One of our most recent video reports!
See the original article below!
Josh Sigurdson talks with author and economic analyst John Sneisen regarding the massive level of instability at the TSX (Toronto Stock Exchange) as it drops more than 200 points.
The stock market is overheating and something we at WAM have been warning about for so long is finally coming true. The heavily manipulated derivatives markets are reaching their inevitable end.
So far in 2018, Canada's gas and oil industry has tumbled more than 6%. This is incredibly dangerous considering Canada's vast dependence on oil like many other absurdly centrally planned countries.
Canadian stocks are trading at their lowest since October. The chart shows free fall.
Meanwhile Canadians are being taxed on income at a shocking rate while corporate taxes stay almost entirely unchanged. Interesting coming from a government that claimed they wanted to lift the lower class and stop big corporate monopolies. Funny enough, the massive corporations continue to be propped up by government regulations and taxes while small businesses are forced out of the market as they simply cannot compete against the government's favoring of major corporations.
This is why we need to look to ourselves for self sustainability and financial responsibility. Responsibility period. That is after all the hallmark of freedom as we so often mention here at WAM.
Stay tuned as we continue to report on this. We are seeing stocks fall fast in the U.S. at the same time. It's times like this where proper preparation comes in handy.
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FUD! The peoplekind of Canada will be fine ;)
Just kidding, good video interesting perspectives as always
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Awesome ! Vlog on DTube and IPFS.
I am watching it on IPFS that's the amazing technology.
Yes, As you already know this is the global crash stock market in US is heating and it's low now the effect rippled every where from Canada to UK.. that has really effected this Bitcoin market so it's down and with slow pace now it's recovering.
Thanks @joshsigurdson keep up your nice work and keep us up-to date with the market.
To support what you're doing upvoted kudos!
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Is it possible to support small businesses and stop large corporations? Don't the same set of rules apply to all corporations?
Here in the US for instance, technology allows for Amazon to continue to grow and knock out even other large corporations (Sears and ToysRUs are in trouble for instance). Let alone knock out smaller companies, bookstores for instance.
In Canada, there is Telus and Rogers. How could these companies be competed with by smaller companies? Would less regulation really help here?
Can small canadian corporations compete with US ones? Eg. Netflix?
I think your talk goes into lots of big topics, currencies, regulation and taxes. You are saying government regulation, fiat currencies, central planning is bad. But these aren't nefarious tools, these are a natural outcomes of larger more complex societies. In Guns, Germs and Steel, Jared Diamond shows how societies have scaled up from hunter-gatherer, agricultural, technology, to the kleptocracy. We are currently in the kleptocracy, where things have been scaled up to global corporations more powerful than the states they are residing in. For example, currently Amazon is asking US states (and Toronto!) to provide a reason for them to expand their second headquarters into their states.
So what I'm saying is that the situation we are in of corporations being greater than states, and software eating the world. We don't need so many small businesses anymore at all.
Are you thinking that less regulation is going to increase the power of people and small business?
I would say the opposite is true. Less regulation gives more power to those who have power. Less regulation would give Telus, Netflix, Rogers, Amazon more power.
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From Reddit: "Bank of Canada warns of dangers of leaving 'superstar' tech giants unchecked " https://www.reddit.com/r/canada/comments/7wstxc/bank_of_canada_warns_of_dangers_of_leaving/
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The Canadian stock seems to be on it's way for a big drop. What do they expect with all the new taxes and regulatory road blocks they are constantly putting up to hamstring business.
The funny thing about the TSX is that it hasn't done jack since the peak in about 2007. It just barely hit new highs last year and now we are probably going to have another big correction.
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You took money from me and didn't give back and blocked me on chat. You think you can get away with this????
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