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One of the common descriptions of Canada is that its a wealthy country. What if we told you that isn't true and it was all just an illusion? That's right, Canada isn't as wealthy as you're made to believe. Over many years the Canadian government and Canadian citizens have accumulated massive amounts of debt creating this illusion of wealth. Debt isn't always a bad thing but when there's too much debt in an economy, it primes a the economy for collapse. And that's exactly where Canada's economy is today. In this video we cover the economic debacle of too much debt that Canada struggles with today Check out more of our content! Taxation: Competition: Homelessness: Justin Trudeau: How to Save Canada: Canada Overview: Canada Housing Bubble: Canada Immigration: 00:00 Debt as far as the eye can see 00:45 The negative amortization illusion 01:29 This is why the banks are trying to cover up the truth! 02:00 The ugly reality everyone's trying to ignore 02:41 Time to panic! 03:45 Investors need to make a tough choice 04:25 The real estate domino effect 04:41 Canada real estate is primed for disaster 05:59 Creeping unemployment 06:34 Booming population growth outpacing supply 07:29 The unemployed immigrant issue 07:50 Don't forget about taxes! 08:39 Justin Trudeau's government knows they screwed up 09:08 More taxes... What could go wrong? 10:11 Trudeau speaks from two sides of his mouth 10:53 The obvious reasons why this won't work 11:30 And of course the average Canadian is the one that gets screwed over...
