In this video, I talk with author and economic analyst John Sneisen @TheEconomicTruth about the fall of the Canadian economy as media claims that the loonie is soaring. It's quite incredible how people cannot seem to comprehend that the Canadian dollar and the US dollar are both devaluing rapidly. No fiat currencies are soaring. It's just that in comparison with the US dollar, the Canadian dollar for the time being isn't falling AS fast and this makes it appear as though it's climbing. Both currencies are garbage and people are being able to afford less and less with their purchasing power which is quickly vanishing.
Alongside the fact that all fiat currencies eventually revert to their true value of zero eventually, Canadians are taxed insanely, regulated insanely, legislated into oblivion and now we have the new NAFTA agreement which is a complete sham, enforcing government regulations and tariffs.
This notion that the right actually likes these global trade deals is hilariously ironic considering they are massive government mechanisms to tell individuals and businesses who they can, cannot, should, should not trade with. It basically places a big tax on products and hurts industries competing in the market. The market isn't free as long as there are multi-country trade deals. Instead of governments trading with governments, using businesses as pawns, individuals should trade with whoever they want without government restricting them.
It's all ridiculous and individuals need to break free from the collective, decentralize their lives and prepare for the worst by protecting their purchasing power.
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