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Originally posted by aboutface
reply to post by Rockdisjoint
So since all the world's central banks are being taken over one way or another, why do I feel that the next false flag will be an attack on Canada? Unless, of course, Harper gives in (or sells us out) peacefully?
When they first established the central bank your economy was pretty much sold out.
Is that not also a corrupt institution?
The third central bank is the federal reserve we have now. Again, its charter is set to expire.
So, the US has not had a central bank for much of its existence.
...we know that both French and soon German CDS will be far, far wider as the idiotic market finally grasps what we have been saying for two years: that you can't have your cake and eat it, or said otherwise, that when you onboard corporate risk to the sovereign, someone has to pay the piper. Yet there is one place where that has not happened so far; there is one place that has been very much insulated from the whipping of the market, and one place where banks are potentially in just as bad a shape as anywhere else in Europe. That place is.... Canada.
...the banks with a TCE ratio of under ~4% a whopping 30% are those situated in Canada, the same place where nobody thinks anything can go wrong, and which has been completely spared from the retribution of the bond vigilantes. Something tells us Canadian sovereign CDS, not to mention Canadian bank CDS, are both about to go quite a bit wider...