Jerome Powell admitted people coming illegally are causing a dramatic increase in unemployment [of citizens]. It’s obvious, but it is unusual for one of the elites to actually admit it.
The nearly 500,000 migrants who were criminals before they came over aren’t helping the economy. They are adding to the welfare rolls. The D.C. Uniparty has been telling us the illegal aliens are creating wealth.
In Canada, they are pretending migrants are the only thing keeping the economy going. Migrants are only making $7500 a year. Canadians can’t compete with that. Britain and Australia are in the same sinking boat.
Getting an admission from someone like Powell doesn’t mean he will do anything about it.
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Oh, sweet little Jerome “Powell” going to come out and admit the obvious now huh? Awww, idn’t that sweet?
In Canada maybe 8 or 10 months ago a few of the largest banks “joined forces” and did their own study, the bank in charge of the project, if memory serves, was Scotia bank.
and as surprising as this, their report concluded that new immigrants do not help the Canadian economy.
I may be able to find the link if anyone wants to see that.
Occasionally someone important and respected tells the truth, but the media quickly go back to saying the opposite and everyone quickly forgets as if nothing had happened…
Glad to hear the truth is finally coming to the surface. Illegals have a negative effect on the host country. Those of us on this site know the illegals are draining many of our resources. Kudos to J.D. Vance for bringing it up during last night’s debate.
Please post link!
Had trouble finding it because the link I had saved was on MSN news but they say the article is no longer available.
but using the headline I found one place they still have the article.
https://ca.investing.com/news/economy/newcomers-to-canada-not-driving-employment-gains–scotiabank-3062422
Here are the first 3 paragraphs,
” ... By Ketki Saxena
Investing.com — Canada’s expansive immigration policy – which has seen an influx of 1.5 Million newcomers to the country in the last twelve months alone – has been predicated on the assumption that a large volume of newcomers is necessary to support an aging demographic and address labour shortages.
However, recent research from banks including BMO (TSX:BMO) and TD (TSX:TD) has increasingly indicated that the influx of new Canadian residents has had more negative than positive consequences – including the exacerbation of a housing shortage, and worsening weaknesses in Canada’s already strained infrastructure, such as healthcare.
A new report from Scotiabank (TSX:BNS)’s Derek Holt now posits that “the narrative that immigration is driving jobs and GDP is more hype based upon spurious correlations than substance”, implying that the ” Canadian immigration experiment” is not just worsening the housing crisis, and straining Canadian infrastructure. It is also failing to deliver the benefits of the premise this policy has been primarily predicated on. …”
As Powell snickers under his breath saying it. They will do whatever it takes to bring in the great reset. If we survive, every aspect of our lives will be controlled. We will eat da bugs, own nothing, and be happy. It’s all by design. Vote Trump.
Welcome to the “modern era.” Thanks to the open borders and complete lack of standards for incoming migrants (illegals, etc.) the lower end of the US economy is in the pits for actual US citizens. Here, if you want unskilled workers for a job you get a “supervisor,” who speaks halting English or uses Google Translate. The rest of the crew speaks no English at all. I want my country back.