Canada is about to enter an Economic Crisis

CAPSLOCK BANDIT

Master Don Juan
Joined
Jul 29, 2020
Messages
2,848
Reaction score
2,177
This **** is truly terrifying right now, basically we're adding 3% of our countries population each year in immigrants, yet it's just come to light that our GDP has not moved an inch which is very scary.

When you add this volume of population into the country, you'd expect to see the GDP rise proportionately, but instead what has happened is we have seen no growth at all, stagnation, which actually means our GDP has shrunk significantly behind the veil of this massive population boom.

It is not yet apparent to the common person's because of our GDP not growing, but once it becomes recognized, the ensuing panic is going to be devastating.


The crash is coming, if your in Canada get prepared for a bad bout of "Stagflation" to settle in, which is stagnation and inflation happening at once.
 

EyeBRollin

Master Don Juan
Joined
Oct 18, 2015
Messages
10,836
Reaction score
8,815
Age
35
Yeah, bad trends. A lot of this is caused by bad pandemic fiscal policy. Raising interest rates doesn’t lower inflation because the money supply is NOT the cause of inflation.
 

BillyPilgrim

Master Don Juan
Joined
Apr 9, 2021
Messages
4,634
Reaction score
3,654
You guys have a leadership, not an economic crisis. Tbh you need more people with all of your natural resources.
 

RobbyDog

Don Juan
Joined
Dec 7, 2021
Messages
195
Reaction score
244
Age
41
Hard to raise taxes anymore than they already are
Yet our Liberal government headed by bozo the clown continues to do that in the form of an escalating carbon tax, which is inflationary in itself because fuel prices affect so many sectors of the economy.

Even though Canada accounts for only 2% of global carbon emissions, somehow we Canadians are supposed to shoulder a disproportionate load simply through heating our homes, driving to work, and feeding ourselves, all for a tax that doesn’t even have any effect on carbon levels.

Oh and to add insult to injury, our federal sales tax is calculated ON TOP of the carbon tax. The federal government has reaped millions via this tax upon a tax.

Now, this scheme was sold to Canadians as being “revenue neutral” since every Canadian receives carbon tax rebates. However, even government officials are admitting that the rebates don’t offset the tax. Meanwhile, Bozo jet sets all over the globe while simultaneously tweeting his government will “make big polluters pay.”

If it weren’t for me having young children here I would seriously consider moving abroad.
 
Last edited:

RobbyDog

Don Juan
Joined
Dec 7, 2021
Messages
195
Reaction score
244
Age
41
Yeah, bad trends. A lot of this is caused by bad pandemic fiscal policy. Raising interest rates doesn’t lower inflation because the money supply is NOT the cause of inflation.
Wait, you mean running huge deficits in order to hand out money to people and businesses simply for existing is inflationary?! Who knew??
 

EyeBRollin

Master Don Juan
Joined
Oct 18, 2015
Messages
10,836
Reaction score
8,815
Age
35
Wait, you mean running huge deficits in order to hand out money to people and businesses simply for existing is inflationary?! Who knew??
No. Inflation was caused by supply shortages. What happens to prices when supply dwindles?

Raising interest rates is like throwing gasoline on the fire.
 

CountSuavula

Banned
Joined
Oct 4, 2023
Messages
120
Reaction score
83
It is all a man made disaster. If you ruin and overload enough of the systems that kept everything running smoothly, then the people who orchestrated the disaster can swoop in and rescue the victims they screwed over.

Here is the progression:

Liberalism -> Progressivism -> Socialism -> Marxism -> Communism -> Judaism -> plain old Santanism
 

Stuffnu

Master Don Juan
Joined
Oct 2, 2014
Messages
546
Reaction score
747
Age
41
The scary thing, is our GDP doesn’t consider provincial debt.
Nice sleight of hand and almost $400B in Ontari-owe alone. The most in-debited non-sovereign entity in the world. Future generations be damned.
 

EyeBRollin

Master Don Juan
Joined
Oct 18, 2015
Messages
10,836
Reaction score
8,815
Age
35
The scary thing, is our GDP doesn’t consider provincial debt.
Nice sleight of hand and almost $400B in Ontari-owe alone. The most in-debited non-sovereign entity in the world. Future generations be damned.
Provinces and states can only be “insolvent” if the Federal government for some cynical political reason refuses to fund them.
 

corrector

Master Don Juan
Joined
Oct 12, 2009
Messages
9,175
Reaction score
3,531
We got $ 2K per month CERB during the pandemic, and pretty much the same in other benefits throughout 2021. This was the first time I was introduced into getting money from the government and this helped guide me into becoming a licensed insurance agent to which I'm now gainfully employed. This is partially (maybe 20%) thanks to the leadership of the Liberal government. I don't think I would be an insurance agent today if I never got those benefits. Also, insurance is virtually recession-proof as everyone needs to be insured for something.
 

CountSuavula

Banned
Joined
Oct 4, 2023
Messages
120
Reaction score
83
We got $ 2K per month CERB during the pandemic, and pretty much the same in other benefits throughout 2021. This was the first time I was introduced into getting money from the government and this helped guide me into becoming a licensed insurance agent to which I'm now gainfully employed. This is partially (maybe 20%) thanks to the leadership of the Liberal government. I don't think I would be an insurance agent today if I never got those benefits. Also, insurance is virtually recession-proof as everyone needs to be insured for something.
Is being an insurance agent boring?
Are you selling health insurance?
Is it mostly working from home?
 

corrector

Master Don Juan
Joined
Oct 12, 2009
Messages
9,175
Reaction score
3,531
Is being an insurance agent boring?
Are you selling health insurance?
Is it mostly working from home?
I wouldn't say that it's boring, it's probably more exciting then a "pure cubical desk job" because you don't know where the next sale is coming from. However, you do have to be in a seated position for long periods of time, and you have to be ready to take calls even if you feel tired, or not in the mood to want to talk to anyone, so it could be rather forced. If you make a sale, then you do get a dophamine hit and ego-boost with each sale made and there is the uncertainty of not knowing if it's going to be a call where you are presenting something, or a null call (ie answering machine, someone is not available, or no decision made but it's kept on the dialing list).

The focus right now is Critical Illness insurance, however, we also sell Accidental Death and Critical Injury insurance products.

I'm working 100% from the office. However, the commute is a nice train ride to and from the location with very short walking distance between the train station and the office, and it's a short car ride from my home to the local train station. The train runs often and provides reliable service and gets me downtown in a matter of minutes.
 

Toddy

Don Juan
Joined
Aug 7, 2022
Messages
66
Reaction score
34
I’m in the UK and constantly seeing pop up ads ‘come work in Canada’.
 

BoomToTheMoonAlice

Senior Don Juan
Joined
Sep 22, 2023
Messages
469
Reaction score
262
No problem, get a Dic-k-ee Dee bike and pour in a sh1t ton of Chana Masala. Ride around Bramledesh singing Jai Ho. When you've got Coolie #1 and the 3 idiots riding on top, kick the bike over Niagara Falls. Problem Solved.

 
Last edited:

Pierce Manhammer

Moderator
Joined
Jun 2, 2021
Messages
4,963
Reaction score
6,023
Location
PRC
Gotta love a country with a national chain called The Beer Store. I love you hosers. Hope ya make it.


Eh!
 

BillyPilgrim

Master Don Juan
Joined
Apr 9, 2021
Messages
4,634
Reaction score
3,654
Gotta love a country with a national chain called The Beer Store. I love you hosers. Hope ya make it.


Eh!
I'm sure you do, they're generally an obedient people.
 

Pierce Manhammer

Moderator
Joined
Jun 2, 2021
Messages
4,963
Reaction score
6,023
Location
PRC
Not sure why me being in the medicine somehow supports the narrative that I give a rat's arse if you're vaccinated against Covid or not. I truly do not. I think its in people's best interest to be, but that does not mean I encourage people to take the Covd vaccines, as I've mentioned before I practice emergent medicine, and as such am not in a position to take a stance pro/con with patients.

If one used your own logic, wouldn't it be better if (as a money grubbing medical practitioner) more people needed advanced medical care after being infected with the latest variant?

I'm sure you do, they're generally an obedient people.
 

BoomToTheMoonAlice

Senior Don Juan
Joined
Sep 22, 2023
Messages
469
Reaction score
262
Not sure why me being in the medicine somehow supports the narrative that I give a rat's arse if you're vaccinated against Covid or not. I truly do not. I think its in people's best interest to be, but that does not mean I encourage people to take the Covd vaccines, as I've mentioned before I practice emergent medicine, and as such am not in a position to take a stance pro/con with patients.

If one used your own logic, wouldn't it be better if (as a money grubbing medical practitioner) more people needed advanced medical care after being infected with the latest variant?
Oh no you pissed off the Nova Nerd, Billy. Better put on some scrubs and blend in with the other tax vampires.
 
Top