Bank of Canada Plans to Rape Canadians, Trudeau Plans on Watching?
Canada recently had an election. A new government was swept into power. However the inhabitants of this victim-population are to be forgiven if they haven’t noticed any difference.
Meet the New Boss, same as the Old Boss.
Pete Townsend’s haunting words are ringing loudly in Canada today, as they do across most of the Corrupt West. Canada’s new Prime Minister, Liberal Party leader Justin Trudeau was elected on the basis of a single campaign plank: “helping Ordinary Canadians.”
Canadians had had enough of ten years of Stephen Harper’s gorge-the-Rich, starve-everybody-else policies. As is the case South of the Border, the Middle Class has become an endangered species in Canada, with most of the previous members of that demographic relentlessly demoted to the penury of the Working Poor – glorified slaves.
Permanent unemployment has soared, (real) wages have plummeted, and the percentage of extreme poverty has skyrocketed in North America. During this same period of time China has virtually eliminated poverty. We see the difference between a government which works for the People and governments which obviously work against them.
But Canadians were promised change, much like Americans were promised “change” eight years ago – and then they watched as nothing changed. Déjà vu, in Canada?
Last week, Bank of Canada Governor, Stephen Poloz “hinted” publicly and obviously that he was planning on introducing “negative interest rates” to Canada. Here a little economic context is necessary, for those readers not familiar with the economic dynamics surrounding interest rates.
To being with, even a “0% interest rate” is obvious fraud. It is a sham transaction. In reality, so-called “0% loans” are actually gifts, and are consistently treated as such by our tax authorities. When would you repay a loan for $1 million, at 0% interest? Never.
So-called “negative” interest rates go far beyond the mere sham-transaction of a 0% interest rate. Negative rates are openly criminal, and openly predacious: borrowers (literally) stealing from lenders – and savers.
Source: http://bullionbullscanada.com/index.php/commentary/canadian-commentary/26665-bank-of-canada-plans-to-rape-canadians-trudeau-plans-on-watching
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