You know things are getting bad when the frenzied purchase of consumption goods starts to outstrip investment in dividend-earning plant and equipment. Why expend effort to create more seed corn when you can just gorge yourself on whatever is already in the bin?
A bigger concern for Canada might be real-estate dominance. Statistics Canada’s latest tally of gross domestic product on June 1 shows that residential investment has rarely been a bigger part of the overall economy. That’s great for real-estate brokers, but bad for competitiveness, because it suggests that houses are becoming a magnet for precious investment dollars that could be put to more productive uses. As Evan Siddall, the former head of Canada Mortgage and Housing Corp., tweeted in April, “Housing is mining our economic future.”
This is all really great and everything, but somebody show me one place that I can put my money other than real estate where I won’t be pillaged by tax or lose it all to volatility.
I’ll wait.
Can start with some +25 year non-perishable food, reloading equipment, learn to garden and make homemade whisky.
The rest is always “volatility”, all you can do is diversify and hope it doesn’t all go down with the ship.
The whiskey is a good idea. Maybe I’ll look into that. ~:D
Heh 🙂
Here’s a start………….
https://www.wikihow.com/Make-Whiskey
I suppose my larger point was, we need to learn from our poorer roots to be more self sufficient and learn to enjoy the learning as we go. Like they say it’ll be the stone age populations of Papua New Guinea that will be best placed to survive a global cataclysm.
Otherwise invest in a few simple hobbies that can help get you through any tough times, maybe even turn a profit while we all let the Global Economic roulette wheel spin………………
I don’t know what to tell you, Phantom, beyond telling you to keep the treasures you truly cannot afford to lose safe in heaven, where there are no tax collectors or short-sellers.
No earthly asset is guaranteed, and all can lose value—and all do in the end, including the “risk-free” ones. Only question is whether you’ll live to see any and all assets exposed to the globalist empire go to zero.
I rather hope you don’t, for your sake.
I suppose the chart illustrates the article when you look at just 2020/2021. But looking at the whole chart, what jumps out is the blue line nosedives around 2015 and never recovers. Could it be that something changed in the business climate around then? Perhaps a federal election resulting in a new government?
……..Along with killing the Canadian Oilfield. Remember the once prosperous “economic engine” that sputtered in 2014 and has been dying ever since? It take time for trickle down poverty to take effect.
Real estate is the number one investment in the Shithole world. It is the hardest asset to steal. Canada is becoming part of that world. All the money can be stolen by doing a Zimbabwe – inflate 100 trillion times. Just turn on the presses.
Like Phantom says.
Money put into business in Can Ahh Duh is no longer an investment.
So besides real estate,damn small choices.
Maybe Ottawa could consider the obvious,their outrageous attacks and rule changes against business has resulted in Business people getting the message..
Can Ahh Duh not open for business.
Provincial Lines,closed to business.
Regulators,out to fuck business..
Prime Minister “Small businesses are tax cheats”
Gee I wonder why no new businesses are opening?
Don’t forget that tax that jumps 10% per year, every year, to fight a war against weather.