Maybe, if they had all their cash stored in a mattress at home.

Great Depression. People panicked, there was a run on the banks to withdraw savings. You were only allowed to withdraw 10% of your savings. Banks couldn't give out loans either during that time. Many banks went bankrupt and people lost their savings too.

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I can't say I took any of what was written as religious sentiment or propaganda, not that you're implying as much.

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The Trumpet article you mentioned is certainly a nice summary of several recent news stories. However, the name of the journal, the ads on the website and the opening reference to Noah's Ark should have tipped you off to the religious bent – and it is quite bent! – of the article. !!ARE WE IN END TIMES?! Of a real estate bubble, perhaps.

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"B.C. consumers keep their heads above water despite rising debt"

http://www.canada.com/vancouversun/news/business/…

One thing they don't note is that BC's lumber industry has contracted where construction expanded. No mention of the sustainability of the current construction levels, or lack of.

"Canada's Home Inventories Rise Amid Cooling Demand"

http://www.economicnews.ca/cepnews/wire/article/1…

I found this interesting too: "Electrical Wiring in BC Sub- Par"

http://www.canada.com/vancouversun/news/story.htm…

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http://www.thetrumpet.com/index.php?q=5434.3734.0…

"Canadian Countdown: Flood of Job Losses Coming?

A recent report from investment bank Merrill Lynch says house prices in Canada are clearly in bubble territory, with cities in the West especially so. The economic analysis, titled “Peaked: Canada’s Housing Market In Depth,” warns home prices are heading for a sustained downturn.

“We’re most concerned about Saskatchewan, where the doubling of house prices in both Regina and Saskatoon over the past two years has led us to estimate that these markets are now close to 50 percent overvalued—a level that our research denotes as the beginning of the ‘extreme’ zone where bust risks rise materially,” said the report (emphasis mine). After Saskatoon and Regina, the most overvalued homes are in Victoria, Vancouver, Edmonton, Sudbury, Calgary and Montreal.

The report stirred a firestorm of protest, from realtor associations and housing industry representatives, who claimed the report was flawed and that local conditions suggest home prices have not overly appreciated. In July, Finance Minister Jim Flaherty also said: “There is no bubble in the Canadian housing sector, that has not been our concern.”

But to someone living in the U.S., the protests sound all too familiar.

During the lead-up to America’s historic housing bust, the airwaves were filled with the same sort of claims, from the same sort of people, as to why there was no bubble. Federal Reserve Chairmen Alan Greenspan and Ben Bernanke, the president of the National Association of Realtors, various lenders, builders and other government officials all claimed that soaring housing prices were sustainable—even as prices doubled, tripled and shot to multiples of household income."

It's worth everyone checking out.

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If I were a pusher, I think I would target a different crowd, perhaps Realtors,and flippers.

Some West Van Stock Brokers and their GF have the bucks as well.

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http://tinyurl.com/downtowneastside

The Downtown Eastside has always been the centre of Vancouver's hard drug trade. In fact, Canada's first drug prohibition law originated here, introduced a century ago after Mackenzie King investigated compensation claims stemming from the 1907 anti-Asian riots in Chinatown and Japantown. Some of the claims happened to come from opium manufacturers and King became especially alarmed when he learned the opium scourge was spreading to white women and girls.

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Just make sure you get your posting name right when you're visiting the webcam girl's site–if you get that wrong you might not have a wife for long!!

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