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Aristides

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Everything posted by Aristides

  1. As the article says, it depends on the severity of the crime. A DUI 20 years ago can get you disqualified because it is a criminal offence in Canada.
  2. In 2023/24, Marine Atlantic got 192 million in federal subsidies. BC ferries got 35.6 million. I really don't like the idea of buying Chinese either but there are financial realities. Korea builds lots of ships if we must buy Asian.
  3. Sure, let me know when it happens. Until then, BC is the only province exporting oil or gas to anywhere other than the US.
  4. Ya, that's always what they tell you to justify tax cuts for the most wealthy. Some people never learn. You are supporting your consumption on borrowed money. https://www.investopedia.com/gdp-growth-by-president-8604042
  5. Well if it does, your debt will become a huge problem for you. Far larger than it is now.
  6. The world will find one and it won't ask for your permission.
  7. BC already has a pipeline to tide water carrying over 800,000 barrels a day. It also has a natural gas pipeline and LNG plant exporting gas. The East has done SFA to facilitate exports so until it does, put a sock in it.
  8. Your interest rates have to be higher to attract investors because they see more risk. Like many, I have a fair amount of my portfolio in USD investments but I have told my adviser that I'm not interested in increasing my exposure. Certainly not when Trump is threatening things like 50% withholding on foreign investors. The man is just too unpredictable to have any confidence in putting money into the US. Debt servicing is your #2 expense after social security, eventually 100% of your tax revenue will go into servicing debt. No investor will want your paper when that happens. They are shying away from it already.
  9. So why is your dollar declining even though your interest rates are higher? The USD is increasingly being seen as unstable. World markets will decide the trustworthiness of the USD, not MAGATS. There doesn't have to be a single currency to replace the USD as a safe haven, it can be several as long as they are seen as more stable.
  10. Only as long as the rest of the world has confidence in your dollar, which has taken a beating against other world currencies since Trump took office. It is even down 10 cents on the Canadian dollar in spite of your five year bond paying 1.5% more than a Canadian 5 year. Why would I buy anything in USD when you currency's value is dropping? I would have to factor in the devaluation to any return I might be making. If Trump hits foreign investors with a big withholding on capital gains and dividends, no foreign money will be coming to the US.
  11. US debt to GDP is 120% and the Great Big Beautiful Bill will drive it up to over 130%. Debt servicing is now your governments second biggest expenditure. You are only solvent as long as someone is willing to buy your debt. Who would want to join that house of cards.
  12. As stated, there has been no pipeline plan put forward and there is still a federal tanker ban on the north coast. So far it is just an Alberta want with no plan.
  13. https://www.cbsnews.com/news/illegal-immigrants-us-jobs-economy-farm-workers-taxes/ It's depressing how many Canadians are so quick to shit on their own country without bothering to ask why American producers can operate with lower prices.
  14. The import quotas were negotiated by Trump in the last FTA. Tariffs are charged on US product above those quotas. There no tariffs on Canadian product above the quotas because they are outright banned from entering the US. US exports to Canada have never reached those quotas and Canada imports almost twice as much dairy from the US than it exports to the US. Our quota system ensures user pay, Canadian farmers receive no subsidies from government.
  15. You might want to grow some yourself. It’s like debating a chameleon.
  16. I never said anything of the sort. Trump has banned travel from these countries and now he wants to use them as his garbage can. The court order forbade their deportation pending a decision whether they would be in danger of death or torture if sent and they were entitled to legal representation to argue their case.
  17. Not changing anything. I said several posts ago that Trump was using the political chaos in these countries to use them as a dumping ground. If these people are as bad as you say, why would anyone else want them.
  18. Maybe read the whole article. It says exactly what I have said. Trump is taking advantage of the political chaos in these countries to use them as a dump.
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