Saturday, March 30, 2024

Canadians may revolt once they realize how broke they are under Trudeau


Canadians may revolt once they realize how broke they are under Trudeau as 'many under 35s are unlikely ever to buy a home'

Police have warned Canada's leaders they will struggle to contain the fury at its deteriorating economy and a generational revolt by young people unable to ever buy a home.

The secret report by the Royal Canadian Mounted Police paints an apocalyptical picture of the future for America's northern neighbor, predicting it will be riven by economic crisis, ecological meltdown and territorial disintegration.

The report has caused a sensation in the Great White North after a heavily redacted version was released following a long-running access to information request by a Canadian academic.

Described by its authors as a 'scanning exercise', the Whole-of-Government Five-Year Trends for Canada warns that the truckers' convoy protests that polarized the country in 2022 may just be the precursor for a society increasingly polarized by 'conspiracy theories and paranoia'.

No. The problem isn't conspiracy theories, but a country that is under the thumb of a mediocre bully. He has the population afraid and getting poorer and poorer under his policies. (More below.) Source: Daily Mail - UK

'The coming period of recession will accelerate the decline in living standards that the younger generations have already witnessed compared to earlier generations,' they wrote.

'For example, many Canadians under 35 are unlikely ever to be able to buy a place to live.

'The fallout from this decline in living standards will be exacerbated by the fact that the difference between the extremes of wealth is greater now than it has been at any time in several generations.'

The report was produced last year to provide 'special operational information' for senior officers in the RCMP and 'decision-makers' in the federal government. And it warns that Canada's prospects 'will probably deteriorate further in the next five years'. 'Law enforcement should expect continuing social and political polarization fueled by misinformation campaigns and an increasing mistrust for all democratic institutions,' it notes.

The 'Freedom Convoy' protests galvanized millions of people opposed to the long-serving Liberal Prime Minister Justin Trudeau.

Originally started by Canadian truckers opposing a COVID-19 vaccine mandate for cross-border drivers, they became a rallying point for separatists and complaints about the living standards. Thousands camped outside the Canadian parliament building, and vital trade routes along the Canada-US border were shut down along with key parts of the capital for more than three weeks. 

They were finally broken when Trudeau deployed Canada's Emergencies Act, enabling draconian penalties for those interfering with critical infrastructure.

The report paints a terrifying picture of environmental threats which it warns could have an outsized impact in Canada.

'Canada's north is getting hotter at least three times faster than the global average,' it claims. 'Shrinking polar icecaps are providing access to untapped raw materials and new paths for transportation. This new opportunity for profit is causing several countries to expand their territorial claims in the area,' which it notes will lead to 'increasing pressure to cede Arctic territory'.

And alongside gloomy predictions about the impact of artificial intelligence and crypto currencies are warnings about what it calls the 'erosion of trust'.

'The past seven years have seen marked social and political polarization in the Western world,' it claims.

'Capitalizing on the rise of political polarization and conspiracy theories have been populists willing to tailor their messages to appeal to extremist movements.'

Home-ownership has become impossible for near record numbers of Canadians according to analysts, with just 26 per cent of households now able to afford a single-family home.

'The situation is particularly tense in Vancouver, Victoria and Toronto where the costs of owning a home are sky-high,' wrote RBC in December. 'Ottawa, Montreal and Halifax also face challenging affordability conditions.'

The report concludes with a 'next steps' section which has been entirely redacted sparking intense speculation about what the government plans to do.

'I think they're panicking. This means that asset/homeowners are going to get wrecked and the young will afford to buy,' tweeted @roguechristian. 'This is not only a Canadian problem. It afflicts all Western countries. We live on borrowed time,' added Gary Clueit.

'Canada for a long time has only relied on its natural resources, its industry is mostly American, the prices of homes are already insanely high the housing bubble keeps increasing, and most decent jobs are in banking,' wrote @SamuraiElf.

'The RCMP assessment is not a surprise.'  'The time of western hegemony is over,' suggested Tony DiLorenzo.

But... you respond the US is more expensive . Not true. Looking into cost of living data I see "Yes. Canada is cheaper in many areas -- child care, rent..." But buying real estate is much more expensive in Canada. And the average income in the US is much higher - plus 58 per cent in this source. Numbeo

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