Both Kathleen Wynne and Justin Trudeau are destroying the Ontario economy – Ontario business hydro subsidy to cost the province an estimated $15.2 billion by 2040 – March 18, 2021,
The lingering and disastrous effects Kathleen Wynne and Dalton McGuinty had on Ontario have been taking to the Federal Level with Justin Trudeau. As is the case historically in all of Canada, the Liberals come up with economic schemes that appeal to voters, and the various Conservative Party is left to clean up the mess.
Since the creation of Pierre Trudeau, the Conservative Party of Canada, both provincially and Federally, has deemed it wise to CONSERVE Liberal policies and attempt to be better managers of their disastrous economic effects. This strategy by the Conservative Party has proven to be a failing strategy as Leftisms has continued to grow in Canada to the point that now it’s a known fact that all Conservative Partys in Canada are Center-Left.
I bring this up primarily because of the current energy policies of Justin Trudeau, which current Premier of Ontario Doug Ford is left to clean up. So as many people know, every single Conservative Premier in Canada has been on the defensive since Justin Trudeau took power. The Carbon Tax is Federal and if you look at the corrupt way Justin Trudeau implemented it, regardless of the green energy performance of the Conservative-led province, Justin Trudeau has forced them to finance his carbon tax.
As it relates to Ontario, in order to prevent small, medium, and even some large manufacturing businesses, from shutting their doors and leaving Ontario(taking their jobs with them) Ontario Premier Doug Ford is basically using Ontario taxpayers to finance the energy sector. What Justin Trudeau is doing is beyond demonic, it’s pure evil, but to be fair I’ve been noticing this disgusting behavior since Kathleen Wynne.
Kathleen Wynne was the most vicious Ontario Premier in the history of the province, basically destroying the Ontario economy on her way out. Kathleen Wynne lost in a landslide to Doug Ford, not because he was a better candidate, but because her behavior was openly malicious and Ontarians could see it. Kathleen Wynne was upset because she got exposed for the fraud that she was and she took it out frustrations on her own prior supporters.
Justin Trudeau is in many ways a beloved man of evil, most of his supporters support him because for ideological reasons and it’s one of the reasons why I’ve been writing for years, that when this party ends, the Canadian economy is going to crash HARD!
Canada, namely Ontario is heavily dependent on the success of the United States, and Joe Biden appears to be the most progressive President in U.S history, which typically leads to an economic slowdown. For most people, they see the U.S economy booming after COVID-19 restrictions are lifted, but France has already shown the world, what happens to energy prices once the Carbon Tax is implemented.
Once the carbon tax is felt by WORKING class people, who have to pay for it, the economy goes into a MAINSTREET deflationary death spiral. Because peoples purchasing power is lessened, while at the very same time Inflation numbers rise.
When it comes to most public sector unionized workers, their wages tend to keep up with inflation, so as I’ve been writing for years, every portion of the economy heavily influenced by the government will see inflation in prices, while the real economy that pays all the taxes will see stagnant wage growth and worsening profit margins.
In the financial sector which is heavily influenced by the government, expect for them to get more profits. When the government/via their central banks leaves interest rates at near-zero for decades, and then begins raising or INVENTING NEW TAXES! It leads to a Mainstreet economic collapse.
I hear people saying they want a return to the Obama years, well there was no economic recovery under Obama, interest rates barely budged and people forget Barack Obama didn’t have to bail out Wall Street, Obama bailed out Wall Street because just like Joe Biden Barack Obama had a lot of Wall Street donors who contributed to his campaign.
In Canada, Justin Trudeau has been caught up in corruption scandal after corruption scandal, but because his supporters agree with him ideologically, they’re willing to go down with the ship. Well, the ship is beginning to sink and most Canadians are not aware of what happens when austerity measures are avoided.
When austerity measures are avoided it becomes a slow march to the economic gas chambers. Negative Interest Rates are coming to Canada, I’ve seen this exact same scenario play out in countries like Argentina, now, it’s unlikely that the Loonie will hyper-inflate, I don’t think Tiff Macklem is that stupid, but how things work in developed countries as was the case in France is that all WORKING Canadians namely those in the private sector, will see their purchasing power erode.
As is the case in the United States, Canadian dollars will be better spent OUTSIDE of Canada. Although most people like to point blame at the central banks, most central banks are the extension of stupid politicians, the central banks are merely the facilitators of stupidity.
Most of the people barking at central bankers are actually upset with democracy, which is what Socrates warned us about. The best advice I can give during this time is “skate to where the puck is going” or wherever you think it’s going.
At this point, it’s already too late, the fix is simple but unlikely, which would be to normalize interest rates and let the ‘too big too fail’, FAIL! But no, ever since Barack Obama made bailing out Wall Street the new normal, what’s going to happen instead is politicians will create new taxes, they’ll call them wealth taxes, carbon taxes and while they imagine these new taxes they’ll give out various forms of Universal Basic Income (UBI), because you have to understand that it’s WORKING CLASSES paying for all of this.
People on UBI also know as Welfare don’t pay taxes, the rich don’t pay taxes, the only people who pay taxes are the NON-PUBLIC SECTOR income taxpayers. Public sector workers do not pay income taxes, their entire payment is not based on earnings from the private market, public sector workers are the beneficiaries of taxes paid from private-sector employees and contractors, whom without, public sector workers would have no income because there would be no taxes generated to paid them.
So, via CERB the Welfare class in Canada has grown and many have yet to experience, the price inflation in mainstreet economy. When you’re getting paid to do nothing and not being productive, what the hell do you care about price inflation?
The reason why socialist countries always collapse unexpectantly is that when there’s little incentive to be productive because it appears the government is providing for all your needs, most people will be unproductive and won’t produce anything. Now while they’re living in the good times, their personal lack of productivity doesn’t seem like a big deal, because in their minds they imagine someone else is doing the heavy lifting for them.
While more and more people are becoming productive, the socialist country becomes more and more reliant on imports from other nations, once the trade deficit reaches an unsustainable level, the currency collapses, and the government moves into to do their own versions of the “Yield curve control” it’s usually only realized at the LATE STAGE SOCIALISM period how little the country was producing.
Lastly what most Western democratic Nations don’t understand is that their Liberalized, socialistic citizens have become accustomed to easy solutions, so typically the voters will double down on socialism, this is what I call Late Stage Socialism because economics is a boring subject and most VOTERS would rather believe that a politician is a saint brought down from the heavens to raise their standard of living without them doing any hard work like politicians did in the past.
No matter how many times the Argentine Peso collapses, Argentine voters refuse to give up on socialism I have contacts in Venezuela, don’t imagine for a second that a large chunk of the people have given up on socialism.
What am I getting at here, in short, is the end of the middle class! If interest rates remain at near zero, get that whole concept of a middle class out of your mind, there will be no middle class in the future if interest rates are never normalized.
Late Stage Socialism is the end of the middle class, there are the ruling elites and the poor, do not take for granted the services of the private sector, because once the government basically nationalizes everything limiting your options, you’ll start to understand why people living in the Federation of Russia and Mainland China always appear to be in a bad mood!
As you’ll read Ontario hydro is basically nationalized, two governments going to war with the private energy business stuck in the middle!
Ontario business hydro subsidy to cost province an estimated $15.2 billion by 2040 | ctvnews.ca
Interesting times ahead