Wednesday, August 29, 2012

From Financial Post, "Our love affair with debt keeps Canada’s banks on top."

Warning signs are loud and clear, Canada may be the source of the last drop of economic blood that is being squeezed from the economic turnip before another huge worldwide "correction" occurs. 

In typical fashion, Canadian banks are "doing well" by imposing more and more inevitable debt death sentences to Canadian citizens. The Financial Post questions why Canadian banks are able to post double digit profits and higher dividends even as Canadians go farther and farther into debt.

Debt Neutrality Petition believes that as the wealthy get wealthier, the REINVESTMENT of their existing wealth requires more and more consumer debt. 

We have met the enemy, and they is the billionaires and trillionaires.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

1 comment:

  1. Great post Alessandro! I always tell my friends and younger family members that Debt management is very important and you don't have to panic because you do have options. I'm going to make sure to show my friends and family your blog because this was very insightful. Thank you for sharing this with us.


Please consider signing the Debt Neutrality Petition by clicking here.