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Economy

The wall of death for western economies

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20 minute read

From the Frontier Centre for Public Policy

By Elizabeth Nickson

This is an easy fix – you just have to demand it

When I drove 20,000 miles through rural America a few years back, I was struck by the dilapidated nature of, well, just about everything. The towns were rundown, there were thousands of abandoned farms and ranches and family houses.Ā  Sidewalks broken, every other shop was abandoned. Fields ran untended, forests filled with brush and fire ladders, hangers-on in trailers with a junkyard dog and rifle racks on trucks. Hunting was a necessity, not a sport.

In sharp contrast I grew up in a country village of 500 surrounded by tidy productive prosperous farms, and we were a going concern with stone and brick buildings, and beautifulĀ craftedĀ family houses, lawns and weirs, a village pond with ducks, mature trees.Ā  Some estates, but not vulgar monstrosities like today. Everyone adult chipped in. It was vivid, active, close-connected, multi-generational and I never wanted to leave.

What the hell happened?

I didnā€™t fully understand until a hydrologist in Denver, retired from a career at the Department of Interior, told me at lunch in an Olive Garden, that in the mid-70ā€™s, the blanket instructions coming down from DC switched from enabling business and development to preventing it. He, in his retirement, had a small ranch and on his wells, four meters from four different federal and state bureaucracies, indicating just how closely he was being surveilled. Over the years, regulations had come down so thick and punitive, near everyone operated in a catch-22 situation. You might hurdle one set of regs, only to discover that your success meant another set of regs cancelled you. It was so irrational it was fiendish, I thought to myself. Now of course, I see it as actually fiendish, the work of evil. The government was deliberately ruining peoplesā€™ lives, drawing them down, impoverishing them, with malice.

The only prosperity to be seen was in the rather splendid buildings of the Army Corps of Engineers, and the palatial ā€œfarmhousesā€ owned by what I came to recognize as government farmers, the ones who had lobbied hard and got all the subsidies. Oh yes, and ethanol plants, one of the first green scams. They ate money.

Last week I was in the provincial capital near me, picking up something in Oak Bay Village, ultra-posh in a villagy Englishy way, half-timbered buildings, human-scaled, friendly. And found it to be in the same state, everything covered in a wash of grey, empty shops, abandoned stores, people shriveled and tired. I used to take my mother shopping there, and since she died, hadnā€™t had the heart to go back. Therefore I was disturbed, even shocked at the change. If the prettiest street in the prettiest city in Canada, visited by millions of tourists a year was dyingā€¦.Iā€™m sorry, Leading Indicator.

If the prettiest street in the prettiest city in Canada, visited by millions of tourists a year was dyingā€¦.Iā€™m sorry, Leading Indicator.

In fact, in Canada, even the food banks are running out of food. Bodies are piling up in mortuaries because people canā€™t afford to bury their dead. Chronically injured soldiers are offered Medically Assisted Dying in lieu of treatment. MAID has saved the ā€œfreeā€ health system $90 million in end-of-life care, since it began. So we have to expect more of that.

A recent report showed the MAID drugs mean you drown to death, but are paralyzed so canā€™t communicate your distress. That means you can drown for 45 minutes before you actually dieĀ  ā€“ autopsies have proved it. That is how careless our health bureaucracy is. I cannot watch another single mother weeping on TikTok because she cannot feed her children and is always sick. Another once athletic mountain climber sit in a wheelchair detailing her story of neurological pain so intense after vaccine, her husband had to sit with her so she wouldnā€™t kill herself. Every bureaucracy is killing us.

The U.S. still has the healthiest economy in the world. The thirteen other less rich countries are in per capita recession, which means GDP per person is shrinking: Canada, France, Germany, UK, Australia. Japan just registered a -2% growth rate, but it is already a zombie economy with families living paycheck to paycheck. Like addicts.

It may be that all I have is a hammer but, to me, this is due to impossible green mandates, the choking of energy supplies, the insane expense of green energy infrastructure which doesnā€™t produce and doesnā€™t ā€œsave moneyā€ and above all regulation that means that every job in a small cap public company labors under $50,000 of government ESG mandates. For every $1 you pay your average employee, you pay the government $1.50. Thatā€™s before taxes. Not that you have any income to tax. Government is literally eating us alive.

The U.S., according to Bloomberg, is facing a Wall of Death. Or Debt. Bloomberg says 42% of small public companies are losing money; not only that they face a $832 billion wall of debt, $600 billion of which comes due at much much higher interest rates in the next two years.

Letā€™s be really clear about where that debt came from. It came from people like our Fed Chair who asset stripped all these companies, loaded them with debt, mis-stated their value and sold them on. This is how Jerome Powell made his $50,000,000. He ruined a widget manufacturer. That debt is his dirty-but-not illegal play; his fortune, his I got mine and now Iā€™m in ā€œpublic serviceā€.Ā  Suffer you peons, suffer more. And the dirty profoundly unethical play of all his associates. When Warren Buffet says he has $180 billion in cash because the market is over-valued, that is down to him and his pals loading up every small and medium manufacturer in the U.S. with debt, selling them on, whereupon another pirate buys the company, mis-states its value, borrows a bunch of money against it,Ā raises the price, and sells it on. ALL small cap street profits in the fifteen years come from that criminal activity by our financial elites. Of course the market is over-valued. They over-valued it to steal from it.

The big companies only carry 50% of the debt of small caps. For small caps, the absolute heroes in this story, in the first quarter of 2024, their sales rose .3%, but inflation for that quarter was 1.1%. Bank of America says that small cap earnings will drop by one-third in the next year. Thanks to the miracle of Bidenomics, sales are dead other than the doom spending of hopeless millennials.

In contrast, big companies have gained 14% and big tech stocks earn 90% of all the gains. Where do you think the next play might be? Thatā€™s right, tech.

Median priced houses are now worth 7.8 times median income, twice the normal level, that ratio even above the housing bubble of 08.Ā  Housing prices are slated to rise 20% in the next year. One in five renters are either skipping meals or selling personal belongings to make rent.Ā  Rents will rise double digits in the coming year according to the New York Fed. Millennials have given up, reverting to a nihilistic hand-to-mouth existence.

According to economist Peter St. Onge, who aggregated many of the above states,Ā the first twenty rungs of the ladder have been knocked out.

This is due entirely to the gutting of the heartland, the shipping of manufacturing to the CCP slave state, and the subsequent financialization of the economy. Value is now calculated on the future labor of people whose jobs are being killed off.Ā  They are financializing something that is dying. They know it, you know it, the government knows it.

The core reason for the invasion at the border is for immigrants they can pay dirt wages to keep the whole thing going for a few more years. Your kids, your future? Forget about it.

Of course the bankers have a solution. You know they do. Itā€™s not a sensible, compassionate, creative and exciting solution whereby your life and mine is going to get much much better. It is a solution that means your kids and grandkids are going to live in a world wrought with poverty-driven crime, and dying cities and towns. But never mind! The market will make out like a bandit.Ā The secret lies in the fact that 90% of all gains are currently being made by the digital aristocracy.

That will continue and this is how. To make up for destroying production,Ā the government and markets will list you, your house, yard, cars, boats etc., as a federal asset. As well as national parks, conservation areas, wildlife areas, all ecological study zones, and so on. Then they will borrow against it. Everything you own, because of our federal debt, will be theirs.

The secret, obviously lies in the fact that currently 90% of all gains being made by the digital aristocracy,

Itā€™s the only way. We are de-developing; correction, we are being forced to de-develop. We are de-industrializing, and our hard assets, our water, land and mineral resources are being sequestered from use. We cannot use anything to build anything. We wonā€™t even own our houses, our gardens. We will have a senior partner in our financial lives who tells us what we may do and how much oxygen and water and power we may use. We are finished. We are future peasants.

The Play

Earlier this year, AmericanĀ Stewards, a few state governors and a handful of Congress people managed to stop the SEC from installing a rule allowing for theĀ financializationĀ of Americaā€™s national parks. But under the radar, because no media does any work whatsoever on this file, the Biden administration has reworked the proposal. Herewith is what is happening in the U.S.

The 2030 Agenda means that 30% of Americaā€™s lands have to be turned into a nature preserve by 2030. All those withdrawals from use hold incredible natural wealth and beauty never to be used or seen by Americans. TheĀ April 22, 2024, Fact SheetĀ notes some of the significant land and mineral withdrawals made to help reach 30Ɨ30. That wealth could be used by Americans to build cities and companies and full-on effulgent family and community lives. But it is to be locked away. How much is being locked away? The Biden administration estimates that land held privately, one-third of the U.S. to be worth $32 Trillion. So 2030 lands are worth $32 trillion.

So the idea is to lock away at least $32 trillion worth of resources. While people canā€™t make their rent. While single mothers weep and beg on socials. While people are electing to die because it is too expensive to live. While an entire generation has no hope and is descending into nihilism.

American StewardsĀ reportedĀ the two significant Earth Day announcements released from the White House

ā€œThe Administration has already protected more than 41 million acres of lands and waters, and President Biden is on track to conserve more lands and waters than any President in history. This includes establishingĀ five new national monumentsĀ andĀ restoring protections for three more; creatingĀ four new national wildlife refugesĀ andĀ expanding five more; protecting theĀ Boundary Waters of Minnesota, the nationā€™s most visited wilderness area; safeguardingĀ Bristol BayĀ in southwest Alaska; and withdrawingĀ Chaco CanyonĀ in New Mexico andĀ Thompson DivideĀ in Colorado from further oil and gas leasing to protect thousands of sacred sites and pristine lands.ā€

Next, they unveiled a new website,Ā conservation.govĀ that houses the American Conservation and Stewardship Atlas mapping tool. The Atlas was created to track the progress of 30Ɨ30 including the protected status of the landsĀ as well as quantifying natural processes such as photosynthesis and pollination used to manufacture an arbitrary ecosystem service value.ā€

This is where the digital comes in. All those lands have to be surveilled. All those assets, including you and your house and your car, have to be surveilled. The money that will require installing these surveillance tools will be made by the digital titans, because thatā€™s where the money is, now that lands, resources, labor have been destroyed.

As American Stewards reports: in January of 2023, the White House announced the ā€œNational Strategy to Develop Statistics for Environmental ā€“ Economic Statistics.ā€ Since then, they have been working to establish a methodology to value the ecosystem services.

There are four accounts: Land, Water, Air Emissions and Economic Activity.

The Pilot Land Account measures the economic activity and total market value for all the land in the United States, 2.3 billion acres. They estimate that at around $100 trillion, which includes the 30% owned by humans.

In essence, the administration is conscripting private citizensā€™ land to secure the national debt, unbeknown to the American people and Congress. And using common land as well. Common land is owned by the people of the country, not the government and not the Nature Conservancy. It is yours. But, they are developing mechanisms to make it theirs. This is the first step.

The Pilot National Air Emissions Account ā€œmeasures greenhouse gas emissions associated with specific industries on a national scale.ā€ And you. Your CO2 emissions will be tracked and your allowance measured.

Ten years ago I sat in a rancherā€™s house deep in Wyoming and he told me that his land would be used as collateral for the National Debt that China holds. I felt dread in the pit of my stomach because I felt instinctively he was right. Subsequently, I donā€™t know how many people told me that was impossible, I was wrong, he was wrong, crazy.

No baby, we werenā€™t wrong. They are monetizing all public and private land to pay or support the national debt. And the way they are doing it, is by shutting down economic activity, across the board. We will be a resource to be played, monetized, surveilled and restricted for the profits of the market, and the destructive machinations of the bureaucracy.

And all the money to be made from it is digital. And that money, those resources they are stealing? They belong to us.

In my next article, I will describe in detail the players in this game, how the National Security State, Mossad, the PayPal Mafia, Drexel Burnam heirs, President Trumpā€™s economic advisers, are working to destroy the hope of South and Central America. It is complex, fiendish and fascinating. This series starting today, points out that the Green takeover, mostly surreptitious, is driving the worldā€™s economy into the dirt. It is based on falsified science, and convoluted financial ideas that fail repeatedly. Fix this, and we will be living in a Golden Age.

Elizabeth NicksonĀ is a Senior Fellow at the Frontier Centre for Public Policy. Her studies and commentaries at the Frontier Centre can be accessedĀ here.Ā  Ā Follow her on SubstackĀ here.Ā  Her best-selling book Eco-Fascists can be purchasedĀ here.

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2025 Federal Election

Three cheers for Poilievreā€™s alcohol tax cut

Published on

By Franco Terrazzano

The Canadian Taxpayers Federation applauds Conservative Party Leader Pierre Poilievreā€™s commitment to end and reverse the alcohol escalator tax.

ā€œPoilievre just promised major alcohol tax cuts and taxpayers will cheers to that,ā€ said Franco Terrazzano, CTF Federal Director. ā€œPoilievreā€™s tax cut will save Canadians money every time they have a cold one with a buddy or enjoy a glass of Pinot with their better half and it will give Canadians brewers, distillers and wineries a fighting chance against tariffs.ā€

Today, federal alcohol taxes increased byĀ two per cent, costing taxpayers about $40 million this year, according to Beer Canada.

PoilievreĀ announcedĀ a Conservative government ā€œwill axe the escalator tax on wine, beer and spirits back to 2017 levels, ending the automatic annual tax increases.ā€

The alcohol escalator tax has automatically increased excise taxes on beer, wine and spirits every year, without a vote in Parliament, since 2017. The alcohol escalator tax has cost taxpayers more than $900 million since being imposed, according to Beer Canada.

Taxes from multiple levels of government account for about half of the price of alcohol.

Meanwhile, tariffs are hitting the industry hard. Brewers haveĀ describedĀ the tariffs as ā€œArmageddon for craft brewing.ā€

ā€œAutomatic tax hikes are undemocratic, uncompetitive and unaffordable and they need to stop,ā€ Terrazzano said. ā€œIf politicians think Canadians arenā€™t paying enough tax, they should at least have the spine to vote on the tax increase.

ā€œPoilievre is right to end the escalator tax and all party leaders should commit to making life more affordable for Canadian consumers and businesses by ending the undemocratic alcohol tax hikes.ā€

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Business

Saskatchewan becomes first Canadian province to fully eliminate carbon tax

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From LifeSiteNews

By Clare Marie Merkowsky

Saskatchewan has become the first Canadian province to free itself entirely of the carbon tax.

On March 27, Saskatchewan Premier Scott Moe announced the removal of the provincial industrial carbon tax beginning April 1, boosting the provinceā€™s industry and making Saskatchewan the first carbon tax free province.

ā€œThe immediate effect is the removal of the carbon tax on your Sask Power bills, saving Saskatchewan families and small businesses hundreds of dollars a year. And in the longer term, it will reduce the cost of other consumer products that have the industrial carbon tax built right into their price,ā€ said Moe.

Under Moeā€™s direction, Saskatchewan has dropped the industrial carbon tax which he says will allow Saskatchewan to thrive under a ā€œtariff environment.ā€

ā€œI would hope that all of the parties running in the federal election would agree with those objectives and allow the provinces to regulate in this area without imposing the federal backstop,ā€ he continued.

The removal of the tax is estimated to save Saskatchewan residents up to 18 cents a liter in gas prices.

The removal of the tax will take place on April 1, the same day the consumer carbon tax will reduce to 0 percent under Prime Minister Mark Carneyā€™s direction. Notably, Carney did not scrap the carbon tax legislation: he just reduced its current rate to zero. This means it could come back at any time.

Furthermore, while Carney has dropped the consumer carbon tax, he hasĀ previously revealed that he wishes to implement a corporation carbon tax, the effects of which many argued would trickle down to all Canadians.

The Saskatchewan Association of Rural Municipalities (SARM)Ā celebratedĀ Moeā€™s move, noting that the carbon tax was especially difficult on farmers.

ā€œIt puts our farming community and our business people in rural municipalities at a competitive disadvantage, having to pay this and compete on the world stage,ā€ he continued.

ā€œWeā€™ve got a carbon tax on power ā€” and thatā€™s going to be gone now ā€” and propane and natural gas and we use them more and more every year, with grain drying and different things in our farming operations,ā€ he explained.

ā€œI know most producers that have grain drying systems have three-phase power. If they havenā€™t got natural gas, they have propane to fire those dryers. And that cost goes on and on at a high level, and itā€™s made us more noncompetitive on a world stage,ā€ Huber decalred.

The carbon tax is wildly unpopular and blamed for the rising cost of living throughout Canada. Currently, Canadians living in provinces under theā€Æfederal carbon pricing schemeā€Æpay $80 per tonne.

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