You Don't Know What You Don't Know

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What Middle-Class Canadians Need To Know

(on matters financial, economic, geopolitical, and societal)

The Canadian Housing Bubble Explained:

July 1, 2013

It is truly amazing what had to be done to remove safeguards at every level (from removing the need to verify income, putting appraisers into a position where, if they wanted THE LENDERS to continue to feed them business, they had to inflate their valuations to what was required to complete the sales transaction, to the investment bankers that sliced and diced these mortgages into toxic mortgage-security products, to the rating agencies who falsely labeled them AAA, and all the regulators who purposely turned a blind eye to it all.  Canada has done the same, but took a slightly different path.

Canadian Oilsands and LNG - How Things Play Out:

July 1, 2013

A Credit Union CEO's Fiduciary (if not moral) Duty?

July 1, 2013

Credit union CEO's (along with their management team) have the expertise that allows them to understand how and why the credit-bubble was fuelled.  They understand financial repression, overcapacity (production capability and housing construction) contracting aggregate demand, peak credit, and the effect these realities will have on the economy, employment, people's savings, and their ability to pay back debts taken on during the bubble years.  For the millions they are paid each year, do these CEO's have a fiduciary duty to educate their employers (credit union members) on these matters?

Investing - A Financial Industry Con Game?

July 1, 2013

Investors take all the risk, yet any additional returns earned for doing so, are pocketed by their financial "advisor" (salesperson) and the financial "services" industry they work for.

In addition to this, what will eventually happen in the financial markets, and with real estate, will be guided by government policy.  What we need to keep in mind is that, with over 80% of people relying on government for 80% or more of their retirement income, the best policy for government to follow (and one that they have been following for the last 30 years, and will continue to do so on a go-forward basis) is to first create a slow-growing bubble in these assets and then manage the downward price trend as we reach a world of "Peak Credit" and overcapacity. 

The Inner Workings of Canadian Politics:

(how the sausage is made)

July 1, 2013



Information I Have Shared With The CEOs Of Vancity, Coast Capital, Envision, and Prospera:

(with the hope that they would "pay it forward" and share it with the credit union's member-owners (people who effectively are their boss)

July 1, 2013

I have shared this with these CEO's in the hope that they would "pay it forward" and provide true financial literacy to the member-owners of the credit unions (over 1 million British Columbians who are the employers of these CEO's, and to whom I believe these CEOs owe a fiduciary duty that is completely different than what bank CEOs owe to their banks customers (bank CEOs' duty is to their shareholders, not their customers, for a credit union, these two stakeholders are one and the same).

Correspondence With The Elected Officials Who " Represent" Me:

(MLA's and MP's of all political stripes, including Finance Minister Jim Flaherty and Bank of Canada Governor Mark Carney)

July 1, 2013

Not much in the way of commitment to action on their part, but at least they cannot hide behind the excuse that they did not know.

Read more (critically important - even more valuable than the videos below)

Please watch the video in "full screen" by clicking on the icon at the bottom right-hand corner. 

This will allow you to read the commentary I've added to the video (the commentary could have been better presented, so I apologize in advance if it is a bit difficult to follow and watch the video at the same time)