DTube - Canadian Economy In DANGER Of CRASHING Warns BIS! - What You Need To Know!
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 warning by BIS (Bank For International Settlements) that Canada is one of the 3 most at risk economies in the world!
Alongside China and Hong Kong's economies, Canada is in danger of a massive banking crisis.
With maxed out credit cards and high debt levels, we're on the verge of the inevitable.
All fiat currencies eventually revert to their true value of zero. While the fundamentals are off the table due to the level of manipulation and it's impossible to put a date on the collapse, we know it has to happen which is why we need to warn people about the unthinkable debt levels and potential for inflation to go sky high.
Average Canadian household debt all together just reached 1.8 trillion dollars! That's $22,837 a person!
So being financially responsible and self sustainable couldn't be more important in this day and age. This is why individuals must be independent free human beings and not depend on the government and central banking system which benefits from their servitude.
Stay tuned as we continue to cover this ever growing story!
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There are more ... and not the only one facing the same thing some even worst it can be considered as selling a country to another and the debt kept on increasing. This is just a clue..(Latitude 4.210484 Longitude 101.97576600000002)
Makes me glad the only debt I have is our mortgage!
really?
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How do we escape it? Until this market corrects the only options are work or pray that cryptocurrency finally scales and becomes mainstay. At this point i dont see any other way to go.
US has 64k of debt per person :) you can not beat that :P
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I pray that Canada's O.K.. But I can see that we may crash and nobody else around me can't.
Scary. That's why we've decided to just be Canadian Steem Millionaires.