Seeking heroes

Ukraine has a new boss. He’s a comedian. The country borders a voracious nation-state that recently sent tanks to rip out a key piece of Ukraine territory. And who do voters elect to face up to steely Vladimir Putin? A guy who played the role of president on TV. Name recognition, yes. Experience, no.

They call him the Trump of the Ukraine. Not a stretch. The most powerful politician in the world also had no experience when elected. He was a reality TV star. Last week a special counsel report said Trump obstructed justice ten times, but his supporters don’t care.

In France the burning of Notre Dame briefly brought the civilized world together in sadness and regret. Rich families pledged bags of money to help rebuild the cathedral. Days later thousands of yellow vest protestors started fires in the streets, angry at the wealth inequality, suggesting they need the money more than some old building.

They say Jair Bolsonaro is the Trump of Brazil. Like the US president, the new leader of that country calls himself an avowed nationalist and used Twitter to circumvent the MSM. He’s said he would rather have his brother dead than be gay and sprinkled crudities about women and natives. His popularity runs high.

In Britain the genie of populism slipped the surly bounds back in 2016 with a referendum on leaving the EU. Millions of uninformed people were asked to vote on the planet’s most complex trade and economic agreement. The majority sided against it, largely because of immigration and tribalism. Three years later the issue has torn society apart, rendered Parliament turgid and inert, wasted two PMs, diminished the nation and sowed the seeds of UK breakup.

Just five examples of the creative destruction of western politics now taking place. Opponents call it populism. Proponents call it democracy. The issues are diverse and deep. Those in favour of globalism, free trade, the flow of capital and porous borders are clashing with others who support trade wars, immigration controls and economic nationalism. But there’s way more. Progressives worry about climate change and the next generation. Populists worry about next month’s mortgage payment and see carbon taxes as theft. The wealth divide is a visible symbol to many that capitalism has peaked and failed. Others say world per-capita income has never been this high, thanks to trade, growth and efficient markets.

Walls versus treaties. Nationalism (a term not in vogue for decades) lined up against globalism. The offshoring of jobs, pitted against the fall of the western middle class. It’s bred a clutch of leaders with powerful, simple solutions to insurmountable issues, appealing to needy, unhappy masses through 140-character messages. Some people see the parallel in this month’s Alberta contest.

In a democracy, everyone’s equal. One person, one vote. Winning election means capturing the attention and support of many, not just the privileged and successful. In fact it’s a feeling of disenfranchisement that motivates voters and feeds populism’s flames. Trump was masterful at being a billionaire living in a gilded penthouse, yet making himself a champion to the rustbelt unemployed. His opponents totally missed that and paid a price. They responded by attacking the character and fabric of the man – aspects his supporters ignore. Trump is about empowering the common man. He can eat kittens if he wants.

Well, this brings us to…us.

While many readers of this pathetic blog are 1%ers, financial nerds, investors, professionals and affluent canine aficionados, most people aren’t. Sometimes we lose sight of the struggle these Canadians find themselves in, whether it was self-inflicted by real estate lust or not. This week’s stats are arresting.

An Ipsos survey finds 48% are less than $200 a month from insolvency. Currently 26% don’t earn enough to pay existing bills. Over half – 54% – fret they cannot repay debts and half say if interest rates (now near historic lows) rise, they’ll be pooched. A third insist that means bankruptcy.

“This isn’t simply a matter of people living beyond their means,” says the insolvency firm sponsoring the poll. “The reality is that too many households simply cannot make ends meet, however hard they try.”

And that’s the thing. The tipping point. The moment hope turns into helpless. It makes people vote for none-of-the-above; throw the bums out; to try the improbable and untested. The common good is an abstraction compared with the survival of their family.

If most Canadians are a few bucks from losing it, quick to lay blame and seeking a hero, woe betide the way things are.

246 comments ↓

#1 Ponzius Pilatus on 04.22.19 at 1:24 pm

Thanks Garth,
For this insightful Easter Message.
Even the Pope could not have done better.
Well, he would have delivered it in Latin.

#2 Ponzius Pilatus on 04.22.19 at 1:27 pm

On a lighter note:
The new Ukraine President being a Comedian, we can expect lots of Putin jokes.

#3 jess on 04.22.19 at 1:43 pm

tipping points ukraine corruption

money laundering from the defense

the murder of Kherson civic activist Kateryna Handziuk.
the alleged theft of US$5.5 billion from PrivatBank, once the country’s largest commercial lender.

“This is 33 percent of the population’s deposits … [and] 40 percent of our country’s monetary base.”

https://www.occrp.org/en/investigations/oligarchs-weaponized-cyprus-eranch-of-ukraines-largest-bank-to-send-5-billion-abroad

Bihus.info reported in February that it had obtained hacked text messages between Hladkovskyi’s son and other participants of the scheme in which they discuss how best to profit from selling military equipment to the Ukrainian army.

The way it worked was that, in 2015 the state-owned defense supplier Ukroboronprom purchased Russian equipment at several times the market rates, then laundered at least 250 million hryvnia (US$9 million) through various methods according to the outlet.

The texts explicitly discuss payments to Hladkovskyi, who was in charge of military procurement until Poroshenko suspended him from office on 26 February 2019 pending a criminal investigation, in the wake of the allegations. He has since been dismissed from the NSDC.

#4 GreaterFool on 04.22.19 at 1:44 pm

1% investors that can’t buy a house….
I went to Vancouver yesterday to see some places to rent, I just can’t understand how people live there, you have to make 200k + to have an ok life or share an apartment with other people. That place is absolutely screwed, almost every rental is owned by an investor and most of them are from China. Its easy to come up with 5% and let someone pay your mortgage, we need to restrict one house per family!!! Houses are homes and not atms…

#5 Adrian on 04.22.19 at 1:51 pm

“The moment hope turns into helpless.”
***

Thank you for this post, Garth, and your acknowledgement of this problem.

#6 Shock and Awe on 04.22.19 at 1:59 pm

Wouldn’t it be wonderful if the Roman Catholic Church took all the funds promised to the rebuilding of Notre Dame and instead allocated them to fighting poverty.

#7 AGuyInVancouver on 04.22.19 at 2:09 pm

#6 Shock and Awe on 04.22.19 at 1:59 pm
Wouldn’t it be wonderful if the Roman Catholic Church took all the funds promised to the rebuilding of Notre Dame and instead allocated them to fighting poverty
_ _ _
Considering the Roman Catholic church doesn’t own Notre Dame it wouldn’t make a whit of difference. It is owned by France. The Ministry of Culture coughs up $5 million a year for its maintenance. Looked at that way, those billionaires donating money are saving taxpaying yellow vests (if there are any) money that can be spent elsewhere.

#8 tkid on 04.22.19 at 2:15 pm

#6, Notre Dame Cathedral is NOT owned by the Roman Catholic Chirch. It is a France-owned property leased to the Church in perpetuity.

The RCC refused to contribute anything to the previous restoration.

#9 Shego on 04.22.19 at 2:18 pm

Who sent tanks? Where? When? I thought this blog was free of conspiracy theories. Citation please.

#10 jess on 04.22.19 at 2:20 pm

IRS impersonation scheme
Indian National Extradited to United States to Face Charges for Leadership Role in Multimillion Dollar India-Based Call Center Scam Targeting U.S. Victims

https://www.justice.gov/opa/pr/indian-national-extradited-united-states-face-charges-leadership-role-multimillion-dollar

Japanese Investment Company Executives Extradited on Charges Relating to $1.5 Billion Ponzi Scheme

Japanese authorities have extradited to the United States two former executives of a Las Vegas, Nevada, investment company in connection with their alleged roles in a $1.5 billion Ponzi scheme.

https://twitter.com/icijorg

Whistleblowers across the EU have won greater protection under landmark legislation aimed at encouraging reports of wrongdoing. Breakdown of the new rules via @BBCNews https://bbc.in/2V2QSzg #LuxLeaks #PanamaPapers #paradisepapers

https://www.occrp.org/en/panamapapers/overview/politically-exposed/

https://www.icij.org/investigations/panama-papers/first-american-charged-with-panama-papers-crimes-appears-in-court/

#11 Nat on 04.22.19 at 2:31 pm

Crazy thing is, that if housing never got so out of whack then you could actually live a good life on an average salary.

#12 Tom from Mississauga on 04.22.19 at 2:51 pm

Yup Garth, you’re definitely on to what’s actually happening. The #1 concern of people I work with is inflation of everyday goods and the elites slap us with a carbon tax, we don’t care about the environment, it’s about getting by the month’s payments.

#13 Axehead on 04.22.19 at 2:57 pm

#11. I Disagree. A wise man once told me “It’s not what you make, it’s what you spend.”

#14 millmech on 04.22.19 at 3:02 pm

#4 Greaterfool
Why rent in Vancouver, get a job anywhere else but there and rent if you want. In the valley there are lots of places that cost about a grand less per month to rent than buy. Let the landlord subsidies your living expenses, I am watching prices decline and wondering how people consider themselves smart investors when the asset they bought produces a negative income and is so illiquid that it could take a year or two to sell. Let the foreigners who drove up the price watch their investment lose 50%-60%, in a couple of years people will be glad they did not buy at the peak.
We met up with a couple from Texas this weekend and all they could do was laugh at how stupidly expensive our housing market is. They kept showing us “crack shack or million dollar house Vancouver”, laughing so hard at our idiocy as they have been through this before.

#15 Dogman01 on 04.22.19 at 3:09 pm

Great Post Garth!

A few random thoughts.

“The tipping point is up at the top: do the elites see the empire as a road to personal wealth? When they decide this, they go on an internal looting expedition, cutting their own taxes while increasing taxes on the lower classes. Rome did this, Spain did this and the UK did this. All empires do this.” – Niall Ferguson

I suspect to get to the top in most human societies you have to be ruthless and self-centered, winner take all end justifies the means, and those whom succeed like that view the victory as an entitlement of the spoils of the victory for them and their supporters. They do not seem to govern for the interest of those whom elected them. It takes a while to see this in action but the result is the electorate decides to “throw the bum out”. But then instead of the “Red Tie” guys (people) we now elect the “Blue Tie” guys and they are just the same leadership culture but maybe different supporters. After a few rounds of this, things noticeably deteriorate and eventually an outsider comes in and we say what the heck let’s try them……but it better work this time.

Globalism is simply not working for the average Westerner….yes it is working great for the 0.1% and benefiting the mass of humanity but not Joe Six pack Ontario wage earner.

#16 Joe Schmoe on 04.22.19 at 3:10 pm

#9

Really? Google Crimea Ukraine Russia….

#17 Henry on 04.22.19 at 3:19 pm

Garth, it is Ukraine; not the Ukraine. Thank you. Means a lot to them.
https://www.quora.com/Should-I-write-“Ukraine”-or-“the-Ukraine”

#18 espressobob on 04.22.19 at 3:25 pm

We live in interesting times. No wonder its a fend for self society.

The way I figure it, enjoy your life and live within your means.

No one gets out of this world alive.

Now back to some smooth bourbon after a long day on the links.

#19 Stan Brooks on 04.22.19 at 3:27 pm

https://ca.finance.yahoo.com/news/trapped-in-an-endless-cycle-of-debt-half-of-us-are-200-away-from-insolvency-181259878.html

#20 Mr Fundamental on 04.22.19 at 3:32 pm

#13 Axehead on 04.22.19 at 2:57 pm
#11. I Disagree. A wise man once told me “It’s not what you make, it’s what you spend.”

I agree with this 100%. Everyone likes to cry and complain a lot about how hard everything is.

This is a statement I find difficult to believe:
“The reality is that too many households simply cannot make ends meet, however hard they try.”

I understand that there are certain unfortunate situations that fall into this category. However, are most of these households really working hard and applying fundamentals to their lives? I tend to think it isn’t a matter of making ends meet, or not. Instead, it is a matter of retiring to a life of leisure at age 45 or age 55. Those poor 65 year-olds…

https://mrfundamental.com/2019/02/28/early-retirement-fundamentals/

#21 Alberta Ed on 04.22.19 at 3:41 pm

Name recognition, yes. Experience, no. Sounds like Sock Boy.

#22 NoName on 04.22.19 at 3:47 pm

“This isn’t simply a matter of people living beyond their means,” says the insolvency firm sponsoring the poll. “The reality is that too many households simply cannot make ends meet, however hard they try.”

And that’s the thing. The tipping point. The moment hope turns into helpless. It makes people vote for none-of-the-above; throw the bums out; to try the improbable and untested. The common good is an abstraction compared with the survival of their family.

Plumer with router did some kitchen unclogging at my place, i have to admit that they did an excellent job unclogging took less than an hour, bit expensive (230cad) but its going rate for that service.

To put thing in perspective when i factor my hourly wage and marginal tax rate and carbon tax, i have to work 11.5 hrs to clear enough to play plumer to fix my kitchen. Seeing working stiff pissed its not surprising. Luckily I/we saved enough on parkng today so we can buy us a cake…

#23 Julie K. on 04.22.19 at 3:59 pm

“In a democracy, everyone’s equal.” Not even close.

And I’m with #13 Axehead…except it was probably a wise woman ;)

Peace.

#24 Bobby Bittman on 04.22.19 at 4:03 pm

First paragraph today is a beauty!

To make things even easier for the narrative, maybe you could ask all the “bad guys” to wear black from now on.

#25 Chaddywack on 04.22.19 at 4:03 pm

I frequent this forum often because I’m relieved there are like-minded people. I think it is important to realize that there are many other people who live very differently than most of us on the forum.

Yes I’m a 1%er, probably in reality a 0.5%er, but I try to keep a low profile about it. I realize that a lot of us on this forum either are or are inspiring to be so and I don’t see anything wrong with that.

To some degree though this forum self-selects because it attracts people who are good with money, saving, and investing and are looking for help from others so it makes sense that high income and/or wealth people would be attracted to a financial forum…..I think a lot of us on here are in the same boat.

I, like Garth to some degree, cringe at government policies that are in place now to inhibit those of us who are successful financially. I do whatever I can (legally) to minimize the tax I have to pay to Trudeau. I’ve always tried to take on causes that help people become financially self-sufficient and I’m more than willing to help people who show an interest in getting better with money.

Sadly, most people I know are content spending everything, saving nothing, buying on credit to help their instagram image, and then moan and complain when they have nothing and want the government to take it from me. That’s where my patience runs very thin.

They say wealthy people lack empathy because they don’t need to rely much on others and have enough money to buy (or rent) in an exclusive neighbourhood where they don’t need to deal with the average person. To some degree it’s true I suppose, but I also think that a lot of it is that wealthy people are tired of having their success and achievements trampled on my jealous people who spend their money on pot and then claim to be “marginalized.”

Anyway all I can suggest to my fellow blog dogs is to embrace your financial astuteness, unapologetically embrace your success and status, but be willing to help those that WANT or SEEK your help become part of the club. There is not a single second I wouldn’t help someone learn who had genuine interest in learning about financial matters, but if someone is looking for a handout to make the same mistakes….forget it!

#26 Shawn Allen on 04.22.19 at 4:06 pm

What exactly is the Cost of Living in Toronto and Vancouver versus other places in Canada?

I don’t recall ever seeing a simple comparison of the cost of living for Toronto versus other cities in Canada. Something that would show housing costs, commute costs, food costs, and all the other major line items.

It seems to me that Statistics Canada has this data given that they have inflation by province and big City. They know the cost of their “standard basket” by City but do they show the comparison? I subscribe to a daily report from stats Canada but have never seen this comparison. And I have been watching for it for decades.

Probably such comparisons exist and I have just not come across it.

Has anyone got a link to such a cost of living comparison?

My guess is Alberta will have some of the lowest costs due to no provincial sales tax and lower income taxes.

#27 Kevin on 04.22.19 at 4:23 pm

Great post, Garth. Thank for putting things in context. Things are getting worrisome, with increased polarization, populism and nationalism. :(

#28 Keith in Rio on 04.22.19 at 4:25 pm

DELETED

#29 Doug t on 04.22.19 at 4:31 pm

The 1%er’s better invest in a bunker because the rest of the population will eventually turn on them – history repeats itself – tick tock

#30 Hindsight on 04.22.19 at 4:36 pm

Simple human nature….the yellow vests are right !!!….donations equal huge Tax returns for the uber wealthy….which really translates to the tax payers paying for it !!!!…..besides the catholic church are wealthy enough to pay for there own repairs !!!!

#31 Dolce Vita on 04.22.19 at 4:38 pm

Et tu, Unsinkable Garth?

Efficient markets and globalism? Will never end well. The 7 Deadly Sins.

Money a finite resource. Few have it, many do not.

Therein lies the problem.

————————————————-

Buona Pasqua e Ciao d[*]Italia.

* You forgot Salvini.

ONLY 1 of the G7 with increasing “POPULARITY”.

Deeds and actions speak louder than words.

#32 jess on 04.22.19 at 4:41 pm

the shaming?
A wave of satellites set to orbit the Earth will be able to pinpoint producers of greenhouse gases, right down to an individual leak at an oil rig.

..”The information may reinforce shareholder pressure on companies to disclose and reduce emissions.

https://www.insurancejournal.com/news/international/2019/04/18/524208.htm :

More than a dozen governments and companies have or are planning to launch satellites that measure concentrations of heat-trapping gases such as methane, which is blamed for about one quarter of man-made global warming. They are looking to track nations, industries, companies and even individual facilities to identify some of the biggest contributors to climate change.
“Space-based technologies are allowing us for the first time to quickly and cheaply measure greenhouse gases,” said Mark Brownstein, a senior vice president at Environmental Defense Fund, which plans to launch its MethaneSAT in 2021. “Oftentimes both government and industry are not fully aware of the magnitude of the opportunity to cut emissions. With that data, they can take action.”

The satellite projects are a mix of public and private efforts that vary from the European Space Agency’s Sentinel-5 Precursor satellite to Montreal-based GHGSat Inc., which plans a constellation of satellites. ESA, whose craft launched in 2017, released a global map of methane offering insights into where the gas originated. The new satellites can detect invisible bands of the light spectrum, allowing for the identification of gases such as methane and carbon dioxide.

“Seeing exactly who is emitting what, where, how much and when is a must in order to reduce emissions and stop climate change,” said Yotam Ariel, the founder of Bluefield Technologies Inc., which plans to have its first gas-measuring microsatellite in orbit by the end of next year.

#33 Shawn Allen on 04.22.19 at 4:46 pm

The People Are Revolting?

#29 Doug t on 04.22.19 at 4:31 pm
The 1%er’s better invest in a bunker because the rest of the population will eventually turn on them – history repeats itself – tick tock

***********************
There may be truth to that. I have observed for years that the United States has enormous wealth disparity and (worse) millions of quite poor people who don’t see much of a better future – and almost all of whom have guns – apparently many have basically machine guns. (assault rifles). What could go wrong?

#34 PastThePeak on 04.22.19 at 4:48 pm

Garth,

You are right to call out the extremism of many on the “populist” bent. While one can understand the frustration that drives many, there are definitely some ugly ideologies driving some.

You are notably silent though on the far left that advocate for increased wealth redistribution, massive deficits, scream that climate change will destroy the world in 10 (or is it 12) years, and govern through identity politics. Nothing in this policy bag is helpful.

It is extremes on both sides which are causing the issue. Just because the progressive side “sounds nicer and believe that they have good intentions” doesn’t mean they wouldn’t lead down the road to ruin.

In the US in particular, I would imagine the majority of the population do not feel they are well served by either party, but a “middle option” doesn’t seem to be on the table. Canada has 3 or 4 parties on the left, and one on the right (although even they are not very fiscally conservative compared with the US).

#35 Sold Out on 04.22.19 at 4:51 pm

Thanks for today’s blog Garth; I believe that you actually get why the 99% are angry. I’ve been extremely fortunate to have made the hard-scrabble climb from the struggling end of the socio-economic spectrum, to the relative comfort of an early retirement; I just want everyone else to have the same opportunity. I don’t believe in handouts, but when genuine hard work and effort only leads to financial precarity, something has to give.

#36 Vampire Studies (post grad) on 04.22.19 at 4:55 pm

Shawn – is your google broke? here is one for you to start

https://www.narcity.com/ca/on/toronto/lifestyle/this-is-what-it-costs-to-live-in-every-major-canadian-city

#37 FreeBird on 04.22.19 at 4:55 pm

UK’s Rick Mercer (minus our censures) on populism, Brexit and the climate. Agree or not he’s good for a laugh…and we could all use one.

https://youtu.be/5Hrn6vnOjRs
https://youtu.be/-IL2XwSkFJQ
https://youtu.be/svP4iZwEnOw

#38 NoName on 04.22.19 at 5:04 pm

#33 Shawn Allen on 04.22.19 at 4:46 pm
The People Are Revolting?

#29 Doug t on 04.22.19 at 4:31 pm
The 1%er’s better invest in a bunker because the rest of the population will eventually turn on them – history repeats itself – tick tock

***********************
There may be truth to that. I have observed for years that the United States has enormous wealth disparity and (worse) millions of quite poor people who don’t see much of a better future – and almost all of whom have guns – apparently many have basically machine guns. (assault rifles). What could go wrong?

Now that you aksd, what could go wrong, they could start reading history books and came acros plans for guillotine…

#39 Mattl on 04.22.19 at 5:06 pm

#20 Mr Fundamental on 04.22.19 at 3:32 pm
#13 Axehead on 04.22.19 at 2:57 pm
#11. I Disagree. A wise man once told me “It’s not what you make, it’s what you spend.”

I agree with this 100%. Everyone likes to cry and complain a lot about how hard everything is.

This is a statement I find difficult to believe:
“The reality is that too many households simply cannot make ends meet, however hard they try.”

I understand that there are certain unfortunate situations that fall into this category. However, are most of these households really working hard and applying fundamentals to their lives? I tend to think it isn’t a matter of making ends meet, or not. Instead, it is a matter of retiring to a life of leisure at age 45 or age 55. Those poor 65 year-olds…

———————————————————-

I wonder this as well. It’s nearly impossible to find labour, skilled or otherwise. I mean I can’t find people in my area to do mindless but otherwise safe labour for 20 bucks an hour cash. With the market at full employment, lots of two parent working families, how are people struggling so bad to make things work? I mean pick up a second job, cut back on spending, sell your overpriced house, whatever.

What are people going to do when we are actually in a down market? If you can’t make ends meet when any pinhead can walk into a job making 50-60k, what are people going to do at 8-10% unemployment and their houses worth 1/3 less? Seriously, the last 10-20 years have been insanely easy, we have gotten lazy as a culture.

#40 FreeBird on 04.22.19 at 5:07 pm

PS. If you want some perspective on life drop into an in-patient hospice or palliative ward. If that doesn’t work turn on the news or scroll thru YouTube. If you’re not allergic adopt a dog, or cat or whatever. Laugh or cry. Our choice.

#41 Woe Of The World on 04.22.19 at 5:13 pm

Most of the world’s problems can be reduced to a struggle between the Resource Class and the Creative Class – those in control of the earths raw materials and those who invent ways to use these resources.
Borders have divvied the natural resources – but containing an idea mined from the ether is more difficult.
The Resourcers want control of the Inventors by way of multinational corporations and are using the working class as pawns. For the Creators to flourish in a global economy , they need to have license – or a proportion of choice – over the dissemination and destiny of their works.

#42 Loonie Doctor on 04.22.19 at 5:13 pm

1%er. Check.
Financial Nerd. Check.
Investor. Check.
Professional. Check.
Dog aficionado. Double big slobbery check.

Guess I am stereotypical, but I wasn’t born this way other than the nerd part and dog parts.

The wealth divide globally is huge. Within Canada I don’t think it is as bad, but we all compare ourselves to those we see around us. Especially those who have what we want. Like a card game, our financial success is a combination of the cards we have been dealt, how carefully we play them, and some luck. Being born in Canada already gives most of us a pretty decent basic hand. We have electricity, indoor plumbing and sanitation, public education, healthcare, policing, and a social safety net. There are some extreme exceptions like in severe poverty or isolated communities, of course. You can also have access to these amenities yet face social barriers to them (usually things that simply throwing money at doesn’t fix). I consider myself very fortunate and would even if I had an average income – I was born in Canada to good supportive parents. Funny, how well off people think they are is both personal, yet relative.

This type of envy inevitably leads to those with greater numbers eventually taking what they want. Usually, a destructive process. I think the uber elite, both here and elsewhere have been clever in redirecting the ire. Here, it has been people like Mourneau and Trudeau vilifying those who EARN high incomes or build their own wealth rather than those who inherited wealth. If anything, this makes the divide between that elite class and the rest of insurmountable – even if you play your cards right.
-LD

#43 Debtslavecreator on 04.22.19 at 5:18 pm

Most are angry at themselves but seek to blame anyone other than look in the mirror
Most Canadians are naturally programmed to make poor financial choices
No one forced you to make the CHOICE to borrow or spend on unecessary consumption
That said at a high level the junk , nearly fraudulent monetary policy and related government housing financialization schemes are directly responsible for over 90 % of our financial and societal problems
When the day comes that Joe six pack recognizes this then we will see mass riots in front of the Bank of Canada’s office
Then and only then we will know we are close to a truly special day

#44 Howard on 04.22.19 at 5:20 pm

So? Canadian women elected Justin Trudeau because they liked his hair. I’d rather have the comedian.

#45 Bob Dog on 04.22.19 at 5:20 pm

Globalism is only for corporations and the people who control them. Free trade, free flow of capital and porous borders. Temporary foreign worker, moving entire industries for cheap labour.

Let’s try free movement of people across borders. Watch the population of Canada drop by 60% within a year.

#46 yorkville renter on 04.22.19 at 5:23 pm

economic uncertainty is the biggest threat to Western Civilization.

if you feel OK economically then you don’t care what other people do or dont do.

#47 Dogman01 on 04.22.19 at 5:24 pm

A few more thoughts Garth’s article evokes:

“We really are one major recession away from some really hard political lines being drawn across the west.” -Comment on the Internet.

“The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts.” – Bertrand Russell

Last week a poster here made the observation that if the Mueller Investigation was targeted at Russian meddling in the US Election; it would have been an endeavor valuable to the US polity. Instead it was a targeted political attack, Did Trump Collude with Russia.
So No Trump did not collude….but Russian still interfered and that is getting missed.
It is more important they go after their local rivals vs defend their entire system.

On censorship of radicals: If you cut off the rattle you will not know where the snakes are….

We seem to be living in “Interesting times”.

Last an opinion on the merits of our PM: https://www.youtube.com/watch?v=GiAF1_osKB8

#48 Jay Currie on 04.22.19 at 5:27 pm

No collusion and no criminal obstruction – Mueller was a bust because there was no underlying crime to investigate. Time to move on.

When elites get it wrong – whether it is on useless carbon taxes, the inability to build pipelines, interfering with the rule of law, or spending way too much to deliver way too little – there are the conditions for the rise of right or left wing populism. Unfortunately, Canadian, American and British elites have been getting dumber and more out of touch for the last thirty years.

The upside being that, over the last 30 years, they have entirely lost control of the information flows in society. Thus your blog and hundreds of other alternative information sources underscore just how dumb the elites have become. This would not have happened back in the day of newspapers and three channels of TV.

We no longer have to rely on CNN and the CBC for whatever it is they are claiming is “news” these days. We can get other points of view and make up our own minds. This terrifies the ever dumber elites – and it should.

#49 jim on 04.22.19 at 5:29 pm

People complain that Trudeau isn’t tough enough and others complain that Trump is the opposite…
People just like to spend all day complaining…economy is doing fine…move along.

#50 yorkville renter on 04.22.19 at 5:30 pm

#21 – sock boy has been an MP for over a decade… is that not enough experience for you?

#51 3s on 04.22.19 at 5:30 pm

An failure of politics so epic that even a Trump becomes acceptable…

Shame on the leadership of a broken world.

#52 NoName on 04.22.19 at 5:34 pm

#26 Shawn Allen on 04.22.19 at 4:06 pm
What exactly is the Cost of Living in Toronto and Vancouver versus other places in Canada?

I don’t recall ever seeing a simple comparison of the cost of living for Toronto versus other cities in Canada. Something that would show housing costs, commute costs, food costs, and all the other major line items.

dont know how acurate numbers are but used as for anegdotal reference is ok, i think.

https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=Canada&country2=Canada&city1=Toronto&city2=Vancouver

#53 Arto on 04.22.19 at 5:36 pm

Garth, you forget the Comedian in the Ukraine replaced a guy who sold chocolate. So it wasn’t like he was replacing someone with experience

He owns the factories. He does not sell chocolate. – Garth

#54 Mr Canada on 04.22.19 at 5:36 pm

I am a glass is “half full” king of guy. Too many bloggers here are fearing the end is nigh. Sure we have troubles – we always will. For example, poverty in Canada actually went down last year for the first time in years. We define the Poverty Line in Canada as a family of 4 only making $44,000 a year. If you earn this much, sure it’s tough, but you are the richest 12.6% of the entire world and 9 times higher than the global average. Life is short people, and a majority of you reading this blog likely fall into what my Doctor says, “you have 20 good summers left”, so reflect on that and focus on what’s really important.

#55 Re-Cowtown on 04.22.19 at 5:41 pm

“Last week a special counsel report said Trump obstructed justice ten times, ” – GT

++++++++++++++++++++++++++++++++++

If Trump had obstructed justice even once he would have been indicted. Ten nothing events do not add up to a crime. Nor do 100, nor 1000.

As Einstein said about the Nazis sending scores of scientists to discredit him “If I am wrong, one would be sufficient.”

No crime, no time. Doesn’t matter how outrageous the imaginary the crime is nor how great the outrage at an outrageous imaginary crime.

And I don’t think any of us would want to live in a world where people are prosecuted for imaginary crimes.

#56 People love their cheap crap on 04.22.19 at 5:42 pm

Leonard Cohen told his family, in his final days, he was confident Donald Trump would be elected president of the United States.

The Montreal singer-songwriter’s son Adam recalled the prediction at Saturday’s Juno gala dinner, where his father received a posthumous artist of the year prize.

Cohen’s son says the notion of Trump winning seemed “absurd” to everyone around his father.

“He was one of the only people I know, who had the most absurd prediction that anybody in my midst would dare have: he predicted Donald Trump was going to be the president of the United States, which of course made us all laugh hysterically.”

They assumed the medical marijuana he was ingesting clouded his logic, he says.

“He was stoned out of his mind,” Adam says. “What did he know, we thought. But it turns out the old man was right.”

Steer your way through the ruins
Of the altar and the mall
Steer your way through the fables
Of creation and the fall
Steer your way past the palaces
That rise above the rot
Year by year
Month by month
Day by day
Thought by thought

Steer your path through the pain
That is far more real than you
That smashed the cosmic model
That blinded every view
And please don’t make me go there
Tho’ there be a god or not
Year by year
Month by month
Day by day
Thought by thought

They whisper still, the ancient stones
The blunted mountains weep
As he died to make men holy
Let us die to make things cheap
And say the Mea Culpa which you’ve probably forgot
Year by year
Month by month
Day by day
Thought by thought

#57 Reximus on 04.22.19 at 5:54 pm

#4 you went to Vcr to see about a rental and all the properties seemed to be owned by investors?

how shocking

#58 Ace Goodheart on 04.22.19 at 6:00 pm

RE: “He’s said he would rather have his brother dead than be gay and sprinkled crudities about women and natives. His popularity runs high.”

For about ten years now i have been really wondering about how human beings could have gotten so advanced, as a group, and built such empathy and respect for others.

As I watch it all fall down, like the ceiling in Notre Dame, and be replaced by fire and crudities, my faith in humanity is restored.

We really are a dirty little race of over intelligent monkeys.

#59 Bobby Bittman on 04.22.19 at 6:05 pm

#53 Arto

Garth’s right. It said “factory owner” on his bio when he was selected by Victoria Nuland to run the country.

#60 Shego on 04.22.19 at 6:12 pm

#16 Joe Schmoe

I did google. Couldn’t find anything except conspiracy theories and reports of Russia moving troops within its own borders. Nothing about tank deployment to Ukraine, which is why I am asking for claims to be backed with something other than “google it”. How many tanks, which region, what date?

Meanwhile I suggest you google “conspiracy theory”.

#61 Alessio on 04.22.19 at 6:14 pm

Tomorrow the headline will be “Canadians feeling better about financial outlook as their debt ratio decreases”

#62 DON on 04.22.19 at 6:16 pm

#50 yorkville renter on 04.22.19 at 5:30 pm

#21 – sock boy has been an MP for over a decade… is that not enough experience for you?
**********************************
I am more worried about the ‘type’ of experience these political leaders draw from.

#63 Herge on 04.22.19 at 6:21 pm

“Millions of uninformed people were asked ”

Utter cr*p
The people who were uninformed believed the pile of garbage peddled by the remainics with Stockholm syndrome.

For the very first time in a looooong time voting was supposed to make a difference. The sham of democracy has been exposed.

By constituency: 406 Leave, 242 remain
By voting area: 263 Leave, 119 remain
By Labour constituencies 148 Leave, 84 remain.
By Tory constituencies 247 leave, 80 remain
But:
By MP: 248 Leave, 400 Remain

#64 pay your taxes on 04.22.19 at 6:22 pm

Lots of lip service from the upper crust about environmental issues and global warming (denier here!) but what action do they take? They want to keep living in 5000 ft2 houses, driving an SUV to work every day (from the ‘burbs, no less) and get the rest of us to subsidize their lifestyle via carbon taxes. If people who lived like that had to pick up the true costs there’d be blood in the streets, or more likely a new set of tax deductions to shift the cost onto the rest of us.

A carbon tax is an everything tax, it’s inescapable no matter how a person lives. And the impact of those taxes hit the little people a lot harder than the wealthy who consume more and cause the lion’s share of the problem. The tax rebates that Trudeau keeps crowing about have a tendency of being clawed back over time so I’ve got a better idea. Save the administration cost and scrap the tax. Trees and oceans absorb carbon, taxes don’t.

I work with people from Crimea and they tell me the situation there is far more complex and nuanced than the media reports it. The Americans might have a new puppet in power to continue the proxy war but nobody knows for sure yet.

The situation in Brazil is a mess according to the people I know who live there. Bolsonaro’s sons are going to get their father killed with their stupid tweets, the latest being critical of the military. Every minister and his cousin from Sao Paulo is being convicted on corruption charges. It’s so bad that the government can barely function and they’ve made serious attempts to muzzle the media.

#65 Re-Cowtown on 04.22.19 at 6:23 pm

To paraphrase the old saying “people go mad in crowds, then regain their sanity one by one”

And that is why you are starting to see the odd Democrat beginning to wake up, break ranks and not want to impeach Trump. These woke few have finally figured out impeachment is a losing hand.

It appears you have it backwards. Few Dems, including the leadership, want impeachment. – Garth

#66 oh bouy on 04.22.19 at 6:24 pm

@#54 Mr Canada on 04.22.19 at 5:36 pm

Life is short people, and a majority of you reading this blog likely fall into what my Doctor says, “you have 20 good summers left”, so reflect on that and focus on what’s really important.
_____________________________

probably closer to 10 but who’s counting.

#67 Waldguy on 04.22.19 at 6:25 pm

I talked to a 1%er this weekend. Actually, he’s filthy rich. He lamented the fact that he had to give his employees more holidays and pay more than he used to.
“Why should I care,” he said, “I don’t even know these people.”
Hardly the picture of the benevolent employer trying to lift the well-being of people who contribute to his wealth.
I wonder how these employees vote….

#68 MF on 04.22.19 at 6:27 pm

#45 Bob Dog on 04.22.19 at 5:20 pm

“Let’s try free movement of people across borders. Watch the population of Canada drop by 60% within a year.”

-Completely myopic and incorrect comment.

If our borders became 100% porous, you watch the value of GTA (and our other cities) real estate go parabolic so fast it would make our heads spin.

The small bunch of miserable, bitter, and often unsuccessful Canadians who leave for “greener pastures” that don’t exist will be a drop in the bucket compared to the number of people coming in for a better life from other lands who seek peace and don’t care about the fact they aren’t worth 1 billion by age 30.

MF

#69 akashic record on 04.22.19 at 6:33 pm

Did Mueller fail to find collusion, because there was no collusion, or because the obstruction made it impossible for his investigation to find the collusion?

If Mueller did not find collusion, because there was no collusion, is obstruction of justice a second technical chance to convict, in case there is no collusion?

If there is no crime, can obstruction of justice exist in investigating the non-existing crime?

#70 Penny Henny on 04.22.19 at 6:37 pm

Obviously it would be fine if millions of ill informed citizens voted against Brexit. But that was not the case.
Uninformed and vote Brexit= bad.
Uninformed an vote against Brexit= Good

,,,,,,,,,,,
In Britain the genie of populism slipped the surly bounds back in 2016 with a referendum on leaving the EU. Millions of uninformed people were asked to vote on the planet’s most complex trade and economic agreement.-GT

#71 Sail away on 04.22.19 at 6:41 pm

#25 Chaddywack on 04.22.19 at 4:03 pm

There is not a single second I wouldn’t help someone learn who had genuine interest in learning about financial matters, but if someone is looking for a handout to make the same mistakes….forget it!

———————————————————

Haha- absolutely! When friends or family members approach me for financial advice, it usually turns out they actually want to expound on or invite me into their own financial plan. The big thinkers are the worst, because apparently thinking big means not accounting for points, percentages, trading fees, commissions, closing costs, or in general, reality.

#72 crowdedelevatorfartz on 04.22.19 at 6:44 pm

Total agreement about the electoral “meltdown” of democracies all over the world.
But politician’s greed and the self interests of the Lobbyists that bought their election campaigns….have a huge role in that world wide debacle.

Anywho back to Canuckda.

Perhaps if govts were to teach “financial intelligence” as opposed to “political correctness’.

48% of Canadians wouldnt be one missed pay cheque from living on the street?

When this economy stumbles, a lot of Greaterfools are going to learn what a “budget” is all about.

Time to invest in insolvency firms…..

#73 Yukon Elvis on 04.22.19 at 6:50 pm

The common good is an abstraction compared with the survival of their family.
……………………………………

The common good is also an abstraction when it is election time. Politicians will say and do and promise and give away everything and anything to buy votes. It is no wonder at all that we hate them and vote for clowns and comedians. How does anyone not get that ?

#74 Headhunter on 04.22.19 at 6:52 pm

Wow when master garth posts about the 99% struggling the “tipping point” for sure has been reached.

MF.. ur killing me.. better life and peace. Yes you will need a cool billion.

#75 crowdedelevatorfartz on 04.22.19 at 6:53 pm

@#55 Re Cowtown
“If Trump had obstructed justice even once he would have been indicted.”
++++

Its only been a few weeks since the redacted report was made public…
Give the investigators time.

AND dont worry.
IF Trump is forced to resign under a looming impeachment cloud his VP Pence will “pull a Ford” and pardon him as he walks to the Helicopter on the White House lawn…
With a smirk and a wave, off he will go to his Florida resort, kinda like Al Capone

And the 1% get richer…….

#76 Penny Henny on 04.22.19 at 6:54 pm

#22 NoName on 04.22.19 at 3:47 pm

Plumer with router did some kitchen unclogging at my place, i have to admit that they did an excellent job unclogging took less than an hour, bit expensive (230cad) but its going rate for that service.

To put thing in perspective when i factor my hourly wage and marginal tax rate and carbon tax, i have to work 11.5 hrs to clear enough to play plumer to fix my kitchen. Seeing working stiff pissed its not surprising. Luckily I/we saved enough on parkng today so we can buy us a cake…
???????????????

Hello Zlatko no name.
Rent hand operated 50′ snake from Home Depot for $25/ 4hrs.
Make sure you wash hands after

#77 espressobob on 04.22.19 at 7:05 pm

#66 Waldguy

Individuals that turn themselves into valuable commodities don’t suffer manipulation by the 1%.

The path of least resistance doesn’t always pay.

Choices.

#78 akashic record on 04.22.19 at 7:06 pm

Some say the video of Joe Biden’s talk at the Council of Foreign Relations won the election for the comedian in Ukraine.

“Biden pledged U.S. financial and technical assistance to Ukraine for “unconventional” gas resources (i.e. fracking). Biden’s son Hunter was put on the board of the largest private gas company in Ukraine (along with a financier and long-time family friend of former Secretary of State John Kerry) and when that gas company was threatened with investigation, with video cameras rolling at the Council on Foreign Relations, [starts at 52.00] Biden described how he threatened Poroshenko in March 2016, saying that the Obama administration would pull $1 billion. Biden claimed he gave the country six hours to fire the prosecutor before he left Ukraine or he would bankrupt the country.

https://www.youtube.com/watch?v=Q0_AqpdwqK4&feature=youtu.be

After Poroshenko replaced the prosecutor with one to Biden’s liking a WikiLeaks document shows he was prepared to move forward with the signing of the third $1 billion loan guarantee agreement.”

https://consortiumnews.com/2019/04/22/ukraine-why-ou-lost-by-a-landslide/

Best part is that Biden is planning to run in 2020.

#79 Vision on 04.22.19 at 7:08 pm

When I drive by the new homes being built in around Bayview area in Toronto, I see the frames set up with 2 by 4 wood, then covered with flimsy plywood sheets and then a thin veneer that looks like solid stone. When the monster home is finished it looks impressive. But that is only looks. People pay 2- 3 million for those homes.
How long will these flimsy homes last? Wonder if it will be a maximum of 50 years? What then? Knock them down again? Prices of homes have become so outrageous and yet sheeple continue to buy, putting themselves into huge debt. Over stretching themselves so that they can have the privilege of living in a luxury house. Yet so much debt. All to show others the image of prosperity and make themselves feel good.
In the end it is just an overpriced, flimsy house.
Does not make any sense to me.

#80 VicPaul on 04.22.19 at 7:10 pm

Garth, you said, “In a democracy, everyone’s equal. One person, one vote. Winning election means capturing the attention and support of many, not just the privileged and successful.” Given that the wealthy, priviledged are an over-whelming minority, I can only assume you’re speaking of the proletariat class that votes to have an increasingly socialist government save them from their inability to delay their personal gratification until it has been earned.
“In fact it’s a feeling of disenfranchisement that motivates voters and feeds populism’s flames”…. you mean like the radical left’s victim mentality, Identity politics in the States (AOC, et al)?
Then comes wisdom from the insolvency firm, “This isn’t simply a matter of people living beyond their means,” says the insolvency firm sponsoring the poll. “The reality is that too many households simply cannot make ends meet, however hard they try.” What the f**k does THIS mean….That the thousands of people who couldn’t afford houses, new foreign cars, vacays bought them anyway and now are struggling….and it’s NOT people living beyond their means…? THIS is what passes for reporting these days…someone’s opinion based on…feelings.
Sheesh, no wonder we’re f**ked.

#81 Re-Cowtown on 04.22.19 at 7:12 pm

#64 Re-Cowtown on 04.22.19 at 6:23 pm
To paraphrase the old saying “people go mad in crowds, then regain their sanity one by one”

And that is why you are starting to see the odd Democrat beginning to wake up, break ranks and not want to impeach Trump. These woke few have finally figured out impeachment is a losing hand.

It appears you have it backwards. Few Dems, including the leadership, want impeachment. – Garth
++++++++++++++++++++++++++++++++++++

https://splinternews.com/many-democratic-voters-apparently-no-longer-want-to-imp-1833452266

“And yet, according to a new poll from CNN, support for impeaching the president has dropped considerably among Democrats since December.

The poll, conducted by market research firm SSRS, found that support for impeachment among all Americans has fallen from 43 percent in December to 36 percent now. Most of that drop is among Democrats, whose support for impeachment has dropped by 12 points, from 80 percent to 68 percent, over that period.”

++++++++++++++++++++++++++++++

Only 68% of Democrats now want to impeach Trump. Down from 80%. But far more than “a few” which implies a small minority.

The Democrats are still in full blown Trump Derangement Syndrome, with most of their leadership leading the charge. Pelosi figured it out a while ago and Gabbard woke up yesterday.

The rest are still in left field.

#82 TurnerNation on 04.22.19 at 7:16 pm

City Council should ban single-use Leftists.

#83 Remembrancer on 04.22.19 at 7:22 pm

#74 crowdedelevatorfartz on 04.22.19 at 6:53 pm
With a smirk and a wave, off he will go to his Florida resort, kinda like Al Capone
———————
What, like Al Capone, going to jail and dying of syphilis-related complications?

#84 Nonplused on 04.22.19 at 7:28 pm

“This isn’t simply a matter of people living beyond their means,” says the insolvency firm sponsoring the poll. “The reality is that too many households simply cannot make ends meet, however hard they try.”

Surely the right thing to do then is impose an onerous consumption tax on energy, which disproportionately targets the 99%? I’m sure all those people who just got a raise to $15/hour will have no problem coming up with the extra couple of thousand bucks a year this is going to cost them. It makes perfect sense in the world of liberal logic to me.

The carbon tax raises the price of everything, from food to transportation (even transit) to heating to charging your phone to Slurpees. The 99% were already conserving as much as they could on those things because energy is already pretty darn expensive.

As an example of the effects of this kind of pure nuttiness, the school board in my area has had to scale back the bus routes, so they won’t go into culdesacs anymore. This means the kids have to walk up to a kilometer each way on roads that have no sidewalks. The alternative is to charge more but the province won’t let them. This, my friends, is increasingly what the world will look like as increasing government taxation eventually drives us all into poverty. Kids walking on the same roads as the snow plow. Somebody is going to get killed eventually.

It is a simple rule of economics: Taxes, no matter how applied, reduce purchasing power. So it’s no wonder everyone is going broke.

#85 Lawnboy on 04.22.19 at 7:29 pm

#68 Ashy Record

This might help you decide. I found this on WaPo and cant stop reading. Very informative blog.

https://www.emptywheel.net/2019/04/21/how-collusion-appears-in-the-mueller-report/

LB

#86 Figure it Out on 04.22.19 at 7:31 pm

“If there is no crime, can obstruction of justice exist in investigating the non-existing crime?”

Of course. Bill Clinton was impeached for lying about not “having sex” with “that woman,” which wasn’t, in itself, a crime.

#87 Willy H on 04.22.19 at 7:31 pm

pop·u·list
/ˈpäpyələst/
noun
1.
a person, especially a politician, who strives to appeal to ordinary people who feel that their concerns are disregarded by established elite groups.

Trump is NOT a populist. Trump poses as a populist and spins his legislative “achievements” as populist, yet nothing could be further from the truth. Trump has no moral compass. Trump is a papier-mâché populist Mephistopheles. There is nothing of substance in terms of intellect or morality.

His tax cuts benefit elites (like himself) and corporations and his health care reforms are watering down benefits for ordinary working class Americans.

Trump is a 21st snake-oil salesman.

Not sure that Brexit is a populist move, rather good old fashioned isolationism and jingoistic exceptionalism at work.

We all know how this will end.

It took the ancient Greeks several generations to undo the damage Cleon did after he rose to power in 430BC on a populist wave.

Populism has been bobbing up and down in modern Europe for over 20 years, mostly contained to south-eastern Europe with the most recent exception being Poland.

Italy is perhaps an extreme example of what populism can do to a first world country in just a few decades. Italy is an economic basket case, Rome is literally falling into ruin for a second time as nepotism, cronyism and medieval guild-like business regulations flourish.

Populism has been alive and well in the America’s as well, in both Venezuela and Cuba under Hugo Chavez and Fidel Castro.

#88 BobC on 04.22.19 at 7:31 pm

Millions and millions of people around the world are wrong. What can ya do…
Be sure to have a bug out place for when the little people have had enough.

#89 Basil Fawlty on 04.22.19 at 7:31 pm

Is it not ironic that the NAFTA “Free Trade” agreement is 1700 pages long?

You would think that a signature page would be enough, if trade is truly free.

Of course, some critics call it a corporate rights agreement. However, they probably associate with populists and wear yellow vests.

#90 Nonplused on 04.22.19 at 7:31 pm

#75 Penny Henny

Your solution to NoName’s problem is to put the plumber on UI? That’s what would happen if everyone took this advice to the extreme.

#91 Figure it Out on 04.22.19 at 7:32 pm

“What exactly is the Cost of Living in Toronto and Vancouver versus other places in Canada?”

expatistan.com

#92 crowdedelevatorfartz on 04.22.19 at 7:33 pm

@#77 Remembrancer
“What, like Al Capone, going to jail and dying of syphilis-related complications?”

*****

We can hope…cant we?

#93 Remembrancer on 04.22.19 at 7:34 pm

#68 akashic record on 04.22.19 at 6:33 pm
If there is no crime, can obstruction of justice exist in investigating the non-existing crime?
———————–
Yes, check out the legal concept of mens rea… the supposed non-crime and the obstruction of justice, in the investigation of that supposed non-crime are two separate issues if you are purposely impeding the investigation out of a guilty mind. In the US, it (obstruction of justice) is more specific to deliberately impeding the activities of government officials – like say blocking a police car from pursuing your buddy’s car as he gets away, or say firing the director of a law enforcement agency to accomplish something similar…

#94 dr talc on 04.22.19 at 7:40 pm

That’s right, paint a sign and walk around in circles.
Folks, there is one side, playing chess with its imaginary adversaries. The side is England. It has controlled Russia for hundreds of years, since the Muscovy Company. Persia, USA. etc. anything to the contrary is smoke and mirrors for children.. and that guy in Alberta who wants to scrap the B20 is not a ‘renegade’, no, he’s another actor, the banks want to scrap B20

#95 acdel on 04.22.19 at 7:40 pm

#54 Mr Canada

Your post should be at number one today.

#96 I believe everything on Television on 04.22.19 at 7:44 pm

Apparently Notre Dame has no fire insurance, that’s right.

#97 renter in Surrey on 04.22.19 at 7:48 pm

#68 MF on 04.22.19 at 6:27 pm

… number of people coming in for a better life from other lands who seek peace and don’t care about the fact they aren’t worth 1 billion by age 30.

————————————————————————————–
but if they aren’t worth $1 billion by age of 30 how would they afford 1-br condo in GTA?

#98 SunnyDays on 04.22.19 at 7:50 pm

Is Alberta’s future as predestined as this article describes it?
https://zeihan.com/albertas-tryst-with-destiny/

Would be interested in views from folks who live in Alberta.

#99 conan on 04.22.19 at 7:52 pm

Trump is around 39 %, and Bolsanaro…..33%.
I think populism is fading away. The upcoming. Canadian Federal election will prove my point.
So calling it here and now. T2 repeats and the Democrats demo the Trumpster in 2020.

#100 AK on 04.22.19 at 7:54 pm

“His opponents totally missed that and paid a price. They responded by attacking the character and fabric of the man – aspects his supporters ignore.”
====================================

Indeed. That’s what happened when the Democrats refused to look past California and couple of other states.

So, instead of them trying to work for the American people, they are holding a freaking conference, in order to decide whether they should proceed with impeachment. Total morons they are.

And of course, this will lead to a President Trump 2020 Landslide.

#101 Sail Away on 04.22.19 at 7:54 pm

#66 Waldguy on 04.22.19 at 6:25 pm

I talked to a 1%er this weekend. Actually, he’s filthy rich. He lamented the fact that he had to give his employees more holidays and pay more than he used to.
“Why should I care,” he said, “I don’t even know these people.”
Hardly the picture of the benevolent employer trying to lift the well-being of people who contribute to his wealth.
I wonder how these employees vote….

————————————————

Good thing he represents only 1% or less of the population then, no?

#102 akashic record on 04.22.19 at 7:56 pm

#86 Figure it Out on 04.22.19 at 7:31 pm

“If there is no crime, can obstruction of justice exist in investigating the non-existing crime?”

Of course. Bill Clinton was impeached for lying about not “having sex” with “that woman,” which wasn’t, in itself, a crime.

OK. How exactly would that translate?

Bill Clinton actually had sex, he had reasons to lie, even if having sex in the oval office was not illegal.

Trump – according to Mueller’s report – actually did not have collusion with the Russians, he had no reason to lie.

#103 TheDood on 04.22.19 at 8:02 pm

#4 GreaterFool on 04.22.19 at 1:44 pm
1% investors that can’t buy a house….
I went to Vancouver yesterday to see some places to rent, I just can’t understand how people live there, you have to make 200k + to have an ok life or share an apartment with other people. That place is absolutely screwed, almost every rental is owned by an investor and most of them are from China. Its easy to come up with 5% and let someone pay your mortgage, we need to restrict one house per family!!! Houses are homes and not atms…
__________________________________________
Yup…..

This place is ‘debt central’ for the entire country. If rates go up even a little……………alot of people will be hurting. And there is NOT ONE SINGLE INDUSTRY here that pays enough to support the incomes needed to buy a house. Amazing.

And if you drive 2 hours south to Seattle, you have head offices for Amazon, Boeing, Microsoft, T-Mobil, AmGen, and a host of others. Bars and restaurants with lineups to get in, cheap flights to far away places, choices galore for shopping, the NFL, MLB, MLS, and soon the NHL. You can smell the money!

Socialism vs Capitalism, what a difference!

#104 acdel on 04.22.19 at 8:03 pm

#97 conan

If your prediction is correct then we deserve the country that we will get.
I would like to say good-luck with that, but I am going the way of Mr.Canada post today; glass half full! :)

#105 Gen-Xer on 04.22.19 at 8:04 pm

Can’t or won’t?

Admit it – most people are terrible with money. No impulse control. Will not say ‘no’ to any whim. Too lazy to cook at home. Too little foresight to pack a lunch for work. Gotta have that brand new Merc. A new McMansion. Vacation to Disney for my two-year-old. Can’t do without that weed.

By the time I turned 18 I had a thousand dollars saved. I worked two jobs all through high school. I didn’t do drugs. I bought my clothing at thrift stores. At 18 I was renting my own place. No parental support, one parent was bipolar and figured kids should be independent by 12. No inheritance from any aunt or grandparent. I put myself through my first year of university by working at a bar, no loans. If I can do it then anyone had.

#106 Unhinged Trader on 04.22.19 at 8:06 pm

>Ukraine has a new boss. He’s a comedian. The country borders a voracious nation-state that recently sent tanks to rip out a key piece of Ukraine territory. And who do voters elect to face up to steely Vladimir Putin?

That’s an interesting opinion you’ve developed there.

Was this before or after the US State Department under Victoria Nuland and the Kagans behind the stage curtain engineered a coup d’etat in Ukraine and installed people who were literally hand-picked, groomed American vassals?

I’m sure the Neo-Nazi militias which were given law enforcement duties under the new Washington-appointed regime in Kiev are doing a far better job of running rackets and criminal syndicates than Putin’s previous pals….

#107 AK on 04.22.19 at 8:09 pm

#99 conan on 04.22.19 at 7:52 pm
“Trump is around 39 %, and Bolsanaro…..33%.
I think populism is fading away. The upcoming. Canadian Federal election will prove my point.
So calling it here and now. T2 repeats and the Democrats demo the Trumpster in 2020.”
====================================

You must be smoking that legal Canadian weed.

Trudeau will be gone.

Trump in a Landslide.

#108 the Jaguar on 04.22.19 at 8:10 pm

“Sooner or later we all sit at the banquet of our consequences”- Robert Louis Stevenson.

Canadians ‘quick to lay blame and seeking a hero’ isn’t anything new under the sun. No slight to the hard working people out there who find themselves scrambling due to job loss, illness, or some other calamity that arrived out of the blue, but a significant majority also opened their kimonas to invite in high levels of consumer debt in exchange for square footage and protection from FOMO. I love Alberta, but prior to the NDP’s election win both Prentice and Redford addressed the people of the province and warned of tough times ahead. I am still unable to understand how the impact of the surge in US oil production was understood so late in the game. Sometimes when the party gets to a fever pitch nobody is listening. The music is just too loud. Until it stops. Strong fundamentals still support the successful future of this province. Whether it’s J.K or Santa Claus at the wheel it will be the ones who are in it not for the money, but for the love of the game who put us back on top. A moonshot would be nice, but that’s just wishful thinking. It will take hard work, perseverance, and everything we have learned from the past to get us safely home again. My great grandparents arrived in the mid 1880’s with nothing. I’m digging in for them.

#109 genbizx on 04.22.19 at 8:11 pm

If people in this country had any sense or looked at the massive dollar amount spent on government in very small jurisdictions here, they’d realize that we’d be better off economically if we joined the United States. Of course we’ve all been fed the line about being different, more tolerant…the whole high and mighty idea that somehow we’re more civilized. Well guess what? The only people that really have anything to gain from this setup are the people who have set themselves up in comfortable positions in this country. You’ve been conditioned to think that talk like this is crazy but the next time you pay your cellphone, cable, internet, grocery, insurance or income tax bill, give it some thought. If you get really sick you might also be shocked to find out that far more is paid out of pocket than you ever imagined. Things are changing. Look around. Your government is not really representing you anymore. They’d sell you out in a moment.

#110 akashic record on 04.22.19 at 8:14 pm

#85 Lawnboy on 04.22.19 at 7:29 pm
#68 Ashy Record
This might help you decide. I found this on WaPo and cant stop reading. Very informative blog.

https://www.emptywheel.net/2019/04/21/how-collusion-appears-in-the-mueller-report/

This was interesting reading, but since Mueller decided to extend his investigation from “collusion” to the more extensive “coordination” and “conspiracy” and still came back with empty hand, this even more underlines Trump’s claim. He can now say not only no collusion, but also no coordination and no conspiracy.

#111 Figure it Out on 04.22.19 at 8:19 pm

“It is a simple rule of economics: Taxes, no matter how applied, reduce purchasing power. So it’s no wonder everyone is going broke.”

Government spending increases purchasing power. Most governments are currently spending more than they are collecting in taxes. Any other simple concepts I can help you understand?

#112 will on 04.22.19 at 8:20 pm

“In France the burning of Notre Dame briefly brought the civilized world together in sadness and regret.”

Too bad the civilized world didn’t come together in sadness and regret when Christian churches were burnt to the ground in Syria. Oh wait – the MSM never reported it so I guess the civilized world can’t be held accountable for their lack of interest.

#113 acdel on 04.22.19 at 8:20 pm

#105 Gen-Xer

As a Gen-Xer I can relate; good on you. The stereotype on our generation baffles me.

Yeah like every generation there are those who are supported and do well; great for them; then there are those that just do it. :)

#114 Deplorable dude on 04.22.19 at 8:27 pm

“Last week a special counsel report said Trump obstructed justice ten times, but his supporters don’t care.”

Nope….he didn’t….Mueller laid out 10 possible cases of obstruction but left it upto to Bill Barr to make a determination. The AG said categorically no obstruction.

You’re a classic example of propagating fake news Garth.

I think Rudy Giuliani summed it up quite well. The only thing the President is guilty of is publicly complaining about an attempt to frame him.

But hey….I thought this was all about Russian Collusion….funny how that vanished off all the talking points….

Correct as stated. – Garth

#115 will on 04.22.19 at 8:31 pm

#17 “Garth, it is Ukraine; not the Ukraine. Thank you.”

Nope. It’s THE Ukraine. The word Ukraine derives from a Russian word okraina meaning “outskirts”. Ukraine literally means the outskirts of Russia. Google Dmitry Orlov and read his most recent stuff.

#116 akashic record on 04.22.19 at 8:35 pm

#93 Remembrancer on 04.22.19 at 7:34 pm

#68 akashic record on 04.22.19 at 6:33 pm
If there is no crime, can obstruction of justice exist in investigating the non-existing crime?
———————–
Yes, check out the legal concept of mens rea… the supposed non-crime and the obstruction of justice, in the investigation of that supposed non-crime are two separate issues if you are purposely impeding the investigation out of a guilty mind. In the US, it (obstruction of justice) is more specific to deliberately impeding the activities of government officials – like say blocking a police car from pursuing your buddy’s car as he gets away, or say firing the director of a law enforcement agency to accomplish something similar…

OK… mens rea: “the intention or knowledge of wrongdoing that constitutes part of a crime, as opposed to the action or conduct of the accused”.

As far as we know, neither Mueller, nor others proved that Trump had the “guilty mind”, the intention or knowledge of collusion with the Russians. I don’t see how mens rea applies.

#117 will on 04.22.19 at 8:35 pm

#9 “Citation please.”

Have to agree with Shego here Garth. Citation please.

#118 Unhinged Trader on 04.22.19 at 8:46 pm

@112

>Too bad the civilized world didn’t come together in sadness and regret when Christian churches were burnt to the ground in Syria.

Worse yet, the so-called civilized world, with the treacherous French in the lead, have been actively arming the Jihadists in Syria with heavy weapons and an umbrella of political support, hoping to topple the secular, and only legitimate government in Syria, and aiming to replace the “bad mustache dictator man” with armed groups of Islamist warlords, who would rule the lands on pick-up trucks with heavy machine gun barrels marking the boundaries of their fiefdoms, in something what closely resembles the form of government depicted in the new Mad Max film, and rehearsed in Libya since 2011.

#119 fishman on 04.22.19 at 8:48 pm

Figure we got totally lucky with the Trumpster . No matter his greasy feral cunning; He was the first to bring a victory against the inexorable conquering march of political correctness.
The 4 deadly plaques of political correctness 1/relative morality 2/totalitarian secularism 3/multiculturalism & 4/ victim status. These are the hills to die on.
When the Cathedral started burning last week I saw the videos & heard an announcer say there were carpenters on the roof. From this I’d guess it wasn’t carpenters, it was roofers. Sub contractors sub contracting to sub contractors to a sub contracter who put together a group crazy brave roofers for sh*t wages. I’ll bet they were using Torch On. Magic what a roll of that stuff will do. Just add tiger torch & 25lbs. of propane. Could be there’s some more of us bloggie/ slumlords had a quick dirty, intimate affair with a $200 roll of Torch On. Be careful out there.

#120 Hindsight on 04.22.19 at 8:48 pm

Please watch the movie ” Stink ! “, and then try to explain how the advancement of globalization and capitalism has benefited the ” masses ”
It’s this level of injustice that is fueling the anger !!!!!

https://stinkmovie.com/

#121 acdel on 04.22.19 at 8:49 pm

#112 will

Last post for me; at my limit.

Notre Dame is part of the Western Culture. 35 to 36 million people visit per year not because they are catholic, just for the fact that this magnificent monument survived countless wars, including the French Revolution, World Wars 1 and 2 and even Hitler could not bring himself to destroy it. It is building that represents so much more then just religion; it represents Western Culture as it was and is.

I am not a religious person; no, I am not an atheatis; but when I walked into that incredible monument of a building; the sun shining through those magnificent stain glass windows; walked around the upper portions and just appreciated the incredible engineering just the complete peacefulness of it all; yes and slave labour and paid labour built it, but like it or not, it is part of the Western Culture History; why would we apologize for that? How was it different in any other culture back then? Should other cultures be ashamed of their monuments?

Notre Dam is a jewel and should be rebuilt. If billionaires want to pay for it then why not; it is there money, they can do what they please with it. Tax payers are off the hook but yet will be the first to enjoy it.

#122 the ryguy - In cabo on 04.22.19 at 8:51 pm

Weird how even the MSM is leading with headlines like “No obstruction, no collusion” and your still trying to pretend Trump did something wrong? Oi vey.

Putting aside your very clear (and frankly ill informed) progressive bias, the question you should be asking is why are people all over the world looking away from the “political class”?

What exactly have lifetime politicians done for the average citizen? Tell me all the good thats been done by the political dynasty’s?

You make it sound like leave voters were confused..they weren’t. They didn’t want their own countries political policies decided by some UNELECTED empty suit in a different country.

So what if the new guy is a comedian. At least people know where his money came from. How are the Clintons and Pelosi worth over $200M? Hmm nobody seems to know, weird hey?

Garth must have been bored at work today..once every couple weeks he throws an article like this out to stir everyone up..well done puppet master.

#123 Funky on 04.22.19 at 9:01 pm

Well put Mr. Turner. Thank you. The writing is on the wall.

#124 NoName on 04.22.19 at 9:04 pm

#76 Penny Henny on 04.22.19 at 6:54 pm
#22 NoName on 04.22.19 at 3:47 pm

Plumer with router did some kitchen unclogging at my place, i have to admit that they did an excellent job unclogging took less than an hour, bit expensive (230cad) but its going rate for that service.

To put thing in perspective when i factor my hourly wage and marginal tax rate and carbon tax, i have to work 11.5 hrs to clear enough to play plumer to fix my kitchen. Seeing working stiff pissed its not surprising. Luckily I/we saved enough on parkng today so we can buy us a cake…
???????????????

Hello Zlatko no name.
Rent hand operated 50′ snake from Home Depot for $25/ 4hrs.
Make sure you wash hands after

Iam not bringing others people guacamole in my house, as it is i have enough hard time getting rid of mine, i dont mind paying 5x primium for that reason alone.

#125 espressobob on 04.22.19 at 9:08 pm

Gen Xer @105

Your comment is very cool. And the compliment came from a boomer.

#126 Figus Makum on 04.22.19 at 9:18 pm

#9 Shego
w.r.t.tanks, (who) Russia, (where) Donbas, (when) December 2018
Citation:
https://www.unian.info/war/10365678-osce-smm-s-uav-spots-over-60-tanks-in-non-government-controlled-areas-of-donbas.html&ved=2ahUKEwj0lrTu_uThAhUMT6wKHXXgCYQQFjAJegQICBAB&usg=AOvVaw2Uyo2Z5011gUKgGoI8X_rH

#127 Ace Goodheart on 04.22.19 at 9:19 pm

Trump argument simplified:

He’s not guilty of the stuff that he was being investigated for.

He may be guilty of trying to get in the way of the investigation (obstruct).

With the witch hunt in full cry, Trump did not trust those investigating him and he tried to stop them.

But….he is not guilty of the stuff they accused him of.

So what do you do with that? He should have trusted “the system” more?

Can anyone who’s ever had contact with “the system” say that with a straight face?

I don’t like the guy. I think he is a bigoted racist xenophobe and I hate his politics.

But he won the election.

Any attempt to remove him from office before the end of his term is an affront to democracy and I can’t bide that, regardless of what I think of him.

He is not guilty. So let him govern.

If Americans don’t want guys like Trump in power they shouldn’t elect them.

#128 5Inatrailer on 04.22.19 at 9:22 pm

I’m a 1% er but you’d never know. I live in a 1982 mobile home (moving soon thank god), drive very old vehicles, and work 70 hour weeks. I don’t go to Starbucks, and don’t have cable or pay for internet radio.

Guys at work today “you don’t pay for Spotify?! But you make more than the rest of us!” And I replied I will never make enough to justify burning it with new vehicles and unnecessary discretionary spending.

I actually found this site because of another one: mrmoneymustache almost 10 years ago. It’s amazing how time goes by while you’re making other plans.

Im not society. Nobody is. Just set a good example, and help others with a hand UP whenever you can or whenever the opportunity presents.

It’s totally amazing to me how the vast majority refuse to learn from simple lessons. Democracy panders to the vast majority – whatever that majority may be. For the boomers, it was cutting deficits, to the millennials, it’s carbon tax and decriminalized weed.

Stupidity is a growth industry. Now how do we buy shares in THAT?

M41AB

#129 will on 04.22.19 at 9:26 pm

#121 acdel

As much as they might like to, western billionaires won’t be invited to rebuild anything in Syria.

#130 Mike in Airdrie on 04.22.19 at 9:28 pm

Why do these surveys showing Canadians are a pay cheque away from bankrupcy always seem to come out the same week the B of C makes a rate decision?

Normalize the damn interest rate already and lets deal with bloated RE market and ridiculous debt load.

#131 Gogo on 04.22.19 at 9:28 pm

Debt, no debt, banks keep giving. Houses in markland wood sell in two weeks 30-50k above asking. At abot 1.3 million.

#132 Shawn Allen on 04.22.19 at 9:30 pm

What is the cost of living.

Thank you to those who gave me links.

It’s tough to get a good handle on this but the links do help – despite some oddities in the links.

None of these also include the lower income tax and lack of sales tax in Alberta to show what kind of gross income you need in each place. Of course everyone’s spending patterns are different but it would be good to see the total costs in different places for some standard baskets of living costs (including all taxes)

According to Narcity.com the total expenses for a single person are less than the rent they show on a 1 bedroom. They show total expenses for a single not much over $1000 per month. Good luck living on that. And they show Edmonton is more expensive than Vancouver.

Numbeo.com shows Edmonton less expensive especially for rent.

expatistan shows almost everything more expensive in Vancouver versus Edmonton.

#133 OffshoreObserver on 04.22.19 at 9:30 pm

The blister is popping.

You can’t tell me that condo owners in nearby Gastown are not concerned about property values being affected by this: https://youtu.be/46-I0rIZmB4

I used to work at the Royal Bank two blocks away from Openheimer Park at Main & Hastings. That was once the main Vancouver branch and heart of Vancouver’s business community.

https://www.google.com/maps/place/Oppenheimer+Park/@49.2820801,-123.0976299,17z/data=!4m5!3m4!1s0x548671722f054b17:0x7a9d8c25a61f3592!8m2!3d49.28264!4d-123.0943469

Observing now from the beaches of Da Nang, Vietnam…

#134 Shawn Allen on 04.22.19 at 9:32 pm

Cost of Living differs but government pays the same

With few exceptions federal government jobs pay the same in every City in Canada despite enormous differences in cost of living.

This is silly economically but is generally viewed as fair. Unions tend to support this kind of nonsense.

#135 Remembrancer on 04.22.19 at 9:42 pm

#116 akashic record on 04.22.19 at 8:35 pm
As far as we know, neither Mueller, nor others proved that Trump had the “guilty mind”, the intention or knowledge of collusion with the Russians. I don’t see how mens rea applies.
—————————–
Where did Russians come from in this discussion? From under the bed or maybe in the salad dressing? What do Russians have to do with this? Why did you even mention Russians? Were there Russians?

Anyway, you even re-quoted your original question – If there is no crime, can obstruction of justice exist in investigating the non-existing crime? –

Answer is, if hypothetical Person X was worried that some sort of there was there whether there was or not, and took measures to curtail an investigation by (as per version of statute in US) impeding a government employee, then that’s obstruction of justice…

#136 Puzni on 04.22.19 at 9:46 pm

Many different opinions on globalism. At the bottom of it is that our governments did business with nations that had no respect for human rights, women rights and freedom. All in the mane of a quick $$$$. The wealthy greased the right wheels and it temporarily worked. You mention free economy – that concept is dead. 2008 was a good example when media said it would be depression if automakers went under – governments intervened. Slowly people are waking up and seeing that 1% propaganda isn’t what is cracked up to be. There is no easy fix with governments and 1% working together; but that will hopefully start to work itself with time. Time will tell.

#137 ImGonnaBeSick on 04.22.19 at 9:54 pm

#50 yorkville renter on 04.22.19 at 5:30 pm
#21 – sock boy has been an MP for over a decade… is that not enough experience for you?

—-

“I worked with dozens of MPs in Ottawa, including [opposition] critics who were thoughtful, intelligent, engaged people with whom I had a constructive relationship. He wasn’t one of them,”

“[Trudeau] is a person that I worked with as a minister for three years who I got to know quite well as somebody who has difficulty with complex files, and I think [Trans Mountain] is a very complex issue.”

“I know Justin. He doesn’t have a clue what he’s doing. This guy is an empty trust-fund millionaire who has the political depth of a finger bowl,”

From the guy in government while our PM was in opposition…

Pretty sure the guy who said this just won 3/4s of the seats in ‘berta… And got more than 50% of the popular vote for all you purists that think only citidiots should get to choose which party should govern…

#138 Figus Makum on 04.22.19 at 9:57 pm

#9 Shego

Citation:
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.unian.info/war/10365678-osce-smm-s-uav-spots-over-60-tanks-in-non-government-controlled-areas-of-donbas.html&ved=2ahUKEwjJvOf5jeXhAhUOHqwKHSQTCIYQFjAJegQIBxAB&usg=AOvVaw2Uyo2Z5011gUKgGoI8X_rH

#139 Bob Drury on 04.22.19 at 10:06 pm

You really don’t get it. You assume that the non elite (not rich in your terms of 1 percenters) The deplorarables never look at what they are doing according to you. Maybe instead of telling us how wrong we are why don’t you look at yourself. I know you won’t print this. Globalism for banks doesn’t help countries it creates Lords and Ladies (let them eat cake)

#140 AB on 04.22.19 at 10:12 pm

#108 the Jaguar
Thank you for your posting. We were visiting family in BC this weekend and the clergyman from the pulpit, on Easter Sunday, ( from Vancouver originally) , ran down Calgary by name. Albertans are bloody sick and tired of being the punching bags for hypocrites through out this once great country. Beyond sad. Pathetic really.

#141 Notsofooled on 04.22.19 at 10:12 pm

I don’t quite follow your sympathy. While there is certainly a subset of the population that genuinely needs support, for the most part people are very much responsible for the financial situation they find themselves in. You berate everyone who scraps together money for “bad house investments “ yet now sympathize that financial status for most is due to forces beyond their control. The reality is the same people who make bad house investments make many other poor financial choices. Over spend on cars, cellphones, internet, cable, eating out, clothing the list goes on. It always makes me chuckle when I hear people people speak of financial inequality on their iPhone 100 while streaming 200gb. No handout is ever going to fix that mentality. The more sappy columns you write It’s only a matter of time you declare 700k mortgages @ 2% a human right. Stick to advice, save the sap.

Always interesting how people bring their biases to torment and twist my words. What a relief that I don’t care. – Garth

#142 Tony on 04.22.19 at 10:23 pm

Re: #36 Vampire Studies (post grad) on 04.22.19 at 4:55 pm

Whoever put up the figures must have gotten the wrong planet. Those figures are so far from the truth they must be misprints.

#143 Tony on 04.22.19 at 10:29 pm

Re: #135 Remembrancer on 04.22.19 at 9:42 pm

From what I see (read) in the full Mueller report the democrats should move to impeach Trump in the near future as well as charge Donald junior.

#144 Shawn Allen on 04.22.19 at 10:33 pm

#111 Figure it Out on 04.22.19 at 8:19 pm
“It is a simple rule of economics: Taxes, no matter how applied, reduce purchasing power. So it’s no wonder everyone is going broke.”

Government spending increases purchasing power. Most governments are currently spending more than they are collecting in taxes. Any other simple concepts I can help you understand?

*************************
Sure, give us some lessons on How to Win Friends and Influence People

#145 Figure it Out on 04.22.19 at 10:35 pm

It’s pretty obvious that some people here just get their Mueller Report talking points from their favourite news sources. I haven’t read the whole thing — maybe 10 or 20 paragraphs, but it was enough. Executive summaries and conclusions exist for a reason.

Maybe on an issue this important, you want to go the source and read it for yourself? I’d recommend googling Mueller Report Searchable, as the execrable AG, in a raspberry to the electorate, released an unsearchable one. The word “fucked” only appears in it once, in Part II.

#146 mitzerboyakaQueencitykidd on 04.22.19 at 10:36 pm

Spot on Garth

Springtime can be a good time to go on a Vision Quest thingy through drug or astronomical pulls to see where you really need to go from here on in with the things of the world… try it it’ll work

#147 Shego on 04.22.19 at 10:43 pm

#138 Figus Makum

I looked at the site. One-sided pro-Ukrainian bias. No photo evidence. Only statements. Tanks of unknown type and origin. Ukraine is full of Russian equipment used by both sides. Are those old tanks, new tanks? When and how they got there? Nothing.

Tanks aren’t exactly invisible, when being transported. If Russia was caught transferring large equipment over, it would indeed be headline news. But all we’ve had thus far are claims made by the West. Russian occupation? Ahem. Did Donbas residents cease to be Ukrainians?

As far as I recall, they attempted to have a referendum like Crimea, only since they were of no strategic importance, their calls for help were ignored, which is why they were left to fight for independence though guerilla warfare. Russia wanted ownership of the naval port and they got it. If they needed more territory, they could have acknowledged cries for help, but they did not. Western Ukrainians got abandoned by both sides and are now stuck between a rock and a hard place.

#148 Make My Neighbor Great Once More on 04.22.19 at 10:44 pm

@ #54 Mr Canada. You rule! We need more reality based comments like this. Live in reality people!

#149 Shego on 04.22.19 at 10:44 pm

I meant to say Eastern Ukrainians. West is doing fine. They were the ones voting to keep Poroshenko.

#150 Notsofooled on 04.22.19 at 10:53 pm

First post got a personal Garth response- this commenting thing is rather exciting. Certainly took some liberties filling in perceived blanks, after re-reading I agree I missed the mark on the message of your post. With that being said if you’re going to talk politics a little more balance would go along way. As you say, when people get desperate they choose crazy candidates and the blue side has quite a few emerging who’s policies should be equally dissected. Equally, look at me being all progressive. Thanks GT

#151 The Real Mark on 04.22.19 at 10:57 pm

“#130 Mike in Airdrie on 04.22.19 at 9:28 pm
Why do these surveys showing Canadians are a pay cheque away from bankrupcy always seem to come out the same week the B of C makes a rate decision?
Normalize the damn interest rate already and lets deal with bloated RE market and ridiculous debt load.”

“normalize”? What does that mean? Sustainably the Bank of Canada policy rate cannot be above the rate of nominal economic growth. Which is 3-4% in Canada. To provide an equity risk premium, it must actually be beneath, significantly be beneath the nominal rate of economic growth. Over the very long term, on very short term government guaranteed debt, a reasonable rate of return is just keeping up with inflation, ie: 1.5% currently.

Guess where the Bank of Canada is sitting right now — yes, 1.75%. So with inflation only running at 1.5%, arguably the rates not only have been ‘normalized’, but are actually running abnormally high.

If anything, because the rates were so significantly above nominal economic growth, let alone inflation through the 80s, 90s, and 2000s, with only minor periods of exception, a prolonged period of rates being beneath inflation, and significantly beneath nominal economic growth is in order.

The debt bubbles that are present in specific sectors in the economy will naturally deflate on their own, as they are in the RE sector at the moment. The role of the central bank is not to target specific sectors, but rather set rates based on systemic factors. Given that the equity risk premium has basically been completely suppressed in Canada, with equity risk takers basically robbed by the Bank of Canada and its high rate policy, ‘normalization’ of rates would actually involve lowering them. And keeping them low for a sufficient period such that the equity risk premium normalizes into something more appropriate over the long term.

#152 The Real Mark on 04.22.19 at 11:02 pm

“Government spending increases purchasing power. Most governments are currently spending more than they are collecting in taxes”

Not the Trudeau government these days. They’ve actually been running surpluses for the past 3 months:

https://www.bankofcanada.ca/markets/government-securities-auctions/goc-t-bills-and-bonds-outstanding/

$707.7B = January 2019

$703.5B = March, 2019

So when one of Andrew Scheer’s adherents shows up at your door in the coming months and starts blabbering on how Trudeau is running up Canada’s debt….

#153 n1tro on 04.22.19 at 11:06 pm

#93 Remembrancer on 04.22.19 at 7:34 pm
#68 akashic record on 04.22.19 at 6:33 pm
If there is no crime, can obstruction of justice exist in investigating the non-existing crime?
———————–
Yes, check out the legal concept of mens rea… the supposed non-crime and the obstruction of justice, in the investigation of that supposed non-crime are two separate issues if you are purposely impeding the investigation out of a guilty mind. In the US, it (obstruction of justice) is more specific to deliberately impeding the activities of government officials – like say blocking a police car from pursuing your buddy’s car as he gets away, or say firing the director of a law enforcement agency to accomplish something similar…
————
So the above could used as prima facie case for when Trudeau went about trying to get JWR to intervene to give SNC a plea bargain right?

#154 Re-Cowtown on 04.22.19 at 11:07 pm

#75 crowdedelevatorfartz on 04.22.19 at 6:53 pm
@#55 Re Cowtown
“If Trump had obstructed justice even once he would have been indicted.”
++++

Its only been a few weeks since the redacted report was made public…
Give the investigators time.
++++++++++++++++++++++++++++++

Ummmm….. the investigators have already had two years. Or did you miss that part?

Or do you think that 18 seasoned Trump hating federal prosecutors with unlimited time and resources will be shown up by a washed up bartender, a couple of foul-mouthed rookie congress people and a cart load of Geritol swilling Q-tips?

Mueller laid a booby trap in the report but it sprung on the Democrats. He gave them just enough hope to keep them chasing their tails ad infinitum. And so they shall.

#155 Remembrancer on 04.22.19 at 11:14 pm

#16 Joe Schmoe
#138 Figus Makum on 04.22.19 at 9:57 pm

FFS – you’re being trolled boys… there’s no answer that won’t get twisted…

Shego, hasn’t Dr. Drakkan got something menial for you to do? Jeez, at least Boris and Natasha had a plan…

#156 Re-Cowtown on 04.22.19 at 11:20 pm

#86 Figure it Out on 04.22.19 at 7:31 pm
“If there is no crime, can obstruction of justice exist in investigating the non-existing crime?”

Of course. Bill Clinton was impeached for lying about not “having sex” with “that woman,” which wasn’t, in itself, a crime.

++++++++++++++++++++++++++++++++

Your answer is conflating two totally different issues. But don’t feel bad; Trudeau thinks that CO2 is pollution so you’re in good company.

You actually contradicted yourself in your own answer. In Clinton’s case there was clear evidence of a crime. Clinton lied. That was his crime. Same as Martha Stewart’s. Not even a question in either case.

Now, Trump lies all the time, as do all politicians and celebrities. But Clinton and Stewart were so arrogant that they lied under oath and walked straight into the perjury trap.

Trump was smart enough to see the perjury trap coming a mile away and avoided it. It can’t be helped if he’s smarter and less egotistical that Bill Clinton or Martha Stewart and realized the gravitas of lying under oath, even about an unrelated matter.

#157 akashic record on 04.22.19 at 11:34 pm

#135 Remembrancer on 04.22.19 at 9:42 pm

#116 akashic record on 04.22.19 at 8:35 pm
As far as we know, neither Mueller, nor others proved that Trump had the “guilty mind”, the intention or knowledge of collusion with the Russians. I don’t see how mens rea applies.
—————————–
Where did Russians come from in this discussion? From under the bed or maybe in the salad dressing? What do Russians have to do with this? Why did you even mention Russians? Were there Russians?

Anyway, you even re-quoted your original question – If there is no crime, can obstruction of justice exist in investigating the non-existing crime? –

Answer is, if hypothetical Person X was worried that some sort of there was there whether there was or not, and took measures to curtail an investigation by (as per version of statute in US) impeding a government employee, then that’s obstruction of justice…

Where did the Russians come from in this discussion?

From here, of course, which is the underlying reason of this entire dialogue, if you have not realized yet:
https://www.documentcloud.org/documents/3726408-Rosenstein-letter-appointing-Mueller-special.html

And to paraphrase you: if hypothetical Person X KNOWS that some sort of there was NOT there, then there is no need to worry and take measures to curtail an investigation.

Unless, of course, Person X has some worry whether the legal system itself is fair and just – what many thinker questions and most practicing lawyers openly deny.

In this case, hypothetical Person X with some functioning brain will experience some form of worry, unrelated to his innocence or guilt.

#158 Ponzius Pilatus on 04.22.19 at 11:44 pm

#56 People love their cheap crap on 04.22.19 at 5:42 pm
Leonard Cohen told his family, in his final days, he was confident Donald Trump would be elected president of the United States.

The Montreal singer-songwriter’s son Adam recalled the prediction at Saturday’s Juno gala dinner, where his father received a posthumous artist of the year prize.

Cohen’s son says the notion of Trump winning seemed “absurd” to everyone around his father.

“He was one of the only people I know, who had the most absurd prediction that anybody in my midst would dare have: he predicted Donald Trump was going to be the president of the United States, which of course made us all laugh hysterically.”

They assumed the medical marijuana he was ingesting clouded his logic, he says.

“He was stoned out of his mind,” Adam says. “What did he know, we thought. But it turns out the old man was right.”

Steer your way through the ruins
Of the altar and the mall
Steer your way through the fables
Of creation and the fall
Steer your way past the palaces
That rise above the rot
Year by year
Month by month
Day by day
Thought by thought

Steer your path through the pain
That is far more real than you
That smashed the cosmic model
That blinded every view
And please don’t make me go there
Tho’ there be a god or not
Year by year
Month by month
Day by day
Thought by thought

They whisper still, the ancient stones
The blunted mountains weep
As he died to make men holy
Let us die to make things cheap
And say the Mea Culpa which you’ve probably forgot
Year by year
Month by month
Day by day
Thought by thought
————
Thanks for posting this.
A true Canadian icon along with Neil Young.

#159 Kato on 04.22.19 at 11:48 pm

#90 Nonplused on 04.22.19 at 7:31 pm
#75 Penny Henny

Your solution to NoName’s problem is to put the plumber on UI? That’s what would happen if everyone took this advice to the extreme.
————

The argument that “if everyone did it” as a reason not to do something has never held water with me. If everyone was going to do it, they would have by now. Saving money myself will not bankrupt plumbing businesses or close down Starbucks or shutter the BMW dealership.

#160 Robert B on 04.22.19 at 11:53 pm

Garth have you ever thought that Capitalism is failing?
Your numbers for Canada are horrendous. Sounds like failed policies are in order.

Politicians are just failing at running countries.
So if a politician (failed lawyer) cannot run the country then maybe a businessman should run it.

Here Canada is a resource country and we are keeping Alberta from getting oil to the coast.

Canada is a business , at least run it like one.

#161 Hawk on 04.23.19 at 12:16 am

In the country with some of the greatest natural resources on the planet, and a low population of 36 million ordinary people are absurdly over charged for the necessities of life including food, energy and shelter.

But Canadians will keep voting for ever more government……….that will stab them ever more in the back, by secretly catering to oligarchs, oligopolies and cartels. Basically the alliance between big govt and big corporations rules the country.

#162 Lovin' Mises to Pieces on 04.23.19 at 12:39 am

It’s too bad people gloss over/ignore the negatives of politicians depending on how they self-identify on “left” or “right” issues.

Donald Trump doesn’t seem to care whatsoever about any evidence-based truth (he’ll lie so long as what he says sounds good to him or makes him seem like a “winner”). Like any chronic, self-centred liar, he contradicts himself repeatedly — compare him with “Honest Abe” or Washington’s “chopping down the cherry tree” story.

Further his credibility doesn’t count for much in action either (as a business executive — having steered his companies into bankruptcies 4 times — he’s certainly no Warren Buffet). He’s a slick ad-man or tout; however, after bouncing back via the Apprentice and franchising his name on buildings internationally.

This story is a pretty telling (and amusing) account of Trump’s character: http://www.fortune.com/2018/04/20/trump-lied-wealth-forbes-400-list/

On related facts, it’s probably because he’s a bit under the claimed “billionaire” status that he doesn’t want to produce his tax returns.

Here’s also a nice piece on how he *should have* more than an arms length between the Trump Organization and his current political office: https://www.brookings.edu/research/the-emoluments-clause-its-text-meaning-and-application-to-donald-j-trump/ .

Essentially, he’s got the character and personality of King Joffrey from Game of Thrones. South Park’s take on him is pretty amusing and true to form too: https://www.youtube.com/results?search_query=garrison+trump+south+park .

Moreover, his latter-day (Madisonian) mercantilism and trying to influence the Fed’s interest rate policy (he’s certainly a fan of debt-finance) is unsound economic policy.

Of course Richard Nixon (Republican), Clinton (Democrat), George W. Bush (with his inexorable march to war), Barack Obama (I’m not a fan of *some* of his foreign and domestic policies) all had character faults — as did some of the 19th century presidents. But most of them had values beyond gross self-aggrandizement, the capability to do self-criticism (what should be a strength seems to be considered a weakness by him), or getting bent out of shape by even constructive criticism by others.

Just as an aside, regarding the comments from some of the people that don’t like the science (too comfortable with your life so far or ethically-challenged perhaps?) behind the climate science… here’s some audio links to someone (a former meterologist) that actually reads some of the related journals: https://www.ecoshock.org/audio-on-demand/2019-radio-ecoshock-show There’s free-market possibilities here if you look hard enough too.

#163 Vampire Studies (post grad) on 04.23.19 at 12:40 am

Tony/Shawn – can’t vouch for the site, but the results don’t really surprise me. Most cities fall in a narrow range, with variances amongst items, and St John’s and Moncton being the two bookends. Not sure what else they include to get the totals.

They show the rent separate, and when you add that to the other expenses you are at $7k/mo for Vancouver family and I assume after tax.

#164 Eco Capitalist on 04.23.19 at 12:41 am

The MSM always struggled with the Occupy movement. They were hung up on “What do they want?”, “They have no demands” and “They aren’t offering any solutions”, but Occupy was just the canary in the coal mine: ordinary people who have no answers, but understand that the status quo wasn’t working for them. The rise of populism is a larger iteration of the same thing: people don’t have the answers, they only know that the status quo is no longer working, so they’re voting for something that promises to be different.

#165 Yukon Elvis on 04.23.19 at 12:47 am

BNS-T paying 6.38% dividend. Back up the truck.

#166 some other guy in Vancouver on 04.23.19 at 12:51 am

The news articles re: the MNP / Ipsos poll are being made public (ie. paid for) for a reason. Who is trying to generate support for continued low rates? Or to drive some other public policy? Ideas anyone?

#167 Smoking Man on 04.23.19 at 1:16 am

We heard a lot about the evils of white supremacy in the aftermath of the New Zealand mosque attack.

We’re hearing very little about the evils of an unnamed ideology in the wake of the Sri Lanka attacks of Jesus lovers. The MSM hides the truth when it’s is not part of the narrative.

Don’t get me wrong I’m into aliens so I have no green skin in the game. Regarding both side consider them both low equaly idiots.

It’s like this. For the UN ( middle east oil interests) to get a strangle hold of western control , they got to get into the children’s minds, hence my issue with stupid teachers .

Then they need to import millions of voters that will guarantee the implementation of a one world global communism.

Communism sucks and I will always fight it. Kills more people than tobacco.

#168 Bob Dog on 04.23.19 at 1:23 am

I think if people could move about as freely as capital, Canada would not fair well. I can live in Monaco for what it cost to live in Surrey.

Yes millions of people would flood into Canada for the social safety net but most of the people paying all the taxes would leave for warmer pastures.

I would move to any of the following

Norway
Switzerland
Germany
New Zealand
England
Australia
Austria

Parts of USA

#169 Smoking Man on 04.23.19 at 1:32 am

My cousins kids. Newly graduate teachers generation or two behind my kids. Their parents were busy smoking weed while me my big fat pregnant wife and I had business knoking on doors and scraping by.
Risk takers.

You see then on Facebook. Climate change, we are dead in 12 years. bla bla bla. The unnamed radicals of cult that tosses guy people off buildings , female orgasims are not allowed chop.

My cousins kids, they’re fat girls. What other choice to they have. Lisbo weddings coming up. I’ll still love them.

I’m Family..

#170 jane24 on 04.23.19 at 1:37 am

Congrats Garth as this is the first time you have given the populist argument as much prominence as your usual globalist argument. As someone who lives in three counties regularly, England, Italy and Canada, let me tell you the populism is growing rather than done. Globalisation makes the 1% richer by reducing the standard of living of the other 99%. Now that 99% have noticed and they have votes.

The May 23 EU elections should be interesting. For the first time I believe that the majority of MEPs will be from countries and parties that want to dismantle the EU. Goodbye to any EU legislation from the elite and unelected Commission getting passed by the angry plebs in their elected parliament. Their enemy will certainly be within.

Who really cares if the British voters understood the complexity of trading with the EU, they decided to dump it and that is democracy. To say otherwise makes it appear that the rulers are calling the ruled too thick to be consulted.

As for Canada, the problem is low wages and high taxes and a very high cost of living. You only have to travel anywhere to realise this. Just returned from 2 weeks in TO and there is no spare money there at least for the 99%. Try Vietnam – fab.

#171 Henry on 04.23.19 at 1:58 am

#117, 147: i hope nato data is good enough. The fact that you did not see it as a headline at a time either speaks of a bias or preoccupation with other stuff. Please try not to be so opinionated in this case.
https://www.google.ch/amp/s/www.wsj.com/amp/articles/nato-says-images-show-russian-tanks-in-ukraine-1402760713
#115: the word Ukraine existed at least a few centuries before the country called Moschovia, later renamed Russia, came to be. That is a very misleading explanation by russians of what they want you to believe in.

#172 Dolce Vita on 04.23.19 at 2:37 am

As ever, Ray Dalio is prescient.

So why is Populism on the rise? BECAUSE IT WORKS.

It keeps in check the witting or unwitting avarice and greed of the very wealthy (reverses disproportionate wealth distribution to the 0.1%):

https://i.imgur.com/VkGeTS3.jpg

Note that once in check, PEOPLE have the good sense to rid themselves of the Populists.

IF YOU CARE ABOUT THE disenfranchised 99%, truly, EMBRACE Populism for now until it has done its job.

After that and as usual, out with the bums.

#173 The Great Gordonski on 04.23.19 at 5:16 am

Typical of the beginning of a raging. I’ll market, a housing crash.

https://www.cnbc.com/2019/04/22/home-sales-at-both-high-and-low-end-are-tanking-for-different-reasons.html

When cash dries up in housing it pours into stocks. People see housing go down and avoid it. People underwater in housing turn to more speculating trying to get out from under. The result is a melt up in the equity market. It’s a see saw I seen many times over the decades.

The last bit of equity punters have in savings or otherwise goes into stocks . It’s an entirely similar and volitile FOMO event. A friendly bank Dude mentioned one time that as homeowners get wet the majority will raid their mutual funds and kids accounts , resp etc, to speculate. But they keep the new truck, of course. Of course these are the last people who should speculate, for lack of any knowledge at all.

BNN and the like will produce misty eyed gurus and youll hear their predictions repeated in the SBUX lines. This is wrath of God stuff. Huge melt up coming. Fear Index is positively aquiver and sooooo much money on the sidelines. Even institutional guys are missing dollars because the good stuff creeps up in pennies. Most are too scared to trade and too stupid to know what to buy.

Goldman and Marriott Homes still own millions of houses they bought in foreclosure. Still lots of alt prime in the tailpipe, not on the headlines, more reason for stocks to shine. KaBooooom I said.

#174 Figus Makum on 04.23.19 at 5:47 am

#147 Shego
In December 2018, the Western world was distracted by and consumed with the greatest December stock market loss since the Great Depression. Movement of tanks and military hardware in Russia to Ukraine’s eastern border was newsworthy in Europe.

Citation:
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.unian.info/war/10369443-defense-blog-satellite-imagery-shows-hundreds-of-russian-tanks-near-ukraine-border.html&ved=2ahUKEwjUs7XB7eXhAhWnuFkKHaVGDP4QFjAAegQIAhAB&sqi=2&usg=AOvVaw0dPGyGZ5J2ZVTFVvZM_hzS

The stock briefly corrected 20% in Q4 of 2018. Declines did not even make it on the list of history’s most significant losses. The tanks, however, were of concern. – Garth

#175 Gravy Train on 04.23.19 at 6:53 am

#47 Dogman01 on 04.22.19 at 5:24 pm
#48 Jay Currie on 04.22.19 at 5:27 pm
#69 akashic record on 04.22.19 at 6:33 pm
#102 akashic record on 04.22.19 at 7:56 pm
#110 akashic record on 04.22.19 at 8:14 pm
#114 Deplorable dude on 04.22.19 at 8:27 pm
#116 akashic record on 04.22.19 at 8:35 pm

It’s quite obvious to me that none of you ‘deplorables’ have read the Mueller report. It’s astounding to me that you ‘deplorables’ can prattle on endlessly about a report that you haven’t even read!

Here’s the report. Read it, and then talk about it!
https://www.justice.gov/storage/report.pdf

Here are the related court documents.
https://www.justice.gov/sco

Who needs to read when you’ve got Fox News? – Garth

#176 MF on 04.23.19 at 7:09 am

#168 Bob Dog on 04.23.19 at 1:23 am

-I guess I’ll respond to this emotional outburst, incorrect, and uneducated joke of a comment too.

Nearly each one of those countries you mentioned has a higher (much higher) tax rate than Canada:

https://www.worldatlas.com/articles/countries-with-the-highest-taxes-in-the-world.html

https://stats.oecd.org/index.aspx?DataSetCode=TABLE_I6

Like I alluded to earlier, there are lots of miserable, cynical, bitter, older Canadians who think they are special and would be worth 1 billion somewhere else. And I thought we millennials were the snowflakes.

MF

#177 Ace Goodheart on 04.23.19 at 7:09 am

RE: #169 Smoking Man on 04.23.19 at 1:32 am

“You see then on Facebook. Climate change, we are dead in 12 years. bla bla bla.”

“Climate change” is turning out to be a tax scam. The world is ending, so Liberal governments everywhere have to directly tax the poor and middle classes, where it hurts. Transportation, and home heating. The two things the middle and lower classes can’t do without in the Northern hemisphere.

And ask any climate change liberal any question at all about how climate change works. Ask them, for example, which one of the four parts of the Earth’s atmosphere is experiencing a build up of CO2, in their opinion? They can’t name a single part. They don’t even know the name of the part that we live in (the Troposphere). They don’t understand a temperature inversion, or why it is so important for the tropopause to exist, or what it does. They can’t tell you whether in their opinion, carbon dioxide build up in the stratosphere is a good or a bad thing, but they think it’s bad (it’s not, but it’s also impossible).

They wouldn’t know that the biggest “green house gas” is actually water vapour. Or that the reason why we don’t all freeze to death is due to a temperature inversion at the tropopause, that means hot air stops rising there (why thunder storm clouds “anvil out”).

They will tell you that the sun heats the air more if it has CO2 in it (the sun NEVER heats air, the sun heats the surface of the earth, which in turn heats the atmosphere, and the atmosphere reduces in temperature by roughly 2 degrees per one thousand feet, until you hit the tropopause, where it is around minus 64 degrees celsius, then it starts going back up again).

The most vocal pushers of the climate change theories, know absolutely nothing about it.

All they know is we need to pay more taxes, or we will all die by climate change.

#178 MF on 04.23.19 at 7:17 am

#170 jane24 on 04.23.19 at 1:37 am

“As someone who lives in three counties regularly, England, Italy and Canada let me tell you the populism is growing rather than done. Globalisation makes the 1% richer by reducing the standard of living of the other 99%. Now that 99% have noticed and they have votes.”

This poster:

[x] Lives in three countries
[x] Complains about “globalism”.
[x] Advocates to move to a place like Vietnam heavily depended on trade (globalism) to continue to see its standard of living rise.

Unbelievable. Someone needs to actually learn what “globalization” is before commenting on it.

MF

#179 maxx on 04.23.19 at 7:56 am

@ #11

Exactly.

This is what happens when TPTB tap into the weakest trait of homo “sapiens” in order to spin money faster and faster into far too few (of the wrong) pockets.

The gaping maw of ego, and its twin, greed is spread over the landscape of humanity and a pandemic of rage results, with all of the fallout Garth mentions in this post.

A total slam-dunk: low rates puts the dream of “lifestyles of the rich and famous” temporarily within the reaches of proles who can’t think beyond their noses and fantastic debt results.

Everybody loses. Rates will stay low because TPTB are $hit scared of societal fallout.

#180 Jager on 04.23.19 at 7:57 am

Very few independent (funding not tied to predetermined objectives) scientists believe man made global warming (now called climate change) is an issue…beyond polluting the environment. Climate change is of course inevitable (past-present-future) in a dynamic universe of which we are a part.

Perhaps the (self appointed) controllers could learn to tell the simple truth as we teach our children ;)

i.e. Pollution via combustion emissions, effluents, discharges, uncontrolled radiation etc. negatively effects the planet and all life therein both in the short and long term.

#181 Bobby Ventura on 04.23.19 at 7:59 am

BANNED.

#182 50 YEARS OF MAPLE LEAF INCOMPETENCE! on 04.23.19 at 8:10 am

Seeking heroes? How ironic.

Not this year with the Make Believes. Tonight could be brutal, Toronturds.

If you know someone delusional enough with a low IQ who will be rooting for that team tonight, please remove all razor blades and other items with potential for self harm from the viewing area.

In case of distress GTAholes, keep a Realtor on speed dial. They are very lonely and sad as well, and will be happy to distract you with predictions of never-ending price increases in the GTA.

GO BRUINS!

#183 Remembrancer on 04.23.19 at 8:11 am

#157 akashic record on 04.22.19 at 11:34 pm

And your point is exactly? Dude, you’re pulling too many threads to say something, but what? You start with a simple obstruction hypothetical, get an answer and then jump to Trump, no Russia collusion and that he’s obstructing justice (now that we’re clear on the definition) b/c he’s not worried about a crime that didn’t happen, he’s worried about an unfair and unjust legal system getting him for a crime that didn’t happen? Is this that Trump Derangement Syndrome that I hear about – exposure to supporting Trump makes you lose logical and critical thinking?

BTW – you used “many” as a unit of volume – that’s an early sign I hear, get some help.

#184 Matt on 04.23.19 at 8:11 am

“Progressives worry about climate change and the next generation.”

Progressives don’t care about the next generation. If they did, they would be focusing on doing something about the debt, and not this climate change nonsense.

#185 maxx on 04.23.19 at 8:24 am

@ #13

….do you really think that the bulk of society can resist the siren call of low rates?

Some of us have their acts together, but most do not.

#186 Concerned Reader on 04.23.19 at 8:29 am

A great post. It’s incredible the hate for Trudeau in the comments. While I don’t think he is a a good PM and did not vote for him, sadly he is the best choice available this fall to keep Canada on the right path. I have no interest in living in the racist, willfully blind and self-serving society so many here seem to want.

#187 Val on 04.23.19 at 8:30 am

Garth,
You should stick with ETFs and investments, you clearly have no idea what has happened in Ukraine. If Crimea was occupied as you alleged, why 75% of the Crimea population are happy to be in Russia? Did you know that Crimea was illegally gifted to Ukraine in 1956 by khrushchev? And yes, if its not for Putin, Crimea’s 80% russian speaking citizens would have to flee or got killed by nationalist (as happned in Odessa).
It was a coup in Kiev back in 2014 supported by Canada and others. The death of thousands can be blamed on foreighn nations. Just think avout it, then President Yanukovich had only 1 year left in power

#188 Dane Colebrun on 04.23.19 at 8:42 am

Canadian Oil is having a renaissance. Oil names are resurrecting from the grave. Remember a few years ago when everyone was buying trucks and SUVs when oil was low? They took the bait and the price of oil has switched. Those tanks need to get filled. Enjoy the gains everyone who is holding Canadian Investments!

#189 TurnerNation on 04.23.19 at 8:42 am

#32 jess..it’s coming. The day a family is desperate need of heat tries lighting a small fire. The satellites and drones will shut them down, or at least shut off their Smart Meter and payment systems.
The Internet of Things…a web of control. Your Karbon Quota..live or due just worship the climate gods.

The slow beat is starting: Shut down the oil sands, fisheries, auto plants and logging. Kanada is done. A study on fiction.

https://www.cp24.com/news/new-study-suggests-oilsands-greenhouse-gas-emissions-underestimated-1.4390519

#190 crowdedelevatorfartz on 04.23.19 at 8:45 am

@#154 Cowtown
” He gave them just enough hope to keep them chasing their tails ad infinitum….”

+++++

Kinda like when Trump said he was going to build a wall?

#191 Steven Gregory on 04.23.19 at 8:48 am

Instead of radio ads and commercials about how the carbon tax is evil lets have radio ads and commercials about how save up for things we want. The seatbelt ads have worked. now lets stop people from spending what they don’t have.

#192 maxx on 04.23.19 at 8:48 am

#21 Alberta Ed on 04.22.19 at 3:41 pm

“Name recognition, yes. Experience, no. Sounds like Sock Boy.”

Ahhhh……but does he experience dramatic fulfillment on the Simpsons?

The meme that Trudeau has no experience diminishes anyone referencing it. He was an MP for eight years. He ran a national leadership contest, which he won. He defeated a sitting PM in a federal election. Give it a rest. You can disagree with his actions (as do I often), but until you provide a better CV, do not diminish the man. – Garth

#193 NoName on 04.23.19 at 8:48 am

#168 Bob Dog on 04.23.19 at 1:23 am
I think if people could move about as freely as capital, Canada would not fair well. I can live in Monaco for what it cost to live in Surrey.

Yes millions of people would flood into Canada for the social safety net but most of the people paying all the taxes would leave for warmer pastures.

I would move to any of the following

Norway
Switzerland
Germany
New Zealand
England
Australia
Austria

Parts of USA

I would NEVER EVER mover to

England
(aks Lord Oven and Cirus Vens why)

Norway
(some highschool friends and cousins there they seems happy, but 8out of 10 murders goes un solved in Scandinavian countries)

Austria
only country that changes toll, and if you are like me and you forget to buy sticker they charge you double.

(But there is this neat place (truck stop) on a way to former home made that looks like diner from.50s excelent foood for truck stop) only good thing.

Germany
only Munich or around it

Switzerland
My fad had friend that work for cant remember name for one of the 1ligue soccer club, invite ed us to move overthere and work with him.for that club in mid 80s, i gues mynold man tought that it would s be to much of the “traumatic” experience for all family to move than we stayed. Boy was he wrong…

Parts of USA
where some of my childhood friends are now, Georgia, Texax, Washington State, and Florida.

Aus and NZ too far so in maybe category.

—-

But did anyone cath zeroz tweet, “trupm bashing twitter on twitter”, or m bartoromo tweet best thing to happend to twitter is trupm, and its funny.

#194 Q2 Class No. 6131 on 04.23.19 at 8:49 am

‘…woe betide the way things are.’

Precisely. That’s why there is a blue wave engulfing Canada which may (or may not) claim Justin Trudeau in the fall.

In Trump’s America, despite your sneers, I look forward to a George McGovern 2.0 presidential election result next year.

#195 AK on 04.23.19 at 8:53 am

#165 Yukon Elvis on 04.23.19 at 12:47 am
“BNS-T paying 6.38% dividend. Back up the truck.”
====================================
Stop spreading Fake News.

#196 maxx on 04.23.19 at 8:57 am

@ #25

Excellent post………

#197 not 1st on 04.23.19 at 9:19 am

#98 SunnyDays on 04.22.19 at 7:50 pm
Is Alberta’s future as predestined as this article describes it?
https://zeihan.com/albertas-tryst-with-destiny/
Would be interested in views from folks who live in Alberta.

——

The single best RE play is in Calgary right now. You can get a SFH for $300k and you can be assured a 30% gain when Ab separates and adopts the US dollar.

You cowboys are hilarious. At least BC would be closer to Toronto. – Garth

#198 Penny Henny on 04.23.19 at 9:27 am

Niagara regions sales numbers for March Finally out.
“The Niagara Association of REALTORS® (NAR) reported 676 property sales processed through the NAR
Multiple Listing Service (MLS®) System in March 2019. This represents a -0.15% decrease in sales compared to March of last year.
The residential average sale price of $468,487 was 6.92% higher than last March. The average days on market increased from 45 to 46
in the residential freehold market and increased from 62 to 66 in the condominium market. ”

https://www.niagararealtor.ca/sites/default/files/Stats%20March%202019.pdf

Steady as she goes. Nothing to see here.

#199 Mohammad on 04.23.19 at 9:29 am

Coming from one of the poorest countries in the world (Afghanistan) in the late 80’s with my parents. This place is one of the best places in the world. So much opportunity and such a high standard of life. Thank you Canada for allowing a poor boy to become a business owner and the ability to purchase a home and to marry a beautiful wife. Life is amazing for some of us in Canada!

#200 dharma bum on 04.23.19 at 9:32 am

#43 Debtslavecreator

No one forced you to make the CHOICE to borrow or spend on unnecessary consumption
That said at a high level the junk , nearly fraudulent monetary policy and related government housing financialization schemes are directly responsible for over 90 % of our financial and societal problems.
——————————————————————

Debt is the new slavery.

It’s the way the ruling class wants things.

An empowered middle class and underclass does nothing to enhance the power and wealth of the upper class.

The wealth has to come from somewhere. If it is equally shared, it gets watered down. That is of no use to the ruling class.

The masses must do the bulk of the heavy lifting for mere crumbs, while the profits of their labour flow to the rulers.

It’s how all societies were built.

Easy credit has created the illusion of wealth for the underclass. It was a trap so enticingly tempting that the obvious end result was lost on those so desperately clamouring for the bait that was dangled before their eyes.

The pit has been dug so deep that it will be near impossible for most to crawl out.

They are debt slaves now, spawned by easy credit.

The ruling class will have their way with them.

So it is.

So it has ever been.

Revolution could very well happen, but the relief for the masses will be short lived, as the cycle will inevitably repeat itself.

#201 NoName on 04.23.19 at 9:32 am

Its funny to climate change evangelist going on and on about not but they never mentioned that 3 billion people cook over open fire day in day out.

https://www.google.com/amp/s/relay.nationalgeographic.com/proxy/distribution/public/amp/photography/proof/2017/07/guatemala-cook-stoves

My favorite one is where they cut forests and use wood to power “coal” power plants and call produced electricity green from renewable sources, than go on and charge carbon tax.

https://www.newstatesman.com/culture/observations/2017/08/race-save-romania-s-forests-how-illegal-loggers-lay-waste-wilderness

And all that while they are making yoube video on airplane and trashing our oilsands…

Canada you better wake up because there are two reasons peple move out their places of birth, safety and mainly their own or children’s economic prosperity…

But pay no attention to me, i steel dont know difference between weather and climate. What leads me ro my todays conondrum, what affect what climate weather or its other way around.

#202 Boomer Bill on 04.23.19 at 9:35 am

Just back from a fabulous 4 days in Manhattan. If you want to talk the 1%, Manhattan has the 1% of the 1%. I can’t get enough of the place. 45 plays currently running, museums and art galleries by the dozens and real estate that makes Toronto look like downright bargain basement pricing. NYPD officers with machine guns guarding St.Patricks Cathedral on 5th Ave. and ditto for the Trump tower. Tourists taking photos with them. 2900 sq ft condo overlooking Central Park for a mere $12 million American greenbacks. Co-op units going for $2 million. As the slogan goes, “I love New York!” or better yet, from the 60s sitcom Green Acres, the lovely Eva Gabor singing, “dahling I love you but give me Park Ave.”

#203 Penny Henny on 04.23.19 at 9:47 am

#90 Nonplused on 04.22.19 at 7:31 pm
#75 Penny Henny

Your solution to NoName’s problem is to put the plumber on UI? That’s what would happen if everyone took this advice to the extreme.
/////////////////////

Your ‘extreme’ would suggest that no one would have a job because we would do all the job ourselves, when in fact some jobs would just be shifted. For example the plumber in this case could get a job at home depot at the rental counter.

#204 Brett in Calgary on 04.23.19 at 10:12 am

#98 SunnyDays on 04.22.19 at 7:50 pm

Is Alberta’s future as predestined as this article describes it?
https://zeihan.com/albertas-tryst-with-destiny/
Would be interested in views from folks who live in Alberta.

===================================
I think this quote from the article is oddly true. I don’t think Kenny will be able to solve much from his Provincial post…

“The United Conservatives now face a truly weird combination of factors: a complete lack of ability to get anything they want from within the Canadian system, and the utter ability to leave that system.”

#205 alexm on 04.23.19 at 10:19 am

“Last week a special counsel report said Trump obstructed justice ten times”

IN WHAT UNIVERSE?!

#206 Y. Knott on 04.23.19 at 10:29 am

Catching-up again:

#37 BillyBob on 04.20.19 at 5:14 pm

I feel sad for those whose only reason to work is so they don’t have to work. Clinging with their fingernails to some plan to “escape”. Nirvana awaits if they can just run down the clock. Ugh.

I used to work for a government outfit; defined pension, but a risk of getting shot-at. There was a recognised phenomenon in that outfit, so much so that it became a widely-accepted bromide.

Senior “management”, desperate for their next “promotion”; you’ve never in your life met people who work as hard as they do, evenings, weekends, you name it, they’re in their offices slaving-away hoping they’ll be noticed. Then one day they retire ( – a specified age for this outfit, and still is; “age discrimination” doesn’t apply – ).

They invariably die within the year. Entirely “workworkwork” right up ’til they’re turned-out to pasture, and then they have no life to go home to; and I’m sure to most of them, they’re so lost that death comes as a merciful release. I’ve known a couple of them.

So I advise you not to become miserable misers while saving-up your post-work nest egg; do some making-hay, and look forward to retirement. It beats ending-up like these guys.

#207 crowdedelevatorfartz on 04.23.19 at 10:35 am

@#186 Concerned Reader
Re Trudeau…
“sadly he is the best choice available this fall to keep Canada on the right path. I have no interest in living in the racist, willfully blind and self-serving society so many here seem to want.”

++++

The anti Trudeau voting proletariat….

You left out that we also take candy from little kids, push old ladies out of the way in lines, pull the wings off flies, and talk loudly in movie theaters….

Basically, just all around bad people that vote.

The horror.

#208 PHMIKE on 04.23.19 at 10:53 am

When all these people cry about barely scraping by while juggling there $1000 cellphone and $5 coffee and eating out 5 times a week, they need a reality check. I spend a lot of time out of the country and it’s not a local issue either people complain about the price of everything except there daily consumption of self entitlement. I understand housing is expensive in Vancouver and Toronto but there is still affordable options if you want to make things work… how does the saying go “count your pennies not your dollars…”

#209 Deplorable dude on 04.23.19 at 10:56 am

‘Correct as stated. – Garth’

#175 GravyTrain…..

————-

Lol…give it up Guys….Mueller’s boss, the Attorney General of the United States said Trump’s actions did not rise to the legal definition of obstruction….

Sorry Mueller didn’t turn out to be the Messiah you all wanted….

Now the fun really starts….going after the seditious scumbags who weaponised the most powerful intelligence assets in the world to spy on an incoming President…

…..something you’d think the media and the left would care about…..but then again I was told that was all a conspiracy 2 years ago by the left….

#210 rosie on 04.23.19 at 11:02 am

#198 Henny Penny
Something is not quite right about the numbers you posted. The date says March 6. The Feb numbers came out on Mar 13. The website does not list the March numbers yet and it is almost May.

#211 Ken From BC on 04.23.19 at 11:14 am

#111 Figure it Out on 04.22.19 at 8:19 pm
“It is a simple rule of economics: Taxes, no matter how applied, reduce purchasing power. So it’s no wonder everyone is going broke.”

Government spending increases purchasing power. Most governments are currently spending more than they are collecting in taxes. Any other simple concepts I can help you understand?

So according to your simple concept, if the government taxed us at 100% and spent the money (foolishly), we would all have more purchasing power?

#212 45north on 04.23.19 at 11:41 am

Income Tax Forms are a burden

Jim Garner: In 1960, I filed my first income tax return – a simple-six page document. After calculating federal tax, I added 49 per cent of that for the province. It took less than 15 minutes.

But year after year, government after government, things have changed. The current tax package has 170 pages, much of it incomprehensible to the ordinary citizen.

https://ottawacitizen.com/opinion/columnists/garner-income-tax-returns-are-a-bureaucrats-dream-a-citizens-nightmare

I talked to a woman who worked at Revenue Canada and had retired. Her great frustration was the increasing complexity of the tax forms. Members of Parliament pass legislation which they don’t understand. Bureaucrats then write up regulations. I think they understand it. Sort of. After a life time of study. Ordinary people challenge the regulations which go to the courts which make rulings. The result is more and more complexity. Which is a burden.

#213 Remembrancer on 04.23.19 at 11:44 am

#200 dharma bum on 04.23.19 at 9:32 am
Debt is the new slavery.

It’s the way the ruling class wants things.
——————————-
Slavery is a pretty specific term in that historically it came at the point of a spear, sword, or musket – not disagreeing with you overall, but a closer analogy today IMHO is indentured servitude, “voluntarily” entering into a contract, except the contract (debt) never expires for most…

#214 TS Harpoon on 04.23.19 at 11:48 am

Garth. You are starting to sound like Chris Hedges (that is a good thing). https://www.youtube.com/watch?v=zJDWK2kmD5k&t=2360s

#215 Penny Henny on 04.23.19 at 11:56 am

#210 rosie on 04.23.19 at 11:02 am
#198 Henny Penny
Something is not quite right about the numbers you posted. The date says March 6. The Feb numbers came out on Mar 13. The website does not list the March numbers yet and it is almost May.
//////////////

I saw the Mar 6 date of the release, very confusing and obviously wrong. As far as the March numbers not being out yet I disagree, I’ve been checking the site very day for a week now and I just saw them there today.
See here

https://www.niagararealtor.ca/news-stats

#216 Damifino on 04.23.19 at 12:11 pm

#177 Ace Goodheart

They wouldn’t know that the biggest “green house gas” is actually water vapour.
———————————

I think most of them actually do know that. They just claim that, for various complex reasons, an increase in CO2 causes a commensurate increase in water vapor.

Have you read this? – Garth

#217 Retief on 04.23.19 at 12:26 pm

#165 Yukon Elvis on 04.23.19 at 12:47 am
“BNS-T paying 6.38% dividend. Back up the truck.”
====================================
Stop spreading Fake News.

—————————————————————–
Unfortunately, the “Fake News” being spread here is actually what TD Waterhouse is quoting the dividend yield of BNS-T at. If you do the math with the stated dividend, the calculation is actually 4.79%. I am finding the quoted yields on many stock sites are often incorrect. Which begs the question: How much of the other info is actually correct? If you are looking for yield, always check the math to make sure it is correct before making any financial decisions.

#218 Y. Knott on 04.23.19 at 12:40 pm

#9 Shego on 04.22.19 at 2:18 pm

Who sent tanks? Where? When? I thought this blog was free of conspiracy theories. Citation please.

https://www.bellingcat.com/?s=BUK+332

#219 IHCTD9 on 04.23.19 at 12:48 pm

#208 PHMIKE on 04.23.19 at 10:53 am
When all these people cry about barely scraping by while juggling there $1000 cellphone and $5 coffee and eating out 5 times a week, they need a reality check. I spend a lot of time out of the country and it’s not a local issue either people complain about the price of everything except there daily consumption of self entitlement
___

The new norm is going all in for consumerism and even “luxury” – even if it’s all begged and borrowed and essentially a show. Everyone is faking wealth.

That’s what you see when you look around. Same thing out here in the Ontario backwaters – new Trucks, atv’s sxs’s etc.. all on a nice new trailer for “parade purposes” (err I mean to move from one place to another…)

Option 2 is saving and owning what you can actually afford. Ms. IH and I own everything we have – but we definitely come up short on bling (except where YAMAHA ownership is concerned).

5 rules for happiness (and winning):

Free your heart from hatred.
Free your mind from worries.
Live simply.
Give more.
Expect less.

#220 Damifino on 04.23.19 at 12:49 pm

Glory be! The S&P 500 just broke through to a new all time high. Can the rapture be far behind?

#221 Tater on 04.23.19 at 1:08 pm

#122 the ryguy – In cabo on 04.22.19 at 8:51 pm

So what if the new guy is a comedian. At least people know where his money came from. How are the Clintons and Pelosi worth over $200M? Hmm nobody seems to know, weird hey?

—————————————————————–
Pelosi list her net worth at 16m or so. Her husband has a VC and RE firm in San Francisco. Not sure if you’ve followed start-ups or SF real estate for the the last, oh, 20 years, but not really surprising that he’s wealthy.

As for the Clinton’s, book advances and speaking fees of 150-300k an engagement can add up quickly.

All of this is out there publicly. The only people who don’t know it are the ones too dumb, lazy or narrative driven to actually look in to it.

#222 ponderer on 04.23.19 at 1:11 pm

The meme that Trudeau has no experience diminishes anyone referencing it. He was an MP for eight years. He ran a national leadership contest, which he won. He defeated a sitting PM in a federal election. Give it a rest. You can disagree with his actions (as do I often), but until you provide a better CV, do not diminish the man. – Garth

I’d be curious to see J. Trudeau’s highlight reel since becoming PM. What has he done that another leader couldn’t, wouldn’t, or should? What are his accomplishments in office? I’m often wondering, what does he do? (like the ad about the dishwasher)

#223 NoName on 04.23.19 at 1:13 pm

#186 Concerned Reader on 04.23.19 at 8:29 am
A great post. It’s incredible the hate for Trudeau in the comments. While I don’t think he is a a good PM and did not vote for him, sadly he is the best choice available this fall to keep Canada on the right path. I have no interest in living in the racist, willfully blind and self-serving society so many here seem to want.

Why dont you really tell us how do feel about all this, i what would you do of you could have yout way. Perhaps labour/re-education camps camp in goulag somwhere, for all like minded deplorables? Am all ears, and am sure others are to.

Dont be chicken just let me have it.

#224 Damifino on 04.23.19 at 1:15 pm

Have you read this? – Garth
———————————————-

In fact no, but I intend to. The Vancouver Public Library currently has 122 holds waiting on 20 copies of “The Uninhabitable Earth”. Perhaps I’ll quit being so cheap and walk up to Chapters to buy a copy.

You may want to take a gander at this…

https://www.goodreads.com/book/show/20821049-the-moral-case-for-fossil-fuels

I strongly suspect Ryan L. will have read it.

#225 Dups on 04.23.19 at 1:32 pm

The ON Gov, first gave the people the Off the Air Digital TV, now they gave us Weed, and 1$ Beer possibly, what are they trying to do, encourage us being poor and stupid?

#226 RuKind on 04.23.19 at 1:34 pm

#25 – Thank you. I’ve been reading this blog for a couple of years now and learning as much as I can. I’ve even been trying to rewire my brain to a prosperity mindset since I’ve been raised in a financially poor/illiterate environment that’s clearly had the effect of “there’s not enough to go around. I feel like this has been passed down from generations, but it ends here, with me. I’m grateful that there are blogs like this one to understand the “millionaire mindset” and how I can better my life. So, I would really be interested in learning from a 0.5%er like you. As much as the internet is full of information on how to invest properly (knowing where to look), I’d welcome a mentor to help guide me to learn more about money management, set financial goals, investing, and a solid foundation for long-term financial success. And, in turn, I’d pass these skills to others in need. It’s like that Abraham Lincoln quote “you can’t help the poor by being one of them.” So, Chaddywack, if you’re interested and available, please do let me know. If not, thank you for reading this and I wish you, and everyone else reading this, good health, wealth, and happiness. Sincerely.

#227 EB on 04.23.19 at 1:42 pm

I’m increasingly convinced that Thomas Pynchon is the most relevant author of the 20th/21st so far century. Recently I’ve waded in to Mason&Dixon and per usual for him the various threads of declared history versus narrative history versus fact couldn’t be more pertinent to the current odd historical lacuna. Declared and narrative history were merged as one nearly solid unit for some decades owing to the evolution of nearly singular mass media, and the elites became used to their carefully tested soundbites having a directive weight that has now weakened profoundly. The plebeians and the groundlings have found their voice again in a way that politicians who had to shout over the beer hall roar would have understood intuitively. It’s a lot less polite, but on the other hand being called on your BS is good for the soul, too. The populists are just the ones who are sucesfully working the new game.

#228 TurnerNation on 04.23.19 at 1:54 pm

Zomg they had Climate change in the 1930s. Farms and food production wiped out.

How do they grow food in the Middle east…figs, dates, nuts. So hot there.
Floods..they grow rice in water paddies. All low tech.

We have better technology now.

https://en.wikipedia.org/wiki/Dust_Bowl

#229 BillB on 04.23.19 at 1:58 pm

When is Garth going to start his own political party?

He could call it the “Fiscally Conservative But Otherwise Quite Positive, Civil, Sensible and Proudly Canadian” party (FCBOQPCSPC). Rolls off the tongue, doesn’t it?

But seriously, I’d vote for you in a second.

#230 jefferson on 04.23.19 at 2:10 pm

Where I live they are clearing farmlands and building townhouses in anticipation of the many hundreds of thousands of immigrants to the GTA over the next couple decades….

For who’s benefit I don’t know…I’m sure someone will say without immigrants who will pay our CPP in the future because of our low birth rate etc….like who cares, so let’s destroy our environment and alter our still somewhat peaceful society just for that reason?

If there was someone I could vote for to stop that I would do so.

#231 JonBoy on 04.23.19 at 2:15 pm

“This isn’t simply a matter of people living beyond their means,” says the insolvency firm sponsoring the poll. “The reality is that too many households simply cannot make ends meet, however hard they try.”

—–

Baloney. Complete and utter baloney. When I see the toys, the vacations, the new cars, the latest clothes, the eating out and the general waste of money around me, that conclusion is utter baloney.

People CHOOSE to be poor or in debt. I have a sister that adds about $5K in debt every year, despite making more money each year and living in a low-cost area. Why? Her eyes are bigger than what’s in her wallet. They take more vacations than we do, they constantly buy “little luxuries” and they treat credit cards like a chequing account. They have no accountability to themselves and so they overspend and under-earn.

People are ignorant of how wasteful they are of money but that doesn’t change the fact that they’re wasteful.

When I was first starting out, we were lucky to have a few hundred dollars at the end of the month. However, that was with a tiny salary and minimal experience! When people today make double or triple what I made and still can’t make it work, the problem is with them, not with the system.

You do have areas where it’s obviously tougher, including the Lower Mainland (where I live). But that’s still a choice!

People choose. They are not forced. Ergo, the end result is up to them, not others.

Personal responsibility is completely lacking today. The truly “poor” or “unfortunate” are relatively rare and often have multiple “real” barriers to making a good living (ESL + lack of education, for instance, would be a major limiting factor for income).

Everyone wants what they want, without realizing that there is a price to be paid for every bit of it. If you don’t have the money, you don’t get the shiny item. Simple. But credit cards (or loans/payments) take away that barrier and so everyone gets what they want.

Poor decisions = poor results. That’s never changed. Yes, there are tough years (especially early on) but things do get better if you put in the time and effort and make smart decisions.

Look in the mirror, not at the system.

#232 JB on 04.23.19 at 2:17 pm

#167 Smoking Man on 04.23.19 at 1:16 am

We heard a lot about the evils of white supremacy in the aftermath of the New Zealand mosque attack.

We’re hearing very little about the evils of an unnamed ideology in the wake of the Sri Lanka attacks of Jesus lovers. The MSM hides the truth when it’s is not part of the narrative.

Don’t get me wrong I’m into aliens so I have no green skin in the game. Regarding both side consider them both low equaly idiots.

It’s like this. For the UN ( middle east oil interests) to get a strangle hold of western control , they got to get into the children’s minds, hence my issue with stupid teachers .

Then they need to import millions of voters that will guarantee the implementation of a one world global communism.

Communism sucks and I will always fight it. Kills more people than tobacco.
…………………………………………………………………
Sure they do, sure they do, just keep telling that to yourself you crazy old man. Perhaps years ago the communist regimes killed tens of millions or more but they are under the microscope now and the world can see them. So go light up another smoke! aaaahhh can’t you feel that deep fresh breath of tobacco in your lungs.
There are approximately 600 ingredients in cigarettes. When burned, cigarettes create more than 7,000 chemicals. At least 69 of these chemicals are known to cause cancer, and many are toxic.
Many of these chemicals also are found in consumer products, but these products have warning labels—such as rat poison packaging. While the public is warned about the danger of the poisons in these products, there is no such warning for the toxins in tobacco smoke.
Here are a few of the chemicals in tobacco smoke and other places they are found:

Acetone—found in nail polish remover
Acetic acid—an ingredient in hair dye
Ammonia—a common household cleaner
Arsenic—used in rat poison
Benzene—found in rubber cement and gasoline
Butane—used in lighter fluid
Cadmium—active component in battery acid
Carbon monoxide—released in car exhaust fumes
Formaldehyde—embalming fluid
Hexamine—found in barbecue lighter fluid
Lead—used in batteries
Naphthalene—an ingredient in mothballs
Methanol—a main component in rocket fuel
Nicotine—used as an insecticide
Tar—material for paving roads
Toluene—used to manufacture paint

BTW: approximately 7 million people leave this planet every year due to smoking. They all leave horizontally I might add!

https://www.who.int/news-room/fact-sheets/detail/tobacco

#233 TheDood on 04.23.19 at 2:58 pm

#230 jefferson on 04.23.19 at 2:10 pm

Where I live they are clearing farmlands and building townhouses in anticipation of the many hundreds of thousands of immigrants to the GTA over the next couple decades….

For who’s benefit I don’t know…I’m sure someone will say without immigrants who will pay our CPP in the future because of our low birth rate etc….like who cares, so let’s destroy our environment and alter our still somewhat peaceful society just for that reason?

If there was someone I could vote for to stop that I would do so.
____________________________________

Canada doesn’t need more peace, we need more tax payers, about 100 million more. We have the space for it. We have more of ‘everything’ than nearly every country in the world, except common sense!

#234 Ace Goodheart on 04.23.19 at 3:00 pm

RE: #224 Damifino on 04.23.19 at 1:15 pm

“Have you read this? – Garth
———————————————-

In fact no, but I intend to. The Vancouver Public Library currently has 122 holds waiting on 20 copies of “The Uninhabitable Earth”. Perhaps I’ll quit being so cheap and walk up to Chapters to buy a copy.”

For those with a bit of interest in “zero carbon” fuel technologies, have a look at ethanol. Clean burning, made from corn, you can breathe the exhaust fumes, and it’s amazingly good for your engine. Modern cars can burn it with a change to their computer programs (no mechanical changes needed), and many cars are already set up for it (“flex fuel” vehicles).

It is zero carbon because any CO2 which is released when it is burned, is taken back in again when the plant from which it was produced, is re-grown to produce more.

Why do we not have it in Canada? Ask the Federal government (they have made sure it is not available at any gas station other than as an additive to low grade gasoline).

If our Federal government really wanted to force people in Canada to make environmentally friendly decisions when fueling their cars, they would ensure that ethanol was available at every gas station, would ensure that new vehicles sold in Canada had to all be “flex fuel” vehicles that could run on it, and would sell it without carbon tax as an alternative to gasoline. Then watch as people all switch to using it (this has already happened in Brazil).

Why has our Federal government not done this? Because they are not trying to reduce carbon emissions, they are trying to increase tax revenue. The best way to do that is to tax essentials, that people cannot do without. If you tax gasoline heavily, but give people an option of clean, carbon neutral ethanol, and make it illegal to sell a new car that cannot run on this, everyone will use ethanol (because it’s cheaper and better for your engine). That will cause gas tax revenues to plummet, and T2 will not be able to send billions a year to his pet project NGOs.

Taxation only works if people HAVE TO pay the taxes. Give them a choice, they will ALWAYS opt out of the tax, if they can.

#235 rosie on 04.23.19 at 3:09 pm

#215 Penny Henny

Toronto, Vancouver, Calgary, Montreal and everywhere in between had the numbers out within the first week of April. Niagara took 3 weeks and got the date wrong. I wonder if they got any thing else wrong. It’s a pretty small area, population wise.

#236 Mike in Edm on 04.23.19 at 3:19 pm

People have no one to blame except themselves for their near-bankruptcy. There are enough programs out there to help people get more educated, find jobs, get training, etc… And if they have all of that and still can’t make it, in reality for MOST of them, all they need to do is cut back on some spending. 5 iphones + cell bills per month (because little 8yr old Jonny needs one!), $200 cable packages, brand new cars, granite countertops, etc.

Again, most people have no one except themselves to blame for their financial downfalls.

#237 NoName on 04.23.19 at 4:00 pm

when you are working stiff…

https://imgur.com/a/gLh0XQc

#238 Doug in London on 04.23.19 at 4:13 pm

“The reality is that too many households simply cannot make ends meet, however hard they try.”
——————————————————-
It would be interesting to see some statistics about how many people have money problems because of bad money management skills, and those who really do a good job of keeping costs under control and still have trouble making ends meet.

#239 Doug in London on 04.23.19 at 4:30 pm

@Ace Goodheart, post #234:
Ethanol isn’t the zero carbon fuel you think it is. You need to take into account the fuels consumed in planting the corn, harvesting it, and taking it to the processing plant. The energy equivalent of a litre of ethanol only produces about 1.3 litres of ethanol. Add to that this process takes away corn that could be used, directly or indirectly, to produce food. It works better in Brazil because the yield of alcohol from sugar cane is higher than from corn. Now, when the process to make cellulose from agricultural waste into ethanol is perfected and made commercially viable, then it will be a much better fuel to reduce net carbon emissions.

#240 isuckless on 04.23.19 at 4:31 pm

#234 Ace Goodheart: are you sure you are talking about ethanol?
In ICE burns better than ordinary water but way less than the ordinary gasoline (compare mileage between “normal” gas and ethanol “enhanced” one), creates bubbles if you drive in higher elevations (this kills MOGAS converted aircraft engines), takes extraordinary energy to convert it from corn to liquid, is not good for the ICE (even Consumer’s Report eventually admitted this), required enormous subsidies for farmers to grow crops for ethanol (instead of growing crops for human consumption), etc..

#241 Ace Goodheart on 04.23.19 at 4:52 pm

RE: #240 isuckless on 04.23.19 at 4:31 pm

I suppose then there’s no solution. We are all just going to die when the planet collapses due to climate change. Sort of an Alderaan vs the Death Star situation.

Fortunately, of course, this climate change stuff is bunk, junk science and the food of alarmists and extremists.

No, the world is not ending.

Yes, this planet has had temperature extremes for the past 400,000 years that would make your see saw spin.

We live in a tiny little post glacial period, in which the climate has been roughly stable for a few thousand years.

Have a look here:

https://oz4caster.wordpress.com/tag/ice-age/

400,000 years of earth temperature readings, taken from an ice core drilled out of a glacier. Very accurate information, that shows just how silly this whole global warming alarmist nonsense is.

The planet’s temperature fluctuates wildly from warm to cold, over and over again, with very small, few thousand or so year periods when it is stable.

We live in one of those periods.

So whatever we do, the roller coaster awaits. We are just at the top part, where it glides along a bit before it crashes back down.

If I were us, I would be pumping as much CO2 in as I could, as that might delay the inevitable fall back into glaciation, which would make the Northern and Southern hemispheres uninhabitable again for 10,000 years or so.

#242 maxx on 04.23.19 at 6:58 pm

@ #192

Oh please Garth, I very much doubt anyone on this blog would, for example, screw up something as basic as the number of years since Canada’s confederation. Especially were it plastered across the front lawn of their place of work.

Diminish, shminimish.

#243 akashic record on 04.23.19 at 7:04 pm

#175 Gravy Train on 04.23.19 at 6:53 am

#47 Dogman01 on 04.22.19 at 5:24 pm
#48 Jay Currie on 04.22.19 at 5:27 pm
#69 akashic record on 04.22.19 at 6:33 pm
#102 akashic record on 04.22.19 at 7:56 pm
#110 akashic record on 04.22.19 at 8:14 pm
#114 Deplorable dude on 04.22.19 at 8:27 pm
#116 akashic record on 04.22.19 at 8:35 pm

It’s quite obvious to me that none of you ‘deplorables’ have read the Mueller report. It’s astounding to me that you ‘deplorables’ can prattle on endlessly about a report that you haven’t even read!

Here’s the report. Read it, and then talk about it!
https://www.justice.gov/storage/report.pdf

Here are the related court documents.
https://www.justice.gov/sco

Who needs to read when you’ve got Fox News? – Garth

Surprise me.

Since you hint you went through all of it, you will be in a great position to articulate your view, possibly even better than all those democrats, who started to fight whether they should try impeachment for obstruction of justice or not.

#244 Doug in London on 04.23.19 at 10:13 pm

@ Ace Goodheart, post #241:
Yes, this idea that climate change is now causing extreme weather events and will cause more in the future is all a hoax so you shouldn’t have any problems with buying a house along the lower Ottawa River, in places like Gatineau or Rigaud, QC. Nor will you have any problem with buying a house in a low lying area along the beautiful scenic St. John river in New Brunswick. I’m sure you’ll find plenty of proud owners of this prime real estate eager to sell you some property there.

#245 will on 04.24.19 at 12:06 am

funny how many people feel they have to report how long they have been reading the blog. lol.

#246 Gravy Train on 04.24.19 at 12:04 pm

#209 Deplorable dude on 04.23.19 at 10:56 am
“Lol…give it up Guys….Mueller’s boss, the Attorney General of the United States said Trump’s actions did not rise to the legal definition of obstruction….”
Read the introduction to (pp. 1-2) and the executive summary of (pp. 3-8) the second volume of the report for the refutation. (I gave you the link to the report.)

“Sorry Mueller didn’t turn out to be the Messiah you all wanted….” His report was everything I expected and more.

“Now the fun really starts….going after the seditious scumbags who weaponised the most powerful intelligence assets in the world to spy on an incoming President…” Where’s your evidence? Fox News or Breitbart News? :P

“…..something you’d think the media and the left would care about…..but then again I was told that was all a conspiracy 2 years ago by the left….” And that you’re wearing a tinfoil hat? :P

#243 akashic record on 04.23.19 at 7:04 pm
“Surprise me. Since you hint you went through all of it, you will be in a great position to articulate your view, possibly even better than all those democrats, who started to fight whether they should try impeachment for obstruction of justice or not.” I couldn’t possibly do a better job of articulating Mueller’s view than Mueller did himself. If you don’t have time to read the entire (448-page) report, I’d suggest that you read the introductions to and executive summaries of both volumes of the report (a total of 18 pages). You can manage that, can’t you? If not, have someone read them to you! (I’ve already given you the link to the report.) :P

#244 Doug in London on 04.23.19 at 10:13 pm
“Yes, this idea that climate change is now causing extreme weather events and will cause more in the future….” Your sarcasm is exquisite, but completely lost on Ace Goodheart. :P