Another Nail In The Coffin - Bank Of Canada Cuts Interest Rates Again


The Bank of Canada has lowered interest rates yet again, this time half a percent. Of course, the rational among the establishment is that this is like taking out insurance on the economy. We're just giving ourselves some cushion so if the economy tanks we can keep our debts financed.In this video Dan Dicks of Press For Truth calls them out on their bull and correctly points out that these economic problems can be deduced to relevant factors and they are: central banks and fiat money!

Sources:

 

http://www.cbc.ca/news/business/bank-of-canada-slashes-benchmark-rate-to-0-5-loonie-drops-to-6-year-low-1.3152673

 

https://pressfortruth.ca/top-stories/canada-being-set-fail/

 

http://www.theglobeandmail.com/report-on-business/rob-commentary/debate-grows-over-fed-policy-and-low-interest-rates-exacerbating-inequality/article25030330/

 

http://www.bloomberg.com/news/articles/2015-07-02/riksbank-cut-rates-deeper-into-negative-to-cap-gains-in-krona

 

http://www.wsj.com/articles/chinas-economy-is-recovering-1436979092

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