RE:RE:RE:RE:OuchI think Canada is going to be the poster child of debt consequences. The funniest thing is BoC now owns >40% of all bonds. lol what a joke, they can't even get real buyers anymore so just monetize the debt, super responsible thing to do but what's going on when no one wants to buy into a ponzi scheme. Let the printing presses run!
Pensions run like hedge funds, if you only knew what your pension held. Taxes will go up, the best part is never have we had so many retirees believe they are entitled to promises that were made to themselves that could never be met, why be honest when you can let other generations hold the bag. Yet non Boomers will never pay for it. You want to start thinking about potential PENSION problems! If you're a boomer you want to be at the front end of this. Ever ask yourself with boomers being the largest buyers who's going to keep prices up when they start liquidating to make ends meet. Most will be terribly disappointed and so good thing you have a house, you can use that, or will you? So once you realize your pensions are worth pennies on the dollar you can refi your home after it loses 80% of it's value. Ever do research on why HOUSING ran in the late 80's? and you think it won't be as messy when they all pass away?
And that my friends is what you call a wealth transfer!