Tough guys

The latest inflation is 2%. If you strip gas out (prices went down last month), the cost of living rises to 2.3%. When the impact of the carbon tax is known (it was just imposed in a few provinces, including Ontario), expect a bump.

In other words when you can borrow money to buy real estate at 2.74% and lock that in for five years, why wouldn’t you? Is it not almost free financing? And surely you can do better than that with the rate of return on your investments.

However, people are still perplexed by this. Like Jeff, out there in the flatlands.

Love the blog. Read it every day. My wife comes for the financial advice, but stays for the puppy pics. (My wife’s beloved pup of over 15 years was unfortunately put down a few days ago. After a slow decline and health issues, it was an act of mercy, but heart breaking nonetheless.)

Just following up on a question from another reader about using a smaller down payment in order to keep more money invested. We have been discussing this as well, after being 20% down sticklers we may be seeing the light. We are in the Paris of the Prairies. Looking for houses around $500K, or about 2.9x our current combined income. We have the ability to put 20% down and still meet your Rule of 90. We are 33 and 37 and $100K is 28% of our total investments. But it seems to me to be much smarter to lock in a mortgage under 3% with a smaller down payment and keep more invested. I’m not thinking the Saskatoon market is going to appreciate much if at all in the next 5 years unless there’s a big resource turn around, so I’d prefer not to lock too much away in a stagnant asset. And over the life of the mortgage the investment income on the portion of the $100k not used for a down payment, $45-50K, easily covers the extra interest, CMHC insurance, and provides a tidy profit. Is my math right or am I missing something?

Not a thing. Except the emotional part. People aggressively pay down mortgages when interest rates are at rock-bottom levels not out of logic, but insecurity. They think real estate is a nest, a refuge, a sanctuary from the instability of modern life, and any debt makes it less of a fortress. Bunk. In reality it’s cash flow that provides security and independence. Meanwhile debt which comes at such a low cost can be the ideal tool to get a home without gutting the liquid portfolio everybody needs. Especially in weird times.

It matters not having a paid-for home in later life if you can’t afford the utilities, property taxes, insurance and maintenance plus all of life’s other expenses. Remember GreaterFool’s Truism #2 – you can always rent accommodation. You can’t rent cash flow.

Over the last eight years a balanced and diversified portfolio has returned about 7%, through times of lean and fat. In fact, stock markets have delivered about the same for decades. A fair assumption then that capital invested will give you a nice premium over the cost of money borrowed. After five years use some of that gain to pay the mortgage down upon its renewal. Have your Prairie Paris cake and eat it too, Jeff. Sorry about the pooch. They all end up in heaven.

$     $     $

Now what could derail this? Trump, of course. Last week’s Mexico tariff tantrum was enough to careen markets lower, send bonds higher, invert the yield curve and make reasonable men wonder what kind of rash he must have. The US boss has now attacked America’s No.3 trading partner (we’re No.2), made a mockery of the new NAFTA (that’s us) and at the same time wildly escalated the trade war with the No.1 partner (China).

On Sunday Beijing released a paper stating, plainly, that the war “has not made America great again.” After inflating socks, swelling corporate profits and boosting employment, Trump’s working hard to unravel that, since the war is increasing consumer prices and jumping manufacturing costs. That will slice the GDP and chill job growth. It’s a wild gamble that China will cave or Mexico fold before the US economy gets whacked. At least that’s what the stock market is worried about.

Said the dudes running the world’s second biggest economy: “The Chinese government rejects the idea that threats of a trade war and continuous tariff hikes can ever help resolve trade and economic issues. Guided by a spirit of mutual respect, equality and mutual benefit, the two countries should push forward consultations based on good faith and credibility in a bid to address issues, narrow differences, expand common interests, and jointly safeguard global economic stability and development.”

Mexicans and Chinese do not pay American tariffs on their exports. Americans do. Mexico won’t pay for a border wall with a 5% levy. Trump has just imposed big taxes on his own people, and glossed it over as being punitive on other countries. The outcome will be lower revenues and higher costs for US corporations. Lower profits. Dropping stock prices. Less hiring.

This is the biggest economic threat of 2019. One man. The defence of him in the comments section Friday was a sad thing to read. Donald Trump certainly gets full marks for having duped millions.

Having said that, Jeff, we will endure. Global growth will be dinged but not derailed. America is bigger than the White House. Moderation and respect must eventually prevail.

If not, it’ll be quite the implosion. You will – trust me – want to be liquid.

131 comments ↓

#1 SoggyShorts on 06.02.19 at 2:41 pm

Insane that one man so far removed from me can effectively take away tens of thousands of my money with a godamn tweet.
I’m fine, and I know it’ll come back, but it’s still nuts.

#2 Kat on 06.02.19 at 2:45 pm

Having been to Saskatchewan many times as I have family there I am not so sure I would lable that city as the Paris of the prairies. Whatever makes you feel better about the mosquitos I suppose.

#3 Flop... on 06.02.19 at 3:13 pm

I’m not sure if the fitness fanatic of a President will last to 2024 if he wins in 2020

The Dems will keep whacking away at him with a pool noodle.

I do see an arrest in his future.

Cardiac Arrest…

M44BC

#4 BobC on 06.02.19 at 3:22 pm

Respectfully disagree. Time will tell. “Respect”? Is that what the states have received since NAFTA?
Sorry, America first for awhile.

#5 Frito on 06.02.19 at 3:32 pm

Do you not think this could be straight out market manipulation for the benefit of his agents, family and cronies? These out of the blue economic tweets with no knowledge or support from his government agencies must have some purpose other than making him seem uninformed and unhinged. I certainly hope the SEC is tracking activities before and after these market swings

#6 Ken M. on 06.02.19 at 3:38 pm

“After inflating socks, swelling corporate profits and boosting employment…”

Watch out for those fat feet…

#7 Reddick Crestor on 06.02.19 at 3:52 pm

Garth, with all of that said, has your cash pile frown to 10-15% or are you still holding on ~5%? My Preferreds seem to be getting into buying territory too.

5% cash is fine. Just ensure enough assets are liquid, which rules out MICs, GICs and bungalows. – Garth

#8 Implosion on 06.02.19 at 3:55 pm

Your last comment sent chills up my spine
Surprised all the gold lickers did not come out in full force.

I am trying to get liquid, but with less than 5 percent cash I am not there.

My question is cash really king if there’s a possibility of a real implosion.
Unless your thinking to buy after a big sell off.

Then it’s shivers of yes I got that right.
Have a good weekend

#9 SoggyShorts on 06.02.19 at 4:02 pm

#5 Frito on 06.02.19 at 3:32 pm

Do you not think this could be straight out market manipulation for the benefit of his agents, family and cronies? These out of the blue economic tweets with no knowledge or support from his government agencies must have some purpose other than making him seem uninformed and unhinged. I certainly hope the SEC is tracking activities before and after these market swings

********************************
Right? I mean how hard would it be to short basically everything in advance of a tariff tweet if you knew it was coming?

#10 Samuel on 06.02.19 at 4:05 pm

After about 20 years of being fully invested I am now mostly in cash. Maybe 10% is exposed to stocks now. Stock markets do crash from time to time, and this seems like a perfect set up. If I am wrong, I might lose a few points, but if I am right it could be a huge opportunity to repurchase on the cheap. Timing is very difficult, but no sense in being liquid and not taking advantage of such possible opportunities.

#11 PeterfromCalgary on 06.02.19 at 4:15 pm

Mexico will beef up border security because its economy would hurt too much if Trump puts tariffs on its exports. So I am not worried about the Mexican tariffs.

China is a lot more tricky because they have a huge domestic market and could better cope with a trade war.

#12 yvr_lurker on 06.02.19 at 4:24 pm

My sense is that if the markets crash too much in the next month or so, he will loosen up the rheteric about the trade war. He is playing chicken at the moment, and I don’t think will want to see the market dive 10-15% in a month back to December levels…

#13 JackMing on 06.02.19 at 4:32 pm

You will – trust me – want to be liquid.

And by liquid, you mean cash?

Cashable, income-producing. – Garth

#14 Tyrants: Shakespeare on Politics on 06.02.19 at 4:34 pm

For the Trump supporters who populate this blog of late, you would do well to read and think about the book referenced in the title.

In essence, the author has examined Shakespeare’s take on tyrants. Not much has changed in politics over the centuries and you would do well, my little cabbages, to think long and hard about what is unfolding in the USA.

#15 Tony on 06.02.19 at 4:46 pm

The reason the U.S. stock market has fallen is the risk of Trump being impeached has greatly increased. As for your points for the market falling I don’t see any of them. In the past the U.S. stock market would never have fallen on any of that other news. We’ll soon see what Nancy Pelosi “has up her sleeve”.

#16 Tony on 06.02.19 at 4:49 pm

Re: #12 yvr_lurker on 06.02.19 at 4:24 pm

Trump will make Powell cut the Fed funds rate this September and likely this December.

#17 I live in Saskatoon on 06.02.19 at 4:50 pm

“Ah, Paris. The Saskatoon of France.”

Said no one ever!

#18 Tony on 06.02.19 at 4:54 pm

Re: #10 Samuel on 06.02.19 at 4:05 pm

What the U.S. stock market does hinges solely on whether or not Trump is impeached/indicted or steps down. Nothing else matters because the Fed will lower interest rates. The market could make a 20 to 30 percent move upwards before October 2020 if it looks like Trump will win the 2020 election.

#19 Reality is stark on 06.02.19 at 5:05 pm

Just remember that if you are sleeping with someone even if you maintain a separate residence and you text them that you see each other together forever you can get hit with alimony and child support. Even if the child is not yours.
Financial hits come in all shapes and sizes not just Trump hits.
You can never be cautious enough especially in North America with our outrageous legal system.
I’ll let you in on another little secret. The way divorce works is that the two lawyers find out the total financial assets involved and agree on the take. The details of the divorce are completely irrelevant. They just bill until they reach the take.
Canada is a wonderful place as long as you stay risk averse.
That is how we stimulate entrepreneurialism in this country.

#20 theoryAndPractice on 06.02.19 at 5:06 pm

#1 SoggyShorts on 06.02.19 at 2:41 pm

if only one knows when the tweet will come and what it will be about. There may be some who knows both.

#21 Leo Trollstoy on 06.02.19 at 5:18 pm

CAD is trash

USD is king

#22 phil on 06.02.19 at 5:25 pm

How is a tariff not better than GST??? It taxes consumption and subsidizes local labor over foreign labor. When median income in the US is 25K vs 6K in China, I’ll take that anytime. Free trade means those labor rates will meet in the long run – unless you believe economist (aka big corporations / govt / media) lies about comparative advantage… Do you really believe your wages and standard of living has gone up in the past 20 years???

#23 Nothing Surprises on 06.02.19 at 5:36 pm

The US boss has now attacked America’s No.3 trading partner (we’re No.2), made a mockery of the new NAFTA (that’s us) and at the same time wildly escalated the trade war with the No.1 partner (China) – Garth.
……………………………………………………………………………..

My understanding and based on several news references over the last months Canada is the No. 1 trading partner. This has changed?

#24 espressobob on 06.02.19 at 5:40 pm

There’s nothing wrong dumping equity positions every time trouble is in the air. It’s human nature after all. Better than losing your shirt in a rigged ponzi scheme?

Not to worry, I’ll take all that horrible stuff off your hands at a nice discount and provide a forever home for this forsaken crap.

Thank you.

#25 Remembrancer on 06.02.19 at 6:01 pm

#15 Tony on 06.02.19 at 4:46 pm
The reason the U.S. stock market has fallen is the risk of Trump being impeached has greatly increased. As for your points for the market falling I don’t see any of them. In the past the U.S. stock market would never have fallen on any of that other news. We’ll soon see what Nancy Pelosi “has up her sleeve”.
——————————
The real reason is that the wingnut tweets economic policy at a whim – uncertainty is not good for business…

#26 AK on 06.02.19 at 6:13 pm

#15 Tony on 06.02.19 at 4:46 pm
“The reason the U.S. stock market has fallen is the risk of Trump being impeached has greatly increased.”
====================================

Impeached for what reason? Because he won the 2016 election.?

You need to stop watching CNN, MSNBC and get treatment for your TDS.

#27 Long-Time Lurker on 06.02.19 at 6:13 pm

DELETED

#28 AK on 06.02.19 at 6:18 pm

“Now what could derail this? Trump, of course.”
===================================

If the U.S. is such a bad place, why are so many people trying to get in illegally.?

It’s better than what they flee. Try not to be a moron. – Garth

#29 akashic record on 06.02.19 at 6:18 pm

Before Trump everything was peachy. Americans, the world, even Canadians were happy. Global enlightenment was on track, sunny days were the shared human experience.

Maybe some learned scholar here will finally explain how an idiot, with no clue in politics, a single man, who is the biggest threat to economy, a racist, a tyrant and I am sure many other important shortcomings could be mentioned – won the presidency.

The answer is due, now that we know it wasn’t Putin who put him in the White House with fake Facebook ads.

Who, what, why was it then?

Garth and any other takers, all eyes are on you.

#30 Flop... on 06.02.19 at 6:22 pm

Hey Dolce, I do believe congratulations are in order.

Venice has been selected to be the site of the sequel of the Tom Hanks classic, Forrest Gump.

Run Formaggio Run…

M44BC

https://www.dailystar.co.uk/news/world-news/782861/venice-msc-opera-crash-dock

#31 The Ryguy on 06.02.19 at 6:30 pm

Guess I’ll have to go back and read fridays comments section :)

Back in Canada and apparently it’s on fire, can barely breath in Edmonton.

#32 Shawn on 06.02.19 at 6:38 pm

Nice drop in oil. Lower lows for energy stocks.

I still think we’re in a secular bear market for commodities. WTI back into the $20s?

#33 not 1st on 06.02.19 at 6:43 pm

#29 akashic record on 06.02.19 at 6:18 pm

Well obviously 60M Americans didn’t feel as peachy as you did in your sunny bubble. Anybody with an once of sense could see the problems with the globalized economy siphoning off GDP from the US to barely friendly countries and some down right hostile.

Let me give everyone an economics lesson. American house hold income is 8 times that of china. Who is going to weather the tarrifs better? Americans whos GDP matches their unemployment rate, or 1 billion Chinese who still don’t have toilets.

Eventually when a product becomes mor expensive, alternative suppliers will rise from countries like India, Malaysia, Thailand and Vietnam where state control is much less. Some products will become expensive enough that they will be made in the US again using automation.

You guys have no idea what an economy even is. Your wall street next quarter mentality is your weakness. Trump is setting the US up for the next 100 yrs. The unfair unequal global trade paradigm is over. Its done. better adjust yourself. Pretend its climate change or something.

#34 Flop... on 06.02.19 at 6:43 pm

The people pushing for a hard Brexit could have come up with a catchier name.

What’s wrong with Erectxit…

M44BC

#35 Linda on 06.02.19 at 6:48 pm

The puppy picture of the day is just so ‘AWWWWW!!!’. I’d vote for that puppy if it were running for president…… I think the markets need more puppies & less Trump. Puppies want to be friends with everyone & if they attack, it is usually for a very good reason.

#36 ALFRED E. NEUMAN on 06.02.19 at 6:55 pm

#5 Frito on 06.02.19 at 3:32 pm
Do you not think this could be straight out market manipulation for the benefit of his agents, family and cronies? These out of the blue economic tweets with no knowledge or support from his government agencies must have some purpose other than making him seem uninformed and unhinged. I certainly hope the SEC is tracking activities before and after these market swings ++++++++++++++++++++

Agree absolutely Frito .. I queried the same thought on yesterday’s post. Do like your suggestion that someone reconcile his brash statements to his trading activity. Bingo.
Say, can Mueller do that kind of work? I hear he’s recently unemployed and available.

#37 Remembrancer on 06.02.19 at 6:55 pm

#29 akashic record on 06.02.19 at 6:18 pm
Who, what, why was it then?
————————-
Jedi data analytics targeting handful of electoral college swing vote states combined with some of that other stuff that no one didn’t say didn’t happen

#38 MF on 06.02.19 at 7:03 pm

29 akashic record on 06.02.19 at

Sure.

It looked like radical progressivism was starting to take hold. Trump is actually pushback to the norm.

MF

#39 TurnerNation on 06.02.19 at 7:04 pm

Lots of money saved on AC this year a Low of Feels like 3c tonight in Hogtown.
https://www.theweathernetwork.com/ca/36-hour-weather-forecast/ontario/toronto

But the global warming – the earth is broken…I know I know it is Long Term trend to watch.
(Shhh keep it down, the Earth God will hear me and smite us in the coming years with +40c temps this time then.

#40 yvrmc on 06.02.19 at 7:05 pm

Note for Flop …. I went to an open house in N Van last weekend… it was on the market at 980K a few months back then went off. It returned a few weeks ago at 920K. It just got relisted at , get this , 800K …. An astonishing drop for NV… Haven’t seen a house under 900K for an awful long time here….

#41 Remembrancer on 06.02.19 at 7:06 pm

#22 phil on 06.02.19 at 5:25 pm
How is a tariff not better than GST??? It taxes consumption and subsidizes local labor over foreign labor. When median income in the US is 25K vs 6K in China, I’ll take that anytime. Free trade means those labor rates will meet in the long run – unless you believe economist (aka big corporations / govt / media) lies about comparative advantage… Do you really believe your wages and standard of living has gone up in the past 20 years???
———————————————–
Tariff is a direct tax on the domestic consumer, unless you believe that the extra costs to import are never sent down stream from the manufacturer? Oh BTW – GST, HST or US State or Federal sales taxes are on top of that tariff price – so tax on tax… As for subsidising local labour, its general revenue to the gov. You really think you’re getting that? #TariffsAreTaxes… Sure, maybe at some point there’s incentive to produce more local, but given import / export markets and sourcing of different components, that dream is long term at best and foolishly impacts the domestic consumer if there is no local alternative…

#42 oakville_sucks on 06.02.19 at 7:19 pm

Nothing to worry about…The Democrats will save the day!!!… (sarcasm!)

#43 Muttley O'Toole on 06.02.19 at 7:21 pm

From afar I see Trump is for Main Street America and not Wall Street.
So when the moneyed people get hurt they squeal the loudest.
Do not overlook, except for mineral sands ( and these will be ramped up), U.S.A. is completely independent from the world.
There is a world-wide insurrection movement against global in-corporatism , no matter the push back .

#44 The Great Gazoo on 06.02.19 at 7:22 pm

“Last week’s Mexico tariff tantrum was enough to careen markets lower, send bonds higher, invert the yield curve and make reasonable men wonder what kind of rash he must have.”

Objectively wondering if Trump has no intention of following through on the Mexico tariffs – just a more “fire and fury” bluster – then just walk it back before the deadline.

This ruse has the potential to achieve two objectives:

1) Immediate distraction away from the Mueller mini conference. Makes some sense since the tariff “plan” clearly wasn’t well thought out – possibly pulled together within a day of the Mueller conference.

2) Get Mexico’s attention and maybe they give him something and reduce the flow of immigrants to the US. This might be a long shot. Since 1) was more important anyway – if he gets something here – bonus bucks.

Do not interpret this as for or against trump, just trying to objectively understand what he could be up to and why.

#45 Learner on 06.02.19 at 7:38 pm

@#28 VoiceOfReason from June 1

Thanks for answering my question. I understood it is complex to calculate the actual commuted value (CV). What I want to know is to have a rough idea about how much fixed income amount I already have in the portfolio because of the DB pension. For example, the pension statement gives a projected yearly pension payment of X dollars, which should be equivalent to having a Y dollars of fixed income assets in the portfolio. I want to know if there is formula between X and Y. If a bond ETF typically has 2% yield, so Y = X / 0.02, is this correct or something more to consider? Knowing the Y amount, I probably can reduce the fixed income portion and increase the growth portion in the overall portfolio. Thoughts?

Thanks

#46 Flop... on 06.02.19 at 7:39 pm

#40 yvrmc on 06.02.19 at 7:05 pm
Note for Flop …. I went to an open house in N Van last weekend… it was on the market at 980K a few months back then went off. It returned a few weeks ago at 920K. It just got relisted at , get this , 800K …. An astonishing drop for NV… Haven’t seen a house under 900K for an awful long time here….

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

Hey North Shore Mike, good to hear from ya.

Sounds like you are talking about this one?

https://www.zolo.ca/north-vancouver-real-estate/4480-hoskins-road

I just did a post last night about how one of my neighbors was chasing 1.38 and had to settle for 836k

https://www.zolo.ca/vancouver-real-estate/5186-fraser-street

That’s back to around 2014 pricing with no parachute in sight to slow this thing down at this stage.

Work is surprisingly busy, but the last few houses I have done are being built by the person planning on living there for a long time, as opposed to the twelve month close then sprint for cash…

M44BC

#47 LiquidW on 06.02.19 at 7:52 pm

Retired at 58 with all liquids assets invested. Assets are 3.3 Mil…. Have a small pension that pays basically 12,000 a year and withdraw $5,000.00 per month. Portfolio is well diversified… Currently live off investment dividend income and continue to grow the portfolio every year. Trumps antics, portfolio dropped 100,000 for the month of May.
My question is being retired at 58 does your rule of 90 still apply to purchase a home if I felt the time was right to acquire such property.
I’m curious what the winter will bring for the housing market. I live in the greater Vancouver area… Not downtown, 30 to 40 minutes away.
I’m enjoying my retirement but, if the timing was right would love to own my own home too…

#48 Nonplused on 06.02.19 at 8:00 pm

“Trade wars are usually a prelude to shooting wars.”

That’s what’s got me worried. The US is currently targeting China, Russia, Venezuela, and Iran. Do they really think they can take them all on at once? Or are they expecting NATO to help?

Trump doesn’t come up with these things all by himself, he has a lot of influence from the swamp. And I don’t think for a minute this hasn’t been very well thought through by some very smart but also diabolical people. They see something coming that they view to be a fate worse than war. Even worse than WWIII. It is something that they would prefer nuclear Armageddon to. But what could it be? What would be worse than Armageddon?

To understand that question we need to understand the mind of the people in question. The French have a saying; “First me, then the deluge”. (The French are all psychopaths.) My interpretation of the phrase is that the French have brilliantly observed that man people put their own interests first even if the whole world will be destroyed by their actions. And we see plenty of examples of this. Everything from clear cutting forests to industrial pollution to Bernie Madoff. We simply do not care the disaster we leave behind. Even Dr. Seuss understood this and returned to the theme several times, most notably in “The Lorax” and other lesser known children’s books such as “The Butter Battle Book”.

So there are people out there who don’t care if the world burns so long as they get their way. As our good friend and comrade Vladimir Putin put it when discussing the prospects of war in Europe and his nuclear policy, “If there is to be no Russia, why should there be a world?”

So what is it that the think tanks in Washington see coming that causes them to think one war after another is the only way out? Well, I don’t know, but I think it is a loss of dominance and therefore a loss of control over the world’s resources. Most wars are fought over resources. And most of the countries the US has bombed have oil. I fear they have concluded there is a day coming when there won’t be enough oil to go around, and they intend to be in a position to take it when they need it. US energy security is more important to them than life on the planet. Viewed from this perspective it is more rational to try and subvert China’s economy through trades wars, as they are now the largest oil importer in the world and have a growing military that they could use to go and take the oil they need much as Japan did in WWII. Therefore, like a wasp nest, it should be controlled before it becomes too big of a problem.

#49 Ray on 06.02.19 at 8:01 pm

President Trump is a fourth density being incarnated onto this third density plane /planet to assist in the harvest. He is of the service to self from the Orion Group. Ninety percent of the world powers regime changes results in a war. The China/ America regime world power regime change will also. The service to others “Confederation of Planet” have being preparing for a large harvest, and they have said it will begin soon. “The Law of One” by Ra

#50 Sail Away on 06.02.19 at 8:03 pm

This is one of my favourite times of the year when the crows nest on the property. They are rude, loud, obnoxious bullies who push every other animal around and have our cat sneaking with an eye to the sky since he’s been smacked a few times. They ganged up on a squirrel today and our last view of the squirrel was running for its life with half its tail missing and four crows in hot pursuit. Naturally, I feed them as a good neighbour. They’re partial to dog food (and sardines, but only if you want sardines everywhere).

There’s probably an analogy between Trump and crows. I get a perverse pleasure watching both.

#51 Keen Reader on 06.02.19 at 8:10 pm

Easy to draw links betweencomment #35 and people voting for T2… Truly worrisome for the upcoming fall election!

#52 Gogo on 06.02.19 at 8:13 pm

Tumpo is the first president who has the balls to try to close the 625 billion deficit. If you think this can run forver…

#53 Dolce Vita on 06.02.19 at 8:27 pm

#30 Flop…

Americani. Any excuse for a paid vacation in Italia.

Very funny Flop and thanks for the heads up.

In Venezia it would be Cicchetti & an Aperol Spritz (or Prosecco and if so, make sure it comes from Valdobbiadene…it’s the v. best).

Like MANY Americani that come to Venezia, Forrest Gump will get drunk, steal a Gondola at San Marco, row out into the Lagoon, then realize they are rowing in circles and cannot get back to shore (why you need a Gondoliere).

Of course, we (La Guardia Costiera) will have to go out there and rescue their silly drunk dumb asses.

For those in the KNOW (or now you will know) you can watch drunk Americani hijack Gondola’s at San Marco from the comfort of Harry’s Bar, 2nd floor (one of the World’s Top Bars). A bartender told me this is not an isolated event, it happens at least 3 or 4 times a year.

The things we put up with in Summer with “I Turisti Americani” (just to boost our GDP). At least drunk “Canadesi” will row out into the Lagoon quietly and not make much of a fuss, yet, require rescuing as well.

Harry’s Bar invented the BELLINI. V. expensive bar but after 1 Bellini at Harry’s Bar, you will never drink that Day-Glo Slurpee Swill they call a “Bellini” in English Bay, Dorkville 416 or anywhere else in Canada for that matter.

FLOP, let me know when the Americano Forrest Gump arrives…so I can be somewhere else like Jesolo Beach, a hop and a skip from Venezia.

BELLINI TIP:

After drinking a Harry’s Bar Bellini you will want to take some home with you. They sell it pre-mixed in a 1 l. bottle at Venezia’s Marco Polo Airport (it’s not bad, still, better than the English Bay or Dorkville Slurpee Swill), looks like this:

http://www.bellinicanella.com/2016/03/17/concorso-bellini-canella-per-larte-2016/

#54 Capt. Serious on 06.02.19 at 8:51 pm

The most accurate phrase to describe Trump’s style begins “Breaking with diplomatic tradition…”
You signed up for a bumpy ride if you hold equities, nothing really new. Stay the course and things will work out fine.

#55 AK on 06.02.19 at 8:57 pm

#29 akashic record on 06.02.19 at 6:18 pm

“The answer is due, now that we know it wasn’t Putin who put him in the White House with fake Facebook ads.
Who, what, why was it then?
Garth and any other takers, all eyes are on you.
Who, what, why was it then? ”
====================================

Perhaps you should talk to some people in Texas, Michigan, Ohio and several other resource producing states that lived 8 years under Obama rule for your answers.

#56 Kelly on 06.02.19 at 9:00 pm

Something must be up what with two TDS columns in a row.

One might look at the reasons why the tariffs are being applied. There are solid reasons for all of them.

The world is waking up to the fact that the USA is lead by a leader who loves his country deeply and puts its ahead of the globalist agenda propagated by a small group of elites.

Mexico will cave as will China.

Unfortunately, POTUS is not likely to get much credit around here anytime soon.

#57 meslippery on 06.02.19 at 9:01 pm

The defence of him in the comments section Friday was a sad thing to read.
—————
Most likely less about him and more about MAGA. Good paying jobs with benefits. I known what I say I lived it here in Canada. Globalization stagnate wages.
What to do?? Vote for a return to middle class life as we knew it (MAGA) Want to sell it here make it here.
Well food stuff (weather You know)Otherwise make it here.
The idea that local helps the community seems the most reasonable.

#58 Ace Goodheart on 06.02.19 at 9:05 pm

We live in a “top down” system.

Sort of like an ant’s nest, or a bee hive.

One leader, and that person decides everything. Everyone else just follows.

This leads to interesting situations, such as that currently unfolding with “The Donald”. As the whole world tries to understand the wisdom and planning that goes into this man’s tweets and tariffs, no one can fully comprehend it.

It will turn out in the end, that he is a senile doddering old fool who was given some buttons to push, and pushed away. Because he is rich, The President, and powerful, this doesn’t matter. He could fart, and people would write about how deep and meaningful his fart was. It makes no difference. Top down systems are all the same.

This curious organizational structure gives us such wonders as the Canadian Recycling system. Millions of busy beaver Canadians, dilligently sorting and sifting through their garbage, putting recyclables in one bin and garbage in the other.

For years and years this went on. Every so often we’d be told that, oh joy and rapture, the powers that be had figured out how to recycle something else. All praises to our wonderful and all seeing government! And in it went to the recycle bin, everyone careful to not throw this or that out, because thanks to the greatness of our government, it could now be recycled.

Turns out, our government was simply loading all this “recyclable junk” onto empty container ships, heading back to China. Off it went, to recycling heaven, where great forces and powers unknown to any of us would magically save all of it and it would all be reused.

Or not.

Turns out what was happening, is Canadian recycling was being dumped on Chinese shores, where scavengers, paid by the ton, would sort through it, looking for anything they could sell.

When the piles had been scavenged bare of anything useful, the remains were just burned.

Every so often, the Canadian government would ask the Chinese if they could take something else to recycle, and the Chinese of course, eager to please, would say, sure, we can take that.

They’d just burn most of it anyway.

Top down power structures.

Why bees build hives, ants build nests, and people do really stupid things…..

#59 Dolce Vita on 06.02.19 at 9:07 pm

From yesterday:

#34 Evangeline on 06.02.19 at 6:30 am

Nice video. All true. He got the same reception in my home town of Pordenone (greatly scaled down, we are only 50 K souls in all). I met him then.

The so called “Far Right” Salvini gets that reception everywhere in Italia even in the South (that video was in Milano, is home town).

We are very happy with our Gov. and Salvini’s popularity keeps on increasing.

Very humble guy, in person, one-on-one. And, he has brains to burn unlike a certain PM I won’t talk about today (a dis free Trudeau Amnesty Day for me).

In Italia, he shows up, people come out to greet him, they ask questions, he answers and NONE OF IT IS SCRIPTED. As a Canadian, THAT was a surprise. And yes, I voted for him…I’m a Liberal and he is not “Far Right” like the Lunatic Progressive Left dominated Cdn. and US MSM like to call him.

Near impromptu, unscripted “Town Hall” meetings out on your local street corner.

Just show up (and go crazy like the Italian’s – so much energy in this pint sized country, it seems the ground beneath you is alive).

#60 Dolce Vita on 06.02.19 at 9:19 pm

Garth.

On the investing you’re the one that keeps telling us:

“Relax, don’t do it,
When you want to go to it.”

I find it hard to believe that many of Trump’s Deplorables are not investors.

Trump is running out of time before 2020. He knows it. China knows it.

Trump’s hoping for a “Hail Mary” before then with China.

Me too.

PS:

Good that Chrystia Freeland keeping Canada’s nose out of Trump vs. Mexico.

I like her orders of magnitude more than her boss. All she needs to do is lose the “Napoleon Complex” and get rid of those ridiculous Earth Mother Granola, Message in a Bottle, Tee-shirts of hers.

She looks great all dressed up and in a pair of heels…and, she’s actually thoughtful…unlike, you know who (again, today is my Dis Free Trudeau Amnesty Day).

#61 SoggyShorts on 06.02.19 at 9:25 pm

#29 akashic record on 06.02.19 at 6:18 pm

The answer is due, now that we know it wasn’t Putin who put him in the White House with fake Facebook ads.

*************************
Really? My understanding was that Russia absolutely meddled, but Mueller couldn’t tie it directly to Trump.

Even without that, he may have still won- he simply had a winning formula. Appeal to voters’ ugly side. Make outlandish claims. Impossible promises. Find scapegoats wherever you can.

His opponent was a poor choice as well for various reasons.

Even the independents helped him win by siphoning off enough blue votes which could have swung more than enough states for a different outcome.

#62 Grunt on 06.02.19 at 9:28 pm

Nixon fell on the sword for his faults. Todays great white hope wants to build walls between people and make the yellow crane fly away. With Nixon they had to subpoena tapes to find out what he’d been “tweeting.”

If you watch Nixon speeches on YouTube the buzz is detente & peace. Not shouting great again. And this was the malaise era.

#63 fishman on 06.02.19 at 9:29 pm

I see the Trumpster has a new hair cut for the Queen. You know what the Frenchmen say. “A new hairstyle;A new lover!”

#64 IHCTD9 on 06.02.19 at 9:51 pm

#48 Nonplused on 06.02.19 at 8:00 pm
“Trade wars are usually a prelude to shooting wars.”

That’s what’s got me worried. The US is currently targeting China, Russia, Venezuela, and Iran. Do they really think they can take them all on at once?
————

Provided you are talking about conventional warfare, yes they could, with ease. Especially if we’re talking about the projection of conventional power across oceans and continents. Only the US can bring it, which means the US is also the only one who can withdraw to safety. The others are never out of range of US conventional power, and their only option for reprisal is a nuclear salvo.

Look at Naval power alone, the US has multiple times the sea power of the rest of the world combined. China, Venezuela, and Iran have nothing, and would be squashed like a bug. Russia has air and land power, but can’t project, only defend. They’d be a tough customer, but winning for them at best, would be a US withdrawal.

If you are talking about a nuclear exchange, the US and Russia would give each other lumps, while China, Iran, and Venezuela would become glass parking lots. This is because only the US and Russia have any reliable ability to shoot down ICBM’s. No matter though, we’d all be 90% dead of starvation within a year if this happened just from the US/Russia exchanges.

#65 Mildew Manny on 06.02.19 at 9:53 pm

Blog dogs, if you had 30% cash right now, would you nibble down or just wait for the December Lows first and then reverse the moving van?

#66 NoName on 06.02.19 at 9:54 pm

Just press play.

No bad language this time. Just trailer for upcomingmovie. Ca s only. ;-)

https://youtu.be/zyYgDtY2AMY

#67 TurnerNation on 06.02.19 at 10:15 pm

We must fight the Patriarchy! And the Matriarchy!
Heck just don’t trust anybody under 30.
(Everything old is new again)

#68 Lion on 06.02.19 at 10:24 pm

I think globalization was a double edged sword… now the fallout begins…….

#69 Bucky on 06.02.19 at 10:28 pm

Gotta wonder, is fearless leader Trump setting the States up for a Suez Crisis moment? You never really know when an empire will end until it suddenly does.

#70 yorkville renter on 06.02.19 at 11:29 pm

TRUMP DERANGEMENT SYNDROME IS REAL!!!

No matter what he does, people still support the guy.
They’re crazy and have done zero research into who he is.

#71 Lead Paint on 06.02.19 at 11:52 pm

#58 Ace Goodheart on 06.02.19 at 9:05 pm

Loved it, best comment(ary) I’ve read in a long time. Please recycle from time to time.

#72 The China Hustle on 06.02.19 at 11:59 pm

Trump tight. Only one with ballz of steel to take on the real threat. 300+% debt of GDP is fake. China is looking to sink the world or go in debt trying.

#73 DON on 06.03.19 at 12:11 am

#48 Nonplused on 06.02.19 at 8:00 pm

Nicely reasoned…fear of losing dominance. Less we forget.

Hyper sonic missile arms race. Use of space for weapons and attack potential. All countries are buying new weapons, India/Pakistan also.

Canada is building two new offshore patrol ships for the Coast Guard.

#74 will on 06.03.19 at 12:13 am

smart guy asked me one time if I were an american whether I would have voted for hillary or trump.

I would have destroyed my ballot, but I would have regretted not voting for trump. what trump has done is that he has made it perfectly clear that the POTUS (whoever he or she is) is not in charge. If anyone was ever in any doubt about this, trump has disabused them of the illusion, and we can thank him for that – if nothing else.

MAGA? Watching campaign speeches, I think he was sincere. He just didn’t know what was going on. Well he knows now imho.

#75 DON on 06.03.19 at 12:27 am

In other news:

Canada Goose shares plunge following slower revenue growth … price ceiling?

As for Trump…his next moves will be interesting. He either backs down or escalates or uses it as another distraction to his benefit. The American public seem to be quietly sitting and watching (self interest?). He needs something to help get him re-elected and if that means insisting that Mexico up border enforcement so be it.

Will be interesting.

#76 Crazyfox on 06.03.19 at 1:37 am

Trump is a traitor. I don’t get why its so difficult for so many to understand. Why is it so hard for people to accept that Trump isn’t just corrupt, he’s working for Putin. Its not just the money, its the ideology. Its right wing capitalist fascism and Trump idolizes it. This, along with kleptocrat spoils, think about it, right down to his Russian wife.

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

One of the richest men in the world is Putin. Anyone think Putin earned his billions on a spy salary? Do people think Putin will just give it all back to the people in his last will and testament? We have likely witnessed in Putin, the most successful thief in the world. The problem is, not just thief but villain and Trump’s mentor and they are far from done with this world.

The best thing that happens is Trump just dies. The worst thing…

Trade war with China escalates to 25% tariffs on all Chinese imports ($600 billion give or take) driving the world into recession followed with 25% tariffs on Mexico and Canadian oil, in the backdrop of a war with Iran. The U.S, heads to recession and war and Russia expands their borders with Trump opting out of NATO and a belief that the U.S., in war and recession, will not defend Europe against Russian aggression. This could all play out over the next 1.5 years or longer depending on how 2020 elections play out.

Someone tell me I’m not the only one that sees what is behind so called crazy right now:

https://www.youtube.com/watch?v=N-bZ2kmr1yA

Putin is at the end.

#77 Smoking Man on 06.03.19 at 1:46 am

DELETED

#78 Jaques Pepin on 06.03.19 at 2:02 am

Great news, the fundamentals of the American economy are Rock solid, profits were Gonzo in the last quarter, thank you President Trump. Of course there are people whose one news source is selling gasoline for hair fires every minute. That’s just electioneering. Trump haters are attempting to sway voters against him and think if the howl long and loud over nothing that something will stick. Didn’t Climate Barbie just screech-spew the secret gambit? “Scream and repeat” she said. “Eventually people will believe the lies”.

Does any sane person actually believe anything the CBC or CNN or MSNBC says? Our public broadcaster has been renamed The Trump Show by the Toronto Sun. This is supposed to be an act of turning public opinion to bolster Trudeaus dismal polling. If you listen to that you’re truly an idiot. Why is Obama campaigning for Trudeau, gee , take a guess.

Trump is doing the right thing for us. China HAS been cheating. The trade deficit with China EU, Mexico etc must be addressed. If you don’t need a job then of course join Antifa.

I don’t care what the day to day numbers are , I know China will fold and a relief rally will reward buyers. China will burn if unemployment hits new highs. It’s not 1934. The Communist Party is spewing bluster and nonsense.

Dividends go higher when stick prices go lower. I don’t DRIP but this is a great example for those who do, everything is on sale, hell yeah, a generational opportunity to buy buy buy. Dividends keep coming in no matter what idiotic white papers ( what a joke right) come out of Beijing. Buy when there’s blood in the streets. Please China, spew more ridiculous nonsense for Trump Hate Media goons.

The lower the market goes, the happier I am. Go liquid? Is that an RBS call to “Sell Everything”. If. Do, let me remind you. “If you failed to learn from your mistakes then you’re going to repeat that behaviour”.

#79 Zap Strap on 06.03.19 at 5:30 am

DELETED

#80 old dinosuar on 06.03.19 at 6:06 am

Trump going after China is just common sense.

In the AI driven world Intellectual Property is key. In the past an IT company would make a part in China and ship it worldwide.

The Chinese partner that made the part would rebrand that part and sell it to no name and name manufacturers at huge discounts tot he original part that was made.

The Chinese compnay sold two different version of the same part.

My business for 30 years was based on arbitraging this business. I sold these white labels parts to manufacturers around the world…

Great gig for the Chinese company as they had no R&D – just profit.

So Trump going after China is sound logic as the IP of AI research will the most valuable commodity of the 21st Century.

The US willl give away IP any longer under Trump.
One can argue the merit of it. AI is world changing. Owning the patents and manufacturing is crucial.

People get so emotional over Trump and International business. He is protecting the USA folks.

You can slobber over the rest of it if you like
Its good business..

I’ll take Trump’s nationalism over Trdueau’s limp wristed society destroying socialism anyday.

#81 Gravy Train on 06.03.19 at 6:46 am

#41 Remembrancer on 06.02.19 at 7:06 pm
“Tariff is a direct tax on the domestic consumer, unless you believe that the extra costs to import are never sent down stream from the manufacturer?” Tax incidence depends on the price elasticities of supply and demand.
https://en.m.wikipedia.org/wiki/Tax_incidence
https://www.khanacademy.org/economics-finance-domain/microeconomics/elasticity-tutorial/price-elasticity-tutorial/a/elasticity-and-tax-incidence

The main point is that the tax—yes, Virginia, a tariff is a tax—is paid by American producers and consumers, not by Mexico or China. However, ‘The Donald’ has been telling the Deplorables that China and Mexico will be paying the tariffs. And they believe him! Their gullibility is laughable! :P

Cue ‘AB Boxster’ or ‘not 1st’ for the rebuttal! :)

#82 50 YEARS OF MAPLE LEAF INCOMPETENCE! on 06.03.19 at 7:17 am

A revealing moment of truth about Toronto last night at the Scotiabank Morgue.

The Rapt Whores, named by a city with no sense of its own identity after a mediocre American 1993 movie that pandered to bland cartoonish notions of dinosaurs (What on earth did that have to do with Trauma, Ontario?) lose badly to Golden State.

18-0 in the most important third quarter. Almost 7 minutes without a single point, when it mattered most.

A very painfully honest summary of that city.

#83 jess on 06.03.19 at 8:00 am

Now what could derail this?

How a Sex Offender’s Case Before the Supreme Court Could Bring Down the Administrative State

It has nothing to do with the crime and everything to do with presidential power.

By TODD TUCKER

June 02, 2019

argument over just how much power Capitol Hill can hand over to presidents. For adherents of the “nondelegation doctrine”—people who believe that any kind of law like this is an invitation to overreach by a bloated executive branch—Article 1, Section 1 of the Constitution vests Congress with “all legislative powers.” This power is unalienable, meaning Congress can’t decide to let courts or agencies make law. Nonetheless, the line is blurry between law-writing, law-enforcing and law-interpreting.
https://www.politico.com/magazine/story/2019/06/02/supreme-court-gundy-rapist-227038

gundy sex offender case
American Institute for International Steel v. U.S.,

#84 jess on 06.03.19 at 8:05 am

and the so called “family values” speaker and chief of staff …i guess the locker room talk defense didn’t cut it here or saying one was framed by liberals was the next lie. ….

meanwhile ….these representatives claimed “family values” Cothren allegedly sent racist text messages, attempted to frame a protester and also sent sexually explicit messages to interns….Casada had defended Cothren in interviews and dismissed his own participation in sexual and derogatory messages with Cothren as ‘locker room talk’
Tennessee House speaker RESIGNS amid explicit text message scandal where he joked about the legal age of consent, pole dancing and asked a former colleague if he was ‘a minute man’ after he bragged about ‘f**king in a restaurant bathroom’
The demands began earlier this month, when it was revealed that Casada had exchanged text messages containing sexually explicit language about women with his former chief of staff several years ago.

The text message exchange from August 2016 was obtained by NewsChannel5 shows House Speaker Casada joking with Cothren about whether a group of young women were above the age of consent.

Cade Cothren who was the press secretary for the Tennessee House Republican Caucus at the time sent Casada a video of two young women dancing in his apartment.

‘R they 21?’ Casada asked.

‘It only takes 18,’ the Cothren responded with a smile emoji.

‘Lol!!! And true!’ Casada replied.

The previous month, in July 2016, the pair were once again texting one another – this time about a picture of a woman pole dancing that Cothren had sent.

Casada responded, ‘Can I just touch?’

In August Cothren also texted Casada about having had sexual relations with a woman in the bathroom of the Nashville restaurant Party Fowl.

‘I knew it,’ Casada texted back, adding ‘u were only gone for 60 seconds?’

Cothren replied, ‘Yes, I take after you. Like father like son.’

‘Lololol!’ Casada wrote in return. ‘If I’m happy, then all is good!!!!! And I’m easily pleased.’
45-24 vote of no confidence by the Republican caucus in House Speaker Glen Casada.
Following a Republican caucus vote of no confidence May 20, Casada announced the next day that he would resign from his position as speaker amid a scandal involving misogynistic text messages exchanged with his former chief of staff Cade Cothren.

Cothren resigned earlier this month after also admitting to having used cocaine in the legislative office building and facing scrutiny for sending racist text messages.
https://www.tennessean.com/story/news/politics/2019/05/31/glen-casada-scandal-doug-himes-named-new-house-ethics-counsel/1303320001/

#85 jess on 06.03.19 at 8:14 am

winning …how?

https://www.apnews.com/8d45e526ada446b685fdb1cec9ef9b51

SAVE spent years making and studying public records requests related to elections in Shelby County, the state’s largest by population. Group members, led by attorney and former Memphis City Council member Carol Chumney, issued a report in 2017 detailing the county’s voting problems.

Issues with elections in Shelby County date back to 2012 and before, including problems with voter registration applications, ballot mistakes, complaints of vote tabulation errors, and allegations of manual editing of software files and election results, state and county government reports show.

The suit questions the security and reliability of the voting machines and its software, provides by vendor Election Systems & Software. Advocates claim the software is obsolete and presents a risk to the election system. The suit also questions the security of memory cards, computers, and modems used by the county.

Use of the AccuVote direct electronic voting machines “makes Tennessee’s elections unverifiable, unauditable, and vulnerable to undetectable manipulation,” the suit said. The AccuVote machines contains much of the same hardware found in an inexpensive, general-purpose desktop computer in use in the early 2000s, the lawsuit said.

#86 dharma bum on 06.03.19 at 8:17 am

#70 Yorkville Renter

TRUMP DERANGEMENT SYNDROME IS REAL!!!

No matter what he does, people still support the guy.
They’re crazy and have done zero research into who he is.
——————————————————————–

For those too lazy to do their own research, here are, in Trump’s own words, his well articulated plan for resolving the trade issues:

https://www.youtube.com/watch?v=RDrfE9I8_hs

#87 David McDonald on 06.03.19 at 8:26 am

Back in the 1980’s I thought NAFTA was an obvious winner in spite of warnings of loss of sovereignty by people like Michell Sharp. Now I am not so sure Canada made the right choice. We are now so integrated into the US economy that we can’t back out without great disruption. Trump has made our peril abundantly clear.

Maybe we can make some small steps back before it’s too late. The recent Asia-Pacific and EU trade agreements may help in the long run. I would also suggest something symbolic. Use taxation to encourage a Canadian division of the NHL or
force social media to acknowledge a Canadian presence and Canadian laws.

#88 Steven Rowlandson on 06.03.19 at 8:28 am

“Mexicans and Chinese do not pay American tariffs on their exports. Americans do. Mexico won’t pay for a border wall with a 5% levy. Trump has just imposed big taxes on his own people, and glossed it over as being punitive on other countries. The outcome will be lower revenues and higher costs for US corporations. Lower profits. Dropping stock prices. Less hiring.”

I read it as Trump creating an incentive for Americans to not buy a car or car parts made in Mexico and there by create a loss of jobs in Mexico and loss of revenue for the Mexican government and multinational corperations who have no loyalty to any nation state.
Multinationals stand where the profit is plus nothing.

#89 dharma bum on 06.03.19 at 8:50 am

#47 LiquidW

I’m curious what the winter will bring for the housing market. I live in the greater Vancouver area… Not downtown, 30 to 40 minutes away.
——————————————————————–

Get outta Dodge, bro.

If you buy a house, buy somewhere cheaper.

BC? Greater Vancouver? Geez. Get over it.
Go back there for a vacation once in a while, maybe.

Living there is just too expensive for no good reason.

Buy cheap somewhere else, keep the rest invested, live like a king.

#90 crowdedelevatorfartz on 06.03.19 at 8:51 am

@#56 Kelly
@#64 IHCTD9

The expectation that Trump will win a tariff or military war with China is a bit jingoistic.
The rhetoric between the US and China is ramping up much faster than anything seen before.
Trump`s juvenile baiting of the Chinese has worked with smaller trading partners but China is a whole different ball game.
And he is leaving them no options.
Their nationalist fervour is frightening and then you add in a compliant communist press that questions nothing and bleats the Party message.
Chinese culture demands that while you may negotiate a bad deal for China in private… you can never lose face in public.
This is becoming more and more difficult with Trump spewing his insulting vitriolic lunacy at the Chinese with the expectation that at the 11th hour he can reverse course and make a deal. He may be in for a rude surprise.
And now his staff are doing the same publicly.

As Garth has pointed out the tariffs are ultimately paid by US Taxpayers.

As for the US military supremacy.
Fine.
It takes 7 years to build an aircraft carrier in the US.
China is building 3 in less than 2 years.
It takes one missile to sink an aircraft carrier in a matter of minutes.
China has a lot more missiles than the US has carriers.
The South China Sea is ramping up with China`s insistence that it is theirs.
A violation of all International maritime laws and treatys.
The Chinese construction of a man made island in the South China Sea and then their claim of sovereignty, while laughable, is a new turning point in a dangerous escalation of military power.
They can afford to lose millions of soldiers, thousands of planes, hundreds of ships.
China is the only supplier of rare earth metals necessary for some military hardware. The US and other nations are quietly stock piling them.

If Chinas economy stumbles, unemployment rages, and they lose billions…
The people will either rip the country apart OR follow their leaders into a Trumped up war against the west.

The only way western nations might defeat China in a long drawn out conventional non nuclear war is food.
We have it and they dont.
The current African Swine Flu epidemic ( with a 90% mortality rate)racing through China`s swine population
( 450 million pigs,the largest population of pigs on the planet) is dramatically reducing their ability to feed their people their favorite meat.
Expect higher pork prices….. world wide.
But , worry not for China`s people.
They are anything if not resilient.
The last time the entire population of China was starving in the 1960`s after Mao`s failed collectivization program… if the rumours are true….the people in the countryside reverted to their only means of survival….murder, theft and cannibalism….on a mass scale…

#91 Remembrancer on 06.03.19 at 8:57 am

#78 Jaques Pepin on 06.03.19 at 2:02 am
Trump is doing the right thing for us. China HAS been cheating. The trade deficit with China EU, Mexico etc must be addressed. If you don’t need a job then of course join Antifa.
——————-
Pepe, so you are boycotting Made in China, EU & Mexico goods and only supporting locally manufactured? And when you do buy Made in China, EU, Mexico goods, you are happy to pay extra to your government for the trade war effort?

And… you are willing to pay on an ongoing basis the local costs for everything you consume or do without if not locally produced?

And… you are willing to give up the local jobs that revolve around foreign trade – logistics, sales, local subsidiaries, export of raw materials for global economy, locally improved goods etc etc etc

Asking for a friend…

#92 Tater on 06.03.19 at 9:06 am

#57 meslippery on 06.02.19 at 9:01 pm
The defence of him in the comments section Friday was a sad thing to read.
—————
Most likely less about him and more about MAGA. Good paying jobs with benefits. I known what I say I lived it here in Canada. Globalization stagnate wages.
What to do?? Vote for a return to middle class life as we knew it (MAGA) Want to sell it here make it here.
Well food stuff (weather You know)Otherwise make it here.
The idea that local helps the community seems the most reasonable.
—————————————————————-

You could always just buy Canadian products.

#93 Headhunter on 06.03.19 at 9:15 am

Basically democracy is dead. It was never alive in the 1st place. Guy wins an election but its not good enough. Mob rule is what it is. I say one party system like China and lets stop pretending.

USA military might is just smoke and mirrors. China and India have all the same Tech. India better pilots blah blah blah USA only picks on weaker nations. S-400 anti missile system by Russia. Look it up. Makes the entire Naval fleet obsolete.. as in “dead in the water”

#94 not 1st on 06.03.19 at 9:16 am

#81 Gravy Train on 06.03.19 at 6:46 am
—-

Go sit in any econ 101 class and the first thing they will do is draw out the supply and demand curves then they will show the distorting effects that taxes, subsidies and tariffs have on the curves.

The tarrifs are primarily meant for American companies who domicile in the US for tax and trading purposes but manufacture outside the country. Trump isn’t going after avocados. He is going after Ford and GM sitting across the border. Same thing with Apple in china. He wants American companies back on American soil because there is no market for them abroad.

So now put yourselves in those companies shoes. Mexicans are too poor to afford your products, Chinese have blocked you out of their market and a president is giving you a stick and a carrot (tax breaks) to get back home cause that’s the only market you have anyway. You don’t think China and Mexico wont feel it if those companies repatriate home? Of course they will.

If tarrifs don’t work, why didn’t Canada cry like a baby when he slapped them on steel and aluminum to stop our dumping of Chinese steel into the US. Brought Canada to heel pretty quick. Huawei ban was part of the deal I suspect.

#95 Yuus bin Haad on 06.03.19 at 9:20 am

Ah, a market pull-back – the perfect time to re-balance (and not by selling) – so, fire up those worksheet macros and put some of that extra cash to work (you do have extra cash, don’t you kids?)

#96 not 1st on 06.03.19 at 9:26 am

#90 crowdedelevatorfartz on 06.03.19 at 8:51 am

The attributes of a super power are being able to project that power away from your own shores. Neither Russia nor china can do that. US can sit those carriers out of missile range, send its subs in close and china would be back to the stone age in a day. US isn’t going to go hand to hand with them using bayonets. Its first carrier was a casino. The rest cant get out of port and just float around. They don’t even try to launch and land planes on them. They are at least 30yrs behind the americans.

#97 Captain Uppa on 06.03.19 at 9:31 am

>>#28 AK on 06.02.19 at 6:18 pm
“Now what could derail this? Trump, of course.”
===================================

If the U.S. is such a bad place, why are so many people trying to get in illegally.?

It’s better than what they flee. Try not to be a moron. – Garth?>>

My comment is not a defense of Trump in any way, but rather an observation about mass migration.

Why is it that the countries where it’s so bad are not held accountable at all? People are fleeing on rafts across the sea and risking death to leave these areas. It seems that part of the equation is always glossed over and the focus is on receiving countries to not be jerks and open up the borders.

My contention has always been that the real reasons certain positioned politicians favor immigration is not out of the goodness of their hearts, but to capitalize on cheap labour entering their rapidly depleting work forces due to low birth rates (think Europe).

To be clear, I am for immigration … but at some point these base countries need to be taken to task.

Well, of course. Let’s cut off aid and make them more desperate. That should work. – Garth

#98 Captain Uppa on 06.03.19 at 9:49 am

>>Well, of course. Let’s cut off aid and make them more desperate. That should work. – Garth>>

I think you misinterpreted my point or perhaps I was not clear; I am not in favour of cutting off aid or invoking debilitating punitive pressures. What I am in favour of is getting these countries to a place where people do not want to leave anymore.

Much smarter men and women than me will hopefully figure out how to do that.

A noble goal. But the ‘nationalists’ and xenophobes are now busy saying “me first!” and reducing aid. The problem will only worsen. – Garth

#99 Marcus on 06.03.19 at 10:04 am

Do you smell that? Smells like fear. That pungent odor that permeates the air when Globalists start sweating even when the air is cold. Trump is killing it! The more you squirm …… the more the Nationalists will twist the knife. Keep squirming!

#100 Captain Uppa on 06.03.19 at 10:25 am

>>A noble goal. But the ‘nationalists’ and xenophobes are now busy saying “me first!” and reducing aid. The problem will only worsen. – Garth>>

Indeed, though I hope you’re grossly wrong. I bet you do as well.

#101 Jager on 06.03.19 at 10:45 am

Anthropogenic Global Warming…err’ Anthropogenic Climate Change. May the farce be with you, A.O.C. and little potato!

Remember: We partake in a dynamic, often unfriendly universe…climate change aside.

(LondonReal – Warning: Strong Language)
https://youtu.be/BA1ia70-oj8

P.S. If the agenda driven talking heads were so alarmed why did the Paris Accord permit countries like China and India to increase their carbon footprint on the world? Does global finance trump planetary health said to be in dire emergency?

Why was China (Paris Accord signatory) just caught dumping 7000 tons (probably much more) of R-11, an old (production banned) refrigerant into the atmosphere?

#102 crowdedelevatorfartz on 06.03.19 at 10:48 am

@#96 Not 1st
“They are at least 30yrs behind the americans….”

++++++

Keep telling yourself that .

Carriers are rendered obsolete after the first hyper glide missile sinks one.
Then what do you do, send more carrier groups into battle to die?
The age of the Carrier is over.

Long live the drones.

https://www.rand.org/paf/projects/us-china-scorecard.html

#103 MF on 06.03.19 at 10:58 am

93 Headhunter on 06.03.19

Most uneducated comment of the day. Look up US military hardware. Seriously. Do it.

Then look at your last comment and see how incorrect it is.

The US could take on the entire world…and win.

MF

#104 IHCTD9 on 06.03.19 at 11:59 am

#90 crowdedelevatorfartz on 06.03.19 at 8:51 am
___

You can calm your fears, China has nothing that can harm the USA except nukes, and it’s still debatable if they’d even be able to land one in the continental US.

China is building reverse engineered Soviet era, diesel powered ACC’s, and just got a 5th gen fighter design together (nowhere near the plane the F-35A is). China has a decent light Navy, and pile of cannon fodder (ie poorly trained soldiers), and that’s it. They are obviously concentrating on their local area as their long range projection of power is non-existent.

It takes decades to design, built, test, and commission something like a Nimitz class nuclear powered carrier. You and I will not live to see China commission one because it will take that long to build one as good as the US ones. Building anything less is a waste of time. China will not be able to steal one to reverse engineer. They are going to have to figure it out on their own. China has done very little of that right across the spectrum.

When it comes to naval power since oil was discovered – China has never had anything – they are at square one on every front, and they will need to do their own R+D to catch up with the USA (which they will never do IMHO – the USA is just too far ahead everywhere, and it takes TRILLIONS and DECADES to get there).

#105 US Military on 06.03.19 at 12:18 pm

#103 MF – thanks for enlightening us, and don’t forget to detail how this will be done.

#106 NoName on 06.03.19 at 12:24 pm

Hey ponzi proclaimer

Here it your buddy is finally taking on f150, with his truck, he sad his truck will be better and cheaper than best selling truck. New tesla truck will tow whopping 300,000 lbs towing (probability typo, maybe 30k lbs is more realistic).

https://electrek.co/2019/06/02/tesla-pickup-truck-price-f150-elon-musk/

And on a side note did you buy those Mars tickets yet, i’am thinking we are doomed here on this planet…

#107 Slim on 06.03.19 at 12:34 pm

Does Trump actually have a plan? Is there a method to his madness? No, I don’t think so. He’s not that smart.

#108 Nosfera Two on 06.03.19 at 12:38 pm

5% cash is fine. Just ensure enough assets are liquid, which rules out MICs, GICs and bungalows. – Garth

Sorry not following Garth here. Even if I’m ‘liquid’ in ETFs/equities, I’m not gonna sell at rock bottom anyway so it does me no good. I read his direction to stay liquid to mean, stay in cash. Lets say i’m ‘liquid’ in ETFs. What advantage does that buy me? Anyone?

#109 meslippery on 06.03.19 at 12:46 pm

#92 Tater on 06.03.19 at 9:06 am You could always just buy Canadian products.
—————-
Made in Canada 4 left in 2003 any now?

In 1964, he said, 37 Canadian companies manufactured washing machines, stoves and refrigerators.
https://www.theglobeandmail.com/report-on-business/appliance-makers-in-canada-a-dying-breed/article1012278/

#110 tccontrarian on 06.03.19 at 12:55 pm

“This is the biggest economic threat of 2019. One man.”

The Market is wayyy bigger than any one man, even if this one man is El Presidente. No-one complained during 2016-18 while the market was rising; in fact, he was praised for ‘fuelling’ it due to his pro-business policies.

***
“The defence of him in the comments section Friday was a sad thing to read. Donald Trump certainly gets full marks for having duped millions.”

Surprise, surprise! Isn’t this what (most) politicians generally do? You’ve said it yourself: it’s all about the math (ie. get the votes to win)

TCC

#111 IHCTD9 on 06.03.19 at 12:55 pm

#97 Captain Uppa on 06.03.19 at 9:31 am

My contention has always been that the real reasons certain positioned politicians favor immigration is not out of the goodness of their hearts, but to capitalize on cheap labour entering their rapidly depleting work forces due to low birth rates (think Europe).
_____

Immigration is clearly based on two things:

1. Humanitarian efforts for refugees fleeing sh!thole countries where there is conflict just about all of the time.

2. Economic immigrants to support the economy due to (as you noted) fertility issues in the host country. This basically boils down to importing taxpayers to keep the expensive system we have afloat.

The big one by far is economic immigration.

We will be increasingly reliant upon it going forward. Our Fertility Rate has not increased via immigration in Canada as the newcomers become like us when they get here, and have 0-2 kids. In fact, the FR has just kept right on dropping. So economic immigration is essentially the only way we are able to grow our population.

FWIW, cheap immigrant labour costs the same as cheap domestic labour (minimum wage). The real issue is young born Canadians are not lining up to work at Walmart these days – compare that with an Indian guy fresh off the boat who would treat this same job like winning the lotto, work like mad, never late, never complain, – for a while anyway.

It’s going to carry on for a long time yet – I’ve talked to a couple born Indians who have told me in no uncertain terms to just forget about that country ever getting fixed. China will likely try to stem the tide of their people leaving though, as they are headed in the same direction demographically as we are.

Frankly, IMHO you and I won’t live to see anything different on the immigration front in Canada in our lifetimes.

#112 jess on 06.03.19 at 1:20 pm

$146 Million Default by Nursing Home Chain Leaves U.S. on the Hook

The failure of the Rosewood Care Centers is the biggest

…”The owners stopped making mortgage payments on their crown jewel, the Rosewood Care Centers, barely a year after buying it in 2013. Paperwork about the chain’s finances was never filed with the government. Some money meant for the 13 nursing homes and assisted-living facilities went to prop up another investment.
default in the history of a little-known program that underpins 15 percent of the nation’s nursing homes.
The Rosewood Care Center in Inverness, Ill., was backed by a program run by the Department of Housing and Urban Development that insures loans to more than 2,300 nursing homes across the country. CreditDanielle Scruggs for The New York Times

rural
https://www.nytimes.com/2019/03/04/us/rural-nursing-homes-closure.html?module=inline
============
May 20, 2019
Business Debt and Our Dynamic Financial System

Chair Jerome H. Powell
https://www.federalreserve.gov/newsevents/speech/powell20190520a.htm
https://www.washingtonpost.com/business/economy/the-shadow-banks-are-back-with-another-big-bad-credit-bubble/2019/05/31/a05184de-817a-11e9-95a9-e2c830afe24f_story.html?utm_term=.d7d8ad95de1a

but his third remark in the conclusion of speech says:

“Third, we cannot be satisfied with our current level of knowledge about these markets, particularly the vulnerability of financial institutions to potential losses and the possible strains on market liquidity and prices should investors exit investment vehicles holding leveraged loans. We are committed to better understanding the areas where our information is incomplete. This commitment includes coordination with other domestic and international agencies to understand who is participating in business lending and how their behavior could potentially amplify stress events.

=====

US wants access to NHS in post-Brexit deal, says Trump ally

Before president’s visit, Woody Johnson says every area of UK economy up for discussion

#113 jess on 06.03.19 at 1:25 pm

“We had to get rid of the night shelters and short-term hostels we still had back then. They had a very long history in Finland, and everyone could see they were not getting people out of homelessness. We decided to reverse the assumptions.”

As in many countries, homelessness in Finland had long been tackled using a staircase model: you were supposed to move through different stages of temporary accommodation as you got your life back on track, with an apartment as the ultimate reward.

https://www.theguardian.com/cities/2019/jun/03/its-a-miracle-helsinkis-radical-solution-to-homelessness

#114 crowdedelevatorfartz on 06.03.19 at 1:41 pm

@#104 IHCTD9
“IMHO – the USA is just too far ahead everywhere, and it takes TRILLIONS and DECADES to get there).”
+++++

Perhaps, but I’m thinking in todays high tech world…. Carriers are obsolete.
Just as battleships became obsolete in the last world war.
Drone wars and IT.

Get your kids to learn Mandarin and you should learn a few phrases such as “I surrender” and “Yes sir”…. or learn to live in a bunker

#115 MF on 06.03.19 at 1:47 pm

105 US Military on 06.03.19 at 12:18 pm

Sure.

Combination of blockading oil sources from reaching any main foes through use of the mighty US navy (strongest in the world by far), having natural barriers to the homeland in the form of oceans and weak neighbours, being self reliant on its own resources (oil foodstuffs produced at home).

The navy and Air Force would do most work, then it would come down to a war of attrition, and the US can hold out longer.

This is non nuclear war of course. If nukes are used, none of it matters any more anyways.

MF

#116 IHCTD9 on 06.03.19 at 1:48 pm

#102 crowdedelevatorfartz on 06.03.19 at 10:48 am
@#96 Not 1st
“They are at least 30yrs behind the americans….”

++++++

Keep telling yourself that .

Carriers are rendered obsolete after the first hyper glide missile sinks one.
Then what do you do, send more carrier groups into battle to die?
The age of the Carrier is over.
____

Fartz, if you got some spare time, read up on US Naval Power. This is where the US is MOST ahead of everyone.

All carriers the world over are barely sea worthy save for the UK, Japan, and a few other countries. Russia has one, ONE old rusty carrier. It does not leave port without a tug (to tow it back if needed). India’s carrier fleet (2) was built during WW2. Nimitz class carriers are DOUBLE the weight of the next closest one – and the US has TEN of these.

There are several good reasons why the USA is the only Naval Power that exists anymore: It takes decades, it takes technology, it takes experience, it costs Trillions, and a carrier out there by itself is a very bad idea.

The USA has the hardware to run Carrier battle groups and strike groups. Read up on these, they’re not just a “bunch of ships” floating around. A full dress US CBG comprises more firepower than most countries on the planet could muster. I’ll not go into details, but no Nation on Earth is just going to point a missile at a US CBG and sink a carrier – not in a million years! Pretty much impossible – and God help the folks at the location where the missile was launched.

Now, Hypersonic missiles are new to everyone, and do pose a threat (not just to the US). My money is on the US to be the first to be able to defend against them, sending everyone else back to the drawing board to try and do the same thing. Sure would not be the first time.

The age of the carrier might seem over to some, and I’d guess the US NAVY is hoping others will think likewise. The fact is, the second the US comes up with an effective defense against hypersonic missiles (and it will), then their carrier fleet is just as opposing, at your doorstep, and unobtainable as it ever was.

#117 Headhunter on 06.03.19 at 1:53 pm

MF

Dont have a stroke. You programming is complete as you bought the BS hook line and sinker. USA hardware is full of foreign made computer chips from India China.. all complete w back doors.

Russian tech disabled the Donald Cook dude and could have sunk it.. they can jam the aegis system.. “dead in the water” but for arguments sake you’re right jr

https://www.lewrockwell.com/2014/11/gary-north/russian-plane-disabled-us-warships-missile-defense-system/
https://www.voltairenet.org/article185860.html

google it lots of vids and articles for your review.

#118 Guelph renter on 06.03.19 at 2:15 pm

I ask my crystal ball, what if world get’s pissed off with Mr. Trump, the crystal ball replied:

New free trade zone: China, India, Russia, Mexico, Iran
Oil starts trading in Yuan.
China sells all it’s USD.
A new world order is born. End of the US empire.

#119 James on 06.03.19 at 2:17 pm

Here is how the average American thinks about Trump. (Point is they don’t) They don’t read anything in detail to probe out the truth and in general they just swallow the pill whole without asking what it does for them. Point in hand I was in Chicago in April for a weekend meeting and afterwards we all decided to go to a sports bar where the Americans under 18 men’s hockey was broadcast on a big screen TV. They were facing Canada in the bronze. Team USA won and the entire crowd started chanting USA,USA,USA. I asked one of the American guys beside me what why are you yelling USA,USA,USA and he quite simply said “because everyone else was”. So I said what happened on the TV. His reply was “I don’t know”. That my friends is typical of the average Joe in the USA. They don’t know anything about Trump but they are pegging their life on his success at their expense. Most Americans cannot fathom the idea that a tariff is paid by the American public, not the country that the tariff is put on. If you put them in a concrete life jacket and Trump told them to jump in water they would do it without blinking an eye.

#120 IHCTD9 on 06.03.19 at 2:32 pm

#114 crowdedelevatorfartz on 06.03.19 at 1:41 pm
@#104 IHCTD9
“IMHO – the USA is just too far ahead everywhere, and it takes TRILLIONS and DECADES to get there).”
+++++

Perhaps, but I’m thinking in todays high tech world…. Carriers are obsolete.
Just as battleships became obsolete in the last world war.
Drone wars and IT.

Get your kids to learn Mandarin and you should learn a few phrases such as “I surrender” and “Yes sir”…. or learn to live in a bunker
___

It’s just the same old regular seesaw of military development. The carrier age was over when submarine launched anti-ship missiles where developed too – until they built the phalanx. On it goes.

China will not be running away from the US with some new technology, and therefore will never have an answer to a US CBG sitting in their territorial waters, probably ever. Unless nuke of course.

Do you know China has a retaliate only policy when it comes to nukes? They will not launch first. They don’t have the infrastructure, or all three prongs of the nuclear triad to make a proper threat. They will some day, but for now they do not.

If you want to worry about something, worry about the end of the level nuclear playing field that currently exists.

It won’t be too long before Space based/laser firing anti missile systems will be operating. Then it won’t matter what kind of missile, how fast it goes, or if it can change its trajectory. They’ll have to take out that network (with a missile lol) before they can use any long range missile at all.

IMHO, conventional warfare peaks out when high energy orbital light speed weapons exist. Who ever gets them first (probably the USA), will be able to defend against anything with deadly repeatability and accuracy.

Right now, nukes serve as a global deterrent due to “mutually assured destruction”. What happens someone gets the upper hand with orbital energy weapons?

#121 not 1st on 06.03.19 at 2:37 pm

crowded, the US has high energy weapons that can take out a hypersonic cruise or ballistic missile. The have cruise missals carrying EMP charges which can be carried deep into enemy territory on stealth bombers then it can sail silently over any major city and take down the grid before a shot is even fired. Who knows what they have in space. If the age of the carrier is over they wouldn’t stop building them. They have 10 supercarriers in the works.

And you even notice its the US AF going toe to toe with these UFOs now. US tech has gotten so good they can track aliens now and chase them out of US airspace. And the Chinese think they can compete with this?

#122 burnaby guy on 06.03.19 at 2:45 pm

I want the U.S. to win too if it comes to war with China. For all those people that think U.S. would win FOR SURE please read this report. Even U.S. is not too sure themselves. Let alone China + Russia. Don’t be uniformed and post B.S.

https://www.reuters.com/investigates/special-report/china-army-navy/

#123 PastThePeak on 06.03.19 at 3:13 pm

#114 crowdedelevatorfartz on 06.03.19 at 1:41 pm
@#104 IHCTD9
“IMHO – the USA is just too far ahead everywhere, and it takes TRILLIONS and DECADES to get there).”
_____________

Get your kids to learn Mandarin and you should learn a few phrases such as “I surrender” and “Yes sir”…. or learn to live in a bunker
+++++++++++++++++++++++++++++++++

Learning Mandarin to help one in an international business career would be a good idea. But necessary to appease our new overlords…not so much.

I get a chuckle out of those that think China is going to easily take over the world in a few years. The growth over the last 40 years has been amazing (as far as the official stats China’s gov’t wishes to release), but nothing goes on forever.

China has an incredibly large population, but they also have one of the most rapidly aging populations. A couple generations of one-child policy has resulted in that, as well as a large imbalance in the genders (10s of millions more males than females (that have future babies)). Is China going to rely on immigration to grow their population? Dream on.

China’s workforce is already shrinking (has for a number of years). The total population is expected to start declining in less than 8 years. This doesn’t lead to exceptional economic growth in the future. In 20 years China is going to be looking like a partially decrepit aging giant.

https://www.nytimes.com/interactive/2019/01/17/world/asia/china-population-crisis.html

#124 Crazyfox on 06.03.19 at 3:25 pm

#80 old dinosuar on 06.03.19 at 6:06 am

Conflating Trump trade wars as effective against patent infringement is piss poor logic as it won’t work. China will always infringe upon intellectual property no matter what happens. They manufacture half or over half of the world’s manufactured market share as it is. To think that China could be held to account through trade wars to be blunt, is dumb not to mention that the false belief of trade wars as a retaliation against intellectual property theft totally misses the motive of why a trade war with China exists.

Why is Trump talking trade wars with Mexico after the Republicans worked out a new north American free trade agreement? More intellectual property infringement? Is anyone dumb enough to think its really about illegal entry and borders? (right, bigot Trump supporters) Why put tariffs on base metals? The result is inflation with higher rates to follow and in the case of China, the roll out of tech needed in the 21st century, not just AI but EV’s, AV’s, cloud tech, Solid state battery and storage tech, and green tech with solar panels, inverters etc., this crucial rollout of tech slows down.

Why is this significant? More gas burning cars on the road means more polluted air to breath in the cities shortening life spans and increasing health care costs and sick days, accelerated climate change and some 12% of employed people continuing on in dead end jobs driving trucks, cars, you name it. The economy of the future is a driverless one and we can thank Trump directly for slowing down the rollout of all this life changing tech.

Some will say “Oh, 12% soon to be unemployed, we can’t take this kind of shock to the economy, how can we employ so many basic unskilled workers?” By decarbonizing energy, that’s how whether its through grid or off grid green energy production (I favor the use of both). We have one more run at employing basic or low skilled workers en masse and robots aren’t going to decarbonize this world for us. What happens if we don’t get drivers off the road…. the US loses its efficiency in getting product from A to B and that hurts trade, no two ways about it. Ask yourself why China is pushing EV’s so hard knowing driving jobs will phase out, its because its all about efficiency, lower energy cost, lower pollution, trade efficiency and it all translates into more $$$ but mainly more power, more market share.

What is Trumps vision for the world? We’ve seen it. More pollution. More oil burning. Accelerated climate change. Tariffs that will lead to inflation, higher interest rates, a possible world recession if 25% is applied on all Chinese imports taking the US with it and aside from accelerated climate change and shorter life spans of those living in the cities… heck, everywhere, we will see war (say for example Iran) used as a distraction away from all these issues, including the issues of a fraudulent president running another election that may not be free or fair in 2020 and the worst possible outcome, Russian aggression towards the Baltic states or a European war with Trump bowing out of NATO in the backdrop of a US recession, possibly a world recession and another middle east resource war for few to profit from the many… recessions and wars Trump himself created for this very purpose.

In the long run, the damage done by the slowing down of the rollout of needed tech is the end of the US empire. Economic dominance is not the old conventional energy paradigm but the new one. We see it now today… our choices made clear. Support the power structure of the oil producing nations of the world (Russia, Saudis, U.S.) and all the war and destruction it brings or make way for a new power structure that the U.S. can still dominate globally, none of which can happen under Trump.

#125 IHCTD9 on 06.03.19 at 3:26 pm

#122 burnaby guy on 06.03.19 at 2:45 pm
I want the U.S. to win too if it comes to war with China. For all those people that think U.S. would win FOR SURE please read this report. Even U.S. is not too sure themselves. Let alone China + Russia. Don’t be uniformed and post B.S.

https://www.reuters.com/investigates/special-report/china-army-navy/
___

That article does not lie, but folks with feeble comprehension skills will be lead astray (like yourself).

I’ll give you a hand:

Does China rule the waves in it’s territorial waters?

Yes.

Does China have one of the most powerful Navies in the world?

Yes.

Does the PLA Navy have the worlds biggest fleet?

Yes.

The Chinese Navy must be really powerful.

Yes.

So the Chinese Navy could possibly defeat the US NAVY?

Not a snowflake’s chance in hell would that ever happen. A joke beyond all jokes. That’s like sending a bunch of guys with swords on horses to attack an armoured division of M1 Abrams.

Now, I leave you to figure out why that is – it should take you approximately 30 seconds to 1 minute. Actually, I already gave you the answer.

#126 Billy Wong on 06.03.19 at 4:19 pm

#76 Crazyfox on 06.03.19 at 1:37 am

You realize his wife is Slovenian and NOT Russian right?

#127 Ubul on 06.03.19 at 4:27 pm

#97 Captain Uppa on 06.03.19 at 9:31 am

Well, of course. Let’s cut off aid and make them more desperate. That should work. – Garth

This does not work, either.

Syria, Libya generated way more desperate refugees, dead people since out of the country help was forced upon them, than under their despotic leaders.

No parties who actually profit from these wars foot the bills for all the carnage they create. The fact, that someone else keeps taking care of the consequences of their horrible crimes, clearly does not give any incentive and deterrent – just the opposite. We are making more and more dead and desperate people, not less, although we never “rescued” more than now.

There are billions of absolute desperate people in the world by our standards. We, the lucky ones are the minority. We are cherry-picking to rescue some, using them as pawns, to serve political agendas, just like when they were picked as collateral damage of some higher political, economic, strategic purpose.

#128 oh bouy on 06.03.19 at 4:50 pm

@#93 Headhunter on 06.03.19 at 9:15 am
Basically democracy is dead. It was never alive in the 1st place. Guy wins an election but its not good enough. Mob rule is what it is. I say one party system like China and lets stop pretending.

USA military might is just smoke and mirrors. China and India have all the same Tech. India better pilots blah blah blah USA only picks on weaker nations. S-400 anti missile system by Russia. Look it up. Makes the entire Naval fleet obsolete.. as in “dead in the water”
_________________

LOL. the murikans could wipe out all their enemies at the same time without any help. They live and breath warfare and are the best at it. no contest.

#129 right on 06.03.19 at 4:52 pm

@#122 burnaby guy on 06.03.19 at 2:45 pm
I want the U.S. to win too if it comes to war with China. For all those people that think U.S. would win FOR SURE please read this report. Even U.S. is not too sure themselves. Let alone China + Russia. Don’t be uniformed and post B.S.
____________________

maybe take your own advice

#130 oh bouy on 06.03.19 at 4:54 pm

@#121 not 1st on 06.03.19 at 2:37 pm
crowded, the US has high energy weapons that can take out a hypersonic cruise or ballistic missile. The have cruise missals carrying EMP charges which can be carried deep into enemy territory on stealth bombers then it can sail silently over any major city and take down the grid before a shot is even fired. Who knows what they have in space. If the age of the carrier is over they wouldn’t stop building them. They have 10 supercarriers in the works.

And you even notice its the US AF going toe to toe with these UFOs now. US tech has gotten so good they can track aliens now and chase them out of US airspace. And the Chinese think they can compete with this?
________________________

there are no UFO’s of the alien kind.
Thats just the NEW US tech.

#131 crazyfox on 06.03.19 at 9:22 pm

#126 Billy Wong on 06.03.19 at 4:19 pm

Ask a Russian that question.