Canada is now 149 years old. It is a spin-off nation of the industrial era, a country far down the rabbit hole of modernization. Has “progress” been too much, too fast?
Governments Are Drunk on Spending
- The newly elected Federal Liberal government is running a $30B deficit for 2016, and plans to add $100B in new debt by 2020. There is no plan to return to a balanced budget.
- Oil rich Alberta will be $100B in debt by 2024, or almost $25,000 per person.
- Ontario is $300B in debt. This is over $21,000 per citizen or 40% of it’s economy.
- Quebec’s net debt is 50% its GDP. This is higher than any other province or state in North America.
- The average household in Newfoundland and Labrador will pay $3,000 more in taxes and fees every year now due to past overspending governments.
- Municipal spending in cities across Canada is out of control. In Calgary spending ballooned 80% from 2003 – 2013. In Victoria it jumped 36-fold.
- A public sector employee with 30-years’ seniority gets 65 days of paid leave per year. How can that translate into work efficiency, priority, and leadership?
Public Is Drowning in Debt
- The jump in Canadian household debt from 2007 – 2014 was second in the world only to Greece.
- Nearly half of Albertans live paycheque to paycheque. In BC and Ontario it’s over half.
- Reckless, excessive borrowing and spending is Canada’s national pastime.
Massive Housing Bubble Is Rotting Social Structure
- In the last few years the Metro Vancouver housing market in BC has turned into a total casino. Realty firms are breaking rules, industry oversight is non-existent, and the government doesn’t care.
- Housing costs in Canada are so high few can afford to start families. At the same time, just over one-third of food bank users are children.
- Home owners are stretched so thin nearly 40% are caught short on extra expenses. Most cover by running up credit lines or credit cards, selling off investments, and hitting up family members.
- In BC, ‘Homes are no longer just homes’. They are gambling chips for the world’s wealthy.
- “Beautiful BC” is so completely sold out to corporate and financial interests it is almost impossible to even just camp overnight in a provincial park.
- One in eight Canadians is now working into retirement. This is out of financial necessity. Half of all couples 55 – 64 have no employer pension. About a third have no savings at all.
- Despite this situation, most Canadians over the age of 50 still expect to retire at 63.
Education and Decent Job Prospects Gone
- At nearly US$5,000 per year, post-secondary tuition in Canada is the 5th highest of 23 developed nations. Upon graduating, up to 40% are overqualified for the positions available.
- In Vancouver, the median gross income in 2011 for those with bachelor’s degrees or higher was $42,000.
- Only 24% of Grade 12 students in BC say they are adequately being prepared for career.
Tight Level of Mind-Control
- Except for the CBC, nearly all of Canada’s newspapers, radio stations, and television networks are owned by a small number of corporations. Corporate TV control in Canada is by far the highest in the G8.
Nation An Environmental Failure
- For Earth Day 2016, the Conference Board of Canada gave Canada a “D” in environmental performance. Only the US and Australia ranked worse.
- Due to it’s intense focus on industrial activities, Canada leads the world in the degradation of its pristine, intact forests.
- Canada is the 10th largest producer of carbon dioxide emissions in the world and 8th largest CO2 emitter per capita.
- Canada is the worst country in the developed world for total energy consumption.
- On average Canadians produce twice as much garbage as the Japanese, the country with the lowest waste per capita. Canadians also use twice as much water as residents in other developed economies.
- Canadians throw out about $900 per person of quantifiable food each year. They simply buy more than they need, prepare more than they eat, and dump far too much.
Unhealthy and Unfit
- One in seven Canadian children lives in poverty. This is 15th out of 17 OECD countries.
- According to UNICEF, Canada ranks 17th out of 29 rich countries on child well-being. Canada ranks poorly on child obesity and happiness, and Canadian teens are among the heaviest pot users in the world.
- 60% of Albertans and 50% of Canadians are either overweight or obese.
Nation A Corporate Juggernaut
- Canadian pharmaceutical giant Valeant is being called sleazy and the next Enron.
- The province of Quebec has invested US$1B in Bombardier Inc. Along with high oil and gas sector subsidies, corporate welfare is alive and well in Canada.
- Despite making billions in profit each year, TD, Scotiabank and BMO recently laid off thousands. The TD CEO got a 10% pay raise.
- Telecommunications behemoth Bell eliminated jobs while increasing revenue.
- Postmedia executives pocketed millions in bonuses as the company slashed jobs.
- Canada is the most sued country in the developed world.
- In 2015 Canadian corporations invested nearly $40 billion in the top 10 tax havens. This is on top of the near halving of their federal corporate tax rates since 2000.
No Future But Economic and Social Collapse
- Canada has no gold hedge anymore, after selling off its coffers. It is the only country in the G7 to do so.
- The head of the Bank of Canada has implied that negative interest rates may be coming. By definition this means innovation and free markets have long been dead.
To sum up, the elite are in total control of Canada. Canadians have been easy prey and have effectively been conquered. Greed, materialistic pursuits, and money have essentially consumed and destroyed the country. Legalizing marijuana should make the seemingly rough transition of freedom and prosperity to a powerless and dependent peasant and serf society go smoothly for the elite over the next two decades.