Canada's main export, FLO (Fucking Leaf Oil) which comprises 10% of Leaf's GDP is now trading at negative prices every day. There is no place to store it and Canada's Alberta Energy minister wants to burn production but environmentalists are flipping out, so they will have to shut in wells, which will cost tens of billions and take years to restart, and most wells once shut it cannot be restarted.
Things aren't looking good for Canada. Canada already had a debt/GDP ratio in excess of 350% (one of the highest in the world), and Trudeau has already printed $300B+ the last few weeks and is printing more everyday. Considering Canada's GDP is down 30-50% and unemployment is around 50% (7M Canadians receive the CERB benefit out of 15M workers, meaning they have no job or very little income).
And of course, the in-store prices will continue to skyrocket.
> you’ve got groceries to buy tonight, be prepared for mega-lines. Just days after the city’s first case of COVID-19 was diagnosed, it seems panic buying in Ottawa is getting serious. As shelves are emptied and toilet paper is scarce, locals are taking to social media to share their experiences.
>While scenes in the capital had initially appeared relatively calm in the aftermath of the novel coronavirus outbreak in Canada, it seems that things have finally taken a turn for the worse.
>Just days after the city’s first case was officially diagnosed, locals are buying-out supplies of hand sanitizer, toilet paper and even bottled water.
>In both Loblaws and Walmart’s South Keys locations, customers were lined up around the store, after stocking their carts with non-perishable foods and cleaning supplies.
>For those looking for toilet paper, it was a sorry scene.
>With absolutely no toilet paper in either store, frustrated individuals were stocking up on kitchen towel and packets of tissues, instead.
Peter Zeihan thinks Alberta might end up being a US state within a few decades. I think he might be right.
Robert Thompson
>begs to be bailed out Or maybe they just want their fucking money back from Quebec and Ontario Gonna laugh at the fucking East when it comes time for equalization and there's no money to give Fuckin Eastern faggot
Zachary James
>In fact, items such as yeast, milk, flour, eggs, and even chocolate chips have suddenly become notoriously hard to get hold of.
>If that wasn’t enough, there’s also reported shortages of pasta, salt and pepper, paper towels, and dish soap.
Lmao fuck debt Come collect it pussies you won't make it through Manitoba
Nicholas Scott
Canada has no money. Trudeau has printed so much money and the BoC has printed so much CAD that S&P and Moody's will be downgrading your debt from your prized AAA (only Canada and Germany have AAA debt rating in the G7). Once that happens your dollar will collapse.
That's why your dollar will collapse, nobody will want to touch your worthless currency or buy your worthless debt.
But what you should worry about is when the gibs run out for your 20M 3rd world shitskins. These are 50 IQ savages whose main impulses are theft, rape and murder.
You were 49% White in 2019, 53% in 2016, if the gibs get cut off they will rob/kill and rape your women in packs Mogadishu style.
And I'm not worried at all. Everyone in the prairies is fine and will be fine. After Stanley got fucked nobody is gonna open their mouth when some dumbass looter catches a bullet.
Lincoln Gonzalez
Oh you changed to a fucking faggot flag before changing it back You still have the same ID, you new here?
Charles Morgan
How much are your chicken prices? $40/kg now?
Erna the Food Dom needs her 0.1% lifestyle while you pay $10 a chicken breast.
Why don't they just flare that oil off? They'll be better off in the long term, a time of crisis is no time to pander to environmentalists, it's about survival
Charles Price
The oil here is also extremely expensive to extract. The cheapest it can be is about $25/barrel and that leaves only 1 company capable of extracting for that price. Normally oil needs to be $50+/barrel to make any money. If they diversified the economy during the oil boom things might not be so bad though. There was only one chance at it and they blew it though.
Lucas Brooks
Canada now has over 50K confirmed Corona Virus cases.
Quebec is estimated to have 1 in 100 infected by May 5th.
It was to ease construction of certain major oil projects to create jobs. But nothing actually happened as far as I'm aware. Oil companies are too far gone now.
