Within days now (end September, 2015), the market is likely going into another “free fall.” The problem around the world is debt. Even though your government is telling you everything is fine, it’s not.

Countries around the world have the largest debt levels in history. They’ve been able to do this because of the adoption of fiat currency in the 1970s (they disconnected currency from the gold standard). It used to be that you could exchange your dollar bills for gold. Now, currency isn’t backed by anything other than the government’s promise to pay. And governments around the world are bankrupt. That’s a BIG problem. [continue reading…]

People fall in love with having a “dream home,” and cost is usually secondary. They get into debt up to the eyeballs.

Really bad idea, particularly right now. That’s because we’re at the very top of the market. In fact, it’s a bubble … certainly in Canada (and Australia is close behind). The US had their housing bubble a few years ago … but the full extent of the downturn is still to be seen. [continue reading…]

DEBT: The word that will become the most reviled word in the English language. It is the source of all our problems. As more and more money goes to servicing the debt, less is left for the free services we all enjoy. In fact, governments have borrowed heavily to give their constituents everything they ask for so that, in turn, they vote their governments back into office.

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