Economic Collapse And Some Canadian News

More updates on the economy, particularly on Canada.

Check out my first video.
http://www.youtube.com/watch?v=2Ie2FKN-0mU

Number of EI recipients jumped by 10.6 per cent
http://tinyurl.com/pt4lyk

Household debt at all-time high in Canada, study finds
http://tinyurl.com/og3z43

Flaherty says deficit to soar to $50 billion
http://tinyurl.com/pvblrh

Category:

News & Politics

Tags:

• economic
• collapse
• recession
• depression
• debt
• Canada
• economy
• inflation
• deficit
• unemployment
• peek
• oil
• bailouts
• dollar

[ROTTIWORLD]

harper.pretty straight.wtf.he wanted to adopt the greenback.why,so we could go down with the sinking ship.he said the recession wouldn't effect us,but 70-80%of our trade is with the US.and he's an economist.he,s either crooked(not straight)or a complete idiot.time for new trading partners.time for new p.m.just remember though,power corrupts,absolute power corrupts absolutely.

[HomesteadAcres]

well i dont know anything about him adopting the green back but being that 80% of trade goes south pegging our dollar would have some benifit new trading partners is something i would like to see but they may not be there realy what could we give to europe that russa and the middle east couldnt or even china

realy if you put thought into it if or when the usa dollar collapses if we had a high dollar we are finished

[TimmyOFlinn]

Why do you think we are finished if we have a high dollar when the usa dollar collapes? Seems to me the USA dollar collapes and the USA becomes one big yard sale for the rest of the world.

[HomesteadAcres]

acualy im probly going to do a vid on that in the near futcher however even if the deals are great how long could your household spend and not earn?

[maxinatlanta]

Great video, just sound needs to be improved a little. Thanks

[HomesteadAcres]

yeah it was my first using the web cam still working out the details we think we might have it

[dynomike1964]

Soylent green is peeeeeople!

[TimmyOFlinn]

@uhaegde2wiceover Your right if the US dollar dies chances are real good that things here in Canada will get very ugly. I was not arguing that our dollar would not collapes My point was that we would not be in that bad of a position if our dollar stayed strong while the US dollar weakened. We are at near parity now and have been for the last year, and I would say by new years the US $ will be worth less than the Canadian $ IF our central bank would raise the interest rate a point...

[uhaegde2wiceover]

Everything that has happened under the tenure of the Liberals flew in the face of sound Macroeconomic thinking. The USA led the charge in regard to this by repealing... whats that piece of legislation called? Come on... Anyone? GLASS-STEGALL!?!? And what about promises made by Government to ABSORB... yes you heard it here. ABSORB LIABILITIES of the "Too Big To Fail" Corporations. You didn't know this? This is what they agreed upon in 1999 when they reformed banking and finance laws.

[uhaegde2wiceover]

And what about the CMHC buying up Mortgages to allow Banks to gain Capital? Why did we pre-fund the BANKS!?!?! with 25 BILLION DOLLARS!?!?!? WE HAVE TO GIVE MONIES TO BANKS!?!?!?  WHAT THE FUCK!?!?! You also must remember that Canada needs to keep its dollar lower than that of the USA. If the US Dollar collapses this will kill Canada and very bad deflation will occur or the Canadian Government may go WEIMAR on our asses and devalue the Dollar to maintain trade with the US!!!

[uhaegde2wiceover]

@TimmyOFlinn how do you know that Canada will not fall prey to the same monetary issues in the USA. You must remember that we are in the same predicament regarding Private Bank Debt and the promise of Government to take on any Liabilities due to unforeseen things that may occur such as the collapse of the Canadian Housing Market due to lax lending standards etc. An what about DERIVATIVES!?!?!?

[uhaegde2wiceover]

Canada, US, UK politicians work for very powerful Banking / Financial Interests. These interests collaborate with Government to Usurp the Free Market to create these so called Boom Bust Cycles thus controlling the money supply Governments or Central Banks should NEVER have the ability to regulate interest rates for the reason that they will misuse this to enrich their Banking / Financial Masters. The issuance of monies should be restored to the people (Free Market) to whom it properly belongs

[VinDeGaul]

have fun w the Amero

america's corruption is on the way

[KristinaBrooker]

Rock and Roll the meaning:

1) REACT

2) MARRIAGE then COMFORT RANK

(instant money printing, laugh prints instant, prof kid, bit0h, 3000 days celibate, no guilt by association, cherry)

ans:safe engineering (maple graphing) use functions for distribution

[updownleftrightinout]

I thought when oil went up then the Canadian dollar goes up (and USD goes down).

I wish the Canadian dollar would go up when oil goes down - that way I pay less at the pump.

[tinslatee]

watch the move "The Obama Deception"on here. Then tell me That Harper even makes any decisions. He is just a puppet like any other political party