Canada Economy Sinking Without Tariffs, Border Corruption
Silver Tries and Short Bitcoin
China announced tariffs on over $2.6 billion worth of Canadian agricultural and food products on Saturday, retaliating against levies Ottawa introduced in October. The levies, announced by the commerce ministry and scheduled to take effect on March 20, match the 100% and 25% import duties Canada slapped on China-made electric vehicles and steel and aluminum products,
Why was that not all over the news and Canadians outraged? Because it did not fit the propaganda.
As I have commented all along, this whole tariff dispute is being used by Canada's far left governments to further their agendas and control. We got the proof yesterday. B.C.'s radical left NDP have tabled emergency power legislation all in the name of saving Canadian's from Trump.
The B.C. government has introduced legislation granting cabinet temporary emergency powers to respond to U.S. tariff with tolls on U.S. commercial traffic to Alaska, directing Crown corporations not to buy American goods, and measures to reduce or eliminate barriers to inter-provincial trade.
Premier David Eby said the legislation known as Bill 7 Economic Stabilization Act (Tariff Response) is an emergency measure. “We see this as emergency legislation. This is not everyday legislation. This is not routine legislation,” he said during a March 13 news conference in Victoria.
Conservative Party of BC Leader John Rustad called the legislation “authoritarian” and said his party won’t support it. “Bill 7 gives BC’s already authoritarian top-down NDP government sweeping, almost unlimited powers with zero oversight,” Rustad said in a March 13 post on the X platform.
”Bill 7 is so radical that it’s almost hard to believe — for example, it includes provisions that allow the NDP to introduce road pricing and collect your personal information,” he said.
The bill includes a sunset clause that would see the cabinet powers end by May 28, 2027, according to a government news release. So over 2 years of authoritarian control.
For those that did not follow the B.C. election in October, the NDP won majority by just one seat and by just 21 votes in the one riding. Of course the mail-in ballots were a big factor.
The Conservatives appeared to have won the riding on election night with a 102-vote lead. But Elections BC’s final vote count, which included absentee and some mail-in ballots, gave the NDP a 27-vote lead in the riding. That advantage was reduced to 21 after an audit found 28 ballots cast outside the district that went initially unreported due to “human error.”
Allegations were lodged about improper voting at a licenced addiction recovery lodge in the riding of Surrey-Guildford, where the party claims 45 dubious votes were cast. The Conservatives claim 21 mail-in ballot votes cast by residents of Argyll Lodge, which is across the street from a polling station, were influenced by a third party. Plus the Lodge manager made a donation to the NDP.
I am betting the Carney led Liberals with help of the NDP are going to do the same thing, in the name of saving Canadian's from Trump. You are going to hear a lot of BS that tariffs are causing huge economic pain for Canadians. I responded to a subscriber question about tariffs and economy. I think many might find it of interest.
Canada Economy Sinking Without Tariffs
Canada was already in recession before Trump and tariffs came about. Economic numbers were being padded by huge immigration and refugees then governments giving them handouts to live on and spend. It was like a huge stimulus program. If you look at economic growth per person, it has been going down for a few years.
Canada is going into a deeper recession because the U.S. is going into recession and as always will drag Canada down with them. And Canada is in a weak position to start with.
Tariffs won't be the big factor on the economy other than some price pressure on some items. Remember it is U.S. companies/importers that pay Trump's tariffs. That said all the tariff misinformation is causing business uncertainty in Canada so businesses that maybe would expand, will hesitate.
Big stock market corrections/crashes cause economic fall out too and that is happening.
Trump imposed big tariffs his last time in office and did not cause big economic problems. Back then Canada and Mexico negotiated a new trade deal about a year after the tariffs and they were then dropped. Probably something similar this go around, but Canada might inflict more pain on itself this time.
The main stream and far left governments want to fight and blame Trump, so most people don't understand the real Trump. If you read his book 'The art of the deal' it makes more sense.
His Canada 51st state rhetoric is part of his intimidation tactics on the entity he is trying to deal with. Make them sound/look weak.
Understand that Trump wants fairer trade for America so he wants to see a lot of Canada's high tariffs removed and other restrictions removed or eased.
He is serious on border security and Canada is the weak link in North America. There has already been a lot of focus on the Mexican border, but nothing on Canada until now.
Also part of border security he is concerned about - the Arctic that Canada has paid no attention to and Russia has taken control of the Arctic. This is also why he comments about Greenland. He said the same thing in his last term about Greenland.
And that brings about his 3rd big concern and that is Canada's lack on their NATO commitment to defense. The U.S. under Trump is tired of spending all the money and equipment to protect Canada and NATO. We need to tally up.
What we have to do is vote out these destructive Liberals and NDP and get change with Conservatives. I strongly suggest this video by Victor Davis who is a U.S. military historian.
Canada is FALLING APART Right Before Our Eyes.
He puts the whole problem in simple to understand form without all the political BS.
On the Border, news from The Bureau (Sam Cooper)
Veteran law enforcement officials—both active and retired—from the U.S. and Canada have come forward with explosive allegations suggesting that Canada’s federal government may have systematically obstructed investigations into the highest levels of Asian organized crime. According to these sources, American agencies, including the U.S. Department of Homeland Security, have grown so alarmed by suspected corruption and legal loopholes in Canada that they have effectively sidelined Canadian law enforcement from sensitive investigations and intelligence-sharing.
Several veterans of Canadian law enforcement argue that while U.S. President Donald Trump’s critiques of Canada’s handling of fentanyl trafficking and border security are politically charged and often harsh, they underscore an uncomfortable reality: Canada is increasingly perceived as compromised—either incapable or unwilling to confront entrenched transnational criminal networks. American and Canadian sources alike describe a nation whose law enforcement agencies are in disarray, inhibited by suspected infiltration at the highest levels, obstructing investigations into billion-dollar drug networks and money laundering operations.
These American and Canadian experts pointed to the notorious case of Cameron Ortis, Canada’s former top police intelligence official, who was convicted of leaking Five Eyes signals intelligence to some of the world’s most dangerous Iranian state-sponsored criminals. His case, still cloaked in national security secrecy, is believed to have also involved Chinese espionage investigations. But concerns about corruption within Canada’s law enforcement and intelligence agencies extend far beyond Ortis himself, according to enforcement experts who spoke on the condition of anonymity due to the sensitivity of the matter.
Several said that U.S. officials suspect corruption within the ranks of Canadian border authorities, yet those suspects allegedly retained their security clearances.
I agree 100% that Canada politicians have been compromised by the Chinese.
It looks like silver is trying to break out with yesterday's move but has not convinced me yet. Lets see what next week brings. I did check my coin dealer and they have all kinds of silver. Coin dealers usually run out of silver when retail demand comes in.
Also there are more ETF out flows than inflows. Here is the popular SLV etf. There has not been any decent inflows since 2020.
On the price chart, there was some volume last April/May into SLV but has been pretty flat since.
On the topic of ETF flows - Record Equity and Crypto flows
It’s official: 2024 was a record year for ETF inflows. When all was said and done, $1.12 trillion flowed into U.S.-listed exchange-traded funds during the year, almost double the $600 billion of inflows seen in 2022 and 2023, respectively. Two-thirds of all inflows, or more than $750 billion, went into equity ETFs.
Despite the poor returns, investors put $303 billion into fixed-income ETFs, including $21 billion into AGG and almost $19 billion into the Vanguard Total Bond Market ETF (BND).
The iShares Bitcoin Trust (IBIT) had inflows of more than $37 billion during the year, propelling its AUM to over $50 billion. Inflows for the category as a whole totaled $38 billion despite $21 billion of outflows from the Grayscale Bitcoin Trust (GBTC).
This morning I sent out an alert on Signal to go short Bitcoin with the SBIT etf, around $12.70. It soon dropped down to $12.40 and is currently about $12.60 so will use this as the entry price.
As you can see a very strong rally today that I hope to exploit.
We also have the short position with MSTZ.
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