The general

When the Iranian rockstar general was incinerated by a missile fired from the Reaper drone four days ago, a lot changed. Stocks fell, but hardly. Oil jumped. The traditional safe havens of gold and bonds saw an influx of worried money. All that was pretty predictable.

Less predictable was the reaction in Tehran, where the soldier was a symbol of national pride. So the assassination has galvanized the death-to-America sentiment. That was exacerbated when Trump upped the testosterone saying the US was targeting 52 sites in the country for obliteration, including cultural and historic monuments. That’s what the Taliban did. It’s a war crime. Now Iranians are even more galvanized.

Whether the US was justified in taking out a bad guy leader on foreign soil is beyond the ken of even this omniscient blog. So let’s just deal with the fallout. What’s it mean for your mortgage, TFSA, gas and the price of dog kibble?

Stocks
The year/year gain for the S&P 500 was a whopping 26% when markets opened Monday. Bay Street had added almost 18% and the Dow was up 21%. So what did the general’s demise do to investors? To your RRSP? Nothing actually. But if you owned energy issues, or gold-related stuff, you made money. Apple set a new record high on Monday, and we got word the Chinese are going to the States on January 15th to sign off on that trade deal.

The bottom line: turn off CNN, CBC news and BNN. The talking heads are trying to scare you into trades. Mr. Market digested it all before breakfast. Nothingburger.

Oil and energy
On news of the attack Brent crude spiked to seventy bucks. West Texas Intermediate (WTI) – the benchmark – jumped to almost $65 a barrel, then retreated. It’s below the level of last Spring, but still up about 30% over the past year. Cheap gas is apparently over. But you knew that.

Rates
When stuff happens and stocks are at record highs, a certain whack of money goes looking for safer places. Like bonds. The increased demand for debt pushes prices higher, meaning yields tank by a similar degree. (Bond prices and yields move in the opposite direction, like when I tell my Chow to come.) This is exactly what happened to Government of Canada 5-year paper, as you can see here:

Flight to safety: Bond prices up, yields down

If bond yields stay down then long-term, fixed-rate mortgages will follow. But this is not at all certain, given that stock markets actually gained a little after the attack and are expected to once again achieve record highs. Money will flow back into equities. Bond prices will drop. If the bank gives you a good mortgage rate, you should still lock in.

Trump
So he’s being a big bully, which distracts from the impeachment process, energizes his xenophobic and ravenous base and ensures more millions pour into his election war chest while the lefty Dems flop around. In short nothing changes. Unless the president starts blowing up priceless cultural sites, inflames anti-US passion to a boil and moves to a war footing. Is he that dumb?

Beats me. I just come here for the dog pix.

Of course if Trump does start a new war, it will be an inflation machine. Billions will be spent shipping back to the region all that military hardware that was just shipped home. Meanwhile oil prices would spike dramatically – think a hundred bucks – doubling the price of gasoline, likely prompting the Fed to hike rates so the economy doesn’t run too hot. A Middle East crisis would draw in Iran, Iraq, Yemen, Syria, Turkey, Israel, Putin and end badly. The president who won in 2016 by promising an end to endless foreign wars would just have extended the ongoing one… endlessly with a new one.

Not only would we have $100 oil, two-buck-a-litre gas, higher mortgage rates and more stress, but the November presidential election outcome would cloud fast. These days Mr. Market thinks Trump is a shoo-in. If 52 sites in Iran are bombed capriciously, well, all bets are off. History will judge him a foreign policy moron.

But that won’t happen, says Wall Street. Nothing to see here. Move along. Just Trump being Trump.

The needle barely moved for stocks on Monday. In a week traders will forget how to spell Qassem Soleimani. The focus will be on the China trade deal next Wednesday. Making dough. The street has momentum, enthusiasm, direction and speed, it seems. “As the markets have the attention span of a 10-year-old, any geopolitical risk premium is likely to fade if there is no immediate evidence of escalation,” says one equity veteran.

Assassination from the sky, throngs in the street, nukes, rockets, gloats on Twittter and higher stocks. Nothing matters. What a world.

 

122 comments ↓

#1 Dave on 01.06.20 at 4:30 pm

USA has been looking for a war with Iran for decades…it will be ugly…thus no president has really touched it like Trump.

Iran’s leader was shown crying…he is looking for emotional response from his people so that all 80M are behind him on this war.

I dont think it will be WW3 but it will be a hot war limited regionally. Of course the oil tanker traffic thru the straight of Hormuz will be reduced enough for global impact. Inflation and interest hikes are 100% certain.

Sky isn’t falling but sadly lots of blood shed ahead

#2 SS in MTL on 01.06.20 at 4:33 pm

You keep saying Trump is a shoe-in but all prediction markets I’ve seen these past few months have him at 50-50.

https://www.predictit.org/markets/detail/3698/Who-will-win-the-2020-US-presidential-election

He’s only a shoe-in if Sanders wins the nomination.

#3 Sunshine on 01.06.20 at 4:34 pm

First

#4 Simon on 01.06.20 at 4:34 pm

Is he that dumb?
———-
His followers for sure.

#5 Dutchy on 01.06.20 at 4:48 pm

So, who appears to be the smarter one now ??

Of course one has about 2000 years of history the other only about 200 !!

#6 Paddy on 01.06.20 at 4:50 pm

Possible 2$/litre for gas!!!??? Lord thundering!!! Glad I ditched my gas guzzling pickup for a cool Toyota 4 banger last year.

#7 Jager on 01.06.20 at 4:50 pm

“Less predictable was the reaction in Tehran, where the soldier was a symbol of national pride.”

Only to the government and a given portion of the population. Start asking Iranian expats living in Thornhill how they feel about the regime? A regime that publically hangs practicing non-heteros who do not sex change.
Further, how easy is it to celebrate in mass (at this early stage) when torture and or a noose await?

“Trump upped the testosterone saying the US was targeting 52 sites in the country for obliteration, including cultural and historic monuments. That’s what the Taliban did. It’s a war crime…”
He hasn’t done it yet but President Obama authorized the following drone strikes. Stats here:

The 542 drone strikes that Obama authorized killed an estimated 3,797 people, including 324 civilians. As he reportedly told senior aides in 2011: “Turns out I’m really good at killing people. Didn’t know that was gonna be a strong suit of mine.”
https://www.cfr.org/blog/obamas-final-drone-strike-data

Note: Historic/cultural monuments were bombed throughout Europe during the 2nd World War by the allies. Cologne was purposely firebombed killing an approximate 20,000 mostly civilians….

Etc, etc, etc

#8 MF on 01.06.20 at 4:55 pm

1 Dave on 01.06.20 at 4:30

No Iran got what they wanted.

They’ve been trying to provoke a war by supporting “proxies” for decades.

They focused on little Israel first, but failed. Mostly because Israel 1. Is too strong and 2. has found allies in many Arab states facing a similar threat. So when Israel responded to the threat the usual, rallying against the “evil zionists” did not occur. The Mideast has moved past that and has reorganized.

So the new focus was on instigating Saudi and other Arab targets in Syria, Lebanon and Iraq. This last few times they pushed a little far and an American lost his life.

MF

#9 Smartalox on 01.06.20 at 4:57 pm

The nice thing about Trump, is that he’s already tweeted to the world exactly what he will do next. Kind of like watching TV re-runs!
https://www.rollingstone.com/politics/politics-news/trump-warned-president-start-war-iran-reelected-933391/

#10 Sold Out on 01.06.20 at 4:57 pm

I like that the Iranian leaders have been very clear about targeting Trump and his cabinet, not threatening Americans in general or their allies(if any are left). Thus begins the national and international isolation of Trump and the GOP.

No foreign leaders are rushing to support the US position. With no Tony Blair this time around, the Yanks are on their own. It may just be dawning on Trump that he alone is going to have to own the outcome of this foreign policy misadventure.

Impeachment is not enough distinction for him; he’s going for a command performance at the Hague. It’s not just for African despots and Serbian warlords anymore.

#11 Ed on 01.06.20 at 5:13 pm

Qassem Soleimani was a murderous a__hole and thankfully someone fixed his wagon. Glad someone is trying to protect lives over there unlike our coward in chief that lets innocent Canadians languish in Chinese jail.

#12 G on 01.06.20 at 5:16 pm

War always does bad thinks to fellow human beings, all sides.
Why can’t we all just get along?
Hopefully cooler heads will prevail.
I agree, “turn off CNN, CBC news and BNN.” it makes life easier and less stressfully.
Most of us can’t do much about it anyway.

#13 SunShowers on 01.06.20 at 5:19 pm

#2 SS in MTL on 01.06.20 at 4:33 pm

Ah yes, Trump is a shoe-in unless he goes up against the only person who’s been consistently beating him in the polls for the last 5 years.

#14 SunShowers on 01.06.20 at 5:21 pm

“The bedrock premise of American political culture is that the US can go anywhere on earth and kill as many people as it wants, and it’s fundamentally illegitimate for anyone to fight back.” – Jon Schwarz

#15 Camille Bourbonnais on 01.06.20 at 5:23 pm

Stocks are not reacting much, they’re not reacting to anything much except the central bank. Bonds are more volatile than before, but they stay range bound. Some inflation reaction maybe, commodities, gold and tips. Stocks probably place to be, but not much more return since the big moves last year. Dollar up some. Stay very invested in a very diversified portfolio.

#16 Joe Schmoe on 01.06.20 at 5:24 pm

#6

I can’t tell if you are being sarcastic?

I did the mileage analysis on my F150 vs wife’s Escape.

Fuel costs on the year were irrelevant…it’s about how much you drive more than the mileage.

25% reduction on fuel economy less SEEMS like a lot, but it isn’t.

$3000 vs $2200…
Double that and would be 6000 vs 4400…an unlucky windshield mishap and a flat tire.

#17 Smartalox on 01.06.20 at 5:26 pm

Fun Side-Effect anticipated for any renewed war in the middle East:

No chance in hell that the emissions targets required to mitigate the potential effects of climate change will EVER be met.

#18 yorkville renter on 01.06.20 at 5:26 pm

A roller coaster starts and stops at the same level but has many ups and downs along the way… the market today was similar methinks.

#19 MF on 01.06.20 at 5:28 pm

#10 Sold Out on 01.06.20 at 4:57 pm

“I like that the Iranian leaders have been very clear about targeting Trump and his cabinet, not threatening Americans in general or their allies(if any are left).”

-I like how you are dumb enough to believe that. They’ve been targetting American and “other” civilians for decades already. This time they got caught.

But that’s okay for you i guess…

MF

#20 Grunt on 01.06.20 at 5:48 pm

Garth hits it on the head. Impeachment distraction. Generals are replaceable. Foolish move though. Think the other way. A US general assassinated by Iranian drone. Get the picture?

#21 Doug in London on 01.06.20 at 5:52 pm

I have absolutely no idea how this business with Iran will play out. However if it does escalate, there could be some buying and selling opportunities. As Warren Buffett said: never let a crisis go to waste. So, did anyone scoop up some XEG when it was on sale and was getting about as much attention as the program of events for the 1964 Tillsonburg Fall Fair?

#22 Doug t on 01.06.20 at 5:53 pm

Humans have lost their way – or perhaps this is the natural course of things for the species – we no longer cower and pray to heavenly gods for guidance – we now are so wired with technology and the desire to consume more of it all the time that we are LOST. there is no hitting the perverbial brake either – so we continue on this path of destruction til a reset occurs :)

#23 Doug in London on 01.06.20 at 5:56 pm

Possible 2$/litre for gas!!!??? Lord thundering!!! Glad I ditched my gas guzzling pickup for a cool Toyota 4 banger last year.
—————————————————————
When not driving my fuel sipping Honda, I’ll see how well I can handle my mountain bike in ice and snow.

#24 Generation 2010 on 01.06.20 at 5:58 pm

“Meanwhile oil prices would spike dramatically – think a hundred bucks – doubling the price of gasoline, likely prompting the Fed to hike rates so the economy doesn’t run too hot.”

I can’t wait if Poloz is stuck with either a 50 cent Loonie or a real estate mortgage meltdown in Toronto.

I just bought some popcorn Mr. Boomer! I also commented on my Generation Snowflake teacher’s nudes on Instagram.

#25 SS in MTL on 01.06.20 at 6:03 pm

#13 SunShowers

Demonstrably false. Biden has constantly had the largest lead, although yes Sanders had a couple of good ones.

If you think the GOP was unfair to Clinton, wait til they dig into Sanders’ closet in a presidential contest (even if most of it will be made up). Klobuchar/Buttigieg would probably be the safest bets to win it in November.

#26 Dazed & CONfused on 01.06.20 at 6:06 pm

Guess the Navy is going to have to dredge the ocean for that algae-covered “Mission Accomplished” banner.

#27 Tyberius on 01.06.20 at 6:07 pm

“Assassination from the sky, throngs in the street, nukes, rockets, gloats on Twittter and higher stocks. Nothing matters. What a world.”

Nothing matters??

I tend to side with the notion that EVERYTHING matters; it’s just not self-evident right away. And that’s what makes timing the markets so difficult (or near impossible).

#28 The Wet One on 01.06.20 at 6:16 pm

You forgot that war in the Middle East and $100 oil is good for Alberta and good for Canada as it reaffirms the soundness of investing in this stable, peaceful part of the world.

#29 BS on 01.06.20 at 6:23 pm

Everyone can read Trumps tweet. No need to completely make stuff up.

Trump did what needed to be done. What Obama failed miserably at. The US has been under attack by Iran for 40 years. Enough was enough. Trump has shown already how he can take down a terrorist network in months (not a generation and Obama claimed was necessary).

I think Little Rocket Man and a few other dictators also took notice. Where is that Christmas present?

#30 Linda on 01.06.20 at 6:24 pm

I think Garth struck the nail on the head when he made the connection between the recent drone death strike & the impeachment. I’ve little doubt Trump will destroy cultural sites/declare war etc. if it ensures that the impeachment process becomes yesterdays news. As a certain cartoon character said, ‘Never bet against a cornered rat’.

#31 Andrew on 01.06.20 at 6:32 pm

Any particular reason one should avoid diversifying their preferreds some US preferreds? The yields seem appealing or is there more risk imbedded somewhere? Assume there must be a reason or else you would have discussed them as an option. Thanks!

#32 fishman on 01.06.20 at 6:37 pm

I don’t think Soleimani was incinerated, more likely chopped up.They’ve got a new missile that opens up knives like a whirling food processor upon impact. Eliminates collateral damage.The car was burning but looked more or less intact.
I’d bet the fire was a gasoline fire from the fuel lines & fuel tank ignited by sparks from the whirling blades.

#33 Shirl Clarts on 01.06.20 at 6:43 pm

Wow, you people in the comment section eat a lot of popcorn!

Do y’all even read the blog???

Greater Fool Menu:
—————————-
Nothing Burger $0.00
Popcorn $8.00
—————————-
(Try the Nothing Burger. It’s a bargain!)

#34 Yukon Elvis on 01.06.20 at 6:43 pm

After killing the American contractor and wounding others last week General Soleimani demanded a pallet of cash like the one Obama sent. Trump said ok meet me at the airport at midnight. Boom. The rest is history.

#35 SunShowers on 01.06.20 at 6:44 pm

#25 SS in MTL on 01.06.20 at 6:03 pm

There is nothing that the GOP could throw at Sanders that the Dems haven’t already.

#36 Long-Time Lurker on 01.06.20 at 6:54 pm

So is it like we’re living in an non-comedic episode of The 70’s Show?

#37 Ray on 01.06.20 at 6:54 pm

I will be investing in Tesla. I think in 10 years the stock will be up 5-fold, perhaps 10. I think by 2030, 50% of the cars produced will be electric, and of that Tesla will be 80% of the electric vehicle market. I think it will be more fundamental than “Apple “of last decade. Elon Musk’s vision is to help humanity divert a climate disaster by providing an alternative to petroleum through autonomous electric cars, but more important by inexpensive, reliable renewable batteries. I believe Tesla is the sharp hard point of a spear that will lance and deflate the Internal Combustion Engine auto industry as we know it, the trucking industry ( think of “Robo Electric Truck Tractors” that can be summoned by an app, and rented on a mileage basis). The Auto service industries (Oil change, brake, highway fuel stops/restaurants, even auto insurance because autonomous vehicle are fleet owned and will be 10X safer. The ‘GiGA” factory in Nevada will be the largest producer of batteries. This will not only supply the demand for the electric cars, but also the batteries will be used for renewable energy power utilities. Currently, when power is produced by a wind turbine or solar panel, the power must be fed immediately into the power grid. Tesla will market a “Sea Container “size batteries that will be used by the wind farms to store the produced energy when made, and then feed it back into the grid as needed. Battery technology is the last big breakthrough needed for all renewable energy to be useful, Tesla is by far ahead of other battery manufactures. Battery technology will soon reach the energy / weight ratio to allow for commercial airplanes to use electric fan motors in lieu of jet propulsion. (About 500-600 watt- hours / kg). This will also give the electric cars a 500-1,000 mi range. The big difference between Elon Musk and other guys with big ideas is, he seems to be able makes them happen.

#38 Sold Out on 01.06.20 at 6:55 pm

#19 MF on 01.06.20 at 5:28 pm
#10 Sold Out on 01.06.20 at 4:57 pm

“I like that the Iranian leaders have been very clear about targeting Trump and his cabinet, not threatening Americans in general or their allies(if any are left).”

-I like how you are dumb enough to believe that. They’ve been targetting American and “other” civilians for decades already. This time they got caught.

But that’s okay for you i guess…

MF

…………………

Perhaps the US should stop sending its citizens to fight based on fabricated charges (WMDs in Iraq, Iran and Suleiman were responsible for 9/11) .

The deaths of American forces, and US mercenaries, are inevitable as long as the US meddles in the ME. Putting US lives at risk for oil is solely on the US.

#39 Long-Time Lurker on 01.06.20 at 6:56 pm

>The firebugs of climate change.

Dozens of firebugs blamed for destructive Queensland fires
By Robyn Wuth
December 20, 2019 — 8.40pm

Almost 100 firebugs have deliberately started blazes across Queensland that have destroyed homes and consumed thousands of hectares of bushland.

Some 65 fires continued to burn across the state on Friday, jumping from 55 reported on Thursday, as the fire threat deepened heading into the weekend.

A teenager was charged over this devastating bushfire in Cobraball, on the central Queensland coast near Yeppoon and Rockhampton.

As firefighters remained on high alert, police revealed 103 of the destructive fires that had lashed Queensland since September were deliberately lit.

Figures obtained by AAP revealed police had dealt with 98 people – 31 adults and 67 juveniles – for deliberately setting fires.

A 16-year-old boy found to have started a fire that razed 14 homes in central Queensland and dealt with under the state’s Youth Justice Act.

Two more teens, 14 and 15, were charged with endangering property by fire over a blaze that destroyed two homes and forced hundreds to flee.

More than 120 fires are still being investigated and more people could be charged….

https://www.brisbanetimes.com.au/national/queensland/dozens-of-firebugs-blamed-for-destructive-queensland-fires-20191220-p53m1i.html

#40 Long-Time Lurker on 01.06.20 at 6:57 pm

>NoName might find this interesting: evidence for the ether.

…“I believe that I have really found the relationship between gravitation and electricity, assuming that the Miller experiments are based on a fundamental error. Otherwise, the whole relativity theory collapses like a house of cards.”
— Albert Einstein, letter to Robert Millikan June 1921

By conventional physics, we are informed in every textbook that the cosmic ether of space is an archaic theory once widely held, but was discarded after Michelson-Morley failed to detect it in 1887, with their new optical interferometer device. We are instructed, they obtained only a “null” or “zero” result. Nearly every student and professor today knows this, and repeats it as gospel.

But is this narrative true?

No, it is not, and an unbiased review of the original published papers on the subject of cosmic ether exposes this untruth, and how the astrophysical “emperors” wear no clothes…

…How was it, that the six hours of data collection on four days in 1887 were misinterpreted and misreported as “null”, and then considered sufficiently robust for the majority of scientists – particularly the physics Mandarins in Europe – to push for and embrace the subsequent radical shifts towards “empty space” theory which dominated the 20th and 21st Century conceptions of the universe?

If Michelson-Morley was deemed “robust” for a false negative conclusion, then why was Miller’s even better and more significant positive conclusion dismissed as “not robust”? Why is his work nearly erased from the history of science, and rarely mentioned today?….

https://principia-scientific.org/part-1-the-dynamic-ether-of-cosmic-space-correcting-a-major-error-in-modern-science/

#41 Jacques Shellacque on 01.06.20 at 6:59 pm

Predictions are dicey, but the Iranian regime is in a precarious place and msy not be able to do much about it. This is a country that produces almost nothing of economic value yet has a population of 80 million mostly young people. If you subtract the billions the mullahs skim off the top for themselves a plus what they waste on foreign adventures, that leaves a populace with little for them. They know it, and know why. There may be reasons to avoid conflict, but Iran’s ability to sustainably fight isn’t one.

#42 Bob Dog on 01.06.20 at 7:08 pm

Iran considers the assassination and act of war. Your portfolio remains unchanged because there has been no response yet.

The obvious response will be shutting down oil tankers moving through the gulf. What is the best way to invest in skyrocketing oil prices?

#43 ole Doberman on 01.06.20 at 7:10 pm

Gartho what about the repo crisis, this has the potential to kick us back to 2008 in a heart beat. No one is talking about it cause few understand it:

https://www.armstrongeconomics.com/markets-by-sector/bonds/repo-crisis-3/

#44 crowdedelevatorfartz on 01.06.20 at 7:24 pm

@#138 Sold Out
“The retired Boomer will be replaced by an unpaid, p/t intern with a PhD”
******

Sitting at a desk……in India.

#45 Dave on 01.06.20 at 7:29 pm

Garth, you look a little bit like Ricky Gervais

#46 akashic record on 01.06.20 at 7:29 pm

The “Iranian rockstar general” was in charge of covert military actions in Syria, Iraq, Lebanon, Libya, some of them allegedly killed 600 Americans – among others, on behalf of a regime, lead by radical religious leaders, who think they are doing G_ds work by planning to erase an entire country.

I doubt that presidents themselves put together a list of military retaliation targets.

It is much more likely that this is a task for Pentagon, state department, etc. bureaucrats. Some of them might take a chance that Trump wouldn’t go through the list one by one, so he can be compared to war criminal ISIS, like here tonight.

#47 crowdedelevatorfartz on 01.06.20 at 7:32 pm

@#118 Sunshowers
“We’re coming for your assets.”
+++++

Bwahahahaha.
Reading and comprehension difficult for you?

Newsflash!
Most Boomers are heavily in Debt and dont have any assets………

Ahahahahahahahahaha!

#48 crowdedelevatorfartz on 01.06.20 at 7:38 pm

DELETED

#49 Ray on 01.06.20 at 7:58 pm

#40 Long-Time Lurker :
There has not been an experiment yet that disproves either the Special or the General Theory of Relativity . Both of those were germinated by the null result of the Michelson / Morly experiment. When Einstein published his theories, he was ridiculed by many scientists who believed in Isaac Newton.

#50 MF on 01.06.20 at 8:02 pm

#14 SunShowers on 01.06.20 at 5:21 pm

…Wait…

So the SJW leftists are now on the side of the fundamentalist Iranian regime?

I guess that makes sense.

And LOL at this poster for saying some poll indicates Trump will lose. Did these people not learn anything from 2016? Obviously not.

Anyone want to make money? Look at what that poll predicts, and bet the other way. Guaranteed win.

MF

#51 akashic record on 01.06.20 at 8:04 pm

#48 crowdedelevatorfartz on 01.06.20 at 7:38 pm

DELETED

Anti-gravitational event detected in the elevator.

#52 conan on 01.06.20 at 8:08 pm

Nothing less than another trillion dollar error from the Trumpster. If he had read some history , he never would have given Iran a martyr.
I have no problem in saying, that it is literally a coin flip, whether the people of Iraq, rise up in the thousands, and
start storming the allied bases stationed there.

#53 Mossy on 01.06.20 at 8:18 pm

SHOO-IN guys, SHOO-IN!

Not “shoe-in.”

Signed,
An immigrant whose first language is not English

#54 Brian Ripley on 01.06.20 at 8:58 pm

My CAD Yield Curve chart is up:
http://www.chpc.biz/yield-curve.html

In December 2019 the 10yr less 2yr spread remained inverted for the 6th consecutive month with a 6 beep negative print (inversion spread in 2019: JUL 6 bps, AUG 20 bps, SEP 19 bps, OCT 11 bps, NOV 13 bps, DEC 6 bps).

We know that yield inversion is not always a precursor to recession threat, but the signs are there for a trend change as the TSX Real Estate Index Y/Y momentum continues printing higher highs since late 2017 (plotted on the same chart).

#55 Jager on 01.06.20 at 9:07 pm

“So he’s being a big bully, which distracts from the impeachment process, energizes his xenophobic and ravenous base…”

Haven’t you always lived in a white enclave in Canada? Perhaps that’s xenophobic as well? Why not reside at say Birchmount & Sheppard Avenue in Toronto? You’ll clearly be the visible minority and an excitingly different culture awaits you! Live the experience as I do.

Calling Trumps supporters xenophobic is undoubtedly a desperate case of jealousy for the President.

Get back to us when you know what the word means. – Garth

#56 Nonplused on 01.06.20 at 9:30 pm

Trump did not devise the strike against Soleimani, that was the military/industrial/banking nexus and they have been planning something like this for years. Trump only got to stamp it with his approval to look tough. I wouldn’t be surprised if it was already ordered by the time he found out about it, and at best he could have called it off.

Why do I think this? Look at how horrible his tweets were afterwards. Clearly he didn’t have time to think about them and was going on someone else’s talking points. His tweets are normally short, funny in a Ricky Gervais kind of way, and pretty much don’t contain a lot of content. They are roasts, like the roast of himself for charity that happened well before he ran for president. Clearly there has been a big departure from his usual communication style and even Scott Adams noticed it in length. As Scott says, it was bad. Nothing like what he normally tweets.

There are conflicting views as to what was said as well. Trump threatened “cultural sites”. But Pompeo said all targets will be legal. How can we explain the difference? Could it be that Iran has positioned tanks and missile launchers right beside mosques and hospitals and schools as Saddam did, and the Americans know it from satellite photography? Possible. If so, the message should be more clearly interpreted as “get that stuff out in the open because we don’t care about collateral damage if there is a military target sitting next to the mosque”. I can’t see why the US army would waste a multi-million dollar cruise missile on a mosque if there wasn’t a missile launcher in the parking lot. War has economics too. You need to accomplish your objectives at the least possible cost as it applies to all endeavors. Even Porsche buyers do this, but realize their goal is to upgrade to trophy wife 3.0, not to get an affordable and reliable car. They are thinking with their gonads. But they are still running the numbers.

Remember folks, Trump is just one man, and a president is not an emperor. There is a lot of things going on behind the scenes and a lot of people involved. Even if Trump ordered an attack on a mosque, which would be a war crime, the chain of command does not have to follow that order. But if they already know there is a missile launcher in the parking lot and the collateral damage would take out the mosque or the missile or bomb might miss by a bit, it is a legitimate target. Trying to protect your tanks by parking them next to a school is dirty warfare, as Saddam found out. The military target will be hit no matter where it is or what it is next to. It’s called “using human shields”. It is unfortunate, but it is the people that put the tanks next to the school that are responsible for the results.

Also if you ever see a tank or missile launcher parked in you kid’s school parking lot, keep him/her home for the day. Actually until it’s gone.

————–

On the same note, a story of mine. I was taking my kids camping in Kananaskis one year, same year it happened that George Bush II was flying in by helicopter for some kind of meeting. I did not know. But I did notice missile (anti-aircraft) parked here and there as we went in pulling a tent trailer. Weird. Never seen that before or since. So we had our weekend of camping fun, and then wen to go home. Road block. The polite army guy with the assault rifle backed up by several other people with assault riffles said I could continue home if I subjected to a full strip down search of the vehicle and the trailer. I’ve heard how that goes, you have to put it back together yourself, they only take it apart. So I asked what my alternative was. Well, turn around and go a different way. The available alternate way was a gravel road that ended up in Canmore. All that dust is not good for a pop-up trailer, but is was either that or not go home. But this is the kind of thing you face when a normally regular ski/golf/hotel environment gets militarized. Bush II was going to be flying in by helicopter, so no locals were allowed in the valley. Did the Ramada become a cultural target? I don’t know but it’s never been so protected before or since.

#57 akashic record on 01.06.20 at 9:48 pm

#55 Jager

Trump has an irrational fear of the ancient Mesopotamian civilizations, as depicted by The Epic of Gilgamesh.

https://www.youtube.com/watch?v=LLHsu1b9vwg

Gateway to the Annunaki

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

#58 canuck on 01.06.20 at 9:49 pm

I appreciate Garth triggering his liberal fans tonight. Always good for a laugh.

BTW, Not wanting immigrants entering a country illegally doesn’t make you xenophobic. I haven’t read or seen any comment by Trump stating prejudice or hatred towards any particular country.

#59 William R Drury on 01.06.20 at 10:14 pm

DELETED

#60 Cowtown Cowboy on 01.06.20 at 10:20 pm

Wow, did McDavid make tuhrahna look silly tonight!

#61 CEW9 on 01.06.20 at 10:21 pm

#31 Andrew on 01.06.20 at 6:32 pm

Any particular reason one should avoid diversifying their preferreds some US preferreds? The yields seem appealing or is there more risk imbedded somewhere? Assume there must be a reason or else you would have discussed them as an option. Thanks!

* * * * * * *

There is more risk. Some of them are:
1. Currency risk (US/CAD ratio)
2. US Monetary Policy risk
3. US market risk (it is preferred ‘stock’ after all)

…and in addition, they are not eligible for the Canadian Dividend Tax Credit. I believe they are also subject to the 15% US Witholding Tax. So a few less tax benefits.

There is probably more, I don’t know. But that is what I work with.

If you know all the risks and want to go for it, then giv’r.

#62 SimplyPut7 on 01.06.20 at 10:35 pm

I’m not worried about Trump or any actions the US government may take against Iran in the future.

Worst case scenario, the US authorizes a draft and all healthy male 18 to 25 years old who signed up for a federal student loan can go fight in Trump’s war as agreed upon in the fine print of their contract with the US government.

Easy Peasy.

https://www.cnbc.com/2020/01/03/why-is-fafsa-tied-to-the-draft-and-military-service.html

https://www.cbsnews.com/news/military-draft-united-states-college-students-loan-fafsa-selective-service/

#63 Sail Away on 01.06.20 at 10:38 pm

The Finns have a saying that happiness is found between too much and too little.

What do think? Are most of us there?

#64 Cecil Rhodes on 01.06.20 at 11:12 pm

DELETED

#65 Not So New guy on 01.06.20 at 11:25 pm

People say this is about the shale oil and getting them up to prices where the companies are viable.

I think we need to take one step back and see that it was the bankers and their loans to those drillers that were about to collapse. So getting the price of oil is not about bailing out the drillers but the bankers behind them

As usual.

Pretty much everywhere you see corruption in economic action by governments, there is a banker standing in the shadows getting bailed out or standing to benefit :(

#66 Jager on 01.06.20 at 11:26 pm

#55 Jager on 01.06.20 at 9:07 pm

“Get back to us when you know what the word means.
– Garth“

Which denotation (or connotation) are you referring?

Dictionary definitions of xenophobia include: “deep-rooted fear towards foreigners” (Oxford English Dictionary; OED), and “fear of the unfamiliar” (Webster’s).[6] The word comes from the Ancient Greek words ξένος (xenos), meaning “strange”, “foreigner”, and φόβος (phobos), meaning “fear”.[7]

foreigner
[ˈfôrənər]
NOUN
foreigners (plural noun)
a person born in or coming from a country other than one’s own.

informal

a person not belonging to a particular place or group; a stranger or outsider.

Wiki (cough) suggests the following:

Xenophobia is the fear or hatred of that which is perceived to be foreign or strange.[1][2][3] Xenophobia can involve perceptions of an ingroup toward an outgroup and can manifest itself in suspicion of the activities of others, and a desire to eliminate their presence to secure a presumed purity and may relate to a fear of losing national, ethnic or racial identity.[4]
Xenophobia can also be exhibited in the form of an “uncritical exaltation of another culture” in which a culture is ascribed “an unreal, stereotyped and exotic quality”.[4] According to UNESCO, the terms xenophobia and racism often overlap, but differ in how the latter encompasses a prejudice based on physical characteristics while the former is generally centered on behavior stemming from the notion of a specified group being adverse to the culture or nation.

#67 Spectacle on 01.06.20 at 11:29 pm

52#. conan on 01.06.20 at 8:08 pm
Nothing less than another trillion dollar error from the Trumpster. If he had read some history , he never would have given Iran a martyr.
I have no problem in saying, that it is literally a coin flip, whether the people of Iraq, rise up in the thousands, and
start storming the allied bases stationed there.
—————————- Just a Thought ……. ——-

Having watched actual Video footage of Drone “Resolution” , ( try Youtube for starters) a single Drone directed by a US Man/woman could easily fend off exactly such misadventures. Drones are feared, and can cover large areas and multiple targets ; Trucks, cars, groups, individuals dispersed over large areas. It is truly a horrifying yet fantastic experience to witness. Any attack not desired by the U.S., on its foreign assets will be turned into bug food. You can watch the stock of such companies over the next few days.

Stay invested, diversified, balanced ( & level headed).

Agree with your point about Trumps historical observations, but He tends to be on The other Side of History, and prefer to make it his own. Watch next few months to lead up to Elections, like a Boss!

#68 Not So New guy on 01.06.20 at 11:43 pm

This is not so much about Iran. It is more about the two elephants that stand behind them. Namely, Russia and China. If they start funneling weapons to the Iranian regime, then the US is in for a world of difficulty

This is all playing out like a scenario in Sun Tzu and it looks like one of the two elephants is using Iran to weaken US military strength

#69 crowdedelevatorfartz on 01.06.20 at 11:57 pm

@#51 Akashic record
“Anti-gravitational event detected in the elevator.’

+++++
:)
Every once in a Blue Moon …. I EARN my “deleted”…. and, oddly enough, I was sober this time…….

#70 Future Expatriate on 01.07.20 at 12:00 am

Told ya he was an insane imbecile.

This will end well.

#71 leebow on 01.07.20 at 12:24 am

The guy alive was worth to Iran less than the guy dead. A very very foolish PR stunt by President Trump.

Now watch Iranians troll him until he goes totally cray cray. He doesn’t handle pressure well.

#72 Gregg in Victoria on 01.07.20 at 1:27 am

The bottom line: turn off CNN, CBC news and BNN.

That just leaves Fox News – and this blog, of course!

#73 Damifino on 01.07.20 at 1:40 am

#49 Ray

When Einstein published his theories, he was ridiculed by many scientists who believed in Isaac Newton.
——————————–

No doubt. But Issac Newton was not wrong. He was merely incomplete. The wonderful thing about science is that theories found lacking get modified to allow more accurate predictions based upon advanced measurement techniques and new data.

For 99.9% of every physical thing humans do, relativistic effects may be safely ignored, with Newton’s three laws of motion sufficing quite nicely.

Einstein is also incomplete. It’s a process. There likely is no ‘end game’. Best to flow with it.

#74 BobC on 01.07.20 at 1:45 am

I have to agree. The General was a nice guy. He didn’t kill that many people. We should have flown in more pallets of cash.

#75 NoName on 01.07.20 at 2:14 am

#40 Long-Time Lurker on 01.06.20 at 6:57 pm

Yes, it’s interesting read, that thing is a way over my head but i managed to finish reading it.

Funny thing is of open Webster Miriam and look under ether it’s described as space between noname ears, just keep this between two of us, don’t tell others.

Thank you, for an article.

#76 NoName on 01.07.20 at 2:25 am

#51 akashic record on 01.06.20 at 8:04 pm
#48 crowdedelevatorfartz on 01.06.20 at 7:38 pm

DELETED

Anti-gravitational event detected in the elevator.

I’d like to see this delete, it was probably funnier than others.

#77 The All-Seeing Eye on 01.07.20 at 3:10 am

So here is something that happened to me and my wife today. Our printer won’t work anymore because HP no longer supports it (apparently you get 7 years and then it’s done) and we can’t get new ink cartridges and it won’t recognize refills.

So I sent a photo to my wife of a new printer price tag at Costco that doesn’t use cartridges and asked if she wanted it. I never mentioned it buy name it was just a photo of the price tag, which had the name but that should have been a .gif file or something similar, not text. There was no text discussed between us that mentioned the name of the printer or manufacturer.

She says instantly Spotify, which she was listening to, started playing ads for that particular printer brand every ad cycle. That had never happened to her before.

So folks what I did was send her a photo of a Costco price sticker with no text mention of the product and her media transitioned to placing ads for the product. They can do visual identification from photos.

Folks, you need to realize that anything that goes through your phone or computer is being tracked, recorded, and analysed. They know where you have been, what you bought or even considered buying because you looked at an ad or photoed a price tag, what you read, and where you are and everywhere you went while your phone was on. The amount of data they are collecting on us is insane. They know more about you than you do. They probably know more than just where you’ve been, which I was disturbed to find out when I looked at the Google record, which knew everything. they also know what you think. And they know it better than you do. Yes, they do. They already know what you think better than you do. They can target ads in real time across platforms they know it so well.

Folks, it’s 1984. It’s actually worse. They know everything about you, because they have tracked everything you have ever done online. They also have all of your financial transactions. They have every joke or meme you posted on Facebook. They know everything. They did this for a reason, and it’s not just targeting ads. That was going on in the days of AM radio.

#78 Ponzius Pilatus on 01.07.20 at 7:27 am

#77
Folks, you need to realize that anything that goes through your phone or computer is being tracked, recorded, and analysed. They know where you have been, what you bought or even considered buying because you looked at an ad or photoed a price tag, what you read, and where you are and everywhere you went while your phone was on. The amount of data they are collecting on us is insane. They know more about you than you do. They probably know more than just where you’ve been, which I was disturbed to find out when I looked at the Google record, which knew everything. they also know what you think. And they know it better than you do. Yes, they do. They already know what you think better than you do. They can target ads in real time across platforms they know it so well.

Folks, it’s 1984. It’s actually worse. They know everything about you, because they have tracked everything you have ever done online. They also have all of your financial transactions. They have every joke or meme you posted on Facebook. They know everything. They did this for a reason, and it’s not just targeting ads. That was going on in the days of AM radio.
———-
Of course they know everything.
The good news is, if you got Alzheimer’s and get lost, they find you in a flash.

#79 akashic record on 01.07.20 at 7:27 am

#77 The All-Seeing Eye

At the first time it’s an interesting experience when during a phone call you start hearing the playback of the beginning of the conversation.

#80 Tater on 01.07.20 at 7:43 am

Amazing how many people are experts on a man who’s name they only learned this week.

#81 50 YEARS OF MAPLE LEAF INCOMPETENCE! on 01.07.20 at 7:50 am

Delusion fans of the Make Believes got to see what a real hockey team and hockey star does last night.

https://www.sportsnet.ca/hockey/nhl/keefe-cant-right-ship-leafs-blown-away-oilers-mcdavid/

Check out Connor’s solo goal – now THAT’s what a star does!

Perhaps Toronturds were too distracted to notice the game by the happy news that their politicians were about to evict homeless people from their life-saving camps. In the middle of January. After all, it should help boost Rosedale real estate values :)

https://www.cbc.ca/news/canada/toronto/toronto-homeless-sweep-mayor-homeless-advocates-1.5416934

What a big heart Toronto has.

And there hasn’t been a brutal murder there for hours.
Wow.

#82 Sail Away on 01.07.20 at 8:07 am

Wow, this blog is rampant with speculation. Regardless of what happened in Iran, there’s nothing we can do about it, and we definitely don’t know the whole story.

Some things to do that make sense:

-Watch sectors and areas that could be affected positively, particularly N. Amer oil, defense contractors, potash, Tesla
-As Garth mentions, ignore the news

#83 rosie on 01.07.20 at 9:09 am

#77 all seeing eye

Install an ad blocker on everything. Use private viewing mode when browsing. If your devices don’t allow that, get Apple stuff, it does.

#84 Dharma Bum on 01.07.20 at 9:18 am

Iran and its regime is a cancerous tumour on the world.

The world has been trying to treat it for a long time, but it keeps recurring.

Every once in a while it needs a blast of radiation or a dose of chemo or some surgery.

Think of this as just another treatment to eradicate the vile regime’s cancerous effect on the world.

Thank you, Doctor trump!

#85 Not So New guy on 01.07.20 at 9:35 am

#77 The All-Seeing Eye on 01.07.20 at 3:10 am

They already know what you think better than you do.

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

If they did then they wouldn’t be cramming those ads down my throat. Usually, the first thing I’ll do when the stalker ads start is make it a point of not buying the product that the stalker is pushing. If more of us did this maybe they would get the message

#86 Stan Brooks on 01.07.20 at 9:44 am

A world class city, indeed:

https://torontolife.com/city/rents-high-shelters-full-8700-torontonians-homeless/

#87 the Jaguar on 01.07.20 at 9:55 am

@#56 Nonplused on 01.06.20 at 9:30 pm

It wasn’t the ‘Ramada’, it was the Kananaskis Resort and it was the 28th G8 Summit, held nicely a stones throw from Calgary. The police ’rounded up the ‘usual suspects’ from Antifa groups as they arrived at the Calgary Airport and threw them in jail until the event was over. Forget what charges were laid, but it hardly matters. Oh me…….I long for the good ole’ days.

#88 Ponzius Pilatus on 01.07.20 at 10:03 am

Garth,
Your bunker ready yet?
You may need it.

#89 IHCTD9 on 01.07.20 at 10:12 am

#68 Not So New guy on 01.06.20 at 11:43 pm
This is not so much about Iran. It is more about the two elephants that stand behind them. Namely, Russia and China. If they start funneling weapons to the Iranian regime, then the US is in for a world of difficulty

This is all playing out like a scenario in Sun Tzu and it looks like one of the two elephants is using Iran to weaken US military strength.
___

Dude, this is hilarious. Iran is going to weaken the USA’s military strength? They may cause the US to expend some ordinance, but I would not call that a weakness.

It does not matter what Russia/China may “funnel” to Iran. If it’s not there already with Iranians fully trained in operation (like maybe Russia’s S-500 anti missile system), then the USA already knows what they got, and it just gets blown up like everything else.

With the USA’s stealth drones – they can basically fly into a country like Iran undetected by anti missile systems and ground radar – blow up whatever, and fly back out with the whole mission being “flown” by pilots 1000’s of miles away.

The US could paralyze Iran in under a week with near zero US casualties, and very low casualties to Iranian Citizens all things considered.

#90 Eks dee Siple on 01.07.20 at 10:16 am

Don’t tell me y’all are believing the Trump/Iran fairy tale of lies in the media? Nothing actually happened, people. Even Nonplused is starting to get it. The Western elite have been in control of Iran since the “Revolution”. These are actors being paid literally with pallets of cash. Play both sides to maintain the illusion (and military sales). Peace -XD

#91 Eks dee Siple on 01.07.20 at 10:23 am

#84 Dharma Bum on 01.07.20 at 9:18 am
Iran and its regime is a cancerous tumour on the world.
———————————————
No. Go love yourself. You are part of the problem. The people of Iran are just as deserving of life, liberty and pursuit of happiness as your sorry butt. Statism is the cancer.

#92 Eks dee Siple on 01.07.20 at 10:37 am

#77 All Seeing Eye… Don’t be such a schizoid. There are no such things as conspiracies. Go back to your wonderful job and never mind that the world’s economy is based on the exploitation, enslavement, oppression and destruction of its people and environment. And continue to censor/ridicule all those who oppose such systems of “legal” insanity. Don’t worry, it’s all good.

#93 Island Dave on 01.07.20 at 10:44 am

You have a chow?

#94 Millford Vanilli on 01.07.20 at 10:47 am

Everyone needs to chill.

Let’s all sit down and sing some Boney M tunes, starting with Rivers of Babylon followed by Rasputin. If any energy left try Daddy Cool.

Who knew that this group would become the modern day incarnation of Nostradamus.

#95 Gravy Train on 01.07.20 at 10:49 am

#84 Dharma Bum on 01.07.20 at 9:18 am
“[…] Thank you, Doctor Trump!” How did you select the moniker ‘Dharma Bum’? You don’t strike me as someone who subscribes to the principles of Buddhism! :)

#96 n1tro on 01.07.20 at 11:16 am

#62 SimplyPut7 on 01.06.20 at 10:35 pm
I’m not worried about Trump or any actions the US government may take against Iran in the future.

Worst case scenario, the US authorizes a draft and all healthy male 18 to 25 years old who signed up for a federal student loan can go fight in Trump’s war as agreed upon in the fine print of their contract with the US government.

Easy Peasy.
—————–
How effective do you think a platoon of liberal arts majors be in an actual war?

#97 LP on 01.07.20 at 11:35 am

#77 The All-Seeing Eye on 01.07.20 at 3:10 am

I recently took delivery of a book from Indigo written by a prof from the Univ of Michaigan. It’s called We Are Data. The book describes the very thing of which you write, that virtually all of our searches, on-line orders, text conversations become fodder for those who collect such bits/bytes and then use them to manipulate our further searches, on-line orders, etc.

One of the troubles with this is that when one wants to find out information about a given thing and proceeds to search on-line, one will only be led to that information that relates to what is already known about you. In other words, if you don’t know something already, the internet will not remedy the situation for you. You will not know what you do not know.

I’m probably doing a dis-service to the author of the book in my attempt to describe what I’ve read so far. Get the book; it is quite disturbing.

F72ON

#98 Not So New guy on 01.07.20 at 11:37 am

#89 IHCTD9 on 01.07.20 at 10:12 am

If you haven’t noticed yet, America is broke. Why do you think they are trying to hamstring all the oil nations? The only reason they went after Saddam in Iraq in the first place was because he changed from using dollars to gold for his oil

All the US has now is nukes. They can’t fight a conventional war and I’m pretty sure their drone pilots are going mad from their bombing sprees. Sadly, they will probably use the nukes. Their pride demands it

#99 James on 01.07.20 at 12:09 pm

#77 The All-Seeing Eye on 01.07.20 at 3:10 am

So here is something that happened to me and my wife today. Our printer won’t work anymore because HP no longer supports it (apparently you get 7 years and then it’s done) and we can’t get new ink cartridges and it won’t recognize refills.

So I sent a photo to my wife of a new printer price tag at Costco that doesn’t use cartridges and asked if she wanted it. I never mentioned it buy name it was just a photo of the price tag, which had the name but that should have been a .gif file or something similar, not text. There was no text discussed between us that mentioned the name of the printer or manufacturer.

She says instantly Spotify, which she was listening to, started playing ads for that particular printer brand every ad cycle. That had never happened to her before.

So folks what I did was send her a photo of a Costco price sticker with no text mention of the product and her media transitioned to placing ads for the product. They can do visual identification from photos.

Folks, you need to realize that anything that goes through your phone or computer is being tracked, recorded, and analysed. They know where you have been, what you bought or even considered buying because you looked at an ad or photoed a price tag, what you read, and where you are and everywhere you went while your phone was on. The amount of data they are collecting on us is insane. They know more about you than you do. They probably know more than just where you’ve been, which I was disturbed to find out when I looked at the Google record, which knew everything. they also know what you think. And they know it better than you do. Yes, they do. They already know what you think better than you do. They can target ads in real time across platforms they know it so well.

Folks, it’s 1984. It’s actually worse. They know everything about you, because they have tracked everything you have ever done online. They also have all of your financial transactions. They have every joke or meme you posted on Facebook. They know everything. They did this for a reason, and it’s not just targeting ads. That was going on in the days of AM radio.
___________________________________________
Yes its all true so what! If your worried about your actions and your personal privacy then don’t use any technology, buy a horse, chainsaw, rifle, ammo, food stock and head North. Oh shit I forgot satellites, sorry forget about it. click, click, click

#100 Ray on 01.07.20 at 12:27 pm

#73 Damifino
When Einstein published his theories, he was ridiculed by many scientists who believed in Isaac Newton.
——————————–
No doubt. But Issac Newton was not wrong. He was merely incomplete. The wonderful thing about science is that theories found lacking get modified to allow more accurate predictions based upon advanced measurement techniques and new data.
For 99.9% of every physical thing humans do, relativistic effects may be safely ignored, with Newton’s three laws of motion sufficing quite nicely.
Einstein is also incomplete. It’s a process. There likely is no ‘end game’. Best to flow with it.
—————————————————–
I was not resisting any “flow”. Although Newton is still usable 99.9% of the time, the model of the physics underlying the theory is essentially wrong. I agree, Einstein Relativity theories may become inadequate sometime in the future. But as long as we are working within this 4 dimensional space time frame, I doubt it.

#101 IHCTD9 on 01.07.20 at 12:31 pm

#98 Not So New guy on 01.07.20 at 11:37 am

All the US has now is nukes. They can’t fight a conventional war…
____

You have got to be kidding me…

How the hell could you have possibly ended up with that opinion given all the easily accessed info out there!?

#102 n1tro on 01.07.20 at 12:42 pm

#97 LP on 01.07.20 at 11:35 am
#77 The All-Seeing Eye on 01.07.20 at 3:10 am

I recently took delivery of a book from Indigo written by a prof from the Univ of Michaigan. It’s called We Are Data. The book describes the very thing of which you write, that virtually all of our searches, on-line orders, text conversations become fodder for those who collect such bits/bytes and then use them to manipulate our further searches, on-line orders, etc.

One of the troubles with this is that when one wants to find out information about a given thing and proceeds to search on-line, one will only be led to that information that relates to what is already known about you. In other words, if you don’t know something already, the internet will not remedy the situation for you. You will not know what you do not know.

I’m probably doing a dis-service to the author of the book in my attempt to describe what I’ve read so far. Get the book; it is quite disturbing.

F72ON
———–
Download and install Brave browser and use DuckDuckGo as the default search engine.

#103 Tony Hladun on 01.07.20 at 12:43 pm

Iran blusters but does nothing because the US goes home as they want to and everyone claims a “victory”. Iraq and Iran become friends because they’re both Shia and they take care of ISIS because they’re Sunni. Impeachment is forgotten because that was why Trump did this in the first place. Pelosi dies of a heart attack. Trump wins the next election because he has brought peace and no more boys are coming home in a box. The good times roll on, so what’s not to like. It could happen this way!!!

Recommended reading; watch the movie “Wag the Dog”.

#104 NoName on 01.07.20 at 12:59 pm

#98 Not So New guy on 01.07.20 at 11:37 am

America is broke…

—-

Everyone is broke, some more some little bit less…
https://en.m.wikipedia.org/wiki/List_of_countries_by_external_debt

#105 Not So New guy on 01.07.20 at 2:21 pm

#101 IHCTD9 on 01.07.20 at 12:31 pm

Are you talking about the same America that after 20 years has yet to subdue the 13th century backwater named Afghanistan?

ROTFL!

#106 crazyfox on 01.07.20 at 2:24 pm

Whether the US was justified in taking out a bad guy leader on foreign soil is beyond the ken of even this omniscient blog. – Garth

Sounds like a dare. Possibly even a compliment! If one might exercise intrepid caution, ever it be so veraciously precipitous.

The guy Trump offed, 86’d, dirt napped, merc’ed, assassinated, rubbed out, removed and murdered… in avaricious, rapacious, voracious, venal, money grubbing, corruptible, bribable, buyable, dishonest, fraudulent, dishonorable, mercenary, avaricious, rapacious, bent, crooked, warped, shady, greasy, pleonectic fashion, not just any old general from some shit hole country, no, REREDRUM Trump knocked off what’s his name, the Iranian dude who was polling some 70% in Iran, higher than any other public figure, mainly because he was good at his job.

Some media now believe as many as 1 million paid their respects to Soleimani, a funeral that left 40 dead from a human stampede and injuring 213 more. General rock star status is right, this blows away The Who’s deadly 1979 Cincinnati rock concert that left 11 asphyxiated and more than 2 dozen injured with no one knowing it until the final encore. Only the rock bands Great White (more than 100 dead, 200 injured) and Callejeros (175 dead, 619 injured) had more casualties+ when their night club venues were consumed by flames.

Is there a reader out there who thinks the Trump administration didn’t know Soleimani’s popularity was polling 70% or where it would lead to assassinate him?

Let’s recap what we know so far:

The U.S. has been on an oil production tear since 2012, adding 7 million barrels of oil per day of production in the last 8 years to 13 million bpd. Again, to put it into perspective, Canada produces 4.42 million bpd (2018). The U.S. added 1.5x what all of Canada produces in just 8 short years. This included the 2016 off year where prices were too flat to develop assets. Most of this production came out of the Permian formation in Texas where refinery capacity already exists for 18 million bpd.

When Trump got elected into power, the Heritage foundation, controlled by the Koch brothers and other big oil contributors set the mandate for Trump’s reign at the WH. The mandate is proven by history. For continued oil production growth, the world would have to produce less oil to support higher oil prices that would fuel record U.S. oil production growth filling the shrunken world market share void.

So… which nations in the world are willing to produce less for the sake of America? Nations from OPEC? South America? Africa? Who is going to be the sacrificial lamb and reduce oil production to shrink world market share and fix oil prices higher, to make room for record U.S. oil production with high enough oil prices to pay for it’s growth? (these numbers include NGC’s)

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

Who stands out on this list? Iran and Iraq. The levels of oil production coupled with the will of U.S. allies in the region make Iran and Iraq prime targets to reduce world oil market share boosting prices that fuel U.S. oil production growth. The next most vulnerable nation that follows down the list at risk to war with the U.S. is Venezuela where U.S. trade/oil sanctions have crippled the Venezuelan economy since 2016 in an effort to force a regime change. Whatever noise one might hear concerning Venezuela, oil production shortfalls from U.S. sanctions tell a familiar tale of crashing oil production and a ruined economy:

https://tradingeconomics.com/venezuela/crude-oil-production

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

Since Trump became POTUS:

– 2016 Muslim bans. Muslim ban held up in the Supreme Court in summer of 2018. The government argument was terror cells set up on U.S. soil in case of a war in the middle east.

– 2017 U.S. puts end to nuclear research treaty between Iran and Europe/U.S. even though Iran was in full compliance.

– Trade embargo slapped on Iran. China was Iran’s largest oil importer. To enforce the embargo cutting deep into Iran oil exports, it could be heavily argued that trade tariffs were applied specifically to create leverage to enforce the embargo because of the timing.

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

https://en.wikipedia.org/wiki/China%E2%80%93United_States_trade_war

The trade sanctions with oil specifically against Iran didn’t bite until the U.S. slapped 25% tariffs on $250 billion worth of goods on Chinese imports. Up to this point, China ignored U.S. sanctions on Iran. What does this mean exactly? It means the U.S./China trade war won’t end until Iranian oil production capacity is reduced to near zero. It means that the presumed signing of “phase 1” of the U.S./China agreement is window dressing, as 25% tariffs on some $250 billion in Chinese imports will still remain in effect as leverage to force China to comply with U.S. sanctions on Iran presumably until physical Iranian oil production gets bombed to zero.

POTUS and big oil is gambling on 4 things in provoking a war with Iran. First, is that Iran will have no allies and at this point, I think they do with both Russia and China if this breaks out into a military war but we may not see it unless Iran takes heavy civilian losses. Secondly, that Iran will be a pushover. Iran is not Iraq. Iran is not ruled by a ruthless dictator. Iran is a nation laden with mountains, with a population of 79 million and manufactures its own guns, military warfare and to some degree its missiles. This will not be a cakewalk for the U.S. 1v1 but perhaps all POTUS is after is oil refinery capacity. With this, a trade war with China could also end (for a while).

Thirdly, the U.S. is counting on Iran hitting soft targets (civilians or industrial targets such as western oil production in Iraq to justify U.S. targeting Iraqi controlled oil and Iran’s oil refineries and production, or industrial Saudi oil production targets, United Arab Emirate production targets, Israel). If Iran stays away from soft targets, Iran will have the moral high ground which counts tremendously in securing support from it’s allies.

If Iran hits hard targets, the U.S. goal will be to take out all of Iran’s oil production. The goal of POTUS is to cripple oil production capacity in Iran, indirectly and potentially directly in Iraq and privatize Venezuelan production and allow it to scale up slowly over time to fuel U.S. oil production growth over the next few years.

Yes, include Iraq, absolutely. The very fact that 2 days ago the U.S. military said in writing they would demobilize their base in Iraq and later in the day retract this decision even though Iraq parliament voted to have U.S. military presence in the region leave immediately, should tell us what we need to know. The U.S. invaded Iraq in 2003 on the premise of weapons of mass destruction that don’t exist. With another Republican oil president in power coupled with the absence of military weapons, the U.S. likely believes it can occupy Iraq easily once again by force.

My advice to Canadians is that the U.S. and Iran is already in a war. Its less clear as to whether Iran will have ally support of Russia and China, it will take a military war to see it, but I think odds favor it now. It’s like imagining if a nation in America was attacked. Would Canada come to Mexico’s aid if Mexico was attacked? It still depends on who is in power and motive behind the conflict, but it’s like that, more regional than one might think.

I see tepid responses from U.S. allies to join the U.S. in a war with Iran and now might even be the time to be thankful that Scheer didn’t win the election since it’s likely that whatever direction the U.S. would have taken, Canada would have followed under Scheer. Canada needs to take a hard pass on this U.S. engineered resource war regardless of the noise one might hear and be ready for the worst case scenarios at all levels including escalating trade wars for at least as long as Trump remains as POTUS.

#107 Shawn Allen on 01.07.20 at 2:35 pm

Nationalism and Stateism?

#91 Eks dee Siple on 01.07.20 at 10:23 am
#84 Dharma Bum on 01.07.20 at 9:18 am
Iran and its regime is a cancerous tumour on the world.
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No. Go love yourself. You are part of the problem. The people of Iran are just as deserving of life, liberty and pursuit of happiness as your sorry butt. Statism is the cancer.

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Agreed regarding the proud people of Iran. (And they and their vast diaspora will not take what happened lying down.)

I would not call statism a cancer but excessive nationalism is a problem. Excessive nationalism is basically tribalism and an acceptable form of racism.

The world’s problems are increasing global and require global rules. Probably 95% of countries have accepted a great loss of sovereignty decades ago. The U.S. still has almost supreme sovereignty. But it can’t and won’t last.

The future is “we humans” and down with tribalism and nationalism. You’ll all see.

#108 Not So New guy on 01.07.20 at 2:37 pm

Everyone is broke, some more some little bit less…

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

True, the difference being that when some of these nations tumble, other nations can get together and pick them up. When America falls, NO ONE will be able to pick them up!

#109 Eks dee Siple on 01.07.20 at 2:49 pm

#100 Ray… actually Newton was correct, Einstein was wrong and was actually quite an idiot in retrospect. He invented nothing and contributed nothing materially valuable except for media soundbites.

The nuclear fission reactions were already ‘understood’ before his time. The truth is that there is some kind of aether or ‘a priori’ medium in which we see the effects of electromagnetic waves (like waves in water) and there are no particles except maybe the proton (light is simply a perturbance of this aether medium and does not travel per se), but even the proton or nuclear centre is more like a whirling charge of aether. The New Physics is fascinating. I encourage you to take a look. Michelson-Morley was a scam. Time to move on.

Oliver Heaviside was the critical genius upon whose work Tesla was able to discern the properties of the dielectric, and give us our modern world. The dielectric is the source of electricity and much more awaits our discovery if we simply open our minds. I alluded to this new breakthrough in previous comments on this blog when I suggested future investment potential. That’s all you’re going to get for now… You’re welcome.

#110 Eks dee Siple on 01.07.20 at 2:57 pm

#107 Shawn Allen… As I stated, Statism is the problem. Nationalism is an irrelevant derivative of that problem. Who decides how much nationalism is too excessive? You? Your banker buddies? The world should be governed by no one. There should be no hier-archy or archy of any kind whatsoever. I know it’s too much for you to comprehend, let alone apprehend, but that’s not an insult to you because you have been conditioned to think in a certain way. The time has come to start a RE-THINK on a massive scale. It is inevitable anyway and will happen and is happening.

#111 MF on 01.07.20 at 3:14 pm

06 crazyfox on 01.07.20 at 2:24

Some disagreements (big ones. Yuge):

-Iran has been upsetting the balance of power for decades and has a lot of enemies. Your assertion that the response by allies has been tepid is incorrect. I see hidden support and only tepid criticism, actually.

-That general’s support and public outcry is a result of fear more than anything else. The North Koreans, Stalinists, Chinese and all the other totalitarian regimes do the same thing in times like this to deflect from the fact that they are ruthless with their own people. People show “support” because they think it will make them safer.

-Russia and China have no dog in this fight. They just want to use Iran for its oil, like everyone else. They will do zero if any hostilities develop (which they won’t).

-The oil thing is a bit of a conspiracy but I’ll bite. We can alternatively say that domestic oil accomplishes a huge cornerstone of us policy since the 70’s: less reliance on the Mid East for oil.

-Expect nothing big from Iran. Too much to lose. Population doesn’t want war and doesn’t support the government. They may even avoid harming the Israelis this time because Israel is in a much better position than in the past, having Arab support on its side this time around.

MF

#112 NoName on 01.07.20 at 3:18 pm

#106 crazyfox on 01.07.20 at 2:24 pm

Now that you are on funeral topic, how many foreign dignitaries came to pay him respect? And why they didnt, whats your take on it?

#113 Don Guillermo on 01.07.20 at 3:21 pm

#74 BobC on 01.07.20 at 1:45 am
I have to agree. The General was a nice guy. He didn’t kill that many people. We should have flown in more pallets of cash.

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PM Bearded Socks would have brought him home to rehabilitate.

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#87 the Jaguar on 01.07.20 at 9:55 am
@#56 Nonplused on 01.06.20 at 9:30 pm
It wasn’t the ‘Ramada’, it was the Kananaskis Resort and it was the 28th G8 Summit, held nicely a stones throw from Calgary. The police ’rounded up the ‘usual suspects’ from Antifa groups as they arrived at the Calgary Airport and threw them in jail until the event was over. Forget what charges were laid, but it hardly matters. Oh me…….I long for the good ole’ days

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It was the first G8 summit after 9/11 and the strategy was to hold the summit in more remote locations and make it easier to protect from protestors and bad guys.

#114 NoName on 01.07.20 at 3:29 pm

press play

https://twitter.com/davereaboi/status/1214598750674571267

#115 Stan Brooks on 01.07.20 at 3:30 pm

Yes Sir, I can boogie all night long

https://www.youtube.com/watch?v=32wDFCM7iSI

#116 AK on 01.07.20 at 3:35 pm

“Whether the US was justified in taking out a bad guy leader on foreign soil is beyond the ken of even this omniscient blog.”
=====================================

What business did this guy have at the Iraqi airport ?

It’s not like they took him out in his country.

#117 Sail away on 01.07.20 at 3:49 pm

#109 Eks dee Siple on 01.07.20 at 2:49 pm

The dielectric is the source of electricity and much more awaits our discovery if we simply open our minds. I alluded to this new breakthrough in previous comments on this blog when I suggested future investment potential. That’s all you’re going to get for now…

———————————–

Yes, there are breakthroughs being made in dielectrics, graphene and nanotechnology.

This doesn’t necessarily mean an investment potential exists. Scientists aren’t businesspeople, so profit is not top of mind and just because something is exciting and useful, it doesn’t mean it can be scaled for production. Even if it can be scaled for production, the time and costs to do so can be extreme.

Post-it Notes were wildly profitable. Air travel? Not so much.

#118 IHCTD9 on 01.07.20 at 4:27 pm

#105 Not So New guy on 01.07.20 at 2:21 pm
#101 IHCTD9 on 01.07.20 at 12:31 pm

Are you talking about the same America that after 20 years has yet to subdue the 13th century backwater named Afghanistan?

ROTFL!
____

So you’re serious then?

You actually think the USA is some kind of weak Nation with no significant military might at all?

Holy Moly – that is just incredible!

How can it be in this day and age, that someone can be so out to lunch on such a common knowledge – everyone knows the answer – subject !?

#119 kommykim on 01.07.20 at 4:47 pm

[quote]#109 Eks dee Siple on 01.07.20 at 2:49 pm
actually Newton was correct, Einstein was wrong and was actually quite an idiot in retrospect.[/quote]

Seriously? Really? I think your tinfoil hat is too tight.

#120 Ray on 01.07.20 at 5:14 pm

#109 Eks dee Siple:
And the earth is flat?

#121 acdel on 01.07.20 at 6:46 pm

Holy crap; at least Smoking Man made sense. These comments on this blog will make Smoking Man start smoking again.

#122 Sail away on 01.07.20 at 7:48 pm

#121 acdel on 01.07.20 at 6:46 pm

Holy crap; at least Smoking Man made sense. These comments on this blog will make Smoking Man start smoking again.

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He’ll only stop when he’s dead. Which could come fast when you drink yourself senseless and hotbox cigarettes all day every day.

You still alive Smokey?