Saturday, September 26, 2020

It's Just Money

Money that magically appeared when one wanted to avoid a no-confidence motion:

**

**

 

The Soviet Union officially dissolved on December 26th, 1991, confirming what everyone had been saying about communism: it doesn't work.

What followed was a weak economy that couldn't compete on the world stage collapsing completely, leaving people without wages or pensions


A series of financial mishaps in New Zealand and the Icelandic banking crisis in 2008 (indeed, one can look no further than Trudeaunomics and the effect it has had on Canada) proves that economies can and do collapse. 


The unfettered spending by people who have never managed so much as a lemonade stand and the willingness of the public to let them do that is reminiscent of characters in Greek tragedies that can see a disaster looming and even warn people about it but to no avail. 


Canadians are going to see, much sooner than later, the unravelling of the economy and experience great financial and ultimately global loss and will not be able to cope or flee.


Such is the price of putting one's self into debt for want of "free things".

 

No comments: