Canadians are debt slaves, and loving it! The funniest part is that many still believe the quotes coming off "banking economists" in newspapers such as this one. The will say, "don't worry, all is good, numbers are pointing up, you are richer than you think etc.."

Listen folks! We are the most indebted county in the industrial world in regards to personal debt. On top of that, our largest city, Toronto,  is ranked #1 in the World as the biggest housing bubble, our third largest, Vancouver, is ranked #4.

At this point in the game, debt is not your friend! Same for the banks, they were never your buddy.