Warning; We are not a politically correct site. Don't like us? Don't read.

Friday, December 2, 2016

Is Justin Trudeau globalist policies Bankrupting Canada? Is the west doomed to fail economically?

Justin Trudeau the Canadian Prime Minister said that he learned a lot from his father who was Prime Minister of Canada from 1968 to 1979, and again from 1980 to 1984.  But what did he learn?   Was it how to bankrupt a country like his father did?  Pierre Elliot Trudeau devastated the Canadian economy in many ways, but his biggest blunder came in 1974 when he sold out Canada to private banks.  Ever since then we have joined many other countries who also have been taken captive by private banks and are deeply in debt.  And now our young Trudeau will finish what his father started.The Bank of Canada was established in 1934 to supply interest free loans to the government for infrastructure and other related projects.  When the money was paid back, it was withdrawn from the system.  It worked very well and Canada prospered.   There was never too much or too little money in the system producing neither inflationary or recessionary cycles.   Then in 1974 Pierre Elliot Trudeau changed all that.  It is not known whether he was threatened, paid off, or simply made a bad decision, but he agreed to borrow from private banks instead of the Bank of Canada.  The Basel Committee was very influential in his decision.  After 1975, Canadian federal debt grew for the next 12 years at more than 20 percent per year.  Currently, Canada’s national debt stands at over $1.1 trillion and taxpayers are forced to pay over $30 billion in interest on the debt every year. 
 
His son, Justin Trudeau being a drama teacher turned Prime Minister, is totally clueless about economics. He is spending like a drunken sailor out on a binge.  He currently wants to spend $60 billion on infrastructure which will produce no return on investment aside from some small tax revenue from wages and supplies used in these projects.  Along with all his other spending projects for climate change, refugee programs, foreign aid, and similar non revenue producing investments, he has no clue where the money to fund these projects will come from, but says that “it will all sort itself out”.

According to the Fraser Institute, combined federal and provincial debt in this country will top $1.3 trillion this year.  That’s if Trudeau stops spending, but that is unlikely.  This is in addition to Canada’s $450 billion government debt already on the books.  Currently local, provincial and federal governments pay more than $60 billion a year to service their debt.  Money that we would not have to pay if Canada borrowed from the Bank of Canada like they are supposed to.
Recently there has been a new development which is before the courts.  Canadian constitutional lawyer, Rocco Galati, on behalf of Canadians William Krehm, and Ann Emmett, and COMER (Committee for Monetary and Economic Reform) on December 12th, 2011 filed an action in Federal Court, to restore the use of the Bank of Canada to its original purpose, by exercising its public statutory duty and responsibility. That purpose includes making interest free loans to municipal, provincial, and federal governments for expenditures (education, health, other social services) and /or infrastructure expenditures.  Whether this will gain any traction or not remains to be seen, for as we have seen before, bankers do not give up easily.
SOURCE
----------------------------
$200 Million Funding to rebuild Iraq’s Economy

$7.5 million in funding for Madagascar

$12.5 million in funding for Liberia

$2.65B to climate-change fund at Commonwealth summit

Trudeau's Spending Priorities Send Too Many Tax Dollars Overseas

Liberals accused of “betraying” Canadian veterans, failing to deliver on campaign promises
Some of the promises the Liberals failed to deliver include free education for veterans who complete their service, restoring the option of lifetime pensions to veterans with disabilities and the promise to invest $80 million every year to create a new education benefit to help veterans re-enter the workforce and to help expand Canada’s skilled labour force, which was supposed to provide full support for the costs of up to four years of college, university, or technical college.
Now it turns out the $80 million was not included in the 2016-2017 fiscal years because it was not part of the federal budget.
Since winning the elections last October, the Liberal government had made pledges to spend more than $5 billion on foreign aid, including $2.65 billion to fight climate change, $785 million to fight against AIDS, tuberculosis and malaria, $13 million for Vietnamese farmers, $15 million for job training in Africa, $14.25 million for infrastructure in Indonesia, $147 million to the United Nations Central Emergency Response Fund, $125 million for Ethiopia’s Productive Safety Net Program, $1 million to UNICEF Child Protection Working Group, $1 million to the UN Office of the Special Representative of the Secretary-General for Children and Armed Conflict, $75.4 million in support of projects in health, education and nutrition, as well as a financing mechanism that can assist countries hosting large numbers of Syrian refugees, $17 million for enhancing regional security in Southeast Asia, $20 million to Sri Lanka for job creation and “diversity” enhancement, $2 million funding to Ecuador following the earthquake, $200 million in additional financing to the Iraqi government and $158 million over three years in support of humanitarian and stabilization efforts for the people of Iraq.
The $158-million pledge is part of Canada’s three-year, $1.6-billion commitment to Iraq and the region announced by Trudeau in February 2016, which includes $840 million in humanitarian assistance.

How many Veterans would love to have a house and home like this? (you gotta look at this, furnished and everything)
In Canada Syrian Refugees Get $3600 Per Month From The Government, $43,000 Per Year, While The Average Canadian Makes $27,600 Per Year
Jezz, maybe I should get a boat, get picked up by the Canadian government and claim to be a refugee? Would love to have a "house" like this. Free house and free furniture, feed and clothe.
In the mean time in Canada, some people sleep outside in the winter, including our veterans.

How many First Nations community and families "inside Canada" would love to have a home like this instead of the shacks they live in specially up North.

And that is a few of what he is giving out for his globalism ideals.
-----------------------

Over a billion to Iraq for Humanitarian aid, (an oil rich country) this would sound nice except Iraq is surrounded by rich Arab countries who would rather spend money on financing and arming terrorist organizations  like al nusra and isis rather than helping out innocent civilians and why should they right? After all, the naive western countries are doing it for them. How many refugees have been accepted on the Arab gulf states territories by the way? That's right 0...

Don`t get me wrong, we are no fans of the previous government either,
From its swearing-in on May 18, 2011 to August 26, 2011, the Harper government distributed 443 cheques worth a combined $3.9 billion.

The Harper `conservative` government took a healthy national economy which was paying down the debt (from 650 billion to 550 billion,with a 13 billion surplus) and put it back to 650 billion with a chocking deficit, then in the last year of their mandate claimed a balanced budget, thanks to them selling off government shares in the auto industry.
Imagine for one minute how well off the country would be if they would have continued to pay down the debt, produced surplus. All those interest payments would have gone down, instead of up and could have made life easier for the nations citizens. 
Even today a year after the election, conservatives are praising Harper, putting up pictures of him saying "miss me now".
Ah! NO!
This kind of politics show one thing, it`s not about serving people but power itself at any cost, whether liberal or conservatives.

Back to today....
Of all these billions sent over seas, and remember, this is over and above what we already generously give out, how much of that would have helped, vets, elderly, poor, children, families, health care, shouldn't economic policies of a nation be awarded to it`s population first. Instead of dishing out billions to countries who spend their money on military equipment to keep their people under a totalitarian regime, governments based on undemocratic tribalism, on and on...
Shouldn't we start thinking about our own first, or is it that globalism and establishment elitist believe we have more than enough and their popularity on the world stage is more important.

What is so disturbing, some of all this "globalist economics" is for get this; AFFORDABLE HOUSING", specially in Indian, Indonesia...in the meantime...
The number of homeless veterans in Canada is soaring

Number of people living on Toronto streets increases: Survey...Military veterans make up 16%
 Hydro One leaves family of 6 without electricity for months
According to Ontario’s auditor general, over the past eight years Ontario residents have paid $37 billion more than they should have for electricity.Justin Trudeau is taking Ontario’s nightmare and imposing it on the provinces who still produce coal: Alberta, Saskatchewan, Nova Scotia and New Brunswick.

But hey, what's really important for the Canadian economy and prestige is;
Repairs to prime minister's official residence could cost $38M 

Shades of the clinton foundation???
Trudeau defends fundraiser with Chinese businessman who later donated $200,000 to father's foundation

In closing;
Been a nationalist doesn't mean one is extreme right wing, sure we should help out, but only if we can afford it, after our own are cared for. To spend on a credit card, as you all know, will eventually reach it's limits, even put one at a point of bankruptcy.
The idea some elitist professional politicians are pushing that increase deficits and debt in a good thing is absolutely idiotic, if anyone understand economics even the slightest.
The cost of hydro alone, because of unproductive green policies is breaking families to a point where they have to choose, between food, medicines, mortgages, education, not to mention the cost in job production because businesses can't afford to hire.
Believe it or not, there is such a thing as clean coal, and technology can make it even more cleaner, making hydro affordable.  High electricity rates goes down the line to food, clothes, health care, housing, employment, transportation, even political instability.

Freedoms and economic prosperity in the third world does not depend on how many of them leave to come west, or how much the west dishes out to them, (which is called national welfare). If one wants freedom and prosperity, one has to fight for it, not escape and leave loved ones behind.
Or is it? I mean the more the west keeps the third world dependent, the more their population emigrates here, producing a cheap labor force? Keeping our own salaries down?

The Trump effect and the rise of center right political parties in Europe has shown that people in the west are sick and tired of been ignored to a point where, what was a promising future, has become a nightmare, economically.
Where one could work to owning a home is now out of reach for most people today, than 50 or 100 years ago. Now we fight just to put a chicken in the pot, all other dreams are just that...dreams.


Note;
The N.C. Chronicle offers information and an opinion. Call it a stepping stone.
The rest is up to you.
We are not the lame stream media, we do not want you to believe blindly, that's called...
Propaganda.
Always take the time to research what we offer.

1 comment:

Anonymous said...

Trudeau did an excellent job of uniting the people.

Now everyone hates him.



outdoors