Published on Aug 31, 2016
“Since 2008/2009 when the Fed pumped the world with cheap credit in the wake of recession caused by pumping the world full of cheap credit, Vancouver real estate prices, as well as the rest of Canadian real state, has been climbing and climbing, to the point that now Vancouver locals can’t even afford a home.”
In this video Dan Dicks of Press For Truth explains that for Canadians, it all comes back to the Bank of Canada. By manually lowering interest rates through open market operations, they’ve left the private Chartered banks more leveraged and less capitalized than the American banks were in the run up to the 2008/09 recession.
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