Well Written Article With an Unfortunate Title: Aaron Wudrick: Chrystia Freeland comes bearing good news – October 31, 2020,
So yeah, by now, everybody sees it, actually let me state this differently everyone who wants to see the obvious can see the obvious and I also hope people understand why there was a Gold Standard to begin with. The gold Standard kept governments honest, in actuality the minimum wage and social security as an example were the main reasons why Franklin D. Roosevelt’s New Deal caused so much economic disaster to the point that America had to abandon the gold standard, but at this point, that’s ancient news as the article below points out interest rates are near zero and they’ll stay near zero so why in the hell should anyone care about deficits?
Late-Stage-Socialism
Late Stage Socialism is derived from Karl Marx who wrote about Late Stage Capitalism. Well, as any Capitalist will tell you, what we have in Canada is not capitalism at best we have corporatism. The flaw of capitalism revolves around DEFLATION, bankruptcies, fire sales, super low prices, house market crashes, loan defaults, market crashes, minimal regulations, the government doesn’t save you, or provide you with money it stole from someone else, this is capitalism.
Capitalism is taking the training wheels off the bike, removing the Inflatable armbands, and swimming or sinking, capitalism when it was practiced lead to wealth the world had never imagined previously. But it had some downside, that downside being that the greedy people who felt like they didn’t get their fair share demanded the government make them whole and so we created the welfare state, which, by the way, is a form of socialism, but to avoid the socialist label the Leftists use names like compassionate capitalism or welfare or some other made up Leftist word, in the end, it’s all socialism and socialism doesn’t allow DEFLATION.
The reason socialism doesn’t allow deflation is that a wage earner or an individual dependent on the Welfare State doesn’t want to see their paycheck diminished. Imagine you went to work one day and your employer said to you, the economy is bad so I’m going to have slice your wages in half? In this era that would be POLITICALLY unacceptable right? People don’t even think like that anymore, why? Because of politicians.
The public sector via voter demand, of course, is hell-bent on debasing the currency, but they’re doing it gradually at least that’s what they want you to believe. I’ve studied Latin-America, namely Latin-American politics, which by the way is Leftism to the extreme. With all the destruction Leftists do to Latin America they’re welcomed with open arms because the people genuinely believe that things can’t get any better.
In Latin America when they imagine countries like Canada, they don’t believe that our economies are better because of freer markets, no they believe it’s because we’re somehow smarter or just plain luckier than they are. I say his because Leftists often think that economies run on autopilot, they don’t see how government-imposed regulations and the role government liabilities play in the destruction of civilization and it’s this allows the Chrystia Freeland types to exist politically.
Chrystia Freeland is clearly clueless, I wish I could label her as corrupt, but I genuinely don’t think she’s corrupt, I think she’s clueless. You can listen to her and know she has no direction, she knows what to say, she knows how to frame her argument, but as the article below points out, there’s no substance to her.
Because the Canadian mainstream media treats Leftist differently, and Leftist in Canada are masters at not answering questions, the Chrystia Freeland types become comical, but also frightening, because a lot of Canadians trust her. With that said, the warning signs are quite clear, we’re headed for some interesting economic times, I wish my fellow countrymen all the best.
Aaron Wudrick: Chrystia Freeland comes bearing good news | financialpost.com
Interesting times ahead