Sunday 31 March 2019

Debt Crazy Canada

Just read this....

https://www.zerohedge.com/news/2019-03-26/low-rates-have-crippled-canadians-debt

And this....

https://business.financialpost.com/investing/outlook/canadians-household-debt-highest-in-g7-with-crunch-on-brink-of-historic-levels-pbo-warns

fo0120_household_debt_c_mf.gif (620×473)

And then this...

Image result for crazy debt cat cartoon


Why are we throwing away our future for some temporary joy?

Reality - lulled into a sense of false security by a Canadian central bank that never admits to errors, and a government that wants to buy votes in the short term at the expense of the financial health of the country in the long term, most Canadians don't even realize that this is an issue.  

When this reality hits - likely as creditors start to dictate policy to governments at the start of ten years of austerity - the French Yellow Vests may seem mild in comparison to what follows.





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