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on what I've learned from @StephenPunwasi and why you should follow:
1. We are going through the biggest economic experiment in recorded history by experiencing the longest bull market ever recorded in the world.
Con't...
on what I've learned from @StephenPunwasi and why you should follow:1. We are going through the biggest economic experiment in recorded history by experiencing the longest bull market ever recorded in the world.
Con't...
2. Governments are afraid of market corrections and will do everything in their power to slow it or stop it in it's tracks.
3. Those in charge of Canadian Monetary Policy are currently choosing to intentionally hyperinflate our dollar with Quantifying Easing (printing monies).
3. Those in charge of Canadian Monetary Policy are currently choosing to intentionally hyperinflate our dollar with Quantifying Easing (printing monies).
4. However Canada has no plans regarding International money-laundering (IML) and Canadian Politicians encourage such investments by appearing in commercials targeted to internationals.
5. Another encouraging reason for IML is the Canadian Government:
con't...
5. Another encouraging reason for IML is the Canadian Government:
con't...
5. Over the past decade, ~$35 billion in Greater Toronto property was bought with no idea who the corporate owners are due to a lack of public ownership data.
$25 billion was bought using cash from unregulated lenders without AML regulation.
$25 billion was bought using cash from unregulated lenders without AML regulation.
6. International gangs made a casino too dangerous for a money laundering investigations. https://globalnews.ca/news/7593419/bc-casinos-too-dangerous-cullen-commission/
7. The Liberals ended up shutting down the RCMP financial unit in Ontario when told about the increasing amount of financial crimes in the country https://www.thestar.com/news/investigations/2020/01/15/the-rcmp-is-shutting-down-its-financial-crimes-unit-in-ontario-heres-why-former-top-mounties-says-its-a-mistake.html
8. The standing committee of finance heard from experts that luxury cars were being used to launder cash. A 2019 report showed a US$410 million money laundering scheme using luxury cars.
Still no Federal rules. https://www.scmp.com/news/china/money-wealth/article/3009330/chinese-cash-fuels-vast-luxury-car-laundering-scheme-canada
Still no Federal rules. https://www.scmp.com/news/china/money-wealth/article/3009330/chinese-cash-fuels-vast-luxury-car-laundering-scheme-canada
And then there is this picture that says it all with no words:
IML supports more of the GDP than Canadians realize. How can a first time home buyer compete with someone who is moving as much money as possible without breaking the market and going against self interest?
Check out this thread for more info: https://twitter.com/StephenPunwasi/status/1300222309760811009
Check out this thread for more info: https://twitter.com/StephenPunwasi/status/1300222309760811009
