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Canada has HUGE job-loss in March
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TOPIC: Canada has HUGE job-loss in March
#23216
Canada has HUGE job-loss in March 1 Year, 7 Months ago Karma: 266
While the jobs "news" was MODERATELY bad in the U.S. (where the jobs lies are the largest in the history of economics); in Canada where the Lies are smaller the news was TERRIBLE.

Canada's economy officially shed over 54,000 jobs in just one month. To put this into perspective (for both Canadian and American readers); the U.S. economy is crudely speaking about 10 times larger than Canada's economy (a little more than that, officially). Thus Canada losing 54,000 jobs in one month is like the U.S. economy reporting a one-month job-loss of well over a half-million jobs. These are CRASH OF '08 NUMBERS. This brings me back to a commentary from last year which perfectly describes what is taking place now:

Secret Panic

We have the same economic "crash" taking place as occurred in 2008, except this time there are no media Chicken Littles shrieking "the sky is falling!" This is despite the fact the banksters can always make BIG BUCKS by starting panics. So why no "panic" here? Because their whole Ponzi-scheme system is so over-leveraged and fragile that it cannot withstand another deliberately induced panic.

Meanwhile, for Canadians this news is nothing less than frightening. At the same time that the housing-bubble intentionally created by the Conservative government nears its implosion AND Canada's economy is now in free-fall; we have the same government making it the OFFICIAL LAW that they can (and will) steal ANY paper you have in ANY financial institution.

From the Canadian Budget:

The Government intends to implement a comprehensive risk management framework for Canada’ssystemically important banks. This framework will be consistent with reforms in other countries and key international standards, such as the Financial Stability Board’s Key Attributes of Effective Resolution Regimes for Financial Institutions...

And from the document referred to in our budget:

...Jurisdictions should have in place privately-financed deposit insurance or resolution funds, or a funding mechanism for ex post recovery from the industry of the costs of providing temporary financing...

Insurance for recovering what was stolen out of peoples' banks accounts. But there's still more:

...As a last resort...they should make provision to recover any losses incurred by the state from unsecured creditors or, if necessary, the financial system more widely.

Translation? Stealing any or all of your paper in any financial institution.

[Section 6] www.financialstabilityboard.org/publications/r_111104cc.pdf

Our economy is collapsing; our government is planning on stealing our wealth; and the politicians are (surprise! surprise!) lying about those intentions. It will be a little late to "panic" after they have stolen your money...


Canada loses 54,500 jobs in March, unemployment rises to 7.2 per cent

www.ctvnews.ca/business/canada-loses-54-...2-per-cent-1.1225328

OTTAWA -- Canada experienced the worst jobs performance in almost four years last month as 54,500 workers joined the ranks of the unemployed, all full time and all in the important private sector.

"It doesn't get much uglier than this," Bank of Montreal chief economist Douglas Porter said in a commentary.

The loss was the biggest since February 2009, and despite a small retreat in the number of Canadians looking for work, helped lift Canada's unemployment rate two-tenths of a point to 7.2 per cent...
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#23219
Re: Canada has HUGE job-loss in March 1 Year, 7 Months ago Karma: 2
Oh ya it feels bad here also since I work a part time gig for 1/3 of what I made in my so called good job when I had one to the age of 52...57 now.
I live in Toronto Ontario and we have plenty of minimum wage jobs.
I'm in the worst demographic as I am a white male in my 50's.....Sorry I'm not PC.
But I did not wait for mommy government to change my diapers like some folks. I got busy learning to pull money from the internet(and offline) which is another way to do it.
I also think half this city and province works for some level of government which is one of our biggest problems....but it keeps growing everywhere.
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#23221
Re: Canada has HUGE job-loss in March 1 Year, 7 Months ago Karma: 266
bigman wrote:
Oh ya it feels bad here also since I work a part time gig for 1/3 of what I made in my so called good job when I had one to the age of 52...57 now.
I live in Toronto Ontario and we have plenty of minimum wage jobs.
I'm in the worst demographic as I am a white male in my 50's.....Sorry I'm not PC.
But I did not wait for mommy government to change my diapers like some folks. I got busy learning to pull money from the internet(and offline) which is another way to do it.
I also think half this city and province works for some level of government which is one of our biggest problems....but it keeps growing everywhere.



Hold on BigMan! Now you're simply drinking too much of the Right-Wing Kool-aid.

Currently there are somewhere in the neigbourhood of SIXTY MILLION people across Western economies who are (deliberately) not allowed to work by our governments.

How?

Since the Dawn of the Industrial Revolution roughly 2 1/2 centuries ago; the only way our governments have EVER been able to keep employment steady is by shortening the work-week every few decades. This is because technology ALWAYS eliminates labour much faster than it creates new employment opportunities -- hence the phrase "labour-saving devices."



As a matter of simple arithmetic, it will never (ever) be possible for any of our economies to EVER have anything remotely resembling "full employment" ever again -- unless/until we immediately move to a four-day work week.

Why do our governments want 10's of MILLIONS of permanently unemployed Little People? To drive down the wages of all the Little People who DO have jobs -- as you noted yourself with your "1/3 wage." In turn, driving down our wages (now at Great Depression levels, in real dollars) allows them to hide/offset much of the INFLATION caused by their money-printing. Let me repeat this so people fully comprehend the level of Evil here.

60+ MILLION people never being allowed to work...so they can drive-down everyone else's wages...so they can be even MORE SUCCESSFUL in stealing via their money-printing.
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#23222
Re: Canada has HUGE job-loss in March 1 Year, 7 Months ago Karma: 2
Not sure where the "right wing kool-aid" comes in....although I do not like the touchy feely left crowd I will admit.
I do though agree with all you say below...it is minipulated by certain cartels along with governments no question.
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#23223
Re: Canada has HUGE job-loss in March 1 Year, 7 Months ago Karma: 266
bigman wrote:
Not sure where the "right wing kool-aid" comes in....although I do not like the touchy feely left crowd I will admit...



Right here BigMan:

I did not wait for mommy government to change my diapers like some folks



That line could have come straight out of the Good Republican's Handbook (lol). But I make this point for a reason: to once again distinguish the mythological "Big Government" depicted by Fox "News" and other right-wing echo-chambers versus the actual Big Government in existence today.

The whole characterization of a "mommy government" is entirely fallacious. It implies a benovelent government -- which wants to "take care of us."



In reality, here is what our Big Government is really all about. First of all, more than half of EVERY dollar of spending goes into either the war-machine, interest payments to the Bond Parasites, or Corporate Subsidies. Does anyone here have a "mommy" with those spending priorities?

But what about money spent on "welfare" (in Canada) or "food stamps" (in the U.S.); ask the right-wing ideologues?

With millions of people not allowed to work, and with the prisons all stuffed full (on both sides of the border); what are you going to do about those MILLIONS of (first) hungry and (then) angry people?

The PITTANCE which our Traitor Governments (these "Big Governments") still actually spend on people -- ever more-grudgingly -- is for one reason (and one reason only): to prevent riots in the streets. And the only reason they don't simply allow the riots and send in the Nazis to crack skulls is because it's not propaganda-friendly imagery.

This is what our Big Government is really all about: not a "mommy" but an "Adolph"...


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#23235
Re: Canada has HUGE job-loss in March 1 Year, 7 Months ago Karma: 38
bigman wrote:
Oh ya it feels bad here also since I work a part time gig for 1/3 of what I made in my so called good job when I had one to the age of 52...57 now.
I live in Toronto Ontario and we have plenty of minimum wage jobs.
I'm in the worst demographic as I am a white male in my 50's.....Sorry I'm not PC.
But I did not wait for mommy government to change my diapers like some folks. I got busy learning to pull money from the internet(and offline) which is another way to do it.
I also think half this city and province works for some level of government which is one of our biggest problems....but it keeps growing everywhere.


Sorry to hear this.

But this is reality hitting Canada a bit delayed. Ask a guy in the US? your age; better yet ask anyone in Italy, Spain, EU what all this means.

No comfort here but Canada is on a bit of a delay switch. it is coming and has already hit you.

No advice except get creative. Go online and look for private contracts that are available due to the government privatizing.
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#23236
Re: Canada has HUGE job-loss in March 1 Year, 7 Months ago Karma: 38
bigman wrote:
Oh ya it feels bad here also since I work a part time gig for 1/3 of what I made in my so called good job when I had one to the age of 52...57 now.
I live in Toronto Ontario and we have plenty of minimum wage jobs.
I'm in the worst demographic as I am a white male in my 50's.....Sorry I'm not PC.
But I did not wait for mommy government to change my diapers like some folks. I got busy learning to pull money from the internet(and offline) which is another way to do it.
I also think half this city and province works for some level of government which is one of our biggest problems....but it keeps growing everywhere.


Without getting too personal. Governments are selling off resources.

They are looking to privatize services.

You can still make a decent living if you can bid a contract.
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#23237
Re: Canada has HUGE job-loss in March 1 Year, 7 Months ago Karma: 38
bigman wrote:
Not sure where the "right wing kool-aid" comes in....although I do not like the touchy feely left crowd I will admit.
I do though agree with all you say below...it is minipulated by certain cartels along with governments no question.


This understanding does not help you or your family.

I reiterate. Gov't is privatizing and selling off our birthright in terms of "ownership" of public assets.

Bid a contract and set your price.
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#23254
Re: Canada has HUGE job-loss in March 1 Year, 7 Months ago Karma: 266
zooey wrote:
bigman wrote:
Oh ya it feels bad here also since I work a part time gig for 1/3 of what I made in my so called good job when I had one to the age of 52...57 now.
I live in Toronto Ontario and we have plenty of minimum wage jobs.
I'm in the worst demographic as I am a white male in my 50's.....Sorry I'm not PC.
But I did not wait for mommy government to change my diapers like some folks. I got busy learning to pull money from the internet(and offline) which is another way to do it.
I also think half this city and province works for some level of government which is one of our biggest problems....but it keeps growing everywhere.


Sorry to hear this.

But this is reality hitting Canada a bit delayed. Ask a guy in the US? your age; better yet ask anyone in Italy, Spain, EU what all this means.

No comfort here but Canada is on a bit of a delay switch. it is coming and has already hit you.

No advice except get creative. Go online and look for private contracts that are available due to the government privatizing.



Indeed. When I began my own writing ("crusade" - lol?), and ever since; my commentaries have obviously tilted toward examining what was taking place in the U.S. -- despite being a Canadian on an officially "Canadian" website.

When some readers discovered I was Canadian; several queried me as to why a Canadian would be writing with so much interest (and passion) on American "issues" (i.e. crimes). My response has always been the same:

I'm trying to spread the word Down There, because it's only a matter of time until EVERYTHING being done to you will be done to us -- Up Here.


Ironically, it's very similar to the reasoning of George Bush Junior; when he famously announced he was "fighting the Terrorists over there so we don't have to fight them over here."



Hopefully most (all?) readers here understand the very large distinction in the QUALITY of logic used by myself versus Junior's "logic". Predicting that the same Wall Street Vampires robbing Americans by going "point and click" would soon start robbing Canadians by going "point and click" (along with their fellow Canadian Banksters) is somewhat more plausible than arguing that a handful of "terrorists hiding in caves" were somehow going to "come over here" and overthrow our societies.

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#23255
Re: Canada has HUGE job-loss in March 1 Year, 7 Months ago Karma: 266
zooey wrote:
bigman wrote:
Not sure where the "right wing kool-aid" comes in....although I do not like the touchy feely left crowd I will admit.
I do though agree with all you say below...it is minipulated by certain cartels along with governments no question.


This understanding does not help you or your family.

I reiterate. Gov't is privatizing and selling off our birthright in terms of "ownership" of public assets.

Bid a contract and set your price.



The other important point here is that there are solutions for all of our economic problems which involve minimal pain for ordinary people -- but somewhat "greater pain" (i.e. losing their Wealth and/or Power) for the politicians and bankers who have perpetrated all of this (on behalf of their Oligarch Masters).

Our suffering is not only being prolonged but greatly amplified solely to DELAY those who are TOTALLY responsible for all of our problems form being held PARTIALLY accountable.


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