Is Canada in a Recession?

Of the approximately $614B that Canada owes in national debt, $130B has been added by the Harper regime. That’s more than 20 % of the overall total since Confederation, in just the last few years! The Harper government has brought in deficit budgets for 7 years in a row, but in this election year, they’ve brought in a balanced budget, something they managed to do only by depleting their contingency fund, dipping into EI funds and selling off government assets like the government’s interest in General Motors at bargain prices.

http://www.debtclock.ca

When it comes to managing government finances and when it comes to managing the rest of the economy, Mr.Harper has the worst record of any Prime Minister since the Great Depression. Both employment indicators and exports are down, with youth unemployment chronically somewhere in the double digits, and economic growth still hasn’t recovered from the economic crisis of 2008. Yet Federal Finance Minister Joe Oliver most recent claim is it is not their fault, it s the price of oil s fault.

During that same time, Canadian bank and corporate profits have soared to the highest levels ever. Funny thing, that.

Government around the world are using hate speech to control freedom of speech. NSA has been caught spying on Brazil. McCain wants more troops in Afghanistan. Ukraine sets up one billion dollar energy fund to bypass Russia. SouthEast people in Ukraine report Kiev is using chemical weapons. The proxy army for the US continues to take out the infrastructure in Syria to remove Assad. Bill C-51 has just been ruled in Canada, which in essence means that North America is no longer free. TPP (Trans-Pacific Partnership) has wedged its way into reality. Canada Day and Independence day came and went and the FBI, DHS and CIA showed once again ...that there is now outside threat? All while we watch Jade Helm 15 come on-line July 15th to Sept 15th in the USA.

Bloomberg reports that prices of goods are falling in The Netherlands, France, Ireland and the Nordic nations. Switzerland has been giving negative interest rates – in other words, charging bond-buyers and depositors to hold their money for them. (E.g., if you pay $ 100 for a one-year bond, they agree to give you only $ 98 after a year.) This doesn’t mean we’re in inflationary or deflationary times – and in fact we might not see any more evidence one way or the other during "summer break" – but late September through late 2017 will without a doubt bring the evidence.

Which leaves the mystery of whose story it will be? Of who draws the curtain? Who is it that chooses our steps in the dance ? Who drives us mad, lashes us with whips and crowns us victory when we survive the impossible? Who is it that does all these things? Who honours those we love with the very life we live? Who sends monsters to kill us and at the same time sings that we ll never die? Who teaches us whats real and how to laugh at lies? Who decides why we live and we will die to defend? Who chains us? And who holds the key that can set us free? 

 

It s you.

To understand Debt and its ramifications to a country, a province, a municipality you must become familiar with the IMF and its mandate. Greater information is available for you on this blog in 'Micbery s Journal' to the right on my home page, titled- World Bank and IMF

And as well, above the World Bank and IMF post is a video well worth watching titled - 12-year old reveals Canada s best kept secret .. for which Victoria reveals with passion the immorality of the global banking system.