Just like the previous financial crisis and the subsequent shadow banking crisis began in the US, storm clouds are brewing in Canada. First, it was Home Capital Group losing 70% of its deposits last week, then it was Equitable Group Inc. losses announced today. –read both stories for the bloomberg link
www.bloomberg.com/news/articles/2017-05-01/home-capital-s-next-hitch-is-keeping-cash-crunch-under-control
Now, a mysterious explosion just outside a Royal Bank of Canada branch location.
#explosion at 20 king west Toronto #rbc @CBCNews pic.twitter.com/mnqVKh7wBy
— mike amsterdam (@plutoisnumber9) May 1, 2017
I swear in this one.
This was 20 seconds after first explosion. I had just walked across those grates. pic.twitter.com/MoJj4Aa10w— mike amsterdam (@plutoisnumber9) May 1, 2017
www.zerohedge.com/news/2017-05-01/toronto-police-close-downtown-streets-after-explosion-near-rbc-offices
Now these stories are being picked up…
www.huffingtonpost.ca/2017/05/01/home-capital-contagion-financial-system-canada_n_16365938.html.
h/t hoolascoop
God, this is gonna’ be a great show when it goes!
https://uploads.disquscdn.com/images/e1b53d8dcac10895319b66adc28290aac2f1daaa39e6afc04559040328b3e7bc.jpg
LOL, what lies! What ‘massive losses’ are you talking about, looks like people who missed the boat are losing their minds also.
See the YouTube video ‘All Wars Are Banker’s Wars’.
When the money goes south, the violence goes east…