"And to add to that, Canada's financial institutions are much more stable than the US. I have complete confidence in our banking sector. I know that not everyone would agree but we've never had a bank failure here that hurt depositors that I know of and only one failed banking institution that I ever remember."

A few months ago I examined the consolidated financial statements of TD Financial Group to find out for myself the group's derivative exposure. It took a long time. What I found when reading the fine print of all the notes to the financial statements that TD Financial Group had an off balance sheet derivative exposure exceeding its total shareholders' equity!!!!

We are treading in unchartered waters, past performance no longer can be used for future performance. The governor of the Bank of Canada is from Goldman Sachs. Harper is invited to and attends the Bilderberg group meetings.

These days I feel better doing my own due diligence. Off balance sheet derivative exposure is not yet on the radar screen but it will be.