I’ve been watching the situation of Canadian personal debt for a while, and it seems like it is getting bigger and bigger. This latest report shows a 3% increase in personal debt not including mortgages.
What most Canadians are failing to comprehend, is that all it takes for them to hit financial ruin is a loss of a job and a rise in interest rates. Most Canadians should think about trying to reduce their debt as much as possible as the next downturn in the economy is coming between 2014-2017.
If and when the United States defaults within 5-10 years , the national debt will reach well over 20 trillion U.S dollars. Already there is no way the U.S government can pay foreign bond investors, basically the U.S government has sold Germany, Japan, China and the rest of the world junk bonds that will be worthless within the next 5 years.
This is the full CNBC American Greed episode / documentary of the big crook Raj Rajaratnam who was a corrupted Hedge Fund Manager.
There is a surprising number of corrupted individuals in this “insider trading ring” of South Asian (Indian) descent, the highest rank person with lots of info was Rajat Gupta who was on the board of Goldman Sachs.
After you read this article, you will see just how powerful and wide reaching the American spy agency NSA’s tentacles go.
Remember if you are using Yahoo, Google, Microsoft mail and Facebook whether you are American or someone outside of America , your personal communications will be part of the NSA’s database of metadata to search against.
American phone calls or calls routed through America are recorded by the NSA as well.
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