… In Toronto, urban sales are now down 13% year-over-year, while in Vancouver sales have plunged by 17% over the same period, and are now at lows not seen since 1998. The end is near.
This brings us to the second factor: the made-for-collapse manner in which Canada’s housing market Ponzi-scheme has been constructed. Here two people merit 100% of the blame: Canadian Prime Minister Stephen Harper, and the man he appointed to run Canada’s central bank – Mark Carney.
As an ardent admirer of all things “American”; Stephen Harper wasn’t content with having just an ordinary housing bubble in Canada’s housing market. He wanted a Canadian bubble of epic proportions, just like Uncle Sam’s. Consequently, Harper’s Conservative government has totally unshackled Canada’s banks, and allowed them to run wild with reckless lending; exactly as occurred in the U.S. just before its own bubble burst (for the first time).
Only three short years ago; Canada’s financial system was the envy of the entire world. Today its financial sector is just another bankers’ Ponzi-scheme. At precisely the same time that the U.S. is belatedly dismantling (fraud-ridden) Fannie Mae, Harper’s government has been rapidly building Canada’s own “Fannie Mae”: the Canada Mortgage and Housing Corporation.
The CMHC has been buying-up mortgages so fast that the Harper government has had to raise its legal borrowing limit twice just since the Conservatives took power, and will soon raise it a third time as it nears its new limit of $600 billion. In proportionate terms it is now larger than Fannie Mae (at its peak), and this occurs as a Euro Pacific Capital report reveals that, “Once small, Canada’s sub-prime mortgage industry is now booming.” It goes on to report that there are now $500 billion in “high-risk mortgages” in Canada’s housing market – nearly half of the entire mortgage market.
Meanwhile, the obscene “home equity” loan market has also exploded in Canada. These “HELOC” loans (once known as “second mortgages”) have exploded by more than 170% in Canada over the past decade. This massive increase in needless debt inevitably and substantially increases the magnitude of any housing sector implosion.
Mission accomplished, Stephen Harper!
One might ask how the Harper government has been able to engage in this massive program of sabotage of the entire Canadian financial system – while the Canadian people remain fast asleep. It’s very simple: the mainstream media lies for the Conservatives. Canada’s largest newspaper recently described the Conservative’s banking policies as representing “an ultra conservative financial system.”
What the Globe & Mail should have written was that this is an “ultra Conservative” financial system: a totally parasitic system dedicated to serving Canada’s Big Banks at the expense of everyone else. But this still leaves one question unanswered.
Why would the Conservative government take the world’s strongest, safest financial system and turn it into a U.S.-style, house-of-cards? Why would Canada’s “strong, safe” banks destroy themselves by amassing massive portfolios of Ponzi-mortgages? Because Stephen Harper and Canada’s Big Banks have now set themselves up for the same “too big to fail” Orgy of Mooching which took place in the U.S. in 2008.
The same banks which deliberately took on all of these made-to-fail mortgages, in a grossly over-heated housing market will all go scurrying to the government in mock “surprise” when the Ponzi-scheme they intentionally constructed implodes. And Stephen “Blank Cheque” Harper will be waiting.
Those Canadians with functional memories will recall that as Canada’s economy crumbled in 2008 that Stephen Harper did nothing but fiddle – and stuff vast amounts of money into the vaults of the world’s strongest, safest banks. It wasn’t until 2009 that the Harper government actually took notice of the remainder of Canada’s economy, the last major government to announce a stimulus program.
If Stephen Harper was happy to stuff money into the vaults of Canada’s Big Banks when they didn’t need a penny, what will he do when they need $100’s of billions to avoid drowning in their own financial feces? That’s right: lots and lots of blank cheques.
While most would not believe it (including myself); at least the U.S. government could pretend that it didn’t actively aid-and-abet the U.S. banking cabal in constructing the world’s largest housing bubble. The Harper government cannot possibly engage in similar pretension. It has duplicated the blueprint for the U.S. housing-bubble – and deliberately done so after the U.S. bubble had already burst.
This goes far beyond any possible claims of negligence or incompetence. This is an intentional betrayal of the Canadian people, which will inevitably lead to a massive, taxpayer-funded bail-out of Canada’s “too big to fail” Bank Oligarchs. Standing by, eager to print-up as much paper as necessary is Goldman Sachs Alumnus (and Bank of Canada Governor) Mark Carney. …
President Jimmy Carter, April 8 at the LBJ Library spoke of the rebirth of slavery in America today.
Carter argued that “slavery” in the United States now exceeded slavery in the 19th century because 100,000 girls “were sold into sexual slavery” last year.
In his new book “A Call to Action”, he spoke of 200-300 children a month being shipped out of Atlanta Airport to various slave auctions in the U.S and abroad. Hear the clip below for me speaking with FBI man Ted Gunderson, psychiatrist Judi-Anne Densen Gerber and Kansas City homicide detective E. Lee Orr. All agreed that slavery was alive and growing in America as of the date of the interview, July 17, 1991. Why did it take Jimmy Carter so long to catch on. We gave him information in 1991. See below
A new five-year program launched by DARPA hopes to one day help treat a range of psychiatric conditions, including post-traumatic stress disorder (PTSD), using brain implant technology.
The Defense Advanced Research Projects Agency, or DARPA, has officially announced a $70 million project that could produce technology to combat depression, anxiety, and other common conditions found among US service members that have seen combat in Iraq and Afghanistan.
“We’ve seen far too many times where military personnel have neuropsychiatric disorders and there’s very few options,” Justin Sanchez, a program manager with DARPA, told NPR.
Researchers at the University of California San Francisco, along with Massachusetts General Hospital, will be looking at brain implant devices that can both monitor and electrically stimulate the brain.
The goals of the program are an extension of a White House initiative announced by President Obama to explore the human brain. That project, known as BRAIN (Brain Research through Advancing Innovative Neurotechnologies), announced by Obama last year, directed Congress to earmark $100 million in 2014 to “better understand how we think and how we learn and how we remember.” …
In the past they used shock treatment to erase memories and subdue troublemakers but I’m sure this is more lucrative and “scientific.” One could not find a more raw expression of the psychiatric approach to emotional suffering: blame the victim. Heaven forbid that this sick society ever be diagnosed as such, it’s much more lucrative to medicalize the collateral damage than shut down the war machine. The pentagon’s tradition of “destroying a village in order to save it” has come full circle.
The James Holmes Conspiracy is for those who do not believe the story being told by the government and media.
James Eagan Holmes is the suspected perpetrator of a mass shooting that occurred on July 20, 2012, at a movie theater in Aurora, Colorado. He had no known criminal record prior to the shooting.
Several witness testimonies, news reports, theories and ideas behind the motives of the crime.
SEE ALSO: Norway Massacre: The Killer’s Mind and Massacre at Virginia Tech.
Topics discussed include the second suspect, weapons, police audio analysis, James Holmes education and bio, LIBOR scandal, MK Ultra, Project Gunrunner, and several other important elements. Several new pieces of evidence and testimonies all in one video.