Canadian High Interest Savings Bank Accounts

At least I took profit from it when the interests rate were of 4.5% and around.

Now I really don't know what I should do with my money.

Inflation is actually going into deflation now at -1.xx%,

Govt inflation statistics are all fake.

Despite falling by more than half, gas prices are still close to the 1 dollar mark as oil companies which are a price fixing monopoly do not pass on the savings to consumers.

Groceries have only gone up as far as i can see. They never go down.

Hidden taxes and fees, fines, insurance..etc. these things either have stayed at the same price or gone up.

Where is the -1% figure coming from?

The govt is punishing savers by keeping rates artificially low. The problem with the fiat monetary system is that it leaves govt in control and the fruits of one’s labor. Your savings are not safe from the govt which engages in confiscation through taxation, inflation, devaluation.. etc. The banks offer such a low rate because the govt just prints money for free and gives it to them. The whole concept of working for your paper money is a joke.

As for financial advisors, a good number of them have devastated the portfolios of their clients. They don’t know more than anyone else where the market is headed so its foolish to be taking their advice on anything.

I pulled my money (except RRSP) out of ING when they kept dropping the interest rates.

housing was already well into bubble territory so it isn't that its gotten cheaper. rather its still way overpriced.

don't know about autos but every new car cost 10K at the very least so nothing deflating there.

prices are not passed on if any deflation is going on in industrial machinery.

basically nothing is going down. expenditure at the end of the year if you total it is always headed in one direction only.