Canadians are in so much debt that it will never be paid back. Ponzi Finance?

Canadians have $1.83 of debt for every $1 of income that they have. How did this happen? The household debt service ratio rose. Debt to income is at record highs right now. This is a Ponzi finance scheme. One of the largest in the world. Canada has created a huge real estate bubble that must pop. We discuss why this will happen. How the economy is slowing and heading into a recession if not a depression because of the debt.

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