Negative Interest Rates are Coming To Coming: Mortgage rates hit a new low, with Canadian bank posting below 1% – December 6, 2020,
Get yourself a Chinese Communist Party mortgage today, if you don’t qualify for a CCP mortgage the Hongkong and Shanghai Banking Corporation(HSBC) offers a mortgage just a good. As many people know a lot of people from Hong Kong are leaving and moving to Canada which is already driving up real estate prices in Canada.
The Chinese Communist Party is taking over Hong Kong and the U.S government is cracking down on Chinese Communist Party-affiliated members so as one would expect people in both Hong Kong and Mainland China are heading to Canada and to accommodate them and other Canadians HSBC is offering a 0.99% high ratio mortgage most likely anticipating that the Loonie will be forced to go down in the coming months.
HSBC’s 0.99% Mortgage Rate Is A Canadian First, But You’ll Need To Borrow Big | huffingtonpost.ca
If you haven’t been paying attention, the value of the Loonie has been on the rise since Joe Biden was announced by the Mainstream media as the President of the United States. Under Barack Obama, if Canadians remember the Canadian dollar soared to parity with the greenback, that was until all of sudden magically the Paris Climate agreement started to gain in popularity.
As many of us on the inside know, the Paris Agreement was an attack on PETRO-DOLLARS, Canada has a petro-dollar, and being that oil, as well as most debts, are priced in U.S dollars, governments and corporations worldwide need a button to push in order keep the U.S dollar propped up, enter in the Paris Agreement draft in 2015 signed into law in 2016, this was the nail in the coffin for me when it came to environmentalism, this is when I knew environmentalism was a scam because I had known about this from 2013.
Anyway, this allowed the oligarchs to control the forex markets and on cue, the Canadian dollar began to slide, the then Harper Government also created policies to make the Canadian economy appear to be in bad shape, at the time Harper and Stephen Poloz claimed that they were lowering interest rates and thereby the value of the Loonie to help Alberta?
Nobody cared, because most Canadians don’t pay attention to the forex markets and the Canadian dollar dipped and Trudeau rose to power and in case people haven’t been paying attention Trudeau has spent money recklessly and yet the Canadian dollar has sipped further, nobody questions why?
It’s because Canada’s economic problems are a quick fix, austerity measures, not saying austerity measures will ever happen, but Canada has a lot of bloat in government that can be shrunk, America, on the other hand, can’t shrink its government, the U.S dollar is propped up via convenience and Joe Biden will remind the world why they should dump dollars.
But wait there’s more, as people dump U.S dollars, countries like Canada which want to preserve bloated government will need to debase their currency also, after all, eastern Canada is uncompetitive if the Canadian dollar is near parity with the Greenback and this will hurt tax collection, which was already hard hit by the coronavirus.
I personally think HSBC sees the inevitable and they’re getting ahead of it, I’d like to remind the reader that negative interest rates benefit banks because of the additional fees they charge their retail clients. Also, negative interest rates have a damning effect on the Mainstreet economy as commercial real estate prices will go up and many commercial developers will hope to be bought out by a condo developer.
When commercial leases go up, the costs are passed onto consumers, already in grocery stores, things are getting smaller while the prices remain the same. This is obviously inflation, and this trend will continue even when the Canadian dollar rises, because remember higher energy prices equal higher costs of living and because Canada has tied herself to the Paris Climate agreement and carbon taxes, the poor will get poorer!
The Canadian economy has economic collapse written all over it!
Mortgage rates hit a new low, with Canadian bank posting below 1% | cbc.ca
Interesting times ahead!