The disaster

Whadda week.

War. Global financial disruption. Inflation shocks. Canada rate hike (Wednesday morning at 10 am ET). State of the Union (Tuesday night at 9 pm ET). In the spotlight: Putin, Zelenskyy, Biden and your mortgage.

So, here’s the latest and how it might impact us in the peace-loving and free land of maple.

Russia will soon be in rough shape. The currency collapsed 30% in the last day and the central bank jacked its key rate from 8.5% to 20%. (And we’re bitching about an in crease from 0.25% to .5%. Sheesh.) Russian stocks, as of Monday morning, had lost 43% of their value in 11 days.

So imagine you live in Moscow. Your mortgage rate will explode and the local real estate market has collapsed as a result of reduced credit. Inflation sucks and about to get unbearable as the currency tumbles. Your ruble savings have devalued overnight and your investment portfolio has been creamed. You toy with the idea of changing your wealth into US$, but the queue at the bank is five hours long and it may be closed when you get to the front door. Local ATMs are out of cash. And this is only the first week of a war/occupation your country may not win or hold.

What a disaster.

Of course, life in Kyiv is worse. You can die walking your dog. And let’s remember Ukraine is the breadbasket of Europe. Corn, barley, wheat, sunflower seed – disrupting this will hit the supply chain and hike inflation in the entire continent. There’s more arable land in Ukraine than anywhere else in Europe. Plus minerals. Titanium, uranium, manganese, iron ore, Mercury ore, shale gas, coal. In fact, Ukraine is fourth in the world in terms of natural resources.

Russians lose. Ukraine loses. Europe suffers. Wealth is being destroyed locally, and billions are flowing into safe havens and assets. Do sane people act like Vladimir Putin?

So what about us? You? The kids lusting for houses? Your mortgage rate? Your retirement assets? Is this WW3 starting?

First, the markets. Choppy, volatile, uneasy – as you would expect. Professional traders are weighing the options as events swirl. Not just war, but monetary policy, domestic inflation and corporate earnings.

Off the table is the realistic expectation of global conflict. The US and NATO are not dumb enough to give Putin an excuse to push the red button. But events could get out of hand. It’s war, after all. There are no rules. So the Vix has climbed, markets are unsteady, gold has flared and oil continues to push towards a hundred bucks. Higher inflation and interest rates are a certainty – and both depress equities.

But wars bring market dips, and opportunities, says a new research paper this week. Pennock Ida Hub states “we expect the market will recover from the war scare in a short time,” but it makes sense to deploy capital (if you’ve been sitting on cash) during a time of market panic. Like now. The main show is what the Fed does next, but the Ukraine war is likely to yield a “tactical rebound.”

Why are markets in a funkish mood? Simple. The SWIFT inter-bank messaging system is being nixed for major Russian institutions, and that means European banks will have a harder time getting payments on $56 billion loaned to people living there. Instability. Plus oil’s surge and the commodity price increases for food and other Ukrainian exports now at risk of disruption mean more inflation. Extra upward rate pressure. The 20% CB rate in Russia is an extreme harbinger. And let’s not forget wars are inflationary. So much money spent on metal. More debt. Then billions and billions for reconstructing shattered infrastructure.

Now, let’s see what Uncle Joe has to say tomorrow night. And we already know what the Bank of Canada will do on Wednesday morning. The first of four, or perhaps five, rate increases during 2022.

Advice?

Sure, buy the dip if you’ve been looking for an entry point into equities. But for most people, this is not a time to take action. Never sell into a storm. In fact, just ignore the noise. Stay balanced. Lock up your home loan. Keep out of the housing market. Don’t waste money on bullion.

Hey, and send Mr.Zelenskyy a note. I’m sure he’d appreciate it. Twitter – @ZelenskyyUa. Instagram – zelenskiy_official. I’d give you his email addy, but it just got hacked.

About the picture: “Thanks for continuing to post daily on the Greater Fool; it is appreciated,” writes Martin in BC. “If you’re still looking for dog pics… This is Sadie. The old girl left us in 2018, but in her day was as incredible an athlete as you’ll see. She was her own person for sure, with an unmistakable “live for the moment” attitude. She didn’t so much live her life as seize, embrace, and take it on with unrestrained joy and passion—something that, looking back, I think she was always trying to teach me to do.”

180 comments ↓

#1 mitzerboyakaQueencitykidd on 02.28.22 at 4:13 pm

Dogs are great
beers good

all’s fair in love and war

#2 Billy Buoy on 02.28.22 at 4:14 pm

Russia can afford 20% interest rates….they have very little debt.

We can’t even get to 1%.

Impressive. And oh yeah, .25 rate hike, .50 out of the question.

The people in both countries are an after thought. Putin is a dictator, wanting to add to his BILLIONS and think of the cash Biden and friends are making off all the arms sales.

Same as it ever was…and yet another diversion.

#3 crowdedelevatorfartz on 02.28.22 at 4:15 pm

Canadian Rates up on Wednesday.
My friend is listing his house on Saturday.
Gonna pocket 1.8-2 mil and rent for a few years.

I talked to him yesterday and said, “You’re cutting it pretty close buddy!”

He laughed.

#4 Doug t on 02.28.22 at 4:16 pm

War what is it good for

#5 DON on 02.28.22 at 4:17 pm

I like the intent and spirit of that dog in the picture. Means business.

#6 Søren Angst on 02.28.22 at 4:20 pm

Blog Titles as of late:

The dogs of war.
The Message.
A fine line.
The War.
The Disaster.

Tomorrows Blog Title:

The Second Coming. *

—————-

* “The Armageddon” just didn’t sound right. Ya, I could have dropped the “The” but My Liege min. title word length so far, at least 2.

or

The cats of peace?

#7 ogdoad on 02.28.22 at 4:25 pm

“But wars bring market dips, and opportunities, says a new research paper this week”

Oh, right. It IS a financial blog after all.

Og

#8 willworkforpickles on 02.28.22 at 4:27 pm

When US cities are hit with nukes then WWIII starts.
We’re safe from that for about another 5 or 6 years.
As for RE…enjoy your over priced real estate or the winnings from selling out now for the next 6 years of the rest of your lives.
As for the over indebted and over stressed…your mortgage payments end when they start blowing North American cities off the map.

#9 JAMES-EAT-WORLD on 02.28.22 at 4:27 pm

So you’re saying I should sell my house in the GTA and buy the war dip in the stock market?

#10 Sunshine on 02.28.22 at 4:30 pm

Oh Garth, you always make my day. Thanks for all that you do – keep it up please.

#11 Odif on 02.28.22 at 4:35 pm

I bet you $5 worth of Dog Coins Tiff will not hike on Wednesday.

#12 alf on 02.28.22 at 4:35 pm

That’s a wicked cool dog!

#13 rikk on 02.28.22 at 4:37 pm

Trivial by comparison … home insurance policy renewal … same coverage, same inflation protection … 22% premium increase.

#14 Andrewski on 02.28.22 at 4:40 pm

Market perspective from Guardian Capital. Another Brick in the Wall of Worry. Hopefully the link works.

https://liveshareeast3.seismic.com/i/Na7JlqT4FqJPLUSSIGNeZl5Ij9cNGysjWHal9ulcCC11awLp7vDmFvaCNOkhhhaI7XnYu2wFPLUSSIGNNJ1yJAL4PaIZd___YrKBymbrjyb9WgGLvFjal2D64CD1kuShlPLUSSIGNq4QxUYw9xhdv3A

#15 Squire on 02.28.22 at 4:41 pm

I don’t believe all the propaganda. Imagine the CCP wanted to plant missiles on Cuba or in Mexico. How do you think the USA would respond ? About the same as Putin. Does that make him a crazy, no. I’m not taking sides here. But, Ukraine is corrupt as heck too and Putin made it very clear they are not to join NATO.
The fact that Putin hasn’t levelled any cities like the USA did in Iraq tells me that he isn’t interesting in taking over Ukraine. The MSM has lost some credibility in the past two years so believe what you wish. I prefer to actually read up on the history and what’s happening now instead of staring at the evening new and watching my eye swirl in the reflection like a hipnosis swirl.
The west is also responsible for this mess too.

#16 Dave on 02.28.22 at 4:41 pm

When are we going to see a correction in Canadian real estate. What type of event needs to take place?

There are headlines of 20% potential correction!!!

But no one believes it

#17 PutinPoll on 02.28.22 at 4:43 pm

Survey from blogdogs:

Was Vladimir Putin thinking:
A) Kyiv/Ukraine will fall easily once the Russian tanks march in.
B) My troops will be entrenched in Ukraine for ‘the long haul’.
C) Something else that’s bat shit crazy?

#18 Søren Angst on 02.28.22 at 4:47 pm

BTW, my Region of FVG got its first group of Ukrainian refugees today.

Italia to take 13% of the total number (EU has a formula for this sort of thing, allocation to EU countries).

Video of their faces worth the 1:16 min.

“By any means”
https://www.rainews.it/tgr/fvg/video/2022/02/fvg-profughi-fernetti-arrivo-ucraina-donne-bambini-f2f5a2a3-3945-4f42-9a46-f06ca282542a.html

and our Region president (like a Premier in Canada) gives them his full support:

“Our Region will do its part”
https://www.rainews.it/tgr/fvg/articoli/2022/02/fvg-guerra-ucraina-accoglienza-fvg-presidente-fedriga-profughi-320a5297-d2da-4d88-80d4-d530b6447e8e.html

Glad they are here and not there.

Benvenuti in Italia!

#19 JRinVic on 02.28.22 at 4:48 pm

Found this interesting
https://www.unz.com/lromanoff/ukraine-putin-the-pope-and-wayne-gretzky/

#20 Concerned Citizen on 02.28.22 at 4:49 pm

DELETED – Libel

#21 T-Man on 02.28.22 at 4:53 pm

Just like when 911 happened, the msm has saturated the masses with one sided, biased reporting of the eeeevil Russkies’ attack on Ukraine. Why wouldn’t they? Since the same people who sell the weapons own them too. Not a peep was heard from them, over 8 years, as the Ukrainian leadership bombed their own people. Putin is no angel in this, but neither is the puppet regime ‘Murica installed in 2014. The uneducated masses of the west are screaming for blood again. But instead of eeevilll Muslims hating our freedom, wash, rinse, repeat.

#22 Cowtown Cowboy on 02.28.22 at 4:53 pm

DELETED

#23 Stone on 02.28.22 at 4:57 pm

Russia will soon be in rough shape. The currency collapsed 30% in the last day and the central bank jacked its key rate from 8.5% to 20%. (And we’re bitching about an in crease from 0.25% to .5%. Sheesh.) Russian stocks, as of Monday morning, had lost 43% of their value in 11 days.

———

It’s always a good time to be balanced and globally diversified when it comes to your investment portfolio. Rebalanced 2% of my portfolio from VSB and moved it to XAW Last Friday. I’m grateful every day to have my B&D portfolio. Liquid, easily marketable index ETFs that are regulated with good oversight and transparency while paying lovely divvies.

As a result of the above, Russia, as part of the emerging markets component, accounts for 0.10% of my portfolio. 43% of 0.10%. Hmmm….

#24 Don Guillermo on 02.28.22 at 4:58 pm

#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.
*****************************
Thanks Blacksheep. I wasn’t looking for clarification I lived through it. Some of the commenters on this blog seemed to be confusing the two events.

A key point in the Cuban Missile Crisis that is often left out (sometimes conveniently) is it wasn’t Kennedy staring down Khrushchev and forcing him to withdraw missiles from Cuba so much as it was an agreement that the USA would remove missiles from Turkey and the USSR would back off on Cuba missiles. Much of this history was hidden in US archives until the late 80’s. Possibly some folks on this blog were trying to draw parallels to todays crisis.

#25 Linda on 02.28.22 at 4:58 pm

‘Sadie’ obviously loved to party!

Thanks Garth for another great post. The précis of what the Ukraine has in the way of arable land/resources is to my mind an explanation as to some of the motives behind Putin’s decision to invade. Possibly even the main motive. Given the dire state of the Russian economy all those resources would sure come in handy.

#26 Sail Away on 02.28.22 at 4:58 pm

Luckily, the most powerful and wealthy are actively assisting the Ukrainians.

Elon Musk, for one. Tesla jumped +8% today on news of a new Japanese battery factory, but probably also due to Elon’s selfless humanitarianism.

Also, miners and oil leaping. Nutrien +6%, Vale +4%, LIF +3.5%, CCO +8%, OXY +13%. Anyone who moved into these a few months ago is doing well.

#27 tkid on 02.28.22 at 4:59 pm

Uh, theoretically, if one had gone entirely to cash and is down .8% for 2022, now is the time to buy?

#28 Swanson on 02.28.22 at 5:01 pm

Darn it Garth! Thanks to you, I just sent a fan mail to a politician!

#29 VladTor on 02.28.22 at 5:01 pm

…Garth
So imagine you live in Moscow. Your mortgage rate will explode

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

NO!!!!
Here is official info:

Sberbank increased the cost of mortgages for new buildings and secondary housing by 7.3 percentage points to 18.6% per annum due to the decision of the Bank of Russia to raise the key rate.
This is reported by RIA Novosti with reference to the bank’s press service.

‘From March 1… the mortgage rate for housing under construction and ready — made will start at 18.6%,’ the report says.

The bank noted that no changes will be introduced for already issued consumer and mortgage loans.

I REPEAT:

The bank noted that no changes will be introduced for ALREADY ISSUED consumer and MORTGAGE loans.

Of course not. Until renewal. Then, pow. Meanwhile the RE market tanks, creating negative equity for many. – Garth

#30 Ed on 02.28.22 at 5:02 pm

I love this Zelenskyy. Doubt he ever considered faking Covid when Russia invaded.

Brave beyond reproach and a refreshing example for all politicians to try follow.

#31 Big Bucks on 02.28.22 at 5:02 pm

Bitcoin is a different mindset but 2-3% of a portfolio is prudent.Apparently it’s all the rage right now in Russia and with criminals.It should easily bust through $100,000 the longer this conflict goes.

Thoroughly bad idea. – Garth

#32 T-Man on 02.28.22 at 5:06 pm

When the next tanker of Saudi oil docks on the east coast, remember the people of Yemen. If you armchair generals know where that is. In Yemen real hospitals get bombed, and real cluster bombs are dropped. Shed a crocodile tear for the starving, traumatized non white children of Yemen, you hypocrites.

#33 Big Bucks on 02.28.22 at 5:12 pm

According to reliable sources Russia owns $214 billion in various cryptocurrencies.A good salary in Russia is $10,000 so that should keep the people away from the door for a couple years—maybe even a little raise is in order.

#34 Yukon Elvis on 02.28.22 at 5:13 pm

The Kyiv [email protected]·13m⚡️
PM Justin Trudeau: Canada to impose new sanctions prohibiting all imports of Russian crude oil, a commodity that enriched Russian dictator Vladimir Putin and the Russian oligarchs surrounding him.
+++Energy East Pipeline perhaps ? Hmmmm. Maybe Northern Gateway as well.

#35 SW on 02.28.22 at 5:15 pm

Just walked by the local dog park. About a half dozen dogs were running joyous rings inside the fence while their mums and dads stood in a worried knot fretting.

As the man says, dogs know what’s important!

#36 Putin Revolt on 02.28.22 at 5:16 pm

And your MP an email to send more arms.

#37 JOHN PICKETT on 02.28.22 at 5:16 pm

Odd that such a well written article received no comments yet. A couple of days ago I posted a list of sovereign nations that the USA has invaded since 1800. I apologize for forgetting the Vietnam War which created a decade of stagflation in the Western world. Wars are a horrendous destroyer of wealth. Do not think for a minute that the West is going to get off scot free and pain free. Watching CNN is like watching a small town media outlet boosting the local high school football team. Completely biased. Where is the USA going to buy all that oil that will be soon boycotted? Where is the EU going to replace relatively cheap Russian natural gas? Where is the West going to replace Russian nickel and aluminum? Not to mention grain exports to poorer countries. The media is gloating how the Russians are taking a financial drubbing, but guess what? There is lots of financial pain in the pipeline for the West. Inflation, and lots of it. After my last post a person suggested me getting a one way ticket out of Canada. He/she would fit right in with government circles in Moscow: silence dissent. One of Canada’s greatest weaknesses in my opinion is multi-culturalism: the persistence not to assimilate. We are getting to be a country of hyphenated Canadians like Ukrainian-Canadians, Sikh-Canadians, Muslim-Canadians. What ever happened to Richard Nixon’s The Silent Majority? Right now I read where Justin is going to send anti-tank weapons to the Ukrainians. Who is calling the shots in Ottawa: Justin or Christia? Does Christia Freeland not have a conflict of interest in the matter? Apparently her maternal mother is high up in Ukrainian circles. That is a conflict of interest in my view and she should be recused from this file. Wars are pretty easy to start and a bugger to end. Try reading Ken Follett’s latest novel and see how a minor crisis ends up nuclear. Available at your local bookstore. JOHN PICKETT

#38 VladTor on 02.28.22 at 5:24 pm

Of course not. Until renewal. Then, pow. Meanwhile the RE market tanks, creating negative equity for many. – Garth

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

May be Yes may be NO. I sure after renewal will be same like before. For now b’s situation. If I find details I let you know later.

Government have enough money to help builders or banks.

What a Putin apologist you have become. – Garth

#39 The West on 02.28.22 at 5:28 pm

https://www.youtube.com/watch?v=pKcmNGvaDUs&t=2285s

#40 Ponzius Pilatus on 02.28.22 at 5:31 pm

#16 Ed on 02.28.22 at 5:02 pm
I love this Zelenskyy. Doubt he ever considered faking Covid when Russia invaded.

Brave beyond reproach and a refreshing example for all politicians to try follow.
————————
Not sure about the guy.
From Comedian to “Defender of the Free World”.
I hope all this ends soon, but if the Ukraine wants entry into the EU and NATO, he has a lot of cleaning up to do.
Especially on the corruption side.

#41 Felix on 02.28.22 at 5:33 pm

“The disaster” is correct.

Having even one dog is the most avoidable disaster for humans.

Instead, have a balanced and diversified clowder of cats.

It will make you smart, rich and help avoid war.

#42 Squire on 02.28.22 at 5:34 pm

If you read Putin’s speech he doesn’t come across as crazy.

https://www.aljazeera.com/news/2022/2/24/putins-speech-declaring-war-on-ukraine-translated-excerpts

“ For the United States and its allies, this is the so-called policy of containment of Russia, [which brings] obvious geopolitical benefits. And for our country, this is ultimately a matter of life and death, a matter of our historical future as a people. And this is not an exaggeration – it is true. This is a real threat not just to our interests, but to the very existence of our state, its sovereignty. This is the very red line that has been talked about many times. They crossed it. “

#43 Søren Angst on 02.28.22 at 5:34 pm

#15 Squire

Please contact:

@KremlinRussia_E
@mfa_russia

They are in need of convincing and talented writers such as yourself.

Surprisingly and oddly, they make the SAME argument as you:

https://twitter.com/mfa_russia/status/1498336076229976076

Did you tip them off? Or did they tip you off?

Uphill battle for your talents though, you need to read the Replies.

——————-

BTW, please put your name to any Twitter communique on their behalf so we here in the European Union can reserve a seat for you at:

The Hague.

#44 Sarah on 02.28.22 at 5:36 pm

Zero understanding of current global politics. Putin is not a bad guy- Blowing up all of the US/DOD biolabs in Ukraine. Mr. -“You will own nothing” Klaus and the WEF are crying for help. What do you think is happeneing when a Rothschild Banker(Klaus) needs help from the UN?? Biden/hunter and all of their money laundered billions in Ukraine being exposed- as the Ukraine Government has already done a news conference on.

#45 Reality is stark on 02.28.22 at 5:38 pm

Putin just sealed his own end game much earlier than was necessary.
The void will need to be filled.
The obvious choice would be a democratic Russia led from within.
However the Chinese have other thoughts. They too do not want the west too close to Beijing. Do not be surprised to see them take Russia while Russia gets weaker. NATO would be taken completely by surprise as the focus remains on Taiwan. Russia is a much more lucrative prize.
Be careful what you wish for in your gloating regarding Ukrainian resistance.
The time is now for Biden to warn China that they are on watch. The stakes are high and getting higher by the minute.

#46 NOSTRADAMUS on 02.28.22 at 5:39 pm

THE END GAME.
Whatever adverse economical consequences are heading our way as a result of this conflict we are going to suffer anyway. Sanctions themselves will bring little further loss. In any case, there are much more important issues at stake.
Several years before his recent death , the brilliant historian Norman Stone gave us a warning. He wrote, ” With the Ukraine, Russia is a USA, without, she is Canada- mostly snow.” Hardly anyone took any notice and most of those who did will have thought this is a gross exaggeration. But President Putin appears to believe it. For the doubting Thomas’s, this is the end game in a nut shell. One way or another, sooner or later, the Ukraine is about to fall. For those with different opinions, let’s take a moment and focus on some “Real Facts.” Sleep tight my beauties.

#47 Buy now on 02.28.22 at 5:40 pm

The market in a panic?

Meh, stocks are still in the same down range since Jan 1.

Commodities are in the same up range for the last year.

And interest rates will keep edging up until things start breaking somewhere.

Unprecedented debt for an unprecedented time at unprecedented low rates tell me to just get some popcorn and wait flush with cash because the slow motion wreck is far from over.

#48 Mark Mywords on 02.28.22 at 5:41 pm

#1 Squire on 02.28.22 at 4:41 pm

I don’t believe all the propaganda. Imagine the CCP wanted to plant missiles on Cuba or in Mexico. How do you think the USA would respond ? About the same as Putin. Does that make him a crazy, no. I’m not taking sides here. But, Ukraine is corrupt as heck too and Putin made it very clear they are not to join NATO

——-

Funny that you write your post, but then admit your naivety.

Let me enlighten you. There are a few reasons why Putin is making this advance.

It is a strategic access point to Russia from the east. To the north and south respectively are Belarus and Moldova. They are part of a regime that aligns itself with Russia. Ukraine would be the logical choice for an aggressor.

The Crimea region, which Russia took over in 2014, is the home to some of the largest oil and gas reserves in the world. Russians are having difficulty with habitation because Ukraine turned off the only source of fresh water when it was annexed.

The obvious natural resources that it would inherit from Ukraine. Ukraine ranks high as an exporter of many commodities.

The savings it would realize if it could run its pipeline directly thru Ukraine to Europe and especially Germany instead of having to route it hundreds of miles further. Also there would be no expensive tolls to pay Ukraine.

Most importantly… The previous Ukrainian regime was the corrupt one. He and Putin were bum buddies until the people ousted his butt nearly a decade ago.

#49 crowdedelevatorfartz on 02.28.22 at 5:42 pm

@#32 Tea-man
“Shed a crocodile tear for the starving, traumatized non white children of Yemen, you hypocrites.”

+++

Ahhh yessss
Deflect our conversation from the unnecessary war in Ukraine to….
Yemen.

A cesspool of endless warring tribes that no country has ever really conquered. Britain tried and ultimately left.
The last leader to rule the entire country before it devolved in a Hospital bombing, al Qaeda butcher shop …

“Ruling Yemen is like dancing on the heads of poisonous snakes”

#50 Squire on 02.28.22 at 5:43 pm

#43 Søren Angst on 02.28.22 at 5:34 pm
————————————————

very funny…. you need to educate yourself more. Stop swallowing all the propaganda. Propaganda goes both ways don’t you know.
The history of the land is available and free to read for those that aren’t lazy.
Do you also agree the USA did accomplished something great in Iraq and Afghanistan ? LOL Sheesh

#51 T- Man on 02.28.22 at 5:44 pm

I demand all warmongers and hate saturated armchair generals will ship out with all the lethal weapons YOU demand we ship to Ukraine. Some of your comments seem unhinged: head on a pike? Cap in his ass? Big words from small minded soy boys. YOU go and show the Russkies what for. Here’s your rifle, here’s your helmet, don’t let the door hit you in the ass on the way out.

#52 Neo on 02.28.22 at 5:44 pm

Backed into a corner, Russia will use nukes. If not for two Russian commanders disobeying orders, this would have already occurred years ago.

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

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

Now may be a good time to use up your accumulated vacation time

#53 Yukon Elvis on 02.28.22 at 5:45 pm

#40 Ponzius Pilatus on 02.28.22 at 5:31 pm
#16 Ed on 02.28.22 at 5:02 pm
I love this Zelenskyy. Doubt he ever considered faking Covid when Russia invaded.

Brave beyond reproach and a refreshing example for all politicians to try follow.
————————
Not sure about the guy.
From Comedian to “Defender of the Free World”.
I hope all this ends soon, but if the Ukraine wants entry into the EU and NATO, he has a lot of cleaning up to do.
Especially on the corruption side.
++++++++++++++++
Zelenskyy and Ukraine inherited what they have now from decades of being a part of the Soviet Union. He did not create the system of corruption, he inherited it and is trying to change it. They are a young country trying to democratize and modernize. I wish them all the best and support them.

#54 Sail Away on 02.28.22 at 5:52 pm

DELETED

#55 Doug t on 02.28.22 at 5:54 pm

#21 T-man

Well put

#56 VladTor on 02.28.22 at 5:57 pm

What a Putin apologist you have become. – Garth

**********

Dear Garth, not exactly!

I just reading Russian (mostly economical) news and see for a long time that they doing much better than West countries in economy.

I would prefer that we have financial minister like Russian Nabiulina compare with (like you telling us and I like it!) nonfinancial finance minister Christja Canada would be in much better shape.

By the way Nabiulina in past was qualified as the best in the world.

Actually political news for me is just entertainment. Killing time!

To be honest Putin nevertheless is good president for Russian people.

#57 Ustabe on 02.28.22 at 6:08 pm

I’m thinking it must be a pretty bad time to be a property developer with hundreds of millions in debt due this year and next whose primary source of laundered money has just had its entire system frozen or banned altogether.

Another thing I’m currently pondering: Is the Venn diagram of Trump apologists and now the Putin apologists simply a circle?

#58 ogdoad on 02.28.22 at 6:10 pm

#32 T-Man on 02.28.22 at 5:06 pm

Brutal, but true. I guess its a major surprise that predominately white nations like Russia and Ukraine could be fighting right now.

Lets not get started on how Russians feel about color and sexuality…

Og

#59 Scott on 02.28.22 at 6:12 pm

I hate violence and consider myself a pacifist, but not to the extent that I think self-defence is immoral.

The US and its allies have been responsible for more death and destruction than perhaps anybody else in human history, and they won’t stop unless somebody stands up to them.

The Ukraine Government has allowed itself to be led into an extremely stupid and dangerous situation, transforming the country into a US proxy state. I feel sorry for most of the people who live there.

We can only hope for a swift Russian operation, so that we may move on with rebuilding. Sending weapons will just fuel the loss of life and humanitarian disaster. Absolutely unacceptable what the Freeland government is proposing right now.

#60 Uncle Thomas on 02.28.22 at 6:13 pm

“Hey, and send Mr.Zelenskyy a note. I’m sure he’d appreciate it.”
————————
OK, It’s time for an unconditional surrender to the Russians. Stop posturing as some kind of fighting hero. Take as much stolen loot as you can and skedaddle out of the country.

#61 Blacksheep on 02.28.22 at 6:14 pm

Don # 24,

“Thanks Blacksheep. I wasn’t looking for clarification I lived through it. Some of the commenters on this blog seemed to be confusing the two events.

A key point in the Cuban Missile Crisis that is often left out (sometimes conveniently) is it wasn’t Kennedy staring down Khrushchev and forcing him to withdraw missiles from Cuba so much as it was an agreement that the USA would remove missiles from Turkey and the USSR would back off on Cuba missiles. Much of this history was hidden in US archives until the late 80’s. Possibly some folks on this blog were trying to draw parallels to todays crisis.”
———————-
Thanks Don.

I think I was the party whom was unclear so wanted to clarify. Like you said, the US dicking around in USSR’s back yard is going to cause problems, just the as attempting to station Russian missiles in Cuba did.
————————
Squire # 42,

Come now, we cant have a rational discussions on protecting one national security. Putin is simply doing what the US of A or the PRC would do under similar circumstances. If the US never installed a pro NATO puppet leader circa 2014, I seriously doubt Russia and Ukraine would be at war today.

Politicians like to shirk responsibility for their actions, but the reality is, we usually reap, what they sow…

Like currently, we have the poor innocent citizenry of Ukraine paying the price of superpower sovereigns playing empire games.

#62 Smelly Little piglet on 02.28.22 at 6:16 pm

Any thoughts on buying an ETF like ERUS that tracks the Russian stock market. It is down over 50% in the last week ?

#63 Concerned Citizen on 02.28.22 at 6:33 pm

Re: #20, I guess posting a link to a Global News story passes as libel now?

And I’m surprised nothing is every done about the problem. I guess I shouldn’t be…

The link was fine. Your words were not. – Garth

#64 Midnight’s on 02.28.22 at 6:37 pm

The First Casualty of War is Truth.

Especially when 90% of all media is controlled by six entities.

#65 crowdedelevatorfartz on 02.28.22 at 6:41 pm

@#51 Trotsky’s man
“Some of your comments seem unhinged: ”

+++

Pot calling the kettle black……
Apparently irony escapes you.

#66 NorthOf49 on 02.28.22 at 6:48 pm

#21 T-Man on 02.28.22 at 4:53 pm

Just like when 911 happened, the msm has saturated the masses with one sided, biased reporting of the eeeevil Russkies’ attack on Ukraine. Why wouldn’t they? Since the same people who sell the weapons own them too. Not a peep was heard from them, over 8 years, as the Ukrainian leadership bombed their own people. Putin is no angel in this, but neither is the puppet regime ‘Murica installed in 2014. The uneducated masses of the west are screaming for blood again. But instead of eeevilll Muslims hating our freedom, wash, rinse, repeat.
——————————————————
This guy gets it. Everybody else tooting their horn for an entertainer who moved his unreported assets off-shore before taking the office of president, according to disclosed Panama papers. He’s a shrill for the West while the people of Donetsk and Luhansk were terrorized daily by Ukrop neo-fascists for 8 years. Read the daily OSCE Special Monitoring Mission reports on Ukraine and judge for yourself. War is bad for everybody but to suggest Zelenskyy is some kind of hero is a joke.

#67 willworkforpickles on 02.28.22 at 6:49 pm

Whether its securing vast stores of LNG off the coast of Crimea, or securing the grain growing lands of the Ukraine, or its mineral wealth and transferring this wealth to Russia. The main objective stands. Secure the land. And re-establish the former soviet buffer zone in part, at the very least, first and foremost.
All these objectives have their own merits , but Putin will use the threat of Nato encroachment putting the need to re-establish the former soviet buffer zone at the forefront of his mission to invade and conquer.

#68 crowdedelevatorfartz on 02.28.22 at 6:50 pm

@#62 Smelly little piglet
“Any thoughts on buying an ETF like ERUS that tracks the Russian stock market. It is down over 50% in the last week ?”

+++

Ruthless capitalism picking the still, wet bones of the oligarchs….

Greedy little ghoul might be a better nom de plume….

#69 crowdedelevatorfartz on 02.28.22 at 6:59 pm

Yo Teaman!
Did you sell off your rubles or have you keep them for the bottom of the birdcage?

Russian Ruble was 65 per Canuck buck yesterday.

Closed out at 85 per Canuck buck after trades halted early today.

A McDonalds hamburgsky with Freedom fries just got a little more expensive in Mockba today.

#70 pPrasseur on 02.28.22 at 7:02 pm

let’s see what Uncle Joe has to say tomorrow night.

Let’s just hope he remembers and doesn’t go AWOL during the speech!

#71 crowdedelevatorfartz on 02.28.22 at 7:04 pm

Apparently Dictator Putin was overheard today to have said to himself in the Czars’s grand marble Kremlin bathroom with gold toilets,

“Что, черт возьми, я сделал?”

Before his sobs were drowned out by a flush……

#72 Barb on 02.28.22 at 7:06 pm

Bounding Sadie! Attagirl!
You can honour her by learning from her lesson, Martin.
Condolences on four years without her. It’s brutal, I know.

#73 Dr. on 02.28.22 at 7:14 pm

Who is the beneficiary of this war? Somebody must be.

Definitely not Ukrainians. Russians? Their soldiers are getting killed in large number and their gas station economy is about to be shut down. Europeans? Nobody benefits from having war theatre in their neighborhood. Besides, cheap Russian natural gas, the European economy is addicted to, is about to be shut down.

That leaves us with Uncle Sam. The sole beneficiary. Expensive US liquid natural gas is about to replace Russian pipelines. In addition, many European countries just announced increases to their military budgets. Just Germany is going to increase its military budget from 47 billion euros to 100 billion. Oh boy, US military-industrial complex is salivating. Lockheed Martin, Raytheon, etc are making a killing (check their stocks). US energy stocks are making a killing too. Just check Ovintvin (Canadian Refugee in the US).

It looks like that Russian dictator fell into a well-prepared trap. It just confirms the rule that macho males are not particularly smart.

#74 marnic on 02.28.22 at 7:17 pm

#56 VladTor

Better economy, better finance minister—even though Elvira Nabiullina is actually chair of the Russian CB, not the minister of finance (that would be Anton Siluanov, but who’s quibbling), and a far superior head of state. They sound like three solid reasons to leave the sorry nation you live in now for those infinitely greener pastures.

#75 pPrasseur on 02.28.22 at 7:24 pm

#59 Scott The Ukraine Government has allowed itself to be led into an extremely stupid and dangerous situation, transforming the country into a US proxy state.

The Ukraine is next to a hyper militarized (but crass poor) bully who has already invaded before. Russia is a mafia state, a fascist kleptocracy where pretty much all the wealth is controlled by a few friends of the regime and you are saying Ukraine should remain under their supervision and “protection” and not seek help where it is available, namely the one country who has saved Europe before, twice!

Are you mad?

#76 Habitt on 02.28.22 at 7:27 pm

#8 will woke for picks lol dweeb.

#77 Your thoughts? on 02.28.22 at 7:30 pm

Question:
A Ukrainian born man lives in Canada.
He is proud of his country and he certainly should be!
He wants to fly to Ukraine and bravely defend Putins tyranny in the motherland but is unvaccinated.
His travel freedom in and out of Canada is in jeopardy because he is unvaccinated and refuses it.
What should the governments position on this delicate matter be? Should he be exempted?

#78 the jaguar on 02.28.22 at 7:53 pm

@46 Nostradamus — ‘Sleep tight my beauties’ always sends me into fits of laughter. Thank you.
As for the rest of the flotsam jetsam, there is nothing more to be said. Best to focus on Sadie. Look at that determination. True grit. Character. Mostly absent in the world these days…except in ‘Santiago sigue siendo Santiago’. The heroic city. Siempre.

#79 When Will They Raise Rates? on 02.28.22 at 7:58 pm

#44 Sarah on 02.28.22 at 5:36 pm

Zero understanding of current global politics. Putin is not a bad guy- Blowing up all of the US/DOD biolabs in Ukraine. Mr. -“You will own nothing” Klaus and the WEF are crying for help. What do you think is happeneing when a Rothschild Banker(Klaus) needs help from the UN?? Biden/hunter and all of their money laundered billions in Ukraine being exposed- as the Ukraine Government has already done a news conference on.

————–

There are no US bioweapons labs in Ukraine. I’ve been glued to CBC and CNN for weeks now. If there were any US bioweapons labs in Ukraine, we would have heard about it by now. Sheesh, give your head a shake, Putin apologist.

Sarcasm aside, it’s pathetic (and amusing) watching all the libtards flailing in unison when they probably couldn’t have located Ukraine on the map prior to last week, now armchair geopolitical analysists screaming to cancel all things Russian…

I haven’t even offered my opinion on this conflict, because it will sound crazy to the CNN types. Plus it won’t get past the censors here, so I won’t waste my time.

I’m surprised your post was allowed. Lol

#80 KLNR on 02.28.22 at 8:01 pm

@#51 T- Man on 02.28.22 at 5:44 pm
I demand all warmongers and hate saturated armchair generals will ship out with all the lethal weapons YOU demand we ship to Ukraine. Some of your comments seem unhinged: head on a pike? Cap in his ass? Big words from small minded soy boys. YOU go and show the Russkies what for. Here’s your rifle, here’s your helmet, don’t let the door hit you in the ass on the way out.

Better to Remain Silent and Be Thought a Fool than to Speak and Remove All Doubt

#81 Cowtown Cowboy on 02.28.22 at 8:01 pm

Deleted again…sheesh What’s a guy gotta do to get a post around here??

Be nice. – Garth

#82 Shirl Clarts on 02.28.22 at 8:03 pm

Why isn’t NATO fighting Russia? Indian army generals respond

https://youtu.be/pNHUDDqTgdI

Conventional war is EXPENSIVE …
“Economically, none of the European countries are ready for war. All of them have just started recovering from 3rd and 4th waves of corona, and they are definitely not ready to mobilize their troops.”

The Nuke is a POWERFUL deterrent …
“They (Russia) are willing to use nuclear weapons at first instance. The Russian ability to use these weapons of mass destruction (Nukes) simply prevents any kind of boots on the ground by NATO.”

#83 Shirl Clarts on 02.28.22 at 8:09 pm

The Human toll…

https://youtu.be/e42F1V3AOq4?t=332

Father’s forced to say goodbye to their kids, wives at train station. You can see the devastation and fear on their faces. The men are forced to stay and fight the Russians. Only women and children are allowed to flee… without their husbands and fathers.

#84 FriedEggs on 02.28.22 at 8:09 pm

DELETED (Anti-vaccine)

#85 Observer on 02.28.22 at 8:15 pm

#65 NorthOf49
“Everybody else tooting their horn for an entertainer….”

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

He also has a law degree.

#86 Scott on 02.28.22 at 8:17 pm

@74 pPrasseur

I’d be more than willing to buy you a ticket to Lviv. You can receive a machine gun on-site from the Zelensky regime who has been handing out small arms to civilians, something that is incredibly dangerous and illegal, and which has already resulted in marauding criminal gangs and executions.

But I will not allow you or anyone else to drag Canada into a nuclear war.

#87 Nonplused on 02.28.22 at 8:20 pm

“Don’t waste money on bullion.”

I just sold some that I bought in 2006. Nice profit, but realistically only somewhere around 8%/year. I figure if it ain’t getting a strong bid now with all that is going on, when will it?

It’s a bit harder to do now that Scotia Bank is out of the business. You have to go to some dingy office in a closet at the back of the building with locks and cameras everywhere. But hey, as long as the check clears.

I’m going to use the money to buy a new car. Why? I need one. And I don’t think those are going to get any cheaper or easier to come by in the next year or two. And used cars are stupid expensive. They just don’t pencil out anymore like they used to.

But will I be able to put fuel in it? That is the question. Did you fellow readers know that Russia is now the second largest supplier of crude oil to the US behind Canada? It’s mostly because Mexico is in terminal decline but it is what it is. When Russia gets locked out of SWIFT expect those exports, as well as those to Europe, to stop. And we aren’t talking about a marginal supplier here, we are talking about the world’s 3rd largest producer of oil. It’ll be the 70’s all over again. If Russia can’t get paid for it, they’ll leave it in the ground for later.

The impact on the US won’t be that great, as they are close to energy self-sufficient, especially if you count Canada. But it will affect their refinery business so there will be some economic impact. And it’ll mean one less route for finished products to reach Europe. But it will affect prices worldwide. Oil at $200/bbl is not out of the question, until this mess gets resolved.

Keystone is looking like maybe it wasn’t such a bad idea after all.

#88 Don on 02.28.22 at 8:35 pm

“Hey, and send Mr.Zelenskyy a note. I’m sure he’d appreciate it. Twitter – @ZelenskyyUa. Instagram – zelenskiy_official. I’d give you his email addy, but it just got hacked.”

Who knew?

Just sent one. Called him an “American puppet”, like Shah, Pinochet, Noriega.

#89 Concerned and Dissapointed on 02.28.22 at 8:49 pm

#74 pPrasseur on 02.28.22 at 7:24 pm
#59 Scott The Ukraine Government has allowed itself to be led into an extremely stupid and dangerous situation, transforming the country into a US proxy state.

The Ukraine is next to a hyper militarized (but crass poor) bully who has already invaded before. Russia is a mafia state, a fascist kleptocracy where pretty much all the wealth is controlled by a few friends of the regime and you are saying Ukraine should remain under their supervision and “protection” and not seek help where it is available, namely the one country who has saved Europe before, twice!
===========
Ah ,but see here is where Scott was right and while your assesment is spot on you forgot one important thing: The USA did not save East Europe , in fact after WW2 it abandoned it to ….drumrolls..the Russians , not much different than today. While I am sure the political calculations were different than today the end result is the same as far as Ukraine is concerned. Now if they only had some of those chip factories that the US needs like say the Republic of China (a.k.a Taiwan) instead of natural resources that can be replaced much easier.

#90 Faron on 02.28.22 at 8:52 pm

#54 Sail Away on 02.28.22 at 5:52 pm

DELETED

Must have been too logical.

To make up for the transgression, maybe Sail Away will show us some working Starlink installations in Ukraine to support his logical implying that Elon has done anything to support Ukraine other than tweet out an “offer”.

#57 Ustabe on 02.28.22 at 6:08 pm

Another thing I’m currently pondering: Is the Venn diagram of Trump apologists and now the Putin apologists simply a circle?

Always has been.

#51 T- Man on 02.28.22 at 5:44 pm

Here’s your rifle, here’s your helmet…

You might be surprised. I gave it some thought during the long, late hours of my drive this weekend. Russian interference has done much to damage the political discourse and has already been an assault on the US and Canada. But, I don’t think it’s the best use of my life, nor is it a fight that’s mine (yet).

Good reminder to get in shape and be ready though.

&#127482🇦

#91 VladTor on 02.28.22 at 8:54 pm

to #73 marnic on 02.28.22 at 7:17 pm

I live in Canada and I’m a Canadian citizen. I don’t understand you – why I have to leave Canada?

#92 PeterfromCalgary on 02.28.22 at 8:55 pm

Ukraine provides much of the food for North Africa. A lot of people could go hungry because of Putin’s invasion of Ukraine.

#93 Cowtown Cowboy on 02.28.22 at 9:08 pm

Wow, WCS almost $90..AB is awash in cash!

#94 West New West on 02.28.22 at 9:16 pm

Was scanning the comments section to look for Garth’s commentary as I felt like a laugh today.

Its amazing how so many people can predict the future here….everyone is a genius. I used to think I was one too……but, the older I got the more I realized how little I knew and how wrong I was….about everything… and how important it is to just ignore all the stuff that I have no control over whatsoever….and focus on what’s important…..as Garth outlined over the last few days…..

#95 Faron on 02.28.22 at 9:17 pm

I wonder how many people spreading the disinformation about Ukraine in this comments section and elsewhere are following a fake “human” on social media as described here:

https://twitter.com/oneunderscore__/status/1498349668522201099

Essentially, Russian troll farms also make fake Facebook and other accounts with AI generated faces and use them to spread disinformation. Propaganda is Putin’s bread and butter.

Speaks volumes that The Jaguar is still lapping up The Saker. Just wow. T-man appears to quote it almost directly.

If this conflict broadens, I hope more people speak out when they see this kind of alignment.

#96 When Will They Raise Rates? on 02.28.22 at 9:18 pm

#87 Faron on 02.28.22 at 8:52 pm

Russian interference has done much to damage the political discourse and has already been an assault on the US and Canada. 

———

Is that you Rachel Maddow?

Fake news.

#97 leebow on 02.28.22 at 9:22 pm

Reportedly Putin is bringing a convoy 64 (!) kilometeres long to Kyiv. Could be 50,000 troops. What a disaster. A full on assault, or a siege. Further shelling of residential areas is virtually guaranteed. Or a massacre of the horde if Ukrainians have timely intel and sufficient artillery.

https://www.reuters.com/world/europe/russian-military-convoy-north-kyiv-stretches-40-miles-maxar-2022-03-01/

OR everything could be resolved with one well-placed shot.

#98 Ustabe on 02.28.22 at 9:27 pm

#84 Observer on 02.28.22 at 8:15 pm
#65 NorthOf49
“Everybody else tooting their horn for an entertainer….”
^^^^^^^^^^^^
He also has a law degree

Ronald Reagan was an entertainer, no?

Trump is/was a clown.

Trudeau is the antithesis of an intellectual

Most of the posters on here are subject matter experts.

(if you are bored you can play around with the search engine of your choice and copy/paste some of the very persuasive opinions being expressed on here. Sometimes all it does is lead back to here….great, original thoughts or at least worded originally. However lots of times it leads back to the source that the poster has copied. It is comforting in uncertain times to know whose opinions you can trust and who is just a shill.)

Lots of shills in this swamp.

#99 CJohnC on 02.28.22 at 9:27 pm

#44 Sarah. Stay off your social media…most of what you read is shit. From https://mediabiasfactcheck.com/2022/02/27/the-latest-fact-checks-curated-by-media-bias-fact-check-02-27-2022/

FALSE Claim via Social Media: Russia is targeting U.S. biological weapons labs in Ukraine invasion.
Politifact rating: False (There are no U.S.-run biological weapons labs operating in Ukraine.)

There are no US-run biolabs in Ukraine, contrary to social media posts

#100 crowdedelevatorfartz on 02.28.22 at 9:30 pm

Angus Reid
53% of Canadians are worried if prices rise …They cant pay their bills.

Wage and price inflation chasing each other to the top…of the bottom.

BC Realtors have great ideas!

A crisis of supply but
Reject’s BC govt “cooling off period”.
The realtors propose a 7 day Listing break.
(The house lists and sits for 7 days before offers are accepted…..)

Essentially a “pre cooling off” period…then the bidding wars start up again.
Bully bids will be around for a few months yet.

#101 Faron on 02.28.22 at 9:31 pm

#96 When Will They Raise Rates? on 02.28.22 at 9:18 pm

Fake news.

There were convictions in court and substantial investigations by bipartisan investigators that have shown this to be the case. So, no, there’s nothing fake about that information.

Hey, Sail Away, can you help me with this guy’s ad hominem attack? They seem important to you as part of your civic duty, but you only seem to focus on the ones that oppose your politics. I don’t get it.

#102 Yukon Elvis on 02.28.22 at 9:56 pm

The Kyiv [email protected]·11m⚡️

Finland to support Ukraine with weapons and ammunition, Finnish Prime Minister Sanna Marin’s announced on Feb. 28.
The shipment will include 2,500 assault rifles, 150,000 bullets, 1,500 anti-tank weapons and 70,000 packages of food, Defense Minister Antti Kaikkonen said.

The Kyiv [email protected]·12m⚡️

Japan to freeze assets of Russian leaders, three financial institutions, including Kremlin dictator Vladimir Putin and Foreign Minister Sergey Lavrov.
The new sanctions will also freeze assets of Russia’s Central Bank, & those of state-owned Promsvyazbank and Vnesheconombank.

#103 Cici on 02.28.22 at 10:06 pm

#48 Mark Mywords on 02.28.22 at 5:41 pm

Thanks for setting the record straight. Some of the garbage in this comments section tonight is frightening.

#104 When Will They Raise Rates? on 02.28.22 at 10:18 pm

#101 Faron on 02.28.22 at 9:31 pm

#96 When Will They Raise Rates? on 02.28.22 at 9:18 pm

Fake news.

There were convictions in court and substantial investigations by bipartisan investigators that have shown this to be the case. So, no, there’s nothing fake about that information

————

There was about $15,000 spent on facebook which they admit had no influence on the election.

Also, Mueller found that there was no collusion with Russia.

It’s a hoax. You need to lay off the MSNBC.

#105 Greg on 02.28.22 at 10:20 pm

Is anyone there in the Ukraine looking around with your own eyes. Or is everyone getting their information from the mainstream and alternative news media…Seems that it’s all headlines, and it’s all on the internet and television.

Interesting to note that regardless if this Ukraine event is staged, it is having the same actual effect as if the event were actually happening for real.

#106 Sail Away on 02.28.22 at 10:30 pm

#90 Faron on 02.28.22 at 8:52 pm

…maybe Sail Away will show us some working Starlink installations in Ukraine to support his logical implying that Elon has done anything to support Ukraine other than tweet out an “offer”.

———-

Well, the tweet, yes… oh, and all these terminals:

https://www.cp24.com/mobile/world/ukraine-gets-starlink-internet-terminals-and-friendly-warning-about-safety-1.5799979

A prince of a man, that Elon.

#107 Cici on 02.28.22 at 10:32 pm

#77 Your thoughts? on 02.28.22 at 7:30 pm

My thoughts are if the guy is heroic and brave enough to put boots on the ground in Ukraine, he would definitely be brave enough to take a teensy-tiny needle delivering a proven vaccine.

#108 Don Guillermo on 02.28.22 at 10:34 pm

101 Faron on 02.28.22 at 9:31 pm
#96 When Will They Raise Rates? on 02.28.22 at 9:18 pm

Fake news.

There were convictions in court and substantial investigations by bipartisan investigators that have shown this to be the case. So, no, there’s nothing fake about that information.

Hey, Sail Away, can you help me with this guy’s ad hominem attack? They seem important to you as part of your civic duty, but you only seem to focus on the ones that oppose your politics. I don’t get it.
++++++++
Faron to SA

I can’t quit you.

#109 Sara on 02.28.22 at 10:41 pm

Just to clarify, Sarah (#44) is not Sara.

#110 Observer on 02.28.22 at 10:48 pm

Zelensky owns his own production company, Kvartal 95, and is a millionaire. But he is probably best known for starring in a parody series called “Servant of the People.” In that show, he plays a man who becomes president of Ukraine by mistake.

#111 When Will They Raise Rates? on 02.28.22 at 10:51 pm

#105 Greg on 02.28.22 at 10:20 pm

Is anyone there in the Ukraine looking around with your own eyes. Or is everyone getting their information from the mainstream and alternative news media…Seems that it’s all headlines, and it’s all on the internet and television.

Interesting to note that regardless if this Ukraine event is staged, it is having the same actual effect as if the event were actually happening for real.

————

The live streams show people going about their daily lives as though nothing is happening.

#112 PeterfromCalgary on 02.28.22 at 11:35 pm

I wonder what Henry Alfred Kissinger thinks about this mess. He was pretty smart about stuff like this although I don’t know if he as is smart at 99 as he once was. Still I would value his opinion on this crises.

#113 Sail Away on 02.28.22 at 11:48 pm

Aaand… just in case anyone is wondering if the god in human form Elon Musk’s donated starlink terminals and free space internet are now working… the answer is a resounding YES!

https://www.space.com/spacex-starlink-terminals-arrive-ukraine-elon-musk-russia

Ask and ye shall receive. Total game-changer. Again.

#114 Observer on 02.28.22 at 11:48 pm

#111 When Will They Raise Rates? on 02.28.22 at 10:51 pm
#105 Greg on 02.28.22 at 10:20 pm

Is anyone there in the Ukraine looking around with your own eyes. Or is everyone getting their information from the mainstream and alternative news media…Seems that it’s all headlines, and it’s all on the internet and television.

Interesting to note that regardless if this Ukraine event is staged, it is having the same actual effect as if the event were actually happening for real.

————

The live streams show people going about their daily lives as though nothing is happening.

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

There’s a flood of disinformation about Russia’s invasion of Ukraine. Here’s who’s sorting it out.

Bellingcat, which takes its name from an old fable about mice conspiring to neutralize the threat of a cat by putting a bell on it, is a collective of researchers, analysts and journalists who sleuth online using publicly available data — or open-source intelligence — to hunt down the origin of images, videos and information.

“We’re all hands on deck on this at the moment,” said Fiorella, speaking from Amsterdam.

Open-source intelligence investigators use a wide variety of tools to verify the images they are seeing, including the metadata embedded in pictures and videos, as well as geolocation tools, which help pinpoint the time and place an image was captured.

“The real challenge when it comes to Russian disinformation — at least what we’ve seen for the invasion of Ukraine now — is the volume of it. Just the sheer quantity of events that they’re flooding social media with,” Fiorella said. “There’s so much of it.”

https://www.cbc.ca/news/world/fact-checkers-ukraine-1.6365682

#115 Michael in-north-york on 02.28.22 at 11:54 pm

#59 Scott on 02.28.22 at 6:12 pm
“We can only hope for a swift Russian operation, so that we may move on with rebuilding. Sending weapons will just fuel the loss of life and humanitarian disaster.”

Sounds like U.S. shouldn’t have sent any ammunition and food to Britain back in 1940. That just fuelled the loss of life and prevented the Hitler’s troops from quickly crossing the Channel and moving on with rebuilding.

Fortunately, President Roosevelt didn’t agree with you.

#86 Scott on 02.28.22 at 8:17 pm
“.. the Zelensky regime who has been handing out small arms to civilians, something that is incredibly dangerous and illegal, and which has already resulted in marauding criminal gangs and executions.”

Thousands of Serbian, Greek, Polish, Belarussian, Ukrainian, and Russian guerilla fighters, who took up the arms and fought against the Nazi invaders, didn’t agree with you either.

“to drag Canada into a nuclear war”

If you are wary of a nuclear war risk – and we all are – then think about this. Ukraine is the only significant buffer state between the NATO countries and the Putin’s armies. Ukraine is willing to stand up against the bully and defend itself, while NATO is not compelled to enter the war.

If Ukraine falls, the two nuclear-armed adversaries will be facing each other directly. Your “pacifism” doesn’t reduce the risk of a nuclear conflict. It does the opposite.

#116 Tom from Mississauga on 03.01.22 at 12:03 am

Sold some S&P 500 ETF in November, January and again today. Bought Canadian small/mid cap energy ETF NNRG. Underlying stocks are unbelievably cheap.
Talked to well known senior economist at a big bank Saturday (he’s on my hockey team) his colleagues calling for $115 oil by summer.

#117 Yukon Elvis on 03.01.22 at 12:26 am

The Kyiv [email protected]·10m⚡️

Australia to send missiles to Ukraine as part of $50 million support package, according to Prime Minister Scott Morrison.
Morrison told a news conference Tuesday that anti-armor missiles are proving extraordinarily effective for Ukrainian forces.

#118 Anti War on 03.01.22 at 12:51 am

This great documentary explains the war in 30 minutes vs main stream media. Great Watch ! This war is about Trillions in natural gas ⛽️ reserves ! Follow the money & you will find the answers !

https://youtu.be/If61baWF4GE

#119 Faron on 03.01.22 at 12:58 am

#104 When Will They Raise Rates? on 02.28.22 at 10:18 pm

there was no collusion

Review this (brief) conversation. I wasn’t talking about collusion. The evidence of Russian meddling including hacking the DNC is well established. Stop misrepresenting this a media bias. These are facts. They are not disputed by anyone serious.

#120 Faron on 03.01.22 at 1:00 am

#106 Sail Away on 02.28.22 at 10:30 pm
#90 Faron on 02.28.22 at 8:52 pm

Cool. Good job. He’s still a bag of garbage, but at least he sent out a few hundred bucks of equipment.

#121 Faron on 03.01.22 at 1:04 am

#111 When Will They Raise Rates? on 02.28.22 at 10:51 pm

#105 Greg on 02.28.22 at 10:20 pm

It would be interesting to hear from you what it would take for you to believe that a media source was real. Aside from a NEWSMAXX or a RebelNews logo. Seriously, what do you look for to establish legitimacy in your information sources?

#122 willworkforpickles on 03.01.22 at 1:16 am

Post #8 …
This was merely a projection. Just to make it clear. It was not my own , but one I happen to put a great deal of stock in.

All this optimism flying around here in looking ahead the past 6 months is as i said then and will say now …was and is a mountain of bs.
This bogus optimism of better times ahead and things getting back to normal like before is preposterous to say the least.
Would the same people say they have unequivocal faith in our leaders to get us there.
Get your heads out of your ass and read the writing on the wall.
Nothing is going back to the way it was. The economy and society is crumbling fast and will gradually worsen as the clock ticks away the time. The time there is left, before a great deal of worse arrives.
Let these clowns that run things now fix it?
You won’t be okay long believing that.

#123 Faron on 03.01.22 at 1:29 am

#106 Sail Away on 02.28.22 at 10:30 pm
#90 Faron on 02.28.22 at 8:52 pm

Cool. Good job. He’s still a bag of garbage, but at least he sent out a few hundred bucks of equipment.

Lessee, he sends (apparently) a truck with about $10000 worth of gear, tops. In a place where starlink doesn’t work well. Yet the market cap goes up by billions? All while Elon is under a new SEC investigation and want to hide that news? Again, it’s not ad hominem to call someone who falls for this stuff repeatedly a dumb person.

https://twitter.com/ClaireMusk/status/1498495976042020864

#124 Ponzius Pilatus on 03.01.22 at 2:50 am

#83 Shirl Clarts on 02.28.22 at 8:09 pm
The Human toll…

https://youtu.be/e42F1V3AOq4?t=332

Father’s forced to say goodbye to their kids, wives at train station. You can see the devastation and fear on their faces. The men are forced to stay and fight the Russians. Only women and children are allowed to flee… without their husbands and fathers.
———————-
Not what I am seeing.
Just like in Afghanistan in the early days, many of the “deserters” are
young males , who can pack and leave on a minute’s notice, are on the trains leaving for “freedom”.

#125 Joe Lalonde on 03.01.22 at 4:52 am

Have no fear Garth,
I’m resetting your networth to zero.
The Russians have reset their exports to EURO’S and so has China.
Hence the Prime Minister bullshit story of not buying from Russia.

The two top dog countries Russia and the China have agreed a 30 year trade deal in EURO’S.

Doing this smartly in resetting a world currency, you’d want all countries to be the same currency.

Resetting the currency than can expect all currencies to a band new bill styles 

You could also resetting of prices on products to always be at a certain price.

The billionaires of the world just got whipped out.
Interesting concept as the US Dollar just died.

#126 crowdedelevatorfartz on 03.01.22 at 7:26 am

Ponzie’s Pathetic Patter

“Just like in Afghanistan in the early days, many of the “deserters” are
young males , who can pack and leave on a minute’s notice, are on the trains leaving for “freedom”.”

++++

Once again Ponzie suffers from “foot in mouth” disease.
Interesting BBC news story.
The majority of young men were foreign workers and foreign students ….as was pointed out by the news reporter when he interviewed them…..
Or did you conveniently miss that part?
They were also forced to wait while the women and children boarded the trains first…..

Obstinate denial of obvious facts…
Par for Ponzie’s pejorative presumptions

Are you sure you’re not a Russian troll?

#127 crowdedelevatorfartz on 03.01.22 at 7:45 am

@#123 Faron

Your socialist loathing for Billionaire Musk is to be expected.
Musk is doing what he can to help…and you spit on him.
Nice.
ANYTHING attempted by a self made capitalist to help is immediately suspect.
Try to be a little less one dimensional.

Sending in Starlink hardware to possibly help the Ukraine country seems to be far far more help than the empty promises of our politically correct Western leaders who shake their fists at Putin and stomp their feet while continuing to threaten reprisals.

The US seems to be the only country that has grabbed the bull by the horns and enacted financial legislation with world wide implications to possibly slow the Russian juggernaut.
Trudeau?
More grandstanding, posturing, veiled threats and promises of shipments of bombs.

This is going to spin out of control because Putin has nothing Or ( more importantly) Everything to lose.

All his “money” is in the center of the Ukrainian table and he’s calling the milksop, gender neutral, Bluffers to place their bets.

As more and more peripheral countries on Russia’s borders join the fray against Putin…this conflagration will need one tiny misstep to spin way beyond eastern Europe.
Get your affairs in order.
It won’t be 60 year old men like Ponzie that are conscripted to fight.

#128 RichardTO on 03.01.22 at 8:26 am

The people of East Ukraine were shelled for 8 YEARS while the language (Russian) of half of Ukraine was criminalized and there is an ugly, significant neo-Nazi element presence within all ranks of the armed forces and Ukrainian state security apparatus (SBU), not to mention they literally have skinhead and neo-Nazi militias integrated into their police and armed forces. There’s plenty of material written about this by non-Russian sources.

I’m giving this blog the benefit of the doubt that you were all ignorant of the seedy underbelly of the US-run Kiev regime that was installed in 2014.

The US had 8 YEARS to negotiate some kind of neutrality, but stability in the region was was never their goal.

And the Trudeau regime and their reaction – not unexpected considering the provenance of Chrystie Freeland.

So it’s okay for Russia to invade? – Garth

#129 TurnerNation on 03.01.22 at 9:15 am

One again, this WW3 is for our Minds. Strict government-funded media, only is allowed in Kanada.

“The Globe and Mail reports in its Tuesday edition that Prime Minister Justin Trudeau will ask the country’s broadcast regulator to officially review the presence of a Kremlin-controlled news channel on Canadian TV, one day after the country’s largest TV providers confirmed they would pull RT from their channel lineups amid Russia’s military offensive against Ukraine. The Globe’s Susan Krashinsky and Stephen Chase write that BCE, Rogers Communications, Telus and Shaw Communications all said on Sunday that they would no longer distribute RT. Also known as Russia Today, the channel was referred to as a “critical” part of “Russia’s disinformation and propaganda ecosystem,”” (stockwatch.com)


— Comrades! Tune only to our State propaganda arm:

“Who is CBC funded by?
Last year, the CBC got $1.4 billion in government funding, according to the CBC’s annual report, a figure that includes a $36.7 million advance from this year’s budget. A spokesperson for the CBC said its current advertising revenue is “just under $254 million.”Jan 18, 2022”

#130 YEG City guy on 03.01.22 at 9:26 am

Say what you willl about Freeland’s economic credentials, she sure knows how to rally the world in sanctions and hit Russia where it hurts. I hear she has been working constantly and seems to be quite successful in this. Cossidering she has a history staring down the KGB, I’m not surprised. She’s a boss! Hometown girl making us proud!

#131 Sail Away on 03.01.22 at 9:41 am

#123 Faron on 03.01.22 at 1:29 am

Cool. Good job. He’s still a bag of garbage, but at least he sent out a few hundred bucks of equipment.

Lessee, he sends (apparently) a truck with about $10000 worth of gear, tops. In a place where starlink doesn’t work well. Yet the market cap goes up by billions? All while Elon is under a new SEC investigation and want to hide that news? Again, it’s not ad hominem to call someone who falls for this stuff repeatedly a dumb person.

———

Can you eat with your mouth, or is it specially adapted only to spew venom?

#132 crowdedelevatorfartz on 03.01.22 at 9:53 am

YEG
“Cossidering she has a history staring down the KGB, ”

+++

Spare us the dramatics.
Thats Trudeau’s territory.

She hardly “stared down the KGB.
She spent one summer as an idealistic university student running all over the Ukraine spouting her grandiose ideas.
Much to the amusement of the local intelligencia I’m sure.
A mention in a KGB file on her scurrying about was about as far as it went.

#133 Keep Canada FREE on 03.01.22 at 10:07 am

So if I understand this blog correctly…….

Truckers standing up against oppression of Canadian freedom are EVIL

Ukrainians standing up for their freedom against Russian oppression are GOOD

Is this irony, hypocrisy, or just inconsistency……

Guess I better go back and check my notes from Grade 12 English, Lololol.

Is anyone shelling, bombing and invading Canada? You guys need to get over yourselves. This is beyond embarrassing. – Garth

#134 Sue on 03.01.22 at 10:16 am

#44 Sarah

Thank you, nice to know that someone knows what’s really going on.

#135 IHCTD9 on 03.01.22 at 10:19 am

#87 Nonplused on 02.28.22 at 8:20 pm
_______

I just bought an old pre-emissions diesel pickup not 6 months ago. It uses less than half the fuel of my 2500HD.

Looking at how things are shaping up here in Canada, I’m already thinking of selling it (while used truck mania still persists) and getting an old TDI Golf or some other 45+ MPG car. Looks like the next few years will be a good time to own a cheap beater.

Rhyme off the list of problems Canada has to deal with now as of 2022. It’s getting to be a long list. IMHO, we have near zero ability to do much about our predicament, Trudeau just totally blew it.

What would deflating RE, galloping inflation, rising rates, Trillions worth of mortgage and public debt, and billions worth of new taxes – all happening at the same time – result in?

How many lefts and rights can a country take before it keels over?

#136 Yukon Elvis on 03.01.22 at 10:28 am

#125 Joe Lalonde on 03.01.22 at 4:52 am

Have no fear Garth,
I’m resetting your networth to zero.
The Russians have reset their exports to EURO’S and so has China.
Hence the Prime Minister bullshit story of not buying from Russia.

The two top dog countries Russia and the China have agreed a 30 year trade deal in EURO’S.
+++++++++++++++++

The Kyiv [email protected]·2h⚡️
BREAKING: EU disconnects key Russian banks from SWIFT.

The union will also ban the transaction of Russia’s Central Bank to paralyze billions of foreign reserves and “turn off the tap on Russia’s and Putin’s war,” said European Commission President Ursula von der Leyen.

#137 the Jaguar on 03.01.22 at 10:29 am

Wild child province Alberta moves to ‘Stage 2’ today.

Nearly all COVID-19 public health measures have now been lifted in Alberta. The province’s mask mandate has been lifted except for in high-risk settings.

Will all the handwringing about vacant office space in the downtown core, return to office, etc. now cease?

Not until we get serious about the growing problem of drug addition and mental illness that is a plague on city streets, and it’s worse in other cities. Just ask CEF. This is ‘hot off the press ‘ this morning:

“In an effort to reduce a rise in social disorder on the city’s transit network, the City of Calgary is implementing enhanced safety measures for the next several weeks.
“We’ve been monitoring social disorder and our transit systems since the beginning of the pandemic and we know that it’s a topic of concern for many Calgarians. We’re committed to providing a clean, safe and accessible transit system,” Calgary Transit director Sharon Fleming told Global News.”

A good interview with author Michael Shellenberger on the subject. (San Fransicko: Why Progressives Ruin Cities).

https://www.youtube.com/watch?v=WlH3S-uLTIw

#138 Quintilian on 03.01.22 at 10:37 am

It doesn’t compute.

If they are intelligent enough to use a keyboard, they can’t possibly be confusing the convoy with freedom fighting.

Garth you are being trolled.

Stop reacting.You are allowing them to degrade your blog.

#139 Observer on 03.01.22 at 10:43 am

#133 Keep Canada FREE on 03.01.22 at 10:07 am
So if I understand this blog correctly…….

Truckers standing up against oppression of Canadian freedom are EVIL

Ukrainians standing up for their freedom against Russian oppression are GOOD

Is this irony, hypocrisy, or just inconsistency……

Guess I better go back and check my notes from Grade 12 English, Lololol.

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

You need to check a lot more than that.

#140 willworkforpickles on 03.01.22 at 10:44 am

GDP figures won’t come in near as robust in 2022 as they did in Q4 of 2021 that was largely spurred on by distributor stockpiling.
If many feel like we are in a recession, its because we actually are in terms of real inflation adjusted to GDP figures the government hides from us.
If they used the real inflation figures adjusted to actual production, we would be in negative growth territory from quarter to quarter.
Small business knows all too well how badly they are doing while the extent of corrupt government meddling increases.

#141 Ponzius Pilatus on 03.01.22 at 10:49 am

I think before the West is getting involved in another un-winnable war and create a mess, they should first clean up the mess they created in Afghanistan.
It’s becoming a habit.

#142 Ponzius Pilatus on 03.01.22 at 10:59 am

#126 CEF
Are you sure you’re not a Russian troll?
——————————-
You used to call me a Nazi.
Make up your mind.

#143 G on 03.01.22 at 11:01 am

Hi #87 Nonplused,

I had a question a couple weeks ago that just got answered in todays post with “Don’t waste money on bullion.”. And always good to be reminded, ” Never sell into a storm. In fact, just ignore the noise. Stay balanced.” Which is what I thought it would be.
But also interesting to here what you got since 2006.

FYI Since you’re thinking of new and probably know what it is you want check cost that they are ask for here. Of course check the local dealers cost too. Buying local if you can helps out the local economy and the people it employs after all. https://carsmart.ca/

Wars are always really bad. for the average person in the middle/line of fire. I hope it can stop soon and doesn’t spread?

Inflation will just get worse with cost of things like oil going up, energy make the modern world go round.

Food prices don’t look like they will be heading down any time soon with truck diesel going up, and fertilizers cost been way up for a while now. I can’t confirm, but heard Putin has been keeping ammonium nitrate (A big part of fertilizer/and some explosives)from being exported for a few months now.

I hope the worlds farmers can get the inputs they all need, fertilizers, seeds, diesel… Hopefully its still available at a reasonable cost? The farmers need all inputs to grow the food in the quantities the world all needs to keep feeding the average person after all.

#144 DON on 03.01.22 at 11:08 am

#135 IHCTD9 on 03.01.22 at 10:19 am
#87 Nonplused on 02.28.22 at 8:20 pm
_______

I just bought an old pre-emissions diesel pickup not 6 months ago. It uses less than half the fuel of my 2500HD.

Looking at how things are shaping up here in Canada, I’m already thinking of selling it (while used truck mania still persists) and getting an old TDI Golf or some other 45+ MPG car. Looks like the next few years will be a good time to own a cheap beater.

Rhyme off the list of problems Canada has to deal with now as of 2022. It’s getting to be a long list. IMHO, we have near zero ability to do much about our predicament, Trudeau just totally blew it.

What would deflating RE, galloping inflation, rising rates, Trillions worth of mortgage and public debt, and billions worth of new taxes – all happening at the same time – result in?

How many lefts and rights can a country take before it keels over?

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

Sitting at home with my side kick Covid. Half dazed and confused. I have a 2005 tdi golf…gets 950km to the tank. Good choice. I will be putting it back on the road for the summer. Taking a truck to the gas station on empty and watching the ticker.. and I start giggling like Emilio Estevez. Run.

#145 Brian on 03.01.22 at 11:14 am

Who is Bellincat?
For a self-proclaimed citizen journalism outfit, an alarming number of Bellingcat’s staff and contributors come from highly suspect backgrounds, including high-level positions in military and intelligence agencies.

https://www.mintpressnews.com/bellingcat-intelligence-agencies-launders-talking-points-media/276603/

But it must be true if the CBC says so! (sarcasm)

#146 Billy Buoy on 03.01.22 at 11:16 am

RATE HIKE?

LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL

The FEDS better be ready for the masses trying to survive.

LONG OIL>

#147 IHCTD9 on 03.01.22 at 11:18 am

Another guy at work is listing his house. His FIL gave them an “early inheritance” (his house – for 100K, plus he gets to live there rent free). Figures he’ll get ~6-700K for his current paid for SFD (paid 90K back in the 90’s). He’s got a decent pile of RRSP’s/TFSA’s too, dual incomes, and his wife has a DC pension. Twin CPP/OAS’s.

He’s talking about hanging up the gloves at 53-54. The way things are going out here in the sticks, a big chunk of the population won’t need a job anymore after selling off their SFD. 30K/yr pays for the essentials and basics no problemo out here. The place where I work is going to turn into a shell over the next 5-6 years – just about everyone is 50+ with a paid for SFD and dual incomes. Even the 30 something SINGLE dudes own SFD’s out here. Everyone is getting richer by the day.

Crazy stuff, hillbillies in the boondocks striking gold and retiring early on a mountain of tax free cash. Everyone is taking their first opportunity to back up the truck.

I guess this bubble ain’t all bad.

#148 Ponzius Pilatus on 03.01.22 at 11:18 am

#132 The Jag
A good interview with author Michael Shellenberger on the subject. (San Fransicko: Why Progressives Ruin Cities).
————————
Did you just pick the guy because he’s an expect on the topic?
Well, he is not.
Just another book author, that you obviously agree with.
In order to get a well rounded view about worldly things, try to see what the other side has to say.
But that’s just hard to do for most people with preconceived ideas.

#149 Faron on 03.01.22 at 11:21 am

#127 crowdedelevatorfartz on 03.01.22 at 7:45 am

empty promises of our politically correct Western leaders

Political correctness has nothing to do with the Western response. I’m embarrassed for you that you are falling for the trope in some media that, somehow, wokeism is at the heart of Western strategy here.

Refusing to explicitly ignite total war between all of Europe and Russia isn’t inaction. Or, is inaction with purpose. It’s a choice between seeing hundreds of thousands dead vs millions. It’s the trolley problem and it’s a terrible position to be in, but in the end it’s the correct one.

Finally, the sanctions are crushing and certainly do not represent an empty promise. I personally am not a fan of sanctions at all because sanctions destabilize countries by crushing citizens through financial ruin and eventually starvation in hopes that the actions eventually weaken the leader enough. There is already and will be more suffering in Russia among the people who had no say in taking on this war.

Putin is deliberately trying to draw in NATO so he has an excuse to complete his empire-building dream and people like you cheering for NATO entrance to the conflict are playing into his hands. Don’t.

As for Elon, lets put it this way. The guy is a centi-billionaire. If he actually cared he could donate several million to the Red Cross or any other agency that can actually improve the lives of Ukrainians. Instead he donated five figures of gear to deflect from a growing scandal in his stateside businesses.

Furthermore, look at the response of you and the other Elon SECers out there. There is no shortage of people donating time, money, reporting, hacking etc etc in support of Ukraine all to a much larger effect and at a higher monetary value. Yet none of them rise into your conscious because a guy like Elon has somehow transfixed you into thinking he’s the bee’s knees. Maybe give your head a shake and look elsewhere for thought/moral leadership. He has none of either and is therefore in no position to lead.

#150 Ponzius Pilatus on 03.01.22 at 11:25 am

#134 Sue on 03.01.22 at 10:16 am
#44 Sarah

Thank you, nice to know that someone knows what’s really going on.
—————————-
Haha
good one.
What’s “really” going on?
Many people don’t even know their neighbour.

#151 Brian on 03.01.22 at 11:29 am

About those US biolabd in the Ukrane!
Have to love the wayback machine!

https://robert-gorter.info/the-pentagon-does-not-want-you-to-see-these-documents-about-usa-biolabs-in-ukraine/

#152 Faron on 03.01.22 at 11:30 am

#127 crowdedelevatorfartz on 03.01.22 at 7:45 am

@#123 Faron

Your socialist loathing for Billionaire

Also, this is just BS and, again, a bizarre claim. If I despised billionaires as a “socialist” then there are many to choose from. You claim would imply that I despise numerous yet there’s only one who truly rankles me. Bezos? Cook? Gates? Meh. I mean, they could pay more taxes and be a bit less evil in their wringing of profit from workers, but overall they aren’t jumping over themselves to defraud people and then cover it over with trivial actions that they know a zombie fan-base will lap up like a kitten laps up cream.

#153 Brian on 03.01.22 at 11:35 am

What are your thoughts on Universal Basic Income (UBI)?

https://www.parl.ca/DocumentViewer/en/44-1/bill/S-233/first-reading

#154 All lies and manipulated on 03.01.22 at 11:46 am

Well Put T-Man.

I was annoyed when I read this but unfortunately there truth to it. There hence my handle. What isn’t?
I think Putin’s off his rocker and I hate war….But…

The US, EU and Nato Just Committed Suicide.
http://www.321gold.com/editorials/moriarty/moriarty030122.html

#155 KLNR on 03.01.22 at 11:56 am

@#139 Observer on 03.01.22 at 10:43 am
#133 Keep Canada FREE on 03.01.22 at 10:07 am
So if I understand this blog correctly…….

Truckers standing up against oppression of Canadian freedom are EVIL

Ukrainians standing up for their freedom against Russian oppression are GOOD

Is this irony, hypocrisy, or just inconsistency……

Guess I better go back and check my notes from Grade 12 English, Lololol.

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

You need to check a lot more than that.

pfft, that guy clearly didn’t even make it to grade 12

#156 Ponzius Pilatus on 03.01.22 at 12:03 pm

138 Quintilian on 03.01.22 at 10:37 am
It doesn’t compute.

If they are intelligent enough to use a keyboard, they can’t possibly be confusing the convoy with freedom fighting.

Garth you are being trolled.
————————-
That’s the sad part.
They ARE confused.
CEF can use a keyboard, and he has even mastered Google.
And he’s not a troll.

#157 Ponzius Pilatus on 03.01.22 at 12:08 pm

#153 Brian on 03.01.22 at 11:35 am
What are your thoughts on Universal Basic Income (UBI)?

https://www.parl.ca/DocumentViewer/en/44-1/bill/S-233/first-reading
———————
It’s coming.
Fasten your seat belts, or not if you’re a Freedom Trucker.

#158 All lies and manipulated on 03.01.22 at 12:13 pm

The link I posted was just another side with some serious ugly facts…. I Don’t support Putin at all.

#122 willworkforpickles on 03.01.22 at 1:16 am
Yup nothings going back to normal. Majority of leaders have proven their idiots.
The planets rocked with greed.
We are sliding fast and many are falling way behind in so many ways. Especially $$
The trend ain’t your friend.

#159 Tom from Mississauga on 03.01.22 at 12:49 pm

The best sanctions Canada can do is pump as much oil as we can as fast as we can, sorry Alberta for everything.

#160 TurnerNation on 03.01.22 at 12:59 pm

Oh how the media narrative has flipped. Next stage of WW.
A little cartoon to this point

https://pbs.twimg.com/media/FMt1pUtXEAYs092?format=jpg&name=900×900

#161 DON on 03.01.22 at 1:38 pm

https://www.reuters.com/business/retail-consumer/10-toothpaste-us-household-goods-makers-face-blowback-price-hikes-2022-03-01/

For the commentors that said inflation would be over by April…apparently greed has taken hold. At some point people will cut back…lower sales…

#162 andreas on 03.01.22 at 1:55 pm

i love that you never mention bitcoin when it’s doing well. any russian who had their investments in bitcoin is far outperforming his nieghbours

I never mention it anytime. Far too volatile and unstable for anyone whose goals are (a) don’t lose money and (b) secure a predictable, long-term rate of return. If you do not share those goals, knock yerself out. – Garth

#163 Sail Away on 03.01.22 at 1:58 pm

#127 crowdedelevatorfartz on 03.01.22 at 7:45 am
@#123 Faron

Musk is doing what he can to help…and you [Faron] spit on him.
Nice.

———

Ukraine’s vice prime minister reached out to Elon Musk for help with their internet. Elon immediately responded with rerouted Starlink satellites, free service to Ukraine, and coordinated shipment of thousands of donated Starlink terminals. The first shipment arrived and are now up and running, and Ukraine’s government has expressed their great appreciation for the help.

The communications will allow military and civilians to maintain communication both within the country and also externally with loved ones around the world.

Denigrating such selfless actions with insults reveals a vengeful, small-minded and wholly callous individual. Thankfully now fully exposed. This won’t age well for ‘Mr. Short Bus’.

#164 Diamond Dog on 03.01.22 at 2:04 pm

Is this WW3 starting? – Garth

Zelensky just formally asked this morning to join the EU. This has been a contention for war all along for Putin. But now that war is here, these cards are on the table.

If the EU was to accept Ukraine’s offer to join the EU, this would very rapidly force Europe and by proxy it’s NATO allies into a unified war against Russia. The chances of a war with Russia could escalate from a military war to a nuclear war, but this remains unclear and I think, is doubtful.

There are many factors that come into play with a decision to accept Ukraine’s offer to join the EU. Chief among them is whether Ukraine can even get their crops in this year. It’s a guarantee that the powers that be in Russia have factored in all the counters to an invasion of Ukraine, but had they done a clear eyed unbiased assessment, Russia should have never invaded.

The big problem with a Russian invasion of Ukraine as I voiced back in the summer of 2019 here on greater fool, some might remember it, Russia invades Ukraine and keeps going west if the invasion is quick and easy. The big problem with Ukraine and any nations west of Ukraine, is that it’s one thing to invade a nation but quite another to occupy that nation. The invading nation needs domestic and economic support to keep up occupation, relying on the neighboring nations to remain somewhat neutral. This is simply not the scenario at hand here.

I think the invasion of Ukraine is a tremendous mistake by Putin. Putin’s villainous nature is now on display for the world to see, galvanizing the entire world against him now. China is Russia’s biggest trading partner and would be supportive but to a point. Internally, they must be shaking their heads but I digress, the support “within” Russia for this war must be falling to pieces.

It’s one thing for the Russian mindset to feed one’s notion of expansion towards old U.S.S.R. boundaries and it’s old glory days (whatever they were), but it’s quite another notion altogether when Russia see’s the fallout from it’s actions on it’s own soil in real time. Their economy is collapsing, their trade volumes are dramatically reduced, their reputation is shredded, their voice on the world stage has been dramatically reduced, they’ve become a pariah… their own people, even in a tightly controlled media that it is, must know that Putin has colossally miscalculated here.

There are definite clocks ticking now. Can Ukraine get a crop in… will the EU accept Ukraine as an EU member… how much time/damage needs to pass if the EU accept’s Ukraine’s offer? What happens if they don’t?

Will Ukraine’s democratically elected politicians be assassinated over the course of the next few weeks and months if the west doesn’t accept Ukraine’s offer to join the EU? Will Ukraine’s cities be turned into rubble one by one? With each and every passing day, the damage will mount. There is a point of no return here, a point in history where Ukraine asked for help and if it doesn’t come, history will remember.

Of course, the threat of a nuclear war elevates when there is war and that is a primary consideration, but that threat of nuclear war has always existed. It’s always been there this entire time. No, I think Putin has tremendously miscalculated here but there’s timing involved with the western response.

Of course, commodities will soar. The heavily laden Canadian markets will do well over the next 2 or 3 quarters, minimum and stay strong just before inflation peaks in the U.S. (what to watch is the valuations themselves) When I see a chart like this:

https://www.longtermtrends.net/m2-money-supply-vs-inflation/

Inflation out of the U.S. and by proxy the world is here for a good while. We are looking at double digit inflation out of the U.S. now, unless they slip into recession soon. The fiscal situation (125% debt to GDP Federal) will force the Fed to keep rates below 3%, maybe the very most 4%… the cost of debt service on $30 trillion… the U.S. is in a bad place considering the limits the Federal reserve has with raising rates, it’s m2 and high inflation as it is coupled with it’s fiscal reality (potential currency crisis? Hyperinflation?). Hard choices are coming looking past Putin’s misadventures and world reactions. Maybe hard times. Probably both.

#165 Putin Revolt on 03.01.22 at 2:09 pm

https://mobile.twitter.com/YourAnonNews/status/1498672010154680328?cxt=HHwWkIC5gZiQrcwpAAAA

#166 Sail Away on 03.01.22 at 2:12 pm

President Zelensky’s actions in taking up arms and vowing in defense is commendable.

But… it should not be remarkable. This should be the standard to which we hold all leaders. The role of a leader is to lead.

Inspiring example.

“I don’t need a ride, I need ammunition”

#167 DON on 03.01.22 at 2:15 pm

40 SpaceX Starlink satellites lost after geomagnetic storm hits Earth.

https://watchers.news/2022/02/09/40-spacex-starlink-satellites-lost-after-geomagnetic-storm-hits-earth/

#168 Dr V on 03.01.22 at 2:19 pm

153 Brian

“What are your thoughts on Universal Basic Income
(UBI)?”
——————————————-

Thank you for this link Brian. I did not get past the first page after I saw this phrase repeated:

“guaranteed livable basic income”

Which is probably not a UBI.

I may read more. Thanks again.

#169 Sean on 03.01.22 at 2:34 pm

@Billy Buoy, T-Man, Squire : thanks for the great comments!

There may be a typo in the post:

> The first of four, or perhaps five, rate increases during 2022.

Cuts, not increases!

Ok, maybe not cuts, but I don’t know how anyone can still predict meaningful rate increases. It’s game over, man, game over.

I’m not happy that precious metals and miners are going up due to this war, but if it wasn’t now it would happen later.
The bubble will burst as Mises said. But this war is a nice excuse for rate hike delays and whatever other BS they plan to blame on Putin in coming months. Can’t wait to hear the nonsense Biden’s speech writers come up for State of Union!
Currency and price controls next, shortages after that.

Markets say the BoC will increase for the first time tomorrow. – Garth

#170 Barb on 03.01.22 at 2:35 pm

Never thought I’d be on T2’s side.
But now Trump’s bad-mouthing Canada as a threat to democracy.

https://globalnews.ca/news/8650627/trudeau-trump-trucker-convoy-ukraine/

Trump may be a closet trucker?

#171 Faron on 03.01.22 at 2:50 pm

#163 Sail Away on 03.01.22 at 1:58 pm

Lowering a branch to someone sinking in quicksand doesn’t absolve one’s former actions. Wake me up when Elon rescinds his goal to build TSLA factories in Russia. Not before.

Also, how the heck do you think the thousands and thousands of videos of Russian over aggression have been getting out of Ukraine? Starlink? Nope.

This is purely a PR stunt for him that he can use to get useful idiots like yourself, CEF, YE and whomever else thinks this man’s “generosity” in contributing one ten-millionth of his personal wealth to this issue to buy call options on TSLA. That’s it. That’s his precise calculus. True generosity would be doing more and promoting less.

Oh, and a true moral leader doesn’t use anti-semetic tropes to attack a prominent western leader who was acting lawfully.

#172 Figus Makum on 03.01.22 at 3:07 pm

Fiona Hill is a clear headed, articulate expert on Putin and Russian history.
Her thoughts on Putin and the use of nukes.

https://www.politico.com/news/magazine/2022/02/28/world-war-iii-already-there-00012340

#173 Brian on 03.01.22 at 3:08 pm

Best tweet I saw today!

If people really want to take down Russia, just have Biden & Trudeau govern it for a year.

#174 Faron on 03.01.22 at 3:09 pm

Wow, I was minding my own business when I stumbled upon a real-time video of Sail Away, CEF and other’s moral compass. Medical imaging technology has gotten amazingly good.

#175 Don Guillermo on 03.01.22 at 3:19 pm

BNN’s take today on interest rates. I know, BNN is not everyone’s favorite.

“The rate move would be the first increase in borrowing costs since 2018, starting what’s expected to be one of the fastest hiking cycles since the central bank adopted an inflation target three decades ago. Markets expect a total of six hikes over the next 12 months. Russia’s invasion of Ukraine is unlikely to deter the Bank of Canada, with surging prices for commodities buffering Canada from any broader global economic fallout.”

#176 Faron on 03.01.22 at 3:27 pm

Weird, an investigative journalist has looked into the Starlink charade:

https://www.theatlantic.com/science/archive/2022/02/elon-musk-ukraine-starlink-satellites/622954/

I wonder if known liars like Elon trigger journalists to look into what is most likely to be more lies when he opens his yap.

#177 RichardTO on 03.01.22 at 3:40 pm

@Garth
“So it’s okay for Russia to invade? – Garth”

I would say given the options that the US and West had cornered Russia with – it was the only option for him. This invasion is solely the result of the 2014 coup d’etat which toppled an elected (and globally recognized pro-Russian government) with a junta hand-picked by the US State Department. 2014 is not that long ago. Did everyone forget?

Putin is taking risks that are unimaginable to the people of the West. He either succeeds now with the creation of a neutral Ukraine, or the West escalates to open confrontation which only leads to nuclear combat.

This is a very serious matter for the Russians – they’re serious about security as memories of 1941 haunt every Russian family. That’s why I find the bellicose posturing of the sophomoric “ruling class” here in Canada and the West in general as particularly dangerous.

We’re in the middle of an information war now and the first casualty is truth. As far as the situation on the ground, it’s hopeless now as the operational element of the Ukr army, somewhere between 40,000-100,000 men is encircled on the Donbas front, with most of their heavy equipment, east of the Dnieper. The Kyiv situation is a side show by comparison, as most of the fighting has gone unreported from the east (there are no journalists in those areas).

A speedy and decisive Russian operation that will lead to the fewest casualties is the best we can hope for. Sending in more weapons will only prolong the damage and misery of the people there.

#178 faron on 03.01.22 at 4:11 pm

#163 Sail Away on 03.01.22 at 1:58 pm

vengeful, small-minded and wholly callous

Thought you weren’t into ad hominem attacks?

Regardless, I have very, very good company who share my distaste for Elon and see through this current “benevolence”.

#179 jess on 03.01.22 at 4:14 pm

faron:
Geoff Dembicki is an investigative climate journalist based in New York City. He is author of The Petroleum Papers and Are We Screwed?

https://www.desmog.com/user/geoff-dembicki/

..”In these papers, van Kooten has claimed, “There is a great deal of uncertainty concerning climate change,” while citing Canadian climate change skeptic Ross McKitrick and George Mason University research fellow Patrick Michaels from the U.S.” (desmog blog)

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

Novatek,$150 per share. London at $19 – a decline of 87 percent in the span of four trading sessions.

Ukraine’s IT Army, a community of hackers, has taken credit for taking down the MOEX website.

Gazprom, plunged 53 percent on the London Stock Exchange.
Sberbank, is now a penny stock in London?

#180 jess on 03.01.22 at 4:33 pm

from one disaster to another :

…”Three decades later…In February 2021, Switzerland agreed to return $265 million in “illegal commissions” on the deal that were stashed in Swiss bank accounts, and Taiwan is seeking hundreds of millions more.

The so-called Lafayette scandal is one of the largest naval contracting corruption schemes in modern history.

https://www.occrp.org/en/suisse-secrets/leading-taiwan-politician-had-secret-credit-suisse-account-at-time-of-major-defense-corruption-scandal

https://www.icij.org/investigations/pandora-papers/vladimir-putin-konstantin-ernst-russia-tv-offshore/

Leaked documents reveal Konstantin Ernst’s secret stake in massive, state-funded privatization deal.
By Margot Gibbs, Kathryn Kranhold and Jelena Cosic
Image: Artyom Geodakyan/TASS via Getty Images
October 3, 2021

Putin’s leading image-maker got a secret stake in a billion dollar Moscow property deal through an offshore firm…“Moscow’s biggest retail project” was partly funded by a Cyprus lender, majority owned by Russia’s state-owned VTB Bank, which asked for key documents to be kept from register in the British Virgin Islands
Ernst’s offshore company held a 23% stake in a partnership that bought 39 Moscow cinemas at the minimum bid price through a Moscow government-run auction

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

Feb 17, 2022
As the West takes aim with Russian sanctions, here’s what we know about oligarchs’ secret finances

ICIJ investigations over the years have uncovered massive money movements by prominent Russians close to President Vladimir Putin who have earned scrutiny by international authorities.
Topics: Accountability, Russia

https://www.icij.org/?s=putin