People need to listen and listen well. Yes stocks go up and down…..that’s true. But what they should never do is drop nearly 2000.00 points in 2 months. The TSX was 15,047.34 at the beginning of June and by the end of this week it will be below 13,000. That’s a very big deal. The Canadian Economy lost nearly 60,000 jobs in July and will probably loss the same if not more in August. Housing is on the verge of tanking!!!!! WOW! Time to take your seat and put your seat belt on…..it’s going
In spite of all this hype about the economic stock market shooting upwards, the economy is in big trouble. Once Iran starts to make a scene ... expect oil prices to shoot sky-ward, which will send the price for gasoline up with it. The U.S. is in a big heap of trouble with its greenback. Look for interest rates to rise to counter the inflation, ailing the American dollar. Layoffs and high unemployment will plague both, the U.S. and Canada.
Yep .. when America catches a cold, the rest of the world gets pneumonia ! Canada better brace for some really tough economic times just ahead. All this translates into high rising interest rates by the Bank of Canada. The U.S. will have to up their interest rates too to protect the devaluing U.S. dollar. We are in supreme trouble there - folks !!! Lots of lay-offs coming on the horizon ! Pay down those credit cards and reduce spending !
BS, there is no Banks getting "hit hard", it's part of the plan... to drive YOU out of YOUR home!! If you get the idea of how "Legal Tenders" work, your not only stupid, your going to be starving one beautiful day. Buy using your credit card your every move is monitored, buy using worthless "paper" money your completely let in the hands of the "Criminal Banksters" running this.. and other counties.
