The Reason The Size of Government Does Not Shrink – Protesters dump manure in front of Premier Doug Ford’s office – December 22, 2019,
I can’t vote for the Conservative Party of Canada anymore, because based on polling they’ve made the decision that in order to win Provincial or Federal Elections, they have to be more Liberal. Now, it’s hard for Canadians to imagine now, but once the economic crash happens it’s going to hit us hard. Worst is how the crash is going to hit us if you’re in debt, it’s not that debt won’t be available to you, it’s just that cost of living is going to go up while your debt servicing is prolonged.
Now, that’s a best-case scenario, in my opinion, the credit markets are going to tighten, not for the financial responsibility but for the financial morons. This potentially could cause riots in the streets, which would also serve oddly enough as a stimulus for the Public Sector, the problem, however, is that during times of economic chaos, more than likely a Liberal or some other Leftist moron might appear promising to give Ontarian voters more free crap. Doug Ford with all his faults is actually trying to put Ontario in a position so when this inevitable crash occurs there will be some semblance of a competent public service.
Climate protesters dump cow manure outside Doug Ford’s Etobicoke office | ctvnews.ca
Ontario as a province can’t print money, we have to borrow it, the more we borrow, the less attractive we look as a place to invest. Now, it’s not to say that companies won’t invest here, it’s just that their investments are going to cost more, the taxpayer is going to have to give up something. Doug Ford’ Austerity measures are needed, but you see the children have already been spoiled, there hasn’t been any financial discipline for decades and on the surface, Ontario, the Ontario economy looks fantastic.
As an investor, I know what lies underneath, but who cares about what I think, let’s deal with the reality, the reality is I would say over 95% of the Canadian population believes that Canada is isolated from an economic crash, this confidence is fueling socialists beliefs that have gotten sections of the entire planet to believe that a carbon tax will save the planet from destruction.
Now, as insane as this sounds, people fall for this nonsense because there’s a belief by a lot of people that minimize the importance of fiscal responsibility that the Government has the ability to solve all of the world’s problems and if only the government had more power, more money, and more resources then the government could put an end to all of humanities problems.
In easy to understand terms, a lot of people think consolidation of our rights liberties and freedoms will achieve human prosperity on a global scale. It’s their way or the highway if you don’t obey, well, Leftists tend to have a lot of time on their hands. When the economic crash happens in Canada and the public sectors in many provinces are broke, let’s be clear that it was Democracy that brought us here. Even Russia has abandoned Communism, sure there are communist synthesizers, but Communism doesn’t work unless of course, you use the Chinese communist approach, which works as long as those of us in the West ignore the Austrian Economics argument.
With every closing factory with every added public sector job that’s created while a Private job-creating business closes, Canada is marching closer and closer to an economy where 40% of the workforce either works for the Government or is dependent on the government for its survival. It’s important to remember that during an economic downturn that Big governments historically do not have the means to restimulate the economy without shrinking its size.
America is often saved by the world because the world still views the U.S dollar as a safe haven, in Canada, the last thing we’d want to be is a safe haven during an economic downturn in which a large chunk of Canadians are either in debt or a paycheck away from bankruptcy. We will see how long Doug Ford can hold on for, because people dependant on the Government for their financial survival are coming to destroy his life.
Interesting times ahead!