And so it ends

Petulant, defiant, Donald Trump is scheduled to board a helo at the White House Wednesday morning and depart for his Florida mansion. He’s snubbing Biden’s inauguration. But the veep will be there – the guy who at the 11th hour stood up to the President and called out his election-fraud fiction even as protestors outside the Senate chamber where he stood chanted ‘Hang Mike.’ Mr. Pence grew a set.

So the era of the tweeting 45th commander-in-chief ends on a note few could have imagined. Trump has been impeached twice and stripped of his social media presence. He’s been shunned by most major corporations, abandoned by the PGA and faces both loan defaults and a possible indictment for fomenting insurrection on January 6th. His brand is sullied and, without much doubt, he leaves America more confused, divided, polarized, hostile and ungovernable than when he arrived. Plus there are almost 400,000 dead citizens in a pandemic he consistently downplayed by mocking public health measures like mask-wearing.

But wait. His disciples say the Trump years brought economic renaissance, record markets and prosperity. No way Biden can duplicate that. In fact in recent months he warned of “a depression the likes of which you have never seen” if he failed to win re-election.

Said Trump in Lansing, Michigan in the final days of the campaign he lost by seven million votes: “This election is a choice between a Trump super recovery or a Biden depression. That’s what you are going to have with the raise of taxes, the biggest tax increase in our history. It’s ridiculous. It’s a choice between a Trump boom or a Biden lockdown. Let’s lock it all down, and by the way speaking of lockdowns, let’s get your governor to open it up. Let’s get them to open it up.”

This is important to your B&D portfolio, your TFSA, RRSP and your kid’s education savings plan because how goes America, so go your investments. The Trumpers (and they are still legion, and pissed) insist the US economy flourished under Trump because he dropped corporate taxes, ignited a trade war with China, brought in protectionist policies, sliced immigration, ignited inflation and growth while creating oodles of jobs.

Some of that is quite true. A balanced and diversified, 60/40 portfolio in 2019 did great – up more than 15% as stock markets hit a high note before being whipsawed by the virus. The American unemployment rate dropped below 4% for a while, then soared in 2020.

By the way, here’s a comparison of how equity markets did under Trump, his predecessor and George W. Bush. After four years on the job, Obama’s track record was substantially better as he presided over the recovery from the credit crisis.

Markets liked Trump, but Obama even more

And what about jobs?

Trump was elected with the help of workers in the Rust Belt states after manufacturing was decimated and jobs moved offshore as corporations tried to lower costs and abandon high-wage America. For a while it worked. Until it didn’t. The pandemic has raged in the US more viciously than in most of the world. With just 4% of global population, it has suffered a fifth of all global deaths. Ten million fewer people are working than a year ago, and the latest jobless claims have spiked again. Recovery from Covid has sputtered in recent months, and doubtlessly the rage and frustration of economic defeat helped fuel the ‘attack of the patriots’ in Washington on 1/6.

Here’s the Trump record on unemployment.

So what now?

Trump warned Biden was a leftie, a taxer, a socialist and besides being ‘sleepy’ with dementia would destroy the economy. The new president’s first economic act came last Thursday night when he promised a $1.9 trillion Covid stimulus bill to direct-pay American citizens, fast-track vax inoculations and support state and local governments. The odds of this passing through Congress are high, now that Dems control both houses. At the same time the Fed. America’s central bank, last week promised interest rates will stay in the ditch and quantitative easing continue.

The reality is that Biden is a centrist, with a five-decade record supporting that. He proved that again during with years with Obama. Biden is boring. Right now, boring is good.

But will he raise corporate taxes as promised during the campaign? Yup, no doubt. That will impact corporate earnings and maybe chop P/E ratios, tempering equity markets. But at the same time inoculating 100 million people in a hundred days will start to eliminate the single-greatest economic destroyer in modern history. There is no other way of getting the airplanes flying again, the hotels full, the stadiums teeming or the restaurants buzzing. Trump’s key failure was to consider the virus an enemy instead of a challenge. He denied it when he should have been mobilizing against it. He leaves anti-maskers, anti-vaxers, Covid deniers, China haters and mobs in his wake.

Time will tell how narrowly we escaped the full impact of this man. If at all.

196 comments ↓

#1 walltiger on 01.17.21 at 12:23 pm

#165 sky

“Chinese citizens can ONLY own the crumbling & depreciating residential housing unit.”

Yes, Sky, I agree with you. Look at the shithole.

https://www.youtube.com/watch?v=kQp2HX-pnrQ

https://www.youtube.com/watch?v=WGzuIRq8eE8

https://www.youtube.com/watch?v=Br9hFr1OccE

#2 walltiger on 01.17.21 at 12:31 pm

meanwhile, the guy who took Nancy Peloci’s laptop was found dead with eight gunshot wounds to his body. FBI concluded he died of suicide.

#3 Linda on 01.17.21 at 12:34 pm

Just 3 more days before the Donald departs. If only the virus could be persuaded to depart as well…..

OK, so it rather sounds like 2021 will see a turnaround as the USA tackles the virus & hopefully knocks that sucker out in record time. Lots of economic potential could be unleashed before the end of the year & if the Fed doesn’t raise rates, that plus stimulus should power the rise even if higher corporate taxes are announced. Any chance Biden might defer doing that in order to further goose the economic recovery? Presumably after health he will want to revive job creation, yes? Plus start to repair international relations, though that might take a miracle or three. However, he does have one powerful incentive – he isn’t Trump & might actually behave like, you know, a President who cares & who actually does the work he was elected to do. What a relief!

#4 Mr Happy on 01.17.21 at 12:41 pm

When Trump was elected I said: “elect a clown…expect a circus”

I have to admit, being the s#@tdisturber that I am, I have enjoyed the fodder trump gave me to needle my friends. It was just too easy to set people off. But I have to admit, seeing the downward spiral going on in the USA truly makes me sad. Personally, I honestly do not care who is in power in the USA as I have no control one way or the other as I am not a citizen of that country. I took NO side in this one. This week shall be interesting to say the least…

#5 Paige on 01.17.21 at 12:42 pm

I find it interesting how you never mentioned the ODNI Ratcliff Report suggesting foreign interference in the 2020 election. I am surprised you never mentioned the Navarro Report, which proves beyond a shadow of doubt that this election was stolen very strategically. Biden is not just boring, he is completely and obviously a tool. Why is it suddenly acceptable for State governors and election officials, as well as State AGs to change rules regarding election process which is absolutely in violation of the Constitution they profess to be protecting? And beyond this that our justice system turns a blind eye. Remember, a case dismissed on standing is not the same as a case dismissed on merit. Find one case submitted to any court by the Trump teach that was dismissed on Merit. YOU WONT. And that should terrify you! There is an Elephant in the room folks. Those of us who have been told we should be straining at gnats whilst swallowing camels are finally waking up. It’s not comfortable for those who like ‘boring.’ But it is the fact. How can anyone be willing to roll over and accept this sham administration? You won’t be hitting snooze for much longer, trust me.

#6 Apples or Oranges on 01.17.21 at 12:43 pm

My guess is that Biden will be cancelled by his own within a few months. Pelosi and crew want to go out on a high note with a young fit woman of color in charge. Not a dude like Joe. He was a way to the means. Just saying.

#7 Ponzius Pilatus on 01.17.21 at 12:44 pm

Billybob
Yesterday you called the CCP “evil incarnate”
I guess you mean Xi.
Historically, this term is usually reserved for monsters like Adolf and Joseph.
Just curious, as the Czechs experienced the brutalities of both.
Looking back, who was worse?
I’m asking you because I think you have some Czech DNA in you.

#8 Trudeau’s Magic Money Machine on 01.17.21 at 12:47 pm

With all of this money being injected into the system both here and down South it will have the effect of looking like our portfolios have increased in value. This is deceiving because purchasing power will have decreased and the value of things seemingly to have gone up.

It sure looks nice to see things in green though, even though we are no richer than before.

#9 Dogman01 on 01.17.21 at 12:48 pm

#56 WTF on 01.16.21 at 7:34 pm

This article nails it.
http://harveyoberfeld.ca/blog/bcs-greatest-need-for-2021/
——————————————————

Not surprised the media using WE, as they are in lockstep now with the “establishment”, they have become the propaganda ministry.

Yes – my local news broadcast consists of: Covid bylaw enforcement public service announcements, warning children are not safe to use sleds or skate on Ponds, add in a few Animal Tricks, vehicle accidents, cooking tips….and Hockey.

I am thinking of resurrecting my subscription to the Economist, and I find Garth’s blog to have interesting links as an aggregator.

https://www.adfontesmedia.com/interactive-media-bias-chart-2/

What a sorry state our public discourse is in; keep them worried, working and feed the citizens pap with the MSM.

“The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum – even encourage the more critical and dissident views. That gives people the sense that there’s free thinking going on, while all the time the presuppositions of the system are being reinforced by the limits put on the range of the debate.” – Noam Chomsky

“People are entitled to the choices we give them.” – Edward Barneys

#10 Pissy Fortune Teller on 01.17.21 at 12:50 pm

good, and easy to win?

When “The Art of Deal” clashes with “The Art of War”, here is result:

https://www.bnnbloomberg.ca/how-china-won-trump-s-trade-war-and-got-americans-to-foot-the-bill-1.1547061

#11 Dave on 01.17.21 at 12:53 pm

Bye-bye Donnie.

#12 GAV on 01.17.21 at 12:54 pm

You forgot:

He kept the USA out of the Paris Climate Agreement. And during his time the USA reduced carbon emissions more than any other country.

He pulled USA troops out of every conflict and didnt start any new ones. He resisted the vast USA military complex.

He opened talks with N Korea and brought in a major peace agreement in the Middle East.

In comparison, Obama got the Peace prize for showing up.

#13 walltiger on 01.17.21 at 1:03 pm

#88 Farts

“During the heights of the pandemic, the fortunes of the biggest, including Alibaba founder Jack Ma and Pinduoduo founder Colin Huang, swelled as online consumer spending boomed.”

That’s why China’s regulators are clamping on Jack Ma. After all, China is a capitalist country with socialist characteristics. China produces billionaires, but China also wants no one to be left behind.

No, that Xi Jing Ping poster is not forced.

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

https://www.youtube.com/watch?v=u-53rYG3gtA

#14 Peter McLean on 01.17.21 at 1:04 pm

I have a new idea to make money. I’m going to buy real estate on both the moon, and mars. Eventually, it’ll be worth a ton of money when they start building condos on both of them.

#15 Frank on 01.17.21 at 1:04 pm

Did more in 4 years then any president. You fogot to Manchin . oh buy the way he did win the election

#16 the Jaguar on 01.17.21 at 1:06 pm

‘ Donald Trump is scheduled to board a helo at the White House Wednesday morning and depart for his Florida mansion.’…..

I have a premonition he isn’t headed for Florida. It will be a very interesting week. Hard to believe I am living through these times. Even Hollywood couldn’t write a script like this one.

A pretty good photo, though he should have smiled a little more.

#17 TurnerNation on 01.17.21 at 1:07 pm

#42 Dave on 01.16.21 at 5:48 pm
Re Turner Nation
People under 65 may be at less risk of dying but they still have long term complications and organ damage as a result of the virus…Why risk it?


Why risk what? Getting flu-like symptoms and recovering by way of an immune system? Why risk living…life?
I’ve talked to several people 30-40 yrs old who said they had it, even by test. They never mentioned.
Can you get me some numbers on the organ damage? I’m talking scientific stats or studies, the only kind I will look at.
You are telling me I’m at risk. I want to know what you are talking about.

Debt jubilee anyone?
https://www.forbes.com/sites/zackfriedman/2021/01/12/congress-may-cancel-student-loans-in-new-stimulus-package/
“Congress May Cancel Student Loans In New Stimulus Package”


Brutal crime wave hits the 905 area:
https://www.durhamradionews.com/archives/131577
“Durham police charge Whitby homeowner after finding gathering of kids, coaches and parents at backyard ice rink .January 15, 2021 | 9:36 am”

And…never forget this global WW3 underway is for LAND. New York City seems to be the crown jewel. We might be ‘this’ far away from government confiscation of land, but the slow sell begins:

https://nypost.com/2021/01/11/cuomo-turn-empty-hotels-office-buildings-into-apartments/
Owners of largely empty hotels and office buildings in Manhattan’s central business district amid the coronavirus pandemic could convert their properties into apartments under a proposal announced Monday by Gov. Andrew Cuomo

https://newyork.cbslocal.com/2021/01/14/staten-island-eviction-moratorium/
Staten Island Couple Says Tenants Who Haven’t Paid Rent Since May 2019 Can’t Be Kicked Out Due To Eviction Moratorium

#18 mark on 01.17.21 at 1:15 pm

This is the year the SH^T hits the fan. Government policy is a game, they have no clue and can’t contain the virus, their desperation hope is a vaccine if most people take it? Another wild card the new corona variant seems to be more transmissible than previous strains, The virus is here to stay, so is mass demonstrations as people grapple for there perceived infringement on rights and freedoms with draconian lockdowns. Government needs a big distraction from the virus pain, some big institutional money is moving to Bitcoin, believe in bitcoin or not one has to ask why is big money moving into a shadow digital currency/store of wealth that some say is not even a asset? Government needs a big distraction, I hope I am wrong but I see a war looming in 2021. Enough already lets get back to normal, do you remember what that is??

#19 Dogman01 on 01.17.21 at 1:17 pm

This blog oozes credibility. – Thanks Garth

Trump did not bring division. Division brought Trump.

Biden’s Priority Number one : How can we protect those powerful vested interests at the top of society.
– Hide the destructive effects to society of a massive dependence on China (Chimerica), with Russia a convenient bogyman distraction.
– Hide the impact on the wages of the working poor of mass (often illegal) immigration
– Feed the “Animal Spirts” of the Left side of the DNC by encouraging an all out attack on Trump voters, thereby distracting the hard Left from interfering with Priority #1
– Inflame racial tensions so identity politics continues to work for the DNC. Keep it focused on victim\race so economic Class never get into the dialogue.

Damm right ; this will all be good for my Portfolio, but good for America, I am not so sure.

#20 Doug t on 01.17.21 at 1:17 pm

Time will tell how narrowly we escaped the full impact of this man

It’s not the man – it’s the system – and it’s not going anywhere except up in flames at some point

#21 NEVER GIVE UP on 01.17.21 at 1:21 pm

#4 Paige on 01.17.21 at 12:42 pm

One of the first things Oblio and Arrow noticed about the Pointless Forest was that all the leaves on all the trees had points, and all the trees had points. In fact, even the branches of all the trees pointed in different directions, which seemed a little strange for a pointless forest. […] Oblio told the Rock Man that they were banished and asked him whether or not this was the Pointless Forest.

The Rock Man said, “Say, babe, there ain’t nothing pointless about this gig. The thing is you see what you want to see and you hear what you want to hear. You dig? Did you ever see Paris?”

“No.”

“Did you ever see New Delhi?”

“No.”

“Well, that’s it. You see what you want to see and you hear what you want to hear.”

—Nilsson, The Point (1971)

https://www.youtube.com/watch?v=YhK4ak6RDjs&list=PLgaFNC_I_ZklKjaG7DbE1CPlDaVRR4jPA&ab_channel=HarryNilssonVEVO

#22 Dolce Vita on 01.17.21 at 1:24 pm

Could not agree more with what you said Garth.

Germany’s state broadcaster DW posted this on their website today:

https://i.imgur.com/bm7mgPb.png

Obvious parallel to a defunct WWII dictator (a bit harsh on Benito if you ask me). Pretty much the sentiment across the EU: it’s finally coming to an end.

————————–

Furor in the EU about Pfizer reduced deliveries a few days ago, then reported as 29% lower, and NOW all is CALM. Not a single MSM daily today reporting about it. Italia vax’ng on schedule.

Seems the EU put its foot down on hometown producer Pfizer in Belgium about not cutting back deliveries to the EU (a recipient of a lot of cash from Germany to speed up production, US $445M, BioNTech is German).

Meanwhile Canada getting SHAFTED with 50% deliveries in the interim as I Commented yesterday.

More than 200,000 doses of the Pfizer-BioNTech COVID-19 vaccine were expected in each of the next two weeks and 1.4 million doses were expected in February.

Next 2 weeks cut in half to 104,325 doses and 183,788 per week in February (735,150 total). And nothing about March.

————————–

And Garth you will be PLEASED? to know that a VAX PASSPORT is no long a matter of IF, it is WHEN in the EU. Greece bitching they need that for their tourism, like yesterday, but EC President Michel said it’s too early “YET’. Headline and link:

“Charles Michel warns against introducing a vaccination passport too soon”

https://www.brusselstimes.com/news/149960/charles-michel-warns-against-introducing-a-vaccination-passport-too-soon/

…so, it’s just a matter of time.

TRAVEL TIP

Cdn tourists without a EU VAX Passport can fly to Libya, board Open Arms just offshore, ferry ride to Sicilia (state you are fleeing US armed insurrection nearby), get tested, quarantine (room and board incl. courtesy Italia) and after that you’re good to go with your Italian Red Cross “you got tested and are negative” sheet.

#23 Watcher on 01.17.21 at 1:48 pm

And so it ends…

As I look at your title I wonder if history will remember your words as wishful thinking.

And so it begins….?

#24 Cus G on 01.17.21 at 1:49 pm

So ridiculous….the markets like free money Garth. Obama, Trump, Bush I, Bush II, Clinton…are you kidding me? They’re all the same.

How about Trudeau Garth? The markets love him too!

#25 Comments! on 01.17.21 at 1:52 pm

My dear uncle who lives in Pennsylvania is a man that I truly respect and admire. Worked for the medical branch of the Department of Defense for 35 years and raised my 3 cousins well along with my lovely aunt. Although nowhere near a Trump supporter, her are his concerns on Biden.

-career politician with a spotty past as a racist and sexist who’s flip flopped on policy countless times
-family deeply seeded in corruption in the past and especially the present
-chose a radically leftist and despised by many candidate as his VP who called him a racist and sex offender as recently as 4 months ago
-won’t answer questions and has a deep mean streak when cornered with legitimate tough questions
-easily manipulated by China
-totally unremarkable 8 year term as VP with Obama

Meh, better than Trump I guess.

Love my uncle Paulie :)

#26 Tarot Card on 01.17.21 at 1:58 pm

Thanks for the blog Garth

My rant and my worry.
I read an article from a reporter, he said Trumps lies were so unbelievable and numerous he lost track, some times 60 a day.

I guess my worry is that why did so many Americans believe him? I am not saying 75 million who voted for him believed the lies, but I believe I heard 20 percent still believe the election was stolen. And that is what we should worry about, how one single person was able to manipulate the masses with lies.

I saw a women and son, the guy carrying the plastic restraining cuffs. She said I would rather die
now( storming the capital) than live under oppression.
Just amazing.
What oppression? They are brainwashed and I am scared about these people.

Have a great weekend.

#27 KNOW IT ALL on 01.17.21 at 2:00 pm

Never mind Joe Biden.

KAMALA HARRIS……. That’s what’s next!!

#28 Steve on 01.17.21 at 2:00 pm

Anyone want to guess the number of pardons Trump signs before leaving? There are news articles implying that pardons can purchased for 2m. I guess Trump has an answer for is upcoming loans.
I hoping for 1-2 years of crazy spending by the USA and a crazy stock market. Then, it becomes interesting. A lot of old companies with old thinking while go bankrupt while new companies take advantage of technologies. It going to interesting times.

#29 Sunburned canuck on 01.17.21 at 2:02 pm

Trump is out but we can all breathe a sigh of relief that Hunter Biden’s boring dad is in to shape things up.
Life will be wonderful again in America!

#30 crowdedelevatorfartz on 01.17.21 at 2:09 pm

@#13 walltiger

President Xi knows full well that the last communist revolution started with the peasants in the countryside.

He cant ignore their complaints of corruption, poverty and the lure of jobs in the city.

Unfortunately the Cities are already bursting at the seams and hundreds of millions more unregistered migrants will only make crime , pollution and poverty….worse.
No matter how much money you throw at it.
Vancouvers homeless are a prime example.

Capitalism with Chinese characteristics is a nice way of saying Capitalism with Xi as “Leader for Life”….

And as Xi gets older we he be less tolerant of opposing views?
Probably.

#31 Matt on 01.17.21 at 2:17 pm

So sad Garth.

For a guy preaching balance, you wrote a blog post like you are are working for Mr. Biden and having TDS.

You have nothing good to say about outgoing Trump administration.

Your over the top demonization of Mr. Trump is fueling the hate and divide that you are accusing him of.

It takes two to dance.

Incoming Biden administration is pushing system racism, identity/gender politics, victimhood. It’s disgusting.

This will hurt American society way more in longer term and in my opinion presents higher danger than Trump administration ever was.

Your presentation of Biden is so one sided that I feel like I am watching biased CNN or reading New York Times.
This is not why I am coming here.

I come here to hear a guy who was in politics and can see behind the bullshit.

Please keep cooler head, these kind of post generate comments but are not good for anyone.

You are free to counter any facts presented. – Garth

#32 walltiger on 01.17.21 at 2:21 pm

#30 Fart

Ok Farts, thanks for your great prediction. You are the Gordon Chang of Canada.

#33 Dolce Vita on 01.17.21 at 2:22 pm

Some not enamoured by number projections for people getting vax’d in Canada and by when.

I’ll make it easier to understand, month by month, until it become obvious BUT WITH THE ACE in Canada’s back pocket…actually THREE of them.

Bad News, soon to be followed by v. good

Doses (per Health Canada, DND, Google verify on your own):

Next 2 wks……………..104,325 *new data out today per CTV via Gov Canada
February…………………735,150 *new data out today per CTV via Gov Canada
April+May+June….20,000,000
July+Aug+Sept…….20,000,000 (same as prior period, assume same amount?)

Total = 40.84M doses or 20.4M vax’d (2 doses each)
Since Dec. 14 up to today: 529K at 1 dose, 31K at 2 doses.

Grand Total = 20.7M vax’d by Sept. end

Cdns 15 yrs or older = 32M
All Cdns 0 to ∞ yrs old = 38M

So at 3.3M vax’d per month (20M doses/3 mo/2 doses per person) project how many more months for:

11.7M jpeople not yet vax’d (15 yrs or older cohort) = Jan 2022
or
17.3M people not yet vax’d (0 to ∞ yrs old cohort) = Feb 2022

Recall: 95% efficacy, so of the 32M, 1.6M will NOT have immunity. Of the 38M, 1.9M will not have immunity.

So tack on another 1/2 month to the above dates.

Obv it isn’t going to happen by end of Sept. as PM Trudeau maintains OR IS HE CORRECT after all.

————————-

Novavax – Canada ACE #1 in pocket

– side note to Doug Rowat per his “Lucky Stars” Jan. 9 Blog about Amazon 75% one-year return, consider Novavax:

Jan. 17, 2020 stock price = 5.74 USD
Jan. 17, 2021 stock price = 127.43 USD
Aug. 10, 2020 peak = 178.51 USD

Just bought a vaccine manufacturing plant in Czechia (Praha Vaccines previously owned by India’s Serum Institute, World’s largest vaccine producer), 1B doses/year capacity.

Canada has 52M dose contract with Novavax. Ph III trials encouraging, high efficacy, trials finish end of Mar + 1 month approvals = May shipments.

52M doses May to Dec = 6.5M doses/mo or 3.25M Cdns vaccinated per month.

NEW Grand Total = 20.7M + 16.25M people vax’d by Sept. end = 37M PEOPLE

#34 Dolce Vita on 01.17.21 at 2:33 pm

Some not enamoured by number projections for people getting vax’d in Canada and by when.

I’ll make it easier to understand, month by month, until it become obvious BUT WITH THE ACE in Canada’s back pocket…actually THREE of them.

Bad News, soon to be followed by VERY GOOD – had to recalc everything…

Doses (per Health Canada, DND, Google verify on your own):

Next 2 wks………………104,325 *new data out today per CTV via Gov Canada
February………………….735,150 *new data out today per CTV via Gov Canada
April+May+June…..20,000,000
July+Aug+Sept…….20,000,000 (same as prior period, assume same amount?)

Total = 40.84M doses or 20.4M vax’d (2 doses each)
Dec. 14 up to today: 529K at 1 dose, 31K at 2 doses.

Grand Total = 20.7M vax’d by Sept. end

Cdns 15 yrs or older = 32M
All Cdns 0 to ∞ yrs old = 38M

So at 3.3M vax’d per month (20M doses/3 mo/2 doses per person) project how many more months for:

11.7M jpeople not yet vax’d (15 yrs or older cohort) = Jan 2022
or
17.3M people not yet vax’d (0 to ∞ yrs old cohort) = Feb 2022

Recall: 95% efficacy, so of the 32M, 1.6M will NOT have immunity. Of the 38M, 1.9M will not have immunity.

So tack on another 1/2 month to the above dates.

Obv it isn’t going to happen by end of Sept. as PM Trudeau maintains OR IS HE CORRECT after all.

————————-

THE ÜBER VERY GOOD NEWS CANADA

Novavax – Canada ACE #1 in pocket and all we need provided Results like Pfizer and Moderna.

—————
– side note to Doug Rowat per his “Lucky Stars” Jan. 9 Blog about Amazon 75% one-year return, consider Novavax:

Jan. 17, 2020 stock price = 5.74 USD
Jan. 17, 2021 stock price = 127.43 USD
Aug. 10, 2020 peak = 178.51 USD
Calc. % incr. on you own (Hint: in % 1000’s)
—————

Novavax just bought a vaccine manufacturing plant in Czechia (Praha Vaccines previously owned by India’s Serum Institute, World’s largest vaccine producer), 1B doses/year capacity.

Canada has 52M dose contract with Novavax. Ph III trials encouraging, high efficacy, trials finish end of Mar + 1 month approvals = May shipments.

52M doses May to Dec = 6.5M doses/mo or 3.25M Cdns vaccinated per month.

NEW Grand Total = 20.7M + 16.25M people vax’d by Sept. end = 37M PEOPLE!!!!!!

DONE, DONE by Mid October 2020. PRAY their results are great Canada.

Other ACE = J&J (10M dose order with Canada).
Jan. end Results + 1 month Approvals = March shipments. 10M doses Mar to Dec = 1M doses/mo or 1M Cdns vaccinated per month.

——————————————-

TRUDEAU Jan. 15, if Novavax and J&J deliver and so far looking good, VINDICATED:

“I want to be very clear: this does not impact our goal to have enough vaccines available by September for every Canadian who wants one”

To the average Cdn instead:

“Optimism the economy will quickly accelerate once the pace of vaccinations picks up.”

And to me:

Hope Springs Eternal and is last to die.

[1 more Comment on the 1.6 to 1.9M or so falling into the 5% no immunity from vaccine cohort] – good news there too.

#35 Sara on 01.17.21 at 2:39 pm

#5 Paige
“Why is it suddenly acceptable for State governors and election officials, as well as State AGs to change rules regarding election process ”

COVID caused many changes. Trump lost the election fair and square.

#36 Trump won on 01.17.21 at 2:41 pm

By a landslide

#37 Dolce Vita on 01.17.21 at 2:46 pm

OK, so 1.6 to 1.9M don’t get immunity from Pfizer or Moderna (95% efficacy means 5% no efficacy).

So you what do you do about them?

They are going to be appearing on the news radar from now until 1st week in October when ALL vax’d.

Why I keep saying to Gov Canada in Tweets:

Approve AstraZeneca like yesterday.

Background on the vaccine types (not a clue what all the letter mean, all I know is they work differently, read NYT Coronavirus Vaccine Tracker on you own to find out):

Pfizer, Moderna = mRNA
Oxford-AstraZeneca = ChAdOx1
Novavax = Protein
Johnson & Johnson = Ad26

In the interim for those with no immunity after getting mRNA vax’d give AstraZeneca a try (70% efficacy, better than 0%) and it cost 1/10th of Pfizer and about the same vs. Moderna.

As Novavax and J&J come on stream then use those 2 different types in case AstraZeneca did not work.

So the THIRD ACE in Canada’s back pocket is AstraZeneca, provided Gov Canada approves it (20M dose contract with them).

——————————–

Whomever at Health Canada selected the above 4 vaccines, each a different type, they deserve the GRATITUDE of Canadians.

Now go to sleep assured and as My Liege repeatedly says:

This Pandemic WILL PASS…looks like it to me per my SWAG calculations (a.k.a., WAG with Science and public domain data available to all, just go look for it like I did).

———

Debbie Downer:

Pray the Covid mutations stay docile as in they cannot defeat humanities Covid vaccines.

#38 Bezengy on 01.17.21 at 2:47 pm

#1 walltiger on 01.17.21 at 12:23 pm

My uncle (non blood) served as a cadet under Hitler (tank battalion), and had clear views on fascism, communism, brainwashing, etc. He explained it to me this way me. “There is nothing as good as a good dictator, the problem is there has never been a good dictator” I would like to think I’m one of the people who can learn from the mistakes of others. Sorry, I’m not buying it.

#39 Felix on 01.17.21 at 2:52 pm

That’s the ugliest dog photo I’ve ever seen on this blog.

#40 Figmund Sreud on 01.17.21 at 2:55 pm

“… Trump is scheduled to board a helo at the White House Wednesday morning and depart for his Florida mansion.”
__________________________

… so he is scheduled! Good riddance, …

… there is, however, a grosser issue outstanding, issue of ~75 million of disenfranchised or disempowered voters, … or ~88 millions of Twitter junkies: … Where will they go? Where? Do Democrats, … truly believe that they can suppress that ~75 million-strong Trump voters? Really?

Make no mistake, … this group – American middle class, “the mob”, as it has been defined by MSM recently – is there to stay, … in America, and if the post-Covid recovery does not go dazzlingly well, … or is outright bungled, its ranks will explode! Stand by, …

Best,
F.S., Calgary, AB.

It’s reasonable to believe a significant chunk of those folks would have voted Republican regardless of the candidate. Mitt Romney got 61 million votes. – Garth

#41 Elon Fanboy on 01.17.21 at 3:02 pm

I’m expecting President Harris by the end of the year.

Biden def has some issues.

#42 Jake on 01.17.21 at 3:07 pm

For years Americans feared the Taliban and terrorism. Now the greatest fear are their own citizens. This is a result of failed leadership. How sad.

#43 The world is ours on 01.17.21 at 3:09 pm

Malign us if you will, but I have Trump to thank for opening my eyes to how FAKE the news is and getting me involved and caring about politics. Reverberations of Trump will continue for generations. He is a great man and there are many of us who know to look past your obvious biases and see him for what he was. A peace-loving, tell-it-like-it-is GIANT. Trump is the first politician I have ever loved, and I’m far from alone in feeling that. He’s done great things for the future – see you there.

#44 Apocalypse NOW on 01.17.21 at 3:13 pm

Navalny arrested. Guess what Putin wants out of all this?

Trump holding meetings on martial law.

Trump will still have the nuclear triggers this week.

https://www.independent.co.uk/news/world/americas/us-election-2020/trump-nuclear-football-codes-office-b1788210.html

And so we end……

PREPARE

#45 Mike from Canmore on 01.17.21 at 3:15 pm

Adieu democracy, we hardly knew you.

I must admit Trump gave us a very entertaining 4 years, as well as all the checkens with their heads cut off screaming for 4 years against him, such theater. He did shine a light on a lot of skulduggery though. I went through plenty of popcorn. In fact I am long popcorn for the upcoming years of buffoonery ahead. This should be even better than the last 4 years although I fear we won’t be getting such shrill craziness from the MSM, too bad, just more propaganda.
Anyone want to start a pool about how long before they insert Harris? Day 10, day 100 or maybe 6
months?
I guess we’ll go from orange man bad to even more white man bad now, sigh.

#46 Regjeg on 01.17.21 at 3:20 pm

It seems that DJT has finally got the message:

“YOU’RE FIRED!!”

#47 Dolce Vita on 01.17.21 at 3:24 pm

Prior post error:

Other ACE = J&J (10M dose order with Canada).
Jan. end Results + 1 month Approvals = March shipments. 10M doses Mar to Dec = 1M doses/mo or 1M Cdns vaccinated per month.

Make that 0.5M Cdns vax’d per month not 1M (got excited at the new data out today from Gen. Deny, DND: 20M doses per month stuff – new to me).

—————–

Then who cares, with Novavax being shipped at 6.5M doses/mo and if Gov Canada approves AstraZeneca as well.

Makes Trudeau correct 3 times over.

Now…it’s up to the Provinces to get those doses that are to come into the arms of Cdns.

They will. Learning curve now BUT Cdns best educated bunch on Planet Earth. I have faith they will make it all work out in the end, and fast.

What about Herd Immunity?

Heck it can be 100%, who cares, Canada will be done in October 2020 at 100% vax’d.

[Bonus if it is as low as SARS 50-80%, Ebola 33-60%, or Influenza the pandemic one, 33-44%…if so, Canada will be done with S. L. Pathogen earlier than October…AMEN TO THAT]

Canada can become CANADA again, FINALLY. Generate wealth like crazy, give its citizens hope for a better future like it always has and does.

#48 baloney Sandwitch on 01.17.21 at 3:32 pm

The big question in my mind is – will the helo be able to reach Mar-a-Lago without refueling? (Trump might have to jettison some dead weight along the way). The thing is he has to get off the copter before 12 pm as at the stroke of noon – it turns into a pumpkin. An orange baboon in a giant pumpkin, now that is a pleasing visual.

#49 Canuck on 01.17.21 at 3:33 pm

You are free to counter any facts presented. – Garth
______________________________________________

Facts? 90% of your blog today was commentary.

You talk of Biden shooting for 100 million vaccinations in 100 days but have never said anything about the Trump administration shooting for 170 million by May. You are quick to blame Trump for the handling of the pandemic but say nothing about how poorly it has been dealt with in Canada nor the surges in England and now Germany… enough so that Merkel is leaving because she wants a complete lockdown and has been told to go pound sand.

Will you keep blaming Trump for everything until things return to normal? How Liberal of you.

I’m sure that made sense to you. – Garth

#50 Jacques Shellacque on 01.17.21 at 3:38 pm

For the last 5 years I’ve said the only useful way to think of The Orange One is as a symptom, not a cause. There is a large swathe of the population who feel, with plenty of justification, that a very lavishly funded political, economic, and cultural elite not just don’t consider them, but hold them in deep contempt. The only prediction to be made is that His Orangeness represents a discontinuity, and it’s unclear what resides on the other side.

#51 No Left Turn on 01.17.21 at 3:43 pm

https://m.youtube.com/watch?v=ThtRvBUBpQ4

https://m.youtube.com/watch?v=Dq0GPD2-p_E

One last time before they are dumped in the digital memory hole.

#52 Blobby on 01.17.21 at 3:44 pm

I find it amazing reading comments how many Spanky supporters seem to believe the exact opposite of what happened… based on nothing but Spankys say so.

I’d love to know the psychology of how he’s accomplished it… it can’t all be by playing to their racism surely?

#53 BillinBC on 01.17.21 at 3:46 pm

19 Dogman01

Trump did not bring division. Division brought Trump.

Biden’s Priority Number one : How can we protect those powerful vested interests at the top of society.
– Hide the destructive effects to society of a massive dependence on China (Chimerica), with Russia a convenient bogyman distraction.
– Hide the impact on the wages of the working poor of mass (often illegal) immigration
– Feed the “Animal Spirts” of the Left side of the DNC by encouraging an all out attack on Trump voters, thereby distracting the hard Left from interfering with Priority #1
– Inflame racial tensions so identity politics continues to work for the DNC. Keep it focused on victim\race so economic Class never get into the dialogue.
—————————————————————–
YUP….says it all

#54 Zorro Ideltkos on 01.17.21 at 3:47 pm

“The devices of power and it’s minions are the same in all countries and in all ages. It marks it’s victim and denounces it, excites the public hatred, so it can conceal its own abuses and encroachments”
Henry Clay, 1834

#55 cuke and tomato picker on 01.17.21 at 3:50 pm

First can we all enjoy our own province before we all get the vaccine. Second the US survived Pearl Harbor and 9/11 so they will survive DJT and Jan.6th 2021.

#56 sheesh on 01.17.21 at 4:14 pm

#31 Matt

‘I come here to hear a guy who was in politics and can see behind the bullshit’.
……

But apparently you’re not willing to listen to him unless he says something you already believe….

#57 Tron Light on 01.17.21 at 4:21 pm

Wasn’t Biden’s acceptance speech all about bringing the nation back together? I seemed to recall he talked a lot about healing wounds, etc. Well, I guess so much for that with what Pelosi et al have done. Seems to be dividing the US even more.

I also think we also have short memories when it comes to rioting in DC:

https://www.bbc.com/news/av/world-us-canada-38700648

https://www.cnn.com/2017/01/19/politics/trump-inauguration-protests-womens-march/index.html

https://www.reuters.com/article/us-usa-trump-inauguration-protests-idUSKBN1540J7

https://www.nbcnews.com/storyline/inauguration-2017/anti-trump-protesters-pepper-sprayed-eve-inauguration-outside-deploraball-d-n709321

https://wtop.com/dc/2017/11/inauguration-day-riot-trial-underway/

Granted, they didn’t storm the capital building but there is not much difference between the two. As for Biden, his cabinet posts are not awe inspiring more like back to the past. I don’t know if he’ll have any success rolling out the vaccine and, although you may think he’s a centrist, who knows, he may end up leaning more to the left this time.

And like many other posters here, I think Harris will eventually replace Biden, although I think it will be after 2 years because she won’t be able to run again if it is before.

The rioters on 1/6 stormed the Capitol with the intent of overturning a democratic election. There is no valid comparison. Stop embarrassing yourself. – Garth

#58 Figmund Sreud on 01.17.21 at 4:23 pm

#40: It’s reasonable to believe a significant chunk of those folks would have voted Republican regardless of the candidate. Mitt Romney got 61 million votes. – Garth
__________________________________

Perhaps, … but the times they are a-changin’! And my point posting was more, … say, bit twisted, … if that’s the word: … in my leading post I posed the following question, intentionally:

“[G]rosser issue outstanding, issue of ~75 million of disenfranchised or disempowered voters, … or ~88 millions of Twitter junkies: … Where will they go? Where?”

Well, … Technofeudalism, perhaps?

As this last election confirmed in spades, the technology is advancing, populations are being controlled more and more by various stealthy schemes and, in the end, are being made into servants, … a dependency of sort type of system, … dependency to those who can provide them with income… and those who can provide them with dole. Those two are corporations and governments. Guess who the two include? Hint follows:

https://www.forbes.com/sites/michelatindera/2020/05/06/here-are-the-billionaires-backing-joe-bidens-presidential-campaign/?sh=5d8176de41d5

That’s if from me, … for now. Cheers, …

F.S.

#59 Coho on 01.17.21 at 4:32 pm

It’s quite sad the degree to which we’ve put our trust in governments when they are beholden to the monied interests which have no allegiance to any country or people.

On this increasingly Godless plane the earthly powers demand allegiance and compliance only to them. “Thou shalt not have any other Gods before me” was uttered by the so-called god of the Old Testament. Sounds more like what a jealous usurper of the true God of Light would utter.

People look to leaders to follow or throw tomatoes at. Some have raised T to the level of Jesus whereas others claim he is Satan manifest. And Biden is this or that.
And so it goes in this Godless virtual reality where people want to believe in a President or Prime Minister so badly. And programming, oh my! So many things that divide people–politics, race, religion, social status, geography, nationality, and so forth. Too many to list. This were not brought about by accident. Divide and conquer.

It is folly to think that any particular political party or politician will do right by the people. They are already spoken and paid for.

#60 Michael in-north-york on 01.17.21 at 4:33 pm

#6 Apples or Oranges: “My guess is that Biden will be cancelled by his own within a few months. Pelosi and crew want to go out on a high note with a young fit woman of color in charge. Not a dude like Joe. He was a way to the means. Just saying.”

Kamala Harris is another centrist, only slightly left of Biden. If she takes the office, nothing will change except a minor shift in rhetorics.

Look at the history of nearly every revolution. Moderates use the radicals, and then throw them in the dumpster when the moderates reach their goals and the radicals are no longer needed. Not one way around.

#61 stuck at home on 01.17.21 at 4:35 pm

stuck at home… so reading the comments..awaiting the ‘fresh’ ..’do things differently’ gov’t under ‘BINHARISS’….if memory serves me..didn’t Canada feel the same about JT went he was elected?…rest my case..

#62 Faron on 01.17.21 at 4:37 pm

#40 Figmund Sreud on 01.17.21 at 2:55 pm

~75 million of disenfranchised or disempowered

I think you need to review your definitions. You can’t both be a voter who voted and disenfranchised. Just because a bloc lost, doesn’t mean it’s been disenfranchised. It only means they were on the wrong side of majority.

~88 millions of Twitter junkies

A goodly chunk of those are people who enjoy a good train wreck or those who wanted to track Trump to refute his claims.

Democrats, … truly believe that they can suppress

Of course not. Biden is a centrist and already has a better relationship with McConnel than Trump ever could. If the repubs just shut off Fox News and look at policy, they will notice that the poorer among them will be much better off. And they will get to keep their guns and religion.

#63 Keen Reader on 01.17.21 at 4:44 pm

Black & white again, as Sailo nicely put it recently. Happy for the change but not everything 45 did was bad. My portfolio certainly benefitted in the last four years. Looking forward to business as usual, instead of dodging certain flight assignments, and worrying about the impact of the next late-night tweet…

#64 Faron on 01.17.21 at 4:45 pm

Dear BillyBob,

This morning I awoke to a beautiful sunny day here in Victoria. My partner and I made our way to Mount Finlayson for a couple of laps. I patted myself on the back after each — such struggle and torment. Then we retired to Whole Foods for lunch (Organic! But, I feel guilty for eating all that gluten :-/) and sat in the sun reading our books. I’ve been enjoying “A Promised Land” by Barack Obama. I though I would tell you this to help disabuse you of your preconceptions of Victoria. However, it would have been nice to have you around to tell me how I should have lived my life today and how to be better. Nay, be best!

Cheers!

#65 Tron Light on 01.17.21 at 4:55 pm

“The rioters on 1/6 stormed the Capitol with the intent of overturning a democratic election. There is no valid comparison. Stop embarrassing yourself. – Garth”

Ha ha, yeah right! If you think that was going to happen then I have an island in the middle of the Pacific to sell you for cheap. Okay, by that logic, wasn’t that the intention of all those people rioting in the capital in 2017? Remember “not my president?”

Garth you are epitomizing exactly what is wrong with today’s politics/world. It’s called splitting hairs. Things like “mostly peaceful protests” when the video clearly shows there is looting, burning, destruction of property, assaults and even murders but get downplayed because it’s the “right cause.” Splitting hairs is doing more to divide people than anything else.

You are irrelevant if you cannot discern the difference between protest and attempted regime change. – Garth

#66 Faron on 01.17.21 at 4:57 pm

#57 Tron Light on 01.17.21 at 4:21 pm

Yo, you incite a riot the leads to a breach of the capitol, you get impeached. Period. The riotous act should have unified people in support of punishing Trump and, for the majority of Americans, it did.

It’s pretty gross how y’all are trying to sweep Trump’s mound of garbage under the rug by either downplaying, calling for unity, outright lying about what happened or comparing it to the riots that happened in the summer. Your claim for the importance of unity is a weak one when you latch on a set of lies propagated by a man who displayed zero interest in unifying a majority of Americans. Trump apologism will be sternly frowned upon by history, probably more so than it is now once, as garth intoned, we learn just how screwed up he has left the USA.

#67 ts on 01.17.21 at 4:59 pm

Now i’m beginning to understand why 1984 is currently on best seller list on Amazon. We are living in such a crazy world. Turner nation is making more sense every day…and that worries me.

#68 Faron on 01.17.21 at 5:07 pm

#2 walltiger on 01.17.21 at 12:31 pm

Source?

Now we know from which trough you sup. Advantage Fartz.

#69 Paul on 01.17.21 at 5:14 pm

Nice Chart ! Pecent of U.S. work force not in work.

Looks like Trump caught Obama’s falling Knife.

Huh? – Garth

#70 Sail Away on 01.17.21 at 5:16 pm

I did not vote in the US election this year. I had intended to vote for Trump but tossed the ballot after watching both numbskulls in the first debate. So I guess one could say my mind changed based on additional information.

Then the dumbest of the dumb wandering around the Capitol. Who could possibly think that was a good idea?

So, count me as part of the erstwhile 75 million supporters. Policies under Trump were good, business climate was good and support for the country was good. And he donated his salary which indicated dedication. Since my general inclination is to always ignore frothy baying outrage, the frenzy had no effect. Mobs will always exist and they will always be wrong. It has identified for me many intolerant people (on both sides) who feel political leanings are acceptable grounds for association/non-association. I prefer flexibility, tolerance and stimulating discussion myself.

So now Biden. Great. Fine. My prediction? This, too, will end up being either completely uneventful or personally beneficial.

#71 KLNR on 01.17.21 at 5:17 pm

@Tron Light @matt @#49 Canuck on 01.17.21 at 3:33 pm
You are free to counter any facts presented. – Garth
______________________________________________

Facts? 90% of your blog today was commentary.

You talk of Biden shooting for 100 million vaccinations in 100 days but have never said anything about the Trump administration shooting for 170 million by May. You are quick to blame Trump for the handling of the pandemic but say nothing about how poorly it has been dealt with in Canada nor the surges in England and now Germany… enough so that Merkel is leaving because she wants a complete lockdown and has been told to go pound sand.

Will you keep blaming Trump for everything until things return to normal? How Liberal of you.

I’m sure that made sense to you. – Garth-

now you’ve done it Garth.
trumpettes foaming more than usual.

#72 KLNR on 01.17.21 at 5:18 pm

@#67 ts on 01.17.21 at 4:59 pm
Now i’m beginning to understand why 1984 is currently on best seller list on Amazon. We are living in such a crazy world. Turner nation is making more sense every day…and that worries me.

lol, no.
You canuckleheads have lost your marbles.

#73 Akash Singh on 01.17.21 at 5:20 pm

Will the Muslim ban be repealed? As a Hindu I get questioned at the border when conducting business on behalf of the Big 4 firms.

#74 Sail Away on 01.17.21 at 5:21 pm

Off now for a hike up the mountain with the dogpack to snowline then a fine cozy meal in front of the fireplace and probably a few games of crib. Life is good.

#75 Billy Buoy on 01.17.21 at 5:24 pm

Tell the truth.

Markets like stimulus and debt Garth.

Nothing much else.

#76 wallflower on 01.17.21 at 5:27 pm

Hhhhhem. I have stated in the past, in defense of the comments section, that I truly enjoy the steerage section.
But today, it is bad. The bias and unsubstantiable nonsense is disturbing.
Matt and walltiger in particular. Keep going guys/gals. Looking forward to your permanent banning.

#77 walltiger on 01.17.21 at 5:27 pm

#68 Farton

https://southfront.org/man-who-stormed-capitol-stole-nancy-pelosis-laptop-found-dead-by-alleged-suicide/

#78 Michael in-north-york on 01.17.21 at 5:27 pm

#12 GAV: “He opened talks with N Korea and brought in a major peace agreement in the Middle East.”

Trump’s talks with N Korea were a disaster. He tried to raise the stakes, got a shaft from Kim, and then demonstrated that he has no Plan B. No resolve to take a military action, no capacity to buy Kim out. Then, why bother starting the affair?

Same kind of disaster with Iran. Old deal cancelled, no capacity to enforce a better deal, and Iran is busy enriching uranium.

But indeed, some warming occurred between several Arab countries and Israel, while Trump held the office. Let’s give him a credit.

#79 Michael in-north-york on 01.17.21 at 5:35 pm

#62 Faron: “You can’t both be a voter who voted and disenfranchised”

I believe, “disenfranchised” was meant in a broad sense. As in, people who feel the system ignores them no matter what, and who vote for a lesser trouble rather than for someone truly appealing.

And that is / will remain a real problem.

#80 walltiger on 01.17.21 at 5:39 pm

#65

When Nancy Pelosi visited Hong Kong during the height of riots conducted by traitors and terrorists supported by the NED, she called the destruction of Hong Kong ” A beautiful sight to behold”. Now the beautiful sight is right in her office and she is nowhere to be found, apparently, she left in a hurry and left her laptop running. Good Karma.

#81 Paul on 01.17.21 at 5:46 pm

#69 Paul on 01.17.21 at 5:14 pm
Nice Chart ! Pecent of U.S. work force not in work.

Looks like Trump caught Obama’s falling Knife.

Huh? – Garth

————————-
It’s late .oopps

#82 George S on 01.17.21 at 6:01 pm

When we were holidaying in Palm Springs a couple of weeks after Trump’s inauguration we somehow ended up right in the middle of an anti Trump protest. There were a few people yelling at each other and hundreds marching with signs, not the slightest bit of violence or vandalism.

For the people that are wondering how anyone could believe Trump’s lies, you need to take a look at what many of his supporters believe in. They believe that some guy created the world and everything in it in six days about 6000 years ago while simultaneously creating perfect, unimpeachable, flawless evidence that the universe started with an explosion about 15 billion years ago and life on earth evolved from bacteria-like things simply to act as a screening tool to be able to reject people from going to an eternal paradise after they die. Of course they are going to believe Trump. His lies are better. People would much rather believe in an eternal paradise here on earth with Trump as their leader and all they have to do is believe in him and his family, Father, Daughter, and Son-In-Law; the new holy trinity. In Trump’s name we pardon you for your sins. By some news reports he is now “selling indulgences” for up to $2M just like the church used to.
I think there are some useful PT Barnum sayings and observations that apply to the Trump phenomenon.

I think bitcoin is going to turn out to be a perfect way to destroy wealth and F stupid people. All of the unreasonably paranoid people are going to buy bitcoin to shelter their money from the government seizing it, or taxing it, or controlling it and then the plug gets pulled and all those numbers become just numbers, and return to their true value which is 0.
Bitcoin sort of reminds me of a game that I used to see people playing now and then called liar’s poker where you used the serial number on a dollar bill to make up a poker hand and tried to beat another person. Often people would bluff and if you called the bluff you would win.

#83 Roy and Horn on 01.17.21 at 6:12 pm

You are irrelevant if you cannot discern the difference between protest and attempted regime change. – Garth

________________________
Agreed!

In that case, we shall consider you irrelevant!
Regime changes aren’t lead by a dufus wearing a horned hat!

#84 Cici on 01.17.21 at 6:23 pm

#21 Never Give Up

Best, most beautiful response…EVER!

#85 jess on 01.17.21 at 6:29 pm

a nursery rhyme by the magical ted cruz
Suddenly the Sudden and the all ….as he Guarantees it

By Steve Benen
Sen. Ted Cruz (R-Texas) appeared on camera and made a bold prediction about the coronavirus pandemic.

“If it ends up that Biden wins in November — I hope he doesn’t, I don’t think he will — but if he does, I guarantee you the week after the election, suddenly all those Democratic governors, all those Democratic mayors, will say, ‘Everything’s magically better. Go back to work. Go back to school. Suddenly all the problems are solved.’ You won’t to have to wait for Biden to be sworn in. All they’ll need is Election Day and suddenly their willingness to just destroy people’s lives and livelihoods, they will have accomplished their task. That’s wrong. It’s cynical. And we shouldn’t be a part of it.”

https://twitter.com/BadCOVID19Takes/status/1330666281348030467
===============================

WASHINGTON — Members of U.S. President Donald Trump’s failed presidential campaign played key roles in orchestrating the Washington rally that spawned a deadly assault on the U.S. Capitol, according to an Associated Press review of records, undercutting claims the event was the brainchild of the president’s grassroots supporters.

https://www.cbc.ca/news/world/trump-allies-involved-rally-capitol-siege-1.5876929

#86 UmiouiuS on 01.17.21 at 6:31 pm

So I’m just about finished Obama’s new bio-book.

And Barack just raves about how well Biden works with people, away from the microphone and the spotlight.

A good leader works with the strengths of their people. Dictators do not.

Be glad that this tRump fellow is luckily, soon gone ..

#87 crowdedelevatorfartz on 01.17.21 at 6:36 pm

@#2 walltiger

“the guy who took Nancy Peloci’s laptop was found dead with eight gunshot wounds to his body. FBI concluded he died of suicide.”

“”””””””””

All I can say about this next “news” story is the Trump fans are almost as delusional as Ex Patriots with Chairman Xi characteristics…

Have you ordered the Winnie the Pooh sweater from Amazon yet?
I recommend the bright red sweater….. it will bring good luck.

https://www.snopes.com/fact-check/pelosi-laptop-cheyenne/

#88 Cici on 01.17.21 at 6:44 pm

#25 Comments!

OK, but here’s my response to your uncle Paulie:

-career politician with a spotty past as a racist and sexist who’s flip flopped on policy countless times – Sounds just like Trump

-family deeply seeded in corruption in the past and especially the present – Again, sounds more like the Trump clan

-chose a radically leftist and despised by many candidate as his VP who called him a racist and sex offender as recently as 4 months ago
– Apart from the accusations coming from a “leftist VP” sounds just like Trump, except more people were accusing him of those very things.

-won’t answer questions and has a deep mean streak when cornered with legitimate tough questions – Sounds just like Trump (and Trudeau when cornered in the House of Commons)

-easily manipulated by China – Sounds like Trump, except add Russia to that list.

-totally unremarkable 8 year term as VP with Obama – Not quite sure about that. How does Paulie define “unremarkable”? No exciting, late night tweets causing market mayhem or or armed insurrections?

sorry, Paulie. I agree with Garth. Boring is the new cool.

#89 Tron Light on 01.17.21 at 6:48 pm

DELETED

#90 Andrew MacNeil on 01.17.21 at 6:51 pm

Welcome to 2021. What amazed me in the last couple years was the amount of fabrications, lies, and disinformation that was allowed to spread. Even now, the number of people on this board praising Trump like he’s the worlds cuddliest teddy bear, is quite frankly depressing.

Why did we have to wait until insurrection for the big tech guys to stomp on it. At this point, the damage has already been done. It doesn’t matter if Trump and company are banned, their base is now permanently poisoned. There is no way any of them will ever accept fact, reason and logic. Rewind 4 years ago. At least there might have been a chance. There is no way that Biden will be able to unite the country. When 70 million people really think he and Hillary run a pedophile ring, how the hell can you run the country?

I’m happy I live in Canada. and I think we can learn from what happened in the US. Even the conservatives are relatively moderate compared to the loonies down south, and are watching for outliners.

#91 The Watcher ... Sixth Post on 01.17.21 at 6:51 pm

I think Trumps final letter, if he even leaves one, to Biden will be one word:

“Thief”

#92 jess on 01.17.21 at 6:55 pm

Should people be stripped of their titles/medals /pensions? when….
https://www.politifact.com/article/2021/jan/12/debunking-false-claims-former-lt-gen-mcinerney-cap/

#93 Joe Schmoe on 01.17.21 at 6:57 pm

The one thing JT and DT have in common is absolute incoherency. I need to record what they say and play in backwards like an early Black Sabbath record to hear the REAL message.

These guys make George W look like genius.

Good Bye Donald, after this last wave of impeachment hearings, you will be forgotten like a bad dream.

#94 crowdedelevatorfartz on 01.17.21 at 7:00 pm

@ #80 el tigre de pared

” Hong Kong during the height of riots conducted by traitors and terrorists …”

++++

Hmmmm

Have you been to HK to share your views?

#95 Nonplused on 01.17.21 at 7:06 pm

Skipping the inauguration is about the best thing Trump could do. Even Biden doesn’t want him there. The last thing they need is a repeat of Jan. 6th. I think even Trump can understand that.

There is no way Trump’s Jan. 6th speech would pass the “inciting an insurrection” test in court. But impeachments are not criminal trials. And there is precedent to impeach someone after they have left office but there is no real purpose to it other than to guarantee that person can never hold office again, so it would put Trump out for 2024. I personally can’t imagine he’ll be running again anyway. Too much water under the bridge. The right needs a new flag bearer. But will he be better or worse?

This was actually one of the closest presidential elections of all time, which is partly why it took so long to verify the results. It came down to around 60,000 votes spread across 3 states, or 0.01% of the vote. (The popular vote is highly affected by California and New York but does not alter the electoral college vote. It is set up that way by design to prevent a “tyranny by the majority”. It is also the reason the senate does not have representation by population, but instead 2 senators per state.)

So it seems that the Musk axiom holds, whatever is the most interesting thing that could happen, will happen. Sometimes I think the whole thing is a charade conducted for TV ratings and Trump was always just an actor portraying the president. We may be living in a giant version of “The Truman Show”.

——————————-

Anyway what happens next? Will Jan. 20th go off without a hitch? As a result of Jan. 6th they have certainly beefed up security and brought in the national guard this time. That should keep Washington quiet, but word is the protests are moving to the state legislatures. That should make for some interesting TV, so that is probably what will happen.

——————————–

Interestingly it seems the criticism of of big tech for censoring Trump and killing Parler is coming from outside of the US, the supposed bastion of free speech. Even Merkel of Germany has flagged it offside. Several other leaders of less important nations are threatening to regulate Facebook and Twitter if not ban them outright. And the market has spoken, if you had purchased calls on Facebook and Twitter they are now worthless.

I think this will be interesting to look back on. Sure, Mark and Jack are technological and marketing geniuses, but maybe they weren’t quite experienced enough to manage the political part of their business. And it seems like one misstep in the tech market can erase 10’s of billions in notional value. I guess we’ve seen that before with companies like Yahoo! and RIM, so it should come as no surprise. What comes next? Well, it’ll be whatever is the most interesting. Parler’s CEO and family is in hiding right now due to death threats, but look for them to find a hosting service in Iceland and absolutely explode once they are back on line. Gab is currently facing a deluge of new users such that their servers cannot keep up. But that is a simple hardware problem. Next TPTB will probably try and ghost their domain name, but there are ways around that.

Interesting times indeed. How did 2 young guys go from being broke students to being the thought police of the whole world in such a short time? But me thinks it will not last. I won’t miss them, I don’t use Facebook or Twitter anyway. I have Greater Fool to while away my hours.

#96 SW on 01.17.21 at 7:09 pm

#57 Tron Light on 01.17.21 at 4:21 pm
“…As for Biden, his cabinet posts are not awe inspiring…”

I assume you don’t know. You are wrong.

Eric Landers, for one, has inspired my awe. I took one of his courses on genetics and genomics. Kind, brilliant man.

Picking good people is the mark of a good leader.

#97 yorkville renter on 01.17.21 at 7:09 pm

Garth, you missed Chump’s biggest accomplishment – he built the wall and Mexico said the check is in the mail!

Also, he:
– lost popular vote twice.
– lost control of Congress and the Senatw
– impeached twice

among other greatest hits…

SO MUCH WINNING!

#98 Paul B on 01.17.21 at 7:13 pm

One of the interesting things I learned during the Trump years is that the FBI will use opposition research with fake facts to obtain a FISA warrant to secretly spy on a politician’s campaign. That was interesting. The Democrats were able to make hay with Russiagate for over 2 years on false evidnce that they themselves manufactured/paid for. So much for the concept of a loyal opposition.

#99 walltiger on 01.17.21 at 7:15 pm

#94 Farts

give it up Farts.

Hong Kong is now safe and secure. Thanks to the National security law. Those idiots who were waving US and Uk flags are now securely behind bars. If you are so concerned about China, why don’t you move to Taiwan, take up a bloom and protect it from China taking it back.

This is from Biden’s inner circle Graham Allison 日前宣布: Biden understands there is only one China. There is no ambiguity about one China. The capital of one China is Beijing. There is not an independent country called Taiwan and US is not going to recognize it.

give it up Farts.

#100 some guy on 01.17.21 at 7:19 pm

Its disappointing seeing so many Canadian Trump supporters. So much damage is done from the cultural pollution that leaks over from America.

#101 crowdedelevatorfartz on 01.17.21 at 7:29 pm

@#99 El Tigre
“Hong Kong is now safe and secure”…..

“The capital of one China is Beijing. There is not an independent country called Taiwan and US is not going to recognize it.”

++++

Safe and secure under a lockdown.
And if all those troops leave……. back to riots and protests….
A boiling pot with a lid tightly on it eventually bursts.

As I asked before (and you never answered).

Then why does China constantly threaten to invade the sovereign territory of Taiwan…?
For more “glorious and harmonious ” enlightenment brought to them by Chairman for Life Xi??

#102 Nonplused on 01.17.21 at 7:31 pm

#35 Sara on 01.17.21 at 2:39 pm
#5 Paige

““Why is it suddenly acceptable for State governors and election officials, as well as State AGs to change rules regarding election process ”

COVID caused many changes. Trump lost the election fair and square.”

The AG’s did not have the authority to change election processes, only state legislatures can do that. They didn’t. Covid doesn’t trump the law.

#103 Oracle of Ottawa on 01.17.21 at 7:31 pm

Let’s not give Donald too much credit for the 75 million votes the Republicans garnered. A lot of them would have voted Republican regardless of who the leader was.

#104 -=with wings=- on 01.17.21 at 7:33 pm

@#5 paige

Why is it suddenly acceptable for State governors and election officials, as well as State AGs to change rules regarding election process which is absolutely in violation of the Constitution they profess to be protecting?

You’d have to ask the republican state bodies that passed those rules. In PA the republican dominated legislature passed their new rules in October of 2019. The democrats voted against it. The first challenge to the law was on Nov 9 2020. Hmm.

Remember, a case dismissed on standing is not the same as a case dismissed on merit.

57 of the 61 cases were dismissed due to lack of evidence. You don’t get to book a date in court, then present your evidence later. You have to have SOME evidence to indicate there is SOME probability your case MIGHT have merit. Not a single case had any such merit.

And that should terrify you!

The only thing terrifying is that there are still people who believe the moon landings were faked, 9/11 was a hoax and Trump won the election.

#105 SoggyShorts on 01.17.21 at 7:36 pm

#43 The world is ours on 01.17.21 at 3:09 pm
A peace-loving, tell-it-like-it-is GIANT. Trump is the first politician I have ever loved
*******************
Insane. How can anyone still say that the least honest president in history “tells-is-like-it-is”?
HOW?

There are entire websites dedicated to listing his lies. Willful ignorance I guess?

#106 TurnerNation on 01.17.21 at 7:37 pm

“Time will tell how narrowly we escaped the full impact of this man. If at all.”

Wait a sec 4 years of Orange Man policies and governance and the stock market hit records highs?
I thought this was an investment weblog!!
Capital is mobile, and smart.

….

Someone had a theory that CV could be like an aerosolized HIV. In that it weakens you such that you get something which is going around. Wintertime brings flu most readily. Others are not so lucky and have immune collapse due to more serious stuff getting them. As HIV would.

Also note both things appeared out of ‘nowhere’ (from a monkey, and bat we were told?? ) and spread around the world. Or did these things come from a man. Made.

With that in mind is this false positive perhaps nothing to do with the vax but simply what they already had ?

https://www.msn.com/en-gb/news/world/australia-terminates-university-of-queensland-vaccine-deal-with-csl-after-false-positives-for-hiv/ar-BB1bPb46?

The Australian government has terminated its agreement with Australian biotech company CSL Limited to supply 51m doses of a Covid-19 vaccine being developed by the University of Queensland, after vaccine trial participants returned false positive test results for HIV.

#107 Ponzius Pilatus on 01.17.21 at 7:43 pm

Picture caption:
Goodbye, Resolute Desk.

#108 The orange guy ... on 01.17.21 at 7:44 pm

could have so easily won the election. All he had to do was keep his mouth shut and treat Corona with some sort of seriousness. Maybe just keeping his mouth shut alone would have won it. But of course he couldn’t, and for that I am thankful. Good riddance.

#109 Wrk.dover on 01.17.21 at 7:44 pm

With of the on going, Mr. Market needs to report to Re-hab, stat, and get the bubble monkey under control.

#110 Paul on 01.17.21 at 7:49 pm

Do think Biden should wait, you know till at least till the ink dry on his oath of office and has a week to assess things?

https://www.dailywire.com/news/biden-to-reverse-trump-policies-during-flurry-of-executive-orders-in-first-days-in-office

#111 Bonobo on 01.17.21 at 7:49 pm

Your one sided view of the situation is sad. It really is too bad the virus played such a huge role in getting Trump removed from office and had it not happened the conversation would have been very different. Now Biden is cancelling Keystone XL on day one. Sockboy is probably rubbing his hands with glee that this will happen. I’ve read your blog for years and can’t understand how you call yourself a conservative.

Covid did not get Trump removed, rather his handling of it. A caring conservative would have put duty before power. – Garth

#112 Irish Stew on 01.17.21 at 7:49 pm

Keystone dead in a few days.
That should help our friends in the West.

#113 Nonplused on 01.17.21 at 7:52 pm

#97 yorkville renter on 01.17.21 at 7:09 pm
Garth, you missed Chump’s biggest accomplishment – he built the wall and Mexico said the check is in the mail!

Also, he:
– lost popular vote twice.
– lost control of Congress and the Senatw
– impeached twice

among other greatest hits…

SO MUCH WINNING!

———————————

– There is no such thing as “the popular vote” at the federal level, that only applies at the state level. The states are democracies, the US is a republic.
– It is up to the senators to get themselves elected.
– So far impeached zero times. He was acquitted the first time and possibly will be again.

#114 Prince Polo on 01.17.21 at 7:52 pm

https://www.foxnews.com/politics/sen-graham-biden-trump-impeachment-stand-down

I thought I heard Graham say on Jan 6, that “enough was enough”. I guess he forgot and continues to pledge allegiance to Team AnythingButDems.

Looking forward to Biden’s Twitter feed: @zzzzzzzzzzz!

#115 Bonobo on 01.17.21 at 7:53 pm

War is about to break out over the next 4 years – only a matter of time now. One more thing: China is not the problem – COMMUNIST China is the problem!

#116 walltiger on 01.17.21 at 7:54 pm

#101 Fart‘s

Your understanding of Asian affairs is pathetic.

I suggest you find another tree to bark on.

#117 Ustabe on 01.17.21 at 7:54 pm

A couple of observations. First a Trumpian accomplishment for all you Magtards.

“Trump’s Justice Department resumed federal executions last year following a 17-year hiatus. No president in more than 120 years has overseen as many federal executions.”

“Number of federal death sentences carried out under Trump since 2020 is more than the previous 56 years combined.”

He does love his people, right?

Second the tiger guy posts links that are real interesting to run through whois. If you enjoy accepting information from foreign actors, fill your boots but TigerMoth seems to have left China simmering while he ventures into the US political commentary game using Russian disinformation.

Finally if you do not know what whois is or can’t figure out how to use it, well I don’t know what to say, this coming from a mid 70’s guy with no IT training or classes at Elder College about the Internets.

I’m seeing how cults can form, solidify and become almost mainstream in real time tho…

#118 Paul on 01.17.21 at 7:56 pm

103 Oracle of Ottawa on 01.17.21 at 7:31 pm
Let’s not give Donald too much credit for the 75 million votes the Republicans garnered. A lot of them would have voted Republican regardless of who the leader was.
———————————————————————————————— Might be true look at the Votes for Biden. He basically hid away during the campaign.

#119 Ponzius Pilatus on 01.17.21 at 7:56 pm

#30 crowdedelevatorfartz on 01.17.21 at 2:09 pm
@#13 walltiger

President Xi knows full well that the last communist revolution started with the peasants in the countryside.

He cant ignore their complaints of corruption, poverty and the lure of jobs in the city.

Unfortunately the Cities are already bursting at the seams and hundreds of millions more unregistered migrants will only make crime , pollution and poverty….worse.
No matter how much money you throw at it.
Vancouvers homeless are a prime example.
——————–
Hey, buddy stop extrapolating Vancouver to China.
And again, what makes you an expert on China?
How many of the homeless in Vancouver are Chinese?
Go count them and report back.

#120 Job#1 on 01.17.21 at 7:58 pm

walltiger

If my memory serves, your debut comment on this blog was a precis of Chinese history that did not do justice to the topic in more ways than one. I can only guess you’ve been trying to remedy that shortcoming in your successive comments. But…I am curious why you come to a finance/RE blog with your PRC boosterism to bludgeon the readers with your “correct” version of events.

#121 yvr_lurker on 01.17.21 at 8:03 pm

#65

#80 When Nancy Pelosi visited Hong Kong during the height of riots conducted by traitors and terrorists supported by the NED, she called the destruction of Hong Kong ” A beautiful sight to behold”. Now the beautiful sight is right in her office and she is nowhere to be found, apparently, she left in a hurry and left her laptop running. Good Karma.

————————-
Give it up. Indeed, those citizens who stay in HK will be completely subjagated to the will of Beijing in a short time. Many who have means and a wish for their kids to have a future will leave (UK, Australia, Canada, etc…), as so many have a second passport already. Universities, such as HKUST (the MIT of HK) will lose many of its stars (I personally know four such people who are heading for the exits) and will be in steep decline.

Hopefully, when all of this pandemic is over, the western world wakes up to the reality of the “real china”, and provides incentives for key industties to be repatriated or to set up elswhere. Recognizing Taiwan as an independent country would certainly be a good step forward.

When do you plan to repatriate? There may be less flights going there going forward.

#122 Paul on 01.17.21 at 8:03 pm

#100 some guy on 01.17.21 at 7:19 pm
Its disappointing seeing so many Canadian Trump supporters. So much damage is done from the cultural pollution that leaks over from America
————————————————————————————————
Leaks over be damed jammed down you throat more like it.If it was for America news = Trump and Covid 19 our 24 hr.news channels would be 45 minutes.

#123 Sail Away on 01.17.21 at 8:04 pm

Anyway… back to financial matters…

I always enjoy the tax season, and luckily, being dual US/Cdn citizens, our family gets to file two sets of taxes. It’s satisfying to fully understand all financial aspects of the burgeoning family dynasty. This year was also the first with the offshore corp which was fairly straightforward if you enjoy multiple-jurisdictional tax filings.

So… US FBARs done, corp taxes done, all that’s left are personal after tax forms are done. Some whopping capital gains but also some losses to offset a bit.

#124 binky barnes on 01.17.21 at 8:04 pm

All the instability during the Trump presidency has made me thankful that we have a rock, an absolute rock, leading our fine nation. I mean he is not really a rock, I am ‘speaking’ figuratively, of course.

BB

#125 Ponzius Pilatus on 01.17.21 at 8:17 pm

As a Pacifist, I give Trumpus (his Latin name) full credit for pulling troops from Arab countries.

#126 Sail Away on 01.17.21 at 8:18 pm

#100 some guy on 01.17.21 at 7:19 pm

Its disappointing seeing so many Canadian Trump supporters. So much damage is done from the cultural pollution that leaks over from America.

————

Hey SG, you can take comfort from the following:

1. There are more Trump detractors
2. People are entitled to their personal opinion, and
3. You can choose to ignore it without it affecting your life

What damage do you speak of?

#127 walltiger on 01.17.21 at 8:49 pm

#119

“How many of the homeless in Vancouver are Chinese?
Go count them and report back.”

zero.

I hope you can tell the difference between Indigenous and Chinses. Oh, sorry, you can’t。 Asians all look the same.

Knock it off, boys. – Garth

#128 crowdedelevatorfartz on 01.17.21 at 8:50 pm

@#116 El Tigre
“Your understanding of Asian affairs is pathetic.”

+++

I guess that what happens when I get my news from Wesrtern media with no Chinese characteristics…

Did you hear the latest?

Covid found on ice cream in Taijin ….

https://news.sky.com/story/covid-19-ice-cream-tests-positive-for-coronavirus-in-china-12188761

I wonder if its the same entrepreneurs that bottled a fertilizer by-product known as melamine and sold it as baby formula a few years back……

https://qz.com/1323471/ten-years-after-chinas-melamine-laced-infant-milk-tragedy-deep-distrust-remains/

Totally off subject.
Have you purchased your Winnie the Pooh sweater yet?

#129 Ponzius Pilatus on 01.17.21 at 8:53 pm

As far a judging Xi is concerned, I’m waiting for how he and Biden are going to get along.
People here are riding on Xi while ignoring Putin.
At least Xi is being seen in public.
Putin has been holed up in the Kremlin for almost a year now.
Scared to death about the virus.

#130 crowdedelevatorfartz on 01.17.21 at 8:59 pm

@#119 Ponzie the Panda Panderer
“Hey, buddy ….”

+++++

I knew you’d eventually see things my way brudda

#131 Wrk.dover on 01.17.21 at 9:02 pm

DELETED

#132 Freedom First on 01.17.21 at 9:42 pm

Love your blog Garth!

I was just thinking. I am near 70, and I feel very fortunate that I have lived a life of tremendous freedoms.

I admire the continents I have visited as well as their different countries, and being treated like a human being wherever I went. Since 9/11, sadly, this is no longer true.

From flying, to going through customs, each year since 9/11, it has worsened ever year, in every way imaginable. It has gotten to the point, that even reading Garth’s Blog, knowing history as well as I do, and keeping up with current events world wide, it appears the world is headed for war. Hatred is thriving.

Freedom First

#133 greyhound on 01.17.21 at 9:42 pm

Some of that is quite true. A balanced and diversified, 60/40 portfolio in 2019 did great.

It’s done great since 2009. Because the central banks conjured trillion$ into existence & forced interest rates below zero.

Net worth doesn’t care much. Gains are gains. And more are coming. – Garth

#134 Lead Paint on 01.17.21 at 9:47 pm

#1 walltiger on 01.17.21 at 12:23 pm

China has done an amazing job raising hundreds of millions out of poverty.

However, can’t you say a single negative thing about Xi? People here criticise their own leaders are the time. Are you afraid?

And don’t give some false criticism like “He’s too nice for his own good”.

Can’t people in Taiwan or Hong Kong live under the laws, government and freedom they choose, not CCP? If not, why not?

You posted links to YouTube, will you not miss access to free information, not just want CCP allows you to see? Won’t you miss freedom when you move back?

#135 Pissy Fortune Teller on 01.17.21 at 9:54 pm

China’s economy grew2.3% in 2020 — accelerating global rise

https://ca.finance.yahoo.com/news/china-economy-grew-2-3-020222443.html

#136 KAC on 01.17.21 at 9:56 pm

“You are free to counter any facts presented. – Garth”

Biden stated he “prefers truth over facts”. Presumably he meant his truths over facts.

“The rioters on 1/6 stormed the Capitol with the intent of overturning a democratic election. There is no valid comparison. Stop embarrassing yourself. – Garth”

Trump had asked Pence to use his Constitutional right to return the Electoral votes for reconsideration by those states who’s legislators had claimed their initial vote certification was suspected of being tainted by fraud. Most of Trump’s supporters appear to support that means of protecting democracy.

“Covid did not get Trump removed, rather his handling of it. A caring conservative would have put duty before power. – Garth”

I doubt that Biden’s demands to keep the flights coming in from Wuhan would have been helpful if followed.

“#62 Faron: “You can’t both be a voter who voted and disenfranchised”

You can if, as many claim, the votes were stolen.

#137 Tron Light on 01.17.21 at 9:58 pm

#89 Tron Light on 01.17.21 at 6:48 pm

Wow, deleted!

#138 Pacho Veela on 01.17.21 at 10:31 pm

#64 Faron on 01.17.21 at 4:45 pm

Dear BillyBob,

This morning I awoke to a beautiful sunny day here in Victoria. My partner and I made our way to Mount Finlayson for a couple of laps. …. I though I would tell you this to help disabuse you of your preconceptions of Victoria. ”

Enjoy your paradise weather in the low single digits! LOL. Alot of delusional people who think that horrbile rainy place is some kind of paradise. Give me Mexico any day.

#139 Reality is stark on 01.17.21 at 10:39 pm

Biden the China lover certainly has his priorities straight as he extolls his poverty for all in North America vision.
He will offshore your job and you will be oblivious to the coming permanent 25% unemployment rate after he’s spent oodles of money on programs that are administration heavy.
The Democratic plan to kill you softly works, eventually.

#140 Vaccine on 01.17.21 at 11:26 pm

DELETED Anti-vax.

#141 The Mandrake Mechanism on 01.17.21 at 11:57 pm

You all drank the kool aid – i said when you elect Biden you will have elected your first female black President – and not like the one drop rule guy that bailed out wall street in 2008.

You all enjoy running your portfolios, and this continent on a credit card. There is no problem in collapsing the rust belt, selling it back to China for pennies on the dollar, then re-hiring at 50% of the previous union scale wage.

Chinese distributors like Dollarama trade at $50 while Cdn plane manufacturers trade at $3 – is Bombardier still listed? Who cares.

Who loves Biden? Ask Alberta/Saskatchewan. Ask anyone who wears a “buy american” baseball cap.

“cash” and “debt” – both 4 letter words – but which one is ….dirty?

Waiter may I have the bill please?

#142 Future Expatriate on 01.18.21 at 12:46 am

50/50 Trümp doesn’t take the football and nuke China (and thus the US in retaliation) on his way out the door (with the less than handful of sycophants it takes to pull it off) and leave the glowing US on an escape flight to Russia. Hope I’m wrong. 3 days.

So far there’s been no bottom for this thing some people call a man.

#143 Nonplused on 01.18.21 at 12:55 am

#72 SoggyShorts on 01.17.21 at 1:39 am
#50 Nonplused on 01.16.21 at 7:01 pm
#4 SoggyShorts on 01.16.21 at 1:47 pm

“That seems reasonable, but works against the sliding scale. If we assume that we want to reduce the gains inclusion so that those selling their PR after 10 or 20 years aren’t hit by taxes at all then combining that with the 1-year allowance you propose would just lead to flippers flipping until they are done, and then they sit on the last one until the clock runs out.”

Every time I come up with a point you come up with a good counter point, but that seems reasonable because it is not an easy question and does not have a simple answer.

The flippers would have to live in the house though, I think already you have to live in it at least 1 year to be exempt. I am sure people cheat though.

This is slightly off topic, I don’t think you raised it, but a capital gains tax on houses can in certain cases greatly increase your effective tax rate for the year. So if your marginal tax rate is 30% but you had a $200,000 capital gain, your marginal rate is not going to be 30% that year. It will be more like 50% (higher in BC). So if that capital gain took 10 or more years to achieve, it seems usurious. So then what do we do? Go back through all the tax records over the time the house was owned and recalculate them, prorating the gain?

Your sliding scale might be one way to deal with it, but I still think it handicaps people who have to move for some reason. I think they should only have to pay a gain on any profits less the cost of the new house. Otherwise we are all going to be borrowing money to pay taxes on gains we really didn’t enjoy every time we have to move.

(PS I have been frustrated with the way marginal taxes are applied for some time, because my income has been quite punctuated. Some years I have made over $200,000, so much of it in the top bracket, but other years none, so I paid zero but had no income. The net effect is that my tax bracket is much higher than my average income would suggest. I used to be able to use my corp to smooth the earnings so my taxes reflected my average income, but no more. Trudeau and Morneau took care of that.)

#144 Nonplused on 01.18.21 at 1:19 am

Soggy,

A PS on my frustration with marginal tax rates using as an example our favorite Canadians; hockey players. For this season the minimum wage in the NHL is $700,000 (US). Many of those players will not play more than 2 seasons. So after their parents have invested tons of time and money and they have dedicated their whole life to this pursuit, after tax they end up with $700,000 (minus what they spend, so maybe nothing) before they go on to become taxi drivers, bar tenders, and used car salesmen. That is not a bad chunk of change, but it highlights one of the problems with the tax system; it assumes linearity and perpetuity. The child support system does the same thing. Try arguing in front of a judge you should pay less child support because you lost your job and are now driving for uber. Because judges have never faced a job loss, they don’t understand the concept of punctuated income. The tax system does not either.

#145 Diamond Dog on 01.18.21 at 1:25 am

Excellent piece once again, Garth. We just endured 4 years of a presidency occupied by someone with an obvious mental health issue. The narcissism, it’s going to take a while for the U.S. to recover from this lasting damage Trump left behind from the economic damage and reputation to the propaganda and social damage.

It would be good to remind ourselves that people with personality disorders, it’s socially learned (it can be physically augmented, but its mainly social) and can therefore, be socially normalized and taught.

I remember a while back researching for a comment on mental health, according to an organization representing 10,000 psychologists (maybe it was 14,000, it was 2.5 years ago or so), 9% of the adult population has a personality disorder and another 9% has a mental health condition that is related to brain trauma or injury, alcohol & substance abuse, dementia, Alzheimer’s, its physically related.

Basically mental health conditions are a 50/50 split from socially learned to some level or form of brain damage comprising 18% of the population. With Trump, his mental health condition was socially learned and point is, through media and high exposure, Trump can normalize his own behavior. It’s what demagogues do and their influences should be seen in this light. Realistically, the only true way to deprogram the masses is through public education and media, starting with mental health and the basics with personality disorders. It would be good to start there for:

A broken man does broken things.

Speaking of splitters… splitting or “all or nothing” “black and white” thinking typified by idealization/devaluation:

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

Good shrinks look for patterns before they compartmentalize a diagnosis into a disorder. Some PD’s share patterns like splitting with Narcissists, Borderline PD’s and Histrionics. Examples of some common patterns shrinks look for are minimization/exaggeration, histrionic behavior, complex’s like the God complex, Dunning-Kruger, superior/inferior, Hubris, megalomania, self righteousness, stereotyping, supremacy, egotism, paranoia or one of my personal favorites, the “Napoleon complex”, closely associated with reverse discrimination and “the grass is greener on the other side” complex (just made that one up :).

Where was I… good shrinks look for patterns of distorted reality and pool them together to see where it fits, patterns like splitting and making stuff up. Take this quote for an example:

“Meanwhile, the guy who took Nancy Peloci’s laptop was found dead with eight gunshot wounds to his body. FBI concluded he died of suicide.”

A lie? Or a fallacy purported by someone who believes everything they read (read the link, it’s frighteningly more common than we think):

https://www.washingtonpost.com/local/education/you-cant-believe-everything-you-read-online-many-students-dont-seem-to-know-that/2019/11/17/06a171f2-0670-11ea-ac12-3325d49eacaa_story.html

https://meaww.com/christopher-stanton-georgia-trump-supporter-capital-arrest-kills-himself-who-was-he-loving-father

#146 Keith on 01.18.21 at 1:46 am

Cambridge House puts on investment conferences, the Vancouver Resource Investment conference always has a great featured speaker. This year they got former Prime Minister Stephen Harper for a wide ranging discussion of the crisis, the economy, politics and industry.

Ex politicians are a great source of not only information but perspective as well, and Harper really delivers the goods in this interview. It’s 45 minutes very well spent, starting at 2:14.

https://www.youtube.com/watch?v=J7a8hDEKhTM

#147 Gar C on 01.18.21 at 2:03 am

Biden announced today Keystone XL will be revoked.
Enbridge Line 3 which supplies Sarnia 400,000 BPD,will be shutdown, Ohio & Ontario, will scramble for feedstock.
That is one million BPD that Alberta can’t export Jason Kinney is freakin out=PST is coming.
Looks like Trudeau is making friends with Sleepy Joe, remember that when you fill up in Ontario.

#148 fishman on 01.18.21 at 2:37 am

Vancouver had its very own Trump. Before, then during early Trump. Murray Pezim. Pezim was a Kosher butcher that the good decent citizens of Toronto ran out of town. The other one,not Jewish, ran out of New York by the decent ,good citizens. Probably the ,not Jewish one, had more money. Both got the family fortune started by running businesses in British Colombia getting paid in gold. You could say they were goldbugs. Large fleshy men. Promoters. Bikers call these type of men “spark plugs”. They start the engine. Run it on premium grade charisma.Both owned professional football teams. Both went sorta broke dabbling in the entertainment industry. Murray lost a small Hawaiian island & all his cash to Muhamed Ali’s crew over the Ali Chuvalo fight. Order of Canada stuff. All on the line to bring the worlds greatest fighter to fight our greatest fighter in our countries greatest fight. The other guy got cleaned out by the casinos. My oh my, aren’t we surprised. Bet that never happened before. Similar appreciations in women. Murray’d send fellows from the floor of the VSE to collect information from the girls working in the mining co. offices. He told them to concentrate on the one with the biggest tits. Thats the one the rich guys like. Thats the one with the most information.
Both let the market decide. Models,beauty queens, porn stars, executive assistants, typists, receptionists, legal aides. Willing buyer, Willing seller.
Murray left us a wing added onto VGH with a surgeon son to practice in it. The Don has yet to leave his golden haired daughter to heal wounds.

#149 Inconvenient truth on 01.18.21 at 3:35 am

What a complete waste of time the comment section was today! Despondent to the the core.

#150 Diamond Dog on 01.18.21 at 4:33 am

#2 walltiger on 01.17.21 at 12:31 pm

meanwhile, the guy who took Nancy Peloci’s laptop was found dead with eight gunshot wounds to his body. FBI concluded he died of suicide.

#68 Faron on 01.17.21 at 5:07 pm

Source?

#77 walltiger on 01.17.21 at 5:27 pm
#68 Farton

https://southfront.org/man-who-stormed-capitol-stole-nancy-pelosis-laptop-found-dead-by-alleged-suicide/

#99 walltiger on 01.17.21 at 7:15 pm

#94 Farts

give it up Farts.

What this persiflage back and forth demonstrates is, walltiger is a pretty fart smeller. This, plus walltiger really “does believe everything he reads”.

Maybe walltiger will read the link below and realize that it was Nancy Pelosi’s aid that had her laptop stolen and not Nancy’s “this entire time” and that the death of Christopher Stanton Georgia was ruled a suicide from a “single” gun shot wound to the chest by real media and that walltiger’s link is utter fake news.

https://www.msn.com/en-us/news/politics/what-we-know-about-the-laptop-that-was-stolen-from-nancy-pelosis-aide-during-the-capitol-siege/ar-BB1cNP7f

Btw, readers can do a search on “Nancy Pelosi’s laptop” for 100 different versions of the same conspiracy to get an idea of just how much appetite there is for an alt universe for the simple minded and easily led. It’s an excellent example of the extent of fake news out there.

#151 Billybob on 01.18.21 at 5:39 am

#64 Faron on 01.17.21 at 4:45 pm
Dear BillyBob,

This morning I awoke to a beautiful sunny day here in Victoria. My partner and I made our way to Mount Finlayson for a couple of laps. I patted myself on the back after each — such struggle and torment. Then we retired to Whole Foods for lunch (Organic! But, I feel guilty for eating all that gluten :-/) and sat in the sun reading our books. I’ve been enjoying “A Promised Land” by Barack Obama. I though I would tell you this to help disabuse you of your preconceptions of Victoria. However, it would have been nice to have you around to tell me how I should have lived my life today and how to be better. Nay, be best!

Cheers!

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

How nice! Good call to go on a weekend, the traffic past Goldstream is atrocious during the week.

Although, I confess I had you pegged more as a “Pretentious Poutine at The Pink Bicycle” kind of guy rather than “burrito bowl at a strip mall”. I assume you chose Whole Foods for its proximity to Walmart?

*sigh* You can take the American out of the US…

The Obama book is well on point though, kudos! Bonus points if you were wearing trendy reading glasses and had a bong nearby.

#152 BillyBob on 01.18.21 at 6:34 am

Ok, ok. Something more economics-oriented. National budgetary deficits.

There has been some dismay expressed at the sheer size of what Trudeau and Co. have, and will continue, to spend. Others have been dismissive, basically saying “everyone’s doing it”. (A rationalization that didn’t really fly with the folks when one was a teenager, but is apparently valid now?) Garth published a chart comparing Canada with other G7 nations – Canada outspent everyone, wooooo! #winning – but a local news piece gave me perspective with comparisons to figures closer to home.

Thanks largely to Covid, the Czech Republic ran up their largest deficit in history, of 367 billion Czech Crowns (CZK), or about 21.6 billion CAD.

https://english.radio.cz/economist-despite-record-2020-deficit-czech-outlook-rosier-most-coming-years-8704838

Canada, of course, went from “no deficit” election promises, to 20 billion, to…381 billion CAD. (Well THAT escalated fast!) Reserving another 100 billion for, well, whatever. Because…it’s 2021.

Interestingly, the Czech parliament had authorized a deficit up to 500 billion CZK (30 billion CAD). Yet, the incumbents underspent that by greater than 20%.

Try to imagine that. A government with a) limits and b) that spends less than the limit.

But, but, some sputter, apples to oranges! Canada is much larger! Ok. It’s 3.5X the population. GDP is 7X that of wee little CR.

Yet Canada’s deficit is about 18X larger.

No problem! Canada is a wealthy country, well able to pay its debts into the future with it’s large, diversified economy, right?

Except, is it that diversified? Resource revenue has been wilfully destroyed. What exactly will replace it? You have to look a long way down the list to find Canada.

https://en.wikipedia.org/wiki/Economic_Complexity_Index#Country_rankings

Just my amateur macroeconomic musings. *shrug*

But it sure does seem that the S&P500 isn’t the only entity trading far, far in excess of future potential earnings…

#153 Sky on 01.18.21 at 7:37 am

@ walltiger :

My final post to you :

You’re doing a fine job of confirming what many people only suspected — That you can come from mainland China as a teenager, spend 40 years in Canada enriching yourself, and then STILL identify yourself with & defend brutal CCP actions. CCP values aren’t Canadian values.

You outed yourself as a CCP shill when you started spouting the one China nonsense. One China? What one China?

China’s more fractured than just about any country on this planet. Hundreds of different dialects which in fact are separate languages. If you can’t speak Beijing Mandarin – you’re hooped.

Impoverished peasants, migrant workers who only see their families for a few days each year, corporate factory serfs, few human rights – all under a panopticon surveillance grid. And all this juxtaposed with the enormous wealth of the communist elites.

The Chinese in Hong Kong don’t BELONG to the CCP. They have nothing in common with them. HK has a different set of values & economic system in addition to a separate language (Cantonese) – which the Mandarins of Beijing are trying to eliminate. CCP also broke their treaty which was to allow HK to remain an autonomous zone until 2047.

The only thing spawning the modern “one China” is the jackboot of the Chinese Communist Party. Brutal, atheist & materialist – the hallmarks of communism everywhere. HK isn’t about to be ‘united’ into mainland China – it’s being DOMINATED by them.

I don’t give a damn how rich & powerful China’s cities get. Let them. All they are is shiny new cars. Soon enough doomed to rust & the scrap yards. The West has something infinitely more powerful. Language and free speech. Although free speech is now under attack here too.

English is my second language. Had to start school without a word of it & to this day still struggle with those damn prepositions. But what a marvelous language.

Modern English is the international language of commerce for a reason. It’s user friendly. Gender-neutral, and with no diacritical marks. 26 little letters to learn & a few punctuation marks… and away you go.

But English is also expressive & malleable. It’s an art form which allows for endless INDIVIDUAL creativity & great literature. The character languages are all straight jackets in comparison. An ordeal rather than a simple pleasure.

Written languages are the medium through which scientific knowledge & concepts & IDEALS have been kept alive & growing for centuries in the West. They foster both inspiration and innovation.

Now why haven’t you used the English language to enrich yourself on concepts such as freedom & human rights? You’ve had every opportunity & a mountain of books to choose from. Instead, you’ve used English here to spread Chinese communist propaganda. What a travesty.

PS – I take back my earlier apology to you. Anybody on the side of human organ harvesting & slave labour camps isn’t my kind of person.

Over and out.

#154 David Hawke on 01.18.21 at 7:54 am

From TurnerNation’s post.

Also note both things appeared out of ‘nowhere’ (from a monkey, and bat we were told?? ) and spread around the world. Or did these things come from a man. Made.

Good question!

#155 Re-Cowtown on 01.18.21 at 8:29 am

And Biden looks like he will kill the XL pipeline on Day One and get back into the Iran nuclear deal. How do you like Biden now?

It takes real insight to support someone who’s willing to gut Canada and start sucking up to terrorists. And I mean real terrorists. Not the kind that CNN hallucinates are working as Wal-Mart Greeters and Olive Garden cooks.

#156 Andrew on 01.18.21 at 8:31 am

Not a Trump fan but raising corporate tax and minimum wage will surely win favour of middle class American in the short term. China, India and Africa will also love it in the long term. North Americas rein of strength over the world economies will be eroded away over the next 4 years and Trudeau is sure to follow Biden around like one of Garths photo puppies. Money printing of epic poportions will over inflate every investment around until it doesn’t.

#157 millmech on 01.18.21 at 8:34 am

After seeing multiple articles like this I am loading up on drug company stock, so many people I know are on anti depressants/anti anxiety pills now and will never get off them.
Parents now have their kids on this stuff (which is not easy to discontinue because it is highly addictive) because of the constant bombardment by media that they are going to be the ones to kill gramma.
I wonder how these seniors would feel if they new that our most prolific killers, rapists, child molesters, drug dealers are first in line for the vaccination and are considered more worth saving than them.
https://www.msn.com/en-ca/news/canada/ontario-seniors-living-in-fear-of-covid-19-feel-forgotten-in-vaccine-rollout-plan/ar-BB1cQGKv?ocid=msedgntp

#158 George on 01.18.21 at 8:39 am

the covid repsonse has been an epic failure by govt and public health. It is mind boggling.

cbc (yeah, with all its wonderful censorship, haha..) allows this to print ? shocking !

https://www.cbc.ca/news/canada/british-columbia/covid19-high-risk-populations-1.5876440

#159 crowdedelevatorfartz on 01.18.21 at 8:43 am

153 Sky

Careful.

Well reasoned arguments have a tendency to send walltiger into a frenzy of slogan spouting.

#160 Albertastrophe on 01.18.21 at 8:46 am

Alberta is about to be wrecked.

Keystone is the capstone of 40 years of nitwit, Conservative incompetence. Jason is just the cherry on top.

Never maxxing out the Heritage Fund, instead gutting it for short-term tax gimmicks. Never diversifying, never planning for the future. Captive to right-wing ideology and completely oblivious about the environment and the planet that sustains us all.

A province of Greater Fools like no other.

Never forget what Alberta is now about to experience, Canadians.

On the positive side, perhaps more retirees may consider moving to Edmonton or Calgary five years from now.

House prices should be about $60,000 for an urban detached by then.

#161 Albertastrophe on 01.18.21 at 9:15 am

Albertans need to get rid of Kenney. He is an idiot who is going to drag the Province down the sewerhole.

His election as leader was demonstrably fraudulent, in ways that Trump could only dream of.

https://www.cbc.ca/news/canada/calgary/ucp-leadership-voter-fraud-membership-lists-data-1.5091952

Alberta needs to pivot, immediately. Joe Biden will not help, but he will shine a light on what reality and the future will be like.

Get rid of Kenney and the UCP, or lose all hope forever, Alberta.

Do we have what it takes?

#162 Albertastrophe on 01.18.21 at 9:21 am

Alberta in 2035?

Maybe 1/2 the current population.

The Elliot Lake of Canada.

#163 Falcon on 01.18.21 at 9:32 am

Written by a true hater with Trump Derangement Syndrome to tickle the ears of Canadian Liberal losers. Play it forward and warp speed will be credited with saving 10’s of millions of lives. What could go wrong for Canada with a know Marxist running the powerful budget committee? Canadian’s get what they deserve, your idiot Biden fan boy has already canceled the Keystone accord.

#164 Firsttimelongtime on 01.18.21 at 9:38 am

“#12 GAV on 01.17.21 at 12:54 pm
You forgot:

He kept the USA out of the Paris Climate Agreement. And during his time the USA reduced carbon emissions more than any other country.

He pulled USA troops out of every conflict and didnt start any new ones. He resisted the vast USA military complex.

He opened talks with N Korea and brought in a major peace agreement in the Middle East.

In comparison, Obama got the Peace prize for showing up.”

YYYYYYYUP! Every president has been just as much of an unscrupulous heel in one way or another but we focus on whatever the media tells us to. If CNN spun it the opposite way everyone would love him. It’s a little funny but mostly scary.

#165 Sky on 01.18.21 at 9:46 am

Extremely poor inauguration optics in DC. 25,000 militarized troops. Humvees with loaded M-16s. Are they preparing for riots or a full on Russian invasion?

This must be sending shivers down the spine of anybody from around the world who’s ever lived under a dictatorship. All that’s missing is the helicopters and the tanks.

And all of this security overkill is for the party that supports the BLM ‘ defund the police’ movement.

#166 Sail Away on 01.18.21 at 9:56 am

#160 Albertastrophe on 01.18.21 at 8:46 am

On the positive side, perhaps more retirees may consider moving to Edmonton or Calgary five years from now.

House prices should be about $60,000 for an urban detached by then.

————–

No, no… you got it wrong. People slog it out in those places so they can sock away enough to retire to BC.

#167 Dharma Bum on 01.18.21 at 10:04 am

Here are clips of Biden’s inauguration speech:

https://www.youtube.com/watch?v=AS8X2Qp_6aA

#168 Arse on 01.18.21 at 10:08 am

I do pay less taxes because I am permanently disabled. Also all my stock accounts are in TFSA.

#169 the Jaguar on 01.18.21 at 10:38 am

Holy Moly…checking out some of these early morning posts it appears Devon Page from Vancouver based Ecojustice has joined this blog. So ‘Anti Alberta’. The reports of our demise are of course exaggerated….

Wonder who will be on the ‘Pardon” list. Julian Assange? Edward Snowdon? Should be an interesting next 48 hours, expecially with over 30,000 troops in the capital city.

#170 Victor V on 01.18.21 at 10:44 am

https://www.bnnbloomberg.ca/low-rates-driving-6-in-10-canadians-to-spend-money-they-can-t-afford-poll-says-1.1549945

With interest rates low, MNP’s survey also found that six in 10 respondents feel now is a good time to buy things that they otherwise might not be able to afford. Nearly half (47 per cent) said that with current interest rates so low, they’re more relaxed about carrying debt than they usually are.

This is outrageous. For some, low interest rates are actually providing a comfort that isn’t warranted.

You can’t help someone who doesn’t even recognize they need the help. I hope there is a financial awakening for these Canadians before it is too late.

#171 Phylis on 01.18.21 at 10:45 am

Check out the road closures in washington by looking at google maps. Talk about a lockdown.

#172 Sail Away on 01.18.21 at 10:46 am

#149 Inconvenient truth on 01.18.21 at 3:35 am

What a complete waste of time the comment section was today! Despondent to the the core.

————-

Au contraire, mon frere!

Despondency and value go hand in hand. Seek it out.

#173 Doug in London on 01.18.21 at 10:47 am

@Gar C, post #147:
For the last year many people who figured they could work from home forever and ever left the city and moved away to places like Woodstock or Napanee. It’s going to take a while, but eventually a large part of the population will be vaccinated, COVID will be snuffed out, and employers will want their employees back in the office. Now imagine that, at the same time, fuel prices go way up because of supply constraints and those people are commuting again. Could be interesting, and it could be a replay of 1973-74, or 1979-80 when small econo cars are in high demand again. Say, could I sell you a nice fuel efficient GM Chevette?

#174 Hatim Salih on 01.18.21 at 11:02 am

Yes, Trump is a symptom rather than the cause. Albeit a rather debilitating one.

The system is broken for many reasons, e.g. Citizens United allows unfettered donations from special interest groups effectively putting politicians in their pockets; gerrymandering means politicians get to choose their constituents instead of the other way round; politicians are more interested in gaining and keeping power than what they want to do with it; media more concerned with ratings-raising spectacle and ad dollars over serious reporting and analysis, etc…, etc…, etc…

Ultimately though, it can be argued that a nation gets the system it deserves. i.e., an engaged and savvy electorate could incrementally improve their system of government to best serve their needs. A mob more interested in political theatre gets this shit-show instead.

#175 Don Guillermo on 01.18.21 at 11:02 am

#138 Pacho Veela on 01.17.21 at 10:31 pm
#64 Faron on 01.17.21 at 4:45 pm

Dear BillyBob,

This morning I awoke to a beautiful sunny day here in Victoria. My partner and I made our way to Mount Finlayson for a couple of laps. …. I though I would tell you this to help disabuse you of your preconceptions of Victoria. ”

Enjoy your paradise weather in the low single digits! LOL. Alot of delusional people who think that horrbile rainy place is some kind of paradise. Give me Mexico any day.
******************************************
One of the largest snowbirds groups living in my Mexican community are from VI, sometimes affectionately know as Geriatric Island. Even during this difficult year of covid travel.

#176 Bugslingr on 01.18.21 at 11:24 am

#6 Paige – did you read the Navarro report? Probably not. If you did, we can all agree it was nothing short of embarrassing. Give your head a good shake lady.

#177 Sky on 01.18.21 at 11:54 am

A small fire broke out in a homeless encampment under a bridge, several blocks away from the Capitol building.

Resulting in this reaction :

“All buildings within the Capitol Complex: External security threat, no entry or exit is permitted, stay away from exterior windows, doors. If outside, seem cover.”

https://twitter.com/JProskowGlobal/status/1351187928165314563

“Excerpt from AP report: “Participants were ushered from the West Front of the Capitol. Those who had gathered for a walk-through, including a military band, were directed to head indoors and moved in the direction of a secure location inside the Capitol complex. People involved in the rehearsal said security officials yelled “this is not a drill.” The U.S. Secret Service, which is in charge of security for the inauguration, said there was no threat to the public.”

#178 Damifino on 01.18.21 at 11:59 am

#155 Re-Cowtown

And Biden looks like he will kill the XL pipeline on Day One
————————

Yep. Sad. A huge misstep, right out of the gate.

The poor old guy. He thinks he’s “helping the climate”. China will appreciate it, though. It’s always a good day when a political adversary shoots themselves in the foot.

#179 Don Guillermo on 01.18.21 at 12:03 pm

One of the largest snowbirds groups living in my Mexican community are from VI …

I cringed at my grammar after rereading this :<(

#180 Yuus bin Haad on 01.18.21 at 12:38 pm

The sooner we get rid of everyone who doesn’t agree with me, the sooner we can get back to having a meaningful dialogue

#181 Sail Away on 01.18.21 at 12:39 pm

I find it sort of amusing that twice recently, the US is expected to cancel/deny permits to dual Canadian-US projects that the US considers too environmentally dangerous.

These being the existing 1. Enbridge Mackinac straits oil pipeline, and 2. the planned Keystone XL pipeline.

But… but… but… T2 is planting trees! Or at least talking about planting trees.

#182 KNOW IT ALL on 01.18.21 at 12:58 pm

XL Pipeline …. SCRAPPED!!!

Exactly what happens when government enters business.

BILLIONS of TAXPAYER dollars gone!

And the incompetent Politicians who made the trade still get to keep working.

That wouldnt happen in a corporate setting.

It would be BYE-BYE.

#183 SoggyShorts on 01.18.21 at 1:06 pm

#143 Nonplused on 01.18.21 at 12:55 am

Every time I come up with a point you come up with a good counter point, but that seems reasonable because it is not an easy question and does not have a simple answer.

************************
Makes for a great discussion. I have no illusions that you and I are going to solve this nor that any shot-caller will take note and implement it even if we do, but this lockdown is hella boring so this counts as entertainment.
Good for the mind, and you can only do so much sodoku.
————————————
————————————
#143 Nonplused on 01.18.21 at 12:55 am

The flippers would have to live in the house though, I think already you have to live in it at least 1 year to be exempt. I am sure people cheat though.

****************************
For sure. I don’t know if non-married partners are getting away with having 2 PRs, but I know a family of 5 brothers who were renovators+house flippers moving just under 50 total times in 10 years.
They can’t be the only ones. Not “cheating” per se, but certainly exploiting a loophole.
————————————
————————————
#143 Nonplused on 01.18.21 at 12:55 am

a capital gains tax on houses can in certain cases greatly increase your effective tax rate for the year. So if your marginal tax rate is 30% but you had a $200,000 capital gain, your marginal rate is not going to be 30% that year. It will be more like 50% (higher in BC). So if that capital gain took 10 or more years to achieve, it seems usurious. So then what do we do? Go back through all the tax records over the time the house was owned and recalculate them, prorating the gain?

***************************
True, any significant gain will bump you up into the top marginal rate, but remember, the capital gains inclusion rate is only 50%, so if you have a $200K cap gain you only count 100K on your taxes making the rate (even at the top) 25% (50% of 50%)
That’s assuming that if implemented a housing capital gains tax would start at the same 50% as investments. It could very well be lower.
And the sliding scale should mitigate this even further.

Really the only collateral damage is someone who buys and then must sell to move for work in a very short time frame e.g. 1-3 years, and
1. How often does that really happen, and
2. I don’t think it matters if the gov gets some of the seller’s profits from accidentally flipping a house.
3. No one HAS to buy a house, so maybe someone in an unstable career/position where they unexpectedly must sell a house after only buying it a year ago should be a renter.

#184 Former Navy Chief on 01.18.21 at 1:07 pm

#12 GAV on 01.17.21 at 12:54 pm
You forgot:

He kept the USA out of the Paris Climate Agreement. And during his time the USA reduced carbon emissions more than any other country.

More like a modest reduction in carbon emissions, nothing earth-shattering: https://www.climatechangenews.com/2020/10/06/us-emissions-four-years-president-trump/

“US emissions have declined more slowly during Trump’s term than when Barack Obama was in the White House. Other advanced economies like the EU and Japan have reduced emissions faster.

The US remains the world’s second biggest emitter and the number one historical emitter. The average American’s carbon footprint is twice that of a Chinese or EU citizen and eight times that of an Indian.”

#185 SoggyShorts on 01.18.21 at 1:09 pm

#144 Nonplused on 01.18.21 at 1:19 am
….. my frustration with marginal tax rates ……
***************************
Yeah, I got burned with that when I made zero money the first couple of years after starting my company too.
If I’d been smart I would have “paid myself” anyways on the books and settled up later.
The NHL player is an interesting example as even with losing half to taxes they should be banking a million over 3 years.
Maybe there should be some way to carry forward earnings to smooth it out, but it would have to be a whole new system because of investing.
e.g.
I make 2m in 3 years and then 37K for the next 27 years (3m total)
vs
You make 100K every year for 30 years.
=
I would pay ~1m in taxes and then 7K (1.2 total)
You pay 27K in tax every year 810K tax total

So it seems like you are getting a way better deal paying 800K tax while I pay 1.2M, but because I start with a million that I can invest I will crush your net over 30 years even working at minimum wage.

Starting a company and eating ramen for a couple of years while you get it off the ground is the opposite situation: All of your money is earned at the end, having no time to compound.

How this applies to getting a huge tax hit all at once on the capital gains of selling a house:
I can see some merit in trying to prorate it or spread it out somehow but that involves too much red tape for my tastes. Better, I think, to have a good sliding scale.

The only ones it doesn’t work for would be someone who buys and is “forced” to move after a huge (20%+) gain in a year and wants to buy again.
Honestly though? Tough. If it gained 20%, then it’s in a crazy place like TO or Van, and you can take your $200,000 win, give the government $50,000 of it and use the remaining $150,000 to subsidize your rent.

#186 Diamond Dog on 01.18.21 at 1:18 pm

#181 Sail Away on 01.18.21 at 12:39 pm

Much of Keystone XL is already in use in the U.S. from new oil development coming on stream. In other words, if Trump with a Republican Senate and congress in the first 2 years of his term wanted Keystone XL, they would have had it. Logistically, it just didn’t suit them especially when Canada was producing well beyond it’s own pipeline and facility capability and excess production could be bought on the cheap. The only reason why Keystone XL is being mentioned in media is because of larger signals to do with climate change efforts and we’ll be hearing more on that soon as it all gets rolled out to media. This isn’t much more than a box that’s getting checked off for support out west I would think, specifically.

#187 Faron on 01.18.21 at 1:38 pm

I’m long-term (5-10yrs) anti-oil, but pro pipeline.

The immediate effect of shutting in pipelines or cancelling construction is more oil transport by rail which is a BAD IDEA!

Closing pipelines will do very little to push down demand which is the only place where we have any chance of reducing CO2 emissions.

So, being anti pipe is arguably a pro railcar oil spill vote and not much else.

Ignore the pipes and focus on carbon pricing.

Summed up in a Drake meme:

https://twitter.com/Keubiko/status/1351163713244553220/photo/1

#188 Bill on 01.18.21 at 1:49 pm

Biden is with the old crew….you know who. Hes just a figure head.
First order of business is to cancel Keystone. Sorry Canada we will run oil with are reliable costly railroads. Hope we domt crash again.
https://financialpost.com/news/world/canadian-press-newsalert-documents-show-biden-plans-day-1-order-nixing-keystone-xl/wcm/9ee99a13-9132-4409-b99f-8d851590f57a

#189 Bill on 01.18.21 at 1:51 pm

Maybe we can blame Trump for the ongoing Ontario covid disaster?
Im surprised the media hasn’t.

#190 cramar on 01.18.21 at 1:56 pm

Don’t slam the door of the White House on your way out, Mr. Trump. Don’t forget your new red hat with “B L” on it (Biggest Loser).

C’est La Vie!

#191 Diamond Dog on 01.18.21 at 2:22 pm

Regarding Trump which is largely what Garth’s post is about, anyone with a psychological background is glad Trump is gone because they know what Trump is. Take for example, this youtube video explaining the difference between a Narcissist psychopath and sociopath (defined as “born that way” or “learned that way”. Really, the path is better defined as “the path is physical” or “the path is social”). Psychologists know all about Trump and why someone like this with such a wealth of behavior to analyze, needed to go:

https://www.youtube.com/watch?v=6dv8zJiggBs

Dr. Ramani from the link above is right in describing the behavior, but the goal posts are changing regarding the definition of psychopath and sociopath. Psychopathy has used a loose cutoff over the last couple decades in looking for behavioral patterns beyond the age of 15 that fit the profiles of sociopathic (socially learned) behavior. However, newer research is suggesting that the physical brain is developing to outside stimuli much sooner, as early in some contexts as 12 to 18 months, potentially even since birth.

In other words, the sociopath extends earlier than at first thought by clinical psychologists, while the psychopath (physical changes to the brain such as accumulated brain damage over time and damage specific to the prefrontal cortex) can also extend much later. There’s an argument to be made concerning genetics (born that way), but gene expressions and their triggers still have a large role to play with that (we are still products of our environment).

Why did I take the time to differentiate these differences… psychology is an evolving science like all other sciences. A child psychologist would for example, push back on a couple things said in this youtube video that has had 8.5 million views. Lets move on.

Regarding Trump, whether people want to realize it or not, Trump suffered from a Narcissistic Personality disorder of which he was either a psychopath or sociopath (Trump was sociopath, well defined in this comment) and is one 4 types (Trump is grandiose):

https://themindsjournal.com/types-of-narcissism-share-core-trait/

What does that mean in lamen terms? It means he’s a product of his parents, of culture, of his social environment, it means he’s a product of the USA. It means Trump really is a symptom of a greater problem that is systemic to our systems of government, to education, core human values and false information that can come from anyone from media to our parents.

Case in point. The western world prides itself on democracy systems of government for choosing it’s leaders but in the same breath the masses chose a Grandiose narcissist sociopath to lead the most powerful nation on Earth. In other words, any democracy is only as good as the education and awareness of it’s voters and, if Trump has shown us anything, it’s that the U.S. has a great deal left to learn.

#192 Sail Away on 01.18.21 at 2:35 pm

#186 Faron on 01.18.21 at 1:38 pm

The immediate effect of shutting in pipelines or cancelling construction is more oil transport by rail

————

Correct. For this reason, buying CNR stock is a fine idea. Heck, buy them anyway: 18% CAGR + dividend over the last 11 years. Plus they negotiated a long-term, lucrative oil transport contract when the Trans Can was boondoggled.

I hold lots of railway stock. Learned it from intense training on the Monopoly board. Essential national/international service.

#193 Sail Away on 01.18.21 at 2:39 pm

#190 Diamond Dog on 01.18.21 at 2:22 pm

A child psychologist would…

————-

Children should not be psychologists.

They should be outside playing with their friends.

#194 Commenting on 01.18.21 at 4:44 pm

I cannot wait for the tinfoil hat brigade to disband!!! Adios Don.

#195 Short Back and Sides on 01.19.21 at 12:16 am

KXL was cancelled by Obama, against the advice of his own experts. He did it, as said on his last day, “ for appearances sake”. It’s expected that Biden is whoring for the same team. Bring on the “Dirty Murder Oil” tankers from tyrants and dictators that Trudeau has expressed his admiration.

Even so, KXL cancelled makes zero effect on demand. The Chinese, Indians, Americans and Europeans are building giant mines and coal fired power plants that feed giant factories to manufacture the lithium, silicone etc etc etc, that go into producing products which can’t be recycled, like windmill blades. The world is using more energy every year, not less.

KXL is an expansion of a single pipe, one of thousands already in place. Did you know a single cell phone user who connects to the internet for the average of 14 hours a day creates a carbon footprint through server power use equivalent of 4000 plastic bags. So, the hypocrisy is extant.

Trudeau, Obama and Greta, not a clue obviously. By denying energy Trudeau denies reality, like a baby insisting on staying up past his bed time. Canadians are also idiots to support an idiotic faux ideology championed by the readers of Time Magazine who announced Global Cooling in 1980 and idealized Cocaine as a non addicting wonder drug in 1985. The Left hates everything they disagree with but fail to own up to their own nasty foibles.

These are the 97% who disagree with the other 97%. These idiots have no credibility. And tomorrow, Biden joins the parade of clowns who do things for “appearances sake” with no basis in science or adult decision making.

Hence, I bought TRP on the dip yesterday ( MLK close created an op as fewer players in the market causing weakness on TSX) and added to CP. The Macro is quite obvious.

And didn’t you laugh when Pelosi praised troops in DC after a tirade against while BLM and Antifa were storming the gates, for months. Talk about hypocrites. Now, she realizes that National Guard troops aren’t real troops at all and instead are the weekend warriors who Democrats have been insulting and cheating for four years. National Guard is in fact an army of “Good Old Boys” from places Leftists fear to tread. Dems are afraid that any one or many of them might “ frag the lewey”.

#196 Regjeg on 01.19.21 at 11:51 pm

Inflation rates in Canada have been remarkably stable and below 3% since 1992, and are projected to remain so to 2025.

https://www.statista.com/statistics/271247/inflation-rate-in-canada/