The Biggest Collapse In The Money Supply Since The Great Depression. In this video, we go through inflation data that was released yesterday by Statistics Canada. We also go through the M2 money supply and how it is falling in both Canada and the United States and what this means for the financialized economy which includes both the real estate market and the stock market.
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You won’t hear this on mainstream news outlets like City News, CTV News, CBC News, and Global News. You won’t hear real estate agents or mortgage brokers making these comparisons either.
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Sources
https://www.fxstreet.com/analysis/the-biggest-collapse-in-m2-money-supply-since-the-great-depression-202301252330
https://fred.stlouisfed.org/series/M2SL
https://www.researchgate.net/figure/Broad-money-supply-M2-Great-Depression-vs-Great-Recession_fig3_282102575
https://tradingeconomics.com/canada/money-supply-m2
https://www.cbc.ca/news/business/inflation-rate-may-1.6889725
https://globalnews.ca/news/9794166/inflation-canada-may-2023-interest-rate/
https://tradingeconomics.com/canada/core-inflation-rate
https://tradingeconomics.com/canada/core-inflation-rate-mom
https://www150.statcan.gc.ca/n1/daily-quotidien/230627/dq230627a-eng.htm?HPA=1
http://www.shadowstats.com/alternate_data/inflation-charts
#Depression #Economy #Warning
0:00 – Depression Indicator
1:20 – Financial Crisis vs Great Depression
2:15 – What is the M2?
3:20 – Inflation Report
4:20 – 4th Most Indebted Households in the World
5:30 – Inflation could rise in the fall
6:30 – Inflation base effects explained
9:30 – You decide. Is the CPI real?
10:28 – Bank of Canada and Fed
source
Thank you Luke for another great video!
I’m glad you posted the most updated CPI MoM graph from statsCan in the video and explained how the monthly change affects the test over year.
I know I posted last month’s graph in the comments in the last few weeks but of course with the new CPI formula it changed a bit. But overall it still shows low numbers for most of the next 6 months which means MoM changes around 0.5 to 0.7% should take the YoY rate up to 6-9% by next February/March
Would appreciate if you can do another video on QT and remind people that it’s still occurring in Canada and the US and most other countries that did QE in 2020
The general media barely touched on this which is probably a good thing so maybe it’s better it stays quiet while it’s still occurring in the background keeping bond yields rising or stable most of the time while the average person and certainly the investors don’t understand or remember it’s occurring every month/day continuously. Maybe not doing a video on it I’d better but I’ll leave it up to you since you always report the facts which is why I do my best to watch most of your videos when I have time
Bankers have destroyed our economy.
Just curious are we sending $$ to Ukraine…
Governments always turn back to inflation. It's a boom-bust-repeat cycle. All the low hanging debtor's are going to go bust enduring cheap assets for the Cantillionaire Class.
Mate, this videos is absolutely amazing, so informative and concise. Very easy to understand because of the way you explained the situation.
It's the CP LIEEEEEEEEE!
Thanks for this update. No surprises as you warned of this months ago. In 1990 I adopted a policy of priorities and stuck to them. 1. Food 2. Mortgage payments 3. Electricity 4. Water. If there was anything left over I divided by the other pile of bills and sent payments much below minimums required. Lots of bitching and complaining from creditors, which I ignored but continued to send what I could. Two challenged me with court filings. In the defence period before court of 30 days I attached a copy of our home budget and proof of income showing everything in detail. Both cases were dismissed by the judge. One had a note attached to me showing his note to the creditor which read ….. Your client is technically bankrupt but conues to do the best for his family. Most would simply pull the plug. Piss off! And stop contacting him. In 1992 I got a great job by my persistence. I started my own company. Today I'm in a good set of shoes. Be persistent, get a plan and stick with it! We can get through this!
AND listen to this channel! Carter …. Canada
Interest rates at 2% were never realistic. This just allowed people to buy homes and things they couldn’t afford at over inflated prices. Your first house should never be 2000 so ft plus with all the luxuries. What happened to buying a starter home and working your way up?
1000th comment! Wooop 🎉
1 important point to make- America and the west are not the world.
Right now the world is dividing into 2 blocs. The "west" and the "rest".
The west is collapsing, but the rest is rising.
Choosing to stay in the west dooms you to a generation or 2 of hell on earth.
Majority of those who are at peak consumption age are spending the majority of what is left of their earnings on housing and other necessities. Nothing left for discretionary spending unless you want to bust out the credit card. Easy access to credit is part of the problem. It makes everything more expensive. The current economic structure is too dependent on debt because without it many of us would not be able to afford to live, never mind splurge on discretionary items.
The "Bank of Canada" is wholly and privately owned by "king" charles of england as are ALL crown lands and crown corporations……………………….
It's time to place a burn notice on these heads of banks. These elites are destroying billions of lives and justify it as long as they are protected.
Is this FRAUD? Just purchased a house, Ontario, big bank financed. Signed all paperwork with BANK already. Days before closing, go to sign with lawyer.
Bank is requiring me to sign of that they are securing FULL COST of home even though i own over 250k of it and secured at 10% mortage.
How is that legal? The lawyer works for bank too and bank can realy explain it.
The puppet boy pm in Canada is just doing as his bosses tell him .
$ $ $
Cant wait to see what happens when people get told they dont have savings
Great video!!!!! Thank you sir
Canadians hate Trudeau !!!
Thank you
Everyone realizes this is all by design right? Having all Western major banking institutions adopt the same disastrous policies at the same time when the evidence clearly shows that it is having the opposite effect? The same obsession over invisible enemies like covid and global warming as an excuse to remove civil liberties, increase taxes, and overall government control? You will own nothing and you will be happy. All the leaders of the major banks are also members of the WEF, most of the politicians in the West are also members of the WEF. Seems pretty obvious at this point everything thats happening is going as planned. Once our current society has been so destroyed by various policy decisions then they can implement a new currency and 1 world government
More likely it has to do with the absurd amount of money we've thrown at Ukraine and the woke policies and spending from the Trudeau govt above any other factors.
THIS IS THE AGENDA…. TO COLLAPSE the existing system in order to bring in the new system
The overall plan is move to CBDC sometime in 2024. So anything being done is simply to keep things rolling until that point.
Ultimately all the savers and creditors of the current fiat money system will be cheated as their money will be devalued and worth a lot less once CBDC is enforced in mid to late 2024.
All of the weird crap going on the world today is working towards one objective: total surveillance state with digital ID and CBDC. Plandemic/vax, Ukraine, climate agenda, transgenda, mass migration, open borders, unlimited debt …. all to sow confusion and hopelessness to usher in global government.
Interest rates are NORMAL now. They are not 20% or 15% or 10% … they are 5%. This is NORMAL. Rates should stay where they are for a long time. Stop whining about 5% interest, when it could be much much worse.
I just got a notice from ScotiaBank that my $20,000 LOC that I've had available to me for many years has been reduced to $1,000. Their reason was that I haven't used it.
A Manic Depression!!!
Le pays est dans la merde.
Unreal content brother! This was solid
That is why TURDO and his LIEberals are pushing a digital currency. They need to push something which has no intrinsic value and they can arbitrarily change the value of. It is CRIMINAL and it must be STOPPED.
They need a depression to get everyone to agree to their new climate agenda.
The money supply contracts because people are spending less money, the causes are high interest rates combined with inflation.
Deflation is good for people who work and save money, bad for people who take debt and buy bubbles.
What is "M2"?
But don't the adults/parents of corporate Canada use that fiat to buy/use a personal gas guzzling machine and pump massive amounts of CO2 into the atmospheric gas chamber to accelerate the average global temperature rise to exterminate the children of humanity and creation by AGW, global CO2 levels are 420ppm and the average global temperature rise is accelerating, this is what the parents/adults of corporate Canada did, they invested in the Omnicide of the children of humanity and creation by AGW for a big box and entitlement
Censorship couldn't have come at a better time for Trudeau, thanks to schills in Parliament and the Senate.
The WEF agenda is going as planned, and Canadians still to lazy to care.
What people don't understand is that these leaders want is a full collapse globally so that they can have full control over civilization.
These WEF COMMUNIST/FASCIST actions are planned to collapse society.
Wouldn't have a problem if Trudeau stopped the carbon tax.
"You will own nothing and be happy"…planned??…naaaaa
Even the high net worth and ultra high net worth people worry about money, just in different ways. There's no way around inflation. There's no way around recessions. Stop looking for a solution that doesn't exist and invest more money. Major indexes booked their worst yearly performance since 2008 thanks to drivers like the recession, war, hiked interest rate and inflation which so far doesn’t seem to be easing off, so I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy or do I wait?
You ever hear of chicken little?