
“…I should end this brief appreciation of genius leadership by noting it has inspired other countries. Just today Ukraine has declared a 30-day state of emergency. This is the same length as ours, but in Ukraine’s situation it comes with a lesser threat. Just a massing of Russian soldiers on the border threatening armed invasion. It’s not like some insidious workers are parking their trucks and setting up bouncy castles. Now that’s an emergency!”
…Rex Murphy, National Post, 02/25
Professional protesting in Canada became a big industry pretty much when Trudeau came to power. Over the last 6 years there have been numerous protests. Many involved blocking roads, the railways, and work sites. Some were for social concerns. Axe wielding environmental extremists destroyed a pipeline camp during the Ottawa protests. Many protestors have ended up in court but face no consequences when they disobey court orders. This is a signal to all professional protesters that they will have a free reign to stop the actions of businesses and in some cases governments.
Some of those scary truckers lost their trucks, had their bank accounts frozen, put in jail, and threatened to never be able to have a passport again. While it must have been annoying for the residences of the wealthy and autocrats in their downtown Ottawa neighbourhood, it is to be expected now and then in the capital city of any country. Not according to Trudeau though, unless it is about climate change.
The Ottawa protest was big news around the world. The President of El Salvador was recorded laughing at Canada for how Trudeau handled it. This was true for many major broadcasters from other countries. So many world leaders wonder what is wrong with us. Especially since we have the potential to be one of the planet’s wealthiest countries because of our resources.
Whenever a leader decides to bend the rules to fit their needs like Trudeau does again and again, democracy becomes at risk and a decline in the standard of living followed. Canada today is on the slippery slope of losing its democracy. We must change our attitude and get responsible people running the country. Justin is so out-of-touch with the real world it is mind boggling and scary.
Today the immediate threat to Canada is if Justin decides to prorogue Parliament again. He has said he wants to be PM for life. He believes he is the smartest person in the land when he is an expert on nothing. If he does pull this gimmick again and no one stops him, Canada will be in deep trouble. You think the Convoy to Ottawa was bad, the proroguing of Parliament will bring out violent protests from coast to coast and military use will not be ruled out. Without all rules of law being followed the same way, democracy will disappear. Canada desperately needs new people who truly care for our country.
Because of both political risks and higher interest rates, we feel deflation will occur by late spring and those with debt will feel severe financial pain. Consumer spending for the last half of 2022 will be weak because of this. Deflation will first appear in the real estate market because interest rates are rising and there is way too much investment in the market. Crypto’s have already started to collapse. Bitcoin alone has lost over $1t in value over the past 3 months and it is believed the rest of the crypto market has lost another $1.5t. Plus, how many investors have already been wiped out? This means less money available for consumer spending and investment.
With the price of oil soaring and interest rates beginning to climb, we must suggest you raise your cash weighting to 40% from 30%. Both will delay the global economy from recovery by a few months.
