Canada’s Debt Reaches CATASTROPHIC Levels! – Why You Should Be Concerned!

Josh Sigurdson sits down with author and economic analyst John Sneisen to talk about the catastrophic rise in private debt to GDP in Canada as Canada moves from 10th place to 6th place world wide in debt accumulation. Canada has also reached first place out of G20 countries.

Private Debt to GDP in Canada averaged 210.45 percent from 1995 until 2016, reaching an all time high of 266.89 percent in 2016 according to Trading Economics.

With alarming market manipulation, derivatives markets, fiat currency printing and government spending, there’s no doubt that Canada’s on a collision course. The question is, when?

Well the fact is, fundamentals are off the table so an exact date can’t be placed on it. The markets and monetary system is being rigged to such an extent that the crash is constantly pushed forward into the future causing the looming crash to become more and more inflated and dangerous.

For example, the Vancouver real estate market was ready to implode and the bubble was ready to burst, however it recently did the impossible and started climbing in value even further! This means the bubble burst is going to be epic and will surely be heard around the world.

Globalist central bankers and market manipulators love the notion of pushing the populace into a bottomless pit of debt as the public then has no choice but to beg the government and banking system for a ladder up. This is servitude and it’s the servitude the establishment wants for the public.

Stay tuned as we continue to break down this horrific looming crash and continue to show people how to insure their wealth with gold, silver and of course cryptocurrencies like Bitcoin, Ethereum and STEEM.

Video edited by Josh Sigurdson

Josh Sigurdson
John Thore Stub Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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  • brock marks

    seems like socialist are going to destroy the world economies…. what would u suggest to invest in to protect against the inevitable fall?

  • Ben S Larsen

    Thanks again guys for getting the word out. You should do a quick background on PET to let your viewers know exactly what were in for, for those who don’t know.

    Also this collapse is obviously a controlled decent and a new system will be ushered in, now to go along with that I’m not exactly sure that, due to our dear country selling off its reserves of gold, I have a suspicion that gold will be outlawed (happened in the US years ago). The new system would likely be digital and not bitcoin. The banks want their own basis and id bet my right nut that its not going to be a competitive crypto currency .

    Summary, theyre buying time, literally, so have your gear in order (food, purification means for water and the ability to get food. IE: fishing, hunting) The game is to cause a sense of panic, or at least have people who can read the signs become discouraged and doubt themselves. As if you were driving down the road and kept seeing a ‘bump ahead’ sign. You keep driving and see another sign, then another after slowing down for each and never coming upon a bump. Then out of no where 20km down the road you slam into a crater and blow a tire and cause damage to your vehicle leaving you stranded.

    It will come, but its a game of deception.

  • Jaguar

    Asshole please stop spreading this propaganda
    You representing those fucken globalist in porpoise making to trow away government and create one government to the world.
    Shout your stupid mouth.

  • jim hayman

    josh and john great informative video john look forward to reading your book keep us updated all the best guys

  • Ken Sarasin

    found out yesterday that trudeau senior shut down our bank of canadas ability to create and lend money. interest earned on this money was used pay down debt. the liberals gsve our money printing to a swiss bank. we will be paying this bank forever and will never pay down the dept. unless we can bring our own bank into the system, we will be a basket case forever. this was brought about trudeaus desire to join the new world order.he sold us down the river and caused our liability to be poorer forever.

  • TheJules1003

    Jihadi Justine Turdope aka Fidelette Castro Jr., aka SCUMBAG and the name SCUMBAG suits him the most. This no good for nothing should be impeached immediately and thrown to the wolves.

  • Frost

    The major difference between US bubble and Canadian housing bubble is the Chinese investors. As long as Chinese millionaires keeps pumping money into Toronto/Vancouver markets the bubble will continue indefinitely. The moment it stops, the musical chair game will crush very quickly as 95% of Canadians can not afford a 1.5 million dollar home in those two cities.

  • grampysmurf

    Bullshit, bullshit, bullshit! Canada’s debt show us a signed contract of the loan or shut the f up. These Rothschild bank have made slaves of both American and Canadian citizens. I never volunteered to be a slave to any man let alone thrives! All of the illegal income tax the government steals from the citizens is given to these bankers to pay the interest on this imaginary debt. We can never pay this off, thus we have all been turn into slaves by our own government. We the people elect the government official to serve us they should be there for us! Not to sell us into slavery to these banks! It is time for a major recent of the monetary system. Don’t be afraid to yell out screw you I am no slave and you are not entitled to the fruit of my labor. “Income Tax”. If I owe you a debt show me my signature on a contract! If you can’t do that then Fuck off! what you are doing is theft and slavery both of which is prohibited by law. Even the government has to operate within the context of the law of the land. Refusal to comply to the law makes the operating government in violation and as a result the people have the right to ignore the government altogether. Wake up people call your politician and tell them you are mad as hell and are not going to take it anymore!

  • KingHockeypuck

    Money is the same as slavery. Money is the same as owning another person. Owning a part of another person is wrong. Money is like having stock in humans. It is fundamentally flawed.

  • Oculus Prime

    I’m guessing Trudeau thinks bringing in more Muslim immigrants is the solution to their debt problem. But, hey, let’s not judge! I’m sure he’ll do a better job at running Canada when he reaches puberty.

  • dchris Recy

    the effects are temparary. the issues are not Vancouver…. the problem is Ottawa. poor houses sales have decreased the values. so places like this are the real problem…. 11% of condos are selling and 23% of houses. it os picking up. but the only sales are so much lower that many are selling way below what they paid…

  • Michael Warhurst

    Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of democracy is idle and futile.– Canadian Prime Minister William Lyon Mackenzie King, 1935

    “Once a nation parts with the control of its currency and credit,
    it matters not who makes the nation’s laws.  Usury, once in control, will
    wreck any nation.” — William Lyon Mackenzie King, prime minister of
    Canada, 1935
    “The few who understand the system will either be so interested in its profits or be so
    dependent upon its favours that there will be no opposition from that class,
    while on the other hand, the great body of people, mentally incapable of
    comprehending the tremendous advantage that capital derives from the system,
    will bear its burdens without complaint, and perhaps without even suspecting
    that the system is inimical to their interests.”- The Rothschild brothers of
    London writing to associates in New York, 1863

    Dangerous levels of private debt is the result of the systemic fault in ‘money creation’. All money that currently exists was created through debt. However the interest money is never created which means that there is never enough money in the economy to pay all of the debts plus interest! As the ‘interest’ money is simply never created this means that the middle class is always in the revolving door of economic strangulation and and one step away from an economic death spiral resulting in bankruptcy, fire sales on assets and lower standards of living. The best solution for this systemic economic destruction of middle/working class families is what Canada achieved from 1937-1974. In 1935-7 Canada purchased the Bank of Canada and the Finance Minister holds all of the shares (this is unique in the G20). The B of C immediately started creating debt and interest free Canadian money to spend into the economy. This government created money did two necessary things. It employed working families lifting them out of poverty and it increased the money supply enough that more and more working families recovered financially and were able to pay their debts plus interest, keep their assets and avoid the personal and social disaster of bankruptcy.
    The corporate economists will rant about the specter of “inflation” and the cry will be “higher interest rates”!!! These corporate lackies are lying by omission, besides raising interest rates (which transfers money from working families to wealthy elites!)there is a second way to beat inflation and reduce the money supply which does not require raising interest rates (and which financial elites and their pseudo economist advisers would rather cut their tongues out and stand on them than tell us) – taxation – which can be aimed at the people sucking up all the money.
    In fact the only legitimate use of taxation for a sovereign government is to reduce inflation! A sovereign government can create and spend interest and debt free into it’s economy any amount of it’s own currency – it never ever has to borrow it’s own money – EVER!
    The reason why the B of C provided debt and interest free money for the Canadian government to spend into the economy providing jobs for the unemployed and preventing families from falling into poverty and destitution, is because it’s mandate was “full employment”. In 1974 the Canadian government re-tasked the B of C to “fight inflation” and so began the downward spiral into a very serious debt trap and economic stagnation. Harper exacerbated this problem by exchanging Canadian denominated debt for American dollar denominated debt, which prevents our government from escaping the debt trap which is currently destroying families and communities and our country.
    Canada has already demonstrated the solution to creating economic stability and growth, if we learn from our own history we can turn disaster into economic and social success.

  • meagain2222

    I think the biggest thing governments know is they can print money to get out
    of dept.Which would cause big inflation and that means your paying the banks
    back with dollars which are worth a fraction of what they are worth in buying power.
    So as far as the government is concerned they can’t lose.Isn’t this true?

  • Lao Mark

    I trust you guys read the important book, “Madness of the Crowds”, which starts with bubble and implosion of tulip flower prices in Holland in early 1600’s. And since then ( and much before that, of course) we, unreasonably, stupidly and naively created all types of bubbles in all sorts of markets. And now we are probably in the top of the GREATEST multifaceted bubbles across the world which will explode one after the other… likely starting this year, dependin on the games and manipulations the Central banks make.

    Besides….Derivatives became riskier than ICBM (Intercontinental Balistic Missels)… what was originally financial engineered (to a great extent) to hedge and increase the balance/ avoid wild fluctuations in the markets, got insanely/ irresponsibly much out of proportion to reality that they can explode at any time. They are extremely levereged fiat papers structured on top of fiat paper moneis or infinitely small existence of real assets.

    Like the naively (or maliciously) engineered deregulation of the markets over the past several years with the “childish” creed that free markets auto-regulate themslves, derivatives became actual weapons of mass destruction. Derivatives, as broad deregulation, turned out to be criminal, gigantic tools of manipulation and printing profit machines in the hands of the top 1% of bankesters, big headge funds, billionaires and alike which are the ones reaaly controlling the mkts in their unlimited greedy self benefits.

    Only naive (or devilsh) minds would trust that limitelss derivatives (multiple times the quatity of the assets that would back them) and vast deregulation would not be used by the criminal, manipulative, top elites to further control the people and enrich themselves with consequent destruction of the great majority of the peoples’ finances, retirements, families etc. health. And thus we have been seen over and over again!

  • maxedgardogarcia

    you think luxembourg is in debt because juncker got a loan? my god, you guys have no idea about economics.

  • Joy C

    I think the PM is lining his coffers for this while plunging Canada into that. Maybe China or Saudi pay him to do it. Hidden.

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