Newfoundland & Labrador Faces Huge Debt – Government Spending & Central Planning Gone Wild
Josh Sigurdson talks with author and economic analyst John Sneisen about the massive debt and deficit in Newfoundland & Labrador that’s growing by an exponential rate daily. Currently Newfoundland and Labrador are in second place of all Canadian provinces and territories for debt. With a 10.6 billion dollar debt that equals out to $20,149 a person, it’s important to break down why this has happened and what it means.
Of course as per usual we touch on both government spending and how regulations and legislation leads to government monopolization as well as talking about how the monetary system enslaves us. Those two factors make sure that people are enslaved with debt as currency (monopoly money) is printed out of thin air, creating debt, devaluing the dollar and leading to inflation which leads to poverty. It’s not a difficult concept to understand.
We break down several issues plaguing Newfoundland and Labrador among other provinces and countries.
Stay tuned for more!
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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