wars for scarce resources!

Now, sure the free market could solve this problem within a few months, but Justin Trudeau’s people don’t want a free market, they’re anti-capitalism and therefore they’re going to want to use the levers of government to make things normal and I’ll be the first to say, that it might work, I’m not sure, the only thing I do know is productivity levels globally are going to be problematic domestically and how that manifests itself will be what it will be.

There are certain things that printing money and running deficits can’t solve, as an example a few years back Brazil decided that it would no longer export rice and overnight the price of rice rose, it didn’t matter how strong your currency was, rice became more scarce and there was nothing currency could do about it!

In the end, money regardless of what it’s backed by is a convenient form of barter and if people don’t want your currency, your gold or your bitcoin you have to find the treasure you seek somewhere else and this process takes time!

Prepare yourselves accordingly

Canadians who don’t qualify for CERB are getting it anyway — and could face consequences | cbc.ca

Interesting times ahead!