this post was submitted on 23 Jun 2023
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The problem is the government has been protecting/supporting one group for a long time to the point that everything is now "too big to fail". Government continue to create investment materials that can't fail -- and anything that can't fail will create a bubble and destroy everything else. That investment in Canada was housing. Now it's like over half our GDP is housing investment. And why invest in anything else? Nothing else is as risk free.
I feel like the collapse is never going to come.
When people can't afford to live, the collapse is already here, it's just covered up by a band-aid of bread and circuses.