Josh Sigurdson talks with author and economic analyst John Sneisen about the absurdity of the latest desperate request by the Ontario government to volunteer their tax rebate to help pay off the province’s debt. This as Moody’s warns of the absolute unsustainable level of debt plaguing Ontario.
Of course, Kathleen Wynne is pushing big government to the next level. Complete centralization, total poverty all while giving everyone “free stuff”. It’s the same old problem, reaction, solution, repeat (Hegelian Dialectic) policy. The so-called solutions literally cause the problem in the first place. The Ontario government of course is unwilling to admit this, but as the debt reaches completely unthinkable and unsustainable levels, on top of the vast number of taxes people in Ontario pay, they are being asked to volunteer their tax rebate to help pay off the debt. Good luck with that. We’ve seen this before in Norway where the government asked people to volunteer taxes (in one of the most heavily taxed countries in the world) only to accumulate a meager $1,325!
Go figure, people being extorted into poverty and debt don’t want to pay off the province’s crazy spending voluntarily. This doesn’t take a rocket scientist.
This all comes down to central banking and government as per usual. Out of this world printing and fractional reserve lending, this was only bound to happen.
All fiat currencies eventually revert to their true value of zero. They always have, they always will going back to 1024AD in China.
History will repeat itself again. The fundamentals are off the table due to the level of manipulation in the monetary system as well as in the markets, so we do not know when the crash will happen down to the day, week, month or even year. We just know it has to happen and for that reason people should be educated and prepared.
People should always be prepared for the worst anyways. The government has taught us to be weak, subservient and dependent. We must do the opposite.