If someone had told you that by 2022, your savings would be worthless because of the inflation the Trudeau government made, you would have said: "Yeah, but Stephen Harper ....".
And you would still be cutting your own throat:
The savings accounts of Canadians have sprung a leak.
As inflation tops 8%, anyone with money in the bank is seeing their savings drip away at the fastest rate on record because interest rates for savings accounts, still largely languishing at around 1%, haven’t kept up.
“They will lose money. The value of their savings is decreasing,” said Claire Celerier, an associate professor of finance at the University of Toronto’s Rotman School of Management.
It’s a sharp contrast to the last time inflation ran this hot. In 1981, inflation peaked at over 12%, ...
(Sidebar: when Justin's dad was running things into the ground.)
... but Statistics Canada data says bank accounts were paying out 19% interest, and even in 1990 when inflation was running a little under 5%, accounts were paying out over 9%.
With that and the plan to end industrial farming in Canada, this is what we can look forward to:
The Inquiry cited evidence of arbitrary executions, infanticide, and forced abortions being commonplace in detention centers and testimonies of “repeated instances of infanticide and forced abortions at detention centers, particularly targeting ‘impure’ half-Chinese babies.”
The Inquiry presented evidence of detainees being intentionally deprived of food as a “weapon of punishment and control” resulting in severe illnesses, malnutrition, and often death by starvation. One witness testified of being fed “mostly skin of corn or potatoes mixed in with stones and coal.” Other witnesses testified to eating rodents, frogs, or snakes to survive.
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