Fueling the Flames: The Apparent Factors Behind Inflation
So, what caused this surprise inflation party? Well, there are a few factors at play.
One culprit is rising energy prices. Whether it’s filling up your gas tank or heating your home, energy costs have been soaring, leaving Canadians feeling the pinch.
Two, the Canadian government can’t seem to STOP RUNNING EPIC DEFICITS…these deficits stoke inflation and put the country further in debt to the international criminal banking organizations. And don’t tell me that when we go into debt, “it’s only being in debt to ourselves”. It’s not. If that were the case, to whom do we pay $40 billion + in annual interest? It’s the government boondoggle that no one ever talks about…and it happens every year.
Lastly…this confounding quote comes from the recent Financial Post article titled, “Risk of rate hike rises: What economists say about Canada’s inflation surprise” It states:
“The national data agency (Statistics Canada) attributed most of the increase (in the CPI) to higher rents and a rise in the cost of mortgages which soared 28.5 per cent from last year as more homeowners renewed at higher rates.”
So…The Financial Post is expecting me to believe that inflation in Canada is mostly rising due to the high cost of mortgages. But…high mortgage costs are a direct result of higher interest rates. Wait, I thought the interest rates have been rising since the spring of 2022 to STOP inflation…not cause more of it?
That’s a spin doctor circle jerk that no critical thinker should accept as logic.