The Canadian Stock Market Will Crash! - This Is Why
In this video, I talk with author and economic analyst John Sneisen regarding the massive level of instability at the TSX (Toronto Stock Exchange) as it drops more than 200 points.
The stock market is overheating and something we at WAM have been warning about for so long is finally coming true. The heavily manipulated derivatives markets are reaching their inevitable end.
So far in 2018, Canada's gas and oil industry has tumbled more than 6%. This is incredibly dangerous considering Canada's vast dependence on oil like many other absurdly centrally planned countries.
Canadian stocks are trading at their lowest since October. The chart shows free fall.
Meanwhile Canadians are being taxed on income at a shocking rate while corporate taxes stay almost entirely unchanged. Interesting coming from a government that claimed they wanted to lift the lower class and stop big corporate monopolies. Funny enough, the massive corporations continue to be propped up by government regulations and taxes while small businesses are forced out of the market as they simply cannot compete against the government's favoring of major corporations.
This is why we need to look to ourselves for self sustainability and financial responsibility. Responsibility period. That is after all the hallmark of freedom as we so often mention here at WAM.
See the FULL video report here:
Stay tuned as we continue to report on this. We are seeing stocks fall fast in the U.S. at the same time. It's times like this where proper preparation comes in handy. Don't forget to Upvote & Follow! :)
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The everything-bubble is about to pop on a global scale. I'm just salivating at the thought of seeing Toronto/Vancouver real estate dropping like a rock.
As for the taxes, the Liberals in Canada with their moronic carbon taxes and high income taxes will lose a lot of business to the USA as corporations re-domicile. Trudeau will sink Canada!
I might have to work like a beaver to survive once the Canadian government handouts are over.
Thanks for information sir.... Love your post.. Always give us update..
interested..i like your post
Really don't know Canada drop its oil value to 6% was it because lack of management or over tax because the merits of tax cover such an incident
Great update to the stocks @joshsigurdson. I live in Ontario so it's good to know. Cryptocurrency seems to be doing the same thing right now. Oddly connected?