My Sunday Book Review was a bit of a more serious read for me. I read this book while away this past winter after purchasing it at Christmas time, which wasn’t so merry for us when the stock market took a huge dive and I felt compelled to learn a little bit more about the banking system here in Canada to learn about how our money is protected in crisis and how much power the banks have with OUR money.
Blurb:
This book takes a deep dive into how Canada’s economy works. It looks at aspects of the economy like the public pension system and the banking system and is pointing out obvious flaws in the system, how to protect yourself from them and what to do once you have acknowledged the problems. The book helps you wake up from what the investment and real estate industries are covering up and how they collude with the government for a significant profit. Reading this book will be a great eye-opener and can change the course of your life from a certain destination of losses to winning in the next economic collapse very few are seeing on the horizon.
In this book you will learn:
•How the Canadian Dollar is heading for failure and there is nothing the government or banks can do to stop it. Imagine a 90% loss of your net worth?
•How real money, commodities might be able to save the Canadian Economy when it collapses and how Gold and Silver is like a life insurance policy just for your wealth.
•How to take responsibility for your own money instead of giving it to the banks and the government and much more.
My 5 Star Review:
As a Canadian concerned about our own economy, I was curious to read this book – especially after the stock market began to tank in December. I felt compelled to learn more about how our banking system works and what possible scary situations could happen if our banks were to ever collapse – as they did in 2007-8 in the U.S.
John Thore Stub Sneisen offers concise information in detail on how the Canadian economy works from our banking system to its potential flaws as well as good advice on how to best protect our assets in the event of an economic/bank crash. Good explanations on the differences between bailouts and bailins.
The information provided in this book is almost a rude awakening about government and banks profiting off individual citizens and big companies, investors and real estate colluding with government. Sneisen also speaks about the importance of buying gold for when all else loses in an economic crash.
This book isn’t the gospel on protecting ourselves. but offers some good insight into how the banks work in conjunction with the economy with solid back-up, and raises some interesting questions, which urged me to continue more follow-up reading. Yes, this book is based on the Canadian economy, but I think, just as informative for all country’s banking systems.
I also want to wish my Canadian friends here a very Happy Canada Day! Happy long weekend!
©DGKaye
DGKayewriter.com 
Wow, this sounds like a pretty enlightening read, Debby. A 90% loss would be difficult to bear, and difficult to bounce back from. I think you’re right about the advice being transferrable. I think banks are among the biggest rorters, here at least, and the government allows them to get away with it.
Have a wonderful Canada Day. I was thinking of you as I celebrated with my Canadian friend last night. She made us a wonderfully delicious traditional Canadian meal. Enjoy the holiday!
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Thank you Norah for the lovely wishes. Yes, no doubts every country has their banks doing things we aren’t aware of until a crisis occurs.
Now I’m curious to hear what a ‘Canadian meal’ entailed? Lol 🙂 x
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For our traditional Canadian celebration, we started with clam chowder, followed by baked ham, scalloped potatoes and other vegetables, then waffles with maple syrup and a cake, I’ve forgotten what Robin called it, but it was decorated with the Canadian flag made from strawberries and cream. Delicious! If I remember, next time I’m on Fb, I’ll tag you in a photo of the cake. 🙂
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Wowza, that’s a lot of food, lol. Sounds like a feast! Thank you Norah. 🙂 x
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An interesting read, Debby. I know this sort of thing because of my job so its second nature to me, but a lot of people don’t know this sort of thing.
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True Robbie, like politics, many don’t care to learn what is going on behind the scenes to come to terms with what goes on in their country. I’m a curious mind who chooses to be prepared than to be surprised. 🙂
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A book that would apply to most of our countries with regard to beneath the counter dealings and strategies to avoid being impacted… terrific review Debby. ♥
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Exactly Sal. It’s written about Canada’s banking system, but no doubts they all play the same games with our hard earned dollars. ❤
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Wherever money is concerned there will be fraud/profiteering at the expense of somebody else. My grandmother used to keep her money in a tin box up the chimney. Thank goodness she never suffered from dementia and lit the fire, lol.
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Lol, so true Stevie. But you are so right. 🙂 x
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Sounds like a good book. I’m posting a funny video about a Canadian and an American talking across the border about the relative merits of their countries. It’s all of about 3 minutes long and pretty clever.
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Interesting.
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Hi Debby – I know people are worried at the moment about their money – those that have it in the stock market … it is a worrying time. I would think on the whole Canada is a good place to be – but one needs to be aware … there’s always up and down turns … we each need to understand our own positions. It does look an interesting book to read – but one I’ll miss out on …
Good luck … and more importantly enjoy Canada Day … cheers Hilary
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Thank you Hilary. I know all about worrying about our life savings in this unstable world. Something is definitely going to hit eventually, and Canada, although, a great country in many ways, has its share of problems. And sadly, what happens in the US ALWAYS trickles down us. That’s why I make it my business to keep up with economics on both countries. 🙂 x
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This book sounds like a gold-mine of information for Canadians. I have enjoyed Canada’s scenery at least a half dozen times, but know very little about its economy. And, no, I would not like to experience a 90% reduction in net worth – gasp!
Money in our bank is protected up to a certain amount by the FDIC, Federal Deposit and Insurance Corporation. We have a a yearly consult with our financial advisor to update our investments. Still, one has to be vigilant, as any sensible person knows.
Happy Canada Day to you!
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Thanks for adding to the conversation Marian and the Canada wishes. We do have the same protections as you, again, up to a certain amount, and I don’t like that. I have our advisor on speed dial, forget about annually, lol. 🙂
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Happy Canada day, Debby! The system is always rigged against the small guy and I have long mistrusted all the advice any big corporations offer. I’ve been learning about ethical banking and there is a strong cooperative movement here, and perhaps it’s time to put our money to better use.
Thanks for the review, Debby.
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Hi Olga. Thanks so much for chiming in. And you are so right – the system is so rigged in favor of the big guys. Now ethical banking in same sentence is almost an oxymoron, lol. Do you know something I don’t? Lol 🙂 xx
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Both terrifying and enlightening. It would be naive to think banks and governments don’t collude to separate people from the money they’ve earned, but the most important thing is to be able to protect oneself in the face of financial disaster. Thanks for a great review. And I believe you’re absolutely right–this can probably be applied to all countries, though the specifics might be a bit different across borders.
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I wholeheartedly agree with you Amy. And forewarned is forearmed. 🙂
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Sounds like a fascinating read, Deb. No doubt, we’re headed for a major recession here. Household debt is at an all time high. Banks have set up mortgages for people who have no money to pay them once the interest rate rises. It’s a scary economic bubble and similar to the U.S. bubble in 2007-8. Everyone was able to get a mortgage (they called those B mortgages that ended up operating like a Ponzi, pyramid scheme. It all came tumbling down. I’ll be checking this book out for sure. Never heard of the author. Is he an Economist?
Happy Canada Day, Deb! Did you and hubs celebrate? We relaxed at home 😛
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Thanks for chiming in Lis, as a fellow Canadian. Indeed we’re living in a debt bubble. And the government is responsible for our ridiculous housing costs for sure. They allowed all that foreign money to come into our country to buy up our real estate, driving up prices with ridiculous over-priced bidding wars, making it much more difficult for Canadians to afford a home here. I can tell you though, that Canadian banks are very leery after the 2008/9 crash in the US and have become very strict with mortgages here, even bank loans. I know this first hand from a family member. The banks don’t want to loan money here anymore using homes as collateral! It’s like they know something. Remember the late 80s, early 90s when mortgage rates went through the roof and buying and flipping properties was like a candy sale? Homes devalued less than half and so many of those speculative buyers lost their shirts when it came to remortgaging and the values of homes had dropped severely, leaving the banks to take over foreclosures here. The banks don’t want to own property, they want the cash, so if they loan money against property in these bubbled times they are aware that history repeats itself. And, thanks for the wishes. Happy Canada Lis. We relaxed too at the pool and it was so hot, we ordered in Sushi, lol. 🙂 Oh, and about the author you asked. I copied this ‘about’ from the book page for you:
About the Author
“John Thore Stub Sneisen is the founder of The Economic Truth, a non-profit organization with over 10,000 followers in more than thirty countries that analyze economic events and hosts workshops on monetary history. He is a co-founder of a The Manitoba Party in Manitoba, Canada and an Economic Analyst with World Alternative Media one of Canada’s biggest Alternative Media News channels. John has a goal to awaken millions of people around the world to the truths of money, commodities, and civilizations. He is a member of the Freedom Force Leadership Council and has also been inducted into the Freedom Force International Hall of Fame together with notable people like Robert T. Kiyosaki, Mike Adams, Lord Christopher Moncton, Catherine Austin Fitts, Ty Bollinger, G. Edward Griffin and many others.”
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I applaud you for picking up a book about economy and finances, Debby. It would be over my head, I think, even though the information is important for all of us. Did the author use understandable language? Or were there a lot of difficult terms. It seems like you learned a lot and can put his tips into practice. Hopefully, it wasn’t too scary and you still have trust in your government (unlike what’s happening in the US).
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I actually have a good understanding of economy and stock market and keep a close eye out because of our retirement savings. I like to know how things work, not just listen to a voice of authority. Yes, the book is perfectly in laymen’s terms. 🙂
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