The state of Canadian household debt
The Certified General Accountants Association of Canada (CGA) released a study in 2010 on Canadians and their debt. The Globe and Mail summarized it as follows: Sometimes, recessions can breed a...
View ArticleStatistics on Canadians’ debt load
You are not alone! Here are some interesting numbers from Statistics Canada. Falling interest rates and growing household income since 1984 have enabled Canadians to take on more debt. Between 1984 and...
View ArticleYour debts help bank profits surge
So on the one hand, banks blast warnings that the Canadian debt load is peaking; on the other, the more you borrow, the more they benefit. Borrowing Canadians give banks a boost Despite repeated...
View ArticleThe 99% Movement will fail if the other 98% don’t wake up
Dear protesters, If you treat the world-unifying demonstrations that you achieved on October 15th 2011 as the pinnacle of your success, the movement will fail. What you achieved on October 15th 2011 is...
View ArticleDebt chart
You may have heard tell that the magic of investing lies in compound interest. Understanding how compounding interest works is important when you begin looking for debt relief options, because it will...
View ArticleWhen a 12-year old understands banks, debt and taxes, perhaps there’s hope...
From the Youtube page: This is my daughter. She gave this speech at a businees meeting in front of 600 people. Her eyes have been opened to a scam that is being perpetrated upon Canadians and the rest...
View ArticleWhat a debt counsellor does for you
We understand that many people who are in financial crisis struggle with getting the right information. Not because they lack intelligence, but rather because they lack experience and simply don’t know...
View ArticleIn declaring bankruptcy, you are robbing banks — of fake money
Good god if a twelve year old gets it, surely the rest of us can! When you take a loan from a bank, the banks literally invent that money. When you pay interest on that loan, banks are getting what I...
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