(:

Ok :), I mean it's somewhat understandable that housing became money--because folks sorta understood the fiat game. But, as Max Keiser likes to say:

You can't taper a ponzi!

You can say that again. It’s time the people just ignored the gvt and go on a #Bitcoin standard

#bitcoin is on a path to demonetize the current premium in RE. Bitcoin may very well help make housing affordable again.

The date is correct; Australia really went psycho with covid.

Game Theory forces countries and companies to stack #bitcoin in silence.

It's not pretty, moral hazard will abound

See also Ireland circa 2011... massive youth unemployment and exodus from Ireland after the national slush fund, NAMA, uses bailout money and garnished wages from PAYG workers to prop up property values at unaffordable levels

Have you heard of the Japanese real estate bubble in the late 1980s? It was an unprecedented speculative frenzy. Prices soared, fueled by easy credit and rampant investor speculation. Japan seemed unstoppable, but little did they know what awaited them👇

In the early 1990s, disaster struck. The bubble burst, causing a devastating collapse in real estate and stock prices. The trigger was monetary tightening policies implemented by the Bank of Japan to curb inflation. The effects were far-reaching.

Property values plummeted, leaving investors and financial institutions with enormous losses. The country entered a prolonged period of economic contraction known as the "Lost Decade." Low growth, high unemployment, and stagnant wages became the new normal.

The bursting bubble exposed the vulnerabilities of Japanese banks. They had heavily invested in speculative real estate loans and faced insolvency as asset values tanked. Government intervention was required to stabilize the banking sector.

Now, let's shift our focus to Canada. While it's a different country and time, there are notable parallels. Canada currently faces a private debt situation that bears some resemblance to Japan's bubble era.

Canadian households have accumulated significant debt, driven by low interest rates and easy access to credit. This debt is primarily concentrated in mortgages, similar to how Japanese investors flocked to real estate investments during their bubble.

If there's a sudden shock to the Canadian economy, such as a sharp rise in interest rates or a housing market correction, the private debt burden could become a ticking time bomb. Just as in Japan, the bursting of the bubble could have severe consequences.

Fast forward to today, and we're witnessing interest rates rise at an unprecedented pace. The Bank of Canada recently raised rates by 25 basis points, despite Canada's private debt-to-GDP ratio surpassing 230%. This is even higher than Japan's peak during their bubble.

What does this all mean? While the exact consequences are uncertain, it's crucial to note the eerie similarities between Canada now and Japan during their bubble's peak in the 1990s. Both countries exhibit high levels of private debt and face tightening monetary policies.

If the Canadian housing market corrects due to interest rates surging rapidly, it could potentially trigger a similar chain of events as Japan experienced. High private debt burdens become unsustainable, asset values decline, and the economy faces significant headwinds.

What do you think happens next?

The head of FEMA said they are running out of money to help with wildfires 🤷‍♀️🤷‍♀️🤷‍♀️

We are the chosen few to understand the enslavement of humans years and years ago instilled into our life. We can't save everyone only the ones that want to be saved and tgats the really hard part to let ppl drown knowing what the solution is

money creation must be ethical.

use #Bitcoin

Wut?! Really? I think CA authorities may be having their cake and eating it too on this... Pretty sure they have sweet preferential contracts for British Columbia power (BC also LARPS about the righteousness of their power use, recently put a moratorium on new bitcoin mines)

In California they are penalizing people that use the grid. One item on the bill is literally a fee because you are getting your energy from outside of the state. They want everyone to go solar lmao.

Another great day for you to #DeleteXitter meaning deactivate your account, delete the app, and never go back to that zapless wasteland of shitcoinery, outrage, and people sucking elon’s mocropeen

#Bitcoin is Freedom

The New York Times deserves to be killed by free speech 😁