Vol times

Trump week continues, sadly. How did we ever get along two years ago, when he was still claiming Barack was a Kenyan, and pinching bottoms?

Well on Wednesday the US President made a mockery of his own words, and did the right thing, with an executive order decreeing migrant children would no longer be snatched from their mommas’ arms. This came after billions of words (many of them from T fans on this pathetic blog) arguing it had all been Obama’s plan for which Dems are to blame, and the White House was simply enforcing a law it couldn’t possibly alter. Only Congress could do that.

Not so much, it turns out. This crisis is over. Apparently the tough guy does bend to public pressure.

This is good for Canada, now staring at devastating Trump trade tariffs that could shutter the Oakville Ford plant (and many others), eliminate one in five Ontario manufacturing jobs and make you wish you never signed a $900,000 mortgage agreement. Will Mr. Socks and his team of beagles do what’s necessary – flood the US media, threaten to shut off the flow of oil, immediately withdrawn Justin Beaver and that screechy Celine woman plus halt the flow south of Canada Goose parkas? Will maple-bred NHLers be told next season to take a knee for the home country when the anthem rings out?

Seriously. The US president is an ego-driven media hound who loves to call the networks ‘fake news’ but is obsessed with his own ratings. The migrant-kids-in-camps episode should tell our leaders all they need to know about getting the trade war dialed back.

Anyway, here’s today’s Trump-driven economic update: The spectre of fat border taxes is whacking the dollar. At barely more than 75 cents US, it has lost 11% of its value in recent months and could continue its descent along with the commodity prices that are being hurt by Trump and the American currency. This is also impacting the odds of more Bank of Canada interest rate increases – at least in the short term.

The betting is still 65-35 the central bank will increase its benchmark rate on July 11th, driving the mortgage stress test level to almost 5.6%. That’s down from the 80-20 odds which were being floated before the latest trade tantrum from Washington.

However at the same time the Fed’s boss, Jerome Powell, this week indicated rates in the US will continue to rise for quite some time to come, and at the heart of that is (of course) Donald Trump. His tax cut is inflationary. Full employment’s inflationary. Tariffs, trade barriers and higher input costs are certainly inflationary. Stock markets sitting near record levels are inflationary. So the central bank there is likely to pull the trigger twice more in 2018, then three or four times in 2019.

Without coordinated rate increases here, plus bad blood with our biggest trading partner, the loonie is somewhat doomed.

Of course, I am sure you followed the advice here, oft repeated, to always maintain 20% of your investment portfolio is US$-denominated assets. If so, you’re good. Meanwhile the Canadian stock market hit an intraday high Wednesday because Ottawa wants us all to get high on weed (there is soooo much to try and get mellow about). Passage by all the stoners in the Senate means MJ will be legal sometime in the next few months, which sent producer stocks soaring. Remember the advice: never exit an asset class.

The general consensus is thus: rates are still going up in July. Count on it. Mortgages, prime, lines of credit, demand loans – all higher. The second increase slated for the autumn might be pushed back. Then again, if the Fed goes nuts and our dollar swoons to the low-70s it might be considered currency manipulation by Trump, designed to reduce the cost of Canadian exports and defeat his tariff wall. More troubles.

This is what volatility is made of. Uncertainty. Lack of stability. Broken treaties. Emotional decisions. Unpredictable policies. Three-sixties. As the kids like saying: elect a clown, expect a circus.

206 comments ↓

#1 Red falcon on 06.20.18 at 4:59 pm

Circus!! I mean, first!!

#2 jim on 06.20.18 at 5:02 pm

That “kids separated from parents” issue was there during the Obama years… nothing new…where was your outrage then Garth? You sound like a shill for the MSM

Where were the camps full of child detainees under Obama? Oh wait, There were none. – Garth

#3 RyYYZ on 06.20.18 at 5:07 pm

So, the Liberals have made the announcement, pot will be legal in this country come Oct 17th.

Am I the only one who thinks they should have at least been able to pass a bill legalizing personal possession in less than 3 years? That’s another 3 years since they’ve been elected that the system has been continuing to make criminals out of people for possessing a small quantity of plant material.

#4 jess on 06.20.18 at 5:09 pm

volatility : exposure

he new cache of files show that soon after the Panama Papers were revealed on April 3, 2016, Mossack Fonseca was besieged by worried emails. Clients demanded to know what had been leaked — and particularly whether it involved the sensitive, and normally secret, information on the “beneficial ownership” (BO) of offshore companies.

“URGENT… what documents/BO info was taken from files and when?” asked the head of a trust company.

“It’s gobsmacking, and I demand you DELETE my name from all your files,” a French investment adviser wrote.

An offshore company administrator based in Luxembourg fretted about her client’s exposure. “We need to change the address mentioned in our system… This need[s] to be done urgently; due to the Panama Papers our client faces some problem in Canada.”

Overall, the new documents reveal, Mossack Fonseca couldn’t identify tens of thousands of owners of companies it had registered in opaque, low-tax jurisdictions, even though international anti-money-laundering rules were now requiring just that.

http://www.cbc.ca/news/world/mossack-fonseca-panama-papers-new-leak-1.4714187

#5 MF on 06.20.18 at 5:13 pm

I actually support legalization now.

I mean sure it causes brain damage, makes people lazy, disrupts brain development in utero, and smells like crap but the government should not dictate what behaviours people engage in.

Cigarette and alcohol destroy lives and are legal money generators so should weed.

Make sure to tax the hell out of it because smokers (recreational users) are addicted and will pay regardless. This will provide tax revenue. Make the tax like 60%.

Lastly, the dealer scum bags will be out of work and have to actually find a real job.

There are actually a lot of positives.

MF

#6 Musty Basement Dweller on 06.20.18 at 5:15 pm

Here’s some great news from our courageous and hard working NDP government in BC regarding the real estate Fiasco here. If it’s allowed to be implemented it will be significant in helping to tame the beast.
https://globalnews.ca/news/4286029/b-c-government-to-launch-registry-of-who-owns-real-estate-in-province/

#7 paracho on 06.20.18 at 5:18 pm

We are living in some interesting times .
Let’s hope our politicians can leverage some force and wit into changing our southern neighbors into changing their tariff attititeds towards our exports . There just might be hope !

#8 FOUR FINGERS WATSON on 06.20.18 at 5:20 pm

Wouldn’t it be nice to have a few pipelines to tidewater right about now ? Instead of selling our crude to the US at discounted WCS prices we could be selling it to China who would just love to buy it from us at world prices and and stick it to the Donald at the same time. And the US would be in a major pickle if they lost 20% of their crude imports. The Donald might even be a little more philosophical in the NAFTA negotiations. Am I the only one who thinks about these things ?

#9 Doug t on 06.20.18 at 5:24 pm

It’s amazing how many “clowns” are running the world circus right now:
Trump
T2
Merkel
Philippe
May
Conte

RATM

#10 Reality is stark on 06.20.18 at 5:27 pm

Once the Saudi’s start pumping oil again the Canadian dollar is toast.
The House of Saud needs money worse than Andrea Horwath.
This country is done. God help those 30-40 year olds with big mortgages. We are looking at a debt deflation depression. Time to circle the wagons.
Trump will negotiate a horrific trade deal with Canada and we will be forced to eat it. Also he will expect us to expose private information on our citizens before allowing entry.
Life is about to get a lot rougher.

#11 NotLegalAdvice on 06.20.18 at 5:28 pm

https://ca.news.yahoo.com/lewandowski-wont-apologize-womp-womp-reaction-story-girl-separated-mother-154621302.html

How can anyone support this? Blaming it on a policy issue? really?

#12 Tim Vandergrift on 06.20.18 at 5:29 pm

Garth, have you seen the notion being bandied about that Canada could revert to pre-1989 trading practices if Trump negates NAFTA?

The theory is that the feds could license production of US copyrighted pharmaceuticals and pretty much give them away to any country just above cost of production, along with many other trademarked or copyrighted material.

It’s a nuclear option, and would crater the US economy, but as a threat it seems immense and exactly what the Orange-Utan would respond to.

#13 mitzerboyakaQueencitykidd on 06.20.18 at 5:30 pm

just to add to Garths words
happy longest couple days of the year blog dogs

hAvE fUn

#14 God Save Our Queen on 06.20.18 at 5:39 pm

So many here show their cowardice in saying we need to bend to Trump’s will. You folks need reminding that we are one of Her Majesty’s 50+ countries whose armies pledge allegiance to her.

Canada is in a far stronger position than most realize.

Trump would be wise not to grab her by….

#15 Ray on 06.20.18 at 5:39 pm

This is a video that claims to be a digital HD copy of 16mm film recorded in June 1964. In it, the subject is an alien homo sapiens from the future. He is asked how will the next nuclear war start and when will it start. His answer is it will start just a little after 50 years from now (June 1964, the time of the recording), and it will be initiated by the USA. Before everyone claims I have to replace my tin foil hat, it is interesting that the former Defence Minister of Canada, Hon. Paul Hellyer has verified he personally has met with extra-terrestrial aliens and believes the earth population should be aware that they exist and what they have to say. There is also evidence in plain site that a higher technology has been used on earth thousands of years ago. The Great Pyramid of Giza was most likely not built by the Egyptians, but more likely by an advanced technology race,( most likely from the future). The Pyramid actually has eight sides, not four, and this precision of construction is beyond our technology, let alone the Egyptians.
I bring this up to support the idea that we may not actually be alone, and that the video may have some validity. If so, it directly points to Pres Trump as the man that will soon destroy mankind, let alone NAFTA.
https://www.youtube.com/watch?v=pKka6f7m6IE&t=212s
Paul Hellyer video,(one of many)
https://www.youtube.com/watch?v=EgrCQpWz6iI
Eight Sided Pyramid:
https://www.youtube.com/watch?v=pApWhW7ZH5c

Oh god… – Garth

#16 RentYVR on 06.20.18 at 5:54 pm

The smart traders were selling pot stocks today. Buy the rumour sell the news as they say…

#17 A J on 06.20.18 at 5:55 pm

#11 NotLegalAdvice

Despicable.

#18 Figus Makum on 06.20.18 at 5:55 pm

“The spectre of fat border taxes is whacking the dollar. At barely more than 71 cents US,”

Quite possibly by end of year, but CDN $ trading today above 75 cents US.

#19 islandgirl on 06.20.18 at 6:00 pm

So small easy question, I have to head south of the border for a trip in October. Would it be prudent to exchange some money now before it dips even lower?

#20 Leo Trollstoy on 06.20.18 at 6:00 pm

good luck determining if the undocumented adult accompanying the undocumented child is their ‘parent’

many of these children are with human traffickers

hilarious that people assume that all these illegals are related just because they arrived together

ppl are stupid

that’s why most ppl are poor

https://www.sfgate.com/news/media/Jeff-Sessions-Says-U-S-May-Use-DNA-Tests-to-1279877.php

#21 Zapstrap on 06.20.18 at 6:03 pm

#5 MF on 06.20.18 at 5:13 pm
Lastly, the dealer scum bags will be out of work and have to actually find a real job.

I actually support legalization too but these guys will just sell you something harder. They need to be dealt with differently. Sadly with our justice system …

#22 Neil on 06.20.18 at 6:04 pm

Dollar at 75, not 71….yet

#23 tccontrarian on 06.20.18 at 6:04 pm

“His tax cut is inflationary. Full employment’s inflationary. Tariffs, trade barriers and higher input costs are certainly inflationary. Stock markets sitting near record levels are inflationary. So the central bank there is likely to pull the trigger twice more in 2018, then three or four times in 2019.”-GT
———————————

Ha! Yes, it’s all inflationary, and the one asset that is known to perform well during those times is….??
You’ve hinted at it but not willing to actually say it. Is it really that difficult?

Well I’m here to help: “buy gold”

…you’re welcome

TCC

#24 Ray on 06.20.18 at 6:06 pm

Oh god… – Garth

The truth is out there,I want to believe

#25 Citizen at Kelowna on 06.20.18 at 6:08 pm

I’m certainly opposed to children being separated from their parents, but it ought not be lost on us that these parents are willingly putting their families in harm’s way by setting out to break the law.

So my outrage is tempered by the fact that breaking the law has consequences. Maybe don’t lead your family to imminent danger by explicitly and knowingly transgressing the law.

#26 Mike on 06.20.18 at 6:11 pm

“…always maintain 20% of your investment portfolio is US$-denominated assets.”

I moved 70% of my investments to USD investments during the meltdown in February. The downturn in the markets has been almost entirely offset by exchange rate gains. The loonie has farther to fall. $0.65 here we come!

#27 Dave Ahem on 06.20.18 at 6:13 pm

If you intend to buy weed in Canada and also occasionally travel to the US, always buy your weed with cash. Your credit card info is shared across the border as is a lot of your banking and it will reflect the purchase of something that in the US is still federally illegal. It could potentially be used as a reason to ban entry if you lie about it and they find out.

#28 pay your taxes on 06.20.18 at 6:14 pm

I’m shocked at the number of mortgaged homeowners I know who are completely clueless about B20 and what it means. Most have mortgages with 2 or 3 years left before renewal and all of them believe that 20 percent down will save them from having to requalify at the higher rate when they next go mortgage shopping. It will be interesting to see how many do qualify and what rate the bank offers “trapped” mortgage holders. Probably no better than what Trump is offering America’s trading partners now, perhaps much worse.

#29 cecil1 on 06.20.18 at 6:18 pm

DELETED

#30 Camille on 06.20.18 at 6:19 pm

Thank you. Slow lefties can stop commenting yesterday’s blog. Ha Ha.

#31 Grammar Police on 06.20.18 at 6:24 pm

when he was still claiming Barrack was a Kenyan and pinching bottoms?
———————————
Who did what? Obama would never put himself in the limelight by pinching some frustrated American woman’s cottage cheese. Please consult an English teacher on proper subject and verb tense agreement.

#32 akashic record on 06.20.18 at 6:25 pm

Will T2 do the clown thing or will he continue to let migrant children snatched from their mommas’ arms?

https://globalnews.ca/news/4283134/canada-migrant-families-children-detention/

#33 Trumpocalypse2018 on 06.20.18 at 6:35 pm

12 HOURS UNTIL THE SUMMER OF HELL BEGINS !!!!!

PREPARE.

NOW.

#34 Lifexprt on 06.20.18 at 6:35 pm

Nice day!

Weedstocks rocketing past their ATH ;)

At this rate i will retire before some people start working.

Get in people before its too late, May want to wait for a pullback first, of course do your diligence and diversify

US Cannabis is the next big thing, speculative but inching closer

#35 KIM on 06.20.18 at 6:42 pm

I wonder what he is doing, because he left days ago for further instructions from his handler in China. I am waiting to see their next move against the beast.

#36 Brad on 06.20.18 at 6:43 pm

Immediately withdrawn Justin Beaver and that screechy Celine woman???? Are you kidding me…leave them there!!

#37 AK on 06.20.18 at 6:48 pm

“As the kids like saying: elect a clown, expect a circus.”
=====================================
Yeap, That’s what Canada has to deal with, until October 21, 2019…

#38 Smudgekin on 06.20.18 at 6:48 pm

Caged kids? Steele tariff based on not being able to produce enough during time of war? Sounds like somebody listening too much to their military advisor.

Are we planning a gang-up on China with Putin..?

#39 isuckless on 06.20.18 at 6:58 pm

http://usat.ly/1qeGdcy

#40 Lost...but not leased on 06.20.18 at 7:00 pm

Reap what yee sow

NOTICEL
Canada has flu$$$ed their own home grown (messianic )clone of Donald Trump….Joe Clark…..Kim Campbell..Tie Domi and anyone with DNA connection to Mr Socks…

Signed:” free BC from anything East of Abbotsford”

#41 Doug t on 06.20.18 at 7:07 pm

#24 Ray

Stay strong buddy – the truth is hard for many to accept – took the red pill a few years ago – and yes the truth is out there

RATM

#42 akashic record on 06.20.18 at 7:07 pm

Let’s take a look at the real circus – presentation of data from the World Bank and U.S. Census Bureau.

https://www.youtube.com/watch?v=LPjzfGChGlE

#43 Out Of Work CEO, Will Travel on 06.20.18 at 7:10 pm

Elect a clown; expect a circus…more reasons to love the greatest country on earth. There is a fix with the NAFTA sticky wicket for the T2 team: Is there a UN US Ambassador Nickki Haley fixer in the Lib Cabinet capable of going to the White House and making a deal for Canada to accept at minimum half of the Latino asylum to the U.S. on an annual basis. Trump gets this “immigration file” done and we get our Nafta and a good group of immigrants who fit the profile of “wannabe Canadians.

#44 Dolce Vita on 06.20.18 at 7:14 pm

2 minds.

Bad that migrant kids were separated from their parents.

Bad their migrant parents knowingly used them as pawns to embarrass the Americans into letting them into the country.

Plenty of blame to go around, not just Trump.

Canada and the US are not stupid about asylum. They know which countries citizens deserve this [e.g., Syria].

Those that showed up recently at the American border all chimed the exact same gang violence, shooting of a relative, in fear for our lives, asylum story [well, at least on NBC Nightly News they did].

They have plenty of that in America already.

Why then they would seek asylum in America is beyond me.

Rather, they are immediate gratification, jump the queue, economic migrants that do not want to follow immigration laws because otherwise, they know they would not be admitted.

Once you strip away the embarrassment of separated crying children, the above is what you are left with.

We all want to do good in life, but their is such a thing as the Rule of Law and for good reason.

#45 Tater on 06.20.18 at 7:14 pm

#260 James on 06.20.18 at 4:29 pm
#252 Tater on 06.20.18 at 3:23 pm

#236 James on 06.20.18 at 1:05 pm
____________________________________
Thanks for your perspicacious wisdom. Here you go.
https://www.youtube.com/watch?v=NpYEJx7PkWE
————————————————————–

Great work dipsh*t. What part of my comment below was unclear?

“What laws are being broken when a family shows up at the border and seeks asylum? The US still offers that as an option for immigrants, so why are people who are trying to claim asylum having their kids taken away?
And if this was happening under Obama, it was just as wrong, so GTFOH with your what-about-ism.”
_________________________________________
My, my testy are we not?

Well Mr. Tater, BTW your very tasty when immersed in hot oil. Back to the subject at hand. It is not a question of laws, laws are written to be changed. I might add the law was incorporated before Obama and in its current form was never enforced. Now lets call them as they are Trump is a racist. He despises immigrants and instructed the DHS to enforce the law to the max. They don’t want immigrants, refugees or for that matter anyone who isn’t a WASP. So there it is. BTW you must love your Man Trump unconditionally. OK now you two can get a room now.

——————————————————-
You’re so thick. I’m agreeing with you, you muppet. I despise Trump’s actions and statements. There are NO laws that specify children of asylum seekers need to be removed from their parents. Try to figure out how the quoting and replying works around here or keep making an ass of yourself

#46 Leo Trollstoy on 06.20.18 at 7:17 pm

POLL: Conservatives and Independents are increasingly happy with the direction that Donald Trump is taking the US

POLL: Liberals still crying

https://news.gallup.com/poll/235739/satisfaction-direction-reaches-year-high.aspx

#47 tccontrarian on 06.20.18 at 7:18 pm

Trump this, Trump that … every day we’re talking about what Trump did or said! Like I said the other day, I think Trump’s main ‘job’ is to keep everyone on edge and occupied by talking about his Tweets etc.
Hard to prove, obviously, but just consider it a possibility.

I propose a Trump-free week next week. Or, even better, how about a Trump-free July (beginning on Canada Day, July 1st). Consider it a form of passive Patriotism.

Thoughts?

TCC

#48 conan on 06.20.18 at 7:40 pm

Oh god… – Garth

No one offered you the UFO file when you were at Parliament?

G.T. rhymes with E.T.

You should have been a shoe in.

#49 Muttley O'Toole on 06.20.18 at 7:46 pm

“The migrant-kids-in-camps episode” – right there is where you got it wrong, Garth.
It is illegal border crossers – a nation that has no control over its own borders is destined to be over-run; what would you say if the bad,bad gang M13 were entering Canada illegally ?
I admire your prose, your expertise in your chosen area of expertise and the fact that you make this freely available for all who choose to visit your blog.
But, when you stray off the reservation, you don’t always get it right.
Remember, none of us are infallible.

They are migrant kids. In camps. Period. – Garth

#50 tccontrarian on 06.20.18 at 7:49 pm

#26 Mike on 06.20.18 at 6:11 pm

“…always maintain 20% of your investment portfolio is US$-denominated assets.”
***
I moved 70% of my investments to USD investments during the meltdown in February. The downturn in the markets has been almost entirely offset by exchange rate gains. The loonie has farther to fall. $0.65 here we come!
++++++++++++

The loonie has a better chance to get to $0.85 than $0.65, over the next 12-18 months. I know this is ‘news’ to you, but Commercial currency traders’ positioning is actually very bullish right now (net long). They’re considered to be the ‘smart money’ – which makes your prediction just a meaningless guess and inconsequential (unless you’re actually short the CAD in which case you’ll be losing a bundle).

TCC

#51 For those about to flop... on 06.20.18 at 7:50 pm

Latest score from the World Cup.

Thieves 1- Gyptocurrency 0…

M43BC

“Hacks is Picking Up: This Month Alone Thieves Stole $71.5M
Pundits and commentators have long worried about the security of decentralized cryptocurrencies. In fact, detractors often complain that investing in cryptocurrencies carries far too much downside for the average investor—even if the price goes up, you can still lose it all to hackers. We just saw two more crypto hacks at Bithump and Coinrail, totalling a combined $71.5M. So let’s to take a step back and analyze the history of cryptocurrency hacks.

We created our new graph by taking data from CryptoAware.org, which recently published a list of highly significant crypto hacks and scams. There’s no central record keeper for this sort of thing, so CryptoAware undoubtedly missed some. We combined a cluster graph representing the size of the hack on a timeline with the logo of the exchange or wallet provider that fell prey. This approach lets you easily see how often and to what extent the crypto-market has sustained attacks over the last several years.

A general trend is immediately obvious about our visualization: cryptocurrency hacks have generally become more common and more valuable over time. $10M+ hacks started happening with some regularity after the summer of 2016, right when the crypto-market started taking off. Prior to that time, there was exactly one hack over $10M, the infamous Mt. Gox hack in 2014. More on that in a minute. The second-most devastating hack happened very recently in a Tokyo exchange called Coincheck, for the somewhat obscure NEM coins. The only other two cryptocurrency hacks worth more than $100M were Parity’s Ether wallet hack ($160M) and BitGrail’a Nano hack from early this year ($170M). The latter is still causing lots of consternation within the cryptocurrency community. All things being equal, the average crypto-hack comes out to about $37M.

The critical thing to remember about our graph is that it represents the value of the cryptocurrency theft at the time it occurred. This creates a fair comparison because the value of cryptocurrencies changes literally every second of every day. But keep in mind what this really means: the Mt. Gox hack represented $450M in crypto-wealth as of early 2014, back when Bitcoin cost about $560. As of this writing on May 1, 2018, those same Bitcoins are worth just over $9,000, or a total of about $7,252,000,000. Think that’s incredible? Back in December of 2017, the stash would have been worth $15B+. That’s 10% of the entire Bitcoin market captoday and several times bigger than the biggest bank robberies ever.

This raises two important questions. First, what would somebody do with so much cryptocurrency? Obviously, the value of the currency would plunge as news broke of such a massive heist. Since there is no central governing authority, it is relatively easy to launder cryptocurrencies through different exchanges, which makes it possible to convert the coins into a country’s accepted currency. Second, can cryptocurrency exchanges and wallet providers come up with some sort of system to prevent hacks without government regulations? The Wild West nature of cryptocurrencies—price manipulations, flash crashes, hacks—all indicate that these platforms have to do a better job securing value. Suppose 10% of the entire Bitcoin market were to disappear tomorrow. What are the chances that central governments will outlaw exchanges then?”

https://howmuch.net/articles/biggest-crypto-hacks-scams

#52 jason bey on 06.20.18 at 7:56 pm

If Canada/EU/China are giving as much as they get in their trading w/ USA (i.e, It’s fair, open trade), Why would they care if Trump curtails it? If the trade is fair, just go to open market.
The answer is simple, they were all getting the better part of the deal. If they weren’t, they would simply move on to door#2.
Trump laughs at all this huffing and puffing from T2, Merk atc ……. He knows the reactions prove his premise. They’re upset because the jig is up. If Cda could sell to Asia for same profit we’re reaping selling to USA, we would have simply moved on without all the drama.

#53 crowdedelevatorfartz on 06.20.18 at 8:05 pm

@#155 marcus off the map
“They are pissing off so many of their neighbors and destroying the sea-life in the West Philippine Sea.’
++++

While I agree that China is unbelievably arrogant in its contruction of a submerged reef into a manmade island and dubbed it ‘soveriegn territory” to foster a claim to the entire Sea 100 miles west of the Phillipines…..
( which goes against ALL Maritime Law)

I believe the Sea west of the Phillipines is called the South China Sea on most maps……

#54 crowdedelevatorfartz on 06.20.18 at 8:12 pm

@#15 ray
“the subject is an alien homo sapiens from the future. ”
++++

Thats kinda harsh calling time travellors from the Planet Sapien a derogatory word……
We live in politically correct times now dude.

#55 crowdedelevatorfartz on 06.20.18 at 8:14 pm

@#36 Brad
“Immediately withdrawn Justin Beaver and that screechy Celine woman???? Are you kidding me…leave them there!!”
+++++
100% agreement.
We’ll take Trump but they have to Keep The Beebs and Queen Celine

#56 The tax man on 06.20.18 at 8:16 pm

@26 Mike

You do realize you are to claim money going to/from the States at the exchange rate of the transfer dates for tax purposes. And if you invest in US$ You convert the trades to Canadian pesos 2 business days after the purchase and sell dates to calculate the gains, even if you leave it as US$. Finally if you make purchases, say a car, you are also supposed to figure out the taxes owed due to the exchange rate. So the falling/rising dollar is not quite as golden as you are implying, or I am inferring.

#57 crowdedelevatorfartz on 06.20.18 at 8:19 pm

Trumpetting the Apocalypse

My my my.
First it was “next year”.
Then it was “next month”
Then “next week”
“Tomorrow”

12 hours!

So tomorrow morning at 8am when I’m schlepping some customers over a coffee can I jump up on the table and scream, “We’re DOOOMED! The Kraken ! The KRAKEN!”
Then I can relax as the police haul my gibbering, giggling, drooling butt to the funny farm…..?

#58 KAC on 06.20.18 at 8:20 pm

Yeah but, but, but,

http://dailycaller.com/2018/06/19/photos-obama-immigration-detention-facilities

“Here Are The Photos Of Obama’s Illegal Immigrant Detention Facilities The Media Won’t Show You

Lost in the debate is any acknowledgment that President Obama’s administration also used detention facilities.
Current U.S. immigration laws, when enforced, have the consequence of temporarily separating adults who arrive with children into separate detention facilities in order to prosecute the adults.”

“Obama administration prosecuted nearly 500,000 illegal immigrants between FY 2010-FY2016. They referred 1/5 of illegals for prosecution, which often resulted in family separations.”

How does any of this justify breaking up families? Are you heartless? – Garth

#59 Tony on 06.20.18 at 8:24 pm

We all remember when Trump was elected and what happened to the Ontario and B.C. housing market when Trump stated he would kick all illegal immigrants out of America. The news today will put heavy downward pressure on housing in both provinces since all the speculators bought on Trump’s line about kicking all the illegal immigrants out of America.

#60 Tony on 06.20.18 at 8:32 pm

Re: #16 RentYVR on 06.20.18 at 5:54 pm

The smart money underestimated the stupidity of the people who purchased marijuana stocks north of the border in the first place. These stocks will get creamed.

#61 SoggyShorts on 06.20.18 at 8:42 pm

#27 Dave Ahem on 06.20.18 at 6:13 pm
If you intend to buy weed in Canada and also occasionally travel to the US, always buy your weed with cash. Your credit card info is shared across the border as is a lot of your banking and it will reflect the purchase of something that in the US is still federally illegal. It could potentially be used as a reason to ban entry if you lie about it and they find out.
********************************
How would doing something perfectly legal be a reason to ban entry to the US?
It’s illegal to drink under 21 in the US, so if you tell the TSA that you got drunk on your 19th birthday, would they ban you for that?
Kinder surprise are illegal in the US too, so would buying them in Canada be reason to ban you as well?

I was randomly selected a few years ago at the border and after some friendly banter the guy slipped in a quick “So when was the last time you smoked pot?” and I said “Around Christmas 4 years ago…. in Amsterdam”. He then asked if I had any on me, and I said no and that was it.
It’s possible that I was lucky, but I really wouldn’t understand being punished for doing something completely legal.

#62 50 YEARS OF MAPLE LEAF INCOMPETENCE! on 06.20.18 at 8:44 pm

Hey Toronturds – Loser Leafs tickets are already on sale for October!

Go for it, you pathetic dupes!!!

Meanwhile, more signs of what a deplorable sh*thole your sprawling wasteland is.

Just reported: Toronto has the WORST commutes in North America, 6th worst on the entire planet!!

http://torontosun.com/news/local-news/the-six-sixth-new-study-ranks-toronto-worlds-sixth-worst-commute

Tell yourselves again why your crapshacks should be worth $1 million in the city, or $700,000 in Oshawa…?

There is no place more disgusting and overrated than Toronto.

Not worth a fraction of the housing costs to live there.

#63 For those about to flop... on 06.20.18 at 8:45 pm

Recent sale report.

The realtor who sold this house has enough integrity to put the sale date and sale price up on his website, and so now I pass the information onto you guys…

M43BC

5115 Somerville st,Vancouver.

Sold on June 4th 2018

Asking 1.54

Assessment 1.46

Sold price 1.48

https://www.zolo.ca/vancouver-real-estate/5115-somerville-street

$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Feel free to make a donation.

Flop For Fox Fund…

http://www.terryfox.org/get-involved/ways-to-give/

#64 genbizx on 06.20.18 at 8:56 pm

I think what I want to think…current pc groupthink is for suck up, resume building, millennial limpos who parrot the latest spin and think they have original thoughts..so easy to manipulate….

#65 Shawn Allen on 06.20.18 at 8:59 pm

Where The Market Says the Canadian Dolalr is going

tcconarian said:

The loonie has a better chance to get to $0.85 than $0.65, over the next 12-18 months. I know this is ‘news’ to you, but Commercial currency traders’ positioning is actually very bullish right now (net long). They’re considered to be the ‘smart money’ – which makes your prediction just a meaningless guess and inconsequential (unless you’re actually short the CAD in which case you’ll be losing a bundle).

***************************************
I think you are right on 85 cents being more likely than 65 cents.

I am not sure what a commercial currency trader is, you may be referring to specualtors. Often the forwards markets are said to consist of hedgers and traders/speculators. The media often reports that “traders” are net long or net short. Well if ALL the trading participants including the hedgers (often called commercial traders) are counted, the market is never ever net long or short as every contract sold must have been bought at that same price and vice versa.

Anyhow, the best bet of where a currency or any other traded thing is headed in the short term is always that the current price reflects where it will go. (This leaves aside small impacts for the cost of storage or the impacts of different inflation in two countries or different interest rates).

If the Canadian dollar is 75 cents today, THAT is the consensus view of traders as to where it belongs and where it will be in the short term. If a majority of traders were bullish on the Canadian dollar at 75 cents it would already be higher.

At any given instant in time, in the net, the market is always neutral on the price of, well, everything, since if they were bullish or bearish they they would push the price up or down.

Individual traders can be bullish or bearish but the market overall should always reflect a neutral equilibrium price.

By the way, Leo Trollstoy is the one here who correctly called (or guessed) a decline in the Canadian dollar as far as I remember. “All U.S. dollars all the time” he has said for some months has he not?

Some others might have said something like go long CAD/US. but I never even know what direction that means particularly since currency symbols I believe use backwards math like I believe $U.S. / CAD means CAD per U.S. when normal math is the opposite.

I wonder how many genius forex traders have ever gotten confused and bet the wrong way by accident. I would bet many have.

#66 Skeptic ? on 06.20.18 at 9:00 pm

Regarding “Full employment” in the U.S this doesn’t include people that are no longer considered part of the labour force. Once there benefit for Unemployment runs out there off the books. There’s more like 100,000.000 people that are in this camp. Hardly full employment?
Plenty of walking stiffs looking for work using there severance to buy new suits all hoping to get back in the saddle. Employment numbers are working age adults that have jobs but what about the ones that aren’t working?

There are 330 million Americans, of whom 245 million are over the age of 16. You think 100 million of those (42%) are unemployed? Get help. – Garth

#67 Shawn Allen on 06.20.18 at 9:04 pm

Interfering in Another Country’s Election?

The Russian government probably tried to influence the U.S. election in 2016. ooh, what a crime!. The U.S. government would think nothing of coming out in favor of one side or the other in any election world wide. They even practice regime change by force.

In a reasonably free western world, anyone should be free to try to convince the population of any country to vote one way or the other. Just as Albertans were allowed to voice an opinion on the Ontario election.

P.S. Dear Americans, please dump Trump at the first opportunity.

#68 Blackdog on 06.20.18 at 9:06 pm

Bill C46 also just passed. Soon cops will be able to pull you over and make you take a breathalyzer without having any suspicions you may have been drinking. And if that isn’t bad enough, the new THC per se laws are completely UNSUBSTANTIATED by science. THC is NOT metabolized like alcohol and THC levels do not correlate nicely to impairment in the way that alcohol does. The regular cannabis user will likely be over the 2 nanogram limit (summary conviction) and 5 nanogram limit (indictable offence) days or even weeks after last using. The government has admitted as much, but does not care and is using the, ‘but it is a deterrant’ excuse. Many innocent people will have their lives ruined. What a sad day.

Then don’t use. – Garth

#69 Brian1 on 06.20.18 at 9:08 pm

Ad hominum? Trump = Hitler? This does not do justice to the 6mil Jews and other millions who were killed.

#70 ulsterman on 06.20.18 at 9:13 pm

“Recent sale report.

The realtor who sold this house has enough integrity to put the sale date and sale price up on his website, and so now I pass the information onto you guys…

M43BC

5115 Somerville st,Vancouver.

Sold on June 4th 2018

Asking 1.54

Assessment 1.46

Sold price 1.48”

Oops, that realtor is going to get a midnight knock on the door and be whisked away to a realtor re-education camp!

#71 Brian1 on 06.20.18 at 9:13 pm

Hominem.

#72 Blackdog on 06.20.18 at 9:17 pm

@Garth re: #68

So tell me the point of making something legal to use, if you cannot drive even when you are NOT impaired, based solely on the fact that you are a user?

#73 Blackdog on 06.20.18 at 9:19 pm

@Garth Turner re: #68 continued, Tell that to the medical marijuana users who must decide between driving and using their medicine despite never being impaired by it.

Is that you? Or do you use to get stoned? – Garth

#74 Stratovarius on 06.20.18 at 9:20 pm

DELETED

#75 Blackdog on 06.20.18 at 9:24 pm

Garth, I know you are anti-cannabis (despite the fact it is one of the safest drugs and MUCH safer than alcohol), but why do you approve of criminalizing innocent people because they are not like you, i.e. not anti-cannabis? Don’t get me wrong, I am as against true impaired driving just like everyone else, but not if it means we are hurting innocent people who are not impaired. There is no fact based evidence being used in the new THC per se limits. They do nothing other than identify who uses cannabis.

I think there are enough ways for people to be irresponsible, self-centred hedonists without adding another that is state-sponsored. Beyond that opinion, I have nothing to add. – Garth

#76 Blackdog on 06.20.18 at 9:31 pm

@Garth, I use it unofficially for medical reasons. In other words I do not have a prescription. It helps more and with less side effects than other medications I have tried. And because I use a small amount daily, I don’t get “stoned” or “impaired”, but no doubt even after a great night’s sleep would likely fail a THC per se limit test the next day despite abstaining for 12+ hours. Anyway, what difference does it make what I use cannabis for. My point is still valid. The THC per se limits do not equate to impairment and will ruin the lives of people who regularly use cannabis regardless their PERSONAL (and soon to be legal) reasons for doing so.

#77 Yorkville Renter on 06.20.18 at 9:35 pm

#62 – so much anger. life is about choices. why so angry and why poop on how someone else chooses to live, if it doesn’t affect you?

Toronto is a great city. Big for NA, small in the world…goldilocks

Yes, RE is way overpriced, but how people spend their money is their choice, so who cares? you live elsewhere – hooray for you.

I walk, bike or transit to work – takes 15 to 35 minutes.
I rent, total housing costs are just 25% of after-tax income.

hooray for me… and no one cares anyway

#78 crowdedelevatorfartz on 06.20.18 at 9:39 pm

If “50 Years of Maple Leaf Incompetance” and “Happy House Crash Everyone” are the same person……. my blackend soul just got a little brighter……..
God bless ya ya hate filled schizo nutter!

#79 Derrell on 06.20.18 at 9:40 pm

#15 Ray
Hahahahahahahhahahaha…..
I love that sh*t!

#80 mike from mtl on 06.20.18 at 9:41 pm

Regarding bill C46, funny how Quebec has been the only adult here expressing doubt about implementation, distrubution and extra enforcement.

Push back was from last year and at least for now more time is allotted.

#81 Millmech on 06.20.18 at 9:42 pm

#75
Hahaha
I’ll put money on it that in two years time everyone will wish pot was illegal again. There will be so many bylaws restricting its use that you will feel like all those horrible cigarette smokers.
You’ll be even more paranoid with that cop car behind you now for the next two weeks after that last puff.
Lawyers are already looking at legal issues with workplace accidents that if you cause an injury and are deemed to be under the influence you will now be held liable for injured workers claim.
Isn’t legalization great!!!!

#82 tccontrarian on 06.20.18 at 9:45 pm

#65 Shawn Allen on 06.20.18 at 8:59 pm

Where The Market Says the Canadian Dolalr is going

tcconarian said:

The loonie has a better chance to get to $0.85 than $0.65, over the next 12-18 months. I know this is ‘news’ to you, but Commercial currency traders’ positioning is actually very bullish right now (net long). They’re considered to be the ‘smart money’ – which makes your prediction just a meaningless guess and inconsequential (unless you’re actually short the CAD in which case you’ll be losing a bundle).

***************************************
I think you are right on 85 cents being more likely than 65 cents.

I am not sure what a commercial currency trader is, you may be referring to specualtors. Often the forwards markets are said to consist of hedgers and traders/speculators. The media often reports that “traders” are net long or net short. Well if ALL the trading participants including the hedgers (often called commercial traders) are counted, the market is never ever net long or short as every contract sold must have been bought at that same price and vice versa.

Anyhow, the best bet of where a currency or any other traded thing is headed in the short term is always that the current price reflects where it will go. (This leaves aside small impacts for the cost of storage or the impacts of different inflation in two countries or different interest rates).

If the Canadian dollar is 75 cents today, THAT is the consensus view of traders as to where it belongs and where it will be in the short term. If a majority of traders were bullish on the Canadian dollar at 75 cents it would already be higher.

******************************************

Commercial traders are entities who understand their business fundamentals and hedge their positions being long/short the commodity of their business (which includes currencies). Miners, for instance, produce metals and want to hedge against possible future declines in price – so they will sell a certain amount into the future NOT to make money, but to protect unfavourable movement in prices. Commercials actually deliver the product or take delivery of same – cause they either produce it (as miners), or consume it (as a car manufacturer would).
Speculators, on the other hand, care not about fundamentals and/or the product – they just want to buy/sell the contracts for profit. Additionally, ‘speculators’ are divided into “large” specs or “small” specs.

So, whenever I see Commercial traders unusually bullish (or bearish), I pay attention because they’re the most knowledgeable. Similarly, when speculators are in a ‘crowded’ trade (extreme positioning long or short), I want to take the other side of the trade – that’s what being ‘contrarian’ is all about. Identify where the ‘dumb’ money is concentrated and do the opposite. There a mathematical aspect that a majority of the least informed investors profits from the (smart) minority.
Apply all this to the RE market in YVR or Toronto, and you’ll agree that in Spring of 2017 there was an extreme bullishness just when the market was peaking. Works in all markets.

TCC

#83 Blackdog on 06.20.18 at 9:46 pm

@Garth. Wow. I think you are extremely narrow minded regarding your views of cannabis. You obviously know very little about it. And it is sad that you appear to feel it is OK to criminalize innocent people who use cannabis but do not drive impaired.

#84 akashic record on 06.20.18 at 9:47 pm

It has been demonstrated, that the initial motivation of banning cannabis was racism.

#85 B. Todd on 06.20.18 at 9:47 pm

DELETED

#86 Weed Business on 06.20.18 at 9:48 pm

I could never understand how this all came about unless T2 was pandering for the millennial vote. I have no problem with medical controlled weed which is strictly regulated. All the other options legislated goes way beyond the norm, and disapprove totally because there is going to be consequences forever. These companies switching horses into growing weed are in for a rude awakening one day – mark my words!

#87 Darel on 06.20.18 at 9:51 pm

#65 Shawn

Simple can be wrong but simple can give some truth.
Based on productive efficiency the CND should sit at .65 USD. Add some fog from trading and BOC input we are artificially high.

#88 AB Boxster on 06.20.18 at 10:05 pm

Blackdog on 06.20.18 at 9:19 pm

Tell that to the medical marijuana users who must decide between driving and using their medicine despite never being impaired by it.

_———————————————
There is not one study that shows any medical benefits of smoking dope.

Maybe we should be allowed to start using medical alcohol without issue too.

#89 crowdedelevatorfartz on 06.20.18 at 10:06 pm

Uh Oh.
This week’s Economist (Jun16-22)
Front Cover: Kim Jong Won
next to it under a sub heading “Canada’s vunerable Economy”……
Page 28 ‘Breaking a few eggs”.
tariffs, Trade war, NAFTA, Supply Management, Dairy, Farmers, etc.
Everything in the article has been voiced by Garth or blogdogs.
But now its a world wide audience of investors…..
Canuck Buck to $0.70 by Christmas?

#90 Willy H on 06.20.18 at 10:10 pm

#66 Skeptic ? on 06.20.18 at 9:00 pm

Regarding “Full employment” in the U.S this doesn’t include people that are no longer considered part of the labour force. Once there benefit for Unemployment runs out there off the books. There’s more like 100,000.000 people that are in this camp. Hardly full employment? ……

There are 330 million Americans, of whom 245 million are over the age of 16. You think 100 million of those (42%) are unemployed? Get help. – Garth
__ __ __ __

Full employment statistics are based on 60-70 year old metrics that have become “franken-stats”.

“The answer is, we’re not at full employment. This is a dangerous myth.

Amid all the good news about jobs in April, one bit of bad news stuck out: The labor force participation rate actually fell to 62.9% as 162,000 people left the workforce, and we’re still at the lowest level since 1979. Since the supply of labor is about 100,000 a month, that means more people are leaving the workforce than entering.

All told, there are 254.6 million people in the potential workforce. But just 160.2 million are working. That leaves a record 94.4 million potential workers.

The New York Times’ Ben Casselman narrows it further, reporting that 78.6% of the 25-54 year old population — the prime working age — is employed. In 2000, that number was 82%, with little or no inflation, and it was still above 80% before the recession. So we’re below the recent norm.

Even if you go by the Labor Department numbers, the labor market slack is quite large. At the official rate of unemployment, 4.4%, there are just over 7 million unemployed and available for work. But at the broader jobless rate of 8.6% we mentioned above, which included not just the unemployed but discouraged and underemployed workers, that grows to nearly 14 million.

You get the picture.”

https://www.investors.com/politics/commentary/is-america-at-full-employment-not-even-close/

#91 Steve French on 06.20.18 at 10:31 pm

Trump and his supporters can go to HE double hockey sticks.

Any Trump supporter is no friend of mine.

Trump is deranged and evil. He will bring the whole civilised world down with him.

Trump and his gang are now officially my enemies.

Unfortunately, that includes you Smoking Man. I formally rescind my offer to have a beer with you at Casino Niagara.

Canada needs to wake up– America is imploding before our eyes.

America is **not** our ally– in fact the US is a dangerous rogue state. This is a very dangerous moment in history.

Time for Canada to go nuclear. And I’m not joking.

——-

Former U.S. ambassador to Canada: “The Trump administration hates everything Canada represents”

https://www.bnnbloomberg.ca/the-close/trump-hates-everything-canada-represents-former-u-s-ambassador~1420584

#92 AB Boxster on 06.20.18 at 10:34 pm

So Trump fixes the issue.
Congress does nothing because Democrats want open borders.

Now the left is complaining that Trump is detaining whole families at the border.

What inhumanity.

Detaining illegal immigrants who are breaking the law.

Better to free them all and let them lose into society, never to be found again. Like Canada does with it’s tough immigration policy known as “we have no border policy so if you can get here we’ll never deport you, but we hope you will be a sucker and try to get in through legal means.”

Otherwise known as Canada’s virtue signalling (open) border policy.

The left are such hypocrites.

#93 Nick on 06.20.18 at 10:35 pm

I think legalization is great. Why waste a bunch of money on the “war on drugs” and instead make some money and keep people out of jail. Seems like a win-win. What is the difference between a beer and some weed, to me, not much. I think with weed a lot less people will be killed by DUI’s and less wives will be abused. Just my take.

Why? Because you believe people will switch from alcohol to drugs? – Garth

#94 MF on 06.20.18 at 10:40 pm

“I think there are enough ways for people to be irresponsible, self-centred hedonists without adding another that is state-sponsored. Beyond that opinion, I have nothing to add. – Garth”

-Agreed. I will add that non users will now be subjected to the stench and possible adverse effects of second hand MJ smoke a lot more. There are zero positives in that regard.

Also, the legalization is targeted to recreational users. The majority of users are recreational anyways, so when these people try to tout the medicinal uses of MJ it’s a totally moot point.

Blackdog on 06.20.18 at 9:

-People can do whatever they want. They want to smoke and harm themselves go right ahead. That’s why I support the legalization. What I have a problem with is other people’s drug use affecting my safety and quality of life. Anyone driving under the influence is a risk to me. Therefore users should be treated differently when it comes to driving. Remember we non users are giving you a gift by allowing the legalization of this trash. You can’t have it all.

MF

#95 Bob Dog on 06.20.18 at 10:40 pm

Unreal .. The insane policies of the US gov are separating children as young as 4 from their parents and the absurd policies of Canadian gov are reuniting children as old as 27 with their parents.

/RimShot……

#96 Boned on 06.20.18 at 10:42 pm

#8 four finger Watson

Ya good plan, let’s piss off the US even more. Let’s play hardball with one of the biggest (or the biggest) economic powerhouses in the world. This all started because that selfie goof thought he was a major player when he is just a clown. But hey, at least we got oil and weed right. I’m sure things will just be boomin north of the boarder lol

#97 Brian1 on 06.20.18 at 10:44 pm

I too am anti cannabus. It ruins the mind,not enhances it.

#98 WARREN BUFFETT on 06.20.18 at 10:51 pm

I GOT RICH BY being patient and ignoring the fake news.

You can do it too.

#99 viorelli on 06.20.18 at 10:57 pm

It is of course wrong to separate children from parents as it traumatizes the little ones. Anyone who has kids would obviously understand. We must show compassion and humanity. Nevertheless, a nation will stop being a nation when it is overrun by hordes of unwanted (illegal) migrants. Same migrants who lack the proper qualifications of getting into the country legally and become a further burden to the tax paying citizenry. Israel built a wall with snipers positioned on it to stop the flow of migrants from Africa, as the country of 5 million can only afford to pay so much for the welfare of others. Try crawling into Russia from Kirgystan (you will be shot), try getting into China from Bhutan (you will be shot), try going to Japan illegally and get on social assistance (you will be flown back very quickly). Most of the countries in the world have no welfare, free healthcare, no refugees welcome mantra. The only ones are wealthy European states, USA, Canada, Australia, and NZ. We must tread very carefully here, sure some people must be helped but the nations interests cannot be sacrificed for the well being of every underprivileged person of this planet, it is simply impossible.

#100 MF on 06.20.18 at 10:58 pm

#91 Nick on 06.20.18

You are correct. The financial benefit is the main positive outcome of legalization. The other minor one is to have dealers go bust. But that is basically it.

The difference between alcohol and MJ is unimportant. There is a lot of overlap between drug users in general (both alcohol and MJ are drugs), and both drugs are going to attract a similar type of person who will use regardless of legalization.

MF

#101 Steve French on 06.20.18 at 11:08 pm

Collapse is what we know. The grim facts of American life over the last decade or so. Americans with less then $500 in savings, who’ll never retire, with falling life expectancies, crippled by debt, working to prop the very inequality that is sapping their lives away. Collapse is an economy turning predatory, a polity that is paralyzed, and society whose bonds have imploded. Collapse is an opioid epidemic, school shootings, and Fox News.

But this? This is very, very different. Camps. Kids. Hitler-esque communiqué. The wise men of the land suddenly heatedly arguing if Americans are really Nazis, in thought and habit now, or just Nazis in an action here and there. Mass protests being planned. A rising sense that this is not normal, not “who we are”, a sense of shock that “it” is happening here. And it’s all happening so fast, so quickly, one unbelievable event after the other, that there’s no time to think about it, process it, reflect on it.

And so there is an atmosphere of panic and despair, of confusion and bewilderment suddenly, isn’t there? It’s as if an invisible thread snapped, that was holding the country together, suddenly. And now nobody understand how we got here, what it means, or where we are going.

https://eand.co/how-american-collapse-is-becoming-american-implosion-d22e9779ff17

#102 paulo on 06.20.18 at 11:18 pm

I hope our goverment is taking the trumpsters threat of
waging a economic war against our country seriously.

Time to get creative and think outside of the box:
we will have to reach out and form new alliances and trade agreements for the sole benefit of Canada.

If the clown imposes a tariff on Canadian built cars and
auto parts we should immediately respond with reciprocal tariffs on anything with wheels ,keels,wings or rooters manufactured in the united states.

the keystone XL pipe line should be suspended. the priority should be installing pipelines to our east and west coasts,and building refineries to complete end user petrol chemical product in addition to gas and diesel. maybe we could cut a deal with china to assist and build it in return for long term preferred supply agreements, i bet the Chinese would be interested!

As we have a free trade agreement almost implemented with the EU, why not consider becoming a full member of the EU another 33 million added to the current 750 million would make them and us stronger, not to mention the mutual trade possibility’s and the fact we can acquire all of the manufactured goods we require essentially duty free,and get access to free movement
of ourselves within Europe lots of benefits.

just a few thoughts but we have options and need to stand up to this idiot and should!

Ok let the steerage section comment

#103 viorelli on 06.20.18 at 11:20 pm

https://www.reddit.com/r/vancouver/comments/8sb1oe/im_not_sure_what_this_realtor_expects/?ref=share&ref_source=link

Things are heating up in the Best Place on Earth again?

#104 Robbie on 06.20.18 at 11:31 pm

#31 Grammar Police
Garth forgot the “Oxford comma”!

#105 Mike on 06.20.18 at 11:37 pm

I think there are enough ways for people to be irresponsible, self-centred hedonists without adding another that is state-sponsored. – Garth

But why is it state sponsored? TAXES!! The gov’t is running out of new and inventive ways to tax.

#106 Nonplused on 06.20.18 at 11:48 pm

Hmm lots of subjects today.

First the immigrant kids. I’m pretty sure it was enforcement of existing laws that caused the problems. Mom and dad were being detained, so what are you going to do with their kids? Also some of them were crossing unaccompanied. Do you just let them wander around America trying to make a way for themselves on their own?

But anyway Trump seems to have done a good turn by addressing the situation. Better late than never I suppose. But this is the way it is for Trump, even when he does the right thing, it’s the wrong thing. They don’t call it Trump derangement syndrome for nothing.

Trump said he was going to solve the North Korean problem. So far he hasn’t, but he did met Kim Jong-un we must assume to see if a non-violent solution could be entertained. Obama never did that. And what does the media say? He’s a Russian bath boy that is soft on dictators. Can’t you see the pattern here? What ever he does is wrong even when it’s right. Someone was going to have to go and meet Kim eventually. I probably wouldn’t have picked Trump, Obama should have done it, but it was left undone.

I liken it to my son’s soccer game tonight. The ref didn’t show up, so I was asked to do it. That’s what you get when a job get left undone, an inexperienced volunteer has to do it. Somebody’s got to do it.

As for the trade wars, I really see them as a way to try and raise tax revenues, nothing more. They are nothing more than another example of the way governments are desperate to increase revenues any way they can. They are not different than a carbon tax or a GST or all the new fees and taxes on housing. Peter Pan (JT) loves the idea of a trade war because he can raise taxes. Otherwise he would be working the fact that the US has a trade surplus with Canada a little harder. I mean how important is it to protect the Canadian dairy quota system in the scheme of things? Who does it benefit? A handful of dairy farmers is all. And the quota system is meant to protect them from each other more so than from imported cheese. It’s a cartel. It should go. And given how much quota costs it’s not clear it even helps the farmers.

Trump is starting from a very simple premise that may in fact be defensible: The US trade deficit is unsustainable and must be fixed. Are tariffs the way to do it? I don’t think so, but he sure as hell has started a conversation. And I don’t think it’s unreasonable for him to go after every area where there are tariff or regulatory restrictions that put American suppliers at a disadvantage, even if the baby (Canada) is getting thrown out with the bathwater. We aren’t selling any Canadian built cars in Japan either.

Now on to pot. I personally don’t care if they legalize pot, as long as people aren’t allowed to drive around or operate machinery half-baked. The other side of legalization is that it has to be treated like alcohol when it comes to driving and such activities. It does cause impairment. And nobody, even the medical users, use it without the intent of getting high. Maybe not Chech and Chong high, but high. It’s not a food byproduct like wine, where you might have one glass with dinner. But you aren’t supposed to drive if you are taking T3’s either, so legalization is fine as long as we can have a reasonable discussion about what stoned people are and are not allowed to do while high.

#107 FOUR FINGERS WATSON on 06.20.18 at 11:58 pm

#96 Boned on 06.20.18 at 10:42 pm
#8 four finger Watson

Ya good plan, let’s piss off the US even more. Let’s play hardball with one of the biggest (or the biggest) economic powerhouses in the world. This all started because that selfie goof thought he was a major player when he is just a clown. But hey, at least we got oil and weed right. I’m sure things will just be boomin north of the boarder lol
…………………………..

You can bend over and bite the pillow if you like. Some of us would not go quietly into the night.

#108 Spock on 06.21.18 at 12:03 am

These folks are risking their kids and are abusing the laws. Having said that I do not understand the motivation USA has in keeping the kids. Why not just send them back with the parents if parents are deemed inadmissible.

I heard there is a law that the children cannot be tried in the same way as adults are tried in court.

Maybe Congress can find a way but I would not hold my breath.

Obama seems to have got off easy on a number of things while Trump is like a lightening rod attracting all the news makers.

#58 KAC on 06.20.18 at 8:20 pm
Yeah but, but, but,

http://dailycaller.com/2018/06/19/photos-obama-immigration-detention-facilities

“Here Are The Photos Of Obama’s Illegal Immigrant Detention Facilities The Media Won’t Show You

Lost in the debate is any acknowledgment that President Obama’s administration also used detention facilities.
Current U.S. immigration laws, when enforced, have the consequence of temporarily separating adults who arrive with children into separate detention facilities in order to prosecute the adults.”

“Obama administration prosecuted nearly 500,000 illegal immigrants between FY 2010-FY2016. They referred 1/5 of illegals for prosecution, which often resulted in family separations.”

How does any of this justify breaking up families? Are you heartless? – Garth

#109 WillSC on 06.21.18 at 12:06 am

Black Dog
Garth

I am seriously concerned that that with lack of science in the training of police and random spot checks some officer is going to charge me because with damaged knees and arthritic ankles I am physically unable to walk heel to toe. But the “specially trained” officers are considered expert witness in Canada. They use the old sobriety tests from years ago and by their say so alone
you are considered under the influence whether or not
you have in fact taken anything at all.

#110 Where's The Money Greedo? on 06.21.18 at 12:06 am

Re:
#5 MF on 06.20.18 at 5:13 pm
I actually support legalization now.

I mean sure it causes brain damage, makes people lazy, disrupts brain development in utero, and smells like crap but the government should not dictate what behaviours people engage in.

Cigarette and alcohol destroy lives and are legal money generators so should weed.

Make sure to tax the hell out of it because smokers (recreational users) are addicted and will pay regardless. This will provide tax revenue. Make the tax like 60%.

Lastly, the dealer scum bags will be out of work and have to actually find a real job.

There are actually a lot of positives.

MF
++++++++++++++++++++++++++++++++++++
Actually, people will NOT pay $10/gram for the stuff when they can get it right now for half that price….and falling.
Vancouver’s last 420 demo, guys were selling ounces for $100, under $5/gram.
In Oregon right now it’s selling for $1.50/gram.
Hope no one bought pot stocks and if you did, better get out while the gettin’s good.
In Vancouver on CKNW radio last week there was a phone-in about who would switch to legal sellers and pay $10/gram and every one said they would stay with their present dealer because why would they pay double just to smoke-eat-whatever legal dope.
It’s all about the $$$$$.
Another fail by the idiots in Ottawa.
Also, there is rumours around that the Hells Angels have positioned themselves in legal sales, which the gov’t denies.
Well I say prove it!!!!
All the way back in 2001 when the BC Lieberals first got into gov’t in BC the RCMP made a big splash by saying that organized crime had infiltrated the legislature. They were quieted by a new 20 year gold-plated contract along with a $billion headquarters with their own bar!!!!! How many people have a bar at their place of work?
Their excuse was they had to hold conferences!?!?!?! WTF!!!!
Next I guess they are going to demand a hookah room, at a cost of $1 billion…..Since dope is legal as of October……
Maybe that’s what Trump was alluding to about Canada being a security risk.
Just cite the ship full of coke found off the BC coast that the RCMP railroaded for the Hells Angels: https://thetyee.ca/News/2004/04/26/Fishing_for_Cocaine_with_the_Hells_Angels/
https://gangstersout.blogspot.com/search?q=Western+Wind
Canada is a money laundering, dope smuggling, passport selling, human trafficking paradise for the world’s underworld starting when BC sold all that False Creek land for a song. The world saw then that Canada was for sale, and sure enough they bought it up for pennies on the puny $C dollar.
Queue the rise of Gordon Campbell, with insiders like “The Condo King” Bob Rennie cornering the market and becoming the BC Lieberal chair of the Liberals’ fundraising committee and their 2017 election chair.
Just look at the Federal gov’t piggybacking on it lately, with all those trips to Asia-including the present BC Premier. Wasn’t his first trip to China?
We’ve been raped and sold, just like a trafficked human.
http://commonsensecanadian.ca/rich-elites-took-bc-liberals-welcomed/
http://theprovince.com/news/bc-politics/premier-christy-clark-happy-to-praise-b-c-s-booming-economy-but-cost-of-living-is-booming-too
https://commonground.ca/big-money-corrupts-politics/
https://gangstersout.blogspot.com/search?q=skeletor

#111 Nick on 06.21.18 at 12:14 am

Yes, I believe a portion of people will switch from alcohol to cannabis. There’s a lot of drunks who have likely never tried cannabis due to it’s illegality. Brian1: Let’s not pretend that alcohol is good for the brain either. I’m not saying cannabis is medical in any way but I’m not sure it’s any worse than alcohol. I know some pretty successful drinkers and recreational users, so maybe we can all spare a few brains cells. Either way, this is coming our way and we will have to deal with it. I’m keeping an open mind and think the positives outweigh the negatives.

#112 For those about to flop... on 06.21.18 at 12:16 am

Pink Pollen falling in Maple Ridge.

In probably my last batch of Pink Pollen posts for the year let’s revisit this case.

By Greater Vancouver standards it is relatively affordable for a new house,yet these guys have been trying to exit the market since December 2017.

Maple Ridge is one of the last positive holdouts on zolo ,but it isn’t making a difference for these guys ,while inventory is exploding and sales are stalling in Maple Ridge ,like a lot of the other municipalities.

1.24m will get you a starter home in Vancouver proper ,or you can have a painful commute with exorbitant gas prices to get one with not much dust on it.

You choose,your choice…

M43BC

Back on ,now asking 1.24

13662 Mckercher Drive, Maple Ridge paid 1.18. August 2017 ass 1.21

Dec 11:$1,225,000

Jan 3: $1,199,900
Change: – 25100.00 -2%

https://www.zolo.ca/maple-ridge-real-estate/13662-mckercher-drive

https://www.bcassessment.ca/Property/Info/RDAwMDBIVEhOOA==

$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Feel free to make a donation.

Flop For Fox Fund…

http://www.terryfox.org/get-involved/ways-to-give/

#113 mO on 06.21.18 at 12:18 am

Seriously. A lot of this would have been avoided if manipulative, brain-rotting Social Media didn’t exist.

Jaron Lanier is telling us to delete social media from our lives…

https://bankreboot.com/2018/06/20/jaron-lanier-how-to-fix-the-internet/

#114 Cdn Mom on 06.21.18 at 12:40 am

Weed stinks, weed sucks, I hate Trudeau, but…

The day that cannabis store opens up in my Ontario city, I will be first in line to buy two bottles of CBD oil. One for me, one for my adult kid. For 20 years, my city has been deficient in family physicians. Many of us have been stuck with useless nurse practioners, unwilling to refer patients to specialists, or prescribe anything more than an antibiotic.

I’ve got an adult kid with more than a decade of swallowing issues the NPs won’t refer on for assessment, which has caused a full-blown state of anxiety, and she’s close to 100 lbs now. She hates feeling altered, won’t drink, what other choice do I have to help her? No specialist local to assess her, no referral. At least I can give her some CBD oil to bring her back down from the unrelenting anxiety, while I search for some responsive healthcare for her.

The other bottle is for me. I haven’t slept normally or properly since I was 8, and I’m now 52. Family thing…Grandma, Dad, Aunt, me. Aunt (age 80) has to pull teeth from her doc just to get something to sleep properly for the days she must be awake early for appointments. Might become addicted you know. To SLEEP?! Isn’t everyone addicted to sleep?

I know CBD oil works for sleep because it was prescribed for my sister in law suffering from Lupus. She stopped using it because it cost her $300 a month. Hopefully with full out legalization that price may drop a bit.

CBD oil, apparently, has no high, since the THC level is near zero. Nothing hedonistic about sleeping, getting rid of pain, or anxiety. Any nothing hedonistic about not wanting to buy stinky weed from a street dealer. We don’t want the high, we want the result.

Go legalization!

#115 Andrewt on 06.21.18 at 12:46 am

#94 MF on 06.20.18 at 10:40 pm
“I think there are enough ways for people to be irresponsible, self-centred hedonists without adding another that is state-sponsored. Beyond that opinion, I have nothing to add. – Garth”

-Agreed. I will add that non users will now be subjected to the stench and possible adverse effects of second hand MJ smoke a lot more. There are zero positives in that regard.

Also, the legalization is targeted to recreational users. The majority of users are recreational anyways, so when these people try to tout the medicinal uses of MJ it’s a totally moot point.

Blackdog on 06.20.18 at 9:

-People can do whatever they want. They want to smoke and harm themselves go right ahead. That’s why I support the legalization. What I have a problem with is other people’s drug use affecting my safety and quality of life. Anyone driving under the influence is a risk to me. Therefore users should be treated differently when it comes to driving. Remember we non users are giving you a gift by allowing the legalization of this trash. You can’t have it all.

MF

You didn’t give anyone anything. Grow up.

#116 Yorkville Renter on 06.21.18 at 12:48 am

#94 – again with the smell…

here’s what will happen – nothing will change, not for some time. The stigma doesnt disappear overnight, those who use will continue to do so – prohibition failed, this is a better solution.

new users will likely use vaporizers or eat it when that’s widely available (no smoke, no smell)… it’s unlikely people will smoke it if there are alternatives, because it’s still smoking (and smells and hurts the lungs).

overall, still better than booze

#117 Linda Wheaton on 06.21.18 at 12:48 am

Drug gangs, drug pushers, and anything else that goes with it are everywhere now. They get the kids hooked, intimate people who speak out, claim territory.

Had a mother knock on the door, mentioned to me about her son playing across the street, felt he should not play over there. I replied that was a good idea. She said what, I repeated myself. Never saw that kid again. Other kids, not so lucky.

I mention this to say that kids get used, one way or other. Not nice. But it is the adults that control the youth.

We do have laws; we do have borders and most of us respect that. It is the unlawful that abused the children and the law.

#118 So glad I sold on 06.21.18 at 12:51 am

Wow, there are still 48 condos for sale at Vancouver House-1480 Howe Street. Thought it was sold out. The prices range from mid 600s to millions. Looks like these people are trying to sell before they take possession. Good luck on that. With the new regulations for the stress test, pretty sure some of the units won’t sell and the purchasers will be sued by the developer.

#119 For those about to flop... on 06.21.18 at 12:56 am

Pink Pollen falling in Coquitlam.

Well ,as we move towards the summer solstice and by the time you guys get this message ,these guys as of today will have a Pink Lemonade stand out the front of their house.

Picked up for 1.27 during Spring Fling 2016,they have been trying to pass it on to some innocent bystanders since last August with no luck as yet.

Just like the last listing in Maple Ridge ,they took it off the market and reassessed their options,after over paying with such a low assessment ,it is hard to see these guys not taking a substantial percentage loss.

Since mid 2016 ,in large parts of the city,buying a detached,wait a year ,and then try to flip it for a vast profit has not been the Holy Trinity for a lot of people…

M43BC

Back on ,still asking 1.19

415 Trinity Street, Coquitlam paid 1.27 ass 1.19 March 2016

Aug 9:$1,298,000
Sep 21: $1,199,900
Change: – 98100.00 -8%

https://www.zolo.ca/coquitlam-real-estate/415-trinity-street

https://evaluebc.bcassessment.ca/property.aspx?_oa=QTAwMDAzWEZKRQ==

$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Feel free to make a donation.

Flop For Fox Fund…

http://www.terryfox.org/get-involved/ways-to-give/

#120 paulo on 06.21.18 at 12:59 am

smoke and mirrors:
some thoughts on the legalization of weed.
having grown up in the Flower power generation,about a half of my friends partake in using it on a recreational
basis,usually very responsibly,at home in small amounts.

my take on this is that the folks that are inclined,will continue to do so,with out the hassle of running afoul with the law,likely grow there own now that they can.

i do not see a epidemic of pot heads flourishing out of this,there will always be a small number of stoners that will live for it,and the casual users. as far as the medical farce,lets face it when your stoned nothing hurts,a few shots of good scotch has the same effect.
otherwise no big change other than making it tough for the hoods in the hood to make a buck.

from a investor point of view, grow operations look like risky biz,the ones that secure goverment supply contracts to provide product will do ok and likely provide a decent but not exceptional return on investment.

personally i will look at companies that provide the equipment required to produce weed on a small scale ie
home growing within the legal parameters as having the biggest benefit and roe in the short term.

you might also look at companies that provide road side test kits for law enforcement,maybe some gold there.

otherwise this whole thing is a smoke a mirrors event
but i expect the ramifications will become apparent soon enough more steak for the legal litigation set.

#121 Andrewt on 06.21.18 at 1:07 am

I’d like to add one more comment on the pot issue.

Anyone that has wanted to try it, believe me, has already tried it.

Anyone that smokes it regularly has been doing so also.

Anyone who may be driving stoned already has been.
I’m not justifying it- impairment is impairment- but the roads are not about to become less safe.

Anyone who prefers alcohol over pot or vice versa, or prefers neither, has already made their choice.

Smoking in public will remain illegal in practice, but the old unwritten code of time, place and manner will prevail.

The only thing that will change is that possession will no longer be illegal, and companies can market openly to a consumer base that already existed. The government will have another sin tax cash cow.

In short: Nothing is going to really change that much because of this in society.

#122 PeterfromCalgary on 06.21.18 at 1:07 am

The problem is not Trump it is our trust fund baby Prime Minister who never had to negotiate anything. Trump spent most of his life swimming with the sharks in New York real estate and building great things. Trudeau spent his life accomplishing nothing of any substance and was elected because of his last name. Who do you think will be a better negotiator?

#123 Bdwy sktrn on 06.21.18 at 1:14 am

97 Brian1 on 06.20.18 at 10:44 pm
I too am anti cannabus. It ruins the mind,not enhances it.
_________________
I’m a daily user, morning noon and night. 30 years now. Still can do engineering calculus effortlessly. Making more money and better market calls than I have in the 20 years since I quit my job (at 31) Still can’t find anyone to play jeprodary with, my brothers, a lawyer and a doctor combined can maybe get 30%, heck I can even smoke them in categories related to their occupations. Started with 0.00 in 1993 and closing in on 4m net worth. Did I mention my last job was in 1999. Healthy, happy and fulfilled in every way. the kid will be on 10k ubc scholarship because I teach her math and science. Life could not be easier or more fun. If that is a weak/ruined mind then sign me up!

#124 Dolce Vita on 06.21.18 at 1:24 am

#9 Doug t

Your list forgets:

MACRON.

You know, the guy who cries foul at Italy for very recently closing its ports to Migrants yet, sends his Border Control Agents to Italian train stations to detain Migrants on otherwise inbound trains to France [yes, on Italian soil without prior notice], has closed his ports to Migrant bearing ships, NGO or otherwise AND has forced Ventimiglia to become an armed camp because of his love for Migrants.

Of course, the N. American MSM do not report this about their new found darling Macron [he cannot sin as long as he stands up to Trump].

Conte just got in [June 1, 2018], how does he make your list?

Then again, you are probably relying on N. American MSM for your knowledge, that being true, it does not matter.

#125 Dolce Vita on 06.21.18 at 1:38 am

#8 FOUR FINGERS WATSON

Yes, I have often thought that too and for decades [on shipping oil to other countries and receiving more cash than we get from the US].

And not for sticking it to the Americans, to make Canada more competitive rather than lazily shipping everything South of the border and gerrymandering the dollar when necessary to boost exports – not exactly competitive productivity enhancing measures.

Then again, people forget or simply do not know that in the early 1950’s when NO Canadians would invest in Alberta’s nascent oil industry it was the Americans that came then, invested and built up AB’s oil industry infrastructure [after the Leduc oil find in ’49].

The average selling price [or cost, I cannot remember on this] of conventional crude then was $1.50/bbl. Alberta’s was $4.50/bbl.

Yet, the Americans came anyway as they were forward thinking, unlike Canadians of the time.

We do owe them a debt gratitude for that and I am sure that we have paid that debt off many times to them.

I agree we should export more to foreign nations for that will make Canada more competitive and productive, but not for reasons of spite because of Trump.

#126 meslippery on 06.21.18 at 2:13 am

#33 Trumpocalypse2018 on 06.20.18 at 6:35 pm

12 HOURS UNTIL THE SUMMER OF HELL BEGINS !!!!!

PREPARE.

NOW.
—————————-
Why did they ban short skirts?

#127 KAC on 06.21.18 at 2:28 am

Yeah but, but, but,

http://dailycaller.com/2018/06/19/photos-obama-immigration-detention-facilities

“Here Are The Photos Of Obama’s Illegal Immigrant Detention Facilities The Media Won’t Show You

Lost in the debate is any acknowledgment that President Obama’s administration also used detention facilities.
Current U.S. immigration laws, when enforced, have the consequence of temporarily separating adults who arrive with children into separate detention facilities in order to prosecute the adults.”

“Obama administration prosecuted nearly 500,000 illegal immigrants between FY 2010-FY2016. They referred 1/5 of illegals for prosecution, which often resulted in family separations.”
—————————————————————————-
How does any of this justify breaking up families? Are you heartless? – Garth

—————————————————————————-

Not heartless, just expecting foreign lawbreakers to get the same treatment as US citizens who break the law. Should we release all criminals whose prison sentence separates them from their children, or should we incarcerate the children with their parents?

The other option, which seems to appeal to morons who haven’t thought it through, is get rid of all borders and allow free movement of all people from everywhere in the world.

For just a small sample of how well that works, check out the results of slack border controls in Europe. Sweden is a good example. Google crime in Malmo.

#128 jane24 on 06.21.18 at 2:35 am

I don’t understand how pot stocks will make money and the Cdn govt make massive taxes from pot sales. If tomatoes went way up in price you would grow your own. Same thing. Hard to build a private distillery for booze manufacture, hard to grow your own baccy in Canada but dead easy to grow pot on the kitchen window cill. Most students have already done it since the 1960’s.

#129 Yvrmc on 06.21.18 at 3:19 am

#91 Steve Steve Steve,( heavy sigh ) “ time for Canada to go nuclear “ you need different meds.

#130 Myra Andrews on 06.21.18 at 3:35 am

Greater Vancouver Stats from realtor Paul Boenisch

June 20 New 224 Sold 119 TI: 12,744
June 19 New 268 Sold 152 TI: 12,715
June 18 New 285 Sold 149 TI: 12,699

June 15 New 179 Sold 140 TI: 12,637
June 14 New 306 Sold 104 TI: 12,679
June 13 New 278 Sold 134 TI: 12,533
June 12 New 318 Sold 106 TI: 12,477
June 11 New 372 Sold 131 TI: 12,368

June 8 New 202 Sold 108 TI: 12,271
June 7 New 232 Sold 117 TI: 12,226
June 6 New 295 Sold 156 TI: 12,154
June 5 New 359 Sold 101 TI: 12,105
June 4 New 376 Sold 117 TI: 11,942

June 1 New 224 Sold 105 TI: 11,817

Inventory at the end of:
May- 11,975
April- 10,459
March- 9,032
Feb- 8,211

#131 Howard on 06.21.18 at 5:14 am

Carole James is badass.

B.C. Government to launch registry of who owns real estate in province

https://globalnews.ca/news/4286029/b-c-government-to-launch-registry-of-who-owns-real-estate-in-province/

“In order to prevent tax evasion, fraud and money laundering, the provincial government needs to end hidden ownership, ensuring the ability to look through legal entities, like offshore trusts, and find out who is behind them.”

#132 Brian1 on 06.21.18 at 6:10 am

“In 1997 the federal government made an agreement in a case called Flores not to keep unacompaanied illegal immigrant children in custody beyond 20 days. The settlement said nothing about accompanied illegal children-children who crossed the border with their parents. The Ninth Circuit Court of Appeals then ruled that accompanied children also could not be held in custody under the terms of the settlement. This meant that the government had to release whole families, or that the government had to seperate parents from children.”-Ben Shapiro
So when Trump prosecutes the illegals ,the kids get seperated but that was never a decision made by Trump and it’s certainly not HIS policy.

#133 MF on 06.21.18 at 7:05 am

#123 Bdwy sktrn on 06.21.18 at 1:14 am

This post is a perfect example of what all pro MJ users say:

“my brain surgeon smokes every day and he is sooo successful therefore smoking does not effect adversely affect your health”.

-For every example like the one above there are 20 users who are addicted, lazy, stunting their own brain development and basically ruining their lives (and possibly the lives of others through second hand smoke).

My parents are in their 70’s and sharp as can be. They’ve never smoked weed in their life and they are financially successful. They both workout, move around like they did in their 20’s, have tons of energy, and are as healthy as can be. I’m very lucky.

See what I did there?

Your assertion that weed somehow “helped you” succeed is laughable and dangerous.

Besides, I’ve been reading your posts for a while. You made most your money on Vancouver RE right? We can therefore also assume that, like all other boomer/genx in Canada, if not for “emergency” interest rates that lasted longer than they should have, plus luck and nothing else, you might be just another hard working Vancouverite who comes on here to complain about foreign ownership and his inability to start a life like the rest of them

MF

#134 B Wilds on 06.21.18 at 7:31 am

President Trump would be wise to instruct his administration to give solid consideration to legalizing marijuana or ending Federal laws that attempt to control state rights over the issue. This would go a long way to quiet much of the social protest and angst that mainstream media has been able to stir up within liberal ranks and many young people.

Trump and those in Washington would be wise to heed changing public opinion and look past the myths about this drug that has resulted in many young people being sent to prison. This would soften his image and take a great deal of air out of the liberal left.

#135 FormerNavyGunner on 06.21.18 at 7:52 am

DELETED

#136 Trumpocalypse2018 on 06.21.18 at 8:00 am

THE SUMMER OF HELL HAS BEGUN !!

The worst season in human history since 1945 is upon us. The human world is about to be decimated.

Fuel up. Stock up. Hug your children.

PREPARE.

#137 CJBob on 06.21.18 at 8:15 am

#25 Citizen at Kelowna on 06.20.18 at 6:08 pm
I’m certainly opposed to children being separated from their parents, but it ought not be lost on us that these parents are willingly putting their families in harm’s way by setting out to break the law.

So my outrage is tempered by the fact that breaking the law has consequences. Maybe don’t lead your family to imminent danger by explicitly and knowingly transgressing the law.
________________
Wow. Just wow. Some are escaping countries that in various stages of war. They are trying to save their children’s lives and are willing to take risks to do it. I’d do the same thing and if you step back and ask yourself honestly you would do the same thing.

You don’t have to walk a mile in their shoes, but get a sense of the real danger that exists in the world. Wow.

#138 TurnerNation on 06.21.18 at 8:20 am

We’re not allowed to talk about which UN agenda agency might be paying for their trips from overseas -> USA in the first place, the many thousands of dollars for travel, flights for a distance of untold miles. Who is paying to organize their bus trips up to the border?
Shhhh. Just wave that flag and dance as per T2.

Some on here have been smart enough to flee this city, mentioning no names. Work hard, pay your taxes kids.
Buying a house in this city now is financial suicide, I’m seeing a total collapse of order and city services soon – an open air camp is the goal. City has stated large white tents are to come. (In your backyard maybe?)

G&M:

“In Toronto, which last year reaffirmed its status as a sanctuary city, all residents receive full access to city services, regardless of their documentation status. **Children can attend school, families can access health care or social assistance and people can apply for work permits while waiting for decisions on their claims**”

“Many of them are families. All are in need of housing, adding pressure to Toronto’s already-strained shelter system in a high-priced city with limited affordable housing. To deal with the pressure, the city asked two colleges to open their student dorms to refugee claimants for the summer and there are plans to erect four tents in the city to serve as extra shelter space later this year.

#139 CJBob on 06.21.18 at 8:24 am

Robert Reich: The Trump administration on family separations:
1) It’s a deterrent, zero-tolerance.
2) It’s not happening.
3) The Bible says so.
4) We won’t apologize, they have TVs!
5) There’s nothing we can do, blame Democrats.
6) Pay for the wall, then maybe.
7) Fixed, give us credit!

#140 TurnerNation on 06.21.18 at 8:26 am

Kids soon will be in outside kamps in Toronto.

Shelters are full. Kids and parents have been flown/bussed here on purpose, too.

See the refugee kamps overseas, planned here too. No wonder Doug Ford was told to make an about face on opening up Greenspace. Other plans I bet.

https://www.blogto.com/city/2018/06/toronto-temporary-homeless-shelters/

#141 crowdedelevatorfartz on 06.21.18 at 8:40 am

@#118 glad I sold
“Wow, there are still 48 condos for sale at Vancouver House-1480 Howe Street.”
++++
Ahhh Yes . Vancouver House.
The most pretentious self absorbing name in a city full of mirror gazing pompus asses.
The only thing more annoying than the snotty european designer flown in to dazzle us with his brilliance ….was the eponymous name for the developement ” Vancouver House in …..Vancouver”
My God, How many Marketing chimpanzees gibbering drunkenly around a table full of banana daquiris did it take to pull THAT name out of a hat?
If the new condo owners in that top heavy stack of childrens’ block toys arent worried enough about earthquakes ….they should worry about mail delivery.
I can see the illiterate, dyslexic mail sorter at the main plant,
“Vancouver House in Vancouver….hmmmm, must mean Vancouver Island”.
Good luck Vancouver House owners. If the earthquake and tsunami dont get to you…..traffic , lack of parking, and mail delivery will.

https://www.google.ca/url?url=https://www.condoinvancouver.ca/vancouver-house-big&rct=j&frm=1&q=&esrc=s&sa=U&ved=0ahUKEwja1IXe4OTbAhVpFTQIHVxECWkQFgg_MAs&usg=AOvVaw3ovUrmu0OdsbDlF4KAFtQ4

#142 Ace Goodheart on 06.21.18 at 8:45 am

Apparently Americans overwhelmingly voted for Trump because they thought he would “make them rich”.

That is what he is trying to do right now, by taxing imports.

Trump, for some reason, does not understand when duties apply to products crossing a border, as he has complained that Canadians are smuggling shoes into Canada, from the USA, without paying duty on them.

This shoe smuggling, if it actually is true, would not harm the USA, as the duty would be paid at the Canadian side of the border (the Canadians doing this would not even need to go through US customs, as they would be returning from the USA, so they would go through Canadian customs).

At any rate, Trump is now angry that Canadians come into the USA, purchase consumer goods, paying US sales taxes and supporting US manufacturers and retailers, and then avoid paying Canadian duty on their return, therefore somehow (he does not say how) harming the USA. Oh well.

Trade duties have one little odd consequence that Trumpster is not taking into account. When a rich and powerful country puts duties on the products of a less powerful and perhaps less rich country, the currency of the less powerful and less rich country usually collapses. That causes industries in the rich country to re-locate to the poorer country (because it is cheap to produce there, if you pay in the local currency, even considering the duties and taxes).

This is how South East Asia came to be such a manufacturing power house and is directly related to the value of the Japanese Yen versus other South East Asian currencies, and one of the main reasons why Japan is now in perpetual recession and economic decline.

Strong currencies are great for tourists from the country of origin, but terrible for that country’s industry.

China has been artificially lowering the value of their currency for years, for this very reason.

Trump’s ill thought out and frankly idiotic duties on his country’s own companies and industries will likely have the effect of boosting the value of the US dollar against the money of other countries, which will cause US industries to want to relocate their manufacturing operations off shore.

In other news, what is going on with Toronto real estate prices (this is a real estate blog after all)?

Can people not afford houses anymore? I am seeing deal after deal emerge on Realtor.ca, and I have started actually going to the open houses and talking to the agents. I figured at first that these deals were just priced low to attract bidding wars, but apparently no one is bidding. I am sitting on a pile of cash with three paid for houses, wondering if I should consolidate the family holdings, as it is now possible for example to purchase a four bedroom “oversize” former farm house, in the inner City of Toronto, on a 45 foot by 120 foot lot, with parking for four cars and a backyard larger than many city parks, for under 700K, without a bidding war, and without any bids at all other than mine apparently? And they accept conditional offers? Subject to financing AND home inspection?

The Toronto market has lost its mojo apparently. I am intrigued.

#143 crowdedelevatorfartz on 06.21.18 at 8:46 am

@#131 Howard
“In order to prevent tax evasion, fraud and money laundering, the provincial government needs to end hidden ownership, ensuring the ability to look through legal entities, like offshore trusts, and find out who is behind them.”
+++++

Kind of like asking,”Who bought the horses?” after they have been sold?

#144 232 on 06.21.18 at 9:01 am

Garth,
Let’s shame this broker:

“Steve Bailey, who insists his resignation from the Real Estate Council of Ontario (RECO) is unrelated to any allegations against him, is accused of attempting to arrange a deal for his parents that would have paid a Waterloo woman about half what her house is worth.”

https://www.therecord.com/news-story/8684924-broker-investigated-after-aborted-home-sale/

#145 n1tro on 06.21.18 at 9:02 am

#106 Nonplused on 06.20.18 at 11:48 pm
And nobody, even the medical users, use it without the intent of getting high.
———————–
Not entirely true. Medical weed shouldn’t contain significant amounts of THC (stuff that makes you “high”) but has a lot higher amount of CBD (numbs pain? chills folks out?).

#146 Q2 Class 2-B-C-2 Duplex Drive on 06.21.18 at 9:07 am

‘As the kids like saying: elect a clown, expect a circus.’

Are you referring to America, or Canada, or both?

#147 dharma bum on 06.21.18 at 9:09 am

I predict a massive oversupply of weed.

Those that want it and need it are already using. As it is, there’s no shortage.

I don’t think that people who are not current users have been sitting on the sidelines for their entire lives patiently waiting for legalization in order to get high, wasted stoned, burnt, baked, blitzed, blunted, faded, lit, or ripped.

Anyone that’s into that, is already partaking, and plenty.

Prepare for prices and stock values to plummet.

Now, go spark one up, dude.

Pass the dutchy.

#148 James on 06.21.18 at 9:13 am

My wife’s cousin come in to the GTA this week for a working vacay. He lives in Republican Trumpland Baker County Florida. He voted Trump and now almost two years later has had great regrets. His wife and him wanted change and thought Trump could provide change. They now concede that this is not the change they were looking for and that Trumps policies are isolating the US from the their allies and the rest of the world. He said in late May they went to New York City for business and that he had never been to the statue of liberty. When they went out to Ellis island he read the following.

Not like the brazen giant of Greek fame,
With conquering limbs astride from land to land;
Here at our sea-washed, sunset gates shall stand
A mighty woman with a torch, whose flame
Is the imprisoned lightning, and her name
Mother of Exiles. From her beacon-hand
Glows world-wide welcome; her mild eyes command
The air-bridged harbor that twin cities frame.
“Keep, ancient lands, your storied pomp!” cries she
With silent lips. “Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore.
Send these, the homeless, tempest-tossed to me,
I lift my lamp beside the golden door!”

He said that was the moment they realized what Trumps America was all about and they both said what has America become. I look forward to some interesting discussions over the weekend on where the USA is headed.

#149 HaHaHa on 06.21.18 at 9:20 am

Trump this trump that. While everyone is pissing and moaning once again most of Canadians financial advisors who have been belittling the cannabis industry need to explain why some of us are getting huge returns again. Oh yes the volatility. Oh like the DOW and oil prices are a sure thing. Trudeau hands you all lemons and no one can figure out how to make lemonade. Oh and the bubble analogy, well it ain’t hard to take profit. As far as TRUMP if you are a Canadian and feel strongly to boycott the U.S. then phone your financial advisor today and sell all U.S. assets. Sell your vacation spot in Arizona or Florida. Cut out the fake social injustice tirade and put $$$$ where your mouth is. Hypocrites abound in this country. Grow up.

Careful advisors don’t jump on Bitcoin, weed stocks or other assets with unproven records, high volatility and a large potential to lose as much as they gain. Correct exposure comes from owning an index containing exposure, in an appropriate weighting. Obviously you’re an amateur. Good luck. – Garth

#150 Prediction on 06.21.18 at 9:30 am

There was an MI6 operative who wrote a book back in the early 1990’s which I read. It all has unfolded with complete accuracy, and part of it was devoted to the legalization of weed, which in time will be devoted to dope cafes everywhere. The defined purpose was to dumb down the masses into servitude to the State. I see this happening now, whereby the masses will be smoking it up to drown down the horror of it all, and care not about anything of value anymore.

#151 Howard on 06.21.18 at 9:43 am

#123 Bdwy sktrn on 06.21.18 at 1:14 am

That wasn’t cannabis. That was winning the birth-year lottery and being situated in the right city at the right time.

I support marijuana legalization but wish that taxpayers didn’t have to pay for users’ addiction treatment (and I’ve encountered enough pot smokers to know that it can certainly be an addictive substance for some individuals).

#152 conan on 06.21.18 at 9:52 am

#134 B Wilds on 06.21.18 at 7:31 am

Trump is in LA LA Land. He will declare Canada as a threat to the USA, and point to the Reefer Madness threat, wafting in from the North.

Looks like November Mid Term decimation to me. Does anyone believe his popularity support numbers?

Nova Scotia one of the leading Provinces on the march to MJ commercialization.

Bank of Cannabis has a sweet ring to it.
One could also sell fashion ware, bongs, and 420 pins.

https://youtu.be/IVZs2HHgfZk?t=5

#153 Smoking Man on 06.21.18 at 9:53 am

DELETED

#154 Plant Limitations on 06.21.18 at 10:05 am

Keep in mind for home grown weed your only allowed 4 plants. Now is this per home residence, or for each person living there? In order to regulate that nobody is cheating, the brown shirt squad will be knocking on your door for an inspection at odd hours. You dare not cheat the State, because the consequences might be severe. How ridiculous for government to restrict the number of plants to be grown. Can you imagine a precedent established that babies can be taken in the House of Commons by a sitting member while in session to be fed now? The video of such is now up for all to see, which of course was a staged event using an innocent child as a prop.

#155 Renter's Revenge! on 06.21.18 at 10:09 am

#149 HaHaHa on 06.21.18 at 9:20 am
“…need to explain why some of us are getting huge returns again…”

“Careful advisors don’t jump on Bitcoin…” Garth

================================

Did you hear about the crypto currency guy who bought the penthouse condo in the Trump Tower in Toronto for $28M? It’s like a license to print money! Think of all the latecomers who helped him pay for that!

https://www.bnnbloomberg.ca/crypto-pioneer-buys-canada-s-biggest-condo-in-former-trump-tower-1.1096279

P.S. In case it’s not clear, I’m not criticising Garth for avoiding speculative investments. I’m pointing out how the smart money cashes out when the dumb money floods in.

He was the co-founder of Ethereum, not a retail investor. You comment has no relevance. Besides, buying a $28 million condo proves he’s an idiot. – Garth

#156 Westcoaster on 06.21.18 at 10:21 am

#25 Citizen at Kelowna (and others)
I wonder to what degree you would be willing to break the law if you lived in a country in which you and your family had to live in circumstances that were persistently antagonistic/dangerous/life-threatening. Have you actually spent any time in Guatemala, Nicaragua, or Honduras? If you had, you would totally understand why parents are willing to put themselves and their children at risk by breaking the law, subjecting themselves to the “coyotes” and risking the political land mines once they reach their destination.
Understanding that corruption in our country is certainly a problem (we’re just a bit more sophisticated about it) the rawness of life in the above-mentioned countries is not easy to comprehend and affects all levels of authority (federal, municipal, military, police).
Get yourself educated before making such naive pontifications my friend.

#157 Shawn Allen on 06.21.18 at 10:35 am

Alberta Owes a HUGE Debt of Gratitude to OPEC

Dolce Vita at 125 said:

Then again, people forget or simply do not know that in the early 1950’s when NO Canadians would invest in Alberta’s nascent oil industry it was the Americans that came then, invested and built up AB’s oil industry infrastructure [after the Leduc oil find in ’49].

The average selling price [or cost, I cannot remember on this] of conventional crude then was $1.50/bbl. Alberta’s was $4.50/bbl.

Yet, the Americans came anyway as they were forward thinking, unlike Canadians of the time.

We do owe them a debt gratitude for that and I am sure that we have paid that debt off many times to them.

***************************************
No argument there…

But often smug so-called free market Alberta owes a really huge debt of gratitude to OPEC. The price-fixing cartel succeeded in pushing oil prices up by a factor of something like at least 10 in the two 1970’s oil shocks. Despite a certain level of cheating on their quotas it seems clear that OPEC is responsible for oil prices being perhaps double or triple what they might have been has the OPEC countries competed for business instead of cooperated each year for the past 45 years or so.

For Alberta, OPEC is the gift that keeps on giving.

The oil sands would never have been developed without the benefit of the price-fixing cartel that is OPEC.

That is no fault of Alberta and we in Alberta do not need to apologize for it. But perhaps it ought to be acknowledged once in a while?

#158 Revolution on 06.21.18 at 10:38 am

#155 Westcoaster – I can comprehend your point made, but why is it always the citizens running from their country to another? The corruption in any country is composed of a minority faction that is gang related, when compared to the majority of citizens. Can they not take a stand and fight back against said evil? Its called a revolution to take their country back, or is it more convenient to burden others for the free ride?

#159 IHCTD9 on 06.21.18 at 10:46 am

I just don’t know what they’re thinking in Ottawa. Canada is putting a 25% tariff on flat rolled stainless steel products – we haven’t made this stuff here in decades. The ultra-vast majority of these products come from the USA. But we’re going to “make Trump pay” by forcing Canadian business who consume this product to pay 25% more for it. We don’t have a choice to pay it, if the Tariff ex-USA is 25%, all the EU mills will be selling us at 24%.

If we go ahead and do this, I will lose my second largest customer to my competitors in Texas, and there’s no way in hell I’m going to be able to fill the hole these guys leave – ever. Every single person on this blog would recognize the name of the company I’m talking about.

I’m sure Trump would be feeling unbearable pain after realizing that Canadian business (largely American Corps) is rushing south after our government put a massive tariff on products we don’t even produce here, and have traditionally bought from the USA. SUCH PAIN!

Please put your guns away Mr. Trudeau – you’re going to kill us all.

#160 Gravy Train on 06.21.18 at 10:54 am

How does any of this justify breaking up families? Are you heartless? – Garth

#92 AB Boxster on 06.20.18 at 10:34 pm
“Now the left is complaining that Trump is detaining whole families at the border. What inhumanity.”

I’m just trying to follow your logic (if any): Are you saying Garth is a lefty? Yes? You are? Then you’re daft!

Garth has been voicing his disapproval of Trump for months now! Do you even read his blog posts?

Maybe you should be reading Alex Jones’s Infowars; it’s more your style! :)

#161 Marcus on 06.21.18 at 10:54 am

Man, Trump is living “rent free” in the minds of Canadians. This is so funny. It really shows how far gone Canada really is. They have absolutely no sense of reality whatsoever. What term did Joseph Stalin use to describe such people? Useful idiots.

#162 Next Liberal Project on 06.21.18 at 11:41 am

They are running out of things to accomplish, so starting in 2019 it will be the BEER standards that need fixing. A change of definition is a must, and will ‘force’ the listing of ingredients on every can and bottle. We need National Beer Standards, so will the imports comply?

#163 Karl on 06.21.18 at 11:47 am

Garth, I am BEGGING YOU, review this story by Toronto Life regarding young people who managed to buy their own homes in Toronto.

I would love to see your retort to it in a blog piece.

https://torontolife.com/real-estate/found-way-beat-market-buy-house-age-30/

Here you go: the goal of life is not a house. Especially those pieces of trash. Th kids are fools. – Garth

#164 Fake News Again on 06.21.18 at 11:50 am

BANNED

#165 millmech on 06.21.18 at 11:53 am

#149
I can not see this being a viable money maker, in the south Okanagan there is two facilities that are approved and they will produce about 130,000kg of pot. The local Indian Bands are looking at possibly putting in facilities that will produce 200,000kg between them so 330,000,000 grams of medical bud from four facilities (more growers putting in permits up there as we speak).If even four more facilities go in (which will happen as everyone up there is into some form of agriculture) there will be a billion grams of pot from that small area of the province.
These are not even the “big” players that are listed on the exchange, this would be a possible chance to make money by possibly taking a short position. You can hold all the stock you want but if it goes down good luck trying to sell.

#166 Shortymac on 06.21.18 at 11:57 am

Okay folks, repeat after me: “It is not illegal for a US asylum seeker to cross the border outside of a normal checkpoint”.

Just ask all the Cuban refugees.

Also, everything Trump and his admin has said is complete trash about the policy and his EO is also complete nonsense. This immigration lawyer really breaks the EO down: https://mobile.twitter.com/gsiskind/status/1009540800626266117?p=v

Trump doesn’t can about illegal immigration, illegals build his towers and clean his casinos. His MAGA hats are made in sweat shops in China.

He’s been a swindler his whole life and he’s swindled you. A lot of people in these comments are going to have to put on their big-girl panties and admit it one day.

#167 IHCTD9 on 06.21.18 at 11:59 am

Can’t wait till the mid-terms are over with, I want to know if we’ve got 4 or 6 years left of Trump. Ontario might be displaying a post SHTF apocalyptic landscape if 6 more to go. Trump could be the final cut that bleeds Ontario out – working in cooperation with the Canadian Federal Government from the looks of it.

Dead domestic steel industry, and a 25% tariff now to discourage importing too. Near dead auto industry, then a 25% tariff to kill all of them off. Revenues in Ontario have been short for years – now they’re going down even more. What are they going to do – raise taxes? Hard to make that one pay if half the private sector is laid off.

Nasty. The 2008 GFC really consolidated the steel warehouse business in Ontario – many big players got bought up, and most of the variety of product disappeared. Now it’s only garden variety in stock – everything else is imported from the USA. A few “warehouses” up here are little more than a sales office for a big warehouse in the US.

The glory days are already over – Southern Ontario’s steel industry looks to be entering into a state of mediocrity, where it will undoubtedly stay. No Oil projects, No mining projects, No infrastructure projects, and soon, no Auto production work, or Mill work.

Hit the lights.

#168 Oft deleted much maligned stock.picker on 06.21.18 at 12:27 pm

Our delusional children elected a clown….and Canada is a disgrace because of a juvenile mistake. ” Elect a child and expect childish things”. At least legally such a child would never be taken seriously….but in the face of a massive propaganda campaign….Canada doomed itself by exerting a wilfull ignorance.

As well as making an extra twenty percent on holding USD over CDN….the right stock picks….like Cisco have produced great capital gains…..bought at $34…..now at $42…..yay. And our carefully selected Canadian companies with heavy American profits like TD and RY are cruising the stratosphere in spite of the Libs. Even Trudummy can’t keep a good stockpicker down.

#169 Figus Makum on 06.21.18 at 12:36 pm

#25 Citizen at Kelowna

Kelowna is beautiful and safe. I can understand why you don’t get out much.

A few years ago, after completing a volunteer mission in Honduras, I decided to travel to the coast and over to Roatan for some desperately needed R&R. Just before you get on the intercity bus in San Pedro Sula to La Ceiba, they take a picture of you. I found out later that this is for “identification” purposes if your bus is highjacked. While waiting for the ferry ride in La Ceiba to Roatan I caught the TV reports of that day’s murders (complete with closeups at the morgue). Definitely not something Global Okanagan would show if it were to occur in Kelowna.
Ignorance is bliss.
Parents who leave their world behind, travel uncertain and dangerous terrain just for the chance of a better life for their family, have my respect and understanding.

I adore the Okanagan. B.C. is beautiful. You are privileged.

#170 Gravy Train on 06.21.18 at 12:46 pm

#159 IHCTD9 on 06.21.18 at 10:46 am
“If we go ahead and [impose retaliatory trade tariffs on U.S. exports into Canada], I will lose my second largest customer to my competitors in Texas, and there’s no way in hell I’m going to be able to fill the hole these guys leave – ever.”

If it’s any consolation, U.S. consumers and producers will be hit far harder than we will in this trade war, as European Union countries, China and Mexico (not just Canada) will be imposing retaliatory trade tariffs on U.S. products, esp. from those U.S. states having voted for Trump.

Try to remember that it was Trump who declared war! Now you can stand your ground against the beastly bully in chief, or you can turn around, bend over, and grab your ankles! The choice is yours!

“War is Hell.” — William Tecumseh Sherman

“Trade wars are good, and easy to win.” — Donald Trump

#171 majik on 06.21.18 at 12:58 pm

#161 Marcus on 06.21.18 at 10:54 am
Man, Trump is living “rent free” in the minds of Canadians

—–
Your Canadian naivety is showing. I think the US lives rent free in the minds of Canadians regardless of who is in power.

https://www.theguardian.com/world/2018/jun/21/canada-us-tuscan-anti-terrorist-database-at-borders

You won’t read, hear or see anything about this in Canadian media.

#172 Barb on 06.21.18 at 1:04 pm

#31 Grammar Police on 06.20.18 at 6:24 pm

when he was still claiming Barrack was a Kenyan and pinching bottoms?
———————————
Who did what? Obama would never put himself in the limelight by pinching some frustrated American woman’s cottage cheese. Please consult an English teacher on proper subject and verb tense agreement.

———————————————————-

Oh puh-lease…

Our host’s inimitable writing style offers the delightful Himalayan salt to some otherwise distasteful topics.

Your comment(s) are base MSG.

#173 IHCTD9 on 06.21.18 at 1:06 pm

#128 jane24 on 06.21.18 at 2:35 am
I don’t understand how pot stocks will make money and the Cdn govt make massive taxes from pot sales. If tomatoes went way up in price you would grow your own. Same thing. Hard to build a private distillery for booze manufacture, hard to grow your own baccy in Canada but dead easy to grow pot on the kitchen window cill. Most students have already done it since the 1960’s.
____________

There won’t be bags of cash for the government resulting from pot. The government in Ontario has planned the same business model for pot as it has for liquor. The LCBO needs a $15.00 sticker to make a margin on a bottle of wine they paid 2.00 for. Half the management is on the sunshine list. They spend millions to advertise the products they sell under a monopoly. They spend millions to advertise a $0.50 off a 26’er sale. Just about any small town LCBO you look at is one of the nicest, newest buildings in town.

The existing pot sellers are going to be able to undercut the government by a mile. Therefore, the only real question is how far the Gov. will go trying to eradicate the illegal drug dealers, and how successful they’ll be at it. They’ve not made much of a dent historically.

Ontario will need to establish a monopoly before they can succeed with their plan – it is a core requirement.

AND, no matter what happens – if the price is too high, the FNR’s (bless their hearts) will be selling it off the reserves for less than half price. This potential reality could eat up to 40% of the entire Provincial pot market – just as it has with cigarettes.

IMHO, it will take decades before the WCBO can make a profit unless the Province suddenly decides it’s OK to launch an attack on FNR’s, AND finally succeeds in eradicating all drug dealers, OR learns how to run a business where there is competition.

I’m not going to hold my breath.

#174 Duke on 06.21.18 at 1:14 pm

#149 HaHaHa on 06.21.18 at 9:20 am

Careful advisors don’t jump on Bitcoin, weed stocks or other assets with unproven records, high volatility and a large potential to lose as much as they gain. Correct exposure comes from owning an index containing exposure, in an appropriate weighting. Obviously you’re an amateur. Good luck. – Garth

====================

This is a valuable advice from a pro. Thanks.

#175 Karl on 06.21.18 at 1:21 pm

#163 Hot Karl on 06.21.18 at 11:47 am
Garth, I am BEGGING YOU, review this story by Toronto Life regarding young people who managed to buy their own homes in Toronto.

I would love to see your retort to it in a blog piece.

https://torontolife.com/real-estate/found-way-beat-market-buy-house-age-30/

Here you go: the goal of life is not a house. Especially those pieces of trash. Th kids are fools. – Garth

A lot of them are using alternative lenders. They are all exactly what you write about in your blog.

On a side note, what is the goal of life?

#176 Ronaldo on 06.21.18 at 1:27 pm

#165 millmech on 06.21.18 at 11:53 am

#149
I can not see this being a viable money maker, in the south Okanagan there is two facilities that are approved and they will produce about 130,000kg of pot. The local Indian Bands are looking at possibly putting in facilities that will produce 200,000kg between them so 330,000,000 grams of medical bud from four facilities (more growers putting in permits up there as we speak).If even four more facilities go in (which will happen as everyone up there is into some form of agriculture) there will be a billion grams of pot from that small area of the province.
These are not even the “big” players that are listed on the exchange, this would be a possible chance to make money by possibly taking a short position. You can hold all the stock you want but if it goes down good luck trying to sell.
————————————————————-
Agree totally. This is just another bubble that is going to pop hard. Everyone and their dog is getting on the bandwagon. Don’t know where they expect this increased demand for the stuff to come from. Fun to watch though. I understand that some of the best pot is grown in the sunny Okanagan. I even smoked some once. Wasn’t too bad.

#177 IHCTD9 on 06.21.18 at 1:34 pm

#170 Gravy Train on 06.21.18 at 12:46 pm

If it’s any consolation, U.S. consumers and producers will be hit far harder than we will in this trade war, as European Union countries, China and Mexico (not just Canada) will be imposing retaliatory trade tariffs on U.S. products, esp. from those U.S. states having voted for Trump.

___________

All those “retaliatory trade tariffs” you mention best be something that the country ACTUALLY PRODUCES.

What kind of idiot slaps a tariff on products that consumers and businesses have no choice but to buy across borders? Trudeau is no better than Trump here.

Trudeau’s actions have assured more business activity bails out of Canada and reopens in the USA. I still had advantages competing with US companies and would have been just fine if our birdbrained PM had just taken off for an extended vacation somewhere and did some more shirtless photo-bombs.

Canada will not win a “trade war” with the USA. I look at my customer list and count how many pure born and bred Canadian customers I have – ZERO. 90% USA/EU born and raised companies.

In my business – most of the work is done for like 20% of the customers. If we lost our 3 largest customers, that would be it. 2 of them are American Corps.

BTW – I’d bet every penny I own that all these tariffs will invariably effect all countries – not just the one it was levied against. Everyone wants the price up – no one wants to be cheap even if they can still sell at higher prices. Competition these days is Global. If everyone under the sun is slapping tariffs on left and right – we’re all going to pay it somehow, someway, eventually.

#178 Ubul on 06.21.18 at 1:39 pm

He was the co-founder of Ethereum, not a retail investor. You comment has no relevance. Besides, buying a $28 million condo proves he’s an idiot. – Garth

He is 24, the market value of his current Ethereum holding is about USD 200 million. It does not include his previously sold stake, from which he dropped CAD 24 million on real estate.

Seems somewhat reasonable and apparently affordable, less than 10% allocation of his wealth to a different asset class.

Even if he is just trying to make his mom happy with showing off real estate, or use the condo when he visits his family here from Switzerland, where he lives now.

If only he wasn’t such an idiot, he would have spent more time on how to optimize his TFSA, RRSP with proper allocation of ETFs, like all the smart people.

He would be rich. As your judgement call.

Twenty-eight million on a condo defines idiocy. He’ll likely be slumming by 40. – Garth

#179 Guy in Calgary on 06.21.18 at 1:55 pm

#88 AB Boxster on 06.20.18 at 10:05 pm
Blackdog on 06.20.18 at 9:19 pm

Tell that to the medical marijuana users who must decide between driving and using their medicine despite never being impaired by it.

_———————————————
There is not one study that shows any medical benefits of smoking dope.

Maybe we should be allowed to start using medical alcohol without issue too.
——————————————————

You can use alcohol without issue already. What is your point?

My grandfather was prescribed cannabis as he had a botched surgery on his stomach when he had to have cancer removed. He has lived in pain with very little appetite for around 8 years. Multiple surgeries later, still the same issue.

He has started using medical cannabis (not smoking it, but ingesting) and it has done wonders for him. The pain is not nearly as bad and he is able to enjoy a nice meal and a pint. He is 81 and thought the same thing about marijuana legalization. He now fully supports access to those that need it because it has helped him tremendously and it has increased his quality of life.

Medical marijuana also helps with epilepsy and is a better alternative to pain management compared to getting everyone hooked on Oxy.

People that “do not believe in marijuana” in my opinion are simply ignorant.

Going back to the points on driving, they need to have better roadside testing. To say “then don’t use” is an easy out. I could use on a Saturday, and possibly get a DUI a week later. That would obviously be an injustice. It is the equivalent to having a single scotch on a Saturday night and getting a DUI the following week. It makes no sense.

#180 jess on 06.21.18 at 2:05 pm

wage theft foreign workers

subcontractor Roospetstroy disappeared later arrested crocus takes no responsibility since
Due to loopholes in Russian law, Simonov says it would be “very difficult” for a court to find Crocus liable for any wages owed by subcontractors it paid. “It’s a persistent scheme to transfer blame,” Simonov says. “The general contractor can effectively say, ‘We fulfilled our obligations, we transferred you the money. The rest isn’t our problem.’”

crocus group -two World Cup stadiums built by construction magnate and oligarch Aras Agalarov.

https://www.motherjones.com/politics/2018/06/aras-agalarov-world-cup-migrant-labor/

#181 RyYYZ on 06.21.18 at 2:10 pm

#61 SoggyShorts on 06.20.18 at 8:42 pm
********************************
How would doing something perfectly legal be a reason to ban entry to the US?
====================================

Us immigration policy is absurd, that’s how. The way the US INA (Immigration and Naturalization Act) is written, anyone admitting to, using marijuana (or any other drug that’s illegal in the US under federal law), or for whom evidence of use can be found, can be denied entry to the US. This is typically up to the discretion of the CBP officer and his or her immediate superiors on the spot.

While generally admitting to long past use won’t get you denied entry, it is possible, again at the discretion of the CBP officers’ interpretation of the relevant law. I’ve heard that admitting use within the last year is more likely to get you rejected.

Once the CBP makes a ruling of inadmissibility, at the very least you’re looking at getting an immigration lawyer to fight with them and get your inadmissibility lifted. If that doesn’t work (forget it if you have any conviction, or likely even an arrest, for anything drug related, or any recent dealings with illegal drug business), you’re looking at getting a waiver of inadmissibility.

US laws, in particular the INA, is not restricted from banning people from entry for activities which are legal in their home countries, but not the US. I suspect that even if the US was to legalize pot at the federal level (which Trump has indicated he would support, possibly, maybe – like you can trust anything Trump says), they would still need to update the INA to reflect that change, and there’s no guarantee of that, given the level of dysfunction among US law makers and the systems they work under.

#182 AB Boxster on 06.21.18 at 2:13 pm

#160 Gravy Train on 06.21.18 at 10:54 am


I’m just trying to follow your logic (if any): Are you saying Garth is a lefty? Yes? You are? Then you’re daft!

———————————————-

FFS, do you any reading skills beyond grade 3.

Where in the comment do I say or insinuate that Garth Turner is a lefty?
And then you base the rest of your diatribe on your ridiculous comments.

Hey look, I can do it too!

So your comments must mean you are a member of ANTIFA, right? Huh? Or you worship the devil. Right? Huh? It’s so obvious based on your comments.

Of course since Garth is not a member of ANTIFA or a devil worshiper this must mean that you hate Garth and all he stands for. Right? Huh?

Why do you hate Garth and all he stands for?
Why are you a member of ANTIFA?
Why do you think devil worship is acceptable?

Efing Idiot!

#183 jess on 06.21.18 at 2:15 pm

6 Musty Basement Dweller on 06.20.18 at 5:15 pm without transparency there is no data!

http://visar.csustan.edu/aaba/jerseypage.html

Bid to reveal secret owners of Scottish land (21 Jun 2018)
ICIJ: New Panama Papers leak reveals firm’s chaotic scramble to identify clients, save business amid global fallout
(21 Jun 2018)
The poorest fifth of UK households paid the most, as a proportion of their disposable income, on indirect taxes – 29.7% compared with 14.6% paid by the richest fifth of households (21 Jun 2018)
Dodgy dating sites use tax haven overseas to slip by police (21 Jun 2018)
How Much Do Tax Havens Cost the Rest of Us? (21 Jun 2018)
EU Commission finds Luxembourg gave illegal tax benefits to Engie; has to recover around €120 million (20 Jun 2018)
Linking Beneficial Ownership Transparency to Improved Tax Revenue Collection in Developing Countries (20 Jun 2018)
Canada to reap $400m marijuana tax (20 Jun 2018)
Tax havens and limited regulation increase risk for shareholders (20 Jun 2018)
Make the UK a low-tax haven and attract business post-Brexit (20 Jun 2018)
The World’s Largest Tax Haven? Guess Who (19 Jun 2018)
Ireland is becoming the tax haven of choice for profit-shifting multinationals (19 Jun 2018)
Who shifts profits to Ireland? (19 Jun 2018)
Australia tax lost as $16bn profits go offshore (19 Jun 2018)
New anti-money laundering rules prove the power of public scrutiny (19 Jun 2018)
US Treasury Department targets Singapore for money laundering (19 Jun 2018)
Why the IRS Should Go After Trump (19 Jun 2018)

http://visar.csustan.edu/aaba/jerseypage.html

==========
Abraaj Holdings, a Middle Eastern private equity firm facing allegations that it has misused hundreds of millions of dollars, including funds from the Bill & Melinda Gates Foundation and the World Bank’s International Finance Corporation.

Abraaj Holdings had been under pressure by other creditors, including Kuwait’s Public Institution for Social Security, which was aiming to have the company liquidated and wound up.

#184 jess on 06.21.18 at 2:18 pm

bill and melinda gates foundation

In theory the links between expanded information
on beneficial ownership and improved tax collection are straightforward, and compelling. Personal wealth held abroad is frequently disguised from tax authorities by hiding the beneficial owner(s) of that wealth behind shell corporations. Beneficial ownership transparency
is explicitly designed to attack this secrecy, and is intertwined with AEOI: beneficial ownership information will only be useful to developing country tax authorities if it is shared by the countries hosting wealth held abroad, while AEOI can only function effectively if beneficial owners of wealth can be identified.
Meanwhile, corporate actors may exploit a lack
of transparency around beneficial ownership in
order to illicitly reduce their tax liabilities. These
strategies turn on creating the appearance that
a transaction is occurring between two unrelated
parties, when they are, in fact, controlled by
the same beneficial owner. “Round tripping”

https://opendocs.ids.ac.uk/opendocs/bitstream/handle/123456789/13753/ICTD_SummaryBrief%2315_Online4.pdf?sequence=1&isAllowed=y

#185 AB Boxster on 06.21.18 at 2:29 pm

From the CBC
Original Headline

“Canada also detains migrant children, sometimes for months at a time”

The U.S. is the focus of international outrage for its policy of separating children from their parents and detaining them after they cross the border in search of asylum.

But Canada has also detained migrant children and in some cases, has restricted access to their asylum-seeking parents despite its stated policy to do whatever possible to avoid it.

What’s real, and what’s not, about the U.S. border crisis
Last year, 151 minors were detained with their parents in Canadian immigration holding centres.

Eleven others were held in custody unaccompanied by an adult, according to the Canada Border Services Agency. The CBSA would not speculate on the circumstances surrounding why a minor was unaccompanied.

Queue the outrage from the media, from all those who believe the removing children from their parents, or locking them up together is a crime that only a horrible person like Donald Trump, him and him alone, could inflict on children. No matter what the circumstances of each situation.

Waiting…

Waiting…

Waiting…

Crickets.

You just linked the media story. Fail. – Garth

#186 Yvrmc on 06.21.18 at 2:44 pm

Re #102, I’m liking what Paulo is pitching. It is time to expand our markets and focus more or Asia and the EU. I completely agree we need to refine all our own oil here and ship off finished products . A shift to a more manufacturing related economy seems like a reasonable direction to head .

#187 jess on 06.21.18 at 2:59 pm

soccer corruption in croatia…fans boycott

“Fans are boycotting the national team because they refuse to have any emotional connection with players who it is proven were … part of a corrupted system and who, by doing so, have cast a shadow over their undoubted talent,” Juraj Vrdoljak, a commentator on a leading Croatian sports website, told BIRN.

Some cafes and restaurants in Croatia are not broadcasting the series at all. Instead, they are choosing to forgo the large profit margins that typically accompany the World Cup out of protest against the country’s football federation, HNS.

“I will boycott the World Football Championship for as long as the ruling clique in the HNS does not end up in jail,” the owner of one such restaurant in Makarska told a local newspaper, according to BIRN.

The controversy centers largely around Zdravko Mamic, the former chief of the club Dinamo Zagreb, and two Croatian national players, Luka Modric and Dejan Lovren.

Zdravko Mamic, Croatian football’s Mr Big, given jail term

6 June 2018

Mamic was convicted earlier in June for syphoning some $US 17 million from his former club and defrauding the state of some $US 2.1 million in taxes.

However, a day before the court was set to announce the verdict, he fled to Bosnia. Mamic has dual citizenship, and Bosnia and Croatia do not extradite their citizens to each other.

Damir Vrbanovic, former HNS executive director, was convicted on the same counts.”

https://www.occrp.org/en/27-ccwatch/cc-watch-briefs/8232-amid-corruption-claims-croatian-fans-boycott-world-cup

=====
The Swiss police were acting jointly with the FBI; then-FBI director James Comey described the defendants as having “fostered a culture of corruption and greed.” As Conn recounts in The Fall of the House of FIFA, much of the investigation, which had begun by 2011, concerned FIFA’s choices of Russia to host the World Cup in 2018 and Qatar in 2022. Murky payments continue to surface.

http://www.nybooks.com/articles/2017/09/28/soccers-culture-of-corruption/

#188 jess on 06.21.18 at 3:08 pm

Dubai has transformed itself into an extravagant metropolis where the police drive Lamborghinis and edible gold ice cream costs US $800 a scoop.

But this success story is inextricably linked with the globalization of organized crime and corruption.

One of the main avenues is the emirate’s abundant luxurious real estate — which, until now, could be purchased in secrecy.

Now a leaked database of property and residency data pierces the veil to reveal the names of many of the world’s wealthy people who have invested millions in Dubai’s golden sands.

The data was compiled by assorted professionals, obtained by the non-profit group C4ADS, and provided to OCCRP.

This story is part of the Global Anti-Corruption Consortium, a collaboration by OCCRP and Transparency International.
=====

A representative of Global Affairs Canada, the country’s foreign affairs department, told reporters that the government is considering signing onto the Arms Trade Treaty, an international agreement that would provide for stricter regulations of military equipment sales.

But while Canadian authorities have not taken action thus far, the U.S. has.

In 2015, the U.S. Commerce Department alleged that Goutorov and Streit USA Armoring LLC, the group’s American branch, caused, aided and abetted illegal exports by shipping vehicles from its U.S. factory to Venezuela via Canada and to the Philippines, Afghanistan, Iraq, Nigeria, and Singapore via the UAE.

The charges detail how the company knowingly flouted trade laws in 2008 and 2009 by reselling several armored vehicles to those countries without proper U.S. approval. Goutorov was personally fined $250,000 for his role.
profile :
Guerman Goutorov is the chairman of the Canada-based Streit Group, one of the world’s largest private armored vehicle manufacturers.

#189 Reality on 06.21.18 at 3:17 pm

The millennials and others will be drinking and doing weed in a combo because its so cool now. Its going to happen, and will be driving vehicles while they are high without a care in the world. Then there is the beach / boating / fishing scene where it is a much safer atmosphere. This time out of the gate there will be lawsuits with unseen consequences like never before.

#190 CJBob on 06.21.18 at 3:17 pm

#162 Next Liberal Project on 06.21.18 at 11:41 am
They are running out of things to accomplish, so starting in 2019 it will be the BEER standards that need fixing. A change of definition is a must, and will ‘force’ the listing of ingredients on every can and bottle.
___________________
… beer would be subject to stricter labeling rules, which would require a longer list of ingredients on bottles and cans, so the approximately 1.75 million Canadians with food allergies, celiac disease and sulphite sensitivity can better decide what they want to drink.

https://www.huffingtonpost.ca/2018/06/21/canada-beer-changes_a_23464718/?utm_hp_ref=ca-homepage

I’m kind of in favour of knowing what I’m eating and drinking. I guess you’re not.

#191 Fake News Again on 06.21.18 at 3:30 pm

BANNED

#192 Gravy Train on 06.21.18 at 3:31 pm

#177 IHCTD9 on 06.21.18 at 1:34 pm
“I’d bet every penny I own that all these tariffs will invariably affect all countries – not just the one it was levied against.”

Only the U.S. is in violation of trade agreements and treaties. The EU, China, Mexico and Canada (so far) are sticking to their own agreements, while imposing retaliatory trade tariffs on the U.S. for its violations. I don’t foresee any changes to the current state of affairs before the mid-term elections, do you?

One needs to confront a bully head-on; there’s no other way! Oh—and I don’t know if I can afford to take your bet! :)

#193 Renter's Revenge! on 06.21.18 at 3:34 pm

#149 HaHaHa on 06.21.18 at 9:20 am
#155 Renter’s Revenge! on 06.21.18 at 10:09 am
#178 Ubul on 06.21.18 at 1:39 pm
“If only he wasn’t such an idiot, he would have spent more time on how to optimize his TFSA, RRSP with proper allocation of ETFs, like all the smart people.”

“Twenty-eight million on a condo defines idiocy. He’ll likely be slumming by 40. – Garth”

============================

I’m thinking that the reason why my comment at #155, and possibly by extension Ubul’s, has no relevance, has something to do with survivorship bias.

Smart, creative people try creating things all the time. Most of the time those things fail, but every once in a while they turn into something like Ethereum, and make their creator rich. That doesn’t mean the creator has the wisdom to handle the wealth afterwards.

In 16 years you will be idolizing the crypto currency inventors who aren’t slumming it (if there are any), showing even more survivorship bias.

The advice that Garth gives seems to go along the lines of something like: assuming you’re not one of the lucky few whose inventions make them fabulously wealthy, here’s some smart things you can do that have stood the test of time and will work for everyone.

Am I getting close?

#194 CJBob on 06.21.18 at 3:37 pm

Those on EI is at an all-time low. Alright cons, how is this a bad thing and why is is T2’s fault? 3…2…1…go…

https://www.bnnbloomberg.ca/canadians-collecting-ei-benefits-plunges-18-to-record-low-1.1096680

#195 Penny Henny on 06.21.18 at 3:47 pm

#178 Ubul on 06.21.18 at 1:39 pm
He was the co-founder of Ethereum, not a retail investor. You comment has no relevance. Besides, buying a $28 million condo proves he’s an idiot. – Garth

He is 24, the market value of his current Ethereum holding is about USD 200 million. It does not include his previously sold stake, from which he dropped CAD 24 million on real estate.

Seems somewhat reasonable and apparently affordable, less than 10% allocation of his wealth to a different asset class.

Even if he is just trying to make his mom happy with showing off real estate, or use the condo when he visits his family here from Switzerland, where he lives now.

If only he wasn’t such an idiot, he would have spent more time on how to optimize his TFSA, RRSP with proper allocation of ETFs, like all the smart people.

He would be rich. As your judgement call.

Twenty-eight million on a condo defines idiocy. He’ll likely be slumming by 40. – Garth

////////////////////////

You mean like a $2 million condo?

#196 A J on 06.21.18 at 3:51 pm

#163 Hot Karl

That piece is hilarious. Should they get some kind of medal for buying in Oshawa or in 2012 or whatever? I’m dead. *Slow hand clap for nothing at all*

#197 First Of All on 06.21.18 at 3:53 pm

#190 CJBob – You left off the part about imports, and you don’t know much about beer. In many cases the ingredients are too numerous to list, and there are trade secrets in formulas not to be exposed to the competition; not to mention the costs involved for the small guys to transform into a National Standard. Also the definition will change whether its a beer or not – next will be the wines.

#198 Ubul on 06.21.18 at 3:54 pm

#178 Ubul on 06.21.18 at 1:39 pm

Twenty-eight million on a condo defines idiocy. He’ll likely be slumming by 40. – Garth

Time will tell.

He certainly should stop hanging out with billionaire VCs or advising the Russian government on cryptos, just to desperately try to avoid the inevitable faith of slumming by 40, because of the mortal mistake of owning a 28 million dollar condo.

At least he should have made the embarrassing financial self-inflected suicide by condo at a much younger age.

That would have left him with time for some rebound when the price of the condo drops to zero. He will be screwed, he won’t even have money left for weed to treat his depression, while cutting the coupon for a discounted pair of socks at Walmart.

#199 espressobob on 06.21.18 at 4:03 pm

The Trumpster appears to be irascible and short sighted. Small things please small minds.

As a retail investor it makes sense to stay the course and remain global. That never gets old unlike a bad haircut.

#200 Ubul on 06.21.18 at 4:31 pm

#193 Renter’s Revenge! on 06.21.18 at 3:34 pm

The advice that Garth gives seems to go along the lines of something like: assuming you’re not one of the lucky few whose inventions make them fabulously wealthy, here’s some smart things you can do that have stood the test of time and will work for everyone.

Am I getting close?

Yes and Garth’s advice is solid, appealing to people who want to minimize the risk for slow but steady gain.

Maybe the majority of people falls into this risk-tolerance category.

Maybe that’s the most honest advice that money can buy from someone with great deal of consciousness and care for clients who trust him with their money.

But it is a fact of life that some people have very different risk-tolerance, some might be lucky or genius that creates wealth for them on different paths, which may include spending some or all of their money seemingly or actually the way that wouldn’t make sense for others.

Calling these people idiot is denying the validity of human differences. Doing that based on their relationship to money is sad. After all, as important as it may be, it is just money. Not the alpha and the omega of human existence.

#201 Ubul on 06.21.18 at 4:41 pm

#185 AB Boxster on 06.21.18 at 2:29 pm

Queue the outrage from the media, from all those who believe the removing children from their parents, or locking them up together is a crime that only a horrible person like Donald Trump, him and him alone, could inflict on children. No matter what the circumstances of each situation.

Waiting…

Waiting…

Waiting…

Crickets.

You just linked the media story. Fail. – Garth

I think he was referring to outrage, not to mentioning some facts.

You know… tweeting picture of a crying kid in fake context, suggesting what should be done to Trudeau’s kid, citing the Holocaust, crying tv show host on live camera, cursing celebrities, questioning whether other people have heart… the outrage…

#202 Howard on 06.21.18 at 4:48 pm

#194 CJBob on 06.21.18 at 3:37 pm
Those on EI is at an all-time low. Alright cons, how is this a bad thing and why is is T2’s fault? 3…2…1…go…

https://www.bnnbloomberg.ca/canadians-collecting-ei-benefits-plunges-18-to-record-low-1.1096680

————————————————-

Thank god for Harper’s and Flaherty’s steady hand and intellect to guide our country through the global financial crisis relatively unscathed.

Thank god for the USA whose strong economy has, until now at least, kept Canada prosperous – so prosperous that even the election of an airheaded narcissistic dilettante can’t do any real damage, yet.

#203 Poll shows voters support public inquiry into B.C. casino money laundering on 06.21.18 at 8:44 pm

Who is going to jail over this?

We want answers. Get Mueller up here.

https://globalnews.ca/news/4284306/poll-shows-voters-support-public-inquiry-into-b-c-casino-money-laundering/

#204 Blackdog on 06.21.18 at 9:23 pm

It is ironic you do not see yourself in the faces of those you chastise for being racist. From my perspective you have that same lack of insight with regards to cannabis users. Perhaps you should consider the possibility that maybe YOU are prejudice and small minded. Oh the horrors!

From: http://www.sbstatesman.com/2014/03/11/the-societal-prejudice-against-marijuana/

In America today, the primary obstacle to the decriminalization and legalization of marijuana is the common, uninformed and reflexive prejudice against it and its users. This attitude of condemnation is commonly shared by people who nonchalantly celebrate the use of alcohol, a universally more dangerous and addictive drug. Double standards, man. Now, I know what you are thinking: in the name of Gilgamesh, not another legalization argument.

I will spare you the oft-treaded path of legalization advocates who cite the complete lack of overdoses, the scientific findings, etc. as evidence that marijuana should be made fully legal.

In brief, the picture of marijuana, for those who choose to accept it, is becoming increasingly benign. For those willing to make a reasoned, impartial judgment, it is impossible to deny that the harm of marijuana is grossly overstated in our culture.

But of course, it is impossible to make a reasoned, impartial judgment when you are blinded by prejudice. Like other biases, the stigma of marijuana is based on fear of the unknown, baseless conjecture, and narrow, personal experiences. People are also indoctrinated to believe that marijuana is an evil, corruptive substance from an impressionable young age.

Are cannabis users a race now? Can you tell them by the manbuns? – Garth

#205 Blackdog on 06.22.18 at 12:13 am

Prejudice and stigma are not unique to racism. You get that right?

#206 Roland on 06.22.18 at 2:39 am

@Viorelli,

Actually, migrants don’t get shot crossing the borders of Russia.

There are millions of recent migrants living and working in the Russian Federation. Some of them are there legally, others not.

About half of the recent migrants are people of Russian ethnic origin, coming to live in Russia proper, because things are worse in most of the other former SSR’s. Note that it is not correct to say that these people are “returning,” because in most cases their families had lived outside of Russia proper for generations.

The rest of the recent immigrants to Russia, in increasing proportion, are people from central Asia and elsewhere. Many of them are Muslim. Some of them are from former SSR’s and can speak at least some Russian, but many of them cannot.

In other words, the immigration issues in some parts of Russia resemble the immigration issues we see in parts of Europe. Changes in the religious, linguisitic or racial composition of the host communities are as controversial in Russia as in the rest of Europe.

At any rate, today’s Russians aren’t gunning down migrants at the border.