Canadian Banks Vs American Banks
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I miss the old TYT dungeon
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We rule.
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who the fuck did the subtitle?
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@bydesignrock Its true we carry more debt, but when you factor in assets, Canadians have a higher average net worth than Americans. There is also zero sign that Canadian banks are going to crash.
But hey, if you think the sky is falling, then take your money out of the bank if you haven't already done so.
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I'm a Canadian. Cenk is 100% wrong. At present, Canadians are carrying more household debt than Americans were in 2008. Canadian banks are NOT safe, they are INDEED overlevered, and we are facing a massive crash just the same. The only issue is one of TIMING. We lag behind the US, and our "commuppance" is almost at hand.
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Great video, it's a shame that he started fighting people who stand for sound money and ethical practices ever since he joined Al Gore and his swindlers.
Boycott Cenk folks, do not donate to this numb skull till he reforms his ways and offers a public apology to Ron Paul and others he offended for money.
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Interestingly enough, Harper took almost all credit for Canada coming out of the recession so well... when really he didn't do anything.
Moreover he actually voted against many of the regulatory rules in place when they were proposed. He's a joke. (great video though :)
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We pay about 160 millions a day for the Debt System here in Canada too.
And btw, the Royal Bank of Canada is gonna be in control of the great American banks soon.
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very well put, I always enjoy your insight and ability get a point across
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all thats about to change
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@AestusL4 There lies the problem. Banks should NEVER be insured against a potential default by a Crown corporation. That is taxpayer money that is, as Elixir stated correctly, A SUBSIDY! Banks, that have the benefit of being able to create money out of thin air, should have the same risk as the homeowner. No bailouts!
CMHC was created to address the housing shortage after WW II. Banksters hijacked the CMHC & little to no money down mortgages are the norm as the banks have very little risk.
pikeasaurusrex 2 months ago 5
lol at all the americans scrambling to defend a corrupt system, spinning numbers with IFs and WHENs... still doesnt change that Canada never had to bail out banks with 700 billion of tax money.Funny how these bail-outs happened in a capitalist system but not in a "socialist" oriented one, which is often referred to as a "hand-out system" by americans.
Ignorant fucks.
syntaxed2 1 month ago 3