Josh Sigurdson talks with author and economic analyst John Sneisen about the collapse of the Canadian economy as not only the government racks up vast amounts of debt and prints vast amounts of currency propping up inflation, but the Canadian people cannot pay their debts and are quickly running out of money.
For some reason the headlines are claiming that economists are scratching their heads as Canadians can’t pay their debts which says all you need to know about the lack of understanding of the most basic economic principles by Keynesians.
We’ve been warning about this issue for many many years and it’s now really coming to fruition. Unfortunately most have not listened and are now facing vast debt as the official recession reaches their doorsteps.
Technically speaking we’ve been in a papered over recession for many years now, made to look nice with fake numbers and printed currency. Now it appears we are entering an official recession and it’s all part of a global currency bubble that’s about to burst.
The Canadian dollar WILL crash like all other fiat currencies throughout history. The Bank of Canada wants to go cashless but it’s to no avail. Firstly, it’s in order to stop individuals from running on the banks, secondly it’s to track everything and thirdly it’s a desperation move. But it won’t work.
Stay tuned as we continue to cover this issue closely!