The Canadian homeless situation today stems directly from serious 1980s federal government cuts to affordable housing and welfare.
Certain financial and social relations experts-pundits suggest that it may be time that focus be shifted from present crisis management, things like emergency shelter beds and soup kitchens to more “permanent solutions” for this growing problem.
It costs the Canadian economy over $7 billion per year in 2013 spent $7.05 billion(Gaetz et al.) — includes costs of running shelters, providing social services, health care and corrections. (Source: The State of Homelessness in Canada). Our Government of Canada invests $119 million annually on homelessness through the Homelessness Partnering Strategy that does not including what all provinces and municipalities themselves give to this growing crisis. Despite all this huge amount of money there is no noticeable reduction in homelessness numbers.
A rough estimate is that over 235,000 different Canadians are homelessness each year, over 35,000 on any given night. Our homeless demographic break down study shows that single adult men between the ages of 25 and 55 are almost half this population (47.5 per cent) whereas young people between the ages of 16 and 24 account for 20 per cent. Aboriginal people are over-represented in almost every major city in Canada.
This modern rise of mass homelessness attributed directly to a serious withdrawal of Federal government’s investment in affordable housing and cuts to welfare beginning in the very early 1980s.This is about a decade after the famous 1974 deal, when the Basel Committee of the Bank for International Settlements (BIS) sold the Trudeau Liberal government on their “monetary and financial stability ” plan. To meet their proposed nirvana they advised our leader, Pierre Elliott Trudeau, and government that our own central bank, the Bank of Canada, must stop printing our own interest-free money.
They suggested instead that we start borrowing from private creditors because everybody knows wink, wink, nod, nod that “markets know best” and must be without regulation, and that public services be privatized.
What they failed to reveal, and they all knew amongst themselves, was private banks create the money they lend just as public banks do. The main difference between private and Bank of Canada being that a privately owned bank siphons the interest into its capital account to be re-invested at further interest, progressively drawing money out of the productive economy while our bank returns the interest to the government and the community.
Meanwhile this was going on, our Canadian dollar in 1974, hovered at par with the American greenback and in April it topped them with a value of USD$1.0443, the highest our dollar rose ever for Bank of Canada issued money. Everything was soon to change because after all the markets know best.
Since 1935 Canada successfully and prudently printed its own money, this ceased to exist in 1974 because the Trudeau Liberal regime ceded Canadian government power to the international banking cartel. Trudeau gave up something that was not his, there was no public consultation or referendum they did everything secretly, in return for his media darling celebrity lifestyle.
Until that 1974 our national debt was a mere 18 billion today we are dealing with a staggering 614 Billion. Canadians lost their hard-earned wealth that took years to accumulate meanwhile, this deal allowed massive, obscene profits for the banksters giving them power to control our lives.
Facts are that an estimated 70% of our 614 Billion dollar federal debt is from compounding interest, Canada’s debt service charges are overwhelming and take from vital government services including our precious social net.
The immediate effects are already visible in steadily declining wages, insufficient jobs both steady and part-time, reduced benefit levels including pensions and social assistance, and a shrinking supply of affordable housing ensures more homeless Canadians.
Today, Canada seems to be experiencing a ‘phase transition’ shown by the wild ride our dollar is having. Most likely, an interest rates rise is being formulated by the international banking cartel to squeeze even more “monetary and financial stability” out of us after all, it is for our own good right!