Trudeau’s trip to Aga Khan’s island violated four sections of the Conflict of Interest Act, but Leftists Don’t Care – February 04, 2020,
Justin Trudeau has been quite the disaster for the Canadian economy, luckily for the current Prime Minister, Donald Trump is in the White House which has been a boost to the world economy and being that the U.S is Canada’s largest trading partner, the Trump effect has been a net positive for the Canadian economy.
With that said, Justin Trudeau’s Liberals have put Canadians in historic levels of debt, furthermore, the Canadian consumer is also in historic levels of debt and because the Canadian dollar is falling, Asset prices in Canada in the Canadian dollar denominations are continuing to inflate, which eventually is going to create an imbalance which won’t allow Canadians to service their debts.
Now, when both the government and the private citizen can’t service their debts, this is what leads to the worst type of recession, The Paul Martin, Jean Chrétien spent an entire decade fixing the messes created by Pierre Trudeau and Brian Mulroney and Justin Trudeau has actually done far worse, while at the same time destroying his families legacy. Justin Trudeau won’t be remembered in Canadian politics in the same manner his father was. Canada, in my opinion, has dissolved into a period of overt collectivist greed.
The elites clearly have shaped the hearts and minds of a large majority of Canadians and this is an expensive price to pay, because the point of a democracy is to hear multiple sides to a story, snowflake culture along with self-regulation of a persons freedom of speech doesn’t allow certain ideas to be debated openly in fears that it will heart someone’s feelings. This Collectivist form of governance eventually leads to entire generations having zero understanding of Freedoms, Liberties and the correlation to economics.
Now, it’s pretty obvious that Trudeau is bought and paid for, there isn’t even an effort to clean up Canadian politics. Nobody cares, nobody seems to care and I have to remind the readers, that Canada’s economy, the way its structured today, will have a hard time recovering from a crash. We in Canada have a huge government workforce, many of whom will be reliant on a vibrant Canadian economy to retire.
An estimated 35 per cent of Canada’s economy is protected from foreign competition, via rules, government intervention and varying interprovincial requirements, according to a new study by Fraser Institute, a Vancouver-based think tank.Protected industries: Why more than a third of the Canadian economy is walled from competition | financialpost.com
The Canadian dollar was artificially devalued primarily to appease Eastern Canada and in the event, the Bank of Canada is forced to raise rates, asset prices will be devalued and loans will be defaulted, making matters worse is if the Bank of Canada lowers interest rates because interest rates were lowered unnecessarily, even lower interest rates will have less of a stimulative effect and then making matters servicing loan at near zero percent BoC interest rates are already causing Canadians to default on loans.
What I’m getting at here is the Canadian economy has backed itself into an economic corner, while at the same time having a corrupt government who spends taxpayer dollars recklessly. It should be obvious to people what may become the economic realities of the Canadian economy in the very near future. I’ve stated this several times, Canadians better hope the United States doesn’t have a recession.
RCMP resolves impasse, pays $56K bill related to Trudeau’s trip to Aga Khan’s island | CBC
Interesting time ahead!