Canada’s Job Market – Where are the Jobs?


Posted originally on Jul 10, 2024 By Martin Armstrong 

Jobs

Unemployment in Canada ticked up by 0.2% in June to 6.4%, yet the economy lost 1,400 jobs. Around 1.4 million Canadians were looking for work as of June 2024, a 42,000 person increase from May. Overall employment has fallen in eight of the past nine months to 61.1% in June. So where are all the jobs?

Canada’s population surpassed 41 million, marking an all-time high. Canada’s population has surpassed 41 million, but it is not due to new births. Statistics Canada declared that the population rose 0.6% or 242,673 people since last quarter, standing at 41,012.563 as of April 2024. The nation rose by 1.27 from 2022 to 2023 or a 3.2%. . Nearly all population growth (99.3%; 240,955 people) was solely attributed to migrants arriving in Canada.

Trudeau said that immigration was crucial for in-demand labor roles, and his “temporary immigration” laws led to more permanent residents. Jobs once secured by the youth (under 24) rose to 13.5% in June, a ten-year high. Young people are unable to enter the job market as unskilled labor positions have been filled. Statistics Canada has said that the overall workforce is up 588,500 in the past 12 months, but the economy has only added 343,400 positions, and only 165,500 of those positions are full-time.

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Inflation has caused businesses to offshore or reduce their workforces. The Bank of Canada kept rates artificially low for over four years and then shocked the markets with swift raises. BoC Governor Tiff Macklem insists the labor market has simply “cooled,” but Canada is in trouble here.

The cost of living is up, and wages must follow. Wage growth accelerated 5.6% in June from 5.2% in May. There is a sector shift happening as well. Services have declined by 14,1000 jobs, with positions in transportation and warehousing and information, culture and recreation, declining. Agriculture and food services have seen recent  upticks instead.

Long-term unemployment, people without work for over 27 weeks, has risen to 6.4%. Analysts were expecting the job market to grow by 22,500 positions last month but Canada lost 1,400 positions.

There are too many people and not enough jobs or houses to accommodate everyone. The cost of living is simply too high. Many businesses are turning to migrants to fill labor shortages simply due to costs or offshoring roles to companies in nations like India. Students and young adults are unable to even participate in the workforce as those roles have been taken by foreigners who also likely receive aid from the government. A good portion of them are sending those paychecks back home and not recirculating their earnings into the Canadian economy. The entire Canadian economy needs a major overhaul, but this “cooling” in employment is quickly snowballing into an unemployment crisis.

Household Debt in Canada Exceeds 100% of GDP


Posted originally on Jul 10, 2024 By Martin Armstrong 

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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.

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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.

People Flee Illinois – Blue State Exodus


Posted Jul 8, 2024 By Martin Armstrong

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We saw it happen first in California. People could not handle the restrictive policies during the pandemic, which was worsened by the drastic increase in taxes and crime. Americans are fleeing blue states in droves – precisely why we cannot forecast real estate as whole for the United Stated. Recent data from the Internal Revenue Service (IRS) indicates that Americans want out of Illinois.

Over 87,000 left Illinois last year, as did the $10 billion they were providing the state in income. The IRS believes the state has lost $47.5 billion in adjusted gross income over the last six years due to the blue state exodus. This trend has only accelerated due to recent policies. “We’re not bringing in the best and the brightest in many cases to the state of Illinois; we’re actually pushing them out of the state with horrible policies and we’re back filling it with folks that want services,” State Sen. Andrew Chesney, R-Freeport reported, as 177,000 new incomers entered the state while 264,000 abandoned it during the same period of 2021 to 2022.

We are witnessing a changing dynamic among blue states. The smart money has already fled where possible. Corporations are fleeing as well, moving to states that are business-friendly. The crime in Illinois continues to multiply although prosecutions are declining. Who would want to live in such a place other than those receiving government aid who are already part of the problem? I sympathize with those who are rooted in blue states be it for family or business.

You have an incoming number of people on handouts and the tax money fleeing. State budgets will not be able to maintain this imbalance. I reported how crime in Chicago alone rose 82% in a two-year period. They have successfully defunded the police and created a haven for criminals. When we held our seminar in London there was a giant advertisement telling Londoners to visit the Windy City of Chicago. Why on Earth would tourism dollars go to a city that resemble a third world nation?

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Experiments for 15-minute cities and the Great Reset will first happen in soon to be abandoned cities like Chicago. Chicago has already attempted to implement state-run grocery stores because theft was so rampant that businesses could not remain open and profitable. The crime is spilling over into the suburbs. The politicians and lawmakers believe that successful individuals should subsidize the lives of those who chose not to participate in society.

We are witnessing a further divide in America. Senator Chesney was not wrong when he said that socialistic policies are attracting the wrong people to blue states like Illinois. The taxpayers are fleeing, and those on handouts are coming in, aiding in the explosion of state budgets. This is precisely why California issued an exit tax to ensure anyone fleeing is still on the hook to fund the failing state. In contrast, red states are experiencing a growing population and its real estate market is rising. The blue states are soon to experience a buyer’s market, which may not be the case in many red states. Looking at Illinois, 31,600 people who fled in 2022 went to Florida, bringing with them $4.1 billion. We are seeing what happens when politics divides the people, state laws hold more importance than federal ones, and it becomes a tale of two nations.

BIG PICTURE


Posted originally on the CTH on July 7, 2024 | Sundance

Someone noted last year that after my research trip my tone changed. Perhaps becoming a little more deliberate, perhaps becoming a little more stern. It is an accurate sense, and there is a very good reason for this. I will explain.

I have noted several times in the past few years that the nature of our relationship with government seems to have shifted. Specifically, We The People now appear to be in an abusive relationship with government. In all abusive relationships there is a common set of behaviors; the DC control system is following a familiar pattern. My recent research trips helped me to understand exactly how severe and deep this shift has become.

Certain abusers distort reality in the mind of their victims through gaslighting. Essentially manipulative and strategic lying, to make the abused think something, perhaps even their reality, is completely different. Our government institutions and those who control the information flow into media have been doing exactly that. The examples are numerous, but the deliberateness began to take a severe tone with the COVID-19 fiats.

In my opinion, it was our willingness to buy into the false frameworks surrounding the COVID-19 hysteria, that really opened the eyes of possibility in the mind of powerful people within our government. We accepted too much; we allowed too much; we willingly accepted an almost totalitarian state in response.

The rules themselves were ridiculous.

The mask nonsense, the social distancing, business closures, lockdowns, “essential vs nonessential jobs”, roped off products in certain areas of stores as if the virus couldn’t travel or the types of purchases determined risk; people were arrested on paddleboards in the ocean by themselves, closed parks outside and the police watching; standing in a restaurant was dangerous, but sitting at a table was not; etc. etc.

All of it was madness, yet we complied.

It was almost like a test, to see how much the control of information could influence behavior – and bad actors within our government were paying attention to how easy it was to manipulate action, diminish liberty and control the behavior of free people.

Granted, in other countries it was worse; yet still, in the USA where our DNA is forged in the fire of being suspicious of government, three-quarters of the population took an untested experimental, gene modifying “vaccine.” In hindsight, it is stunning to consider.

Fast forward to my recent research trip(s).  What I discovered outside the USA, is that we are being lied to.

The Russian sanctions are not sanctioning Russia or impeding their economic growth – not even close. Instead, the sanctions have built walls around the USA financial system, not to keep Russians out – but to keep Americans locked in. I have given details about this previously, and I will not repeat here.

Then, if you take the expanding surveillance state and the expansion of DHS authority under the guise of “national security,” adding in the extreme control system now in place through the public-private partnership with social media, you really begin to see the architecture of a massive information control system. Making the reality all the bleaker, no voice in Washington DC is genuinely pushing back and publicly calling out the surveillance state.

Our elected representatives are not representing our interests; instead, they are codependent enablers, willfully blind to the overall system of expanded government control. The abuser is stronger, the victim is weaker (less free), and every element is now in place to block the victim, us, from realizing the scale of their abuse.

Making the issue more alarming, is the seemingly unstoppable censorship and control enterprise that is blocking people from networking, communicating and sharing their current status. This was the primary reason I began the protected “Slowly at First” (SAF) discussion threads. So people could just talk about the reality in their region, and we could all compare notes.

Something very dark is assembling deep inside our nation, and yet we are seemingly distracted from noticing it. The reality of motive behind the U.S. sanctions against Russia, as identified by my fact-finding mission that was not easy to accomplish, really made me reconsider the nature of the control around us.

What I realize now, is that agencies within our federal government are building a matrix of walls to lock us into a severely controlled system.  We are being isolated, and we do not see it.

We can debate (and I have) while hiding behind the benefits of “tactical civics” all day long. But what we are really debating and accepting is the size of our cell or cell block.  Yes, locally you can and should fight for liberty – locally.  However, do not blind yourself to the reality of the outcome; in essence, we are creating 15-minute cities.  Is that really freedom?

Within the federal system under construct, information is being controlled. The online systems of sharing contrary information are being changed, modified and ultimately blocked. Our expenditures and costs of living are being used as weapons for control via monetary policy. Our systems of independent ownership and self-determination are being dismantled. Our ability to engage in commerce is being increasingly subject to approvals.  Some of those approvals are self-generated. Our finance system is being changed to a more controlling central bank, and perhaps a digital currency.

We The People are being isolated, just like a victim of toxic abuse would be isolated. There are walls and barriers being built all around us, even around our nation, and if the government were to take full control over digital communication and internet services (the path we are on), it’s unlikely we would even know the scale of our captivity.

So yeah, my tone is changing.

After my visit to Eastern Europe and the currently forbidden region, both of them, I now see the limits on freedom that exist here at home. Each of the datapoints, each of the stories, articles, research reviews and detailed documented instances of bad behavior from our federal government now takes on a different context.

As I detailed every moment and filled our research library with citation after citation over the past dozen years, I knew the trajectory was bad. I knew it was really bad – really bad. Yet, I had no idea how severe and bad the abuse had become until I stood in the forbidden world and realized everything I was told about it, was a lie.

Remember, I wasn’t there at the invitation of anyone. I wasn’t there with a handler, minder or escort. No one from the forbidden world even knew I was there. I was there as a free and independent person, a sovereign citizen who hacked his way through the jungle with a rusty machete to get there.

When I left the forbidden world, came back through eastern Europe through Istanbul and ultimately back into the west, I spent hours in careful contemplation trying to reconcile the motive for the false information and yet simultaneously put a mental scale together to evaluate the scope of the U.S. propaganda effort.

The only thing that makes any of it make sense, is to accept the datapoints that clearly show the walls being built around us – to isolate us.

I never really understood how people could accept the formation of communism around them.

Now I do.

I see it happening, and that is making me very angry.

I have also spent hours on my knees, deliberately asking our loving God – the one source of purest truth – to guide and help me.

I am shouting now.  We must stop our isolation.

Marxists in Disarray Ahead of 2025


Marxists in Disarray Ahead of 2025

Posted originally on Jul 5, 2024 By Martin Armstrong 

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The left is cannibalizing itself across the Western world. Pride month parades for LGBTQ community members have been repeatedly disrupted by pro-Palestinian protestors. The two causes certainly do not align, but the people who compose each seem to be confused when crossing their social justice causes. Over the weekend, a Pride Toronto event was canceled at the last minute due to pro-Palestinian protestors. Event organizers were forced to cancel the event due to public safety.

Again, this exact scenario has happened in big cities across the US, Canada, and Europe in recent weeks. I’ve explained at length why the Free Palestine movement is not a woke cause despite the confusion among protestors. What’s interesting about the Toronto Pride event is that “Queers for Palestine” protestors were part of problem as they were responsible for blocking part of the road. Any non-socialist supporting group would be arrested for committing a hate crime if they blocked off a Pride parade, but the left is in utter disarray as there are simply too many social justice causes to support and flags to wave.

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The far-left has lost control and there is no leader at the helm. Maxime Bernier, former Conservative MP and Cabinet Minister and Peoples Party of Canada founder, consistently comes under fire for “far-right” ideals. Recently, he suggested that people should return to the nation that has their loyalty. “Residents of Canada who feel more attached and loyal to another country should pack up and move to that other country. We don’t need you here,” he posted on X. He has been labeled a xenophobic racist for stating a fact.

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The collective left fails to understand that they could not protest or march for either cause outside of the West that they so desperately hate. All recent polls in Canada state that mass migration is a massive problem. What’s worse is that the people migrating from countries with an utterly foreign code of conduct are unable to integrate into society. Why should nations be forced to change their ideals? Anyone can do as they see fit, so long as they are not harming the public. Yet we are seeing a mass uptick in terrorism, anti-[insert open border nation here] protests, and crimes against women and young girls. This is happening throughout the West but those in charge are failing to address it because it does not fit the refugees welcome, open border narrative.

People are now fleeing nations like Canada and Europe because it has become too reminiscent of the places they once fled. Marxism always leads to a failed economy, and that is the root issue driving these woke and white-led pro-Palestinian protests, as the people believe that capitalism is preventing unearned equality. Marxism will end for it includes everything that seeks to manipulate for the benefit of the so-called people that is really now government workers at the expense of the private sector. However, the living standards of the people in general have declined, not because of the “rich”, but because of the growing unproductive sector we call government.

1913 2025 224 year Cycles

Our computer warns that 2025 will be the turning point in Marxism. We are less than a year away from a major cultural shift at the midpoint of the 224-year cycle.

Liberals Fall Out of Favor


Posted originally on Jun 28, 2024 By Martin Armstrong 

The Liberals of Canada have fallen out of favor, as evidenced by party’s defeat in the special election. Toronto – St. Paul’s had been filled by Liberals since 1993, but has been overtaken by Conservatives. We see this trend happening throughout the world as the politics have shifted so far left that the people have been swayed like a pendulum to the opposite side.

Angus Reid released a poll earlier in the week to ask Canadian’s who they’d like to replace Prime Minister Dictator Justin Trudeau. There was not enough support for any replacement to indicate that the Liberals could win, with Conservatives overpowering the Liberal Party by a 21-point gap. “Canadians are more likely than not to say rumoured successors such as Finance Minister Chrystia Freeland, former Bank of Canada governor Mark Carney, Public Safety Minister Dominic LeBlanc and President of the Treasury Board Anita Anand would drive them away from the party,” the Angus Reid poll found.

Bad news for the Liberal Party as they were positioning Freeland, a fellow World Economic Forum zealot, to be Trudeau’s successor.

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The poll asked undecided voters why they were hesitant to support the Liberal Party and it comes down to results. About 31% said they simply do not want Justin Trudeau to lead, with another 29% citing government spending as their main issue. Simply wait until the impact of the capital gains taxes are felt, which I believe will cause far more people to flee the Liberal Party and never look back.

Two out of five (37%) voters are leaning toward the Liberal Party, but almost half (48%) of those voters say the current administration has not made any meaningful issues on any matter that they find important such as housing, price stability, or health care. What could the Liberals do within the next year to solve these issues? Trudeau has certainly had enough time to address these issues, but instead, he has only exacerbated them.

Yet, 60% of Canadians said they are not fully locked into one party over another. More Conservatives (65%) said they will vote for their party regardless, with only 38% of Liberals feeling the same and 30% of New Democrats.

Overall, 60% of voters cited the cost of living and runaway inflation as their top concerns. This is the same concern for people throughout the West, be it in Canada, the United States, or anywhere in the EU. The talking heads can tell us our economies are well and good all they want but the people see their quality of life declining as a direct result of government policies. We listen when our governments announce endless aid packages to foreign nations with no concern for their countries. The people are simply exhausted by the current world leaders and are seeking a change. Will the establishment under the thumb of globalists permit the people to vote for a new authority? The months ahead shall be interesting.

Warner Brothers & CNN Disaster


Posted originally on Jun 27, 2024 By Martin Armstrong |

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QUESTION: Mr. Armstrong, Socrates has been so bearish on CNN’s owner, Warner Brothers, and the dabate is so rigged that other networks are even up in arms over CNN’s rules. We sold down all our institutional holdings in Warner Brothers, thanks to Socrates. Do you think this stock will collapse due to this debate that looks as corrupt as the New York courts?

Anonymous

ANSWER: The problem with Warner Brothers is it appears to be not just fully on board with the WOKE agenda that is reflected in its price decline, but its CEO and president, David Zaslav, may be part of this coincidence with those in the White House who are also Jewish with heritage back to Ukraine who claim their families were persecuted by the Russians for being Jewish at the start of the Russian Revolution in 1905. Even Wikipedia states: “His family was part of the diaspora from Poland and Ukraine.” 

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This raises some questions about whether Zaslav has been using Warner Brothers for personal biases against Russia and, thus, Trump. CNN’s anchor hosting this debate compared Trump to Hitler. If anyone did that to Biden, it would be in the headlines everywhere. We cannot say what Zaslav’s motivations have been one way or the other. However, his management of Warner Brothers does not appear to be in the best interest of shareholders. A CEO should be impartial, like a judge. Personal views do not belong in the boardroom or on the Nightly News. That is what OpEds are for – not anchors.

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The major support lies at $5.10, and an annual closing below that for 2024 will be devastating. It is interesting that we have a Panic Cycle this month, living up with the CNN debate, but then again in January. Institutional investors have been dumping Warner Brothers big time. The CNN rules and restrictions they put on other networks are trying to create a monopoly on the debate, and rejecting any criticism of CNN staff is more like Pravda of Communist Russia days. It will be a hit job to interfere in the 2024 elections because Warner Brothers is so far left their stock is collapsing amid a great bull market. Why ANYONE would own anything of this company is just amazing. I guess they just hate Trump and see this as paying for his destruction rather than an investment.

Epshteyn: Historic Week Of Ruling’s From Trump’s SCOTUS


Posted originally on Rumble By Bannons War Room on: June 26, 2024 at 08:30 pm EST

Pro-Palestinian Protests Permitted in Blue States


Posted originally on Jun 26, 2024 By Martin Armstrong

Pro-Palestinian protestors have been wreaking havoc in US cities for a cause they do not properly understand. Manhattan District Attorney Alvin Bragg has proved to the nation that his idea of justice equates to demonizing and prosecuting his political opponents while turning an eye to real crimes committed in favor of left-leaning policies.

After illegally camping on the grounds of Columbia University for weeks, over 40 protestors broke into the university and barricaded themselves inside. In the process, they kidnapped several staff members who were forbidden to leave the building that they sealed with zip ties, chairs, tables, and any barricades they could find. The protestors removed security cameras in the building. Students were unable to attend their own graduation ceremony. Columbia President Minouche Shafik called the incident “a violent act that put our students at risk.” Although the police arrested 44 people, Bragg has decided not to prosecute the majority of those responsible.

Yet, Bragg has been relentless in prosecuting former President Donald Trump for non-violent perceived offenses that he had to fabricate in order to create a case. Senator Ted Cruz spoke out against Bragg, noting that Democrats across the US are turning a blind eye to the crimes of pro-Palestinian crooks. “The Democrats you elected and put in charge, they support the radicals and they refuse to prosecute them. You know what, you do that in Texas, you do that in Florida, you do that in Georgia, you do that in Alabama, you will be arrested and you will be prosecuted. There is a consequence if you elect Republicans who actually believe in prosecuting criminals,” Cruz added.

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College campuses have turned into circuses, overtaken by protests that turn into riots. Where have we seen this before? Precisely the last election cycle where the Democrats kneeled before statues of George Floyd and permitted the Black Lives Matter gangs to burn down their very own cities. One would hope the rioters do not take the violence to the same extreme as the last election cycle where looting was permitted and the police were utterly unable to act amid calls to defund the police. But it is not looking good as tensions are rising between two groups of thought in this nation.

I would encourage those interested in the truth behind these deliberate acts of civil unrest to read my article on the Cloward-Priven strategy.

The four steps of the Cloward-Piven Strategy:
1. Overload and Break the Welfare System
2. Have Chaos Ensue
3. Take Control in the Chaos
4. Implement Socialism and Communism through Government Force

Those in charge like Bragg have taken matters to step four as they are taking control amid the chaos. They have long allowed the chaos to ensue. Now, they will implement restrictions to “protect” the nation from wrongdoers in our midst. The problem becomes that the prosecutors believe riots in the name of liberal social causes are fair, and gathering of like-minded conservatives pose a threat to national security.

We know that these organized groups have been funded by Democrat-backed super PACs and philanthropists like Soros, who openly speak of meddling in our elections. There is a concerted effort to destabilize the United States ahead of this election. The rule of law has been lost, and half of the country is considered a threat.

Our computers are predicting a major twist come September ahead of the election. Joe Biden simply cannot win fairly and the establishment would never permit Trump back into the Oval Office as he would have most of them arrested and halt plans for the Great Reset. The coming months will be extremely volatile as the left grows increasingly tyrannical.

“Free Palestine” is Not a Woke Movement


Posted Jun 24, 2024 By Martin Armstrong 

Liberals everywhere have been trying to combine Pride month with Islamic causes such as the free Palestine movement. There have been instances across the UK, Canada, the US, and all of the West where pro-LGBTQ protestors have been assaulted when attempting to join Palestinian protests. The woke justice warriors glue themselves to every social cause without understanding the meaning behind it.

The free Palestine movement is NOT a woke social justice cause. There are numerous gays for Palestine groups emerging, which would be like chickens for Chic-fil-A. The social justice warriors could wave the Ukrainian flag and tout anti-Russian rhetoric freely without understanding the root cause of the war. Muslims are attempting to correct the far-left who mistakenly believes they are tolerant or accepting of the gay community.

Homosexuality is not permitted in Islam or the majority of Islamic countries. The offense of loving someone of the same sex is often punishable by death. Earlier in the month, a man attempted to open the country’s first gay club in the same city where Osama bin Laden was allegedly killed. Pakistan punishes homosexuality with a minimum two-year prison sentence that could be extended for a lifetime. This mistaken leftist was not jailed but rather committed to a mental hospital for even proposing such an idea. Clearly, he could not be of the right state of mind.

It is illegal to be gay in Palestine, with a possible punishment of up to 10 years. If Hamas catches you, then you’re dead. The law will look away if someone is murdered for homosexuality. In 2016, Hamas killed one of its own top officials for homosexual activities. Palestine’s woes have absolutely no correlation to the pride movement in the West, where people are permitted to express themselves however they see fit through the protection they have under the laws of the countries they hate.

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It feels as if liberalism, at its extreme, has become a growing mental health epidemic. There is no logic or individual thought present. Far-left liberalism has become a trend of being the most oppressed among society. No one has a clear image of self or identity. They do not even know who they are supporting or why, but they insist you support whatever cause they have taken up for unknown reasons. They insist it is taught at schools to children. All of this is absolutely absurd, and yet no one is permitted to question it without being labeled intolerant.