Editor’s Note: We have something special to share with you today. Instead of our usual commentary, we have a brand-new essay from Casey Research founder Doug Casey. In it, Doug explains why Canada is headed for a self-inflicted disaster. This coming crisis could do serious damage to Canada’s economy. But it will be a “sideshow” compared to what’s about to hit the U.S.
Fair warning: this essay will offend some readers.
At least on first glance, you’d think things couldn’t get much worse in Canada in general, and Alberta in particular. Commodity prices are all down—some near historic lows in real terms—and Canada is all about commodities.
Then, last year, Canadians elected Justin Trudeau as Prime Minister, who can be counted on to promote absolutely every politically correct Big Government notion that crosses his mind and make the wrong decision at every opportunity. “Bold new programs” are always fun at the beginning. And since the Canadian government is in better shape than that of the U.S., it will be fun squandering whatever is in the piggy bank.
Not to be outdone, the Albertans elected the NDP for their provincial government; Canada’s NDP is best compared to the Bernie Sanders wing of the U.S. Democrats. They’re doing their best to bedevil oil, agriculture, and business in general, even trying to unionize family farms.
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