The end?

On Friday that wild guy Vlad Putin spoke at his Moscow rally and called us (the people of the West) ‘satanic’. And ‘the enemy’. We’ll do whatever it takes, he told the crowd, to defend those hunks of Ukraine (we just stole), hinting at the use of nukes. And then came the clincher: America bombed Nagasaki and Hiroshima 77 years so, Putin intoned, “there is a precedent.”

Just more bare-chested toxic masculinity from the biggest dick on the planet? Or are we staring at the first use in history of tactical nuclear weapons? If so, what to do? How do you protect your family and your precious TFSA?

Some facts: Russia is losing the war.

Its army is a shadow of what people imagined it to be. Casualties may be 80,000 or more so far. Massive amounts of armour have been lost. The siege of Kyiv failed. The brave Ukes have reclaimed a big swath of territory. Two days ago a key city inside one of the areas Putin just claimed is now “part of Russia forever” was abandoned by his soldiers who fled. The aggressor nation is now calling up 300,000 conscripts, resulting in riots and jammed borders as citizens try to protest and exit. Yes, Russia is in trouble. This was an utterly stupid war, ill-conceived with no good outcome, badly fought, and has turned that country into a pariah state. After it turned off the gas to Europe nobody will ever trust it again as a credible supplier or trading partner. Russia’s losing bad.

Of course, this makes it more dangerous. With his military choking, is Putin more likely to haul out the nukes? What are the odds of this ending badly for everyone?

To date Toronto-based Peter Berezin, a former senior economist at Goldman Sachs in NY and a top egg at the prestigious outfit BCA Research, is the go-to guy on nuclear war and your portfolio. His report six months ago, “Rising Risk of a Nuclear Apocalypse” made headlines by saying there’s, “an uncomfortably high 10% chance of a civilisation-ending global nuclear war over the next 12 months.” Of course, a ten per chance of being vaporized and irradiated means 90% odds it won’t happen. But still…

Source: BCA Research

There are various scenarios to consider.

First, Putin goes nuclear and it escalates into global conflict. Most people die, markets collapse, financial assets are worthless and we go into three decades of crop-killing nuclear winter. You are more concerned with finding edible bugs than fretting over ETFs.

Second, limited war. Europe is toast. Markets crumble. Generators, fuel, US dollars and potassium iodide are hot commodities.

Third (more likely) no nukes. Putin bluffs. But we’re into a new cold war. Ukraine joins NATO. Western nations (including Canada) devote a huge additional amount to defence budgets. The value of companies in that sector jumps. Globalism takes a hit as the world moves into political and trading blocks. Raw material and commodity prices rise to reflect disrupted global trade. Inflation and higher interest rates become a fixture as the supply chain stays disrupted and government spending augments to handle defence and alternative energy, given Russia’s new status as a rogue, destined-to-fail state.

What seems clear is that we’re not going back to 2021. The world order has changed.

Back to Berezin. Since there’s no point preparing for Armageddon, investors should get ready for the alternative, he says. Six months ago he predicted the immediate future: an awful, tragic war in Ukraine. Disruption causing inflation and interest rates to jump. And a big drop in stock markets. So far, three for three.

What next?

Profit from the dip, he says. “A freak-out moment is coming, which will present a good buying opportunity for investors.” Markets will recover, he suggests, as the new reality takes hold – a polarized world with less global trade, more nationalism, higher commodity prices, greater disruption and increased spending on defence, food security and energy. Good for maple. In this scenario, interest rates will not be going down anytime soon. Perhaps for decades. Borders will be tested by waves of economic and conflict refugees. Wealth inequality will grow. Politics will move right. Real estate will stay stressed.

Should you worry about this stuff?

Of course not. Out of your control. Utterly. What happens will happen.

But the odds are good that the sun will still rise on an intact world decades away. The best defence is to stay invested, be diversified and balanced, eschew debt, be liquid and fill your tax shelters – while expecting higher rates and volatile times. And if you lack one, get a dog. It will love you in the moment. That matters a bit more now.

About the picture: “I always look forward to your next post,” writes Mike, from Kitchener. “I encourage everyone I know to view your blog, get sound financial advice and be entertained for a few minutes! I’m about to be married tomorrow to a woman I love very deeply. As humans we need to love hard, play hard, and save enough for when we get wrinkly. Love your human family too! Here is our Duck Toller. Her name is Delta (her brother’s name is River). This is Delta watching a duck family approach the shoreline in July of this year. She is smart, stubborn and a joy to watch running and swimming!”

184 comments ↓

#1 jess on 10.02.22 at 1:03 pm

new models resilience

Babcock residents say their neighborhood is a model for urban development in a climate change-ravaged future.
https://www.cnn.com/2022/10/02/us/solar-babcock-ranch-florida-hurricane-ian-climate/index.html

#2 Bitcoin Bro on 10.02.22 at 1:05 pm

More chatter on the interwebs this weekend about a financial nuke going off vs. an actual nuke. There’s a growing amount of chatter and smoke that Credit Suisse is toast. Emergency US FED meeting has been called for tomorrow. Is the pivot upon us?

You are going to have a lot to write about in the coming weeks Garth…

#3 Stuck in Richmond on 10.02.22 at 1:06 pm

thanks Garth for sane, reasonable words in time when everyone is freaking out. I will be a buyer when nuclear threat is the highest. If apocalypse happens then money don’t matter anymore, if the threat goes away – markets will rally big time. And russia losing in war is just a matter of time 6-10 more months of agony.

#4 Bill zufelt on 10.02.22 at 1:09 pm

Buy stocks in the makers of hazmat suits…for our dogs and cats too.It’s called hedging and if you got a hedge hog get him/her one too.

#5 TurnerNation on 10.02.22 at 1:10 pm

ROTFL for a sec, had I stumbled onto an End times / economic collapse weblog?
Turn off your TeeVees. This all is just another step in the global takedown of the Former First World Countries.
It’s not set to end either. March 2020 kicked it off.
Say we back to normal yet??
Corvid -> Russia -> ______ .
All into the global 2030 agenda.

—– We pay high taxes for our world class infrastructure!
Our rulers give us the best.
Bullet train? No Comrades we get a financial-bullet-to-the-head train. The graft and excess after 12 years of this project must be staggering.
‘They’ll stone us just like they said they would’

https://www.cp24.com/mobile/news/residents-businesses-want-answers-support-after-eglinton-crosstown-line-delayed-indefinitely-1.6091215

Residents, businesses want answers, support after Eglinton Crosstown line delayed indefinitely

#6 the Jaguar on 10.02.22 at 1:11 pm

Duck Tollers ( Yarmouth Tollers) are in the top five of cutest dogs.
I dare not comment on any of the rest of today’s post. Just one word: Odesa. That’s the prize. Never Kiev.

#7 the Jaguar on 10.02.22 at 1:13 pm

Shawn in Canmore:
Yes, things are really heating up right now, but not on most peeps radar.

‘The location of the De Havilland Field was chosen in part because of its proximity to a young and diverse labour pool in Alberta, the cost of living, and an international airport that can reportedly support efficient parts distribution to their global customer base.’

Just one example.

#8 jal on 10.02.22 at 1:17 pm

Fear mongering
Tactical nuclear weapons would return Ukraine to nature.
Would remove all social/economic activities in the radiation shadow

Radioactive fallout would contaminate air, soil, water and the food supply (Ukrainians are already familiar with this kind of outcome because of the disastrous meltdown of the Chernobyl nuclear reactor in 1986).
———-
USA Walk back
https://www.rt.com/news/563881-russia-wont-nuke-ukraine-austin/

US doesn’t believe Russia will use nukes in Ukraine

Putin NEVER mentioned using nukes in Ukraine.
That is western propaganda.
Washington brought up the fairy tale nukes.
———-

#9 crowdedelevatorfartz on 10.02.22 at 1:20 pm

Putin misjudged big time.
Finland, Sweden and Ukraine, once neutral, now asking for NATO membership.
Well done Vlad.
The entire world , with the exception of a watching, waiting , China ….loathes you.
The despot with a billion dollar “palace’ on the Black Sea and billions more in stolen loot ….has no where…no…where…..to run.
Russians could ignore the nightly “news” from the front before the consription announcement..
“We are winning.” “Urkraine is retreating.” etc etc etc.
Now?
Rumour has it the “conscription” of “300,000” men is off by a wide wide margin.
Apparently the scope of rounding up “conscripts” includes police barging into Hospitals for doctors.( (Casualties need doctors) Police barging in to Hotels to grab cooks (armies need to eat).
Western intelligence agencies estimate 1.2 MILLION notices went out for replacement troops.
Thats to replace the 50,000 dead or wounded , not the 5000 Vlad has offered.
The car lines for the fleeing Russian conscripts were kilometers long and were photographed…. from….space.
3 months of boot camp training seems a bit optimistic for a Russian army that has fired, jailed, lost or killed a large portion of it’s experienced officers.
Not to mention the thousands of artillery pieces and equipment captured or burned.

Putin is a cornered rat.
No where to go.
Do his people follow him into his paranoid madness or cut off the head of the snake and stick it on a pike in Front of the Kremlin for the rest of the world to see?
Either way Ukraine will never, ever trust Russia again.
More and more of it’s men are being expertly trained by the West.
New , state of the art equipment placed in their hands.

A corrupt despot and his corrupt regime.
Will get everything that is coming to them.

#10 crowdedelevatorfartz on 10.02.22 at 1:26 pm

@#88 Shawn
“We created generous pensions to encourage early retirement. Whoops.”

+++
Only in govt.
Private sector rarely offers generous, inflation proof, medical benefit pensions.
Telus perhaps but with it’s strong union employee base, thats almost a quasi govt org.

#11 Søren Angst on 10.02.22 at 1:29 pm

Well, that was cheery.

When you wished Slim Pickens was still alive.

#12 Apocalypse NOW on 10.02.22 at 1:38 pm

“Or are we staring at the first use in history of tactical nuclear weapons? If so, what to do? How do you protect your family……”

Yes.

Major nuclear conflict coming. The destruction and death this fall and winter will be unprecedented.

Spend Thanksgiving weekend packing and keep your vehicle fueled. Expect maximum of 6-12 hours notice. Major centres like Ottawa, Toronto, and Vancouver will likely be targeted directly.

Putin is in a corner and expects his own death soon, so has no worries for others.

PREPARE

#13 SW on 10.02.22 at 1:47 pm

I can only imagine the conversations in war rooms around the world at the moment. So out of our control. Nothing to do but eat, drink and be merry.

#14 Blair on 10.02.22 at 1:48 pm

How does this guy establish that a nuclear event is “10%” likely to happen? How on earth does he quantitate this? Nuclear war is a possibility, but unless Putin is absolutely nuts, he realizes that Russia could be incinerated. There are lots of high ups there who would refuse to obey his orders if he wanted to push the button. Putin may in fact be overthrown. This speculation is a gloomy way to start the week.

#15 Søren Angst on 10.02.22 at 1:49 pm

To all the Clever Clog, IQ of 51-70, World Lefty Woke MSM about Italia Far Right, – Ultra Right etc.

Go copulate with a duck.

“Gazprom Halts Gas Supplies to Italy in Latest Energy Battle”
https://www.bloomberg.com/news/articles/2022-10-01/gazprom-won-t-deliver-any-russian-gas-to-italy-on-saturday-eni

Longer version (many pretty pictures for the prose addled) *
https://tg24.sky.it/economia/2022/10/02/russia-gas-italia-eni-tarvisio-gazprom#00

Italia has enough to make it thru Winter – WINTER GARTH, not Nuclear Winter.

——————–

The Nutcracker Suite, Op. 71a, extras auditions in full swing …
https://twitter.com/LaStampa/status/1576516144093048832

* a.k.a., Gazprom blames Austria. As if.

Slava Ukraini.
[Whatever it takes]

PS – cheery Bloomberg:

What the methane plume looks like from the Nord Stream 1 & 2 pipe sabotage.
https://twitter.com/Quicktake/status/1575952679687307266

#16 Apocalypse NOW on 10.02.22 at 1:51 pm

Re: Peter Berezin, a former senior economist at Goldman Sachs in NY … the go-to guy on nuclear war …

“….there’s, “an uncomfortably high 10% chance of a civilisation-ending global nuclear war over the next 12 months.”

I have done a reality check on this and the math is far too conservative.

The chance is now 86% before November 25. And 94% before December 31.

PREPARE

#17 Phylis on 10.02.22 at 1:52 pm

Oh dear, the general will be steaming.

#18 epic bear on 10.02.22 at 1:52 pm

Ahh… the Bank Credit Analyst. Founded by A. Hamilton “Hammy” Bolton and Maurice Tremblay in 1949 based in Montreal. Known for inventing the debt/loan ratio and pioneered the study and relationship between bank credit measures and the stock market. Fantastic publication. Unfortunately, he passed in 1967 at the young age of 53.

so… all of a sudden, we’re not looking pretty are we? …
stocks and bonds have entered a SECULAR BEAR market. commodities have entered a SECULAR BULL market. a 60/40 portfolio is dead. (it was long dead before that, but now, it’s buried)

it’s not enough to have TSX exposure and say you have commodity exposure. holding bonds of any duration longer than 1 year is a losing proposition and stocks… i’ve pointed out many times, they are massively overvalued and market will drop between 50-60% from the top before the bear market is over.

Target stocks: between 2000-2500 SPY.
Target 10 year bond rates: 7-8% (or more.. )

no… we’re not going there in a straight line. but it will take a decade or more to sort it all out.

#19 Steven Rowlandson on 10.02.22 at 1:53 pm

“On Friday that wild guy Vlad Putin spoke at his Moscow rally and called us (the people of the West) ‘satanic’. ”

Satan means slanderer and accuser. I went to school with plenty of those characters. It wasn’t enjoyable and my grades suffered for it. Does the west approve of things Satan approves of? Yes absolutely! Is Vladimir Putin correct? Yes, but only to a certain point! I’m not sure he understands his enemy to the degree he needs to though.

#20 Dr. James Sears on 10.02.22 at 1:57 pm

Garth don’t underestimate the Tsar of Russia Vladimir Putin.

While I was in prison for posting jokes about protected groups, I personally had my buddies send Vladimir Putin my handwritten email to FIGHT the femi-Marxist GLOBALIST WORLD ORDER.

You see, Putin is a wise man. He deliberately fueled more hardship by restricting energy and fertilizer inputs, which WORSENED the MONEY PRINTING by the reckless WESTERN POWERS.

PUTIN might NUKE the entire Toronto because FREELAND is a total psychopath and Russia is seeking to AVENGE Canada for her actions.

Post edited to remove abuse. – Garth

#21 jess on 10.02.22 at 1:58 pm

land booms

https://en.wikipedia.org/wiki/St._Johns_River#Land_boom

#22 Isaac on 10.02.22 at 2:02 pm

Sadly, he’s right bout the satanic part. Just look at the foia document dump from the FBI on McMartin preschool. The “satanic panic” wasn’t a joke after all, but was swept away under the rug.

#23 Søren Angst on 10.02.22 at 2:04 pm

Slim Pickens for the uninitiated.

https://youtu.be/snTaSJk0n_Y?t=81

Dr. Strangelove – “An astonishingly good idea”

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

I liked his right arm the best.

#24 jess on 10.02.22 at 2:06 pm

9 crowdedelevatorfartz on 10.02.22 at 1:20 pm

read the thoughts by the imprisoned opposition leader and the way forward for the russian people
mending trust

Alexei Navalny: This is what a post-Putin Russia should look like
By Alexei Navalny
September 30, 2022 at 8:00 a.m. EDT

https://www.washingtonpost.com/opinions/2022/09/30/alexei-navalny-parliamentary-republic-russia-ukraine/

#25 Father's Daughter on 10.02.22 at 2:18 pm

All very sad and depressing. And yes, out of our control. Please consider helping the hundreds of thousands of Ukrainians who are seeking refuge in Canada.
Many are arriving with little money, and few belongings.
Consider going through your closets and donating warm winter clothes, jackets, children’s wear.
Those who are able to secure housing are moving into empty apartments. Consider donating any furniture that you have and do not need. Arrange transportation if you can.
If you hear of any newcomers in your children’s school, ask the parent-teacher group if there are any ways that you can help.
Employ a newcomer if you can. Be forgiving on the language if possible, they will learn.
Food banks need all of the support that they can get.
This help can be arranged through the local Ukrainian church, or Facebook groups.
It’s going to be good Christmas to forgo all of the consumerism and junk that nobody needs or wants, and help a family in need (any family in need, not just Ukrainians). Better for all.

#26 Keith on 10.02.22 at 2:33 pm

Thank you Garth, for yet another researched, reasoned and rational blog post for an uneasy time in the life. A bit of Stoicism (focus on what you can control, learn to let go of what you can’t) goes a long way. Now please get the Amazon consensus on the date of the market bottom, and we all have an opportunity to profit.

#27 canuck on 10.02.22 at 2:35 pm

You can thank Biden for the escalation. Not once has he tried to broker peace, instead sending billions in weapons to a clown government in Ukraine. I’m not taking sides but this situation was easily avoidable.

I will agree that globalization is over, as it should be as it was a failed experiment. The pendulum is swinging from the left to the right. You’ll see that in the midterms next month, in Britain, Italy, etc.
Can’t wait for that to happen in Canada.

#28 To the point. on 10.02.22 at 2:36 pm

Ha! This is why I keep returning to this blog. It is the only place where I can read a sane analysis of our doomsday prospects and then reach the blog’s perennial bottom-line, “the best defence is to stay invested, be diversified”, etc. etc.

LOL!

#29 Grunt on 10.02.22 at 2:37 pm

Stalin died the same year Queen Elizabeth was crowned. Let’s hope poo-tin snuffs it this year…

#30 mac on 10.02.22 at 2:49 pm

Why is the dividend yield on Canadian bank stock etf RBNK quite a bit lower than the mean yield of the 6 banks that make up the etf??

#31 Mindfulness Therapist on 10.02.22 at 2:52 pm

Relax.
Take a deep breath and relax.
Relax while there is Nuclear War, hyperinflation and mass homelessness and displacement.
Your fears are not your thoughts.
That will be $200 for the hour please.

#32 Rook on 10.02.22 at 2:52 pm

If Ukraine joins NATO, doesn’t that automatically invoke Section 5, and all NATO nations declare war? Isn’t that what it says? “An attack on one is an attack on all”?

#33 ogdoad on 10.02.22 at 3:01 pm

I fondly remember my time in St. Petersburg. Mid May and the sun didn’t set until around 2am, people drinking gin and tonic before work in the morning, scantily clad women running for street cars…phew.

The young women that ran the front desk at the hotel…my goodness, she offered to make me coffee one day and asked me if I was interested in the pics she was showing me on her phone (WON’T go into details)….long story short – really hope I get to go back to St. Petersburg one day

Og

#34 PBrasseur on 10.02.22 at 3:05 pm

Putin obviously didn’t get that this war would be a disaster for his country, one of the biggest miscalculation in history.

But he surely understands that using nukes would be suicidal. The goal is to make the USSR, I mean Russia great again, I’m pretty sure even he gets that using nukes would do just the opposite.

#35 Ponzius Pilatus on 10.02.22 at 3:09 pm

23 Søren Angst on 10.02.22 at 2:04 pm
Slim Pickens for the uninitiated.

https://youtu.be/snTaSJk0n_Y?t=81

Dr. Strangelove – “An astonishingly good idea”

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

I liked his right arm the best.
——————————
Sometimes I wonder whether Hollywood shaped America.
Or is it the other way around?
Reality imitating art.

#36 crowdedelevatorfartz on 10.02.22 at 3:12 pm

@#24 jess

One hopes that Navalny will survive the corruption and the madness to form a new democracy.

He seems like their best hope…if he survives.
But.
I won’t wager money on it after Russia has squandered the last 30 years on greed and corruption.

#37 Faron on 10.02.22 at 3:26 pm

#24 jess on 10.02.22 at 2:06 pm
9 crowdedelevatorfartz on 10.02.22 at 1:20 pm

read the thoughts by the imprisoned opposition leader and the way forward for the russian people
mending trust

Mending trust in a country with a century of extreme systematic corruption and propaganda will be a very very long road.aybe even an impossible one. When no one believes that they aren’t being taken advantage of, there’s zero reason to not take advantage. This gets handed down from one generation to the next and the least bad people are too few to overcome the median self-serving and self protecting. It’s FYIGM at the extreme.

If Putin were to leave today, the replacement would almost certainly be about the same.

#38 Stoph on 10.02.22 at 3:41 pm

Yeesh what’s going on in the steerage section today?

#39 Pro-Russian on 10.02.22 at 3:59 pm

Putin did not say it is his job to fix the Satanic Western countries.

He did not say he is going to fix it.

Putin said he will defend Russia from the invasion of the Satanic West, even if it means using tactical nukes.

What invasion? – Garth

#40 Blobby on 10.02.22 at 4:03 pm

“The risk of Armageddon has risen, stay bullish”

That was literally the funniest thing I’ve ever read.. I’m sure post Apocalypse, if I’m still around, my portfolio would be really useful to me.

Although, I guess, If i was convinced it was going to happen, I’d cash it all out and spend remaining time partying… But I’ve made that mistake in my life once before.

#41 Nonplused on 10.02.22 at 4:05 pm

It is probably best to also peruse the other side of the story, rather than just relying on Ukrainian disinformation:

https://www.zerohedge.com/geopolitical/war-has-just-begun

Almost all of “the wests” predictions about this war have been wrong, and continue to be so. They are waging a propaganda war against their own people in the hopes that just one more shipment of Howitzers will make some sort of difference before they get blown up. But the west is running out of arms to send.

Russia is lying too, and also about everything.

For those of us that don’t have skin in the game, it is best to remember we are in the fog of war. It is best not to believe anything you read or hear at this point. The only information we have is either Ukrainian or Russian propaganda, neither of which should be believed. It’s so bad that it doesn’t even do any good to go “in the middle”. The best thing to do is only look at confirmed facts, of which we have only a few. These facts are:

– Russia in now mostly only occupying areas that are largely Russian speaking. They are no longer holding hostile territory.
– However those areas have been hostile to western Ukraine for years, perhaps generations. Ukraine did not have control of these areas before the war, they are unlikely to gain control of these areas after the war. The population is hostile.
– Ukraine was already in the middle of a civil war. The west had been supporting Kyiv in that war for years, at least since 2014. Russia joined in on the side of the Donbass in which they have interests in February. Prior to that they were likely providing a lot of covert assistance.
– Ukraine is out of arms and men. They survive on western aid and that only. They called up all their reserves, conscripted the whole fighting age population, and imposed travel restrictions a long time ago. They no longer have much if any of their own equipment, which is why western arms supplies are critical. Zelensky has been clear on that for a long time. All he does is ask for more weapons.
– Western support is costing the west a lot. As much as actually fighting the war. The money pit seems bottomless.
– The west refused to pay Russia for anything including energy through multiple rounds of sanctions before the gas and oil stopped flowing. They even seized most all of Russia’s foreign reserves. Russia did not “turn off the taps.” But all is fair in love and war. Nobody can be expected to pay their enemy.
– But the sanctions have had less affect than hoped, as it turns out a large portion of the world including China and India is not interested in supporting the western alliance. “It’s not my problem” is the view of 2/3rds of the world.
– The nuclear rhetoric has not changed on either side since the ’60’s. M.A.D. still rules the day. Russia is just as concerned that the US might try to end the war by launching a full out assault on Moscow as we are that Russia might nuke Kyiv.
– Somebody blew up Nord Stream 1 & 2, in a deliberate and well orchestrated attack. We don’t know who yet, but we know the results. It will now be impossible for Russia to send gas to Germany this winter, even on a humanitarian basis, or even if the war ends, without transiting Ukraine. This means that Germany is now wholly dependent on Washington to get through this winter and could not negotiate with Russia even if they wanted to.
– Both sides lie about everything. The propaganda is so deep you need a front end loader to move it. Anyone remember “the ghost of Kyiv”? The quality of the reporting has not improved.
– Winter is coming.
– Wars are not fought in a day. The US was “winning” in Afghanistan for how many years? As they say, “haste makes waste”. Nowhere is that more true than in war.

Remember, accurate forecasting is mostly about extending what is actually happening, not what you would like to happen, or fear might happen. The universe don’t care about your interests or your fears. It don’t care about you at all. It don’t care about anything. Plan accordingly, as best as you can.

And buy all the things. Wars are inflationary. Always.

#42 Sail Away on 10.02.22 at 4:05 pm

#33 ogdoad on 10.02.22 at 3:01 pm

The young women that ran the front desk at the hotel…my goodness, she offered to make me coffee one day and asked me if I was interested in the pics she was showing me on her phone (WON’T go into details)

———

Dogs? Needlework? Crafts? Flower arrangements? Haggis?

Man, just tell us. You always make it some big mystery.

#43 Investx on 10.02.22 at 4:13 pm

This war would not have happened on Trump’s watch.

He would have abandoned Ukraine and caved to Putin? – Garth

#44 Sail Away on 10.02.22 at 4:18 pm

Let’s consider a dose of nuclear annihilation. Chernobyl offered a glimpse, and 36 years later, the animals in the red zone are flourishing. Who knew Thanos would arrive in the shape of Putin?

If the flash-booms happen, they happen. If not, not. Yawn.

I’ll be buying gas and utility companies tomorrow.

#45 Faron on 10.02.22 at 4:20 pm

#88 Shawn
“We created generous pensions to encourage early retirement. Whoops.”

ignorant

#46 Faron on 10.02.22 at 4:24 pm

#39 Pro-Russian on 10.02.22 at 3:59 pm

Putin did not say it is his job to fix the Satanic Western

Satanic! LOL.

A feature of Putin’s hypernationalism has been the resurrection of Russian Orthodox Christianity. Feeding his plebes pablum to better stomach their corrupt subjugation.

#47 Ponzius Pilatus on 10.02.22 at 4:27 pm

37 Faron on 10.02.22 at 3:26 pm
#24 jess on 10.02.22 at 2:06 pm
9 crowdedelevatorfartz on 10.02.22 at 1:20 pm

read the thoughts by the imprisoned opposition leader and the way forward for the russian people
mending trust

Mending trust in a country with a century of extreme systematic corruption and propaganda will be a very very long road.aybe even an impossible one. When no one believes that they aren’t being taken advantage of, there’s zero reason to not take advantage. This gets handed down from one generation to the next and the least bad people are too few to overcome the median self-serving and self protecting. It’s FYIGM at the extreme.

If Putin were to leave today, the replacement would almost certainly be about the same.
———————-
Mostly agree, Faron.
The biggest fallacy of Western Cultural Liberal is that all cultures/nations yearn for democracy.
Gorby (the West gave him that moniker) was not liked ver y much in Russia because he was seen as breaking up the USSR, the second super power, leaving Russia as a shell of its former self, on equal (lower) footing with all the former vassal states.
But Russia is still the largest country in the world and has the largest (by some accounts) nuclear arsenal.
So I can imagine that would play into Putin’s hands.
And he’s playing the a card for all its worth.
No idea how this will play out.
But I think a new Cold War is coming, it’s actually here already, I think.
I grew up in Austria during the Cold War, and had access to Russian and Western TV.
What’s going on right now it’s a carbon copy of those days.
Both sides calling each other “evil” or satanic etc.
Americans would show long line-ups for food and empty shelves.
And the Russians would show inner city decay and race riots in America.
And of course, the Canadians did not like the Russians because they had better hockey players than the Canadians at that time.
The games between those two teams were proxy wars.
Epic.

#48 jess on 10.02.22 at 4:28 pm

faron and elevator
i suppose i am more optimistic as the tolerance level within Russia is no longer supported. There can be no profit with war!
======FLorida meanwhile…

DeSantis was boasting about his surplus back in July. My question is ; How much came from covid relief from the “big gov” irresponsible blah blah …as far as the previous president he threw paper towels lol

Governor Ron DeSantis Announces Record Surplus for Fiscal Year 2021-22
On July 7, 2022, in News Releases, by Staff

TALLAHASSEE, Fla. – Today, Governor Ron DeSantis announced the surplus for Fiscal Year 2021-22 is $21.8 billion – the highest in state history and more than 21 percent above the state budget for the fiscal year. Collections in May were $742 million above estimates, and preliminary data for June collections are approximately $950 million above estimates.

“Despite the headwinds created by the Biden administration’s policies, Florida is in a strong fiscal position because we preserved freedom and kept our economy open,” said Governor Ron DeSantis. “Our responsible policies have allowed us to make record investments to support our communities, promote education, protect the environment, and provide record tax relief for Floridians, all while building record reserves to protect the state against the reckless fiscal policies from Washington.”

Florida’s record surplus includes:

$2.7 billion in Florida’s Rainy-Day Fund (Budget Stabilization Fund) – the highest in state history.
$15.7 billion in unallocated General Revenue.
$2.8 billion in unallocated trust funds.
$499 million in the newly created Emergency Preparedness and Response Fund.

https://www.flgov.com/2022/07/07/governor-ron-desantis-announces-record-surplus-for-fiscal-year-2021-22/

#49 crowdedelevatorfartz on 10.02.22 at 4:28 pm

@#39 Pro Putin
“Putin said he will defend Russia from the invasion of the Satanic West, ”

+++
Thats rich.
Putin calling the West “Satan” as he murdered, lied, stole and imprisoned anyone who stood in his way.

Whats next?
Putin’s boot licker V.P. Medvedev actually earned the reputed $10 Billion dollars he has squired away on his salary as Vice president.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjJz7CtsML6AhXEMDQIHbu4AfAQFnoECA0QAQ&url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FDmitry_Medvedev&usg=AOvVaw1cU1yYyAX0-VJqCafvxXwu

Putins son-in-law earned the $1 billion seized in Swiss bank accounts as a former musician?

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjmyaGVsML6AhU2ATQIHTyGAqQQFnoECAYQAQ&url=https%3A%2F%2Fwww.forbes.com%2Fsites%2Fkatiasavchuk%2F2016%2F03%2F30%2Fhow-vladimir-putins-son-in-law-became-russias-youngest-billionaire%2F&usg=AOvVaw1huduRN0Ahgk4OrbnEbDjn

The corruption in Putin’s Russia is vast and wide and no amount of fabricated Pravda spin will change that.

When the people of Russia finally realize how badly he has screwed them.

They will tear him apart.

#50 Figmund Sreud on 10.02.22 at 4:31 pm

Sometimes one just has to shut off ones TeeVee – Hi there, CBC, CTV, et al – and read up on history!

Anyway, … just found this, by infamous Jeffrey Sachs:

The great game in Ukraine is spinning out of control

https://johnmenadue.com/the-great-game-in-ukraine-is-spinning-out-of-control/

… it starts with:

Since the middle of the 19th Century, the West has competed with Russia over Crimea and more specifically, naval power in the Black Sea. In the Crimean War (1853-6), Britain and France captured Sevastopol and temporarily banished Russia’s navy from the Black Sea. The current conflict is, in essence, the Second Crimean War. This time, a US-led military alliance seeks to expand NATO to Ukraine and Georgia, so that five NATO members would encircle the Black Sea. […]

… read more if you like.

Anyway, my only comment to Jeffrey’s screed is:

Not really: “they’re just losing”. And when they’re losing, they just self-immolate and blow up the world instead.

Best,

F.S. – Calgary, Alberta.

#51 jess on 10.02.22 at 4:32 pm

anyone else tired of the juxtaposition between the words freedom /woke?

Aug 25, 2022 — DeSantis says ‘woke’ 5 times in 19 seconds

#52 The Totally Unbiased, Highly Intelligent, Rational Observer on 10.02.22 at 4:33 pm

“On Friday that wild guy Vlad Putin spoke at his Moscow rally and called us (the people of the West) ‘satanic’.” — Garth

Very interesting.

Russian President Vladimir Putin might be onto something.

From The Book of Synonyms: “socially liberal” = “satanic”

Do you think there is any hope that the people of the West will repent of being “socially liberal” (i.e., “satanic”) before it is too late?

#53 Daffy on 10.02.22 at 4:35 pm

#20

Is the poster openly admitting to sedition by sending correspondence to aid a country that is hostile to Canada?

Googled his name and he once worked for the military. Served jail for posting hate speech. A troubled man who needs help in a psychiatric prison cell.

#54 Faron on 10.02.22 at 4:36 pm

#44 Sail Away on 10.02.22 at 4:18 pm

Let’s consider a dose of nuclear annihilation. Chernobyl offered a glimpse

OMG, wow. No. No it didn’t. At all.

#55 jess on 10.02.22 at 4:38 pm

the wokeness and the awake sleep
https://www.motherjones.com/politics/2022/02/here-are-the-things-ron-desantis-thinks-are-woke/

#56 blobby on 10.02.22 at 4:39 pm

“He would have abandoned Ukraine and caved to Putin? – Garth”

To be fair, while Putin had his own puppet in the whitehouse, he probably wouldn’t have done any invading. He’d just need to pick up the phone and offer to give dirt on political opponents, or threaten to release PePe tape, and get whatever he wanted… Pretty much as happened while Spanky was in power.

.. Right down to withholding weapons approved for Ukraine, etc etc.

#57 blobby on 10.02.22 at 4:42 pm

Bit scary how many people posting here seem to get their information from Tucker though..

#58 Ponzius Pilatus on 10.02.22 at 4:48 pm

#44 Sail Away on 10.02.22 at 4:18 pm
Let’s consider a dose of nuclear annihilation. Chernobyl offered a glimpse, and 36 years later, the animals in the red zone are flourishing. Who knew Thanos would arrive in the shape of Putin?

If the flash-booms happen, they happen. If not, not. Yawn.
———————————-
What about your wife, your kids, your 50 hick cousins in the States?
All just collateral damage?

#59 NOSTRADAMUS on 10.02.22 at 4:51 pm

UNBIASED SECOND OPINION.
Garth, just because I wish to listen to diverse views and the people expounding them does not mean I sign onto their ideology.
Day and night, one western news media after another overtly speculate that Putin is sick, on the verge of death or losing power. His army is devastated. And victory is just over the next hill.
What do you mean we’re going to win here exactly? Take a deep breath and ponder this undeniable fact, even if Putin decided to retreat from the Ukraine, the country would be left in smoking ruins. I would be hesitant to put a check mark in the win column if this comes to pass.
On the other side of the same coin, for Russia, victory could be declared if they are successful in pushing back the advancing borders of NATO. A strong possibility.
America and NATO, if limited by reason, may not be able to respond with nuclear weapons if Putin decides to unleash a “tactical” nuclear weapon. Again, no check mark in the win column.
The western rhetoric fails to acknowledge another undeniable fact, Putin holds the best cards in that he controls the gas flow into Europe. As the say in the Lord of the Rings, “Winter is coming” Finally a voice of reason.

The blog post said nothing about winning the conflict. There are no winners. Only losers. Nor did it reference Putin’s health or a palace coup. Finally, Russia does not hold any cards regarding gas, because they have been played. Try harder next time. – Garth

#60 jess on 10.02.22 at 4:55 pm

https://www.motherjones.com/politics/2022/10/cpac-hastily-deletes-a-pro-russia-tweet/

why CPAC delete this ?
https://twitter.com/CPAC/status/1576334311908724736

..”Whitaker is listed as an advocate in two official announcements—the December clemency granted to convicted health-care fraudster Daniela Gozes-Wagner, and the last-minute conditional pardon extended to Stephen Odzer, who in 2006 pleaded guilty to more than $16 million in bank fraud.

The Acting Attorney General Helped an Alleged Scam Company Hawk Bizarre Products
Matthew Whitaker lent his name and status as an ex-US attorney to a firm touting time travel cryptocurrency and a toilet for the “well-endowed.”

…”Federal authorities say World Patent Marketing was scam. A federal judge shut down the company last year and fined it $26 million after the Federal Trade Commission found it had “bilked thousands of consumers out of millions of dollars” in fees it charged clients based on phony promises of lucrative patent deals. The company is under investigation by the FBI, the Wall Street Journal reported.”
https://www.motherjones.com/politics/2018/11/the-acting-attorney-general-helped-an-alleged-scam-company-hawk-bizarre-products/

#61 Reality is stark on 10.02.22 at 4:57 pm

People hate me because I am rarely wrong about anything. Some believe I am a pessimist because I post the truth they don’t want to hear but I read the underlying trends that no one else can see.
The truth is that I am the ultimate optimist.
Within 2 years Navalny leads Russia.
The mighty USA under Reagan’s great vision has reduced communism to a shadow of it’s former self.
Ask yourself which country will benefit as NATO nations enhance military spending?
The world is becoming a better place as another totalitarian state folds like an accordion.
Putin will be dead within an hour if he presses the button.
But he is a coward, he will die a coward’s death, just like Saddam and Osama.
So keep your chin up and start buying when blood is running in the streets.

#62 JacqueShellacque on 10.02.22 at 5:10 pm

Humanity’s main goal, above all else, is to avoid nuclear war between the US and Russia. Putin lives in a Second Reality very reminiscent of Communist days, which means he’ll be rejecting ‘real’ reality as a matter of principle. But is the US government reaction much different? The only explanation for the refusal to do anything other than pour money and weapons into Ukraine, with the explicit hope of destroying his conventional military ability, is the iron-clad belief that Vlad won’t escalate beyond what he’s doing now. Are they right? Only time will tell, but anyone willing to trust the US government to somehow navigate this is really naive. We’re literally gambling the future of our entire planet on the calculation of ‘will he, or won’t he’, in order to ‘save’ the Second Reality of our own: that we can ‘save’ Ukraine and the US can somehow defeat Putin without actually fighting them. Sounds reckless to me, but I guess the vibe is ‘you can’t control it, so just roll with it’.

Are you sure Putin just wants Ukraine? Are you saying he should have been given it? Hitler was going to stop with Poland, remember? The US stood aside. In the end, 45 million people perished. – Garth

#63 ogdoad on 10.02.22 at 5:20 pm

#42 Sail Away on 10.02.22 at 4:05 pm

Dogs? Needlework? Crafts? Flower arrangements? Haggis?

Man, just tell us. You always make it some big mystery.

:):):):):):):):):)

Haggis? What?

Sorry dude. Don’t wanna get banned…or poisoned.

Just think about birds and bees….but WAY hotter!

Og

#64 AM in MN on 10.02.22 at 5:21 pm

Garth – While it is good to focus on the effects on investments for the asset rich class, it would be good to see some balance and give the upside to the working class here.

The whole of the West is run by soft men who get voted in by women. That changes when things get tough.

Shortages of basics and safety fears have a way of focusing women to consider what’s really important, and that isn’t women on corporate boards, it’s corporations that deliver the necessities of life. Hence the coming rightward shift… a mood swing if you will.

Wages go up to compensate for inflation or else you can’t find workers, especially for essential goods and services. The appetite for armies of diversity consultants in govt. bureaucracies diminishes, all good.

North America will always be fine since we don’t rely on imports for necessities, and can do without cheap junk from China just like we used to.

A good cold winter in the EU with little fuel will help them focus on real energy issues, not trying to drive their lifestyles on magic fairies. Realistic people will take over when the pain hurts enough, and that’s all good.

#65 Sail Away on 10.02.22 at 5:28 pm

#52 Ponzius Pilatus on 10.02.22 at 4:48 pm
#44 Sail Away on 10.02.22 at 4:18 pm

Let’s consider a dose of nuclear annihilation. Chernobyl offered a glimpse, and 36 years later, the animals in the red zone are flourishing. Who knew Thanos would arrive in the shape of Putin?

If the flash-booms happen, they happen. If not, not. Yawn.

———

What about your wife, your kids, your 50 hick cousins in the States?

All just collateral damage?

———

50 nothing. I have over 100 first cousins and around 1,000 living relatives in 2d and 3d and ‘once-removed’ categories. We’re a prolific bunch. Like Elon. Win the game by making your own tribe, you know?

I guess the Sail Away dynasty survivors will just have to band together and rebuild the world.

#66 AM in MN on 10.02.22 at 5:29 pm

#37 Faron on 10.02.22 at 3:26 pm

Mending trust in a country with a century of extreme systematic corruption and propaganda will be a very very long road.aybe even an impossible one.

————————————————-

Thought maybe you were talking about the Lib/NDP/Red Tory/CBC/Banking Cartel here?

#67 NOSTRADAMUS on 10.02.22 at 5:31 pm

OOPS!
The blog post said nothing about winning the conflict. There are no winners. Only losers. Nor did it reference Putin’s health or a palace coup. Finally, Russia does not hold any cards regarding gas, because they have been played. Try harder next time. – Garth
Garth, From your lips to my ears.
“Some facts: Russia is losing the war.” Third paragraph, below the dog photo.

I was silent on winners. Only losers. Russia will lose the most. – Garth

#68 Tim on 10.02.22 at 5:35 pm

Here are more plausible outcomes for the current situation.

1. The citizens of Russia take to the streets in mass protests of what Putin is doing to their country. Russian society and the economy comes to a halt in the midst of massive walkouts and strikes. The military refuses to intervene. Putin flees. Like in 1917 or 1991, Russia is able to once again remake itself.

Or:

2. Like in the Korean peninsula (or Cyprus, etc.), the conflict freezes up along a stable front as neither side can overcome a stalemate. The two sides negotiate a truce intended to be temporary but ends up becoming de facto permanent. Both sides declare victory, stand down and move to focusing on repairing their countries instead of fighting.

-Tim

#69 baloney Sandwitch on 10.02.22 at 5:36 pm

This war would not have happened on Trump’s watch.
#43 Investx He would have abandoned Ukraine and caved to Putin? – Garth.
One good thing – Putin army is totally degraded – thanks to the Uke’s and Russian defence industries are not going to sell much arms. This war was very bad advertisement.

#70 crowdedelevatorfartz on 10.02.22 at 5:55 pm

@#68 Tim
” Putin flees. ”
++++

Flee where?
China?
With his Billions?

Anywhere he goes the US, Russia, Ukraine will want his head and the country that takes him will be sanctioned.

Thats like saying Hitler could flee.

#71 Bob on 10.02.22 at 5:59 pm

If NATO and US did not throw billions to support Ukraine in that war . It would be all over a few months ago. But no we have to pay our taxes for that war and now we are at nuke war??!? And nobody even mentioned it? Putin would stop the war if Ukraine declare neutrality and NATO stop pushing borders.

#72 Ponzius Pilatus on 10.02.22 at 6:07 pm

66 AM in MN on 10.02.22 at 5:29 pm
#37 Faron on 10.02.22 at 3:26 pm

Mending trust in a country with a century of extreme systematic corruption and propaganda will be a very very long road.aybe even an impossible one.

————————————————-

Thought maybe you were talking about the Lib/NDP/Red Tory/CBC/Banking Cartel here?
——————————-
That does not surprise me.
That’s what happens to otherwise smart people when they see everything through their ideological spectacles.
Not too late to educate yourself about the difference between social democracies and communist dictatorships.

#73 Pylot Project on 10.02.22 at 6:10 pm

Andrew Coyne wrote a good piece on Friday regarding this situation. Short version, Putin has backed himself into a corner with his non-thinking, tough-guy erratic behaviour. The title of the article almost says it all; “There can be no end to this war that leaves Putin in power.”

If he blinks and backs down, the world will know he’s full of it. If he’s crazy enough to launch the nukes, there could be a few coming his direction in reprisal. If he commands a launch, and the Generals say “net”, now you have a potential civil war problem.

Isn’t there a badly built window Putin needs to Windex?

#74 Soviet Capitalist on 10.02.22 at 6:11 pm

So far the West reacted correctly to Putin’s action, but we’re not out the woods yet.
Russia’s strength has never been in competence. They usually win through resilience.
Putin will likely lick his wounds for a while waiting for inflation to cause political turmoil in the West. There will be new waves of russians coming into Ukraine then.

#75 Damifino on 10.02.22 at 6:30 pm

#12 Apocalypse NOW

Putin is in a corner and expects his own death soon, so has no worries for others.
———————————-

Putin himself is incapable of launching anything other than an ill-conceived and hopeless ground war.

Nuclear arms must be fired by experts. One hopes cooler (i.e. non-sociopath) heads would prevail if they realized Putin was commanding a first strike offensive that would certainly bring devastation to Russia.

Didn’t one of Trump’s generals have to reassure China that no nukes would fly when the USA seemed to be facing an imminent coup in Jan, 2021?

#76 the Jaguar on 10.02.22 at 6:41 pm

@#71 Bob on 10.02.22 at 5:59 pm
If NATO and US did not throw billions to support Ukraine in that war . It would be all over a few months ago. But now we have to pay our taxes for that war and now we are at nuke war??!? And nobody even mentioned it? Putin would stop the war if Ukraine declare neutrality and NATO stop pushing borders. +++

No Bob. Nobody mentions it. They don’t mention the Minsk Accords or what’s really been going on since 2014. There is almost nothing in the western media about the terrorist act of blowing up those pipelines, except utter nonsense that maybe those Rooskies blew up their own pipelines. Just like those Rooskies were shelling the nuclear plant they had occupied since March. It’s an even longer list of nefarious deeds if one is paying attention. This is tribalism on steroids with ‘the strategic interests of the United States of America’ as a backdrop.
What also doesn’t get a lot of attention is that the rest of the world is watching with great interest just what can happen when one doesn’t ‘go along to get along’.
What is most amazing is how Europe is putting the noose around their own neck. The economics are mind blowing.

Back to making those tiny lasagna meatballs…………

#77 Figmund Sreud on 10.02.22 at 6:42 pm

Just musing out loud: … it was Thucydides, Athenian military general, who – presumably – argued: “it was the rise of Athens and the fear that this instilled in Sparta that made war inevitable”

https://en.wikipedia.org/wiki/Peloponnesian_War#/media/File:Peloponnesian_war_alliances_431_BC.png

Another words, classical Thucydides Trap has been set up, … and that is why we precisely all are destined for another war!

… dog, help us!

F.S.

#78 jack on 10.02.22 at 6:44 pm

@ #9 crowdedelevatorfartz

Now…how about some balance to your one sided post:

*********

Ukraine official spins mouse tale to highlight corruption

Second most corrupt in Europe
In 2019, Ukraine ranked 126th out of 180 countries in Transparency International’s Corruption Perceptions Index – making it the second most corrupt country in Europe after Russia.

https://www.bbc.co.uk/news/blogs-news-from-elsewhere-52921247.amp

#79 crowdedelevatorfartz on 10.02.22 at 6:47 pm

@#71 Bob
“Putin would stop the war if Ukraine declare neutrality and NATO stop pushing borders.”
+++
No he wouldn’t.
He’d re-arm, re-train and be back in a year.
Like he did in Chechnya, Georgia, etc etc etc.

That’s what bullies, murderers and dictators do.
They feed their own people into the meat grinder to keep themselves safe in their positions of power….forever….and sleep very well at night.
Until they are over thrown.
Putin needs to go.

@#72 Ponzie’s Prerogative.
“That does not surprise me.”
+++
Thats because a stubborn Block of wood, typically, doesn’t have emotions.

#80 cv5 on 10.02.22 at 6:50 pm

I will be here all week….

https://twitter.com/TomboStocks/status/1576346767322333185

#81 Søren Angst on 10.02.22 at 6:58 pm

Armageddon, not really.

Went back to Jan of this year to make sure. Stock price appreciation still

+3.6% YTD *

ADD to that an average annual YTD dividend rate of

27.8%

[28.3% in Sept annualized]

I am tickled pink … well, maybe not pink but some other happy color.

* And ya Bdwy I know you’re doin’ better but for amateur me vs. some of your more in depth investing Comments – I’ll take it and am elated. There is always someone better and I’m good with that (and comforting to know).

If it weren’t for my IQ of 51-70 TWTR single stock pick, I’d be up more stock appreciation wise … that’s for sure. My Albatross. Hopefully Connecticut’s Hanging Judge fleeces Elon for a few billion in reparations. THAT would make my day, year even.

——————–

* As usual, thank you Garth, Ryan, Doug et. al. Could not have done it without you.

Preserve capital in the 2nd worst Bear Market on record and rake in dividends to more than fund my less than lavish lifestyle. It does not get better than that for Paleo retired me.

#82 Smartalox on 10.02.22 at 7:00 pm

The most interesting analysis that I have seen to date:

– There are strategic nuclear weapons (ICBMs) and there are tactical nuclear weapons. Resorting to strategic nuclear weapons is mutually assured destruction.
– Tactical nuclear weapons are short-range, battlefield weapons, launched from vehicles. Considering how poorly Russia’s conventional battlefield vehicles have fared so far, one wonders about the state of repair of tactical nuclear launch vehicles that had an even less likely probability of being called into action.
– While the scope of immediate destruction of a tactical nuclear weapon may be limited to a few hundred square miles, the radiation fallout of an intentional nuclear detonation, if it blows into Western Europe, may be considered an article 5 violation by NATO nations.

It may not even need to be a tactical nuclear weapon: previously reported interest in controlling nuclear power plants may set the stage for weaponization of depleted nuclear fuel or other radioactive materials stored on site, by detonating conventional explosives. Or the disturbance of contaminated soils in the area surrounding the site of Chernobyl.

Neither scenario would be very good for the health of the people of Western Europe, or their economies, but because the USA would not be directly affected, one might hope that a strategic nuclear exchange might be avoided.

But an all-out conventional war may well ensue between NATO nations and Putin’s personal Russia. With the tides of public opinion turning in Russia, and the absence of Stalin-style totalitarianism to ‘insipre’ the support of patriots from the East to be pressed into the fight.

#83 Investx on 10.02.22 at 7:02 pm

“This war would not have happened on Trump’s watch.

He would have abandoned Ukraine and caved to Putin? – Garth”

Nope. Putin would not have made the move. He would have continued to wait for a weak leader to succeed Trump, as played out.

And Trump probably would have taken out another high-ranking terrorist in the meantime.

Ah yes, the Helsinki Summit proved how tough Trump was with Russia. The world’s media called him Putin’s poodle. – Garth

#84 Linda on 10.02.22 at 7:03 pm

I’m seriously beginning to wonder whether Putin is experiencing the onset of some sort of mental debility – dementia, Alzheimer’s, who knows what else. Just because one is the leader of a country doesn’t mean one is exempt from the myriad health issues humans are prone to. He apparently had been undergoing treatment for some issue fairly recently – who knows what kind of medication he may be on or how that may have affected his mental processes?

As for the use of nukes, those start being deployed the last thing on anyone’s mind will be the state of their portfolios. The burning issue (pun intended) is whether one will survive any such idiocy & if one does, whether that will be considered good or bad fortune. Myself, I sincerely trust a no nuke policy will prevail & that Putin is removed from power before he can enact such insane measures.

#85 cuke and tomato picker on 10.02.22 at 7:08 pm

Number 39 Pro Russia really. Why?

#86 Faron on 10.02.22 at 7:09 pm

66 AM in MN on 10.02.22 at 5:29 pm
#37 Faron on 10.02.22 at 3:26 pm

Thought maybe you were talking about the Lib/NDP/Red Tory/CBC/Banking Cartel here?

No, I wasn’t. I’m not keen on the kind of absurd, false equivocation where serious discourse goes to die and disinformation thrives. And, well, I’m also not a fricking idiot.

#72 Ponzius Pilatus on 10.02.22 at 6:07 pm
66 AM in MN on 10.02.22 at 5:29 pm
#37 Faron on 10.02.22 at 3:26 pm

Not too late to educate

I’m sure he’s “doing his own research”.

#87 Faron on 10.02.22 at 7:13 pm

#70 crowdedelevatorfartz on 10.02.22 at 5:55 pm
@#68 Tim
” Putin flees. ”
++++

Flee where?
China?
With his Billions?

Anywhere he goes the US, Russia, Ukraine will want his head and the country that takes him will be sanctioned.

Thats like saying Hitler could flee

At the moment Brazil, Philippines, Bulgaria might shield him. After a few more far-right epection cycles, the options will grow wider for Mr. P. A Trump win in ’24 for example.

#88 Søren Angst on 10.02.22 at 7:14 pm

#35 Ponzius Pilatus

Makes a person wonder that’s for sure.

And then there was also the movies …

The Andromeda Strain, 1969

and

The China Syndrome, 1979

or

Apocalypse Now, 1979

This is the end, beautiful friend
This is the end, my only friend
The end of our elaborate plans
The end of everything that stands…

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

[sounds even better with Dolby Atmos than it did way back when with Quad whatever …]

#89 Dogs Not Barking on 10.02.22 at 7:18 pm

It’s very possible that the pipelines broke due to crappy construction, lousy materials and/or poor maintenance.

Russia is a kleptocracy, with oligarchs stealing anything and everything not nailed down.

Is there anyone out there who believes that their own pipelines would not exempt from corruption? They already blew up a nuclear reactor doing dumb stuff, so a wrecking a pipeline doing dumb stuff is certainly well within their wheelhouse.

Putin didn’t do it. The Germans didn’t do it. Biden didn’t do it. Russian corruption did it.

Anyone want to bet that when a sample of the pipeline steel is recovered it will be found to be unsuited for purpose?

In Montreal we have overpasses crumbling due to corrupt construction practices. But somehow the Russians built a pipeline up to code?? I doubt it.

#90 DON on 10.02.22 at 7:20 pm

#67 NOSTRADAMUS on 10.02.22 at 5:31 pm
OOPS!
The blog post said nothing about winning the conflict. There are no winners. Only losers. Nor did it reference Putin’s health or a palace coup. Finally, Russia does not hold any cards regarding gas, because they have been played. Try harder next time. – Garth
Garth, From your lips to my ears.
“Some facts: Russia is losing the war.” Third paragraph, below the dog photo.

I was silent on winners. Only losers. Russia will lose the most. – Garth

*****
Families lose the most.

The fog of war is thick, that’s for sure. I stopped trying to figure it out…sooner or later we will find out.

Interesting times!

#91 Ustabe on 10.02.22 at 7:30 pm

#51 jess on 10.02.22 at 4:32 pm

anyone else tired of the juxtaposition between the words freedom /woke?

Aug 25, 2022 — DeSantis says ‘woke’ 5 times in 19 seconds

Oh, Lordly yes! It is an intellectually vacuous word and if you asked 5 different yet sturdy conservatives what it meant you would get 5 different mumbling, stumbling answers.

Even the smooth brains on here wouldn’t be able to come up with any consensus as to meaning. Just another perfectly cromulent word weaponized to stick it to the libtards.

#92 Senator Bluto on 10.02.22 at 7:32 pm

How to end the war:

1. Guarantee Putin’s safety and provide security for him for the rest of his life. There is no retirement plan for ex-Dictators, so create one for him.

2. Once Putin leaves, admit Russia to NATO. The Russians are more scared of the Chinese than they are of the West.

If everyone can see past the politics, it’s not that unreasonable.

#93 crowdedelevatorfartz on 10.02.22 at 7:42 pm

@#87 Faron.
” A Trump win in ’24 for example.”
+++
Nope.
We have the ultra conservative US Supreme Court sticking their anti abortion rulings in the Republican re-election gears.
(This week they have another ruling on gerrymandering electoral districts bound to get the voters upset).
The midterms aren’t shaping up to be the Republican rout that was expected.
Trumps having problems finding lawyers to help with the Oct Court case in New York which may eventually hammer him with $250 million dollars in fines ( oh , and his long time C.E.O. has agreed to testify against him…gotta luv that!).
Another sexual assault case against The Donald is winding its way through the New York courts even though he stated in his own defense “She’s not my type.” (A Classy Presidential rebuttal for a rape accuser if I ever heard one).
Yeah.
I’m thinking Trumps’ only incentive for running again will be to avoid ….prison.

#94 Søren Angst on 10.02.22 at 7:47 pm

#35 Ponzius Pilatus

Dr. Strangelove also let us know way back in 1964 why we should not trust the Russians because of …

Precious Bodily Fluids
https://www.youtube.com/watch?v=N1KvgtEnABY

#95 Craig on 10.02.22 at 7:47 pm

There have been numerous newspaper articles around the world since February about who will replace Putin if he is no longer President and many of the candidates are old KGB or Military buddies who are just as bad or even worse. No easy fix here as long as the old boys club remains in tact.

#96 cuke and tomato picker on 10.02.22 at 7:51 pm

The Ukraine will survive PUTIN WILL NOT.

#97 Steven on 10.02.22 at 7:56 pm

Go ahead and buy now.

Be an idiot.

This is still overvalued 30 to 50%.

Buy when the Fed blinks which is a long way away…

When 2 crappy Teen burger combo meals cost $26 and a basic men’s haircut costs $29, there is still waaaaay too much inflation to be slayed.

#98 Wrk.dover on 10.02.22 at 7:59 pm

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

The Firm; Radioactive (song)

#99 Faune on 10.02.22 at 7:59 pm

James Sears:

You sent Putin a handwritten email.

Handwritten email?

As in using a tablet’s or laptop’s touchscreen to write an email?

Are you on medication for a mental issue and forgot to take them?

#100 @J on 10.02.22 at 8:01 pm

It looks like things will heat up further regarding Putin and his maniacal push. My guess is there will be more market volatility and the vix will spike above it’s current 31.62 value.

There is some discussion on Putin’s state of mind, whether he would use some sort of nuke, and whether his subordinates would carry out such an order.

I suppose I am most worried about some sort of catastrophic error occuring. Us humans can make some pretty big blunders when things get unstable.

https://www.bbc.com/future/article/20200807-the-nuclear-mistakes-that-could-have-ended-civilisation

#101 Wrk.dover on 10.02.22 at 8:01 pm

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

The Pointer Sisters, Neutron Dance (song with video)

#102 Wrk.dover on 10.02.22 at 8:09 pm

What about the video where Regan and Kruzchev fight in a ring, one of them bites an ear off, the planet hangs from a string in the middle of the ring, and explodes at the climax of the song?

Anybody remember that?

Seems like the good old days, with the threat back in vogue.

#103 blobby on 10.02.22 at 8:15 pm

Hard to tell if people here are actually real, paid russians, or people who just watch Tucker – and think everything he says is real.

I’m gonna be nice and assume the later

Investx : “Putin would not have made the move. He would have continued to wait for a weak leader to succeed Spanky”

Replace “weak” with “stronger” (I wont say Biden is strong), and you’d have a point. Putin 100% did this because he’s dying and no longer has control over the week fat orange guy who he may or may not have a pee pee tape of… But if he doesnt, what on earth did he have on him?

#104 Sir Spamalot on 10.02.22 at 8:17 pm

Garth,

Am going to stock up on cans of Spam meat and get ready for the world to fall apart

https://www.cnn.com/2022/10/01/business/spam-popularity-tiktok-sales-record/index.html

While humming this meditative anthem each morning during yoga mindfulness training

https://youtu.be/g00NplDnLLQ

#105 Reynolds753 on 10.02.22 at 8:20 pm

#27 canuck on 10.02.22 at 2:35 pm

A “clown government”? How in your opinion was this “easily avoidable”? Ukraine should just have folded? If nothing else Biden has shown temperate and circumspect leadership throughout this ordeal. How would you have hime broker peace” when an independent country is being invaded and overrun by an enemy that wants to extinguish its very existence? Your statement smacks of appeasement at its worst.

#106 Ponzius Pilatus on 10.02.22 at 8:21 pm

70 crowdedelevatorfartz on 10.02.22 at 5:55 pm
@#68 Tim
” Putin flees. ”
++++
Flee where?
China?
With his Billions?
Anywhere he goes the US, Russia, Ukraine will want his head and the country that takes him will be sanctioned.
Thats like saying Hitler could flee.
————————-
That shows again how ill informed you about WWII history.
The fact is that Mengele, Eichmann and many other high level Nazis escaped to South America with the loot that they had stored in Swiss Banks.
Hitler and Goebels could have done the same, it they wanted.
Many Neo-Nazis still believe that Hitler still lives in Brazil.
And some even say he had been cloned and may still live among us.
Don’t believe me?
Watch “The Boys of Brazil”.
Hollywood never lies.
As for Switzerland and Nazi Loot;
There are some theories why Hitler never invaded Switzerland.
Tough terrain, tunnels and bunkers every where, well armed and trained population,
Neutrality etc.
One of the most plausible one is that he wanted to keep and protect the secret Swiss banking system which served the Nazi elite well by helping them stash their I’ll gotten loot away.

#107 yvr_lurker on 10.02.22 at 8:22 pm

With Putin becoming increasingly desperate and agitated towards the west and his war in Ukraine, I can’t see how the “market” can price in this lunacy and ignore it. Although it is unlikely that Putin will do anything with Nukes, one can’t discount it entirely at this stage… so think of it like this…. small probability of something outrage happening with Nukes times a Huge factor of the impact it would have = something non-negligible and not to be discounted. I can’t see that markets will rebound in any sensible way until Putin is gone and his vitriol stops…

#108 Islanddave on 10.02.22 at 8:25 pm

Potassium iodide? Umm, I’m not even going to ask…
But the dog idea… maybe just going out for a long walk in the sunshine
I’m good with that

#109 gfd on 10.02.22 at 8:26 pm

https://youtu.be/dX9kAtE645M

#110 gfd on 10.02.22 at 8:30 pm

Putin is someting like 5 feet tall. I bet the Napoleon complex has a lot to do with his ambitions.

#111 Dr V on 10.02.22 at 8:32 pm

30 mac

“Why is the dividend yield on Canadian bank stock etf RBNK quite a bit lower than the mean yield of the 6 banks that make up the etf??”
—————————————-

Yay! An etf question. I’ll take a stab at it!

Mac – first off, there is a MER that comes off the top. About 0.32%. Now if you go to yahoo finance, you can punch in ‘rbnk’ into the quote lookup. Look under holdings for composition and history for payouts.

The fund holds more BNS and CM (about 25% each) then the other banks, so it’s not a simple average of the individual yields.

The payout was increased early this year to 0.085 monthly, but it looks like this was done before BNS and CM raised their dividends. I am guessing the payout is calculated using the previous years dividends. With the banks histories of raising dividends, this is a very safe bet for the fund.

Just my take on how it might work.

#112 Pylot Project on 10.02.22 at 8:52 pm

@Wrk.dover

Two Tribes – Frankie Goes To Hollywood
Land Of Confusion – Genesis and/or Disturbed

Good memories

#113 Yukon Elvis on 10.02.22 at 8:55 pm

Ukraine pushes Russia back to the Feb.24 borders.
Putin declares victory.
Both sides dig in and continue to shell each other for another eight years.

#114 Tony on 10.02.22 at 8:56 pm

It’s supposed to be an honour to fight for your own country. Some of these Russians aren’t very patriotic. In the good old days they’d shoot deserters who didn’t fight. These deserters should be sentenced to years of hard labour. I think to myself what is the world coming to when people won’t even fight for their own country?

Russia is not being invaded. – Garth

#115 protea on 10.02.22 at 9:01 pm

Garth your article today has ignited all the weirdos to come out and scare the hell out of the rest of us. Wouldn’t an elitist group of British SAS and United States Navy SEALs be capable of putting Putin to bed once and for all.

#116 Ponnaps on 10.02.22 at 9:02 pm

1/3rd of the country under Russian occupation, Air Force not even fully exercised.. how is this losing the war?

Western commentators cannot fathom this war because that’s not how they fight wars themselves…
Putin wont carpet bomb his own Russian blood(what he considers the ukes are) to prove a point to the west.. it’s a slow, assured occupation of areas that Putin considers vital to Russian security and strategic interests against NATO.. he doesn’t want to repeat the mistakes of the Yeltsin era playing lapdog to the west..

Of course western commentators will not undestand all this.. they think only mass genocide of civilians is how you win wars because that’s how they’ve been doing it

#117 Emily Litella on 10.02.22 at 9:05 pm

What’s all this I hear about a tactful war. I just don’t believe that an armed conflict can ever be considered tactful! Perhaps, if Presidents Putin and Zelensky sat down to a friendly game of RISK to decide who gets what Ukrainian territory, then that might be considered tactful…what…sorry…you mean TACTICAL NUCLEAR WAR?!

Oh…never mind:)

#118 crowdedelevatorfartz on 10.02.22 at 9:13 pm

@#106 Ponzies Pedaling Pravda Piffle

“Many Neo-Nazis still believe that Hitler still lives in Brazil.
And some even say he had been cloned and may still live among us.
Don’t believe me?
Watch “The Boys of Brazil”.”

+++
My God.
Did you actually write that?

Hitler might have been cloned….
Wishful Austrian thinking Ponzie?

Well.
One Hollywood reference deserves another.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjzkO268ML6AhXTATQIHVLCAx8QwqsBegQIBxAB&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3D37OWL7AzvHo&usg=AOvVaw0WNTXsp2w_kku9gRlGwi7C

#119 crowdedelevatorfartz on 10.02.22 at 9:24 pm

@#97 Steven
“When 2 crappy Teen burger combo meals cost $26 and a basic men’s haircut costs $29, there is still waaaaay too much inflation to be slayed.”
+++
2 Solutions and one suggestion.

1. Stop eating expensive crap.
Buy the ingredients and cook it yourself.

2. Go to WalMart
Buy an electric hair trimmer.
Shave your head.
Save on shampoo and haircuts.

Buy canned beans as gifts.
To honor me.

#120 Ponzius Pilatus on 10.02.22 at 9:25 pm

112 protea on 10.02.22 at 9:01 pm
Garth your article today has ignited all the weirdos to come out and scare the hell out of the rest of us. Wouldn’t an elitist group of British SAS and United States Navy SEALs be capable of putting Putin to bed once and for all.
————————-
You’re a good example of someone who’s watching too many Hollywood movies.

#121 AM in MN on 10.02.22 at 9:30 pm

#114 Tony on 10.02.22 at 8:56 pm
It’s supposed to be an honour to fight for your own country. Some of these Russians aren’t very patriotic. In the good old days they’d shoot deserters who didn’t fight. These deserters should be sentenced to years of hard labour. I think to myself what is the world coming to when people won’t even fight for their own country?

Russia is not being invaded. – Garth

————————————————–

The Ukrainians are fighting hard for their country, they are the ones who were invaded by the Russian Army.

Remember, in the long run, the side that tends to prevail in war is not the side people are willing to kill for, it’s the side people are willing to die for.

That’s why mercenary forces don’t win wars, only short battles with focused targets.

#122 crowdedelevatorfartz on 10.02.22 at 9:32 pm

@#114 Tony
“These deserters should be sentenced to years of hard labour.”
+++
That would create a problem in Russia since they are recruiting….prisoners.

+++++++

@#116 Pineapples
“Of course western commentators will not undestand all this.. they think only mass genocide of civilians is how you win wars because that’s how they’ve been doing it”

+++
Well.
They would have learned it from the last 22 years of Putin’s school of annihilation .
Chechnya, Grozny, bombed, blasted and ruined.

Oh and The Ukranian Donbas isnt “1/3 of the country’
.Its about 1/5 and even that “occipied ” territory is quickly shrinking.
Face it.
Putins own corruption and the top corrupt leaders still licking his boots….are in way over their heads.

Time for him to be replaced and Russia to beg Ukraine for peace….

:)

#123 Ken on 10.02.22 at 9:37 pm

#30 Mac

The ETF was issued in October of 2017 at an initial price of $20. At that time it would have invested its collected capital in its top 6 holdings. It yielded roughly 3.7% at the outset. It is now yielding roughly 5.0% based on that initial investment. I do not know the specifics, but I believe, not unlike closed mutual funds, no additional investment is made in the ETF. The original investment fluctuates based on the market. The present yield is reflective of present day dividends minus the small expense ratio and the fact that less than 100% is invested in the top 6 holdings (as of today 98.5% is invested in the holdings, probably leaving a small amount in cash that covers the expense ratio and monthly distributions that would not correspond to quarterly dividends).

#124 Ponzius Pilatus on 10.02.22 at 9:50 pm

FURZ reminds me of the kid who always pipes in when adults are speaking.

#125 yvr_lurker on 10.02.22 at 9:55 pm

# CEW
1. Stop eating expensive crap.
Buy the ingredients and cook it yourself.

2. Go to WalMart
Buy an electric hair trimmer.
Shave your head.
Save on shampoo and haircuts.

3. Buy canned beans as gifts.
——
am happy with 1. and 3. (3 is great for making lentil soup)… can’t do 2. as my imitation of Walter White is downright frightening….

To honor me.

#126 crowdedelevatorfartz on 10.02.22 at 9:58 pm

@#115 Amoeba
” Wouldn’t an elitist group of British SAS and United States Navy SEALs…”

+++
I hate to split cells my protean amigo…. but I believe the SAS and SEAL’s are “elite” squads…

Eventually , after they retire and go to “members only” squad reunions…..they could be considered “elitist”.

P.S. Several 1st World nations signed a secret agreement years ago that their leaders wouldn’t be targeted for assassination no matter how grievous their differences. Bad form and all that. eh wot?
I’m quite sure the security surrounding Putin is quite capably of protecting him.
Even still I wouldn’t want to be his “official food tester” since poisoning is a peculiarly Russian way of removing unpopular leaders.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiTlbTU-sL6AhXWBzQIHfF3C3UQFnoECCMQAQ&url=https%3A%2F%2Fwww.independent.co.uk%2Fnews%2Fworld%2Feurope%2Fvladimir-putin-employs-a-fulltime-food-taster-to-ensure-his-meals-aren-t-poisoned-9624380.html&usg=AOvVaw3JytTDht5GD-gVoZmXKUTf

#127 Flop… on 10.02.22 at 10:02 pm

Beauty, I get the day off.

I just looked at my Greaterfool collective bargaining agreement and it states clearly…

Section C.

Article C.3.

You are not required to do your 3 daily posts when the Armchair Generals in the comments section are having a military parade on the blog…

M48BC

#128 crowdedelevatorfartz on 10.02.22 at 10:07 pm

@#124 Ponzies Pedantic Platitudes.
“FURZ reminds me of the kid who always pipes in when adults are speaking.”

+++
Only when you’re drooling porridge and forget your own name…..

#129 Doug t on 10.02.22 at 10:11 pm

I don’t have to tell you things are bad. Everybody knows things are bad. It’s a depression. Everybody’s out of work or scared of losing their job. The dollar buys a nickel’s worth. Banks are going bust. Shopkeepers keep a gun under the counter. Punks are running wild in the street and there’s nobody anywhere who seems to know what to do, and there’s no end to it. We know the air is unfit to breathe and our food is unfit to eat, and we sit watching our TVs while some local newscaster tells us that today we had fifteen homicides and sixty-three violent crimes, as if that’s the way it’s supposed to be.

We know things are bad – worse than bad. They’re crazy. It’s like everything everywhere is going crazy, so we don’t go out anymore. We sit in the house, and slowly the world we are living in is getting smaller, and all we say is: ‘Please, at least leave us alone in our living rooms. Let me have my toaster and my TV and my steel-belted radials and I won’t say anything. Just leave us alone.’

Well, I’m not gonna leave you alone. I want you to get MAD! I don’t want you to protest. I don’t want you to riot – I don’t want you to write to your congressman, because I wouldn’t know what to tell you to write. I don’t know what to do about the depression and the inflation and the Russians and the crime in the street. All I know is that first you’ve got to get mad. (shouting) You’ve got to say: ‘I’m a human being, god-dammit! My life has value!’

So, I want you to get up now. I want all of you to get up out of your chairs. I want you to get up right now and go to the window. Open it, and stick your head out, and yell: ‘I’m as mad as hell, and I’m not gonna take this anymore!’

#130 DJT on 10.02.22 at 10:30 pm

BANNED

#131 45north on 10.02.22 at 10:39 pm

Some facts: Russia is losing the war.
Its army is a shadow of what people imagined it to be. Casualties may be 80,000 or more so far. Massive amounts of armour have been lost. The siege of Kyiv failed. The brave Ukes have reclaimed a big swath of territory. Two days ago a key city inside one of the areas Putin just claimed is now “part of Russia forever” was abandoned by his soldiers who fled. The aggressor nation is now calling up 300,000 conscripts, resulting in riots and jammed borders as citizens try to protest and exit. Yes, Russia is in trouble. This was an utterly stupid war, ill-conceived with no good outcome, badly fought, and has turned that country into a pariah state. After it turned off the gas to Europe nobody will ever trust it again as a credible supplier or trading partner. Russia’s losing bad.

some facts which the Russians know

#132 Russ on 10.02.22 at 10:40 pm

Flop… on 10.02.22 at 10:02 pm

Beauty, I get the day off.

I just looked at my Greaterfool collective bargaining agreement and it states clearly…

You are not required to do your 3 daily posts when the Armchair Generals in the comments section are having a military parade on the blog…

M48B
===================

Hey Flop,

Work day for me.
Double chump change Sunday :)

Cheers, R

———————————
—–
From yesterday
Flop… on 10.01.22 at 7:08 pm

So I looked into it a little, it seems like the most plausible places to shake things up a little on the island are Nanaimo or Victoria.

Nanaimo being the smaller of the two markets might be easier to focus on.

I’ve been asked on here before where to get information in real time for Vancouver Island, to my knowledge for the average pleb you have a minimum of a 2 month lag.

Anyway I went to my current source, they are showing sales information up to late July.

I clicked on a few listings, some went recently for exactly assessment value, some above, then I came across an anomaly.

I tugged on the thread and this is what I got.

551 Nova Street, Nanaimo, is assessed at 583k.

According to REW it sold on 15th of July for the much lower sum of $291k

I went to BC Assessment to confirm, they haven’t updated the information yet, which I always find weird.:
——————–

Boots on the ground report can confirm this is not a dump.

551 Nova St is a classic middle class worker, mid-70s split level house with nice stucco exterior (low maintenance).
It looks like you could move right in, level lot and good area, all levels of school and university village nearby.
Mom, Dad & 3 kids, no problem.
Replace the oil furnace/tank with a government funded heat pump and good to go.

Someone got a bargain… wish I had known.

Around the corner from there a much older place went for 485K last fall around this time. We talked with the “successful” buyer and they were proud to get it with a bully-bid.

Cheers, R

#133 45north on 10.02.22 at 10:40 pm

blobby Bit scary how many people posting here seem to get their information from Tucker though..

guilty as charged

#134 mike from mtl on 10.02.22 at 10:45 pm

#30 mac on 10.02.22 at 2:49 pm
Why is the dividend yield on Canadian bank stock etf RBNK quite a bit lower than the mean yield of the 6 banks that make up the etf??
//////////////////////////////////////////////////////////////

Because you’re paying a premium of >0.3 per cent to hold 6 common stocks which payout quarterly.

Yield figures are junk figures anyways.

#135 The Totally Unbiased, Highly Intelligent, Rational Observer on 10.02.22 at 11:11 pm

Strategy Summary

The Globalist Traitors would like to flood hundreds of millions of illegal immigrants into the USA through its southern border to take over that country and totally change it. They do not want anyone to strengthen the security of the USA’s border. The strategy is to invade and replace. Skip the hot war simply by outsmarting the current inhabitants of the USA with word games and mind games.

So, why is there such a big fuss about needing to defend militarily some territory in the Russian empire called Ukraine? Why meddle in the internal affairs of the Russian empire? Why do those who are so insanely opposed to the USA having strong borders want like crazy for some area like Ukraine in the Russian empire to have strong borders?

The Globalist Traitors would also like to increase Canada’s population from the current 36 million to 100 million, and not by having the current British settlers reproduce either. The strategy is to invade and replace. Skip the hot war simply by outsmarting the current inhabitants of Canada with word games and mind games.

What would be wrong with making some area like Ukraine a “post-national state,” and rewriting its official history, and changing its culture, and replacing its people? Also, why should its current inhabitants have any say in the matter?

If such a fate is good enough for countries like Canada and the USA, then surely it is more than good enough for some far away area like Ukraine somewhere in the Russian empire.

In fact, it looks like Russia is just reclaiming some Russian speaking areas of its empire. Russia is not trying to invade, or replace, or genocide the Ukrainian speaking people in the area. The Russians are not anywhere near as bad as the Globalist Traitors who are currently scheming and plotting to betray and destroy great countries like Canada and the USA.

This is why you were banned before and are banned again. You’re unhinged. – Garth

#136 Chas redfern on 10.02.22 at 11:42 pm

Since WW1, the hegemonic dominance of the “democratic” west has been predicated on economic growth driven by the US military industrial complex and spin off industries. By using up weapons stockpiles in Ukraine, the MIC can reflate the western economies and initiate a new 100 cycle of military led growth. Unfortunate but true.

#137 Stoph on 10.02.22 at 11:49 pm

#78 jack on 10.02.22 at 6:44 pm
@ #9 crowdedelevatorfartz

Now…how about some balance to your one sided post:

*********

Ukraine official spins mouse tale to highlight corruption

Second most corrupt in Europe
In 2019, Ukraine ranked 126th out of 180 countries in Transparency International’s Corruption Perceptions Index – making it the second most corrupt country in Europe after Russia.

https://www.bbc.co.uk/news/blogs-news-from-elsewhere-52921247.amp

——————————————-

… and Russia ranked 137.

https://images.transparencycdn.org/images/2019_CPI_Report_EN.pdf

#138 James on 10.03.22 at 7:57 am

Geez, barely 10% of all comments today are from the crowdedescalatorfecalmatter dude.

Whazzup bro – are you under depression, or on meds? C’mon, get your game back, you know this blog is all about you!

#139 crowdedelevatorfartz on 10.03.22 at 8:18 am

@#135 The totally biased, paranoid, unintelligent, irrational berserker.

“Russia is not trying to invade, or replace, or genocide the Ukrainian speaking people in the area.”

+++

Like the last time a ruthless, murderous, Russian dictator was in charge of Ukraine?

5 million dead? 10 million?

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwj9qfW2hMT6AhU2IzQIHQcjC60QFnoECAsQAQ&url=https%3A%2F%2Fen.wikipedia.org%2Fwiki%2FHolodomor&usg=AOvVaw0W3pOmMcAQngXAHOGIy7k5

Your selective, biased, paranoid vision of world events is only exceeded by your ignorance of actual, verifiable facts.
Keep digging deeper down the rabbit hole Alice.
Middle Earth beckons.

#140 Dharma Bum on 10.03.22 at 8:30 am

Garth,

Why are you scaring everybody with facts about issues that are actually real?

You are distracting everyone from the popular narrative propagated by Greta and her gullible minions that the biggest and most imminent threat facing the survival of humanity is …..CLIMATE CHANGE! Like, we’re all gonna die, maaaaannnnnn.

Is it maybe because the naive masses believe that the Trudeau carbon tax will immediately solve the problem?

Hah! Yah nevah know!

#141 Steven Rowlandson on 10.03.22 at 8:43 am

DELETED

#142 Terry on 10.03.22 at 8:47 am

The Fed meets today to talk about interest rates. It looks
like rate increases will be pausing and QE will be starting up again. Thats my bet. The world cannot take higher and higher interest rate increases.

https://www.federalreserve.gov/aboutthefed/boardmeetings/20221003closed.htm

#143 TurnerNation on 10.03.22 at 8:56 am

It’s true. The only “news” we will be fed is Climate and Corvid. Nothing else.
The Central Banks are on board – presiding over the orderly wind down of the First World.
‘Climate’ is code for global control over our Feeding, Breeding and Movement/Travel. 2020-21 was the test.

Europe’s learning, that “essential travel only” is here to stay. Inflation, man-made energy shortages. Precursor to QR code Carbon Credits?

https://www.federalreserve.gov/newsevents/pressreleases/other20220929a.htm
“Federal Reserve Board announces that six of the nation’s largest banks will participate in a pilot climate scenario analysis exercise designed to enhance the ability of supervisors and firms to measure and manage climate-related financial risks”

—— The RULES Are permanent in the Former First World Countries. So designed. Compliance Comrades.
Normalcy very soon right?? Smile!!

https://www.dw.com/en/new-german-covid-19-rules-go-into-force-as-infections-rise-in-colder-months/a-63305695
New German COVID-19 rules go into force as infections rise in colder months

#144 B&W on 10.03.22 at 9:01 am

#41 Nonplused

Grey issue being forced to fit into black or white.

It’s a popular business model for “leaders”.

#145 Love_The_Cottage on 10.03.22 at 9:10 am

There has been a bit of talk about EV’s here over the years. I agree with Toyota’s approach, I found this article interesting:

https://www.cnbc.com/2022/10/02/toyota-ceo-akio-toyoda-electric-vehicles-happy-dance.html?&qsearchterm=toyota

I drive a Toyota hybrid and to me a plug in hybrid makes a lot of sense over the next 20 years. Most of the advantages of electric with unlimited range.

#146 L/NDP/PC/CBC/Bank Cartel member on 10.03.22 at 9:16 am

@#66 AM in MN

“Thought maybe you were talking about the Lib/NDP/Red Tory/CBC/Banking Cartel here?”

Yeah, well, we are not really a cartel. More a secret society that meets at Garth’s house on Tuesdays for tacos to plot policy. This Tuesday there is a guest lecture on Gender ReAssignment surgery and how to get it funded. And this fall, the campaign to get George Soros a Nobel Prize.

Garth, on days like this, I worry about your mental health, having to read so much nonsense.

#147 Bingo Bango on 10.03.22 at 9:27 am

For one thing, it’s always a good time to buy solid dividend payers. Doing so increases your cash flow. Various companies pay monthly, quarterly, semi and annually, so buy every time the increasing cash floods in. Equities pay real cash into your acct, no deductions or draw downs.

Face facts, if Russia invaded Ontario to liberate us from Trudeau via a referendum, it couldn’t be a worse outcome than we have now. Cash flow in rubles or loons is really the same. So keep buying, BCE is solid gold. SU etc have been raising dividends double digits. Putin would approve.

I don’t where the bottom is, and I’m way smarter than you. But I do know the guy who runs things, his name is Gordon Gecko, the same guy who said “ Greed is Good”. 100% of the time historically these things end. There wouldn’t be any up if there wasn’t any down. Guys like Trudeau never last. Eventually people want to feed thier kids again.

#148 crowdedelevatorfartz on 10.03.22 at 9:32 am

Speaking of gas…..

https://vancouver.citynews.ca/2022/09/30/metro-vancouver-gas-pump-prices/

$2.41.9 baby!

Highest prices in North America!
We Win!

#149 earthboundmisfit on 10.03.22 at 10:17 am

Here’s hoping Putin’s demise bears a striking similarity to that of El Duce. Much more fitting than just being vaporized, or thrown off a 6th story balcony. Where is the Mossad when they’re needed?

Is there a defence industry ETF?

#150 Quintilian on 10.03.22 at 10:34 am

A polite way of putting it:
It’s a U turn

https://www.msn.com/en-ca/money/markets/british-pound-jumps-on-reports-uk-government-will-u-turn-on-cut-to-top-tax-rate/ar-AA12wDkB?ocid=finance-verthp-feeds&cvid=f8f1636d22c641caacc862aa57494bf0

“British pound jumps on reports UK government will U-turn on cut to top tax rate
It takes it back to the level it was at before Finance Minister Kwasi Kwarteng unveiled a raft of tax cuts on Sept. 23”

This is a real-life example of how the populists- mainly conservatives, are gradually losing influence by applying their carnival style tactics to only end up embarrassing themselves, and highlining their incompetence.

#151 crowdedelevatorfartz on 10.03.22 at 10:37 am

@#138 Jimbo
“C’mon, get your game back, you know this blog is all about you!”
+++
You have finally seen the light.
:)

#152 Observer on 10.03.22 at 10:43 am

#147 Bingo Bango on 10.03.22 at 9:27 am
Guys like Trudeau never last. Eventually people want to feed thier kids again.
^^^^^^^^^^^^^^

Are you saying that the child tax benefit (up to almost 7K per year per child) isn’t good enough?

#153 Ponzius Pilatus on 10.03.22 at 10:59 am

#148 crowdedelevatorfartz on 10.03.22 at 9:32 am
Speaking of gas…..

https://vancouver.citynews.ca/2022/09/30/metro-vancouver-gas-pump-prices/

$2.41.9 baby!

Highest prices in North America!
We Win!
—————-
Of course, we win.
In the near future people from all over North America will come and pay top tourist dollars to visit a forest and swim in a clear lake.

#154 Shawn on 10.03.22 at 11:00 am

Early Retirement Incentives Contribute to labour Shortages

#10 crowdedelevatorfartz on 10.02.22 at 1:26 pm responded

@#88 Shawn

“We created generous pensions to encourage early retirement. Whoops.”

+++
Only in govt.
Private sector rarely offers generous, inflation proof, medical benefit pensions.
Telus perhaps but with it’s strong union employee base, thats almost a quasi govt org.

*********************************
Well, of course the government sector is HUGE. Nurses, teachers, police, fireman, army, post office, all the government-owned power utilities, all the admin and management staff in all these areas and of course all those direct government employees federal plus provincial.

Most of these people have plans that encourage retirement well before age 65. There are even bizarre “magic number” formulas that provide extra incentives. The point is lots of these people can afford to retire by 60 or even earlier.

And it’s not only Telus in the private sector. Many private companies had DB plans. They may not be available to new employees but huge numbers in the waves of 60 year olds now retiring have DB plans.

I don’t know all the details but I would guess that Telus plus Rogers and Shaw and Bell all have DB plans for the older employers. Add in all the electrical utilities and natural gas distribution utilities and the older pipeline companies. So Enbridge and TransCanada. CN rail has a DB pension plans and I assume so does CP. All the major banks likely have DB plans for older workers (I don’t know for sure). Probably the big life and property insurance companies too.

Point is that vast numbers of people hitting around age 55 to 60 still have DB pensions and are incented to retire. And the income tax system does not give them much incentive to seek full or part-time work once collecting their pensions.

Nothing can be done about this now, but I just point out that if you incent people to retire early, don’t be surprised if they do. These programs were designed long before we got into a labour shortage situation.

On top of all this we have RRSPs and TFSAs whereby we give tax savings so people can build up money to retire early. What have we done? Whoops. Oh yes and CPP at age 60 if you want…

Harper wisely wanted to move Old Age pension to age 67 over time but it got reversed.

#155 Hank Scorpio on 10.03.22 at 11:28 am

That was a really good blog post.

That is all.

#156 Terry on 10.03.22 at 11:29 am

#142………….Hmmmmm…. look at the markets this morning. Someone knows something is about to happen. The front running continues. Another kick the can down the road episode is in the works. Glad I continued to pile in. Cha-Ching! Show me the money!

Life is good.

#157 Ponzius Pilatus on 10.03.22 at 11:31 am

#154 Shawn
Harper wisely wanted to move Old Age pension to age 67 over time but it got reversed.
———————
Harper was a no fun, all business PM.
I look at it this way:
If you start working at 20 and work until 65, that’s 45
long hard years ( unless you really like your job).
You pay a lot of taxes during that time, so let them go and have some fun for the last few years remaining.
And furthermore, the workforce needs an infusion of some young blood once in a while.

#158 NorthOf49 on 10.03.22 at 11:53 am

“The world order has changed.” This and the Berezin bit are the only things factual in this blog post. Your anti-Putin hype is just that, hype. Pax Americana is over and Europe will be paying the price. I just returned from 3 weeks visiting Spain, France and Italy and every person I spoke to has only one concern, that is that the war ends immediately regardless of which corrupt side takes possession of the four eastern oblasts. There is no support for Ukraine over Russia as people are only concerned about how they can afford to heat their homes and run their businesses and feed their families as natural gas prices reach astronomical levels. One pizza shop owner in Florence I spoke to said his gas bills rose 200% since March. He now spends an extra 3,000 Euros on gas per month. Others I spoke to in Molise have stopped using pellet stoves because the Canadian supplied pellets have surged 300% since last year. What I did see were many people having wagons of firewood delivered as they’re now resorting to old wood stoves and fireplaces so they don’t freeze this winter. You are very mistaken if you think anyone gives a rat about the credibility of Russia as a natural gas supplier. From what I saw and heard, if gas prices do not come down, it will be unavoidable for Europe to escape recession and people will be angry for leadership change.

#159 crowdedelevatorfartz on 10.03.22 at 12:00 pm

@#154 Shawn.
“Point is that vast numbers of people hitting around age 55 to 60 still have DB pensions and are incented to retire.”

+++

All the private companies you mentioned are unionized. have been for decades.
Hence the generous DB pensions.

Unions in the private sector have been falling since the 1950’s while unions in govt have been rising.

https://www150.statcan.gc.ca/n1/pub/14-28-0001/2020001/article/00016-eng.htm

In the past 25 years public sector unionized employees have dropped from 74% to 70 % of workers.
The PRIVATE sector unionized employees have dropped from 19% to 14% of workekers.

So no, there aren’t “lots” of DB pensions in the private sector as compared to the posh, taxpayers subsidized public sector.

#160 crowdedelevatorfartz on 10.03.22 at 12:09 pm

@#153 Ponzies Potential
“In the near future people from all over North America will come and pay top tourist dollars to visit a forest and swim in a clear lake.”
+++
Have you been outside the last 3 days Ponzie?
The forest fire smoke all over the Lower Brainland is like sitting 3 feet from a wet campfire.

https://vancouver.citynews.ca/2022/10/01/wildfire-minnekhada-ignites-coquitlam/

#161 Ponzius Pilatus on 10.03.22 at 12:25 pm

Fact:
FURZ hates Government Employees.
Imagine his reaction if he (by a small chance) goes to heaven.
And finds that Heaven is run by unionized former Government Employees.
Me thinks he’ll asked to be transferred to hell ASAP.

#162 Westcdn on 10.03.22 at 12:41 pm

Dang, it looks like I missed the short squeeze. Oh well, buying opportunities still lie ahead. FX maketd are sure volitile due mainly to the US Fed. Cracks are showing in the Global financial markets. Euro banks and pension funds are creaking. How strong is your stomach
Gold or cryto as a hedge to keep purchasing power? I like physical possession nut cryto doesn’t have the high transaction fee, storage or transport issues qnd is easier to convert to cash in your desired currency. However it is more vunerable to Government dictates. As long as Governments get their piece of the action, both gold and cryto will continue as fungible assets. Bad times to be passive unless bein a direct union government employee

PePe has guarentnnd they will not vote for him. Gppd luck to winning an Otta-owe riding as a conservative

#163 epic bear on 10.03.22 at 12:49 pm

U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases
A U.N. agency warns that further policy tightening risks a global economic downturn

https://www.wsj.com/articles/u-n-calls-on-fed-other-central-banks-to-halt-interest-rate-increases-11664809202

next… the Pope will ask for a Fed Pivot.

this is hilarious.

#164 @J on 10.03.22 at 12:55 pm

Timely blog post.

Elon just weighed into the debate…

https://mobile.twitter.com/elonmusk

#165 Shawn on 10.03.22 at 1:11 pm

Pensions and the lack of workers

CrowdedElevatorfartz responded:

So no, there aren’t “lots” of DB pensions in the private sector as compared to the posh, taxpayers subsidized public sector.

*******************************
That was not my point at all. My point was there is by far enough people on DB counting government and private to have taken a lot of people out of the workforce fairly early. Are their “lots” in the private sector? Depends on your definition of lots. 10% of 10 million is a million for example.

Until recently when a DB person retired early it had the benefit of opening up the job for a younger person. Now it just adds to the labour shortage. New hires often don’t get the DB. Pensions and especially those pensions that encourage early retirement at 55 or 60 are giving a bad incentive at this time. Hurting the economy. Causing a shortage of nurses for example.

#166 crowdedelevatorfartz on 10.03.22 at 1:35 pm

@#161 Ponzies political pals
“is run by unionized former Government Employees.’

+++
I think you have just described …Hell.

#167 mike from mtl on 10.03.22 at 1:36 pm

#149 earthboundmisfit on 10.03.22 at 10:17 am
……
Is there a defence industry ETF?
////////////////////////////////////////////////////////////////

You bet!

ITA
XAR

XLI alternatively holds many of their periphery corps like MMM, GE, BA.

#168 jess on 10.03.22 at 2:01 pm

WAS worth 163m
… over alleged large scale theft in Kazakhtelecom,

said that owners of railway-related companies under Satybaldy’s rule, and with the help of state officials, made multi-billion profits by unjustifiably raising road access prices at the expense of everyday citizens.

https://www.occrp.org/en/daily/16828-kazakhstan-ex-president-s-nephew-sentenced-to-6-years-over-embezzlement

Graham Barrow, a U.K.-based anti-financial crime consultant, said that banks have a particular responsibility to vet clients who have links to governments accused of corruption, or who have been accused of corruption themselves.

“Everyone should have some access to the banking system. … What you should not be able to do is use the banking system to introduce corruptly acquired wealth and legitimize it,” he said. “Ultimately it is impossible to tell what is the legitimate bit and what is the dirty bit.”
=================

New US company owner database ‘taking way too long’ to implement, experts warn

After ICIJ’s FinCEN Files investigation, transparency advocates cheered a new law mandating a beneficial ownership register in the U.S. Two years later, experts are expressing serious concerns.
By Spencer Woodman
Image: Buzzfeed / ICIJ
September 20, 2022

https://www.icij.org/investigations/fincen-files/new-us-company-owner-database-taking-way-too-long-to-implement-experts-warn/

Police raided 10 locations, seized more than 100 smartphones and computers, and froze an equivalent of about $40 million.
https://www.occrp.org/en/daily/16826-china-arrests-93-members-of-a-criminal-group-over-alleged-5-6b-crypto-fraud
According to the statement, the Chinese police accuse the group of buying cryptocurrencies with illicit funds since at least 2018. Once the dirty money obtained from telecom fraud schemes and gambling was with the cybercriminals, they converted it preferably to U.S. dollars and later sent it to other receivers via domestic and overseas accounts in countries with little government oversight. Authorities have recovered only a million dollars of the stolen money.

The alleged head of this criminal group Hong Mou is believed to be behind more than 300 cases of telecom fraud.

According to the 2022 Crypto Crime Report by Chainalysis, cybercriminals move their ill-gotten funds to a service where they can be kept safe from the authorities and eventually converted to cash.

#169 Observer on 10.03.22 at 2:01 pm

#154 Shawn
Harper wisely wanted to move Old Age pension to age 67 over time but it got reversed.
———————

My understanding is that it got reversed back to age 67 by Liberal government which will be phased in starting January 2023.

#170 Steven Rowlandson on 10.03.22 at 2:07 pm

The End?

The end is the beginning. There is always something that comes after the end. There are going to be survivors and opportunities to be had but there is no assurance that there will be continuity of everything you have come to know. Political and financial myths and practices might end after being condemned as criminal due to misdeeds done before the so-called end.
The completion of dynastic cycles tends to be messy.

Historical Cycles: Are we doomed to repeat the past?
https://youtu.be/9w6QYPzF2TI?list=PLtAkvJkQxoy1OI4-6znpLRtwkk-8lpedz&t=7

#171 Father's Daughter on 10.03.22 at 2:10 pm

158 NorthOf49 on 10.03.22 at 11:53 am
There is no support for Ukraine over Russia as people are only concerned about how they can afford to heat their homes and run their businesses and feed their families as natural gas prices reach astronomical levels. One pizza shop owner in Florence I spoke to said his gas bills rose 200% since March. He now spends an extra 3,000 Euros on gas per month. Others I spoke to in Molise have stopped using pellet stoves because the Canadian supplied pellets have surged 300% since last year. What I did see were many people having wagons of firewood delivered as they’re now resorting to old wood stoves and fireplaces so they don’t freeze this winter. You are very mistaken if you think anyone gives a rat about the credibility of Russia as a natural gas supplier. From what I saw and heard, if gas prices do not come down, it will be unavoidable for Europe to escape recession and people will be angry for leadership change.
——————————————————————
I can’t even imagine what it’s like in Europe, as everyone I know here is already freaking out about how they are going to pay their energy bills. The trend of the year is going to be downsizing. McMansions – forget about it. You have to insure it and heat it. My in-laws in Vancouver quite simply cannot afford to heat their spacious detached house. Freeze, or sell.

#172 jess on 10.03.22 at 2:44 pm

SMITH

What solutions were they studying?

DEMBICKI

There’s a document from 1993 that was one of the most alarming that I saw in the entire course of doing research for this. Basically, in the early ’90s, climate change was just starting to become a publicly known issue, but it was very ill-defined so people didn’t really know what to think of it.

So Imperial Oil decided to model a bunch of different potential solutions for climate change internally so it would know how to respond. Imperial studied a bunch of different solutions… [and] determined that if there was this price on carbon emissions across the whole economy, this could actually have a really big positive impact on fighting climate change. And then, this part, which was not known before and it was just included in a few footnotes in Imperial’s research, was that in the early days of bringing in such a policy, there would be an economic hit mostly through oil refineries and stuff being closed down.

But Imperial actually determined that all of the tax revenue from a carbon price would create this huge amount of money that governments could then spend on green infrastructure and other forms of climate stimulus. And this would actually have a positive impact on the economy.

I was just floored by that because it’s like, decades and decades ago, Imperial basically acknowledges that you could do a big part in fixing climate change, and it actually wouldn’t hurt the economy at all, it would probably be good for it. It would just be bad for Imperial Oil, and the oil sands. In this document in 1993, Imperial Oil came up with a confidential plan to misrepresent its own research to policymakers and government and media. There were all of these talking points emphasizing the uncertainty of climate solutions, how it would be bad for the economy, it would hurt international competitiveness. At this very early stage, when we could have made a big impact in fighting the climate emergency, Imperial had already planted these seeds of sabotage and denial…”

Exxon Could Have Helped Stop Climate Change 30 Years Ago, ‘Proprietary’ Docs Show
Instead the company’s Canadian arm developed a communications plan to make climate solutions like carbon taxes look economically reckless.
Geoff Dembicki
By Geoff Dembicki
onSep 20, 2022 @ 03:00 PDT

https://www.desmog.com/2022/09/20/petroleum-papers-geoff-dembicki-oil-sands-canada-exxon-imperial-syncrude-climate-denial/

#173 millmech on 10.03.22 at 3:08 pm

#165
Why would anyone want to get into nursing now, look at how they were treated during the pandemic, they were ostracized by our society. I know that they were made to worked overtime and then their children suffered because no one wanted them to be around them lest they get the sneeze, if you went out in public in scrubs you were treated like Typhoid Mary.
Banks and stores had “special hours” for them as the regular clients and employees were terrified of being anywhere near them.
I have relatives who have moved onto new and more rewarding careers after burning out in nursing and will never go back and tell anyone who listens how bad they got treated as “Heros”.

#174 IHCTD9 on 10.03.22 at 4:23 pm

The Prepper channels on YouTube are having a field day with this stuff.

Oh, and I’m keeping the Grizzly now in case I have to bug out.

#175 Steel City Kid on 10.03.22 at 5:16 pm

The End of the blog? I sure hope not. Missing my daily dose of wit, wisdom and free financial advice. Hope all is well, Garth.

#176 The Guillotine is God on 10.03.22 at 7:44 pm

I might be more concerned about the likely implosion of Credit Suisse than any hot nuclear bomb. The amount of toxic derivatives that magically appear (when forensic accountants can’t seem to find them beforehand) when rates rise will boggle the mind. There are only a fraction of tangible assets that will be available to settle against imploding derivative contracts. Massive bankruptcies would be the real risk here.

#177 David Greene on 10.03.22 at 8:30 pm

Meh. I prefer Sting’s song “I hope the Russians love their chiildren too”. Better music, intelligent lyrics.

===================================
#112 Pylot Project on 10.02.22 at 8:52 pm

@Wrk.dover

Two Tribes – Frankie Goes To Hollywood
Land Of Confusion – Genesis and/or Disturbed

Good memories

#178 Steven Rowlandson on 10.03.22 at 8:56 pm

The people that run the west will push their agenda until there is no order in the world. The basic problem is that they don’t have any restraint to their bad behavior, and they have gotten away with too much to think they need to restrain themselves. They will openly go to war with Russia as the aggressor and claim its Russia’s fault and to put a stop to it the Russians will have to turn those brass keys and launch everything they have at the western nations.

#179 Bingo Bango on 10.03.22 at 9:20 pm

#152 Observer

Trudeau kills your job/business then sends you a $7K cheque makes no sense as replacing a $60k job with a $7 k welfare cheque is still Trudeau starving your kids

#180 Who am I on 10.03.22 at 10:54 pm

To say Putin is losing the war, or going to drop a-bomb while sitting in small town Canada, Greaterfools must be having a hot line with KGB! In fact, the ground reality supports an outcome which is exactly the opposite. That is exactly why US/ NATO is amping up the Nuclear chatter.
After reading a come of childish comments about war/ Putin, here are my observations. For the context, I come from one of the most populated countries from the East, having visited South Asia, East Asia, Europe, America, not as a tourist but to work. Still to do Africa and South America. Why is it difficult to comprehend why and what of Putin is doing? The root is, a common trait of ppl born and raised in western world (regardless of race) to brand non Western countries (Russia included) as “they know nothing”, “what do they know about war”, “savages”, “corrupt”, “non democratic”, “backward” etc. etc. To really understand why Putin waged the war now and why he is getting support from so called 2nd/3rd/4th world, look at collective West’s colonial history since 16th century until the latest exit from Afghanistan. We see Putin as a strong, sane and logical person standing up to the colonial west. Interestingly, we believe, West wanted this the war and ignited and fueling it, at the expense of Ukraine. The pain, economic impact of colonial hardship, loot, murders, cultural geocide (hello, Residential Schools!) is just too deep to forget and sometimes forgive. In the Eastern world, we know, if Russia falls, next target is China and then India. So for Asia it is a battle for survival against modern day colonizers.
Before writing angry replies to my post/ not publishing…please educate yourself, introspect.
Do a casual search of “Bengal famine”, where Winston Churchill’s “legendary” leadership engineered famine killed 3 million Bengalis during WWII. Near extinction of Native Americans, several campaigns against African tribes, Portuguese inquisition, Opium wars, Spanish Conquest. The list is unending.

#181 Steven Rowlandson on 10.04.22 at 8:05 am

“Inflation and higher interest rates become a fixture as the supply chain stays disrupted and government spending augments to handle defence and alternative energy, given Russia’s new status as a rogue, destined-to-fail state.”

A classic case of projection. The tribe does it regularly but it seems the peoples under their influence and dominion have indeed got the knack of it.

#182 crowdedelevatorfartz on 10.04.22 at 8:40 am

@#180 You are Communist
“The list is unending.”
+++
Yes it is.
Stalin’s purges 20 to 30 million.
Mao’s purges 60 -100 million.
Pol Pot 2 -5 million dead.
Africa, Arabia, on and on the corruption and starvation goes.
If democracy is so bad why are all the refugee fleeing their post colonial, corrupt, murderous dictators?

Why are thousands of Russian men fleeing Vlad?

I’ll take “colonialist” democracy in all it’s dirty laundry over the “utopia” of a communist regime every day of the week.
Go spew your colonialism bad, communism good.. drivel elsewhere.

#183 No Fool on 10.04.22 at 9:30 am

Australia central bank just broadcast to the world they have inflation under control. Zoom zoom to the bears.

#184 Who am I on 10.04.22 at 3:31 pm

@#crowdedelevatorfartz

Don’t put words in my mouth. Read my post again…never said communism is good. That model failed. Never said, this war is democracy vs communism.

Actually, your post proves my point and observation about western population (w/ some exceptions) in the post. Live where you feel happy.