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.

Unemployed

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 

CanadaNationalDebt

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.

CanadaHouseholdDebt

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.

Ep. 3395b -DHS Simulates ‘War Game’ Drought & Blackouts,Trump’s Prediction,[BO] Has Been Flushed Out


Posted originally on Rumble By X 22 Report on: July 6, 2024 at 12:00 pm EST

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?

Chicago 1

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.

Elon Musk Partners with World Economic Forum


Posted Jul 8, 2024 By Martin Armstrong 

MuskESG

I like Elon Musk for his innovative mind and willingness to speak out against the establishment. Is he part of the controlled opposition? I did not believe it to be true until his recent dealing with the World Economic Forum. Musk himself deemed the ESG policies of the WEF to be “satanic” only one year ago, but now, he has appointed a WEF board member to act as CEO of X.

GARM

X (formerly Twitter) is now part of the Global Alliance for Responsible Media (GARM). The World Economic Forum states on its website that GARM will help the 3.8 BILLION internet users to sort through real vs fake news through censorship, taking on the role of judge and juror. “Together, [GARM] is collaborating with publishers and platforms to go more to address harmful and misleading media environments; and to develop and deliver against a concrete set of actions, processes and protocols for protecting brands,” the website notes.

Is this purely business? Ad revenue on X has decreased by half since Elon’s acquisition. X has been accused of allowing hate speech on disinformation to reach its 250 million daily active users. Its userbase has not increased in a meaningful way since Elon’s takeover in November 2022, far undermining Musk’s goal of 600 million daily active users by 2025.

X was one of the last social media platforms that did not censor its articles and it had become the number one social media platform used by world leaders to share messages instantaneously. TikTok now seems to be the final frontier for free speech, but the ban is pending, and many wrongly believe China is using it to collect user data. The globalists have ruined the internet, which was once an incredible medium for connecting people and ideas globally. One of my recent interviews with Palisades radio was removed from YouTube for “disinformation” regarding COVID-19, despite the fact that I was speaking from well-sourced content. The establishment does not want us to share the TRUTH. Free speech has been banned from cyberspace.

The Communists and Socialists Have Won the French Election – The Prime Minister Immediately Resigns


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

We knew it was going to happen this way, that’s why CTH didn’t join in the initial celebration when French President Emmanuel Macron announced the snap election.  France is ground zero in the EU for U.S. interference via the U.S State Dept/CIA operations.  Macron is a tool of the far left, who are controlled by the intelligence apparatchik.

When the first round was over, CTH said, “Macron will instruct his centrist seats, who lost, to organize their votes for the far-left socialists, thereby blocking the National Rally party from gaining a working majority.  Just like the radical leftists in the USA (Democrats), Macron’s followers will do exactly what they are told to do.” {LINK} Well, that’s exactly what happened.

When the Macron coalition started resigning to support the communists, CTH again said, “For this second round of the election, President Emmanuel Macron and Prime Minister Gabriel Attal have organized 210 candidate exits.” … “All of the opposition research files on the Marine Le Pen supported nationalist candidates are being dropped in advance of the Sunday election, in an effort to stop the conservative French from achieving victory.  These are all direct plays from the revolutionary communist playbook.” {LINK} Well, again, that’s exactly what happened.

Now, here’s the results of the second-round vote today.  The coalition of communists and far-left socialists have won.

(VIA AP) – The first projections in the 2024 French legislative election say leftists have won most seats. The surprise projections put President Emmanuel Macron’s centrist alliance in second and the far right in third.

[…] French Prime Minister Gabriel Attal says he will resign.  This comes after projections show a leftist coalition has surged to the lead in legislative elections. Final election results are expected on Monday.

[…] They had just days to come together. The leaders of France’s left-wing parties have acknowledged they made compromises to unite in an effort to keep the far-right National Rally party from taking power in France.

The coalition calls itself the New Popular Front, named after a similar coalition formed in the 1930s against the rise of fascism in France. It includes environmentalist parties, the French Socialists and Communists and the hard-left France Unbowed party. (read more)

As anticipated…. “It really is remarkable to watch the similarities between left-wing politics in the USA and left-wing politics in France.  Historically, and in actual practice, we see this similarity as history rhymes and repeats. In both instances, you will note how the “mainstream” Democrats align with the communists to stop the majority of commonsense patriots.

In the USA, Democrats enjoy the activity of their foot soldiers in Antifa (Occupy Wall Street, Black Lives Matter, or RevCom etc.)  In France, the Democrats (NPF), within Macron’s camp, enjoy the activity of Black Bloc (the EU Antifa socialists and communists).

Now, watch what will happen with the socialists/communists in charge.  This is what those new majorities previously pledged they would do:

(Via Bloomberg) – France’s leftist alliance would raise the top marginal income tax rate to 90% if it were to take over the government following legislative elections that run through July 7.

Eric Coquerel provided the figure in an interview in Cnews television, saying that the New Popular Front’s proposal would pass muster with French courts and wouldn’t be considered confiscatory because it would only have an impact on the highest portion of a taxpayer’s income.

While Coquerel, who presided over the finance committee at the National Assembly before its dissolution on June 9, didn’t specify the level at which the 90% rate would apply, the plan was previously in the program of his far-left France Unbowed party. In a budget amendment proposed in 2019, the top rate would apply on taxable income over €411,683 ($440,213).

The income tax rate in France currently tops out at 45% on income over €177,106. (more)

To stop the commonsense, pragmatic and ordinary patriotic French people from having a voice.  The centrists in the French government have now given the majority of their legislature to the communists and socialists.

Also, as we predicted:

“The Nationalists will act flummoxed, stunned, jaw-agape, just like good little French Republicans.  The French people will wonder what happened just like American conservatives.  Wash – Rinse- Repeat.

Watch.

There are billions at stake.”

Documentary: Unsustainable ‘The U.N. Agenda For World Domination’


Posted Jul 7, 2024 By Martin Armstrong 

The French LEFT Erupts in Violence over Le Pen


Posted 0riginally on Jul 6, 2024 By Martin Armstrong 

French Riots by LEFT 2

The French LEFT is rioting over LePen’s victory in the first round. This is what we should expect in the United States, for regardless of who wins the election, neither side will accept the result. The West is crumbling for politics has become so polarized that civilization is no longer viable. This is what 2032 is all about. It is simply intolerable that one side thinks it is their turn to oppress their opposition. We cannot stand as single nations with such hatred.

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.

Tucker: Adjusted For Inflation, We’ve Lost 13% Of Our Real GDP Over The Last 3 Years


Posted originally on Rumble By Bannons War Room on: July 05, 2024 at 08:00 pm EST