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it's no secret that the life Canadians have lived for decades is deteriorating and it's no longer accessible to most people that the constantly increasing quality of life that we've experienced from generation to generation seems like it's reversing and many Canadians can no longer recognize the country that they live in especially when comparing it to the country that they were born in the question is is this the result of Decades of well-meaning but faulty policies all compounding on top of one another bringing us to the situation we're in today or is it an unspoken plan playing out to maintain the status quo for the wealthy at all costs without any care about the realities of average Canadians well new statements made by the Bank of Canada paired with concerning lifestyle stats have in my eyes made this a lot more clear showing how every Canadian is impacted by the changes we're seeing in front of us and this will likely relate directly to you because it involves a plan designed to keep your earnings low your cost of living High and to keep you in as much debt as possible you've probably heard politicians constantly talking about a big problem we have in Canada and that is our aging population have have you heard this they'll say we have a big demographic problem and our national strength is our ability to grow our economy through Labor Force growth or by bringing in new Canadians to fill jobs or trying desperately to decrease the number of single- inome households making sure that both people in a relationship have to work to make ends meet and to a certain extent they're not wrong take a look at this over the past years we've seen Canada's fertility rate decrease and it seems like these days it's decreasing even more quickly this chart shows you how many children are born per average two people in Canada for every two people how many children are born uh right now or the most recent data 2022 data it's looking like that's 1.33 children for every two people in Canada at 1.33 births per woman with no immigration our population would decline and it would decline very quickly here's an example it shows every 30-year period here and what Canada's population would be if we had no other forms of growing our population I'm starting at today's approximate population of 40 million that we can see right here a declining population like this is a huge problem given that we live in the western world where much of our finances and programs are built upon a Perpetual growth model where the economy and the popul both need to Forever continue growing in order to sustain themselves the only reason Canada's economy and GDP numbers haven't absolutely crashed over the past couple of years is that we've largely propped up these numbers by adding millions of new international students temporary workers and to a smaller extent permanent residents while at the same time also increasing the amount of existing Canadians that are working by creating conditions that allow or if I want to put it more cynically conditions that force all working age people in households to have a job instead of possibly only one having a job over the short term and looking at things more broadly instead of on a personto person basis this plan has largely worked it's propped GDP numbers up it's increase the amount of tax revenue that the government can collect while also increasing the crucial contributions that are necessary to keep the cppp or Canada's Pension Plan afloat but what it's also done however is decreased the quality of life for each Canadian while keeping corporations politicians and Central Bankers happy and all of this has become excruciatingly clear over the past few weeks as new information and statements have come out that are related to this very situation impacting all Canadians now we're going to take a good look at these details but before we do I want to take a moment to thank the sponsor of today's video Mumu over the long term many Canadians are realizing that they simply can't trust the government to look after them financially be that right now or into their retirement now the only person you can truly count on is yourself which is why I always suggest that people look into opening up self-directed tfsa and rrsp investment accounts where you can take advantage of special tax benefits and a great place to open up these kinds of accounts is with Mumu Mumu is an all-in-one trading platform that lets you trade across Global markets within a single account now some of Canada's biggest banks charge Hefty trading commission fees all the way up to $9 999 cents per transaction and they often have brutal currency exchange rates that can really eat into your returns now luckily Mumu only charges $1.99 per trade and offers a far more competitive exchange rate so that you're not losing as much money to those brutal fees the app brings all the information you could ever need into one clean package I personally like to invest in index ETFs so let's take a minute to look at one that tracks the S&P 500 that's ticker symbol vo now they've got a ton of information inside of this app you can see the morning star ratings and this shows the funds historical average yearly returns over the past three five and 10 years now on top of that if you keep scrolling down you can see all of the different Holdings of that particular fund the different stocks that are inside of it and you can also scroll down further to see if the fund pays out any kinds of dividends and you can get all this info on any stock or fund you want now Additionally you can even compare different stocks side by side against each other uh and you can bring your favorites into this screener and it allows you to see the performance of multiple different stocks or or funds right next to each other so that you can make the best decision for you based on the information that's most important to you so take advantage of this promotion by using the link in the description to register then deposit it in eligible amount and then receive $2,000 in commission rebates a 2month 6% apy idle cash booster and a cash voucher of up to $200 and thanks again to Mumu for making videos like these possible so despite the long-term challenges that we legitimately face due to our low birth rate our leaders have chosen a short-term Quick Fix of economic stimulus via rapid population growth to sort of just kick the can down the road but I'll admit that even that is a fairly tame framing of what our country's leaders have been doing to say this is just an irresponsible but well-meaning quick fix to a real problem uh gives them a little bit too much credit in my eyes because when you take a closer look at the situation it's really hard not to see this as a conscious effort to maintain the status quo and to preserve the wealth of the elite while undermining the quality of life for the vast majority of Canadian citizens now we'll get more into that specifically in just a second it's no question that our birth rate is low and that it's a problem we've got to face but it seems that nobody is stopping and asking the question why now some people will point to the advancement over time of women's empowerment education and Reproductive Rights and that could certainly play a role however I'd argue that this is more heavily a result of instead economic factors economic factors which at the very least feel like they're the result of conscious policy decisions people aren't having kids because they simply can't afford to and it's the result of decisions that time and time again prioritize multi-millionaires in their corporations over average people their families and their communities now let me give you some examples so I just sound don't sound like some crazy guy on the internet just last week the governor of the Bank of Canada gave a speech that covered a lot of the standard talking points that Central Bankers will talk about these days inflation's coming down monetary policy is working as intended so on and so forth but things get a lot more interesting when the topic then shifts to way growth now keep in mind as you watch this next clip that inflation peaked at 88.1% before coming down to where it is today arise in the cost of living that will never be reversed you can't put the genie back in the bottle so now turning to wage Dynamics when the labor market was tight and inflation was high wage growth increased and depending on the measure you look at wage growth peaked between 4 and a half and 6% this was roughly twice the prepandemic average of to 3% with inflation now much lower and the labor market coming into better balance we are starting to see evidence the wage growth is moderating the latest numbers on a six-month basis suggest wage growth has eased to about 4% this is clearly down from the peak but still above the pre-pandemic average going forward we will be looking for wage growth to moderate further the governor of the Bank of Canada is explaining how in order for them to be confident that inflation won't return and get back to that 8.1% in order for them to be confident that won't happen and in order for them to then further lower interest rates they're going to be waiting to make sure that wage growth slows down from where it is today you see the Bank of Canada sees higher wages for Canadians as an inflationary pressure if businesses have to pay Canadians more then they'll have to charge more for goods and services and as a result inflation will increase something that they definitely don't want to see happen and while this might sound rational it certainly seems like through every monetary cycle it's Canadian workers that get the short end of the stick in challenging times we see central banks prop up the economy by effectively printing hundreds of billions of dollars via quantitative easing this is what we saw in the pandemic now this helps The Wealthy by increasing the value of their assets and their Investments that they hold while simultaneously devaluing the debt that they've taken on um usually to make these types of Investments seems like a pretty good deal but when the inevitable hangover of money printing starts to kick in we experience that through inflation um the Bank of Canada then has to make drastic decisions and take drastic measures to increase unemployment and slow down wage growth make Canadians feel poorer all with the stated purpose of bringing down inflation but after everything is said and done even even if Canadians end up making more money than they did 5 years ago that money simply doesn't go as far relative to the newly increased costs of goods and services not to mention housing that in real terms Canadians end up making less which decreases their quality of life and limits their ability to hey start a family you can't start a family if you can't afford to now remember the short-term Solution that's been implemented by our leaders we've been talking about it maybe just a minute ago the one where there increasing Canada's labor force to prop up the economy if it wasn't obvious before this also makes life less affordable for Canadians uh for for both sides of things it increases the cost of living by adding more demand for goods services and housing to the economy while at the same time also allowing corporations to pay their employees less as a result of the increased amount of workers corporations can pay their employees less when there are more people to hire right you don't have to offer as high a wage to entice them to work for your business now it's very hard not to see this as wage suppression for years corporations have been taking advantage of dodgy dodgy temporary work permit programs exploiting well-meaning foreign workers while eliminating opportunities for existing Canadians who are just out there looking for work I covered these permits more heavily in my previous video which you can check out but in short these programs have enabled corporations to accept payment from International Job applicants in order for them to get the job and also the temporary work permit that comes along with it now the result of this many people most often working age people from India pay tens of thousands of dollars to Canadian corporations illegally for permits with hopes of one day being accepted as a permanent resident of Canada the reality they've been exploited and they probably never will be a permanent resident meanwhile the most recent employment numbers just came in and more and more Canadians are having challenges finding work uh with the unemployment rate hitting 6.4% and that's about 1% higher than it was just one year ago so it's more expensive to live wages aren't keeping up with the growth that we're seeing in expenses and fewer and fewer Canadians are having children as a result the solution for this troubling demographic challenge that we definitely do face well it's mass increases in the size of our labor force and mass exploitation and wage suppression of all workers as the result of this increased supply of workers which then H results in life costing more while people earn less which then leads to fewer children being born because families can't afford it so we have a big demographic issue do you see how this whole thing starts to get really cyclical like these short-term Solutions have the convenient disguise of being an important answer to the challenges we face with our aging and naturally shrinking population if it weren't for immigration now in reality it ends up being a fantastic way to keep artificial business numbers up and businesses who often most heavily benefit individuals who have no connection to the reality most Canadians are living in the the day-to-day on the on the ground floor reality that people are living with today and if you think this sounds a little bit ranty and a little bit far-fetched well then listen to these politicians who are saying the quiet part out loud first is Mark Miller who's our current immigration Minister and second is the leader of the conservative party Pierre PV with that demand from industry in terms of having those International students work in Canada yeah I mean look at there is a lot of conversations with different competing policy priorities you have uh Industries in low skilled labor um whether it's big box shops or others looking for uh cheap labor and and wanting to make sure that they maintain a 40-hour work week for some of the students that's the competing policy with the labor Gap that we that we that we face in this country and we need those people working and why not if they're paying a whole heck of a lot of money to to to to to to come to Canada to study more than a domestic student why would we deny them that right so uh some competing issues there that we need to really tackle with listen we have a worker shortage in Canada we have a demographic problem our population is too old we need 700 young people we need 700 young people to work in our factories in our hospitals in our shopping centers driving truck being accountants lawyers doctors we need these workers in our country it makes no sense for Canada to send them back when they could stay here and earn powerful paychecks and raise their families in peace so shame on Justin Trudeau for trying to deport these wonderful students stop the deportations keep the the students here allow them to apply just like everyone else for permanent residency this all makes me really sad and it gets into some of my more anecdotal and maybe more emotional thinking about all of this it feels like this is all ultimately an attack an attack on and weakening of traditional families and communities and and ways of life now don't get me wrong I'm all for individual freedom for all Canadians to pursue careers they're interested in and to make the choices that are right for them but these days it seems like these choices are Just an Illusion you don't really have an option even though they kind of try to make you feel like you do do do most mothers really have the option to stay home to raise their families or are dual incomes actually necessary to make having a family even possible in most cases we flaunt our Progressive Canadian values by bragging about how we have one of the highest percentages of women who work how high our female labor force participation rate is it's framed time and time again as this social issue when in reality I'm believing more so these days that it's just a narrative and an ideal that helps funnel more workers into this system for the benefit of the wealthy corporate and political Elite now I'm not saying women should just stay at home and take care of children and have as many children as possible what what I'm seeing is it would be wonderful it would be so wonderful if just one of the parents had the ability to do so regardless of the gender of that parent that one day when I have kids I'd gladly be a stay-at-home Dad if I could but I don't think that's really going to be an option financially for us and I don't know if these feelings are just some product of a sort of hyper cynical worldview that I feel like I'm starting to develop like maybe I'm crazy and maybe I'm drawing lines between things that aren't actually even related but it seems to me that every political decision every monetary policy decision and how even even some conten social issues that are constantly shoved down our throats by the media it seems like they all serve the same goal the goal of preserving the wealth of the already wealthy or at the very least um the these things are meant to distract us so we don't realize what's happening in front of our eyes sometimes I don't know what to think but I'm curious what you think about all of this stuff let me know in the comments below what have I gotten right what have I gotten wrong subscribe to the channel if you haven't already done so about 60% of the the people who watch videos on this channel don't subscribe but I'd appreciate it if you followed along if you enjoyed this video in any way also uh if you want the sources for this video you can check that out the first link in the description maybe second link uh for the email list that sends out all of the sources after every single video and with all that said thanks so much for watching everybody I really hope this video helps you out at least a little bit and I'll see you next time

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