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Opinion

INTEREST RATE SHOCK

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Interest Rate Shock

Open Letter to The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance

January 4, 2021

FOR IMMEDIATE RELEASE

Red Deer – Mountain View, AB

The economic collapse as a result of COVID-19 lockdown measures has pushed the real interest rate to record lows. This rate however, is very misleading given our current economic environment.

  1. Baby boomers are retiring and are reducing the pool of available investable funds.
  2. Reduced number of people in the workforce will result in higher wage demands.
  3. Inevitable higher taxes required to repay significant debt brought on by lockdowns.
  4. High likelihood of reduced outsourcing in order to protect domestic supply chains.
  5. An economic plan that focuses on “green” incentives and destroys Canada’s oil and gas industry.
  6. Inflated housing prices across Canada despite a poor economic outlook.
  7. High consumer debt levels pre-COVID-19.
  8. Long running Bank of Canada policy which encourages consumption over investment.

Your government has indicated that it is considering adding an additional $100 billion in stimulus spending once the “virus is under control”. As the Canadian economy is already flooded with record government spending, the potential for inflation is very real.

Considering the above, the return of high interest rates, as seen in the 1980’s, is entirely possible. While we may not see record high mortgage rates of 21.46% as posted in August 1981, even small increases in rates could result in significant interest rate shock for many Canadians.

Increases in inflation and interest rates would impact low-income families most adversely. Most notably, these individuals may struggle to pay for food, shelter and healthcare, all of which are basic necessities.

COVID-19 has already resulted in the biggest transfer of wealth in human history. I am strongly urging you to end the pursuit of a “green economy” and commit to a drastic reduction in red tape to allow the private sector to begin generating wealth, something the government is only able to redistribute.

Sincerely,

Jared Pilon

Candidate for Red Deer – Mountain View, AB

[email protected]

https://www.jaredpilon.com/

I have recently made the decision to seek nomination as a candidate in the federal electoral district of Red Deer - Mountain View. As a Chartered Professional Accountant (CPA), I directly see the negative impacts of government policy on business owners and most notably, their families. This has never been more evident than in 2020. Through a common sense focus and a passion for bringing people together on common ground, I will work to help bring prosperity to the riding of Red Deer – Mountain View and Canada. I am hoping to be able to share my election campaign with your viewers/readers. Feel free to touch base with me at the email listed below or at jaredpilon.com. Thanks.

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MLA should read M.I.A. Will our MLAs ever report for duty?

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The Keystone pipeline is reportedly being cancelled. The pipeline that our province invested billions in with billions of loan guarantees.  If President Biden does cancel as he indicated this Wednesday that could cost every resident in Alberta over $1500, added that to the $1,000 every resident spent on corporate tax cuts, means every resident spent $2500 on futile ideological government missteps.

Did anybody have any say in this? No. Our MLAs never spoke up.

Speaking of MLAs not speaking up, or not representing their constituents, Slave Lake is not the only one. Calgary, Lethbridge, Red Deer and Wood Buffalo needed their absent MLAs when they tried to protect their emergency dispatch services recently. Like Slave Lake they had to by-pass their vacationing MLAs and appeal directly to the Premier. But to no avail.

Our Premier has blinders on to Alberta in the 21 Century, with his ideological plans that only seem to hurt and cost the citizens while benefiting the corporate elite. The Premier who had his hand out to Prime Minister Trudeau for money to pay party workers. The Premier who cut services, raised fees, brought in tax creep, caused insurance to increase, tax revenue to decrease, laid off tens of thousands, attacked doctors, nurses, teachers, parks, environment, municipalities, and every resident in Alberta’s wallets. Not a peep from our MLAs.

Our Premier who operates out of Redford’s infamous Sky Palace, lost almost 2 billion in accounting errors, invested poorly, cancelled rail programs, fought diversification, focused on oil and gas and has sunk to 16% in some polls.

When will our MLAs step up to the plate?

Too late for our dispatch services.

Too late for wasted corporate tax breaks.

Too late for Keystone.

Too late for many Covid 19 patients.

Can the MLAs redeem themselves? Do they even want to?

Just asking.

This story was originally published on January 17th, 2021.

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Opinion

RAGING FIRES, BUILDING BRIDGES

Published on

RAGING FIRES, BUILDING BRIDGES

Open Letter to Canadians

January 11, 2021

FOR IMMEDIATE RELEASE

Red Deer – Mountain View, AB

“We’ve been conditioned to think that only politicians can solve our problems. But at some point, maybe we will wake-up and recognize that it was the politicians who created our problems.”

“We, the American people are not each other’s enemies. The enemies are those people behind the curtain jerking everybody’s chains and trying to divide us up by age, by race, by income.”

  • Ben Carson, a retired neurosurgeon and a 2016 Republican Party presidential candidate.

While the quotes are tailored to the American political climate, both should resonate with Canadians.

Many Canadian politicians have stated their shock in response to the events that unfolded in Washington, DC on January 7, 2021. Sadly, anyone paying attention to American political discourse over the past number of years likely isn’t surprised.

Right vs. left. Conservative vs. Liberal. Poor vs. rich. Black vs. white. Old vs. young. Identity politics has become mainstream in recent years. What happen to the term “Canadians”?

Each time a crisis unfolds, politicians are quick to stoke the flames of division. Sides are drawn, guards put up and the fires rage out of control. A political system rooted in division benefits no one and is not sustainable in the long-term. In this political climate, we all lose.

We have given up a significant amount of autonomy and freedom over the past year in the name of the “greater good”. But have we stopped to ask why politicians are in a better place than us to make decisions that impact our families?

Reliance on government to make personal decisions and provide basic necessities is detrimental to our society. It creates a culture of dependence, increases corporate lobbying and results in larger, more inefficient government. It creates winners and losers and further stokes raging fires. Politicians leverage this division to maintain power. This needs to change if we are to regain trust within our communities and return to prosperity.

The backbone of a prosperous society is freedom of speech and debate. We cannot look to silence those whose opinions we disagree with.

Instead, we must bring all ideas to the table and rationally determine which ideas bring the most benefit to the largest number of Canadians.

We must embrace our differences and learn that there is no single path to success. It is through a balanced approached that we will find solutions to our most challenging problems.

We must learn to build bridges. To meet on common ground. To think of others.

We must realize that no one political party or politician is our saviour. The problems we face can be defeated through our own merits. We do not need government to solve our problems, we are born with that inherent capacity.

How can we accomplish this? How can we tackle all of the major problems that plague this country?

Self-reliance and personal responsibility.

We all have talents and abilities to be contributing and successful members of Canada. We do not need government to dictate the path we take. We do not require approval of establishment politicians in order to decide what is best for ourselves and our families. We are free citizens of a free nation and we can succeed if we come together.

The road forward is not easy. The devastation many have seen over the past year will not soon be forgotten or repaired. Now is not the time for economic experiments or utopian dreams.

We must be grounded in the principles that have benefited us in the past; hard work, innovation, determination and a spirit of resiliency. We must expect the same from our elected leaders.

Canada is the greatest nation on earth. But this badge of honour does not come without hard work and sacrifice. Together, we can overcome the challenges we face and the obstacles in our path. We can calm raging fires. We can build bridges.

In closing, I urge Canadians to come together. To realize that your neighbours’ success is ultimately your success. When Western Canada prospers, Eastern Canada prospers and vice versa. We are all inter-connected and interdependent. We are Canadians.

Sincerely,

Jared Pilon

Candidate for Red Deer – Mountain View, AB

https://www.jaredpilon.com/

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