By: David Tiessen

David Tiessen — Tue, 25 Mar 2025 03:23:57 +0000

You said it. Theft of boomer wealth underway. They’ll never recover and what they lose wont be passed onto their kids. CHMC they’re complicit, they insured the debt to the tune of 100% GDP (US morgage debt 2007 was 72%) And Canada’s was 40% in 2000…… that when policy to target domestic housing was made…. it took a long, calculated time to get to the structurally weak, house of cards economy the BOC, banks, and CHMC built. No need to ask why it should be obvious, but in event its not let me add trade was 83% of GDP in 2000 (imports + exports) Canadian’s had steadily built a fundamentally stronger and stronger economy – a real GDP economy making and selling real things not the financially engineered economy built on flipping existing houses to one another putting each other in debt more and more. Trade dropped to 58% in 2008 and stagnanted since. Trade war will implode everything and we know this because we did it before – US Smoot Hawley import tariffs – introduced April 1929, stock market crashes Oct, March 1930 the US tariff’s enacted and swiftly Canada and the world retaliated and world trade fell by 66% over next 4yrs as every nation including the US imported and exported less. So why are they doing it again…. same reason they did the 1st time…. to steal wealth and set the stage for what comes next. Canada should not be retaliating, who increases price on themselves? Canada should be negotiating and mitigating with domestic spend projects to ensure Canadian’s have income/ can make their inflated mortgage payments. Nov 5 Trump elected. He talked tariffs constantly from there. 6 months later what solutions have politican’s arranged? Trudeau conveniently closed Ottawa so no solutions could be arranged and Carney’s in now and has not even met, called Trump re tariffs. No one plans to prevent what they have set up – the implosion of the Canadian economy and way of life.

By: Cardinal

Cardinal — Wed, 19 Mar 2025 12:33:20 +0000

Shameless plug for the enslavement of an entire generation of Canadians. Teaser rate to get you hooked on huge credit balances then fight to keep your head above water when the inevitable rate hike comes five years from now when you have to re-negotiate to save your family home. Why do we think this is normal? The banks work for us not the other way around increasingly this seems to not be the case. CMHC Where are you in all this? Helping to further inflate the bubble.

Comments on: Mortgage rate war heats up as big banks slash rates — “The spring market starts now”: Butler

By: David Tiessen

By: Cardinal