 and how's about that the bank run you guys looked into this exciting stuff no exciting stuff no right svb svb bank runs so what we're seeing right now is a lot of people that were betting on cheap money getting a rude effin awakening right sharyl the silicon valley bank the silicon valley bank the technocratic bank right yeah nengushka will the bank run in america affect banks in canada indeed indeed for example td bank has already dropped ten dollars more than ten dollars of its price the odds are it's got a long way to go yet okay um someone mentioned our this on our guild server i don't i don't watch cable television so i don't know what commercials they're running and i run ad blocks ad blocks plus goes i i run multiple things online when i'm online so i don't really see ads online either only i only see ads from websites that have okayed ads to be run on that way i'm supporting them right so they make money off those ads and they're not very many right so someone on our guild server mentioned that canadian government uh or the banks in collaboration with the banks have been running ads for the last few weeks saying that don't worry canadians uh you know canadian banks are solid because uh canada canadian government has guaranteed 75 percent of all funds in canadian banks and stuff and the person said that as soon as they saw those ads running they knew that something was up right there's going to be bank runs happening so um you know the second hand the info but uh but canadian banks are going to get hit as well most likely especially one of the one of the things with canadian banks that they're extremely extremely vulnerable to is the war on china right so right now western world is gearing up towards a war with china the same way they did towards a war with russia in ukraine right so if china chinese investors decide to pull out of canada you can pretty much kiss most of the canadian economy goodbye right and the canadian dollar plummet right the canadian real estate will will drop down back down to reality right not to the stratosphere to the moon right it's already come down a fair bit but it's got so much more to go right just on uh just on a on the real estate front couple of days ago i was talking with a friend of ours that they just recently bought a house recently mean the last two three years they bought a house right so their house value went up for a short period now it's back down to where it was where they bought it and they're like yeah yeah we won't lose money if we sell it if they can sell it right if we sell it you know we're about the same and then uh this friend was started sort of uh i started talking about svb silicon valley bank just mentioned the drop oh there's a bank run in the united states and a couple of bad they they're not really aware of what's going on but these people these friends of ours and all other people we know they ended up getting their mortgage floating interest rate right because the bank people said oh get it floating we advise people getting floating you if you listen to bankers regarding your finances you're pretty much screwed right you got to do your own research because the bankers are trying to make money mint money off your back so the people we know majority of people i think almost everyone we know that's caring the mortgage they all sign up for floating meanwhile i told some of the people don't get floating what are you crazy including these this this friend that i was talking to a couple of days ago i told them when about don't get floating lock the damn thing in but you can only lock it for five years and count it anyway so in five year time they're screwed but these guys floated it right and then she told me two days ago i couldn't believe it i have to go what she goes yeah yeah yeah yeah uh you know we're paying they're they're paying uh fourteen hundred dollars every two weeks so twenty eight hundred dollars a month for a mortgage and she goes yeah yeah yeah yeah yeah and and four dollars off principal i go what i was like what look there i go what are you talking about she goes yeah yeah yeah make payments every two two weeks buy weekly payments so twenty hundred dollars and total eight dollars i go what are you talking about i go you're only knocking off eight dollars off the principal she goes yeah and if interest rates go up higher we're screwed i go what are you crazy so she she she turns she turns me she said yeah we're basically renting from a bank our house from a bank i'll go if you're lucky because if the house value drops more now they're in the hole for a few hundred thousand dollars right and then they also have to renew in whatever two years three years peer insanity peer insanity right that's canada in canada debt rate is through the roof a lot of people have floating mortgages right and interest rates are going to go up canadian dollar has already dropped down to 72 right the odds are it's going to go down it might do a double bottom bounce up a little bit come down again but canadian dollar if this shenanigans with china continues canadian dollars toast right should be should it would most likely go down into the mid 60s at best right