The Canadian DEBT APOCALYPSE! My Predictions Are Coming True.

Canada has a great addiction. No, it is not Cultural Marxism and Political correctness although that is where the government is focusing instead of ignoring the destructive force of debt that has accumulated at a rapid scale. I wrote my book on Canada's Economy starting in 2014, and since then things have gotten a lot worse. Let me show you some numbers to help you understand the problem.

Canada's private sector credit is continuing to spike!

People keep on racking up high-interest debt which makes things worse.

If you adjust home prices to inflation and look at how much debt is accumulated the epic housing bubble in Canada that will put the US in 2007-08 housing bubble to shame! With banks like BMO issuing Collateralized Debt Obligation on debt that is insured with CMHC seems eerily similar.

As the rest of Canada households keeps on getting into more debt.

Canada has one of the worlds highest private debts to GDP the reason from my research is that where government taxation is high so is the Private Debt to GDP and Canada is no different as it hangs out with most Socialist economies at the Top 10 in the world.

As Canada keeps getting into more debt the money supply M3 which includes all debts, deposits and cash in circulation has risen to new highs.

While since January 2009 the Quantitative Easing by Bank of Canada has bought up $50.3B of the $250B new Canadian federal debt since 2009. That is 20% of all the Canadian debt bought by the central bank.

As government debt to GDP is slightly above what I wrote about in my book, it is evident that the government didn't go on a spending binge, but they are putting Canadians into a lot of debt as they are forcing businesses and people to pay more taxes.

Canadian debt will soon reach $800B, but if you have watched WAM's youtube channel, you found we covered that the federal debt is $1000B as the government doesn't apparently calculate all of its debt as they call it market debt. All Debt is debt Morneau, you moron :D

As debt is getting racked up, with interest rates that are supposed to go up. Canada's interest rate cost is some of the highest in the world only behind Italy and the US in the Western world with it paying 7.3% of their taxation theft to only pay of the interest as they haven't paid down their principle on their debt. If an individual had done this, he would have had to declare bankruptcy.

All in all Canada's debt problem is just getting worse and worse. As you can see Canada is increasing debt levels, but It seems to be slowing down, and that is a bad sign as the problems will mount with interest rates moving up. People have said that over 50% is only less than $200 away from not being able to pay their bills.

Canada is also one of the few countries that sold all of their gold. Going from 1023 tones to 0. Josh and I confronted the finance minister Morneau on this.

He said he believes in the paper, not gold, which has had a massive track record against paper throughout history. The Canadian dollar is on the cusp of failure as this gigantic debt bubble has become the worst in the world!

When a country accumulates this much debt, there is only one outcome mass bankruptcies and deflation which could end with Bank of Canada hyperinflating the currency.

The endless debt binge is coming to an end, and the Government and many of the population are delusional in the belief that everything is excellent and beautiful!

Check out my book here to find out the truth about the Canadian economy and what is to come!

https://www.amazon.ca/Canada-Greatest-Economy-World-yourself/dp/1988497051/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=

Peace, Love and Voluntaryism,

John