Will Rate Cuts Help Canada?


Posted originally on Sep 5, 2024 By Martin Armstrong 

The Bank of Canada building

The Bank of Canada voted to cut rates by 25 bps to 4.25%, marking the third consecutive rate cut. Inflation has allegedly slowed to 2.5% as of July, and Governor Tiff Macklem said that was reason enough to drop rates to attract investment.

“If inflation continues to ease broadly in line with our July forecast, it is reasonable to expect further cuts in our policy rate,” Governor Tiff Macklem said in a prepared opening statement. Canada’s GDP grew at a faster rate than anticipated during Q2 after growing 2.1% vs the 1.8% forecast. Unemployment remains high at around 6.4%.

The bank acknowledges that these cuts will not impact the housing market. “With the share of CPI components growing above 3% now around its historical norm, there is little evidence of broad-based price pressures. But shelter price inflation is still too high. It remains the biggest contributor to overall inflation, despite some early signs of easing.”

Will these rate cuts cause any major changes in Canada’s economy? Absolutely not. In 2016 under the Liberal government, the total private debt of the Canadian public exceeded the total national GDP for the first time in history after reaching 100.7%. Canada’s national debt spiked to $1.501 billion USD in March of 2024, a $1.423.3 billion USD increase from March 2023. Gross debt was 117.2% of GDP in 2021, above pre-pandemic levels at 105.6^ in 2019. Half of Canada’s debt comes from the federal government while the other half is from provinces and local governments who have been given the green light to continue spending.

CanadaHouseholdDebt

Canada is deeply indebted and now ranks the third-highest nation in terms of household debt in the worldI reported in July how household debt exceeded 100% of GDP with no signs of slowing under the Trudeau Administration that recklessly spends with no end in sight. 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.

The population of Canada has exploded to the highest level in history thanks to open border policies. Canada, like all the other Build Back Better nations, has the funds to support every foreign interest and war while placing their citizens last. Rate cuts can do absolutely nothing when the government is borrowing against future generations.

Trudeau: Let Them Eat Donuts


Posted originally onSep 5, 2024 By Martin Armstrong   

I commend the restraint displayed by this Canadian citizen. Failed Canadian Prime Minister Justin Trudeau attempted to campaign to workers in Ontario who were utterly underwhelmed by his presence. Trudeau praised the 25% tariffs he placed on Chinese steel. “So that’s going to help me keep my job?” the citizen remarked.

No, tariffs NEVER work and the tariff on steel has only led China to retaliate. Trudeau’s Administration believes China’s “intentional, state-directed policy of overcapacity” is undermining Canada’s ability to compete and they plan to slap a 25% tariff on steel and aluminum from China, as well as a 100% tariff on EVs. China is the third-largest supplier of steel to Canada and Trudeau believes these tariffs “level the playing field for Canadian workers.”

China claims that this “will damage trade and economic cooperation” and “violated the WTO rules.” Over a million Canadians are actively seeking jobs and unemployment remains high. The central bank may have cut rates citing lowering inflation, but Canadian families certainly are not seeing their costs lowered. Canadians are struggling to find housing or to maintain the costs of their current homes. Demand far outweighs supply and the newcomers from foreign nations have tipped the scales.

Trudeau brushes off the comment from the citizen who is outraged that he pays 40% in taxes and lives the same life as his unemployed neighbor. This is how the world works under socialistic policies where equality voids hard work from the equation and does not amount to a better life. Canadians are watching their tax dollars being redistributed to those on social welfare programs. Billions are sent to Ukraine despite Canada having ZERO involvement in the Russia-Ukraine war. Healthcare and basic necessities have become luxuries under Justin Trudeau.

The people who created the problem cannot solve it. Canadians have watched their economy decline under Trudeau, not to mention a complete alteration of their society due to a rapid change in demographics. “I think you are only here for another year, we won’t see you around in another year,” said the steel plant employee told Justin Trudeau.

Trudeau continues to show no empathy toward the average Canadian. “He’s got the donuts! Excellent!” Trudeau said to end the conversation. Sorry that you cannot afford housing or to see a doctor despite giving the government nearly half of your paycheck. Let them eat donuts.

“Her Mother Would’ve Slapped Her Around If She Came Home From School And Talked Like That”


Posted originally on Rumble By Bannons War Room on: Sep 3, 2024 at 07:00 pm EST

Hungary Fined for Limiting Asylum Seekers – Is it Time to Break Up with the EU?


Posted originally on Sep 4, 2024 By Martin Armstrong

 

The European Union has fined Hungary for failing to accept its delegated quota of migrants. Hungary has refused to pay the fine €200 million fine issued by the European Court of Justice (ECJ). Will this be the issue that finally breaks ties between Hungary and the European Union?

Hungary is constantly at odds with the elite in Brussels who wish to impose a one-Europe government over all member states. The EU has taken over trade, currency, and domestic law for each member. In June, the ECJ found the nation guilty of “unprecedented and exceptionally serious breach of EU law” for limiting the number of asylum seekers. “That conduct constitutes a serious threat to the unity of EU law, which has an extraordinarily serious impact both on private interests, particularly the interests of asylum seekers, and on the public interest,” the judges said.

HungaryBillboard.EU_.Soros_.VonLeyden

“It seems that illegal migrants are more important to the Brussels bureaucrats than their own European citizens,” Prime Minister Viktor Orbán stated. None of Orban’s policies align with Brussels and the EU has been actively ostracizing Hungary for its independent positions.

The fee has already been claimed as the European Commission plans to deduct the 200 million euros from Hungary’s portion of the European Union budget. Worsening relations, the ECJ is considering placing a 1 million euro DAILY fine on the member nation for ignoring the ruling, in addition to the 200 million it has already claimed.

The European Union is actively destroying Hungary’s economy. The EU has repeatedly sided with Ukraine over the ongoing oil dispute. Orban has been the target of unwarranted hate since he met with both Xi Jinping and Vladimir Putin to hold peace talks. EU diplomats and foreign affair officials boycotted  Hungary’s rotation to hold summits and discuss its ideas for the bloc. They claim each state is a member but they are willing to completely ignore and silence member states who do not blindly comply with Brussels.

Orban does not want to fund Ukraine or involve itself in the war against Russia – strike one. “My job is to convince them to shift from the pro-war policy to a pro peace policy,” Orban said. “They believe that they can destroy the military [of the] Russians … but I don’t believe this at all, because I know the Russians, I know the Soviet Union, I know the Ukrainians. I’m belonging to a neighboring country. I know the whole context. It’s impossible to find a solution on the battlefield, we will lose every day thousands of innocent people,” Orban told CNBC, also adding that “human life is the most precious thing we can lose,” citing the thousands who have already died in this endless war.

In addition to this, there are trade tensions between Ukraine and Hungary. Hungary and Slovakia are exempt from the EU ban on Russian crude oil. These landlocked neighbors are to receive oil through the Druzhba pipeline, but Ukraine has prevented these nations from receiving shipments. Lukoil may be the main supplier using this line, but Russneft, Tatneft, and Gazprom also utilize this line, leading Ukraine to intervene. Hungary is blocking aid to Ukraine as a result, but Brussels has repeatedly told Hungary it is in the wrong.

There is no European Union. There is a European authority within the pretend union that controls all members. The United Kingdom was wise to leave the EU when they had the opportunity, as this power-hungry bloc WILL become more tyrannical as the European economy turns down, war turns up, and member states begin to question the entire alliance. One must ask who actually benefits from the European Union’s regulations and absence of protections.

Average Americans With Maxed Out Credit Cards Can Settle With Companies For Pennies On The Dollar


Posted originally on Rumble By Bannons War Room on: Sep 2, 2024 at 07:00 pm EST

Kinsey: Tax Network USA Serves As A Buffer Between You And IRS To Protect Your Rights


Posted originally on Rumble By Bannons War Room on: Sep 2, 2024 at 07:00 pm EST

Voters OK with Kamala’s Vague Policies


Posted originally on Sep 3, 2024 By Martin Armstrong 

Democrat voters are largely OK that Kamala Harris is only offering vague versions of her policies. How will Kamala Harris fix the disaster that she helped to create? It turns out that the details do not matter to her voter base, as over 70% of former Biden supporters admit they are utterly clueless about her policies.

Media Research Center surveyed spoke to 1,200 registered Independents and Democrats who also voted for Joe Biden in the 2020 US Presidential Election. When asked about Kamala Harris’s record as vice president, an alarming 71% to 86% said they had not heard of her positions or were unsure. All that matters to them is that she is not Donald Trump.

The same group was asked if they were aware that Harris helped to fund the 2020 Black Lives Matter riots AND helped to bail those rioters out of jail. About 78% said they were unaware that it happened. Seventy-five percent said they had no idea that Harris was considered “the most liberal U.S. senator” from a 2019 poll.

How does her voter base feel about the migrant crisis? Well, 74% were utterly uninformed that Harris tried to push to decriminalize illegally entering America. Harris refuses to acknowledge that she was appointed Border Czar, and her voters are content with her denial as 72% did not know Harris  “never visited a conflict zone on the border as Border Czar.”

To be fair, Kamala Harris has not been asked to hold a press conference. Reporters do not ask her even mildly difficult questions and she has refused to debate Donald Trump. Kamala Harris was selected, not elected. It is a tragedy that some Americans refuse to acknowledge the reason the cost of living has skyrocketed, millions of migrants have entered our nation, and our military is now involved in two new wars. These voters are simply fueled by their hatred of Donald Trump or their obligation to vote on party lines because their father voted Democrat as did his father.

Remember, they claimed 81 million people voted for Joe Biden, shattering all previous records in US presidential history. Yet, these same people have absolutely no idea what is going on in Washington, which is probably why they remain loyal to the party that has begun the demise of America.

Left-Wing German Coalition Government Stunned by Nationalist Wins in Eastern Germany


Posted originally on the CTH on September 2, 2024 | Sundance 

We have often said the American people are in an abusive relationship with our government; meaning the priorities and important policies of the majority of Americans (specifically immigration, economic nationalism, Ukraine spending, and the core elements that have created the Trump/RFK Jr coalition), are not represented in the legislative outcomes of a UniParty congress.

In essence, the USA government, both parties, are deaf to the voices of American citizens.  This is stunningly visible around the issue of congress using U.S taxpayer funds to support the Ukraine government and the Ukraine budget.

However, this is not just an American problem.  We can see the same disconnect in Canada, Australia, the U.K. and parts of the EU including France and more recently, Germany.

In the Eastern German elections held Sunday, the AfD party (Alternate for Deutschland) won resounding victories.  Essentially, the center-left party and the UniParty coalition, was disregarded. The election was won by pragmatic nationalists on the key issues of immigration, the economy and Ukraine policy.

(Wall Street Journal) […] Projections by public broadcaster ZDF showed the AfD getting around 33.4% of the votes in Thuringia and 31.4% in Saxony, with Scholz’s center-left SPD scoring under 8% in both states, with its two coalition partners trailing it. (more)

In response there is an almost laughable reactive article in Politico, where they push the same favored MSM narrative of “far right, Nazis, surging again just like 1945,” etc. etc. blah, blah, blah.  Laughably, they use language like, “The far-right Alternative for Germany just keeps rising despite efforts to stop it.”…  I mean, seriously; have you ever seen a more perfect encapsulation of the disconnect.

In order for the professional political leftists to continue what they do best, which is to destroy everything, they must pretend not to know things.  In this example the entire media ecosphere pretends not to know that what they are seeing happen in all of these elections is a reaction to globalism being pushed by the governing body, while the citizens are against it.

In the USA you might say, Donald Trump is not the cause of the Republican party problems, he is our direct response to it.   In Germany you can say the rise of the AfD is not the cause of the government problem, it is the citizens response to the problem they have with government.

BERLIN — Germany’s far right is here — and it’s here to stay.

The Alternative for Germany (AfD) on Sunday scored a stunning win in an eastern German state election, amid rising voter discontent at Chancellor Olaf Scholz’s center-left national government.

The AfD’s victory in Thuringia and strong second place in Saxony has prompted a new round of soul searching in Berlin, a year out from national elections which could see EU powerhouse Germany tilt to the right.

“Our country cannot and must not get used to this,” Scholz told Reuters after the results came in. “The AfD is damaging Germany. It is weakening the economy, dividing society and ruining our country’s reputation.”

In Thuringia, the AfD — which has been classified as extremist in some German states — gained a clear victory with nearly 33 percent of the vote. In the more populous state of Saxony, the center-right Christian Democratic Union (CDU) eked out a victory with around 32 percent of the vote, with the AfD trailing close behind.

[…] Germany’s mainstream leaders have made a concerted effort to stop the rise of the AfD by warning voters of the party’s growing extremism, with some leaders even calling it a Nazi party.

State-level domestic intelligence authorities have classified the local branches of the party in both Saxony and Thuringia as extremist organizations aiming to undermine German democracy. Earlier this year, Saskia Esken, the co-chief of the center-left Social Democratic Party (SPD), came out in favor of discussing a ban of the AfD — if only, as she put it, to “shake voters” out of their complacency. (read more)

You can just as easily replace “German far-right” with the USA version of “MAGA Republicans” and get the exact same scenario.

Both the AfD in Germany and the MAGA movement in the USA labeled as “domestic extremists” simply for wanting controls of immigration policy, sensible energy policy and a stopping of the insufferable war effort in Ukraine.

Apparently, the German government is shocked, SHOCKED, and didn’t see this coming.   Yet, again, western media play along and pretend not to know things….

Dr. Saad Explains the Danger a President Kamala Would Bring to America


Posted originally on Rumble By Charlie Kirk show on: Aug 31, 2024 at 8:00 pm EST

Will EyebrowGate Break Kamala Harris?


Posted originally on Rumble By Charlie Kirk show on: Aug 31, 2024 at 8:00 pm EST