Most Debt EVER Causing Crisis in U.S. and It’s WAY WORSE in Canada!

The debt expansion is relentless. It’s absolutely mind boggling in the US. As for Canada, there are no words invented yet to describe it. Do you personally see people going into excessive debt to finance their lifestyle?

Debt can’t be erased. It can’t be covered up. You can sweep it under the rug but eventually that policy will haunt you. Even Janet Yellen is shaking it up in the news recently agreeing with these facts. Central banks can’t buy the debt without causing a hyperinflation. There’s simply no way around it. So it looks like we’re in for some real pain ahead.

House-hunting in Silicon Valley: tech’s newly rich fuel a spectacle of excess | US news | The Guardian
www.theguardian.com/us-news/2019/mar/27/silicon-valley-tech-wealth-real-estate
Olshan Realty | Manhattan Luxury Residential Market
therealdeal.com/2019/03/25/manhattan-luxury-market-takes-hit-with-19-decline-in-contracts-in-q1-olshan/
Half of Older Americans Have Nothing in Retirement Savings
finance.yahoo.com/news/almost-half-older-americans-zero-210656147.html
Drowning in debt, freaked out Canadians brace for a reckoning – BNN Bloomberg
www.bnnbloomberg.ca/businessweek/canadians-are-feeling-the-debt-burn-1.1234735
household-credit-growth-in-canada-is-the-slowest-since-1983.png (1716×788)
www.bnnbloomberg.ca/polopoly_fs/1.1234747!/fileimage/httpImage/image.png_gen/derivatives/default/household-credit-growth-in-canada-is-the-slowest-since-1983.png
household-debt-chart.png (1716×772)
www.bnnbloomberg.ca/polopoly_fs/1.1234743!/fileimage/httpImage/image.png_gen/derivatives/default/household-debt-chart.png
As bankruptcies edge up, Poloz personally responds to Canadians’ concerns | CTV News
www.ctvnews.ca/canada/as-bankruptcies-edge-up-poloz-personally-responds-to-canadians-concerns-1.4249320
JPMorgan Reportedly To Cut Hundreds Of Jobs In Asset And Wealth-management Unit | Markets Insider
markets.businessinsider.com/news/stocks/jpmorgan-reportedly-to-cut-hundreds-of-jobs-in-asset-and-wealth-management-unit-1028064689
Yellen Says She’s ‘Not a Fan of MMT’ as List of Detractors Grows – BNN Bloomberg
www.bnnbloomberg.ca/yellen-says-she-s-not-a-fan-of-mmt-as-list-of-detractors-grows-1.1234065
Yellen says Fed purchases of stocks, corporate bonds could help in a downturn | Reuters
www.reuters.com/article/us-usa-fed-yellen-purchases-idUSKCN11Z2WI