Don’t Drink the Kool-Aid. The Global Derivatives Cancer HAS Infested Canada

By a CRC Investigative Team The two biggest defenses of the “conservative Canadian financial culture” and “near-invulnerability” of Canadian banks are made up of the following oft repeated mantras: 1) The $67 CMHC bailouts were actually a good investment because those securitized housing assets actually turned a profit since the housing values continued to rise.…

Canada’s Housing Bubble Blow out Amid Global Collapse.

By Matthew Ehret-Kump While this shouldn’t come as much of a surprise, the long-standing myth, proclaimed by official talebearers, that the Canadian banking system is the most “stable system in the world” due to its “conservative banking culture”, has been seriously undermined. Moody’s Investors Services recently spooked the Canadian banking community when it announced in…