Josh Sigurdson talks with author and economic analyst John Sneisen about the recent news that taxes will continue to rise in Canada going into 2019 while the Canadian economy approaches complete failure.
From the carbon tax (which is a tax on everything) to the gas tax and medical taxes, we will see a steady rise of theft in 2019.
The average single person in B.C. earning $30,000 a year will pay an extra $85 over last year, while someone earning $60,000 to $90,000 will pay less than $50 more. Despite small cuts in certain areas, over all people will be paying far more than last year. It's interesting that while there are a lot of claims flying around that the government is shrinking in places like British Columbia and Manitoba, the taxes are actually going up.
All the while, the private debt to GDP is continuing to skyrocket and the national debt is climbing to the moon. The housing bubbles in Canada are at their inevitable end and people are becoming more and more important on their parents. Their parents are statistically baby boomers and that statistic of the population are the most important for the economy. So when they go into debt, you see a lot of industries fail.
Even worse than that dependency is the dependency on the banks and government via pension and debts. A populace in debt is a populace in servitude which is exactly where the bankrupt banks and governments want people. It benefits these entities when the populace is poor. Never forget that.
The solutions are simple. Be self sufficient, independent and save your own money outside of the pension system which is in a massive shortfall the likes of which no one has ever seen.
Decentralize everything, be responsible and prepare yourself. It's better to be over prepared than under prepared. Don't forget that all fiat currencies eventually revert to their true value of zero. They always have going back to 1024 AD in China. It's been almost 1,000 years. When will people learn?
Stay tuned as we continue to cover this subject closely!
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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