Stephen Molyneux goes through some very interesting statistics that I think every Canadian should know.
You must remember that, what the Canadian mainstream financial media tells you now are “lies”, after all it’s politicians behind a lot what you read in the news. Spinning positivity in everything, while things are falling apart in the background.
The Canadian Government is incompetent and don’t know how to manage taxpayers money.
When bank economists and forecaster, comes out with these “pie in sky” predictions you know what they are doing is rounding up “the greater fools”. Trying to get people to dump more money into the stock market before a big crash.
I think Brian Belski is borderline retarded, his predictions are based on wrong assumptions and fantasy.
For instance:
“Children of the boomers, is growing and “this cohort” has historically had a direct impact on stock prices.â€
Marc Faber covers a lot in this Bloomberg video from the fact that many momentum stocks have already corrected about 30% and if interest rate rises then he foresees a big stock market crash ahead.
He also thinks that the Chinese credit bubble is about to burst and that will cause economic shock as well. Then he talks about how the U.S government bullies countries around the world and cannot attack other countries around the world, like colonialism method back in the 1900’s.
Canadians are at approximately 165% debt to income ratio. It is getting harder and harder to get by with so much debt.
Stop watching the Kardashian’s or Trump and wanting to live their lives with a middle-class income. People are stretching themselves things to live like celebrities on a pauper’s wage.
Central Banks are criminal, they create an environment where the wealth is transferred from the poor, middle class up to the government and elite’s pockets.
Increase money supply will eventually devalue currencies and cause inflation.
Remember, in this environment taxes, government services fees, real estate and cost of living goes up.
This video of a congressional hearing, shows that nearly 10 Trillion U.S dollars is missing. The Federal Reserve central bank of the United States printed this money, which American taxpayers will need to pay back and even the head overseer of the Federal Reserve does not know who or where the money went.