Josh Sigurdson talks with author and economic analyst John Sneisen about the stunning level of spending by the Canadian government as the number breaches $300B pushing up Canada’s debt ratio.
The deficit has been ranked at $19B.
The overall spending by Ottawa hit $332B in Canada allegedly due to new categorization of debt liabilities being labeled as program expenses, but the truth is, the Canadian government loves to spend about as much as they love to tax.
The job numbers don’t look too good either, especially considering that the official job numbers are wrong when you take into account the labor force participation rate where the government hides the true unemployment rate as the LPR falls year after year.
Canadians have become very apathetic to the vast amount of spending and debt and the major issue is most are not prepared.
There are real estate bubbles, pension bubbles, derivatives bubbles and the hidden tax of inflation coupled with hike interest rates, fractional reserve and zero reserve lending and complete centralization of markets.
This is making people very subservient to debt and regardless of how well an individual ensures they don’t personally get into debt, they are paying for debt at a massive scale as such a huge chunk of the Canadian taxpayers’ money goes towards paying off the interest on the debt with no agenda to actually pay off the debt as it continues to flow.
This comes down to an issue of government and banks. It’s as simple as that, but there are solutions. Self sustainability is incredibly important.
- China’s Warning ENTIRE Economy Will Collapse In 34 Days
- Jim Quinn: ‘The average American is getting screwed harder than a monkeypox spreader at a San Francisco orgy’
- Democrat mega-donor Steve Kirsch mic drop on Fox News…
- So, No One is Above the Law…Right? Exception List Enclosed
- It appears that the bear market rally is nearing its end…
- More Nightmarish Pestilences Continue To Erupt All Over The World
- This Is The Real Reason Why They Raided Mar-a-Lago
- The IRS posted then deleted a job ad looking for people willing to make arrests and use deadly force when needed.
- Ultimate Doom! Dec. 13, 2022 Now Called ‘C-DAY’ “BIDEN BUCKS”/ Central Bank Digital Currency: (CBDC) Executive Order 14067
- Who Was Behind the Trump Raid at Mar a Lago
Views: 0