Inflation, recession, depression – these are all terms that strike fear in the hearts of many, signaling economic turmoil and uncertainty. And in Canada, it seems that these fears are becoming reality as a mass exodus of people is starting to take place.
Inflation is the rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of a currency. In Canada, inflation has been on the rise, with prices increasing at a faster rate than wages. This means that Canadians are feeling the pinch in their wallets as they struggle to afford basic necessities like groceries and housing.
As inflation continues to rise, the economy may enter into a recession, which is a period of declining economic activity. A recession typically leads to higher unemployment rates, lower consumer spending, and decreased business investment. This can further exacerbate the economic woes facing Canadians, leading to a downward spiral of financial distress.
In severe cases, a recession can turn into a depression, which is a prolonged and severe economic downturn. While Canada has not yet entered into a depression, the current economic challenges facing the country are cause for concern.
The combination of inflation, recession, and the looming threat of a depression has led to a mass exodus of people leaving Canada. Many Canadians are seeking refuge in other countries where the cost of living is lower and job opportunities are more abundant. This brain drain is not only damaging to the Canadian economy, but it is also causing a loss of talent and skills that are vital for the country’s growth and development.
It is imperative that the Canadian government takes swift and decisive action to address the economic challenges facing the country. This may involve implementing policies to combat inflation, stimulate economic growth, and create opportunities for Canadians to thrive. By taking proactive measures, Canada can prevent a full-blown economic crisis and stem the tide of people leaving the country in search of greener pastures.
In conclusion, the specter of inflation, recession, and depression is looming large over Canada, leading to a mass exodus of people seeking a better life elsewhere. It is time for Canadians to come together and work towards building a stronger and more resilient economy that can weather the storm of economic uncertainty.
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This is the live stream from Feb 24th. Edited all the pauses out and made YouTube friendly
The video mentioned in this stream : https://youtu.be/OsNmZnklYDs
About rate cuts:
1. The US Fed dictates all Western Anglo Alliance nations' rates. Local banks and governments have no say in this since 2008. Just look to J. Powell. Everyone else is a "press secretary" and a total BS agent.
2. Central banks, but the only one that matters, the US Fed have only 2 tools: a) rate changes b) "forward guidance", which is a bluff or telegraph to affect the market by simply talking about changing rates.
The US Fed bluffs do not require timelines, or even that they stick to what they have said…it is merely using words to influence the market as they see fit. If talk of cuts moves the needle for them, than talk was enough. If talk moves the needle too much, they back track and could even move rates in the opposite direction.