The public is being taken for a ride by basically everyone within the retail-manufacturing sectors

BY STEVEN KASZAB

The inflation rate remains relatively high at 5.2% but it has declined reasonably since the interest rates began to rock and roll upwards.

Will the decision be made to raise rates further or drop them? America will be increasing their rates in an effort to quell their own inflation, and it appears that our government will follow suit. A Federal election may well be announced once the inflation rate in Canada has halved itself. Interest rates will be allowed to decline, and the public will show their support for the Liberals in kind.

More importantly, why are prices still extremely high while inflation continues to drop? Greed and shrinkflation of course. Any manufacturer knows the marketplace in Canada and the US has rebounded since mid-summer 2022. Supply chain problems aside, the decline of needed products that once were earmarked for North American markets have been redirected to China and India.

Products within the retail sector have gone up in price while the product has been reduced in size. After 2020-2021, most retailers did increase their prices, realizing that our markets were prepared to purchase what was needed, so they retained their higher prices until forced to change their pricing structure.

Has this increase in slowing the economy worked? North America’s economy has been booming since mid-summer 2022. Growth rates in the US show promise, and Canada’s economy has benefited from the boom to the south. America’s President Biden continues to sell its America First purchasing policy putting Canada’s Liberal Government into a fear fest spin. Trump’s “Make America Great Again” has been followed by Biden’s “Purchase American 1st.”  Federal agencies must purchase American manufactured products and services first, before giving foreign firms a chance to bid. Canada’s begun to apply taxes upon various products in an effort to pay down their massive public debt. Beer and most forms of booze and other items that fall into the luxury tax sector are being targeted.

Have you noticed that most media outlets have refused to offer any clarity with regards to higher prices and inflation? Why are prices so high? Most so-called specialists claim various reasons why, while others insist grocers are not making loads of money, surviving on a 2-4% profit margin.

Would it not be nice to see a media broadcaster or journalist come out with something like this…

“The public is being taken for a ride by basically everyone within the retail-manufacturing sectors.”

“It’s a greedy baby, with a side of massive profiteering.”

Canadian and US corporations are taking our funds to the bank, and we are letting them do so.

The government is so comfortable that it will pursue a policy of taxation which strikes at the most vulnerable, our elderly, who also have within their bank accounts 3.2 trillion Canadian and much more in America. The average Canadian boomer is worth $206,000 and the government and many corporations want some of that.

Like Premier Ford said last year, “Ontario is back in business,”

Why do our governments allow corporations to blind us with advertising propaganda while their hands are in our pockets, robbing us blind? The very basics of food stuffs, energy demands, housing needs are pushing many towards a credit crisis never seen before. If the public fails, so to their public governments.