Posted originally on Jul 11, 2024 By Martin Armstrong
Inefficient politicians consistently cite additional taxation as the solution to their nation’s economic troubles. The housing crisis in Canada is has spread to every province. Instead of addressing availability, the disproportionate demand brought on by multiplying the nation with migrants, or any of the countless fiscal policies that have contributed to inflation, the Canadian government believes it is the duty of citizens to subsidize their wealth as a temporary solution.
The Trudeau Administration has been trying to paint the housing crisis as a conflict between the social-economic classes. All those greedy citizens who saved for homes are preventing new homeowners from entering the market. Trudeau basically said this when appearing on the podcast Generation Squeeze, an organization that is pushing to add an annual surtax on homes over C$1 million. They believe houses between C$1 million to C$1.5 million, even if a primary residence, should face a 0.2% surtax that would eventually rise to 0.5%. Homes over C$2 million would face a 1% surtax.
What about older Canadians who have been residing in their family homes for decades? They may not necessarily be rich but they purchased when the landscape was different. Trudeau said those who “scrimped and saved” simply fail to understand that the younger generation can no longer do the same due to the economic environment he helped to create.
“GOVERNMENT BUREAUCRATS DON’T BUILD HOMES!” – Conservative Leader Pierre Poilievre
I mentioned in a separate post that 13.5% of young Canadians under 24 cannot find entry-level work. Unemployment is on the rise and young people cannot afford to save what little they have. All Canadians are feeling the constraints of inflation, with household debt rising to over 100% of GDP and the debt service ratio surpassing 15.22%. People are paying for the luxury of even having debt.
This thoughtless plan does not count for the fact that home prices are continuing to rise. C$1 million may sound high, but the average home in British Columbia is around C$965,447, with those in Ontario facing an average price of C$853,915. The average home cost around C$657,145 across all provinces in 2023, but that average was only C$391,820 just 10 years ago. The Canada Mortgage and Housing Corporation (CMHC) believes the average home will reach C$$746,410 by next year.
This is not a tax on the wealthy, though that would not be a solution, rather, this is a tax on hardworking Canadians who are struggling to maintain what they have left. This tax is in addition to the countless other grabs that the government is expecting from homeowners. There are federal initiatives that currently spend billions on new construction, such as the Canada Housing Infrastructure Fund, which spent C$6 billion toward new construction. What’s the point of increasing the supply when you’re increasing the overall population more rapidly? Trudeau did not offer ANY other solution during his interview because he had none to offer.
Posted originally on Jul 10, 2024 By Martin Armstrong
World leaders spend recklessly with no regard for the overall economy. Canadian Prime Minister Justin Trudeau has fallen out of favor for one primary reason – the cost of living is too high. Canada is deeply indebted, and now ranks the third-highest nation in household debt in the world.
Switzerland and Australia are the only nations exceeding Canada’s debt levels. Government debt has SOARED in recent years, now exceeding C$1,139.98. This figure was only C$721.36 billion in 2020 before Trudeau used the pandemic as an excuse to bulk up social programs.
As for household debt, that figure exceeded 100% of GDP by the end of 2023. The debt-to-income ratio reached 178.22% by Q4 2023, but that was the LOWEST on record compared to the past nine quarters. Household debt as a percentage of the overall GDP reached 103.54% in Q4, also slightly down from prior quarters. During the pandemic lockdowns in Q3 of 2022, this figure peaked at 184.52%.
The United States, also in dire conditions, reached 75% of household debt in relation to GDP. This means that Canadian families are deeply in debt and unable to spend or contribute to economic growth.
The housing crisis in Canada is a major contributing factor, with two-third of the total debt going solely to mortgages. No one was prepared for the rise in rates, which went from 0.25% in March 2022 to 5% in July 2023 before slightly dropping to 4.75% last month.
And yet, Trudeau speaks of finding more aid to fund foreign wars and support the millions of migrants that have entered Canada. He speaks of raising taxes and increasing spending through social programs and green initiatives, but nothing meaningful is being done to address Canada’s debt crisis.
Posted Originally on Mar 6, 2024 By Martin Armstrong
Canadian Prime Minister Justin Trudeau has passed numerous pieces of legislation prohibiting free speech in Canada, yet nothing has been as restrictive as Bill C-367, an amendment to the Criminal Code that will prohibit Canadians from expressing “an opinion based on a belief in a religious text. If passed, people can be arrested for quoting the Bible on Canadian soil.
Proponents are cloaking this attack on religion under the premise that it will curtail antisemitism. Yet, months ago, Justin Trudeau stood with Zelensky and the Canadian Parliament, celebrating a known Nazi war criminal, and even giving him a standing ovation.
3) No person shall be convicted of an offence under subsection (2) (a) if he establishes that the statements communicated were true; (b) if, in good faith, the person expressed or attempted to establish by an argument an opinion on a religious subject or an opinion based on a belief in a religious text; (c) if the statements were relevant to any subject of public interest, the discussion of which was for the public benefit, and if on reasonable grounds he believed them to be true; or (d) if, in good faith, he intended to point out, for the purpose of removal, matters producing or tending to produce feelings of hatred toward an identifiable group in Canada.
Defences — subsection (2.1)
(3.1) No person shall be convicted of an offence under subsection (2.1) (a) if they establish that the statements communicated were true; (b) if, in good faith, they expressed or attempted to establish by an argument an opinion on a religious subject or an opinion based on a belief in a religious text; (c) if the statements were relevant to any subject of public interest, the discussion of which was for the public benefit, and if on reasonable grounds they believed them to be true; or (d) if, in good faith, they intended to point out, for the purpose of removal, matters producing or tending to produce feelings of antisemitism toward Jews.
This is an outright attack on religion. There are countless examples throughout history from every area of the globe where religious prosecution led to heinous massacres. Outright bans on religion start off small, removing a provision or two, until the government deems entire groups of people a danger to society.
I discussed the case of Pastor Artur Pawlowski who was arrested for speaking out against the Canadian government, in particular their COVID era restrictions on medical autonomy. Pawlowski was charged with criminal mischief for preaching from the Bible to the Trucker Convoy. He did not commit a violent offense nor did he say anything “hateful,” but the words from the Bible are now deemed as offensive similar to how the government is labeling words like “mother” or “father” unacceptable.
Religion demands that followers believe in a higher power greater than the almighty government. Statistics Canada reported that only68% of Canadians identify as religious, with a notable decrease among the Christian community in particular. The same organization believes that non-Christian religious affiliation will double by 2036. An Angus Reid survey from April 2022 showed that religious tolerance in Canada is at an all-time low, with 22% of respondents saying all religion is harmful to society.
This legislation will prohibit Christians, Muslims, and others from freely expressing their opinions. They speak of banning antisemitism, but the law will also target Jews. Anyone expressing an opinion “relevant to any subject of public interest” based on a religious text will be considered a criminal, a danger to the new world order. For example, if someone says they are against MAID, child transgenderism, abortion, or anything that is not deemed acceptable by the Abrahamic religions, they will be accused of promoting hate speech and prosecuted for their religious beliefs.
Karl Marx deemed religion the “opium of the masses” that was intended to give false hope to the impoverished who should fill their hearts with hatred and entitlement. “The abolition of religion as the illusory happiness of the people is required for their real happiness. The demand to give up the illusion about its condition is the demand to give up a condition which needs illusions,” Marx continued.
What is happening in Canada will spread throughout the Build Back Better nations under the direction of the World Economic Forum. This is happening precisely on target with our model’s forecasts.
It is rather stunning how we come to major religious events every 309.6 years. This appears to be a change in beliefs that does not necessarily suggest complete changes in religions but rather moving away from the belief in a higher power. Often, these are shifts that become more fundamentalist in their beliefs or a turn toward liberalism. There are two primary cycles. First, we can look at the cycle of change in religion, which seems to follow the 309.6-year cycle, which is, of course, the 8.6-year frequency. The second is to look at the derivative of the 8.6-year, which produces a target for a major collapse in religion, which is underway at this time, by 2033.
Posted originally on Feb 22, 2024 By Martin Armstrong
Statistics Canada reported that inflation slowed in January to 2.9%, beating expectations of 3.3%. So why are Canadians still struggling to afford basic necessities like rent and food?
Mortgage interest costs remain the top noted driver of inflation after rising 27.4% YoY, while rentals increased 7.9% during the same period. Bank of Canada governor Tiff Macklem explained that the central bank cannot fix the housing crisis through cuts. “Housing affordability is a significant problem in Canada but not one that can be fixed by raising or lowering interest rates,” he noted at the beginning of February. The Bank of Canada has voted to raise interest rates 10 times since March 2022, with little to no impact on inflation.
The central bank cannot manage supply and demand. Rentals.ca noted that rentals have been rising by C$373 per month since COVID restrictions and lockdowns decimated the global economy. Demand far outweighs supply, and Canada Mortgage and Housing Corp. noted that vacancies are at their lowest level since they began reviewing the data in 1988.
Trudeau’s government only cares about the rising debt-to-GDP ratio, and analysts cling to their failed theories of Keynesian economics. What percentage of interest costs are in that deficit, and what happens when they can no longer sell the debt? These are questions entirely overlooked.
The Canadian dollar is simply worth less than it was before the COVID lockdowns, and the Canadian dollar’s decline is contributing to the rising cost of imports.
The Bank of Canada has the same issue with its central bank as many other nations – the government will not stop spending. Total government spending for the 2023 fiscal year through the end of March 2024 is estimated to be C$488.7 billion.
Yet, the Trudeau Administration announced this week that they will be spending another C$300+ million on ammunition for Ukraine as Canada, like all other NATO nations, has been prioritizing spending on foreign wars while ignoring its growing deficit.
Canada’s deficit is expected to hit C$38.4 billion in 2024/25 and C$38.3 billion in 2025/26. Who is the largest buyer of Canadian debt? Foreign investors from the United States who purchased around $13.1 billion of Canadian debt securities. Canada saw a high in foreign share acquisitions in December 2023 to the tune of C$29.4 billion, with non-US foreign share investment reaching C$6.3 billion.
Investors are mainly seeking instruments denominated in USD that are issued by Canadian banks. Now, Canada must make investment opportunities more lucrative for the US buyer compared to domestic investments. Hence, the BoC is moving in line with the Federal Reserve, but both are utterly helpless as they cannot control fiscal policies.
Look at history to see what happens when a nation unarms its citizens. Prime Minister Justin Trudeau has taken a strong stance in favor of disarming Canadians as his regime becomes increasingly tyrannical. His administration has introduced several measures aimed at tightening gun laws to reduce any government opposition. Trudeau implemented a ban and mandatory buyback of over 1,500 models of assault-style firearms, including AR-15 rifles, in addition to placing a nationwide freeze on handgun sales and transfers. But who is committing the crimes?
Statistics Canada released a report entitled, “Firearms and Violent Crime in Canada, 2022,” which found that ILLEGAL gun owners commit the majority of gun-related homicides. Out of 113 homicides involving a gun, only 24 deaths were committed by legal gun owners. Out of 49 homicides involving illegally obtained firearms, 36 were unregistered and not legally owned at the time of the crime. There were only 8 cases involving firearms stolen from legal gun owners, but 5 of those 8 guns were purchased illegally from legal owners.
Canadian Coalition for Firearm Rights CEO Rod Giltaca stated that he believes the Liberal government, NDP, and Bloc Quebecois have been targeting law-abiding citizens deliberately. “This coalition government has bragged endlessly about their implementation of “the most significant in gun control in a generation”. Not only are more Canadians left terrorized, dead, and injured than in the last 30 years, but they’ve dealt more damage to gun clubs and the law-abiding firearms community than any government in the history of our country.”
Canada has not confiscated guns yet and cannot find a vendor to implement the buyback program. It has been four years since Trudeau announced the program, but no one has put it in motion. Trudeau has seen the increasing rebellion of Canadians and knows that many will not willingly abandon their rights.
Compiling all the data, only 13% of homicides were committed by licensed gun owners (16 of 119 deaths). The Trudeau Administration is clearly targeting legal gun owners as they know that law-abiding citizens are not the problem. These measures embolden criminals as they will find a way to obtain firearms on the black market regardless of legal restrictions. A push for gun control is a push for increased government control over a population that will be helpless and unable to defend themselves.
Posted originally on Feb 7, 2024 By Martin Armstrong
Canada is delaying the expansion of its MAID (Medical Aid in Dying)program as they cannot find enough doctors willing to kill people who do not have terminal illnesses. Over 13,500 Canadians were legally euthanized in 2022 under MAID. State-sanctioned suicides rose significantly from 2021 (10,064) to 2022, and Health Canada expects the number to skyrocket once the program is expanded. In fact, 4.1% of all deaths in Canada during 2022 were through the MAID program. Suicide is now encouraged by the Canadian health system as they aim to normalize the option for non-terminal ailments.
“Will we evolve into a culture of death as the preferred option for those who suffer from mental illness or will we choose life?” Conservative MP Ed Fast questioned. The expansion scheduled for March 17, 2024, has been temporarily halted as they cannot find enough doctors willing to abandon their Hippocratic oath and become executioners rather than treatment providers. The initial program was aimed at those who were suffering a slow and painful inevitable death, or so it seemed.
(The above chart shows the number of people who changed their minds during the 10-day waiting period)
Pierre Elliot Trudeau, Justin Trudeau’s dad, supported eugenics and population “cleansing.” The Pierre Elliott Trudeau Foundation provided the initial foundation for the practice by highlighting the scientific achievement of genome sequencing and combining it with the potential for “reducing the burden of disease on themselves and on society as a whole.”
The program was always meant to be a form of eugenics, cleansing the undesirable from the world. Rather than focusing merely on race or disability, the program encourages anyone untaxable to die. Too depressed or poor to work? A lethal injection is the Liberal government’s proposed solution. It did not take long for lawmakers to write bills expanding the criteria for MAID. Poverty, for example, is reason enough for a state-sanctioned execution as people are deemed “too poor to live with dignity.” A disturbing poll from 2023 found that one-third of Canadians supported eliminating the homeless populationunder MAID.
The Trudeau Administration wants to expand this program to include children as well. The same poll found that 24% of Canadians believe that parents should be allowed to kill their terminally ill children without punishment. MAID has been continually expanded to kill off the undesirables, or the “useless eaters,” as Hitler called them.
Canada’s Special Joint Committee recommended that children should have the ability to enter the MAID program without parental consent. They call these children “mature minors,” and state that children may choose death if there is “reasonably foreseeable” death OR have a “mental disorder is the sole underlying medical condition.” Parents are currently losing custody of their children for not permitting them to transition to a different gender. We may see the day when parents lose their children to a sinister health system that has become a serious threat to society as a whole.
MAID teams have infiltrated hospitals and medical facilities and are encouraging people to choose death. There are countless reports of people being harassed by MAID teams in their darkest hour, repeatedly being asked and encouraged to die. These people are being paid by the government to sell the idea of suicide. It is hard even to consider this method “suicide,” as extremely vulnerable people are being coerced into legal execution.
Posted originally on the CTH on January 25, 2024 | Sundance
Justin from Canada is oh not too happy with Tucker Carlson for traveling to Calgary (rebellious audience 4,000) and then stadium show for 8,000 rebels in Edmonton. Apparently, Justin does not like it when Tucker comes to Canada. WATCH:
Posted originally on the CTH on January 24, 2024 | Sundance
Justin from Canada and Finance Minister Chrystia Freeland, used the invocation of the Canadian Emergency Powers Act to seize Truckers’ and their supporters bank accounts, block mortgages, eliminate loans and credit cards, seize personal assets and otherwise use financial mechanisms to target their political opposition.
Yesterday a federal judge in Canada ruled the use of the Emergency Powers Act was unconstitutional.
CANADA – […] On Feb. 14, 2022, the federal government invoked the Emergencies Act for the first time in its history, arguing at the time that the national security risks stemming from the protests justified its use.
The move allowed the federal government to enact wide-sweeping but temporary powers to help officials crack down on protesters’ access to funds, grant the RCMP jurisdiction to enforce local laws, designate critical infrastructure and services, and impose fines and imprisonment on participants who refused to leave the protest zone.
“I have concluded that the decision to issue the Proclamation does not bear the hallmarks of reasonableness – justification, transparency and intelligibility – and was not justified in relation to the relevant factual and legal constraints that were required to be taken into consideration,” stated Federal Court Justice Richard Mosley.
Mosley added that “there can be only one reasonable interpretation” of the Emergencies Act and CSIS Act, and that he believes “the legal constraints on the discretion of the GIC to declare a public order emergency were not satisfied.”
Mosley also stated that, factoring for the definition of a “national emergency” under the Act, “there was no national emergency” to justify its use, and that “the decision to do so was therefore unreasonable” and beyond the powers of the law. (read more)
Posted originally on Jan 24, 2024 By Martin Armstrong
Canadian Prime Minister Justin Trudeau has found himself amid yet another scandal for allegedly using his position to accept a luxurious vacation in Jamaica over the Christmas holiday. The House ethics committee has voted to investigate the matter further. Why does this matter? Trudeau has branded himself as the dictator of ethics and expects everyone else to abide by his rules. Rules for thee, but not for me.
Trudeau’s office initially said that he was taking his family on a vacation for the Christmas season, and the PM would be paying for his trip. Then his office changed the story to say that the Trudeau family would be staying with a friend, businessman Peter Green. His family did not simply stay with a relative or crash in a spare room. Instead, they enjoyed a vacation at the Prospect Estate resort in Jamaica, free of charge. It is estimated that his stay at the resort was worth C$84,000.
The trip was essentially gifted to him, therefore breaking Canadian laws that state members of Parliament are not permitted to accept gifts, trips, or kickbacks in any form. Conservative MP Michael Barrettrequested additional documents related to the trip but was denied. “The question is not that the prime minister went somewhere, he accepted an $84,000 gift,” Barrett said, referring to Trudeau’s remarks. “He didn’t sleep on a couch at Uncle Buck’s place.”
(Picture above shows Trudeau partying with his globalist friends amid the COVID lockdowns)
This is not the first time that Trudeau has accepted a gift. In 2016, Trudeau paid a visit to Aga Khan’s private island in the Bahamas where he was comped a C$271,000 vacation. The RCMP found that he was provided C$56,000 on jet ski rentals, accommodations, and meals during his stay. Again, Trudeau accepted a kickback from a person who was lobbying the Canadian government, and there was a clear unethical conflict of interest.
Many see this as a slap in the face, especially considering the median income in Canada is only C$70,000. Trudeau knew there would be no long-term consequences for his actions. He repeatedly skirts away from scandal after scandal. It is time for those in charge to realize the rules they impose on the public apply to everyone. The Canadian government should make it crystal clear to Trudeau that he is NOT above the law.
Posted originally on Dec 19, 2023 By Martin Armstrong
Will Canada’s Prime Minister, Justin Trudeau, step down from his position? Seven in 10 Canadians think that Justin Trudeau should resign as the leader of the Liberal Party and Prime Minister of Canada in 2024, according to a survey by Ipsos. However, a majority of six in 10 Canadians do not believe he will actually step down. This indicates a significant discrepancy between the public’s opinion on Trudeau’s resignation and their expectations of his actions. Additionally, a growing proportion of Canadians, over seven in 10, now think it is time for the Liberals to elect a new leader to lead them into the next election.
Only 59% of respondents actually believe there will be an election in 2024. Trudeau brokered a deal with the New Democratic Party whereby the Liberals may remain in power until 2025. The problem is that Trudeau has sold out Canada to the World Economic Forum’s Build Back Better agenda. Klaus Schwab continually praises Trudeau for being one of his Young Leaders and every piece of legislation passed under Trudeau has aligned with the plans for the Great Reset.
So who would replace Trudeau in the Liberal Party? Deputy Prime Minister Chrystia Freeland said she is “absolutely supporting” Justin Trudeau in the next election and will “definitely” run for Canada’s top office after Trudeau’s reign. Deputy Prime Minister Chrystia Freelandis a member of the World Economic Forum’s Board of Trustees. Canadians should expect nothing to change if they elect her to power.
Before she was brought under Schwab’s wing, she wrote a book in 2012 entitled: “Plutocrats: The Rise of the New Global Super Rich and the Fall of Everyone Else.” The plutocrats are the globalists elites who control the masses. “Some farsighted plutocrats try to use their money not merely to buy public office for themselves but to redirect the reigning ideology of a nation, a region or even the world,” Freeland wrote. Now she stands on the stage at Davos and conspires with the other plutocrats, and has quickly moved up in the ranks to become a sitting board member. She knew of the power this group had long before she was invited to be in the club.
Schwab has promised these politicians dictatorial powers and the end of all democratic processes. Schwab is pushing the design of Europe upon the rest of the world, whereby the head of state NEVER stands for election. This is precisely how the European Commission operates, as it makes all laws but permits the people to vote for an MP who has no power to make or overrule laws crafted by the European Commission. Canadians should be appalled that a separate entity is controlling their politicians and OPENLY BRAGGING about infiltrating cabinets globally.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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