The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - 50 Year Mortgages and Grandpas Going Back to Work! | Sip and Rip 003

Episode Date: November 9, 2025

FRIENDS AND ENEMIESIn this week's Sip and Rip:- 50 Year Mortgages- Ontario Schools Teaching Islam- Canadian Jobs Numbers- Canadian Budget Conversation- Is the IRCC Fudging Numbers?- Universal Basic Income? Maybe?Sponsors:easyDNS - https://easydns.com EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. With DomainSure and EasyMail, you'll sleep soundly knowing your domain, email and information are private and protected. You can even pay for your services with Bitcoin! Apply coupon code 'CBPMEDIA' for 50% off initial purchase Bull Bitcoin - ⁠⁠https://mission.bullbitcoin.com/cbp⁠⁠ The CBP recommends Bull Bitcoin for all your BTC needs. There's never been a quicker, simpler, way to acquire Bitcoin. Use the link above for 25% off fees FOR LIFE, and start stacking today.256Heat -⁠ https://256heat.com/ ⁠ GET PAID TO HEAT YOUR HOUSE with 256 Heat. Whether you're heating your home, garage, office or rental, use a 256Heat unit and get paid MORE BITCOIN than it costs to run the unit. Book a call with a hashrate heating consultant today.

Good morning, friends and enemies. Sip and Rip. Number three, this is November 9th, snowing today, southern Ontario. This is William Daniels. You may remember this guy from Boy Meets World. He was Mr. Feeney, everyone's favorite principal. There's probably a couple of ones, Mr. Belding's up there. but Feeney was a favorite of mine.

You were born in the 80s or 90s. You remember Boy Meets World on Friday nights. It was part of the TGIF lineup, I believe. Mr. Feeney's 90s been married to the same woman for 75 years. Incredible. So Bonnie's also a lucky lady. Why are we talking about Mr. Feeney? Well, I'll tell you in a second.

First of all, the sponsors, EasyDNS, Gold Bitcoin, 256 heat. Mark's got your back over at EasyDNS. If you want to do anything with your domain, buy domain, host domain, whatever. He's got you, some VPS stuff, lots of security options. there go over use code cpp media bull bitcoin where you can buy sell and pay your bills if you use the code cvp to sign up you get 25% off your fees can't beat that and then of course 256 heat i am heating with hash right now you can't even hear it but it is hot in here and like i said snowing today

it's so important uh to stay warm 256 heat dot com telling me saying you get a bit of a discount okay so william daniels mr fini why are we talking about it because he would probably still be paying mortgage if he was on a 50 year banger from Donald Trump obviously announcing some new what he is calling affordability measures for mortgages expanding amortizations out to 50 years Dodd-Frank in 2008 prevented this from becoming the norm and reduce the I think I don't want to say the maximum because I'm not sure but the standard to the 30-year mortgage that we're so familiar with here and in the states obviously you can't have people taking on this much debt for this long. It's a bad idea. We saw a crisis stem from this already. But here we

are. You know, it's not fair to say that this is a not a, it's not fair to say this is a good policy because on our show and other shows, we laughed at the Trudeau liberal government under, I think, the leadership of Minister Freeland, there was talk of something similar that we were going to do expanded AMs on mortgages to make things, quote, unquote, more affordable. It obviously doesn't make things more affordable and you end up being a slave to debt for your whole life. And there's some numbers here on 500,000 year, $500,000 mortgage. If you look at 30 year fix, you're talking about about 2550 in P&I, principal and interest. 40 year P&I is 2363 a month and then 50 year P&I is 2277.

So it's like 300 bucks savings maybe, but you're paying a ton more interest over the course of that period. And while it is true that if you put the savings in the S&P, I, you know, I've done this. I've extended my AM out back. to 30 years. I think 50 is probably a bit too long. You're talking about a whole life of debt servitude basically to the bank and a chance that if you buy a 38 years old, which is the average home buyer price or age in America, I'm not sure what it is here, probably around the same. If you buy at that age, the likelihood that you die while still owing on the house is basically 100%. So this is interesting stuff that it's being floated in the States and supported by

Pulte, who I think is his housing guy. I'm not sure exactly what his role is, but he's been vocal on Twitter over the last little while. Oh, there is, Director of Federal Housing. You might remember if you're a Bitcoiner, this is the same guy who, I think a month ago, two months ago, put out the tweet about how crypto and Bitcoin need to be recognized as part of down payments for houses. So obviously some interest here, no pun intended, in increasing the number of people under

a certain age you can afford a house based on the principle. interest payments. How do you do that? You extend out. And there's some stuff here about Dodd-Frank, if you want to read it. This was something else before. What was this page? Ah, yes, UBI. So this is UBI. I just tweeted Floyd Marinuscu about this. And I'm starting to come around a bit to the idea of UB something. Though I'm not sure printing money and giving it out is the way to go. Obviously, there's a UBI bill in second reading now. So we'll probably see some form of this at some point, whether you like it or not. Let's talk for a second about this.

Jobs are eroding all over the country, which we'll discuss on this program in a second. But the idea that you have meaningful work for a lifetime of earnings where you have an opportunity to progress and you find yourself waking up in the morning and doing something, maybe you don't love, but at least has some purpose, some function, something where you can see the benefits in your community or your society.

These jobs are important, I think, to people's mental health. and to sort of what I'll call societal structure. But there are fewer and fewer of these jobs available now. Thanks to AI and thanks to just general streamlining, I think, of a lot of different industries. This has been happening for a long time. AI has not been the magic bullet to really push this, but it is yet another thing eroding the foundations of these jobs and these opportunities.

So what are we going to see? We're going to see some kind of UBI at some point. My pitch, and it's not my idea, though I haven't seen a good set of, you know, clear definitions around this. My pitch is that we should be doing something like universal basic capital. In America, we just saw the administration take a 10% stake in Intel because they want to see Intel succeed as part of a broader AI race, HPC race, whatever you want to call it. You know, I think you can define it in number of different ways. But there's obviously some importance to whether or not Intel is a successful player. in a longer-term game around AI.

Okay, so we'll just staple it to AI for now. If they are successful, then there's some chance the American people could see a benefit from that, both in terms of their day-to-day life and in terms of some kind of payment from the success of that equity share. It's like a quasi-sovereign wealth vehicle type thing. I would like to see the administration and also the Canadian government do similar things with homegrown companies. I mean, if it was up to me, Intel would not be where I put my money, although they are clearly struggling against Nvidia, right? That was part of, I think,

the pitch there, even though I don't think that was publicly announced or stated. I would like to see them put stake in something like Apple, Google, Amazon, because those companies are super important to the structure and fabric of American society. I think they're critically important to security as well. And looking across the landscape of like electronic devices in mobile, mobile compute, high power to compute, those companies are critical, even in the AI silo. And so if you had a government using money for equity stakes in certain private industry that you could pay out dividends to taxpayers, that's a better structure than UBI.

I wanted to have Floyd Merenescu says about it. I tweeted this morning. It's very early, but maybe he'll get back to me at some point, and we can talk about this on the show. I'm not sure. Let's talk about jobs a bit. Canada, 66.6,000 jobs. That's a signpost there. Added in October, unemployment rate falls to, allegedly anyway, 7.1%.

I don't believe in most of these numbers. It's hard to compute these. I don't think the books are cooked. I think it's an impossible number to really know. The interesting part, though, Canada full-time employment falls almost 19,000 jobs, and part-time employment rises. more than 85,000 jobs. So, as always on Twitter, for the people on audio only, there's a reply here to the zero hedge jobs tweet of what the media would call a South Asian man delivering DoorDash

on a bicycle. So, interesting. And then, of course, even below that, some other good commentary, the wholesale and retail trade sector saw the most growth with 41,000 positions added, followed by transport and warehousing, and information culture and rec. So these are all seasonal jobs, which is interesting, right? It's not really a sign of a strong economy, certainly not in the full-time silo. And then Stephen Poonwasi from Better Dwelling, replying to a tweet from national,

sort of nationally famous retard, Dean Blundell. Total moron, this guy, by the way. It's almost hard to believe a guy can be this dumb online. But I suppose when your entire follower base is just all boomers, they're equally unwilling to read any data. So, Ponswani, or Poonwasi says, numbers don't lie. The economy is booming. over one in three of the new jobs went to senior citizens and the population of multiple job holders grew by 30,000. My friends, this is bad news. I cannot stress enough how bad this is. You do not want to

see seniors picking up work. You do not want to see quote unquote new jobs being held by people who already have jobs. It's not good. It's a good cup of coffee though. It's not good. I can drink the coffee, actually, without wearing booty shorts. If you saw that tweet earlier last week, I won't comment on that further. Interesting stuff in the Canadian job market. I think for most people, they know that the job market is bad. You can go on Reddit, Twitter. You probably have some anecdotes in your personal life, or maybe you yourself have anecdotes about how difficult it is to get a job. It's going to get worse, which is why I do want to, I do think this like UBI, UBC, University of Capital thing is basically unavoidable. You have to do something to prevent riots and

violence and you need to give people meaning. So how do you do it? you got to find a way. And doing nothing is not an option. We see what happens when people are unemployed. They become destitute. They become rudderless, let's say. And those are the best case scenarios. We've also seen, obviously, a lot of addiction

and mental health problems in Canada and other places. So you've got to think about these things. It may not be pleasant. You may not be interested in coming off your stance on something like Universal Basic Capital, but technology is just coming so fast down the pipe now. And jobs clearly are being taken away, removed entirely from the equation. And as we're adding, as we'll talk about later, hundreds of thousands of new people to the population every year, against everyone's better judgment.

We're on track for something interesting. Let's talk about the budget. We'll talk more in depth about this tomorrow. But there's some bangers in here from Wealthmoose. If you know Wealthus on Twitter, he's a good account to follow. I'll just talk briefly about some of the line items, $150 million to CBC, which includes exploring Canada joining the Eurovision contest. there. We're trying to modernize social media messaging with taxpayer-funded content strategies to the tune of about 18 million. I guess that's open-mouth thumbnails and certain government

officials glowing in YouTube thumbnails. I don't know. I'll have to ask Luke Mitchich about that. If I start seeing that, I'll know that they contacted him and that he's making about 18 million a year doing those thumbnails and botting for federal government in Canada. Digital citizenship curriculum for K to 12 is an interesting one that I am not a fan of at all. I don't want to see Ottawa in the classroom one bit more than they already are. Classrooms and schools in general in this country have become a laughing stop and talking to parents of people in my neighborhood and parents that I know, it's becoming more and more difficult to be a parent given that schools now are basically functioning only as social justice engines. Teachers are broadly

incompetent. They don't take care of themselves physically, which I find repulsive. And here we are now digital citizenship curriculum these people don't have any idea what it takes to be a confident digital citizen just to look at the news headlines that pass for true in this country some other bangers including an 11 million dollar holiday event coordination budget i think that's for the federal christmas party i don't know what uh what the likelihood of that actually is but interesting stuff we'll talk more in depth about the budget on monday like i said this is from juno news a Durham mother, speaking of schools, says her son in Colonel Farewell Public School was pulled out of class after she found out he was being tested on Islamic

teachings while Christian holidays were reduced to chocolate in cartoons. I don't know if this is true, but, you know, there's some comments here about the Catholic system and, you know, sending your kids to Catholic schools. I would love to do that. I'm not a practicing Catholic. I was raised Catholic. The older I get, the more value I think there is in having these, even if they are porous walls between social justice and education.

And, you know, there's a number of things in the current curriculum that I disagree with in terms of them being taught to kids. Certainly, Islamic teachings have no place in a modern classroom. They have no place in the modern world. We just saw, you know, how many times you have to see giant prayer circles and intersections before you realize that these people are not really interested in assimilation? They're not really interested in modern thinking, modern ways of thinking or living. uh, it, Islam should be banned. Uh, I, I realize that's unpopular and I realize people will say,

oh, you're asking for daddy government to do something. Yeah, I am. I, I, I am. Um, find me a country of the 20% Islamic population or adoption that you would live in. There are none. And, uh, we're quickly approaching that number faster than I think anyone realizes on no, in no small part, thanks to, uh, this stuff from, uh, our friend millennial moron, IRCC has confirmed that the 148,000 permanent residence admissions for existing refugees and temporary work. Um, are on top of the target levels of 380,000 per year. I have already been critical about how targets are expressed, but excluding these from the levels plan makes zero sense.

I love millennial moron, but my friend, it only makes zero sense if you think they're trying to be honest and they're not. And I think a lot of people are tiring of this. I've said on the show before, and I'll say here now, there's been a clear change in what's acceptable to say in mixed company about immigration and immigrants. it does not make you racist, bigoted, xenophobic to say that the people coming over from the third world today are simply not quality people. It's not fair to criticize anyone saying that

because everyone can see. The longer this goes on, the more problems the country will have. Pressures in social situations, pressures in health care, pressures in school, pressures in religious fault lines. It'll just keep happening. And so you have to get away from this as fast as possible. find a place where these people are not living, live away from city services that will live away from downtown. In Bitcoin, we talk about citadels. The real citadels that will keep you away from this nonsense are the small towns that are predominantly, you know, let's say run by people who have small businesses in town that aren't worried about charging a few extra bucks for coffee because the income level in the area allows it. And people, I think, instinctively

know and now are being told more and more in social situations that this is very important to continue doing in terms of paying a little more for stuff to keep the Century Initiative nightmare out of your jurisdiction. This is a crazy bit of data here. I won't read the whole thing, but it's interesting that there's a clear gift in the way that these numbers are being reported is intentionally misleading in my view. I won't speak for millennial moron, but I do view this is intentionally misleading, and it's good to see him covering this.

So that's it. This is the third time I've recorded this video because I can't get the F and Mike to work properly i hope it recorded and uh if you're enjoying these don't forget to leave a like subscribe whatever and come back monday night for the the flagship show seven o'clock eastern len and i talking about bitcoin and the economy and of course uh some other stuff in between we'll see you then