We all have a price

First, inflation and rates. Then, hypocrisy.

So the official hefty little number is 4.7%, says StatsCan. That means the annual inflation rate is up from 4.4% and sits at a 30-year high. It’s the seventh month running that the cost of living index has exceeded the target range set by the Bank of Canada. In fact, in October the annualized rate of increase was an eye-watering 8.4%. Meanwhile wages in Canada upped just 2.1% in the last year. This means three things…

(a) The bank was hasty – and wrong – to say inflation is transitory. Looks like we’re just getting wound up and wage demands will heap more fuel on the fire, and
(b) this hikes the pressure for higher rates, sooner. Mr.Market says the current BoC rate of 0.25% is headed for 1.5% in the next 12 months, meaning at least five quarter-point increases. So,
(c) five-year mortgages at less than 3% will soon be history. VRM borrowers will see a hike every few months. No wonder the kids have been flooding the banks to lock in.

Given historic low inventory levels now (owners are afraid to sell since they cannot buy) it all telegraphs increased competition and higher prices in the short term. Beyond that, with the cost of home loans headed for 4% – or double what they were six months ago – it’s an open guess what the impact will be. There’s always been an inverse relationship between rates and home prices. Will it hold, or have we completely, irrevocably, totally lost our minds?

 Of course we have. Even the people supposed to be in charge have thrown in the towel. Thus, it is with regret that we relate the sad tale of one Stephen Poloz.

Four years ago he was being driven around Ottawa in his black limo with that private parking spot at the Bank of Canada, where he was boss. He gave a presser in the spring of 2017 when real estate was going nuts (and prices were 50% less than today), slamming investors, speculators and the financialization of shelter.

“There’s no fundamental story that we could tell to justify that kind of inflation rate in housing prices,” he said sternly as values climbed 30% year/year. “Demand is being driven more by speculative demand, or investor demand, as opposed to just folks that are buying a house.” Investors inflate houses, he said. And that’s just plain bad for everyone.

That was then. This is now. The car is gone. So is the ethical compass.

This week Mr. Poloz helped launch a new company, called Key, which is all about turning residential real estate into a commodity, and in a way destined to further increase prices. People who become clients and take up fractional ownership through Key, he stated, are “attaching themselves to the price, so that if the price continues to go up, at least they’re not missing out of that potential.” So it’s no longer “just folks that are buying a house” but folks who wish to “not miss out” profiting on housing. Hypocrisy.

What’s Key?

The company is flogging co-ownership of real estate through investments worth just 2.5% of a property’s value. Clients (a.k.a. investors) buy little slices of a condo, for example, then Key signs up an occupant who will live there, also buy a 2.5% share, and make monthly payments to cover expenses and gain a little more equity over time. The example used is a $537,000 unit requiring $13,425 for the fractional ownership share, then about $2,000 in monthly fees. After three years the resident can buy it outright after taking a mortgage which will pay off the other investors – who profit from enhanced property values.

Bingo. The unit was turned into 40 financial securities. Involved was the owner-buyer, the securitization firm (Key) and forty lawyers. And how much has this added to the cost of a condo unit?

But wait. Besides making expensive real estate more unattainable by turning it into a speculative commodity, the math just doesn’t work. The poor schmuck who comes up with a 2.5% “down payment” also needs to foot closing costs on 100% of the sale price. This amount of money would be enough to buy all of the equity, not just a fraction of it. “The real problem here is that this startup, under the guise of being a venture to help people actually own a home and benefit from its rising value, is instead preying upon the most vulnerable people in the housing market,” says legal analyst Aron Soloman.

The risks are legion. Key is a nothingburger start-up and could be gone next week. What happens to your 2.5% then? Real estate values could fall – even a little – and the fractional ownership becomes worthless. Legal title to the unit could be seriously in doubt with multiple owners and an unproven corporate partner. Is the exit strategy sound? After all, an ‘owner’ can’t even sell the unit until three years has passed.

As you might imagine, Key is being slammed everywhere by those who understand real estate and lament the shysters, carpetbaggers, grifters and charlatans that a steamy market attracts. Stephen Poloz, to be charitable, may have been swept along on the tide of our times, failing to complete his due diligence and dissing the common good.

Or, it could be deeper. The man ran federal monetary policy for seven years. Gulp.

About the picture: “Attached is a photo of my Mexican neighbour Juan Carlos and his precious “salchicha” dog Charlie,” writes Don in Mexico. “We live at the end of a cul-de-sac and Charlies barks ferociously when strangers get too near our end. Charlie would love if you would use his picture. Oops, almost forgot the “MSU”. I’ve been following your blog since early days and give you full credit for getting my wife and I on the right path with our finances.”

151 comments ↓

#1 Obviously on 11.17.21 at 3:44 pm

Why are we surprised about all of this?

It was always the plan.

Blow up the bubbles with debt.

Inflate the debt away.

Claim growth.

The end.

#2 BlogDog123 on 11.17.21 at 3:46 pm

There’ll be a long line of suckers signing up to this ponzi scheme of fractional ownership…

When the market dips they won’t be asking “why didn’t I just rent?” Just the ‘owner’ asking “where’s my money?”

#3 TurnerNation on 11.17.21 at 3:52 pm

On the Permanent Rolling Economic and Social Lockdowns. Think 2022-23, likely 2025.

https://www.blogto.com/city/2021/11/another-ontario-region-reinstating-lockdown-restrictions-surge-cases/
“Algoma Public Health, of which the 75,000-person city of Sault Ste. Marie is a part, announced on Monday that in the midst of high case counts, three new rules — or old rules, rather — are coming into effect.”


— A reminder…this is not going away. Masks induce fear, facelessness; perfect for keeping us off balance during the global reset:

.Calgary city council removes thresholds for Calgary mask bylaw repeal (calgaryherald.com)


— Science in Kanada. In BC you are Un-V until Twenty-One (21) days afterwards! So any issues or reactions or incidents or normal winter sickness or…anything…then onto the Un-V/rage list you will go.



Life in a Former First World Country.
Gee didn’t Toronto Transit just fire a bunch of qualified employees? Smells of a #reset. Chaos is the goal always.

[email protected] Toronto to expect longer subway waits, TTC bus service slashed or cancelled starting next week
The changes are among a slew of service cuts the TTC is implementing starting Sunday.
TTCriders, a transit advocacy group, said in a statement that the service cuts represent “a total failure of leadership from all levels of government” and “will cause chaos for working people who depend on the TTC every day.” https://twitter.com/i/events/1460648432331280384

#4 Dolce Vita on 11.17.21 at 3:53 pm

What a slime bag Poloz is.

7 years public trust to set up his “Key” exit strategy.

No, make that slithering slime.

#5 Billy Buoy on 11.17.21 at 3:55 pm

Well at least he is consistent along with the last USA Fed Chairmen since Greenspan.

They start the fire and guess what? They show their true colours by adding fuel to it.

And few if any say a word about it? Why?

Because those that had the means only got more wealthy at the expense of about 80% of the population.

Why ruin a good thing right by telling the truth? Never.

Don’t worry, the masses are not that bright until the day the light bulb finally goes off….Don’t worry, you still have a few more years as long as the heat is on, food is in fridge, and canned laughter rules on TV to keep the 80% fat, lazy and satisfied.

#6 BC is Drowning! on 11.17.21 at 4:02 pm

Crawdadfartz and Faron, stop posting on this blog and grab some buckets!

#7 Sail Away on 11.17.21 at 4:04 pm

A friend in the wealth management business sets up private real estate, not REIT but like-REIT, investment funds.

I occasionally ask how his scams are paying off. Same question I’d have for Poloz.

#8 pPrasseur on 11.17.21 at 4:06 pm

Or, it could be deeper. The man ran federal monetary policy for seven years.

Unbelievable! How is this not completely disgusting?

Seriously this kind of behavior should remind us of other ridiculous excesses happening elsewhere just before those bubble exploded.

For example like those tens of millions of unoccupied (and inhabitable) Chinese apartments bought exclusively for speculation.

Different countries, same Ponzi scheme, eventually same results…

#9 Oakville Rocks! on 11.17.21 at 4:09 pm

Poloz, sounds like a case of.. if you can’t beat’ em, join’ em.

The G&M’s Rob Carrick, in his twitter feed, was reporting that the avg. house price in Hamilton is nearing 1 million. WOW!

Hamilton is a great town, very livable with a lot of great neighbourhoods and fine homes… but 1 million on average.. this is crazy!

#10 james on 11.17.21 at 4:15 pm

#68 Outrage on 11.16.21 at 8:07 pm

Inflation is really over 7 % and no the phony Canadian numbers. Higher taxes and living costs all thanks to our government and central bank. Its a sh!t show and nobody cares.
Canadians are willing to sacrifice for a lower standard of living for climate change carbon taxes. Who wins ,really the government and the people lose. Canadians who with a fixed retirement will have to move to a 3rd world country to keep a modest living .Thank you T 2.
__________________________________________
Its mostly single wrinklies that are going to find it tough with single income and no combo on the CCP or old age. Investment bottomed out and no mutual deductions. Inflation will suck them dry.

#11 oops on 11.17.21 at 4:20 pm

Well, there wouldn’t be sheep if God didn’t intend them to be sheared. What better place than Canada to lose your hair?

#12 Islander on 11.17.21 at 4:21 pm

You might want to check your regions flood plain maps and your ability to insure your property against flooding.
Oh BTW wanna buy a nice piece of underwater property in southern BC?
If so, get ready to go swimming with your neighbours cows.

#13 Billy Buoy on 11.17.21 at 4:25 pm

Remember just recently that a few FED chairs resigned for their inside trading confessions.

Pelosi’s husband made millions off futures based his great stock picking that “just happened” to coincide with Nancy’s knowledge of legislation, etc.

Powell holds millions in stocks.

Ya think Poloz is any different?

Inside knowledge is power yet they act so innocent when exposed. They just resign and NOTHING HAPPENS to them because NO ONE CARES…

How soon we forget about Billy Morneau’s adventures.

It’s nothing new..same as it ever was, same as it ever was.

As George said, “It’s a big club and you and I aren’t in IT.”

#14 jimmy zhao on 11.17.21 at 4:25 pm

“…those who understand real estate and lament the shysters, carpetbaggers, grifters and charlatans that a steamy market attracts…”

You forgot about the Honeyfugglers.

#15 Yukon Elvis on 11.17.21 at 4:27 pm

Well haha. Arf arf, bow wow, and woof woof. He finally saw the error of his ways and has moved from the dark side into the light. I can hardly wait for the etf so I can load up and get rich. Don’t wanna miss out on this one.

#16 the Jaguar on 11.17.21 at 4:27 pm

DonG! He made it! Little Charlie, livin’ la vida loca in the Maz! What a cutie.

#17 TurnerNation on 11.17.21 at 4:31 pm

Control over our Travel/Movements – is this New System.
What do you think the QRs codes are for – your health?
Become dependent upon Government-controlled Electric costs. No free market heating sources.

https://calgaryherald.com/opinion/columnists/opinion-alberta-faces-real-existential-crisis-as-ottawa-plans-deconstruction-of-the-provinces-economy
“Despite that, the Trudeau government, by its own projections, is expecting a 100-megatonne reduction in the oil and gas sector by 2030. And exactly how? Not specified, but potentially:
Raise the national carbon tax even higher;
Reduce domestic demand for oil and gas, including eliminating natural gas for home heating;
Limit personal consumption of hydrocarbons by individual Canadians, in terms of allowable miles travelled by motor vehicle, train or air.”

——-
——-

— Almost to normalcy!! Of course our rulers want to cancel Christmas. All the old culture most go Comrade.

.Philippine President Duterte: Face shields are out, but face masks are forever (mb.com.ph)

.Spanish regions eye COVID-19 passports amid infection surge (msn.com)

.Northern Ireland: Cancel Christmas work party and Santa visit to keep Covid cases down, says public health expert (belfasttelegraph.co.uk)

.Sweden to introduce rules for events of more than 100 persons (svt.se)

.Ireland reimposes #COVID19 restrictions including a midnight curfew. 93% of the adult population are fully vaccinated. (@disclosetv)

.NFL heightens COVID-19 protocols around Thanksgiving weekend regardless of vaccine status(sports.yahoo.com)

#18 Armpit on 11.17.21 at 4:33 pm

Was speaking to a friend living in a 2 bedroom apartment in Burlington Ontario.

He was thinking of downsizing to a one bedroom in the same building.

When he inquired, he was told it would cost him $200 more plus hydro (hydro is included in his present rent).

So he is going to stay in same 2 bedroom.

So as with Homeowners, even Renters are afraid to move, as they cannot afford a different apartment.

(in 10 lines or less)

#19 Sail Away on 11.17.21 at 4:37 pm

“A politician who is poor is a poor politician” (“Un político pobre es un pobre político”) was the well-known political aphorism of Carlos Hank González (1927-2001), a Mexican politician and businessman.

#20 Faron on 11.17.21 at 4:38 pm

QAnon shaman gets 41 months jail time for his part in the Jan 6th insurrection.

#21 45north on 11.17.21 at 4:41 pm

Stephen Poloz, to be charitable, may have been swept along on the tide of our times, failing to complete his due diligence and dissing the common good.

Or, it could be deeper.

In front of my house there’s a sidewalk. Between the sidewalk and the road there’s a strip of grass. Every two weeks, I put out the blue bin recycling boxes on the strip of grass. On the other side of the sidewalk, I put out my beer bottles. A guy comes along and picks them up.

Reminds me of the story in the Bible. Stephen Poloz is the rich man. The beer bottle guy is Lazarus.

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

#22 XGRO and chill on 11.17.21 at 4:43 pm

Inflation is transitory, it’s just a longer transition period than originally forecasted. So now the BoC has to do something about it rather than wait for it to cool itself down.

The supply chain is very screwed up, which is the root cause. Once that is worked out things will go back to low rates. The bottom line is people are broke, in debt up to their eyeballs. This is not demand driven. It’s supply driven.

That said, it could take years for things to balance out. Bad times lie ahead for anyone overleveraged.

#23 wallflower on 11.17.21 at 4:53 pm

candy store for the submillenials
hhhhhmmmm

key
crypto
meme stocks

it is getting awfully colourful in this store!

#24 crossbordershopper on 11.17.21 at 4:57 pm

people laugh at my idea, but all these problems would go away, financial, social, etc, by simply having the govt control all land , we simply pay a payment, as little as possible to live in a home or condo or townhouse, since no profit is made individually then taxed etc. The social housing is expanded to all housing.
everyone is gtd a house, no bumbs on the street, we structure it where lower wages pay less and higher have a nicer home to get incentive in the system to live in nicer home if you get educated and have better skills. it just eliminates the whole control of land and banker scam with interest and insurance etc.
everyone will be stress free,

#25 crowdedelevatorfartz on 11.17.21 at 5:01 pm

@#6 BC is Burning
“Crawdadfartz and Faron, stop posting on this blog and grab some buckets!”

+++

Are the buckets to help put out the Huge RV lot fire that the Abbotsford fire dept wont touch?

https://www.cbc.ca/news/canada/british-columbia/wyntk-bc-floods-nov-17-1.6251839

#26 dave on 11.17.21 at 5:03 pm

Over the last 10 plus years, I’ve heard BOC interest rates are going up.

– First Oil dropped in price and unexpectedly so did rates
– Rates kept dropping!!!
– Then rates started heading up…covid hits
– Rates go down again : (

They havent gone consistently up because central banks will find a new excuse.

Real Estate is the vehicle of financial ruin for middle and lower class folks. Sorry for the real news…I know it hurts

#27 Yuus bin Haad on 11.17.21 at 5:06 pm

Well, at least he’s not claiming that his portfolio is carbon neutral. Just imagine if a former governor did that!

#28 Shawn allen on 11.17.21 at 5:08 pm

There are very few relative pure play residential property developers on the stock market

This is reputed to be a highly profitable business.

But the one I follow has not been very profitable and trades at half of book value. Yeah it’s mostly Alberta but still….

Any thoughts?

#29 Bob in Hamilton on 11.17.21 at 5:11 pm

‘Or, it could be deeper. The man ran federal monetary policy for seven years. ‘

Only one word really comes to mind as Poloz represents the current day elites in this country…corruption.

#30 Polozi Scheme on 11.17.21 at 5:17 pm

It’s a Polozi Scheme.

#31 Barb on 11.17.21 at 5:23 pm

This scheme is just shy of being criminal.

#32 Sail Away on 11.17.21 at 5:25 pm

#20 Faron on 11.17.21 at 4:38 pm

QAnon shaman gets 41 months jail time for his part in the Jan 6th insurrection

——

Good. There is no excuse for unlawful actions, riots or arsons, regardless of ideology. Arrest them all and put ’em in the can.

#33 JSS on 11.17.21 at 5:34 pm

Real estate growth in Canada is very regional. For example, in Toronto, real estate is explosive. But in say Edmonton, it’s been in the dumpsters for the last decade.

Buy rental real estate in Toronto for capital gains, buy in Edmonton for income (cap rate).

Or buy a REIT etf and have it all

#34 AntMan on 11.17.21 at 5:38 pm

Opportunities to comment to Mr. Poloz here: https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/key-unlocks-a-new-model-for-accessible-homeownership

#35 DON on 11.17.21 at 5:41 pm

#22 XGRO and chill on 11.17.21 at 4:43 pm
Inflation is transitory, it’s just a longer transition period than originally forecasted. So now the BoC has to do something about it rather than wait for it to cool itself down.

The supply chain is very screwed up, which is the root cause. Once that is worked out things will go back to low rates. The bottom line is people are broke, in debt up to their eyeballs. This is not demand driven. It’s supply driven.

That said, it could take years for things to balance out. Bad times lie ahead for anyone overleveraged.

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

There is more than one cause…..and the main one is brrrrrrrrrrrrrrrrrrrrrrrr money printing.

#36 Do we have all the facts on 11.17.21 at 5:43 pm

What in the world is the Bank of Canada up to. Their chatter about delaying an possible increase in interest rates dropped the interest on the 5 year Government of Canada bond from 1.566% to 1.488%. These clowns are seem to be buying time waiting for the Federal Reserve in the States to blink first.

Talk about rearranging the deck chairs on the Titanic after you hit an economic iceberg. The BOC seems intent running full stream ahead until it hits the inflation iceberg head on.

What 4.7% inflation on that goofy basket of yours is not high enough to intervene? Please give us a clue what your new target range is so we can plan accordingly.

Might I also suggest that you stop sharing your game of chicken with the Fed with mainstream media.

#37 Earlybird on 11.17.21 at 5:46 pm

#24crossbordershopper…interesting idea…I like it!

#38 I'mshort_corpdebt on 11.17.21 at 5:49 pm

@#26 – Dave, and here is former central bank governor David Dodge speaking like an idiot and only reiterates what many have said regarding the fact that our central bank has no credibility, run by a bunch of corrupted – self serving hypocrites who don’t give a damn about the average citizen or the younger generations that will, I sure, bring these institutions down.

“There may be some people that made a stupid bet that they could borrow money for nothing forever,” Dodge told Reuters on Thursday. “I don’t have a lot of sympathy, and I don’t think there are many people like that.” So you say, you old fart!

#39 Wrk.dover on 11.17.21 at 5:54 pm

(a) The bank was hasty – and wrong – to say inflation is transitory.
__________________________

Oh it do-be-do-be-do transitory, transitory to a higher level where it will squat until the economy stagnates, and then some.

Anyone buying Rivian for a 50% mark-up within days is helping root inflation deep into reality.

I bought a $19.00 box of 100 nitrile gloves today for $45.89 at my local auto parts chain store, after we all had a good laugh about me and the new price.

I probably should have bought more gloves, from my 1970’s experience living with inflation, if only because they have more, right now.

#40 Collette on 11.17.21 at 5:55 pm

Beside Garth, Ross Kay Howestreet, has explained the Poloz scheme. Don’t go near it. Also RE industry spin that sales are “on a tear” apparently not true, Sales may be up a small percentage from the last yrs 26 % drop, and even if they are up a few percentage points they’re still way down from last Oct.You all should be well aware by now that they will say anything to keep the party going…and too many gullible people fall for it…. unfortunately some people who can’t afford the debt.

#41 I'mshort_corpdebt on 11.17.21 at 6:02 pm

Soon Poloz, Dodge, Douchebag etc… will find a cushy chair at the firm of Mossack Fonseca…

Wait! Garth please delete my posts as I may be giving these shills more ideas. It’s not as if they are even trying to hide their intentions anymore!!

https://www.cbc.ca/news/investigates/panama-papers-canada-tax-haven-1.3950552

#42 BC Geoff on 11.17.21 at 6:06 pm

Just like Julian Fantino and Raf Sauccor going from weed is bad and legalizing it would be devastating to opening weed clinics. Hypocrites are so often in high places.

#43 DON on 11.17.21 at 6:06 pm

Fun Facts for BC.

The Couquihalla Highway is 1 of 4 routes to the interior (once the highway to Hope is reopened).

The Couq was opened in 1986-87 and was built by the BC Socreds. A subsequent public inquiry found that it cost 2/3 more than originally budgeted.

Vancouver ports are open goods will be flowing in the lower mainland but slower in getting to other parts of BC and CANADA. We could divert more shipments to Prince Rupert.

A guess there were not fibbing on the increase in nasty weather, some folks may need to recalibrate their thinkers or risk exploding.

What’s next a deep deep deep freeze.

#44 Yukon Elvis on 11.17.21 at 6:07 pm

Got an email and a text message a few days ago from Gov of BC. Told me i was eligible for third covid shot. Clicked on the link and made an appointment. Took about a minute. Got third shot today, offered a choice between pfizer and moderna. My first two shots were pfizer. Nurse recommended moderna cuz the data shows better protection than pfizer so I went with Moderna. In and out of the clinic in about five minutes. Did not sit around and wait for the recommended 15 min. The whole process was smooth and efficient. I am impressed with the way the health care system/govt is handling things.

#45 THE DANDADA on 11.17.21 at 6:12 pm

I’m NEVER selling.

Period.

#46 NOSTRADAMUS on 11.17.21 at 6:26 pm

ICE PICK, IN THE EYE.
Gradual impoverishment via debt is much like old age. A man looks in the mirror one day and notices he is going grey. The same man reaches middle age and takes stock of his finances and suddenly realizes his net worth is practically nil. But he is living in beautiful home with a brand new car in the driveway, both mortgaged and leased to the hilt. Shoe polish will cover the grey, but his finances are another matter. He has lived in a world where his risks have been minimized to microscopic levels. Instead of using accounting like a pair of binoculars to see into the future, he has flipped them around and now things look very small and far, far away. Now, to his horror, the magnifying glass has morphed into an ice pick. Amen Brother.

#47 Dolce Vita on 11.17.21 at 6:40 pm

Singapore my kind of country when it comes to Covid.

You don’t wanna get vaxd, you pay the hospital bill if you catch Covid.

https://youtu.be/aQEUSpaAwlU?t=586

Watch their vax rates skyrocket.

People talk with hand on heart, act with hand on pocketbook.

About time somebody makes these big mouth anti-vax people but their money where their mouth is.

#48 RichardTO on 11.17.21 at 6:42 pm

It’s not 4.7%. The government’s metric is entirely fraudulent.

If the Bank of Canada expanded the money supply by approx. 30% in 2020 (aka printed or introduced another 30% of new dollars of the entire circulating supply into the economy) then how is that any different from a public company diluting their stock price with an issuance of new shares?

The same general mechanism is at work here. The BoC diluted the value of the $CAD by ~30%, therefore the actual inflation, or erosion of purchasing power is a similar number – 20-30%, but with a time-delay as the money works through the various layers of the economy.

Prove me wrong.

#49 Yukon Elvis on 11.17.21 at 6:48 pm

A substantial Covid-19 outbreak that this week has sidelined the National Hockey League’s Ottawa Senators—despite the entire team being vaccinated—carries a warning for the coming months of professional sports: even with blanket immunization, pandemic disruptions are far from over.

The NHL announced the suspension of the Senators’ season through at least Nov. 20 after 10 players and one coach tested positive in recent days. The team says it is fully vaccinated, but hasn’t specified which shots players have received.

https://www.wsj.com/articles/ottawa-senators-covid-11637123408

#50 Reflections on 11.17.21 at 6:52 pm

#4 Dolce Vita on 11.17.21 at 3:53 pm
What a slime bag Poloz is.

7 years public trust to set up his “Key” exit strategy.

No, make that slithering slime.

=======

While you’re upset, care to tell us about all the financial products being offered out there that are even more exotic than this scheme?

#51 crowdedelevatorfartz on 11.17.21 at 7:11 pm

@#43 Don
“What’s next a deep deep deep freeze.”

++++
Yes.
The Atlantic Conveyor will collapse for the first time in 10,000 years and suck us all into another ice age….

https://www.washingtonpost.com/climate-environment/2021/08/05/change-ocean-collapse-atlantic-meridional/#:~:text=Human%2Dcaused%20warming%20has%20led,could%20be%20close%20to%20collapse.

Plastic bags did it.

#52 Wait There on 11.17.21 at 7:13 pm

Why do people mistrust those in power today?

Classic

#53 Concerned Citizen on 11.17.21 at 7:17 pm

This, folks, is how people lose faith in institutions. When those very institutions and the folks that run them turn corrupt and/or steadfastly refuse to perform their duties. Over time, this does not go unnnoticed even by the perpetually distracted and disinterested among us.

History teaches us that a lack of faith in institutions leads to populism. And usually populism leads to bad outcomes. Many young people have woken up to the fact that they’ve been intentionally and forcefully disenfranchised economically, with more to come. The result may not be pretty. I read yesterday that there was a record outflow from Ontario last year. I expect that to pick up steam when COVID is further in the rearview mirror. What choice to young people have, after all – shack of 10 to a basement until they’re 50?

The country can’t take any of more of the Bank of Canada’s so-called “stimulus”. Much more stimulus, and we’ll have hundreds of thousands of homeless and people paying $20 for a loaf of bread. Who knows, maybe that’s the plan. BTW, we should give the Bank of Canada a name better befitting its true mission – how about “Bank of Moral Hazard”, “Bank of Wealth-fare”, “Bank of Inflation”, etc.

#54 Quintilian on 11.17.21 at 7:19 pm

“That was then. This is now. The car is gone. So is the ethical compass.”

No Garth, the ethical compass is not gone, it’s the same one functioning within the set parameters.

Politicians, CMHC, right wing talk show hosts, BOC, banksters, money launderers, some lawyers,
RE cabal, homeowners/ voters are in an incestuous relationship.

The beauty is that this hideous daemon has no ability to restrain itself, so although it may take some time, it will self-destruct.

#55 Ponzius Pilatus on 11.17.21 at 7:19 pm

#44 Yukon Elvis on 11.17.21 at 6:07 pm
Got an email and a text message a few days ago from Gov of BC. Told me i was eligible for third covid shot. Clicked on the link and made an appointment. Took about a minute. Got third shot today, offered a choice between pfizer and moderna. My first two shots were pfizer. Nurse recommended moderna cuz the data shows better protection than pfizer so I went with Moderna. In and out of the clinic in about five minutes. Did not sit around and wait for the recommended 15 min. The whole process was smooth and efficient. I am impressed with the way the health care system/govt is handling things.
——————-
Good news.
All good things come in three.
Get mine this Sunday.
Expect a smooth ride.

#56 Ponzius Pilatus on 11.17.21 at 7:24 pm

Not surprising that no one here talks about O’Toole turfing the Senator.
If it were JT, CEF would be all over it.

#57 SW on 11.17.21 at 7:26 pm

#29 Bob in Hamilton on 11.17.21 at 5:11 pm

“Only one word really comes to mind as Poloz represents the current day elites in this country…corruption.”

It’s certainly a bad look.

Mr. Poloz should have retired with dignity, like our esteemed blog host (who is clearly also a paid-up member of our elite, but a good egg).

And that Mr. Carney is still doing something worthy, I understand.

#58 Prep Time! on 11.17.21 at 7:27 pm

Well folks, it looks like if you live in the lower mainland of BC or even on the island, the time to prep is gone. Already there are reports of long lines and empty shelves. The social media forums are advising everybody to get what they can.

The fact is they are cut off, and maybe longer than anyone expected. 2 highways and 2 railroads need major repairs.

Hopefully the Trans Mountain pipeline is intact. If that gets shut down they are well and truly screwed.

For those folks west of the washed out bridges, Alberta, Saskatchewan, etc. things shouldn’t be so bad. Food will be largely unaffected. But anything coming from China in a shipping container will be at no more than 30% capacity for who knows how long. Thus, imagine the Costco being stocked pretty much as it is now in the food section, but all the other stuff like clothes, electronics, toys, Christmas do-dads and the like are possibly going to be empty in a few weeks. So it looks like you will be wearing last year’s jacket this winter. I hope you didn’t get rid of it.

Pretty much everything at Canadian Tire comes from China so that’s also going to be interesting. Same with Sport Check.

Will it be inflationary? Hell ya. If you took my advice and bought a generator and it is still in the box, I think you’ll be able to sell it for more than you paid for it in a few months, assuming you decide you don’t need it. Sort of like new cars.

Speaking of new cars you can forget about those for a while too. First there was the chip shortages, so I suppose there were no cars to ship anyway, but now a major port is completely offline. This will affect all the manufacturers because even if they assemble it here they use a lot of Asian parts.

—————————————–

I was going to do a bit about whether it is better to have one 9000 watt generator or 1 or 2 – 4000 watt or smaller generators, the main considerations being fuel conservation, redundancy, whether they can be paired, and whether you really need to run the clothes dryer, but at this point I think there is only a couple of weeks left to get any sort of generator at all before spring.

#59 Prep Time! on 11.17.21 at 7:30 pm

* East of the bridges

#60 Nonplused on 11.17.21 at 7:35 pm

#24 crossbordershopper on 11.17.21 at 4:57 pm
people laugh at my idea, but all these problems would go away, financial, social, etc, by simply having the govt control all land , we simply pay a payment, as little as possible to live in a home or condo or townhouse, since no profit is made individually then taxed etc. The social housing is expanded to all housing.
everyone is gtd a house, no bumbs on the street, we structure it where lower wages pay less and higher have a nicer home to get incentive in the system to live in nicer home if you get educated and have better skills. it just eliminates the whole control of land and banker scam with interest and insurance etc.
everyone will be stress free,

————————————–

Ya everyone laughs. Your idea has been tried in the Soviet Union and other socialist paradises. Result: Chronic housing shortages and really dismal housing units, very sub-par by our standards. You need new idea because that old one has never been made to work despite several whole-hearted attempts.

#61 The West on 11.17.21 at 7:48 pm

re: #39 Wrk.dover

You paid too much sir, find me on linkedin and I’ll get you sorted out, but you better call quick. The restoration guys flocking to BC right now are back ordering me into 2023 at the moment….

Mark my words on this BC flood – Insurance companies already have their lobbyists in Trudeau’s office cause they about to lose A LOT of money.

#62 Nonplused on 11.17.21 at 7:48 pm

#25 crowdedelevatorfartz on 11.17.21 at 5:01 pm

Have you looked into whether the new COP26 methane targets are going to affect your favorite pastime? Maybe change your handle to “crowdedelevatorcorked”.

Poor cows. It is going to be a major corking operation. I see it adding to the “help wanted” numbers. But what are they going to do about the termites? They may be small, but like a snowflake they make up for it in numbers.

It is but another fine example of government thinking. They target the cows because there is a farmer to tax, but gloss over the fact that for every cow that leaves the biosphere an equal mass of methane emitting creatures enters to take its place. All the grass gets eaten or burned.

#63 crowdedelevatorfartz on 11.17.21 at 8:03 pm

@#56 Political Ponzie’s Putsch

“Not surprising that no one here talks about O’Toole turfing the Senator.
If it were JT, CEF would be all over it.”

+++

A senator was fired.
Who knew you could actually rid them of their obscene salary and perks.
Like anyone noticed or cared.
Fire them all and save the taxpayers of Canada millions of dollars per year to have those political parasites rubber stamp anything that is placed in front of them.

I couldn’t care less about who fires a senator.
But O’Toole should be down the road as well.
He’s incapable of winning against Trudeau or bobblehead doll Freeland.
He’s an albatross around the Conservative Party’s neck and he needs to go sooner rather than 2023 when the next “leadership” review is slated.

#64 AM in MN on 11.17.21 at 8:14 pm

#20 Faron on 11.17.21 at 4:38 pm

QAnon shaman gets 41 months jail time for his part in the Jan 6th insurrection.

—————————————————–

Not actually unrelated to today’s blog post.

For the crime of having the wrong political beliefs and causing embarrassment to the powerful elites, he will be hung out to dry. Puts him up there with Conrad Black’s non-crime.

If he had only done something like torch a Police Precinct in Minneapolis or laid siege to a Federal Courthouse or the White House, chances are they wouldn’t have even bothered to arrest him.

Yes the system is as corrupt as so many think. That system includes the corrupt bankster class. You don’t get a big gig at a CB without bowing to the globalists and printing money that first goes through the fellow banksters in the “private banking” world.

The system needs to and will be “reset”. Usually this means war or revolution, but due to the globalization of the monetary system and the ability for those who understand what’s happening to profit from it while not being a part of it, this time probably will be different.

My guess is that it largely ends up as a more formal relationship between the masters and the serfs. ” You will own nothing and be happy”.

A brief example happened in the US in 2009-2012, where overleveraged “homeowners” who had become emotionally invested in the house they lived in, were offered to transfer title back to the bank and rent it from them (usually with a 2nd job for both husband and wife), such that they got to keep their family in “their” home.

Most people were born to be serfs.

#65 Do we have all the facts on 11.17.21 at 8:15 pm

The Key concept seems to be based on an assumption that the market value of a $600,000 condo purchased by 40 investors today will increase to $715,000 in three years (6.0%/year)

Each of the 40 shares in a $35,000 downpayment would have an initial value of $875 and an obligation to cover $65/month in debt servicing costs for $587,000 mortgage including insurance for a minimum of 36 months ($2,340)

The shareholder/purchaser would invest $875 for a 1/40 share and pony up $12,000 (outside of Toronto) in closing costs as an option to purchase after three years.

They would pay $2,000/month to Key plus their $65/
month share of a 25 year mortgage over 36 months, plus $875 for a total investment of $75,215 over 36 months.

This would compare to need to invest $47,000 to purchase a $600,000 condo and to pay approximately $3,800/month to cover debt service costs, insurance, property taxes, utilities maintenance costs and condo fees(investment of $136,800 over 36 months)

Assuming that the market value increased to $715,000 in 36 months the shareholder/purchaser could use the money they saved over 36 months to obtain a $680,000 mortgage, retire the balance of the initial mortgage and share the balance of $110,000 with 40 investors ($2,750 each).

An investment $875 plus an additional $2,340 spread over 36 months would have to provide the initial investors with a minimum of $3,800 at the end of 36 months to make any sense based on perceived risk

I for one am curious where the extra $38,000 required to meet initial investor expectations would come from.

This concept is fraught with substantial risk for both the shareholder/purchaser and for the initial investors.

Better to invest in the supplier of ten foot poles.

#66 Nonplused on 11.17.21 at 8:34 pm

#48 RichardTO on 11.17.21 at 6:42 pm
It’s not 4.7%. The government’s metric is entirely fraudulent.

If the Bank of Canada expanded the money supply by approx. 30% in 2020 (aka printed or introduced another 30% of new dollars of the entire circulating supply into the economy) then how is that any different from a public company diluting their stock price with an issuance of new shares?

The same general mechanism is at work here. The BoC diluted the value of the $CAD by ~30%, therefore the actual inflation, or erosion of purchasing power is a similar number – 20-30%, but with a time-delay as the money works through the various layers of the economy.

Prove me wrong.

————————————–

Challenge accepted.

When a company issues shares they sell them for money, hopefully about the right price, which they typically use for expansion or to pay down debt. Both result in a higher book value so the share price should not change much, and if managed well may go up.

When the printing presses run the only thing to offset it is more debt, so the dollar falls in value.

Therefore Q.E.D. they are not the same.

#67 Drill Baby Drill on 11.17.21 at 8:35 pm

It is official our country has gone to bovine excrement

#68 Is anybody home? on 11.17.21 at 8:42 pm

DELETED

#69 Doug in London on 11.17.21 at 8:52 pm

Bring back the good old days of 20% mortgages back in 1981.

#70 VladTor on 11.17.21 at 8:57 pm

Garth, very interesting post today. After finishing reading catch myself with thought – are they idiots? ALL????

You push me to read wiki about Mr. Poloz. He’s expert in Economics – this is explained for me everything.

He do not have an understanding of the true reason for what is happening in housing and what need to do to fix problems. This understanding is not in the West as a whole. The reason is simple – everyone who was taught after the second half of the 70s of the last century simply stupidly does not know alternatives to Economics. They do not know another language (terminology) of description. Therefore, they are not able to describe or explain what is happening. Here is an example – in Economics, it is strictly forbidden to say that crises may not be cyclical. And therefore they call any crisis the word recession. And they even have an axiom that a recession cannot last longer than either 6 or 8 quarters. Recession is a term from the theory of cyclical (only and exclusively!) processes. Here’s an example – a woman’s menstruation can be described the term recession. This is correct, despite the difference of terms. But gonorrhea disease cannot be described with such a term, despite the similarity of symptoms and the fact that you catch this ailment relatively regularly is Incorrect. Because the causes and essence of the phenomena are different. So economists are constantly trying to describe the disease with gonorrhea in terms of the menstrual cycle.

So, they try to fix housing problems with using stock market principles – this never worked and will never work.

#71 Albertaguy in AB on 11.17.21 at 8:59 pm

Well, if housing gets out of hand here in AB – maybe homeless adults can sign up for the $10 / day care. Snacks and a blankie included.

#72 Mafioso on 11.17.21 at 9:01 pm

#47 Dolce Vita on 11.17.21 at 6:40 pm
Singapore my kind of country when it comes to Covid.

You don’t wanna get vaxd, you pay the hospital bill if you catch Covid.

https://youtu.be/aQEUSpaAwlU?t=586

Watch their vax rates skyrocket.

People talk with hand on heart, act with hand on pocketbook.

About time somebody makes these big mouth anti-vax people but their money where their mouth is.

_____________________________________________

I agree … and same for anyone who doesn’t wear a seatbelt or a helmet, or who has ever smoked or had an alcoholic drink!

It’s no wonder Italy will remain a third world country forever!

#73 Robert Ash on 11.17.21 at 9:12 pm

It is extremely disheartening, when the so called Leaders of our Democracy, seem to be in it for themselves, and they sure make it seem, that the Electorate is an after thought. Why do we put up with Activism, and outright insults, with these folks, who anyone with common sense, would suggest they should be rushed to the Woodshed, for a ….

#74 crowdedelevatorfartz on 11.17.21 at 9:22 pm

@#64 Morning in Minnesota
“For the crime of having the wrong political beliefs and causing embarrassment to the powerful elites, he will be hung out to dry.”

++++

Gee, and I thought Q-anon Shaman dude was just an idiot.

#75 Squire on 11.17.21 at 9:27 pm

#17 TurnerNation on 11.17.21 at 4:31 pm
—-‐‐———-
I have seen the light TurnerNation. This isn’t going away.
The old system is slowly being phased out.

#76 Ponzius Pilatus on 11.17.21 at 9:42 pm

#63 CEF

A senator was fired.
Who knew you could actually rid them of their obscene salary and perks.
Like anyone noticed or cared.
Fire them all and save the taxpayers of Canada millions of dollars per year to have those political parasites rubber stamp anything that is placed in front of them.
——————-
Hold the horses!
The way I understand it, she was fired from the CAUCUS for questioning O’Toole’s leadership.
Not from her Senate position.
As I say, never waste a good rant.

#77 Old gringo on 11.17.21 at 9:44 pm

OMG, this insane government is trying to “ timeshare” real estate!
CMHC is going to cost real taxpayers billions and billions of $$$ somewhere down the line.
If you voted these idiots in, you deserve the consequences of that.
Same on you and I feel bad you don’t realize they are just buying votes.

#78 yvr_lurker on 11.17.21 at 9:51 pm

#64 AM in MN

Puts him up there with Conrad Black’s non-crime.

Most people were born to be serfs.
—–

???? CB is still a convicted fellow despite the best efforts of the corrupted Orange Fellow to pardon his other crimes. Moreover, most people seek to rise above serfdom, and the Gov’t should not hinder this process by screwing with housing market etc… epic fail on that one in recent years….

Should the CRA back off of trying to go after our honorable panana papers citizen Mr. Sharp?

https://www.cbc.ca/news/canada/british-columbia/fred-sharp-corporate-house-cra-draft-report-1.6250306

Or should this upstanding citizen be given some executive pardon when the dust settles…

It is completely clear that we are not all in it together…

#79 DON on 11.17.21 at 9:56 pm

Another Fun BC fact:

The place the flooded the most in the Lower Mainland used to be a big lake. So the water was just coming home.

https://dailyhive.com/vancouver/sumas-lake-sumas-prairie-barrowtown-pump-station-abbotsford-flooding

#80 Phylis on 11.17.21 at 10:00 pm

#51 crowdedelevatorfartz on 11.17.21 at 7:11 pm
@#43 Don
“What’s next a deep deep deep freeze.”

++++
Yes.
The Atlantic Conveyor will collapse for the first time in 10,000 years and suck us all into another ice age….

https://www.washingtonpost.com/climate-environment/2021/08/05/change-ocean-collapse-atlantic-meridional/#:~:text=Human%2Dcaused%20warming%20has%20led,could%20be%20close%20to%20collapse.

Plastic bags did it.
Xxxxxx
Don’t worry. If we line up all the politicians and get them to suck and blow, we can restart the conveyor.

#81 DON on 11.17.21 at 10:12 pm

crowdedelevatorfartz on 11.17.21 at 8:03 pm
@#56 Political Ponzie’s Putsch

“Not surprising that no one here talks about O’Toole turfing the Senator.
If it were JT, CEF would be all over it.”

+++

A senator was fired.
Who knew you could actually rid them of their obscene salary and perks.
Like anyone noticed or cared.
Fire them all and save the taxpayers of Canada millions of dollars per year to have those political parasites rubber stamp anything that is placed in front of them.

I couldn’t care less about who fires a senator.
But O’Toole should be down the road as well.
He’s incapable of winning against Trudeau or bobblehead doll Freeland.
He’s an albatross around the Conservative Party’s neck and he needs to go sooner rather than 2023 when the next “leadership” review is slated.

********
I think Harper in the Shadows is why the Cons are still not in the game. O’Toole is fine but the whackoos on the fringes wreck the party for everyone.

And replace the senate with an algorithm. Problem Sovled!

@Vlad … i see where you are going.

#82 Quintilian on 11.17.21 at 10:15 pm

#63 crowdedelevatorfartz

“He’s an albatross around the Conservative Party’s neck and he needs to go sooner rather than 2023 when the next “leadership” review is slated.”

Why not try to get Stockell Day Back.
I’m sure some money from China could help with the campaingn expenses.

#83 crowdedelevatorfartz on 11.17.21 at 10:18 pm

@#79 Don.
“The place the flooded the most in the Lower Mainland used to be a big lake. So the water was just coming home.”
++++
Yeah. I never heard of Sumas Lake until today.
drained in the 1920’s for rich farmland.
It used to be 4 miles wide and 6 miles long…. Pretty much what has flooded .

There was a study done in 2019 warning of a possible flood event filling the Sumas “Prairie” back to its original Lake…. The study was shelved…

https://fvcurrent.com/article/sumas-lake-flooding-history/

As for the ‘200 year flood”…. the flood in 1894 in Abbotsford made this Sumas flooding look like a minor event.

#84 DON on 11.17.21 at 10:31 pm

Faron

When’s the next atmospheric river? I don’t think that was the last of it. I have a bad feeling, hope I am really wrong as I see gas stations with lines and grocery stores are packed. Flood insurance is about to go up.

#85 Doug t on 11.17.21 at 10:37 pm

#17 TurnerNation

ALL HAIL OUR FRIEND TURNERNATION – you keep shedding light on truths dude – keep on keeping on brother- amen

#86 IHCTD9 on 11.17.21 at 10:38 pm

Going to be an entertaining 2022. I don’t see COVID being eradicated in year 3, but I do see politicians having less ability to lock things down on a whim. They’re going to have to find some other way. Supply chain issues will persist as long as they can make them, lots of folks making piles of money. It’ll be up to the consumers to put an end to it. They might not have much choice either (to slam the wallet shut) the way things are going.

I think Trudeau will have to walk a few miles on eggshells next year too. Everyone’s pretty fed up by now, and he still has to get revenues back on track. Doing this at 100/bbl, 4.7%, and ~700k nation-wide sfd averages will be a game of dodge-ball. He hasn’t done a thing to bring down the COL for anyone working for a living, eventually they’re going to want some results. Looks like he’s more interested in making things worse so far.

I’ll have cold beer and hot popcorn ready for the show. I’ve made a few changes to deal with the increasing energy costs, and for now the worst of it will be getting ripped on food prices. All major projects around the bunker complex are on hold until the supply chain gets fixed (and that’s how you fix it). The B+D is still chugging along, we don’t have to worry about interest rates or RE prices. Shrewd procurement, simplification, and a little sweat equity handles everything else. For a little buffer, I am converting some limited-use lifestyle inflation back into cash too. Not too many stones left to turn over.

Let the show begin…

#87 Faron on 11.17.21 at 11:05 pm

#43 DON on 11.17.21 at 6:06 pm

And Crowdie, Ponz, Dr. V and others in SW BC who “deserved” all of this flooding and the supply chain misery:

I’ve been poking around in the data archives and chatting with climate pals. This event was a big one, but not too far separated from events in 2003, 1990 and even one going back to 1935. Here are some crude maps of 4-day precipitation totals for the region:

https://ibb.co/s2ncfqs
https://ibb.co/KKPTNpV
https://ibb.co/MNX5wzN
https://ibb.co/M71dXH2

I don’t like you guys enough to share my interactive maps with ya, sorry.

#88 Faron on 11.17.21 at 11:12 pm

#84 DON on 11.17.21 at 10:31 pm

Faron

When’s the next atmospheric river? I don’t think that was the last of it. I have a bad feeling, hope I am really wrong as I see gas stations with lines and grocery stores are packed. Flood insurance is about to go up.

Some pretty strong ones are going to hit mid-coast in the next week. There’s a threatening one about 10 days out, but forecasts that far in advance are not reliable enough to get at all worked up about. canadian model has it going into the US, US model has it going into Canada. LOL.

Seasonality is on our side to avoid another big one. October and November are the wettest months of the year for us. Strong Atmospheric Rivers are fuelled by tropical moisture export with peaks in late summer and through fall. This dies down as the sun tracks south of the equator, so the strongest ARs lose water supply. Still can get wet ones in late fall and early winter, but the odds of exceptional events goes down.

Importantly, almost all of the rain that we see comes from an atmospheric river-like origin. 90 to 99 percent of it. The tropics are in the drivers seat and as they warm up in coming decades, they will need to get rid of more moisture and heat making stronger and longer lasting AR events more likely. That is why climate change will bring us wetter winters.

#89 Meh on 11.17.21 at 11:17 pm

Inside knowledge is power yet they act so innocent when exposed. They just resign and NOTHING HAPPENS to them because NO ONE CARES…

————————————

The illusion that impropriety in finance carries heavy consequences is just that, a grand joke. Seriously Garth, when was the last time that anyone on Bay Street or Wall Street was arrested or charged with anything more than a tiny slap on the wrist, if anything at all? Please point out all of the jail sentences handed out after the GFC. Bernie Madoff after scamming the system to the tune of billions and living the high life for decades? Central bank governors gift trillions to stock markets, then get caught blatantly insider trading and they walk away with millions and golden pensions to boot. And everyone on this blog has the audacity to label realtors as douche bags, and believe me, I’m no fan of theirs either. But by comparison, they are angelic.

Give it a rest.

Central banks and the entire financial system is rife with reptiles who get away with financial murder every minute of the day. Poloz is a snake but in his defense, no worse than sub humans like Jerome Powell and Janet Yellen. Real inflation is at least 3 times what these creative criminals claim that they are after they manipulate and contort real world data. Transitory, lmfao, even my 18 month old daughter could see through that zinger.

If we are going to bring housing back down to reality and stop 20 years corruption, then everything (and I mean everything commodity, bitcoin and gold lovers) else needs to be pulled apart and come crashing back down to earth with it. Anything less is pure hypocrisy and cronyism toward anything that suits one’s selfish needs.

#90 Al on 11.17.21 at 11:36 pm

“shysters, carpetbaggers, grifters and charlatans that a steamy market attracts.” And up shows Poloz. And we wonder why things unfold the way they do.

#91 Ponzius Pilatus on 11.17.21 at 11:36 pm

#82 Quintilian on 11.17.21 at 10:15 pm
#63 crowdedelevatorfartz

“He’s an albatross around the Conservative Party’s neck and he needs to go sooner rather than 2023 when the next “leadership” review is slated.”

Why not try to get Stockell Day Back.
I’m sure some money from China could help with the campaingn expenses.
————————————-
Or the “fantastic” Vander Zalm.
He would have us all out there with buckets and shovels.

#92 BillyBob on 11.17.21 at 11:50 pm

Happy “Struggle for Freedom and Democracy” day from the beautiful, unflooded Czech Republic today. I was trying to think of the corollary in Canada.

“Struggle to raise a flag all the way to the top of the mast” Day?

#93 BillyBob on 11.17.21 at 11:58 pm

#87 Faron on 11.17.21 at 11:05 pm

And Crowdie, Ponz, Dr. V and others in SW BC who “deserved” all of this flooding and the supply chain misery:

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

Are you still whining a day later? My word.

I would have thought this was a godsend, a chance to show just how bad this Klimate Krisis truly is.

Setting aside that weather ≠ climate. Who cares about such trifling details when there is an agenda to be pushed. It’s already been promulgated on such august sites as the BBC.

“Officials in the region have attributed the natural disaster to the effects of climate change.”

https://www.bbc.com/news/world-us-canada-59324764

Never waste a good disaster, Klimate Komrades. The simpleton masses will eat this with a spoon.

#94 Outrage on 11.18.21 at 12:03 am

Its funny I’m in Mexico and I love the people ,weather, cost of living and the freedom. The truth is barking dogs are a big problem here. Dog owners leave their dogs on there balconies and they bark all day and night. So many stray dogs on the street and shit everywhere. Some of these dogs may carry rabies so beware .The worst place for stray dogs is India. I had a few dogs when I was young and loved them dearly but now I think of dogs as just noise pollution .I love quiet dogs and cats.
I love Malaysia,no dogs just lots of cats.

#95 DON on 11.18.21 at 12:36 am

#88 Faron on 11.17.21 at 11:12 pm
#84 DON on 11.17.21 at 10:31 pm

Faron

When’s the next atmospheric river? I don’t think that was the last of it. I have a bad feeling, hope I am really wrong as I see gas stations with lines and grocery stores are packed. Flood insurance is about to go up.

Some pretty strong ones are going to hit mid-coast in the next week. There’s a threatening one about 10 days out, but forecasts that far in advance are not reliable enough to get at all worked up about. canadian model has it going into the US, US model has it going into Canada. LOL.

Seasonality is on our side to avoid another big one. October and November are the wettest months of the year for us. Strong Atmospheric Rivers are fuelled by tropical moisture export with peaks in late summer and through fall. This dies down as the sun tracks south of the equator, so the strongest ARs lose water supply. Still can get wet ones in late fall and early winter, but the odds of exceptional events goes down.

Importantly, almost all of the rain that we see comes from an atmospheric river-like origin. 90 to 99 percent of it. The tropics are in the drivers seat and as they warm up in coming decades, they will need to get rid of more moisture and heat making stronger and longer lasting AR events more likely. That is why climate change will bring us wetter winters.

******
Makes sense December is usually a calmer month, then again this year has been harsh overall. US and Canada playing hot potatoe with the weather lol.

Seeing the Malahat turn into a torrential water slide was different, seeing Islanders battling the waters uphill was Island style. Gotta do what you gotta do to get home.

The things you thought you would never see. A tsunami in the Spring?

#96 Ponzius Pilatus on 11.18.21 at 12:44 am

#83 CEF
As for the ‘200 year flood”…. the flood in 1894 in Abbotsford made this Sumas flooding look like a minor event.
——————————-
Not sure they had dykes and pumps back in 1894.

#97 Jane24 on 11.18.21 at 12:48 am

Garth I do remember in the 1980s RE disaster that this was the last thing that happened before prices went way south. Agents and RE lawyers setting up schemes for investors to buy small parts of a home with a tenant in place. Such schemes were everywhere in 1988 and then the RE total price collapse. It truly was and is the canary in the coal mine.

All my family live in Canada and they say an official rate of 4.7% inflation is laughable. Their TO and Montreal based estimates are closer to 10% and yet more Cdn dollar printing is on the way. Makes me worry about my Cdn $ based pensions that are paid to me here in England every month.

Folk here still panicking that a 7% rise in RE values in the last Covid is unsustainable. They don’t believe me when I tell them about Canada.

#98 Ponzius Pilatus on 11.18.21 at 1:08 am

Condo by the Slice.
I think the guy who invented the Pizza slice will want his share or sue for trademark infringement.
Back to the drawing board, Mr. Poloz.

#99 Summertime on 11.18.21 at 2:59 am

Real annual inflation at 10-15 %. And accelerating.

Official fake inflation numbers at over 6 %.

But don’t worry, the chief lairs at BOC will ‘maybe’ raise the rates by 0.25 % from zero.. ‘soon’.

I read the ‘opinion’ piece of the current BOC lair chief and was terrified. ‘transitory inflation’ and ‘economy slack’, ‘supply disruption’ stupidities, but don’t worry, we have the ‘inflation under control’.

I read that 10-12 years ago when another chief lair at BOC was talking about rates being low for a short time.

Now real estate inflation in GTA caused 3-4 times the valuations from 10 years ago.

Destruction of currency in real time. Fast and irreversible.

Trust the lairs at BOC at your ow expense.

Pensions indexed at 1-2 %. I wonder when retirees will start confiscating government properties to pay for their stolen pensions.

If the government and bankers openly steal from you are you supposed to just sit back and watch, even cooperate with the thieves?

#100 Gerald Futz on 11.18.21 at 4:56 am

What used to called ” the jet stream”, us now an “atmospheric river” . What used to occur every year is now man made climate change”. El Nina…nonsense…climate change. “Pineapple Express…not any more…climate change. Unions left the pumps to rot…climate change. government drops the ball ..climate change.

Proof of events in previous centuries..nah…climate change. Man’s power over nature is amazing. 1920s saw the river fed lakes of Sumas Prairie redirected and the river bottom farmed. No thought to nature’s ways. No climate change…just human stupidity.

Higher taxes will stop climate, ask the dinosaurs. If it wasn’t so pathetic it would be comical. Trudeau sends the air force? WTF are our pathetic jets going to do? Will pilots shoot down climate clouds? The ancient helicopters Canada has are as useless as Trudeaus socks. Canadas military should have sent sand baggers instead.

#101 Wrk.dover on 11.18.21 at 7:58 am

#95 DON on 11.18.21 at 12:36 am
The things you thought you would never see. A tsunami in the Spring?
_________________________________

I live in fear of when the earth opens up and the Long Beach container port tips over, sliding all of those sea cans into their deep namesake, thus emptying the 7th largest economy which is a state inside the largest of economies, I will learn at large expense that my buy and hold mantra investment watch dog doesn’t have a sell button on his dashboard.

We need previously unimagined Chicken Little grade contingency plans in these times of people supposedly on our side like Poloz and the insider US Fed plus the Fraternal order of Goldman Sachs greedily doing damages that Putin and Xi only dream about doing to the three Amigos.

#102 crowdedelevatorfartz on 11.18.21 at 8:12 am

@#92 BillyBob
““Struggle to raise a flag all the way to the top of the mast” Day?”

+++
hahahaha.
I’d just be happy with a Prime Minister who can finish a sentence without stumbling.

Now that the election is over and Trudeau is speaking without a swarm of therapists….

He’s back to his unscripted, question and answer, media scrum “Ummm errr ahhhh” elocution.

Yesterday’s presser in Washington was particularly painful.
Breathless wheezing as he worked himself into a frenzy of Faronic empathy for the voters of BC.

#103 Dharma Bum on 11.18.21 at 8:13 am

Key offers “slices” of equity.

Slices = tranches.

Ironic. Canadians usually like to push the French terminology. I guess “tranches” got a bad rap. Yet, they are still “slices”.

https://www.google.com/search?q=how+do+you+say+slice+in+french&oq=how+do+you+say+slice+in+french&aqs=chrome..69i57j0i22i30l5.9518j1j15&sourceid=chrome&ie=UTF-8

When’s the last time you heard that term bandied about?

https://academic.oup.com/cje/article/33/4/563/1730705

Hint: it didn’t end well.

#104 Polozi Scheme 2 on 11.18.21 at 8:14 am

Carney is doing some good???? with Bruce Flatt and help from BMO ETF share swap (unethical), stole Inter Pipeline from underneath investors…I’d say not.

#105 RichardTO on 11.18.21 at 8:21 am

@47 Dolce

“Singapore my kind of country when it comes to Covid. You don’t wanna get vaxd, you pay the hospital bill if you catch Covid.”

ABSOLUTELY, as someone who has had COVID, and who will never take the injection for it, I’m with you. I take responsibility for my health.

But this can only by accompanied by the same restriction for those who are obese: making ruinous health decisions that imperil public finances and healthcare.

#106 crowdedelevatorfartz on 11.18.21 at 8:23 am

I’m sure we will be graced with a Trudeau-nian visit of the disaster areas and then a presser in each of the affected areas of the Province……where he will appear stern, affected, grave and Faronically empathetic.

As soon as our fearless leader can decide which of his tailor made outfits goes with….muck.

#107 crowdedelevatorfartz on 11.18.21 at 8:26 am

@#100 Mr Futz

” Canadas military should have sent sand baggers instead.”

+++
Apologies, all the sand baggers are busy creating emails, zoom calls and paperwork in govt.

#108 Polozi Scheme 3 on 11.18.21 at 8:26 am

EX-CENTRAL BANKERS HAVE NO MORAL COMPASS.

https://www.dwpv.com/en/Insights/Publications/2021/ASC-Finds-Total-Return-Swaps-Abusive

#109 Tony on 11.18.21 at 8:56 am

Re: #22 XGRO and chill on 11.17.21 at 4:43 pm

The root cause was the American government giving money to people who didn’t even need it during an election year. Anyone who made under half a million a year got free money for nothing including new born babies. This what caused all the inflation. The ruse about the broken supply chain is just total lies, it doesn’t exist. Since the U.S. dollar is the world’s reserve currency American inflation found its way into the entire world.

#110 SunShowers on 11.18.21 at 9:16 am

And the public/private revolving door spins on.

#111 crowdedelevatorfartz on 11.18.21 at 9:26 am

@#96 Ponzie’s poor prehistory predictions

“Not sure they had dykes and pumps back in 1894.”

+++

Ever been to Holland?

https://en.wikipedia.org/wiki/Flood_control_in_the_Netherlands#:~:text=The%20first%20river%20dikes%20appeared,(Graaf%20van%20Holland%2C%20c.

Dykes in the 11th century.
Windmills to pump water several hundred years later.

French settlers in Nova Scotia reclaimed land in the 1600’s.

http://www.landscapeofgrandpre.ca/the-acadians-and-the-creation-of-the-dykeland-1680ndash1755.html

#112 DonM on 11.18.21 at 10:00 am

#47 Dolce

You don’t wanna get vaxd, you pay the hospital bill if you catch Covid.

******

How is that going to be implemented when the majority have pre-existing conditions such as disease brought on by obesity or even age? Using your logic, those who take care of themselves and avoid weight related illness should be able to jump the line when it comes to healthcare.

#113 Shawn Allen on 11.18.21 at 10:01 am

Money Printing?

#48 RichardTO on 11.17.21 at 6:42 pm
It’s not 4.7%. The government’s metric is entirely fraudulent.

If the Bank of Canada expanded the money supply by approx. 30% in 2020 (aka printed or introduced another 30% of new dollars of the entire circulating supply into the economy) then how is that any different from a public company diluting their stock price with an issuance of new shares?

*******************************
Vastly different. Your argument sounds logical but is simply not how money works. Money is complex. The eighth wonder of the world.

Best estimate of inflations, and it is yes an estimate is 4.7%. Accept it. Stats Can actually knows a bit more about than the average smuck here on the blog. In fact vastly more than any of us.

#114 Doug in London on 11.18.21 at 10:51 am

If you want fractional ownership in real estate, then buy REITs. Better yet, you should have bought REITs or REIT ETFs last March when they were on sale.

#115 Bob Dog on 11.18.21 at 10:56 am

Sounds like we need to boost the immigration rate.

No food in bc goes well with no housing.

We need more people moving here to boost Amazon stock price.

#116 Millenial 1%er on 11.18.21 at 11:04 am

Garth, I don’t think you understand how overleveraged people are. Prices won’t hold because they simply can’t

#117 Don Guillermo on 11.18.21 at 11:19 am

#16 the Jaguar on 11.17.21 at 4:27 pm
DonG! He made it! Little Charlie, livin’ la vida loca in the Maz! What a cutie.
*********************************
I know. I told him he hit the big leagues yesterday. He’s now prancing around the hood wearing shades and an ascot. The big dogs aren’t impressed.

#118 IHCTD9 on 11.18.21 at 11:35 am

#94 Outrage on 11.18.21 at 12:03 am
Its funny I’m in Mexico and I love the people ,weather, cost of living and the freedom. The truth is barking dogs are a big problem here. Dog owners leave their dogs on there balconies and they bark all day and night. So many stray dogs on the street and shit everywhere. Some of these dogs may carry rabies so beware .The worst place for stray dogs is India. I had a few dogs when I was young and loved them dearly but now I think of dogs as just noise pollution .I love quiet dogs and cats.
I love Malaysia,no dogs just lots of cats.
__________________________

Cats clean the place up too – and you almost never see cat crap laying around. I always approve of seeing barn cats prowling around the yard. If I have an enclosed space where mice or other vermin can get in – I always make a “door” big enough for a Cat to get in there too.

You might like this:

https://en.wikipedia.org/wiki/Kedi_(2016_film)

#119 Faron on 11.18.21 at 11:49 am

#96 Ponzius Pilatus on 11.18.21 at 12:44 am
#83 crowdedelevatorfartz on 11.17.21 at 10:18 pm

@#79 Don.

Here’s a run-down of floods, landslides and avalanche events in BC 1820 to 2006:

https://www.env.gov.bc.ca/wsd/public_safety/flood/pdfs_word/floods_landslides_north.pdf

#120 Ponzius Pilatus on 11.18.21 at 11:53 am

#92 BillyBob on 11.17.21 at 11:50 pm
Happy “Struggle for Freedom and Democracy” day from the beautiful, unflooded Czech Republic today. I was trying to think of the corollary in Canada.

“Struggle to raise a flag all the way to the top of the mast” Day?
—————————-
Well, let me help you out.
Canada will soon be celebrating “End of COVID Day”, while the glorious Cheque Republic is getting worse by the Day.
Locking down the unvaccinated just like Austria.
Billy Bob, you can run but you can’t hide.

#121 Wrk.dover on 11.18.21 at 11:56 am

#102 crowdedelevatorfartz on 11.18.21 at 8:12 am
He’s back to his “Ummm errr ahhhh” elocution.
_______________________________________

I had noticed that too. I can only stomach local news casts for Canadian content now, because at the national level they all drop the last syllable in every sentence, as per Adrienne Arsenault. The Costumer In Chief has that irritation going on in spades too.

Makes me temper tantrum livid!

The very best news/bingo caller of all, is Cristina Tenegula on CP24. She has the best diction of anyone speaking our English language.

#122 Dr V on 11.18.21 at 12:04 pm

DON/Faron – thank you for the links.

I also researched a bit and found the floodplain map for
Vedder/Chilliwack rivers.

https://www.env.gov.bc.ca/wsd/data_searches/fpm/reports/bc-floodplain-maps/Vedder_River/85-53-1.pdf

If you zoom in and look hard you will see “spot” elevations for existing ground typically about 4-5 metres. There is also a notation for the Fraser River flood elevation – 10.5m! The flood levels for Vedder/Chilliwack Rivers go up from there.

Firing up google earth,you can also get elevations. These should be quite accurate in the farmland. Verified a typical 4-5m in the locations from the above map, then moving Southwest towards Sumas prairie, the elevation drops as low as zero, with a considerable area in the 1-2m range.

A disaster waiting to happen.

#123 kc on 11.18.21 at 12:12 pm

#105 RichardTO on 11.18.21 at 8:21 am

@47 Dolce

“Singapore my kind of country when it comes to Covid. You don’t wanna get vaxd, you pay the hospital bill if you catch Covid.”

ABSOLUTELY, as someone who has had COVID, and who will never take the injection for it, I’m with you. I take responsibility for my health.

But this can only by accompanied by the same restriction for those who are obese: making ruinous health decisions that imperil public finances and healthcare.

*********

Here is the problem … Pay as you go works great when you get service and quality for your money.

25 years ago while traveling through Asia, I picked up Typhus from sleeping in a dirty Hostel, went into a walk in clinic to get it looked into. This was in Southern Thailand, walked in, and showed the lady my boil looking problem. she took a small lance to my finger and extracted the smallest drop of blood, and placed it under a microscope. I watched the whole process. She came back a few minutes later and told me what I had wrong, and gave me a bottle of pills. The whole cost was equal to 20 USD.

Try that in Canada and you get to join the health care merry go round of tests and wait and more BULLSH!T.

Now the other problem will be the same health care problem you see in the states….

Pick your poison carefully.

#124 COUNTERPART on 11.18.21 at 12:15 pm

Anyone watch COUNTERPART? Shot in 2017 released end of 2018.

I’m re-running it and the pandemic parallels are quite stunning on second look.

It’s a East vs. West SciFi spy drama, but instead of East vs. West, it’s 2 dimensions. Something went wrong in one. A flu. Pandemic. One dimension feels the other sent the flu over and are in conflict and wanting revenge.

Little ad before the movie on the pandemic Prime side:
https://www.youtube.com/watch?v=aVfbcZxCViU

That is…well, interesting. It was just imagination in 2017. Here we are today.

By the way, I highly recommend the show.

#125 kc on 11.18.21 at 12:19 pm

86 IHCTD9 on 11.17.21 at 10:38 pm

Going to be an entertaining 2022. I don’t see COVID being eradicated in year 3, but I do see politicians having less ability to lock things down on a whim. They’re going to have to find some other way. Supply chain issues will persist as long as they can make them, lots of folks making piles of money. It’ll be up to the consumers to put an end to it. They might not have much choice either (to slam the wallet shut) the way things are going.

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

How many people can do this or practice what they preach?

I for 1 closed my wallet months back and easy banking 800-1200 a month.

Too many are living way beyond their raisin’ … 2 new leased vehicles, dance lessons for kids, wasting money with tooo busy to cook at home, eat out everyday, all on the gotta have it now system…

The chickens are on the way home to roost and this 1 is going to be an eye opener for the un-prepared.

cheers

#126 Dr V on 11.18.21 at 12:24 pm

Also found this

https://www.fraserbasin.bc.ca/Regional_Flood_Maps.html

The flood map for the Fraser river at the present time (as opposed to future projections) does not even include the Sumas prairie. I can only speculate on the following reasons for this

1) the Fraser is adequately dyked so as not to pose a direct threat
2) The Nooksack in Washington state has the principal effect and is not in the study area
3) The presence of the pumps at Barrowtown rendered
drainage calculations meaningless as their capacity was deemed adequate for the flood event

Faron – wondering if you can provide a current satellite image of the flooded area(s) without compromising
your employment? Thanks

#127 T on 11.18.21 at 12:30 pm

#105 RichardTO on 11.18.21 at 8:21 am
@47 Dolce

“Singapore my kind of country when it comes to Covid. You don’t wanna get vaxd, you pay the hospital bill if you catch Covid.”

ABSOLUTELY, as someone who has had COVID, and who will never take the injection for it, I’m with you. I take responsibility for my health.

But this can only by accompanied by the same restriction for those who are obese: making ruinous health decisions that imperil public finances and healthcare.

—————

Not all obese people are such due to personal choice. Eating healthy is too expensive for many and many have disease which leads to obesity as an outcome. Plus, if the obese are such due to consumption they have paid tax on much of what they consumed.

Now, let’s say you come down with covid and spread it to others. Will you pay for their medical treatments due to your negligence?

#128 Sheesh on 11.18.21 at 12:46 pm

#105 RichardTO on 11.18.21 at 8:21 am
@47 Dolce

“Singapore my kind of country when it comes to Covid. You don’t wanna get vaxd, you pay the hospital bill if you catch Covid.”

ABSOLUTELY, as someone who has had COVID, and who will never take the injection for it, I’m with you. I take responsibility for my health.

But this can only by accompanied by the same restriction for those who are obese: making ruinous health decisions that imperil public finances and healthcare.

……

Well, maybe if obesity was contagious.

#129 Summertime on 11.18.21 at 1:12 pm

#113 Shawn Allen on 11.18.21 at 10:01 am

money is complex for simpletons.

low level charlatans add some buzzwords like ‘transitory inflation’, ‘slack in economy’, ‘supply disruption’ stupidities in their messages in order to further confuse the simpletons.

all things equal – excluding velocity – more money printing drives higher prices. that’s it.

Now with velocity really picking up….

Inflation is 10-15 %. 4.7 % is for idiots and even they don’t buy it. (apparently some do)

As for your trust in the Statistics and BOC: good luck with it, you will need it.

#130 Sail Away on 11.18.21 at 1:27 pm

#127 T on 11.18.21 at 12:30 pm

Eating healthy is too expensive for many

——-

?????

In my poor days there were always beans soaking. From the 50 lb sack right next to the 50 lb sack of rice. A couple dozen of the cheapest eggs a week, root veggies, gleaned fruit.

Healthy eating is not expensive.

Legendary distance running coach Joe Vigil says to improve your running and health, ‘eat like a poor person’

#131 crowdedelevatorfartz on 11.18.21 at 1:46 pm

@#119 Faron.

Interesting stats.
Seems like lots of slides on the North Coast of BC.

The 1917 rainfall around Prince Rupert for the month of Nov. 2235mm ( 88 inches or more than 7 feet of rain in a month).

No mention of the Hope Slide in 1965…?

#132 Faron on 11.18.21 at 1:56 pm

#126 Dr V on 11.18.21 at 12:24 pm

Faron – wondering if you can provide a current satellite image of the flooded area(s) without compromising
your employment? Thanks

I’m not a remote sensing guy, but NASA worldview is a great tool. Yesterday afternoon the skies were clear and MODIS was able to see the area well. Former Sumas Lake is pretty obvious.

https://go.nasa.gov/3FsQj5f

#133 Not Fooled on 11.18.21 at 1:59 pm

#118 IHCTD9 on 11.18.21 at 11:35 am
#94 Outrage on 11.18.21 at 12:03 am
Its funny I’m in Mexico and I love the people ,weather, cost of living and the freedom. The truth is barking dogs are a big problem here. Dog owners leave their dogs on there balconies and they bark all day and night. So many stray dogs on the street and shit everywhere. Some of these dogs may carry rabies so beware .The worst place for stray dogs is India. I had a few dogs when I was young and loved them dearly but now I think of dogs as just noise pollution .I love quiet dogs and cats.
I love Malaysia,no dogs just lots of cats.
__________________________

Cats clean the place up too – and you almost never see cat crap laying around. I always approve of seeing barn cats prowling around the yard. If I have an enclosed space where mice or other vermin can get in – I always make a “door” big enough for a Cat to get in there too.

You might like this:

https://en.wikipedia.org/wiki/Kedi_(2016_film)

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

Cats are disease vectors with filthy mouths. Their bites uniformly become infected. You don’t see their crap because they buried it in the neighbour’s flower bed. Keep the filthy little bird murderers indoors.

https://www.cbc.ca/news/canada/british-columbia/cats-spread-deadly-parasite-1.6244761

#134 Faron on 11.18.21 at 2:09 pm

Here’s some highway damage porn from the BC MoTI:

https://www.flickr.com/photos/tranbc/albums/72157720143417483

Expensive

#135 Millennial 1%er on 11.18.21 at 2:16 pm

@Sheesh

Too bad we live in a country where it’s actually illegal to take care of yourself with private healthcare

#136 BillyBob on 11.18.21 at 2:23 pm

#120 Ponzius Pilatus on 11.18.21 at 11:53 am
#92 BillyBob on 11.17.21 at 11:50 pm
Happy “Struggle for Freedom and Democracy” day from the beautiful, unflooded Czech Republic today. I was trying to think of the corollary in Canada.

“Struggle to raise a flag all the way to the top of the mast” Day?
—————————-
Well, let me help you out.
Canada will soon be celebrating “End of COVID Day”, while the glorious Cheque Republic is getting worse by the Day.
Locking down the unvaccinated just like Austria.
Billy Bob, you can run but you can’t hide.

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

What are you talking about? Covid isn’t nearly over in Canada, and I’m quite happy to have the unvaccinated locked down. Pro-science and all that. Not sure that Czechs would be quite as docile about it as Austrians or Canadians though.

Run and hide? What does that even mean? I’m too busy moving things where they need to go to sit cowering in the Lower Drainland like yourself lol. Shouldn’t you be out hoarding groceries?

Some of those “nice” Canadians and their community spirit at work.

https://nationalpost.com/news/panic-buying-not-highway-washouts-causing-empty-shelves-and-shortages-in-b-c

#137 Barb on 11.18.21 at 3:39 pm

And here’s BC’s idiot, Farnworth, making ridiculous statements about his title and that he’s not responsible for public safety:

https://www.thebeaverton.com/2021/11/b-c-public-safety-minister-clarifies-that-title-is-ceremonial-like-princess-or-birthday-boy/

What a prima dona…

#138 Wrk.dover on 11.18.21 at 3:52 pm

#127 T on 11.18.21 at 12:30 pm
Not all obese people are such due to personal choice.
_________________________________________
Chris Christie said similar the other night.
He’s trying, plus the operation. Negligible result.

#139 T-Man on 11.18.21 at 3:56 pm

Garth is speaking in code. Go deeper means the corruption inherent in the system. Normies in this country are clueless to what really goes on behind the curtain. Garth was an insider and knows the truth. God bless you Garth, for your down to earth, rebel heart.

#140 Faron on 11.18.21 at 4:07 pm

#131 crowdedelevatorfartz on 11.18.21 at 1:46 pm

@#119 Faron.

Woops, the doc is for northern BC. I should have been clearer in my previous comment.

A wet environment that hangs around the freezing mark and is very tectonically active and previously ice-sheet covered is a perfect recipe for landslides.

#141 Tacko on 11.18.21 at 4:12 pm

There is no excuse for obesity other than way too many calories taken in and not burning them off. The overwhelming winner of the highest burden to healthcare is obesity.

#142 Faron on 11.18.21 at 4:13 pm

#136 BillyBob on 11.18.21 at 2:23 pm

Still taking pot-shots at BC from afar Mr. Smalls? The floods we “deserved”?

Pretty negative from a guy with the bright [forced] smile [grimace].

There’s a lot of good being done by citizens:

https://www.abbynews.com/news/jet-boat-rides-on-offer-for-those-cut-off-from-communities-in-eastern-fraser-valley/

https://www.abbynews.com/news/abbotsford-restaurant-offering-free-meals-to-those-impacted-by-flooding/

https://bc.ctvnews.ca/surrey-sikh-community-cooks-thousands-of-meals-charters-helicopter-to-help-those-reeling-from-severe-storm-1.5671616

It’s time for you to shut the hell up about the floods.

#143 RichardTO on 11.18.21 at 4:21 pm

@113
“Best estimate of inflations, and it is yes an estimate is 4.7%. Accept it. Stats Can actually knows a bit more about than the average smuck here on the blog. In fact vastly more than any of us.”

Oh yes, those 23-year olds with undergraduate degrees in social sciences and statistics (arguably not even math). We should tremble before the wisdom of our government agencies.

Too bad the number is a work of fiction.
Gas went up 30%, houses went up 30%, meat and cheese went up 20% – the inflation IS ~30%, which is in line with the amount of dilution of the money supply.

Simple as’

@128
“Well, maybe if obesity was contagious.”

Notice how families generally share the same body weight and dimensions, and fat couples never consist of hugely disparate partners… You appear to be wrong.

@127
“Not all obese people are such due to personal choice.”

Now that’s what I call a cope.
The biggest burden on our nation’s public finances is health care, and of that, the biggest slice of the budgetary pie comes from diseases related to/caused by over-eating. Obesity and excessive eating are also the number #1 cause of death in Canada for decades now, the pathetically survivable COVID is nowhere near that number.

It’s real simple: STOP eating and destroying this country’s blood & treasure.

#144 Faron on 11.18.21 at 4:36 pm

#136 BillyBob on 11.18.21 at 2:23 pm

#120 Ponzius Pilatus on 11.18.21 at 11:53 am

What are you talking about? Covid isn’t nearly over in Canada,

This is the stupid argument that Sail Away burbled out some months ago in comparing the US and Canada: it’s not over yet! We’ll somehow, magically, stop all infections and watch the country with a sensible population somehow suddenly have a rash of COVID. LOL.

Ponz may be a little overexcited here, but one thing is certain, Canada isn’t very likely to see COVID death rates creep up to the insane level czechia has experienced. 7th worst in the world. Maybe those struggling for freedom also have struggled against the vaccines? almost 40% unvaccinated. Ouch.

Kinda funny how this little university town I live in also has a super high vax rate? It’s almost as if we have a functional relationship with facts that some parts of the world seem to be watching slip through their fingers?

#145 Not Fooled on 11.18.21 at 4:51 pm

#137 Barb on 11.18.21 at 3:39 pm
And here’s BC’s idiot, Farnworth, making ridiculous statements about his title and that he’s not responsible for public safety:

https://www.thebeaverton.com/2021/11/b-c-public-safety-minister-clarifies-that-title-is-ceremonial-like-princess-or-birthday-boy/

What a prima dona…

*********

You do know that the Beaverton is a satirical site?

#146 crowdedelevatorfartz on 11.18.21 at 4:52 pm

@#137 Barb

https://www.thebeaverton.com/2021/11/b-c-public-safety-minister-clarifies-that-title-is-ceremonial-like-princess-or-birthday-boy/

Prima donna?

Nah.
Just your classic bureaucratic buck passing at it’s finest.
Finger pointing everywhere but the mirror.

The Minister of Public Safety isnt responsible for….public safety….

My Gawd.

Methinks Farnsworth is going to be reassigned ……

#147 Dr V on 11.18.21 at 4:53 pm

132/134 faron – Thanks!

The ‘hat will be fine but the coca-cola is f…..d.

#148 Barb on 11.18.21 at 4:56 pm

Stunning photos of the carnage in B.C.

https://www.flickr.com/photos/tranbc/51687939324/in/album-72157720143417483/

#149 westcdn on 11.18.21 at 5:27 pm

The dog picture strikes me as funny. I was asked to care of an old dachshund called Gertie. I lived in a trailer while logging for my father – fortunately it was summer. I returned from work one day see her cowering under the trailer. I look around and see an eagle in a tree waiting for her to come out. We spent a few days together sleeping in the trailer and I would not leave her outside when I went to work. It was hard on her.

By accident I sold all my BIR call options. Sometimes my mistakes turn out to be a good thing. I remember someone saying I would lose my shirt in options – it did not turn out that way. As much as I don’t like it, buying down debt seems to be good. I borrowed a lot from my LOC to buy equities March 2019. Oddly, due to the vulgarities of timing, my LOC is cheaper than my mortgage. I don’t expect that to last.

The best person to take care of my ass is me – not for everyone.

#150 Sail Away on 11.18.21 at 5:45 pm

#144 Faron on 11.18.21 at 4:36 pm

This is the stupid argument that Sail Away burbled out some months ago…

——-

Somebody else mentioned a while back that when you talk about weather mapping, you seem sort of normal.

But then you try normal human discussion and can’t help letting the crazy out. Looney toons.

#151 Sixer on 11.18.21 at 7:22 pm

I looked up the properties available on Key. They are all former rental properties that have been previously listed by a same real estate brokerage and were vacant as of last year. The monthly payment Key wants to charge the owner-resident is essentially the same as the asking rent they wanted. Now they get the rent and 2.5% for the partial ownership.