The war

It’s Sunday as I write this and tomorrow’s expected to deliver a wild trading session on the markets. Last week was a taste. The widest one-day swing in Wall Street history as stocks tanked, recovered then surged. The Russia-Ukraine war’s commencement was a shock. Then traders decided it was a regional thing, would not upset the global recovery, and be done by the time trading resumed Monday.

But war is war. Unpredictable. The Russian advance was unstable and appeared unsupported. Supply lines failed. The 19-year-old Russian soldier-children driving tanks seemed a tad bewildered. A citizen army was born. President Zelensky, once a comedian and fake TV politician emerged as defiant, proud and unbowed. He’s currently the only leader in the world who has stood up to the Russian dictator. On television US Senator Mitt Romney praised him, trashing the Putin-cozy Trump and calling the Russian leader, “small, evil and feral-eyed.” The Ukrainian forces fought far above their strength.

This is an economic war, too. Key Russian banks have been thrown out of the SWIFT system, which effectively cripples them. People in Moscow have been lining up to withdraw money, and many banks have closed. The Russian CB is also under attack. And the rouble may collapse in open trading on Monday. Meanwhile the MOEX (Russia’s main equity index) lost almost half its value. Most countries have booted Russian planes out of the sky. Sanctions mount by the hour.

Protests are global. Putin has lost any creds he had as a global statesman. As that happened, Zelensky’s tweets, Instagram and FB posts showed a resolute man with no fear and cowboy courage. The contrast further cemented popular views of evil and good.

Now the SWIFT thing is big. Russia’s being shut out of international trade will have a deleterious effect on some markets. It’s unknown if ‘talks’ between the two countries will result in a truce, a capitulation or a surprise. Already billions of dollars in damage has been done to key infrastructure, hundreds of thousands of refugees have been created and the Cold War brought back in the space of one week as NATO goes on high alert and Russia tells its nuke operators to be ready.

Did you imagine a European war in your lifetime? A stable, democratic, modern country with more citizens than Canada being rolled over by tanks? Or that one nation in this time of wokeness and lib-left thinking could decide to just take over another one and shell innocent people’s kitchens? That bankers and teachers with no military training could be handed automatic rifles and told how to throw petrol bombs out their windows – a week after having perfectly normal lives?

But here we are. Just out of Covid, and into this.

So your portfolio may rock and roll for a while. Ignore that. This will end and declines will be replaced with gains. But please take some time to reflect on what’s happening there, and the relative peace, predictability, serenity and calm of your own life.

On Saturday I drove from the core of Toronto into a wall of protestors – a few thousand of them on Yonge Street – bedecked in Canadian flags and holding signs trashing vaccines, masks and the government. Over the course of many blocks they screamed ‘Freedom’, then broke into a big street dance to Twisted Sister’s ‘We’re not gonna take it” blaring from the back of a pickup.

I thought about Zelensky, facing death as the head of state, yet standing in the street. The office manager with a M4 WAC 47 assault rifle in her soft hands. The guy standing up to an advancing convoy of Russian armour. The families fleeing to Poland, leaving husbands and sons behind. Knowing many would perish. For freedom.

And I was ashamed.

About the picture: As families are broken apart in the Ukraine and all men aged 18 to 60 are asked to take up arms, many pets have become displaced. Professional military members and citizen soldiers alike have opted to take dogs into the fray with them, where love and loyalty can help offset the current tragedy of both their lives.

292 comments ↓

#1 Flop… on 02.27.22 at 2:17 pm

I see in the news this morning that BP is selling its 20% stake in Russian petroleum giant Rosneft.

Rosneft got a mention in this recent visualization as Russia’s third largest company and world’s largest public petroleum company.

Maybe BP now stands for Bury Putin…

M47BC

The Top 10 Biggest Companies in Russia.

https://www.visualcapitalist.com/the-top-10-biggest-companies-in-russia/

#2 don't poke the bear on 02.27.22 at 2:30 pm

people here have their priorities seriously screwed up.

asked to put on a mask to protect your neighbor, and your rights are being taken away from you. asked to vaccinate to help stop the spread of a virus that’s killed tens of thousands of Canadians, they take to the streets like they’ve been wronged.

sad what people have become.

#3 Love_The_Cottage on 02.27.22 at 2:31 pm

And I was ashamed.
_______
I certainly don’t agree with them, but isn’t being able to protest one of the keys to democracy?

#4 Chimingin on 02.27.22 at 2:32 pm

Great column, Garth. Thank you. Canadians dismissing the reality of what is happening in the Ukraine as a mere ‘distraction’ from the ‘crimes against humanity’ perpetuated by the Liberal government (their words, quoted from social media) are embarrassing themselves and the rest of us. I am anti-Liberal to the max and think that Trudeau’s terms in office have about ruined us, but everyone should just go home now and shut up. We’ve looked ridiculous on the world stage for years now, but these words and that behaviour, in light of impending war across Europe, takes the cake.

#5 Ed on 02.27.22 at 2:34 pm

I too am ashamed to be a Canadian today as well, perhaps for different reasons.

I am enjoying Zelensky showing how leadership is done. God bless him & all Ukraine!

#6 crowdedelevatorfartz on 02.27.22 at 2:35 pm

@#1 Flop
The Russian Billionaire that owns Chelsea football club has donated it to charity….

https://www.washingtonpost.com/sports/2022/02/26/roman-abramovich-chelsea-owner/

He’s ahead of the British sanctions on all Russians to seize all their British assets.

https://www.theguardian.com/world/2022/feb/27/boris-johnson-under-pressure-to-widen-sanctions-on-more-oligarchs-in-london

Homes, Bank accounts, Real Estate, businesses ….all to be seized and they can’t move it anywhere….. now that SWIFT is clamping down.

The rich elites that Putin calls “friends” will be almost wiped out….

:)

Bye bye Oligarchs

#7 "NUTS" on 02.27.22 at 2:35 pm

Alas Garth, I too was ashamed. As I sit in a London (UK) hotel room, I am ashamed in the wake of having made international news with our “Convoy” protests. I look out my window at a city where people’s freedoms were truly threatened by an Arian thug. I walk the London streets and see Ukrainian ex-pats protesting the Putin invasion. Real threats to freedom, and I’m flushed with embarrassment.

#8 Freedom Lover on 02.27.22 at 2:39 pm

Unbelievable. I disagree wholeheartedly with your premise. You don’t accept or respect the views of fellow Canadians and make an ersatz comparison between Canadian rights and freedoms to Ukranians? Given your presence on the internet and thousands of followers, you should bear some responsibility in publishing unbaised divisive articles. The folks dancing in the streets and singing do so because they are free. Not because they are against you or Ukrainians.

I believe you have lost perspective on what freedom means vs virtue signalling on what you deem appropriate. The same people dancing in the streets that you commented about, will probably be the same people that would bear arms to protect Canad.

#9 Chimingin on 02.27.22 at 2:50 pm

#8 – The people you are talking about wouldn’t pick up a broom to defend Canada, they are already complaining loudly about ‘looking after themselves first’,. So, no. They’re too far up their own a**** to actually do that. I would bet money on it.

#10 dm2 on 02.27.22 at 2:50 pm

me too. tears.

#11 Søren Angst on 02.27.22 at 2:54 pm

Well written Garth, cannot add to what you say.

——————-

Used to work for US DOD as a subcontractor on the Stinger missile system (cannot say on what bits, sorry). THE reason the USSR left Afghanistan was that for over a year AT LEAST one aircraft of theirs was shot down EVERY DAY (jet fighters, bombers, helicopters, transports, etc.) = per US DOD personnel on the project. Stinger is difficult to defeat with flares etc. (cannot say why).

No aircover. Sitting ducks. And 365 MIN aircraft lost x $Y/each = good reason to leave. And so the USSR did.

Imagine what Stinger can do 30 years later?

500 of them are en-route to the Ukraine courtesy of Germany. I suspect Uncle Sam sending some to.

Fear not.

Without air cover the Russian army are nothing but sitting ducks. And they have decided to cluster around 2 cities.

Will make it just that much easier, sorry, but it will.

Add to that with a worthless ruble they will become in short order:

The Weimar Republic II

Then there will be civil unrest…

Russian losses just after a few days:
https://twitter.com/KyivIndependent/status/1497895706568237056

And now, the “good stuff” arrives from the EU, Brexit and Uncle Sam.

Expect this if Vlad persists:
https://twitter.com/Thunder_Owl/status/1497243100581818376

#12 Grumpy Panda on 02.27.22 at 2:58 pm

A friend of mine occasionally reminds me of his mother having to eat from garbage cans just after the second World War. She doesn’t complain about much here in Canada. When she and her husband arrived in Canada they went to get jobs their second day. They weren’t choosy.

#13 Sean on 02.27.22 at 2:59 pm

It’s sad to see all that happening, but Ukraine was setup by the US (see https://www.tabletmag.com/sections/news/articles/ukraines-deadly-gamble) and now innocent people on both sides will die in thousands.
While Putin is the one who pulled the trigger, that’s the game the US Democrats and neocons have been playing there both before and after Trump. This war is a success for globalists and neocons.

I wish it didn’t go that way, but I am not in charge.

Precious metal miners have been doing well and I suspect they will do even better. As for the rest of economy, I can’t to see how billions wasted on weapons and ammo, and more expensive energy can help. More inflation, more debt, lower profits, slower growth.

The “good news” is no meaningful interest rate increases in CY22. God help those who save in fiat currencies.

#14 old and happy on 02.27.22 at 2:59 pm

Wise words as usual. Especially poignant today- the world’s recent events showcases how amazing ignorant and self centered our “freedom convoys” really are.

#15 Søren Angst on 02.27.22 at 3:04 pm

PS:

For those of you enamoured by Russian losses and liking Tweets about singular video from people that GIVE NO CREDIT to the information source, to aggrandize themselves, HERE IS THE SOURCE:

https://www.instagram.com/ukraine_defence/?hl=en

or

https://www.facebook.com/UKRAINEDEF

Updated constantly.

Ya, some propaganda for sure. But if you like video war games well…

Regardless, how you know it’s not going well for Mother Russia and Vlad and WHY he wants to talk peace (besides his bank accounts frozen, stiff).

#16 Roc on 02.27.22 at 3:07 pm

#8 Freedom Lover

Well said.

#17 I’m stupid on 02.27.22 at 3:07 pm

I hope for the best but fear the worst.

Putin is old trying to cement a legacy. He suffers from napoleon syndrome if the world pushes too hard I fear what he’s capable of. If I had to rate willingness to push the nuke button I’d place Putin ahead of Kim jung Un.

I honestly believe Putin would sacrifice 1million Russians if it meant being remembered like Stalin.

#18 Prince Polo on 02.27.22 at 3:08 pm

What’s lost on the freedom protestor numbnuts of Canada is nuance and civic duty. Therefore, I’m not surprised that centrists are embarrassed about the “freedom” protestors actions while there’s a war raging in Eastern Europe. On the other hand, the Russian oligarchs should be 1000X more embarrassed about the evil man that they have hitched their privilege to.

I have found my charitable cause for 2022. It’s the least I can do and hope that the world rises up to protect the innocent:
https://www.redcross.ca/about-us/media-news/news-releases/red-cross-launches-ukraine-humanitarian-crisis-appeal

#19 Apocalypse NOW on 02.27.22 at 3:09 pm

“Ukraine invasion: Putin puts nuclear forces on high alert”

https://www.bbc.com/news/world-europe-60547473

Do not go into any major urban centres. Stay well away.

Tin foil will not help after a blast.

However, multiple cookie sheets or similar pieces of metal may help save you. Stock up at your local dollar store. No one else is doing this right now so there won’t be a rush.

https://www.youtube.com/watch?v=x48NGU4PIBM

PREPARE

#20 cmj6662 on 02.27.22 at 3:09 pm

#8 Freedom Lover
This truck convoy had a right to express their beliefs. They went too far when they carried the protest for almost 4 weeks. Our capitol city, Ottawa, was held hostage. Ridiculous!
With rights comes responsibilities and this was a poor example of how we express discontent in Canada. Yes, shame on them for allowing this image of Canada to become global. I was frustrated and ashamed
I am thankful that we have Garth who backs up many issues with facts and emotion. He is our blog :Zelensky” and he makes me proud to be a Canadian.

#21 Westsider on 02.27.22 at 3:10 pm

I think it would be good if some of the protesters in Ottawa could jump a ride to Kyiv and really learned what the loss of freedom looks like. I support them in their democratic right to protest, but there are worse things than a mask and a vaccination!!

#22 PeterfromCalgary on 02.27.22 at 3:14 pm

Both Canadians against mandates and Ukrainians against Putin’s invasion are fighting for freedom. The fact that the stakes are very much higher in the Ukraine is no reason to be ashamed.

I support the fight for freedom in bought countries while at the same time realizing what happens in the Ukraine is much more consequential and dangerous.

The more you seek to make that comparison, the more moronic you appear. – Garth

#23 A J on 02.27.22 at 3:19 pm

I agree with your sentiments completely. Watching Ukraine fight for freedom and democracy, alone, is the most heroic thing I’ve ever seen in my life. And meanwhile in Canada, we have people protesting so they don’t have to wear a mask in a grocery store. Shameful.

The real patriots in this country did what they needed to do to protect one another. Wore a mask and got vaccinated. The real Canadian Freedom Convoy are those Canadians out on the streets today standing up to REAL tyranny. Not the cry babies blocking trade routes and sitting in a hot tub in Ottawa for 3 weeks.

There was a man Yuri on the news yesterday. He used to be an economist before Russia invaded Ukraine. He’s now a volunteer solider defending Kyiv. And doing it in a mask, to boot. He makes the “Freedom Convoy” look like the embarrassment that it is. Shame on them all.

#24 Lefty on 02.27.22 at 3:21 pm

Zelenskyy and Klitschko are two of the finest, bravist politicians I’ve seen in my lifetime.

But Trudeau and Watson are great too /s

#25 Leftover on 02.27.22 at 3:22 pm

I do some business here and there, a tiny bit with the Moscow office of a global services provider. All ethnic Russians.

They are freaked, ashamed and, most important, angry. Putin will get clipped by insiders, not NATO.

#26 The West on 02.27.22 at 3:23 pm

What we are seeing play out here is nothing short of disturbing on a human level.

Hundreds (probably thousands) of videos surfacing on the internet of Russian “soldiers” who are defecting en masse. They say they were lied to, they were told they were shipping to Kursk for an exercise. They look like they haven’t eaten in days, haven’t slept in weeks and they are terrified. They are the young “throwaways” from Russia’s collapsed society.

There are videos surfacing of Russian tank crews dumping their petrol on the side of the road and parking their tanks on the side of highways in the wide open and then joking about it with civilians stopping to ask if they’d like a tow back to Russia.

There have been missile attacks, it is well documented. But there has been no carpet bombing of key cities like Kyiv or Kharikov. In fact, their electricity and internet are still fully operational. (Two EMPs the size of a suitcase could have ended that). There are reports Ukraine is still importing natural gas from Russia.

The Russian people are about to suffer worse than the 1990s thanks to all of this. Being removed from SWIFT hurts them a lot. It is reported now that the Ruble will be a non transferable currency (even China is refusing it I am reading), the citizenry of Russia is about to starve.

If I had to guess, I am thinking Putin thought he’d only have to kick in the door and the Ukrainians would line the streets and welcome him in with open arms. Terribly stupid, absolutely. But what else is to be made of this?

What we really have to contend with now is Putin’s nuclear arsenal. The CIA doxed the Russian military this morning but there is no word on the locations of their submarines. This is a really, really dangerous time.

Let us not overlook that Russia has been a failed state now for three decades. I know the narrative is that we must hate them. I am hoping that when this is over (and God willing over without a nuclear exchange) the western world moves in and begins a Twenty First Century Marshall Plan. Give Beijing the land east of the Urals and let them develop it. And for the sake of the future help the Russian people rebuild their country. They have been under gangsters and warlords since Gorbachev was run out in 1991. They need help.

#27 A J on 02.27.22 at 3:23 pm

#8 Freedom Lover on 02.27.22 at 2:39 pm

Your “Freedom Convoy” can’t even wear a mask in a grocery store and you think they’re going to take up arms to defend our country? LMAO

#28 Linda on 02.27.22 at 3:23 pm

War – or ‘armed conflict’ as some like to say – is such a waste. It destroys lives, livelihoods, infrastructure, society in general. I’ve no idea of why Putin decided invading the Ukraine was a good idea. Was the plan to destroy Russia’s economy as well as the Ukrainian one? Is this some kind of internal power play with the Ukraine as collateral damage? Whatever, here is hoping the conflict ends asap.

#29 Kanadian Citzen on 02.27.22 at 3:29 pm

DELETED (Anti-mask, anti-vaccine)

#30 PeterfromCalgary on 02.27.22 at 3:30 pm

DELETED (Anti-vaccine)

#31 T-Man on 02.27.22 at 3:31 pm

Willard “Mitt” Romney’s background in many ways suggests a man who was born to be president – disgustingly rich from birth, raised in prep schools, no early exposure to minorities outside of maids, a powerful daddy to clean up his missteps, and timely exemptions from military service. Rolling Stone- Aug.29/2012. How the GOP presidential candidate and his private equity firm staged an epic wealth grab, destroyed jobs- and stuck others with the bill. Feral indeed!

Why was that necessary? He’s 74, won’t run for president again and is a moral man. How do you rank in comparison, anonymous Internet guy? – Garth

#32 Brad on 02.27.22 at 3:36 pm

Why don’t we ship Trudeau over there? He’s good at breaking up national emergencies.

#33 T-Man on 02.27.22 at 3:38 pm

How did Mitt Romney actually make his fortune? By borrowing vast sums of money that other people were FORCED to pay back. Some role model.

#34 yuliya on 02.27.22 at 3:39 pm

and many of those fleeing take their pets with them… Poland, Hungary, germany and other EU states have eliminated pet passport and vaccination requirements just so people take their pets with them….

#35 Swanson on 02.27.22 at 3:44 pm

The other side of the world is burning, and some of my social network connections’ priorities are how the “convoy” faced “injustice,” or the inconveniences they face due to their own choice of not getting jabbed. I lost respect for a few individuals that I considered friends.

I must admit I thought it was funny that Ukrainians elected a comedian as their leader. Boy do I feel stupid now. Zelenskyy is now the leader the free world.

#36 Moose on 02.27.22 at 3:45 pm

@ Freedom Lover.
The fact that your comments are being published clearly shows that democracy and freedom are well evident.
Personally I totally disagree with your comments, but that is my freedom.
You cannot have freedom on the backs of other people. With freedom comes responsibility. That is what many protesters don’t seem to grasp.

#37 Another Deckchair on 02.27.22 at 3:47 pm

Garth,

I was living and working in the Netherlands in the 1990s. People of all ages remembered the war. I befriended a few older Dutch people; people who lived through the war; stories that still make my head shake in sorrow to this day. The young dutch men who were slaves to the war machine lost years of their life in the concentration-camp-factories; at least they lived, the Jewish were not so lucky.

The people of the Netherlands remember the war, and the evil that resides in some people (on ALL sides of conflict), and floats to the top when allowed.

My parents were pre-teen kids when WWII started, and both lived through it. COVID is nothing compared to death, destruction, and starvation.

I thought at the time that us Canadian kids (now 30 years older) know nothing about real life and death. That view has not changed.

The naive “Convoy Truckers” and “vaccine opponents” know nothing. They are to be pitied.

#38 T-Man on 02.27.22 at 3:48 pm

Let’s all excuse Mitt’s past indiscretions, it’s really between him and his God. Though his God has horns and a pitchfork.

#39 Dave from St.Thomas on 02.27.22 at 3:53 pm

Garth.

One of your better columns in awhile.

One item has me slightly confused…do the SWIFT Russian bank sanctions apply only to selected banks there or to their Central Bank as well?

Thanks. Regards.

Dave

#40 Leichendiener on 02.27.22 at 3:56 pm

“On Saturday I drove from the core of Toronto into a wall of protestors – a few thousand of them on Yonge Street – bedecked in Canadian flags and holding signs trashing vaccines, masks and the government.”

I wondered if there had been a demonstration. I couldn’t find it covered in the news.

#41 Joe on 02.27.22 at 3:57 pm

Dear God, calamity again!
It was so peaceful, so serene;
We had just begun to break the chains
That bind our folk in slavery
When halt! Once again the people’s blood
Is streaming …

#42 Yukon Elvis on 02.27.22 at 3:58 pm

The Kyiv [email protected]·15m“
The events of the last few days and weeks have shown us that a responsible and forward-looking energy policy is not only crucial for our economy and our climate but also crucial for our security,” Scholz said.this threadThe Kyiv

[email protected]·15m⚡️
German Chancellor Scholz announced on Feb. 27 that Germany will build two port terminals for LNG to reduce its energy dependency on Russia.

Perhaps Germany would be interested in Canadian natural gas?

#43 ogdoad on 02.27.22 at 3:59 pm

Garth, your comment on reflection I couldn’t agree more with. We are still a very divided world that is influenced and duped by the information we allow ourselves to absorb. This is dangerous to me. So is to think that diplomacy is the only way to resolution. Tell that to the many countries that are striving for houses, teslas and lawns or to people who have sipped from the cup of power and will do anything just for another taste…

This isn’t the only war, either. It just seems to be the one that is closest to our respective bubbles.

In my mind we have come so far too fast and our brains aren’t meant to absorb the information at this pace. This doesn’t have to do with war but it most certainly has to do with the awe we must all be feeling right now. It wasn’t long ago that the UK, for example, was traveling all over the world in search for wealth, exploitation and information. We’ve just forgotten. Netflix helps.

This is real. And in in all rational thoughts, its not the end. What’s important? And to what lengths will nations go to either gain or protect what’s deemed to be important?

Anyway, its a mind job to be sure.

Og

#44 Stlbstl on 02.27.22 at 4:00 pm

Agreed, really puts things into perspective. Even with high inflation, you can take a days wages and buy groceries for most of the week. Most of the world doesn’t have that luxury. 20$ cut of meat? Just over an hour of minimum wage. We’re soft.

#45 Kevin on 02.27.22 at 4:01 pm

100% bang on, Garth. I can’t stand this protesting clowns usurping the Canadian flag, crying out “freedom” because they have to wear a mask or show their vaccination status when going into a restaurant. Yet, ordinary people are fighting for and dying for self-determination, and freedom. It’s so messed up and disgraceful.

#46 Sail Away on 02.27.22 at 4:02 pm

Nobody should ever be ashamed to be part of a country where the right to protest is enshrined in law.

The protesters will put their lives on the line for this country just as readily as ‘ashamed’ non-protesters.

Diversity, not unacceptable views.

#47 yvr_lurker on 02.27.22 at 4:03 pm

Great post. Surely all the blog dogs here will share a common viewpoint. I put this on my FB yesterday:

“Winter on Fire” documentary from 2015 on Netflix, about the uprising in 2013. Needs to be watched by everyone given the current conflict. We stand with Ukraine and all citizens who desire their freedom, safety, and personal dignity. May the leadership in Russia and the entourage of oligarchs who support them ultimately face the wrath of their own citizens.

#48 Søren Angst on 02.27.22 at 4:03 pm

2 more developments in the past hour in Ukraine, 1 even scares me.

The Neutral Swiss after have been read the riot act by the European Union are freezing Russian bank accounts – just announced on Twitter (somewhere).
https://www.reuters.com/world/europe/very-probable-that-swiss-will-freeze-russian-assets-president-2022-02-27/
https://www.politico.eu/article/eu-hits-out-at-switzerland-after-government-drags-feet-on-russia-sanctions/

The scary one:
https://twitter.com/schengen_info/status/1498036486423388171
A part of that, EU COMBAT AIRCRAFT* to the Ukraine:
https://twitter.com/nexta_tv/status/1498035699399987203

The announcement is on Twitter but it’s 20 min long (Brussels EU HQ chatty).

*I wonder if the F-35s are on the list, ’cause I know Italia has a lot of them, other EU countries too.

#49 West Coast Girl on 02.27.22 at 4:10 pm

Thank you Garth for such a profound blog, and for putting things into perspective on what Freedom really means.

#50 Søren Angst on 02.27.22 at 4:10 pm

#42 Yukon Elvis

I saw that. It will take a couple of years but it’s the right thing to do. Russia cannot expect to walk away from they did and all things return to normal for them.

Hopefully Canada takes advantage of Germany LNG needs.

BTW Olaf to spend $100 Billion more on defence, to 2% of their GDP.

#51 crowdedelevatorfartz on 02.27.22 at 4:11 pm

@#102 Duh Duh Duh Dominos

“Pension envy is misguided and petty, financially illiterate jealousy at best. Most government workers contribute a huge chunk of cash to these plans, and contract negotiations routinely lower wages in exchange for keeping pensions more stable. Few in the private sector would make that sort of bargain, they just want all the money now. Good public sector pensions provide a bulwark against this natural, emotional type of money”

+++

Ahhh yes.
The poor poor underpaid govt employees that pay way more in than the govt contributes.
Sorry.
That “lower wage for a great pension down the road ” is horsesh!t”.

Teachers, nurses, policemen routinely earm 100k plus per year …far above the average private sector employee that doesnt have a GARANTEED GOVT Pension.
Then we look at all the other over paid BUREAUCRATS that push paper to and fro, emails, meetings, phone messages to each other to determine….they need more meetings.
Painful if it wasn’t so true.
I experience the fallout almost on a daily basis as a private contractor that must deal with the legions of lazy, arrogant, inept, stupid govt employees of all levels of govt.
Govt slugs and sloths unable to make a decision on the most simplest of tasks until they get an answer from other govt slugs that are incapable to making a decision.
I was not surprised at all that it took Canada 3 weeks to finally toss the Ottawa protesters out. Where a private land owner would have had then out in hours.

Job for life secure, unaccountable, overpaid, underworked….. slugs.
Quietly fire 50% of them and see if anyone notices a drop in the level of “service” these “civil” servants produce.
6 months later … fire another 50% of the remaining staff and you might, eventually, have a core group of necessary people required to do what the private sector could do with 25% of the people, twice as fast, for half the price.

#52 Summertime on 02.27.22 at 4:11 pm

There is nothing heroic or glorious in war.

An absolute and enormous tragedy with refugees as in world war 2, walking away towards safety with children in the winter, desperately needing humanitarian help. Find the closest Red Cross and do something about it.

Nuclear forces on high alert. Scary.

Yet that does not give the bankers excuse not to raise rates. Cheese and Cheddar up 30-40 % in the last few months.

Times to be humble, diligent and thoughtful, not politically correct to the degree of stinking.

#53 When Will They Raise Rates? on 02.27.22 at 4:13 pm

I supported the protests and opposed mandates and vaccine passports, but now that Russua has invaded Ukraine, I’m ashamed to have supported such nonsense. What was I thinking?

#54 erik mtl on 02.27.22 at 4:14 pm

@#8 Freedom Lover

In a society, freedom will always have constraints. A western liberal society doesn’t mean anarchy. If you’d like, please feel free to go live in the forest in northern Manitoba, no one is stopping you from doing anything there. If you freely throw a rock at a window, you will be charged and highly discouraged from doing it again. If one’s free actions start impeding on the freedom of others, then there will be pressure to make them stop these actions. People can dance freely on the street, stopping others from freely going to the store or come back from work. Eventually, society works it all out. There are countless immunocompromised people and their families who can’t fathom why people are against simple measures that only protect themselves and others. In this case, the anti-maskers etc. are rightfully being called out for their impatience, selfishness and immaturity. If anything, the amount of time and space they take up just shows the great degree of freedom we Canadians have.

#55 just a dude on 02.27.22 at 4:20 pm

Garth, excellent post.

Most people who’ve spent most of their lives in Canada haven’t a clue what true hardship is. As the first Canadian born child of an immigrant family who came to this country of great opportunity many decades ago, I include myself amongst those who haven’t a clue.

I’m grateful for all we have.

To those who continue with these inane protests, give your heads a shake and try to see a tad further than the ends of your noses. Some gratitude for all we have might help you lead happier, more fulfilling lives.

Heartfelt thoughts to everyone affected by the cowardly lunatic in Russia.

Garth, as always, thank you for what you do.

#56 Zed on 02.27.22 at 4:22 pm

1500 ukrainians are demonstrating downtown Montreal this afternoon, blocking traffic, making noise and waving foreign flags; should we send in the riot police and the horses, freeze their bank accounts?

We are free to express our opinions in Canada and that is what Canada is!

If all the demonstrations that are “acceptable” in Canada are the ones done quietly in your own livingroom, that is sad.

The folks today protest war, death and invasion. The Truck People? They wanna order Big Macs without a mask. And for that they laid siege to a city for a
month and closed down international trade. – Garth

#57 crowdedelevatorfartz on 02.27.22 at 4:25 pm

I was just checking the Russian Ruble on the currency markets and it seems to be sitting at 65/ canuck buck.

What happens to its currency on international exchanges if SWIFT shuts everything down?

If no one can buy, sell or trade it outside Russia….is it worthless?

It will likely be pegged. As in Soviet days. – Garth

#58 Chris on 02.27.22 at 4:28 pm

A few of my Facebook acquaintances seem to support Russia. From what I gather, they think it’s all part of some master plan. I guess those wacko websites that have alternative news seem to be oppose anything the mainstream supports and some people are falling for it.

#59 George S on 02.27.22 at 4:34 pm

Excellent column today. Agree 100% (as usual).

I sort of feel we should change the flag after it has been sullied by being used as a symbol of the convoy of fools. People that don’t want to have consequences for their behaviours. That is really what they are whining about. I don’t think you can call the protests in Canada protests, they should be called “whines”

#60 Søren Angst on 02.27.22 at 4:34 pm

Like EVERYONE else here that invests, tomorrow will be GLUED to the Finance sites to see what shakes out of the Russian bans.

Have dividends to reinvest but not doing anything until Mr. Market reacts.

Maybe not so bad?

Nikkei 225 past 12 months down 10.74%.

Today:

+1.95%
Feb 25, 3:15:02 PM UTC+9

All are up in Asia save the HSI.

Expect the unexpected?

#61 Boomer on 02.27.22 at 4:36 pm

The folks today protest war, death and invasion. The Truck People? They wanna order Big Macs without a mask. And for that they laid siege to a city for a
month and closed down international trade. – Garth

It was for much more than that and you know it.

Actually, that was exactly it. They want what the vaccinated have. Too bad. – Garth

#62 Elon Fanboy on 02.27.22 at 4:36 pm

Well at this point I’m not believing anything I’m seeing on Social media or the news.

Everything is hyped into viral oblivion, with no fact checking or verification.

Turns out the Snake Island massacre may be fake news.

https://www.washingtonpost.com/national-security/2022/02/26/ukraine-russia-snake-island/

The fog of war.

Oh, so Russians are not invading Ukraine? – Garth

#63 When Will They Raise Rates? on 02.27.22 at 4:37 pm

The folks today protest war, death and invasion. The Truck People? They wanna order Big Macs without a mask. And for that they laid siege to a city for a
month and closed down international trade. – Garth

Some of them just want to be able to get on an airplane and see their loved ones… or be able to keep their job so they can pay their mortgages and feed their kids.

So, get vaccinated like the rest of us. It’s their choice to surrender privileges when they eschew responsibility. – Garth

#64 50 YEARS OF MAPLE LEAF INCOMPETENCE! on 02.27.22 at 4:40 pm

DELETED

#65 Grass is always greener! on 02.27.22 at 4:45 pm

But please take some time to reflect on what’s happening there, and the relative peace, predictability, serenity and calm of your own life.

————–

Sometimes you make naive assumptions like this, based on your own perspective and personal situation. Your average gullible reader will praise you for your apparent deep thinking. Some of us who have no predictability, serenity or calmness strongly disagree.

Some would gladly exchange their situation for life in Ukraine today! I for one.

#66 Søren Angst on 02.27.22 at 4:46 pm

It will likely be pegged. As in Soviet days. – Garth

Internally Garth.

$US to exchange externally.

https://www.wsj.com/livecoverage/russia-ukraine-latest-news-2022-02-26/card/ixu3FdekQ4efRAjnCkJ2

“Several banks on Sunday quoted that it would require between 100 rubles and 150 rubles to buy $1, a sharp rise from its close of about 84 rubles to a dollar on Friday, according to investors who trade in Russian markets.”

“I think it’s gonna be a bloodbath,” said Paul McNamara, an emerging-market fund manager at GAM. “It’s very hard to see who is going to come in tomorrow and buy Russian assets.”

Friday:
https://www.cnbc.com/quotes/RUB=

#67 Km on 02.27.22 at 4:46 pm

Well said.
Ashamed is right.
Hopefully all countries won’t let this stand and take care of this maniac, it will set a grave precedent if they do not.

#68 erik mtl on 02.27.22 at 4:49 pm

@ #61 Boomer

ok boomer.

Would you mind stating what else the protest was for then?

#69 gfd on 02.27.22 at 4:51 pm

Russia is one old gas station masquerading as a country. They have some raw materials, all right. But all they do is oil and gas. The way to get at them is to open spigots wide. Drill, drill, drill, build pipelines get the world price down, and this is where Biden made the enormous mistake and has handed Putin on a silver platter a lot of financial power. The example in a bit of history. When oil prices got to US$150/barrel, in 2008, Putin took Georgia. Then oil prices in 2014 got back to a US$100/barrel Putin took Crimea. Then with the fracking revolution that started under Obama even though he opposed it, and continued under Trump’s administration for energy independence, oil prices were low some US$20, 30, 40, 45 maybe a 50 bucks/barrel, you never heard of Putin. In the past year, the oil has jumped from US$50 to $100 dollars and Putin has made about 85 billion dollars in profit from that and he is using that money to finance the war in Ukraine. The moral of the story is open the spigots, Biden is doing the exact opposite, attacking the oil industry. Trump was right again!
Biden’s administration is doing everything to help Putin rather than hurting him. Put sections on all commercial banks, sanction the central bank, that will hurt a lot, but ultimately pour it on. The US can produce 15 million barrels a day, but because of Biden’s policy, they are producing only 11.5 million now. You do that, the gasoline prices will come down, the world crud will come down, Putin loses money, got stuck in Ukraine, it will cost him a lot more money than he thought it would, that’s the way to go after him. Reinstate Keystone Pipelines, reinstate drilling in Alaska. Do not close down the principal source although keep developing renewables, otherwise, you are handing a profit to Putin and he uses these funds for his demonic ambitions. Just drill, drill, drill.

#70 Søren Angst on 02.27.22 at 4:52 pm

#62 Elon Fanboy

Why Elon diverted Starlink sats to Ukraine.

‘Cause it’s all fake.

Drop Elon a line an give him your thoughts. Tell him it’s fake AND that you, know better.

#71 Midnights on 02.27.22 at 4:53 pm

DELETED

#72 GB on 02.27.22 at 4:53 pm

Brilliant again Garth.

Bravo.

#73 When Will They Raise Rates? on 02.27.22 at 4:56 pm

So, get vaccinated like the rest of us. It’s their choice to surrender privileges when they eschew responsibility. – Garth

Except they’re not eschewing responsibility because the vaccines don’t stop infection or transimission. The mandates and passports are useless and unjustified.

The mandates and passports are kept in place by a petty ego-maniac who is intent on punishing those with unacceptable views… Or is there another more nefarious reason for keeping them in place, like, I don’t know, maybe a communist social credit system?

You are unbalanced. Seek assistance. – Garth

#74 under the radar on 02.27.22 at 4:57 pm

Hard to believe the brutality of Putin and the bravery of the Ukrainians’. Putin miscalculated the reception he would receive; this invasion could be his undoing.

#75 C 340 on 02.27.22 at 4:57 pm

You are creating long lasting animosity between Canadians. Why?

#76 Damifino on 02.27.22 at 4:58 pm

#63 When Will They Raise Rates?

Some of them just want to be able to get on an airplane and see their loved ones… or be able to keep their job so they can pay their mortgages and feed their kids.
—————————————

So, get vaccinated like the rest of us. It’s their choice to surrender privileges when they eschew responsibility. – Garth
—————————————

BINGO!!

#77 Looking Up on 02.27.22 at 5:01 pm

Freedom Lover on 02.27.22 at 2:39 pm
Unbelievable. I disagree wholeheartedly with your premise. You don’t accept or respect the views of fellow Canadians and make an ersatz comparison between Canadian rights and freedoms to Ukranians? Given your presence on the internet and thousands of followers, you should bear some responsibility in publishing unbaised divisive articles. The folks dancing in the streets and singing do so because they are free. Not because they are against you or Ukrainians.

I believe you have lost perspective on what freedom means vs virtue signalling on what you deem appropriate. The same people dancing in the streets that you commented about, will probably be the same people that would bear arms to protect Canad.

—————

Oh gag me with a spoon.

A bunch of inconvenienced losers are protesting against wearing masks and taking a vaccine that protects you and others from a horrible virus. And last time I looked it was not mandatory to take the vaccine. This is no different than the UK protests before the no smoking in restaurant and pub laws went into effect.
“smoking in pubs is our right. These anti-smoking laws are a threat to our democracy and freedoms”

Garth is absolutely right. It is humiliating to watch these “freedom” convey losers blubber, while watching what is unfolding in the Ukraine and see what it is really like to have your freedom and country taken from you.

#78 erik mtl on 02.27.22 at 5:04 pm

@#74 C 340

Who is?

#79 Freedom First on 02.27.22 at 5:09 pm

#8 Freedom Lover

Well said.

Freedom First

#80 Yukon Elvis on 02.27.22 at 5:09 pm

Sweden will send, among other things, 5,000 anti-tank weapons to Ukraine to help it defend against Russian aggression.
“Sweden is now proposing direct support for Ukraine’s armed forces,” Prime Minister Magdalena Andersson said on Sunday, Reuters informs.

https://www.ukrinform.net/rubric-ato/3415150-sweden-to-send-5000-antitank-weapons-to-ukraine.html

#81 Slim on 02.27.22 at 5:10 pm

If the hooligans and misfits of the Karen conspiracy protesters want to fight against real tyranny and oppression, then they should head over to Ukraine to fight the Russian invaders. Zelensky said they would take just about anybody.

However, I have a feeling once the bullets start flying they would be the first to turn tail and run away.

#82 David on 02.27.22 at 5:19 pm

Well Articulated!!! I am ashamed too!!! Donated to the Red Cross this morning and will continue until the Ukrainians know peace and freedom again.

#83 A J on 02.27.22 at 5:22 pm

#65 Grass is always greener! on 02.27.22 at 4:45 pm

If that’s the case, put your money where your mouth is. They’re looking for conscripts. Let me know if you need help packing!

#84 jess on 02.27.22 at 5:25 pm

financial nuclear bomb
Will people’s savings in the Russian currency be 1/2 in value? omg!

BANK OF RUSSIA FOREIGN
EXCHANGE AND GOLD ASSET
MANAGEMENT REPORT
https://cbr.ru/Collection/Collection/File/39685/2022-01_res_en.pdf

#85 C 340 on 02.27.22 at 5:27 pm

The host, who I love.

#86 A J on 02.27.22 at 5:28 pm

#56 Zed on 02.27.22 at 4:22 pm

You can’t be serious! People protesting war for an afternoon versus people occupying our capital for three weeks to protest mandates and you can’t see the difference? Give your head a shake!

#87 jess on 02.27.22 at 5:32 pm

Putin has lost any creds”

So how does he save his face ?

Will he step down and retreat into his palace?

#88 Yukon Elvis on 02.27.22 at 5:39 pm

Game changer if true:

FROM AFP NEWS
EU Countries To Send ‘Fighter Jets’ To Ukraine: Borrell
By AFP – Agence France Presse
February 27, 2022
Order Reprints

EU countries will send “fighter jets” to Ukraine at Kyiv’s request to help it counter the Russian air and land assault, the bloc’s foreign policy chief Josep Borrell said Sunday.

“We’re going to provide even fighting jets. We’re not talking about just ammunition. We are providing more important arms to go to a war,” he told a press conference.

https://www.barrons.com/news/eu-countries-to-send-fighter-jets-to-ukraine-borrell-01645994409

#89 When Will They Raise Rates? on 02.27.22 at 5:41 pm

You are unbalanced. Seek assistance. – Garth

What valid scientific reason is there at this point for keeping the mandates and passport? I have yet to hear a convincing argument in support of them, but I do hear a lot of ad hominems and strawman arguments from the left, as usual.

Sheesh. Read the news. It’s so over. – Garth

#90 AM in MN on 02.27.22 at 5:42 pm

Canada will ride this out fairly unscathed, but some ups and downs for sure. The world needs the basic food and commodities that Canadian businesses produce.

My guess is that the SWIFT issue will be bigger than some assume because of counterparty risk, amplified by crazy levels of derivative gambling. Think Lehman! The CBs will print ever more to pump liquidity into the system.

If a Russian Bank can’t pay back dollar denominated loans, what happens to the Western Bank on the other side of the trade?

Garth, I don’t understand your feelings about people who want freedom. You are lucky to work in an industry that that thrived with all of the money printing during the pandemic. What if you owned or worked in one that suffered because of the government shutting down people’s lives and taking their basic freedoms? What if you had children or teenagers with serious problems now because of the unnecessary and unjustified assault on their lives over the past two years?

You should feel shame at the people who tore your flag down last summer.

If Canada faced a situation like Ukraine, it would those who you urban liberals despise who would be fighting for all of our freedoms, not the wokesters who tear down flags and spit on the history of the nation.

#91 DON on 02.27.22 at 5:42 pm

A couple months ago I watched a documentary on Hilter’s rise to power and the slow step by step inching towards WW2. Basically the West was to broke to move on Hilter as he built is army in secret. When he struck…the West was unable to respond till much much later.

There is no doubt Russia is in Ukraine. The misinformation associated with war is clouding the picture and politicians are running amuck with their sabre rattling. Wars have been started by less. What’s going on behind the scenes?

Russia has been buying gold the last few years…in prep? China is a back door for Russia and has it is own agenda. Maybe the US departure from Afghanistan emboldened Putin and Xi…who could care less about economic disruption as it weakens their adversaries. While good people suffer.

Inching towards war?

#92 crowdedelevatorfartz on 02.27.22 at 5:42 pm

@#87 jess
” So how does he save his face ?
Will he step down and retreat into his palace?

++++

It’s gone way past that.
He wont save face.
He’ll be lucky to keep his head.

I predicted several years ago on this blog that eventually the people of Russia would rise up against Putin’s ruthless dictatorship and dance around the Kremlin with his head on a pike.

I still stand by that comment.

#93 In Dog We Trust on 02.27.22 at 5:55 pm

If the Ruskies continue to fall then the end of Putin has arrived… If the end of Putin has come then so too has the end of TRUMP… There is some good in all of this while my heart weeps for the Ukrainian people in their current battle… further good is that history will remember their fight as an inspiring re-telling of a David and Goliath story… Supposed Canadian freedom fighters,,, what a joke…

#94 cuke and tomato picker on 02.27.22 at 5:56 pm

We went down to the to attend the the protest against
the Russian invasion of the Ukraine at the B.C.
Leg today. A very gentle quiet group of citizens showing their support of the Ukrainian people. A very concerned looking group as well as some with tears. It was heartbreaking .Who will stop this monster from making innocent people suffer beyond what anyone of us in Canada can visualize.

#95 KLNR on 02.27.22 at 5:58 pm

those folks in the ‘freedumb’ convoy are maybe a little too proud of their ignorance. Not a good look.

#96 Wrk.dover on 02.27.22 at 5:59 pm

Tucker Carlson sure has messed up many heads in steerage!

#97 Ponzius Pilatus on 02.27.22 at 6:00 pm

# 103 BB
Weirdest invasion ever.

But a humiliated Putin is perhaps the most dangerous version of all…
——————–
Agree, something is weird.
The Ukrainian President is either a very, very brave man, or who knows what.
My feeling is that Putin is holding back.
There’s talk about some cease fire or some negotiating going on.
Pretty fluid situation, for sure.
The Western Media obviously have no clue.
Showing endless same pictures of Ukraine women in red dresses bearing semi-automatic weapons.
Or how often can you bomb the same apartment?
But BB is right: 
Hell has no fury like a Putin spurned.
Or, Don’t poke an injured bear.
Let’s just hope, cooler heads will prevail.

#98 Observer on 02.27.22 at 6:03 pm

#8 Freedom Lover on 02.27.22 at 2:39 pm
Unbelievable. I disagree wholeheartedly with your premise. You don’t accept or respect the views of fellow Canadians and make an ersatz comparison between Canadian rights and freedoms to Ukranians? Given your presence on the internet and thousands of followers, you should bear some responsibility in publishing unbaised divisive articles. The folks dancing in the streets and singing do so because they are free. Not because they are against you or Ukrainians.

I believe you have lost perspective on what freedom means vs virtue signalling on what you deem appropriate. The same people dancing in the streets that you commented about, will probably be the same people that would bear arms to protect Canad.
#79 Freedom First on 02.27.22 at 5:09 pm
#8 Freedom Lover

Well said.

Freedom First

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

Not well said. Talk about embarassing.

#99 Observer on 02.27.22 at 6:04 pm

#90 Am in MN

Garth, I don’t understand your feelings about people who want freedom

^^^^^^^^^^^^^
That is because you don’t realize you are free.

#100 XEQT and Chill on 02.27.22 at 6:04 pm

Completely agree Garth.

People need to get over the bloody covid rules. A tiny democratic nation next to a giant country ran by an evil dictator is showing us the actual meaning of fighting for freedom. People having temper tantrums in the streets about wearing surgical masks need to seriously get a hobby that doesn’t piss off the rest of society.

#101 gfd on 02.27.22 at 6:07 pm

SWIFT is a reporting information and communication system only. It’s not a payment system. SWIFT replaced the old Telex many decades ago. It tells what transactions are going to happen, and where and how, so to give instructions. But it is not a money transfer thing. It’s good that the world has decided to exclude them from it because it makes life a little harder for the Russian Central Bank and Russian Commercial banks, but ultimately sanctioning the Russian Central Bank is THE ABSOLUTE brutal blow so they cannot accept payments.

#102 Observer on 02.27.22 at 6:08 pm

#77 Looking Up on 02.27.22 at 5:01 pm
Freedom Lover on 02.27.22 at 2:39 pm
Unbelievable. I disagree wholeheartedly with your premise. You don’t accept or respect the views of fellow Canadians and make an ersatz comparison between Canadian rights and freedoms to Ukranians? Given your presence on the internet and thousands of followers, you should bear some responsibility in publishing unbaised divisive articles. The folks dancing in the streets and singing do so because they are free. Not because they are against you or Ukrainians.

I believe you have lost perspective on what freedom means vs virtue signalling on what you deem appropriate. The same people dancing in the streets that you commented about, will probably be the same people that would bear arms to protect Canad.

—————

Oh gag me with a spoon.

A bunch of inconvenienced losers are protesting against wearing masks and taking a vaccine that protects you and others from a horrible virus. And last time I looked it was not mandatory to take the vaccine. This is no different than the UK protests before the no smoking in restaurant and pub laws went into effect.
“smoking in pubs is our right. These anti-smoking laws are a threat to our democracy and freedoms”

Garth is absolutely right. It is humiliating to watch these “freedom” convey losers blubber, while watching what is unfolding in the Ukraine and see what it is really like to have your freedom and country taken from you.
^^^^^^^^^^^^^^

Indeed. Beyond embarassing. No clue how fragile democracy is nor that they are actually attacking it.

#103 David W2 on 02.27.22 at 6:09 pm

Well said Garth. Your words and the picture brought tears to my eyes.

#104 Satori on 02.27.22 at 6:15 pm

#23 A J on 02.27.22 at 3:19 pm

Well said!

#105 NOSTRADAMUS on 02.27.22 at 6:16 pm

SANCTIONS AND MORE SANCTIONS.
Good for Canada, taking 5 Russian brands of vodka off the LCBO shelf. Next thing, they’ll be sending the 50 year old Snow Birds over to lend a helping hand. A few facts that our local investigative reporters have missed. (1) The Russians have a war chest of $635billon set aside. (2) A GDP of 18%, one of the lowest in the world. (3)They have a monopoly on most of the worlds known precious metals. (4) The Ukraine is the bread basket of Europe, 30% of the wheat and 20% of the corn comes from this area. (5) Gas and oil, 40% of the gas and oil servicing Europe comes from Russia. Resulting in 700 million dollars a day going into the Russian coffers (6) While the west was demilitarizing, Russia was rearming. (7) Putin has a track record of being very conservative, and their banks are well funded. I guess we will see who says uncle first. My best guess, the Ukraine, much like the Crimea (2014) will be handed over on a silver plate Sleep tight my little beauties. little beauties.

#106 Observer on 02.27.22 at 6:18 pm

Sad picture today Garth. The dog’s eyes say it all.

#107 Observer on 02.27.22 at 6:28 pm

The minority who think Trudeau overstepped with the EA and and those who support the so-called Freedom Trucker Convoy 2022 aren’t just misinformed, they are a threat to the majority of Canadians who understand that although not perfect, our democracy must be protected, not attacked.

#108 willworkforpickles on 02.27.22 at 6:30 pm

Russia has a system for transfer of financial messages known as SPFS they will broaden away from SWIFT. They will further develop and utilize this system in conjunction with other countries that have not imposed sanctions on them. China is one. China also has their own payments system set up to rival SWIFT known as the Cips system. India has been setting up a rupee payment mechanism for trade with Russia in anticipation of Western sanctions being imposed on Russia … even including a potential expulsion from SWIFT which has now happened for the most part.
Russia can still utilize phones, messaging apps and email along with fast emerging messaging systems with other countries around the globe to gradually ease the impact of being booted from SWIFT.
Even Europe, initially opposed to barring Russia from SWIFT as 80 percent of its trade is with Russia, will eventually move to an alternative system away from SWIFT .
All of this in effect leaves the US dollar in a precarious state, as a speeding up of the upending of the dollar as the worlds primary reserve currency has begun.
Now a replacement primary worlds reserve currency set in motion is evolving.
Too many world stage majors involved for it not to happen now. Not to mention a growing slew of lesser nations wanting it also.
The world has had it with living under the threat of sanction power bound to the US dollar.
The catalyst to eventually abandon SWIFT and upend the dollar has been set by the Russia Ukraine conflict.
This is happening and the dunderheads in control on this continent have sealed it.
What could have been done to preserve SWIFT and the US dollar, is the same as what can be done with inflation now. When things get too far because of reckless and corrupt mismanagement, any and all, easy and painless solutions are gone for good.

So now German Chancellor Olaf Scholz is committing 100 billion euros to a special fund for its armed forces.

So many questions why Putin is doing what he is doing.
And so many wannabe experts all with the wrong answers.

As i said here in a previous post , Putin is restoring the old soviet buffer zone between Europe/Nato and Russian soil.

What effect will the eventual loss of dollar supremacy have here?
For openers: No more cheap money at anywhere near today’s corrupted low rates … not near today’s rates by a very long shot.

#109 ogdoad on 02.27.22 at 6:31 pm

“The folks today protest war, death and invasion. The Truck People? They wanna order Big Macs without a mask. And for that they laid siege to a city for a
month and closed down international trade. – Garth”

:-:-:-:-:-:-:-:-:-

G, you’re so efficient in your smack-downs! I almost slipped off my posture chair.

Og

#110 Satori on 02.27.22 at 6:32 pm

Great post Garth!
Sweetest dog picture, such expression…breaks my heart.

#111 KrisTea on 02.27.22 at 6:34 pm

The dogs emotion mirrors my own.
I hope the Ukraine’s heart breaking situation causes one to reflect on the beautiful country we live in, & the freedoms we are blessed with. Living in a democracy allows us to express our opinions and make personal choices, but not at the expense of others health and wellbeing. This is where rule of law comes into play. This is what makes people proud and have a desire to be a part of the Canadian mosaic. Not perfect by any means, but a young country inspired by ‘welcoming others into the fold, doing what we can to make amends when we have wronged others (and sometimes even when we haven’t “sorry” ) I believe we are learning as we age and grow . My heart aches for Ukraine and all its inhabitants .

#112 Doug t on 02.27.22 at 6:35 pm

Putin has his finger hovering over the BIG red button – he aint goin down without fireworks of some sort – unless someone pops a cap in his ass

#113 T-Man on 02.27.22 at 6:38 pm

Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.

“The New Freedom : A Call For the Emancipation of the Generous Energies of a People” by Woodrow Wilson, (p. 13), 1913

#114 PeterfromCalgary on 02.27.22 at 6:38 pm

I worried about Putin’s grasp of reality. All he has succeeded so far with this invasion is uniting most of the world against him, strengthening NATO and putting his friend’s and his own stolen money at great risk. Still he is pushing on.

I hope I am wrong about his mental health because someone who may be delusional having access to nuclear weapons is scary. Putin has put his nuclear force on alert so this is now an existential risk.

PS: Garth I appreciate all the work you put into this free blog.

#115 Blobby on 02.27.22 at 6:39 pm

Even if Covid totally disappeared tomorrow, I’d still be in favor of passports, if it meant not having to sit next to people like #89 “when will they raise rates”.

Besides, do we have scientific proof that Cowardliness and selfishness isn’t contagious?

#116 FriedEggs on 02.27.22 at 6:44 pm

Squirrel!

#117 Chris L. on 02.27.22 at 6:47 pm

BANNED

#118 millmech on 02.27.22 at 6:50 pm

Now you are a true Canadian Garth, no more having to have our leader cry for you on your behalf. It is a way of life here in Canada.
Are we allowed to start cancelling the Russians in Canada, you know because they are now doing it in the USA.
/www.msn.com/en-ca/sports/nhl/reports-hasek-calls-for-nhl-to-immediately-suspend-contracts-for-all-russian-players/ar-AAUm1os?ocid=msedgntp
I feel sorry for anyone who donated in any way to a Russian cause because you will most likely be looked at for supporting a terrorist state.

#119 Reality is stark on 02.27.22 at 6:54 pm

I realize that a few hundred thousand soldiers normally die in confrontations such as this.
But that is not the real question you need to ask yourself.
The only way sanctions work is to continually tighten the noose. You need to prepare mentally to allow 50 million Russians to starve to death as a result of outrageous sanctions and blockades with the full strength of enforcement by NATO armies. Do not allow any Russian planes or merchant ships into or out of the country.
They will be forced to deal with China. China will pay them a quarter of the world price for Russian commodities.
Putin believes that European world leaders are too weak to watch his people starve to death.
It is the only way to effect regime change in Russia.
The west has to be ruthless.
After all the end game is to democratize Russia and knock on the door of the CCP.

#120 Ordinary Blog Dog on 02.27.22 at 6:55 pm

Garth,

“When Will They Raise Rates” is a lost cause, they have made up their mind and it is not going to change. Interacting with him/her is a waste of time. If they could discern, filter and understand the news; they would have a different view. Can’t use logic with them, if logic worked they would have a different view. Soon he will be able to eat his Big Mac …

#121 Grunt on 02.27.22 at 6:57 pm

Imagine what it was like here when WWI or WWII broke out.

Wonder if T2 realizes what he’s gotten himself into? Canada’s an unimportant country no need for troops there. But too late now. Close our airspace to Russia and take Ukraine refugees.

Bidens like FDR at the start.
Doubt the British FO care much about the Ukraine. Churchill gave half of Poland to Stalin.
They will be far more interested in neutralizing Putin.
Ukraine will have to become a quagmire in the best interests of its neighbors.

Nothing must be easy for Putin. When he falls. Trial and prison.

#122 Arm chair economist on 02.27.22 at 7:00 pm

Fascinating to see the world’s response and the geopolitical re-alignment occurring.

China made major trade deals with Russia to import wheat and Barely. On top of 2022 trade deals on major gas imports from Russia. Photo opps of leaders being BFFs. Russian invasion happens, China refuses to object, and even insinuates it is the fault of the west. This was a litmus test for them. Turns out to be a different PH than they thought. They now have some explaining to do. Going to get awkward for them.

The internet, which so often separates and divides society just became a world wide binding agent. Incredible. Russia got canceled.

Putin just made the biggest strategic error in this century. China just made the second biggest strategic error.

Any country with a supreme leader for life is bound to eventually fumble hard.

#123 Chris L. on 02.27.22 at 7:01 pm

BANNED

#124 the Jaguar on 02.27.22 at 7:03 pm

In 1985 Sting wrote ‘If the Russians love their children too..”

Recently returned from a beach vacation where the place was full of Russians I can provide testimony, under oath, that indeed they do. Madly. And they seem to be more well behaved. ( the kids, not the parents, lol).

This is probably my last post. Garth is likely to delete or ban me. Understood. But someone has to offer up the alternate point of view. Slings and arrows. That kind of thing.

All of this could have been avoided. Some lessons just never get learned. Exactly why does the United States of America have more than 700 military bases through out the world? Just respond to that . Seriously.
https://www.youtube.com/watch?v=sZwFm64_uXA

On that recent beach holiday I watched a flick called ‘ The Edge of War’, which paints a completely opposite view of what history painted during most of my lifetime. ( Neville Chamberlain).

It’s funny how the ‘actual facts’ seem to come out so much later. Popular narrative thingy.

I’ll end this with an excerpt from a post from Dmitry Orlov, who has lived half of his life in the USA and the other half in Russia. The full link to his post provided below.

Garth has often suggested that the smart move is to ‘ Live quietly among the masses’. There is really little choice. A new chapter begins anyway. The recall horn was just sounded.

In addition to the excerpt/ link to the article I would recommend the following:

The Passenger is a 1938 novel by Ulrich Alexander Boschwitz – available April
2022 via Amazon.

“People who are now speaking out against Russia’s military action in the Ukraine need to answer a simple question: Where have you been for the last eight years while the carnage in Donetsk and Lugansk was going on, while people were being burned alive in Odessa, while the Ukrainian government organized terrorist operations on Russian territory and while the entire Ukrainian population has been forced to kowtow to Americans and to speak Ukrainian, most often against its will? If your answer is “I didn’t know” then you have forfeited your right to an informed opinion on what’s happening there now. ”

Link:
https://thesaker.is/the-situation-in-the-ukraine-predictions-vs-reality/

auf wiedersehen

#125 T-Man on 02.27.22 at 7:05 pm

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities, are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world – no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”
Woodrow Wilson

#126 Mark on 02.27.22 at 7:06 pm

#8 Freedom Lover: Garth isn’t the one who has lost perspective here. Also I really don’t think you understand why he feels shame. which is quite unfortunate and sad.

#127 Gen Z on 02.27.22 at 7:09 pm

Oil, gold and gas are going up tonight at the Far East stock market trading. Inflation is coming.

#128 In Dog We Trust on 02.27.22 at 7:15 pm

Putin may have a way to come out a touch cleaner than he otherwise will… Spill the beans on everything he and TRUMP ever had together… Tell the whole story about their taking down a few notches the entire modern day America… Further entrenching the 45 guy as the worst mistake the country ever made…

#129 Ponzius Pilatus on 02.27.22 at 7:20 pm

#118 millmech on 02.27.22 at 6:50 pm
Now you are a true Canadian Garth, no more having to have our leader cry for you on your behalf. It is a way of life here in Canada.
Are we allowed to start cancelling the Russians in Canada, you know because they are now doing it in the USA.
/www.msn.com/en-ca/sports/nhl/reports-hasek-calls-for-nhl-to-immediately-suspend-contracts-for-all-russian-players/ar-AAUm1os?ocid=msedgntp
I feel sorry for anyone who donated in any way to a Russian cause because you will most likely be looked at for supporting a terrorist state.
———————————
Yeah, that’s the real part of war.
Former friends become enemies, because everybody just worries up themselves and their families.
Hasek, being a Cheque obviously has some issues with Ovi being a proud Russian.
Sure, let’s just ban all the Russian hockey players, and then watch the NHL going to the dogs.

#130 Warren-the-lagging_indicator on 02.27.22 at 7:24 pm

As I posted on here before, the Russians and China already have a SWIFT alternative ready to go; so the threat is a obvious bluff as nat gas shipments to western Europe would stall for lack of payment and force the implementation of the new system. I see they are trying to be tactical about it, but I doubt the pressure will work.

#131 Ustabe on 02.27.22 at 7:25 pm

#117 Chris L. on 02.27.22 at 6:47 pm

BANNED

Thank you.

“Brandolini’s law, also known as the bullshit asymmetry principle, is an internet adage that emphasizes the difficulty of debunking false, facetious, or otherwise misleading information: “The amount of energy needed to refute bullshit is an order of magnitude larger than to produce it.”

#132 canuck on 02.27.22 at 7:28 pm

So, get vaccinated like the rest of us. It’s their choice to surrender privileges when they eschew responsibility. – Garth.
______________________________________________

This is Garth’s version and explanation of “Freedom”. If you want the privilege of traveling freely in your own country, you have to subject yourself to a vaccine that’s been tested for 10 years and never approved until COVID… and still won’t stop the transmission… and then ridicules his fellow countrymen for illegally parking and setting up bouncy castles, BBQ’s and hot tubs in front of the Parliament buildings. A city under siege, indeed.

When faced with adversity, the Ukrainian President puts on protective clothing and picks up a weapon, Trudeau goes into hiding at the sight of trucks that blocks off few roads… and you Garth, supported that saying no leader in their right mind would meet with these people. Zelenskyy is willing to fight for his country.

The Americans offer Zelenskyy safe passage out of the Ukraine and he replies, “I don’t need a ride, I need weapons”. Trudeau when faced with angry truckers says “I have COVID and have to go into hiding”. That’s our “leader”. LOL

Get over yourself. We are now laughing at you. – Garth

#133 Eyeguy on 02.27.22 at 7:34 pm

Why Has Russia Invaded the Ukraine? I found this 31 minute video balanced and informative. I pray the Ukrainian people can continue to resist the aggression.
https://www.youtube.com/watch?v=If61baWF4GE

#134 millmech on 02.27.22 at 7:38 pm

/www.dw.com/en/germany-commits-100-billion-to-defense-spending/a-60933724
The Germans will now be directly supporting the Ukrainian military, and spending a massive amount to arm up their own military.

#135 Mashka on 02.27.22 at 7:39 pm

Canadian still can protest for our freedom. I might disagree on that particular issue , but I did not like Trudeau using dirty methods to shut Canadians. Be ready to take children away from protestors … freezing accounts of people donating … After all Russia went long way from being as democratic as Ukraine before Russian invention to what you can see know.

#136 willworkforpickles on 02.27.22 at 7:41 pm

(Double correction…this wasn’t meant for yesterday’s string where it wound up either.)
Correction…(today’s string) … in that last post…it was meant to say 80% petroleum trade between Russia and Europe. 38% consumer goods.

#137 Habitt on 02.27.22 at 7:42 pm

Great post Mr. T thanks for putting the nutters in place as well.

#138 Observer on 02.27.22 at 7:48 pm

#132 Canuck
When faced with adversity, the Ukrainian President puts on protective clothing and picks up a weapon, Trudeau goes into hiding at the sight of trucks that blocks off few roads… and you Garth, supported that saying no leader in their right mind would meet with these people. Zelenskyy is willing to fight for his country.

^^^^^^^^^
Have Canadians been invaded by a foreign army recently?

Trudeau is hiding and not doing enough?

EA is overreach and Trudeau is a tyrant?

Make up your minds already.

#139 The joy of steerage on 02.27.22 at 7:50 pm

#119 the Jaguar on 02.27.22 at 7:03 pm
This is probably my last post. Garth is likely to delete or ban me. Understood. But someone has to offer up the alternate point of view. Slings and arrows. That kind of thing.

..

The saker dude..a crazy putin loving hypocrite living in florida spewing paranoid nonsense about nazi’s, zionism, and 911 conspiracy crap

Those dudes mainline the vodak for breakfast every day with a nasty antisemitic flavour running throughout their blog… sure they give another view.. they’re nutz

#140 Observer on 02.27.22 at 7:51 pm

#135 Mashka on 02.27.22 at 7:39 pm
Canadian still can protest for our freedom.

^^^^^^^^^^^^^
Why not protest for something you do not have? Seems like a more pragmatic use of time, no?

#141 Meh on 02.27.22 at 7:52 pm

Sooooooo the moral of the story is we should never protest or complain, regardless of how unjust and unlawful your situation may be because there’s always some part of the world worse off than you, if you look hard enough.

You hear that Ukraine, take heart, at least you’re not Syria, Ethiopia or Afghanistan.

#142 Chaddywack on 02.27.22 at 7:52 pm

Call me crazy but I actually think all this woke propaganda over the past couple of years could have been promoted by foreign agents or governments.

You find the west’s weaknesses (gender, race, indigenous rights anything on the human rights spectrum) and then exploit its sense of kindness and compassion to insidiously use these topics in combination with various types of critical theory (from Marxism…something the Russians know well) and demoralize Canada’s population.

The effect of course is a population as another poster put it so wonderfully who wouldn’t pick up a broom to defend Canada.

I’ve heard about enough over the last two years how I’m a racist white colonizer who is transphobic because I don’t believe anyone can have other than an X or Y chromosome. Canada is better than this extreme leftist garbage. I really wonder who is pulling the strings.

#143 Elon Fanboy on 02.27.22 at 7:53 pm

“Oh, so Russians are not invading Ukraine? – Garth”

Where did I say that?

Point is many of these reports/video’s surfacing are totally unverified and subsequently turn out to be completely fake. I’ve already seen videos being pushed that are actually from past conflicts.

The media risk becoming mere propaganda tools if they push this stuff without verification.

#144 Flop… on 02.27.22 at 7:54 pm

Below is 3 versus from Australian cult band Cold Chisel.

In 1982 they penned a song titled “When the war is over.”

Written 40 years ago, today it is still a beautiful and powerful song.

Not style wise, but cult wise, and popular mainly in their home country, I guess Cold Chisel was probably Australia’s version of Tragically Hip.

I’d rather listen to Cold Chisel than the clash of a Hammer and a Sickle…

M47BC

———————————————

“When the war is over
Got to get away
Pack my bags to no place
In no time no day
You and I we used each other’s shoulder
Still so young but somehow so much older
How can I go home and not get blown away.

You and I had our sights set on something
Hope this doesn’t mean our days are numbered
I’ve got plans for more than a wanted man
All around this chaos and madness
Can’t help feeling nothing more than sadness
Only choice to face it the best I can.

When the war is over
Got to start again
Try to hold a trace of what it was back then
You and I we sent each other stories
Just a page I’m lost in all it’s glories
How can I go home and not get blown away”

https://www.youtube.com/watch?v=inhKWw832PM

#145 VladTor on 02.27.22 at 7:59 pm

DELETED

#146 Uncle Thomas on 02.27.22 at 8:08 pm

“…bankers and teachers with no military training could be handed automatic rifles and told how to throw petrol bombs out their windows.”
—————————————
Bankers and teachers? Really? I don’t think so. What a strange choice. Maybe the truckers, but not the bankers and teachers!

#147 Cici on 02.27.22 at 8:11 pm

I just noticed that as of some four hours ago, there was a 5-km long Russian military convoy making its way through the night to Kyiv.

https://www.reuters.com/world/europe/russian-convoy-ground-forces-fuel-tanks-moving-toward-kyiv-maxar-2022-02-27/

Will the Ukrainian’s be able to resist this onslaught?

Jeez, where are the darned fighter planes when you need them?

#148 willworkforpickles on 02.27.22 at 8:11 pm

#133 Eyeguy

Ditto for re-establishing the buffer zone between Europe and Nato first , then their LNG interests and livelihood second by invading the Ukraine.

Talk of Putin gone insane…pure nonsense.
(not completely anyway)

Unfortunate for Ukraine unable to come to terms with Russia over Nato. And mostly , that of the innocent people of Ukraine by far.

#149 Stephen Fowler on 02.27.22 at 8:14 pm

Garth, once again, well said. President Zelensky is a modern day hero without equal, but in precious, over-indulged Canada, you are a hero and rare voice of truth, too.

#150 International Trder on 02.27.22 at 8:20 pm

raise your hand if you are suffering from the ‘shortages’ due to the 4 day bridge blockade..and please tell us what you have been deprived of..

#151 kappa on 02.27.22 at 8:22 pm

Excellent blog post. The anti-mandates protests look totally irrelevant compared with the Ukrainians fight for their country and their freedom.
The West started to come to terms with the new realities of security in Europe. The Ukrainians are fighting hard and are ready to die for the independence of their country but they need to be supported constantly with ammunition and adequate weapons. Let’s hope the West can at least do that. If Putin succeeds with his plan in Ukraine, he’s going to be much harder to stop. Pretty much everyone that stood by Putin over the years looks like a person that helped in the making of this new Hitler type of monster. Trump with his threats to dissolve NATO played really well into Putin’s hand’ gave him more time and confidence that the West is soft and divided. The Germans politicians that were friendly with Putin (and corrupted) and increased Germany’s dependency on natural gas imports from Russia essentially sponsored Putin’s war machine which now is a real threat to the peace and security in Europe. Any success Putin may have in Ukraine will just propel him to continue his aggressions in other countries in East Europe and the rest of the world. He seems to be using Stalin’s and Hitler’s playbook. The West had its opportunities to stop Putin when he supported the Syrian dictator, when Putin sent troops in Georgia and when he annexed Crimea and started the separatists states in Donbas in 2014. They failed each time and now they have to face darker realities. Let’s make no mistake: he’s not gonna stop if he wins in Ukraine. Putin made it clear he wants to restore USSR and the spheres of influences. He said a few times but nobody listened.

#152 Grunt on 02.27.22 at 8:26 pm

Putins made a bad move. Another general like Hitler. He’s now got a Vietnam brewing on his doorstep.

It’s in the interests of the neighbors and others to turn Ukraine into blight. Pity the Ukrainian people and the brain washed Russian boys. Who will pay in blood.

Meanwhile defence contractors rub hands in glee.

#153 Yukon Elvis on 02.27.22 at 8:27 pm

#124 the Jaguar on 02.27.22 at 7:03 pm

auf wiedersehen
++++++++++++++++++++++++++++
What are you German now? Goodbye in Russian is dasvidania.

#154 Islanddave on 02.27.22 at 8:31 pm

I have been fortunate during my lifetime, born in 1956, in Canada, a peaceful, prosperous land
Be they scared Russian kids thrown into a horrifying conflict or Ukrainian persons of any age, god in heaven…
Please…stop this madness
And that’s all I have to share

#155 conan on 02.27.22 at 8:32 pm

How much will SWIFT hurt? If its deadly , all we have done is recreate what happened to Japan before WW2 , and that lead to Pearl Harbor.

I would hate to think that the fate of the planet has just been placed in someone’s hands with an economics degree, and what we really need is not that at all.

#156 Rob on 02.27.22 at 8:33 pm

There was an earlier European war in serbia, Which everybody seems to have forgotten

#157 Don on 02.27.22 at 8:40 pm

” The 19-year-old Russian soldier-children”

Come on man, make up your mind!

Are they 19 (an adult) or children? Just because you said it in the same sentence doesn’t prove anything.

BTW, do you know the youngest American and Canadian soldiers who fought in WW11? Make it your weekend research.

Just to inform you how this war started, you need to brush up on your history.

Here is some help.

https://fb.watch/brsSf3xLJ0/

Just wait and see.

Oh btw, those ” f–k you heroes ” who died so valiantly are safe and sound in Sevastopol. Wonder whether Velensky will still give them the “Heroes of Ukraine” title or court-martial and shoot.

#158 Willem on 02.27.22 at 8:42 pm

I heartily agree with comment #8…….

Unbelievable. I disagree wholeheartedly with your premise. You don’t accept or respect the views of fellow Canadians and make an ersatz comparison between Canadian rights and freedoms to Ukranians? Given your presence on the internet and thousands of followers, you should bear some responsibility in publishing unbaised divisive articles. The folks dancing in the streets and singing do so because they are free. Not because they are against you or Ukrainians.

I believe you have lost perspective on what freedom means vs virtue signalling on what you deem appropriate. The same people dancing in the streets that you commented about, will probably be the same people that would bear arms to protect Canad.

#159 I don't know on 02.27.22 at 8:45 pm

#108 willworkforpickles on 02.27.22 at 6:30 pm

A lot going on in this post. I guess it can be summed up by this: the US will lose its position as the dominant world power.

This is incorrect.

Aside from the fact that no one is a viable contender, what your view (and all other views like it) fail to understand is that in the rhelm of power, geography is all that really matters. Not central banks, or debt levels. And when it comes to geography, the United States stands alone.

Two large oceans on its east and west coast, friendly/weaker countries bordering it’s north and south, and tons of arable, resource rich land in between is what really constitutes US power and assets.

When we look at debt, while US debt is higher than it’s ever been, that debt has to be compared to assets to get the whole picture. If we take all assets into consideration (resources, intellectual, financial etc.) debt levels aren’t nearly as imposing.

In short, there is little chance the USD loses reserve status for a long time. The much bigger immediate risk to the United States (and our portfolios) is not any other country or economic system -none of which pose any threat- but internal domestic politics and division. Even then, the threat is highly over estimated and dramatized.

The USD isn’t going anywhere.

IDK

#160 CJohnC on 02.27.22 at 8:56 pm

A long interesting read but worth it for insight into Putin’s possible game plans and the implications

https://www.politico.com/news/magazine/2022/02/27/russia-weaponizing-food-supply-chains-00012130

#161 T-Man on 02.27.22 at 8:58 pm

Everyone seems to be on board the War train going forward. No cries of justice for the children of Yemen, not white enough? Silence as the children of Serbia were bombed by N.A.T.O. Silence for the children of Iraq who still suffer from ‘Muricahan sanctions. No comment on the destruction of Libya by the N.A.T.O. War machine. Lots of highly educated hypocrites dwell here. Over and out.

#162 45north on 02.27.22 at 8:58 pm

But war is war. Unpredictable. The Russian advance was unstable and appeared unsupported. Supply lines failed. The 19-year-old Russian soldier-children driving tanks seemed a tad bewildered. A citizen army was born. President Zelensky, once a comedian and fake TV politician emerged as defiant, proud and unbowed. He’s currently the only leader in the world who has stood up to the Russian dictator. On television US Senator Mitt Romney praised him, trashing the Putin-cozy Trump and calling the Russian leader, “small, evil and feral-eyed.” The Ukrainian forces fought far above their strength.

Condoleezza Rice talking about Putin: “he’s seems erratic, there is an ever deepening delusional rendering of history”

#163 GB on 02.27.22 at 8:59 pm

Sadly, you are bang on again with your analysis. I think it is a direct reflection of the lack of a proper civic education here in Canada. Very little to nothing taught about law, political science, economics and but a smattering of world history and Canada’s place in it at the high school level.
Perhaps it is a natural by product of capitalism where the political and economic elites that run our country want the general public educated only up to a certain point.
Just a thought.

#164 THE DANDADA on 02.27.22 at 9:00 pm

and PUTIN is hiding in an underground nuclear-proof RAT HOLE while he sends young innocent kids to die.

Shame for the world to sit back and watch.

“They Have Money For War But Can’t Feed The Poor.” – Tupac Shakur

#165 T-Man on 02.27.22 at 9:12 pm

The cities have turned into jungles
And corruption is strangling the land
The police force is watching the people
And the people just can’t understand
WE DON’T KNOW HOW TO MIND OUR OWN BUSINESS
‘CAUSE THE WHOLE WORLD’S GOT TO BE JUST LIKE US
Now we are fighting a war over there
No matter who’s the winner, we can’t pay the cost
‘Cause there’s a monster on the loose
It’s got our heads into the noose
And it just sits there, watching…

#166 Barb on 02.27.22 at 9:13 pm

Poignant picture, Garth.

Disgusting state of affairs with the “freedom” convoy.

They must be feeling ashamed themselves considering what’s happening in the Ukraine!

Freedom indeed…that’s EXACTLY what the protesters have. But they don’t see it?!?!

#167 PastThePeak on 02.27.22 at 9:14 pm

Is Garth aware that Ukraine is only 35% vaccinated…

You disgust me. You are also done here. – Garth

#168 50 YEARS OF MAPLE LEAF INCOMPETENCE! on 02.27.22 at 9:16 pm

DELETED (Enough of your drivel)

#169 mike from mtl on 02.27.22 at 9:19 pm

#132 canuck on 02.27.22 at 7:28 pm
…The Americans offer Zelenskyy safe passage out of the Ukraine and he replies, “I don’t need a ride, I need weapons”. Trudeau when faced with angry truckers says “I have COVID and have to go into hiding”. That’s our “leader”. LOL

Get over yourself. We are now laughing at you. – Garth

No, this is 100% correct, T2 & Ottawa Police was a complete joke and rightfully called out for it. There’s a huge difference from some annoying squatters and literal firepower killers attempting to overt your territory.

This is precisely why Ukraine is depicted as heroic defending their land; big contrast to T2 a one liner idiot.

Imagine American artillery and air-fighters rolling north? we’d have no hope in hell.

#170 ES on 02.27.22 at 9:19 pm

Well said Garth.
I made the mistake of looking at comments. *which i rarely do
OMG, i’m ashamed too, now even more than before.

#171 PeterfromCalgary on 02.27.22 at 9:19 pm

Speaking of SWIFT NPR had an excellent podcast on how it was hacked.

Spoiler alert below.

Funny thing is the hacker “only” got away with 80 million instead of a billion because of the street name where the bank they transferred the money was raised a red flag. https://www.npr.org/2022/02/09/1079528331/a-swift-getaway

#172 HUNGRY BEAR on 02.27.22 at 9:20 pm

Putin is a souless CowarD!

But so are the rest of the world leaders that standback and do nothing.

Sanctioning and condeming does nothing to immediately help all those innocent children, women, and men that have to run and defend for themselves.

WE ARE ALL COWARDS FOR LETTING THIS CONTINUE.

#173 Uncle Thomas on 02.27.22 at 9:24 pm

#99 Observer on 02.27.22 at 6:04 pm
“That is because you don’t realize you are free.”
—————————————————————-
“None are more hopelessly enslaved than those who falsely believe they are free.” – Johann Wolfgang von Goethe

#174 Barb on 02.27.22 at 9:25 pm

#26
“…the citizenry of Russia is about to starve. ”

In wars, it has ever been thus.
If only the instigators–the Putins–were affected the most. But no, the populace will be.

#175 crowdedelevatorfartz on 02.27.22 at 9:27 pm

@#132 canuck

After that look ( and rambling speech)

You forgot to yell , ” FREEDOM!” like Mel Gibson in Braveheart just before he was gutted…
:(

#176 Ivan the Moderate on 02.27.22 at 9:29 pm

I thought about Zelensky, facing death as the head of state, yet standing in the street.

====

He faces real tanks and military convoys with air support and choppers,

Compared to our PM, who went into hiding for several days, scared of some truck-drivers, armed with Canadian flags.

#177 I'm Alright Jack on 02.27.22 at 9:32 pm

You know, intitially had some sympathy for the “Freedom” protesters. Trudeau government overreach and his inflammatory remarks and all that. Being a westerner, I have a sincere dislike of the Trudeau clan (although my Pa was an ardent Trudeau Sr supporter in the day).

But I have lost all that, although I certainly dislike T2. Look at Ukraine and see what an actual crisis is. People are dying for freedom – ordinary citizens.

Don’t snivel about your perceived lost freedoms in one of the freest countries in the world. Trudeau will be gone soon, but Canada will not.

#178 Barb on 02.27.22 at 9:37 pm

One Tin Soldier:
The Original Caste

One Tin Soldier
The Original Caste
Listen, children, to a story
That was written long ago

‘Bout a kingdom on a mountain
And the valley-folk below
On the mountain was a treasure
Buried deep beneath the stone

And the valley-people swore
They’d have it for their very own
Go ahead and hate your neighbor
Go ahead and cheat a friend
Do it in the name of heaven
You can justify it in the end
There won’t be any trumpets blowing
Come the judgment day
On the bloody morning after
One tin soldier rides away

So the people of the valley
Sent a message up the hill
Asking for the buried treasure
Tons of gold for which they’d kill
It came an answer from the mountain
With our brothers we will share
All the secrets of our mountain
All the riches buried there
Go ahead and hate your neighbor
Go ahead and cheat a friend
Do it in the name of heaven
You can justify it in the end
There won’t be any trumpets blowing
Come the judgment day
On the bloody morning after
One tin soldier rides away

Now the valley cried with anger
“Mount your horses! Draw your sword!”
And they killed the mountain-people
So they won their just reward

Now they stood beside the treasure
On the mountain, dark and red
Turned the stone and looked beneath it
“Peace on Earth” was all it said

Go ahead and hate your neighbor
Go ahead and cheat a friend
Do it in the name of heaven
You can justify it in the end
There won’t be any trumpets blowing
Come the judgment day
On the bloody morning after
One tin soldier rides away

Go ahead and hate your neighbor
Go ahead and cheat a friend
Do it in the name of heaven
You can justify it in the end
There won’t be any trumpets blowing
Come the judgment day
On the bloody morning after
One tin soldier rides away

Songwriters: Brian Potter / Dennis Earle Lambert

#179 Neo on 02.27.22 at 9:38 pm

DELETED

#180 Kendra Steele on 02.27.22 at 9:43 pm

You can’t fight propaganda and the weak minded so why even try? So, let’s not let propaganda distract us from the Trudeau disastrous policy that has wrecked Canadas energy industry and spent billions of tax dollars on oil and pipe elsewhere. The Emergency Bouncy Castle Killer was just last week. Lest we forget. The Ukraine is not an excuse to let Trudeau off the hook. Just has been buying Russian oil but to lame to support the U.K. ships protecting our arctic? Time to make things right in Canada before some crazy outsider sees us weak enough to invade. At this stage North Korea could knock us off in ten minutes. Energy security and the wealth Trudeau has squandered must be our top priority or it will be taken from us. It’s woke tyranny that let Putin invade Ukraine. Enough!!!

#181 Scott on 02.27.22 at 9:49 pm

@Garth

>So your portfolio may rock and roll for a while. Ignore that. This will end and declines will be replaced with gains.

War is serious business and we are led by very unserious people in the US and Canada. This can easily get out of hand as NATO members make bellicose statements and promise they will be delivering weapons to Ukraine (how exactly?).

I’m in the GTA so easily within the blast radius of whatever is aimed at Detroit, Windsor, Buffalo. There is no such thing as a limited, localized nuclear war. Are we prepared to lose 50 million people in North America over some corrupt, failed state in Europe?

I hope our response is limited to toothless sanctions. The Russians have effectively been embargoed for almost 10 years, they’ve adapted and are completely self-sustaining in terms of food, energy, raw materials. They will redirect their gas flows to a very obliging China. We are witnessing the emergence on a non-liberal Eurasian global power.

#182 alf on 02.27.22 at 9:50 pm

Protest masks, protest vaccines, protest vaccine passports, protest wars. All of these things sound good to me. It just shows that people are thinking, and that humans have differing ideas/opinions.

All of this shame on you, I’m so ashamed of… crap is childish, virtue signaling drivel. To coin a phrase, grow a set!

Clearly, problems vary in degree from insignificant to very significant. The fact that you don’t consider any given issue to be worthy of protest is neither here nor there. You’re not that important, nor are you morally superior, and not everybody on the planet thinks like you.

If you are going to impose masks, vaccines and vaccine passports on people over the course of 2 years, you’d better have all of the, completely uncensored, unbiased,
science on your side. If, however, a significant percentage of the population believes that important information has been tactically omitted from the discourse, then you may run into a couple of protests along the way.

Damn, people really suck! It seems to be getting worse, cause the ones who suck the most really think their poop don’t stink.

#183 CJohnC on 02.27.22 at 9:52 pm

Funny: https://babylonbee.com/news/mysterious-large-circles-on-russian-radar-turn-out-to-be-president-zelenskys-testicles

#184 John in Mtl on 02.27.22 at 9:54 pm

#124 the Jaguar on 02.27.22 at 7:03 pm

I’m impressed! You get it! its hard to disagree with a lot of what Orlov says, I’ve been following him for years.

#185 Albertaguy in AB on 02.27.22 at 9:55 pm

For a completely random reason, I started watching B5 for the first time about 2 weeks ago …. and today as fate would have it I came to watch S2E20, “The Long, Twighlight Struggle”. The powerful words spoken near the end of that episode could never be more true…

“No dictator, no invader can hold an imprisoned population by force of arms forever. There is no greater power in the universe than the need for freedom. Against that power, governments and tyrants and armies cannot stand.”

Ambassador G’ Kar

#186 Victor Maitland on 02.27.22 at 9:59 pm

@ #124 the Jaguar, I don’t think Garth bans people for incomprehensible word salads, so you’re safe.

#187 Cowtown Cowboy on 02.27.22 at 10:01 pm

One more day until the great mask burning, never to be seen again, although I’ve been trying to set the example for weeks now. Although I’m sure you’ll still see the odd masked warrior driving alone and doing their part.

#188 VladTor on 02.27.22 at 10:05 pm

to #101 gfd on 02.27.22 at 6:07 pm
…. but ultimately sanctioning the Russian Central Bank is THE ABSOLUTE brutal blow so they cannot accept payments.

*************
If they cannot accept payments…..

…you cannot receive gas, oil ,coal, steel, titanium, wheat … and so on.

Very good!

Yours next step?

#189 Alberta Nomad on 02.27.22 at 10:09 pm

From the perspective of western governments worrying about the imminent start of WWIII, the use of the Emergency Act to clear protesters from critical infrastructure and border crossings would now seem to be 100% justified. The fact freedom protesters thought it was a cracking good idea to proceed with massive rallies this weekend is breathtaking in its selfishness.

Excuse me while I go back to watching the livestream of Romanians welcoming terrified Ukranians as they stream across the border. My wife’s homeland makes me proud.

#190 Nothing Surprises on 02.27.22 at 10:11 pm

#11 Soren Angst
………………………….

I would like to add as well and not being able to release info., but the U.S. and other sanctioned NATO members are now using drones ( with missiles) as the Russians ignorantly proceed…….. not on the MSM.

Well put Garth!

#191 Michael in-north-york on 02.27.22 at 10:17 pm

This is a major global crisis, comparable to 9/11. Make no mistake, this is not just a local war on another continent.

“It’s unknown if ‘talks’ between the two countries will result in a truce, a capitulation or a surprise.”

Capitulation is impossible. Even if Zelenski signed one, his citizens would not obey. They have already lost too many friends to surrender, and got too many guns on their hands to be coerced.

Truce is possible, but not likely. Putin isn’t fighting for land, like medieval kings did. He is fighting to assert his alpha-dog status. If he wins nothing or wins too little, that will be a sign of weakness, and he runs a risk of being displaced and assassinated by his own minions. Zelensky cannot yield much, for the reasons already mentioned.

And speaking of surprise: I expect a swift and complete victory of one side or the other. Within a few weeks, possibly within days. Putin’s army cannot sustain a long war. If he doesn’t win quickly, his whole system will disintegrate.

#192 PutinOnTheRitz on 02.27.22 at 10:21 pm

Kinda weird how all the official propaganda outlets now refer to ‘Keeiv’ instead of ‘Kiev’ as it has always been known until sometime last year they were all instructed to change it.

#193 Unpinned on 02.27.22 at 10:25 pm

Most states in America are removing the mask mandates indoors and New York state and New York City are removing the mask mandates and the vaccine passports and not requiring kids in school to wear masks. It seems reasonable that Canadians should expect the same respect and return to normal removing government and medical mandates and resuming normal Canadian life including removing mask mandates and vaccine mandates which are coming down in many Canadian provinces but Ontario seems to be dragging its heels somewhat. If we can get Russian oil and gas out of business maybe we can get Canadian oil exports amping up to encourage and sustain our Ukrainian brothers.

#194 Song on 02.27.22 at 10:26 pm

Virtue signaling, as usual. As if we were all born yesterday and it’s entirely unexpected that there’s war some place and day-to-day life (including peaceful protests in a democracy) some other place. A shallow, emotional rant was this post.

#195 Michael in-north-york on 02.27.22 at 10:32 pm

#87 jess on 02.27.22 at 5:32 pm

Putin has lost any creds”

So how does he save his face ?

Will he step down and retreat into his palace?
===

He cannot step down. If he does, next day he will be hugging Ceaușescu, Saddam, and Gaddafi in a very special retirement home.

#196 canuck on 02.27.22 at 10:32 pm

#157 VladTor on 02.27.22 at 10:05 pm

to #101 gfd on 02.27.22 at 6:07 pm
…. but ultimately sanctioning the Russian Central Bank is THE ABSOLUTE brutal blow so they cannot accept payments.

*************
If they cannot accept payments…..

…you cannot receive gas, oil ,coal, steel, titanium, wheat … and so on.

Very good!

Yours next step?
_____________________________________________

That’s easy. Pick up the phone and call western Canada. They have lots of oil, natural gas, coal, wheat, beef and potash. A lot of what you need to live on, is in your own Country.

#197 Ustabe on 02.27.22 at 10:54 pm

#192 PutinOnTheRitz on 02.27.22 at 10:21 pm

Kinda weird how all the official propaganda outlets now refer to ‘Keeiv’ instead of ‘Kiev’ as it has always been known until sometime last year they were all instructed to change it

Kyiv is Ukrainian, Kiev is Russian. The Ukrainians would prefer we no longer use the Russian. Easy thing to do.

#198 VladTor on 02.27.22 at 10:59 pm

to #157 VladTor on 02.27.22 at 10:05 pm

That’s easy. Pick up the phone and call western Canada. They have lots of oil, natural gas, coal, wheat, beef and potash. A lot of what you need to live on, is in your own Country.

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

Yes, we have it – other countries not.

But what will be price for that after Russia stop delivery. Are you ready to pay for wheat 30% more or for gasolin 50% more or for car (steel, aluminum, coal) 30%more and for other staff which need truck delivery 20% more.

Personally me and 35 millions Canadians not agree.

Remember my friend sanctions war always two sided war. Why I have to pay for Political game from my pocket? I agree to play this game with you and even supporting ….. if you start sanction and increase my salary/pension at 20-30% next day after sanctions started. But if those sanctions games decrease sharply decrease quality of my life – I completely disagree! Find something else if you can’t pay me.

#199 the jaguar on 02.27.22 at 11:01 pm

@153 Yukon Elvis —–Call me Mata Hari, lol!

#200 Izzo on 02.27.22 at 11:02 pm

I think there is a lot of straw man arguments happening here. I can be angry at the mandates in this country while being angry at what is happening in Ukraine. I am vaccinated but to have a prime minister declare people that are defending their freedoms terrorists and destroy their lives is unacceptable. We don’t all live your charmed existence Garth. Be it earned or not is irrelevant, the point is some of this people feel strongly about the issue. I don’t agree with shutting the border down and Trudeau should’ve cleared them out the first day but not using Martial Law. Also, the fine folks in Ottawa who are pissed off well you shouldn’t have lived next to Parliament which is where protests take place in a democratic society. I am a strong believer that we all should have the right to be idiots without the government telling us how to talk, act, believe, and now how and when to get vaccinated. Please step out of your little bubble and see the world for what it is. Also, god help these poor folks

#201 willworkforpickles on 02.27.22 at 11:07 pm

#159 I don’t know o

In Short…I’ll tell you what’s short. Your depth of knowledge and understanding of anything Global or domestic.

#202 DON on 02.27.22 at 11:10 pm

#191 Michael in-north-york on 02.27.22 at 10:17 pm
This is a major global crisis, comparable to 9/11. Make no mistake, this is not just a local war on another continent.

“It’s unknown if ‘talks’ between the two countries will result in a truce, a capitulation or a surprise.”

Capitulation is impossible. Even if Zelenski signed one, his citizens would not obey. They have already lost too many friends to surrender, and got too many guns on their hands to be coerced.

Truce is possible, but not likely. Putin isn’t fighting for land, like medieval kings did. He is fighting to assert his alpha-dog status. If he wins nothing or wins too little, that will be a sign of weakness, and he runs a risk of being displaced and assassinated by his own minions. Zelensky cannot yield much, for the reasons already mentioned.

And speaking of surprise: I expect a swift and complete victory of one side or the other. Within a few weeks, possibly within days. Putin’s army cannot sustain a long war. If he doesn’t win quickly, his whole system will disintegrate.

******

What is your opinion based on?

#203 oldenoughtoknowbetter on 02.27.22 at 11:16 pm

#124 the Jaguar

I too have watched the movie The Edge of War, it was entertaining, although I wouldn’t have spent any beach vacation time on the movie. Since it was a fictionalized account of events during the Munich Conference it is beyond absurd that anyone would reference it as evidence the historical record has been ‘wrong’ for decades.

With respect to Dmitry Orlov’s dismissing the opinions of millions who are outraged the Russian invasion, he should be careful of throwing stones while living on glass sailboat. The carnage, repression and violence in the LNR and DNR since the Russian led insurrection has been well documented by European human rights groups. Since is seemingly unaware of this by his own standard Orlov has lost the right to express an opinion on the current situation?

#204 Putin Revolt on 02.27.22 at 11:25 pm

#163 John in Mtl on 02.27.22 at 9:54 pm

I don’t get it, but if you read enough Chomsky, Orlov, Marx … you can become brainwashed too.

#205 Ustabe on 02.27.22 at 11:38 pm

Too many of you to quote but would anyone help me out and let us know how the copy cat Freedom Convoy’s in the US are doing?

Any of them even manage to get east of the Mississippi?

While you are at it, care to inform me of Lich and King’s status?

#206 BC Renovator on 02.27.22 at 11:40 pm

https://www.tabletmag.com/sections/news/articles/ukraines-deadly-gamble

Interesting read. Maybe you don’t know everything…

#207 canuck on 02.27.22 at 11:45 pm

198 VladTor on 02.27.22 at 10:59 pm

Yes, we have it – other countries not.

But what will be price for that after Russia stop delivery. Are you ready to pay for wheat 30% more or for gasolin 50% more or for car (steel, aluminum, coal) 30%more and for other staff which need truck delivery 20% more.

Personally me and 35 millions Canadians not agree.

Remember my friend sanctions war always two sided war. Why I have to pay for Political game from my pocket? I agree to play this game with you and even supporting ….. if you start sanction and increase my salary/pension at 20-30% next day after sanctions started. But if those sanctions games decrease sharply decrease quality of my life – I completely disagree! Find something else if you can’t pay me.
_____________________________________________

I nor this Country owes you anything and you don’t speak for all Canadians so drop the drama. Western democracies don’t support tyrants, even if it means a higher cost of living… including getting used to drinking local Vodka.
If that doesn’t work for you, I’m sure you could find some Countries that are more sympathetic towards war mongering tyrants who dream of recapturing a post revolution Soviet Union. Canada isn’t one of those Countries.

#208 Hairhead on 02.27.22 at 11:55 pm

Somebody else noted that the “Freedom Convoy” protesters were using his song, “We’re not gonna take It” and formally withdrew his permission to use the song. When he was asked why, he posted the following on Twitter:

Dee Snider @deesnider
People are asking me why I endorsed the use of “We’re Not Gonna Take It” for the Ukrainian people and did not for the anti-maskers. Well, one use is for a righteous battle against oppression; the other is a infantile feet stomping against an inconvenience.

#209 willworkforpickles on 02.28.22 at 12:25 am

What Biden should be doing…what Trudeau should be doing, without hesitation, is to start a building blitz to house Ukrainian disenfranchised by the hundreds of thousands.
Spend the money they’re going to spend anyway.
Jobs going begging to be filled in North America will soon be filled.

#210 Jon B on 02.28.22 at 12:37 am

Yep, that’s right. As long as there’s some other current example of tyranny in the world worse than what we’re receiving in this country, we should just accept any and all restrictions on our freedoms. Who needs a charter of rights and freedoms when it’s really proven to be nothing more than a collection of temporary privileges? At least COVID provided that important lesson.

#211 pete from St. cesaire on 02.28.22 at 12:55 am

This is the next stage of implementing the “New World Order” AKA the GREAT RESET. Te arming of the Ukrainian citizenry is an attempt to get the Russian troops to engage the civilians directly. So far the Russians have been trying to minimize and civilian casualties; the lights are still on, the trains are still running, the water system is still operational. But if the Ukrainian regime can get lots of video of Russian troops mowing down citizens who are toting AK-47’s then that will work wonders in mobilizing the western world into WW3.

#212 Rodney Martin on 02.28.22 at 2:48 am

A stable, democratic, modern country…

Ukraine? Unstable (recent ongoing civil war, multiple incursions and invasions), undemocratic (manipulated by outside influences from Russia and the US continually, shut down media, jailed political adversaries…), falling behind (massive corruption, poverty, stagnant growth, low GDP, massive inequalities).

Ukraine is not the Czech Republic or even Poland. It’s a complicated mess in the battle between the West and Russia that will continue well into the future.

#213 James on 02.28.22 at 2:54 am

So because war in the world, Canadians should just accept the government owning their body? Ya ok, Garth. You should be ashamed of yourself.

#214 Freedom_lover on 02.28.22 at 3:56 am

Your argument is just an attack on people you don’t agree with. This is antithesis to being pro freedom. What you are saying is war without context trumps totalitarianism. So using your logic you would rather live in the soviet union during the non war years between 1946 to 1989 then have served in any war. And anyone who complained about life in the soviet union during those years was a baby. What you don’t understand is most people who risked their lives in war didn’t want anyone to live like that.

#215 Joe Lalonde on 02.28.22 at 5:04 am

Garth,
In a world full of misinformation.
Ownership is important. It tells you who’s the dominant players and where they see their countries future going.

What your witnessing is the death of the dominant US Dollar as they figure to buy politicians to keep globalization going.
Alliances are breaking as the United States applies more pressure for a World War with NATO involvement and War Declarations locking their citizens down.
It’s not in the interest of China to have NATO forces going after them after going after Russia. So the US Alliance was broken there and now Russia has more trade contracts with China.
China has the world trading dominance worldwide.

Very shortly, the Banking System will freeze up and collapse.
It’s in their best interest for a World War as its citizens are ordered by politicians to fight and takes away the focus on the collapsed banks.
Everything being centralized only mean your Banking Branch doesn’t have your data and is only an empty shell.

#216 Putin Revolt on 02.28.22 at 6:07 am

There seems to be “Little Greenmen” on this message board, AKA communist sympathizers. In Ukraine they are “Saboteurs”.

#217 Agreed on 02.28.22 at 6:35 am

Great post. Beyond the contrast of the freedom convoy cry babies, every minute of many but not all people’s days in Canada is lived in relative extravagant wealth and freedom compared to the lives of those in developing nations. The last two years of lockdowns and minor discomfort have been only a small taste of that suffering.

#218 Dennis on 02.28.22 at 6:40 am

Forgive me for not being in the direct buying of oil on a national level, but could someone tell me with certainty if Canada is still buying oil for the East Coast from Russia? I belief I know that answer already. That must really really irritate Jason Kenny. He must be bouncing off the walls right now because he is sooooo muzzled in what he can not do because of mouthpiece Trudeau and Bidens energy policies. Also another question. How is payments being made to Russia for oil to feed the East Coast refineries? Is it thru the Russian Central Bank or some other institution that does not deal with Swift? I love how media says “Select Swift Accounts” are targeted, but then Canada, USA, Europe and whoever must send their money to Russia somehow because they is not a damn politician anywhere that states that they have cut off Russian oil/gas.

#219 MMM..'ok. on 02.28.22 at 7:18 am

#95 KLNR on 02.27.22 at 5:58 pm
those folks in the ‘freedumb’ convoy are maybe a little too proud of their ignorance. Not a good look.

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

can’t think that smug dismissive arrogance is a better one, but good to see you giving it a try.

Not sure what Garth’s on about, I’ve been ashamed to be a Canadian for about six years.

#220 Shawn on 02.28.22 at 7:52 am

The GREAT RESET COMETH?

#211 pete from St. cesaire on 02.28.22 at 12:55 am

This is the next stage of implementing the “New World Order” AKA the GREAT RESET.

******************
But first will come the GREAT PUMPKIN

https://en.wikipedia.org/wiki/It%27s_the_Great_Pumpkin,_Charlie_Brown

#221 earthboundmisfit on 02.28.22 at 7:53 am

I’d be pretty peeved if my yacht, London mansion, and Alps ski villa were being seized by foreign governments. This might actually work. I’m imagining some of the kleptocrat oligarchs taking Vlady out back for a good, old fashioned Czar-ing ala Nick II, with a quick one to the back of the head.

#222 Cansalt on 02.28.22 at 7:59 am

In canada:
Parliament has not sat in two years.
The vac mandate is technically unlawful, yet The court case is not being heard.
Trudeau has introduced bills that infringe on protected religious rights.
Trudeau effectively declared war on its own citizens by invoking the emergency act.
In 2014 Ukraine:
The government was overthrown because the president signed a free trade deal with Russia and tore up the deal with the EU.
The Ukrainians knew when their freedoms where being eroded, some Canadians don’t seem to ever realize.

#223 crowdedelevatorfartz on 02.28.22 at 8:02 am

@Vlad
“Are you ready to pay for wheat 30% more or for gasolin 50% more or for car (steel, aluminum, coal) 30%more and for other staff which need truck delivery 20% more.”

+++

If it means that eventually Putin is gone.
Yes.

I see the Russian Rouble is dropping like a rock.
Friday = 65 Rouble to $1 Can
Monday = 74 Rouble to $1 Can

How low will those Russian Oligarch bank accounts go?

#224 Simon on 02.28.22 at 8:11 am

Canada has made steady progress over the last decades becoming among the most free countries in the world. According to Freedom House a non-profit organization in Washington that conducts research and advocacy on democracy, political freedom, and human rights Canada is now the third most free country scoring 98, New Zealand at 99, Finland, Norway and Sweden at at 100. The USA is at 83 and Russia scores a distant 19. The credulous among us ought to truck off to mother Russia and seek redemption by becoming her useful idiots. I eagerly await their Facebook posts.

#225 crowdedelevatorfartz on 02.28.22 at 8:17 am

@#199 the jag
“Call me Mata Hari, lol!”

+++
Mata Hari was a spy that was shot for treason by the French after WWI.

Tokyo Rose was a Japanese/American forced to be a propagandist that was erroneously jailed for almost 20 years after the war.

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

Take your pick but either life didn’t end very well..

#226 GrahamJ on 02.28.22 at 8:25 am

So lack of freedom in Ukraine negates the need to proactively fight for freedom here? The freedom lovers in the convoy are fighting for the preservation of fiscal responsibility, kids’ mental health, democratic debate, and the right to engage in business. You overplay your hand Garth, you and the boomers/zoomers, who rather than advancing your position through debate, slander freedom advocates as selfish, unpatriotic, and weak.
Sincerely, one of the youngsters who will have to clean up this mess

You are free now. You are also responsible. Act like it. – Garth

#227 Dharma Bum on 02.28.22 at 8:31 am

I can’t figure out the endgame in this conflict.

The best strategy, given the apparent circumstances, would be if the so-called top “intelligence” agencies of the world (CIA, MI5, Mossad) collaborated to liquidate Putin.

Take out that melon head.

4:00 on the clip

https://www.youtube.com/watch?v=BR_NLCzMt-k

#228 Bezengy on 02.28.22 at 8:48 am

UK cracking down on crime.

The Economic Crime Bill will include a new register that will mean foreign owners of UK property must declare and verify their identities with Companies House.

The aim is to stop overseas criminals and oligarchs from using agents to create companies or buy property for them in the UK.
————–
Sounds reasonable. I hope Trudeau is paying attention.

#229 Highly Unlikely... on 02.28.22 at 8:54 am

…they hold their wealth in Roubles or even in Russia…

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

#223 crowdedelevatorfartz on 02.28.22 at 8:02 am

I see the Russian Rouble is dropping like a rock.
Friday = 65 Rouble to $1 Can
Monday = 74 Rouble to $1 Can

How low will those Russian Oligarch bank accounts go?

#230 TurnerNation on 02.28.22 at 9:00 am

Not much to post about. WW3 rages on – since March 2020. This is not designed to be “over” until more for the New System is rolled. A long war, until we all beg for a ‘solution’. They will give us a solution alright.

https://www.weforum.org/press/2021/10/russia-joins-centre-for-the-fourth-industrial-revolution-network/
Russia Joins Centre for the Fourth Industrial Revolution Network
Published 13 Oct 2021

#231 Azat on 02.28.22 at 9:07 am

Garth,

Long time reader.
In order to approve this comment you will read it and it gives me comfort.

I am aware that western media painted Putin as war hungry monster, and you bought that?

You a person, reading between the lines, seeking the truth, independent researcher and thinker for reason unknow bought into this false narrative, even now also joined it.

I know you are not going to answer this, but just think about it.
What would US do if country on it border, claiming its in war with us for last 8 years, wanted a nuke (has many western supported who are more then willing to provide then with one)?
What would US do if country on it border would start excepting military bases from Russia / China?

And I am not talking about list of the human/Minsk treaty violations, that West completely blind to.

#232 Immigrant man on 02.28.22 at 9:17 am

Garth, thank you for this post.

I will kindly ask the readers of your blog to not just watch the war in Ukraine like a tv show. You can help stop this madness.

1. Please, write to your MP – this is the best way to be heard. The sky over Ukraine needs to be closed to Russian war planes and missiles. Canada has been a strong supporter, but more needs to be done.

2. If you can, donate to Red Cross (matched by Fed gov) and through the Ukrainian Canadian Council (also tax deductible).

3. If you have friends, relatives, co-workers, acquaintances in Russia – reach out to them! Tell them the truth, even if you risk getting into a fight. Russian media (state run) is completely devoid of Ukraine coverage. Russian Ministry of Defense acknowledged only 2 (two!) lost soldiers in a “special operation” when the internet is ablaze with videos of burning Russian armour, rocket strikes on civilian infrastructure of Ukraine…. and corpses, so many burnt disfigured corpses.

#233 Thisisagoodname on 02.28.22 at 9:50 am

Great post Garth. To the commenters that call Ukraine “The Ukraine”: it’s not “the” Ukraine. It’s just Ukraine. Just like it’s not “the Canada” or “the Russia”. This matters because “the Ukraine” implies a region (maybe up for grabs by Russia?), “Ukraine” implies an independent, sovereign country.

#234 Sail Away on 02.28.22 at 9:53 am

Can’t believe anybody is ashamed to be a Canadian. Bunch of wusses. Disagree with others’ actions if you want, but you’re only responsible for your own so don’t do anything you’re ashamed of.

I’m proud to be Canadian. Also proud to be American.

Few (if any) are ashamed to be Canadian. Many feel shamed, however, watching our flag be absconded by fringe, anti-science ‘patriots’ who think of themselves before the common good and the image this portrayed beyond our borders. Your post seeks to deliberately twist my meaning. Don’t do that again. – Garth

#235 Crystal ball futurist on 02.28.22 at 9:54 am

Putin may win the battle but has lost the war.
He has carved a place for himself in history as a leader instrumental in ruining a superpower.
Maybe Russia will seriously consider democracy after this fiasco.
If someone breaks a window the police can arrest and punish the perpetrator. Hope the unnecessary destruction of life and property get’s it’s due justice.
As a side note also hope that Russia and China don’t float their own currency for trade.

#236 Quintilian on 02.28.22 at 10:01 am

#223 crowdedelevatorfartz on 02.28.22 at 8:02 am

“How low will those Russian Oligarch bank accounts go?”

The criminals are well protected, they now get 20% interest, aside from the fact most of them have their ill gotten gains hoarded around the world.

#237 Chris L. on 02.28.22 at 10:15 am

BANNED

#238 Observer on 02.28.22 at 10:18 am

#234 Sail Away on 02.28.22 at 9:53 am
Can’t believe anybody is ashamed to be a Canadian. Bunch of wusses. Disagree with others’ actions if you want, but you’re only responsible for your own so don’t do anything you’re ashamed of.

I’m proud to be Canadian. Also proud to be American.

Few (if any) are ashamed to be Canadian. Many feel shamed, however, watching our flag be absconded by fringe, anti-science ‘patriots’ who think of themselves before the common good and the image this portrayed beyond our borders. Your post seeks to deliberately twist my meaning. Don’t do that again. – Garth

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

Don’t mind the “proud” dual citizen Garth. He’s still PO’d he lost his donation to the Crybaby Convoy.

#239 pPrasseur on 02.28.22 at 10:33 am

As I mentioned few days ago, Putin has already lost!

The only question that remains is how much damage can he inflict on Ukraine and on his own people before he backs down.

#240 Blacksheep on 02.28.22 at 10:35 am

Azat # 231,

“What would US do if country on it border would start excepting military bases from Russia / China?”
———————————–
Shhh…we are trying to maintain a narrative here…

(‘Bay of Pigs’ rings a bell?)

That was 60 years ago during the Cold War and was a ragtag, limited, non-governmental action. Is that the best you can do? – Garth

#241 Sail Away on 02.28.22 at 10:37 am

My son asked why I speak so quietly around the house. I said I’m afraid someone’s listening.

He laughed, I laughed. Alexa laughed.

#242 pPrasseur on 02.28.22 at 10:39 am

watching our flag be absconded by fringe, anti-science ‘patriots’ who think of themselves before the common good and the image this portrayed beyond our borders -Garth

Whatever you and others think of these people (or the “science” involved behind the mandates), it is your opinion, you have yours they have theirs, that does not give you the right to cancel fundamental rights on anyone. If you think that was justified then we really do have a problem.

No Canadian’s ‘fundamental rights’ were cancelled. – Garth

#243 VladTor on 02.28.22 at 10:50 am

to #207 canuck on 02.27.22 at 11:45 pm

….I nor this Country owes you anything and you don’t speak for all Canadians so drop the drama.

**********

Learn to conduct a conversation politely and not be rude, especially if you don’t know who you’re talking to. A person gets personal only when he has no arguments to argue with.

First of all, I’m Canadian, whether you like it or not. I emigrated quite a long time ago and worked hard. I even earned two pensions and you used my company’s products 100%.

Secondly, Canada is a democratic country where you can express any opinion in a non-violent form. It’s written in the constitution and you don’t seem to know it. I can confirm that Canada is a real democratic country because I worked in the elections 3 times.

Third , there are a lot of expats on this blog of Garth’s and they also worked hard because they are here and are interested in economics and finance. It may be that they can evaluate your rather indecent attack in my direction as an attack in their direction.

Fourth, you are extremely naïve in the world economy and do not know many things if you think that the current sanctions will not affect you.

Fifth, it would be polite of you to apologize to me for your stupid passage – it’s your choice. I don’t take offense at you.

#244 VladTor on 02.28.22 at 10:55 am

to #221 earthboundmisfit

Don’t care about this.
Nothing will happen. I’ve been scared many times before. Well, they will take it away for 1 day and then return it. How can you be taken away for nothing in a democratic country-any court will quickly explain this.

#245 Yukon Elvis on 02.28.22 at 10:56 am

Anonymous: the hacker collective that has declared cyberwar on Russia
The group has claimed credit for hacking the Russian Ministry of Defence database, and is believed to have hacked multiple state TV channels to show pro-Ukraine content

https://www.theguardian.com/world/2022/feb/27/anonymous-the-hacker-collective-that-has-declared-cyberwar-on-russia

#246 Blacksheep on 02.28.22 at 10:57 am

Azat # 231,

“What would US do if country on it border would start excepting military bases from Russia / China?”
———————————–
Shhh…we are trying to maintain a narrative here…

(‘Bay of Pigs’ rings a bell?)

That was 60 years ago during the Cold War and was a ragtag, limited, non-governmental action. Is that the best you can do? – Garth
————————
Maybe not the best, but definitely the most obvious low hanging fruit, most adults over 40 can relate to.

If the shoe fits….

It doesn’t. – Garth

#247 Ponzius Pilatus on 02.28.22 at 10:59 am

Olaf Scholz says he wants to increase Germany’s military
spending to 2% of GDP.
I wonder what the neighbours will think about the idea of Germany arming up again.
And he also has to content with the Constitution and his partners in the Coalition.
Whatever happened to the “peace dividend”?

#248 Elon Fanboy on 02.28.22 at 11:03 am

#227 Darhma Bun “ I can’t figure out the endgame in this conflict.”

A internal coup is our best hope now I think. The alternative is too horrific to contemplate.

I can’t see Putin backing down now. Either his Military removes him or the Russian billionaires getting squeezed will.

#249 Kyle on 02.28.22 at 11:03 am

Did you see the thousands of protestors being stomped and arrested in Russia… Reminds me a lot of what happened in Ottawa. Our government keeps taking steps towards the same type of behavior. You have to have your eyes closed to not see it.

The Ottawa Truck People were left to siege the downtown for almost a month, then given two days to clear the area and leave in peace, without arrest. You are the one with closed eyes, and mind. – Garth

#250 Naz on 02.28.22 at 11:13 am

Well said, and poignant.

One has to be incredibly delusional to claim a lack of freedoms, while occupying a major city, in a hot tub, in the the middle of the street.

Not to mention the fact that it was clear all our federal and provincial govs were starting to get rid of COVID mandates anyway.

#251 Ponzius Pilatus on 02.28.22 at 11:21 am

247 Naz on 02.28.22 at 11:13 am
Well said, and poignant.

One has to be incredibly delusional to claim a lack of freedoms, while occupying a major city, in a hot tub, in the the middle of the street.

Not to mention the fact that it was clear all our federal and provincial govs were starting to get rid of COVID mandates anyway.
####################
Haha.
“The Hot Tub Revolution”.
Only in Canada, you say.
Pity!

#252 Islanddave on 02.28.22 at 11:39 am

#8 ponzie
I’m pretty sure the Germans are just returning where they were in the fairly recent past. The neighbours didn’t seem excited about it as far as I recall. I think by definition there has to be peace for there to be a peace dividend

#253 willworkforpickles on 02.28.22 at 11:51 am

#160 CJohnC

Good article.
A major flash-point that could bring Nato directly into the conflict.

#254 Don Guillermo on 02.28.22 at 11:51 am

Are some folks getting the “Bay of Pigs” confused with the “Cuban Missile Crisis”?

#255 Trawna on 02.28.22 at 11:55 am

“Did you imagine a European war in your lifetime? A stable, democratic, modern country with more citizens than Canada being rolled over by tanks?”

I’ve seen plenty of wars in Europe and I’m not even that old. Yugoslavia, Serbia/Kosovo, Crimea, Donbas, Russia/Georgia, Transdniestria, etc.

What’s different now is that the US-led alliance is being threatened, which is important to us, but let’s not ignore all the other stuff.

Also lol at Ukraine being democratic and modern. It’s only both of those things if Russia is those things, what with the kleptocratic oligarchy and the anemic unchanging GDP/capita. Ukraine is no Poland.

#256 G on 02.28.22 at 12:14 pm

Hi #28 Linda,
I agree with you 100% on,
“War – or ‘armed conflict’ as some like to say – is such a waste. It destroys lives, livelihoods, infrastructure, society in general.”
And I too hope it ends ASAP, yesterday would be better, for all people and kids cot in the middle.

#257 WTF on 02.28.22 at 12:19 pm

An Anti Vax freedum story.

Friend has a Business in BC. Customer from Edmonton shows up in his yuuuge truck with the obligatory Canadian Flag flapping, Uh Oh.

My friend asks they put on the (mandated here in BC)masks whilst he shows them around (indoors).
” we dont have masks.”
“No problem I have some for you”
” We don’t wear masks, freedom”
“But it’s mandated here in BC, You will have to wear one”.

After 10 min of talking to a brick disguised as human with the “discussion” becoming increasingly verbose. My exasperated buddy finally says” get off my property right now or I’m calling the police”

The blockheads reluctantly leave, friend gets a call some time later and they had a “truck problem, could they come back if they promise to wear masks?”

“Nope, you burned that bridge. You are not welcome”
He was told “we are praying for you”

Several hours back to Edmonton for the apparently religious by convenience Mensa candidates.

Friend lost significant revenue for his principles and doesn’t regret it at all, the disgusting display of childish antics made his blood boil.

#258 marnic on 02.28.22 at 12:31 pm

#198 VladTor

Yeah, your one-line of concern about other countries was spectacularly eclipsed by three further paragraphs of utter drivel indicating that this is actually all about you. Too funny.

#259 All lies and manipulated on 02.28.22 at 12:37 pm

We are winning…..my Grand parent’s immigrated to Kanada from Ukraine to escape WWII. Putin needs to be put in a box.
Ukrainian’s are tough as hell.
We will win.

#260 Michael in-north-york on 02.28.22 at 12:41 pm

#202 DON on 02.27.22 at 11:10 pm
What is your opinion based on?
===

I can read and understand Russian quite well, and Ukrainian sufficiently to get the story. I’ve been following this conflict for years, but didn’t see a reason to discuss it publicly until the current dramatic escalation.

#261 alf on 02.28.22 at 12:44 pm

Few (if any) are ashamed to be Canadian. Many feel shamed, however, watching our flag be absconded by fringe, anti-science ‘patriots’ who think of themselves before the common good and the image this portrayed beyond our borders. Your post seeks to deliberately twist my meaning. Don’t do that again. – Garth
————–

Your frontal assault on Sail away is replete with tired Covid cliches. Pretty good indication that you are using the collective/hive mind to think rather than your own.
Who are you to deem Canadians, many of whom have been Canadians for generations, “fringe?”
Secondly, are you a Scientist, a Virologist, an Epidemiologist? If not, then who are you to determine that anybody, or any group is “anti-science?”
Thirdly, all of this talk of the “common good” going around lately sounds pretty friggin communist to me.
Lastly, we are clearly going through a period of major social change/upheaval in this country. Who cares what the neighbors think?

#262 jess on 02.28.22 at 12:48 pm

35 on the list

Russia warns EU it could cut ties over sanctions

Published 12 February 2021

On February 12, 2021 Russian Foreign Minister Sergei Lavrov announced that Russia is ready to break its relations with the EU should it introduce new sanctions, saying ‘if you want peace, prepare for war’.[15]

On September 23, 2021 press secretary of Russian Foreign Ministry, Maria Zakharova, warned the United States against ‘ill-considered move on the sanctions track’ in relation to the Congress’ plans on the introduction of new sanctions against Russian officials.[16]

https://en.wikipedia.org/wiki/Navalny_35

https://interfax.com/newsroom/top-stories/72750/

#263 Don Guillermo on 02.28.22 at 12:49 pm

#257 WTF on 02.28.22 at 12:19 pm
An Anti Vax freedum story.

Friend has a Business in BC. Customer from Edmonton shows up in his yuuuge truck with the obligatory Canadian Flag flapping, Uh Oh.

******
Come on. There must be a few more Alberta stereotypes you could cram into your friends little story.

#264 Stoph on 02.28.22 at 12:49 pm

Thanks for the post Garth. It’s a good reminder of how good we have it in Canada and that when some of the strongest English words such as tyranny, terrorism, or racism are used to describe things in Canada, they mean something completely different in other regions of the world.

#265 Michael in-north-york on 02.28.22 at 12:52 pm

#212 Rodney Martin on 02.28.22 at 2:48 am

A stable, democratic, modern country…

Ukraine? Unstable (recent ongoing civil war, multiple incursions and invasions), undemocratic (manipulated by outside influences from Russia and the US continually, shut down media, jailed political adversaries…), falling behind (massive corruption, poverty, stagnant growth, low GDP, massive inequalities)
===

Ukraine is not “undemocratic”. In their 30 years of independence, they had 6 presidents. All of them duly elected, and most of them (with one exception) duly transitioned their powers to the next president-elect.

Unstable? Yes, since 2014 when Putin engineered that instability. Before that, they had no instabilities.

Massive corruption? That’s true. Corruption is a common plague in nearly all countries that once were parts of the Soviet Union; Ukraine is no exception. However, not a good reason to invade them and murder their civilians.

#266 THE DANDADA on 02.28.22 at 12:52 pm

6 YEAR OLD GIRL KILLED…… While we all watch and do nothing.

https://www.cnn.com/2022/02/28/europe/gallery/ukraine-girl-killed/index.html

#267 Michael in-north-york on 02.28.22 at 12:56 pm

#248 Elon Fanboy on 02.28.22 at 11:03 am

#227 Darhma Bun “ I can’t figure out the endgame in this conflict.”

A internal coup is our best hope now I think. The alternative is too horrific to contemplate.

I can’t see Putin backing down now. Either his Military removes him or the Russian billionaires getting squeezed will.
===

Yes. That would be the least dramatic / least harmful of all possible outcomes.

#268 James on 02.28.22 at 12:57 pm

#249 Kyle on 02.28.22 at 11:03 am

Did you see the thousands of protestors being stomped and arrested in Russia… Reminds me a lot of what happened in Ottawa. Our government keeps taking steps towards the same type of behavior. You have to have your eyes closed to not see it.

The Ottawa Truck People were left to siege the downtown for almost a month, then given two days to clear the area and leave in peace, without arrest. You are the one with closed eyes, and mind. – Garth
____________________________________________
Well said Garth.

What we should have done in Ottawa was to send in two dozen retired Ukrainian veterans to clear out the garbage on day one. They would have shown the Neos what freedom is all about when you really need to fight for it.

#269 R on 02.28.22 at 1:21 pm

Nice post very pro Canadian stance on the potential for war. After years of overspending and rising inflation with the end of the pandemic apparently in sight how are we going to unlock preloaded stimulus? Oh yeah how about a war. The Actor turned President is a proud disciple of the WEF as is our PM and Finance minister what does the great reset do to the finances of the average Canadian? You will have nothing and be happy. Turning this article into a personal rant on people who don’t agree with you was very distasteful. Anti mask is just something used to discredit rational thought. If the pageantry of this government response allows you comfort , that’s fantastic but being able to read allows you to try and find information for yourselves. Some people like health officials to show them the safety data on a piece of PPE or the claims to prove the efficacy of MRNA injections still only approved for emergency use or Social distancing or at the very least masks vs a virus. This Pandemic should have had us stacking our dead like cordwood yet the death rate remained stable with the bulk of the dead being at or above the average age of death in Canada. Not everyone who disagrees with you is an idiot and calling people names is something your prime minister has made mainstream. I don’t care if you disagree or hate me for not accepting your take on what freedom should mean to me or anyone but freedom in a democratic society should be protected by those in positions of power. You may be embarrassed by people who don’t agree with 2 years of ineffectual governmental interference in our medical system but when this all clears up and all the investigations into where the unaccounted billions of Canadians tax dollars went you may need to revisit what you should have been embarrassed about.

#270 KLNR on 02.28.22 at 1:47 pm

@#249 Kyle on 02.28.22 at 11:03 am
Did you see the thousands of protestors being stomped and arrested in Russia… Reminds me a lot of what happened in Ottawa. Our government keeps taking steps towards the same type of behavior. You have to have your eyes closed to not see it.

The Ottawa Truck People were left to siege the downtown for almost a month, then given two days to clear the area and leave in peace, without arrest. You are the one with closed eyes, and mind. – Garth

lol, time to grow the F up Kyle.

#271 DON on 02.28.22 at 1:48 pm

@161 alf

“Thirdly, all of this talk of the “common good” going around lately sounds pretty friggin communist to me.”

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

A little loose with your thinking. Starting to point the, ‘you must be a communist’ finger. Willy would be ashamed alf.

Common….not commune. Blank stare!

#272 Pamela on 02.28.22 at 1:50 pm

Well said, Garth. Zelensky has proven to be a courageous man and a true leader – rare these days.

#273 Zed on 02.28.22 at 1:51 pm

“Joly condemned the arrests of Russian citizens who have protested the war in demonstrations across their country”

This is from our foreign minister today at the UN in Geneva. Obviously she has forgotten 200 protesters arrested in Ottawa 2 weeks ago.

They were left alone to protest in Ottawa, unobstructed, for three weeks, then allowed to leave without arrest. Idiot comment. – Garth

#274 WTF on 02.28.22 at 2:14 pm

#263 Come on. There must be a few more Alberta stereotypes you could cram into your friends little story.
——————————————————————–

Naa they did that on their own, quite impressive actually. ticked every box, soo predictable.

They chose the wrong person to try their pathetic stunt on.

#275 alf on 02.28.22 at 2:17 pm

#271 DON on 02.28.22 at 1:48 pm
——-

Is the term Pinko still in vogue?
Do you prefer a softer shade of red?

#276 jess on 02.28.22 at 2:17 pm

fringe:
something regarded as peripheral, marginal, secondary, or extreme in relation to something else

EU black list /grey lists / codes of conduct

offhore name and shame

BEPS

According to the NGO Transparency International, more than 85,000 properties in the UK are owned anonymously by entities registered abroad.

EU capitals concerned UK is not ensuring identity of real estate owners known in event of sanctions
gives the UK government powers to freeze the assets of individuals linked to the Russian state in the event of an invasion of Ukraine but fails to “capture” property owned via anonymous offshore structures.

https://www.theguardian.com/politics/2022/feb/28/russian-oligarchs-in-uk-face-new-laws-tackling-dirty-money

Claim:
Progress Residential, acquires as many as 2,000 houses a month with a computerized property-search algorithm and rapid all-cash offers. Progress executives boast that the company’s efficient management practices have been a boon to their tenants.

https://www.icij.org/investigations/pandora-papers/how-a-billion-dollar-housing-bet-upended-a-tennessee-neighborhood/

The sanctions list accuses Timchenko of multiple links to forces “destabilizing Ukraine.” The sanctions list also includes three banks: Rossiya, Promsvyazbank, IS Bank, GenBank, and the Black Sea Bank.

ICIJ and BuzzFeed News’ 2020 FinCEN Files investigation found that after Boris Rotenberg and his brother Arkady Rotenberg were sanctioned by the U.S. in 2014 in response to Russia’s invasion of Crimea, they transferred substantial assets to their sons, who were also later sanctioned. A representative for the Rotenbergs confirmed to ICIJ’s media partner Süddeutsche Zeitung that Arkady transferred several of his companies to his son Igor at the time, saying it was “compliant with all applicable laws and regulations” and that “sanctions were not breached.” Igor Rotenberg is named in the U.K.’s newly announced sanctions.

#277 Cordite stained wretch on 02.28.22 at 2:23 pm

” #62 Elon Fanboy on 02.27.22 at 4:36 pm

Well at this point I’m not believing anything I’m seeing on Social media or the news.

Everything is hyped into viral oblivion, with no fact checking or verification.

Turns out the Snake Island massacre may be fake news.

https://www.washingtonpost.com/national-security/2022/02/26/ukraine-russia-snake-island/

The fog of war.”

Wow. You are actually surprised that a real war also involves a whole bunch of information warfare, just like in every other single war that has ever happened anywhere. That there is a whole new level of obliviousness.

#278 Michael in-north-york on 02.28.22 at 2:38 pm

#266 THE DANDADA on 02.28.22 at 12:52 pm

6 YEAR OLD GIRL KILLED…… While we all watch and do nothing.

https://www.cnn.com/2022/02/28/europe/gallery/ukraine-girl-killed/index.html
===

We can’t do a lot but we can do something:

https://ukraine.ua/news/donate-to-the-nbu-fund/

https://donate.redcross.ca/page/100227/donate/1?locale=en-CA

https://www.openpetition.eu/petition/online/people-around-the-world-ask-nato-to-close-the-airspace-over-ukraine

#279 jess on 02.28.22 at 2:52 pm

crowded elevator :is this efficiency you speak to?

According to one county property assessor, these firms are “equity-mining” communities and “removing generational wealth for an entire demographic of people.”7 In the third quarter of 2021, investors spent over $63 billion to purchase more than 90,000 homes, an increase of over 80% compared to the same point last year.8 Investor activity accounted for more than one of every four single-family home purchases (26.8%) by September 2021, up from 15.4% at the same point in 2020.9…
When Zillow’s home-flipping efforts failed last year, resulting in an inventory of thousands of homes needing to be offloaded, they turned to institutional landlords, providing off-market listings to investors flush with cash.13 Zillow and other iBuyer tech firms “suck up houses from the ordinary market and sell them to Wall Street,” which only serves to strengthen their hand over individual homebuyers.14

https://www.documentcloud.org/documents/21179079-warren-american-homes-4-rent

#280 Blacksheep on 02.28.22 at 2:55 pm

Clarification for Don # 254:

“The Bay of Pigs and the Cuban Missile Crisis, 1961-1962”

“In early 1961 President John F. Kennedy concluded that Fidel Castro was a Soviet client working to subvert Latin America. After much debate in his administration Kennedy authorized a clandestine invasion of Cuba by a brigade of Cuban exiles. The brigade hit the beach at the Bay of Pigs on April 17, 1961, but the operation collapsed in spectacular failure within 2 days. Kennedy took public responsibility for the mistakes made, but remained determined to rid Cuba of Castro.

In November 1961 Kennedy approved Operation Mongoose, a secret plan aimed at stimulating a rebellion in Cuba that the United States could support. While the Kennedy administration planned Operation Mongoose, Soviet Premier Nikita Khrushchev secretly introduced medium-range nuclear missiles into Cuba. U.S intelligence picked up evidence of a general Soviet arms build-up during routine surveillance flights and on September 4, 1962, Kennedy issued a public warning against the introduction of offensive weapons into Cuba”
————————–
https://2001-2009.state.gov/r/pa/ho/time/ea/17739.htm

According to the US Department of State: ‘Bay of Pigs’ was officially sanctioned by Kennedy, not some rouge actors. This along with the ‘Cuban Missile Crisis’ clearly display that the US of A took swift action to stop the USSR from placing ballistic missiles, on its door step.

Not condoning Putin’s action in the Ukraine, just pointing out sovereign nations will step outside their borders when a perceived threat arises, USA included.

John Perkins book: ‘Confessions of an Economic Hit Man’ makes for a very relevant read with the events now unfolding in Ukraine. The book exposes in detail how the USA’s own regime change actions globally, confirms they have no claim to clean hands.

#281 VladTor on 02.28.22 at 2:58 pm

to #258 marnic on 02.28.22 at 12:31 pm

I agree with you. It’s much easier to talk about someone and avoid the subject matter. After all, no one has ever answered me whether they are willing to pay more for everything as a result of stupid sanctions.

Here is an example of how sanctions actually working. Even after the annexation of Crimea to Russia, many sanctions were imposed. As a result, Russia introduced counter-sanctions and Europe lost billions of dollars in exports to Russia. But!!!! ….the United States, which forced everyone to impose sanctions, increased trade with Russia. Well, for example, oil exports (surprised!!!) have increased significantly. Yes, the United States exports oil from Russia.

Here is the example of Canada – under pressure from the United States, Canada forced our Bombardier to terminate the agreement on joint production of aircraft in Russia. Russia began to produce its own similar aircraft. And what about the US Boeing? On the contrary, he increased the production of titanium parts for his aircrafts at the plant in Russia. Did they close plant? No! Did they stop exporting parts? No!

Everything according to the old scheme “Everything that is profitable for General Electric is profitable for the United States”. Don’t remember who told that.

Do we need such sanctions to the detriment of our economy?

#282 jess on 02.28.22 at 2:59 pm

As Catholic order fought sex abuse claims, secret trusts devoted to it poured millions into American rental properties

Leaked files reveal nearly $300 million stashed overseas for the Legion of Christ in wake of Vatican investigation. Millions were invested with a corporate landlord that evicted struggling U.S. tenants during pandemic.

https://www.icij.org/investigations/pandora-papers/legion-of-christ-us-property-evictions-offshore/

#283 wiggleroom on 02.28.22 at 3:08 pm

I can’t believe some of the comments here Garth, and the amount of crap you have to wade through every day on this blog. It should be obvious to everyone in the free world that there is zero comparison between Canada’s public health and safety measures and Ukraine’s being bombed and invaded. Please people. Have some decency and perspective on this. Canada is not a war zone.

#284 DON on 02.28.22 at 3:12 pm

#275 alf on 02.28.22 at 2:17 pm
#271 DON on 02.28.22 at 1:48 pm
——-

Is the term Pinko still in vogue?
Do you prefer a softer shade of red?

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

I prefer the red in the Canadian flag.

Face it…that comment was stupid to say the least.

Go project somewhere else.

#285 Don Guillermo on 02.28.22 at 3:12 pm

#274 WTF on 02.28.22 at 2:14 pm
#263 Come on. There must be a few more Alberta stereotypes you could cram into your friends little story.
——————————————————————–

Naa they did that on their own, quite impressive actually. ticked every box, soo predictable.

They chose the wrong person to try their pathetic stunt on.
******

Hahaha, your “business friend” sounds tough. Great story though.

#286 wiggleroom on 02.28.22 at 3:13 pm

BTW all you rich Greater Fool blog readers out there (those of you with a heart, anyway) – the Gov of Canada is matching donations to the Red Cross for humanitarian efforts in Ukraine. Please donate!

https://donate.redcross.ca/page/100227/donate/1

#287 Trevor on 02.28.22 at 3:27 pm

Imagine being such a crybaby wanker that you can’t even put a tiny piece of paper over your mouth for 5 minutes, while going into a store to buy cheetos to stuff your fat face.

#288 Calgary Rip Off on 02.28.22 at 3:51 pm

Garth thanks for your input.

I agree that this protesting over masks and vaccines is inappropriate. I do believe in the choice of whether to vaccinate or wear masks. I will continue to wear masks after tuesday in public as its more work to risk infection and express emotions.

Thinking that a person lacks freedom is ridiculous. Perhaps these people should be in physical pain for essentially 24 hours a day. Then “freedom” takes on a different perspective as essentially your body becomes your private hell.

And this is precisely why people should consider if not obtain vaccinations and masks. If people are not still convinced of covid risk, maybe watch some grand rounds about Covid from Harvard, 2020.

I read some of the posts from Calgarians and Albertans on here. Am I surrounded by so many wankers in this province? I think so. It amazes me that so many dollars were squandered in this province given the vast oil resources. And many are one paycheck away from this: https://calgarysun.com/news/local-news/action-needed-to-curb-safety-crisis-on-ctrains-councillors/wcm/1755b4f7-95dc-41dd-9a13-5b15dacc8986

Every day I count my blessings and think before I decide to react actually and emotionally to threats, constantly in Calgary, to my well being. Calgary is a hellhole. The only thing keeping me here is a decent paying job. Everything I am grateful for.

#289 TheDood on 02.28.22 at 3:56 pm

#249 Kyle on 02.28.22 at 11:03 am
Did you see the thousands of protestors being stomped and arrested in Russia… Reminds me a lot of what happened in Ottawa. Our government keeps taking steps towards the same type of behavior. You have to have your eyes closed to not see it.

The Ottawa Truck People were left to siege the downtown for almost a month, then given two days to clear the area and leave in peace, without arrest. You are the one with closed eyes, and mind. – Garth

__________________________________

Nobody was hurt, no buildings burned, little (if any) damage, there was certainly inconvenience for residents and businesses, but there is no comparing protests in Canada to protests in Russia. The police over here don’t wade into crowds beating and stomping anyone. The truckers – whether you agree with them or not – are allowed to protest. Democracy at work.

#290 alf on 02.28.22 at 3:57 pm

#279 DON on 02.28.22 at 3:12 pm
——

Not projecting, merely reflecting.
The words common and commune have similar etymology and a common root word for a reason.

I’m an idiot much of the time. I am aware of that fact and I own it. Mostly, I’m just trying to have a bit of fun and make some sense of the mountain of bullshit that surrounds me.
I can say with near certainty that you are also an idiot much of the time, most of us are. The difference between you and me is that you will likely defend that idiocy to the bitter end.

Prove me right.

#291 zxcvbnm on 02.28.22 at 4:00 pm

I don’t trust the official narrative on this Russia Ukraine thing. We’re led to believe that Putin is a crazed mad-man who is attacking for no reason. And Ukraine’s president is a knight in shining armour. Pardon me, and respectfully, think this smacks of propaganda.

And the first few days of this war don’t look right to me. Remember the assault on Baghdad with all of its tracers and green-visioned ordinance lighting up the night. All I can find is half hearted gore, most of can be debunked as being years old.

I’ll hold off on picking a side until I have all of the facts. (read, never, thanks media!) Something stinks here.

#292 Steel City Kid on 02.28.22 at 4:27 pm

#287 Trevor for the win.