InvestorMind

12-year old Victoria Grant explains why her homeland, Canada, and most of the world, is in debt. April 27, 2012 at the Public Banking in America Conference, Philadelphia, PA. For more information see http://www.publicbankinginstitute.org.

Everything in moderation. Recent homebuyers can’t be cheered by forecasts of a looming slump in house prices so soon after paying record prices in what may be the tail end of a 13-year-long Canadian housing boom. But hold the Prozac. First, while house prices are widely forecast to soften this year, no one’s expecting a U.S.-style crash of the sort that had prices in overheated markets like Florida, California and Arizona plunging by 70 to 90 per cent between 2007 and 2009. That cataclysm set off defaults, foreclosures, a Wall Street meltdown, and the global Great Recession. By contrast, expect prices in admittedly overheated Canadian markets – conspicuously the GTA and Vancouver – to ease by 5 per cent to 10 per cent this year. And then to recover and begin making gains over purchase prices in 2013. There’s an unduly alarmist tone to the latest forecasts of declining Canadian house prices. The headlines give one the impression of an imminent sharp fall. A recent Maclean’s ...

Here's a video from the Royal Canadian Mint showing how they made the 100 kilogram gold coin. Here's the description. Making of the world's largest gold coin, a 2007 Canadian $ 1,000.000 Maple Leaf. This coin breaks all records: It weighs a staggering 100 kilos and measures 53 cm in diameter. But the most remarkable thing about this impressive coin, which cannot even be lifted by two men, is that it is made exclusively of the purest, finest and most refined gold: 999.99/1000 gold. It has a face value of CAD$1,000,000 and has a market price of US$5,617,699 as of Aug 11, 2011.