In this video, I sit down with author and economic analyst John Sneisen to talk about the catastrophic rise in private debt to GDP in Canada as Canada moves from 10th place to 6th place world wide in debt accumulation. Canada has also reached first place out of G20 countries.
Private Debt to GDP in Canada averaged 210.45 percent from 1995 until 2016, reaching an all time high of 266.89 percent in 2016 according to Trading Economics.
With alarming market manipulation, derivatives markets, fiat currency printing and government spending, there's no doubt that Canada's on a collision course. The question is, when?
Well the fact is, fundamentals are off the table so an exact date can't be placed on it. The markets and monetary system is being rigged to such an extent that the crash is constantly pushed forward into the future causing the looming crash to become more and more inflated and dangerous.
For example, the Vancouver real estate market was ready to implode and the bubble was ready to burst, however it recently did the impossible and started climbing in value even further! This means the bubble burst is going to be epic and will surely be heard around the world.
Globalist central bankers and market manipulators love the notion of pushing the populace into a bottomless pit of debt as the public then has no choice but to beg the government and banking system for a ladder up. This is servitude and it's the servitude the establishment wants for the public.
See the full video report here:
Stay tuned as we continue to break down this horrific looming crash and continue to show people how to insure their wealth with gold, silver and of course cryptocurrencies like Bitcoin, Ethereum and STEEM!
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This is the consequence of of almost a decade of reckless monetary policy by the major central banks including the Bank of Canada. Like you said it is impossible to know when the music will stop playing.
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Uh oh. I smell a crash soon
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Canada is being run by maniacs and fools. It's a sad state of affairs.
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did you see they moved to increase military spending by 70%
http://www.bbc.com/news/world-us-canada-40195246
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Sending you BTC for your WAM channel
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Lots of real estate in BC is sitting year after year. These properties are always cleaned out of any personal effects- it leads me to believe they are all bank owned and/or hedge funded.
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It's all good mate, don't worry nothing to see here, move along, everything is wonderful!!! Cheers
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