The Economic Disaster under The Justin Trudeau Regime Continues: Thousands of port workers across British Columbia are resuming strike as Consumer Price Inflation Continues – July 19, 2023
One thing is certain, never has there been more confidence in the fiat monetary system in history than right now, and quite frankly, Big Governments worldwide have Private banks to thank for this.
Especially in Canada, the efficiency of Canada’s private banking system in comparison to all other banks globally is something to brag about. Oddly enough, it’s what Justin Trudeau undermined and potentially destroyed with his emergency act legislation which definitely has led to a changing of behavior among many Canadians who now know the federal government has more power over their PRIVATE property than they initially imagined.
In a nutshell, Justin Trudeau has enacted INFLATIONARY fiscal policies, we can talk about the carbon taxes and other regulations all day long, but in a nutshell, economically, Justin Trudeau has been an economic NIGHTMARE for all of Canada.
Even the people who voted for him are feeling the pain, but as I like to point out, PEOPLE DEPENDENT GOVERNMENT WELFARE do not care about consumer price inflation.
What I mean by this is if, let’s say I have no job, I have no income, or my income is based on an arbitrary wage set by the government or some labor union, consumer price inflation doesn’t bother me because all I have to do is VOTE myself a pay increase.
This is one of the reasons why governments do not want this consumer price inflation problem to continue because this is only the beginning. Recently news came out that China is not growing as expected, which means that the global economy is DEFLATING.
If the global economy is deflating and prices are not retreating, what does that tell you? It tells me global fiscal policies as they are today are disastrous, and Justin Trudeau has taken one of the most aggressive inflationary fiscal policies in the G7.
Why these B.C. port workers are striking because their already inflated pay is not keeping up with inflation which is one of the reasons they likely formed a union in the first place.
I’m not pro-union, but the good thing about unions is that they let you know when inflation is rampant. Labor Unions going on strike also indicate that consumer price inflation will continue because their pay raises will get passed on to Canadian CONSUMERS.
When most people think of PRICE CONTROLS, they only imagine consumer price controls; when I write about price controls, I remind my readers that WAGES are a fancy word for PRICES.
Minimum wage is a PRICE CONTROL, Rent Controls are PRICE CONTROL, and the supply management cartel in Canada creates PRICE CONTROLS. Canada has price controls in almost every sector, and this, to me, equates to austerity measures likely being the only solution to stop consumer price inflation.
Because as I’m pointing if the global economy is deflating and prices are still rising, what does that mean? That means the Canadian dollar is permanently LOSING it’s purchasing power unless these price controls are abolished.
Interesting times ahead!