Personal responsibility? I have a close friend who just recently was successful in heading up a class action lawsuit against a major financial institution for stealing from their employees and won.
My first question was, do you think you found the only place where this company was unethical? The response was filled with laughter and a resounding no.
My next question was, and you're going to keep your pension with someone who steals from their employees? I could see the wheels turning so I then asked, if you find out you lost most of your pension and you know they're stealing from you do you think you 're so special that you deserve others to hold the bag and make your pension whole?
Funny observation, everyone around me thinks they're going to make it through this unscaved and have literally done no planning, I expect most around me to end up Bankrupt. How many times can you refi your house to float your business that keeps getting shut down? Even had a friend last year reach out to raise money for a buddy running a restaurant and I said, Why would you ever do that to him? Completely inappropriate WAFFLES, so they raise a few dollars, just enough to give him hope and you think that was good enough? Turns out 1 year later it wasn't, in fact it only made him look for money elsewhere and now with the CARDS maxed and a MAX REFI that little donation cost him a hell of a lot more. Should have closed the doors and focused on keeping 20 years worth of work wealth accumulation.
I would even point out that the most confident ones that think everything will not affect them are boomers. The irony. Everyone talks about a wealth transfer sure end of story but ever push a little further and ask who has the wealth? Yup, the boomers.
And it gets worse. Here in Canada we can sit high and mighty on our throne looking down at the US and the world with their foolish money policies, no we aren't that bad. If you believe that make sure you never look at the numbers, you know that ridiculous amount the FED prints monthly to buy back assets? Adjust for the difference in population and Canada smokes the US lol but everything is fine, we're canadian!
How can things not be fine when your leader never had to worry or balance a budget? lol You couldn't even make this stuff up if you tried. Did you guys also catch a report done maybe 6 months ago by the Fraser Institute? They looked at the deficit to confirm the debt to assets. Canada assumes pensions as an asset, of course you say it is an asset but the question is if pensions are used to "lower" the debt ratio does that mean sell all CPP and pensions to pay down debt or are they blowing smoke up everyone's rear giving the impression everything is fine? Things are actually so great that a family member that works for the CRA bankruptcy department said they had never seen it as bad as last month, and that was BEFORE another lockdown. Everything is fine and don't even bother about the future, the government has your back.
so thank god for easy money, now with your house so high in value don't you just feel safe and fuzzy inside. Such great monetary policies that they've managed to push 75% of all the countries personal wealth in one place, your house. So if your house is paid for you own it and you'll be fine. Not true, what happens to your paid house if you can't pay taxes? Sure you can sit and refi your way through retirement. thank god the house was paid for.
So now that 75% of Canadians are on the same side of the trade you slap them all with taxes. Where are you going to run? lol But rejoice taxes aren't as bad as what else was proposed, no second home for you! Besides, it's the big bad market speculators that drove housing :) Did you hear last year in the Netherlands you could get a mortgage below 0% and so they paid you to take the loan? This stuff is so toxic that giving it away for free doesn't even motivate people. lol
So everything is just fine, Sell your GOLD, no need for it :P
Do you see that tsunami in the background?