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Subject calling U canucks-Canada's economic collapse begins Friday

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Original Message friday will most likely be the release of Toronto's september real estate data. ( downtown core condo and new housing will most probably be -unhappy and unwelcome news)

It will likely be bad news and the same as Vancouver's data and the downward spiral begins...why is this important???
Because a combined Vancouver and Toronto real estate market downturn will spell doom and possible bancruptcy for the Canadian government.

The majority of real estate value in Canada is present in these 2 markets and the federal government covers all mortgages for all of the loans to the banks with blanket insurance that is essentially derivative in nature and is not "real insurance"...default payments come straight out of federal taxes ( no real cash- just backed by the feds)

that's quite a sum for them to cover despite the gold and oil market ( the rest of our investor "value" )...it freaked me out to find out that we now we supply 30% of the oil to the US now but that won't save us...

[link to oilprice.com]

so guess what...we aren't any different than the rest of the world and are likely about to start our swirl down the toilet bowl...once the foreign investors find out we aren't a stable place to put their money..they'll go elsewhere because other countries are actually starting to recover or paying much higher interest on their sovereign debt bonds- that's when the SHTF and they'll ditch us like a plague

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