The hanger-on

First today a question from blog dog Bob. “My brother has a First World problem,” he says. Indeed he does.

“During the nasty recession in 81 he left Canuckistan for a job in the USA.  He had a job with an engineering firm in Vancouver and when they downsized they sent him to their SanFran Office.  He was pretty young at the time but had managed to sock about $25K into an RRSP.  Well, here we are almost 40 years later and that little chunk of money has grown to over $300K. (That’s about a 12 fold increase whereas the $200K house he sold at the time would probably only have increase by about 6 to 8 times as much).

“The tax implications are serious though.  In a few years he’s got to start winding his RRSP down and paying tax on it at a high marginal rate.  He’s a Washington resident now and so doesn’t pay state income tax, but he will have to pay federal tax and Canadian taxes. Is there an optimal way to minimize income tax?  How quickly does he have to convert the RRSP to something else after age 70? Or should he just bite the bullet, pay the price, and be happy that compounding has weathered inflation.  I’d be interested to hear your perspective on the best way to dismantle an RRSP.”

Okay, so bro has enjoyed $275,000 in growth sitting in a Canadian tax shelter without contributing anything to the country’s finances, and wants the money paid out sans tax? Does he not realize this is a glorious socialist state now and we expect all comrades to pony up their share? Outrageous.

Well, here’s the scoop. RRSPs can stay in place until the last day of the year in which you turn 71. Then a choice – cash the plan in and pay tax (ouch) or convert to a RRIF and take an income trickle. That’s a ‘registered retirement income fund’ and the government mandates that you withdraw a little over 5% of the plan in the first year, with an upwards sliding scale thereafter. By age 98 the RRIF is usually kaput, and along the way the withdrawals are added to taxable income – but all funds in the plan continue to grow tax-free.

A RRIF can be set up at a younger age, if you want, with a lower withdrawal minimum (about 2.5% at age 55, for example). But remember that once a RRSP morphs into a RRIF no more contributions are allowed. This won’t stop you from contributing to your spouse’s plan, however, so always marry a young thing.

Taxes? Suck it up and pay. For Canadians RRIF withdrawals are added to all other income, which determines the tax rate. For Americans and other infidels there’s a 25% withholding tax on lump-sum withdrawals (of RRSPs or RRIFs) and 15% for periodic payments. The distributions must then be reported on bro’s US tax return.

By the way, we hate him.

      

Stock cowboys got all aroused again on Thursday with news the China-American trade deal is on again. So says Trump. And he never lies.

Anyway, for those who think a 3% GIC with taxable interest is orgiastic, understand what kind of year 2019 has been for investors in equities and those with low-volatility balanced & diversified portfolios. After the late-2018 plop, markets have ascended to new levels with ample reason to believe the party will continue well into 2020.

As this is being scribbled the Dow is ahead 20% for the year, to a record high. So’s the S&P 500, which has added 26%. The tech-heavy Nasdaq has gained 32% (also at an all-time high) and on Bay Street the TSX has sprouted 19%. Investors who hold an ETF-based, 60/40 balanced and diversified portfolio are positive 13%, with all assets gaining ground – even those beaten-down preferreds are back in the black as interest rates sneak higher. So this is a 32% portfolio advance over the past four years – +10.8 in 2016, +8.5% in 2017, -3% last year and +13% now.

But, the skeptics cry, what about next year? Surely after 20% gains markets have to swing back. I’m scared!

Sure, anything can happen. However remember that 2020 is a US presidential year and throughout history markets have plumped during this period. And while Trump is a quixotic, weird, unpredictable leader, he’s a political animal seeking re-election. His proxy is the stock market, which depends on a hot economy and no trade war. There’s not much doubt what he’s going to do to ensure the Dems are smoked in November.

And, hey, listen to what the Fed said when rates were put on hold this week:

“The Committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation near the Committee’s symmetric 2 percent objective”.

Wow. No more rate cuts. Economic expansion. Lots of jobs. Contained inflation – not too hot, not too cold. A soft landing, in other words, after all that ill-informed and alarmist talk about a recession, inverted yield curve and market mayhem. Meanwhle Beijing did not invade Hong Kong. Europe is coming back. Chinese data’s getting stronger. US unemployment’s at a 50-year low. Corporate profits just beat expectations to a pulp. Adele’s still not touring. Life is good.

Says Bay Street analyst Ed Pennock: “The newest acronym replaces FOMO. Fear of Missing Out is now Fear of Joining In. Markets have done so well that it’s got to be over soon. Say the market ends up 25% this year then it can only be up 6% or 7% next year. It can’t possibly be up 20% next year. The problem with this opinion is that there’s no causality. ‘Cause it was so good It can’t be good again. Thus FOJI.”

Actually 2020 could repeat 2019. More growth, profits and rising markets. Be scared if you want, but don’t bitch about the results a year from now. Remember the credo: invest when you have the money. Spend it when needed. Do nothing in the middle. You’ll be fine.

The right stuff: Andrew Scheer made the correct decision. Progressive Conservatives rock.

164 comments ↓

#1 Flop... on 12.12.19 at 2:06 pm

Thor,

So I see a job opening for the two of us to compete.

I see a couple of problems for us down the line.

Neither of us can use spending more time with the kids as an excuse when we get our bums kicked.

I don’t speak French.

You don’t speak Waste…

M45BC

#2 Not So New guy on 12.12.19 at 2:26 pm

I’m a couple of days late with this. I like to follow the blog by a few days. It makes for interesting reading as you can see people setting their hair on fire over issues that are already forgotten two or three days later.

That said, on the debt jubilee:

I’ve thought about this quite a bit as our solution to the problem. Our problem has been debt since the US went off the gold standard in the ’70s. I think the jubilee would only be a temporary fix since the banks and the profligates would be hooking up again quicker than teenagers at summer camp and this really is the main problem with a jubilee. It cleans up the mess but it is the mess of others while responsible savers sit and watch everyone get a ‘get out of jail free’ card.

So the solution I have come up with is a hybrid sort of jubilee solution that should satisfy more people.

Instead of writing off the debt completely, what you would do is write down the debt by 50%. At the same time, you would double the interest rates. This keeps the debtors honest while at the same time raising rates so that savers can again make money on their interest and send that cash flow through the economy.

This would also have the benefit of reducing new borrowing and encouraging new savings. It doesn’t need to just be 50% it could be 75% with a tripling of the rates (or 50% and tripling. There can be many combinations). Whatever it takes to get back to normal, but I think this would work to normalize the economy and create more choice in investments without rewarding bad behaviour and punishing good

#3 Prince Polo on 12.12.19 at 2:42 pm

Garth Turner to run for leader of the Cons??? Maybe that’s why this blog will be shuttering soon…..

#4 ElGatoNerodeYVR on 12.12.19 at 2:51 pm

If only the conservatives would learn that personal attack ads work only with a clearly defined plan to address the economy with targets ,deadlines and solutions. Hot air and trying to be ” Just a bit better” then the other guy while not offering a concrete platform does not work. And reality check: Alberta is not Quebec and people in BC and Ontario en mass really don’t care. If you want to win you have to sell aspirational goals while dealing with reality.

#5 SoggyShorts on 12.12.19 at 3:01 pm

Did all reits take dump?
XRE is still great for the year, but the last 2 days…..

#6 Sold Out on 12.12.19 at 3:05 pm

Progressive Conservatives would certainly be a breath of fresh air in Canadian politics. Unfortunately Peter McKay threw them under the bus. Then his girlfriend ditched him and crossed the floor. WTF, on both counts. What a complete himbo! If anyone thinks that he’s going to resurrect the brand, they need to put down the bong.

#7 Shawn Allen on 12.12.19 at 3:08 pm

Calgary Problems

#150 Dogman01 on 12.12.19 at 11:07 am
https://www.cbc.ca/news/canada/calgary/strategic-group-creditor-protection-1.5393055

Which REITS have exposure to Calgary Office and Retail space; amazing how that Bow Tower was just built a few years ago.

Regardless residential home and condo construction seems to be flourishing in Calgary.

**************************************
Thank you, that is ugly.

Interesting how homes and condos still getting built. In fact single family home starts were inded up I believe 24% in November but from a low bases.

I’m in / near Edmonton where condo and strip mall and light commercial space building has continued apace. Office vacancy in Edmonton the article says is 14%. High but not nearly as bad as Calgary. (Well not as good if you are a business looking for cheap space)

#8 Sean on 12.12.19 at 3:10 pm

REITs have dumped pretty heavy the last couple days.
Bonds as well. What’s the connection?

#9 ww1 on 12.12.19 at 3:45 pm

There is good news and potentially bad news for blog dog Bob’s brother when it comes to the IRS.

The good news is that he gets a tax credit in the USA for the taxes he pays to Canada for his RRIF payments. So he doesn’t really get taxed twice on the withdrawals.

The bad news is that the value of his RRSP is way over the FATCA reporting limits, so if he has not been filing FBARS annually he could be facing six figure penalties. Time to lawyer up.

#10 gfd on 12.12.19 at 3:48 pm

Dozens of Alberta office buildings heading into creditor protection on high vacancy rates.

https://www.jwnenergy.com/article/2019/12/dozens-alberta-office-buildings-heading-creditor-protection-high-vacancy-rates/

#11 Yukon Elvis on 12.12.19 at 4:07 pm

Scheer was a bit of a lightweight but he lost to a paperweight named Trudeau. Blackface, SNC, JWR, none of it mattered. What did matter was the free stuff. The Libs simply offered more than the Cons. Game over. Enjoy the 33% of the popular vote democracy. Suckers.

#12 IHCTD9 on 12.12.19 at 4:12 pm

I’ll leave this here for any other dogs who also opened a Trudeau Rewards savings account:

https://www.yamaha-motor.ca/products/details-build-price.php?model=5371&group=YT&catId=19

Peace homies.

#13 crowdedelevatorfartz on 12.12.19 at 4:13 pm

@#165 Millenial Surealist
“Cons will be fragmented nationally and even in Alberta within the next 12 months. Just another step in their descent into irrelevance….”

++++++

Irrelevance?
Pot meet kettle.

The Trudeau Camp ( aka Butts) will be crapping his pants if the new leader is female and smarter than “selfie” ( like that’s hard).

I expect an election in 12 months or less and Selfie will be out on his Butts……

#14 n1tro on 12.12.19 at 4:14 pm

Sorry about the repost from yesterday’s blog Garth, but this has to be said. Too much misinformation in today’s world preventing open discussion.

@blackdog
#179 n1tro on 12.12.19 at 4:07 pm
#178 Blackdog on 12.12.19 at 3:48 pm
@N1tro, no need to be rude and condescending in your remarks to me regarding anthropogenic climate change. Debate the message if you like, but attacking the messenger is not necessary.
—————-
Apologies for being rude but in this case you can not claim to just be the innocent “messenger”. You are being played and willingly spreading propaganda as if it were the truth. You did it back in Sept and that is what prompted the detailed response by PastThePeak. It took a lot of effort on his part and that’s why I saved the post. In today’s world, everyone can (mis)quote and link to articles and call them “fact” to dismiss other people’s dissenting opinions. It’s rare to be able to use pure math to debunk the spin that was put on the “97% of scientist blah, blah, blah….”

Regardless of this, let’s first start by acknowledging that NASA’s little statement/stunt is disingenuous in the least.

Then let’s talk about what are effective solutions to reduce our dependencies on oil with open discussions about true sustainable options such as nuclear.

Sound like what rational people should do? It does to me. Better than having some 16 yr old spewing out doomsday predictions while being a total hypocrite.

#15 Dog(pun) Ford on 12.12.19 at 4:18 pm

Looks like it’s my turn to become Prime Minister of Canada teehee…. I wonder if I can keep my job as Premier of Ontario too?

#16 Smartalox on 12.12.19 at 4:28 pm

Scheer’s out, eh? GOOD RIDDANCE to that grifter.

https://globalnews.ca/news/6288490/scheer-resigns-conservative-resignation-speech/

Highlights:

“As our party embarks on this exciting opportunity, electing a new Conservative leader and Canada’s next prime minister, I intend to stay on as leader of the party and the official Opposition.” (And enjoy that free taxpayer-funded housing I’ve enjoyed for the last 15 years)

“The party that we’ve all built together is far too important for one individual. Our party is not a cult of personality; (anymore) it’s not shaped by whoever’s name is on the masthead. (anymore) But by the hundreds of thousands of Conservatives who pound in lawn signs, sit on their riding associations and donate a few dollars every month. Thank you. Thank you for putting my 5 kids through private school, with your meagre, blue-collar political donations.

“Let’s stay focused on our one shared goal and our one shared priority — to deliver a strong Conservative government who can unite our country and make life better for all Canadians, for the oil worker out of a job, for the senior who is choosing between heating and eating, for Canada’s position on the world stage.”
But really, thanks for your taxes and your party donations. Without them, I would have had to spend some of my own (taxpayer-funded) six-figure salary, vehicle allowance, staff allowance, etc. to fund my lifestyle.

Whoever the hundreds of thousands of Conservatives across this country choose to lead our party into the next election, that person will have my 100 per cent support. because I realize that I am finished in politics… and my private sector prospects don’t look to rosy either. At least if I stay on into 2020, my federal MP pension should kick in. And there’s always Mr. Trudeau’s child benefit to cover the cost of feeding and housing my kids – that’ll be enough, right?

And my message to the prime minister and the Liberals in this House is this: During this leadership election, there will be no free rides in the House of Commons. No freer than mine, at least.

#17 Dogman01 on 12.12.19 at 4:32 pm

Back of Napkin Calculations Calgary House vs REIT ETF (ZRE)

After fees place in Calgary say $375,000.

To rent a comparable place is $1800 a month.

Cut out Property tax of $225 a month and SWAG cut of $150.00 a month house maintenance. Getting $1425.00\mo. or $17000 a year.

The $375,000 in ZRE with a yield of 4.1% and if we add a 1% conservative capital growth factor = $19000 a year. (but taxed at say 25%)

So it is close.

Now a reasonable person could see REITS are on a better than 1% a year capital growth trajectory and that Calgary housing is on a downward trajectory.

However Renting and moving can be a high PIA factor but it gives you mobility and liquidity.

In many places in Canada I wonder who wins a Home or substitute the REIT ETF.

——————————————————
Side note anyone with experience with cascades
https://cascadesfs.com/retirement-calculator/

#18 n1tro on 12.12.19 at 4:38 pm

Garth, why don’t you have a go at being the new PC leader? One last hurrah in a life lived well.

#19 GBiddy on 12.12.19 at 4:54 pm

When REITs go down, you see and dwell on it.

When your house value goes down, you ignore it.

I like my REITs, but live in my house.

It’s no contest. Not that it should be.

#20 Trump on 12.12.19 at 5:00 pm

Andrew Scheer?

YOU’RE FIRED!

#21 SoggyShorts on 12.12.19 at 5:11 pm

Regarding debt: maybe they shouldn’t give people who claim bankruptcy five times credit cards?

https://www.thestar.com/news/investigations/2019/12/10/credit-cards-are-easy-to-get-even-for-repeat-bankrupts-when-they-cant-pay-their-debt-who-covers-the-cost.html

#22 Joe on 12.12.19 at 5:21 pm

Garth im going to make a suggestion for your blog. If you dont use it thats fine, just a suggestion.

Todays title is …..The hanger-on.
How about ……….The hanger-on – RRIF

You have written many good articles about finance subjects but its hard to go back and find them based on your blog titles. Another example you have written alot about is the TFSA, just put – TFSA beside the title you have chosen that way we as readers can go back and if looking for TFSA info we can reread those articles specific to TFSA , keep up the good work and Merry Xmas.

#23 Smoking Man on 12.12.19 at 5:27 pm

Here comes Brexit.

#24 Mattl on 12.12.19 at 5:29 pm

I’m really questioning why I am in a balanced when just buying the SP500 would have me up 27% YTD and 70% since Dec 12, 2015. With 4bps in fees.

I’m a believer in a balanced approach but damn, 70% is a lot more then the 35% I’ve returned and if we go another 20% next year that is a lot of cushion for a correction.

#25 CEW9 on 12.12.19 at 5:31 pm

#8 Sean on 12.12.19 at 3:10 pm

REITs have dumped pretty heavy the last couple days.
Bonds as well. What’s the connection?

REITs are up 10%-15% in 2020 – XRE, CGR, USRT.

So a clawback of 5% seems within normal volatility. And the dividends keep coming in, so why worry?

Its a buying opportunity.

#26 The real Kip (Ret) on 12.12.19 at 5:34 pm

“The right stuff: Andrew Scheer made the correct decision. Progressive Conservatives rock.”

Really? If the Cons stick another climate change denier in as leader they will get the same result, another loss.

#27 Jager on 12.12.19 at 5:43 pm

“Everybody pities the weak; jealousy you have to earn”

“Although people are sad for the pitiful, they’re always slightly happy in that they are not in their position; they take slight delight in their betterment. You do not need much to be pitied, just failure.
Now jealousy, that must be earned. That look on the face of the envious, that needs to be earned. That resentment for you that you notice, that needs to be earned. Their jealousy proves that you are better than them, even just for the moment. It proves that they would like to be you, and that you have done something so extraordinary, that they can even see their own achievements compared to yours.

Be proud of their jealousy.”

Arnold Schwarzenegger

#28 OMG ... OMG ... on 12.12.19 at 5:53 pm

I heard someone on the airwaves today say that Christy Clark may be in the running … OMG …

#29 Dutchy on 12.12.19 at 5:56 pm

Re: Scheer’s departure,
It was not just the messenger.
If the Cons platform is not made more more progressive T2 (or his successor) will likely win a 3rd mandate in my opinion.

#30 akashic record on 12.12.19 at 5:58 pm

Looks like British Conservatives rock, too.

#31 Ustabe on 12.12.19 at 6:09 pm

With both Bernier and Scheer out of the equation and I suspect Kenny and Ford will not relinquish their kingdoms and interfere; that puts Michael Chong into the top three.

If he were to take the CPC leadership and infuse like minded folks into the hierarchy, that could be a Progressive Conservative party I would seriously consider supporting, financially and via my votes.

Not holding my breath tho…

#32 Mark on 12.12.19 at 6:17 pm

Everyone should know now IS NOT time to be buying equities…….for the love of God.

#33 Derek Field on 12.12.19 at 6:18 pm

Hello Garth ,
Just heard the news about Scheer , I would like to be the first to nominate Garth Turner for conservative leadership . Do I have a second ?
All Hail Garth
Derek
St .Margarets bay

#34 Irwin on 12.12.19 at 6:37 pm

Canadian Cons kick Smiley to the curb.
UK Cons win stunning majority.
Trump will win 2020.

All is well in my world, and “we say Merry Christmas”.

#35 BlogDog123 on 12.12.19 at 6:43 pm

Scheer had a lot of minuses during the last election:

1. Opponents and 3rd party groups painted horns on his head well ahead of the writ dropping. Scheer / Conservative / Cuts / Doug Ford were the words blended together ad nauseum in all those Canada-wide or Ontario special interest group ads.

2. He waffled or flubbed answers when painted into a corner by those minefield questions (religion, same sex, abortion)…

3. Say “Andrew Scheer” real slow, several times, repeat. That last name gets on people’s nerves.

4. He presented himself as an oily politician, not likeable, non-answers seem like he’s hiding his true intentions.

5. The timing of Greta & climate marches didn’t help if he had no coherent or believable Climate Change response / rebuttal.

6. As my 80+ y/o mom commented “I just don’t like that guy.”

#36 Anxious Millenial on 12.12.19 at 6:48 pm

To Gravy Train,

I have read through 70% of “What color is your Parachute”, the book that you recommended.

Thanks for the advice you gave on that previous article. Hopefully I can use the ideas of the book to have a mini breakthrough.

My method of job hunting until now was applying to a few positions online and then waiting. I need to get out of my comfort zone and learn to network more.

#37 Silver Man on 12.12.19 at 6:54 pm

Hello all, I do have a question to those who know about buying actual silver coins in Toronto. I would like to hold a small portion in an actual commodity and asking if anyone could help direct me to the best way to purchase silver (in coin form, not bars). Years ago Scotia Bank on King Street I believe sold those coins though I am trying to avoid serious mark up as well. Thanks Garth and thanks to those who may be able to help.

#38 Former U.S. Citizen on 12.12.19 at 7:01 pm

This is directed at WWI. As I understand it, the U.S. tax credit for taxes paid to Canada is only on earned income, not unearned income. I believe that the RRSP money would be classified as unearned, and so would be rightfully taxed by Canada, but also taxed by the U.S.

#39 MBA101 on 12.12.19 at 7:01 pm

He was pretty young at the time but had managed to sock about $25K into an RRSP. Well, here we are almost 40 years later and that little chunk of money has grown to over $300K. (That’s about a 12 fold increase whereas the $200K house he sold at the time would probably only have increase by about 6 to 8 times as much)

____

What’s up the with the odd comparison of a 25K RRSP to a 200k YVR house sold 40 years ago? “…would probably only have increase[d] by…” ??? A 6-8x gain on 200k is much bigger than a 12x gain on 25k.

#40 N on 12.12.19 at 7:03 pm

Could this be a game changer?
Would there be a need for roads, cars etc?
https://www.youtube.com/watch?v=o4YnrJCHbxw

#41 Xpat on 12.12.19 at 7:12 pm

Said it a few weeks ago there is huge bullish divergence on the Money Flow Index weekly chart for Canadian Preferreds. Check out ZPR

VAB has had a good run but its now heading down and those sellers are heading to ZPR & CPD

#42 SoggyShorts on 12.12.19 at 7:16 pm

#17 Dogman01 on 12.12.19 at 4:32 pm
Back of Napkin Calculations Calgary House vs REIT ETF (ZRE)
…..
*********************
I think a better comparison would be the cost of ownership(yearly) vs rent+Downpayment in a REIT

The reason being that no one invests in a REIT at 5-20x leverage like they do in a house.

#43 Dave on 12.12.19 at 7:17 pm

“Scheer was a bit of a lightweight but he lost to a paperweight named Trudeau. Blackface, SNC, JWR, none of it mattered. What did matter was the free stuff. The Libs simply offered more than the Cons. Game over. Enjoy the 33% of the popular vote democracy. Suckers.”
————
Only someone as dimwitted as Sheer could lose to Trudeau. Sheer gave no reason as to why he wanted to be PM. He had no platform. If the cons had a credible candidate they would have wone.

#44 Darren Smyth on 12.12.19 at 7:24 pm

TSX will reach 19,200 to 19,800 and then watch out, 11,500 to 12,500 TSX by 2021-2022. Remember this prediction Garth and forum visitors, posters. Don’t shoot the messenger.

#45 Blackdog on 12.12.19 at 7:27 pm

@N1tro, I give up.

@Garth (or anyone), I have a few questions about RRIFS.

Garth writes: “But remember that once a RRSP morphs into a RRIF no more contributions are allowed. This won’t stop you from contributing to your spouse’s plan, however, so always marry a young thing.”

Does this mean that if you convert a single personal RRSP into a RRIF that you cannot contribute to any other personal RRSP’s you may have?

If you convert a personal RRSP to a RRIF, I presume there is no impact on any spousal RRSPs that you(not your spouse) own – i.e. your spouse can continue to contribute to your spousal RRSP regardless that you have morphed a personal RRSP into a RRIF. Can someone confirm?

Is it possible to convert a portion of an RRSP into a RRIF rather than the entire RRSP? For example, as part of a draw-down strategy one might want to create a $10,000 RRIF (rather than withdraw from the RRSP) to take advantage of the yearly $10,000 pension tax credit (not applicable to RRSP withdrawals).

#46 crazyfox on 12.12.19 at 7:37 pm

I agree with everything you’ve said Garth, at least in the lens of a rational president trying to get re-elected but there’s only one problem with The U.S./China so called trade deal that’s supposed to send the U.S. economy into overdrive getting Trump re-elected. Ok, well 2 things. First, the timing is too soon as the election is still a year away. Secondly and perhaps more importantly, it will kill the fed’s only argument for ultra cheap central bank rates given all of the economic indicators.

Let’s not forget where central bank rates are at right now:
http://www.cbrates.com/
1.5 to 1.75% (Oct. 30th)

Two factors are keeping these rates low. The first is slowing global growth in part caused by Trump’s U.S./China trade war. The second is the trade war itself with central bankers saying as much.

So lets ask ourselves… if you were president of the U.S. looking for re-election a year from now, would you do what’s in the best interest of your nation and hammer out a good deal making financial planners happy, or would you stall it to further your own best interests?

I’m pretty sure we know what Trump will do, it’s Trump first (America first, that was a meaningless slogan for the simple minded to get elected). In that light, it makes sense for Trump to wait but what if he waits too long? What if this new round of tariffs is enough to kill growth and cause a recession globally and as consequence, domestically?

Because… that’s the risk if this continues and the thing is, Trump really isn’t the smartest guy in the room and all the things people say about him (like the fact that he’s got a personality disorder or mental health condition and he’s a traitor) are still true.

What I fear is Trump’s been told that low bank rates help create a wealth effect in hard times which is true in a sense because it floods the market with cheap credit. It works in turn by kick starting the economy out of doldrums as interest rates drop, while encouraging bond holders to cash in as coupons values rise and then re-invest in the markets pumping up value. If the dollar is strong, it helps generate a coveted wealth effect not all on its own, but definitely helps, a wealth effect that past Republican presidents have so often sought after even if it leads to housing bubbles gone bust and later GFC’s. So, Trump’s created a trade crisis with China and tried to bully the central bank rate down and its worked in his favor but! Any president can take it too far, just ask GWB junior. George got re-elected, but at what cost to America.

What will Trump’s bully tactics in trade and central bank rates do for an economy that begins to struggle? When your central bank is at 1.5% and facing a serious down turn, a central banker can go to zero but it may not be enough to turn it around. what I’m saying is, the U.S. economy has been put at unnecessary risk due to Trump’s policies because we are witnessing 1.5% – 1.75% CBR’s at a time when the dollar is high, unemployment is at a historic 50 year low, like, this number is too low for major impact and its thanks to this trade war, thanks to Trump leaving us to ask…

What would the U.S. economy look like at a more normalized 4 to 5% CBR? Or without the trillion dollar deficits where the fed alone is borrowing 5%… possibly 6% of it’s entire GDP to do it? Y’know, with fed government spending at 21% of GDP @ $4.74 trillion and borrowing a trillion plus, we are not looking at an economy growing at 2+% at all, but one that is papered over with federal debt and then some:

https://www.thebalance.com/current-u-s-federal-government-spending-3305763

I guess what I’m saying in far too many words is its not all about the markets. Fiscally, the U.S. economy is not as good as it looks when looking at how much of their economy comes from deficit public spending and the central bank is in a terrible position to fight off a recession should there be one. (like ours, go figure) That might be fine going into an election year, but this is Donald Trump, the guy who went bankrupt in the 90’s from an inheritance most couldn’t fathom. He’d be dead in the water if not for Russian money and, well, history has a cost and does repeat.

#47 juangretzky on 12.12.19 at 7:37 pm

Scheer made the correct decision only after he got caught. It’s a good thing he’s so virtuous.

#48 Long-Time Lurker on 12.12.19 at 7:53 pm

OPINION
We must invoke Magnitsky sanctions against China

Leo Housakos and Thanh Hai Ngo: We will be introducing a motion in the Senate that calls on the Canadian government to take a principled approach in dealing with China

by Leo Housakos and Thanh Hai NgoDec 10, 2019

Who amongst us hasn’t seen the pictures or videos from the ongoing pro-democracy protests in Hong Kong over the last several months? There have been shocking images of police brutality and actions by Chinese and Hong Kong officials that are a complete affront to the values that we, as Canadians, hold dear. There have also been powerful images of strength and bravery by protestors in the face of such oppression…

…And then there is the systematic persecution of minority Muslims in mainland China. In August 2018, the United Nations Committee on the Elimination of Racial Discrimination reported that it had received credible information that some one-million ethnic Uyghurs and other Muslim minorities in Xinjiang are held in detention camps. Various sources today talk about two-to-three million, which is completely horrendous. The allegations suggest that they have been targeted as enemies of the Chinese state based solely on their ethno-religious identity. With the recent leak of the China Cables, we now have the evidence of a cultural genocide taking place…

…Canadians can no longer sit idly by and watch these events unfold without taking a stand for the values we hold most dear.

As a nation, Canada has always stood for freedom and democracy and have repeatedly asserted our commitment to promoting the protection of fundamental freedoms, human rights and the rule of law. We have never backed down in the face of tyranny. And we certainly shouldn’t start now.

Unfortunately, where China is concerned, our current approach does not always seem to reflect that commitment…

…It’s time for Canada to stand up to China. We are either defenders of democracy and rule of law, or we are not. We have not hesitated in invoking Magnitsky sanctions against Russia, Venezuela, Myanmar, South Sudan, and others. Why should China be any different?….

https://www.macleans.ca/opinion/we-must-invoke-magnitsky-sactions-against-china/

#49 Long-Time Lurker on 12.12.19 at 7:55 pm

>PM Socks to Sock Puppet?

Canada Parliament votes for committee to probe China relations in defeat for PM Trudeau

PUBLISHED
DEC 11, 2019, 9:35 AM SGT

OTTAWA (REUTERS) – Canadian legislators on Tuesday (Dec 10) delivered Prime Minister Justin Trudeau his first parliamentary defeat since his re-election by approving the creation of a special committee to examine relations with China, which is locked in a dispute with Ottawa…

Mr Trudeau’s Liberals lost their parliamentary majority in an October election. He must now rely on opposition legislators to govern.

Canada-China ties turned icy a year ago after Vancouver police detained Huawei chief financial officer Meng Wanzhou on a United States arrest warrant.

Shortly afterwards, China picked up two Canadian citizens who now face state security charges. It also blocked imports of canola seed.

The right-leaning Conservative Party, which accuses Mr Trudeau of being too soft with China, proposed setting up the 12-person committee, which will conduct hearings to review all aspects of Canada’s relations with China.

It is due to meet for the first time on Jan 20.

“This committee will help shed light on Justin Trudeau’s failures to stand up for Canadian interests with respect to Beijing,” Conservative foreign affairs spokesman Erin O’Toole said in a statement.

Mr Trudeau has stressed the need to not escalate the dispute with China. The Liberals said existing committees already deal with the China relationship.

The Conservatives say Mr Trudeau should scrap a C$250 million (S$256 million) investment in the Chinese-owned Asian Infrastructure Investment Bank.

They also oppose the use of Huawei technology for construction of an ultra-fast 5G wireless network.

Legislators voted by 171 to 148 to create the committee. Mr Trudeau’s office was not immediately available for comment.

https://www.straitstimes.com/world/americas/canada-parliament-votes-for-committee-to-probe-china-relations-in-defeat-for-pm

#50 Yabba dabba doo on 12.12.19 at 7:55 pm

I kinda liked Scheer, not for his far right views but the way he handled himself. He might have been a great PM. The Dirty politics was not beneficial either. Is it not ironic Max B got the heave ho. Had he been there, they would have won Quebec and the country. He was fluently bilingual ( In french anyway). Oh well, It’s back to the drawing board and 2 more years of a lame duck Trudeau.

#51 Nonplused on 12.12.19 at 8:04 pm

“The right stuff: Andrew Scheer made the correct decision. Progressive Conservatives rock.”

Scheer did make the right decision. It’s not because I think he is a bad person for the job or I don’t like his policies, but the conservatives can’t form a government, not even a minority government, if they can’t win seats in Ontario and Scheer failed to deliver. I’m only surprised he resigned so soon. The conservative caucus must be expecting or preparing in case it happens that the Trudeau minority government won’t last long, so they are getting on finding a new leader early so they have time to advertise the new leader. It must be done, because Scheer did not deliver in Ontario and the conservatives must win seats in Ontario to win. I think the conservatives can count on the whole blue section from the middle of BC through to Manitoba to vote blue no matter who they put up as a leader, but they need to win a lot of seats in Ontario to form a viable government. The left coast of BC is unwinable, Quebec is a no-go zone, something might happen on the east coast but it won’t be enough. It comes down to Ontario.

The conservatives at this point have no natural allies when it comes to forming a minority government. They have nothing in common with the NDP and little in common with the PQ. Of the available bridesmaids they are actually closest to the liberals and that isn’t going to happen. The conservatives need a majority to survive their first vote in Parliament. So that means they have to do well in Ontario, which they did not.

Will a new leader fair better? I don’t know. I think the country is permanently divided politically. Just look at the map of the election results. And then look at a map of transfer payments. It is clear that Canada is not a unified country anymore and is being stitched together by money transfers from those that don’t have enough votes to those that do.

Garth says “Wexit” is impossible because it is against a bunch of laws dreamed up by Ottawa. Laws that are considered unjust get ignored. Would “Wexit” land lock Alberta? No more so than it is now. Most of our trade is with the US already. The mere fact that Ottawa wants to shut down Alberta’s primary industry is reason enough to leave. That’s not the sort of government you want. Imagine if Ottawa tried to shut down the auto industry because cars emit too much CO2? They won’t do that. But where do you think Alberta’s oil goes? It goes in your gas tank (after some refining). If you drive a car, or heat your house with natural gas, or fly to Mexico for vacation, you are by your actions in support of the oil & gas industry. If Trudeau would mandate zero CO2 emissions starting tomorrow, you’d be walking to work and the computers and heat wouldn’t work when you got there, and the food court would be closed along with the grocery stores. Not even the buses would run. No snow plows either but that wouldn’t matter. It’s probably best if there are no snow plows in case someone has cross-country skis.

#52 ww1 on 12.12.19 at 8:09 pm

#38 Former U.S. Citizen on 12.12.19 at 7:01 pm
This is directed at WWI. As I understand it, the U.S. tax credit for taxes paid to Canada is only on earned income, not unearned income. I believe that the RRSP money would be classified as unearned, and so would be rightfully taxed by Canada, but also taxed by the U.S.

Simply put – no.

Good thing too – double taxation would essentially wipe our most of the hundreds of thousands of RRSP’s held by Canadian expats living in the USA. That’s why Canada and the USA have tax treaties in place – it works the same way with 401K and IRA investments in Canada.

But don’t take my word for it – google “US taxation of RRSP withdrawals”.

#53 Hey Joe 22 on 12.12.19 at 9:02 pm

The best way to search Greaterfool is to do a Google search limited to the site.

In Google or your browser address bar type the next line …

site: greaterfool.ca tfsa

You can even get more crafty in the Google Advanced Search – https://www.google.ca/advanced_search

#54 Mississauga Mel on 12.12.19 at 9:05 pm

#2 Not So New guy on 12.12.19 at 2:26 pm

Where were your thoughts on debt when former Fed chair Paul Volcker was alive? Now that he is dead who will listen???

https://markets.businessinsider.com/news/stocks/paul-volcker-fed-chief-issued-one-final-warning-before-death-2019-12-1028756550

#55 akashic record on 12.12.19 at 9:05 pm

#48 Long-Time Lurker
We have not hesitated in invoking Magnitsky sanctions against Russia, Venezuela, Myanmar, South Sudan, and others. Why should China be any different?….

Because China is strong enough to turn around and not hesitate to invoke the same against Canada for SNC Lavalin.

#56 -=jwk=- on 12.12.19 at 9:07 pm

[From yesterday]
@Don Guillermo

Great that it worked out for your father but that was not the norm.

People living in their second home/trailer in Florida for 3 months of the year while complaining they have it tough is…rich to say the least.

That aside, your snowbird anecdotes don’t counter the mountains of data that show my dads experience was the norm. First house – less than a year of his annual salary. First house today – 5-10 times your salary. Tuition? half or more of a years salary. Tuition for that history degree? 1/25th his starting salary. He sold oil products to service shops. Shop to shop, round the sales route for ten years @ $165 per week before starting his own business with savings(!). Look around your snowbird community and realize that they are all getting smaller. THe trailer parks are almost all gone now. why? There is zero chance that the next generation will be able to coast through their winters in florida – even the OHIP coverage is gone now and work insurance no longer covers out of country, and no coverage if any change in meds in last 180 days..all things my grandparents (factory workers) who wintered in New Port Richie 30+ years never had to worry about. Raise your hand if you are under 40 and have a health plan from work that covers you in retirement. That was the norm. Not anymore.

@#25 Russ


It appears you have no idea what you’re talking about. Assuming a small portion of Boomer experience applies to the whole generation is beyond naive. It is ignorant.

Please apply for another loan to further your education. And try to get some understanding this time. Okay?

We’re here for you when you show that you are ready.

Ah yes, the Trumpian method of hate the person, and completely ignore the argument presented debate strategy. This isn’t about me. And I know this might hurt, but it isn’t about you either. Not everything is. The tuition at my last degree – which I earned in my mid 30’s many many years ago – is 45k each year for the two year program. I think I am good education wise, but thanks for your concern.

Now back to the actual question: What part of the data I presented above about the ‘Boomer experience’ is incorrect? Are you suggesting that StatsCan has been manipulating their numbers to make it look like the Boomers had an easier time than the millenials? That runwaway housing costs, wage stagnation and the shift to part time ‘gig’ economy are not actually happening? Strong claim. How about you provide some proof of that? I’ll be here when you are ready.

@#26 Jon boy

I wrote the first quote. I was born in 1979. Tell me how I had it all again. I was born 15 years AFTER the Boomers….What have you sacrificed recently? I’m not talking about things like “I sacrificed sleeping in so that I got to work on time.” I’m talking about something that you see everyone else have but you gave it up to gain something greater, something with long term rewards, something to set a foundation for your future.

It’s not about me. I’m 1972, the heart of GenX. We both had opportunities. It’s about a generational gap issue. The millenials that work for me are, quite franky, screwed whether they have the ‘right’ degree or not. When I quit my job, moved 5000km away to go back to school in my mid thirties I was pretty confident things would work out. I don’t know if I would feel the same way today.

Was it all enjoyable? Not at all.

My path was similar but with no regrets. I am sorry you didn’t enjoy the journey as I did.

#57 Blackdog on 12.12.19 at 9:27 pm

@ww1 #52, That is my understanding as well. However, I believe there is a form you have to file (not sure whether annually or not) to exempt your RRSP from US taxation.

The other way to handle counter-intuitive, unique to the world “citizenship” based taxation – for Canadians who have no US assets and no plans to move to the USA – is to just ignore the whole thing. Most Canadians with US citizenship do not file US tax returns, nor report their local Canadian accounts on Foreign Bank Account Reports (FBAR) to the Financial Crimes Enforcement Network (FINCEN). Until recently (thanks to FATCA) most were unaware they were even required to do so.

The world-wide compliance rate is also very low. USA receives around 1/2 million US tax returns from abroad despite there being an estimated 9 million so-called ‘US persons’ who do not live in the USA.

#58 Sail Away on 12.12.19 at 9:30 pm

#46 crazyfox on 12.12.19 at 7:37 pm

…all the things people say about [Trump] (like the fact that he’s got a personality disorder or mental health condition and he’s a traitor) are still true.

————————–

Crazy, you should probably provide proof for the facts you note above. Otherwise, people might disregard your whole post as a mean-spirited opinion piece.

#59 Sail Away on 12.12.19 at 9:34 pm

Scheer is adorable. Those dimples!

And don’t be too hard on him- he did win the popular vote of the country, after all.

#60 Short time lurker on 12.12.19 at 9:42 pm

DELETED

#61 Yabba dabba doo on 12.12.19 at 9:44 pm

Trading on Trumps Tweets:

The Market Euphoria run up…

Bought SQQQ at 10:35.39AM $24.485

The Market Realization sets in…

Sold SQQQ at 11:32.44 AM $24.864

What did Trump and his Cronies make???

#62 Glen B on 12.12.19 at 9:46 pm

#37 Silver Man
I often use silvergoldbull.ca
Located in Calgary, but free shipping in Canada for orders $500+ and a good selection at fair prices.

#63 Gravy Train on 12.12.19 at 9:57 pm

#36 Anxious Millenial on 12.12.19 at 6:48 pm
“To Gravy Train, I have read through 70% of What Color is Your Parachute?, the book that you recommended.” Good job. You’re a quick study! :)

“Thanks for the advice you gave on that previous article. Hopefully I can use the ideas of the book to have a mini breakthrough.” So, tell me: Have you done the Holland Code party game exercise? What is your Holland Code? Mine is (I)nvestigative, (A)rtistic, (S)ocial. :)

“My method of job hunting until now was applying to a few positions online and then waiting.” As I’m sure you know by now, that method is one of the least effective. :)

“I need to get out of my comfort zone and learn to network more.” If you’re an introvert, these job-search methods will be more uncomfortable for you than for an extrovert. Let me just say that I’m an extrovert, and I found that my first phone call was unnerving. As the book says, try to arrange two interviews per day, and focus on organizations you’d be thrilled to work for. I felt both excited and relaxed in every interview, because everything didn’t hang on just one interview. I landed a job in three months. Let me know how things turn out for you! :)

#64 Never retiring but on 12.12.19 at 10:04 pm

Is it possible to open a Self Directed RRIF account the same way we can open a Self Directed RRSP account ? Or do I have to rely on one of Big six to hold my RRIF and pay them the fees for holding my money?

#65 crowdedelevatorfartz on 12.12.19 at 10:16 pm

@#49 Long time lurker
“Canada Parliament votes for committee to probe China relations in defeat for PM Trudeau”
+++++

Now if only the Canadian Parliament would investigate why Trudeau supported SNC-Lavalin instead of Jody Wilson Raybould during the campaign…….

#66 crowdedelevatorfartz on 12.12.19 at 10:19 pm

@#50 Yabba Dabba
“Oh well, It’s back to the drawing board and 2 more years of a lame duck Trudeau.”
++++

My god.
Its been less than 12 hours since Scheer “fell on his sword” for the good of the PC party.
Patience is a virtue.
Lets see who becomes Leader of the PC’s before declaring “Little Lord Fauntleroy” PM for another 2 years.

#67 crowdedelevatorfartz on 12.12.19 at 10:22 pm

@#43 Dave
” If the cons had a credible candidate they would have wone.’
++++
congrats!
You invented a new word.
‘One” or “won” …..no no …
I declare “wone” the loneliest number

#68 leebow on 12.12.19 at 10:31 pm

The problem with conservatives (to a lesser degree) and republicans is that they got entangled with some weird religious lunatics. Hence, a bunch of semi-retards that we observe in US politics.

Scheer tried to distance the party by saying that these are some beliefs that are irrelevant to policy and won’t be imposed on anybody. But he wasn’t successful. Nobody believed his malarkey.

The republican party is gone. Likely, the democratic party will split along the BBB (Biden Butig Bloomberg) – Sanders/Warren line. And that will be the new two party system.

It’s important for Canada, because Canada is on a somewhat similar trajectory. The Conservatives are going to be extinct unless they come up with a socially progressive, fiscally conservative candidate, and shake off the religious weirdness. The Alberta thing will take them only that far. Really, a self-defeating strategy to stick to.

#69 DON on 12.12.19 at 10:31 pm

#33 Derek Field on 12.12.19 at 6:18 pm

Hello Garth ,
Just heard the news about Scheer , I would like to be the first to nominate Garth Turner for conservative leadership . Do I have a second ?
All Hail Garth
Derek
St .Margarets bay
*******************

I second that. The first Prime Minister to blog his policies and test them out with boots on the ground.

The Greater Fool Senate

But seriously, when do we start the campaign?

#70 the Jaguar on 12.12.19 at 10:37 pm

I would agree with previous posters that Peter MacKay is not the one to resurrect the Conservative Party brand or fortunes. And Rona Ambrose is very capable but her association with Harper (best pal of Laureen) would be problematic. Forget Kenney, however he might want to “bail” to reach for the brass ring the timing is all wrong. Sorry Jason, but you will need to dance with the one you brought to the dance…
I won’t throw myself tearfully down and bemoan the treatment of Nigel Wright and praise his virtues ( if only because I have done so repeatedly), but I hope at least he is consulted for his opinion of viable candidates with winning ways.
If ever there was a time for a fresh face full of promise and intelligence to ride in like the cavalry this would be the time. Keep hope alive.

#71 DON on 12.12.19 at 10:48 pm

#35 BlogDog123 on 12.12.19 at 6:43 pm

Scheer had a lot of minuses during the last election:

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

Recently read a study/research (whatever it was) – Humans can detect basic personalities trends and get a sense of someone in 15 seconds of looking at the other persons face.

Looking at Scheer – YIKES!

I had wondered how he afforded to send all his children to private school – being average and middle class and all.

#72 Sold Out on 12.12.19 at 10:52 pm

#58 Sail Away

Crazyfox and 70,000 psychiatric professionals….

https://www.psychologytoday.com/ca/basics/president-donald-trump

#73 SoggyShorts on 12.12.19 at 10:53 pm

#32 Mark on 12.12.19 at 6:17 pm
Everyone should know now IS NOT time to be buying equities…….for the love of God.
**********
Be honest, how long have you held that sentiment?
Since June?(I’m up over 5%)
Since March?(I’m up almost 8%)
Since new years?(I’m up about 21%)

Sorry, but I think Garth’s right:invest when you have money.

#74 n1tro on 12.12.19 at 11:00 pm

#68 leebow on 12.12.19 at 10:31 pm

Please enlighten the rest of us what religious weirdness you speak of. Is it weird to say abortion is murder because it is a woman’s body so it is her choice? Or is it weird to empower women with the right to choose while looking the other way as women are covered head to toe and made to walk behind a man because it is supposedly part of a culture/religion?

#75 Yabba dabba doo on 12.12.19 at 11:05 pm

If ever there was a time for a fresh face full of promise and intelligence to ride in like the cavalry this would be the time. Keep hope alive.

Share your comment:

Benard Lord. A progessive, fully bilingual.

#76 DON on 12.12.19 at 11:21 pm

#36 Anxious Millenial on 12.12.19 at 6:48 pm

You could start by networking right on this blog, what’s your job choice?

Everyone is human and had to start someone, ask them how they did it. And look for quality networks. You just have to show that you are competent, you don’t have to know everything or say the right thing. Throw in some sunshine as everyone loves to hear they are great. But don’t be fake.

#77 Barb on 12.12.19 at 11:40 pm

“Garth Turner to run for leader of the Cons???”

———————————–

If only that were true!

#78 DON on 12.12.19 at 11:41 pm

#68 leebow on 12.12.19 at 10:31 pm

That’s the way I see it.

They should have gotten rid of the Harper influence behind the scenes and renewed the party a long time ago. They should also renew the idea of separating church and state.

I don’t think the NDP can afford another election, so most likely they will support Trudeau on votes of confidence along with the Quebec Party. Do people really want to go back to the ballot box in less than two years, could be political suicide for any party the provokes the next election without just cause. This will force Trudeau to behave to some extent.

#79 Space Cowboy on 12.12.19 at 11:45 pm

DELETED

#80 Not So New guy on 12.12.19 at 11:48 pm

@ #54 Mississauga Mel on 12.12.19 at 9:05 pm

I have long been against debt. Probably since the late ’90s. I have been on both sides of the debt coin and there is no greater feeling than being debt free. Even if it means having less equity and assets.

I also believe that public debt is highly immoral and a form of theft from the generations that have to follow us

I think it would fundamentally change us for the better as a nation if we were to be debt free.

Sadly, the banks would not like that at all and thus we will never get ‘permission’ to do so unless it comes from a very loud, angry grassroots movement

#81 S.J. on 12.12.19 at 11:53 pm

@leebow, no one wants your gamma male schtick. You realize religious people are the ones having kids, right? The future belongs to who shows up for it.

#82 oh bouy on 12.12.19 at 11:58 pm

@#68 leebow on 12.12.19 at 10:31 pm

______________________________

bingo. Get a progressive leader and shed the religious nonsense and they may have a winning formula. Not counting on this happening though.

#83 Robert Ash on 12.13.19 at 12:00 am

Well Goodbye Andy, and he made the right move, albeit I am sure he needed some convincing.
I believe the Conservatives should consider Electing Rona Ambrose as the Next Leader… She is well liked, articulate, speaks French, and is the new Branding option that the CPC needs. There is a Bias in Politics today against the White Male Conservative, that seems to be Chic, in the Urban Media… Rona would be given a pass on a lot of this bias… since she is a proven, facilitator across party lines, is a reasonable and experienced MP, has Leadership qualities, and in my opinion can relate to a lot of female, Urban voters, who also are Family focused. She would unite the Party and I believe Canada as well… If Rona could find a method of including Pierre Polievere into the Mix, then they would be a formidable, and Intelligent duo, with a lot of great experience and unifying characteristics.

#84 Nonplused on 12.13.19 at 12:06 am

#83 Blackdog (Yesterday)

The 97% number is totally misrepresented. Yes, 97% of scientist agree that man has and is increasing the amount of CO2 in the atmosphere, and it has some affect on climate. The amount of scientists that think we have to turn out the lights immediately is much lower.

#180 crazyfox (Yesterday)

Nobody is arguing where the additional carbon is coming from. The discussion is more about whether you personally are willing to stop driving your car, heating your house, having a job, and powering your computer. If the answer to any of these questions is “no”, all you are doing is blaming someone else for problems you are helping to create.

Folks, the CO2 emissions problem in Canada exists most where the population exists most, Vancouver, Ontario, and Quebec. That is where the majority of the exhaust pipes are. Blaming Alberta for CO2 emissions because we produce the oil and gas you burn is like blaming the stork when your wife gets pregnant. You did it and are doing it. Stop driving and heating your house and we’ll know you are serious. Otherwise you are just a hypocrite.

Remember: Drug dealers are bad, but there has to be demand for them to exist. To stop the CO2 emissions, you have to start at home. And that means you have to stop making them.

(And no, electric cars do not help. Where do you think the electricity comes from? Teslas run predominately on coal.)

#85 Russ on 12.13.19 at 12:08 am

Hey jwk, (with wings)

I think you need to review your post at #25 yesterday.

There is no supporting data (link). It is just a whining option piece.

I am sorry you feel hate was expressed in your direction. I honestly do not, cannot even, hate you. In fact I have no feeling at all for you.

You’re simply not worth it.

Nice straw man BTW, save it for the garden next year. Okay?

#86 Loonie Coder on 12.13.19 at 12:18 am

#69 DON on 12.12.19 at 10:31 pm

But seriously, when do we start the campaign?

Where do we send the campaign donations?

#87 WUL on 12.13.19 at 2:05 am

It’s late in Fort McMurray and I’m worried.

I’m turning into an amateur Smoking Man fer Chrissakes (a hardrock Jr. B blueliner). I’ve been chain smoking and bozzing it up with the approach of the Solstice.

I love the comment section here. A lovely erudite crowd.

I wore my cowboy boots to the xMAS function tonight. The Wal-Mart flip flops were left at home. They don’t work at -35 degrees.

Ain’t moving to SoCal. Maybe Airdrie or Priddis.

Turner, I appreticiate your patients.

WUL

#88 Just snootin' on 12.13.19 at 2:32 am

#2 Not So New guy
I like the idea, though for entertainment value I’d rather watch economies unravel naturally.

#37 silver man
Search ‘bullion’, likely a JM around you. I bought some from the mint in Winnipeg for presents. The cool thing about silver is the sound. Drop a round and you’ll remember that jingle for ever. I only keep enough to pass down as keepsakes. Beans will always be the best insurance. I have enough beans stockpiled to become a warlord if society goes sideways.

#89 Space Cowboy on 12.13.19 at 2:34 am

Huge Brexit Win,.wind in the sails for a Wexit.

https://www.cnbc.com/2019/12/13/trump-celebrates-johnsons-uk-election-victory-hints-at-trade-deal.html

Two Faced Trudeau turns Trump’s attention elsewhere. Huge trade deals with UK. Canada gets the shaft. Maybe killing all Canada is Trudeau’s plan all along. After all, you’d have to be institutionally certified to act like an ignoramus all the time.

Agriculture dead. Mining dead. Resource dead. Energy dead. Finance dead. Communications dead. International relations dead. You see, nobody can be that stupid. Trudeau’s backers are obviously on plan to kill Canada.

#90 NoName on 12.13.19 at 3:46 am

uk election is brexit

https://www.google.com/search?q=uk+election+results&rlz=1C1CHBF_enUS807US807&oq=uk+election&aqs=chrome.1.69i57j0l7.4992j0j7&sourceid=chrome&ie=UTF-8

#91 Anger boils over on 12.13.19 at 4:23 am

THE BANK IS TAKING MY HOUSE, because Insurance companies are taking advantage of those of us who didn’t lose our homes in the 2016 Fort McMurray Wildfires.
Before you tell me that everyone has to pay Insurance, or that I should have bought a home that was more within my means. This isn’t why the bank is taking my home.
THE BANK IS TAKING MY HOME: Not because I was bad with budgeting, or spent money I didn’t have on things I didn’t need. Not because I have a gambling, drinking, or drug addiction. Not because we travelled too much (That money was budgeted for.) And not because I have expensive taste.
The bank is taking my home because my condo corporation was forced to renew our insurance for 600% more than we were previously paying. A 600 % increase in Insurance being added to our condo fees, means that I as a homeowner will be paying an additional $939.52 in condo fees each month. Do you have an extra $1000.00 a month laying around? Because I don’t. This increase is in addition to my regular $450.00 per month condo fee payment, this is in addition to my $1800.00 a month mortgage, this is in addition to my water, sewer, recycling, electricity, natural gas, property taxes, and other bills on my home. This $1000.00 a month is in addition to the $100.00 a month I pay in personal liability and contents insurance in my townhome.
This extra $1000 a month extra in condo fees, gets me absolutely nothing. The opposite actually. In September 2019 I was given notice by my condo board that “Over the past three years Cedarwoods has made four claims to insurers to the value of $11,736,848.00. These claims have placed Cedarwoods as a high-risk classification for insurers. In 2018 Cedarwoods was able to acquire insurance coverage for the full property appraisal of $63,264,151 for a premium cost of approximately $142,000.00.”
“Despite our best efforts and extensive research, to-date we have not been able to acquire insurance coverage for the current appraisal value of $65,000,000. To ensure compliance of our bylaws and the ACPA, we have only managed to secure a policy of coverage for $10,000,000 which is less than required but shows our due diligence to find sufficient coverage with what is the only policy being offered at this time.” This extra $1000.00 a month payment is giving us $55,000,000.00 less than what we require in insurance for our 157-unit complex.
Our condo board went on to tell me that “The premium of this insurance policy is $925,000.00 (plus interest) with a 25% retainer. To meet this payment, Cedarwoods is issuing a special assessment. The details of this assessment are in a notification to follow. The new Insurance Policy carries a $250,000.00 deductible which means that any loss on our property will result in a cost to the Condominium Association. i.e: If the loss is less than the deductible, we will pay the full amount; if the loss is greater than the deductible, we will still be responsible for the cost of the deductible.”
How is this possible you ask? “The Alberta Condominium Property Act (ACPA) states that we must be insured as a corporation. While the purchase of this policy is not complete appraisal coverage, it demonstrates our diligence and intent to be compliant with current legislation.”
The bank is taking my house, because I can’t afford to pay $1450 a month in Condo fees… But before you start judging me, perhaps consider your personal finances and let me know if you can afford an additional thousand dollar a month payment (For NOTHING).
Now that you know why I’m losing my home, allow me to tell you the rest of the story, because I’m not just a nameless number who is losing their home, although there are numerous other complexes in Fort McMurray going through the same thing, there are numerous other homeowners in my own complex currently facing foreclosure; I may be a statistic, but I am still a person.
I bought my home in April 2014, I was a single Female living in Fort McMurray, and I wanted to contribute to my future, I didn’t want to pay someone else’s mortgage in rent payments every month, I wanted to prepare to have a family one day. I purchased this home on my own. Being a single income, I was approved for a $400,000.00 mortgage, I found a townhome that was $349,900.00 and I had saved up enough for the down payment. I worked a second job waitressing for a year and put away every penny I made so that I could buy myself a home. And that’s what I did. I bought something for less than I was approved for, because I didn’t want to be house poor. At the time, you couldn’t get into anything besides a townhouse for that amount of money.
This was my first home, I was 25 years old and my parents in BC were so very proud of what I had done.
Fast forward to 2016, Fort McMurray is on Fire, I’m engaged, I’m PREGNANT and I go through the most horrifying experience of my life evacuating through flames. I go through weeks not knowing if my home will still be there when I return, I stress, I cry, I accept that we will rebuild if it’s not there when I return. But through some miracle, my unit does not burn down. Many of my neighbors and friends are not so lucky. I watch them have to rebuild, I watch them get screwed over by insurance and lose everything that they’ve worked so hard for, I watch them file for bankruptcy. I watch builders come to Fort McMurray and take advantage of these people. I watch builders come to Fort McMurray and not pay their trades people, I watch my (now) husband work to help rebuild our community, because he is a drywaller and that’s what he does.
November 2016, I bring a beautiful baby girl home to our home. This is the home that I bought on my own, I finally have the family I dreamed of having in it, things seem to be on the right path.
2019, Fort McMurray is still in a recession, Alberta is in a recession, people have been losing work and money for years. My husband has run out of work and we decide to move to BC and rent out our home. We decide to move because I have health issues and want to be closer to my family. We decide to move because there is no more work in Fort McMurray for my husband. We secure jobs in BC and we move in with my dad in July 2019.
We secure a renter for our home, starting in October 2019, at a rate of $1900.00 per month. This covers my mortgage. It does not cover my property taxes, my condo fees, my liability insurance, my water, sewer and garbage disposal, nor does it cover the cost of the property manager I have hired to manage my home. But we have accepted that we would take a loss of $700 a month, we could make that work, because we are together and we will get through this.
September 2019, I receive that letter from my condo corporation that I will be paying an additional $1000.00 per month in condo fees. So, for any of you wondering why the bank has taken my house. It’s because I can’t afford a $1700.00 a month loss on my home being rented out, because after I pay that plus any one of my bills. I have zero dollars left over for anything else. I can’t pay for my rent, I can’t pay for gas, insurance, food, child or pet expenses or any other aspect of my life.
At this point I decide against renting my home out, I stopped making payments on it and I accepted that the Bank was going to take it from me. I decide no to rent my home out because I can’t morally allow someone to move into it knowing that they will be evicted when the bank foreclosure comes through on my mortgage.
Why don’t I just sell it you say? Because I owe $277,000.00 on a home which is now worth under $200,000.00. Because I can’t take out a loan from the bank for the $100,000.00 + shortfall that will result after realtor and lawyer fees are paid. Because taking out a $100,000.00 loan for nothing doesn’t make sense.
The bank is taking my home, I am filing for bankruptcy. I am not alone, there are thousands of us in Fort McMurray in the same boat and nobody is talking about it. The media is not covering this. Fort McMurray may not actually be on fire right now, but the aftermath of the 2016 wildfire is still taking people’s homes from them. And those people will never get their homes back.
At the beginning of September my Credit Score was 745, it is now 656 and will continue to drop due to my filing bankruptcy. Nobody talks about bankruptcy, nobody is talking about what the Insurance companies are doing, nobody talks about the fact that I now have to go to credit/budget counselling sessions because the government views all people who file for bankruptcy as being delinquents that can’t follow a budget.
On October 22, 2019 my Board of Directors went to the RMWB City Council meeting, and presented its current insurance renewal situation to City Council. The following motion was passed:
8.1. Prohibitive Condominium Corporation Insurance Premiums
THAT Council for the Regional Municipality of Wood Buffalo lobby the Provincial
Government with respect to the cost prohibitive insurance premiums for
Condominium Corporations following claims after disasters and damages; and
THAT the Mayor be authorized to send a letter to Government officials including,
but not limited to the Insurance Bureau of Canada, Premier of Alberta, Minister of
Service Canada and Minister of Finance, requesting that a fulsome investigation
occur to find a resolution to the issue(s) related to insurance premiums for
Condominium Corporations.
You may access the recording at: http://www.rmwb.ca/Municipal-Government/council_meetings/Council-and-Committee-Meetings.htm
What does that mean for me? Nothing, I’m still losing my home, I can’t hold on anymore. They’re asking for help from higher governments, but no help will come, not soon enough to put out this fire.
The Bank has taken my home, I’m filing for Bankruptcy, and I’m not supposed to talk about it.
This is my HOME, my first Home, the home I brought my daughter to when she was born, the Home that we became a family in. This isn’t just a house to me, This was my HOME. And now it belongs to the bank.

Trudeau, ain’t he just grand.

#92 NoName on 12.13.19 at 5:20 am

@ yamaha and gm?????

why buy that dont start if you buy vanilla ice cream???

“This is the second time I have written to you, and I don’t blame you for not answering me, because I sounded crazy, but it is a fact that we have a tradition in our family of Ice-Cream for dessert after dinner each night, but the kind of ice cream varies so, every night, after we’ve eaten, the whole family votes on which kind of ice cream we should have and I drive down to the store to get it. It’s also a fact that I recently purchased a new Pontiac and since then my trips to the store have created a problem…

You see, every time I buy a vanilla ice-cream, when I start back from the store my car won’t start. If I get any other kind of ice cream, the car starts just fine. I want you to know I’m serious about this question, no matter how silly it sounds What is there about a Pontiac that makes it not start when I get vanilla ice cream, and easy to start whenever I get any other kind?”

https://www.digitalrepublik.com/digital-marketing-newsletter/2015/05/10/my-car-does-not-start-when-i-buy-vanilla-ice-cream-said-a-man-to-general-motors/

#93 neo on 12.13.19 at 7:30 am

So still no comment about the Repo markets Garth? I started talking about it in September and you said no big deal and now the Fed is going full fire hose with $500 billion in liquidity the next 30 days to try to calm things down and prevent a systemic crash. Fed balance sheet will not only wipe out the tapering they’ve done the past couple years but soar to GFC highs of $4.5 trillion.

#94 WEXIT! on 12.13.19 at 7:40 am

Brexit will now happen!

AND SO WILL WEXIT!

#95 Poor Dorothy! on 12.13.19 at 7:47 am

Garth, did Dorothy get nervous when Andrew Scheer made the correct decision?!

#96 Dharma Bum on 12.13.19 at 7:52 am

I love it how Millennial Realist (or whatever) rejoices in the the false hope that a Liberal utopia is on the way that will save the sorry asses of his loser cohort while “running over” boomers if they don’t embrace the change.

That is a hoot.

Does he not realize that true boomers are, and always will be (while they remain alive, that is), better off than any millennial will ever be? Ever?

Boomers are now totally insulated against the vitriolic toxic filth being spewed and espoused by these new SJW virtue signalling identity politics intellectually stunted tax mongering pseudo leaders.

The only ones that will suffer for the rest of their petty, miserable lives are typical millennials and their unfortunate offspring.

The rest of us luckily dodged a bullet and are far enough along that the horrifying economic and societal damage yet to come wont’t matter.

Good luck with your new social justice taxed-to-death future world heaven.

#97 Dharma Bum on 12.13.19 at 8:04 am

#68 Leebow

The Conservatives are going to be extinct unless they come up with a socially progressive, fiscally conservative candidate, and shake off the religious weirdness.
——————————————————————–

That’s for sure.

All religion should be banned from politics.

Religions are artificial human constructs based on made-up stories stemming from ignorance. Like all cults. Religion is for weak minded individuals who need fictional and supernatural stories to give meaning and direction to their uninformed lives.

Intertwining religion with politics is the lowest form of pandering to the ignorant masses.

Such a sorry and ignorant state we humans still live in, after 10’s of thousands of years of Homo Sapiens development, still clinging to superstitions and weirdly concocted fictitious tales of how the world works.

So ridiculous and sad.

#98 Phylis on 12.13.19 at 8:09 am

#81 S.J. on 12.12.19 at 11:53 pm Sounds like the person trying to win an argument while making an inflammatory comment, we will out breed you. Classy.

#99 crowdedelevatorfartz on 12.13.19 at 8:11 am

Well, well well.
Boris Brexit takes the day.

Britain will now attempt to exit the EU trade agreement in the next 60 days.
Good luck with that.
Pack your passport Jane24.

As for Scotland and it’s threats to hold another seperatist referendum….vive la Britain!

I gues when the voters in Britain looked long and hard at Communist Corbyn and his financially insane promises….they shuddered, held their noses and voted for Boris.

Canadian Liberals take note… your deficit spending, politically embarrassing , minority parliament is twisting in the political winds…..by a thread.
The Cons better hurry up and get a leader picked.
Trudeau toast by Dec 2020.

#100 Gravy Train on 12.13.19 at 8:13 am

#84 Nonplused on 12.13.19 at 12:06 am
“[…] The discussion is more about whether you personally are willing to stop driving your car, heating your house, having a job, and powering your computer. If the answer to any of these questions is ‘no’, all you are doing is blaming someone else for problems you are helping to create.[…]” Why can’t I heat my house or power my computer with solar panels? Why can’t I take public transportation? You lack any imagination, and exhibit an irrational thought pattern: all-or-nothing thinking. :)
https://en.m.wikipedia.org/wiki/Cognitive_distortion

#101 Stan Brooks for PM on 12.13.19 at 8:24 am

“The right stuff: Andrew Scheer made the correct decision. Progressive Conservatives rock.”

The door has been opened for you Stan. Please step in and lead this nation back to sanity….

#102 Mississauga Mel on 12.13.19 at 8:27 am

#87 WUL on 12.13.19 at 2:05 am

“It’s late in Fort McMurray and I’m worried.
I wore my cowboy boots to the xMAS function tonight..”

You have just proven the point that the way to tell a true Albertan is that they do everything with their cowboy boots on including romping in the sack….

#103 Remembrancer on 12.13.19 at 8:30 am

#78 DON on 12.12.19 at 11:41 pm
#68 leebow on 12.12.19 at 10:31 pm

That’s the way I see it.

They should have gotten rid of the Harper influence behind the scenes and renewed the party a long time ago. They should also renew the idea of separating church and state.
———————————————
That would require a reset of the Reform’ers, a basis of which came straight from a literal pulpit…

A probable “successful” outcome of that, if it happened, would likely be the rise of a socially conservative right-wing rump party that would be a rough analogy to the evangelical wing of the GOP, but separate and maybe less inclined to preach piety while filling their own pockets with silver at the same time, which, mixed with whatever Mad Max does with his 1.6% of cranky voters of record next further splits the conservative movement… That would ironically pretty much bring us back to the pre-CPC days wouldn’t it?

Bottom line, IMHO Canada’s population and electoral map is too small to indulge in significant-sized special interest fringe groups and too large to have 1-2 member party coalition king makers…

#104 Remembrancer on 12.13.19 at 8:39 am

#83 Robert Ash on 12.13.19 at 12:00 am
There is a Bias in Politics today against the White Male Conservative, that seems to be Chic, in the Urban Media…
———————————————–
Unless you have some data to back that argument up as a general statement, I’d venture that its primarily the a-holes and raging dumpster fires that get called out…

And what pray tell is “urban media”?

#105 IHCTD9 on 12.13.19 at 8:54 am

#68 leebow on 12.12.19 at 10:31 pm

Scheer tried to distance the party by saying that these are some beliefs that are irrelevant to policy and won’t be imposed on anybody. But he wasn’t successful. Nobody believed his malarkey.
___

Trudeau, Jag, and May are Religious as well.

Scheer got more votes than Trudeau did.

The reality is probably closer to: most Canadians care little of their Leader’s spiritual affiliation. Most Canadians are smart enough to understand that zero candidates plan to convert Ottawa into a theocracy if they get elected.

Canada’s history is jam packed full of political leaders who went to church, and our future will likely see more that go to Mosque/Temple/Gurdwara also.

Better start sorting this stuff out in your head.

#106 Westcdn on 12.13.19 at 9:01 am

My sister who resides near Chicago was recently dialogised with cancer. I applied for a new passport and talked with the workers as they made me dance. They are afraid of layoffs as a 50+ year old. I bit my tongue considering private industry woes. I wish no harm on anyone but many public servants live in their pampered collective world. You are never too old to grow up.

#107 n1tro on 12.13.19 at 9:06 am

#96 Dharma Bum on 12.13.19 at 8:04 am
#68 Leebow
——————————————————————–

That’s for sure.

All religion should be banned from politics.
—————–
Careful for what you ask for. Laws are based on morales which come from shared concepts of right and wrong rooted in religion.

#108 IHCTD9 on 12.13.19 at 9:07 am

#97 Phylis on 12.13.19 at 8:09 am

#81 S.J. on 12.12.19 at 11:53 pm Sounds like the person trying to win an argument while making an inflammatory comment, we will out breed you. Classy.
___

It’s true though. No use in ignoring the facts. Same thing going on in the USA. Bible belt is still pumping out the kiddies, and the Hispanics (mostly religious) are doing the same, plus new ones moving in all the time. The USA has the highest fertility rate of any Western Nation mainly because of these two groups.

In Canada it’s a little different, Christians still having 2+ kids in many cases, but not really cranking them out like they used to. BUT we are also importing SCADS of mostly Religious folks (and their families) from all over the world who will in turn reproduce here.

I’d bet the GTA is one of the most religious areas in Canada just because of immigration alone

It is what it is.

#109 Sail Away on 12.13.19 at 9:07 am

DELETED

#110 Sail Away on 12.13.19 at 9:21 am

Of course Boris won. The majority of people prefer a leader who isn’t afraid to speak his/her mind and break political correctness. Except eastern Canada, obviously.

Stupid, divisive comment. Boris won because the anti-Brexit opposition was split and Corbyn is a dork. The UK remains as divided as ever. – Garth

#111 Remembrancer on 12.13.19 at 9:43 am

#81 S.J. on 12.12.19 at 11:53 pm
@leebow, no one wants your gamma male schtick. You realize religious people are the ones having kids, right? The future belongs to who shows up for it.
——————————-
If there hasn’t been an amendment to Godwin’s Law of internet arguments yet, there needs to be…

“…when the combination of a Greek letter and a Gender is used to describe an opponent, the thread is finished and whoever made the reference loses whatever debate is in progress…”

#112 Classical Liberal Millennial on 12.13.19 at 10:07 am

Hey Leebow,
Provincial governments are almost completely owned by centre-right and right wing parties. World governments have increasingly gone nationalist and/or conservative. The Canadian federal government since 2015 is an exception and not the norm. So you don’t know what you’re talking about when you assert that the CPC is on its last legs.

#113 Tater on 12.13.19 at 10:08 am

#106 n1tro on 12.13.19 at 9:06 am
#96 Dharma Bum on 12.13.19 at 8:04 am
#68 Leebow
——————————————————————–

That’s for sure.

All religion should be banned from politics.
—————–
Careful for what you ask for. Laws are based on morales which come from shared concepts of right and wrong rooted in religion.
————————————————-

This is a poor argument that has been roundly debunked. Human societies, regardless of religious leanings, develop rules of conduct for the members of those societies that are broadly similar.

It also pre-supposes atheists can’t be moral, which is also nonsense.

#114 Paul on 12.13.19 at 10:11 am

Watching the the vote in the States, all they need is an organ grinder and a Tin cup, they already have enough monkeys

#115 oh bouy on 12.13.19 at 10:30 am

@#106 n1tro on 12.13.19 at 9:06 am
#96 Dharma Bum on 12.13.19 at 8:04 am
#68 Leebow
——————————————————————–

That’s for sure.

All religion should be banned from politics.
—————–
Careful for what you ask for. Laws are based on morales which come from shared concepts of right and wrong rooted in religion.
__________________________________

the world would absolutely be a better place without all the religious nonsense.

#116 Sail Away on 12.13.19 at 10:30 am

#109 Sail Away on 12.13.19 at 9:21 am
Of course Boris won. The majority of people prefer a leader who isn’t afraid to speak his/her mind and break political correctness. Except eastern Canada, obviously.

Stupid, divisive comment. Boris won because the anti-Brexit opposition was split and Corbyn is a dork. The UK remains as divided as ever. – Garth

—————————————-

And here I thought the election was decided by the will of the people, sort of like the Brexit referendum itself.

The referendum was inconclusive. Brexit, of course, is a mistake and a crime against the young. – Garth

#117 leebow on 12.13.19 at 10:36 am

#110 Remembrancer
Thank you.

I am impressed with the vivid response. What a butthurt parade. Do people feel God needs their protection from an internet stranger? Or is there more to it?

Sadly, the influence of age of enlightenment diminished greatly with time. The ideas of tolerance, humanism and liberty that shaped our laws and society are gradually replaced with religious identity and 800 numbers for money prayers.

#118 Shawn Allen on 12.13.19 at 10:52 am

Repo Market problems mean?

#92 neo on 12.13.19 at 7:30 am
So still no comment about the Repo markets Garth? I started talking about it in September and you said no big deal and now the Fed is going full fire hose with $500 billion in liquidity the next 30 days to try to calm things down and prevent a systemic crash. Fed balance sheet will not only wipe out the tapering they’ve done the past couple years but soar to GFC highs of $4.5 trillion.

***********************************
Someone posted a few days ago that the repo problem was becasue the banks refuse to lend to each other because Deutsche Bank is going to go bust and no knows which U.S. banks have exposure in money / derivatives owed to them by Deutsche Bank that could default.

That sounded very logical except wait, the repo market is secured lending. Secured by treasury bills. So that is not the problem?

I believe the problem has been said to be that the banks have no extra cash reserves to lend other banks because so much of what they have they have to keep due to various new regulations. In effect the cash reserve ratio of U.S. banks is way up?

In summary, I am not sure what this repo issue is all about or if it will morph into a bigger problem. I would not jump to any panic just yet.

#119 Don Guillermo on 12.13.19 at 10:59 am

#56 -=jwk=- on 12.12.19 at 9:07 pm
[From yesterday]
@Don Guillermo
Great that it worked out for your father but that was not the norm.
People living in their second home/trailer in Florida for 3 months of the year while complaining they have it tough is…rich to say the least.

******************************************
Not sure who’s living in a trailer park in Florida but it sounds like hell. As does wintering in Florida, Arizona. Vancouver Island or anywhere else Canada/USA in general. I have nothing against the US and Canada but not for wintering. Besides, most Canadians need more than 3 months to escape winter.
The point is forget worrying about who had what easier. Find some line of work that’s in demand, put your head down, work hard and then have a nice retirement. If you set your bar low enough even you can have a nice “rich” retirement in some trailer park.

#120 Shawn Allen on 12.13.19 at 11:04 am

We’re Richer Than You Though!

Take heart! See what Statistics Canada reported about per capita net worth today

“On a per capita basis, national net worth edged down from $335,534 to $334,165, as the population expanded at a faster pace.”

So it edged down but down to $334k each!

https://www150.statcan.gc.ca/n1/daily-quotidien/191213/dq191213a-eng.htm?CMP=mstatcan

#121 NoName on 12.13.19 at 11:06 am

Funny thing how second Brexit is not nearly scary as first one was, and i received news on Friday the 13th…

#122 NoName on 12.13.19 at 11:06 am

Funny thing how second Brexit is not nearly scary as first one was, and i received news on Friday the 13th…

#123 Blog Bunny on 12.13.19 at 11:24 am

”the world would absolutely be a better place without all the religious nonsense”

This bunny respectfully disagrees with the above. With no guidance from Heavenly wisdom, you would be stuck with a feral werebunny who would eat all your carrots and bite your ankles with not an ounce of remorse. And boy, I would enjoy myself in the process.

#124 Glengarry Girl on 12.13.19 at 11:48 am

#92 Neo

Repo, or let’s call it what it is stimulus on steroids, and yes, it is the biggest elephant in this room. It is an unsustainable propping up of the biggest debt bubble in history. I also wonder why it is not analysed and discussed on this blog. Many economists and analysts are calling it what it is, an unprecedented and perhaps last resort to keep the dead patient alive. What’s next, who knows, but I don’t think it’s going to be good.

#125 Flop... on 12.13.19 at 12:01 pm

Thor, I see JWR is still hanging tough in her old office.

Could that office possibly be the same office that you were asked to vacate, that you showed during your video archive post.

If it is, I suggest that office get a cleansing, and I’m not talking about The Rug Doctor…

M45BC

#126 n1tro on 12.13.19 at 12:03 pm

#112 Tater on 12.13.19 at 10:08 am
#106 n1tro on 12.13.19 at 9:06 am
#96 Dharma Bum on 12.13.19 at 8:04 am
#68 Leebow
——————————————————————–

That’s for sure.

All religion should be banned from politics.
—————–
Careful for what you ask for. Laws are based on morales which come from shared concepts of right and wrong rooted in religion.
————————————————-

This is a poor argument that has been roundly debunked. Human societies, regardless of religious leanings, develop rules of conduct for the members of those societies that are broadly similar.

It also pre-supposes atheists can’t be moral, which is also nonsense.
—————–
I guess the isolated tribe that murdered that dude didn’t quite develop rules around the killing of a fellow human. Maybe you should pay a visit and test if these atheists are indeed moral?

https://www.theguardian.com/world/2019/feb/03/john-chau-christian-missionary-death-sentinelese

#127 Sail away on 12.13.19 at 12:04 pm

#96 Dharma Bum on 12.13.19 at 8:04 am

All religion should be banned from politics.
Religions are artificial human constructs based on made-up stories stemming from ignorance. Like all cults. Religion is for weak minded individuals who need fictional and supernatural stories to give meaning and direction to their uninformed lives.

—————————————–

A religion is just a belief system, and there’s nothing wrong with a belief system if it is given no authority to control or hurt others.

I’ll never pay much attention when someone proselytizes about their personal belief system, but they can practice what they want… as long as it doesn’t affect my life. Everybody has to believe in something, and most modern Christianity is pretty blandly moral.

I think I believe in skepticism and logic, and question unproven or subjective blind faith… but we all have blind spots.

#128 Tater on 12.13.19 at 12:07 pm

#121 Blog Bunny on 12.13.19 at 11:24 am
”the world would absolutely be a better place without all the religious nonsense”

This bunny respectfully disagrees with the above. With no guidance from Heavenly wisdom, you would be stuck with a feral werebunny who would eat all your carrots and bite your ankles with not an ounce of remorse. And boy, I would enjoy myself in the process.
———————————————–

If you need a god to prevent you from harming others, and you think you would actual enjoy hurting others, you’re a sociopath. You should really speak to a professional.

#129 Glengarry Girl on 12.13.19 at 12:10 pm

#68 leebow

Trump being developed into “the Chosen One” by Republican leaders and the Evangelical Christian community, is to me, one of the most disturbing and dangerous thing happening in America

https://www.rollingstone.com/politics/politics-features/christian-right-worships-donald-trump-915381/

https://theintercept.com/2018/11/07/chris-hedges-on-elections-christian-fascists-and-the-rot-within-the-american-system/

#130 Glengarry Girl on 12.13.19 at 12:20 pm

#58 Sail Away

There is an abundance of evidence and proof of Trumps personality disorder, his misogynist and racist verbiage and actions, his dishonesty and fraudulent and illegal dealings, his cognitive decline, his ridiculous and absurd behavior…but one of the most recent crazy ramblings was his concerns about water pressure and bathroom fixtures….

https://youtu.be/XGChTEfeeC4

#131 Sail away on 12.13.19 at 12:20 pm

#121 Blog Bunny on 12.13.19 at 11:24 am

”the world would absolutely be a better place without all the religious nonsense”

This bunny respectfully disagrees with the above. With no guidance from Heavenly wisdom, you would be stuck with a feral werebunny who would eat all your carrots and bite your ankles with not an ounce of remorse. And boy, I would enjoy myself in the process.

——————————————-

One Easter, when my daughter was around 7 or 8, I asked her if she really believed a giant Easter bunny hopped around the world giving out gifts.

She replied, “Dad, that’s ridiculous. He’s not giant. He’s the same size as all other rabbits.”

#132 Sold Out on 12.13.19 at 12:46 pm

#124 n1tro et al

So, even if a remote tribe has voiced and demonstrated that they want no contact with the wider world, it’s okay to ignore all that and try to foist your beliefs on them?

If I answer the door and a couple of JWs start to give me the spiel, I politely say “thanks, not interested, have a nice day”. If they then barge their way into my home, I can assure you, they will be met with force.

Christianity (really all organized religion) assumes the position of moral superiority, when history reflects something quite different. A 2000 year fixation on sex and death is not healthy.

#133 Shawn Allen on 12.13.19 at 12:48 pm

God Bless the Government

Tater at 126 said:

If you need a god to prevent you from harming others, and you think you would actual enjoy hurting others, you’re a sociopath. You should really speak to a professional.

*********************************
You may not need god to prevent you from harming others. And belief in god (and hell) has prevented many a harm. But today, it is government and the rule of law that prevents us from harm every day.

At one time, no religion may have meant anarchy. Today, a lack of government would result in immediate anarchy and no safety from harm.

Be thankful for government.

#134 Lorne on 12.13.19 at 12:49 pm

#109 Sail Away on 12.13.19 at 9:21 am
Of course Boris won. The majority of people prefer a leader who isn’t afraid to speak his/her mind and break political correctness. Except eastern Canada, obviously.

Stupid, divisive comment. Boris won because the anti-Brexit opposition was split and Corbyn is a dork. The UK remains as divided as ever. – Garth
……..
Just another example why FPTP does not work! 57% of the people voted against Boris & the Conservatives but he won a majority of seats and will do as he pleases!

#135 Glengarry Girl on 12.13.19 at 12:49 pm

What do you really think will be Donald Trumps legacy judging from his past

DON THE CON

https://nypost.com/2019/12/10/trump-pays-2-million-to-charities-in-foundation-case-admits-misuse-of-funds/

https://en.wikipedia.org/wiki/Donald_J._Trump_Foundation
https://www.nbcnews.com/politics/white-house/federal-court-approves-25-million-trump-university-settlement-n845181

https://www.nytimes.com/2016/06/12/nyregion/donald-trump-atlantic-city.html

#136 Sail Away on 12.13.19 at 12:49 pm

#124 n1tro on 12.13.19 at 12:03 pm
#112 Tater on 12.13.19 at 10:08 am
#106 n1tro on 12.13.19 at 9:06 am
#96 Dharma Bum on 12.13.19 at 8:04 am
#68 Leebow
——————————————————————–

That’s for sure.

All religion should be banned from politics.
—————–
Careful for what you ask for. Laws are based on morales which come from shared concepts of right and wrong rooted in religion.
————————————————-

This is a poor argument that has been roundly debunked. Human societies, regardless of religious leanings, develop rules of conduct for the members of those societies that are broadly similar.

It also pre-supposes atheists can’t be moral, which is also nonsense.
—————–
I guess the isolated tribe that murdered that dude didn’t quite develop rules around the killing of a fellow human. Maybe you should pay a visit and test if these atheists are indeed moral?

https://www.theguardian.com/world/2019/feb/03/john-chau-christian-missionary-death-sentinelese

———————————

n1tro,

Why would you ever think the Sentinelese are atheists? Virtually every civilization is or has been deeply religious at some point.

For one example, Christians happily stoned people to death in their (the Christians’) heyday. Proclaiming Christian morality is deeply hypocritical.

#137 n1tro on 12.13.19 at 12:50 pm

#128 Glengarry Girl on 12.13.19 at 12:20 pm
#58 Sail Away

There is an abundance of evidence and proof of Trumps personality disorder, his misogynist and racist verbiage and actions, his dishonesty and fraudulent and illegal dealings, his cognitive decline, his ridiculous and absurd behavior…but one of the most recent crazy ramblings was his concerns about water pressure and bathroom fixtures….
——
Just wondering if you apply the same level of scrunity when it comes to Trudeau?

Misogynist? Check
Racist? Check
Dishonesty, fraud, and illegal activities? Check
Ridiculous and absurd behaviour? Check

#138 Tommy Cat on 12.13.19 at 12:53 pm

Clearly there is no god. We evolved from RNA arising primordial goo and electrical activity. Which is much easier to believe than Adam and Eve, and virgin births.

#139 n1tro on 12.13.19 at 1:03 pm

#134 Sail Away on 12.13.19 at 12:49 pm

n1tro,

Why would you ever think the Sentinelese are atheists? Virtually every civilization is or has been deeply religious at some point.
————-
I don’t think they are atheists. I was trying to make a point (albeit a weak one) that morality just magically develop on it’s own as was asserted.

#140 MF on 12.13.19 at 1:21 pm

#95 Dharma Bum on 12.13.19 at

Another victim of the MR troll.

All you did was show your ignorance by painting our entire generation’s views with one brush.

Posted it a million times before, but the silent majority of we millennials are NOT what you described. How a (presumed boomer?) who is at least 60 years of age has not learned that no group of people all think alike is beyond me.

MF

#141 YVR Expat on 12.13.19 at 1:39 pm

#29 Dutchy on 12.12.19 at 5:56 pm
Re: Scheer’s departure,
It was not just the messenger.
If the Cons platform is not made more more progressive T2 (or his successor) will likely win a 3rd mandate in my opinion.

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

What does ‘progress’ even mean nowadays? Where are we going? When does this ride end?

#142 Tater on 12.13.19 at 1:47 pm

#124 n1tro on 12.13.19 at 12:03 pm

I guess the isolated tribe that murdered that dude didn’t quite develop rules around the killing of a fellow human. Maybe you should pay a visit and test if these atheists are indeed moral?

https://www.theguardian.com/world/2019/feb/03/john-chau-christian-missionary-death-sentinelese

———————————————————-

It’s quite possible that the Sentinelese have many rules about killing each other, but relax those rules for the killing of “others”. That’s actually pretty common for religious groups through out history.

#143 Blog Dog Ford on 12.13.19 at 1:53 pm

debt going up still

need $1.759 for every $1 of income

https://news.google.com/stories/CAAqOQgKIjNDQklTSURvSmMzUnZjbmt0TXpZd1NoTUtFUWlILV9fVWpvQU1FZVVTOHczS05QQlFLQUFQAQ?hl=en-CA&gl=CA&ceid=CA%3Aen

https://www.castanet.net/news/Business/272615/Canadians-owe-average-1-759-for-every-dollar-of-income

#144 Sail Away on 12.13.19 at 2:03 pm

#136 Tommy Cat on 12.13.19 at 12:53 pm

Clearly there is no god. We evolved from RNA arising primordial goo and electrical activity.

——————————–

Prove it.

Scientists have not been able to re-create life, and not for lack of effort.

#145 Sail Away on 12.13.19 at 2:05 pm

#137 n1tro on 12.13.19 at 1:03 pm
#134 Sail Away on 12.13.19 at 12:49 pm

n1tro,

Why would you ever think the Sentinelese are atheists? Virtually every civilization is or has been deeply religious at some point.
————-
I don’t think they are atheists. I was trying to make a point (albeit a weak one) that morality just magically develop on it’s own as was asserted.

——————————-

I’m sure they are moral to their belief system, which sort of proves Tater’s point.

#146 Greg on 12.13.19 at 2:12 pm

“Adele’s still not touring. Life is good.”

Dang Garth, you surely don’t hold back LOL. Would love to see a post about Scheer and who you’d like as leader.

#147 n1tro on 12.13.19 at 2:13 pm

#140 Tater on 12.13.19 at 1:47 pm
#124 n1tro on 12.13.19 at 12:03 pm

I guess the isolated tribe that murdered that dude didn’t quite develop rules around the killing of a fellow human. Maybe you should pay a visit and test if these atheists are indeed moral?

https://www.theguardian.com/world/2019/feb/03/john-chau-christian-missionary-death-sentinelese

———————————————————-

It’s quite possible that the Sentinelese have many rules about killing each other, but relax those rules for the killing of “others”. That’s actually pretty common for religious groups through out history.
—————
That was what I was trying to get at. The “rules” whether firm or relaxed are coming from somewhere. I think in most cases it comes from religion which has a set of fundamental rules in place. The whole man sitting in the clouds is a different topic.

Getting back to “politicians should leave religion out” stance, I can’t see that be able to happen fully. And if it did, wouldn’t we get politicians making laws like it being ok to seize someone else’s land because the politician deems that person to be richer than the majority which we know (I hope) is wrong since it stems off the “thou shall not covet thy neighbor’s goods” rule?

Sorry to any 10 commandments followers if I’m misquoting or misinterpreting.

#148 crazyfox on 12.13.19 at 2:15 pm

#84 Nonplused on 12.13.19 at 12:06 am

#180 crazyfox (Yesterday)

“Nobody is arguing where the additional carbon is coming from.”

Some of us still are, unfortunately.

“The discussion is more about whether you personally are willing to stop driving your car, heating your house, having a job, and powering your computer.”

Another false choice. No one has to stop driving cars or heating houses, stop work or power our homes to drive emissions down. We don’t have guns to our heads to create overnight change but, as green tech continues to improve, time is also running out to act so its past time really, for us to get off the pot. What it takes is not false choices or unrealistic scenarios of overnight change, but political will to upgrade the cars we buy to electric, heat our homes with geothermal loops, solar and wind electricity and decarbonize going forward in the best ways we can as consumers.

Ontario weened itself off of burning coal for power through wind. Why more than any other reason? Political will. If the masses see a need to address climate change or leaders across all spectrums with vision see mid and long term threats that demand mid and long term solutions with plans of action that start today or have already started, this creates the necessary political will to create government regulation that reduces our collective carbon footprint in a large host of ways whether it be a carbon tax that prices green tech cheaper in competition with conventional energy, direct subsidies or taxes/penalties to oil & gas to lower emissions, tighter emission standards in manufacturing and laws or say, $40 k (or higher) interest free loans to homeowners who want higher energy efficiency in homes or for off power grid generation and geothermal, or reducing trade barriers for green tech specifically, or subsidizing the purchase of EV’s, or charging stations, or doing a full commission study on decarbonizing big power with everything on the table including small scale thorium plants for industrial big power consumption such as electro twinning mines, then yes, Canada can and will reduce it’s C02 footprint, perhaps dramatically. It will take time but with political will, we can do it.

But! If the media doesn’t do its job and under reports the seriousness of climate change and the political parties are too beholden to oil & gas corps and the scientists poorly communicate the science as they often do, or we decide alarmist messaging is too alarming for the masses even though the science points to alarming facts and our Canadian leaders fail to step up and governing political parties don’t even try to bother to make an effort to accept climate change as a threat, never mind create a plan to do something about it, offering instead false choices and false dilemmas that the masses are only to willing to recycle, then political will evaporates like a fart in the wind and we collectively reap what we sow.

“If the answer to any of these questions is “no”, all you are doing is blaming someone else for problems you are helping to create.” – nonplused

Once again, you offer a false choice or false dilemma only to label those who message threats of climate change as polluters who scapegoat anyone but themselves. It’s not just unrealistic, its offensive and there’s a message in that.

“Folks, the CO2 emissions problem in Canada exists most where the population exists most, Vancouver, Ontario, and Quebec. That is where the majority of the exhaust pipes are. Blaming Alberta for CO2 emissions because we produce the oil and gas you burn is like blaming the stork when your wife gets pregnant. You did it and are doing it. Stop driving and heating your house and we’ll know you are serious. Otherwise you are just a hypocrite.” – Nonplused

Facts state otherwise with Alberta leading the pack with emissions:

https://cichprofile.ca/module/8/section/6/page/greenhouse-gas-emissions-by-province-and-territory-canada-1990-2005-and-2015/

If you wish to continue to offer readers false choices (yup, there’s a name for it)

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

It reeks of black and white thinking:

https://en.wikipedia.org/wiki/Splitting_(psychology)

This blog isn’t here to “fix you”. You can do that all by yourself by simply taking the time to read the link above, step outside of yourself (tall order me thinks), practice some equality and quit being so intellectually high on yourself. If you think for one moment that poorly thought out low information thinking followed by insults will somehow support your false sense of superiority over others, do us all a favor and think again.

#149 Tommy Cat on 12.13.19 at 2:15 pm

Sail Away I was being sarcastic. The only explanation for everything around us is God. Many scientists, and those that have a logical brain eventually come to the conclusion that God is the only rational
explanation.

#150 YVR Expat on 12.13.19 at 2:23 pm

#142 Sail Away on 12.13.19 at 2:03 pm
#136 Tommy Cat on 12.13.19 at 12:53 pm

Clearly there is no god. We evolved from RNA arising primordial goo and electrical activity.

——————————–

Prove it.

Scientists have not been able to re-create life, and not for lack of effort.

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

This is actually very interesting…

#151 JonBoy on 12.13.19 at 2:24 pm

#109 Sail Away on 12.13.19 at 9:21 am

Stupid, divisive comment. Boris won because the anti-Brexit opposition was split and Corbyn is a dork. The UK remains as divided as ever. – Garth

——

For those that care, here are the actual votes tallies, which support Garth’s statement.

Conservative 13,966,565 44%
Labour 10,295,607 32%
Liberal Democrat 3,696,423 12%
Brexit 642,303 2%

In terms of the actual votes, the Labour + Liberal parties got 13,992,030 and the Conservatives + Brexit parties got 14,608,868. The rest were spread out amongst no-name groups with mixed messages, as shown below, which was a 46% to 44% split in favour of Brexit. That’s a very narrow margin, all things considered. I didn’t bother to see what the rest of the parties wanted as they tended to have less-clear agendas.

Scottish National Party 1,242,372 4%
Green 865,697 3%
Other 264,002 1%
Democratic Unionist Party 244,128 1%
Ind 196,843 1%
Sinn Féin 181,853 1%
Plaid Cymru 153,265 0%
Alliance 134,115 0%
Social Democratic and Labour Party 118,737 0%
Change 10,006 0%

#152 Tater on 12.13.19 at 2:25 pm

#137 n1tro on 12.13.19 at 1:03 pm

I don’t think they are atheists. I was trying to make a point (albeit a weak one) that morality just magically develop on it’s own as was asserted
——————————

I don’t think anyone believes that morals just spontaneously developed. Instead there is a biological and evolutionary basis to empathy and if you have empathy, morals follow pretty easily.

#153 IHCTD9 on 12.13.19 at 2:38 pm

When it comes to figuring out Religion, God, and the Bible/Quran/Tanakh, I find it helpful to separate God, Religion, and the writings thereof. If you keep them divided and consider them on their own merit, it helps answer some of the many questions that pop up when you consider them all one and the same.

In other news, I see Airbnb is in damage control mode via ads on YouTube about how “we” can all protect the places we live…

#154 crazyfox on 12.13.19 at 2:57 pm

#149 JonBoy on 12.13.19 at 2:24 pm

Thanks for taking to time to post it, cheers.

#155 Remembrancer on 12.13.19 at 2:59 pm

#149 JonBoy on 12.13.19 at 2:24 pm

The rest were spread out amongst no-name groups with mixed messages, as shown below, which was a 46% to 44% split in favour of Brexit. That’s a very narrow margin, all things considered. I didn’t bother to see what the rest of the parties wanted as they tended to have less-clear agendas

Scottish National Party 1,242,372 4%
—————————–
The SNP has been pretty clear on what they are looking for and shouldn’t be dismissed – stay in Europe and hold another referendum on leaving the UK – SKOTxit?

The fallout from this is far from over; Boris is probably good for a few more pratfalls and Farage will be as odious as ever…

#156 n1tro on 12.13.19 at 3:02 pm

#150 Tater on 12.13.19 at 2:25 pm
#137 n1tro on 12.13.19 at 1:03 pm

I don’t think they are atheists. I was trying to make a point (albeit a weak one) that morality just magically develop on it’s own as was asserted
——————————

I don’t think anyone believes that morals just spontaneously developed. Instead there is a biological and evolutionary basis to empathy and if you have empathy, morals follow pretty easily.
——–
I think it is more complicated than that but I’ll leave it with this example…

I feel empathy for the man on the street about to die because he has nothing. I help take away some of your excess by force not intending to hurt you but end up killing you while saving man. Is my act moral?

#157 IHCTD9 on 12.13.19 at 3:04 pm

#125 Sail away on 12.13.19 at 12:04 pm
#96 Dharma Bum on 12.13.19 at 8:04 am

All religion should be banned from politics.
Religions are artificial human constructs based on made-up stories stemming from ignorance. Like all cults. Religion is for weak minded individuals who need fictional and supernatural stories to give meaning and direction to their uninformed lives.

—————————————–

A religion is just a belief system, and there’s nothing wrong with a belief system if it is given no authority to control or hurt others.

I’ll never pay much attention when someone proselytizes about their personal belief system, but they can practice what they want… as long as it doesn’t affect my life. Everybody has to believe in something, and most modern Christianity is pretty blandly moral.

I think I believe in skepticism and logic, and question unproven or subjective blind faith… but we all have blind spots.
———

Yes Sir, in the context of modern 1st world society – tolerance for personal beliefs and doctrines is a HUGE benefit in our Globalized society. Keep it out of government, but let it thrive in society.

Those that are devout and God fearing seldom place these Doctrines 2nd or lower on life’s list of priorities. To get in the way of this reality is doomed to bring a society down.

If we as a human race are to ever make it to a type 1 civilization, the mixing of people together is 100% required, and with that comes the need for tolerance regarding the beliefs of others. Any society that can muster this ability will move forward, those that cannot will stagnate and regress.

I am a God featuring dude, but I’m not super Religious. I also want the Human race to make it to type 1, and this is the most dangerous transition in all of our social evolution. If we make it, the benefits are huge, if not we may well be doomed.

Read up on the Fermi Paradox and the great filter theory.

Then listen to this:

https://www.youtube.com/watch?v=7NPC47qMJVg

#158 Sail away on 12.13.19 at 3:12 pm

#147 Tommy Cat on 12.13.19 at 2:15 pm

Sail Away I was being sarcastic. The only explanation for everything around us is God. Many scientists, and those that have a logical brain eventually come to the conclusion that God is the only rational
explanation.

———————————————

God, schmod. Any technology sufficiently advanced is indistinguishable from magic.

Think about this: Humans currently have the technology and means to seed life on other planets. Since we can do this, there is no disputing that the same could have been done to earth.

#159 crazyfox on 12.13.19 at 3:20 pm

Stupid, divisive comment. Boris won because the anti-Brexit opposition was split and Corbyn is a dork. The UK remains as divided as ever. – Garth

There may not be a UK in the long run. There is a good chance of Scotland leaving the U.K. should Brexit happen with Northern Ireland and Wales potentially following Scotland’s lead, meaning no more U.K. once Brexit takes place. Me thinks the pound will likely take a bath with England headed for a prolonged economic recession if not outright depression. The EU will also take some kind of hit. It’s a good day for Putin though.

#160 YVR Expat on 12.13.19 at 3:29 pm

#156 Sail away on 12.13.19 at 3:12 pm
#147 Tommy Cat on 12.13.19 at 2:15 pm

Sail Away I was being sarcastic. The only explanation for everything around us is God. Many scientists, and those that have a logical brain eventually come to the conclusion that God is the only rational
explanation.

———————————————

God, schmod. Any technology sufficiently advanced is indistinguishable from magic.

Think about this: Humans currently have the technology and means to seed life on other planets. Since we can do this, there is no disputing that the same could have been done to earth.

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

And yet all the best science in the world is unable to create life…

#161 Blog Dog Ford on 12.13.19 at 3:34 pm

@#31 Ustabe on 12.12.19 at 6:09 pm

Not sure where you got that from? But your guy didn’t even get his named mentioned anywhere in the press.

https://www.cbc.ca/news/politics/scheer-conservative-leadership-contenders-1.5393809

https://www.thestar.com/politics/federal/2019/12/12/rona-ambrose-peter-mackay-erin-otoole-cited-as-possible-contenders-to-replace-andrew-scheer-as-conservative-leader.html

https://edmontonjournal.com/news/here-are-some-possible-contenders-to-replace-andrew-scheer-as-conservative-leader/wcm/22a0f755-2ff6-41ec-8900-d6d4ed7d7c57

https://www.theobserver.ca/news/here-are-some-possible-contenders-to-replace-andrew-scheer-as-conservative-leader/wcm/2480bcf7-c1e0-447c-9696-29ea8f5a9a87?video_autoplay=true

https://nationalpost.com/news/here-are-some-possible-contenders-to-replace-andrew-scheer-as-conservative-leader

https://calgarysun.com/news/local-news/calgary-conservatives-dont-expect-big-rush-to-select-next-federal-party-leader/wcm/a242dd79-84bc-4c8a-971b-ee53a701c0ba

#162 Tommy Cat on 12.13.19 at 3:47 pm

Sail Away. Believe what you want. In the 1960s Time asked in God was dead. They believed that it was only a matter of time until we found other life with SETI. As the decades past, and we have found nothing. Many of the folks that didn’t believe have revised their thinking as a result. Anyone who sees the beauty in higher level math, physics or chemistry quickly comes to the conclsion that life is not random.

#163 Sail away on 12.13.19 at 5:28 pm

#158 YVR Expat on 12.13.19 at 3:29 pm
#156 Sail away on 12.13.19 at 3:12 pm
#147 Tommy Cat on 12.13.19 at 2:15 pm

Sail Away I was being sarcastic. The only explanation for everything around us is God. Many scientists, and those that have a logical brain eventually come to the conclusion that God is the only rational
explanation.
———————————————
God, schmod. Any technology sufficiently advanced is indistinguishable from magic.
Think about this: Humans currently have the technology and means to seed life on other planets. Since we can do this, there is no disputing that the same could have been done to earth.
********************
And yet all the best science in the world is unable to create life…

——————————–

Who’s to say our state of science is anything more than basic fumbling? A few thousand years ago, our ancestors were sitting in trees picking boogers- or maybe apples, depending on your belief system.

#164 SoggyShorts on 12.13.19 at 6:07 pm

#160 Tommy Cat on 12.13.19 at 3:47 pm
Sail Away. Believe what you want. In the 1960s Time asked in God was dead. They believed that it was only a matter of time until we found other life with SETI. As the decades past, and we have found nothing. Many of the folks that didn’t believe have revised their thinking as a result. Anyone who sees the beauty in higher level math, physics or chemistry quickly comes to the conclsion that life is not random.
******************
How does not finding other intelligent life yet prove a god?

There are only 2 possibilities:
1. There is no other life out there.
2. There is other life out there.

If there isn’t, and god is real, then how wasteful and stupid is his design? Billions and billions of stars in an ever-expanding universe with one random planet containing the only life?

Also, I refute your statements that “many” scientists believe in god, and that “anyone” looking at higher level math etc concludes a higher power with:
No, they don’t.

Equally well-sourced, equally valid.