One of our most recent video reports!
See the original article below:
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent comments made by The Bank of Canada's Stephen Poloz regarding the continued rise of interest rates. According to Poloz, if you don't like interest rates going up, you should buy a smaller home.
As we see the return of collateralized debt obligations, mortgage backed securities, credit default swaps, reverse mortgages and other craziness that we saw in 2006 and 2007, something big is brewing, and the continued rise of interest rates meant to in the long term subdue the fall of the Canadian Dollar is making the problem that much worse.
Toronto and Vancouver have some of the most epic housing bubbles out there. Toronto is really starting to teeter off into a bear market.
The central bank in Canada is desperately attempting to raise interest rates in order to stop them from going negative in the inevitable case of a dollar crisis.
All fiat currencies eventually revert to their true value of zero. They always have, they always will going back to 1024 AD in China. This time is no different. While we cannot predict WHEN the crash will happen, it has to happen all the same. It's inevitable, there are just no fundamentals to examine and correctly forecast.
In the United States from 2008 to 2012, interest rates were dropped about 5.5%. Now imagine, the monetary system and the markets have been propped up ever since, not "saved" and the level they will have to drop out interest rates will be far greater. It simply cannot be sustained, so they will go negative.
This will bring them into the centrally planned cashless society which we break down in the video.
The point is, the debt masters will shove us to our knees and for that reason, we as individuals must break free and be self sustainable, educated, responsible and independent. We need to stop depending on these people who depend on our dependence. With the pension schemes reaching their peak and looking at a global shortfall of 400 trillion dollars by 2050, this will not end well for us collectively, but if we take the right steps as individuals, we can avoid a lot of the stress.
Under Trudeau, taxes are skyrocketing alongside increased regulations and overall centralization of society. This is a recipe for crisis and we need to understand it to avoid it.
Stay tuned for more from WAM!
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