Mortgage Rates

Curiosity Premiums SKYROCKET In Canada As Housing Bubble Worsens! – What This Suggests





Josh Sigurdson talks with author and economic analyst John Sneisen about the modern responses manufactured by The Bank of Canada’s Stephen Poloz regarding the continued increase of curiosity rates. According to Poloz, if you will not like curiosity rates going up, you really should invest in a smaller dwelling.
As we see the return of collateralized debt obligations, mortgage backed securities, credit rating default swaps, reverse home loans and other craziness that we saw in 2006 and 2007, a thing large is brewing, and the continued increase of curiosity rates meant to in the extended expression subdue the slide of the Canadian Greenback is building the trouble that a great deal even worse.
Toronto and Vancouver have some of the most epic housing bubbles out there. Toronto is really starting to teeter off into a bear market.
The central lender in Canada is desperately trying to raise curiosity rates in order to stop them from going negative in the inevitable scenario of a dollar crisis.
All fiat currencies at some point revert to their correct worth of zero. They constantly have, they constantly will going again to 1024 Advert in China. This time is no distinctive. Even though we are unable to forecast WHEN the crash will take place, it has to take place all the identical. It really is inevitable, there are just no fundamentals to look at and correctly forecast.
In the United States from 2008 to 2012, curiosity rates had been dropped about 5.5%. Now envision, the monetary technique and the markets have been propped up ever due to the fact, not “saved” and the stage they will have to fall out curiosity rates will be far increased. It just are unable to be sustained, so they will go negative.
This will deliver them into the centrally planned cashless society which we crack down in the movie.

The issue is, the debt masters will shove us to our knees and for that purpose, we as persons have to crack no cost and be self sustainable, educated, responsible and impartial. We require to stop relying on these men and women who depend on our dependence. With the pension schemes achieving their peak and looking at a world shortfall of 400 trillion dollars by 2050, this will not end effectively for us collectively, but if we acquire the proper actions as persons, we can prevent a whole lot of the anxiety.

Beneath Trudeau, taxes are skyrocketing along with elevated restrictions and total centralization of society. This is a recipe for crisis and we require to fully grasp it to prevent it.

Remain tuned for more from WAM!

Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson
John Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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37 comments

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    Reply
  2. cash will soon become king again, I will be rejoicing when that day comes, hurry up and happen already

    Reply
  3. "Such is the world in which we find ourselves – a world which, judged by the only acceptable criterion of progress, is manifestly in regression. Technological advance is rapid. But without progress in charity, technological advance is useless. Indeed, it is worse than useless. Technological progress has merely provided us with more efficient means for going backwards." – Aldous Huxley, Ends and Means, An Enquiry into the Nature of Ideals and into the Methods employed for their Realization, 1938

    Reply
  4. “Good ends, as I have frequently to point out, can be achieved only by the employment of appropriate means. The end cannot justify the means, for the simple and obvious reason that the means employed determine the nature of the ends produced.” – Aldous Huxley, Huxley's Ends and Means, An Enquiry into the Nature of Ideals and into the Methods employed for their Realization, 1938.

    Reply
  5. "The sooner we convince ourselves that ‘historicalness’ is not a value and that what we allow circumstances to make us do has no necessary connection with what we ought to do, the better it will be for ourselves and for the world we live in. At the present moment of time, the ‘historical’ is almost unmitigatedly evil. To accept the ‘historical’ and to work for it is to co-operate with the powers of darkness against the light.”. – Aldous Huxley, Huxley's Ends and Means, An Enquiry into the Nature of Ideals and into the Methods employed for their Realization, 1938.

    Reply
  6. A recession has followed after an inverted yield curve since 1947

    Reply
  7. Join Toronto Housing Market Crash movement https://www.facebook.com/groups/213639685923730/?ref=bookmarks

    Reply
  8. So Canada sky rockets to 1.5 but USA is at 2 and it’s ok. Wtf

    Reply
  9. I didn't watch the whole video but the headline is "rates skyrocket" yet you fail to mention the rates???? And for sure with these low rates as in the US the economy should have boomed a long time ago—so something is drastically wrong.

    Reply
  10. Rates are so low still. 2.5% variable

    Reply
  11. Good luck to the people buying gold, let's see how long you can hold it.

    Reply
  12. No worries I will go live in a cave, not in this whether though!!!

    Reply
  13. You Canadian are screwed big time they wants slice of your money , move out before it’s to late , god help you , your so going into some big shit be prepared your gonna lose 50% of the value of your house.

    Reply
  14. Guys, I think you have interesting videos. But please, when you make references to historical characters or alike be careful … Marco Polo and the Spanish … Kind of not stick together in the example you gave. On your attitude with video content and production keep up with your work!

    Reply
  15. Fatty thinking about kfc all video long

    Reply
  16. He's not kidding about smaller houses….look at Japan, people live in homes the size of some peoples garage

    Reply
  17. WEED will be legal in Canada in October 2018. But I agree with you John, decriminalization is the way to go, as now the governments are involved in pricing and growing and distributing and like anything govenments get involved in, they'll f@%k it up.

    Reply
  18. In Portugal starting today the banks are forced to "reflect" the negative interest rate in mortgages…So as long as euribor stays negative the bank will give some "line of credit" that will build into a "fund" that when interest rates rise that money will get discounted…

    Reply
  19. I now have a new trade, learned to build solarized e-trikes. Upgrading to a solarized e-rv.
    Can go anywhere and save $10k/yr on Auto costs and $12k/yr on housing costs.
    $2500 investment saves $21k/yr, that's what I call a return on an investment.

    Reply
  20. ALL money is DEBT! And it can never be repaid because every dollar that is issued comes with that little bit of interest. Until we remove the power to issue money from the banks and give it back to the BoC we will be stuck in the debt cycle and the banksters will be rolling in dough, dough that we are paying interest on.

    Reply
  21. If they start charging people interest to keep their money in the bank……..will many start buying silver and gold with it?

    Reply
  22. LOL Buy a tent! Some houses are assets because they are build on farmland (growing and raising food) with clean drinkable water.

    Reply
  23. more doom porn, the sky is falling, buy gold! Don't underestimate the need for chinese and indian sweatshop overloads to hide their profits in canadian real estate. We are seeing a phenomenon never before witnessed.

    Reply
  24. DEFLATION IS HERE…..PRICES OF GOLD/SILVER/COPPER/OIL all going down and so will all assets. WATCH AND SEE IF CENTRAL BANKS COME OUT AND START BUYING BONDS AND STOCKS AND GIVE BASIC INCOME TO ALL! BANKS NEED INFLATION TO SURVIVE.

    Reply
  25. Legalize it! Genesis 1:29

    Reply
  26. Debt is just a symptom of the problem and not the actual problem because IF and/or SINCE all money is digital and exists only in computer harddrives and ledgers then there will ALWAYS be an INFINITE capacity to service that debt.

    The REAL PROBLEM is that the current generations have abandoned the foundational premise (i.e. foundational to free societies) that started with the Magna Carta and was a rallying cry of the US revolt. That premise is 'No taxation without representation" which has been embraced by both the populations and the politicians of the entire Western world. When current generations pass their debt onto future generations they have revoked that axiom and have sent their progeny to the slave plantations. Even more guilt needs to be ascribed WHEN you add digital fiat money to the equation because EACH generation, EACH budget by a government that passes debt onto future ones does so SOLELY because they don't WANT TO create enough digital money (sic. for free) to pay the debt.

    There is NO EXCUSE for that other than a generation's wanton desire to commit financial cannibalism of their young.

    Reply
  27. excellent

    Reply
  28. It was 15 workers per retiree when SS was enacted, now its 3 workers per retiree.

    Reply
  29. Buy a condo, cram your family into a 2 bedroom for $750,000! $800 per month maintenance and $500 a month in taxes! woo hoo, sign me up for that deal. Or, buy a smaller house 600 miles outside the city!

    Reply
  30. Gold is an Asset.. a House is the banks and governments way of extorting you

    Reply
  31. Toronto housing market is fucked.. weather u rent or own u need to be making over 40,000$/year to just live here.

    Reply
  32. Where my fello Canadians at!?!

    Reply
  33. Mike Maloney Hidden Secrets Of Money Season 1Episode 1, enough said.

    Reply
  34. But after all the account bleeding and looting, break even requires 20 percent long.

    Reply
  35. Better yet, investigate 911, WWI, WWII to follow the money and determine it was the owners of the central banks that have been creating global conflicts and robbing the world. Follow the money to the top of the pyramid. Then disburse all of the trillions in wealth these demons have amassed.

    Reply
  36. Smaller means you have gone backwards. Sell everything you have, your house, car and invest it all into cryptocurrencies.

    Reply
  37. Canada it's Cold in Winter, whats it like in Venezuela?

    Reply

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