Was. Will.

Download TikTok and follow #ukraine. As reporters have been booted out of the war zone, social media has moved in to upload graphic footage of war, in real time. Zelensky is here, of course. So are images of wall-to-wall destruction, flames, rockets, exploding tanks, dead people, Russian POWs and attack helicopters.

The world is watching this. David v Goliath. The Ukrainians, and especially their media-trained leader, have been heroic in terms of communication. The video above is powerful, emotive and – should it ever be viewed in Russia – perhaps transformative.

This pathetic blog won’t pretend to know who’ll win or what sectarian issues set the country alight. Some people see the Russians as defending their frontiers and supporting ethnic brethren. Most see it as a rogue and illegal invasion. Things will probably get worse before they’re resolved.

Whatever the outcome, this is a global event. Look at oil prices, for example, and the impact they are having everywhere. More inflation, less cash flow for families. Wheat and fertilizer are huge issues, since Ukraine and Russia pump out an oversized amount of world supplies. This could cause food insecurity, fast, in Africa. Production of rare metals is impacted while the international supply chain is dealt another blow. Russian sanctions have upended finance and distorted currencies. The exodus of hundreds of western-based corps from there has set growth in that country back a decade.

For those of us who grew up with the Cuban missile crisis, Khrushchev banging his shoe on a UN desk, the cold war, USSR and routine drills to prepare for a nuclear conflict (like ducking under your school desk was any defence…) there’s a lotta déjà vu in the air. But while flying nukes and WW3 are highly unlikely, this economic stuff is very real. Singlehandedly, Putin seems to be changing the world order. Not for the better.

Here’s the way my grizzled market buddy Ed Pennock sees it:

Mercantilism returns. A long-term negative. Colloquially put that’s a “Beggar Thy Neighbour” policy. Forget all that good stuff about the division of labour and specialization. We are moving towards tariffs, protectionism, trade wars, and supply chain compression. It’s an era of economic nationalism. It may be out of necessity. It’s the safest and the surest. There are shortages everywhere. Oil to oats, lithium to copper, and chips for everything. Domestic suppliers win concessions to expand. As we wrote over a year ago, we are going from just in time to just in case. It’s about the surest, not the best price.

And remember wars are inflationary. They cost billions, if not trillions. Every day a thousand or so rockets are exchanged in Ukraine. Some, like the cruise missiles, cost about a million a shot. Tanks are $4.5 million a piece. This war, by throttling food production, creating four million refugees and sending oil to $110 a barrel, is even moreso. You should count on central banks continuing to raise rates to try and stem this destructive price escalation, at the same time more public debt is amassed and global trading patterns are shredded.

In short, be careful.

It’s not a great time to be borrowing a mess of money, to use big leverage, to buy real estate at the top of the mountain, to be plowing your treasure into crypto volatility, to have variable-rate debt or think you’re the smartest guy in the room and flip stocks.

If you have been investing in a balanced and diversified way using ETFs with low costs and high liquidity, well, stay at it. Hopefully you have good Canadian equity exposure to benefit from inflated commodity values, and a fixed-income portion with rate-reset preferreds and some floating-rate bonds to give insurance, but also CB protection. Like pandemics, wars are horrible but temporary.

Over the course of your adult life, Putin may turn out to be inconsequential.

Zelensky, on the other hand, is the future. If he survives.

124 comments ↓

#1 Ian on 03.25.22 at 3:09 pm

$XEG was a steal at $3, just keeps climbing and I like the CAD Energy Diversification. GLORY TO UKRAINE, I will visit when this mess is over and early too; because I know it will be peaceful again :)

#2 SunShowers on 03.25.22 at 3:10 pm

“Some people see the Russians as defending their frontiers and supporting ethnic brethren. Most see it as a rogue and illegal invasion.”

It’s kind of both.

I just hope that America funneling billions in “lethal aid” and training to right-wing militias like Azov Battalion doesn’t blow up in their (and by extension the rest of the world’s) faces like it tends to every other time they do it.

#3 jess on 03.25.22 at 3:14 pm

Like pandemics, wars are horrible but temporary.”….

i wish they all ran out of weapons ….

https://www.youtube.com/watch?v=ztZI2aLQ9Sw

The United Nations says the conflict in Yemen has produced the largest humanitarian crisis in the world, with 24.1 million people – 80% of the population – needing humanitarian aid and protection.

It predicts 19 million Yemenis will go hungry in the coming months, while more than 160,000 of them will face famine-like conditions. Reduced supplies of wheat from Ukraine, caused by the current war there, are likely to push hunger levels in Yemen even higher.

More than 10,000 children have been killed in the fighting, according to the UN

The UN estimated that by the end of 2021, the conflict in Yemen would have caused over 377,000 deaths, with 60% of them the result of hunger, lack of healthcare and unsafe water.

It says more than 10,200 children are known to have been killed or wounded as a direct result of the fighting.

Yemen has also suffered from one of the largest cholera outbreaks ever recorded, with 2.5 million suspected cases and about 4,000 related deaths since 2016.

#4 bdwy on 03.25.22 at 3:17 pm

#134 DON on 03.25.22 at 1:42 pm

**********
Come on bdwy…buying at the height of price increases in a wave of change?
—————————-
van city proper had the smallest bump in assessments last year. ~9% around here.

the closer to hope the better you did in 2021.
if return to office really kicks in , the sticks are over priced but urban detached you can’t ever go wrong it seems.

#5 Midnight’s on 03.25.22 at 3:17 pm

It’s not a great time to be borrowing a mess of money.
True…
But your article could be applied to Canada over the past 2 years. As for Zelensky, how does he get such a great signal for his WiFi speeches to different governments? At the same time no background noises as shells going off. I’m not a big proponent for war at all. But I find it interesting that the people from the 60’s that spoke out against war and spat on the troops coming home are all of a sudden the biggest pushers for war.
What do I know?

#6 tkid on 03.25.22 at 3:29 pm

Get a pantry, even if you have to clear out space under the bed. You can get this plastic cones that elevate the bed about 4 to 6 inches, leaving plenty of space under the bed for items while not making it too difficult to climb into bed at nap time.

Stock the space with canned goods, starting with the expensive stuff, canned meat. Buy the ones with expiry dates a few years out. Get the cardboard under the cans to protect your floors/make retrieving cans easier.

Start growing a garden, even if it is in containers.

Don’t forget the local food pantries; many of them have clients who are already seeing hard times.

#7 Dave on 03.25.22 at 3:30 pm

Garth, what are your thoughts on sanctioning people that park money overseas? Do you continue to deny that this is happening in Canada?

#8 Danger Dan on 03.25.22 at 3:32 pm

“The exodus of hundreds of western-based corps from there has set growth in that country back a decade.”

What if Russia has no intention to reopen its economy to Western influences?

Then it would not be setting the country “back”, except as measured by the Western yardstick, which views Russia as an economic backwater.

Meanwhile our flirtations with socialism are also racking up economic consequences.

According to Leger polling, 30% of new immigrants intend to leave Canada within 2 years. Loss of confidence in Canadian leadership was cited as a reason.

How much is that going to set us back?

#9 I don't know on 03.25.22 at 3:35 pm

Generally speaking, those that support this war are usually anti western, and using it to project their own opinions more than anything else. Or paid propagandists.

The irony is that the war has strengthened the western world, and the US in particular. No one really poses any external threat to US dominance except themselves. On that front, the war has helped unify the US. A unified US is unstoppable.

The sad part is Russia’s prosperity lies with good relations/trade with Europe, more than anyone else. It always has. The animosity here is so incredibly misplaced.

This war is 100% pointless and tragic.

IDK

#10 VladTor on 03.25.22 at 3:38 pm

Garth…

Zelensky, on the other hand, is the future. If he survives.

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

How Zelensky may have future if his army has Nazi battalions which doing this:
(translated an link to original)

https://www.vkpress.ru/incident/zapugannye-golodnye-chumazye-iz-mariupolya-evakuirovali-detey-u-kotorykh-natsiki-rasstrelyali-rodite/?id=144851

Not for the faint of heart!!!

Frightened, hungry, grimy: children were evacuated from Mariupol, whose parents were shot by the Nazis

They managed to survive thanks to their courage.
The eldest boy gathered all the kids in the yard and hid them in the basement. They were there until the Russian military found them. It is known that the nationalists killed the parents of small children. So they had to survive on their own.

According to those who helped them get out of the city, the children were very scared, dirty and hungry. They did not even understand that they had come to save, not to kill. It was impossible to see the children’s eyes without tears.

Currently, all the guys are under the supervision of medical workers. Now their lives are not in danger.

Earlier we wrote: the Nazis shot a husband and wife in order to leave Mariupol with their children

#11 AM in MN on 03.25.22 at 3:41 pm

Always bashing crypto, but never differentiating between Bitcoin (the SEC has ruled is property) and all the others, which are securities of various values.

Note that BTC hasn’t been that volatile for a while now, steadily rising after some big Russian owners needed to liquidate. Rumour of a US$6B sell on a middle eastern exchange.

Plans being cobbled together to sell oil & commodities outside the global US$ system. It’ll be gold or Bitcoin as an intermediary, but my money is on Bitcoin because the 3rd party hold period needed can be less than 1/10th of second, to take out price volatility.

If big players seek an insurance policy against seizure and sanctions, and if big global banks and clearing houses need to hold a reserve position, price and liquidity are only going in one direction.

#12 VladTor on 03.25.22 at 3:46 pm

Garth…It’s not a great time to be borrowing a mess of money, to use big leverage, to buy real estate at the top of the mountain, to be plowing your treasure into crypto volatility, to have variable-rate debt or think you’re the smartest guy in the room and flip stocks.

*********

GOLD WORDS! Should be printed on each big board in each Canadian city!

But, Who will believe in it until big crash happened!

#13 RichardTO on 03.25.22 at 3:47 pm

Zelensky is an actor. And in Poland since about a week ago.

#14 Ponzius Pilatus on 03.25.22 at 3:50 pm

Let’s not forget.
COVID is not over.
Western Europe’s numbers are trending up again.
So is Ukraine’s.
Watching the refugees.
Nary a mask insight.
Only 34% of the Ukrainians are fully vaccinated (2 doses).
Americans are only taking in 100 k of refugees.
Western Europe is again taking the brunt.
How long until sympathy turns into resentment, and hopefully not more.
Too early to write history.

#15 So glad I sold on 03.25.22 at 4:09 pm

Disheartening to see what’s going on in Ukraine right now. I feel sorry for all concerned.

#16 Squire on 03.25.22 at 4:15 pm

Garth…

Zelensky, on the other hand, is the future. If he survives.

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

It is not that clear what is going on in Ukraine. What I mean is, with all the misinformation and propaganda it’s not easy to know everything.
What is known is that this is tragic on many levels. We have yet to feel the full impact of this major event.
Also, I wouldn’t exactly call someone like Zelensky a beacon of democracy.

#17 jimmy zhao on 03.25.22 at 4:21 pm

Percent of world Potash production:

Canada 31.8%
Russia 20%
Belarus 17.6%
China 10.4%

Canada is posed to supply even a greater percentage of the world’s Potash needs.

#18 Linda on 03.25.22 at 4:22 pm

Another excellent post with extremely relevant information. Covid began the supply chain review as pressure points/fault lines of the ‘just in time’ system were exposed. Case in point: vaccines. Canada had no vaccine manufacturing facility ‘in house’. Still don’t, though plans for both a private as well as public facility are apparently in the works. Thing is such facilities take time to create. Meanwhile, ongoing supply shortages (even before the Ukraine invasion) were occurring. Call it real life ‘Murphy’s Law’ in action. A supply ship lodges itself sideways in the Suez canal. An ice storm in Texas shuts down the facility that provides the binder to manufacture plywood. A factory that supplies an essential ingredient to manufacture paint burns to the ground. In the last two examples, both facilities were apparently the ONLY manufacturing facility to supply the needed elements in all of North America. Surprise! Now add other pressures to the mix like the impact drought had on crop production across Canada & the American mid-west; fires, floods, hail, tornadoes, hurricanes etc. that have increased demand for supplies. Inflation isn’t going to depart any time soon.

#19 Doug t on 03.25.22 at 4:28 pm

What a time we are having on this rock eh – humans are the worse species alive on this planet – oh well stock up on some extra canned goods just in case and lets hope somebody doesn’t hit the big red button

#20 VladTor on 03.25.22 at 4:31 pm

Garth…The exodus of hundreds of western-based corps from there has set growth in that country back a decade.

***********

I’m not sure! Any western-based corps in reality not leaving Russia. Mostly just changing name or even telling that that stay or paying salary to employees without production which is mean that they stay. F… sanctions – main idea! Money first!

More important for us is Canada! Here is increasing problems!

Shipment of industrial products in January 2022 to January 2021 at constant prices minus 1.3%, and at current prices plus 13.4%. What it is is not difficult to guess. This is double-digit industrial inflation. Even before the start of the Ukrainian events.

https://www150.statcan.gc.ca/n1/daily-quotidien/220315/t001a-eng.htm

#21 Søren Angst on 03.25.22 at 4:35 pm

Well say what you will, but globalism has shown its shortcoming in such a way as to hurt the pocketbooks of most if not all on Planet Earth.

I thought it was reckless and Pollyanna in its assertions from the outset back in the 80’s.

Vindication for me.

Sad for all.

——————-

As for the war, Russian “MSM” talking about ANYTHING BUT the “special operation in Ukraine”.

You know it’s going bad for them when that happens.

I like India Today as it pulls no punches.

Here they say that Russia has lost about as many men and materiel in 28 days in Ukraine as they did in 10 years in Afghanistan:

https://www.youtube.com/watch?v=-JPF6zlafiY

They wonder how long it will take Putin to admit defeat and leave Ukraine.

If their “special operation” tone deaf MSM is any indication. Soon.

Very soon.

#22 Kitty Kaboom on 03.25.22 at 4:43 pm

Potash? Potable Water? Oil & Gas? Uranium? Gold?

What a time to be alive — if Canada could actually work together to grow our collective GDP on items the world actually needs right now at a price premium, we wouldn’t need tulip bulbs & home swapping to stand in for GDP. :)

–Fast-track pipelines.
–Get red tape out of the way for energy development.
–Build a real Trans-Canada highway that links the nation end to end with 4 lanes.
–Connect Energy Producers with Energy Consumers within our borders!
–Increase experimental Hydrogen blending into NatGas for consumers, providing increased feed-stock for export.

The will is there, the people are willing, the bureaucrats seem to have other ideas.

Who am I kidding…

GDP == MLS.

#23 Ground Zero Beef! on 03.25.22 at 4:47 pm

like ducking under your school desk was any defence.

Obviously you aren’t aware of just how much chewing gum I had stuck on the underside of my desk At least F5 tornado rated!

#24 Andrew on 03.25.22 at 4:49 pm

#2 SunShowers on 03.25.22 at 3:10 pm

*****

You don’t know what you are talking about. So please don’t make a fool out of yourself.

And yes, I am from Ukraine in case you were wondering.

#25 war on 03.25.22 at 4:50 pm

People have opened their heart and wallets for Ukrainians. Countries around the world have welcomed Ukrainians. Just a few years back, Syrian cities were bombed by Russia with Chemical weapons and thousands of civilians killed. Syrians who tried to escape this war zone were kicked out and not allowed in Europe and other countries. Iraq was bombed based on a lie that they have WMD. What about Libya? Did they ever attack the West? What a racist world we live in….Human, Government and Media care only if the amount of Melanin in the skin is a little lower. There are lots of skin creams available to reduce the Melanin. Hopefully more people will use it.

#26 Søren Angst on 03.25.22 at 4:50 pm

#14 Ponzius Pilatus

Ukraine refugees being vaxd upon entry to Italia. Expect the same elsewhere in the EU.

I see no resentment here in Italia at their arrival. Rather, I see open arms and glad we could help out. I am one of them incl. money where my mouth is.

Hate to say this GARTH but today shopping I saw a real live Ukrainian BABUSHKA in the grocery aisle.

Well she was just talking up a storm on her cell phone, had a cart full of STEROID FREE, GMO FREE produce that you CAN’T GET IN CANADA and she looked to me VERY, VERY HAPPY.

One happy shopper indeed.

Put a smile on my face for the rest of the day and still as I type this Comment.

Glory to Ukraine. And glory to Italia and the European Union which continues to help them.

———————

On a sad note, Italia is eliminated from 2022 World Cup play. They lost to bloody N. Macedonia…whomever and wherever that is.

Well, at least Italia won Euro 2020 in 2021.

#27 The West on 03.25.22 at 4:53 pm

Interview done with the United States Assistant Secretary of Defense (under Clinton), Chas Freeman.

https://www.youtube.com/watch?v=0vxufUeqnuc

It’s an hour that is well worth your time. No, it’s not “Tucker Carlson Farts” nor is it “Pro-Russian Propaganda”. He is a man of the Washington Consensus with concerns about the charted course of America’s Neo-Liberal Order and the future of their dollar as the world reserve currency.

#28 crowdedelevatorfartz on 03.25.22 at 4:53 pm

@#119 Questionable Quotes.

“I know it’s confusing for you now, I feel for you, but is where we are now in the” build it better “stage of a new society.”

+++

It always astounds me that the same zippy slogans come around generation after generation which essentially say.
“The older generation were fools and we youth know better…..”

I believe there are comments to that effect written in stone on the walls of ancient Pompeii.

Arrogance and ignorance appear to be a growing trait handed down generation after generation until it has reached it’s zenith in the present day.

If the smug, condescending, politically correct jabberwocky spewing forth from every brainwashed grad student of the past 5 years is any indication.

I cant wait to see how our “educated” elected youth, with the work ethic of fentanyl addicted, narcoleptic tree sloths and the self assured intelligence eclipsing Einstein.

How will they survive their smug existence as jobs disappear and inflation mounts.
I highly doubt it will be pensioners carrying torches and pitchforks at the gates when everything goes to crap.
Angry, riotous mobs tend to be younger ex Starbucks employees with two degrees in Basket Weaving 101 and no affordable place to live.

One can be sure the righteous “leaders of tomorrow ” will point the blame on everyone but themselves…and Boomers make a convenient target
Self preservation tends to do that.
Question.
When the Boomers are all gone and things are still going to crap.
Who will you flog then?

#29 Ponzius Pilatus on 03.25.22 at 4:55 pm

Read an excellent article in “Der Spiegel”.
Called “Putin’s 1,000 year old war”.
The gist is:
Most of this region has been in chaos, going back and forth for centuries.
The Austrian Hungarian Empire was a powerhouse, just about 100 years ago.
Included even, yes, parts of Ukraine.
Now , they are a country of 8 million.
I guess, eating too many rutabaga stews, does that to you.
To summarize:
Border disputes have been going on for centuries.

#30 THE DANDADA on 03.25.22 at 4:55 pm

BITCOIN and Crypto will come out the winner out of all of this.

The mega banks, financial institutions, and now countries are all jumping aboard. Powell has approved!

https://www.youtube.com/watch?v=WWFnpZVKz80

Your dollar bills will continue to erode as the money printer keeps churning and your elected government officials continue to spoon feed the masses.

They simply cannot raise rates high enough and fast enough without creating a depression to be able combate this amount of inflation.

The “house of cards” of the current financial system is toppling over everyday that goes by.

#31 Andrew on 03.25.22 at 5:00 pm

#10 VladTor on 03.25.22 at 3:38 pm

*****

I assume it’s “Vladimir” from Toronto. I’ll be brief – this piece of cheap yellow page russian propaganda you have quoted here is embarrassing. I can read it, see as a Ukrainian I do read russian. If you still believe there are “nazis” in Ukraine, and your fellow russians are “liberating” anyone there, I need to tell you that you’ve been brainwashed. Do yourself a favour and stop watching russian “news”. You’ll get better eventually. I would also highly recommend you read 1984 by George Orwell. I am sure you will see A LOT of similarities with what your fellow russians have been experiencing for a long time… (and, unfortunately, you as well).

Слава Україні!

#32 Sail Away on 03.25.22 at 5:04 pm

#7 Dave on 03.25.22 at 3:30 pm

Garth, what are your thoughts on sanctioning people that park money overseas? Do you continue to deny that this is happening in Canada?

——–

Dave, I park money overseas.

What, specifically, are you suggesting?

#33 Søren Angst on 03.25.22 at 5:05 pm

#17 jimmy zhao

NTR • TSE
Nutrien Ltd

Used to own them, bought them in 2020 during the pandemic (people got to eat). Sold them late last year as their annual div yield too low at 1.8%.

Last 6 months:

+61.59%

Also bought DEATH (PLC • TSE) same buy and sell timing as NTR. Did well. Again, annual div yield too low at 1.33%.

Bought PLC BEFORE Covid hit Canada and N. America. My way of getting even with all the:

it’s only the flu

nutbars in 2020.

————–

Changed it all late last year.

Garth et. al. ETF (ETN) B&D, value over growth, etc. + my high div mantra worked out well.

My Liege. Thank you. Changed it all because of you and your cadre late last year. Glad for it.

Just did March calcs today and my weighted avg. annual div yield was:

20.2%

Last 7 months average was:

18.4%

(17.2% for “90 day Sail Away”).

I know the Pro’s that read this Blog are ROTFL vs. their gains. So be it. I’m elated.

#34 crowdedelevatorfartz on 03.25.22 at 5:14 pm

@#2 Sunshowers
“…..doesn’t blow up in their (and by extension the rest of the world’s) faces like it tends to every other time they do it.”

+++
Never forget.
Dictator Putin started it.

#35 VladTor on 03.25.22 at 5:18 pm

to #21 Søren Angst on 03.25.22 at 4:35 pm

…Here they say that Russia has lost about as many men and materiel in 28 days in Ukraine as they did in 10 years in Afghanistan:

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

Fake news! My friend trust only officials. Here is the numbers:

During a special military operation in Ukraine, 1,351 Russian servicemen were killed and 3,825 wounded, First Deputy Chief of the General Staff of the Russian Armed Forces, Colonel General Sergei Rudskoy, said at a briefing in Moscow on Friday.

‘The air forces of Ukraine have been almost completely destroyed: out of 152 military aircraft, 112 were destroyed, out of 149 helicopters – 75, out of 36 Bayraktar TB2 drones – 35, out of 180 S-300 and Buk M1’ – 148, out of 300 radars for various purposes – 117, the country’s Navy and the air defense system ceased to exist. Over the month, the losses of Ukrainian troops amounted to about 30 thousand people: 14 thousand were irretrievable and about 16 thousand were sanitary.

From the statement of the Russian Ministry of Defense

#36 Shawn on 03.25.22 at 5:24 pm

Build a Real Trans-Canada Highway?

#22 Kitty Kaboom on 03.25.22 at 4:43 pm

Suggests

–Build a real Trans-Canada highway that links the nation end to end with 4 lanes.

*****************************
Great idea and one you never hear talked about. This would increase trucking efficiency greatly.

I wrote to the Canadian Infrasture Bank a couple years ago suggesting this. I suggested that there was in fact no highway across this country given that the definition of highway these days did not include two lane roads.

They were polite and wrote back and said they were entertained by my letter.

They said basically no, that was not in the plans.

Actually what did that group ever invest in? Anything?

#37 Inadequate on 03.25.22 at 5:28 pm

@#5 Midnight’s

It never fails that the old likes to send the young (but not their own) to fight and die. Especially, those who were never in uniforms. This applies universally.

#38 Quintilian on 03.25.22 at 5:31 pm

Crowdy:
“When the Boomers are all gone and things are still going to crap.
Who will you flog then?”

We hope that by then the assimilation will have taken hold in its entirety, and the “crap”will be behind us, just as bigotry, racism and all the other blights have somewhat waned.

As for now:
Resistance is futile, line up with us angels, so much to be done.

#39 AM in MN on 03.25.22 at 5:32 pm

#22 Kitty Kaboom on 03.25.22 at 4:43 pm
Potash? Potable Water? Oil & Gas? Uranium? Gold?

The will is there, the people are willing, the bureaucrats seem to have other ideas.

———————————————–

The will is NOT there with the voting majority. It won’t be until more economic pain comes to the masses.

The politicians can overrule the mandarins if they want to, but none of them have the backbone for the backlash from the left (incl. the media)

#40 Shirl Clarts on 03.25.22 at 5:32 pm

#19 Doug t on 03.25.22 at 4:28 pm
What a time we are having on this rock eh – humans are the worse species alive on this planet – oh well stock up on some extra canned goods just in case and lets hope somebody doesn’t hit the big red button

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

It isn’t a big red button. They have the Two-man rule, just like in the west. Ahem, or should it now be called the Two-person rule.

#41 Brian on 03.25.22 at 5:37 pm

I was robbed at a gas station in Ontario last night. After my hands stopped trembling. I managed to call the cops and they were quick to respond and calmed me down. My money is gone I said. The police asked me if I knew who did it. I said yes. It was pump number 9.

#42 Søren Angst on 03.25.22 at 5:40 pm

#35 VladTor

Dude. Your just not that in the “know”.

Tass published similar numbers, deaths, on their website a couple of days ago and then pulled it.

Claimed they had been hacked. Either way, pretty sad state of affairs in Mother Russia.

So, you wrote up a diatribe of BS for nothing.

#43 Brian on 03.25.22 at 5:43 pm

U.S.—As The Babylon Bee faces its fifth day suspended from Twitter, users are increasingly being forced to get their fake news from a different source: CNN.

Indeed, sources from within the news organization claim they have seen an increase in engagement and impressions as satire-starved users have been forced to wean themselves off The Babylon Bee and follow CNN instead.

“Wow, we’ve seen a massive spike in followers!” said an excited Brian Stelter as he obsessively refreshed the official CNN Twitter account. “Dozens have joined in the last few days alone! Dozens!!!”

“Things are really turning around now!”

CNN immediately tried to capitalize on the influx of followers looking for good, comedic fake news by publishing an article on how Joe Biden is doing a great job and does not have dementia, a report on how World War 3 could have a negative effect on trans BIPOC representation in Netflix films, and an in-depth investigation into how many ice cream scoops Trump got as president.

“These guys are hilarious. Way funnier than The Babylon Bee!” wrote one Twitter user in reply to an op-ed saying that gas prices aren’t under the president’s control and that ultimately they were Trump’s fault. Similar responses telling CNN how hilarious they are could be seen under every article they posted during The Bee’s time in Twitter jail.

Sadly, the news organization squandered all the goodwill they had garnered as 17 new CNN sex scandals were uncovered today.

#44 NDPLer.. on 03.25.22 at 5:46 pm

Garth can you please do a post on what effect the arranged marriage of the libs /NdP will have on the Canadian economy?..you followers need an eye opener..

#45 Flint on 03.25.22 at 5:46 pm

Canada 5 Year Bond Yield has surpassed 2018 peak and just about to pass 2011 peak.

Lumber in down 31% on the month after a miraculous bounce that almost reached the all time record set in May 2021.

The forward 2s10s are inverted.

We are headed for a bigger recession than 2008.

#46 marnic on 03.25.22 at 5:46 pm

#35 VladTor

Right Vlad, good old Sergei wouldn’t bullshit anyone now, would he?

#47 Søren Angst on 03.25.22 at 5:47 pm

#29 Ponzius Pilatus

“eating too many rutabaga stews”

Says the expat from the culinary capital of the World Austria.

Germans, greasy sausage eaters that now use a fork thanks to the Medici Sisters.

Same goes for you France.

#48 Philco on 03.25.22 at 5:53 pm

A X US military intelligence officer that now lives in France friend of mine says the media is 100% BS.
Ill go with his view as he does research all day I don’t.
He also was one of the most decorated US fighter pilots and hates war.

“John F Kennedy faced exactly the same situation in 1962 when the USSR installed nuclear missiles in Cuba. He demanded they remove them. If they refused what would he have done?
If you are listening to the WEF and they have an agenda. The US and Nato want this war. It was planned a couple of years ago by the Rand Corporation.
Putin isn’t the bad guy.”

Then we have our con head leader to contend with.
https://twitter.com/ikwilson/status/1506826131579682816?s=21

#49 cramar on 03.25.22 at 5:54 pm

#136 bdwy on 03.25.22 at 1:52 pm

seems like a solid assumption.
72k for a decent-ish house when i left for bc in 1995.
warmer too. we called it the ‘banana belt’ .

——————

Oh boy! 1995 is a lifetime ago! Your 72k is now as of March 3, 2022 …

“The Windsor-Essex County Association of Realtors is reporting a steep increase in the average home sale price in the region.

“The average sales price was $704,112 in February 2022. That’s a 44.74 per cent increase compared to a year ago, when the average was $481,221 in February 2021.”

https://windsor.ctvnews.ca/dramatic-44-per-cent-increase-in-average-home-price-in-windsor-essex-1.5803982

At least it is still the banana belt.

#50 Pimp my House on 03.25.22 at 5:57 pm

The LNDP have high level information about what the tightening of monetary conditions is going to do to housing in Canada: housing is going to crash.

So, the LNDP have decided to bring in measures at the same time as a way to say, see look what we did and when we did it – to take credit for what the market is already going to do.

This is high level political games that is going to make the housing drop even worse.

Meanwhile the LNDP hope that getting all the credit for what the market is doing regardless will be a sell with millennials at the next election where they can say: see I told you our measures would make housing more affordable and it did, even though the real reason for the coming crash is financial markets doing what they do in the face of what is going on in the world.

#51 crowdedelevatorfartz on 03.25.22 at 6:02 pm

@#38 Quintillia Queen of the Borg

“We hope that by then the assimilation will have taken hold in its entirety…..”

+++
Assimilation is inevitable?
Resistance is futile?

https://www.youtube.com/watch?v=sMt3SzAH_i0

#52 VladTor on 03.25.22 at 6:05 pm

to #10 VladTor on 03.25.22 at

If you still believe there are “nazis” in Ukraine…

*********

Me? Believe? Of course I believe with… 40 US congressmens:

US congressmen led by Max Rose appealed to the State Department demanding that the Ukrainian national battalion ‘Azov’ be included in the list of foreign terrorist organizations.
They sent a corresponding letter ( issued 18 Oct 2019) to Secretary of State Mike Pompeo. The parliamentarians note that the supporters of the national battalion hold ultra-right views and ask for an explanation why it has not yet been included in the list of terrorist organizations.
Congressmen recalled the criteria by which this list is compiled: it is necessary that the organization be foreign, able and intending to engage in terrorist activities, threaten US security, national defense, US economic interests or international relations.

If you can see this photo… what do you think, 40 US congressmen’s is right?

https://www.google.com/imgres?imgurl=https%3A%2F%2Flupa.bg%2Ff%2Fnews%2Fb%2F165%2Fc778fb6577a5bdb8edfbb1c570290615.jpeg&imgrefurl=https%3A%2F%2Flupa.bg%2Fnews%2Fkoshmar-bdquoazovrdquo-planira-da-vzrivi-yadren-reaktor_165926news.html&tbnid=laxCDYz8l33NIM&vet=12ahUKEwiB9ozmoeL2AhWXoYkEHcOLBMEQxiAoC3oECAAQGw..i&docid=l0IfsYT_q9Om3M&w=840&h=473&itg=1&q=%22%D0%90%D0%B7%D0%BE%D0%B2%22&client=firefox-b-d&ved=2ahUKEwiB9ozmoeL2AhWXoYkEHcOLBMEQxiAoC3oECAAQGw

(Garth this is not Nazi propaganda – I use it like a photo fact)

#53 Editrix on 03.25.22 at 6:06 pm

And Hitler was supposedly protecting his ethnic brethren in the Sudetenland when he marched into Czechoslovakia. It was a convenient excuse to take over a country.

It’s embarrassing how little Canada now manufactures compared to a few decades ago. I have no problem with Canadian economic nationalism.

#54 Brian on 03.25.22 at 6:14 pm

In the middle of a war!

Ukrainian President Zelensky in talks with Academy to make Oscars appearance

https://nypost.com/2022/03/25/ukrainian-president-zelensky-in-talks-with-academy-to-make-oscars-appearance/?utm_campaign=SocialFlow&utm_source=NYPTwitter&utm_medium=SocialFlow

#55 Howard on 03.25.22 at 6:20 pm

#145 Linda on 03.25.22 at 3:15 pm

Not really sure how to respond to someone who thinks retirees sitting in $20 million properties aren’t wealthy. If being a millionaire x20 doesn’t make you rich, even today, then what is your threshold? $50 million? a billion?

I’m wondering what contorted logic you use to justify giving them free dental care (because, as retirees, their “income” is low) but not extending it to middle class families with $95K household income (a very modest sum these days) struggling with soaring inflation.

#56 VladTor on 03.25.22 at 6:20 pm

to #31 Andrew on 03.25.22 at 5:00 pm

If you still believe there are “Nazis” in Ukraine
*************

In addition to mine opinion and 40 US congressmens – just photo fact

Symbolic “AZOV” Nazi battalion same like Symbolic German division SS ” Reich”:

https://ureport.bg/29033/2014/08/15/politika/evropa/interbrigadistite-v-iztochna-ukrayna/attachment/%D0%B0%D0%B7%D0%BE%D0%B2-1

(Garth – please this is not a NAZI propaganda – just illustration to my post)

#57 espressobob on 03.25.22 at 6:24 pm

It’s hard to fathom what’s going on in Ukraine.

What planet am I living on?

#58 Steven on 03.25.22 at 6:25 pm

If you’ve never witnessed a top security officer in a communist security mindset, you have no idea of Putin’s goals

Let’s just say no surrender, no care about anyone and country, he is not religious thus has no god. He is god

One day at a time. Enjoy each moment.

#59 Steven on 03.25.22 at 6:31 pm

Zelensky is a puppet to his master’s.

The only way he gets away with shaming NATO as he has the past week which would cut off anyone else is because he’s in the same team and just playing a role in the big reset.

Remember he was a professional comedian and Reagan like Trump and Justin all come from the entertainment industry.

#60 yvr_lurker on 03.25.22 at 6:33 pm

Really good video, and needs to be visible to the average Russian citizen who can then hopefully understand that they have been lied to and manipulated by their media for two decades.

Globalism as we have known it should be scaled back to a large extent. Can’t trade with partners who would weaponize trading if a conflict emerges, i.e. Russia, China etc. Frankly, I think China could be the next Russia, and we should not be expanding trade in that direction. As COVID has shown, more stuff needs to be made in America, and trade with Govt’s who we can trust. Diversification of trade (just like in making financial portfolios is a key). Mexico and some parts of Latin America could benefit if trade is diversified away from China.

#61 crowdedelevatorfartz on 03.25.22 at 6:37 pm

@#47 Soren
“Germans, greasy sausage eaters that now use a fork thanks to the Medici Sisters.”
+++
Strange.
Most Austrians I know still forego utensils of any kind…. when eating sausage

#62 Reality Check on 03.25.22 at 6:40 pm

35 VladTO
“Fake news! My friend trust only officials. Here is the numbers:

During a special military operation in Ukraine, ……”
——————
Vlad, not sure if you are making a joke or if you actually believe the statement from the Russian Defense ministry.

But i think the first sentence clearly identifies this as Russian propaganda when it call Putin’s invasion of a non aggressive, independent country a “special military operation”.

Remember, the first casualty of war is truth.

#63 Howard on 03.25.22 at 6:43 pm

For those who didn’t notice, Canada’s 5-year bond yield today reached its highest level since 2011.

5-year bonds form the basis of fixed rate mortgages.

Here. We. Go.

#64 Cici on 03.25.22 at 6:46 pm

Thanks for this post, Garth.

This world is moving towards a very dark place.

I hope Ukraine and Zelensky will make it out of this and build back better, but the West is going to have to rally together, reinforce existing ties and make many new friends in order to curb the growing threats.

That actually means not being excessively greedy or isolationist, at least not with potential allies. For future security, we should be forging meaningful strategic alliances the world over and ensuring that civilians do not starve.

You reap what you sow so we had better start sowing, growing and sharing before it’s too late and somebody else with malicious plans fills the void in exchange for blind servitude.

Also, imagine if we could find a way to punish the forces that are threatening us without punishing the people living under the grip of their authoritarianism?

#65 VladTor on 03.25.22 at 6:46 pm

to #42 Søren Angst on 03.25.22 at 5:40 pm
#35 VladTor

Tass published similar numbers, deaths, on their website a couple of days ago and then pulled it.
***********

You probably don’t know that USSR media TASS was official. Now they not official – just stolen name for business.

Trust only official sources.

Sad is next. I hate when people killing each other. Both conflicting side army has a family, kids and parents who love them. I’m against any violence. God give to us life and only God can take it back.

Politicians should talk and solve problems in peaceful manner. They should look for solution to prevent war.

This is my point of view.

#66 Adam on 03.25.22 at 6:52 pm

Damn. You almost made it through without telling people not to buy real estate. Thought we had one boys.

>> “It’s not a great time to be borrowing a mess of money, to use big leverage, to buy real estate at the top of the mountain, to be plowing your treasure into crypto volatility, to have variable-rate debt or think you’re the smartest guy in the room and flip stocks.”

#67 Ponzius Pilatus on 03.25.22 at 6:53 pm

#16 Squire on 03.25.22 at 4:15 pm
Garth…
Zelensky, on the other hand, is the future. If he survives.
**************
It is not that clear what is going on in Ukraine. What I mean is, with all the misinformation and propaganda it’s not easy to know everything.
What is known is that this is tragic on many levels. We have yet to feel the full impact of this major event.
Also, I wouldn’t exactly call someone like Zelensky a beacon of democracy.
———————.
Here are the opposition parties in Ukraine that he just shut down.
Well it’s a war.
So maybe he’s got a point.
The 11 opposition parties named were: Opposition Platform – For Life, Shariy Party, Nashi, Opposition Bloc, Left Opposition, Union of Left Forces, State, Progressive Socialist Party of Ukraine, Socialist Party of Ukraine, Socialists Party, and Volodymyr Saldo Bloc.
Get the drift?
To clarify:
I’m not a Putin apologist. If indeed he’s committing war crimes, he should stand trial and be sent to hell.
But, who’s gonna bring him to trial?
Gotta be realistic.

#68 SW on 03.25.22 at 7:16 pm

Poor VladTor, s/he’s getting desperate, posting 6 times today. Usually it’s only once a week.

Sorry mate, I haven’t forgiven you for making me watch an anti-vax YouTube vid back a while ago, there’s first-hand example of your non-credibility.

If Mr. Zelenskiy is an example of a new breed of politician, so is Mr. Trudeau, fwiw, even though some Canadians are quite annoyed by him.

I think John Sweeney’s information on the Ukraine situation is worth following for his pithy comments on Russian trolls and nuisances:
https://twitter.com/johnsweeneyroar

#69 Michael in-north-york on 03.25.22 at 7:19 pm

‘Azov’ battalion in Ukraine: 0.1% of all Ukrainian armed forces, zero political influence.

Nazis in Russia: illegal “president” Putin and all his top officials. They started an aggressive war, and are killing Ukrainian civilians every day.

Which of the above is a greater problem? Hard to decide ..

Слава Україні!

#70 Michael in-north-york on 03.25.22 at 7:23 pm

Apparently, Putin tried to “support” J.K.Rowling against the “cancel culture” attacks.

Her response is here:

https://twitter.com/jk_rowling/status/1507364792834666511?cxt=HHwWnsC5_d2SnuspAAAA

“Critiques of Western cancel culture are possibly not best made by those currently slaughtering civilians for the crime of resistance, or who jail and poison their critics. #IStandWithUkraine”

#71 Sail Away on 03.25.22 at 7:24 pm

@DolceVita investing

Good work. Nice returns!

It’s not a contest, though. Be happy with good return, but don’t chase it.

#72 jess on 03.25.22 at 7:27 pm

The ice shelf, about 1,200 square kilometres holding in the Conger and Glenzer glaciers from the warmer water, collapsed between March 14 and 16, said ice scientist Catherine Walker of the Woods Hole Oceanographic Institute. She said scientists have never seen this happen in this part of the continent and that makes it worrisome.

================
Tuesday, March 22, 2022
United States and Canada Welcome Negotiations of a CLOUD Act Agreement

The United States and Canada have entered into formal negotiations for a bilateral agreement under the Clarifying Lawful Overseas Use of Data (CLOUD) Act, to enhance the existing robust law enforcement cooperation between the two allies.

Attorney General Merrick Garland welcomed the opening of negotiations.

https://www.justice.gov/opa/pr/united-states-and-canada-welcome-negotiations-cloud-act-agreement

#73 Arcticfox on 03.25.22 at 7:28 pm

Luke Gromen was the first one I saw postulating this approach that Russia may take a while back..fascinating what’s going on under the hood! This particular scenario that’s unfolding will probably be referenced as a pivotal point of change re $US hegemony in the future ..

https://renaissancemen.org/2022/03/25/did-the-russians-just-back-the-ruble-to-gold-a-timeline-of-how-we-got-here-and-where-we-go-next/

#74 Peter in Toronto on 03.25.22 at 7:32 pm

So it turns out that Western leadership told Zelensky up front that they would never permit Ukraine to join NATO, but publicly left the “doors opened” for Ukraine, merely to stave off the impression of not bowing to Russia.

This hubris, of the treacherous Western “leadership” caste, has been ruinous for Ukraine. THINK how different the situation would now be had the Western powers acted differently. We would have avoided a war. Ukraine would not have been devastated in the way that it has been (the IMF says that only about 1/3 of the Ukrainian economy is still functioning). Millions of people have been displaced, thousands of people have been killed, tens of thousands injured and of course the West has embarked on a sanctions-based economic war of attrition that they are NOT prepared to wage (Biden’s acolytes have been sent to Iran and Venezuela to beg forgiveness and secure extra oil & gas exports to Europe).

This is cost WE now have to pay for a MULE-headed refusal to negotiate upon terms that, frankly speaking, were perfectly reasonable when looked at objectively. Well we can’t go back in time and the Russians have lost their patience. Ukraine will be lucky if they stop at liberating the Donbas region, but I suspect the entire Black Sea Coast will be permanently annexed by Russia with some kind of referendum arranged to cement it.

#75 pPrasseur on 03.25.22 at 7:34 pm

Government Bond yields becoming higher in Canada than in the US, this is recent, anybody noticed?

https://ca.investing.com/rates-bonds/

Seriously who in their right minds would buy Canadian debt when the BoC holds 40% of Canadian federal debt?

This is not over…

#76 Sunshowers on 03.25.22 at 7:52 pm

#24 Andrew
Cool! Since you’re from Ukraine, please do something about the neo-Nazi militias. They’ve been reported on extensively years prior to Putin using them as a flimsy pretext to invade.

#34 crowdedelevatorfartz
“Dictator Putin started it.”

Yes, and?
Brezhnev also “started it” in the 1980s, but that doesn’t mean Operation Cyclone, where America literally gave money, training, and weapons to Osama bin Laden, was a good idea. How did that turn out for them in the end?

#77 Km on 03.25.22 at 8:01 pm

@war…really. I helped several Syrian refugees with getting furniture to bikes for their kids etc. I have a good friend who works for immigration, your little and yes I mean little opinion does not equal actual facts. Canada takes in a huge number and the color of people’s skin is not a factor. Pull a new card, the racist one is getting old.

#78 Cici on 03.25.22 at 8:01 pm

#8 Danger Dan

“… how much is that going to set us back?”

_____________________________________________

Probably a lot, especially if they leave credit card and other types of debt behind.

#79 crowdedelevatorfartz on 03.25.22 at 8:15 pm

@#72 jess
“The ice shelf, about 1,200 square kilometres holding in the Conger and Glenzer glaciers from the warmer water, collapsed between March 14 and 16, ”

+++
A slower form of human extinction than a Russian Nuke to be sure…. but the climate warming deniers will scream fake news until the water is lapping at their feet…..

#80 Km on 03.25.22 at 8:19 pm

So Piter in Toronto, the Ukraine should have just given in and let Russia have what it wanted? Hmm they are fair you say when looked at objectively. Clearly ll of Ukraine do not agree nor does most of the world. If you like bullies so much you clearly need to immigrate or return too Russia and enjoy living under a dictator. Your comments almost make me think you are paid for spreading propaganda.

#81 Satori on 03.25.22 at 8:32 pm

#40 Shirl Clarts on 03.25.22 at 5:32 pm
#19 Doug t on 03.25.22 at 4:28 pm

What a time we are having on this rock eh – humans are the worse species alive on this planet – oh well stock up on some extra canned goods just in case and lets hope somebody doesn’t hit the big red button

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

It isn’t a big red button. They have the Two-man rule, just like in the west. Ahem, or should it now be called the Two-person rule.

_________________________________

Seriously.. I guess you both toured the nuclear missile take off site because you both know so much about the ‘button’…????? What are the two people’s names, Jake and Jona? LOL!!

#82 VladTor on 03.25.22 at 8:38 pm

to #68 SW on 03.25.22 at 7:16 pm
1. Poor VladTor, s/he’s getting desperate, posting 6 times today. Usually it’s only once a week.

2. I think John Sweeney’s information on the Ukraine situation is worth following for his pithy comments on Russian trolls and nuisances:

***********
1. Thank you for evaluate my efforts today.

2. I’m think his information not honest.

Ok. I read about this guy :
https://en.wikipedia.org/wiki/John_Sweeney_(journalist)

Interesting is here:

In 1996, Sweeney was sued for criminal defamation in France by the Barclay brothers…. Sweeney was ordered to pay €3,000 by the appeal court in Rennes, France.[4]

Interesting – he paid out or no? No info.
….
2001: the Amnesty International prize for “Victims of the Torture Train,” about human rights abuses in Chechnya.
….
Why he nothing tell yours readers about 8 years human rights abuses in Donetzk (Ukraine) from Ukraine government and now he give us lessons info from Kiev?

….
Sweeney worked at the BBC from 2001 to 2014 as a staff reporter for flagship news programme Panorama

This is worse recommendation for honest journalist!
Similar to CNN.

BBC? They doing amazing movies about nature … but news – peace of fake!

How I can trust him after what I read about him?

#83 Satori on 03.25.22 at 8:41 pm

#55 Howard on 03.25.22 at 6:20 pm
#145 Linda on 03.25.22 at 3:15 pm

Re the Gov’t Dental conversation…
—————————————-
Why should the tax payer pay for people who don’t floss and don’t brush their teeth?? People who sit around eating cotton candy and drinking colas?

What the heck? No one wants to buy a tooth brush or toothpaste any more, because they are broke????? Please!

Give me a break! It literally that cost pennies a month for a brush and toothpaste, cheaper than that, use baking soda and a finger or chew on a birch stick.

If people want to be that lazy, then they can live with their Rotten Teeth! I blame them. They are 100% responsible…not the government, no pity here.

#84 ResidentPsych(o) on 03.25.22 at 8:46 pm

#48 Philco on 03.25.22 at 5:53 pm
A X US military intelligence officer that now lives in France friend of mine says the media is 100% BS.
Ill go with his view as he does research all day I don’t.
He also was one of the most decorated US fighter pilots and hates war.

“John F Kennedy faced exactly the same situation in 1962 when the USSR installed nuclear missiles in Cuba. He demanded they remove them. If they refused what would he have done?
If you are listening to the WEF and they have an agenda. The US and Nato want this war. It was planned a couple of years ago by the Rand Corporation.
Putin isn’t the bad guy.”

Then we have our con head leader to contend with.
https://twitter.com/ikwilson/status/1506826131579682816?s=21

?????????????????

I think both you and your friend have psychological disturbances.

#85 Arcticfox on 03.25.22 at 8:51 pm

Came across this today ..

“March 2020 National home prices were $580k with rates at 1.5%.

Today prices are 870k at 4% mortgage.

Your payment, assuming 20% down on a 25 year mortgage has now doubled.

Thanks for playing.”

#86 Peter in Toronto on 03.25.22 at 8:54 pm

Elon Musk is talking about buying Twitter and kicking out the neo-Liberal spooks that run it:
https://twitter.com/elonmusk/status/1507259709224632344

#87 Observer on 03.25.22 at 8:55 pm

#63 Howard on 03.25.22 at 6:43 pm
For those who didn’t notice, Canada’s 5-year bond yield today reached its highest level since 2011.

5-year bonds form the basis of fixed rate mortgages.

Here. We. Go.

^^^^^^^^^^^
For sure. Glad my bonds are short term or floating. XBB (iShares Core Canadian Universe Bond Index ETF) was down almost one percent today.

#88 TurnerNation on 03.25.22 at 8:55 pm

We pay high taxes for all the neato stuff we get.
World class!
Some people hint that all this is part of the push toward Private paid health care. After all there is so much money yet to be made. Et tu, Fizer?

.Ottawa pledging $2B for pandemic surgery delays, warns universal health care ‘at risk’ (globalnews.ca)



Our Global Rulers play the long game. Tax farm harvest.
The cutesy term is Public Private Partnerships.

https://en.wikipedia.org/wiki/Public%E2%80%93private_partnership

#89 Satori on 03.25.22 at 8:57 pm

#74 Peter in Toronto on 03.25.22 at 7:32 pm

To meet the three main criteria for entry into NATO, a European nation must demonstrate a commitment to democracy, individual liberty and support for the rule of law. While Ukrainian leaders say they have met that threshold, some American and European officials argue otherwise.

In a 2020 analysis, Transparency International, an anti-corruption watchdog, ranked Ukraine 117th out of 180 countries on its corruption index, lower than any NATO nation….

To become part of NATO, you have to pass certain rules and the Ukraine didn’t meet those expectations…they tried.. but…hey one of the politicians of the Ukraine, his wife got caught smuggling out of the Ukraine – 28 million…

https://www.thetimes.co.uk/article/politician-s-wife-accused-of-smuggling-22m-in-cash-out-of-ukraine-3bnflghvv

#90 VladTor on 03.25.22 at 9:20 pm

to #68 SW on 03.25.22 at 7:16 pm
…I think John Sweeney’s information on the Ukraine situation is worth

*********
It will worth if you start thinking using your own brain instead John Sweeney’s mouth.

Look his video signed:
A simple message, yet again, to Vladimir Putin.

Look not at his incredible huge face with beard which is attract you as magnet. Look around him. What you can see. No destroyed buildings, blasted cars, Ukrainian troops, bodies on asphalt – just quiet people. Peaceful situation around.

But… Russian army stay in suburban area of Kiev – less than 20 km from downtown.

And now my question – what is wrong with Putin (he complaining on him)? Why after 1 month of war Kiev not look like any Syria cities in similar situation? What the strange war?

Why he talking about Putin. I know – BBC school!

What kind of journalist he is if he not in Mariupol now like Russian journalists or simply in front with Ukrainian troops? It’s scary – he can crap off .

#91 Observer on 03.25.22 at 9:35 pm

#54 Brian on 03.25.22 at 6:14 pm
In the middle of a war!

Ukrainian President Zelensky in talks with Academy to make Oscars appearance

https://nypost.com/2022/03/25/ukrainian-president-zelensky-in-talks-with-academy-to-make-oscars-appearance/?utm_campaign=SocialFlow&utm_source=NYPTwitter&utm_medium=SocialFlow

^^^^^^^^^^^^^^^^^^^^
Do you not critique what you read? Maybe read between the lines or think about what isn’t really being said?

Or do you consistently fall into the clickbait trap of whatever supports your biases?

New York Post? I mean come on. They are known for publishing factual information that utilizes loaded words (wording that attempts to influence an audience by using appeal to emotion or stereotypes) to favor conservative causes.

Maybe Zelensky hung up on the Academy.

#92 Homer on 03.25.22 at 9:46 pm

++
Never forget.
Dictator Putin started it.

No he didnt. Ukrainian nazis sponsored by US were killing people for 8 years in the east. He put a stop to it.

#93 ResidentPsych(o) on 03.25.22 at 10:09 pm

#92 Homer on 03.25.22 at 9:46 pm
++
Never forget.
Dictator Putin started it.

No he didnt. Ukrainian nazis sponsored by US were killing people for 8 years in the east. He put a stop to it.

??????????????????

What the …? And I thought my clients were nuts.

#94 Michael in-north-york on 03.25.22 at 10:13 pm

#76 Sunshowers on 03.25.22 at 7:52 pm
Brezhnev also “started it” in the 1980s, but that doesn’t mean Operation Cyclone, where America literally gave money, training, and weapons to Osama bin Laden, was a good idea. How did that turn out for them in the end?
===

What are you suggesting? Abandon Ukraine, do not send them any weapons, and let the kremlin’s fascist conquer that country?

Well, Putin’s appetite for conquests will grow. He will take a pause for a few months to repair his army. And then he will attack the Baltic states, that happen to be members of the NATO alliance. What are you going to do at that point?

Munchen-1938 worked out so well ..

#95 conan on 03.25.22 at 10:16 pm

Hopefully the World settles down, now that we all know, that the west can kick Russia’s butt in a conventional war.
There are bigger fish to fry, and the sooner this war is over, the better.

#96 Doug t on 03.25.22 at 10:18 pm

#81 satori

It appears you are at a loss for “figuratively” speaking – sigh

#97 Michael in-north-york on 03.25.22 at 10:19 pm

Fascist dictator Putin started the war on a smaller scale back in 2014, creating his puppet “states” in the previously peaceful Donbass region in Eastern Ukraine.

He maintained a low-intensity conflict there for 8 years, making sure that people are getting killed on both sides of the divide.

This year, he moved it to the next level, and now he is killing people all over Ukraine.

#98 Stone on 03.25.22 at 10:40 pm

If you have been investing in a balanced and diversified way using ETFs with low costs and high liquidity, well, stay at it. Hopefully you have good Canadian equity exposure to benefit from inflated commodity values, and a fixed-income portion with rate-reset preferreds and some floating-rate bonds to give insurance, but also CB protection. Like pandemics, wars are horrible but temporary.

———

Yup. B&D all the way including items mentioned above. Currently sitting at -0.28% YTD. It actually was in the black this past Tuesday at the end of that day at 0.03%. Imagine that. Especially when most other B&Ds out there are probably sitting in the range of -3.20% to -5.00% YTD right now or worse. It’s good to be aware of what is going on in the world and acting accordingly.

#99 Brian on 03.25.22 at 10:51 pm

#91 Observer

It was a joke but he should be up for an Oscar for best actor!

#100 Russ on 03.25.22 at 10:53 pm

Satori on 03.25.22 at 8:41 pm

#55 Howard on 03.25.22 at 6:20 pm
#145 Linda on 03.25.22 at 3:15 pm

Re the Gov’t Dental conversation…
—————————————-
Why should the tax payer pay for people who don’t floss and don’t brush their teeth?? People who sit around eating cotton candy and drinking colas?

What the heck? No one wants to buy a tooth brush or toothpaste any more, because they are broke????? Please!


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

Hey Sat’i

Here’s one that goes way back.

Do you know that the tooth brush was invented on Vancouver Island in Cumberland, B.C.?

Yup! If it was invented anywhere else it would be called the teeth brush.

Yukka yukka.

BTW, you can still hear banjos playing in Cumberland.
The Waverly Hotel has bluegrass gigs occasionally.

Cheers, R

#101 Peter in Toronto on 03.25.22 at 11:03 pm

#80 Km on 03.25.22 at 8:19 pm

A weak response with no substance from a weak, emotionally-dishevelled mind.

>So Piter in Toronto, the Ukraine should have just given in and let Russia have what it wanted?

Yes.

Russia wanted recognition of the independence of Donbas and Crimea, regions which effectively were outside of Kiev’s control for 8 years. It was a very reasonable demand.

Now because your President Zelensky is under death threats from his own Banderites and other assorted neo-Nazis and skinheads who run the SBU, he cannot possibly agree to these demands, if he is still in fact in Ukraine and not Poland. The result is Ukraine has now lost these regions ANYWAY, and probably the entire Black Sea coast, including the ports of Odessa and Nikolaev. Ukraine has also lost its army and any force behind their own diplomatic efforts. One cannot negotiate if one has no army.

#102 Mr Fox on 03.25.22 at 11:16 pm

May God protect the Ukrainians and their leaders. I have a lot of friends there, that so far refuse to leave their country. Strong, brave men defending their country. I just hope the war is over soon.

#103 PeterfromCalgary on 03.25.22 at 11:25 pm

This idea that we can save the planet by stopping oil and gas development is how Putin gets the money for war.

Now Europe is totally dependent on Russia for fuel and is forced to fund Putin’s war machine. We need to go on a war time footing and develop our oil and gas at warp speed. We did it during WWII to fuel the Allies in Europe we can do it again.

#104 Cunucks fan on 03.25.22 at 11:40 pm

It seems a career of a stand-up comedian is a sure way into politics. Ronald Reagan is one example. Current President of Ukraine Zelensky is another one.
Zelensky was a career stand-up comedian, then starred in the role of a history teacher, then was elected as the President of Ukraine on TV, and finally becoming the President of Ukraine in real lifee.

But frankly i think drama teachers turn better politicians. At least the drama teacher can do a better job at avoiding an armed conflict with their neighbour.
Here are some of Zelensky’s best moments:

Zelensky learned to play piano early in his career:
https://youtu.be/2-UiadUOrfk

Then polished his piano skills:
https://youtu.be/oua0Puihrkc

He becomes elected as a fictional President (on TV):
https://youtu.be/XI8q82Pkyng

Zelensky’s approach to his role:
https://youtu.be/ZgvkmRAOj6c

Zelensky insists his presidential campaign is no joke:
https://youtu.be/-9smD823aE0

Finally becoming the real President of Ukraine:
https://youtu.be/ENPC0RrxBHY

Here is the trailer (2016) Trailer with English Subtitles
of the movie. SERVANT OF THE PEOPLE.
https://youtu.be/JinkCAN6Bx0

Imagine if we had Zelensky as our Prime Minister…
Seriously who is to blame for what is going on in Ukraine today?

My prayers go to all people who are clinging to their lives right now in Ukraine.

#105 Satori on 03.26.22 at 12:13 am

#100 Russ on 03.25.22 at 10:53 pm

LOL! Good call Russ, everyone should get a ‘teeth brush”

#106 Canucks fan on 03.26.22 at 12:17 am

Zelensky’s comedy series returns to Netflix.

https://youtu.be/NtG0ZenBmx4

yes, in the middle of the war

#107 Russ on 03.26.22 at 12:33 am

Satori on 03.26.22 at 12:13 am

#100 Russ on 03.25.22 at 10:53 pm

LOL! Good call Russ, everyone should get a ‘teeth brush”

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

And I bring this to the dogs on topic.

An in-law, in Northern Alberta and of Ukrainian descent, has this note on the wall in the kid’s bathroom:

“You don’t have to brush all your teeth today. Only the ones you want to keep.”
.
.

It is the experience of these good people that I wished we could bring in 500,000 refugees with confidence they would better the country and be good for all.

Garth thought 50,000 was too many and a Dirty Old Man thought about domestic type contract workers (that was really gross).

Cheers, R

#108 Dave on 03.26.22 at 12:48 am

I feel obligated to correct some misinformation in this post. Having good debt at a interest rate lower then current inflation is an absolute blessing for people with with mortgages or business/investment loans.

#109 Canucks fan on 03.26.22 at 1:34 am

Earlier posts have mentioned the Azov batallion and neo-nazis in today’s Ukraine…

To those of you who are interested to know what role Canada plays in the conflict… just look at this photo:

https://www.instagram.com/p/CaZlWmhok66/

A person on the left is POW captured in Mariupol holding a Canadian flag. The second flag on this photo belong to the ultra-nationalists group that calls itself “Right Sector” which is a terrorist organisation.

Now connect this fact with the following publicly available information:

https://ottawacitizen.com/news/national/defence-watch/canadian-officials-who-met-with-ukrainian-unit-linked-to-neo-nazis-feared-exposure-by-news-media-documents

https://www.ctvnews.ca/mobile/world/far-right-extremists-in-ukrainian-military-bragged-about-canadian-training-report-says-1.5631304

https://www.wsws.org/en/articles/2021/12/03/uknz-d03.html

#110 under the radar on 03.26.22 at 5:51 am

Very surreal that we moan about the local grocery being out of fresh mangoes, a chip shortage and lest we forget, the cost of a new condo, while Ukraine burns and millions are suddenly refugees.

#111 TurnerNation on 03.26.22 at 7:55 am

Long bonds long drop.
https://finviz.com/quote.ashx?t=TLT


— Our taxes. Lads you have to understand how this game is played. This is the biggest money maker for elites, Friends of the Party, favoured contractors. Why it keeps going and going.
Long term contracts — for testing, lockdown facilities, staffing, Big Phara, PPE — were signed years ago.
Government has one purpose, to execute these contracts for the big Corps., while the media sells us on the ideas.
This WW3 is for our minds.

.Health unit says staffing shortage, OT costs behind $800K salary for Sudbury’s medical officer of health (northernontario.ctvnews.ca)
“Dr. Penny Sutcliffe, Greater Sudbury’s medical officer of health, reported a 2021 salary of just more than $800,000 in 2021, making her the ninth highest paid public servant in the province.
The $800,727.37 Sutcliffe reported is just behind the $805,000 reported by Mark Fuller, the CEO of Ontario’s Pension Board. Two officials with Ontario Power Generation Inc. were the highest paid, with CEO Ken Hartwick reporting a $1.628 million salary, and nuclear head Dominique Miniere reporting $1.523 million.”


— But how will people know they are sick or not. I jest….

.Most free COVID-19 rapid test kits still sitting behind pharmacy counters in B.C. (bc.ctvnews.ca)

#112 Brian on 03.26.22 at 7:59 am

Farmers on the Brink

We believe we are at the onset of a global famine of historic proportions. In a staggering defiance of logic, many US politicians are still attacking the lifeblood of our own energy production infrastructure, looking to score political points against “the other team,” blaming price-taking producers of global commodities for gouging, threatening producers of energy with windfall profits taxes, resisting calls to remove bureaucratic hurdles to new production, and refusing to open an introductory physics textbook to help guide them through the suite of policy choices that require true leadership to get right. They remain stuck in an endless loop of platitudes, blamestorming, corruption, and ignorance.

https://doomberg.substack.com/p/farmers-on-the-brink?token=eyJ1c2VyX2lkIjoxMzEzMzk5NCwicG9zdF9pZCI6NTEwMjg4MTEsIl8iOiJIQ2N1ZiIsImlhdCI6MTY0ODI5NTg2MiwiZXhwIjoxNjQ4Mjk5NDYyLCJpc3MiOiJwdWItMzQzMTM5Iiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.AkFfDCM6ShGrmUpEO5XLpOjah1Z-eeHWbP-moSBknuY&s=r

#113 crowdedelevatorfartz on 03.26.22 at 8:10 am

@#92 Homer
“No he didnt. Ukrainian nazis sponsored by US were killing people for 8 years in the east. He put a stop to it.

!!!!!!!

DOH!
Back to the Nuclear power plant Homer.
The control panel needs a button pusher.

https://www.youtube.com/watch?v=OCmuATH2yzo

#114 millmech on 03.26.22 at 8:21 am

Canadian 5 year bonds at 2.51%, another rate increase next week at the bank.

#115 crowdedelevatorfartz on 03.26.22 at 8:30 am

@#76 Brezhnev’s Sunbeams

“Brezhnev also “started it” in the 1980s.

++++

If you’re going to rewrite history .
Get your facts straight.
Brezhnev invaded Czechoslovakia in ’68 under the pretext of “protecting communism” in the satellite states on the perimeter of the USSR.
Communism tried to keep up with the American economy and failed.
Brezhnev was a doddering old man in the 80’s… barely able to stand at the podium and wave in the miserable weather of a Moscow May day parade.
The last Communist leader, Gorbachev saw the writing on the wall and allowed free elections.
Communism done.
We won…and we blew it.
America and democracies squandered a golden opportunity in the very early stages of a free Russia to help the truly open and honest population of Russian create govts and Laws and rules to shape a just society.
We took the easy route and started dealing with corrupt oligarchs that robbed Russia and its people blind.
Culminating in the biggest, most ruthless oligarch of them all.
Putin.
A scheming, vicious, murderer who lied to his people, jailed or assassinated his opponents, controlled the media, invaded vassal states, all to consolidate and maintain the status quo…..keeping him in power.

Twist it any way you want.
Fear of Putin ( or anyone) only works for so long before the people have had enough.
Putin is like a cornered rat and even after the rat bites, rips and tears at its opponents……eventually the rat dies.

#116 Steven Rowlandson on 03.26.22 at 8:34 am

“Some people see the Russians as defending their frontiers and supporting ethnic brethren. Most see it as a rogue and illegal invasion.”

Alas it is September – October 1939 and the Russians are in the same place as the Germans and the Ukrainians are in the same place as the Poles.

The Nato alliance is in the same place as the French and British empires. They and their masters were the real aggressors who posed as the liberators. Their efforts ended with a very big bang or two. History rhymes.

#117 crowdedelevatorfartz on 03.26.22 at 8:38 am

@Russ
“BTW, you can still hear banjos playing in Cumberland.”

+++

I MC’d a wedding in Union Bay back in the late 90’s.
Banjo’s and dirty overalls were the outfit of choice for most.
I was back up there for a Wake a few month back.
Nothing has changed.

One of the local wags laughed when I commented on the fashion time warp,
” A few years back someone changed the town sign “Welcome to Historic Courtney” to “Prehistoric”….
Apparently ….The locals were not amused.

#118 Sunshowers on 03.26.22 at 9:11 am

#94 Michael in-north-york
In exchange for the weapons, Ukraine should cede partial control of its military to the countries sending aid for the duration of that aid. That way we can track where the weapons are going and who’s getting them.

It’s a concept of collective control , precisely what would occur if Ukraine had been a NATO state. This allows for sending aid and oversight, but without triggering the mandatory military response from other NATO states if Ukraine had been a member.

#119 KLNR on 03.26.22 at 9:19 am

This comments section has me wondering if the handful of Putin apologists in here are also trumper/Qanon types.
Similar bizarro-world arguments.

#120 Banned on 03.26.22 at 9:21 am

BANNED

#121 Andrew on 03.26.22 at 9:40 am

#52 VladTor on 03.25.22 at 6:05 pm

*****

Vlad, my man, please:) I was born in Kyiv and left Ukraine when I was 33. Never in my whole live did I see a nazi there. My parents are now in Ukraine, they had to spent their nights in the basement of their apartment building in Kyiv, and finally evacuate to Lviv, away from your fellow russian friends with their rockets and artillery (sorry, I assume you’re russian given your obsession with nazism and fighting it everywhere…). I have a lot of friends and relatives still in Ukraine, none of them is a nazi. So you can copy-paste whatever site you dig out from the internet, nothing will change the truth – russia has started a bloody war in Ukraine! A lot of people are dying for nothing! And this all looks a lot like 1939…

I am not going to engage with you anymore. I just know a lot of countries, including Canada (where I assume you live) have condemned russian aggression and are helping Ukraine (huge thank you). If you think they would do so if there were nazis in Ukraine, you are wrong!

Have a great day!

P.S. Thank you Mr. Turner for what you are doing. Your blog is the best and I personally learned a lot about investment and what not from your posts!

#122 jess on 03.26.22 at 11:00 am

Trump said he believed the savvy Mr. Putin who called Mr Trump a genius and the future of the republican party.

~37 times
https://www.rollingstone.com/politics/politics-news/video-mashup-confirms-trump-loves-putin-1037913/

https://www.justice.gov/opa/pr/four-russian-government-employees-charged-two-historical-hacking-campaigns-targeting-critical

Thursday, March 24, 2022
Four Russian Government Employees Charged in Two Historical Hacking Campaigns Targeting Critical Infrastructure Worldwide
Defendants’ Separate Campaigns Both Targeted Software and Hardware for Operational Technology Systems

The Department of Justice unsealed two indictments today charging four defendants, all Russian nationals who worked for the Russian government, with attempting, supporting and conducting computer intrusions that together, in two separate conspiracies, targeted the global energy sector between 2012 and 2018. In total, these hacking campaigns targeted thousands of computers, at hundreds of companies and organizations, in approximately 135 countries.

A June 2021 indictment returned in the District of Columbia, United States v. Evgeny Viktorovich Gladkikh, concerns the alleged efforts of an employee of a Russian Ministry of Defense research institute and his co-conspirators to damage critical infrastructure outside the United States, thereby causing two separate emergency shutdowns at a foreign targeted facility. The conspiracy subsequently attempted to hack the computers of a U.S. company that managed similar critical infrastructure entities in the United States.

An August 2021 indictment returned in the District of Kansas, United States v. Pavel Aleksandrovich Akulov, et al., details allegations about a separate, two-phased campaign undertaken by three officers of Russia’s Federal Security Service (FSB) and their co-conspirators to target and compromise the computers of hundreds of entities related to the energy sector worldwide. Access to such systems would have provided the Russian government the ability to, among other things, disrupt and damage such computer systems at a future time of its choosing.

#123 jess on 03.26.22 at 12:42 pm

Phyllis Taylor’s company is responsible for the longest-running oil spill in U.S. history. That’s been a disaster for the Gulf of Mexico — but a tax bonanza for Taylor.
by Jesse Eisinger, Paul Kiel and Jeff Ernsthausen
Dec. 9, 2021, 5 a.m. EST
According to ProPublica’s analysis of a secret trove of tax data, from 2005 to 2018, Taylor took in some $444 million in income, most of it from wages, interest, dividends and capital gains, and didn’t pay a cent in federal income tax.
https://www.propublica.org/article/a-massive-oil-spill-helped-one-billionaire-avoid-paying-income-tax-for-14-years
The Secret IRS Files
Inside the Tax Records of the .001%

A massive trove of tax information obtained by ProPublica, covering thousands of America’s wealthiest individuals, reveals what’s inside the billionaires’ bag of tricks for minimizing their personal tax bills — sometimes to nothing.
https://www.propublica.org/series/the-secret-irs-files

#124 Ukrainian on 03.26.22 at 6:56 pm

#121 Andrew

Funny thing is..I am also Ukrainian. And what you are writing here is the problem. You believe there is only one side of the story and whoever is not agreeing with your side is a separatist and should be killed.

Since 2014 I hated everything that happened in my country and I knew it is going downhill rapidly. It was not safe to speak Russian so I left thankfully. If I would stay, I would fight for Russian army now.

Laws were passed against 14 million people who consider Russian their native language in ukraine. They were removed from constitution as NOT ukrainians. History books were rewritten. A country was eliminating the part of the history of how it even started to exist.

I was born in USSR. There was no Ukraine when I was born, no one spoke Ukrainian in 1991 in the country and now you telling me I can’t speak my birth language in my own country and I am not even considered Ukrainian now?? Don’t give me lessons about ottomans and other made up “history”. Those were tribes of dirty gypsies. Nothing more. Ukrainian language is all borrowed from Polish, Slavic, Chezh. It’s not even a real language.

What you fail to understand is that russian speaking ukrainians have no issue with you speaking ukrainian or french or english. they don’t care. Western ukrainian fascists have this hate from WW2 from working with SS and Hitler.

Now you are calling to murder all russian speaking citizens.

And this genocide exactly what happened in 1939. Nothing changed. You didn’t learn your lesson. After working for Hitler who later played and abandoned Ukrainian nazis. Now instead of Hitler, we have US.

But I see the tactic Ukrainians are using now of pointing fingers when you screwed everything up, lost the country by being a US puppet. There is no one to blame but Poroshenko, Zelensky and Biden.

You relatives are going to Lviv? Well my relatives are in Lugansk and feel better than ever as well as over a million of people who went to Russia or stayed in their homes. Russia was paying them pension for over 7 years now while Ukrainian government have discarded them. If you discard the citizens of the land, you do not have the rights to those lands then.

Ukrainian army is demolishing everything they see when fleeing right now. They shoot rockets into cities without choosing targets. There are hundreds of reports online and videos of how and what they are shooting at. How Ukrainian tanks pass through cities and destroy buildings.

There are no commanders. They all left. It is just gangs of scared nazis without leaders who are constantly on drugs or alcohol hiding behind civilians and using them as shields. That is Ukrainian army. Using women clothing to run away as refugees.

Nazism was a driving force behind government and army and a major problem in Ukraine. Hate against russian speaking Ukrainians is their ideology.

The truth is starting to come out and it won’t be pretty. The facts will be exposed. As soon as all of this paid western propaganda dies down, people who can think, will see the truth.

US has gone too far by sponsoring it and dividing the country. And the clown president 1) still did not declare a war. 2) still wants to have cities destroyed and people killed. 3) ran away from the country and Ukraine is still fully controlled by US.

Soon you will understand how well US played Ukraine, just like it does always with any other country it uses. Misinformation, division, hate, war. Same plan. Different country.

Why does Russia send hundreds of tons of support to people left behind. Why are people choose to go to Russia instead?

Why Ukrainian army is using women and children as live shields and hiding in cities and peoples homes??

Where is the Ukrainian government when people need it? Army abandoned. Civilians abandoned.

You know where? Same place they’ve always been at: Cyprus, Dubai, France popping champagne with US dollar bills that will need to be repayed by tax paying Ukrainian citizens. You’ve seen those line ups of Porsche, Lexus, BMW and Mercedes at borders in first days loaded with cash in trunks? Those are the real patriots. Drinking wine in Moldovan restaurants now, thinking were to buy a villa.

Putin has done what any leader will do – protect his people and country. The problem is this stupid regime has lost my country by kissing US butt instead of building an independent country that doesn’t rely on Russia or US.

US appointed all judges in Ukraine. Controls media. Controls the president. Runs its own agenda. While you probably have been sitting at a bar drinking beer and discussing how great life is when there was a war for 8 years in the east and the country has been taken away from you by the US. But it was’t in your city, so that’s kosher right?

What did you expect will happen? Just keep living a peaceful life when tens of thousands of children, women and men were killed by nazi battalions in eastern Ukraine for 8 years?

People were raped, murdered, turned into slaves by nazis in Ukraine. All approved by government and sponsored by US.

There is noone to blame here but you and your role in this “play”. You, and people like you, let this happen. You chose your role.