It’s like over, dude.


Strange times, these are.

More than a few people argue on this blog that there is no crisis. The malls are full, they say, the restaurants humming and SOLD signs sprouting. The argument is if people are spending money as freely now as last Spring, whatever ails us will self-correct.

Others are apocalyptic. They see mall parking lots and despair so many could be so blind. A few of those were on CBC television’s ‘Sunday’ newscast – a guy raising chickens and preaching violence in support of a sustainable future, and an apartment-dwelling woman with a six-month supply of canned food, raising cute bunnies she might eat.

Others are just confused. Like Allan, who sent me this note on Sunday: “I’m among the 80% of people who own their home and require funds to survive. I’m 69 years old and wonder how I’ll find the funds to pay the utility and maintenance bills. I have looked at reverse mortgages, but do not want to lose the equity in my home. Would it be better for me to sell now and rent an apt. and invest in G.I.C.’s? My house was listed at $289,000.”


Let’s wind the tape forward ten years. That would place nine million Baby Boomers around Allan’s age. Unless something drastic changes, we know this: Personal savings rates will be close to zero. Half of all the Boomers will have absolutely no retirement savings. Just over 40% will have RRSPs with more than $50,000 – enough to live less than a year. Seven out of ten will have no corporate or workplace pension. And more than eighty per cent of all their net worth will be in real estate. That they can’t unload.

As I wrote hours ago, a house is not where you want your wealth over the next, troublesome years to come. With continued unemployment, rising interest rates, an aging population, the inexorable decline of our major trading partner, catapulting energy costs, rising taxes and indebted, cash-starved governments, real estate will be comatose.

This is not a happy picture. Add in peak oil, Osama bin Laden feeling frisky again, Iran nuking something, Pakistan going radical or emerging climate change disasters, and it’s not a huge stretch to see a nation of Allans, where once credit-swilling, mall-hopping, house-buying, live-for-today-sha-na-na Boomers tripped out. And seeing these sad people account for 32% of the Canadian population, we’re likely screwed.

In short, there’s no way our current social status quo will remain. Those who think we’re on a fast trip back to 2007 – rising assets, easy money, endless growth – should read this. Pronto.

If the next few months bring some measure of stability, and a sense of calm and even normalcy, do not waste them. This will be a time to sell illiquid stuff like real estate, to prepare for a future in which there will be no greater obsession than energy, to trash debt and achieve as much self-sufficiency as possible. Those who control their own lives will end up enjoying them.

For Allan, that means selling instead of starving.

Note: No bunnies were consumed in the writing of this blog.


#1 Future Expatriate on 04.12.09 at 10:38 pm

I’d worry a lot more about Israel nuking Iran (and their Russian advisors) before I worried about Iran nuking anything. MAD worked just fine for the major powers for decades at avoiding nuclear war. It is only when one side is ridiculously outmatched that war happens.

And we have more to fear from “Emmanuel Goldstein” then Bin Laden; oh wait, their function to the state is synonymous.

#2 Eduardo on 04.12.09 at 11:30 pm

Good post Garth, this one will get no argument from me, just a question about where you think these people are moving?

Sidenote: Shouldn’t housing starts essentially be zero now?

#3 Apocalypse Now on 04.12.09 at 11:32 pm

videos are worth a 1000 words especially coming from someone who’s been there. be afraid, be very afraid!

#4 Jimmy on 04.12.09 at 11:48 pm

Don’t worry so much people.

It’s not good for your health.

#5 Clifford J. Wirth, Ph.D. on 04.12.09 at 11:48 pm

Garth has, the good times will not return. Anyone who thinks thinks are ok should see my blog:

and this post:

and this report, by me:


Cliff Wirth

#6 CS on 04.13.09 at 12:33 am

You know what’s even scarier than this? The huge number of baby boomers who have a mortgage as well as no savings, pensions or RRSP’s. Everything’s in that house that wasn’t bought all that long ago and was supposed to appreciate enough in 5 – 10 years to make up for all the financial screw ups before they finally saved up the down payment in their late 40’s or early 50’s and reached the dream – their own home. I know more than a few who figure if they could just have a house paid for, they could get by on CPP/OAS, given that the largest cost is usually keeping a roof over your head. Alot bought knowing they’d never pay for the house (they were too old when they finally bought), but figured it would appreciate enough to give them something. In the current market, they might sell now and have only a few thousand left over, yet still have to figure out how to pay for housing and everything else. Or they might hang on, hope for the best and end up retired with an upside down mortgage. I’m not sure we have enough WalMarts for them all to be greeters so they can survive. It’s not like doing this in your 20’s and having time on your side to start over. What will happen to all of them?

#7 squidly77 on 04.13.09 at 1:09 am

eduardo~pull the rusty pin from your brain
itll hurt but be worth it

#8 Peter on 04.13.09 at 3:59 am

The US economy is looking as an old Jacket with many big holes on its front.
What is tailor Barack Khusain Obama doing to repair this Jacket?

He is cutting big pieces from the back of the Jacket to cover holes on the front of the Jacket!

Great monkey’s job, Mr. President!

#9 Da HK Kid on 04.13.09 at 4:31 am

Garth, a very realistic call. I have commented before the boomers are toast. Reports seen 4 months ago show 50% said they would have to work 1-3 more years into retirement and 27% said 3-5 years.

These were boomer who have seen their net worth shrink right across the board by on the avg. 35%.

Note, this was 4 months ago. Where do they find themselves now.

After the bear market rally we will retest bottoms.

Who says Unemployment will be a lagging indicator, how about a leading one.

These new bottoms will only be what is known an on the radar re: subprime, alt’s option A’s, commercial, credit cards etc for the next 18-24months.

Then comes the realization that boomers are more messed up and pensions are toast and healthcare is challenged.

How can anyone see good times ahead? How can anyone be seriously looking to buy any hard assets right now?

I fear that if everyone read Garth’s book in Canada only 5% may do the right thing as they are so hopped up on the juice of cheap spending, belief in government and pure denial that it will be too late to save them brother Garth!

You will be only able to help those who WANT to be helped, WANT to face the harshest of realities and maybe wake up to the fact that they are rolling the dice big time if they either dont sell now or buy now.

It’s either stupidity or insanity that would have you take an unneeded spin with RE right now when you dont have too.

In 5 years, the government will be taxing you on bartering, wait and see, but by then you will have been taxed to death.

Rule #1 – Self Sustainability
Rule #2 – Fly Low Under the Tax Radar
Rule #3 – Pick your Journalists VERY carefully as real will be the new rare!

#10 "Sir" North Vancouver Citizen Jr. on 04.13.09 at 4:34 am

‘A man is rich in proportion to the things he can afford to let alone.’
Henry David Thoreau

“””Who would have predicted a century ago that the richest civilizations in history would be made up of polluted tracts of suburban development dominated by the private automobile, shopping malls, and a throwaway economy? Is this the ultimate fulfillment of our destiny?”””

…so Garth et al, maybe there is something to the story of the NWO reducing the world’s population down to….500 million.

(You and I are safe…we are part of the 500 million, a Prime Minister and his Federal Finance Minister sidekick.)

#11 David Bakody on 04.13.09 at 6:19 am

And ladies and gentlemen we can add this to Garth list. News reports ( and commercials) of the demands of children who thought Mum & Dad were a source of spending money on demand! This is one avenue where I have no, repeat sympathy for a foolish generation who spoiled their boys where it was almost impossible to get a kid to shovel snow or cut the grass. Too busy with sports or playing electronic games! In my day spending money meant finding a job and I was told to pick up shovel and go over and help our older neighbour shovel his driveway, as a matter of fact I soon learned and did not need to be told and this continued on in my adult life. Look at the fast food chains …… 90% + working girls.

#12 Maurice on 04.13.09 at 6:43 am

Amigos: I wish this were true. That is, that the ants would really prosper. Unfortunately, we have the slave master, government. Government will take from the ants and give to the grasshoppers. Taxes will increase to the point of seisure of assets; so that the majority are taken care of by the minority, who worked, saved and invested for their future. Just as the U.S. changed from free capitalist society, to a socialist society, with the virual nationalization of banks and the auto sector, so will our private investments be socialized with tax rates above 60%. Just wait it is coming.

#13 Kash is King on 04.13.09 at 6:56 am

So Garth, isn’t last nights National story a perfect segway for getting yourself invited on for perhaps questions by the At Issue panel or something?

#14 Kash is King on 04.13.09 at 6:57 am

Some interesting comments on Mish’s site:

#15 Charles T. on 04.13.09 at 7:12 am

The following link will take you to an article on the website titled “Goldman Sachs hires law firm to shut blogger’s site ”

Goldman Sachs hires law firm to shut blogger’s site

#16 grandeprairiegirl on 04.13.09 at 7:40 am

#9 NVC Jr ” maybe there is something to the NWO “.

There’s no maybe to that tale, I’d bet money it’s largely fact.
And speaking of the NWO check out this article which explains one of the results of the latest G20 meeting.
I knew it would come and they’re using the current crisis as the reason for initiating this. Bastards one and all.
Coming soon to a neighbourhood near you.

#17 Peter on 04.13.09 at 7:49 am

future expatriate wrote:

I’d worry a lot more about Israel nuking Iran (and their Russian advisors) before I worried about Iran nuking anything. MAD worked just fine for the major powers for decades at avoiding nuclear war. It is only when one side is ridiculously outmatched that war happens.
And we have more to fear from “Emmanuel Goldstein” then Bin Laden; oh wait, their function to the state is synonymous.

I hope Israel will nuke Iran as soon as possible.
Be worry not from Emmanuel Goldstein, be worry from mohamed khusain will blow up your own home in canada.

#18 pbrasseur on 04.13.09 at 8:09 am

So, many boomers won’t be able to retire. Not only this is no surprise but is probably a good thing because the contrary would have been unsustainable. In particular paying for all those healthcare costs with so few working would have been impossible. Not to mention all the manpower shortages which will drag down growth.

Funny how the market fixes things, you were worried about too many people retiring at once, well it just won’t happen, at least not on the scale previously thought.

Welcome to Canada (and other nanny states), a society divided between civil servants who can retire at 55 with a nice pension and all the others who will have to work in their 80s.

#19 Comrade Okie on 04.13.09 at 8:20 am

A thought for the Alan’s. Come to the Maritimes, where a decent home can be had for $80,000 and the taxes are a fraction of what you would pay on your $289,000 home elsewhere.

The $200,000 plus left over invested with a little interest would provide the necessary income to survive between 6 and 8 years all by itself, without other income. That is of course, if most things you will need remain in the same price range as they are currently.

Certainly, protecting oneself by whatever means possible, against the inevitable rise in energy costs should be at the forefront of one’s efforts.

Should I recommend a Realtor? Or should I don my Armor first?


#20 Gord In Vancouver on 04.13.09 at 8:52 am

#17 pbrasseur

So, many boomers won’t be able to retire. Not only this is no surprise but is probably a good thing because the contrary would have been unsustainable.

This is a BAD thing as young people will have a tougher time moving up through or entering the work force. If 73-year old employees become the norm, then employers may have to provide enhanced benefits.

Working boomer senior citizens will also make it tougher for immigrants to acquire employment which will create a credibility problem for our country. This will happen as many immigrants were told, before they arrived, that Canada has a labor shortage.

#21 David Bakody on 04.13.09 at 9:02 am

#18 Comrade Okie on 04.13.09 at 8:20 am

I am told New Brunswick is least expensive place to live, and there is plenty of room lots of fine farm land not to mention it’s beautiful and friendly.

And 30 cm today. — Garth

#22 keesio on 04.13.09 at 9:07 am

#1 (Future Expatriate) – You are missing Garth’s point. It doesn’t matter who nukes who. It is the instability to the world that will further cause economic turmoil.

We could start with NVC. — Garth

#23 Peter on 04.13.09 at 9:08 am

The present economical/financial crisis is not the result of any local problem in USA.
The present crisis is a fundamental global crisis of all western/global society including social, moral, political problems around the world. It is a systematic crisis of the Humanity and of the Evolution of the human Civilization on Earth.

Because of its nature, the present crisis couldn’t be solved by any single act of any government.

This crisis evolutionary or revolutionary will change human Civilization.

It will take many years and many human made disasters will occur before new order (hopefully better than today) will be established with the help of new scientific and technological developments.

It will be very helpful for every one of us to understand it and not to expect the magic solution tomorrow.

Be prepared for many uneasy years.

As it is written in the Bible: “7 good Years and 7 bad Years”.

We are entering into the “7 bad Years”

#24 somecatchphrase on 04.13.09 at 9:19 am

Most folks do not yet realize the depth or gravity of the world economic situation.

It’s safe to say that avid readers of financial blogs are a tiny minority of the population.

Joe and Jane Sixpack seem to stumbling through all the bad news, just hoping that they’re not the next to lose a job.

Anecdotal observations of mall parking lot activity reflect what’s known as confirmation bias. We tend to make obervations and interpret those observations in a way that reinforces what we already believe.

#25 eddy on 04.13.09 at 9:41 am

allan is guilty of bad planning. he should have set himself up already. he should be an example to others- prepare for your senior years. look at relocation, downsize, snowbirding, rental income, reverse mortgage is a last resort

#26 "Sir" North Vancouver Citizen Jr. on 04.13.09 at 9:41 am

Aren’t 2012 – 2015 the years of the Apocolypse?…the Mayan calendar?

….as Garth gave similar odds of a Depression a few months back….I give a World Apocolypse 5% – 25% of occuring…..w/ the odds increasing weekly.

So it don’t make no difference where your bunker is located or how many tin cans of tuna one has buried, or how powerful or green one’s generator is in your backyard.

…Unless you live in the World’s next financial/trade/culture/leisure capital….Vancouver aka the New Centre of the Earth.

#27 ally ally oxycontin free on 04.13.09 at 9:42 am

IMPRESSIVE Edi [ FACE ] … isn’t it ?×272

What was Mark Carney’s alma mater? Glad you asked.

He came to the BOC from Goldman Sachs. He’s renowned, in the business / banking world, as an individual with great talent for variable / changing forecasts.

Challenge him on his forecast, and he’ll change it, days or months later.

‘The sky is not falling,’ says BoC governor

Canada can avoid a recession, but declines in housing market and commodities more rapid than expected
Published: Thursday, October 23, 2008

“The Bank of Canada believes Canada can avoid a recession this year [ ’08 ] and next, [ ’09 ] despite the protracted three-quarter recession it forecasts for the U.S. economy into 2009, a “mild” global recession, and “the deepest, broadest and most persistent financial crisis” the world has faced in decades.” It certainly dovetails neatly with Jim O’Flairity’s forecast for a mild recess… er … depression.

So, you could say, I’m not all that surprised that Goldman Sachs would commission a lawyer to attempt to shut down a website expressing an opposing viewpoint.

#14 Charles T. on 04.13.09 at 7:12

#28 ally ally oxycontin free on 04.13.09 at 9:49 am

#18 Comrade Okie on 04.13.09 at 8:20 am

Certainly agree with you about the laid-back batten-down-the-hatches Maritimes.

It was only on very rare occasions we had to break up our living room contemporary end tables for kindling when I was a boy down there. You must admit, orange crates do make good kindling.

#29 Comrade Okie on 04.13.09 at 10:11 am

And 30 cm today. — Garth

Maybe 20, and it was yesterday.

Smog alert? What’s that?

#30 ally ally oxycontin free on 04.13.09 at 10:15 am

#22 Peter on 04.13.09 at 9:08 am

Jack and Rexella’s insights … “Y’all come back … HYAR?” [ 4:30 ]

Early Indicators—White house Easter Egg Hunt–Ikfu2_7k

#31 ally ally oxycontin free on 04.13.09 at 10:25 am

#9 “Sir” North Vancouver Citizen Jr. on 04.13.09 at 4:34 am

(You and I are safe…we are part of the 500 million, a Prime Minister and his Federal Finance Minister sidekick.)

Has the Diefenbunker been refurbished yet?

Is the armed militia defending the bunker fully trained?

#32 Math professor on 04.13.09 at 10:28 am

Squidly said
“calgary has already seen a strong 20% price decline
another 20% is all but guaranteed and for my money we will see another 30% after that bringing the avg priced sfh to $160,000”

A 20% drop followed by a 30% drop will give you an average price of $236,320. Somewhere $76,320 has gone missing. If math calculations are involved, should we look at all your comments with a certain degree of skepticism?

#33 @Garth 2 on 04.13.09 at 10:58 am

I think that if disaster strikes ten years from now, you will not see a stampede of sellers. Ten years is a nice long time for people to start to save, prune away bad habits and become more self-sufficient at a measured pace. That would in fact bolster real estate.

You had this same bearish opinion on real estate in 1998 when you said it would decline (and instead it had an incredible bull run to now–we may never see 1998 prices again). 2003 was a great time to buy, now 2009 is time to sell. One must seriously consider that you are wrong now; not on grounds of poor scholarship but simply inferring the wrong conclusion from the “right” evidence. Indeed, some of recent history is on your side, but uncertainty presents itself in the future; and the resilient attitudes and ingenuity of Canadians should have some effect too.

I commend your efforts to be blunt, and mostly fair, but I just can’t make sense of your forecasts. I have used your site successfully as jumping off point into other coverage, but so far most of your forecasts are off. i.e. January you said hold-on, forget selling, there’s no hope. Now a spring market with legs arrives and you say sell! This kind of reversal can’t be followed by anyone since turnaround on decisions like these is months. People need long-term advice geared to stability, not a Wall-street ticker for their life decisions.

Hopefully you can see where I’m coming from here. This is not a knock on you personally. I just wonder what your point is?

In my books of a decade ago I said real estate had no meaningful long-term future and predicted valuations would be substantially reduced due to demographic influences by at least 2015. Nobody knew then that 2008 would bring a financial collapse due to an unsustained, brief and unsupported speculative housing bubble. Nonetheless, looks like I will be proven absolutely correct. As for selling strategies in the last few months, anyone taking my advice and listing early in this market would have had the greatest chance of a sale. Right again. Going forward, it’s now clear the market will slump into a multi-year funk. Getting out at any time in 2009 will beat trying to bail in 2011. — Garth

#34 ally ally oxycontin free on 04.13.09 at 11:00 am

Burdens lifted, one confession at a time

“There’s a lot of that going on. In business, 2009 may become known as The Year of the Confession. CNBC wild man Jim Cramer admits to Jon Stewart that his television network did too much cheerleading and too little genuine reporting. Warren Buffett tells his shareholders he did “dumb things” with their money. General Motors’ new boss concedes the place is so messed up that bankruptcy may be unavoidable. Goldman Sachs CEO Lloyd Blankfein admits Wall Street investment bankers did so much damage that “the loss of public confidence from failing to live up to the expectations that we created will take years to rebuild.” … And that’s just in the past six weeks.

What we most expect to hear, when O’Flairity opts for truthiness.

“We’re unlikely to balance the budget in five years as I’ve said we will. Cutting the GST was a lousy idea. But I also know it’s likely to be some other Finance Minister’s problem.”

#35 Jimmy on 04.13.09 at 11:01 am

As house prices go down, so does net worth.

As net worth goes down, so does a person’s health.

#36 Jimmy on 04.13.09 at 11:03 am

I’ve been hearing that the economy is seeing parallels to the 1982 recession.

If people survived then, what’s so different this time?

It was a recession, not the Black Death. — Garth

#37 "Sir" North Vancouver Citizen Jr. on 04.13.09 at 11:04 am

Garth writes…””a house is not where you want your wealth over the next, troublesome years to come.””

…With all due respect Mr Future Prime Minister, as your future Federal Finance Minister I must humbly disagree.

Exactly where does average Joe six pack place their retirement funds?….Mutual Funds, Common Bank shares, ETF’s, gold or silver miners…you see nothing seems safe or sacred anymore..does it Sir.

Not even deposited in bank accounts……Banks have proven to be untrustworthy…haven’t they.

At least with a home near one’s place of work, Oe six pack has shelter, can share with other family members or rent out a room or two if necessary.

There really is no place to invest retirement funds anymore.

Are you going to say leave it in fiat paper cash?

…Sorry, homes are still real and will not disappear as has everyone’s 401k’s or RRSP’s.

…Now back to my meds…

#38 ally ally oxycontin free on 04.13.09 at 11:17 am

GM retirees rip Flaherty

Anger sparked over pensions VIDEO

Flaherty says, “I’m the finance minister … we’re announcing the money.”

[ $9.2 MILLION for Oshawa harbour cleanup over a 2-year period. ]

The l’il sumbitch is actually smiling!

What does O’Flairity know about pension surpluses?


Pension surpluses may be up for grabs—Thursday, November 14, 2002

Labour incensed by Ontario plan to ram through law—Bill 198

When an omnibus bill turns into a bill of goods—Bill 198

Ian Urquhart—Toronto Star—November 6, 2002

“A background document supplied by Ecker’s ministry describes the amendments as “technical.” But one person’s technical amendment is another person’s life savings. As colleague Jim Daw reported in yesterday’s Star, Part 25 of Bill 198 would make it easier for certain companies to keep pension surpluses out of the hands of former employees.

And the amendments are retroactive to 1988.

What is the magic of 1988? That is when the Liberals changed the law in the wake of the uproar over the withdrawal of surplus pension funds by Conrad Black’s Dominion Stores.

The Liberals’ amendments required such withdrawals to be negotiated with former employees.

The system operated with little fuss or controversy for a number of years thereafter.

#39 wjp on 04.13.09 at 11:22 am

# 28…you forgot another great feature
The Kenebacasis!

#40 Chincy on 04.13.09 at 11:23 am

#23 Good comment…Confirmatin Bias- you could also say the same for all those who read doom and gloom blogs…it simply confirms their beliefs.

#41 Blokragh the 3rd of Andromeda on 04.13.09 at 11:31 am

After reading this blog for at least a year, and many others, I think the way things are going is correct. It is a re-alignment of the world, which is needed. Those who say they do not want a world gov or world currency do not understand you can not have a globalised world, but localized goverments and currencies. It WILL change the world, it will change everything. Might even cause WW3 or WW4….I think the bigger picture is humanity is on a “pole shift”, moving toward a time of the greatest prosperity the world has ever known. Globalised everything is the only way to achieve this.

In the accelerating law of returns, you see things like computers doubling in capacity, speed etc every 18 months. Soon artificial intelligence will be realized, and the world will be forever changed. You cant have some countries gaining huge, because it means another must lose huge. The world is a closed system. Once the NWO takes over, things will hopefully be distributed more evenly, when there are no borders, when everyone belongs to the same country. The days of pride and love for ones country are coming to an end since it has all been an illusion anyways, to motivate the masses and give a sense of knowing and direction for ones life. Soon though, all citizens will only think of themselves as global citizens of earth. Along with all this and all the 2012 stuff, there may be a disclosure soon. It is obvious we cannot be the only life in the universe. It is highly probable that others have been coming here for millenia. How else to explain the unexplainable on our planet? It is obvious from the comments here most are short sighted, and care only for their own pocket book. I know you cannot raise a family on hope for a better future. I know most care more about how their favorite team will do in the playoffs. This is exactly why we need leaders. Men/Women who do think about the bigger questions and lead us into a new future. It will not be easy, it never has been. It will eventually though, will be better. Hopefully soon things like poverty and hunger will be a memory of a time when humans thought only locally, instead of globally.

Is this the start of the New World Order? Bring it on.

#42 wjp on 04.13.09 at 11:34 am

Chima mulls further stimulus…
You may see the dead cat bounce over 10,000
Only countries to benefit China domestically and Canada with energy & mining…

#43 ally ally oxycontin free on 04.13.09 at 11:43 am

More handiwork from the O’Flairity era in Ontario.

We endorse the Deregulation of Ontario Hydro Petition to Ontario Legislature … comprising 99.999999% dissenters.

Sample comment: “Clive Sondereggar—This week’s Ontario budget assumes the sale of 49% of Hydro One. “The value of the asset has not been affected by recent events, contrary to popular belief,” declared Premier Ernie Eves. But just three weeks ago Hydro One announced a significant write-down in values due to the province’s retail rate freeze of 4.3 cents a kilowatt hour. The opposition has, naturally, accused the Premier of mounting a prospective “fire sale.” But if he has, he was the guy who set the fire. Meanwhile instead of loading the cost of subsidies onto producers, as in California, Ontario will add them to the fetid [aka STINKEROO] mound of the Ontario Electricity Financial Corp., home of Ontario Hydro’s swelling “stranded debt.”

I would suggest, to one and all, the Harris / Eves / O’Flairity record in Ontario has become legend, for very good reason.

Having said that, I would expect the new potential leader, Tim Hutton, [ nee Hudak ] will have many mountains to climb to persuade any voters to participate in any future Professional Criminals’ Party “adventures.”

#44 MBS-Economy on 04.13.09 at 12:11 pm

Our mtg app pipeline has been brutal for the past week and half …. if you guys think the downtrend is over, think again. It looks like Apr, May and Jun will be pretty ugly. The last few days in March were bad as well but it seemed like the first timers all jumped in at the same time during late Feb and early Mar in a panic. They would have been better off waiting until this fall or early next year when prices have bottomed out by then. I think another 15-20% drop is in the works for the GTA/Van.

#45 ally ally oxycontin free on 04.13.09 at 12:12 pm

I hope everybody likes egg-zerpts, or a series thereof;

When dirty films rate higher than dirty water

MURRAY CAMPBELL—Globe & Mail—Wed, Dec 3, 2003

The government boys are coming and they mean business.

We now know, thanks to the diligent research of Ontario’s auditor, that inspectors in the Ministry of Consumer and Business Services loved hanging around video shops to check that they were using the province’s rating stickers on the adult videos they sold.
Their devotion to this aspect of their job knew no bounds. Other areas wanted the inspectors, too. More than 4,000 people complained in one year, for example, about the practices of collection agencies but just nine inspections were conducted. By contrast, just eight consumers had a bone to pick with a video retailer but that didn’t deter the inspectors from being vigilant. In 2001-2002, they recorded 1,599 visits to video shops selling X-rated videos. The stickers had to be checked—the law is the law.

The tale of the inspectors with an obsession with dirty films is one of the mysteries that emerged from yesterday’s annual auditor’s report. The lamentable thing is that very few of the findings were as amusing.

The report is the last by retired auditor Erik Peters and the last to focus on the defeated Tory government.

You’ll never guess who was in charge of the dirty movie pursuit. Well, try to guess, at least.

#46 ally ally oxycontin free on 04.13.09 at 12:16 pm

Well, have you guessed who it was yet?

More Egg-Zerpts;

The theme that emerges from the report, delivered by assistant auditor Jim McCarter, is that many concerns raised in earlier years by Mr. Peters were not satisfactorily addressed. Add to this an apparently spotty record on setting up sound management-information systems and you have one last blow against the Tories.

The report detailed some incredibly serious issues.

The office that enforces all court-ordered child and spousal support in Ontario is clearly overwhelmed. It did manage to collect and disburse $561-million in the last fiscal year but by the end of the year about $1.3-billion in payments were in arrears.

Staff at the office, which is under the Ministry of Family and Children’s Services, was reduced by 20 per cent during the Conservative years while the caseload jumped by 50 per cent. (One burdened caseworker handled 1,700 cases.) The new computer system that was promised as far back as 1994 never materialized.
Ontario’s justice system is in serious danger of replaying the scenario of a dozen years ago when more than 50,000 criminal charges were dropped after the Supreme Court of Canada ruled that delays of more than 10 months in bringing cases to trial were unreasonable. The auditor found that in early 2002, 98,000 criminal charges had been pending for more than eight months at the Ontario Court of Justice. This was 39,000 more than in 1998.”

This is becoming a real who-dunnit, or rather din’ do it.

#47 justjanice on 04.13.09 at 12:20 pm

Poor Alan – he probably followed the advice of many of his cohort – buy a house and be home free in retirement. Why bother with RRSP’s and savings when you’ve got a mortgage that will provide?

Somewhere between the time when I was kid (80’s and 90’s) and now a house became an ‘investment’ instead of a ‘home’. Also somewhere in that timeframe, the meaning of family changed, our social structure was radically redone, and instead of expecting to provide for yourself, you could expect your parents to provide for you well into adulthood including sending you to university. Perhaps this crisis will shift the focus from ‘me’ to ‘we’, my grandparents and great-grandparents (those born from 1900 to 1935) built up a social system and really focused on being self-sufficient and providing for their families as well as their fellow man. They believed in free-markets, but they also believed in the need for prudent regulations and a sufficient safety net, they did not begrudge the taxes they paid and did not view having children as being a burden (maybe because daycare didn’t run $1,000 a month). My parents (the boomers) deconstructed much of what was built when they finally were handed the keys in favour for an each to their own philosophy. They did what was in their own self interest, and now it’s coming back to haunt them and unfortunately many of their children too. They drastically changed EI, so that now it is very meagre. They allowed health care to go into disrepair, so that they could argue for a two-tier or private system. They disparaged unions at every turn. They protested much of what taxes paid for, unless it benefitted them directly. They protested regulations if they hampered growth. In the boomer’s myopia we were slowly and surely brought to where we are now – a truly dysfunctional society that is staring down an economic crisis that revolutionized how the boomer’s great-grandparents and their children and their children’s children approached the world.

There will be a spring. In that spring we might see again what truely is needed for a good life – a roof over our head, a family or close friends, a sense of self-sufficiency and generosity towards others, good food, the ability to partake in enjoyable activities and a clean environment. We will be prosperous again, but we are in need of a serious attitude adjustment. Our net worth is likely to be a casualty over the next little while – but it just might be worth the cost over the longer run.

That is if the right investments are made and if the focus yet again shifts away from ‘stuff’, to ‘meaningful stuff’. I don’t believe bailouts are the right investments. I believe in bolstering our safety net, our health care system (e-health, system service delivery redesign), our infrastructure (public transit in larger centers, improved rail links), improving the ability of today’s children and parents to partake fully in the market (daycare, increased grants to post-secondary, income tax on a household level, family law reform), and minimizing the impact of economic disaster (investing in new industries and economic diversification, improving EI, improving CPP and OAS, improving access to pensions to the private sector that are more immunie to individual private sector failures).

There’s much work to do. Unfortunately we’re wasting a lot of time just trying to press the rewind button instead of the reset button.

#48 somecatchphrase on 04.13.09 at 12:22 pm

#39 Chincy – Thank you for your comments.

To make good decisions, we all need to take care to expose ourselves to different points of view.

Nobody will be a 100% right about everything, all the time. This includes, me, you, Garth, nobel laureates, the prime minister, fund managers, bank economists, and the entire blogoshere.

The confidence with which some people predict the future makes me laugh. Anyone who thinks they “know” what will happen next needs to pick up a copy of Taleb’s “Black Swan.”

#49 ally ally oxycontin free on 04.13.09 at 12:23 pm

More Egg-Zerpts from the Harris / Eves / O’Flairity era

“Despite earnest pledges after the tainted-water tragedy in Walkerton, the monitoring of hazardous waste, air and water is still sub par. In fact, inspection activity is only about 73 per cent of what it was when the Conservatives came into office in 1995. Hundreds of non-municipal waterworks seem to have little to do with the Environment Ministry and 612 have yet to submit water samples for the E. coli bacterium.

Despite these alarming findings, the usual fun of the auditor’s report was missing this year. The defeat of the Conservatives removed many of the presumed villains from the scene. But the report is not good news for two survivors, former Tory cabinet ministers Jim Flaherty and Tim Hudak, both of whom are presumed to want to step into Ernie Eves’s shoes when he moves on.

Mr. Hudak was the minister for Consumer and Business Services and had nominal control over not only the video-hungry inspectors but also the Ontario New Home Warranty Program that may—or may not—be doing a good job.

Mr. Flaherty was attorney-general as the court backlogs mounted and he also had responsibility for the office overseeing child- and spousal-support payments.

As enterprise minister, he also oversaw the Ontario Innovation Trust, which received $750-million from the government to support capital research but which did not provide any information to bureaucrats—or the auditor—about how that money was spent. Taxpayers’ money, that is.”

I’m still mad at Earl, ‘cos I couldn’t find the URL.

#50 ally ally oxycontin free on 04.13.09 at 12:27 pm

#40 Blokragh the 3rd of Andromeda

Life does not appear to be a STRAIN for you.

#51 Alex on 04.13.09 at 12:37 pm

Future Expatriate,

Seventy years ago, individuals like you were killing Jews at the hands of the Germans. Today, individuals like you are killing Jews at the hands of the Arabs and hope that Iran will nuke Israel as Iran openly and without shame announced. Today, like on the eve of World War II, you feel comfortably safe and superior to both the aggressors and their victims. You shouldn’t. After all, you must know that the 6 million Jews killed by Nazi Germany constituted less that 10% of all casualties of that war. But Germans were across the ocean, while today your enemies — uncounted millions of them — have already landed on your shores. How far is your comfortable home from the nearest mosque?

Do not confuse non-resistance to aggression with peace. You and your kind, Mr. Future Expatriate, are the reason World War II and the world war that officially came to the United States on September 11, 2001, became possible.

#52 ally ally oxycontin free on 04.13.09 at 12:43 pm

Just a short EGG-ZERPT, then I’ll leave …

In [ ? honour ? ] of O’Flairity’s sterling record

Tories ignored concerns, auditor says

Toronto Star—Tuesday, December 2, 2003

“Almost all occurred under the former Tory government led by premiers Mike Harris and Ernie Eves.

“There is no excuse for a lack of effective action on so many recommendations after several years have passed,” said assistant provincial auditor Jim McCarter.

The auditor targets four main areas in which previously raised concerns have not been properly addressed, including a huge and growing backlog in pending court cases and a dismal record in ensuring deadbeat dads pay spousal or child support.

Almost 100,000 cases – an increase of 65 per cent since 1997 and more than one third of all criminal cases before the courts – risk being thrown out because of delays of more than eight months in getting them to trial, he warned.

Similarly disappointing results were uncovered at the Family Responsibility Office, an agency of the Social Services Ministry charged with ensuring spousal and child support reaches recipients.

The report found about deadbeat parents owed $1.3 billion, leaving thousands of mothers and children in dire straits. Despite the urgency of the situation, staff take seven months just to start acting on non-payment complaints.

The report also concludes mental-health services for children seriously lacking, a problem also noted six years ago.

For example, 1,105 children were on a two-year waiting list for assessment and treatment related to autism at the end of last year. In many cases, children pass the cut-off age of six without ever receiving the help they need.

Newly minted Liberal Finance Minister Greg Sorbara said he was “saddened” and “angered” by the report, calling the findings “unconscionable.”

“What we have here . . . is a level of mismanagement that is unprecedented in the history of the province,” said Sorbara.

“It’s this kind of indictment which satisfies the people. They made the right decision on Oct. 2 when they threw that (Tory) government out.”

New Democrat Leader Howard Hampton said the report shows that the services people “desperately need” are being compromised by poor management.
It was the last report from Peters, who resigned as auditor in September after more than a decade on the job. The new Liberal government has yet to appoint a permanent replacement.

As usual, the annual report finds a litany of instances of wasteful government spending or failures to prevent waste.

One of the most egregious cases relates to the Ontario Innovation Trust, which received $750 million from the Ministry of Enterprise, Opportunity and Innovation under former Tory minister Jim Flaherty.
Despite the huge amounts doled out by a seven-member board of directors, there was almost no documentation to track how the money was spent, and the ministry refused to co-operate on the auditor’s requests for information.

“I don’t think it was a bureaucratic mixup,” McCarter said. “I couldn’t be so kind.”

#53 Bill-Muskoka (NAM) on 04.13.09 at 12:48 pm

#40 Blokragh the 3rd of Andromeda

I suggest reading John Ralston Saul’s excellent book ‘Collapse: The Collapse of Globalism and the Reinvention of The World.’ I also suggest Jared Diamond’s ‘Collapse: How Societies Choose To Fail or Succeed.’

All the Globalization plans were designed by the wealthy for the wealthy. As to saying goes ‘Globalism is where the rich of poor nations become richer and the poor of rich nations become poorer.’

Consider the Brits, they are still on the Sterling Silver basis (last I checked that is). The U.S. Dollar is, in reality, nothing more than a Federal Reserve Note. It is only backed by perception, not gold, and certainly not oil as they have devoured their own in their lust for materialism.

Canada is the owner of even larger oil reserves than Saudi Arabia, but at a higher cost and far greater environmental remediation costs. SunCor and Shell are rabidly competing for the major shares.

BTW, the Chrysler/FIAT merger is not all it has been purported to be by the MSM. Chrysler-Fiat alliance: Marriage of inconvenience

I think this is the key to their woes, and wise counsel to them as well. Be good at one or two things. Excell in a few markets, not all.

We don’t ask heart surgeons to develop a second expertise in landscape architecture. There’s no reason North America’s leading minivan maker needs to find a space for itself in the crowded subcompact market.

After all, it is the mid-20th-century drive by the Detroit Three to be all things to all motorists that has ultimately led to its downfall.

Chrysler excells at pickups, minivans, and IMO COV’s with the Caliber. It has become one of the best selling vehicles in their history based on the number I see on the road and are not discounted. All the goodies for a much smaller price than any of its competitors and great fuel economy as well.

Ford was smart in discontinuing its competition with Chrysler/Dodge minivans. The SUV market is basically over as well. The Ford Edge is way overpriced IMO.

The Ford and Dodge pickups are the real leaders, but that is a rather limited market as well.

The worst decision Chrysler made was to re-introduce their Muscle cars. Nice nostaglia for me and those who lived through the Sixties and Seventies, but most, not all, have long ago Grown Up and view vehicles as practical transportation, not pickupmobiles for Chicks or an expression of our Manhood.

The chances of getting people together with a Global Currencies is a long time in the future. Yes, it will eventually become a reality, but mankind has a lot of social growth to achieve before that occurs IMHO! The best idea I have heard yet is Gene Roddenberry’s which is where I think things will eventually end up after mankind gets over their ‘must own and control materialsm’ insanity. Some call that the Age of Aquarius, I call it the Real Solution to peace and prosperity. We have a long way to go before the Human race matures to that point. First they will have to find courage and let go of their fear and need to control.

#54 Bill-Muskoka (NAM) on 04.13.09 at 12:51 pm

#49 ally ally oxycontin free

GROOOOOOOOOAN! That was a good pun! LOL

Obviously we can likewise assume a rather ‘viral’ person as well!

#55 Bill-Muskoka (NAM) on 04.13.09 at 12:52 pm


Thanks for the pic. It reminds me how insane the ’60’s were!

What do you mean? That’s a self-portrait. –Garth

#56 ally ally oxycontin free on 04.13.09 at 1:00 pm

Obama to Lift Cuba Travel Restrictions

VIVA to my friend and his missus at the Gran Caribe Club Bucanero (Santiago de Cuba, Cuba) – Resort …

Hospitable, Intelligent, kindly-disposed people

#57 Chincy on 04.13.09 at 1:06 pm

#47 Black Swan is a good read. You sound like you are well read and continue to keep an open mind, to see all sides of the story. I admit, it is hard to know what to believe anymore as it would seem all the media that is bombarding us is propaganda of some sort.
Would be interested on your viewpoint of Man-Made Global Warming? Truth or the biggest propaganda machine in our history?

#58 Peter on 04.13.09 at 1:11 pm

How far is your comfortable home from the nearest mosque, Future Expatriate? -asked Alex

when you are looking for house, be sure it is far away from any mosque, otherwise you will find yourself living in somali or iran or pakistan soon and you house will cost zero.

#59 taxpayer like you on 04.13.09 at 1:35 pm

46 Janice. Quite a thoughtful post, with genuine good intent.

But as a defender of the boomers (as a group, not individuality) I will caution you to be careful what you wish for. I’ll focus on one topic. You said:

“…and did not view having children as being a burden
(maybe because daycare didn’t run $1,000 a month)”

and then said:

“…improving the ability of today’s children and parents to
partake fully in the market (daycare…….”

I see a pardox. There is a chicken/egg arguement for the
two-income/daycare family. Most people will claim both incomes are needed to live. But others believe the early two-income families were driven by want, not need. These wants were soon seen as needs by others.

What does subsidized daycare really bring? More people to the workforce for one. If the subsidy is higher for low-income earners, then the higher income earners support it with higher taxes. Then the cycle begins.

Think about if we had no sponsored daycare. One parent may elect to stay home and postpone work. This could
lower unemployment. They may postpone purchases as
income would be lower. This could lower real estate
values to “affordable” levels.

Good call on the higher education. It is now seen as more of a need (like the second income) but I like to call it the PSEIC – post secondary education industrial complex.

#60 LS on 04.13.09 at 1:39 pm

“Just over 40% will have RRSPs with more than $50,000 – enough to live less than a year.”

Holy hell. If 50k lasts you less than a year you have some SERIOUS restructuring to do. Funny how I lived just fine on 18k a year as a grad student, and almost a third of that went to paying tuition.

80% of the things in your life are a luxury. Nice to have, for sure, but not like you would be destitute without them.

That money is taxable when it’s withdrawn, thus a smaller disposable account. And if you want to live on 18K a year in your retirement years, knock yourself out. — Garth

#61 TakingResponsibility on 04.13.09 at 1:51 pm


That rhetoric is old, tired and only served to promote the “Bush Doctrine.”

I would cite countless academic articles but I find that those who still cling to war rhetoric are hopelessly RELIGIOUS about it.

#62 Roger in Victoria on 04.13.09 at 2:18 pm

The recession will be getting deeper for months to come. Click my name for some tips on surviving the recession.

#63 gold bug on 04.13.09 at 2:19 pm


How did you find time to post between PNAC meetings?

Confusing opponents of Zionism with anti-Semites is a discredited shell-game.

If you think what happened on Sept. 11, 2001 poses a continuing threat to our domestic security, you live on Fantasy Island. Or maybe neo-con Paranoid Island.

Israel is a client state of the world’s pre-eminent nuclear superpower and is acknowledged to be nuclear-capable itself. Iran has no ability to deliver a nuclear warhead.

Read Noam Chomsky’s “Failed States.” Particularly the part about American (and Israel’s) repeated failures to ratify Nucleur Non-Proliferation treaties and their insistence on the right to “pre-emptive self-defence.”

As for Just Janice. You’ve got it exactly backwards, dear. Your great-grandparents came to this country with nothing but holes in their pockets. They worked hard, were taxed lightly, and managed to build families in the new country. When the Depression hit, meddling politicians started on a massive wealth redistribution scheme that haunts us to this day. Your Boomer mom and dad benefited from unsustainable social programs and inflationary monetary policies that made it seem like building “wealth” was easy.

Dissatisfied that this sense of self-entitlement has turned out to be a chimera, you resort to the Marxist bromides that were drilled into your head at all levels of your government-subsidized education. You want to apply moral judgments to what we buy. You trumpet unredeemable unionism and decry private-sector solutions. And you provide a laundry list of pet-projects to be paid for through the forced confiscation of the money I earn. I quote:

“I believe in bolstering our safety net, our health care system… our infrastructure… ….daycare, increased grants to post-secondary, income tax on a household level, family law reform)… investing in new industries and economic diversification, improving EI, improving CPP and OAS, improving access to pensions to the private sector that are more immune to individual private sector failures.”

You are a Marxist and you are dangerous.

#64 Got A Watch on 04.13.09 at 2:35 pm

oh oh, we have clueless neo-cons spouting nonsense now.

Peter and Alex have had their brains surgically removed, and replaced with Dick Cheney AI modules.

Peter, #16 indicates you urgently need psychological help:
“I hope Israel will nuke Iran as soon as possible.” What’s the death of millions matter, as long as it makes you feel better?

# 50 Alex – LOL at your neo-con garbage. Paranoid schizophrenia in action.

Simplistic ‘Israel is All Good/Anyone Who Dares Criticize Israel is All Bad’ rubbish, the favorite talking points of Zionist propaganda networks.

The more you talk, the less support Israel will have. Good work.

What are you tools doing on the internet. You should be hiding in your bunkers of fear, just in case any Muslims are nearby.

Garth, time to issue some lifetime bans here. The wingnuts have arrived.

#65 Vexed in Victoria on 04.13.09 at 2:53 pm

What’s up on this blog with these recurring xenophobic rants and smart-ass comments slagging Muslims, Arabs & Asians? Cripes, gentlemen, it’s gotten old fast. Enough already. Take it outside.

#66 Bob Bagina on 04.13.09 at 2:59 pm

#50 Alex. Jesus Christ, give your head a shake.

#67 squidly77 on 04.13.09 at 3:05 pm

alex–see my comment @ #6
you will feel much better afterwards

#68 Peter on 04.13.09 at 3:05 pm

For Got A Watch

I’m living in Israel, but not in Canada or US.
It why I prefer iran will be nuked first, before they will nuke us.

But with your islamic president Obama and invasion of millions of muslims into Canada and US the only Real Estate you will possess in Canada it will be your bunker.

Be sure, Iran will nuke your Canada as well as Israel, because you Canadians are the same infidels for muslims as we Israelis.

Enjoy your cheap real estate in your Canadian tundra.

#69 cotabato on 04.13.09 at 3:23 pm

let’s start what mrs. obamas doing — make a veggie garden now ,,,,, she’s aware of what will happen…

#70 ncoffee on 04.13.09 at 3:26 pm

Re: #50

“But Germans were across the ocean, while today your enemies — uncounted millions of them — have already landed on your shores. How far is your comfortable home from the nearest mosque?”

As a strict atheist, it feels strange for me to be coming to the defense of religion, but to compare the everyday, regular people who attend service at “your local mosque” to the Nazis, and refer to them as “enemies” based just on that criteria, seems overblown to me.

Alex, I’m not going to play the “outraged” card here, — that’s just emotion and holds no intellectual weight, — but instead let me just suggest that this type of rigid labeling/thinking is what we in progressive parts of the world are really fighting against, in principle.

For example — when Osama bin Laden planned 9/11, he was making the same kind of black and white, “with us or against us” kind of judgment on Americans that you are making on Muslims now. This viewpoint, that all or any Americans = the Great Satan, has led him to an irrational, dangerous place place where he can treat them as inhuman and kill as many as his fear dictates. His viewpoint also ultimately leaves no other option available.

I’m sure you would rather hang your hat with more enlightened company … and we’d be glad to have you whenever you want to come over.

This conversation is kaput. — Garth

#71 ally ally oxycontin free on 04.13.09 at 3:32 pm

53 Bill-Muskoka (NAM) on 04.13.09 at 12:51 pm

#49 ally ally oxycontin free

GROOOOOOOOOAN! That was a good pun! LOL

Obviously we can likewise assume a rather ‘viral’ person as well!

Well Bill, among corn huskers nobody is PreFect.

If you recall the personage, Catherine, who was a con troll, perpetually in opposition to any sensibilities, the term she frequently used, was vial like an apothecary jar. Should I ever meet that extinguished person, I will do my very best Jar- Jar impersonation, to make George Lucas proud !

#72 taxpayer like you on 04.13.09 at 3:36 pm

52 Bill NAM

“The best idea I have heard yet is Gene Roddenberry’s
which is where I think things will eventually end up…”

OK. I confess. I’m still reading your posts.

Love the trek reference. It would be fun to try all sorts of squirrel recipes in the replicator……mmmm….

Garth – I recognized your pic right away…..

46 Janice. 62 Gold bug went at you pretty hard. I’ll leave you with this phrase from a few days ago.

“A government big enough to give you everything you need is strong enough to take everything you have.”

and one other piece of advice to all bloggers:


#73 why blame the Israelis? Not again. on 04.13.09 at 3:38 pm

Future Expatriate & others bring up Israelis in a negative way.
Throughout history, whenever there is a financial problem or major recession, somehow the Jews become a convenient scapegoat.

Focus people.

Read Garth’s blogs & plan your future. If not, blame yourself.

#74 somecatchphrase on 04.13.09 at 3:39 pm

#56 Chincy
I absolutely agree that we’re all up to our necks in propaganda.

On this note, a great book, not so well known, is Laura Penny’s “Your call is important to us: The Truth about Bullshit.” It’s easy, breezy reading, with a serious message.

Probably available free of charge in your local library, as Penny is a Canadian author. The leftist tone may put off some people, but the overall message of the book is non-partisan, IMO.

Don’t really have a position on global warming. I’m inclined to believe that it’s for real though. I suspect that the deniers would have to be on someone’s payroll. It doesn’t seem like those who are promoting global warming stand to gain anything financially. I can’t say the same for whose who would deny global warming.

Just my two cents, since you asked. I’m not really qualified to have an opinion on this.

#75 Kurt on 04.13.09 at 3:39 pm

Dear Peter:

It appears that future expatriate’s reference to George Orwell’s 1984 flew over your head. In that fictional world, Goldstein was a (Jewish) fictional boogyman that the government used to frighten the population and justify their oppressive and brutal rule. FE’s reference and comparison means that he is very much aware of how governments use current, local prejudices to manipulate the populace, and that he believes his analysis of the strategic relationship between Isreal and Iran is based on an understanding of realpolitic, not racism.

#76 rjag2034 on 04.13.09 at 3:50 pm

For the past year plus I’ve enjoyed reading this blog, I’ve learned a lot and told anyone who will listen about some of the theories and fixes and whats coming.

Now it seems the wingnuts have jumped on board and are taking control of it. They all want everyone to hear their opinion on the conspiracy theories, new world order, surveillance and all the other big brother crap.

Garth, please get back to basics and regain control of your blog. I like what you write about and find it very useful and for the most part the responses are great too. But some of these posts are getting way out there.

A little bit of moderation can go a long way. Time to cull the herd. (before the herd culls you!)

#77 bill on 04.13.09 at 3:50 pm

#67 Peter;
please stay in israel with your muslim hating pals.
and please, post else where; your racist remarks are better left where you are with the rest of the idiots. if it wasn’t for the american support to israel (weapons and training), you would be standing on a pile of rubble. enjoy your fragile pride…

#78 Brad on 04.13.09 at 4:01 pm

Just for the record, I belong the “Generation X” age bracket. I’m 34 yrs old, $14k in debt with various loans/lines of credit, 0 savings, and currently work part-time at Home Depot for lack of better jobs or opportunities. I think it’s safe to say that my generation should rightfully be called “Generation Screwed”. As far as having any kind of financial or job security goes, we got the SHAFT. I see tons of my friends in the same boat too. Everyone I know is in debt up to their eyeballs, stuck in dead end, bullshit jobs. I know one guy with six years of post-secondary education who is now receiving welfare benefits…

What I’m trying to get at here is that are no guarantees in life. You simply have to accept the hand you’re dealt an do the best you can. I’m also of the opinion that it’s WHO you know to get anywhere in life, not what you know. As far as getting a higher education goes, I’ve said before as I’ve maintained all along that the system is set up so that only those who have money are the ones who succeed in the first place… It’s an acute case of no-win. Damned if you do, damned if you don’t. Is it any wonder why many of us are so angry and frustrated today? The harder you try, the more you get shit on, or so it seems. If anything, I see myself as a victim of simply being born at the wrong time. A lifetime of debt, low-end service industry jobs, and no retirement dreams. Welcome to the “Wal-Mart” economy folks. You asked for it, you got it.

#79 keesio on 04.13.09 at 4:14 pm

#62 (gold bug) – Chomsky (the guy whose book you are recommending) is also Marxist. He’s a Wobbly too.

Anyway some of you are getting off topic here.

#80 . . . fried eggs and spam . . . on 04.13.09 at 4:22 pm

#28 Comrade Okie at 10:11 am — “Smog alert? What’s that?”

When the enormous black void of nothingness imploded between hairy’s ears, smog was the scar tissue left over in itty-bitty parts everywhere.

Comrade Okie? You’re here, there and everywhere — busy as a beaver!
#25 “Sir” North Vancouver Citizen Jr. at 9:41 am — “…Unless you live in the World’s next financial/trade/culture/leisure capital….Vancouver aka the New Centre of the Earth.”

Voncvouer may indeed by the New Centre of the Earth and welcome to it, but when the massive EQ strikes within a matter of months from now, the Okanagan will be ocean front property and thus will inherit what you have prophesied!
For those that still refuse to see the forest for trees, here is a 49-second clip with Benazir Bhutto saying ObL broke on through to the other side a while back.

He has expired, gone to meet his maker, etc. Has anyone figured out why Bhutto also suffered the same fate?

She knew way too much. —
#1 Future Expatriate at 10:38 pm — “. . . Israel nuking Iran (and their Russian advisors) before I worried about Iran nuking anything.”

Iran won’t nuke anyone. For those that weren’t aware, this is Dimona, Israel’s nuke facility paid for by US taxpayers. —

#81 ally ally oxycontin free on 04.13.09 at 4:23 pm

#61 Roger in Victoria on 04.13.09 at 2:18 pm

The recession will be getting deeper for months to come.

Click my name for some tips on surviving the recession.

Frankly, I thought your ‘don’t eat yellow snow’ was a bit irrelevant !

#82 Alex on 04.13.09 at 4:25 pm

Garth, it is not me who started this subject – see post No.1 – but I am not going to let antisemits to hide behind anti-zionist ambrella.
I must answer to ncoffee and promise to “kaput” this conversation from my end:


Nobody will tell you how much the Muslim population of Canada and the United States has grown since 9/11. Nobody will tell you how many mosques have been built since that day. But I assure you that the congregation of every mosque in this country is being urged by its leaders to work towards the establishment of Islamic rule over this land.
It’s not difficult to prove me wrong. Judging by the responses I have received, there are Muslims among the readers. Let them bring this article to the attention of their imams. I challenge those imams to inform me in unequivocal terms that if there is ever a danger of the Constitution of Canada being replaced with Shariah, they will lead their congregations in defense of the Constitution against Shariah.
If I ever receive such a letter, I promise to post it on this blog as proof of the wrongness of everything I stand for. I promise to post it along with the name of the patriotic imam and the address of his mosque. I also promise to attend his funeral, because the preference of Canada Constitution over Shariah constitutes apostasy in Islam, and apostasy in that most peaceful of all mono- and polytheistic religions is punishable by death.
And while I am anxiously waiting for such a letter to arrive, let me ask you a very important question. How can we hope to ever reclaim this country in the total absence of any leader willing to declare Islam the enemy? Our choice is not between war and peace, because the war, whose name is jihad, is upon us, whether we are willing to admit it or prefer suicidal denial. Our choice is between fighting it and surrendering.

#83 Hodge on 04.13.09 at 4:27 pm

Peter: “I’m living in Israel, but not in Canada or US.
It why I prefer iran will be nuked first, before they will nuke us.”


Perhaps Israel can implement some sort of “final solution” to it’s muslim problem.

Or maybe you can wake up to reality and understand that neither Israel or Iran are going to be nuking anybody, now or in the future.

This conversation is over. Further posts on this topic, whether from Osama or the Pope will be deleted. — Garth

#84 ally ally oxycontin free on 04.13.09 at 4:28 pm

Focus people.

Read Garth’s blogs & plan your future. If not, blame yourself.

Always a timely message … Keep it in the crosshairs !

#85 John on 04.13.09 at 4:46 pm

Worst or best case scenario depending on your POV – we return to agriculture-based societies growing what we need to survive, we barter for things we can’t create or grown ourselves, we live in the towns and houses we are born in WITH our extended families, we eat and live simply. With lives focused on survival rather than materialism we may even be happier, or at least content – or rather future generations will.

Many millions of people live this way just now. The fact is, whatever happens – it’s the poorer countries that will get the worse of it. The survivalists on this blog are ridiculous. I agree with another poster – get the blog back to discussing real estate etc. I come here as it’s one of the few places online WITHOUT all the wingnuts.

Best case scenario –

#86 Peter on 04.13.09 at 4:46 pm

# 76 – to Bill,

The price of your Real Estate in Canada depends on the price of the oil from the Middle East.
The price of the oil from the Middle East depends on the situation on the Middle East.
The situation on the Middle East partly depends on Israel.

So, you can put your Canadian proud to any place you like, but nothing is depends on you.
So, be polite and respect us, because the key of you prosperity or miserable is situated to be in our region in our hands.

Two remarks: First. I have Canadian citizenship, so, you be quiet and do not tell me where to live. Second, there are many different people are living in Israel: Jews, Arabs, Russians, Druses, Asians, Africans, Europeans and other. So we are very tolerant people for any race. There are Jews of different races: white, black, yellow, hindu etc. So your racists’ comments keep for yourself.

Again, the level of the Real Estate prices in Canada is not 100% local phenomenon, may be only half.
You are part of the global market, if we will have problems on the Middle East – you will have problem in Canada. It is real equity.
Think about this factor of Canadian Real Estate problem.

#87 Cash in King on 04.13.09 at 4:47 pm

Here in Windsor, home of 13% (registered) unemployed, (20+% unregistered) people are standing in line for 3 hours to pick up Windsor Spitfire hockey tickets at $20 a pop, wearing their $120 replica jersey’s to see the games in the new 6700 seat, $64 Million arena.

Alas, the City workers are 10 days away from walking out, if the city does not lock them out first. There tearing down the GM plant that next door to the new arena and Obama has informed everyone that GM is officially bankrupt on June 1.

Is it over??? Still appears to be enough room on the Visa card for “extra'”.

Saving cash for the crash

#88 Blokragh the 3rd of Andromeda on 04.13.09 at 4:51 pm

I guess what Im saying is, I wish the world was more like star trek.

You will all be assimilated. Resistance is futile.

#89 Bill-Muskoka (NAM) on 04.13.09 at 4:59 pm

#77 Brad

So, you think you were born at the wrong time? Funny, I have always thought that myself, as have most people.

Victim you say? Well, having travelled the world I can assure you being a ‘victim’ is far from what most of us have ever really known.

If you want a secure job enlist in the Canadian Forces. lots of challenges, definite opportunity to travel, you will be in Top Shape, and have a guaranteed pension after only 20 years. There are a few hazards however like being SHOT and KILLED or simply Blown UP!

BTW, I have a son about your age and he has a mere six years left until he can retire from the USAF!

You could also go into Law enforcement, Fire Fighting, Paramedics, etc.

Get back to us, eh?

#90 David Bakody on 04.13.09 at 5:00 pm

Strange how the news south of the border states that the recession is over ( no proof) and things are going to get better. Once again ….. it is not the stock market it is jobs multi millions of jobs good jobs that people can plan for their future. I know people who have money and are making more on stocks feel good …. fine but there is more. By the way strange how they already know what GM will look like before bankruptcy actually happens ….betcha they already know who will buy the good cars and their production structures also.

#91 canadarocks69 on 04.13.09 at 5:05 pm

Brad i’m also a 39 yr old gen xer, but i don’t at all feel screwed.As i watched many of my friends go off to university to major in English or history and end up in a occupation that had nothing to do with their schooling, i went to trades school and got my trades ticket as a heavy truck mechanic, and its given me a great living with no shortage of work even in these times.From what i’ve seen and heard trades has always been looked down on”its ok for the neighbors kid but not mine type attitude”.Just my two cents

#92 canucks_in_4 on 04.13.09 at 5:14 pm

#87 Bill-Muskoka (NAM)

We all can’t work for the government. Someone has to pay for your son’s pension.

#93 Brad on 04.13.09 at 5:17 pm


Armed Foreces, Law Enforcement, Firefighting, all looked into, and all denied me entry due to my colourblindness. I can’t even take a up trade like electrician or heating/cooling. I had no idea that being legally colourblind was considered such a deficiency, but my own experience and research(as well as the advice of my employer) has convinced me otherwise. You can’t do anything involving trades, the armed forces, law enforcement, or the transportation sector… Hell, I might as well apply for disability…

#94 ts harpoon on 04.13.09 at 5:23 pm


Excellent post (once again). I think you are dead right. It’s over: Let’s discuss the end of Cheap Oil.

Peak Oil is real and hardly no one knows what the hell you are talking about. Just curious, anyone want to discuss this single salient issue? Ally Ally?

#95 justjanice on 04.13.09 at 5:25 pm

I would also have to label myself in Generation Screwed, although I’ve been able to do well enough for myself and have avoided most debt (I paid off my student loan in full as soon as I could). I put myself through university, both undergrad and graduate school. I never got a job because of who I know, but I do have a very good job. And apparently, I’ve now been labelled a marxist. Which of course must have come from somebody who never actually read Marx.

I have a graduate degree in Economics. I believe in free markets, but I also am not so naive as to believe that market failure does not exist (that’s some weird sort of intoductory economics utopia that mostly doesn’t exist outside of pollution free widgets). Wanting national daycare is not Marxist, it’s realist. A population that fails to maintain and perpetuate itself is doomed – at present fertility rates (1.5 per woman per life), we are not any where near replacement, and if you think we can immigrate (and actually do so in a way that is fair to both Canadians and new Canadians) enough to make up the difference, your dreaming. Right now, between student debt loads and sky-high mortgage rates, without some kind of assistance generation x and y simply can’t afford to have kids. I never said that the daycare had to be supplied by government, but government could certainly help in terms of creating and subsidizing spaces. For those who want a parent to stay home – why not income split? Point being that we’ve got a whole generation in an ugly catch 22, and those who did manage to buy homes are soon to also be in a real ugly position with a high likelihood of having negative equity. Furthermore, with insufficient EI rates you are asking for bankruptcies to climb (among other not so nice side effects like homelessness), home foreclosures to begin and a much deeper and prolonged recession.

But I guess bailouts are a much better use of our money??

I know my grandparents very well. I think I’ve got a very good understanding of how they view the world – work hard, do your best – but if through no fault of your own you fall on hard times, you should not be too terribly penalized as to never again recuperate.

#96 justjanice on 04.13.09 at 5:27 pm

– by mortgage rates, I mean house prices. Thankfully, they are likely to be self correcting in the short term.

#97 Comrade Okie on 04.13.09 at 5:33 pm

#27 ally ally oxycontin free

When you speak of orange crate furnishings, you make me nostalgic, but someone ruins everything. They went and put granite tops on them a few years back and they are h*llish hard to break up for kindling now.

#98 Peter on 04.13.09 at 5:41 pm

The Canadian Real Estate certainly will go down to the unprecedented low level during next few years.

The reason: the total bankruptcy of Canada.

The reasons of Canadian bankruptcy:

1. Canada is not one nation – it is conglomerate of different nations: English, French, Chinese, Hindus, First Nations, Africans, Europeans and hundreds more. There are not common idea, common ideology, common religion, common culture, and common history. The only one thing is common – prosperity or money. At the very moment of the deep economical crisis in Canada – the Canadian society will be broken for hundreds of small local societies with social, national, ethnic and linguistic unrest.
2. The negative migration will start, instead of immigration today.
3. There is no self sufficient independent economy – Canada is mostly cheap supplier of natural resources to USA.
4. There is not self sufficient agriculture in Canada.

When the total collapse of Canadian economy and society will take place – the Real Estate of course will be very cheap.

It is prediction. You do not have to pay attention to it, if you disagree with this logic.

Will see.

#99 taxpayer like you on 04.13.09 at 5:50 pm

77 Brad said:

“If anything, I see myself as a victim”

Then you will always be a victim.

“I’m also of the opinion that it’s WHO you know to get anywhere in life, not what you know.”

I think many of us have felt that way at one point or another Brad. Sorry I dont know your personal cicumstances, but here’s a little something you can try.

Move. Doesnt have to be far, just far enough to get away from any history or connections you have. Start fresh. You will be surprised at how far you can make it without knowing “anybody”. Not only that, you will have built the
confidence and independence of being “self-made”. Throw me a curve – I’ll hit it. Make me compete, I’ll try to win. If I dont win, I’ll survive to compete again. If there’s nobody to compete with, I’ll compete with myself.

Good luck.

#100 Comrade Okie on 04.13.09 at 6:05 pm

Fried eggs and Spam

“Comrade Okie? You’re here, there and everywhere — busy as a beaver!”

Befitting a Beach Boy from the Maritimes, I get around….

#101 Denis on 04.13.09 at 6:32 pm

Everyone wants (needs) food, clothing, shelter, transportation, medical care, entertainment, etc. Economic activity is based on supplying these needs. Why Garth, in your scenario, would supplying these and their remuneration all of a sudden change ?

#102 ally ally oxycontin free on 04.13.09 at 6:52 pm

#93 justjanice on 04.13.09 at 5:25 pm

“I know my grandparents very well. I think I’ve got a very good understanding of how they view the world – work hard, do your best – but if through no fault of your own you fall on hard times, you should not be too terribly penalized as to never again recuperate.”

My Sami, knows, POPPY does not walk away. She represents new life and an opportunity to pass the lessons learned. She also knows, actions count, well beyond words.

#103 lgre on 04.13.09 at 7:08 pm

Brad – if you want to make it in the trades, you need to get out there and start knocking on doors..sending resumes and hoping for the best is not going to do anything. I remeber when I was 20 trying to be an electrical apprentice..I cold called over 150 employees before one gave me a chance..I ended up leaving electrical a few months later and repeated the process in the HVAC/R all my licenses and it has done good for me. Finding a job is more of a job then the job itself.. nothing comes easy.

#104 "Sir" North Vancouver Citizen Jr. on 04.13.09 at 7:09 pm

The following is relevant to Real Estate…imagine if Milton/Halton, Ajax or Oshawa had one dominant Muslim population.

…Can’t make this stuff up…

(Dearborn is just

DELETED. You were warned. — Garth

#105 ally ally oxycontin free on 04.13.09 at 7:16 pm

#96 Peter on 04.13.09 at 5:41 pm

Thankyou for your most hopeful message.

Now, mebbe you could fake an ossuary for Joseph.

#106 Got A Watch on 04.13.09 at 7:44 pm

Garth, you need to do more than wag your finger.

These nuts won’t be silenced by that, as you can see.

Ban them by IP address and MAC address, and you won’t have any more problems. Or let them spout more garbage, and turn off the vast majority of normal readers, who come here to talk about real estate and the Canadian economy.

By letting their comments stay, you give some measure of support to their hatred and xenophobia.

Don’t let the haters win.

#107 Da HK Kid on 04.13.09 at 7:49 pm

Garth, thanks for putting some stops on some of these posts, they are not helping anyone productively as this blog was intended.

People, there is a common theme to each of Garth’s writings coming back to looking at things wholly and realistically and for the assistance in your future.

If you support his view then fine, if you dont then also fine but have something constructive to say or you dont help anyone.

#108 Dan in Victoria on 04.13.09 at 7:59 pm

Post #77&91 Brad,Brad,Brad its not over dude,you have to learn to think diffrently.You say you work at Home Cheapo,do you deal with contractors?If so befriend some of them, ask if they know of any part time work that they can pass on.Ya ain’t gonna start at the top so make due with what they offer.Network on the sites with the other fellows,anyone who is reliable,keen,honest and conscientious will catch the eye of an employer believe me. I know.Plumbing,sheet metal,drywalling,insulation are some of the trades I can think of.It won’t happen over night,you must be persistent.How about auto body,locksmith,heavy duty mechanic etc.I didn’t have anything when I started,we came from a working poor family,I was the first one of all my aunts,uncles and cousins to gradutate from high school.Believe me we didn’t “know anyone”or have a cent to start with,its been a long,hard climb.Many,many mistakes along the way,but one thing, always surround yourself with positive, succesful people and friends.If you choose losers well…….

#109 Go Green on 04.13.09 at 8:00 pm

#20 David Bakody on 04.13.09 at 9:02 am
#18 Comrade Okie on 04.13.09 at 8:20 am

I am told New Brunswick is least expensive place to live, and there is plenty of room lots of fine farm land not to mention it’s beautiful and friendly.

And 30 cm today. — Garth

Were you being facetious Garth. IIRC parts of Ont rec’d similar a few days before.

#110 Bwadwy on 04.13.09 at 8:06 pm

Hey Bwad, I got some advice for you too….take the f-ing soother your mommy gave you out of your coddled

DELETED. — Garth

#111 Renta on 04.13.09 at 8:19 pm

Alt/arm mortgage resets are starting in the USA. Anyone buying right now at historic low interest rates here will be in the same boat 5 years from now when they go to renew. We’ve seen the carnage, been prewarned (via the US) but we still don’t listen. I guess it’s different here.

#112 45north on 04.13.09 at 8:26 pm

Brad, I liked your description of your own circumstances – you are the same age as my children. Best of luck.

As far as ideology. There is no cure.

Garth’s last paragraph If the next few months bring some measure of stability, and a sense of calm and even normalcy, do not waste them. This will be a time to sell illiquid stuff like real estate, to prepare for a future in which there will be no greater obsession than energy, to trash debt and achieve as much self-sufficiency as possible.

#113 dekethegeek on 04.13.09 at 8:26 pm

#77 Brad ( generation screwed !)
#87 Bill Muskoka ( Nam) (try law enforcement…)

Brad, unfortunately I have to agree with you as far as the statement, “It’s not what you know but WHO you know thats helps you get a job.” And Bills reccomendation about joining the service ,law enforcement,etc. is unavailable to you because of your color blindness.
Do you have a post secondary education? Just curious. 36 and part time work sucks but keep taking night courses, correspondence, etc. whatever you can and YES, use those friends to get a better job. The majority of the population will use friends to help them selves so WTF? Service industry, middle management( its not trades work money but hey, trades get laid off too.) No garauntees these days for everyone.
The people joining the work force from 1945 until 1965 were dubbed the “Golden Generation” because they had the best chance of getting jobs after the war and keeping those jobs for life with little chance of permanent lay off. “Two feet and a heart beat ” used to be the mantra for people those days.
It sucks but keep at it. If you give up your definitely screwed.
In 1981 ( one year in to that recession)I had no job, no money and no prospects. So i bs’d to get my foot in the door ( what the hell, when you have nothing your willing to do desperate things) . It worked and slowly i have pulled ahead. it doesnt happen in an instant or a year.
Good luck.

#114 taxpayer like you on 04.13.09 at 8:30 pm

93 Janice said:

“Wanting national daycare is not Marxist, it’s realist. A
population that fails to maintain and perpetuate itself is doomed – at present fertility rates (1.5 per woman per life), we are not any where near replacement….”

Sounds like you want canadian women to pump out
babies then go off to work. Interesting.

But I do think you’ve fallen into the trap, You’ve assumed the two-income family is the necessity, rather than the option. My family survived on one income for many years as a matter of choice. Why should my tax dollars go to subsidize childcare spaces for two-income families?

Dinners ready. Gotta go.

#115 dekethegeek on 04.13.09 at 8:35 pm

#7,17,22,57,67,84,& 96 Peter ( yes you go on and on )
Just curious, does PETER stand for

DELETED. — Garth

#116 charliegosurf on 04.13.09 at 8:37 pm


dont write much anymore, but that dude pic upthere gave me a bit of smile shine on my deception mood. that israel dude giving his opinion on our country gives me the fire to light…

no wonder why war exist when you see the hate between just provinces in a blog like this. you cant be fairly denying people to give their opinion Dude when you start using them as well; with peak oil, boomers and the O guy…

Common, if there is a world problem, this blog is the proof of it, and it’s not censure that cant resolve this. ifeel like people have a lot of dirty laundry to wash between themselves before this planet can land on it’s legs again.

IT STARTS NOW, MAKE EVEN GROUNDS WITH THE PAST TO FUTURE THE HOPE OF BETTER DAYS. who cares about country, colours or size, we are so lucky to be alive on this ball of fire rigth now.

seize the day and go smell that fresh air outside, taste that water like it’s the best drink you ever had, cherish the simple thing and most of all find a dude and ligth one up, it migth relax you more than you think and make you wonder about things like why the sky is blue, or the night is black!

whiffffffffff that, and keep on riding till the rollin rocks you!

#117 LS on 04.13.09 at 9:17 pm

“And if you want to live on 18K a year in your retirement years, knock yourself out. — Garth”

Want? Since when are we talking about want? If you have only little money, then you will be forced to live like that. Of course no one wants to live on a limited budget, I’m just saying it’s easily possible, if the circumstances force it.

#118 Brad on 04.13.09 at 9:45 pm

Thanks for the advice everyone…Truth is, Canada isn’t the Disneyland everyone thinks it is. Sure, opportunities here are better than other parts of the world, but the road to these “pie-in-the-sky” jobs is long and arduous. There are times when you wonder what the point is in working, especially with regards to our ridiculous tax laws. There are just somethings that do NOT make sense to me… And I still stand by my statement that Generation X will prove to be the “lost” generation, financially anyway.

Garth, thanks for deleting the asshole posts. There’s two or three in every forum it seems, no matter where you go. Best to ignore the trolls and move on.

#119 bill on 04.13.09 at 10:09 pm

uh huh….
like i said before, enjoy your fragile pride.
and don’t forget to kiss the feet of obama while your at it.
without the american aid and training, you wouldn’t be able to even make a posting from where you are. and by the way, the whole world is inhabited by people from many lands. oh and yes, i’ll say whatever i want, as demonstrated by this posting. if you have problems in the middle east, then you have problems. your not the only oil retailer in the world. say hi to obama next time he drops by to replenish your weapons and training people.
oh and one more thing, get over yourself and your self importance…

#120 prairie gal on 04.13.09 at 11:11 pm

I am Brad’s age and I just moved into my parents’ basement (no kidding!). Its only temporary – just until some sense of sanity comes back to the Regina rental market, where currently landlords are renting dilapidated shacks in the ‘hood for over $1000/mo. I was renting a decent house in a decent ‘hood but the landlord (who is also a realtor) decided this spring to put it on the market. She owned the house for maybe a year. Tenants here have no rights – over the past month I have had to endure several phone calls per day from realtors wanting to show the house (she left it up to me to arrange viewings) and for that privilege I paid her over $1000 per month. She even put a freakin’ lockbox on my front door! These other realtors are real pieces of work, too. If I wasn’t able to accommodate THEIR schedules they would get real huffy and rude.

I finally said enough of this garbage, I refuse to participate in this lunacy. I am NOT her employee and I am NOT here to pay her mortgage costs until SHE decides its time to liquidate. Tenants have zero dignity here. Its disgusting.

#121 Future Expatriate on 04.13.09 at 11:14 pm

#16- Jonestown Kool-aid is right over there, my poor duped friend. Canada, which wisely stayed out of Iraq, never and will never have anything to fear from any country or group save rogue elements of the good ole’ U.S. of A and their armtwisting to a mutual suicide pact.

#122 Future Expatriate on 04.13.09 at 11:17 pm

#21, I got Garth’s point. I just, as a matter of course, dump Jonestown Kool-aid harmlessly onto the ground wherever I find it, even in passing.

#123 Future Expatriate on 04.13.09 at 11:19 pm

#22- And I suppose you believe the last seven years under Bush in the US were “good” years.


Although don’t count on there being seven good years before the Tribulation… not for a single second.

#124 Bwadwy on 04.13.09 at 11:46 pm

Oh boo hoo, Garth I cant believe you deleted my post re: brad the whiner… Im his age, and I take offence to everything he says and stands for. What Brad says is even more outrageous than anything anyone has ever said on this blog! Even Squiddly77! Our generation may have problems, but compared to what? The people who are 34 living in 3rd world countries?

So, is that it Brad? Is it THE TRUTH Canada is not the Disney land everyone thinks it is? Is THAT THE TRUTH?

Ok so your lost within your generation. Stay that way, PLEASE….

#125 Future Expatriate on 04.13.09 at 11:55 pm

“alex” #50 said: “Future Expatriate,

Seventy years ago, individuals like you were killing Jews at the hands of the Germans.”

Right out of the box, that statement doesn’t even make sense in any kind of English.

However, I know what you meant. More than 75% of my remaining family is Jewish, so please, kindly go ef yourself.

“Today, individuals like you are killing Jews at the hands of the Arabs”

Once again, that statement doesn’t make sense in ANY form of English. As to what you meant, accusing me again of killing Jews and being responsible for killing Jews, once again, please go kindly ef yourself.

“and hope that Iran will nuke Israel as Iran openly and without shame announced.”

No. I would like to see MAD, aka Mutually Assured Destruction, in the Mideast implemented YESTERDAY, so no insane paranoid violent fascist country (I don’t care if it’s Iran, Israel, Pakistan, India, or the US) can attack another with impunity without being wiped off the face of the earth as they would richly and justly deserve.

“Today, like on the eve of World War II, you feel comfortably safe and superior to both the aggressors and their victims.

Quite the contrary. I am horrified, as an American, to be living in an absolutely fascist country (the USA) embarked on a disastrous Imperialist attempt at conquest in the Mideast. I am appalled at the innocent blood on my hands, that my tax money supports and enables. I am doing all I can do to rectify the situation. Meaning the war AND my citizenship shame.

“You shouldn’t. After all, you must know that the 6 million Jews killed by Nazi Germany constituted less that 10% of all casualties of that war.

You mean the Slavs, the gypsies, the gays, the mentally challenged, the Lutherans and other protestants that stood against fascism as I stand against it today, whether it be US or Israeli?

Thanks for the education.

“But Germans were across the ocean, while today your enemies — uncounted millions of them — have already landed on your shores. How far is your comfortable home from the nearest mosque?”

Dear “Peter”, America and Israel and Canada have far more to fear from the likes of you and Dick Cheney than they do any Moslem in any Mosque ANYWHERE IN THE WORLD. And quite frankly, unless he wanted ME to respond to you, I’m surprised that Garth allowed your jingoism, xenophobia, warmongering, and religious bigotry to, for a single second, use this board.

So I’m hopefully rising to the occasion.

“Do not confuse non-resistance to aggression with peace. You and your kind, Mr. Future Expatriate, are the reason World War II and the world war that officially came to the United States on September 11, 2001, became possible.”

NO World War II, or for that matter, WWIII, came to the US on 9-11-2001. Rather, a clumsy arrogant error-ridden attempt by offense contractors to create an endless gravy train greased by innocent human blood. Scientists have found the thermite in the ruins of the WTC which proves they were quite professionally demolished.

But have no fear; I will never believe Israel nor Mossad were involved in 9-11 outside of warning the US on several occasions (warnings which were absolutely ignored) and documenting the operation every step of the way so they would have the proof they were not involved IN ANY WAY, when, inevitably, they would be blamed after all other patsies, like those provided by the Saudis, failed.

But as to the rest of your war propaganda Kool-aid… it’s been flushed, my friend.

#126 Future Expatriate on 04.13.09 at 11:59 pm

Peter, I have a final bit of advice for you. Join me in immigrating to Canada asap. That bloodsoaked bit of dirt where you are living IS NOT WORTH IT. ANY of it.

Neither is mine.

#127 nonplused on 04.14.09 at 12:09 am

Osama Bin Laden is probably dead, the last thing Iran wants right now is a nuke, but Pakistan probably is months away from disintegration. And Pakistan has nukes, mostly because the US insisted on enabling India.

Here is a nifty link on Iran

Here are the highlights of the argument: Iran can already shut down the Persian Gulf for months. They already have the “doomsday” weapon they need. Without oil from the gulf, first and second world economies will suffer a blow from which they cannot recover. So why build a bomb now when that will certainly get them bombed when they already have something better than anything they can build in the next 10 years? They are crazy, but not suicidal.

Surely they will build a bomb one day if the rest of the world continues to insist on owning them, but now is not the time.

What they do need is electricity. And they also have large uranium deposits. And they signed the nuclear non-proliferation treaty, which entitles them to produce power from uranium and obligates Canada (and all the other signatories) to help them.

If we’d have sold them a Candu, as we are obligate to do if they want one, they wouldn’t need to enrich, and they couldn’t make clandestine bombs. But of course, sanctions.

Look, boomers, nothing you guys are thinking works anymore! Please do the rest of us a favor and stop talking and start listening! Just because you can’t pay the mortgage and the social security pension Ponzi scheme is about to unravel doesn’t mean the rest of us want our children incinerated in WW3 (or 4 for George W.).

#10 David Bakody

Yes, that’s a good idea. Blame the children. They spoiled themselves, right? Turn off the TV and go shovel the walk with them.

My kids follow me everywhere and don’t need to be told to shovel the walk. I have a 3 year old who tried to help me dig out the truck with the rest of the family. Surely he didn’t accomplish much, but to him whatever the rest of us were doing was what he thought he should be doing.

Just because TSN doesn’t come with a controller doesn’t mean its better. Boomers.

#31 Math professor

I can’t remember the name of it, but there is a logical fallacy named after throwing out an argument based on an error in the details. Your $73,000 means what? Sorry, it means nothing, and doesn’t refute squidly or his rational or ability to reason in the future. Boomers.

#52 Bill-Muskoka (NAM)

Canada does not have larger oil reserves than Saudi Arabia, never did, never will. Otherwise the US army would be here!

What we have is tar. Tar is not oil Tar can be made into oil, but it requires a lot of energy, currently coming from natural gas, and it’s hard on the environment.

We need Candus (yes, nukes) in Alberta to hope to be able to produce this resource long term and much work needs to be done on the environmental aspects.

It’s not oil, Boomers.

#92 ts harpoon

The oil will still be cheap if the economy completely collapses. I think that’s the point the engineers missed.

#116 Brad

Generation X had a slow start, but I know many of them that actually did fairly well financially just by betting against the boomers. Just do the opposite of what they do and you’ll be fine.

#128 Ulsterman on 04.14.09 at 1:19 am

Brad, your situation is obviously frustration and painful for you. On a geneal note more students should consider their job prospects before chosing courses. There are far too many grads chasing too few quality jobs. All through university aside from trying to meet girls and have fun, everything else i did always had a “resume building” motive.

It may not be the most romantic, free-spirited view of university but it gets you selected by large multi-nationals onto their graduation training programs. You need good life experiences, good interview/ assessment centre skills, a great resume, and good grades to beat out the other 95% of your classmates to secure good positions.

Too many university grads believe that just showing up for the party gives them a free pass to the good life. Brad, this isn’t an attack on you personally, just a general comment on a broader situation.

#129 Bill-Muskoka (NAM) on 04.14.09 at 10:18 am

#127 nonplused

Obviously, you have surrendered your mind to the Ill-informed Knowitalls of your generation. Enjoy!

#130 Bill-Muskoka (NAM) on 04.14.09 at 10:41 am

#125 Future Expatriate

BRAVO! You nailed many points accurately. Very accurately.

Here is a letter (email) sent to the Goebbelists at Fox News from Canadian that knows true history.

I don’t know if you heard the clip of the Red Eye supposedly Comedy Show hosted by Gutfeld, it was a slur about Canadian forces and the RCMP.

Written response to the Utube clip mocking Canada and our military…RIGHT ON!!

Pete Salter sent this letter to the Fox television network re the redneck show.

*Subject:* Canada’s Military

Dear Mr. Gutfeld;

As a Canadian, I find your lame duck apology for your despicable comments on Canada’s military to be totally inadequate.

Perhaps you and your ignorant, redneck audience would find the following to be just as humourous should you care to share it with them, which I don’t imagine you will.

Your comments and those of your “commentators” were not only an insult to the men and women of the Canadian armed forces but also demonstrate once again the appalling arrogance and ignorance of Americans such as yourself.

Let’s take a quick look at “American military prowess” as seen from a non-American standpoint.

Invade Canada because they have no army?

You tried that back in 1812 and got your American butts kicked.

The only significant battle that US forces won in that war was the Battle of New Orleans which was actually fought several weeks after a peace treaty had been signed in Europe.

And even in this battle, your Old Hickory (was that a reference to his head) depended on the support of a French pirate and his men who betrayed the British.

How’s that for an amusing play on Andy’s nickname?

Actually, when it comes to winning wars on your own, the only one you can lay claim to is your Civil War, which Americans of one side or the other pretty well had to win, didn’t they?

In the Revolutionary War you had the French to help you.

In the Spanish American War, you had the local indigenous populations to help you. Are you finding this amusing?

You largely took a pass on World War One until it was three quarters over and then sent only a token force most of whom saw no action before the spring of 1918.

Canada, by contrast put 10% of its entire population in uniform and these men were invariably given the most difficult objectives which they always achieved, unfortunately with the loss of a full 10% of its force – that’s killed, not just wounded.

And who were your great heroes?

Eddie Rickenbacher who managed to shoot down a total of 26 enemy aircraft in about the same amount of time that the Canadian ace, Billy Bishop, shot down 72. Where did your guys learn to fly?

Then there was that hillbilly hick from Bear Creek Hollow, Tennessee named Alvin York. What the hell kind of name is that for a soldier? Alvin’s a bloody chipmunk’s name!

Am I being funny yet?

Of course in World War Two you Americans jumped in when it had only been going on for two years and a quarter years, but you made up for it by taking all the credit.

Again, it was mainly the Canadian forces who took the brunt and who were given the toughest assignments in areas like the Italian campaign, Dieppe and at Normandy.

Why do we never hear anything from Hollywood about what the Canadians achieved at Juno Beach, generally regarded by most historians, other than Americans, as a tougher objective than Utah or even Omaha Beaches?

Why don’t you Americans know that the Canadian Division was held back from entering Rome on June 6, 1944 so that Georgie Patton’s ego could be satisfied, his ego and propensity for slapping Privates being his two most outstanding leadership qualities.

Are you bozos laughing now?

“But we Americans won the War in the Pacific,”…… I hear you saying.

Yes, after the Australians and Chindits showed you how to defeat the Japanese at jungle warfare.

Unfortunately, those lessons in jungle warfare seemed to have been forgotten by the time you got to Vietnam where about the only things American troops did were drugs and young Vietnamese women.

Isn’t this just hilarious?

And now you’re going to send an additional 17,000 troops to Afghanistan where, given your extremely limited success in Iraq (another war you don’t seem to be capable of winning), it’s just possible that the Canadian and other lesser UN forces there may feel they would be better off without.

You Americans are just a laugh a minute! ……. No wonder the rest of the world loves you so much!

As I suggested at the outset, I doubt if this will be shared with your audience (which, by the way, doesn’t and never will include me), but if you do, I’m sure you will all take it in the humorous vein in which it is intended.

Excuse me now while I extract my tongue from my cheek.

Peter Salter
A justifiably proud Canadian

#131 Bill-Muskoka (NAM) on 04.14.09 at 11:01 am

#120 prairie gal

Which are exactly the reasons we chose to buy a modest home instead of rent. We had a good landlord, personal friend (and still is), and all the best possible of relationship, other than she would never deal with some of the problems until they became seriously major ones, but the handwriting was on the wall that she would be selling due to her pending retirement and health.

We knew the moment she made that decision we were at the mercy iof some damn money grubbing investor. Even though Ontario has fairly good laws now, the hassle would have placed us in a high stress situation, and our age, we simply do not need that crap.

You chose wisely. So did we!

#132 Bill-Muskoka (NAM) on 04.14.09 at 11:22 am

#93 Brad

Yeppers, you are right about those occupations and your colour blindness. Sorry to hear you suffer from that.

Now, sit down, forget all the things you can’t do, and list what you really want to do FOR NOW and then pursue those occupations. Life is PROGRESSIVE, not STATIC!

I have done many different things in my 60+ years, but had to go with the flow of reality all the time. The body may not allow you to do some things you wanted to do or did. Follow your instincts and heart. Note: You may FAIL! That is part of the process we call life. Once you accept that fact you will find yourself freer than you may have ever felt before.

You were endowed with natural abilities and talents. Now, identify them and use them for your benefit as long as they are legal and ethical.

Choose wisely! But always be prepared for CHANGE.

I suggest reading ‘Einstein’s Dreams’ a book that explores all the possible worlds of reality. No math, no science, just a portrayal of possible views of how we gauge our lives based around time. In short a philosophical book on possibilities.

Also read Richard Bach’s excellent books. Few people talk about what they really think but most think what those books portray, except the ones who know it all. ;-)

#133 Bill-Muskoka (NAM) on 04.14.09 at 11:25 am

Throw me a curve – I’ll hit it. Make me compete, I’ll try to win. If I dont win, I’ll survive to compete again. If there’s nobody to compete with, I’ll compete with myself.

#99 taxpayer like you

Yeppers. that is REALITY for those who endure and succeed in life.

#134 Bill-Muskoka (NAM) on 04.14.09 at 11:34 am

#55 Bill-Muskoka (NAM) What do you mean? That’s a self-portrait. –Garth

Like Dude, you DID master the comb and razor in later life didn’t you? ROFLMAO!

Who would have guessed you are an Arteeeeest?

#135 Bill-Muskoka (NAM) on 04.14.09 at 11:35 am

#86 Peter

EGADS! And here we all thought Toronto was the Centre of The Universe?

#136 dd on 04.14.09 at 7:01 pm


“Sidenote: Shouldn’t housing starts essentially be zero now?”

Is the population growth negative? No.

#137 Eduardo on 04.14.09 at 9:20 pm


Is there a surplus in housing that’s going to cause house prices to fall?

#138 dd on 04.15.09 at 1:58 am

Eduardo on 04.14.09 at 9:20 pm dd

“Is there a surplus in housing that’s going to cause house prices to fall?”

About 5 million homes in the US are still tied up in foreclosures. They say it is about 10 months worth of inventory. So pricing has to go lower when this stuff comes on the market.

#139 dd on 04.15.09 at 2:02 am

North Van Cit Jr,

“#22 keesio (Future Expatriate) – You are missing Garth’s point. It doesn’t matter who nukes who. It is the instability to the world that will further cause economic turmoil.

We could start with NVC. — Garth”

Hey NVC … even Garth is dishing you now.

#140 Val Mel on 04.15.09 at 10:35 am

North Van Cit Jr,

You had better duck…..”dd” has stated that they are all “dishing” you now.

Man….I would hate to get “dished”…..that could really hurt…seriously…plates and saucers flying all over…yikes…

I was “dissed” once…wasn’t so bad…

#141 Bill-Muskoka (NAM) on 04.15.09 at 12:20 pm

Whew, look out for those UFO’s, aka, Flying Saucers…being dished is painful. LOL