Welcome To The Future

It’s entirely possible that Canada is headed to the place where Brazil currently finds itself. Just give us time.

First it was a collapse in the currency. Now the rest of Brazil’s financial markets are in the cross-hairs as investors lose faith in the government’s ability to contain a deepening fiscal crisis.

The selloff that sent the real plunging to a record low is engulfing everything from stocks to local-currency debt to dollar bonds, with traders even piling into hedges against a sovereign default. Market watchers say extraordinary measures on Tuesday by the central bank to stem the currency’s slide are little more than a temporary fix, and warn that signs the nation’s congress may water down a high-profile austerity package are likely to only add to the turmoil.

Devastating Takedown of Trudeau, Freeland, and Other WEF Stooges

“I still remember the show when we discussed that. It involved neighbors narcing on you and some process by which you would be judged likely to commit thought crime and speech crime ….

It’s important to see that when Trump was elected this last time, it is the exact opposite of what happened the time before. The time before, we had all these people in their ascendency. They were the incoming class. Trump looked like [a] grouchy, scary populist from hell and now he hasn’t even been inaugurated. It’s weeks still and here goes Canada. Here goes their hood ornament WEF leader and it seems that in England, Starmer’s in trouble too ….

It’s legitimate to say that underneath all the smoke and all the strange stories that we’re facing in America, abroad let’s check the actual effect of our … presidential election. Abroad, things are starting to change and change quickly. And this all goes back to a threat from Trump. Remember, this is all about the tariffs ….

It’s completely funny because what Trump is threatening is to push over their house of cards, which is already tilting and has been for awhile and they’re not well financially in Canada. They’ve got all our problems and worse. You know, housing shortages, immigration crises, [and] crime all papered over with a kind of ultra woke social justice veneer that … a lot of people find increasing noxious and irrelevant to their real lives. And so, Trump [with] the tariffs is going ‘bink’ and there it goes. He makes a joke about the 51st State. Today, there are memes with Elon Musk saying ‘how much is it going to be, what’s your asking price?’ The Great Canadian Fire Sale.” — Walter Kirn

Matt Taibbi & Walter Kirn devoted a significant portion of their weekly podcast last night to severely mocking Trudeau et al. It’s a thing of beauty for all SDA regulars!

In Other News…

I’m old enough to remember when this would have been the biggest story of the day. But the Liberals did somehow manage to top it.

Financial Post- Federal government blew through fiscal guardrail to post $61.9-billion deficit, economic update shows

The federal government broke its key fiscal guardrail and posted a deficit of $61.9 billion for the 2023-2024 fiscal year, according to the fall economic statement released on Monday, blowing past the $40.1 billion level at which it promised to keep the deficit.

Freeland resigns!

Does this imply she has no confidence in Trudeau? Her letter says he has no confidence in her.

Watching CBC News Network is rather entertaining. The CBC is in full meltdown mode. For a bit there it looked like Rosemary Barton might issue a tear. Or maybe I was just seeing that through rose coloured glasses?
 

CBC

Finance Minister Chrystia Freeland resigns from Trudeau’s cabinet

National Post

Finance Minister Chrystia Freeland resigns ahead of economic update

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