Canada go home, China is my new best friend.
>>59658913Canada is fucking done.
Canada's collapse and absorption into the American empire is now inevitable
>>59658941Oh fucking God I hope so. Canada will not survive any longer since their GDP under Trudea's government is tied to fucking Real Estate that's about to crash.
>>59658949>Real Estate that's about to crashI hope so, there are some houses around here I'd love to pick up for cheap.
>>59658949>their GDP under Trudea's government is tied to fucking Real EstateReal estate is only 13% of the GDP in Canada.
>>59658949>>59658997>Real Estate that's about to crash.Tariffs will make houses cost even more since they're the only real assets in this country, we're about to be the new mexico.Our currency will be essentially Canadian pesos, and USD will buy 25% more house.
>>59658913How do tariffs work? They charge Canada a business tax for them importing goods? So then Canada can just counter the tariff by raising cost of their goods rendering any tariff obsolete
>>59659052>How do tariffs work?When goods from Canada enter U.S. ports, importers or their customs brokers would need to declare the origin of the goods on customs forms. This declaration would trigger the application of the new tariff.Trumptards don't realize that AMERICAN IMPORTERS pay the 25% tarrif, not Canadians, kek.
>>59659040And this is why if you're not investing in BTC, you literally put your money in USD or boomer rocks. The Canadian dollars will turn into the Canadian version of the Zimbabwe Dollars in 5 years at the most. That is if PP isn't elected and he fucking fixes the insane tax rate this country has on top of opening those oil pipes
>>59659063>Trumptards don't realize that AMERICAN IMPORTERS pay the 25% tarrif, not Canadians, kek.literally the midwit meme>importers pay the 25% tarrif >increase prices for americans>customers look at the 2 products>"hmm do i want to pay $1.25 for canadian shit or $1 for american shit"?>they pick american>canada industry loses all customers>cad value plummets as there's less demand for canadian goods>>59659069this, probably not as bad as zimbabwe but it's not going to be goodPP is going to win, but he's a snake and will fuck this country nearly as hard and in different ways in the end
>>59659063what's it matter who writes the check? importers will call their wholesalers and say "we're gonna need you to lower those prices 25%" and they will. Or they won't and the products won't be imported and the middle men will go out of business.
>>59659158What sucks is that I keep telling this to my family and they keep laughing at me and tell me they would look into it and then do nothing. They like seeing the $$ in their banks even though the buying power of those $$ literally lost what? 30% buying power now in the past 4 years? I found $10 in my PSVita container that I probably kept there over 10 years ago and I just took and and spent it. That $10 lost so much value. I could have bought maybe 3 or 4 Mcdoubles and a $1 drink back then but me keeping that $10 would only get me 2 Mcdoubles now.
>>59659069>The Canadian dollars will turn into the Canadian version of the Zimbabwe Dollars in 5 years at the most.Oh stop being dramatic. The Canadian chamber of congress estimates a 25% tarriff would lead to a 2.5% contraction in Canada's GDP over 2 years if implemented, which translates to $1,900 per person annually. Literally peanuts unless you are poor as fuck.
>>59659200Yes and according to Justin CasTrudeau, the budget will balance itself.
>>59658941Why? Canada is basically California on meth, democrats would win every election for the next thousand years
>>59659197Yeah, I don't know how anyone can hold CAD and expect it to hold value going forward unless they think there will be huge deflation. Just looking at the past 5, 10, 20 years of its purchasing power compared to anything else it's clear CAD is a losing hold.>they keep laughing at me and tell me they would look into it and then do nothingIn my experience when people act that they need specific steps and they're afraid of looking retarded. If that's the case, just tell them to open a wealthsimple account and move money from their bank into their roboadvisor investment funds, they'll probably do far better than CAD long term, and it will at least give them a starting point to explore more.
>>59659158That's the theory but it never has turned out that way. The real reason for the American loss of industry is because companies would be forced to pay a living wage to their employees since slavery is illegal. So companies outsource cheap labor they don't have to pay to keep costs down and line the shareholders pockets. They'll just use a bunch of legal fuckery to get around the tarrifs and cost of goods will rise with no impact on jobsYou vill own NOTHING and you VILL be happy
>>59658913>doesn't understand what tariffs do>creates even more inflationGood job, you fat nigger.>>59659158Before tariffs:>"Hmm do I want to pay $0.75 for Canadian shit or $1 for American shit?">they pick CanadianAfter tariffs:>"Hmm do I want to pay $1.25 for Canadian shit or $1 for American shit?">they pick American>now their products cost 33% moreThe Canadian economy taking a hit will ironically lead to lower exports to Canada since nobody there will be able to afford our products. Everyone loses.
>>59658949>25% Tariffs in February >Carbon tax goes up again in April >Gas and groceries go up another 25-30% as a resultIt’s so over canabros
>>59659251>implying they'd have voting rights
>>59659158>>"hmm do i want to pay $1.25 for canadian shit or $1 for american shit"?lmao why do you automatically assume the american version of the product would be cheaper?What if the american version is 2 dollars and the canadian version is 1 dollar ?
>>59659755it's a contrived example to demonstrate that prices for canadian goods would increase, which would sway customers/businesses to prefer non-canadian goods.retard
