Us Commercial real estate is a 4.6 trillion $US marketAnd it is in real big trouble...More importantly, US regional banks have 75% exposure to these loans and mortgages..75% of 4.6 trillion$ is a whopping 3.45 trillion $US...
So, the US banking system will need to be bailed out if too many commercial properties go bankrupt...Gold should explode upwards ..
Same problems in Canada...They are lying out of their teeth when they say the economy is strong. Businesses left and right here in Montreal are shutting down... Since Trudough and Biden closed the borders and then only opened them to only a segment of the population (the vaxxed) ( unvaccinated barred entry) the Quebec economy has suffered horrendous economic damage .. Montreal is a city that depends heavily on tourist dollars to grow economically and for 2 -3 years the amount of tourist dollars that came in was almost ZERO and to top it off even in 2019 many businesses were shutting down because the economy absolutely was terrible...And so the commercial real estate in Quebec and Canada is teetering on a complete implosion because there are less and less businesses around to rent all that office space plus Canada had thousands of hotels empty for 2 or 3 years..The hotel business has to be in shambles too , who's going to pay for all those losses...but wait a minute , Farquar the mainstream media says that the canadian and US economies are booming...lol
Canada had 21 million tourists in 2019 , after that in 2020,,2021 and 2022 and even in 2023 Canada got almost zero.. How can Canada's economy be strong with such a huge drop of tourist dollars?? If Canada had 21 million visitors in 2019 , the US was probably getting 210 million visitors but Biden wanted to protect us against that flu thing..
Even now the USA, home of the free, is still barring unvaccinated people from entering the country.. So the USA is still not back to pre-covid tourist visits..There are 100's of millions of potential tourists from all over the world that are not visiting the US and furthermore many people are cancelling travel to many foreign destinations because many of these flights have stop-overs in the US.. The moronic US govt won't even let you step foot even in one of their airports unless you have taken a product ( vax) that doesn't even work ..But the US govt does not seem to care about the trillions of tourist dollars lost...I think it's by design..
So all this to say the economy is not healthy and that the commies are in the process of destroying the US and Canadian economies to then build back better...
The banking systems in both countries are in trouble...Gold has to be used to fix these financial problems..Gold will go up significantly in price...