Scary

It’s a scary world. At least for those who fixate on risk – the kind you cannot control.

Three such things spring to mind.

Russia says it will recognize rebel-held parts of Ukraine as independent, paving the way for its troops to be invited in. Now Biden and Putin may be having a conflab to avoid warfare with diplomacy. It sure smells like Chamberlain-Hitler. You know how that turned out.

The pandemic could come back. Reports of a new, lethal variant of Omicron surfaced over the weekend. With public health restrictions being lifted and seven million unvaxed Canadians wandering among us, could 2020 return?

And chaos. Political chaos. The ‘truckers’ thing has deepened and widened the chasm in our society. The protest imported alt-right tactics (the flag, the ‘patriot’ language, the religiosity, the MOU for regime change) and triggered government emergency powers inherently repugnant to libertarians. Where do we go now?

As this blog has underscored, the pandemic/vaccine status cast a bright light on inequities in Canada for which there are no fixes. Houses people can’t afford. Inflation we can’t contain. Diversity and inclusionary policies that end up dividing and offending. Now the Libs are drifting further left as the Cons embrace diesel democracy. People in the middle – most of us – are caught in a blizzard of contradictions. Social media is a swamp. Look at the comments section and the hysteria it contains.

We now live in a time unimaginable to us westerners,” writes Geoff, who runs a small aviation outfit. “If you support the wrong the side you will be vilified and hunted down, including financially. What does an investor do now?  I’m a blue-collar business owner and I’m looking at people who look like me, talk like me and most importantly work like me, being decimated by our government.

“It seems to me we’re entering an arena of fear that if you have assets and investments you’d better keep quiet. I’d like your opinion here cause it seems to me a citizen has two choices.  If you want to participate in the political struggle then you’ll likely forfeit your finances.  If you value you’re finances then you’d better not go near politics. As an investor what say you?”

I say calm down. The histrionics and claims of government overreach are political, extreme and intended to incite. This is Trump talk. The feds may end up regulating crowdfunding and online payment platforms as a result of the convoy, but that was probably overdue. What an open door GoFundMe has been for money launderers. But no government in Canada will be freezing accounts or seizing assets because you voted the wrong way or sent money to that nutcase, Max Bernier.

There is no political risk for investors in Canada. No revolution. No nationalization. The markets have shrugged off the convoy. Real estate sales are unimpacted. The Bank of Canada is on track for next week’s big event. Oil is still ninety bucks. Covid rules being relaxed. Spring is coming. The EA will be put back on the shelf. As we emerge form this past weekend, the major parties and their leaders have all taken a hit. But your TFSA won’t notice – unless you’re confused enough to go to cash.

This brings us to risk and those things we cannot change, but are affected by. Studies show that other than two World Wars, pretty much all geopolitical turmoil has brought only a minor ripple on financial markets and barely changed investor appetite. Here’s a snapshot of the last 35 years when some serious stuff went down (like Nine Eleven and the credit crisis) but markets maintained a steady advance. People who lost their nerve and exited were the losers, not those who ignored the headlines (and now the Tweets).

Reality for most is they don’t have enough liquid assets. Increasingly our net worth is concentrated in residential real estate, so when that market is affected by rising interest rates and buyer fatigue, risk gets real.

We’ve said it before. Repeatedly. The greatest risk is not losing money in an investment that plops, but in running out of it. Especially for women. Many are more risk averse. And as a group they live years and years longer than men. We all need a pot of liquid assets to finance decades of retirement, as government pogey will barely cover the grocery bill.

Given this, you cannot afford to be thrown off track by Vlad, Tamara or that slimy little pathogen. Trying to avoid losses through market timing doesn’t work. Look at the chart above. Just invest in decent assets, in the right mix, rebalance once in a while and fuhgeddaboudit.

Oh, and don’t send money to dodgy people. Your vote is your weapon.

About the picture: “You’ve branched out from dogs to cats (the scandal!),” writes C.H.,  “so here is my beautiful Bunn “Willow” who loves snuggles, jumps merrily, and has no house-lust. Kale, radishes and banana – yes please! Also thanks for the blog. Love it.”

200 comments ↓

#1 Yukon Elvis on 02.21.22 at 3:02 pm

Might be a good time now to invest in oil/gas/pipelines.

#2 Chris L. on 02.21.22 at 3:05 pm

Permanent state of emergency. It gets easier to predict once you understand the game and which team the players play for. More hysteria? What hasn’t been hysterical in the last 2 years? Who presented anything rational?

Predictions…emergency act is permanent because Canada is always under threat from ‘the convoyers.’

Stay out of the fray! Stay out of politics. Keep your head down. Welcome to the new normal!

If anyone wants the new playbook and is a dot connector, follow my guy Church of Bubbles…he’s going to let you know about the convoys, and the convoys will be the ones JT will use to justify the next emergencies (like he used covid this go-round): https://www.youtube.com/watch?v=rNY_fFCX3Ik

JT just threatened the emergency act as a vote of non-confidence, to put the NDP up on the ropes. This is getting easier to predict by the day.

What to use that information for? Have a back up plan to leave Canada. If JT doesn’t get any significant opposition, we’ve got a downhill slide to look forward to! Enjoying the decline is becoming more difficult.

#3 Sam on 02.21.22 at 3:07 pm

Stop blaming unvaccinated for virus variants. Society did not ask for this virus that was likely man made. Blame the government and elite. Also, stop promoting stocks as such a great investment tool. They’re not. Real estate has been going up for 20 years tax free. Markets keep rising and mean reverting back. It’s tough to make a buck in balanced markets. It’s taking back the last 10 years of profit. Meanwhile houses keep giving more profit. And Justin is making his over reaching emergency powers permanent. If you drive a car should I blame you for polluting and causing illness in millions a year? So then don’t blame unvaccinated for causing illness in others.

#4 erik mtl on 02.21.22 at 3:14 pm

I think there is truth in the following (this is relevant to the scaredy-cats out there): that if the market were to crash to the point where one loses all their savings, then there are way bigger problems out there than the market crash, to the point where you wouldn’t even think about your savings.

#5 Ballingsford on 02.21.22 at 3:19 pm

A little early for Easter Garth!

#6 Observer on 02.21.22 at 3:21 pm

Excellent post today Garth!

#7 Ustabe on 02.21.22 at 3:23 pm

It may be worth inserting into the conversation that Russia’s GDP is less than that of Canada’s.

A prolonged war or a long running insurgency will tax their ability to replenish, re-supply.

I wonder what would happen if Russian soldiers were offered full EU citizenship and $$$ to drop weapons and cross over?

#8 All lies and manipulated on 02.21.22 at 3:25 pm

Thanks for the piece….I personally think everything’s in a bubble and its time to have larger cash reserves. Stay balanced and chill.

Just read some enviro stuff.
We don’t have global warming and climate change is a lie.
Record heat record cold. Most active volcanic activity every recorded.
NASA says its SOLAR warming and it ain’t from your SUV.
THE ICE SHELVES OF PLUTO are melting from the same thing.
NASA research supports this. I go with them not Gretta…Go study up. Your being lie too.

So everything your leader can use as leverage to control you, tax you they are using and its all lies. Its all provable. Follow the money.
Using crisis to move policies that are outrageous.
As a well off business person I see it everywhere.
This is one piece I TOTALY agree with.

“When Canadians protest, it is peaceful. The only thing Canadians ever riot for would be a hockey game. ”

http://www.321gold.com/editorials/moriarty/moriarty022122.html

#9 crowdedelevatorfartz on 02.21.22 at 3:26 pm

@ Geoff
I’m a blue-collar business owner and I’m looking at people who look like me, talk like me and most importantly work like me,

+++++

Beware the wrath of Ponzie…..

#10 Prince Polo on 02.21.22 at 3:32 pm

Trying to avoid losses through market timing doesn’t work. -Garth

Exactly! That’s why one should capitalize on market sales by opportunistically rebalancing from winners to losers.

Also, LQAtM! https://www.greaterfool.ca/2022/02/13/in-the-crosshairs/

#11 Sail Away on 02.21.22 at 3:33 pm

I, for one, will always support First Amendment rights.

#12 Tom on 02.21.22 at 3:33 pm

A 6% mortgage rate for residential and an 7% mortgage rate for businesses is the real cost you should be expected to pay in the next 24 to 30 months, probably 4% to 4.5% in the nearer term 12 to 16 months. This is what people should be worried about, tens of thousands of dollars a year in higher mortgage, debt payments.

#13 Bonobo on 02.21.22 at 3:36 pm

Sorry Garth, but you are wrong. The Trudeau government froze a single mom’s bank account in Chilliwack for giving $50 to the truckers.

When this happens we are in the grips of a burgeoning authoritarian state with a bent towards soft-totalitarianism.

Ironic that the NDP is no longer the worker’s party any more in Canada.

Surprised that you are now a soft supporter of the Liberals and NDP. Years of reading your blog had me believing you were Conservative. Go figure…

I support the rule of law. And why would a ‘single mom’ donate money to a protest movement (although the story is likely bogus)? I hope that wasn’t federal child allowance dough. – Garth

#14 C 340 on 02.21.22 at 3:46 pm

A good part of world media is portraying Canada as a totalitarian country. Population drop coming?

#15 Lana on 02.21.22 at 3:57 pm

Locked in 10 year last year 2.10% mortgage rate $200,000. We have $500,000 equity in the house so we are doing really good. We are getting just last week a 10 year GIC compounded in our TFSAs $86,000 for both of us topped up 3.17% simple rate, 3.66% compounded rate. We have no rush to pay down our mortgage as we are and will get higher interest rates on our money deposited versus paying down our mortgage.

#16 Dave on 02.21.22 at 3:58 pm

These simpletons who went to occupy Ottawa cannot even discriminate between an occupation and a protest. They have also conflated freedom with public health measures. All of these clowns were vaccinated against polio. Putin is laughing at the gullibility of these people:

https://thetyee.ca/Analysis/2022/02/21/Convoy-Revved-Foreign-Actors-Spreading-Lies/

They should be held accountable and should be liable for the costs of cleanup and policing.

#17 Tim on 02.21.22 at 4:00 pm

Re #3 Sam

No point in arguing with you because you can’t understand how science works.

#18 Sail Away on 02.21.22 at 4:08 pm

#10 Prince Polo on 02.21.22 at 3:32 pm

…one should capitalize on market sales by opportunistically rebalancing from winners to losers.

———-

If your career plans include client interactions in the wealth management profession, a bit of wordsmithing may be helpful.

#19 Reality Check on 02.21.22 at 4:11 pm

Is this how you want our democracy to work?

Many of you support the antivax protests that shut down parts of Ottawa and major trade links to the U.S. and further view the use of the Emergency Act as tyrannical.

I would ask you how would you see our democracy working?

For three weeks a vanishing small minority of people protested vaccine mandates (let’s face it this is about vaccines not about wearing masks into a grocery store) and held hostage Canada’s capital and major trade links. Their demands were that government cave to their views and end all vaccine mandates. Until governments complied they would continue to occupy Ottawa and disrupt trade.

This is not how a democracy works. We cannot allow a minuscule number of people to dictate government regulation for us Canadians. We elect government to set policy and regulations. We may not agree with the government of the day and if so our recourse is to vote against them next election.

So for those of you that supported the continued occupation of Ottawa and view the use of the Emergency Act as tyrannical be careful what you wish for.

If gathering together a couple thousand protestors to occupy Parliament Hill is all that is required to change policy it sets a dangerous precedent.

You may support this it this time around? But what about other protestors that might decide to occupy Ottawa and make narrow demands not supported by the majority of Canadians?

For example, would you support several thousand environmental demonstrators/occupiers demanding the end of all oil and gas production in Canada, or all mining? How about the end of all offshore fishing or old growth/clear cut logging or non-renewable power generation?

And further, how would you feel about these protests being funded at least in part by foreign environmental groups?

I am sure you would then view the occupiers being the tyrants rather than the government. You would have tyrannical narrow interest groups dictating policy and regulation for the country, with no concern as to how it may affect other Canadians. This is not how a democracy works.

Careful what you wish for. While you support the cause this time, you may not the next time round.

#20 Concerned and disappointed on 02.21.22 at 4:11 pm

My biggest concern is that the left has a historical record of abusing power( emergency power even more so).
We are already living this century’s soft version of cultural revolution ( the woke, cancel culture ) and now our government is helping itself with emergency powers needed in war times or during terrorist activities.
The protesters in Ottawa were many things I did not agree with and support but terrorists they were not. Seizing assets and donations without due cause and no recourse sets a very dangerous precedent.
My grandparents lived through the rise of socialism in the Eastern block and their stories were similar as to the start of it.
Enemies of the people (who were all who thought differently than the approved mainstream thinking) and vilification of “the rich ” ( 99% of whom where just people like us who worked hard for what assets they had) were the norm and serious consequences ensured if you even spoke out your mind.
Ironically enough the country I left has today more freedom of expression then what Canada or the US does.
Might be time to look seriously into a European/Asian/LatinAmerican retirement.

#21 Barb on 02.21.22 at 4:12 pm

“…inequities in Canada for which there are no fixes.”

Hard work has always been a fix for stuff you can control.
Consider the work ethic of your grandparents, parents.
They’re either role models, or they’re not.

#22 Søren Angst on 02.21.22 at 4:14 pm

I ‘dunno Garth.

Tit for tat usually does nothing other than escalate, in the last 60 min:

Putin signs decree recognizing Donetsk and Luhansk as independent states, signs treaty on friendship and cooperation with Donetsk and Luhansk,

Biden to issue executive order prohibiting investment, trade, and financing to, from, or in Donetsk and Luhansk.

————-

I like it that the French call Putin

Poutine:

https://twitter.com/leparisien_pol/status/1495861579090432002

and like Boris. Meanwhile on the home front, Brits have a different take:

https://www.theguardian.com/commentisfree/picture/2022/feb/21/steve-bell-johnson-vanquishes-covid-russia-cartoon?utm_term=Autofeed&CMP=twt_gu&utm_medium&utm_source=Twitter#Echobox=1645474459

⚡ ⚡ ⚡

Uncertain times Garth.

Still, true forget about it as we are powerless to do anything and we the many at the mercy of a few.

#23 Billy Buoy on 02.21.22 at 4:15 pm

Vlad/Biden, etc again is all about OIL.

We all use it and they all know we have tight supplies of it, thus all the commotion.

It’s not the borders, it’s who controls the necessary amount of oil to feed the citizens of their countries in the future.

USA is a net importer now, Russia has plenty and doesn’t want NATO sniffing around their borders, a little too close to their supply. Remember if Vlad turns down the pipes, Europe is in beeeeeeeeeeeg trouble.

LONG OIL and buy on every dip.

#24 Munreal on 02.21.22 at 4:16 pm

“But no government in Canada will be freezing accounts or seizing assets because you voted the wrong way”

You want to bet some of your net worth on that?

There has been long-lasting damage created internationally on Canadian banks. I expect some of the Canadian banks operating in Red States will be sanctioned for collaborating with the Trudeau regime’s seizure orders against political dissidents.

The Neoliberals have declared open season on dissent in this country.

#25 Reality Check on 02.21.22 at 4:20 pm

Emergency Act use

For all those tearing their hair out that the use of the Emergency Act is permanent or will become routine……

…..the predecessor to the Emergency Act, the War Measures Act was last used in 1970.

The same concerns were raised the about it’s use, and they have came to pass.

The Emergency Act will be used until the threat of occupation and trade disruption by nutbar antivaxxers is gone and then it’s use will be ended.

#26 ogdoad on 02.21.22 at 4:22 pm

phew…let’s wait until climate refugees enter the fray. Wait until people begin to wake from their slumber of dupedness only the realize that they have been manipulated since our forefathers began clinical testing on humans in the UK and US to further tighten corporations grasp on populations. Let’s wait and see how learning AI’s from Fb, tik, goo, Net to ogdoad’s hugging emporium make some of today’s human jobs irrelevant. What are the trucker’s going to do then? Catch an Elon-mobile to Ottawa? UBI will pay for the weed and booze!

Wait, gotta check my investments…..
.
.
.
Yup, still there.

I have advice, grab your fav. bevvy and snack. Snuggle up on your posture chair, blah blah blah about things you’ll NEVER change then go to bed. Work tomorrow in your lame job and repeat…until you die.

I’ll be out hunting for smiles…

Og

#27 Søren Angst on 02.21.22 at 4:25 pm

Forgot,

besides Biden issuing an executive order on Ukraine he is also sending his Border Patrol to Canada:

https://babylonbee.com/news/biden-administration-sends-horseback-border-patrol-with-whips-to-support-canadian-police

Good news, since the last dispatch was about invasion:

https://babylonbee.com/news/us-to-invade-canada-to-establish-a-democracy

If you can’t beat them, join them.

#28 crowdedelevatorfartz on 02.21.22 at 4:26 pm

@#7 Ustabe
“It may be worth inserting into the conversation that Russia’s GDP is less than that of Canada’s.”

+++

Russia has a $600 Billion “Rainy Day fund”.
Its main exports are Oil ( climbing in price as we speak)
and Wheat ( climbing in price as we speak).

Boycotts or not.
China will buy everything they have.

#29 People are Pawns on 02.21.22 at 4:28 pm

Start counting your Pennies. You will need them all for the collapses ahead.

#30 Observer on 02.21.22 at 4:40 pm

Chris L, Why don’t you do some investigation into Diagolon – might help you understand why the blockades and Ottawa occupation may require the EA a while longer.

https://www.cbc.ca/listen/live-radio/1-14-day-6/clip/15896217-diagolon-far-right-militia-backing-convoy-protests-aims-overthrow

#31 Reality Cheque on 02.21.22 at 4:42 pm

#3 Sam on 02.21.22 at 3:07 pm
Stop blaming unvaccinated for virus variants. Society did not ask for this virus that was likely man made. Blame the government and elite. Also, stop promoting stocks as such a great investment tool. They’re not. Real estate has been going up for 20 years tax free. Markets keep rising and mean reverting back. It’s tough to make a buck in balanced markets. It’s taking back the last 10 years of profit. Meanwhile houses keep giving more profit. And Justin is making his over reaching emergency powers permanent. If you drive a car should I blame you for polluting and causing illness in millions a year? So then don’t blame unvaccinated for causing illness in others.

————

As with most anti vaxxers you miss the point entirely. Get vaccinated to limit the potential of taking up valuable hospital space.

Us vaccinated blame you unvaccinated for being too selfish and incapable of seeing the larger picture. Unwilling to be a part of the solution, you continue to be part of the problem. You continue to chose to add more stress to an overburdened system, because you are scared.

Let’s take your analogy of driving a car, as it’s a good one. If you choose to drive a pickup truck to your office job every day, rather than choosing to drive something more efficient, you choose to pollute more than others for no reason other than selfishness and therefore yes, you are more responsible for pollution and the diseases caused by than someone who drives a Prius. You see, your choices do affect others – regardless of your feelings.

#32 Chris L. on 02.21.22 at 4:42 pm

“Singh said his party would pull support as soon as it decides the measures are no longer necessary, including if remaining convoy members stopped lingering in Ottawa and near border crossings.”

hahahaah, well there ya go. I know the inside of the convoy protestors, and they are not going to stop “lingering” around Canada – no place to go, nothing to do – cancelled from civil society.

Welcome to the permanent state of emergency with one dictator in power!

Man, I sure wish more people would clue into the game being played.

Welcome to the perpetual state of fear. Bout time some of you start to come over to the freedom side – before it’s too late.

In other news, it’s likely that the vaccine trials were fraudulent – and Moderna and Biontech stock are about to crash. Heads up, the sky is falling! More news from insurance companies too…and higher death rates….hmmmm

Connect the dots people. We’re headed straight up into authoritarian dictatorship with supreme leader JT at the helm (I’m using my free speech while I can).

link for reference: https://www.ctvnews.ca/politics/vote-on-emergencies-act-becomes-unofficial-matter-of-confidence-in-government-1.5789462

#33 Søren Angst on 02.21.22 at 4:43 pm

Scary

Today’s Blog Title.

Here’s scary:

BNO [email protected]
·
16m
BREAKING: Putin orders peacekeeping mission in Donetsk and Luhansk

BNO [email protected]
·
13m
Putin orders the use of Russia’s armed forces to maintain peace in Donetsk and Luhansk

and the economic sabre rattling is immediate.

Graham calls to ‘destroy’ ruble, ‘crush the Russian oil and gas sector’ in response to Putin aggression
https://twitter.com/FoxNews/status/1495868066990804994

—————–

And ‘ya, Europa’s MSM as I type are having a bird…as am I.

https://twitter.com/BILD/status/1495873995845079044
https://twitter.com/BNONews/status/1495868668630159364

and on, and on.

#34 Søren Angst on 02.21.22 at 5:02 pm

Some good news Garth, Russia’s Mr. Market not happy:

https://twitter.com/lookner/status/1495776212144246793

and that was 6h ago.

Imagine what tomorrow is going to look like for Vlad the Impaler, Invader. 📉

He may well have sanctioned his own country with his “peacekeeping” invasion.

Good old Mr. Market.

#35 Dr V on 02.21.22 at 5:04 pm

3 Sam

“Also, stop promoting stocks as such a great investment tool. They’re not. Real estate has been going up for 20 years tax free. Markets keep rising and mean reverting back.”
————————————–

The historical “mean” return for a B&D is 7%.

And investment real estate is not tax free.

My business partner has a house with smaller rental
worth $2M according to a long-time realtor. With little
else invested, he laments that while he has “wealth”, he has little income, and a net yield of maybe 1% on his largest asset.

I suggested he sell, take maybe $1.2M and buy again, and invest the rest in bank stocks. You know, the people that mortgage the RE everyone is so on about. He said “Yeah but i like it here”.

Too bad he cant sell just a little of his property now and
then, or get a higher yield, both of which my investments provide me with.

#36 Joseph R. on 02.21.22 at 5:06 pm

Oil at $100/barrel

Vlad/Biden answer: War!

The Albertans responds:
Time to get a new jacked-up F-350 Platinum!

#37 Cabbagetown Carly on 02.21.22 at 5:08 pm

“It sure smells like Chamberlain-Hitler. You know how that turned out.”

A regular, and understandable comment, but a very bad analogy, Garth. And a very common misreading of history. I guess you have not really studied history, which is true for most of us.

Chamberlain was actually a hero, but as often happens, people who do the right thing in complex situations get demonized by the masses all too often.

Chamberlain’s ‘appeasement’ was a strategic delay. It allowed the Brits time to build up ground forces and other resources for an impending conflict.

Most importantly, it allowed Britain another full year to build up the air force enough to survive the Battle of Britain.

This time, converted to strength, ended up cancelling the Operation Sea Lion, the German plan to invade Britain.

https://slate.com/news-and-politics/2013/09/neville-chamberlain-was-right-to-cede-czechoslovakia-to-adolf-hitler-seventy-five-years-ago-the-british-prime-signed-the-munich-pact.html

https://www.jstor.org/stable/40207135

The world, especially the USA, was not willing to take on Hitler in 1938 at the time of the Munich Agreement.
Chamberlain had no key, powerful allies. He had to think strategically and tactically, on his own.

His move was brilliant, in retrospect.

Before his unfortunate death in 1940, Chamberlain wrote:

“So far as my personal reputation is concerned, I am not in the least disturbed about it. The letters which I am still receiving in such vast quantities so unanimously dwell on the same point, namely without Munich the war would have been lost and the Empire destroyed in 1938 … I do not feel the opposite view … has a chance of survival. Even if nothing further were to be published giving the true inside story of the past two years I should not fear the historian’s verdict.”

After his surprise death (even his doctors concealed the seriousness of his bowel cancer from him, knowing how critical he was to Britain’s survival) Churchill took over.

Churchill basically capitalized on the strategic advantages that Chamberlain created, then took all the credit.

Churchill was an over-rated twit, a self-serving BS artist who basically rode Chamberlain’s coat-tails to victory, thanks to the Americans and Russians. Churchill was basically a Jason Kenney of his times.

Chamberlain was like the smart investor who stayed balanced and diversified in his options, even when crisis seemed to be threatening. He was more like a wise voice getting the boot and the blame. Not unlike Garth Turner getting kicked out of Harper’s government for putting democracy first.

He was the adult in the room when Britain most needed one.

Please do not denigrate him.

Instead, let’s all learn from him, and in these troubled times, act like grown-ups.

I have a strong intuition that this kind of approach is what is guiding Joe Biden right now. It’s not about him, it’s about his country and the world. he’s willing to take the heat, if necessary, for the common good.

I said nothing to disparage Chamberlain, and know well his contribution. The outcome was the outcome. But thanks for being superior. – Garth

#38 Linda on 02.21.22 at 5:08 pm

‘Willow’ looks tres chic with her little floral crown:) Also totally non-scary!

Maybe its just me, but seems like the world throws enough challenges without adding saber rattling or outright invasion to the list. Seriously, this is the best use of resources Putin can come up with? Is Russia in such poor shape that annexing swathes of the Ukraine is necessary for survival? I’d add that as per Worldometer both Russia & the Ukraine have been racking up plenty of Covid related deaths – well over 300K+ for Russia; Ukraine has 100K+.

#39 Rochdale GM on 02.21.22 at 5:11 pm

#69 Rochdale GM on 02.20.22 at 7:22 pm
What if…
++++

#83 crowdedelevatorfartz on 02.20.22 at 8:51 pm
It depends…
++++

700 already B&D
rent
300 cash
gov pension

Invest now or put on back burner to ride out current uncertainty?

#40 Søren Angst on 02.21.22 at 5:12 pm

Buonasera Garth.

You captured the day with your Blog title

Scary

For the up the minute people in need, go here on Twitter to see the Russians crossing the border, people in Donbass celebrating, etc.

#Donbass

Tomorrow will be ugly in the markets for sure. And if Graham has his way, I hate to say it but

yeah oil

#41 Chris L. on 02.21.22 at 5:12 pm

Chris L, Why don’t you do some investigation into Diagolon – might help you understand why the blockades and Ottawa occupation may require the EA a while longer.
__________

That group was arrested offsite and not related to the convoy in Cotts. You would know that if you were following the convoy closely enough. Legacy media lumped this group into the primary convoy in order to make them seem more radical. I’ve consumed 100’s of hours of live feeds from members inside at ground zero, and none of them show any extreme views. Rather unity, freedom from mandates, freedom to decide what goes into their bodies, the right to gather, share ideas, to dance, play music, celebrate, and yeah, make noise – to be Canadian. I have not see any single bit of evidence of anything radical. You literally can not provide a single example from anyone of violence, vandalism – and neither can the media – they can only tell stories.

One bad flag appearing on day 1, was quickly suggested to leave by other members of the convoy – and that person did- his face was fully covered like no one else there. I have never seen a more happy, hopeful and positive group of people. They set up a perfectly functioning community. They fed the homeless, cleaned up the streets, shoveled the roads, and sidewalks, salted, and fed anyone who was hungry. When they left, there was so much extra food, that the shelters could not accept all the donations. You would know this if the media had balanced reporting.

Ask yourself, is your evidence simply statements from Legacy media? Did they supply any proof of the sorts of illegal things they claimed happened?

In return for having their voices heard, the protestors were vilified because they disagreed with Trudeau.

I wish you guys would do more work. It’s not enough to just open up CBC or CTV to learn what is really happening. You now have access to multitude of feeds, and outlets to collect information.

“The development with weapons and the personal armour was not associated with us, and to keep that distance we decided to leave peacefully,” Marco Van Huigenbos, one of the protest organizers, said as a long line of trucks began to leave.

https://globalnews.ca/news/8622765/conspiracy-to-murder-weapons-chargers-coutts-blockade-raid/

#42 crowdedelevatorfartz on 02.21.22 at 5:13 pm

The conversation around the dinner table on the International Space Station must be interesting.
A Russian, a Ukrainian, a German and a smattering of Americans….. ( sorry Ponzie the Austrians didnt make the cut)

https://www.nasa.gov/sites/default/files/atoms/files/exp-66-summary.pdf

They could have a front row seat to the war from 250 miles up.

https://eol.jsc.nasa.gov/ESRS/HDEV/

#43 Overheardyou on 02.21.22 at 5:30 pm

I overheard a conversation with from relatives this weekend, some seem to think that if you work 40 years in Canada you get a full pension at 65. Is that correct?

#44 Catalyst on 02.21.22 at 5:45 pm

The financial sanctions now being pursued against donators to the convoy is absolutely terrifying and should terrify any rational individual. This pursuit is post facto which is illegal in civilized societies meaning that, at the time of the donation, it was not illegal to donate but they are siezing peoples financial assets regardless.

Imagine if the cons decided the libs were a terrorist organization and siezed the assets of anyone who had previously donated to liberals. That’s not where I want Canada headed.

#45 cuke and tomato picker on 02.21.22 at 5:51 pm

Geoff as far as running a business, making a profit work
long hours when you are young and get out and retire as soon as you can travel and enjoy your family etc. Dave number 16 yes these people in the Freedom Convoy that caused trouble must be held accountable. On June 15th 2011 the rioters in Vancouver were all dealt with some showed up for work the next day and were fired all were tracked down and had their day in court it took years but all were found and dealt with.

#46 Ustabe on 02.21.22 at 5:52 pm

I’m pretty certain that when all of this (waves hand 360°) is over I’m still going to require that a significant percentage of you remain 3 meters away from me.

#47 Keith on 02.21.22 at 5:53 pm

@#43

It would be more accurate to say, that if you work 40 years in Canada, and you pay into the Canada pension plan at the maximum earnings rate for all forty years, you will get the maximum CPP benefit at age 65.

There are a lot of rules and calculations, as Garth points out regularly the average CPP benefit seems to be about thirty percent less than the maximum possible, in the $900 per month range. Better than nothing, but you need to do more if you don’t have a workplace pension.

#48 VladTor on 02.21.22 at 6:01 pm

Garth… And why would a ‘single mom’ donate money to a protest movement

******
If it was true…

It is her money and her business. She has freedom using her honestly earning money in way which she thinking is best for her. Isn’t it?

#49 Observer on 02.21.22 at 6:15 pm

#41 Chris L

You quoted from the Global article: ” “The development with weapons and the personal armour was not associated with us, and to keep that distance we decided to leave peacefully,” Marco Van Huigenbos, one of the protest organizers, said as a long line of trucks began to leave.”

The point I think you are missing is that far-right extremists latched on to the Trucker vaccine mandate grieveances as cover for their anti-government agendas as is discussed in the radio interview I linked you to. Did you listen to it?

Also, the leaders of such anti-government organizations (Jeremy Mackenzie of Diagolon for example) never do the dirty work themselves. They radicalize others to do it which is what appears to have happened to at least one of the young men arrested at Coutts for conspiracy according to his father who watched in despair for 2 years as his son fell deeper and deeper into the world of misinformation and conspiracy theories.

As for your claims about the Ottawa occupation, you have clearly not been paying attention to what the residents went through.

#50 Observer on 02.21.22 at 6:17 pm

Edit: appears to have happened to at least one of the young men arrested at Coutts for conspiracy [to murder an officer]

#51 Islanddave on 02.21.22 at 6:18 pm

#7 ustabe
Maybe it’s the inner chicken in me, but if I was a ukeranian soldier, I don’t think you would have to offer me money, just open the bloody gate

#52 Doug t on 02.21.22 at 6:19 pm

Anger, fear, desperation, hopelessness, lost – more and more you hear these words in conversations – what happened to decency, kindness and giving ? We have started to isolate ourselves more and more from each other and the world – if society cannot come together and work and live in some form of harmony then we will continue to cut each other down and destroy our world
NAMASTE B*TCHEZ

#53 Nonplused on 02.21.22 at 6:41 pm

“Who peed in your cereal? – Garth”

What I am trying to get at, without being to verbose, is that while your advice that there will be a tomorrow and the markets look good is solid, any attempts people make to try and “understand” the world are virtually hopeless at this point without the due passage of time. The MSM turns every molehill into a mountain, and the Twittershpere is even worse. Things get reported today that we later find out tomorrow, next week, or next year just weren’t “true” in the whole sense of the word. And then it turns out they didn’t matter that much anyway.

Who knows, maybe Ukraine will turn out to be the start of WWIII. But somehow I doubt it. The Ottawa protests? Well, they are wrapping up now and I think Canada will survive. Fintec? Probably nothing but if it becomes a problem we’ll fix it. Omnicron? Well, I don’t know what’s going to happen any more than anybody else, but (maybe delusionally) I have a sense that the worst of it is over.

But the spirit of human ingenuity lives on, so stick with the markets. If the nukes stay in their silos we’ll all be fine. If they don’t, it won’t matter. So you plan for what you can.

I’m getting tired of the hyperbole. It’s just another crisis, same as the one before.

I see two things as really affecting people right now. One is that we have lost respect for each other. You are either “with us” in complete body, mind, and soul, or you are “deplorable” and “should not be tolerated”. That isn’t going to end well. There are always two sides to every story.

The other is that people are spending way too much time worrying about things that are completely out of their control. Everyone is trying to fix Ukraine while their own bedroom is a complete mess. Successful people know that if you want to make the world a better place, you start with yourself. Once you get the hang of that, maybe you’ll be in a position to tell other people how to live. And that has more or less, at least in a financial way, always been the point of this blog.

#54 Michael in-north-york on 02.21.22 at 6:41 pm

#46 Ustabe on 02.21.22 at 5:52 pm

I’m pretty certain that when all of this (waves hand 360°) is over I’m still going to require that a significant percentage of you remain 3 meters away from me.
===

Don’t require. Just stay at least 3 meters away from me yourself. Actually, the further the better.

#55 Decent Majority on 02.21.22 at 6:44 pm

We were going along great until you suggested there was no government overreach. Whoa! At that point the money started to get nervous. Are you kidding? By what conceivable definition can you say that this government hasn’t overreached?

#56 Apocalypse NOW on 02.21.22 at 6:45 pm

PUTIN MOVING TROOPS INTO UKRAINE NOW!

https://www.cnn.com/europe/live-news/ukraine-russia-news-02-21-22/index.html

PREPARE.

#57 Ustabe on 02.21.22 at 6:45 pm

#52 Doug t on 02.21.22 at 6:19 pm

Anger, fear, desperation, hopelessness, lost – more and more you hear these words in conversations – what happened to decency, kindness and giving ?

Story Time, Doug.

Some of my best work emanates from sitting in the bar and listening. A friend and I were doing just that a few months ago. What we heard was a burnt out hospital worker at the next table.

So my buddy and I decided to approach the head of nursing at our local hospital, have her chose 2 young nurses who exemplify the type of person we want working in a hospital during a pandemic. We (friend and I) would eliminate their schooling debt.

Turns out she came up with three, couldn’t pare it down any further.

Here is where it becomes germane to your snip above: the lawyer who was going to handle everything, keeping us anonymous, without us asking or hinting, stepped up and said he’d take the one with the least amount of school debt, we could take the two others.

Two young ladies and one young man moving forward with a gentle push up from folks who can well afford it…and there are way more of folks like that lawyer than them.

I’ll end this story, although there is more to it, with the statement that I thank Allah that it was Canadian school debt, not US school debt.

#58 Chris L. on 02.21.22 at 6:51 pm

The point I think you are missing is that far-right extremists latched on to the Trucker vaccine mandate grieveances as cover for their anti-government agendas as is discussed in the radio interview I linked you to. Did you listen to it?
_______________________

Yes. That’s the point. You can’t represent 100’s of thousands of people by a few unhinged who are hanging around.

There were sooooo many people out on the bridges supporting this, and 15,000 people in Ottawa on the first days, and then 10’s of thousands visiting throughout the week and on weekends – every week I watched from the ground, daily live feeds.

I also watched counterprotests drive through 4 protestors injuring them. I’ve seen counterprotestors egg trucks, put up the middle finger, block convoys from proceeding, hurl insults, yell, scream, spit on, steal flags and so much more. In return, the protestors said “We love you, and we are fighting for you.”

If you do not want to take my summary, I would encourage you to go to Ottawalks on YT and work your way backwards to see what unfolded there in Ottawa.

But I would raise you one point. Isn’t it amazing how there is not even 1 single incidence of violence or vandalism in 3 weeks? Compare this to winning the Stanley cup…this was by far, the most well organized, grassroots protest of all times. Possibly a turning point in Canada’s future.

Then the police interrupted the peace in a dramatic fashion.

I get it – it was loud and disruptive, and people parked illegally. The residence got annoyed. No one is debating those points. But what illegal really happened besides parking?

#59 DON on 02.21.22 at 6:56 pm

#28 crowdedelevatorfartz on 02.21.22 at 4:26 pm
@#7 Ustabe
“It may be worth inserting into the conversation that Russia’s GDP is less than that of Canada’s.”

+++

Russia has a $600 Billion “Rainy Day fund”.
Its main exports are Oil ( climbing in price as we speak)
and Wheat ( climbing in price as we speak).

Boycotts or not.
China will buy everything they have.

*************
That new pipeline from Russia to China will be at full capacity by 2025.

#60 Devil Anse on 02.21.22 at 6:59 pm

#3 Sam on 02.21.22 at 3:07 pm
Stop blaming unvaccinated for virus variants. Society did not ask for this virus that was likely man made. Blame the government and elite. Also, stop promoting stocks as such a great investment tool. They’re not. Real estate has been going up for 20 years tax free. Markets keep rising and mean reverting back. It’s tough to make a buck in balanced markets. It’s taking back the last 10 years of profit. Meanwhile houses keep giving more profit. And Justin is making his over reaching emergency powers permanent. If you drive a car should I blame you for polluting and causing illness in millions a year? So then don’t blame unvaccinated for causing illness in others.

——————————-

Reading the comments section here tonight for the first time in ages – I am reminded why I deleted my Twitter account. How sad and divided and infantile we have become. We needn’t look far too see how the pandemic has taken its toll on our mental health and social trust.

I used to enjoy the comments here (some of them, anyway) because people came to share their experiences around building wealth and living a balanced life. Now it’s a lot of drivel about ‘Freedom’ and ‘Vaccines are man made by the government and elite’ something something and ‘real estate only goes up’.

Good-bye, steerage section. I might come back if our world ever returns to normal.

Garth, thank you for your blog – it is the voice of reason in troubled times. If I had to moderate these comments every night I would go into a severe clinical depression.

#61 Mickey on 02.21.22 at 7:08 pm

#45 cuke and tomato picker on 02.21.22 at 5:51 pm
Geoff as far as running a business, making a profit work
long hours when you are young and get out and retire as soon as you can travel and enjoy your family etc. Dave number 16 yes these people in the Freedom Convoy that caused trouble must be held accountable. On June 15th 2011 the rioters in Vancouver were all dealt with some showed up for work the next day and were fired all were tracked down and had their day in court it took years but all were found and dealt with.

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

So reading between the lines (despite your lack of punctuation) you obviously believe just as firmly that the 2020 pipeline and rail blockade perpetrators must be held accountable and firmly dealt with in the same manner. You just forgot to mention it…

#62 DAX on 02.21.22 at 7:09 pm

One this is for sure:

Stocks do not like war are are taking a beating, while gold is soaring and crypto has been asleep for many months now.

$100 oil in the coming week.

S&P futures down 0.7% and gold is up 0.78%. So far, yawn. – Garth

#63 Billy on 02.21.22 at 7:11 pm

DELETED

#64 pPrasseur on 02.21.22 at 7:14 pm

“There is no political risk for investors in Canada. – Garth”

Not until there’s a bad enough financial crisis and whoever runs the country decides to seize bank accounts from the wealthy.

After all if they can do it for a peaceful protests and few trucks…

My advice, this country is heading for loads troubles, as an investor you can do better and safer elsewhere. I certainly am.

#65 crowdedelevatorfartz on 02.21.22 at 7:24 pm

@#46 Ustabe
“I’m still going to require that a significant percentage of you remain 3 meters away from me.”

+++
You get used to it…..

#66 Market Insanity on 02.21.22 at 7:25 pm

The Moscow Exchange (MOEX) is down over 26% in the past few months.

This size of drop only ever happened back in 2008 during the financial crisis.

All markets are connected. The market turmoil around the globe right now a ripple effect from sanctions against Russia causing money flow problems combined with people rushing out of markets.

Stopping money flows creates all the chaos and spooks investors – the real reason markets don’t like war.

This could spin out of control pretty quick.

Russia is about to be financially mashed. That’s why its market crashed today. – Garth

#67 mike from mtl on 02.21.22 at 7:34 pm

If Quebec and Alberta both agree on the same Federal issue, you know it’s not just some small error.

The biggest open question is why now?

Being a Montréalais; protests, blockades, arrests, violence, injuries and worse are properly & routinely dealt with here – for better or worse. The Ottawa police are your failure not lawfully removing the squatters. Were they indifferent, sympathetic, incompetent, directed or some measure of all – who knows?

Thank goodness it didn’t turn by and large, sure there are individual knocks, but there’s really no nice way to break up a mob. Either slowly in a show of force or quickly with bullets.

It seems T2 desperately wanted his own Jan6 to justify —????

#68 Observer on 02.21.22 at 7:35 pm

#58 Chris L

“But I would raise you one point. Isn’t it amazing how there is not even 1 single incidence of violence or vandalism in 3 weeks?”

You can’t be serious. The red zone was lawless for 3 weeks.

#69 crowdedelevatorfartz on 02.21.22 at 7:36 pm

@#39 Rochdale GM
“700 already B&D
rent
300 cash
gov pension

Invest now or put on back burner to ride out current uncertainty?

++++
Good question.
I’m sort of in the same boat
Renting for now.
A bit more in the B&D
About the same in company ownership.
No govt pension to fall back on.
I’m starting to load up on a bit of cash to jump if housing tanks in the next year or so.
Last years tax return will determine how much cash.
Don’t know if I’d hold 300k in cash… but… to each their own.
When the markets pooped their pantaloons in Feb march of 2020 i thought it would be a few years before everything caught back up.
Pleasantly surprised at the 6 month gains.
Sail Away was dumping money in around April 2020 and made a killing as I remember.

I guess its what you feel comfortable doing.
The govt pension is a nice back stop.
Maybe split the diff.
150 k cash so you can move quickly on a real estate deal ? and invest the rest?

#70 Tactless Capital on 02.21.22 at 7:37 pm

How did this country become so divisive? Excuse my naivete but the fish rots from the head as they say and it’s not just one particular head this time. Every leader has failed Canada. New leadership is needed.

#71 Chris L. on 02.21.22 at 7:40 pm

Someone referenced the MOU and connection to the convoy. So here: https://canada-unity.com/mou/

I really do wish we would have better legacy media who would represent truth better.

The MOU had zero foundation in reality – the main convoy organizers had nothing, and no interest in “overthrowing the government.”

I still can’t believe how easy it is to get the media to run on these things. Guys, please spend more time thinking critically about what information is fed to you – just because it comes from a “well trusted source” does not mean that it is true.

#72 Observer on 02.21.22 at 7:41 pm

58 Chris L. on 02.21.22 at 6:51 pm
The point I think you are missing is that far-right extremists latched on to the Trucker vaccine mandate grieveances as cover for their anti-government agendas as is discussed in the radio interview I linked you to. Did you listen to it?
_______________________

Yes. That’s the point. You can’t represent 100’s of thousands of people by a few unhinged who are hanging around.

————————
No, that is not the point. The few unhinged (far right extremists, domestic terrorists) use the thousands of people to promote their agenda regardless whether or not those misinformed thousands are aware they have been duped. That is the point.

#73 Sail Away on 02.21.22 at 7:45 pm

Well, for arachnid news you can use: the spring ticks have been thick on Vancouver Island the last couple of weeks. Each dog picks up a couple each day, so for our 4 dogs, that’s noticeable. We hike/run/bike 8-15 km offleash almost every day, though, so covering a lot of ground. Minor annoyance.

#74 T-Man on 02.21.22 at 7:47 pm

“I spent 33 years and 4 months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism”. Smedley Butler

“Lookng back on it, I might have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on 3 continents. War is a Racket!

#75 Another Deckchair on 02.21.22 at 7:50 pm

Chris L.

You mention that it may be time soon to leave Canada.

Good idea. And, I’m not being nasty. Go and travel and work (if you can) and learn and live another language. If you can’t work, but are strong, and want some fun, go and crew. You might be in time to take the trade-winds back to the Caribbean, and people are often looking for unpaid (but fed) crew. Start at noforeignland.com if you have the guts.

I’ve lived and worked in both hemispheres. Lived and work where the language was not one of Canada’s chosen few.

It’s a mind-opening experience, as many here (Jane24, Howard, BillyBob, and many others) have done and are doing.

Get some perspective; chill out, and enjoy every day of this incredible thing called life.

Respectfully, Deckie.

#76 I don't know on 02.21.22 at 7:51 pm

Another wise post that everyone would be smart to listen to. Will they? Probably not. Grantham’s new prediction will get more clicks because it’s more sensationalist, and makes people sitting in cash feel better about their fear/indecisiveness..and mounting opportunity cost.

Real estate is a winner too, IF you can afford it, that is. What real estate? The SFD in large city centres will always be the gold standard. The same sensationalist fear mongering exists in that market too (along with lots of exhuberance). Ignore it all and buy as soon as you can afford to.

Lastly, our society isn’t as divided as it appears on the echo chamber that is social media. Nor is the world as dangerous. If one finds themselves feeling anxious for whatever reason, the first to do should be get off social media.

IDK

#77 kommykim on 02.21.22 at 8:04 pm

RE: #8 All lies and manipulated on 02.21.22 at 3:25 pm
Just read some enviro stuff.
We don’t have global warming and climate change is a lie.

Its all provable. Follow the money.

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

Hmmm… And oil companies would NEVER use their vast wealth to spread lies so they could keep the party going now would they?
People like you are so gullible.
“Follow the money” indeed.

#78 kommykim on 02.21.22 at 8:11 pm

RE:#11 Sail Away on 02.21.22 at 3:33 pm
I, for one, will always support First Amendment rights.

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

Wrong country and constitution! You sound like Mr Lich at his wife’s trial.
Why can’t Canadian rightwingers get these basic facts straight?

#79 Ed on 02.21.22 at 8:13 pm

Looks like the GOP loves Canada but Mr Socks not so much.

Rep. Yvette Herrell
@RepHerrell
U.S. Congresswoman for New Mexico’s Second Congressional District

“Just as we provide asylum for political prisoners, we should do the same for truckers who have been subjected to violence, had their property confiscated, and their bank accounts frozen by a government that is quickly becoming the embarrassment of the free world,” she tweeted. “I am introducing legislation that would temporarily grant asylum to innocent Canadian protesters who are being persecuted by their own government. We cannot be silent as our neighbors to the north are treated so badly.”

Would be a nice gesture.

#80 Jordan on 02.21.22 at 8:20 pm

Trudeau’s deputy, Chrystia Freeland, who is also a director of Klaus Schwab’s World Economic Forum, says she plans to make her emergency powers (of freezing and seizing assets of dissidents) permanent.

You will own nothing and be happy, that Freeland took everything that you got.

False. Fintrac will have crowdfunding oversight. You know what that is, right? – Garth

#81 Bankrupting Landlords is good for the Economy on 02.21.22 at 8:21 pm

Why bother voting anymore?

Already, there are talks to make “temporary” emergency powers permanent. During the next election, they’ll be troops in the street.

#82 T-Man on 02.21.22 at 8:22 pm

“Schlemiel! Schlimazel! Hasenpfeffer Incorporated”. Laverne and Shirley

#83 Sheesh on 02.21.22 at 8:26 pm

#58 Chris L. on 02.21.22 at 6:51 pm

So you watched some live feeds that are part of a propaganda machine. Not at all staged.

Good grief, add some water to that koolaid.

#84 Shirl Clarts on 02.21.22 at 8:26 pm

On CBC they were discussing how law enforcement might use video footage and cell phone data to determine who was there so the unlawful Canadians can be arrested months from now.

Naah, that’s not overreach.

Seems to me Trudeau wants to punish so hard they are never able to even about protesting again.

That’s a police initiative, not political. – Garth

#85 Stone on 02.21.22 at 8:28 pm

#43 Overheardyou on 02.21.22 at 5:30 pm
I overheard a conversation with from relatives this weekend, some seem to think that if you work 40 years in Canada you get a full pension at 65. Is that correct?

———

‘Full” is a relative term.

If it was full the way your relatives perceive, Garth’s advise would be to simply wait until you receive your “full” pension. Lol

#86 Dfradette on 02.21.22 at 8:33 pm

Trudeau is the only one who needs emergency powers.

None of the provinces did…

Trudeau is a soccer player that is all socks and no foot.

Ontario declared a state of emergency and adopted more powers. Sheesh. This comment section is an embarrassment. – Garth

#87 T-Rev on 02.21.22 at 8:52 pm

That last sentence cannot be overstated. I sympathize with certain aspects of the Convoy protests; as you’ve stated on this blog, it’s not really (or at least note solely) about the vaccine mandate. That was merely the match that lit the dry tinder, the proverbial final straw on the overburdened camel’s back. It’s about demographics and a rejection of identity politics, and people who have decided the government’s intrusion into their private lives has hit an unacceptable threshold. Whether it’s JT telling them what they can say and think, what sort of benefits/privileges/impairments they do or don’t have as a result of their race, his us vs them manner of speaking in which he lumps entire diverse groups of people together as racists and misogynists if they’re against him…people are fed up. It’s enough. I’m furious with him. He’s an embarrassment as a leader and as a man, and I’ve got to be honest I don’t hate a lot of people, but I hate him. With true, red hatred. But I believe in democracy as strongly as I believe in classic liberalism, and just because I loathe that arrogant, patronizing, ignorant, self righteous SOB doesn’t mean I get to disrupt the country’s trade routes until he resigns. He’s the duly elected Prime Minister of Canada, and even though I have zero respect for him as a person or as a leader I have the utmost respect for the office he holds and the institutions that put him there. Canadians are not stupid. They will see through him, the liberal party, woke politics, and the big-spending, rainbows and a puppy for everyone fiscal policy at some point. Every four years if not sooner we get to make a choice. And like it or not, we have to respect that choice no matter the outcome. Should the day EVER come that that choice is imperiled, or the outcome manipulated in such a degree as to render it fraudulent, there will be a convoy of millions on its way to Ottawa, and they won’t be bringing Tim Hortons. But we are a long, long way from that. I do believe it’s a slippery slope and we must stay vigilant. The Convoy folks think we’re they’re already; they’re wrong and the vast majority of Canadians know this. We’re not even close. So long as there’s free and open elections and a free media, we’re not there. So remember Garth’s words: Your vote is your weapon. When it comes time, cast is wisely. Get everyone you know to cast it wisely. Donate your time and money to the party you believe in. Stand for office yourself. Our democracy needs it.

#88 Bob in Hamilton on 02.21.22 at 9:05 pm

“This comment section is an embarrassment. – Garth”

You think…? Maybe after 13 years there should be some changes to the comments section as you periodically lament.

After all, change is good, right?

#89 The Jaguar on 02.21.22 at 9:16 pm

@ #87 TRev.
Mercy. And thank you.

#90 crowdedelevatorfartz on 02.21.22 at 9:17 pm

@#73 Sail Away
“We hike/run/bike 8-15 km offleash almost every day, though, so covering a lot of ground. Minor annoyance.”

+++

May I suggest you take Ponzie for a 10km hike in a tick infestation area.
He likes a daily 10k walk.
They’ll leave your dogs alone since most insect species are attracted to similar attributes.
Problem solved.

#91 crowdedelevatorfartz on 02.21.22 at 9:20 pm

So…..
If the Canadian Senate votes the Emergency Measures Act down next week…. and it’s ended.

Will all you conspiracy theorists take a pill?

#92 Sloppy seconds on 02.21.22 at 9:25 pm

#1 Yukon Elvis on 02.21.22 at 3:02 pm

Might be a good time now to invest in oil/gas/pipelines.

__::____

Sure is. But keep in mind that you are a bit late to the party.
That being said… I’m sure we can find some sloppy seconds for you.

#93 Wrk.dover on 02.21.22 at 9:26 pm

#15 Lana on 02.21.22 at 3:57 pm
Locked in 10 year last year 2.10% mortgage rate $200,000. We have $500,000 equity in the house so we are doing really good. We are getting just last week a 10 year GIC compounded in our TFSAs $86,000 for both of us topped up 3.17% simple rate, 3.66% compounded rate. We have no rush to pay down our mortgage as we are and will get higher interest rates on our money deposited versus paying down our mortgage.
______________________________________

Wouldn’t it be easier to owe $28,000 on the house?

Then, sooner, nothing? Then start saving in the TSFA’s unencumbered, keeping all of the interest gain, instead of only 1/3 of it like you will be doing for ten years.

It felt right for us!

#94 Brash with cash on 02.21.22 at 9:41 pm

#20 Concerned and disappointed on 02.21.22 at 4:11 pm
… Yada… Yada… Yada
Ironically enough the country I left has today more freedom of expression then what Canada or the US does.
Might be time to look seriously into a European/Asian/LatinAmerican retirement.

_____________

Might I be so brash as to offer to pay your airfare.
All joking aside, it would be my pleasure and money well spent.
Only requirement is that you agree never to return. Ever!

#95 crowdedelevatorfartz on 02.21.22 at 9:45 pm

@#78 KommyKim
“Wrong country and constitution! ”
++++

You do realize that Sail Away is a dual American/Canadian citizen.
He’s just having a bit of fun…apparently at your expense.

#96 crowdedelevatorfartz on 02.21.22 at 9:47 pm

-10 cel windchill tomorrow in the Lowerbrainland.

I had to turn on the hummingbird heater under the feeder today.
Hopefully the last time this winter.

#97 Satori on 02.21.22 at 10:04 pm

#48 VladTor on 02.21.22 at 6:01 pm
It is her money and her business.
————————-
Until she tells the media…but it sounds to me like a bogus story, meaning some bs’er posted a make believe story. That does happen. Didn’t see it on the news or in Globe and Mail or in any newspaper for that matter. Phssha!

Don’t get sucked in.

#98 barnz0rz on 02.21.22 at 10:20 pm

Sorry Garth, but you are wrong. The Trudeau government froze a single mom’s bank account in Chilliwack for giving $50 to the truckers.
*************************************

If your only proof of this is a Tweet from Mark Stahl you should check yourself.

#99 Open your eyes on 02.21.22 at 10:32 pm

#35 Dr V on 02.21.22 at 5:04 pm
3 Sam

“Also, stop promoting stocks as such a great investment tool. They’re not. Real estate has been going up for 20 years tax free. Markets keep rising and mean reverting back.”
————————————–

The historical “mean” return for a B&D is 7%.

And investment real estate is not tax free.

My business partner has a house with smaller rental
worth $2M according to a long-time realtor. With little
else invested, he laments that while he has “wealth”, he has little income, and a net yield of maybe 1% on his largest asset.

I suggested he sell, take maybe $1.2M and buy again, and invest the rest in bank stocks. You know, the people that mortgage the RE everyone is so on about. He said “Yeah but i like it here”.

Too bad he cant sell just a little of his property now and
then, or get a higher yield, both of which my investments provide me with.

—————-

My God. What a pathetic argument. Who are you trying to convince?
Based on my own experience, I suspect your buddy has done 2x what B&D did. And quite possibly nearly 3x over past decade.

Of course it isn’t tax free. Neither is B&D. So why mention. In fact, without income producing property he has deferred almost all tax until he sells.

The fact that it doesn’t generate income is inconsequential. There are many ways he could generate income with such a substantial asset.

I have held both assets for decades. RE has been considerably more lucrative. But hey, put on your ostrich ears if you want. Your loss.

#100 Sail Away on 02.21.22 at 10:39 pm

#95 crowdedelevatorfartz on 02.21.22 at 9:45 pm
@#78 KommyKim

“Wrong country and constitution! ”

——–

You do realize that Sail Away is a dual American/Canadian citizen.
He’s just having a bit of fun…apparently at your expense.

——–

I plead the 5th.

#101 Robert Ash on 02.21.22 at 10:39 pm

Well I hope sanity prevails, but just for pause, the Four Biggest Militaries in the World and their firepower rankings are as follows:
1) USA-Pwr. Index Score 0.0453 2)Russia – 0.0501
3) China – 0.0511 4) India – 0.0979.
Recently Russia, and China, have become more engaged, and Xi is a big fan of Putin, and Communism and Lenin, etc. Their respective co operation, reaches back to Arms, support for profit with the NVC. There was a lot of angst in the Cold war, and Arms, for profit sales. These relationships, are long term, but now the number 2 and 3 Militaries, likely can assume an aggressive posture, if they want, to collaborate, since these countries, are better organized, and more determined to Lead, and take over the Command, of their own regions. Adjacent countries that they consider unstable, reactive, or out of step, with their Ideology are easily managed. This Divergent, Ideology, also may extend to Climate change, and Fossil Fuels. There are some recent changes, to Energy Investment, that is not the ideal path for SA, China, or Russia, and they are co- operating in OPEC+.
To ignore this possibility is unrealistic, since Crimea, China’s Coral Islands Base, Taiwan, Hong Kong, etc., are starting to appear to be a pattern of at least heightened, control, and the partitioning of parts of the world. How can this be great for business?

#102 kommykim on 02.21.22 at 10:53 pm

RE:#95 crowdedelevatorfartz on 02.21.22 at 9:45 pm
@#78 KommyKim
“Wrong country and constitution! ”
++++

You do realize that Sail Away is a dual American/Canadian citizen.
He’s just having a bit of fun…apparently at your expense

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

Is he though? It’s so hard to tell these days.

#103 Overheardyou on 02.21.22 at 10:53 pm

47 Keith on 02.21.22 at 5:53 pm

—————

Thank you for your answer

#104 Jordan on 02.21.22 at 11:02 pm

FINTRAC goes after the blue collar business owner when they deposit cheques from their clients, while the laundromats and proceeds of crime goes unnoticed.

False. I deal with Fintrac routinely. – Garth

#105 And your gone on 02.21.22 at 11:13 pm

DELETED

#106 Canadian Patriot on 02.21.22 at 11:16 pm

@#68 Observer on 02.21.22 at 7:35 pm
#58 Chris L

“But I would raise you one point. Isn’t it amazing how there is not even 1 single incidence of violence or vandalism in 3 weeks?”


You can’t be serious. The red zone was lawless for 3 weeks.

——————

Chris L just being his usual willfully ignorant self is all.

#107 Felicity Bergen on 02.21.22 at 11:21 pm

Garth, you comment on Ukraine without commenting on the root cause of the political issue. The people of Donetsk don’t consider themselves Ukrainian. They are ethnic Russian.

In the Republic of Donetsk they trace their Russian ancestry back thousands of years. When the media hypes ‘ an invasion of Ukraine’ that’s incorrect. It is Donetsk that wants alignment with Russia. Russians are not trying to absorb Ukrainian itself. Those are a different people with a different history.

The three things that brought this to a head was the botched realignment after the collapse of the Soviet Union. Most other countries that found themselves mistakenly affiliated have already stated nationhood without war. It’s time for Donetsk.

Second, the botched financing deal between EU banks and Russia. When the ex president of Ukraine chose Russia to fund redevelopment in Ukraine it meant a trillion dollars loss for EU banks. They financed the Color Revolution.

Third and worst was Ukraine attempting all schools to ban the Russian language in schools and public institutions. Russian natives were outraged and protest became lines of defense by outgunned Donetsk. Make your own conclusions, but the fact is Donetsk wants independence. The EU wants control. What’s your answer to that.

Now we’re dealing with a burgeoning dictatorship in Canada, forcing its will on Canadians with a perpetual Martial Law. You make not agree but ask yourself this. How can we ever have a free and fair election if only Justin Trudeau decides who’s right and who’s wrong.

He says we have Martial Law until all protest against his government is quashed. Essentially Canada is a dictatorship where free speech is illegal. What just happened in Hong Kong.

#108 crowdedelevatorfartz on 02.21.22 at 11:22 pm

@#101 Ashes
“, ….. since these countries, are better organized, and more determined to Lead, and take over the Command, of their own regions……”

++++

Ruthless dictators tend to “do it their own way” because if anyone complains….they’re jailed or shot.

If that’s the definition of “better organized” and invasions are merely “Taking over the command of their regions” …………

Perhaps when Trudeau was admiring the Communist China system a few years back he had a point?
After all.
It is pretty easy to rule when no one dares complain.

#109 Ponzius Pilatus on 02.21.22 at 11:26 pm

#132 Sail Away on 02.21.22 at 11:10 am
Alcohol increases the size of the SUBMIT button by 93%
—————-
A little late to the party.
I agree.
And the the left side of the brain shrinks by 34%.
But the EQ shoots up by 53%.
That’s why most artists are substance abusers.
The Romans and Smokie were right:
IN VINO VERITAS?

#110 Ponzius Pilatus on 02.21.22 at 11:30 pm

#11 Sail Away on 02.21.22 at 3:33 pm
I, for one, will always support First Amendment rights.
—————-
How old is that stuff?
200 years?
Time to get a new Constitution.
I think The Who said that.

#111 Ponzius Pilatus on 02.21.22 at 11:38 pm

#20 Concerned and disappointed on 02.21.22 at 4:11 pm
My biggest concern is that the left has a historical record of abusing power( emergency power even more so).
We are already living this century’s soft version of cultural revolution ( the woke, cancel culture ) and now our government is helping itself with emergency powers needed in war times or during terrorist activities.
———————
Hey Buddy!
Gotta read up the History of most of South America in the 20th century, with focus on Argentina and Chile.
Don’t be a CEF, who always posts without checking the facts first.

#112 Ponzius Pilatus on 02.22.22 at 12:07 am

73 Sail Away on 02.21.22 at 7:45 pm
Well, for arachnid news you can use: the spring ticks have been thick on Vancouver Island the last couple of weeks. Each dog picks up a couple each day, so for our 4 dogs, that’s noticeable. We hike/run/bike 8-15 km offleash almost every day, though, so covering a lot of ground. Minor annoyance.
———————-
You’re lucky.
In parts of Central and Eastern Europe, the ticks carry a dangerous virus that can cause severe Encephalitis and death.
In Austria, they have a 2 dose vaccine to provide immunity.
And also, don’t forget Lime disease is spreading in North America.

#113 KG on 02.22.22 at 12:09 am

That’s a police initiative, not political. – Garth

Did not know one can dream in day.

#114 Jordan on 02.22.22 at 12:14 am

But you’re a former politician and white collar investment banker who is connected with the financial industry. They don’t hold you with suspicion like the blue collar worker doing renovations or home improvements for a living.
The bank tellers treat me like I’m about to bring down a well-insured skyscraper every time I try to deposit a cheque in-branch, even before COVID.

#115 Dr V on 02.22.22 at 12:23 am

99 eyes

“My God. What a pathetic argument. Who are you trying to convince?
Based on my own experience, I suspect your buddy has done 2x what B&D did. And quite possibly nearly 3x over past decade.

Of course it isn’t tax free. Neither is B&D. So why mention. In fact, without income producing property he has deferred almost all tax until he sells.

The fact that it doesn’t generate income is inconsequential. There are many ways he could generate income with such a substantial asset.

I have held both assets for decades. RE has been considerably more lucrative. But hey, put on your ostrich ears if you want. Your loss.”
——————————

I try not to make my comments too long, and generally
welcome the rebuttals. Perhaps I should make my initial comments much more detailed, so readers can get a better idea of the numbers and circumstances. I appreciate you did not have this info.

I see you have owned both RE and financial assets. I also own my PR, and have a share in a mixed-use rental
property. And as with so many businesses in BC, I have both direct and indirect benefits of a strong RE market.
So no loss in that regard.

Given a timeframe of about 19 years, my rental property has roughly tripled, as has the TSX. My PR has done slightly better, and the S&P500 has as well.

My associate built his house the year after mine. It is a slightly larger house, on a larger parcel, constructed when costs had already risen substantially and were
continuing to do so. He added the rental a few years after.

He did confide that all in, he had put up over a million dollars over that time. I know he still had a mortgage on his previous house, and I know what the rent he collects
is (not much).

I mentioned the tax implications because [email protected] said RE gains were “tax free”. I stated there is a rental on the property, and I believe that will be taxed. His assessment is almost double what mine is, so more property tax, and his insurance will be higher as well.

Now with the huge equity in this property, I thought this could be a case where a reverse mortgage may actually be a reasonable solution, as long as he only pulled a modest monthly, and did not do it for a period of many years.

I also thought he could take over the smaller rental, and rent out the large house. But I cant see him choosing to do so.

I am also a big fan of the leverage RE offers over financial assets. Perhaps he should borrow $500k and buy those bank stocks.

I also dont believe subdivision is possible.

Do you have any suggestions I could pass on?

#116 Dr V on 02.22.22 at 12:24 am

Holy crap, that was a long comment for me.

#117 Ponzu on 02.22.22 at 12:32 am

DELETED

#118 Observer on 02.22.22 at 12:32 am

An excellent speech by MP Mark Gerretsen during the debates on the Emergency Act.

Chris L, I challenge you to listen to this with an open mind.

https://www.youtube.com/watch?v=jzTLw07UMSw

#119 SnowyRiverDame on 02.22.22 at 12:41 am

Well I guess Mr. Socks threw a hissy fit and got his way again today. Seems like the vote was reframed for his party members as a confidence vote. Totally not under duress at all. We know which Canadians are willing to put their livelihoods on the line for a cause they believe in, and they’re not in swanky digs on Wellington I can tell you that. Mr. Singh gets to breathe a sigh of relief for another day, but for how long? His rubber-stamp is going to wear out pretty soon at this stage.

The wheels have fallen off Canada Inc. No more “we’re better than the Americans”, no more lofty condemnations of human rights abuses abroad, no more preaching about diversity and inclusion. No, that’s all in the dustbin. Canada’s international reputation is in tatters for a generation or more to come. Yes financially it may not impact in the short-term but as we all know the profit motive and greed are very myopic. If we all knew how current events would impact our financial wealth in the future then we’d all be very rich people indeed.

#120 Observer on 02.22.22 at 12:42 am

Chris L.,

You might find “The convoy is not peaceful – Megalist” (link below) illuminating.

https://docs.google.com/document/u/0/d/13-Zg8yjEPYyybbLy70njbWxGeYELQ3Q3PT2Vph0XKQM/mobilebasic

#121 Ponzius Pilatus on 02.22.22 at 12:51 am

#107
Now we’re dealing with a burgeoning dictatorship in Canada, forcing its will on Canadians with a perpetual Martial Law. You make not agree but ask yourself this. How can we ever have a free and fair election if only Justin Trudeau decides who’s right and who’s wrong.

He says we have Martial Law until all protest against his government is quashed. Essentially Canada is a dictatorship where free speech is illegal. What just happened in Hong Kong.
——————-
Breaking news:
House of Commons approves “use of emergency act”.
What dictatorship?

#122 Dr V on 02.22.22 at 1:31 am

I’ll believe it when I see it.

https://bc.ctvnews.ca/status-quo-is-not-acceptable-b-c-may-remove-some-housing-approval-powers-from-local-governments-1.5789884

#123 PeterfromCalgary on 02.22.22 at 4:10 am

When I had a paper route in the late 1970s I had a customer who always paid me with money printed in the 1950s. I figured man he is losing out on a lot of interest which was very high at the time.

Today with banks really paying nothing in interest and the government freezing accounts of those associated with the Freedom Convoy I am wondering if he was just ahead of his time.

Sure I will keep invested in the [email protected] but maybe I don’t need that much money in my near zero interest bank account and should have some physical cash instead.

I use to call it paper money but well it’s kind of plasticy now.

#124 willworkforpickles on 02.22.22 at 4:30 am

Was the state of the economy and life in general better in 2019 than it was in 2020?
Was it better in 2020 than it was in 2021?
Was it better in 2021 than it is now in 2022?
Yes to all of the above.
Will 2022 be better than 2023?
Will 2023 be better than 2024?
Will 2024 be better than 2025?
Again…Yes to all of the above.

In about 1 year , it will be said for all time …the Fed (for the most part) brought us into this economic crises they can’t get us out of.

The pandemic only escalated the problem already long in the making. Even if the pandemic goes away the looming crises will remain.

Yes and yes and yes to all of the above rests squarely on the Feds shoulders.

Already their are concerns on the street what rising interest rates will do to the average person.
Rising prices are their next big concern, but nothing like they’re going to be as the months and years unfold.
They are told the lie that inflation will come back down … and they believe it because they want to believe it.
Many have no concept of the correlation between interest rates and inflation to begin with.
Many are saying, cut this , cut that, build this , build that, give us this , give us that and on and on in order to fix the problems.
Unaware they are, most anyway , government spending adding to ballooning debt expansion got us to this crises about to unfold and will merely add more fuel to the raging inflation fire.
Smallish interest rate increases are not contractionary to inflation but pose the opposite expansionary effect adding to inflation.
Interest rate increases that don’t come near par to the rate of inflation to get near to or ahead of the inflation curve to bring it down only serves to drive it higher .
The average person/s wouldn’t understand it even if it were explained to them. The Fed knows it and won’t breathe a word of truth on it…or ever admit themselves just how badly they’ve f—-ed it all up.
So they pretend they can fix it and will go on pretending head long into the looming crises ahead.

There are ways to prepare now for runaway inflation. Not that many want to hear about until it arrives full monty and bites them in the ass after its too late.

#125 willworkforpickles on 02.22.22 at 4:56 am

# 87 T-Rev

Ditto.

#126 Allan on 02.22.22 at 7:18 am

If only everybody get the vaccine! Surely, our good government would then put end to the pandemic. At least to THIS pandemic.

#127 Wrk.dover on 02.22.22 at 7:42 am

#124 willworkforpickles on 02.22.22 at 4:30 am
Interest rate increases that don’t come near par to the rate of inflation to get near to or ahead of the inflation curve to bring it down only serves to drive it higher .
____________________________________

More inflation is what the first several hike will fuel.

Seems logical.

Added cost of doing business / added cost of living.

Bernanke thought he had removed all of that!

#128 Gravy Train on 02.22.22 at 7:56 am

#46 Nonplused on 02.12.22 at 6:26 pm
There is, so far as I can see, no immanent [sic] invasion of Ukraine planned[…].

Have you thought about getting glasses, Nonplused? How does it feel to be wrong all the time? Stop reading alt-right and pro-Putin social media.

#129 crowdedelevatorfartz on 02.22.22 at 8:04 am

@#109 Ponzies Predictability Patterns Plopped

“I agree.”

+++
Ladies and gentlemen.
Stop this upside down world…I’m getting off.
Ignore Putins war.
Ignore Justin’s Emergency
Global warming…pffft.
Covid…pffft.

Ponzie just agreed with someone.

#130 TurnerNation on 02.22.22 at 8:24 am

Welp see you guys in the camps.
Anyone got the Wifi password?

#131 IHCTD9 on 02.22.22 at 9:58 am

#120 Observer on 02.22.22 at 12:42 am
Chris L.,

You might find “The convoy is not peaceful – Megalist” (link below) illuminating.

https://docs.google.com/document/u/0/d/13-Zg8yjEPYyybbLy70njbWxGeYELQ3Q3PT2Vph0XKQM/mobilebasic
_____

Wow, that is pathetic.

Consider me illuminated: Someone thought the convoy looked just a little bit too peaceful. The tsunami of violence and incandescent rage needed a little help with getting noticed LOL!

#132 Chris L. on 02.22.22 at 10:16 am

Chris L.,

You might find “The convoy is not peaceful – Megalist” (link below) illuminating.

https://docs.google.com/document/u/0/d/13-Zg8yjEPYyybbLy70njbWxGeYELQ3Q3PT2Vph0XKQM/mobilebasic

________________

Honestly did my best to get through that list. ‘Reports’ of violence are not EVIDENCE of violence, really bad camera work depicting nothing substantial (someone trying to make it look like something happened). None of these stood up in court (or would)…mischief and counsel to mischief are the only charges against the protestors. Every protest is mischievous. I didn’t see any crime in that list – just reports of crime. Did you want to point out one specifically that you feel is like the crime?

Most everything is a reaction to the event – I was there and felt this way…or someone was there, and because of that, something happened. Lots of people taking dives…

Anyway, Ottawa is now restored, and more locked down than ever before. But that’s what we are working toward anyway. Full control to the government.

#133 Dharma Bum on 02.22.22 at 10:28 am

Geoff needs to calm down and take Garth’s long standing advice:

Invest diligently and walk quietly among the masses.

Canada’s fifteen minutes of fame is nearly over.

It will turn out to be a big nothing burger.

Enjoy the notoriety and US media attention. It ain’t happening again. Fun while it lasted, though.

Markets in the long run will stabilize and continue the long climb upward. Steady as she goes.

The hysteria amongst the plebes is emotional and tribal. I must admit that Trudeau is such a vile and despicable character to me, that every now and again I fall into the trap of diatribes and rants about his very existence. I blame the idiocy of the masses for his election and staying power. Lefties are a misguided bunch of suckers.

Then I calm down when I realize that it is actually the idiocy of the masses – their sheer stupidity, naivety, laziness, gullibility, sheepishness, fearfulness, and general ignorance that makes them easy marks for taking advantage of.

It’s what makes capitalism so advantageous to those who rise above the fray, stay calm, assess the situation, then move in for the kill, regardless of the tribal warfare and political rhetoric and hypocrisy.

So, folks, don’t get too caught up in the hysteria. Say your piece, express your opinion, barf over your disgust for Trudeau and his doormat Singh, then move on.

Move quietly and stealthily among the masses.

#134 Dharma Bum on 02.22.22 at 10:33 am

#119 SnowyRiverDame

No more “we’re better than the Americans”, no more lofty condemnations of human rights abuses abroad, no more preaching about diversity and inclusion. No, that’s all in the dustbin.
——————————————————————————————————-

Yah.

Dustbin Trudeau

#135 Chris L. on 02.22.22 at 10:46 am

An excellent speech by MP Mark Gerretsen during the debates on the Emergency Act.

Chris L, I challenge you to listen to this with an open mind.

https://www.youtube.com/watch?v=jzTLw07UMSw
____________________

It was hard to listen to the Liberals, but I forced myself to. It was a fun event until the police showed up.

Here is the marshal law that he claims doesn’t exist. The emergency act does not superseded the charter and the charter permits movement of all citizens and rights to assemble. https://twitter.com/TheRealKeean/status/1495533520583901190.

I can provide evidence of the atmosphere here: https://youtu.be/yFcbsmHd5oM?t=1204

There are many hundreds of hours for you to see on that channel. Enjoy!

#136 Summertime on 02.22.22 at 10:46 am

#124 willworkforpickles on 02.22.22 at 4:30 am

Excellent post.
IMHO less than 1 % of the general public is capable of such thoughtful and logical elaboration.

The fact that only 2 posts out of 129 so far include the word ‘inflation’ in it is alarming and indicative of the public awareness and intelligence/or the sad lack of such.

In the land of the blind the one-eyed man is king and this is precisely what the Fed and other central bankers are – charlatans and lairs who sell snake oil/money printing as solution to all problems.

Sharing with you the horror of the few 2 eyed strangers wandering in the mental institution the financial world has become as of lately while knowing exactly where this leads and unable to even warn as nobody sane is left to listen.

#137 Observer on 02.22.22 at 10:53 am

#169 Maria on 02.22.22 at 8:04 am
Hi Garth,

In light of our political instability, and the threat of assets being “frozen” if ones political views are not in line with our PM, do you suggest offshore banking as a good alternative for those with sizeable assets?

No. – Garth

^^^^^^^^^^^^^^^^^^

Maria, I suggest you start learning how to discern fact from fiction.

#138 Quintilian on 02.22.22 at 10:55 am

#122 Dr V on 02.22.22 at 1:31 am
“I’ll believe it when I see it”

The idea is to listen for which pigs will squeal the loudest.
That will tell us who has been gorging at the expense of honest working people.

#139 Crystal ball futurist on 02.22.22 at 11:06 am

Russia on the aggressive.
China deleveraging.
US broke (-30Trillion).
Canada focused on housing market while the State assumes absolute power.
Anyone has any good news? Am tired of bad news.

#140 Gildip Gaur on 02.22.22 at 11:09 am

Singh’s excuse for voting in the Trudeau Dictatorship, that it might be considered a confidence vote if Trudeau didn’t win. Singh should be ashamed of himself. Pathetic. Really pathetic.

#141 IHCTD9 on 02.22.22 at 11:29 am

#99 Open your eyes on 02.21.22 at 10:32 pm

My God. What a pathetic argument. Who are you trying to convince?
Based on my own experience, I suspect your buddy has done 2x what B&D did. And quite possibly nearly 3x over past decade.
____

Appreciation isn’t profit. My place is up 500+%, so did I just quintuple my input? Hell no. Owning something like a residential SFD for decades is *expensive*. Hundreds of thousands vapourize over the long term. That’s why flippers move quick to get back out the minute they can. Every additional month they own the property costs them big. Your typical residential SFD exists in a steady state of degradation and needs regular attention.

#142 FriedEggs on 02.22.22 at 11:34 am

‘Let’s take your analogy of driving a car, as it’s a good one. If you choose to drive a pickup truck to your office job every day, rather than choosing to drive something more efficient, you choose to pollute more than others for no reason other than selfishness and therefore yes, you are more responsible for pollution and the diseases caused by than someone who drives a Prius. You see, your choices do affect others – regardless of your feelings.’

-Efficient? Prove it. Show me data. Show me ‘the science.’ Show me the 1, 3, 5 and 10 yr data of the ‘efficiency’ as Pfizer and all have not. All i see is data under 1 year and its ‘not working’ – at best

#143 Linda on 02.22.22 at 11:50 am

#43 – those folks you overheard may have been referring to OAS. In order to receive ‘full’ OAS at age 65 one must have lived in Canada for 40 years after age 18. Note that ‘full’ OAS is less than $8,000 gross per annum, so don’t expect to be living high on the hog if you live long enough to collect it. BTW, you can defer OAS to age 70 & receive an increased amount by doing so. However, unlike CPP which is a DB pension plan funded by employment contributions OAS is funded from government revenues. Given the train wreck of debt Canada has, I for one wouldn’t bet on getting OAS, let alone bet on getting an enhanced amount by deferring the start date.

#144 Ponzius Pilatus on 02.22.22 at 11:51 am

154 Chris L. on 02.21.22 at 1:07 pm
Surely you are smarter than to get your information from Ezra Levant? IN any case, Freeland says Fintrac should have oversight of crowdfunding and online payment platforms to prevent the flow of capital into activities which are illegal and weaken the democratic structure. How can reasonable people disagree with that? – Garth

_________

That’s an easy one! The protest was never argued to be legal, or not legal, by a court of law – only be decree of the supreme leader. You are welcome to provide your own evidence, but aside from illegal parking, what else do you have evidence of the illegality of the Ottawa protest?
———————
Did the Courts not order an injunction against the protesters?
And how about “illegal honking”?
I’m sure Ottawa has noise by-laws.
Remember, your freedom stops as soon you’re infringing on other citizens’ freedoms.

#145 Observer on 02.22.22 at 12:03 pm

#135 Chris L. on 02.22.22 at 10:46 am
An excellent speech by MP Mark Gerretsen during the debates on the Emergency Act.

Chris L, I challenge you to listen to this with an open mind.

https://www.youtube.com/watch?v=jzTLw07UMSw
____________________

It was hard to listen to the Liberals, but I forced myself to. It was a fun event until the police showed up.

Here is the marshal law that he claims doesn’t exist. The emergency act does not superseded the charter and the charter permits movement of all citizens and rights to assemble. https://twitter.com/TheRealKeean/status/1495533520583901190.

I can provide evidence of the atmosphere here: https://youtu.be/yFcbsmHd5oM?t=1204

There are many hundreds of hours for you to see on that channel. Enjoy!

^^^^^^^^^^^^^^
I give up. It is not possible to have intelligent dialogue with you. Oh, and what is “marshal law”? Not looking for an actual reply from you.

#146 conan on 02.22.22 at 12:08 pm

I think NATO has let Ukraine down tbh. I think they are only play at this point is to retreat to the other side of the
Dnieper River to the south, with a 100 mile buffer, give or take, around Kiev.
Then sue for peace.

#147 Sockeyemoon on 02.22.22 at 12:19 pm

People keep talking about the First Ammendment of the Canadian Constitution. Well, here it is!

“The first territories added to the Union were Rupert’s Land and the North-Western
Territory (subsequently designated the Northwest Territories), which were admitted
pursuant to section 146 of the Constitution Act, 1867 and the Rupert’s Land Act, 1868,
31-32 Vict., c. 105 (U.K.), by the Rupert’s Land and North-Western Territory Order of
June 23, 1870, effective July 15, 1870. Prior to the admission of those territories, the
Parliament of Canada enacted An Act for the temporary Government of Rupert’s Land
and the North-Western Territory when united with Canada (32-33 Vict., c. 3), and the
Manitoba Act, 1870 (33 Vict., c. 3), which provided for the formation of the Province of
Manitoba.”

I think they might be thinking of the US constitution.

#148 Blobby on 02.22.22 at 12:20 pm

@142 fried eggs.

Stop being a baby, get the vaccination. Then you can stop crying all the time.

#149 All lies and manipulated on 02.22.22 at 12:24 pm

#133 Dharma Bum on 02.22.22 at 10:28 am
===========================
That’s because people voted for hair, socks, and free money.
So many Naive…and ignorant on the big picture.
When one admires guys like Castro…OMG.

#150 Get REAL on 02.22.22 at 12:25 pm

#141 IHCTD9 on 02.22.22 at 11:29 am
#99 Open your eyes on 02.21.22 at 10:32 pm

My God. What a pathetic argument. Who are you trying to convince?
Based on my own experience, I suspect your buddy has done 2x what B&D did. And quite possibly nearly 3x over past decade.
____

Appreciation isn’t profit. My place is up 500+%, so did I just quintuple my input? Hell no. Owning something like a residential SFD for decades is *expensive*. Hundreds of thousands vapourize over the long term. That’s why flippers move quick to get back out the minute they can. Every additional month they own the property costs them big. Your typical residential SFD exists in a steady state of degradation and needs regular attention

__________

No details were provided so you would be speculating at best, one way or the other. Needless to say, unless the property was an absolute money trap, they should be way ahead.

That being said, I am telling you that my RE interests were 3x as much than the quoted 7% over the past decade. That’s net of expenses and didn’t cost me a single hour to manage over the past decade.

You can choose to believe it or not. I could care less. My market portfolio did not perform anywhere near that, but still significantly more than B&D return shown above.

Certainly helped contribute to my 8 figure portfolio.

#151 Michael in-north-york on 02.22.22 at 12:27 pm

#107 Felicity Bergen on 02.21.22 at 11:21 pm
The people of Donetsk don’t consider themselves Ukrainian. They are ethnic Russian.
===

First of all, that’s not an excuse to change the state borders by military force. Europe has many places where ethnic boundaries do not match the state borders, for example Transylvania (Romanian state, Hungarian presence), parts of Tyrol (Italian state, German presence), the whole state of Belgium (60% Dutch and 35% French) etc.

Furthermore, Russian-speaking regions of Ukraine lived in peace with the central government in Kiev for about 20 years after the Soviet Union broke up. No grassroot ethnic conflict ever existed there. In those regions, the absolute majority of public schools had Russian as the instruction language. The Ukrainian government didn’t try to change that. In contrast, there is no single public school with Ukrainian as the instruction language in the south-western regions of Russia, where a sizeable Ukrainian minority lives.

The conflict between the two nations was 100% hand-made by the Kremlin dictator back in 2014. Putin wanted to shift the public attention from his declining popularity at home, and succeeded in that by steering up the chauvinistic madness.

#152 Wintertime on 02.22.22 at 12:29 pm

#136 Summertime on 02.22.22 at 10:46 am
#124 willworkforpickles on 02.22.22 at 4:30 am

Excellent post.
IMHO less than 1 % of the general public is capable of such thoughtful and logical elaboration.

The fact that only 2 posts out of 129 so far include the word ‘inflation’ in it is alarming and indicative of the public awareness and intelligence/or the sad lack of such.

___________

Duh. So what’s your point? People know there is inflation and it’s impact. Plan and invest accordingly. Some companies thrive in such an environment, others can pass on the additional expenses.

Flogging a dead horse won get you far. Maybe it’s you who just figured it out.

#153 G on 02.22.22 at 12:35 pm

Hi #4,
I agree with you on your point,
“I think there is truth in the following (this is relevant to the scaredy-cats out there): that if the market were to crash to the point where one loses all their savings, then there are way bigger problems out there than the market crash, to the point where you wouldn’t even think about your savings. “

Just heard this bit of ‘better’ news (thankfully) if you live in Ontario,
Doug Ford announces that starting March 13, the province will end licence plate stickers and renewal fees for several vehicle types. He adds that the government will introduce legislation that would allow the province to refund eligible vehicle owners for all licence plate fees paid since March 2020.
https://www.youtube.com/watch?v=Gcl73Naz4OM

Hi #91,
Regarding you’re, “If the Canadian Senate votes the Emergency Measures Act down next week…. and it’s ended. Will all you conspiracy theorists take a pill? ”
Is this even true/possible? If it is I can still have some more hope for another week anyway, otherwise it doesn’t seem much different than the ‘Just two weeks to flatten the cure.’ Slogan we got feed by the likes of CBC.
As for taking a pill, I always read the medication ‘product insert’ that comes in the box before taking/accepting any. Which I did with a new experimental one that JT wants everyone to have, and it read ‘intentionally blank’, asking a different pharmacist and I was able to bring a copy of it home. I hope the info other are saying ‘out there’ is incorrect.

I’m not the sharpest crayon in the box,
But could see that giving money even if early on, before even getting to Ottawa, electronically for a group with a slogan “Freedom” could be problematic, since we are no longer in the before times. So I might have given a small amount of cash I had in my wallets early on to a guy I saw at grocery store that was going down to Toronto protesting peacefully, as the Canadian charter says you still could at the time before Emergence power acts were brought in.
He had a mask on like we all did, and things like medical fascism on his coat and was a doctor that recently came to Canada to escape that type of government.
With that head of WEF saying he has JT and others in his pocket. When they look at ‘the foreign moneys’ issue I kept hearing Liberal MP speaks of on CPAC yesterday, I hope that the investigation includes any that might be coming from WEF guys. I’m not holding my breath on that. One could hope, if that’s still allowed.
Members of government or JT didn’t even try talking to the truck group when they first got there, or at all. I guess I’d be stretching to call JT moves a coo of sorts. Let’s hope the emergency powers thing is really only temporary like the time his father used similar act.
And I hope all people that gave money early on thinking it was for ‘freedom’ can still get out there money to be able to buy food for their families. The WEF, you’ll have nothing and be happy, forgot to add on or starve it seems.

#154 willworkforpickles on 02.22.22 at 12:36 pm

#136 Summertime
“The fact that only 2 posts out of 129 so far include the word ‘inflation’ in it is alarming and indicative of the public awareness and intelligence/or the sad lack of such.”
…………………………………………………………………………………………………………..

Some are well aware of the broad destructive reach of permeating inflation. Most others will start to get it when the mainstream catches on. Not before.

#155 #115 Dr V on 02.22.22 at 12:23 am on 02.22.22 at 12:46 pm

#115 Dr V on 02.22.22 at 12:23 am

You seem to have a good grip on what options are available. Using leverage to buy stocks that provide income would have been a great option. It was one that I used to magnify my gains yet again overy the courselves oF my investing career .

But you should have a great awareness of what this entails. 35 years ago when I first did this I got a margin call a few months later. 1987 crash. Keep in mind that dividend payments will still be made if you choose strong companies.

I chose to own REITS over individual property ownership due to my very transient career. I.E. working career. No management worries, no administration, stupid tenants, and considerably more diversification.

Really, your imagination is the limit when you are in his position. Have another investor take a position?

#156 Michael in-north-york on 02.22.22 at 12:48 pm

#107 Felicity Bergen

And speaking of Trudeau: yes, his divisive rhetoric is very appalling. But no, he is not becoming a Canadian dictator.

First of all, it is hard to become a dictator here. Too many checks and balances, including the Federal / Provincial division of powers. How can you exercise the absolute power from the federal level, when half of your provinces are governed by PMs representing parties other than yours, and they control the provincial police forces.

And secondly, Trudeau is not the dictator type, he can only govern as long as he gets elected. Once can think that being a dictator is easier than being a legit president / PM, as the former doesn’t need to justify his decisions. In reality, that’s not the case. Surviving as a dictator requires another set of skills, including not getting stubbed by your own minions. The profession of dictator involves a high level of occupational hazard, as many of them could attest. Starting from Gaius Julius and up to Saddam and Gaddafi.

Trudeau will not even try to take that path. My prediction is that he will be peacefully voted out. Probably in the next elections, if not then in the second next.

#157 Don on 02.22.22 at 12:50 pm

“Oh, and don’t send money to dodgy people. Your vote is your weapon. ”

Dodgy people- You mean politicians?
When last was dissent a crime in Canada?
Ceausescu, Hello!!!

Dissent is fine. Occupation and siege are illegal. Ignoring injunctions is illegal. Breaking bylaws is illegal. Defying lawful powers is illegal. Only law-breakers do such things. Do not fund them, or you are equally culpable. – Garth

#158 Martin Niemoller on 02.22.22 at 1:00 pm

First they (Freeland and Trudeau) came for the Freedom Convoy, and I did not speak out—because I was not a supporter.

Then they came for the trade unionists, and I did not speak out— because I was not a trade unionist.

Then they came for the Jews, and I did not speak out—because I was not Jewish.

Then they came for me—and there was no one left to speak for me.

Did I just hear violins? – Garth

#159 conan on 02.22.22 at 1:06 pm

I live in Ottawa and the people living there have been hard done by. It is a disgrace what the “trucker Convoy devolved into.
Anyone supporting it will pay the price at the polls next election.

I would not be surprised if Ottawa Carleton gives PP the boot, the shoe, the sko, the schoen, next election.

#160 Don on 02.22.22 at 1:07 pm

‘Dissent is fine. Occupation and siege are illegal. Ignoring junctions is illegal. Breaking bylaws is illegal. Defying lawful powers is illegal. Only law-breakers do such things. Do not fund them, or you are equally culpable. – Garth ‘

When other countries do it, Canada calls them “Freedom fighters”. and ‘PROMOTED them.

When Canadians do it, Canada calls them “traitors”.

Well, unfortunately, the eagle has come back home to roost.

You have infinite freedom. It’s perspective that has abandoned you. – Garth

#161 Chris L. on 02.22.22 at 1:11 pm

I give up. It is not possible to have intelligent dialogue with you. Oh, and what is “marshal law”? Not looking for an actual reply from you.
_______

You got another reply from someone else. The discord here is not very easy – but the fact that someone else mirrored my thoughts should tell you something. I think you could easily find many other more violent uprising than this one.

No one disagrees with noise, parking, and general nuisance. But this could have easily been avoided. I think JT ignored it to flame the fire so he could use the emergencies act. He took 8 days break – what do you think he was busy doing? Fighting covid again? Politicians going to politic. Now he is supreme leader without a crisis. That should be alarming to you.

His rational was that it was tough to find tow trucks…that’s why we still need the emergency act – in case they come back. I mean, what else is he using the act for right now? Help me understand. You don’t hold emergency powers… just in case? Well, unless it’s a covid emergency…forever, and ever, and ever.

#162 Immigrant man on 02.22.22 at 1:15 pm

#155 Michael in-north-york on 02.22.22 at 12:48 pm
—–
Get this man a beer – this comment is spot on! To add: Putin (and a vast majority of citizens of Russia) do not see Ukraine as a separate country, they see it as a breakaway region. Putin openly states so, this is no secret (http://en.kremlin.ru/events/president/news/66181). Also, this is the guy who repeatedly said that the dissolution of USSR was the single greatest geopolitical catastrophe of the 20th century. This means that if you are living in one of those ex-soviet countries – your a** belongs to Vlad (or so he would like).

Ukraine has many Russian-speakers and ethnic Russians, but this conflict is not ethic, its political. That’s why you will find plenty of ethnic Ukrainians in Putin’s cabinet bent on destroying Ukraine and likewise many ethnic Russians on the frontlines in the Ukrainian armed forces. It’s a political conflict, a conflict of worldviews if you like. Not everyone wants to live in a GULAG, that’s understandable.

#163 Reddy on 02.22.22 at 1:16 pm

Garth WRT to ur comment regarding 157 … Thank you. More people need to realize this.

#164 IHCTD9 on 02.22.22 at 1:23 pm

#150 Get REAL on 02.22.22 at 12:25 pm

That being said, I am telling you that my RE interests were 3x as much than the quoted 7% over the past decade. That’s net of expenses and didn’t cost me a single hour to manage over the past decade.
______

You made 21% annual returns NET?

After all expenses?

For ten years straight?

And you didn’t even put an hours work into it in 10 years?

LOL!

Get real homie.

#165 Ponzius Pilatus on 02.22.22 at 1:32 pm

#156 Michael in-north-york on 02.22.22 at 12:48 pm
#107 Felicity Bergen

And speaking of Trudeau: yes, his divisive rhetoric is very appalling. But no, he is not becoming a Canadian dictator.

First of all, it is hard to become a dictator here. Too many checks and balances, including the Federal / Provincial division of powers. How can you exercise the absolute power from the federal level, when half of your provinces are governed by PMs representing parties other than yours, and they control the provincial police forces.

And secondly, Trudeau is not the dictator type, he can only govern as long as he gets elected. Once can think that being a dictator is easier than being a legit president / PM, as the former doesn’t need to justify his decisions. In reality, that’s not the case. Surviving as a dictator requires another set of skills, including not getting stubbed by your own minions. The profession of dictator involves a high level of occupational hazard, as many of them could attest. Starting from Gaius Julius and up to Saddam and Gaddafi.

Trudeau will not even try to take that path. My prediction is that he will be peacefully voted out. Probably in the next elections, if not then in the second next.
————————
Very good point.
For many posters here, saying “Dictator” instead of “Legally Elected Prime Minister of Canada” makes them feel like they are on to some sinister cabal.
Nothing to see here folks, just keep walking.

#166 XEQT and chill on 02.22.22 at 1:39 pm

My mom’s side of my family is 100% Ukrainian. My Dido on that side was a proud Canadian, and proud of his Ukrainian heritage. He passed away from a heart attack about 20 years ago.

I was talking with her about Ukraine and Ottawa this weekend. She said, “Thank god my father died when he did, because what is going on today in Canada and the Ukraine would’ve killed him.”

#167 Barb on 02.22.22 at 1:51 pm

Apologies this email is so long but I couldn’t find a link.

“A false flag operation . . .
Driving north into Penticton on a fine sunny Saturday the mood was soured by a convoy of cars and trucks bedecked in Canadian flags heading to Osoyoos to jam up the border and disrupt the lives of people living in that small town under the pretense of freedom.
What I find most infuriating is the way this small bellicose crowd of science deniers, far right fart sacks, willfully ignorant mouth breathers and credulous conspiracy consumers pretend to represent Canada by flying the Canadian flag.

They have taken the beloved Maple Leaf, the flag our soldiers fight and die under, the image that our athletes tearfully wrap themselves in on the Olympic podium, the symbol Canadians proudly attach to their luggage when travelling abroad and besmirched it in a tawdry display of selfish intolerance. Even hanging it upside down on a statue of Terry Fox, a national hero who believed in science.

These convoys have nothing to do with the Canadian government mandating vaccines for truckers who cross international borders. There is only one border by land from Canada, and the U.S. requires vaccines to cross it. The Trudeau government has zero control over that. End of story.

These faux patriots, either through choice or the luck of the birth lottery, live in one of the greatest countries on earth, a place where hundreds of millions dream of immigrating because it is a global bastion of freedom and opportunity and one of the world’s oldest democracies. Yet for reasons few faux patriots could articulate, they advocate the overthrow of the duly elected government, replacing it with a committee of their choosing.

What could go wrong, Canada?

First off, in a democracy, the majority rules. This is a plain and simple fact that every child learns early in their schooling. The majority of Canadians want vaccines and mandates, another simple fact even the most obtuse mouthbreathers should be able to grasp.
This is not taking away freedom from a minority, this is fulfilling the will of the people who elected the government. This is the way democracy works.

The majority of Canadians want drivers to have a license to operate motor vehicles and to obey the rules of the road. They do not want our streets and highways to become deadly free-for-alls for anyone with access to a vehicle. We accept this because it is sensible.
Similarly, the government requires people to show I.D. when purchasing liquor or marijauna or upon entering a bar or strip club. This is because the majority of Canadians think protecting children from the temptations of the adult world is the right thing to do.
Our kids require vaccines to attend public schools because the sensible majority believes in science and sees the benefits of eradicating diseases like smallpox.
In short, a democracy functions because people respect the will of the majority even when it goes against their personal beliefs.

This is not to say people do not have the right to protest if they don’t like a particular government policy. This is the unalienable right of people living in a free society, a cornerstone of democracy that we all cherish. Have at it.

Honk your horns. Hold hillbilly tailgate parties. Howl at the moon. Just do it somewhere where you are not infringing on the rights of other Canadians to go about their lives. Don’t harass health care workers or children at school. Don’t intimidate employees at stores and restaurants who are working to keep the system going. And don’t do any of it under the auspices of the Canadian flag.

You do not represent Canada. You are a national embarrassment, a tiny minority having your 15 minutes of fame giving the finger to the majority, who in your paranoid conspiracy-addled world you imagine look down on you from positions of privilege.

You revel in the size of your Trump-inspired rallies, citing the thousands who turn out as an indication you have a lot of support. You stand proud of your stupidity. The truth is if the tolerant majority runs out of patience with your continued belligerence and perceives you as a real threat to our cherished democracy, you will be swamped in a sea of millions of righteous freedom-loving Canadians who will send you scurrying down conspiracy rabbit holes with your bunny tails tucked.
The support you are getting from right wing extremists in the U.S. and throughout the world should signal Canadians to be on guard. When Ted Cruz is on your side… well, enough said.

The Canadian flag is a proud symbol of our multiculturalism and our national tolerance of diverse viewpoints. It should never be dragged into politics or be flown at rallies rooted in hate advocating the overthrow of our elected government. It should never be seen in the same picture as the Swastika.

Tolerance is one thing, but history tells us that allowing extremists to flaunt the law without consequences never ends well.”

Anonymous.

#168 Alistair B. on 02.22.22 at 1:54 pm

Sometimes you piss me off a little (Garth) because I am to the “left” of you. But you always seem to be sincerely trying to help. This time I’d like to give you a hug. Such a relief to read sensible things. Please keep trying.

#169 TurnerNation on 02.22.22 at 2:11 pm

#153 G on 02.22.22 at 12:35 pm

^The license plate fee announcement is very very bad news.
Last time he got elected on a single flimsy premise: A buck-a-beer. (He sure knows what we proles like.)
The result? Years of Economic reset, permanent state of emergency. At the behest of our global rulers.

This time it’s $120 sticker – we come cheap. Guess what will be his next party trick in the coming years.

#170 All lies and manipulated on 02.22.22 at 2:20 pm

#165 Ponzius Pilatus on 02.22.22 at 1:32 pm
#156 Michael in-north-york on 02.22.22 at 12:48 pm
#107 Felicity Bergen
Very good point.
For many posters here, saying “Dictator” instead of “Legally Elected Prime Minister of Canada” makes them feel like they are on to some sinister cabal.
Nothing to see here folks, just keep walking.
============================
He is that authoritarian type.
Boy he’s pushed through so many things without proper authority or oversight I lost count. “Now is not the time to question your government”
I’ve never seen someone embarrass himself so many times in power. And there he stands.
Like it or not one of the smartest leaders out there is Putin.

#171 Dr V on 02.22.22 at 2:27 pm

150 Real

“That being said, I am telling you that my RE interests were 3x as much than the quoted 7% over the past decade. That’s net of expenses and didn’t cost me a single hour to manage over the past decade.”
——————————————-

The 7% will double your money in a decade, so you have done a six-bagger with zero effort and costs?

No such price appreciation on SFDs in this area over that
time. Not….even…..close……

@115 thank you for your comment. REITs seem like a
good alternative to individual properties.

138 Q – “The idea is to listen for which pigs will squeal
the loudest.”
——————————–

That would be (a) the local governments and
(b) the NIMBY influence on the local governments.

#172 willworkforpickles on 02.22.22 at 2:29 pm

#152 Wintertime
……………..

Its people like you…the majority , who have no clue where inflation is headed or why. The majority who know only what they hear via the mainstream. To you its a no brainer, everyone knows there’s inflation so leave it at that. Why flog a dead horse everyone is aware of.

The fool thinking in that is most know nothing of the innumerable machinations driving inflation , what’s behind it , where its going , why it cant be fixed and why its too late apart from absolute draconian measures to do it.

The mainstream herd know nothing but the bs they are handed when its handed to them.

Your point on inflation responding to Summertime is moot.

#173 Alistair B. on 02.22.22 at 2:36 pm

#167 Barb
Thanks for posting that.

I’m embarrassed by the levels of ignorance on display.
Unvaccinated truckers are not allowed into the U.S. to pick up a load in the first place, so the vaccine requirement for coming back into Canada has zero effect on truck trade. Anyone could check the website of the Department of Homeland Security to see that.(https://www.dhs.gov/news/2021/10/29/frequently-asked-questions-guidance-travelers-enter-us)

On the other hand, blocking the border crossings definitely affects trucking.

If an infected person infects 1 other person before they croak or get over it, then the number of infected people stays constant. If they infect more than 1, then the number of infections climbs increasingly rapidly. If, on average, they infect less than one person, then the number of infections fades away.

So managing the epidemic is a matter of getting that critical number below one. It’s that simple. And for this coronavirus that number started out *way* higher than 1.

So do you think the government should just ask everyone to please cut social interactions, wear a mask, and get vaccinated? And leave it at that? Many people would say they don’t really want to wear a mask, because it’s uncomfortable. I can’t stay home from work because others are going. Many would say they keep meaning to get vaccinated, but haven’t gotten around to it. How would you decrease that number below 1 without making the virus countermeasures requirements?

BTW our government was elected, and it’s a minority government at that. JT is not free to run this country like Putin runs his. It’s ridiculous blame everything you dislike on JT. Vote.

#174 kommykim on 02.22.22 at 2:41 pm

So here’s a video put out by a supporter of the Ottawa Truck rally… Now listen to the guy yelling about AIDS… Typical nutbar stuff right there.

https://youtu.be/x-ZE88tZ-ME?t=104

#175 Inadequate on 02.22.22 at 2:46 pm

Mr. Turner, Don’t you think that sizing the asset of a peaceful protester is worse than what you wrote “But no government in Canada will be freezing accounts or seizing assets because you voted the wrong way or sent money to that nutcase, Max Bernier.”

It is blatant abuse of power to intimidate people from express their agreement. A dictatorship in China uses this tactic.

#176 Inadequate on 02.22.22 at 2:47 pm

seize

#177 Chris L. on 02.22.22 at 2:47 pm

Dissent is fine. Occupation and siege are illegal. Ignoring injunctions is illegal. Breaking bylaws is illegal. Defying lawful powers is illegal. Only law-breakers do such things. Do not fund them, or you are equally culpable. – Garth
______________

I would not dispute this. My only concern now is the use of the emergency powers. Does funding nefarious causes (most of which are by-laws) demand that your bank account be frozen without due process?

All they wanted was to be heard – and they never even got that.

Justin thinks all this is worth it – to keep his federal mandates. It’s quite bizarre.

For anyone in an abusive relationship, this is the sorts of things that happen. We live with a very toxic government. And it’s rarely us and them, but us and us – he instigates us to fight with each other. This is what the convoy tried to reverse and create unity. You can see for yourselves. I have presented footage from Ottawalks – it’s there for you to digest if you have the ability to see beyond your own bias and what is presented by Justin’s media.

#178 David L on 02.22.22 at 2:56 pm

I have a theory about why JTC invoked the EA and it has nothing to do with truckers….they are just a smoke screen.

You see a day of reckoning is coming in the next few months and JTC has to have his EA already in place when the proverbial shit hits the fan

1. Whispers are Pfizer and Moderna committed outright fraud. Wall St already knows which is why MRNA and Pfizer stock taking massive hits lately

2. Group Life Insurance claims up 30-58% YOY (these are healthy working class people 18-64)….excess deaths are being seen in the Individual Life policies. Some insurers now proactively reinsuring high face value claims at bizarre rates…they know what’s coming and bracing for impact

3. Funeral homes: business booming (reflected in stock prices)

4. All cause mortality surging in all heavily vax jurisdictions

5. Prominent scientists now warning of vax induced autoimmune disease and loss of immune function by 5% per week…aka #VAIDS

Yep….perfect storm lining up and when 30+million Canadians find out they’ve been poisoned they won’t be singing O Canada, hugs, and bouncy castles. People will be insanely angry ergo JTC and his EA to quell the hoi polloi from rioting

Take it for what it’s worth but it’s all lining up like dominoes

Get help. – Garth

#179 Linda on 02.22.22 at 3:00 pm

‘Do not fund them, or you are equally culpable’. An interesting point. So what I’m wondering is whether those who donated prior to the protestors engaging in illegal actions are in the clear? Because plenty of people did. Or will the legal stance be those folks ‘should have known better’ & by default contributed to the illegal actions taken by the protestors? My point being that folks may well have donated in the naive belief that no one would take advantage of the opportunity to misbehave under cover of a peaceful protest.

#180 All lies and manipulated on 02.22.22 at 3:04 pm

#177 Chris L. on 02.22.22 at 2:47 pm
===================
They could have rioted and burned buildings ect ect??
Maybe they should have stayed home and emailed their MLAs….LOL
You actually have to ask yourself. WHAT DOES IT TAKE to get heard? The government is daft.

#181 pPrasseur on 02.22.22 at 3:06 pm

Dissent is fine. Occupation and siege are illegal. Ignoring injunctions is illegal. Breaking bylaws is illegal. Defying lawful powers is illegal. Only law-breakers do such things. Do not fund them, or you are equally culpable. – Garth

So much wrong with that statement…

Culpable retroactively? Without a judge? Without intent? No warrant needed, we are going to pursue you said the police chief!

Yeah Canada is such a great place with infinite freedom!

Ordinary people are not very politicized, however they tend to vote with their feet (and the money follows).

#182 KLNR on 02.22.22 at 3:08 pm

False equivalences being thrown around by the nutters in here are out of control today lol.

#183 kommykim on 02.22.22 at 3:11 pm

RE:#171 Dr V on 02.22.22 at 2:27 pm
That would be (a) the local governments and
(b) the NIMBY influence on the local governments.

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

No. That’s simply democracy at work. Local governments representing the interests of their constituents instead of the special interests of developers.

#184 Charlie C on 02.22.22 at 3:13 pm

If the Canadian flag is an alt-right symbol, then you are a literal Nazi. Not my read. It’s the woke mob’s read on you just a few short months ago when you hung that giant maple leaf in Lunenburg. It’s what made me hear about you, from local rich wokies aghast at your so-called racism. I said nothing (as you do, when you have a job to keep) but decided to later look you up, and have been enjoying your perspective ever since.

I am not anti-vaccine, but I’m very much anti-mandates, anti-lockdowns, anti-child abuse, and pro-choice. We cannot keep living (not living) like this, in a state of constant fear. We don’t shut down society because of all the babies who die of RSV. More people have suffered and died – and died alone – because of the lockdowns than of covid. We’re being played by people stunting for power, buoyed by a compulsively lying, state-owned media. The truckers represent a growing majority of people – even wealthy, elite ‘progressive’ lefties – exhausted of the theatrics. Yet joyful and considerate in their exhaustion, with not a single person shot, and not a single building burned. Do I have sympathy for people in those Ottawa apartments? Sure. I don’t doubt the inconvenience. But it pales in comparison with the inconvenience of Trudeau’s authoritarianism. The truckers made me proud and grateful. Downright teary-eyed.

I don’t understand the short-term memory on display here. You see some of the holes, but you can’t seem to see how they all corrode due to a singular rot. You’ve fallen for the ‘anyone who disagrees with me is an alt-right Nazi’ stinker. I would have thought you were smarter than that.

I fly the Canadian flag because my grandfather went through hell to stop Nazi Germany. Our flag meant the world to him. If you call the maple leaf ‘alt-right’, you’re calling my grandfather alt-right, and me as well. Not a winning strategy, unless your goal is to make more people who don’t care anymore that they are now deemed deplorable.

Be accurate. I said the protestors are following the same game plan as the Trumpians – abscond the flag, the mantle of ‘patriot’ and seek to divide. Seems like you fell for it. – Garth

#185 IHCTD9 on 02.22.22 at 3:14 pm

#172 willworkforpickles on 02.22.22 at 2:29 pm

… of the innumerable machinations driving inflation , what’s behind it , where its going , why it cant be fixed and why its too late apart from absolute draconian measures to do it.
______

Looking more and more like you might be right on this point. Don Pitts has a good article on the CBC on how the more volatile elements of inflation have now bled into core inflation – ie everything is going up now.

In todays context, what would be considered draconian measures? It sure wouldn’t take much to feel that way. It’ll feel that way before it’s enough.

#186 Highly biased liberal observer on 02.22.22 at 3:36 pm

FINTRAC goes after the blue collar business owner when they deposit cheques from their clients, while the laundromats and proceeds of crime goes unnoticed.

False. I deal with Fintrac routinely. – Garth

****”*****”**

I would have arrested you on the spot for what you might do. Grinning face

The old ones are the most dangerous.

#187 Dr V on 02.22.22 at 3:43 pm

183 kk

” That’s simply democracy at work.”
————————————-

My apologies. Please let me re-phrase to

“The GREEN influence on the local governments.”

Vancouver island has the highest “green” political density in the country. They treat development like
drugs. They just say “No”. They are very politically active and fill the majority of the councils. Everybody
else is too busy working, or trying to work and make a
living.

Seriously, I could start my own blog about this.

#188 FriedEggs on 02.22.22 at 4:04 pm

Today – Ask #1 French tennis star Gail Monfils on his thoughts – or is he yet another one just crying?
.
‘And you can tell they’re all the same underneath the pretty lies.
Anyone for tennis, wouldn’t that be nice?’
-Eric Clapton and Cream

#189 Dr V on 02.22.22 at 4:15 pm

SP500, Dow, ‘DAQ and R2000 all down over 1% as I type. Nikkei also down, TSX down but not as bad, London up??

#190 Immigrant man on 02.22.22 at 4:23 pm

Garth, pay-to-post. Seriously. Consider it. It’s getting too wild in the comments here even for this hard-right immigrant man.

#191 Faron on 02.22.22 at 4:29 pm

#187 Dr V on 02.22.22 at 3:43 pm

They just say “No”. They are very politically active and fill the majority of the councils.

I agree that this is a problem and I suffer from a bit. The NIMBYism on the Island is unreal. Directly proportional to proximity to Oak Bay. Although I like my SFD, it’s pretty hypocritical to complain about prices of RE while also complaining about development. We Victorians seem to like to have Langford do all the building so that we can scoff on our way to the trails in Sooke Hills with our ‘doodles.

#192 Leroy full on Indian food on 02.22.22 at 4:32 pm

“Those of us in the free world have been asked to suspend many of our freedoms for the sake of our collective health during this pandemic. But asking us to compromise our right to peaceful protest, or to have our finances seized without due process of law in the name of a fake emergency, can never be made normal. In the words of Justice Gorsuch, “Even if the Constitution has taken a holiday during this pandemic, it cannot become a sabbatical.””

https://nationalpost.com/opinion/david-sacks-trudeau-creates-a-caste-of-economic-untouchables-in-canada

#193 DON on 02.22.22 at 4:33 pm

#152 Wintertime on 02.22.22 at 12:29 pm
#136 Summertime on 02.22.22 at 10:46 am
#124 willworkforpickles on 02.22.22 at 4:30 am

Excellent post.
IMHO less than 1 % of the general public is capable of such thoughtful and logical elaboration.

The fact that only 2 posts out of 129 so far include the word ‘inflation’ in it is alarming and indicative of the public awareness and intelligence/or the sad lack of such.

___________

Duh. So what’s your point? People know there is inflation and it’s impact. Plan and invest accordingly. Some companies thrive in such an environment, others can pass on the additional expenses.

Flogging a dead horse won get you far. Maybe it’s you who just figured it out.

**********

Well Charlie Munger thinks this is the number 1 issue facing the US/World.

Step by step the experts are walking back their original comments.

If you have been following you wouldn’t have to SY DUH like petulant child. Or would you feel better putting horse blinders on.

Google inflation news and follow the emerging realization. Not talking about it won’t go away. Maybe you should try clickin your shoes together 3 times.

#194 DON on 02.22.22 at 4:36 pm

#191 DON on 02.22.22 at 4:33 pm
#152 Wintertime on 02.22.22 at 12:29 pm
#136 Summertime on 02.22.22 at 10:46 am
#124 willworkforpickles on 02.22.22 at 4:30 am

Excellent post.
IMHO less than 1 % of the general public is capable of such thoughtful and logical elaboration.

The fact that only 2 posts out of 129 so far include the word ‘inflation’ in it is alarming and indicative of the public awareness and intelligence/or the sad lack of such.

___________

Duh. So what’s your point? People know there is inflation and it’s impact. Plan and invest accordingly. Some companies thrive in such an environment, others can pass on the additional expenses.

Flogging a dead horse won get you far. Maybe it’s you who just figured it out.

**********

Well Charlie Munger thinks this is the number 1 issue facing the US/World.

Step by step the experts are walking back their original comments.

If you have been following you wouldn’t have to say DUH like a petulant child. Or would you feel better putting horse blinders on.

Google inflation news and follow the emerging realization. Not talking about it won’t make it go away. Maybe you should try clickin your shoes together 3 times.

I had to fix my spelling/grammar mistakes before wintertime latched onto it.

#195 Faron on 02.22.22 at 4:37 pm

Based on the utter nonsense that Garth is valiantly battling, it seems the Internet Research Agency should be toasting a round for a job well done. Disinformation, uncertainty, chaos, division all successfully sowed.

Funny how all of this went down within the borders of a major NATO ally, one who had seen some of the least divisiveness around COVID, right when the threat of invasion of Ukraine was reaching a boil. Weird.

#196 willworkforpickles on 02.22.22 at 4:39 pm

#185 IHCTD9

“In todays context, what would be considered draconian measures? It sure wouldn’t take much to feel that way. It’ll feel that way before it’s enough”
……………………………………………………………………………………………………..

Draconian measures to conquer inflation would require an immediate interest rate increase above the rate of inflation making the necessary rate adjustments to keep ahead of the inflation rate while bringing it down.
The Fed would not ever be wise even to increase rates up to but only 1% increments at a time to eventually get ahead of the inflation curve, as that would prolong an inflationary recession. It’s not in their playbook , or at least, not yet.
A sudden rate increase greater than the rate of inflation now as was done in the past, would blow the economy apart with today’s unprecedented debt levels that didn’t exist like they do now as they did this with rates in the past.
I have spoken of the extremities of where a default on the national (US) debt would lead a number of times.
But that’s getting into what amounts to about the first 10 chapters of a book content-wise on the subject, even though its all relative to the outcome of high enough rates needed to actually quell inflation and in that of what it would ultimately lead to next.
In a nutshell, the boomerang effect of default would kill the US reserve currency status and eventually devalue the dollar to near worthlessness through hyper-inflation. Economic destruction the Fed will try to avoid at all costs, opting instead for the slow bleed instead.

#197 pPrasseur on 02.22.22 at 4:41 pm

I said the protestors are following the same game plan as the Trumpians

So? Is that a crime? Besides where else can they go, the left? With the laptop class NDP that voted for martial law just to avoid an election?

Today’s left still uses the working class, but it doesn’t represent them anymore, has not for a long time. And guess what, the workers know it.

In the US blue states are losing middle class families and businesses, they are leaving in droves, all fleeing to red states.

Think of Canada, more blue than California! With more taxes, more unaffordable housing and the crappiest health care system in the developed world.

#198 Don on 02.22.22 at 5:06 pm

I am going to tell you this much.

This so called “emergency law” was UNLAWFUL.

This is Trudeau’s Waterloo moment. He will be gone, in the next election.

His legacy : Nothing here.

#199 willworkforpickles on 02.22.22 at 5:11 pm

#104 DON

“I had to fix my spelling/grammar mistakes before wintertime latched onto it.”
………………………………………………………

Yeah I need to get back to proof reading before hitting the submit button myself. A constant embarrassment after the fact when realizing just after submitting a post that could have been worded better. More patience.

#200 AtTrudeausMercy on 02.22.22 at 6:25 pm

Therein lies the critical conundrum: alternative forms of money require a benign government to allow for their proliferation, but a benign government negates the need for alternative forms of money. This is a political problem, and no amount of Bitcoin or Gold Eagles will help when the political eye turns against you. Money is what the government says it is, and we just got a glimpse that our views – political, cultural…personal – form a relevant condition to being allowed to spend it.
https://doomberg.substack.com/p/what-canada-means-for-crypto