Josh Sigurdson talks with author and economic analyst John Sneisen about the inevitable fall of the Canadian dollar as we see a complete yield curve inversion and talks of lowering interest rates all the while.
The yield curve inversion has historically signified a recession and Canada has already been in a technical recession since 2008. Now that the 30 year and 1 month are inverted as well as the 2 year and 1 month, this completes a total inversion.
With vast debt and an insane deficit all while the government spends absurd levels of money while forcing the populace to pay off the interest on the debt that won’t stop climbing, this has become a crisis but not enough people are talking about it.
As this problem worsens, people need to educate themselves on money. All fiat systems eventually fail. Every single fiat system HAS failed. It’s just a matter of time. The worse it’s propped up the worse it will come down.
Individuals must be free, responsible and educated to avoid the worst of this coming crash. John breaks down his thoughts on this phenomenon on a global basis and what it means for Canadians.