MASSIVE BANK RUN In Canada! – Home Capital Group CRASHES & May Receive Bailout!

Josh Sigurdson talks with author and economic analyst John Sneisen about the continued developing story regarding Home Capital Group as it crashes and burns following massive losses.
This has become one of the biggest bank runs in Canadian history and the biggest bank run in decades.
Canadian Finance Minister Bill Morneau is not ruling out a bailout of HCG as the contagion affects other alternative lenders. But the FM says that there are private options on the table. Knowing the Liberal government in Canada, it’s unlikely that the private option will be put in effect.
This is due to insane derivative markets and government manipulated markets that pile debt on top of debt and always inevitably crash and burn.
John breaks down the latest and exactly what this will lead to.

Stay tuned for more on this incredibly important topic!

Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson
John Thore Stub Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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World Alternative Media
2017

“Find the truth, be the change!”

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21 Comments

  • ON Ontarible
    Reply

    How many homes will be lost due to this crash, will these homes end up in the hands of Moslems at taxpayer costs?

  • hangman1128
    Reply

    Bail the criminal banks out that have over charged and under managed their criminal empires.
    What a scam if I ever seen one.

  • carolyn suter
    Reply

    what did i say the liberals now canada admits liberals see wake up america wake up the liberals are at faulto

  • Mary Thompson
    Reply

    Thanks you guys but my boyfriend refuses to listen as he just is clueless when it comes to change..says it will never happen so l feel very helpless to try and convince him to change his investments over to bit coins or gold or silver.

  • withoutexcuse2011
    Reply

    In today’s wacked-out world, $2 billion is nothing. We’ll soon see but I don’t think that $2B is going to cause the expected financial implosion. What about contagion? Again, $2 billion doesn’t seem to have enough ‘punch’ to cause contagion. We should know this week.

  • Gerald Parker
    Reply

    I like that outdoorsy setting. I was trying to identify the birdsongs that are in the background. Was that a woodpecker there?

  • leftslayer
    Reply

    you’re right it looks like contagion…they say HCG only represents 1% of the housing market but then again it was the little dominos that brought down the big ones in 2008…Cheers and great video

  • Ryan O'Sullivan
    Reply

    LMAO BANK RUN!!!! people are sheep, we could be in complete economic failure and people still wouldn’t band together to run on the banks.

  • robotJINI
    Reply

    All Fiat currency go to zero. We are awaiting a world wide crash. Maybe Canada starts it…. good going LEAFS!!!!

  • Kirk Clements
    Reply

    it can’t be a bank run if it aint a bank – more of a non-bank run – mortgage lenders that are not banks will hardly cause contagion

  • Lao Mark
    Reply

    BANK RUN: Yes you guys have been right for a long time. Me having more than 3 decades of experience in the global markets, truely believe that this bank run will become a contagion and people now, with so much information unmasked on the internet, will start taking money out, at least from equivalent banks. I’ ve observed it happening in various countries over the years. Me myself when young undergone thru this and for being naive at the time lost a lot of money.
    . If I were there in Canada, I’d already taken my money out! And it shld spread to some banks in the US and then some places in the EU too. In the US it might start with the huge amount of subprime auto loans related financiers, which will be triggered by the Canadian situation. Beware and take your money out before the crowds!

  • Mary A
    Reply

    WHEN BANKS BECOME NOTHING BUT “SPECULATORS” & “PAPER TRADERS”, THEN YOU KNOW THE END IS NEAR !
    Since almost all nations now have “fiat currency” – backed by NOTHING – then WHERE is the value in “banking” ?
    NO, FOLKS – it is all a game of “Monopoly”, with an added touch of “Smoke & Mirrors” to all to the “Slight of Hand”.
    INFLATION WILL SOON DEVOUR YOUR SAVINGS, YOUR WEEKLY PAYCHECK, YOUR PENSION – BUY “HARD GOODS” NOW !

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