Nov 2, 2017

1 billion dollars exchanged hands via bitcoin today.

More and more main media outlets are realising the fragility of the IMF now that the central banks are starting to own over 50% of their countries debt. Politicians like to spend and the federal debt of Canadians is over 98% of their GDP
 Then we need to add provincial debt, which Alberta has the lowest (10% of GDP), but it is climbing quickly with the NDP in power. Last, but not least, is personal debt which is approximately  160% So whether we look at public or private debt we are getting to the point where bankruptcy should be declared.