RBC is fucking done, and obviously the Canadian economy is going to go down with it.
If you have CAD right now, trade smart and go hard on shorting everything related to housing that you can.
If you don't have a lot of savings, don't try and short this -- pull your savings out right now, and put them in fucking Bitcoin or Ethereum and thank me later.
And I know most of you stupid fucking faggot striver poors will just yank your money out and stuff it under your bed like the fucking paranoid insects that you are, but don't bother cashing out just to hold paper and fucking loonies, it's about to be worthless.
Put those stacks in solid investments, if you have to buy Canadian go for natural resources picks like Barrium, or even fucking pot, don't hold CAD over the next two months.
You have very little time, good luck poors
Caleb Green
> tfw poor
Dominic Davis
buy food
Sebastian Brooks
Bank run in 30 minutes?
Isaac Wright
Insider at BMO here, this guy is full of shit. Carry on as usual.
Connor Adams
Americunt here.
No idea what goes on in Canada. What caused this? Housing bubble?
Benjamin Morgan
cant lose my savings if i have none
Oliver Baker
If only you imported more immigrants you could have saved your economy.
Juan Cooper
What can a poorfag buy? Rice&beans? I just recently moved back in with my parents and I'm trying to get my life sorted out, but I have a couple hundred in a savings account
Jackson Young
I heard Bitcoin and ETH were going to crash soon as well. What are some alternative investments? I think in this case food and water might be a better idea.
Ayden Young
You fucking pajeets and your coin scams. POO IN LOO. GET OUT OF Sup Forums GET OUT OF /biz/
POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO POO IN LOO
Christian James
so if I have no money in my account what the fuck are you banking faggots going to do?
Charles Nelson
I'll take the bait
Didn't Canada sell all its gold a little while back? Is this related? Would this trigger an international event like Deutsch Bank and Credit Suisse's ongoing issues??
Evan Turner
black beans and brown rice in bulk. also lentils and oatmeal is cheap thats all i eat. spicy chicken mr noodles when im feeling fancy
Hunter Ortiz
Only have $27,000 in bank. Wat do?
Benjamin Morales
I'm mildly retarded, but I believe OP is saying by having your value in something that isn't a currency which is about to shit the bed, you can preserve it.
Brayden Williams
This. OP mocks pulling out and getting cash but recommends literal gambling memes like ETH. I don't doubt he's right about a crash, I just think it's retarded to use as an excuse to waste it on internet nerd money.
Brody Wright
Shit-tier Post m8
Noah Sullivan
Jokes on you I got no money.
Michael Sullivan
I get paid in USD
Daniel Stewart
Are you a Tory shill? Because. Why just us? I'm NDP so I know Liberals are shite. Trump; the nationalist globalist said he might break up their banks. We already did that. You wanna maybe be specific? I'm with a credit union anyways. Been working since 13. I'm 30 now. One job then, since I was 17. All on call. I have no money anyways
Dylan Morgan
>1 post by this ID >shills meme coins
Fuck off POO!
Tyler James
proof of employment or gtfo
Austin Myers
I want to know the answer to this
Tyler Garcia
Can individuals from Canada put their money into an American bank account? There's gotta be some actual solutions
Josiah Jackson
Lel
Ethan Smith
According to the other thread, its in a nutshell, what happened to us in 2008, at least so far as I can tell.
Camden Green
If that's the case, hold onto your stocks. A lot of people panic sold during the recession and lost everything. Those that didn't are doing fine now.
Brody Lee
>other thread Link?
Adam Phillips
> > Been working since 13. I'm 30 now. One job then, since I was 17. All on call. I have no money anyways.
That's NDP voter in a nutshell. Maybe add 30k in student debt.
Nathaniel Martin
>user is hitting hard times and has to live with parents >one day user brings home 70lbs of rice, 30lbs of dehydrated beans, 80 cases of bottled water, >the world's gonna end, MOM! the jews! shuts door to bedroom
Isaac Jackson
anything to invest in? would trading to other currencys be good?
Isaiah Nelson
I think there are cross-boarder banks where you can access it in either place, but the overall point is to convert your CAD into a different currency if you think the Canadian economy is going to crash. You'll either win or lose depending on fees and what happens to the exchange rates.
Easton Butler
damn i am glad i am not a leaf
hahahaha
David Campbell
>1 post by this ID Quit shilling Ethereum.
Jack Hernandez
It seems to be shaping up to be the Great Recession for Canada. I'd take losing a half of my money to fees rather than losing it all.
Justin Sanchez
>Bank insider kek
Adrian Reyes
Lol what stocks? I was still in high school during the 2008 shitstorm, and when I graduated in '11 I havent been able to find a fucking job in this area. Cant drive, so thats out, and everything else requires experience or is so oversaturated in applicants I'll never get looked at. I've been stuck as a NEET.
My assets consist mainly of the outdated computer shit I've accumulated over the last 6 years, my bicycle, my clothes, a few other odds and ends, and maybe $5 in a paypal acct.
> its about to 404 though
William Ramirez
Gold and silver coins as well
Julian Walker
West is selling gold and China and Russia are buying it up.
Anthony Morgan
> mfw I have been talking to my mom about the Jews at dinner for weeks now > Was initially skeptical but has since become convinced > "What are you thinking about user? You look stressed" > "Birth rates in Africa" > mfw I'm going to be THAT uncle
David Baker
It's better to have no assests than be in debt for assets during a recession.
RARE. If you go this route make sure you physically own the gold an silver. Beware of trickery. It's not a route I'd recommend
Hunter Martin
Trudaeu here everything is fine this must be a alt-right shill who wants to stop our multicultural society
Nathan Nguyen
insider at CIBC here
big news
I can't reveal too much but you'll be fine and your deposits are secure. OP is full of shit
Ian Murphy
lmao
Benjamin Ross
Yeah they sold the last 100 million they had in gold. In an economy of 1.5 trillion.
Oh no, if only they had that 100 million in gold the 38 trillion in Canadian Dollar assets would have a firm backing in reality.
Jayden Morris
Why did this happen?
Caleb Thomas
Chinese.
Eli Nguyen
THE INSTANT RAMEN >Canada starts visa program so only millionaires can immigrate >get chinked by Chinese buying up houses left and right yet never living in them >prices for housing skyrocket as a result of this "demand" >leafs can't afford homes while yellow menace keep buying $2 million crackhouses thinking it's a good investment >banks keep handing out mortgages like candy because they know Canada's government is so cucked they'll take the mortgage no matter what >now >Canada in deep shit since the burden is heavy >Chinese sense this, rumors about them pulling already circulating, and no faith in a economy is enough to crash it >bubble's going to burst, banks will get fucked, and leaf currency is going to drop hard
Gavin Lee
For the last few days a paid advertiser from zerohedge has been posting about how a subprime mortgage lender in Canada got a 2 billion loan from a pension management group, to cover it's 20 billion in mortgage loans.
Then going off on rants about how the housing price bubble which is limited to two cities is going to burst and end the whole Canadian banking system.
Mason Morgan
Pays attention
Does not pay attention.
Sup Forums needs to become more aware of the East/West financial war.
Wyatt Cook
proof of employment pls thx bye
Zachary Roberts
Just exchange now a sizeable amount of money into USD. Banks, travel agents, etc
Tyler Butler
>It's better to have no assests than be in debt for assets during a recession. Yeah thats about the only thing I've got going for me. If everything goes to hell, I at least have the option of packing up some of the shit I've got left, cramming it all onto my bicycle, then hit the road for greener pastures (ha, as if).
My family however is fucked. SuperNEET stepdad has student loan debt and the mortgage on the trailer in his name, mom has the car loan for the vehicle (2004 Cooper, but still a couple grand loan after insurance payout) she was forced to buy when she got in a car accident, and her medical debt on top of that.
Luke Long
I've never seen that flag before where is it from?
Nolan Martinez
why should we believe this?
Jackson Hernandez
too fucking real
Chase Young
Gold doesn't matter in canada, no one gives a shit about those shiny rocks. How's the maple reserve doing? If the warehouse is still full, everything is fine. The government can always revert to a maple backed dollar and keep things going.
Caleb Brown
If they pull their investment out of your country you win
Zachary Brown
so should I just sell all my CAD for USD?
Christopher Bell
Ok, explain to me WHY "it's fucking done"
I heard earlier today a mortgage lending company was insolvent and a lot of borrowers were running to them. Is this related?
pls respond
Julian Martin
> "What are you thinking about user? You look stressed" > "Birth rates in Africa"
I've said this same thing except about immigration. I think the west needs to completely end ALL immigration except for very high skilled workers and of course mobility within western countries. It keeps me awake at night.
Brayden Hernandez
>Put those stacks in solid investments, if you have to buy Canadian go for natural resources picks like Barrium, or even fucking pot, don't hold CAD over the next two months. >You have very little time, good luck poors
I'm with BMO. I have 95% of my money in USD am I ok?
Nicholas Cruz
kek
Austin Kelly
Lower classes seem to do fine during a recession for some reason. It's really the middle class that gets screwed
Dominic Torres
We win, but we also lose (a lot more)
Hunter Jones
Yes.
Gavin Ross
hahaha
Cooper Reyes
ETF's safe?
Eli Sanders
>leaf bubble pops >leafs become depressed and shitposting levels decrease >mfw
Leafs are in desperate need of humility.
Julian Reyes
Nigga knows where it's at
Carter Bennett
Grandma has $20,000 in cash in a safe. She's been saving up to buy a house for a while. Even if our dollar crashes, presumably house prices will crash too, right? So she's fine?
Benjamin Morris
buy gold and silver...check out JM Bullion,,grab some silver kilo bars and hide them in your walls..
Julian Ramirez
I bank wit BMO HARRIS im america behehe
Sebastian Bailey
If it gets as bad as that, stock up on chickens and bullets.
James Gray
trade into pelts and goosefat
Andrew Nelson
>I'm with BMO. I have 95% of my money in USD am I ok? yeah, but you're losing on interest big time
put it all in TD, you'll get way more interest it's a Canadian Bank owned by the US
you're welcomed
Ayden Perry
Kek fuck no, chings will keep the house price up
Brandon King
that's British they own banks in the US and in Canada
Levi Ward
Canada only has 2 cities, Toronto and Vancouver, the rest are crap tier swamp towns or French
Logan Taylor
Why do we have the son of Fidel Castro as our Prime Minister? Fuck this guy.
Adam Flores
>RBC well boys i guess i'm fucked. they have my entire life savings which is invested and locked up for 2 years. i CAN withdraw but with a fucking massive penalty
Jacob Rodriguez
What about USD, is it safe?
Easton Miller
Kek, no. House prices will go down a lot but the dollar will go down more and you won't have as much income
You'll be further behind
Matthew Flores
>It's better to have no assests than be in debt for assets during a recession.
I thought debt is worth less during a recession? Because you can repay the debt with currency that is worth less now?
Hunter Stewart
You forget about the crap tundra towns, and crap prairie towns, and crap mountain towns, and crap forest towns.
Aaron Williams
Depends on where she lives. Vancouver and Toronto are overdue to get fucked, but the rest of the country will get tarred with the same brush. (Will bounce back faster tho) She would actually be better off in bubbletown, as prices there will fall the most relative to the loonie.
Oliver Watson
we've NEVER had much gold. i think we had something like $300 million worth which is fucking nothing. Harper sold most of it then weedman sold what was left when he took office
Jason Cox
this the entire province of British Columbia is chinked owned
also you nedd at least $500,000.00 for a small house in Canada in the suburbs, forget about the city
go buy a house in the country with lots of land and zero niggers
Adrian Reyes
What if one is renting, my dudes? how fucked are we?
Jace Martin
>Vidya prices will skyrocket even beyond aussie prices
Tyler Wood
itt: rural and suburban retards
Justin Hughes
Yeah. Banking is going to crash because of the housing bubble. Dont buy meme currency though. BUy ressources. Uranium is cheap. But it will go up, as all metals. Buy some Cameco. Sell wood and paper though.
Charles Long
Montreal downtown is full english, everyone speaks english, stores greats you in english. McGill university is full of American so is Concordia
Montreal is basically anglophone
Zachary Gonzalez
>25 >make $19/h driving a forklift >have STEM degree but can't find a job because the economy is fucked and you need 5+ years experience >70k in savings, half in S&P 500 ETF
What the FUCK am I supposed to do?
Michael Robinson
the housing bubble is spilling over to other cities though. people can't afford Toronto and Vancouver so they go to neighboring cities which drives the price up there so again people move on to neighboring cities and it just flows across the entire country. sure nowhere else is getting to the insane prices of Toronto and Vancouver but prices are inflated all across the country
Caleb Flores
rent will actually get cheaper you won't get an increase for a fucking long time
Kevin Reed
What are your internship options?
Austin Jackson
CRASHING THE ECONOMY WITH NO SURVIVORS
Hunter Nelson
35k in the s&p 500 etf, 15k in an s&p/tsx 60 etf, 20k in canadian government bond etf