Connect with us

Opinion

INTEREST RATE SHOCK

Published

2 minute read

Interest Rate Shock

Open Letter to The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance

January 4, 2021

FOR IMMEDIATE RELEASE

Red Deer – Mountain View, AB

The economic collapse as a result of COVID-19 lockdown measures has pushed the real interest rate to record lows. This rate however, is very misleading given our current economic environment.

  1. Baby boomers are retiring and are reducing the pool of available investable funds.
  2. Reduced number of people in the workforce will result in higher wage demands.
  3. Inevitable higher taxes required to repay significant debt brought on by lockdowns.
  4. High likelihood of reduced outsourcing in order to protect domestic supply chains.
  5. An economic plan that focuses on “green” incentives and destroys Canada’s oil and gas industry.
  6. Inflated housing prices across Canada despite a poor economic outlook.
  7. High consumer debt levels pre-COVID-19.
  8. Long running Bank of Canada policy which encourages consumption over investment.

Your government has indicated that it is considering adding an additional $100 billion in stimulus spending once the “virus is under control”. As the Canadian economy is already flooded with record government spending, the potential for inflation is very real.

Considering the above, the return of high interest rates, as seen in the 1980’s, is entirely possible. While we may not see record high mortgage rates of 21.46% as posted in August 1981, even small increases in rates could result in significant interest rate shock for many Canadians.

Increases in inflation and interest rates would impact low-income families most adversely. Most notably, these individuals may struggle to pay for food, shelter and healthcare, all of which are basic necessities.

COVID-19 has already resulted in the biggest transfer of wealth in human history. I am strongly urging you to end the pursuit of a “green economy” and commit to a drastic reduction in red tape to allow the private sector to begin generating wealth, something the government is only able to redistribute.

Sincerely,

Jared Pilon

Candidate for Red Deer – Mountain View, AB

[email protected]

https://www.jaredpilon.com/

I have recently made the decision to seek nomination as a candidate in the federal electoral district of Red Deer - Mountain View. As a Chartered Professional Accountant (CPA), I directly see the negative impacts of government policy on business owners and most notably, their families. This has never been more evident than in 2020. Through a common sense focus and a passion for bringing people together on common ground, I will work to help bring prosperity to the riding of Red Deer – Mountain View and Canada. I am hoping to be able to share my election campaign with your viewers/readers. Feel free to touch base with me at the email listed below or at jaredpilon.com. Thanks.

Follow Author

More from this author
Opinion / 3 years ago

Leave our Kids Alone

Federal Election 2021 / 4 years ago

Vote Splitting

Health

Selective reporting on measles outbreaks is a globalist smear campaign against Trump administration.

Published on

From LifeSiteNews

By Robert Malone M.D.

Ontario has a larger outbreak than Texas. European cases dwarf the Texas outbreak. But the World Health Organization has launched a travel advisory for the United States.

In the currently ongoing outbreak, there have been about 572 measles cases in Ontario, Canada. This is a significantly larger outbreak than the currently hyped one in Texas, which has about 422 cases. The mainstream media has almost completely ignored the Ontario outbreak – their reporting has only focused on the Texas outbreak.

Ontario’s top public health official, Dr. Kieran Moore, does not recommend mandatory vaccination and says the standard public health measures to limit the spread are working. This is a very reasonable response, yet when Sec. Kennedy says something similar; he is viciously attacked.

It is evident by the mainstream media response to the Ontario outbreak versus the Texas outbreak that this is yet another example of the liberal media/pharma machine harassing Kennedy and President Trump.

However, this reporting has an even more sinister aspect – as the media appears to have taken their lead from the World Health Organization.

The World Health Organization has launched a travel advisory for the United States. See the screenshots below (the first screenshot is from an AI summarizer at BRAVE and the second one is from the WHO website):

But what about Canada’s outbreak? Why isn’t Canada mentioned in the travel advisory? Was it an oversight? Did the WHO release a travel advisory just for Canada?

In fact, the AI summarizer at BRAVE is clear that the WHO doesn’t put out travel advisories for individual countries, like Canada… The new normal is that the WHO puts out special advisories only for the United States <insert sarcasm>.

And in fact, a search on the WHO website yields not a single mention of the measles outbreak in Canada.

In fact, the WHO places the 422 measles cases in the United States on par with the earthquake in Myanmar, which may have killed up to 10,000 people, all told.

But somehow the 572 cases of measles in Canada don’t deserve a mention.

But wait – the story gets even more bizarre.

The European Region, which includes central Asia, continues to have a significantly high number of measles cases.

The WHO European Region has a population of approximately 745 million people, and had about 127,350 measles cases last year, or 1 in 5,850 people.

Yet – crickets from mainstream media on this factoid.

Why the outcry over 422 measles in Texas?

Here are some ideas:

  • To reduce support for RFK Jr., Trump, and MAHA by the American people.
  • To scare parents into vaccinating.
  • To increase the money going to public health for vaccine stockpiling.
  • To support the liberal left in their obsessive hatred of anything MAHA.
  • Because the WHO put out a travel advisory.

In the meantime, the WHO has announced that, despite budgetary cuts, they have a $2.5 billion gap for 2025-2027. WHO Director General Tedros correctly blamed Trump for the deficit. However, what Tedros gets wrong is that this deficit is a well-deserved consequence of years of corruption at the WHO leading to this outcome.

This is how it is done, folks.

This is called retaliation by the World Health Organization against the Trump administration.

Another wrap-up smear in action. The deep state and the globalists are pulling out all the stops to attack Trump and Kennedy via “trumped-up” WHO travel advisories and emergency reports that are then reported on breathlessly and uncritically by mainstream media. The propaganda machine continues unabated.

Reprinted with permission from Robert Malone.

Continue Reading

Automotive

Auto giant shuts down foreign plants as Trump moves to protect U.S. industry

Published on

MXM logo  MxM News

Quick Hit:

Stellantis is pausing vehicle production at two North American facilities—one in Canada and another in Mexico—following President Donald Trump’s announcement of 25% tariffs on foreign-made cars. The move marks one of the first corporate responses to the administration’s push to bring back American manufacturing.

Key Details:

  • In an email to workers Thursday, Stellantis North America chief Antonio Filosa directly tied the production pause to the new tariffs, writing that the company is “continuing to assess the medium- and long-term effects” but is “temporarily pausing production” at select assembly plants outside the U.S.

  • Production at the Windsor Assembly Plant in Ontario will be paused for two weeks, while the Toluca Assembly Plant in Mexico will be offline for the entire month of April.

  • These plants produce the Chrysler Pacifica minivan, the new Dodge Charger Daytona EV, the Jeep Compass SUV, and the Jeep Wagoneer S EV.

Diving Deeper:

On Wednesday afternoon in the White House Rose Garden, President Trump announced sweeping new tariffs aimed at revitalizing America’s auto manufacturing industry. The 25% tariffs on all imported cars are part of a broader “reciprocal tariffs” strategy, which Trump described as ending decades of globalist trade policies that hollowed out U.S. industry.

Just a day later, Stellantis became the first major automaker to act on the new policy, halting production at two of its international plants. According to an internal email obtained by CNBC, Stellantis North American COO Antonio Filosa said the company is “taking immediate actions” to respond to the tariff policy while continuing to evaluate the broader impact.

“These actions will impact some employees at several of our U.S. powertrain and stamping facilities that support those operations,” Filosa wrote.

The Windsor, Ontario plant, which builds the Chrysler Pacifica and the newly introduced Dodge Charger Daytona EV, will shut down for two weeks. The Toluca facility in Mexico, responsible for the Jeep Compass and Jeep Wagoneer S EV, will suspend operations for the entire month of April.

The move comes as Stellantis continues to face scrutiny for its reliance on low-wage labor in foreign markets. As reported by Breitbart News, the company has spent years shifting production and engineering jobs to countries like Brazil, India, Morocco, and Mexico—often at the expense of American workers. Last year alone, Stellantis cut around 400 U.S.-based engineering positions while ramping up operations overseas.

Meanwhile, General Motors appears to be responding differently. According to Reuters, GM told employees in a webcast Thursday that it will increase production of light-duty trucks at its Fort Wayne, Indiana plant—where it builds the Chevrolet Silverado and GMC Sierra. These models are also assembled in Mexico and Canada, but GM’s decision suggests a shift in production to the U.S. could be underway in light of the tariffs.

As Trump’s trade reset takes effect, more automakers are expected to recalibrate their production strategies—potentially signaling a long-awaited shift away from offshoring and toward rebuilding American industry.

Continue Reading

Trending

X