Paul Vieira of The Wall Street Journal Suggests the Bank Of Canada Will Cut Interest Rates: The Problem With That Theory Justin Trudeau’s CARBON TAXES and REGULATIONS on productivity – February 5, 2024
I’m the rare Canadian who appreciates Tiff Macklem, who is currently the Governor of the Bank of Canada. When Pierre Poilievre attacked Tiff Macklem, I defended Tiff, because, unlike the United States in whose central bank is labeled “The Federal Reserve,” which at the very least gives the ILLUSION of independence, the Bank of Canada is CROWN CORPORATION, it’s a state-owned enterprise with a MANDATE, dictated by Justin Trudeau.
When it comes to finances and economics, Justin Trudeau is an idiot, and of course, fiscally irresponsible idiots are going to surround themselves with idiots. If you look at 99% of Justin Trudeau’s cabinet, they’re fiscally incompetent; with that said, Tiff Macklem, at the very least, appears to comprehend his job description.
When I refer to Justin Trudeau is a fiscal idiot, it’s not because he’s the representative of the Liberal Party of Canada, it’s because he’s raising taxes while raise his governments OPERATIONAL costs.
If let’s say the carbon tax was being used to pay down debt, yes, I still think it’s illegal, but at the very least, INFLATION would have come down, but no Trudeau created additional UNNECESARY regulations on the Canadian economy while simultaneously raising taxes and growing the Federal Government workforce.
Respondents see rate ending the year a percentage point lower than its current 5%
Suppose you’re unaware a lot of Federal Government workers are still working from home. In that case, you have to also point out the “private companies” and “charities” that are reliant on FEDERAL GOVERNMENT subsidies to be solvent.
So if you’re a Canadian voter, and you’re wondering why Trudeau and the NDP still have some supporters, you have to factor in all the cradle-to-grave welfare recipients in Canada, many of them in Atlantic Canada (Liberal Strongholds), federal workers many of which could never make what they make working for Federal government working in the private sector, as well as brainwashed young people who are convinced the weather is change and THE GOVERNMENT needs to ANY and EVERYTHING to make the WEATHER “normal” again?
Based on my interactions with Immigrants and the Conservative Party of Canada, attempting to appease newly arrived immigrant VOTERS, I’d say that the immigrant vote is split. But you get my point.
The government welfare-dependent Canadian vote is going to either Justin Trudeau, the Bloc or the NDP, and to date, it appears that Tiff Macklem has a basic comprehension of what’s going on.
Paul Vieira, on the flip side, sounds like a lot of numbers geeks I know, numbers geeks technical traders, look at the charts, measure the data, and ignore common sense.
What I’m writing about here isn’t conspiratorial and this is not the fault of the central bank, this horrible economy revolves around the idiot Canadians who made Justin Trudeau the Prime Minister of their country.
I’d only blame Tiff Macklem, if he LOWERED interest rates in the face of rising inflation. In most undeveloped nations, that’s typically how they DESTROY the value of their currency.
When foreigners sell off a country’s currency, idiot federal leaders with an EGO tend to imagine that there’s some type of CONSPIRACY going on, and they’ll usually try to counter the sell-off of their currency by printing more currency.
But you see, if nobody wants your country’s currency and your government prints more of it, it will be hard to sell your country’s currency for REAL STUFF. Once your country gets a reputation for being a destroyer of PRIVATE PROPERTY, it’s game over. Still, you see, this is usually where the Fidel Castro types double down on their stupidity.
In Cuba, the home of Justin Trudeau’s real father, Fidel Castro, he began NATIONALIZING private property. I’m sure stealing other people’s stuff, made sense to Fidel Castro at the time, but Nationalization, of private property in Cuba, led, to everyone dumping CUBAN assets.
Now, idiots with low financial IQs will say that “the U.S embargo” on Cuba made Cuba poor, but this is nonsense; if you want to know what’s wrong with Cuba, try to start a business there. I remind you that Cuba has more NATURAL RESOURCES than Singapore, which a dictator also runs, but I challenge you to go to Singapore and try to start a business there.
Singapore has little to NO natural resources, yet it’s one of the richest nations in the world. In Singapore, their government will beat you with a stick if you disrespect PUBLIC property.
Canadian Equalization Payment Numbers in 2023
- Quebec: $14 billion
- Manitoba: $3.5 billion
- Nova Scotia: $2.8 billion
- New Brunswick: $2.6 billion
- Prince Edward Island: $561 million
- Ontario: $421 million
I’ll also point out that Singapore doesn’t have a strong military; Cuba’s military is much stronger than Singapore’s, but what Singapore has that Cuba doesn’t have is RESPECT for private property.
America has an embargo on all sorts of countries; the U.S. has an embargo on CHINA, the second-largest economy in the world. Cuba is poor because of fiscal spending, regulations, taxes, and their government’s lack of respect for property rights.
Below is the Trudeau popularity tracker by Angus Reid; if the data does not show up below, you can click the link provided or search for “Trudeau popularity in Google”.
In closing, could Tiff lower interest rates, ofcourse he could, but if he does, it won’t be because inflation is cool, last time I check Trudeau is going to increase the price for a carbon tax, and he’s still growing the size of his government, this all costs money, and I remind you that Trudeau is still trying to DESTROY Canada’s fossil fuels sector, a sector of the Canadian economy that pays a lot of taxes contributes to the CPP and drives operational costs DOWN.
Interesting times ahead!