“Mansion-dwelling aristocrats” are benefitting, while the rest of Canadians struggle with higher prices.
Conservative jobs & industry critic Pierre Poilievre is one of the few politicians addressing the underlying problems facing Canada’s economy, including the out-of-control money printing of the Bank of Canada.
In a series of Tweets, Poilievre ripped the Bank of Canada, and pointed out how absurd it is that housing prices keep going up:
“The Bank of Canada’s money printing has inflated the wealth of mansion-dwelling aristocrats while driving up food and housing prices for everyone else.”
The Bank of Canada’s money printing has inflated the wealth of mansion-dwelling aristocrats while driving up food and housing prices for everyone else. pic.twitter.com/tni9pfvo78
— Pierre Poilievre (@PierrePoilievre) March 18, 2021
“So GDP drops $100B (reducing the earnings people use to buy houses) & population growth plummets (reducing the number of new buyers). And yet, real estate prices… balloon. How long until this bubble economy bursts?”
So GDP drops $100B (reducing the earnings people use to buy houses) & population growth plummets (reducing the number of new buyers). And yet, real estate prices… balloon.
How long until this bubble economy bursts?https://t.co/l2uW5vIIHg
— pierrepoilievre (@PierrePoilievre) March 18, 2021
The fact is, true wealth cannot be created by simply printing more money.
With Canada’s productivity struggling, debt ballooning, and a federal government that imposes policies that often restricts, rather than promotes, GDP growth, our country is being put further and further into a dangerous financial situation.
Spencer Fernando
