Thursday, March 16, 2017

Consumer Debt Worth More Than Entire Economy


An article in Huffpost points once again to the illusion that is Canadian prosperity. The video leads off with the statement that 'Canadian consumer debt is now more than the entire economy'. We also have more debt than any other G7 country.

I am not real bright, but it would seem to me we can't keep living in the land of make believe forever. Given that neither the banks nor the governments seem to have any real long term strategy, it might be time for some gold coins, beef jerky, bottled water and a AK47.


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