Friday, October 31st10.2°C
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Economics Made Easy

Canada should mind its own beeswax

I’m not sure if you are up to date on what is going on in the Ukraine, but here’s a quick break down. Crimea, which is an autonomous republic in the southern region of the Ukraine, has elected a new government and has held a referendum which resulted in the people wanting to join the Russian federation. The US and Europe do not like this as they want to enslave the Ukraine into the Eurozone. As the lap dog of our US overlord, Canada has chimed in about this democratic election and refuses to acknowledge it. (Personally I think this is about as pointless as refusing to acknowledge gravity).  Furthermore our Foreign Affairs Minister John Baird announced that we Canadians will give $220 million of Canadian Tax Payers’ money to the Ukraine. Somehow this is supposed to show our support for the Ukraine and prop up their economy. (We’ve seen how well that works over the past few years as government balance sheets explode and the economy continues to shrink). Let’s get back to this $220 million that Baird is giving to the Ukraine. Did I miss the referendum on this? Did I sleep through the day that the Canadian federal government asked the people of Canada if they agreed to hand over their hard earned money to the Ukraine? Of course not. Because our Canadian politicians no longer answer to us, “They dictate to us!!” We have become the 51st state. We have taken a page out of the US doctrine on domestic and foreign policy. Our politicians ignore the citizens that they supposedly represent and they poke their political and military noses in places that they do not belong. The US has been doing this for 60 years and look what it has gotten them. Millions of US casualties, trillions of dollars of debt and an earned hatred around the world. Canada was once a nation of peace keepers. We are now the lap dog of the US and we kick the hornets’ nest whenever our US bosses tell us to.

We are starting to see a pattern here. About six months ago John Baird was shooting his mouth off about how we had to get involved in Syrian domestic politics. Now once again Mr. Baird is mouthing off about Crimea and telling the world that he speaks on behalf of all Canadians and that we must interfere with the sovereign domestic policy of the Ukraine (I know a neighbor to the south who does the same sort of thing). The US does not like Crimea joining the Russian federation because it weakens US influence in that area, it could threaten the US dollar and limit US access to the oil and gas rich reserves of the Black Sea which surrounds Crimea. Crimea provides Russia with its only warm water port year round and has a long political and economic relationship with Russia. Also 60% of Crimea’s population speaks Russian. Last week the new Crimean government conducted a referendum to ask the people of Crimea if they would rather ally with Russia or the European Union. (Maybe you should take note of this John. They actually asked their people what they wanted. Maybe Mr. Baird should give that a try sometime?) The truth of the matter is Baird is instructed to support the side that Obama tells him to support. Once again this is not about helping the people of the Ukraine: It’s about pursuing US Interest in a distant region. I would also like to know why it is that Mr. Baird feels it necessary to provide the Ukraine with a $220 million dollar loan that will never be repaid. Out of 193 nations around the world, the Ukraine has the 52nd strongest economy. The Ukraine has a stronger economy than that of New Zealand. I don’t see us sending money to New Zealand.

But at the end of the day, who really cares about what goes on in the Ukraine? It doesn’t actually affect you and me does it? Well $220 million dollars collected from Canadian tax payers like you and I will soon be leaving this country to promote “democracy” in the Ukraine. This is John Bairds’ exact wording. Now I’ve been a student of economics for 20 years and never once have I seen a correlation between possessing money and democracy. If these two entities were truly connected then Saudi Arabia should be the most democratic place on earth. Now the last time I checked there wasn’t an ounce of democracy to be found in Saudi Arabia. This is a country run and owned by a royal family. Maybe that’s the kind of democracy John Baird wants to bring to the Ukraine? Is it John?

What burns my muffins even more is as I drove to work last Friday I heard a report that an anonymous donation was made to KGH in the amount of 3 million dollars. This is wonderful and heart lifting news. Apparently KGH is conducting a funding drive to raise $12 million for new operating facilities. Now there’s a worthy expenditure of money. Just imagine how far $220 would go to providing improved health care at KGH. Once again I draw your attention to the manner in which our politicians piss away our savings and money to further personal relations and political gain.

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About the Author

Derrick Nicholson is a Currency Strategist.  He has been in the industry for the past 20 years.  He specializes in mitigating currency risk for companies doing business outside of Canada.

Questions and inquiries can be directed to Derrick at [email protected].

 




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The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet presents its columns "as is" and does not warrant the contents.


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