Josh Sigurdson talks with author and economic analyst John Sneisen about the fall of the Canadian dollar as it falls incrementally from its recent peak.
For quite some time, people celebrated the Canadian dollar climbing in value under Trudeau, but they were mislead. In reality, the US dollar was losing value which made the Canadian dollar look like it gained value. That's the problem with comparing fiat to other fiat.
If the Canadian dollar stayed at the same rate as it was 5 years ago, it still would have lost value, that's what people don't seem to understand. Fiat currencies always revert to their intrinsic value of zero. They always have, they always will going back to 1024 AD in China.
So as people hype and then express concern over dips and "rallies" if you can call them that, it's futile. The dollar will fall, the fundamentals are just off the table due to the level of manipulation, so you cannot put a date on it, but it's clear that it will crumble and fall.
Following the recent rate decision by the Bank of Canada, the dollar fell from a 6 week high, but regardless of this decision, there's nothing that can be done. Print massive amounts of currency out of thin air, devaluing it, based in debt, quantitative easing into oblivion, you will always see inflation skyrocket over time and the dollar crumble at its foundation.
Trudeau has nothing to do with it just like Trump has nothing to do with it. Trudeau's a useful puppet of a drama teacher, but he can hardly tie his shoes, never mind centrally plan and implement further quantitative easing policies. It's the central banks that are in charge of the economy and the talking head leads people one way as the banking system pulls people the other way, with blind trust.
Let's learn from a thousand years of past mistakes and be financially responsible and self sustainable.
Stay tuned for more from WAM!
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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Good show guys, you do good work reporting.
If you look, you will find it was Neanderthals that bred with humans in the middle east, 30,000 to 100,000 years ago, that is why there are white people in the first place, and the concentration of that DNA through inbreeding, is the bloodline of royalty, and other "descended from heaven" types world wide.
It's a shock to some I'm sure. :)
WOW !!! You were cited by those jew bastards ??? I had the ADL send vans to my building as "intimidation". Did not work. I used to be actively anti zionist/jewish supremicism....and it got nasty. The children of Saturn are beasts but we may still be rid of them at great cost . BEST !! ~:)<33
US petro dollar will not crash until most countries have stopped buying oil in greenbacks. Its not going to happen soon despite China has recently started trading oil futures in Yuan, its still a baby step. Saudi Arabia is unlikely to sell oil to China in Yuan because history tells us that US will bomb any countries that walk away from the petro dollars. It will take decades for the US dollar to become no longer the major world reserved currencies and until then, the dollar still has its value, like it or not. As long as the dollar exists, canadian dollar will co-exist because canada is considered as a parasite economy.
Our money is Fiat Currency (False) because we have no gold in the Reserve to back it up. Politicians say it's not necessary. They count on our Sovereignty to make up for the debt they squander. Traitors, ALL OF THEM.
Its a race to the bottom fellas, when the US decides to pull the pin on their dollar to compete in trade the Aussie & Canadian $ will tank compared to the greenback our dollar will be out the back door.
I remember when a cup of coffee cost a dime for many years it costs a dime now a little over a dollar 💵 plus taxes unheard of in my day a looney says it’s own name our dollar is less valuable than the day where coffee cost a dime the dollar is fast approaching to be almost worthless what can you buy for an even dollar 💵 tell me with taxes nothing a dollar tip is laughable no more two dollar bills a townie it’s buy a coffee keep the change what change the townie is next on the hit list as being worthless not much buying power anymore you can’t buy a bowl of soup 🍜 five dollars doesn’t buy a hamburger 🍔 because it’s taxed 15 cents on every dollar 💵 at one time on the menu the price said one dollar and seventy five cents you got a quarter back the tax was already included in the price now its not maybe out of fear if they did include it in the price the government would tax it again you heard the same expression a tax over a tax We Canadian are the most heavily taxed people in the world 🗺 for little bang for all the revenue that governments rate in Lord its hard to be humble in a world 🗺 of deceit and corruption God Bless Canada 🇨🇦✝️❤️💯🇨🇦🧒👶🙏😉👍👁✅
Lol, Before i started to actually research and understand : Money - Economics , an take it seriously. I used to make fun of our Can Currency, as being like Monopoly Money. But as of recently, I realize
that our money will be just as worthless as Monopoly $........
Thank you for your reply. I agree 100% with you that Trudeau is an idiot who will push Canada to the abys. My point was that if all fiat currencies are worthless you should not only mention Canada but also other countries. I live in Cyprus so I very well know what bad government policies can do to a country since Cyprus went virtually bankrupt in 2012 only to be saved by Russia with a €2.5 billion loan that year and with a €10 billion bailout by the IMF and the ECB in 2013. Fortunately Cyprus learnt from its mistakes and had a budget surplus in 2016 and in 2017 (preliminary data) by reducing expenditures. You can call it austerity measures but sooner or later government need to live within its means. The government's goal is to produce a budget surplus year after year in order to reduce the debt to GDP ratio and reimburse its debts. Maybe, if you have time, you could do a video on how a small country like Cyprus can be a model for heavily indebted countries like Canada, US and most EU countries. Keep up the good work.
What a great 2018 "The CRASH Of The Canadian Dollar Is IMMINENT!" video. Much better then your 2017 "The CRASH Of The Canadian Dollar Is IMMINENT!" video. But my personal favorite reminds your 2006 "The CRASH Of The Canadian Dollar Is IMMINENT!" video.
I can't wait until 2019 for the next episode of "The CRASH Of The Canadian Dollar Is IMMINENT!" 's series.
Don't worry I'm sure your series will last a long time and you can keep in recycling this click bait video every year!
Who the fuck gives a shit about money you two idiots its about quality of LIFE in Canada and how the world treats us compared to our southern Terrorists. Trudeau as you said is a puppet like all of our Gov. and talking so harshly used to be brought down with beheading with your ignorant words and we should bring that law back. No respect anymore from YOUR stupid era of people who are in most ederlys eyes RUINING the PLANET~PERIOD. Stop your crying and FIX it if not happy or fucking MOVE, I Love this country and served .
If you paid attention you dumb statist, we provided many solutions. Go live in Venezuela if you so support execution and imprisonment of those with different opinions.
If you don't care about money or monetary freedom, fine. Perish in the hole you dig yourself. Have fun bud. ;)
It can't be inflated but Bitcoin can lose value from the market alone, as we've seen. Don't know how much you know about currency but Bitcoin is essentially a commodity at the moment. The market determines it's value. Nothing is 100% safe in this world, not even gold
Josh and John thank you but have you watched the video, the Myth of Canada and if you have, wouldn't it be smarter for Canadians to work at making our own Constitution like the USA and start over with our own Bank of Canada and throw out the Federal Reserve Bank like Ice Land did? We cannot afford to buy Gold and Silver us Seniors, but we could sure work at making Canada great again like before 1960s when we had no debt. We are paying out money to the UK a Defacto Government to us.
You guys aren't doing yourself any favours by stating that Canadian currency isn't "real" and will eventually revert to its "intrinsic value" of zero.
To people who aren't trained in economics and monetary policy, you sound like quacks.
What is your recommendation: Invest in gold and silver and nothing else?
Oh! I just heard the brown-haired guy say to invest in Bit-coin, the highest speculative bubble on the planet! Dumb!
There are only 3 small country in the world that have no central bank issuing money out of thin air. The Vatican City state. Lichtenstein and Panama (my country of residence. Google: Von Mises Institue Panam a has no central bank.
Every serious country had gold reserves to back the currency and economy. Even my country has significant reserves of gold. Canada is doomed. Before coming here I never thought and knew this country was so screwed up in every aspect. Nothing works here.
The dollar was at 69 cents in mid 2015. So today it is at 78. It was 1.05 in 2011 Other fear porn sites like this that are US based are talking about the crash of the US dollar. Meanwhile Trump is complaining it is too strong. These idiots are either pumping gold/silver which is falling or crypto which is skyrocketing. For sure they don't know what is going to happen. Oil price is what the dollar is based on. Keystone is up and running now. World demand is low right now. With overproduction by fracking. Your guess where things are going are as good as anybodys. Sure way to raise oil price is a war. That is in the planning according to signals in the news.
They are absolutely right, Government sold out national gold! That is crazy. You should protect your personal wealth and build it up. Get to SmartGold Club, buy physical gold and silver. Gold is stored in chip card and backed up by physical metal stored in offshore storage. Company running this is Canadian running SmartGold Club on proprietary platform. You can hoard gold, sell, trade, send to another person. Similar in capabilities to Bitcoin, but completely secure, manage at home. Value of gold will never disappear. Same with silver. Many economists actually give silver much bigger upside than gold. One should get both. SmartGold Club makes it easy and super practical
Hi Josh and John, Many pm investors use the gold silver ratio to know when to switch between gold and silver to increase their coin count. Well I have been thinking about whether this would work with cryptos. My conclusion is that with the right coins (correlated pairs only) it works incredibly well. Consider checking out my video series. It is broken into 6 bit sized videos. All free. Warning, I'm not very exciting, and it's explained so that a high school student can understand. The result however, are exceptional. For example using this approach the gains from March to Present have been over 100 X. Not 100% but 100 X. Yes, $1000 would become $100,000. The first video is essential to develop this whole idea. https://www.youtube.com/watch?v=B1L1ouxbUAg (P.S. I'm not trying to steal subs, I just think this video compliment your work)
The USD is going down now, which in turn will drive up the price of oil, which makes the CAD more valuable. When the housing market crashes and the banks fail don't you think our dollar is going to defy gravity and go up based on what happened following the US housing crash when Canada does QE EH. like today the US raised rated and the USD tanked. Were in end times here. Get your werewolf repellent.
Oh, where to begin? Don't you know..as you stated Fiat (not the car) is accepted when people have faith or, when Governments collude to insure each others Fiat is accepted(little hint). Small fact that matters, only 3% of USA currency is actual currency 97% of our money is electronic banking with nothing physical. So, when people get all giddy about electronic currency well, we are pretty much there. Although, I do like to have something to trade in private. When I buy a pack of gum I don't want the government sending me a Google ad for bad breath:0 speaking of barter, gold is a barter system trade. When Fiat collapses we will be in a barter system again. You can usually trade some number of chickens for an appointment with your doctor but, having a few gold coins is more versatile than carrying chickens in your pocket. This is why it always resorts back to gold, silver and the like until faith is found in some new Fiat. People with something to trade will take part in the crashed economies people with nothing to trade will be beggers. Based upon your statement that your very smart leaders have vanquished gold from your borders they have insured Canadians will be beggars or, chicken farmers. Unless of course, governments collude to devise a new value for fiat's and enforce the use during a transitionary collapse. Have you ever heard of a 'transitionary collapse'? Me neither its never been successful but, I'm sure todays leaders are significantly smarter than all governments throughout the history of man. Hey, I live in the desert will you take some red dirt for some lumber?
Thank you Gentlemen,
I really do appreciate the information and advice you give out. In fact, I can't say I've watched any of your videos without learning a few new things, as well as ideas towards implementing them.
I find myself less worried over cash issues as I live in downtown Vancouver, as I do for one other fear; medication for those of us who are living with long-term illness. As much as I would like to think medical people would keep their vows at this time, I know we are all humans. And that means having people relying on you, outside your job, regardless of what you do for work.
Friends and I have chatted about this a few times. My doctor just gives me the "smile and nod, smilpree and nod" as if something would never happen that might stop people from getting to work, or from even trying. My meds cost about $3,600 for a 3 month supply. It definitely makes this one of those 'interesting times' my mother would warn me about. And cursed me with! Guess I'm here for the push! And the pull!
Nope. Have you taken a look at prices across the board. A lot of groceries has gone up 20-40% over the last years and Electricity, Insurance and everything else has gone up in price meaning that the Canadian Dollar is constantly loosing its value. Don't look at other Fiat Currencies as they are devauling towords all commodities as well!
People allways get the government they deserve, including Canada. Canada is the ultimate cuck nation, if I were you I would GTFO. Once you do, you will see what a terrible deal you Canadian actually have. How can such cleaver and hard working people be such dosile slaves of the frozen north? You need to invest a fortune just to stay alive and be stuck in white out traffic half the year, risking your lives to work a job you start everyday in the dark and end in the dark ... I will not return!
look into populous and paypie cryptocurrencies to earn passive income in the coming years. should be some huge growth in prices next year when masses of people get on board with cryptos and the platforms are built and streamlined.
Nope. A Housing crash will not cause a shortage of CAD's because there will be Bailouts through QE and MBS purchases by BOC. There will always be a lot of currency and more to come. Look at commodity prices on everything in the store. There will be both. If it was in the 20's maybe. But today Central Banks does whatever to keep the system alive
Canadians are more interested in being politically correct, not hurting anybody's feelings, enacting legislation to protect fringe groups, and wanting to win the race with Sweden for being the dumbest country in the world.
What if its a business plan ...
1. Put countries into debt , bring in lots of immigrants flood job markets, prop up markets, replace workforce with robots slowly
2. Let it all crash... peoples will ask for big government, wars will occur somecontries will turn into dictatorships and when its fragmented you go for 3
3 fund both sides if you can. Use cahos to create order. Your doing it for the peoples of course
Truth stream media check it out
Great video I have been to my MP told him I want gold backed Canadian dollar. Get rid of SDR's. Seize the Bank of Canada. Stop the payment of interest to the bank immediately. Everyone should go to their MP and demand these things
The word "note" means a promise to pay and those Canadian Notes imply they will pay the amount of dollars stated byut they don't. That means the Canadian Central Bank notes are as much of a fraud as the US Federal Reserve Notes
All talk and no action. The Bank of Canada is a public bank owned by Canadian taxpayers. Canadians are unaware that they can petition their Mp's and the Minister of Finance to abandon it's easy money ultra low interest rate policy that is rigging the financial markets, to stop buying low interest rate bonds and to raise interest rates in order to protect the value of the monetary unit of the nation. Surely you don't think that savers and pensioners should be deprived of a return on their deposits in order to save the rich who borrow and margin their purchases using low interest rates do you? When will you start the petition to get the ball rolling from your viewers? We want to know.
all Crown corporations are public institutions. All shares are owned by the Canadian people. Queen has no influence in selecting BOC directors or monetary policy. You do. "The Board of Directors provides general oversight of the management and administration of the Bank with respect to strategic planning, financial and accounting matters, risk management, human resources, and other internal policies. The Board is composed of the Governor, the Senior Deputy Governor and 12 independent directors appointed to three-year renewable terms by the Governor in Council (the Cabinet). The Deputy Minister of Finance is an ex officio non-voting member of the Board." https://www.bankofcanada.ca/about/board-of-directors/
List of BOC board of directors appointed by Cabinet to 3 year renewable terms. Cabinet can influence the board by selecting directors of it's choosing, just like the US President can select the head of the Federal Reserve to his liking. ihttps://www.bankofcanada.ca/about/board-of-directors/
It is owned by the Canadian people. All shares of the bank are issued in the name of the Minster of Finance on Behalf of Her majesty in Right of Canada. Details on the Bank of Canada - Royal Commission recommended by Lord Macmillan.
Royal assent by Parliament - July 3, 1934 Bank of Canada Preamble -To regulate credit and currency in the best interest of the economic life of the Nation...
��to control and protect the external value of the national monetary unit and to mitigate its influence fluctuations in the general level of production, trade, prices, and employment, so far as may be possible within the scope of monetary action and generally to promote the economic welfare of the Dominion." The Bank of Canada commenced business on March 11, 1935 Right of note issue, to print "legal tender" Private bank tender to be phased out over the next 10 years. The Deputy Finance Minister�- sits on the Bank Board as a non-voting member.�
The collective responsibility for the conduct of Bank affairs rests with the Governing Council composed of the (1) Governor, (2) Senior Deputy Governors and four other Deputy Governors. The new�Bank of Canada�was�nationalized in 1938. All private shares were bought out and the 100,000 shares, belong to the people of Canada, held on their behalf by the elected Minister of Finance. To the credit�G.G. McGeer�advisor to�Prime Minister William Lyon Mackenzie King�who aid these words:�"Until the control of the issue of currency and credit is restored to the government and recognized as its most sacred responsibility, all talk of the sovereignty of Parliament and of democracy is idle and futile ... Once a Nation parts with control of its credit, it matters not who makes the nation's laws. ... Usury once in control will wreck any nation."
William Lyon Mackenzie King (1884 - 1950) Bill 143 -�Municipal Improvements Assistance Act�First reading�May 31,1938 an Act to assist Municipalities to make self-Liquidating improvements.�
This Act was passed and not rescinded until 1975 (1884 - 1950) Graham Tower - first Governor of the Bank of Canada - from 1935 to 1955 Question: to Graham Towers: "But there is no question about it that the banks do create the medium of exchange"
Answer: "That is right. That is what they are there for� �That is the banking business, just the same way that a steel plant makes steel.�
Dead on accurate. Canada is a terrible country to be involved with business and commerce. Over here in South East Asia there are young, intelligent Canadian businessmen who are thriving. Canadian government officials are just to concerned with protecting their own paycheques through unfair taxation and printing money. Get out of countries like Canada, Italy and Venezuela ASAP! Vietnam, Thailand, South Korea, places to be.
What you say about Fiat currencies is certainly correct because in every case they are borrowed from some Bank and issued by some government. That is the reason and nothing else. Fiat has nothing to do with it. If the Fiat were precisely where it belongs in each one of our hands, then there would only be as much money as each one of us determined based on a set of simple common rules. Take a look at this proposal again. It would probably work in some parts of Canada better then in the United States. Check it out here: ecriegel.blogspot.com Best
David Burton Borrowed at 'interest'!
Then we get to where it really gets scummy.
Where do they get the currency to pay the interest?
Example; gov borrows the first $100 dollars plus $1 interest.
Where does the gov get the extra dollar that doesn't exist yet?
Oh that's easy borrow another $100 at interest...
And the cycle continues until the banks own all the tangible wealth in the country and everyone else is stuck with dollars without value.
Taxes from are laber was for illegals an immigrants an 10.5 millions for a killer 30.5 for 3 terro.
Vacation for trudeau by thousand million to clinton foundation trudeau lobbys by million 500 million for 150 celebration (ignore the agricultur an farmers ) fload victime ignore. Land contamineted still .. Liberal is deficit taxation an taxation frauds by the financal minister trudeau to.
Trudeau is there to destroy are economy an culture.. Traitor an eject button under is sit will be awsome..
I wonder who would be the proper Canadian equivalent. Surely not that other guy(can't pin the name for some reason, who wanted to cause catastrophic and immediate economic peril by banning unions). There is a reason I perfer the unions and it's got nothing to do with pay. It takes weeks, if not months to get a non union job, and once on site it takes 3 months to get the healthcare, insurance, and other stuff done. With a union i just walk in, take a call, and voila.
that's how it works though, just like how you hate clicking on girls asses. and finding a serious disappointment. At least this video has complete honesty and true journalism. Informing the public is the only thing to bring change.
brickley2000 what do you mean 'when the internet shuts down'?
who is going to shut down the internet?
And btw cryptocurrencies don't even need the internet to work
Please, in order to keep record of your credibility, list your predictions (past and future) and check how they were right or wrong. Cuz you are always predicting crashes.... hopefully you get the concept, if you are on point it will add a lot of credibility to the show
Real money is an outstanding coupon or promissory note (often made of paper) issued by the borrower and redeemed for the goods and services that person provides to pay back the loan. Money IS debt. The problem is that that banks are not the ones providing the loan and they falsely claim interest.
Gold backed money as a concept is part of the deception, pretending the value of money comes from something in a vault.
In a properly run system there is absolutely no inflation or deflation and the value of money stays constant. This was so for over 700 years with the tally stick system in England.
Complimentary IS preferable to competition, right? In terms that appear one way, but, are not..
Zero "value" follows this intrinsic search toward crashing, eternal stretching [expecting to be holding the reins, still, after the snap] straight to hell, and, underground, $$$ being spent, you can be sure. LOST.
As a Canadian, or anyone on earth really, this is concerning. Inflation rising each year, as a relative percent to the previous year, is like compound interest.
I believe food price increases that keep popping up at the grocery store every time I turn around are much higher than the inflation rate.
Much higher than the CPI, yes. Or should I say, CPLie. By definition, the CPLie does not account for food, fuel and real estate prices. According to John Williams of shadowstats.com, if they were to calculate inflation the way they did in the 1980's, it would hover around 10% (in the US of A). It feels quite high here in Canada. Much higher than the govt numbers.
Work out if you need to pay.
When you know your gain you need to work out if you need to report and pay Capital Gains Tax.
You may be able to work out how much tax to pay on your shares.
the same type, acquired in the same company on the same date sold at the same time.
sold other shares in the tax year sold other chargeable assets in the tax year, such as a property you let out claim any reliefs are a company, agent, trustee or personal representative.
Reporting a loss.
The rules are different if you need to report a loss.
Fifth most actively traded share.
Market capital of DKK 206 bn.
Shareholders by geography.
Rest of Europe etc.
Ratings from equity analysts covering the Danske Bank share and consensus earnings estimates.
Selling in special circumstances.
shares you bought at different times and prices in one company shares through an investment club shares after a company merger or takeover employee share scheme shares.
Jointly owned shares and investments.
If you sell shares or investments that you own jointly with other people, work out the gain for the portion that you own, instead of the whole value. There are different rules for investment clubs.
What to do next.