Armstrong Economics Blog
Re-Posted Apr 25, 2016 by Martin Armstrong
Part of the Pension Crisis we face thanks to negative interest rates destroying pension funds, then we have a temping pot of money government just cannot keep its hands out of. Governments are turning to “asset recycling” which includes even Canada. The federal government of Canada, for example, is looking at a potential source of cash they can rob to reduce the cost of government by shifting Canada’s mounting infrastructure costs to the private sector. They want to sell or lease stakes in major public assets such as highways, rail lines, and ports. In Canada, they sneaked in a line hidden in last month’s federal budget which reveals the Liberals are considering making public assets available to non-government investors, like public pension funds. They will sell the national infrastructure to pension funds robbing them of the cash they have to fund themselves. This latest trick is being called “asset recycling,” which is a system designed to raise money for governments. This idea is surfacing in Europe as well as the United States especially among strapped cash States.
This is the other side of 2015.75 which was the peak in government (socialism). Everything from that point forward is a confirmation that these people are in crisis mode. They are rapidly destroying Western Culture because they are simply crazy and they people who vote for them blindly are out of their minds. They are destroying the very fabric of society for they cannot see what they are doing nor where this all leads. Once the wipe out the security of the future, this is how government crumble to dust to be swept away by history. We deserve what we blindly vote for.

