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Royal Bank of Canada T.RY

Alternate Symbol(s):  RY | T.RY.PR.J | RBCPF | T.RY.PR.M | RBMCF | T.RY.PR.N | T.RY.PR.O | T.RY.PR.S | RYLBF

Royal Bank of Canada is a global financial institution. Its business includes Personal & Commercial Banking, Wealth Management, Investor Services, Capital Markets and Insurance. The Personal & Commercial Banking comprises its personal banking operations and certain retail investment businesses in Canada, the Caribbean and United States, as well as its commercial and corporate banking operations in Canada and the Caribbean. Wealth Management provides a full suite of investment, trust and other wealth management solutions and businesses. Capital Markets provides public and private companies, institutional investors, governments and central banks globally with a range of capital markets products and services across its two main business lines, Corporate and Investment Banking and Global Markets. Insurance offers a range of life, health, home, auto, travel, wealth and reinsurance advice and solutions, and creditor and business insurance services to individual, business and group clients.


TSX:RY - Post by User

Post by exprohibition18on Dec 22, 2020 9:30pm
199 Views
Post# 32166791

Why We Live in an Emperor Has No Clothes Tale

Why We Live in an Emperor Has No Clothes Tale It's unreal . The Federal Reserve and Bank of Canada have to keep the printing press going 24/7 spewing trillions upon trillions to keep the illusion of normalcy alive . 20 trillion !?100% of new debt monetized as if 1% would be even close to the clearing rate with this eroding tax base ! What would a bank charge for that credit profile ??

the Ponzi will fail - its only a question of when ? How much bigger is it allowed to expand ? This expansion now risks doing even greater harm than if we just force our banking to confront no QE reality and actually live with no deficits or - have those deficits price at the proper market rate . It cannot continue indefinitely. The implosion is coming so might as well deal with it head on !! 
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