Trudeau government financial fraud

Every Canadian should read this It is important and very worthwhile!

Peter Brown is the founder of one of Canada largest brokerage firms and as such, has access to good research and key economic data and I think he used to be a Liberal. Peter Brown - Founder Canaccord - Letter in Globe and Mail Interesting reading before casting a vote in the upcoming election.....a view from the West. I am a fourth-generation Canadian who has lived in Vancouver for most of my almost 80 years. I have always believed that I resided in a place that represents the world’s best geography: one of the largest land masses, thinly populated, resource-rich. It is next to the world’s most powerful nation and yet far enough from the squabbles of Europe and the travesty that is occurring in the Middle East. We are also among the freest countries in the world, including freedom of religion, assembly, movement and trade. Considering our preferred positioning, Canadians should ask themselves a few questions. Why is investment rapidly fleeing Canada? Consider that in the past five years, the amount of Canadian business capital invested abroad has exceeded the amount of foreign capital invested into Canada by more than $150-billion. Why is economic growth so low? The average annual rate of economic growth since the Liberals formed government is 1.8 per cent – barely above population growth – and the Bank of Canada projects an annual GDP growth of just 1.3 per cent this year. Why are politicians celebrating disastrous job numbers? While Statistics Canada announced more than 80,000 new jobs last month, nearly three-quarters were part time, with full-time employment actually decreasing by 7,500 jobs for those over 25. Worse still, nearly 35,000 women lost full-time employment. Internationally, because of respect earned over a century, Canada belongs to many international organizations such as the British Commonwealth, NATO, G8, G20 and the Organization of American States. As a result, when we have a respected and qualified prime minister attending, we are able to punch above our weight and contribute positively to the discussions of the day, to the pride of Canadians. (To include examples from both major political parties, take Lester Pearson and Brian Mulroney.) Unfortunately, our present foreign affairs team seems to have failed to perform to traditional standards and, in the case of India, brought Canadians ridicule and embarrassment. Our leader’s recent international contributions seem to have denigrated our nation in the eyes of many in the global community. With all our natural advantages, Canadians are seemingly mismanaging a wonderful opportunity. Our citizens are Canada’s shareholders, and clearly they should vote for a change at the top so we can restore our economy, our unity and our spirit. Peter M. Brown Founder, Canaccord Genuity; Vancouver Budgets do not “balance themselves” as Justin Trudeau seems to think but thinking of taking more again from the elderly and veterans when you have already stolen much of what they entrusted to you to invest for them is unconscionable. Pierre Elliot Trudeau took what used to be segregated retirement funds , saying they were overfunded, and spent them as general revenue for the government. Mis-management and Liberal Financial policy are seemingly synonymous. I don’t know who wrote this addendum below but it looks fairly accurate. The 1% talked about below is very minimal and in reality should have been greater than 5% annually. The Canada Pension cheque is now (or soon will be) referred to as a "Federal Benefit Payment?" I'll be part of the one percent to forward this. I am forwarding it because it touches a nerve in me, and I hope it will in you. Please keep passing it on until everyone in our country has read it. The government is now referring to our Canada Pension checks as a "Federal Benefit Payment." This isn't a benefit. It is our money paid out of our earned income! Not only did we all contribute to our pension but our employers did too. It totalled 15% of our income before taxes. If you averaged $30K per year over your working life, that's close to $180,000 invested in pension. If you calculate the future value of your monthly investment in a pension ($375/month, including both you and your employers contributions) at a meagre 1% interest rate compounded monthly, after 40 years of working you'd have more than $1.3+ million dollars saved! This is your personal investment. Upon retirement, if you took out only 3% per year, you'd receive $39,318 per year, or $3,277 per month. That's almost three times more than today's average Old Age Pension benefit of $1,230 per month. And your retirement fund would last more than 33 years (until you're 98 if you retire at age 65)! I can only imagine how much better most average-income people could live in retirement if our government had just invested our money in low-risk interest-earning accounts. Instead, the folks in Ottawa pulled off a bigger "Ponzi scheme" than Bernie Madoff ever did. They took our money and used it elsewhere. They forgot (oh yes, they knew) that it was OUR money they were taking. They didn't have a referendum to ask us if we wanted to lend the money to them. And they didn't pay interest on the debt they assumed. And recently they've told us that the money won't support us for very much longer. But is it our fault they misused our investments? And now, to add insult to injury, they're calling it a "benefit", as if we never worked to earn every penny of it. Just because they borrowed the money doesn't mean that our investments were a charity! Let's take a stand. We have earned our right to our pensions. Demand that our MP's bring some sense into our government. Find a way to keep Canada Pension going for the sake of that 92% of our population who need it. Then call it what it is: Our Earned Retirement Income. 99% of people won't SHARE this. Will you? Searle Inaction due to the fear of failure .....is failure.

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