[Death2Theft]

Are you using BC housing prices to blanket statement the whole country?

Originally Posted by LIKEABOSS

Death2Theft, we know that the international bankers control the economies & governments of the NATO states; How much influence do you think these bankers have on the economies/governments of the non-aligned states (ie. India, China, Russia, countries in the ME, etc.).

PS. I think the bankers have taken over Canadian economic policy as well and are in the process of collapsing our economy. We all know that it was cheap credit that caused the housing bubbles of the affected states and I believe the same thing is happening here, it's just that our bubble hasn't popped yet. I believe this is deliberate because you cannot have each and every G20 economy collapse all at once, that would be too obvious and could possibly get out of control (this is what is happening in the Eurozone). If you want to create a new world currency (which I believe is the objective of the bankers) you want a controlled global collapse. In Canada's case, the average Canadian mortgage interest rate in the past few decades has hovered around 8 percent (when you factor in current rates, this means that for most of this period, interest rates have been OVER 8 percent). It is because of extremely cheap and easy credit that we have 1 million dollar SFH's in Vancouver. [It's not because of rich mainlanders, this has been dubunked by Canada's own realtors' studies. The realtors, and in particular Chinese realtors have been spewing this nonsense to the public (when in reality, it's Chinese Canadians that are buying all the new homes) to boost their sales.] The debt levels of Canadians and particularly homeowners are at record levels (especially BC mortgage debt) and we are rife for a massive correction.