MASSIVE Canadian DEBT BUBBLE! – The Banks Are In Trouble!

Josh Sigurdson talks with author and economic analyst John Sneisen about the massive debt bubble facing down Canadians across the board as credit quality continues to diminish and loans get crazier and crazier.
The banks are feeling the results of this credit problem.
Banks are already heavily insolvent considering their cash to deposit ratio is enormously low to begin with, but now on top of this earnings are taking a hit due to loan losses.
The dependency on debt in Canada and basically everywhere else in the world is contributing to the massive “everything bubble”. Debt leads to dependency, dependency leads to servitude. It’s quite simple. The banks and governments of the world are pushing people into this realm of complacency to be more easily controlled and the populace must learn how to understand money, be independent and responsible.
All fiat currencies throughout history have crashed and this time will not be any different. So as we approach the inevitable, individuals taking action and ensuring their own financial stability going forward is a must!

We will continue to cover this issue closely! Stay tuned for more from WAM!

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Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson

Graphics by Bryan Foerster and Josh Sigurdson

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2019

“Find the truth, be the change!”

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25 Comments

  • serge
    Reply

    they are not. in 2018 there were global bail in laws. they will be good. and police recruitment is in increase in all these countries.

  • Matt ward
    Reply

    Not to worry , Trump just said they are very close to a China trade deal so you know the futures now are going to soar and the market will move up huge tomorrow!! The con game continues!!!!!!

  • Ronald Pickett
    Reply

    I had to read that. SOURED LOANS. You said Sword loans! Good lord I thought they were getting ready for battle!

  • Crusader Cross
    Reply

    Canadian Banks got 114 BILLION dollars of Bailout from Canadian Taxpayers in 2008/09 and have never paid 1 cent back. They are all BANKRUPT.

  • bev lower
    Reply

    you know the deal…you owe the bank a thousand dollars, you’ve got a problem. you owe the bank 100, thousand dollars, the bank has a problem. well, the bank doesn’t have a problem…YOU DO!!! THE BANK will just fold & walk away…YOU better RUN!

  • wayne mcclory
    Reply

    Zero growth in the world says recession is here now. Don’t spend any money unless it’s for precious metals ! People will be jumping out windows very soon.

  • Iraj Yaghooti
    Reply

    You are wrong, banks do not get into trouble ITS US, which are in trouble, they rub us as you know it well.

  • Pay Star
    Reply

    DO NOT GET SCAMMED WITH SO CALLED ” GOLD AND SILVER ” PURCHASED FROM THESE BROKARAGE GUYS ! oNLY CERTIFICATES are given for your hard earned cash . Worthless !

  • phil Smith
    Reply

    Fuck those banks. They are all frauds. Nobody should pay their loans back fuck em all…. Thx for the update…

  • Autojones
    Reply

    The banks ?!!! Ahhhhh ha ha ha ha haaaaa!  It’s amazing how many people don’t get this IS how the scam works. One day we will all go to the ATM and it will be very obvious who is in trouble. Banks get bailed out, depositors get bailed in. even the banks that crash will come back under a different name or will merge with bigger banks and the criminals will reappear with new high paying jobs. The private central bank/ fractional “reserve” system is a very thinly disguised Ponzi scheme. it has happened over and over in history and the majority never figures it out. see “The secret of oz”  or “the hidden secrets of money” from Mike Maloney . this is NOT a accident.   It’s how the useless leech banking families steal the labor and assets from those who produce.

  • Sean Roberts
    Reply

    True wealth Land, Gold, Wife & Children. Then the greater community and defence + internal growth. Wash repeat.
    |Posterity Driven Economies|
    Because what happens to the children after us?*

  • Nora Clarke
    Reply

    Consumer credit is deteriorating in the United States as well. Over 90 million auto loan delinquencies 90 days past due. I wonder what percent of those loans belong to illegals

  • who cares
    Reply

    Big drive in ireland to go cashless.
    Trudeau having been over recently with our treacherous leader, varadkar. Both went jogging and compared socks🙄 meanwhile ireland is to spend 1.8 billion on a childrens hospital…….the most expensive in the world, but at least our socks are cool🙈

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