Jump to content

cannuck

Member
  • Posts

    2,503
  • Joined

  • Last visited

  • Days Won

    15

Everything posted by cannuck

  1. You seem to have a complete lack of ability to read carefully. I said UP TO start of production. Also, me investing a hun in MY business is not speculative, it is capitalism. YOU gambling on and banks manipulating the value of equities or far worse synthetic instruments is what I refer to as Casino Capitalism as it has literally NOTHING to do with my balance sheet. Since I finance 5 companies in 3 countries, answer to 700 shareholders in one and have been deeply involved in what moves prices of a NASDAQ traded company as well as an executive of some obviously very conservative political parties I don't think anyone with a half a brain would call me a "lefty" - unless of course they made their livelihood of participating the the financial scams of Casino Capitalism that suck the very life out of the real economy.
  2. I could go on to the blatantly obvious error in every one of your points, but you seem to have no interest in understanding how economies actually work, so I will keep it down to one. Tesla is indeed making cars, and, if you can believe their highly questionable accounting making some profit. BUT that is nickles and dimes to the money made on speculative gain on startup. The "market value" of Tesla was greater than all of the Big Three combined - against a negative book value. The profits from pure speculation is in the THOUSANDS of times book value. And that to the point of profitability created ZERO weath. Same goes for all of the other "Casino is good" bullshit.
  3. That is not exactly true. Wealth distribution is NOT wealth creation. You can only create wealth by adding value to a resource or performing a service in support of same. We long ago went down Wall Street's path and switched our "economy" to one that rewards the least productive among us the most - generally through not just allowing, but PROMOTING speculative gain - a function that produces no wealth but does increase the money supply. That is purely inflationary, so the benefits enjoyed by the speculators are distinctly at the expense of the general population. Everyone may see their numbers go up, but the switch from a productive economy to a speculative on can cost a lot more in purchasing power. If you need a simple example: tell me how an average family is going to afford a single unit dwelling in Toronto or Vancouver. We worship speculation at the cost of productivity and sustainability. Coming out of the '30s the economies of Canada and USA were built by entrepreneurs, businessmen and industrialists by creating wealth. Easy to do when our global competitors were being bombed into rubble - and we were making the weapons to do so. Canada has always profited from exploitation of our massive resource base, but we also devoted our -30s to '60s economy to productive value added business. Sadly: the Eastern stranglehold on power and control latched onto building cars mostly in Ontario (at the start of NAFTA 70% if all trade between the largest trading partners on the planet - Can and USA - had developed under the Auto Pact (where Canada was a clear winner). It also seized on the idea of giving unbelievable and unsustainable benefits to Quebec - at the expense of many, many other businesses in ROC that would not even get the opportunity to compete. The trouble comes when you have to figure out where the investment capital needed by Main Street (where virtually ALL wealth is created) has gone we see that it is all on Bay Street and Wall Street where speculative gains can be produced at 10x, 100x or even 1000x market value by playing speculative games. How does a real business able to at best produce a 10% dividend compete with sugar plum fairy promises of orders of magnitude gains from money used in Casino Capitalism? By funding finance with bets on speculative gain we have defunded the entire mechanisms of the economy that creates all wealth. Worth noting: this is NOT something that either end of the partisan spectrum champions in opposition to the other - finance and banks now run the economies of both countries, not business and sure as Hell not some informed political movement.
  4. Sorry not to have mentioned this in my earlier reply to your post: You need to know the history of what the government and courts have done and continue to do to citizens who don't toe the Uniparty line (dictated by institutions). Find out what happened to Andy McMecen when he LEGALLY defied the authority of the Canadian Wheat Board. The government and courts assaulted his farm, his income, his financial property and courts adjudicated that even though he was charged with a crime (taking his own truck) when NO illegal act had been committed (clearly stated in Justice Ross Whimmer's summary) and put him in jail - visiting daily to tell him he could be released as soon as he disavowed his relationship with the group "Farmers for Justice". ALL of this quickly forgotten part of our history clearly violates anything and almost everything in the 1960 bill of rights and 1982 so-called "Charter of Freedoms and Rights". The truckers' fates were simply too loud and visible to be forgotten, but the precedent that WE HAVE NO SUCH FREEDOM AND RIGHTS was clearly demonstrated by Ralph Goodale's assault on Andy's rights, freedoms and property (the latter carefully left out of Big Turd's declaration) to attempt to keep the CWB alive and deny Western farmers of their rights to buy, grow and sell their own crops.
  5. You said no such thing, I provided you with a historical fact that there has been. Secondly: if we actually HAD any kind of personal rights and freedoms there is no way our so-called "government" could have done what they did to the protesters who didn't to the woke line. The laughable "charter" written by the Big Turd and Roy Romanow specifically avoided protection of your property - and Little Turd showed us why.
  6. It is both amusing and interesting how the screwups of the Liberals are no longer being blamed on Harper, but the President Elect of a foreign nation. Our problems are 100% ignorant voters.
  7. I hope you meant that as sarcasm. Or did you forget Crise d'Octobre? My Father and Father-in-law left our base in the West for Montreal to be exactly that: armed enforcement of military law under the War Measures Act. The Big Turd is the only PM in the Empire to have declared war on his own country. As far as buy-back weapons going to Ukraine: only a total fool would suggest such idiocy. The logistics of supporting a myriad of different sporting rifles with non-NATO ammunition is simply ridiculous (this expressed by my Son-in-law, a retired infantry brigade officer).
  8. Christi Freespend is NOT the Little Turd's last defender, Jughead is. He will do anything to reach the lifetime guaranteed Rolexes-for-life income pension cutoff. As disgusting as anyone who would rack up a trillion dollars of debt might seem to be, remember that they were voted in by our electorate.
  9. You clearly have not had any discourse from anyone who has to deal with him. He is the most embarrassing leaders we have ever had. Nothing but pure drivel spews from his flapping yap. I put him on the same level as Trump - only the Little Turd is spending MY grand children's future, so a much worse problem to us. PLEASE back off of this worship of your Havana Hero.
  10. Have you lost your mind????? EVERY one of those that successfully sneaks into the USA is out of our hair. Shit, I will GLADLY buy their bus tickets. Uncontrolled immigration from completely incompatible cultures IMHO is actually Canada's #1 problem at this time.
  11. They are a perfect pair of bookends - both incredibly arrogant and incredibly ignorant.
  12. She has been in our associates' Toronto offices several times before being elected. She is no stranger to any of us, and someone we greatly admire for her academic and professional background.
  13. THAT should be patently obvious. Ask anyone who has dealt with either of them, and you would know in a flash by process of elimination. Ask anyone who has dealt with BOTH of them, and you would probably get a smack up the side of the head for asking such an obvious question.
  14. When I read or hear people parroting the 50 lb. or 50Kg or whatever of fentanyl being seized at the Can/US border as some indication of success, I go back to LMFAO. It's success, alright - success at moving almost ALL of the traffic without being apprehended. Half the economy of the BC lower mainland is the drug industry that feeds the Yankee addiction. Why do you think the recent discovery of a massive international production lab facility was barely an eyebrow raiser in the region? Let's not forget Trump's job is to worry about HIS country, not ours, not Mexico. The largest impediment to moving forward is that one of the three leaders involved is extremely intellectually gifted, whereas the other two would struggle to rise to the task of being a WalMart greeter.
  15. OK, let's assume they are intended to be an economic protective measure. It could be a disaster for some segments of our more resource based economy - and it will be interesting if it is applied to petroleum as the US depends upon a lot of Canadian oil and gas (the world's largest pipeline system takes 7 out of AB then 5 of them turn at Winnipeg and go directly to Chicago). Over the last 60 or so years Canadian governments of EVERY party, fed & provincial have done little to stem the failure of every value added industry except automotive (and even that has fallen apart) and defense production - that is one of the bottomless pits of tax money thrown at Quebec to try to keep them in. If such tariffs hurt Canada (and they surely will) they will to some extent benefit the protected US businesses (as the author predicts) but to even suggest that US production costs could be competitive with Canada at $0.72/us, Mexico at far less and China with essentially unregulated and unenforced laws around wages, environmental damage, resource depletion, etc. is laughable. All of the money that built China in 30 years from zero to the 2nd (or 1st) largest economy on the planet came directly from US and EU pockets - neither of which can compete with China as no such thing as a "level playing field" exists - thus IMHO trade restrictions and barriers are fair play. We will get caught in the squeeze because we have focused on only singular parts of our economy - leaving everything outside of ON/PQ as hewers of wood and drawers of water.
  16. Excuse me for a minute while I am LMFAO. First of all, the Trump Tariffs are not some economic protective measure, they are a penalty on the 2 totally irresponsible countries that have completely miss-managed transmigration and drug traffic through their hopelessly porous borders. The economic analysis is truly amazing. The author writes about productivity and other irrelevant stuff without her entire "profession" (and is that ever a stretch) completely ignores banking and finance siphoning off not billions but TRILLIONS with the speculative economy - that creates absolutely zero wealth. That is a battle Trump will never fight as he is one of the alligators in that infamous swamp.
  17. My bad. Didn't check the link https://www.investopedia.com/news/26-goldman-sachs-alumni-who-run-world-gs/
  18. Have to admire the depth of intellectual gift you bring to the discussion. https://www.investopedia.com/news/26-goldman-sachs-alumni-who-run-world-gs/c An article simple enough for even you to understand?
  19. Again, you have been sucked in by the Uniparty. Repigs and Dummycrats don't run the country, Goldman Sucks does.
  20. I have so enjoyed watching lefty heads explode from the Oval Office, Senate and House triumverate I wish it would never stop....and to some extent, it won't. Thing is: the Uniparty is delighted to have everyone focused and split over partisan BS so they can continue to rape and pillage taxpayers present and many decades into the future as they continue to fill their pockets. The notion that the US economy was, is or ever will be great again is similarly ridiculous. $35 trillion of Federal debt alone means the average family of four is out about $340,000 for that debt alone. The productive economy has almost totally collapsed - replaced by a speculative and "service" economy that produces no wealth but inflates the money supply resulting in runaway inflation - some realized but much still latent. You can't run a country on baseball players, drug trading, lawsuits, holidays, hobbies, government bureaucracy, unions holding everyone to ransome, etc. Somebody....closer to everybody....needs to actually do and REWARD productive work. Instead we now reward the least productive the most. And do you hear Trump, Biden, Camel Hair, Kennedy or any other politician speak of such things? At least the MAGA lot will double down on the immigration mess created by the Dummycrats. Beyond that: Trump can not drain the swamp, since hi is indeed one of the alligators.
  21. ALL of those things have already happened. The Little Turd didn't help stem the tide.
  22. A year ago I was on the fence, as I can understand how both sides have genuine claims to sovereignty and the land going back 3,000 years. However, watching Iranian funded terrorists continue to hide behind he skirts of women and toys of children - resulting in the very predictable death of same I find inexcusably deplorable. When Iranian terrorists can stand on their own and fight like men I will re-consider. What REALLY bothers me is how effectively Iran has infiltrated UN and other agencies to sit by and watch billions of dollars of weapons accumulate in civilian neighbourhoods -and say nothing and do nothing. I long ago learned that such things happen by the instigators (i.e. Iranian front organizations) paying said people to either turn their head or lend a hand. They have turned the funding mechanisms put in place to allow civilians to survive into materiel resources for their terrorist organizations (as what they are and what they do is far below what would allow me to call them "military"). They are the most disgusting kind of coward possible. On top of that the ineptitude and lack of sincerity of the media to seek and expose the truth is disgusting. I suspect in the latter case, once more one must "follow the gold" and see where the buck actually stops.
  23. Across Canada there are already a variety of mixed delivery routes. Common in Yurp. This is all for sick care. We don't do health care because there is no money in it for Big Pharma, big insurance, medical practices and unions. The sick care medical system is pretty much run by the same people who espouse the status quo of drug dealing.
  24. You are going to the wrong doctor. Look for someone who advertises that they are trained in and practice integrative medicine. In conventional education, and MD only receives a few hours of training on nutrition and diet, and most of that is (or at least was) related to scurvy, rickets, beriberi, pallagra, etc. NONE related to arthritis, cancer, or any of the myriad of diseases that make big pharma billions every day.
  25. Yes, demands have grown (adding a couple million mouths to feed will do that) but on the wind side, the tech has NOT in ANY way "matured". Direct subsidies have been somewhat displaced by the totally artificial BS of trading carbon credits. Until someone deals with the HUGE issue of the mountain of non-reusable, non-recyclable waste blades spewing out of these ultra high maintenance, ultra high cost POSs no sane, intelligent being could condone their existance.
×
×
  • Create New...