The Coming Collapse of Canadian Banks and the Canadian Economy

Originally posted by The Great Day

Originally posted by starwarsisreal
reply to post by lordvader

 

so in addition to illegal Mexicans we Americans should expect illegal Canadians?

well we allready have your yellow bellied draft dodgers

i dont even know what yellow bellied means lol

on topic, im trying to convince my mother to pull out her savings....and invest in life sustaining land in the Philippines.

edit on 16-6-2012 by The Great Day because: (no reason given)

Is yellow bellied the same as "you yeller dog"?

reply to post by InTheLight


somebody say they " Shot old Yeller " ????

speak up,,,
lol

Originally posted by BobAthome
reply to post by InTheLight

 

somebody say they " Shot old Yeller " ????

speak up,,,
lol

Maybe yellow belly is the new name for Canada. What with the economy the way it is. LOL

reply to post by InTheLight


for what its worth,,

www.youtube.com...

Old Yeller (1957) FULL MOVIE

reply to post by InTheLight


if its gold yellow,,lined with gold ,,sure,,

Originally posted by BobAthome
reply to post by InTheLight

 

for what its worth,,

www.youtube.com...

Old Yeller (1957) FULL MOVIE

Nope, it will make me cry, just like Canada's economic situation.

reply to post by InTheLight


i dont know if u are Canadian,, but we have been around,,a very,,long time,,

Constitution for Canada was the Royal Proclamation of 1763.

"The Constitution" ,,,
was adopted on September 17, 1787, by the Constitutional Convention in Philadelphia, Pennsylvania,

"Liberty, Equality, Fraternity", French Revolution.
On August 26, 1789, the "Declaration of the Rights of Man and of the Citizen"


Canada Act 1982.
Canadian Charter of Rights and Freedoms

its a start ,,
my personal favorite,, the BNA ACT.

so we might muddle through,,, and we are watching .. Hon. Mr plural,, Harper and Flaherty.

Well, as an above top secret agent, who is living in Canada under an assumed name, ( I assume it is my name) I watch the market very closely. And the banks.

Unfortunately for most doom lovers such as myself, Canada has some of the strongest most profitable banks in the world and only Switzerland, has a banking system comparable to ours. We lost no chartered banks during the Great Depression and only one bank has failed. Ever. Compare that to the thousands of banks that fail every day in the US.

The Bank of Nova Scotia, is a key member of the price fix for the value of Gold. Basically they get on the phone and say, an ounce of gold all over the world will be worth x today and make it so. And it is so. The member banks.
At the bottom of the page...
www.goldfixing.com...

The thing about the big 5 in Canada is they do require proof of income and do credit checks.
And they are not hard money lenders,
en.wikipedia.org...

Car dealers however have gotten more aggressive in lending. Money mart type banks are sprouting like weeds. Because the chartered banks only lend money to perfect people. VISA and Mastercard etc they can take some risky ones, but small amounts and by risky it might mean you have a perfect credit rating but have only been working for 2 years at your job. (Hence why Money Mart is so attractive for the middle class)

They can get payday loans and everything.

The big 5
seekingalpha.com...

As far as real estate goes, well its business as usual with supply and demand and normal market forces based on speculation where it is possible, and renovation usually where things are not being leased right away.
Lots of vacant space, but prices are not going too far anywhere that I know of except in small enclaves like Boardwalk and Park Place.
It's just the return of normal every day capitalism based on greed. What the market will bear.
It has been that way in Canada for a long time. Just like Syria we fight for our survival every day, except we live in the land of plenty have more of everything than anyone else in the world and have security and guaranteed health care, and a social safety net, and human rights embedded in our constitution, and we are a member of the G7, 8, 20, etc etc UN, and of course, we have Big Brother down south, protecting us, (and stealing our tar) yes we have tar, we have so much oil, only Saudi Arabia has more oil, and then we found as much oil, up north as Saudi Arabia has. We have these bogs and marshes and swamps that stretch for thousands of miles and they all have oil and natural gas in them.
And of course we have diamonds and nickel and copper and iron and everything and tons and tons of it and forests forever and the most fresh water in the world. And of course we are an agriculture giant on the world stage. The largest country in the world with a population the size of Tokyo.

This thread is really telling. There is no sign of this at all, and our banking is not the same as US. The housing situation is outrageous and many of us are waiting for the houses that were 200 000 10 years ago, now 450 000, to go back down to 200 000. And it would not be a problem with us.

Jobs are available to everyone I know who has been looking, they've all found employment.

We're not following down the US footsteps, and our employee, PM is very replaceable, not a problem.

So, what is this thread all about? Some kind of black op thing if you ask me.

reply to post by Rocketman7


cont'd...

basically if your poop stinks you will not qualify for a mortgage from any of Canada's large chartered banks. Which means the ATMs will work as long as there is electricity. And it also means we have a thriving private mortgage industry, which is where you see the things you have mentioned.

You are a lawyer and must understand that in this case it is contractual obligations between people, assumed to be of good will. And its caveat emptor, and you are expected to do your own homework or pay to have it done.

But of course there are regulations but the capitalist systems has degrees or levels of acceptable practice based on such things as hard money lending practices or Shylockian practices and even pawn shops.

But consider cable companies with monopolies and telephone companies and power companies and insurance companies, lots of monopolies in that mix because the cost of infrastructure in a large country means you have to guarantee return on investment. So laws are massaged always.

One price we pay for these larger than life banks of ours, is that people invest in mortgage brokers.

And they look for high returns. And it often ends up in some institution collapsing taking with it people's retirement savings they had in trust. And politics can play a part in that.

But thats not the backbone of our national economy, our chartered banks are.

Banking in Canada is widely considered the most efficient and safest banking system in the world,[1] ranking as the world's soundest banking system for the past three years according to reports by the World Economic Forum.[2] Released at October 2010,

etc etc etc
en.wikipedia.org...

SO! Guess who pulls the strings in Canada? Guess who sets economic policy?
We have our own sEcreT gOverMnet.

You know usually if you have the Olympics coming or something you can generate a bit of hype and raise real prices. But we just don't want to raise prices because now follow me closely here....
rents dictate commercial property valuation, and commercial property valuation affects residential property valuation, and wages, affect rental values because, you can only pay the amount of rent you can afford.

So you see wages are tied to real values in the capitalist system and it is self policing.

We have the big 5 for big money big resources big industrialization, big nation, spawn of Britain what can we say? lol Blame them.

reply to post by Rocketman7


cont'd...

In Canada we have strong Nationalism, but you need Nationalism in order to have capitalism, because otherwise the system will break down.

For instance if you subvert the capitalist system by bringing in people to pay higher rent, then you are subverting the system by not permitting it to self correct and align with wages.

You see wages and real values and consumer spending and expendable income, and employment figures gives you the snap shot of this nations economic health.
And they are all related and should be all working in harmony. The economist (true economist) knows how to manipulate those factors to bring them into harmony to achieve a means to an end.

Such as to raise interest rates or lower unemployment or to encourage investment in a region, and even how to manage surpluses and create surpluses and how to manufacture a real estate boom and engineer a soft landing and how to manipulate the markets by putting forth an image to the press in a unified manner on a group theme. etc. How to form coalitions and organizations and make trade laws. We are good at all that stuff as Canadians and even have an ace in the hole in the form of Quebec, which most people know little about but you can look at one university in Quebec to see it is a leading university.

McGill as an example...

With almost 215,000 living alumni worldwide, students and professors at McGill have been recognized in fields ranging from the arts and sciences, to business, politics, and sports. Notable alumni include eleven Nobel Laureates, one hundred and thirty-two Rhodes Scholars, three astronauts, two Canadian prime ministers, eleven justices of the Canadian Supreme Court,[9] three foreign leaders, nine Academy Award winners, three Pulitzer Prize winners, and twenty-eight Olympic medalists.

and because Quebec is French Speaking and has a Napoleonic Code of Law, as opposed to common law in the rest of Canada, we have a lot of bases covered. We can cosy up to Britain AND France.
Not to mention we have great relations with almost every country and trade a lot with Asia, are totally in bed with Asia in Western Canada, and in bed with America we are like the other Texans in Alberta, and in Manitoba and Saskatchewan, it is little Mother Russia.

GDP per capita? 50,000 bucks.

We have so many new cars here all the time that we just can't sell any more new cars. Car sales are down a bit. But oil prices are up a bit. See how that goes hand in hand? You want to raise oil to that level then we will ride our bikes. We are like that. We don't take no guff from nobody. We will ride our bikes in the rain, before we will pay that. So then they drop the price since they can't sell it. Cars get good mileage now so its a game of what? Supply and demand.
en.wikipedia.org...

Where I live, Victoria, the unemployment rate is 5 percent. Which is about ok because less than that and employers will insist on immigration.
Immigration is ok in small doses. But lately they have forgotten our mission which is that we are a Christian country, and should be just allowing Christian like people to immigrate to avoid cultural conflicts.
And to avoid communities becoming little versions of other people's countries.
They just refuse to melt in the pot.

reply to post by Rocketman7


finally...re: Supply and Demand (the brand of capitalism we are selling world wide at present)

Criticisms

At least two assumptions are necessary for the validity of the standard model: first, that supply and demand are independent; and second, that supply is "constrained by a fixed resource"; If these conditions do not hold, then the Marshallian model cannot be sustained. Sraffa's critique focused on the inconsistency (except in implausible circumstances) of partial equilibrium analysis and the rationale for the upward slope of the supply curve in a market for a produced consumption good.[19] The notability of Sraffa's critique is also demonstrated by Paul A. Samuelson's comments and engagements with it over many years, for example:

"What a cleaned-up version of Sraffa (1926) establishes is how nearly empty are all of Marshall's partial equilibrium boxes. To a logical purist of Wittgenstein and Sraffa class, the Marshallian partial equilibrium box of constant cost is even more empty than the box of increasing cost.".[20]

However, imagine you yourself were a businessman, and tried to operate a business without being flexible, and tried to run it by the book, what would happen? Chances are you would go broke. So we are never all this and not that. And in doing so we are all that. We manage our economy like a business, have great politicians, and tell them please please please talk a lot about everything but do nothing. We have our laws and they work and our constitution and so politicians have it easy now. They feel guilty like they should be passing laws of chasing witches or something. So often we have to tell them to do as little as possible. Otherwise governments are like a machine that you can't turn down let alone turn off. Its like a lawnmower that just won't stop.
Its great when the grass needs to be cut, but then you need to let it just sit there. Or it will go after the flower garden and you know that.

So when I say we are chasing supply and demand, that is what we are doing. And yes we still have some monopolies and pseudo monopolies and partial monopolies and those who just stand accused of such.
We have not perfected the system by any means. But its still the best system for the country as a whole.

We have greatly influenced America, by our liberal free thinking approach to economics, and they have influenced us, in turning a blind eye to some business practices that maybe need to have greater flexibility.
We used to be fanatical about the law. If your sign or your product made a claim, if it could not justify that claim, we would charge them with misleading the public.

Can you imagine? We put people in prison for misleading the public. America functions on misleading its public.

I don't want to give you the impression that Canada is number one in the world because its not. Norway is a better run country. It has a smaller population and smaller area but better social safety net and a more family like atmosphere.

If you wanted to go for the brass ring, as a nation, you want to keep up with Norway.

Norway has extensive reserves of petroleum, natural gas, minerals, lumber, seafood, fresh water, and hydropower. The country has the fourth-highest per capita income in the world. On a per-capita basis, it is the world's largest producer of oil and natural gas outside the Middle East,[12][13] and the petroleum industry accounts for around a quarter of the country's gross domestic product.[14] The country maintains a Nordic welfare model with universal health care, subsidized higher education, and a comprehensive social security system. From 2001 to 2006,[15] and then again from 2009 through 2011, Norway has had the highest human development index ranking in the world.[16][17] In 2011, Norway also ranked the highest on the Democracy Index.[18]

So you see we compete with Norway all the time as a nation and they kick our ass all the time.
In terms of quality of life.

The Nordic approach to human welfare is far superior to the American model and we are greatly influenced by the American model due mostly to lack of education. We have a great education system, but it believes everything it sees on TV. And our blue collar class is dumb as a sack of hammers and very vociferous regarding people getting benefits of any kind, since they can't see past their nose basically. They just don't understand something like quality of life. For them thats on page one of their life story but there is only one page to their life story and lunch break and football and hunting and hockey and related info is what has filled their gray matter to capacity.

reply to post by Rocketman7


I agree, Norway tops the charts in highest standard of living. It has the best form of democracy too, not winner take but a form of proportional that ensures people's votes aren't wasted. And control over the cost of essential items such as housing food and heating. I don't believe in a monied system, but the Venus system, however, in a monied system, Norway is as close as it gets. It only must get rid of whaling and murdering a species as intelligent as man.

Originally posted by InTheLight

Originally posted by The Great Day

Originally posted by starwarsisreal
reply to post by lordvader

 

so in addition to illegal Mexicans we Americans should expect illegal Canadians?

well we allready have your yellow bellied draft dodgers

i dont even know what yellow bellied means lol

on topic, im trying to convince my mother to pull out her savings....and invest in life sustaining land in the Philippines.

edit on 16-6-2012 by The Great Day because: (no reason given)

Is yellow bellied the same as "you yeller dog"?

not sure if your being factitious....if so touche!

if not...google is your friend...

Yellow Belly www.phrases.org.uk...

i only know this term from watching John Wayne re-runs from the 60's

remember that..... when you want to turn on your fellow human from another land



long live knowledge....for it is key

reply to post by eNaR


Enar
the Investors (the purchasers of the Mortgage Backed Securities (MBS)

THAT is who owns the debt.
CMHC "facilitated" the transaction.
You better go back to the accounting department, your comprehension skills suck.
So do your politics, it's obvious you are a leftist whack-job.

T

I was just joking about the yellow belly and old yeller dog, then again we forgot "are you yellow?".

Anyway, you people portray Canada's economic situation as promising, rosy even. But, from reading the actual numbers of Canadian debt stats, I'm still pessimistic even though the job stats have improved. We're still being gouged.

From link: After falling slightly at the end of last year to 150.5 per cent, the ratio rose to 152 per cent in the first quarter, the agency said. That means that for every dollar Canadian households earned, they owed $1.52 in debt on average. The ratio is considered a proxy for consumers’ ability to repay their debts.

www.thespec.com...

I was just doing a little reading about the buying power of our Canadian dollar and we're still paying high prices even when our dollar is at par with the USD.

From link: Nonetheless, back in 2007, retailers promised that given time prices would begin to adjust accordingly to the increased value of the Canadian dollar, as many items (particularly books) are priced anywhere from six to twelve months in advance. Yet even after three years, Canadians have seen no major difference. And as hopes that we will ever see the benefits of a soaring loonie begin to ebb, Canadians have instead turned to online shopping or have chosen to make the drive across the border, making sure to remain there at least 48 hours so as to avoid the extra custom fees.

Also, I read recently that our booze prices are kept high because the government wants to help us drink less. (rollingeyes)

Originally posted by InTheLight
I was just joking about the yellow belly and old yeller dog, then again we forgot "are you yellow?".

Anyway, you people portray Canada's economic situation as promising, rosy even. But, from reading the actual numbers of Canadian debt stats, I'm still pessimistic even though the job stats have improved. We're still being gouged.

and so you should be sister...ps... a fellow human here given a national title at birth as Canadian.....but i refuse to be labeled by man.


I AM HUMAN and this is my earth

prepare

Get your money OUT of banks....mild suggestion.

Skip this add before the vid
www.youtube.com...

www.zerohedge.com...
www.dollarvigilante.com...
www.spiegel.de...

Oh, now it all comes into play. Whoever is trying to shake down a strong economic country, is spreading FEAR, and hopes to entice Canadians to take their money out of their banks. I guess that could crash them a little.

I'm calling the dark side out right now. When it comes to my country, BACK OFF, SIT DOWN AND GO TO THE CORNER. YOU ARE SO TIMED OUT.

Coffee's on and I want you to show up, because I have a lot to say to you.

Stop following bad orders Prime Directive is to Free This Planet!

Originally posted by Unity_99
Oh, now it all comes into play. Whoever is trying to shake down a strong economic country, is spreading FEAR, and hopes to entice Canadians to take their money out of their banks. I guess that could crash them a little.

I'm calling the dark side out right now. When it comes to my country, BACK OFF, SIT DOWN AND GO TO THE CORNER. YOU ARE SO TIMED OUT.

Coffee's on and I want you to show up, because I have a lot to say to you.

Stop following bad orders Prime Directive is to Free This Planet!

edit on 17-6-2012 by Unity_99 because: (no reason given)

IF....you had a lot of savings in a bank right now.....how would you feel?

like i tell my mom....at least pull some out...give it to me..i will buy you land that will at least give you all the food you can eat in return.

She thinks im a nut....i will be sad for all of us when your life long hard earned savings turn to nothing.

but that wont stop me from taking my seeds deep in the jungle and occupying a peace of God given life sustaining earth....