PJ The Belt - Canada ERUPTS as Country Goes BANKRUPT

00:00:00.000 holy crap guys the economic and financial outlook in canada has become so dire that the

00:00:07.840 parliamentary budget officer which is basically the government's accountant the bookkeeper has

00:00:15.120 been sounding the alarm over the past 24 hours this guy was so dumbfounded and worried about

00:00:21.680 the canadian economic outlook that he just kept saying how unsustainable things are looking again

00:00:28.800 this is a guy who the government appoints to look at the books look at the budgets look at the

00:00:36.000 financial health of the country and he just keeps saying that canada may not have two years to course

00:00:44.000 correct that's just how bad the situation is skyrocketing debt tanking gdp per capita because

00:00:51.440 that's the thing the liberals keep using this whole gdp thing which they keep artificially

00:00:58.160 increasing with mass immigration you bring in more people the gdp goes up but what they don't

00:01:04.720 tell you about that particular practice is that it's all artificial because what matters in reality

00:01:10.400 is gdp per capita just 10 years ago gdp per capita in canada was actually par or higher than the united

00:01:18.560 states citizens of canada were among some of the wealthiest in the world just a short 10 years ago

00:01:24.800 but now gdp per capita has dropped dramatically and again this is coming from the parliamentary

00:01:31.120 budget officer this is not just anybody talking this is a guy who has access to the books

00:01:36.960 he has access to all financial statements to every loan that the government is taking to the the revenue

00:01:46.400 that the country is generating and he just kept repeating the words unsustainable shocking to

00:01:53.520 describe the current financial situation in canada if that doesn't say just how bad things are going up

00:02:01.360 up north i don't know what does watch if you support these videos please like and subscribe i appreciate it

00:02:09.360 the public debt charges is 53.6 billion dollars and that projection is going to increase to in 2030

00:02:18.880 to 82.4 billion dollars is that sustainable um every dollar spent that on debt is a dollar that is not

00:02:28.640 spent um elsewhere again how alarming is that for for the average canadian for the taxpayer because there

00:02:33.680 is only one taxpayer right it should be very alarming right these these are i don't know i think i used

00:02:41.120 the words in french and which the translators probably got really well like stupefying shocking

00:02:48.160 right this is not like it's not a it's it's not it's not a it's not a it's not a it's not a funny fiscal

00:02:55.360 outlook it's it's a really serious fiscal outlook it's and we don't lightly use the word

00:03:03.440 unsustainable right unsustainable means you don't have the option of saying maybe i'll wait a couple

00:03:13.200 of years i'll see how things go it means if you don't change this is done still working out the kicks

00:03:20.880 uh with respect with it thank you for your question uh to answer i think the most important part of the

00:03:27.760 question first i think everybody should be concerned uh it's a real my jokes aside uh it's a really

00:03:38.320 serious day right this is the first time in 30 years that we've tabled uh an economic and fiscal

00:03:44.240 outlook where the fiscal anchor of the general and probably most important fiscal anchor for any

00:03:50.320 government is a declining or at least stable debt to gdp ratio

00:03:54.560 uh and this is the first time in 30 years that i've seen one in which that ratio is going up over

00:04:00.480 time so that's definitely a that's definitely a cause for concern certainly on our end uh we're

00:04:07.680 hoping and certainly expecting the government as part of budget 2025 to clearly indicate what the

00:04:14.160 government plans to do to address this uh and potentially uh address this problem because

00:04:20.800 it's certainly not sustainable canada is on the edge of recession as exports crash

00:04:26.960 while their new globalist prime minister looks for new fights to pick with donald trump so it crashes

00:04:32.080 harder the numbers come from stats canada who reports the economy contracted by an annualized

00:04:36.960 one point six percent last quarter driven by an annualized 27 percent drop in exports business

00:04:44.400 investment fell on annualized 10.1 percent last one out turn off the lights the one growth area was

00:04:51.440 government spending which soared five percent while the economy shrank bureaucrats recession

00:04:56.800 proof since 1867 the news sent the canadian dollar the loonie tumbling to just 72 cents

00:05:03.760 in 2012 the canadian dollar was worth more than the u.s dollar it's already carnage up north after

00:05:09.920 a decade of justin trudeau and canada's new world economic forum approved prime minister mark

00:05:15.040 carney carnage they call him in short wages are west virginia while housing costs are los angeles

00:05:21.360 one of the oecd disposable incoming canada was left after taxes is just 57 percent what it is

00:05:28.160 in the u.s economically we have such power over canada i'd rather not use it but they did something

00:05:35.840 with our tech companies today trying to copy europe you know they copied europe it's not going to work

00:05:40.720 out well for europe either and it's not going to work out well for canada they were foolish to do it

00:05:46.720 so i said we're going to stop all negotiations with canada right now until they straighten out their act

00:05:53.680 the only people who thought canada could stand a chance going toe-to-toe with an economy over 10

00:05:59.440 times its size were the willfully blind or the poor souls watching government paid media and believe in

00:06:05.920 them the truth is the united states doesn't even want to cause damage to canada they just want a fair

00:06:13.280 trade deal and for ottawa to finally control its leaky northern border and drug pipelines here's the kicker

00:06:20.560 though even the government-funded media you know the same folks who usually gaslight the public to

00:06:26.000 protect their liberal buddies they're now forced to admit the truth and watching them eat crow on live

00:06:32.720 television is priceless if you look at gdp the canadian economy doesn't appear to be doing all that bad

00:06:40.160 heck we're not even in a recession as of last count canadian gdp growth was just keeping its head above

00:06:45.280 water so the economy is technically still growing but the numbers change considerably when you look

00:06:50.720 at measures of worker productivity they keep dropping and they're projected to keep dropping

00:06:58.000 for the next 40 years canadians are going to work they're clocking in their eight hours but on average

00:07:03.120 they're producing less than they used to it's gotten to the point where ontario canada's largest

00:07:08.560 province now has a per capita gdp roughly on par with alabama one of the poorest states in the u.s

00:07:14.720 and this is affecting our standard of living university of calgary economist trevor toome

00:07:18.960 crunched the numbers and figured out that if canadian labor productivity had instead spent the

00:07:23.280 last six years keeping pace with the u.s you know instead of remaining stagnant we'd all be making an

00:07:28.880 extra fifty five hundred dollars hey if you've made it this far thank you so much for watching

00:07:35.680 if you'd like to be notified every time a new video is published hit the subscribe button and

00:07:40.000 activate the notifications bell it's completely free and it helps our channel grow a heartfelt thank you to

00:07:45.840 all our channel members i really appreciate your support see you all in the next one peace

00:08:02.560 do

PJ The Belt - September 28, 2025

Canada ERUPTS as Country Goes BANKRUPT – Trump CASHES IN!

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