Canada’s Strange 2016 Economy
Canada has pretty much sold off its Gold reserves, Canadian consumers are in massive amounts of debt, as of March 2016 the loonie is low, and the Trump and Hilary lead the way in the U.S presidential race. If any competent person takes the white house Canada is screwed. If I were an indebted Canadian I would pray Hillary Clinton wins the presidential race. As I’ve stated before if Donald Trump wins the white house there WILL BE AN ECONOMIC CRASH!. Currently the stock markets are being held up by the Plunge Protection Team which as today has turned from truth to fiction mainly because people in the mainstream were starting to talk about it.
Billionaires who are heavily invested in the stock market have already came out stating that they’re not going to let Donald Trump win. These Billionaires are globalists, they’re heavily invested all over the globe and they need to control the financial laws that dictate financial policy in the United States in order to protect themselves, their shareholders and their interests. This is not some conspiracy theory this is common sense, if you were rich you’d do the same. The problem Donald trump presents is that he’s his own man, not only is he his own man but he’s a GLOBAL real estate mongol that understands the laws.
You’ve seen me argue why I personally prefer a fiat monetary system over a gold backed one, well the downside to a fiat monetary system are laws. A gold backed monetary system is all about acquiring the most gold, he who has the most gold rules in a gold backed monetary system in a fiat monetary system he who controls the laws rules.
The Downside to being a Billionaire
If you ever joined a bank you’d know that your money is only insured up to $100,000! Who cares you might say if you don’t have $100,000 but imagine you had $1000 Million dollars times 5, 10 or even 60? How do you hide your money? Well the truth is you don’t, what you do is buy crap and over value it between you and your buddies. You might buy a piece of art for $60 million. You might get creative a create a whole new industry that revolves around low quality crap that you over value in order to protect your assets, you might buy overpriced cars or other strange things that the general public couldn’t even fathom. Remember in economic turmoil billions don’t want to put their money in a bank?
Billionaires want to put their money in places where other rich people are… This is what a lot of Gold bugs don’t understand about fiat currency. Fiat currency is based on LAWS…. So if a guy like Donald Trump comes along POOF! Your money could disappear. It’s one of the reasons why Quality never dies. Trump’s expertise is quality hotels, meaning he hosts events for the rich, he knows where to hit them and they know it, and a lot of them especially the billionaires on wall street own overvalued assets that can only retain their value if America continues it’s stimulus spending.
How this will make Canada’s economy look strange is Canada especially in 2016 is a house of Cards. The media makes it seem like Alberta’s the hardest hit but the province that’s really suffering is Ontario. Alberta’s suffrage is the cycle of capitalism, as I’ve stated several times Alberta’s a mismanaged province with lots of potential. Ontario on the other hand is an illusion. If the Province of Ontario was a U.S state it would be worse off than Detroit is right now. But Ontario has the backing of the BoC. Which leads to this conclusion.
Buy Silver Bullion and consider purchasing Gold Bullion!
The Canadian dollar is going to decline, I’ve heard a lot about a housing crash well like I’ve said the housing market should crash but if it doesn’t and investors start looking at the Canadian economy for what it is, the Canadian dollar “the loonie” will decline and quite frankly I think that’s the plan. The good news is the price of silver IN CANADA is going to go up a whole lot.
Silver price increases in America won’t be as good, even with a U.S economic crash the U.S dollar isn’t going anywhere, however expect people all over the world to start asking…
“What’s going on with Canada?”
Allow me to point out to people who will read this at a later date that I wrote this blog post March 20, 2016. Is what’s happening to Canada Trudeau’s fault? My answer which Trudeau are you talking about? The reason the Canadian dollar has dropped so low… Canada’s are in bad debt and Canada’s manufacturing base is gone, cost of living is too high, real estate prices are two high, interest rates were lowered in Canada when they didn’t need to be, entitlements in Canada are sucking the country dry too many government workers are unionised and corporatism has Canada in a choke hold. As bad as American’s think they have it at least your markets are allowed to CRASH!!!
If you live in canada and you bought silver the good news is when the loonie declines your silver depending on how much you own may even buy you house. If the Canadian economy doesn’t crash it will be a slow and painful life for consumers. As I’ve been saying for quite sometime now this is NOT the time to be in consumer debt, so if you’re in it now I highly recommend that you find your way out.