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Canada's Cyprus Blueprint

This brings us to Canada, Prime Minister Stephen Harper and the Conservative Party. Stephen Harper is a consummate thief -- he's stolen his own job not once, but twice.

He stole his job as prime minister originally by promising Canadian voters that (unlike the Liberals) he would never "touch" (i.e. tax) their "income trusts" -- into which Canadians had funneled tens of billions of their wealth. However, it had already become obvious this massive tax loophole was destroying the entire, national tax base and was not economically viable. The moment Harper got into power, he flip-flopped and abolished that tax exemption.

He stole his job a second time when the opposition parties were about to unite to vote the Harper regime out of office. Stephen Harper illegally suspended Parliament, and then the Conservative Party and Big Business launched a massive propaganda campaign while Parliament was illegally suspended, labeling the plan to vote the Harper regime out of office as "undemocratic." The opposition parties backed off on their threat, and then Stephen Harper ended his illegal suspension of Parliament.

When Stephen Harper came to power, however, he had more on his mind than just breaking promises: He had an agenda. A part of that agenda was to duplicate -- as exactly as possible -- the massive housing bubble of the United States, the largest asset bubble in history, which was followed by the largest bail-out package in economic history.

For interested readers, this plot has been described in detail in a previous commentary. For the purpose of this commentary, it's not essential to know how Stephen Harper manufactured the Canadian housing bubble (with the enthusiastic assistance of former Bank of Canada Gov. Mark Carney). It's only essential to note the dates involved. Stephen Harper began constructing the Canadian housing bubble after the U.S. bubble had already burst.

There can only be one thing worse than engaging in suicidally reckless economic policy. This is to engage in suicidally reckless economic policy after that policy has been exposed as such. The reason this is much, much worse should be obvious to all readers.

The bankers and politicians (of both parties) who manufactured the U.S. housing bubble have at least "plausible deniability" on their side: They can pretend the U.S. housing bubble was an "accident." Stephen Harper has no such cover available to him. The dates involved make this clear that the Canadian housing bubble is a premeditated betrayal of the entire Canadian population.
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