The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - Carney vs. Poilievre, TFSA Top Up, Capital Gains Changes, Carney's Housing Push | CBP 209 Pt 2

Episode Date: April 2, 2025

FRIENDS AND ENEMIESIn this episode of CBP, we dive into the latest news and trends shaping the world of tech, finance, and retail. Carney vs Poilievre starts to heat up. Gamestop is making waves in the bitcoin community, sparking speculation about the future of cryptocurrency. Meanwhile, Tesla's rebate program is facing a rough ride, and grocery stores are turning to body cam technology to enhance security. We'll break down the implications of these developments and explore the latest insights in blockchain (puke), crypto (puke), and market volatility. From Elon Musk's latest moves to the impact of the Trump trade war, we'll cover it all. Join us for a deep dive into the world of finance, tech, and retail innovations.Join us for some QUALITY Bitcoin and economics talk, with a Canadian focus, every Monday at 7 PM EST. From a couple of Canucks who like to talk about how Bitcoin will impact Canada. As always, none of the info is financial advice. Website: ⁠www.CanadianBitcoiners.com⁠Discord: ⁠  / discord  ⁠ A part of the CBP Media Network: ⁠www.twitter.com/CBPMediaNetworkThis show is sponsored by: easyDNS - ⁠⁠www.easydns.com⁠⁠ EasyDNS is the best spot for Anycast DNS, domain name registrations, web and email services. They are fast, reliable and privacy focused. 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 $20 bones, and take advantage of all Bull Bitcoin has to offer.

5221. Where do you want to start? Where do you want to start? Let's do the election stuff. We can't go anywhere without talking. Where do you want to start with the election? There's been so much. You got the poly policy proposals. We got China threatening to capture people. We got Kearney in front of a podium today for the first time, full body shot that I saw. He can't be any taller than five foot four. All these sorts of news stories. You know how you can find out how tall he is really is the debate that took place with all the liberal leaders. There's some pictures about with all four of them there.

Frank Bayliss is the tallest by far, but Christia Freeland is not very tall, right? So try to compare Carney's height with hers. He's the same height as her. He's the same height as her. Really? That's according to the pictures and she was probably wearing high heels too, right? Something to like elevate her. I would imagine. Trying to look here.

Karina Gold looks pretty tall. She's a little bit taller. I'll guess she's like five eight, five nine, five ten. Somewhere around there. But Frank Bale is, I'm going to guess it's probably like six one. He seemed like a taller dude. There's nothing wrong with everything, I don't know. Yeah, I bet he's pretty tall.

This is a hilarious picture, look at this, this is so funny. It's amazing to me that these guys like try and pass this off as journalism when everyone knows exactly what's happening in this photo. Let me just share it here. And I'm not that tall, like I'm 5'9'' on a good day. So, you know And I'm not that tall. Like I'm 5'9 on a good day. So you know, I'm not, I'm not some kind of like anti short, you know, commentator, but I can't even see it.

Why can't I see it? That's okay. We can just continue. That's too bad. But there's a video, there's a picture here like Chris, Christopher, and Carney, Bayless and Gould and Carney looks the tallest. They got them all for them standing together and Carney looks the tallest. They got them all four of them standing together and Carnie looks the tallest. I lost my camera. Oh my God. What happened to my camera?

Either way I'll try to, you're still there at least. Yeah. I do your story. Do your story. So anyways, Canada decided this past week to cut off $43 million in rebates to Tesla and stop. And this is going to stop them from getting further access to the program in the future. And this is all in response due to the tariffs

that Donald Trump has imposed on Canada, and also Elon Musk's association with the president. And this comes after there was huge surge of sales, gosh, Joanie's gone, so it's just me by myself either way. Tesla had a huge surge in sales in January, 2025. Welcome back, Joey. And reports suggested that over 8,600 Tesla vehicles were sold in a very short period of time, around three days

across only four stores. 8,600 vehicles sold in three days in four stores. And this volume raised suspicion with the government of Canada. And so with that, the transport minister, Chris Diofino decided to announce that the government is freezing the rebate payments and launching an investigation into these claims

to ensure their validity. And no payments will be made until the government is confident that the claims are legitimate. And Tesla has also been barred from participating in future federal EV rebate programs indefinitely. Insane. That's insane. So to go through this all, we had also provinces that were also doing stuff against Tesla products. Like we had British Columbia stopping the incentives for Tesla home chargers, for example, the three way program. Okay. Tesla, say what you want about electric cars in general, but Tesla probably is the gold

standard of electric cars. For sure. You can say what you want for fit and finishes of the only three that I've dealt with him to Tesla's Dave, we're all very good and the owners absolutely love them, but that's a very small sample size. So we'll keep that at that. So if you're going to make the Teslas more expensive to buy for then consumer, like the end user, what options do they have? It's going to be the other products that aren't as good. Also keep in mind in Canada, sometime in the middle of next decade, I think 2035, it could be wrong, the sale of new cars, there's gonna be a ban on internal combustion engines in those new cars, only EVs. So now you have only EVs for new cars that are gonna be sold sometime middle of next decade.

And if this continues, Tesla is not gonna be able to participate in this rebate program, so their cars are gonna cost more. So you're left with dealing with the others. Really? You know what I mean? Is this really a good move for the consumer in the end? Isn't Elon Musk a Canadian too? Yeah. There's some story there.

I don't know. It hurts consumers. And like, Len, are we serious about the climate goals? If we're serious about the climate goals, then why are we taking away the subsidies for the best EV, the most popular EV, the one that has the most cultural inertia? At least it did before this whole, you know, elbows up nonsense. But you know, like, what do you, what do you, how do you say, what do you say to people who think this stuff is a good idea?

I'm not sure that there's anything you could say to them, right? It's sort of like talking to a wall. It's just the narrative. Like, you know, when Carney, and it's kind of similar topic, but remember when Mark Carney went to Europe shortly after he was sworn in as Minister of Canada? Yes. Yes. Yes. Yes. Yeah. It was speculated that the trip, his jet consumed 250,000 liters of jet fuel. I did the math and for my one car to use 250,000 liters of diesel, which is very close to jet fuel,

I would have gotten, I think this is right, I would have gone to the moon and back seven times. Seven fucking to the moon and back, Joey. And for that one trip to Europe, like you know what I mean, like come on. I think you have, the moon and back, Joey. And for that one trip to Europe, like, you know what I mean? Come on. I think you have... The idea is there, but there's no participation in the talk really. You say what you want, but really it's not being done, which is too bad.

Who is in the pan the end is everybody. Boomer noting that the subsidies have been done for a while. That is true. The thing that I think bothers me about the Tesla, signaling out Tesla is a political virtue signal, as some of you guys are noting in the chat. Think about the stuff this guy has done in the last two years. What has he done that has not been fantastic for society and for the species? He bought Twitter and saved it from becoming this liberal echo chamber of nonsense where every consenting opinion is met with either a ban, a community note, employment termination,

or some combination of the three. He obviously continues to build out Tesla while he's doing Twitter. This guy is stretched so thin, he gets Trump elected in the States, you could argue, I think, that he played a major role in that. And then as if that's not enough, since the election, he's also found tons of fraud in the American social security system. Most of it detailed yesterday in a town hall. He did, I think in Wisconsin.

And then Len, as if the guy is not doing enough for you, he also rescues some astronauts stuck on this international space station because NASA is so incompetent and can't do it. It's Boeing. Boeing, whatever affiliation with Boeing and whatever. NASA is the government agency that told Elon he wasn't allowed to do it. It's Boeing, Boeing, Boeing, whatever affiliation with Boeing and whatever. NASA is the government agency that told Elon, he wasn't allowed to do it. Biden told him he wasn't allowed to do it. You know, that's what Elon says. It's hard for me not to believe

that that's the case, given the partisanship and insanity that we've seen since Trump took over, um, coming from the past administration. They were still training the new pilot for Boeing to go up there. Boeing brought in some temporary foreign workers like WestJet is. Once they were brought up to speed, at least mostly, then they give them the keys and there you go. They refused to go up there until their nine grandparents were also allowed to come over and enjoy. And people hate this guy. Like for what? For what? Like he just, it's unbelievable. The stuff that I hear and see, it's just, it's mind boggling to me.

And now we have the polls. I'm going to talk briefly about that. Let's talk about it. I'm going to, Oh my God, my stupid camera. This is, it's hilarious how sensitive this is. Funny because I was having an issue before to show. That's right. Now you're having one. So I'm wondering if it's just a StreamYard thing and not a hardware.

Yeah, it could be. Because I didn't do anything there. I didn't plug anything back in. I just reset it. But anyway, let's talk about the polling in Canada. Everyone talking. You know, I'll say that I had a family get together on the weekend.

I have some family that are entrepreneurs. I have some family that work in tech. I have some family that are entrepreneurs. I have some family that work in tech. I have some family that are young, some family that are old, men, women, you name it, all fairly well off. And every single person said basically the same thing to me, that Carney is just the right man for the moment. And this is the guy that we need to hire. We need to vote him in, and he's gotta be the guy

who carries us over the finish line. So, when you look at the polls, another thing you hear from people, certainly I heard this on the weekend, I'm sure you guys have heard it too. When you look at the polls, you start to see that there's just huge gap building everywhere, not just in Canadian polling, but also on polymarket, on other betting markets, bet MGM, Mark pointed out to us a

couple of days ago, also the same. The gap is widening. It's not just like it's 55-45, it's 70, carny, percent chance to win in some places 338 Len said to me before the show has Carney at a 98% chance to win down from 99% but still basically an insurmountable Probabilistic lead Let's take a look at the polls that are being conducted. So here's a screenshot from Ryan something or other I forget the guys Jarriston Gareston Jersey Well, here's a screenshot from Ryan something or other. I forget the guys. Jarreston? Jarreston, Jarreston. From Nick Nanos. Nanos, obviously, one of the more popular pollsters.

Nick Nanos is not just polling, by the way. He goes on these channels and talks about how good his polling is and how concerned the conservatives should be, blah, blah, blah. You guys have seen this guy all over the place. He's about 60 years old. So he's an average liberal voter, probably. In the survey, they asked only 158 18 to 34 year olds versus 733 55 and up. So that's basically a 4X by my count. And even the 35 to 54 age group only

had 291 people asked. So all the age groups that you would expect to be voting for the conservatives, not necessarily because the conservatives or the party that all these people vote for, but because these people are the ones who've been the most hard done by by the liberal policies of the last 10 years, they're just not being asked in some of these polls. Go back to that. Yeah, sure. I think I have a theory behind this. Sure.

It could be that the people that are being asked, the younger folks, they're just not answering. I get asked, I'm not going to say I'm going to call myself with the young. I don't answer any of the polls that come to me just because I don't care to. And if you're older and you're getting it, you're probably more likely to answer it. So like they're asking, you know, whatever amount of people, what did they say? 1285 people. So. So just that's the way it is. And this could also be reflective of the people that are interested in politics. So older people tend to vote more often than say their younger counterpart. So this is

just reflective of how involved they are in politics and how likely they are to vote. So I understand, yeah, it's skewed in terms of having more people older reply to this, but more people that are older are going to vote on average. Yeah, that's fine. But is it a 4X as likely? Like we saw what just happened in America, right? Like Americans have a similar split demographic and support wise between conservatives and liberals. And they were completely outgunned at the ballot box by the conservatives, young working age men and women, minorities, whites. They did better in every demographic than the polling.

So here we go. So for the 2015 and 2019 elections in Canada, this is from Elections Canada website. The voter turnout for people that are like less than 34, it's around 57% or lower. And it goes up to like if you're 65 to 74, it's almost 80%. That's a huge difference. Sure. Right? And that's just by percentage. What election was that? It's taking 2015 and 2019.

So that was before COVID, before mass immigration, before the inflation wave, before all this other nonsense happened in the last five years. It's a different world, totally different world now. Maybe, but people that are older that are vested, they have a vested interest, are going to continually do what they want to do and vote the way that they think is best for them. They've always voted, so they'll continually vote. They know what to do. They've done this before. They'll just do it again. So you're dealing with a population that is mobilized, organized, and willing to vote. And they've always have been. Mobilized, organized, and willing to vote. And they've always have been.

Yeah, maybe. We'll see. I'm just cruising Nanos' website here. The thing that drives me nuts here is that it would be easy for Nick to say that if I look at the sampling we're doing in our polling, we are way over sampling liberal boomers in every poll. And he could easily, he could also just as easily say, look, we're not doing it on purpose. We're actually just trying to call people into your point-land. These are the people who answer. And so the polling is skewed. Take that with a grain of salt, change your margin of error, whatever.

But he doesn't do that. Instead, he goes on TV and says that his polling is great and it's the best available and blah, blah, blah. Here's an example, by the way, of an Angus Reed poll question that someone had emailed to them. I'll read it for the people listening on audio. It says, it's from Mark Carney and the Liberals. Which of the following statements comes closest to your own view on why people should vote liberal

in the next election, even if none is exactly right? Here's the first option. Pierre Poliev is a radical extremist who would risk the rights of Canadians. We cannot let him win and become prime minister. The only way to stop them is to vote for Mark Carney and the liberals. They're the only ones high enough in the polls

to stop the conservatives. Second option, Pierre Pauliap would bow down to Trump and let him walk all over Canada. He wants to privatize our healthcare system to be more like for-profit American care. He wants you to pay for your healthcare. We have to stop him at any cost. The liberals are best placed to challenge him. Mark Kearney is the best guy to stand up to Trump and then the two other options are none of the above or don't know. Not sure. That's not sane polling and that's not professional polling in any sense of the word. There's a guy I watched during the American elections, People's Pundit, Rich Barris his name is. He's a Republican, but I got to be honest with you, the sampling and polling and questions that he puts together are really good. They're very clean and not...

They're not leading questions like these ones are and leading answers. And you know, this is kind of the reason people don't trust polls is not because every poll is fake, but it is because some polls are slanted. Like that Angus Read poll, there Reid poll, no matter what the question is, those two answers are not proper polling answers. And in Nanos' case, he's the revered polling contractor. By the way, standing offers with multiple governments, including the federal government, Ontario government, tons of different agencies, all on his website. You can go there and look. This is the guy people go to and he's oversampling by four times and not noting it, not mentioning it, not saying, you know, Len, if that

is the, if the reason is because he thinks more people will vote, he should say that, right? But I can't find him saying that anywhere. And I think that really, I've said on the show that I thought Carney had a chance to win. I still think he does, but this gives me a little bit of hope that it's at least going to be a closer race than Pauli Market thinks or Nick Nanos thinks or whatever. But I think the debates are still going to be immensely important, much more important than they've been in years past. And I do think that the more Carney speaks, the more he shows he feels, as the kids would say, some type of way about the reporters and the questions

he's getting from them. So make it that much more. Who's more likely to get a sound bite out of a, one of these debates because the debates now are all going to be, I 100% agree. He's better at that. So he's probably going to be trained the best for that, given the right coaching and all that stuff than any other of the candidates. And that's what I think you're going to be, uh, trained the best for that, given the right coaching and all that stuff than any other of the candidates. And that's what I think they're going to try to achieve is try to get the best sound bites.

The French language debate too will be brutal for Kearney. Um, he'll be able to defend himself. He won't be able to. He can't finish. He'll be able to defend himself in the point where he can start his argument. It's when somebody else presents him with something, then it's gonna be a challenge for him to do so. Like if he's gonna start the dialogue,

he'll be able to do it because he's gonna have that rehearsed practice written out in front of him. You just have to follow it. But then once it goes off that script, and once you have to try to compute in your head what you have to say in French in a different language, a language you don't tend to speak very often for the majority of his life, then it becomes problematic for him. And that's where it's going to be a challenge for him.

Yeah. I think, I think Poliev, if Poliev was smart, I said this about Trump and Kamala too. Like there's a plate, there's a high risk, high reward play you could make when Trump and Kamala were debating trade deficits. Kamala was rhyming off, like you said, there's kind of a rote memorization moment for her where she was repeating some stats and repeating some reasons and repeating some figures. If I was Trump, I would just said, can you describe to me what a trade deficit is and why it's bad for the US economy? And just see what she does, right? See if she flounders, flusters, whatever. I think Pauli has got an opportunity to do the same thing in the French language debates. Can you speak at a speed that doesn't make you seem like you're

trying to overwhelm him, but overwhelm him anyways? Those debates are long, two hours I think they're scheduled for. Can you do that for two hours? And this guy in the chat saying, Carney said he wouldn't do the French debate. It's not what he said. There's two French debates. One is a national debate that CBC or CTV or whatever will host. The debate he's not doing is the TVA, the French language debate on the Quebec network. He's not going to do that one. But there will still be two debates, one English language, one French language debate on the Quebec network. He's not going to do that one. But there will still be two debates, one English language, one French language. So it was apparently they had to pony up 70K in order to participate in that. Each candidate to help with the production costs. Yeah, it's a small network. It's just something that Quebecers do. And then Poliev said he'll

give the money. He'll pay the fee. And Cart pay the fee. Yeah. And Carly's excuse was that the green party has two leaders and they they're not both invited and blah, blah, blah. Wait, wait, wait. I didn't know this. Wait, that's why they have photos of two people. Yeah. The guy plus Elizabeth May. Yeah. Yeah. Liz is like, Liz is unhinged. I'm not saying she's, you know, everyone says she's drunk up there. I'm not 100% sure of that, but she certainly is a bit of a loose cannon these days. So I didn't, I'm shocked. I didn't know that.

Well, then the NDP campaign for Kearney's entrance fee, I'll tell you that they don't have the money. Jagmeet Singh, take an uncomfortable question last week. I was listening to it after we recorded, um, some reporter asked them, you know, we're finishing up here in Thunder Bay, we're getting on a bus to go to Toronto instead of a plane. Like, are you worried that you're not going to be in enough campaign stops and why are you not taking a plane? Right. He wants the guy to basically say, like, we have no money. I don't know why. And he has to be taking a plane

to go for that because he was in the Coast. They're getting on a bus together. They are, but it's got to be just him hopping on an Air Canada flight like everybody else. Right? Isn't he not doing that? Where's the pictures? Where's the pictures? I haven't seen any, but it makes sense that he should because granted he'll leave his staff behind, but he's got a whole new set of staff somewhere where he's landing and

then he could pick up him with a Maserati and go from there and check it out. You're probably right. I just want people to realize that we've been, because of the election campaign, we've been spared Jagmeet Singh making a meme about the morning routine made famous by that black guy Ashton Hall, I think his name is. He's like dipping his face in the cucumber water or whatever. I don't know that one. It's great. You got to find it. You got to find it. I bet you, I bet your daughter has seen the meme. I bet you she's probably, yeah. Now with the way NDP is pulling, they're dangerously entering a territory where they're not going to have official party status. And that impacts them in a number of different ways. And two big ones is they're not going to get funding, a lot of funding that is available

to parties when you are- Can you expand on that? Because I didn't know that before you told me that a few months ago. At least the way it used to be, I'm not sure if it is, but every vote that you cast, a little portion of that goes to the party that you vote for. I believe that's the case. You also get access to the libraries, the parliament, and shit like that, where you get access to the staffers

to help prep you for questions in question period and stuff like that. And then also, you get far less questions to ask in question period. It's like you're kind of an independent type thing. And then so you don't get the ability to ask the questions. So you get very little air time. So it really hurts if they ended up getting, if they don't get official party status, they

could be in a territory where they may want to start asking if they can merge with some other party. But the only other party they could potentially want to merge with would be the liberal party. If liberal party scores a majority outright without any support whatsoever, they're in a driver's seat. Why would they want to absolve another party and all the problems that could potentially come along with that? Totally agree. Totally agree. What do you think the focus should be for the conservatives for the next two weeks? They've so far basically tried to avoid talking about Trump instead offering up these policy positions, neither of which I really like. I've taken some criticism for that, but the first is the TFSA top up,

right? $5,000 extra. We may have talked about this last week. I don't remember when this came out, but $5,000 extra. No, it came up in the past week. We didn't talk about it this week. Great. Great. So yeah, so let's talk about it then because I'm curious to hear your thoughts. The TFSA top up where you get $5,000 extra, I don't know if it's per year or total on your TFSA contributions. So you can give about 7,200 a year, I think, something like that. They lowered it a little bit, I thought. I don't know what it is, but it changes every year. So you get the number at the beginning of the

year and you can put that money in tax free and the profits are tax free too. But there's a cap. And so Paulie, I was proposing we raise the cap so long as that extra 5,000 goes into Canadian companies. I have two problems with this. Number one is that no one has 5,000 extra dollars. Number two is that I view this as akin to capital controls, honestly. And if you're forced, if the only way you're allowed to get out of a sinking ship that is where the

holes in the boat are being put there by the government and policy, if the only way you're allowed to get off the sinking ship is to try and get into Canadian companies that are underperforming. I tweeted this out last week. The S&P since 2005 is like a 4X in America and the TSX is like a 4X in America. And the TSX is like a quarter of that or something of that nature. I forget exactly what the numbers were, but it's a massive underperformance just in nominal terms. When you start talking about real terms and taking into account the currency, cost of living and things like this, you're getting nuked if you're in the Toronto exchange and not in the American S&P. And the idea that you should have to, I don't want to keep saying have to because you're

not being forced, but the idea that if you want to try and escape the sinking ship, the currency, that the only way to do so is to invest in Canadian companies who otherwise would never get your money and so will be artificially inflated in terms of valuation. It doesn't sit right with me and I don't think it should sit right with anybody. The second policy he proposed is that you'd be exempt from capital gains if you sell assets, that's equities, homes, businesses, it sounds like, as long as you invest the profits, is it the profits or the proceeds? It might be everything. So I guess it'd be hard to put profits on the business. It changes nothing. Is it the profits or the proceeds? It might be everything. So not just the, I guess it'd be hard to put profits on a business.

You're right. And so like you have to put it back into Canada again, like you're, you're being not forced, but incentive, heavily incentivized because you can't stay in cash. They know you can't stay in cash and they know you don't want to pay tax. So your options are either invest in shitty Canadian companies with the proceeds or build businesses in Canada, heavily regulated, underperforming, not the best environment, or pay some unknown amount of tax on your proceeds or your sale. These are capital controls. You may not like that. And it's funny, I just had this conversation with my mother-in-law a few weeks ago about my daughter and starting

a RESP for her. A lot of my family's asking can we can we put into an RESP blah blah blah. I said I'm not gonna start an RESP. I have no interest in that. Why? You can't it can't be all Bitcoin. I said number one it can be all Bitcoin for sure but the reason I'm not starting an RESP is not because I want to save all in Bitcoin. The reason is because I don't want anyone telling me what I can and can't use that money for in 20 years. And I said, this is weeks ago, and my mother-in-law admitted as much to my wife. I think they talked about it a little while ago that she thought I might actually be right, even though she disagreed at first.

The idea that they have this money locked up and you can't get it unless you pay taxes as though it's income, unless you use it for what they want you to use it for. And there's a chance that they could use it to prop up Canadian institutions, Canadian schools, Canadian post-secondary, Canadian whatever, to artificially inflate balance sheets or successes or whatever. And you have to send your kids to a school that otherwise would never not only get your money, but certainly wouldn't get your children. It's all starting to happen. Is it not? Am I dreaming this? And this is from the conservative party. If you don't think that the liberals will do something similar, we'll make sure that your TFSA is carbon neutral or that you

can't invest in anything crypto adjacent, or you only get to use your TFSA if you have an electric car or whatever. These are obvious incentives. Anyone who thinks this is a bridge too far, you haven't paid attention. This is going to happen sooner than you guys realize. By the time it happens, you're not going to know. I said, I'm looking forward to Easter. It'll be after the election talking to family and friends about what went wrong for Carney

and what went wrong for Poliev, depending on who loses. But I think Poliev is out to lunch on some of these ideas, completely out to lunch. And his campaign needs to reassess. I believe some of the stories I'm hearing about internal turmoil in that camp, because I can't imagine that a competent set of group of people, policy advisors comes up with these two ideas. They're both just piss poor. And we can talk about Carney's piss poor idea from today later on, but I wanna hear what you think.

Okay, so what do you do? So what are the options available to you, being a Canadian joy, what do you do? The funniest thing is that you guys don't realize me and Len already had this exact conversation today at work, identical conversation. What do you do? The funniest thing is that you guys don't realize me and Len already had this exact conversation today at work, identical conversation. What did I say? I said, you don't have a choice.

You get to vote for one of these guys probably if you want your vote to count for anything. No, and then you're voting harder at that point. Yeah, exactly. And so what do you do? Nothing, you have to just opt out. You got to opt out. Wonderful.

Wonderful. See, all roads lead to Len. And here's another example of that right there. So that was it. Is Easter 420? I thought Easter was, I thought it was 420. It's a late one this year. So it's going to be, it sounds like 420 sounds right, but it's going to be just before the election, which obviously makes sense. The election is March, sorry, April 28. Wow, nice. So I'll get to go before the election. Wow obviously makes sense. The election is March, sorry, April 28. Wow, nice.

So I'll get to go before the election. Wow. I will be definitely planting some flags after a couple of years. Promises. With all this being said, what options do you have? Like there's, there's nothing out there. Yeah. Yeah.

Right. Like the, it's so to go back, it's, you have to prep for the afterlife. Not, you know, not for your death, but the afterlife of being outside of here. Yeah. I just... Okay, I got to stop you here because the chat is saying stuff that is driving me fucking crazy. The TFSA is not restricted to Canadian investments, but the TFSA top-up is. So you can put your 7,000 in, but if you want to go above your 7,000, it has to be Canadian investments. And by the way, people saying BTCC, iBit, no, it's a predetermined equity basket set by the conservative government. That is what is in the policy position.

It's on their website. If you guys think, okay, that they're going to allow you to buy Bitcoin ETFs as part of a Canada first strategy, you're fucking stupid. You're fucking stupid. I hate to say that because everyone on the trip, everyone from Brad Mills to people I've never heard of saying, oh, we can just buy Bitcoin ETFs. No fucking chance. Are you going to be allowed to do that?

No fucking chance. Even if you do it, how could we, we could go out there and say a paper Bitcoin is something we want to buy. Like, Jesus Christ, we're go out there and say a paper Bitcoin is something we want to buy. Like Jesus Christ, we're fucking Bitcoiners, right? You can buy, you can buy this stuff. You can buy Bitcoin in your TFSA. I'm not disputing that. The ETFs in your TFSA I'm saying, I'm just talking to people in the chat.

I know I hate when I do this, but like you can do that, but I'm saying the directionally what you are seeing is that as a first salvo, okay, it's not like we're going to, it's not like 10% of your TFSA limit has to be in Canadian equities. It's not like 20% of your TFSA limit has to be in Canadian equities. The first salvo in real terms is your your limits going from 7,000 to 12,000 and almost half of it has to be in Canadian equities. 5,000 of the 12,000 is Canadian only or you don't get it. That's the first step. The second step is not going to be less severe than that. The second step is not going to be less severe than that. The second step is not going to be less forgiving than that.

The second step is not going to be, well, we're going to go backwards and let you do 20% or 30%. We're going to allow Bitcoin. We're going to allow Bitcoin ETFs and that extra 5,000 just because the Canadian, the issuer is Canadian. No chance. No chance. It's gonna be auto manufacturers, oil companies,

telcos, who knows what else, grocery stores, all the companies by the way that two years ago were price gouging you are gonna be forced investment outcomes for you. That's what's gonna happen. And the idea that this is anything but capital controls and people are like, it's not capital controls, they're not forcing you. That's what's going to happen. And the idea that this is anything but capital controls, and people are like, it's not capital controls, they're not forcing you. 50% of your limit, close to 50% of your limit, five out of 12 is brutal. Brutal. The next step is going to be more

severe. I promise you that. And they're not going to keep raising the limits. They're going to keep sliding the maximums. That's what's going to happen. On a personal level, are you still putting any money in ATFSA or ARSP? Barely. Barely. So that number has been going down percentage-wise over time, right? Yeah. Oh yeah. Big time. How much longer before? I told you once I bought this house, I like having a TFSA if for no other reason than because I don't want to save my emergency fund all in cash.

Like it doesn't make sense to me to have an emergency fund. Okay. That's, that's, you know, but like, but like point in time, you're going to, it's going to be zero, right? Yeah, I think, I, yeah, I think so. I think so. Fucking right. See, it don't take long to get to this point.

Everybody's going to get there. And even if it's not a zero, it's not going to be up to you to where it goes. And like, you can imagine a situation where you're forced to invest in Canadian companies to preserve your tax efficiencies. In that world, what are those Canadian companies in terms of quality? How are they? Terrible. How's the currency? Terrible. How's the development environment here? Terrible. You're almost there. It don't matter if it's good or bad. It's the fact you're putting your money in. Remember that fucking guy in the UK? Yeah, it's not yours. Yeah, it's not yours. As soon as you give it there, yeah. Right. Although you may have

issues and callers. Yeah. You may have ownership into a particular company, but how do you get your money out of that? Like how do you go somewhere and say, I have X shares and something I want to get? No, man. You got to go through some brokerage house and some ... No, you're right. I totally agree. I totally agree. So fuck that shit, man. It makes so much sense. Once everybody figures out fucking Bitcoin and it makes... You could hold onto it. You could verify it. You could send it from yourself. You rely on nobody. What a fucking liberating way of dealing with money.

And you can't fucking, you can't, somebody can't take it from you. You can send it. Nobody could stop you from sending it out. And there's a limited supply that could just gets better and better and better. Like, fuck, I can't believe't believe people are going to buy some more after the show. How can we not? What do you think about Carney's policy proposals? The 1% tax cut, that's pretty insignificant. The housing thing, the housing is, I want to just talk quickly about this because there was that housing announcement that came up today and they're trying to or at least the intention is to build a bunch of homes because there's a deficit in terms of places for people to live and they still want to bring people to Canada they're always gonna want to

bring people to Canada because we're an older population we don't have enough kids to sustain ourselves and so forth right so one thing that was noticed on discord some guy named flux I'm gonna give you some credit here flux and he and so forth, right? So one thing that was noticed on Discord, some guy named Flux, I'm gonna give you some credit here, Flux. And he posted this, that people are now selling concrete culvert pipes to live in.

And he showed it, it was in Facebook, and I guess it's an ad, fat pipe DIY cabins, $7,000, where you can convert these to a cabin, you get the 13 foot length, 10 inch thick wall reinforced. He says why not he is the ad go why go fat pipe, thermal mass plus constant temp. So basically, you could even attach two pipes, You could have a cabin in front. You got a root cellar, all this shit. Connect three to six pipes, have a two house type deal. Wonderful.

Fucking people are going to be living in culverts, Joey. The people are going to go out there and find one that's under the ground. Nobody's taking advantage of that. I'm going to squat there, baby. That's mine. That's my culvert. Fuck you. This is what we're at. This is the point where people are looking at fucking culverts as a way to live. It's funny, but it's not funny, if you know what I mean. And that's the situation

where- It's just impossible. It can't be done. That they're going to build 500,000 houses, become a developer, and put these things up everywhere. I thought it was interesting that Carney was saying that when he made the proposal today that the houses are going to be cheap to build, sustainably built, and fast to put up. We're going to remove all these barriers. You know what he didn't mention is whether or not the homes are going to be of any

quality, modular, probably small. We had more births on here, Dan Hess, some time ago, and he noted that the problem that Canada has isn't actually housing, it's houses with backyards to fix your population problem. You need that. Are we going to build 500,000 houses while also allowing 500,000 new immigrants every year? I don't know. You could say that maybe we are, maybe we aren't.

Obviously, Carney brought on Wiseman as his campaign chair, Century Initiative founder. Raised, by the way, last week, sort of quietly, the number of dependents that any new immigrant could bring in. So if you're a permanent resident, you can bring in, I think that it's up to nine people now. Is that the number?

I forget, but if you have dependents, grandparents, parents, whatever, you can bring them over as well. At a clip that was higher, the liberal government just actually undid some of that. They lowered that limit several months ago, and now it's back to where it was. So you got to ask yourself, is 500,000 enough? It is if you want to live in the pod and eat the bugs, But if you want a decent life with kids, a backyard, a dog, I don't know. Going to see a movie on Friday night. These things are escaping quickly.

Society's reaching the point now where, I barely leave my neighborhood now because there's just no point. What is waiting for me in Hamilton at large that is gonna be more pleasant than what's in my neighborhood? Nothing. I go to the gym at a certain time.

I do leisurely activities at certain times and certain places. It takes a lot to convince me to go somewhere else to do any of these things at any other time because it's not only unpleasant, but it's become dangerous in some parts of town that weren't dangerous years ago. Places like Hess Village probably has multiple stabbings and murders every year. I used to party there all the time when I was 19 and 20. It's where I cut my teeth as a young man. What is the plan for young men now? I don't know. I'm a little out in the weeds here, but you know reel me back in. Len, what do you think of the

housing proposal? It's difficult for anybody to get a house and say, for example, 416, how expensive it is to find a home for say two people working in me. It's so much so that they had to raise the salaries of the counselors. 25%. Is there probably feeling the pitch? Unreal. We didn't even touch that story. I can't believe we didn't do that one. Oh, we can touch it. Yeah. They voted on it by the way. But still, 25 is a lot. That is an unpalatable number. Who gave them that? They voted for themselves. Could you imagine you have the ability...

It's like your boss got asked to use it. Did you see what the vote was? Yeah. It was 15-8. It wasn't even unanimous. So some of them are starting to have some self-awareness, probably getting looks in the street from people. So Olivia Chow, she abstained from voting too. And I am old enough to remember and it was not too long ago. Like now it's $170,000. That's the base salary for a city counselor in Toronto. Everyone was five figures. It was a job. It was a decent, well-paying job, but it was a job. Now, like

100... Well, you saw the rationale, I'm sure, from Chow and the city counselors. We need to continue to raise wages to attract the best and brightest people for these jobs. Like, are you attracting the best and brightest right now? Chow certainly is not the best or the brightest. I don't know about the rest of the counselors, but. It's a systemic problem because Mississauga adjacent to Toronto, their counselors, they're earning $173,000. Yeah, they're more. They're more. Yeah. Bright. Like that's- Brampton as well, I think is another one that's more than Toronto. I could see that.

And I have the figures from Markham, 161,000. So they're going on par with their neighboring cities, but is this the way it should be? Should they all be that high? That's a question you should be asking yourself, especially for people that are dealing with higher property taxes. When you have property tax last year in Toronto, I forget the number it went up. It went like six, seven, eight, nine percent, whatever the fuck it was. And then you hear that the official number from the stats can inflation was 3% last year.

This is quite a quake to that, you know, and you're paying way more in property tax, but you're just saying that it doesn't make sense. Then you got a 25% raise on top of that. You know, I don't think I got a 25% raise. Even if you add up the last 25 fucking years that I worked at. Like, so you just, it doesn't make sense. You get this official number and then when it comes time when people could vote on their own salary, it goes up way higher than that. Yeah. Like, yeah, this is what we have to deal with. So like people out there in Toronto, they're wondering like, why is your property tax going up again next year

significantly? Um, portion of this has to do with salary for sure. And one thing I don't think it's mentioned here, but it's going to be a trickle down effect. If they're raising the salaries of just the counselors, I would imagine the staff too are going to have to go up as well. So that's another burden. So now you just tack it on. You're just looking more and more shit. And you got all this crumbling infrastructure or paying money at the fucking

rename young Dundas square. Like, you know, like, what's the priorities? Where, what are they trying to achieve? Like, what's the goals? Yeah. It's seems like it's padding their pocketbook and Palestine protests. Every fucking corner can't drive, can't bike, can't go out. Drug addicts, killers, people pissing on themselves, pissing on you, shooting up needles, smoking pot. It's not a livable place. And Torontonians are maybe the most munchausen bunch I've ever seen in my life. You're just mad you're not from Toronto. Believe me, I am not mad I'm not from Toronto.

Well, if you have to call up an ambulance, there's somebody that needs urgent care and they gotta get to see a doctor ASAP and it's fucking blocked because of some protests. And there's not many different routes when you have one of the major arteries blocked. Like what the fuck? And you're talking about people's lives are at risk. Yeah. Exactly. Fuck. Like just if you're going to do something

like that, like go somewhere and decide and just do it where, you know, it's not going to impact people to a degree, but just generally people just don't give a shit. Agreed. And this shit happens. And again, it just goes back. Like that's why it's GTFO time. Like it's like, what's the fucking point? I'm not saying it's like only Palestinian protesters. I think Mark. It's everything. Yeah. Mark said it best. Like you're a loser if you're holding a flag in the street, period. And a story, it doesn't matter what the flag is. Maybe, maybe except Canadian, but if it's any other flag, you know, you're as much of a loser as anyone else. It's not the, well, I don't want to get into it. You know, it's 135. I think that's enough.

Let's get out of here. Let's get out of here. I'm looking forward to our election night special. Come back Wednesday, me and Dave Bradley talking about, uh, I don't know what. I'll probably have a little bit of whiskey for that one since Dave, um, has been running these shows where he's like having a cigar and a whiskey in his house. I guess he just, I mean, I don't smoke, but if what I smoke in my head, maybe I won? Maybe. I won't tell Kenzie. She'll have to find out during the show. You'll see that door fly open during the show. When you go golfing, you don't spark one up then, right?

I always got a stogie on the golf course. Yeah. See, I'm the only one that doesn't do that. Like I have not just vibrate my water. The problem is I never smoke and also like I don't really drink that much either. I have a couple of beers on weekends. So when I go golfing, my buddies are always like, they have the fattest cigars, there's whiskey flowing. And by the ninth hole, I'm lightheaded and can't hit the ball straight to save my life.

So I don't really enjoy it. When I say I'm not good at golf, I actually don't know. I could be good. I'm enjoy it. When I say I'm not good at golf, I actually don't know. I could be good. I'm not sure. You got to join us because not only is it a good walk, but you're going to be level headed through the whole process. There's going to be no peer pressure. You could bring whatever the fuck you want. I don't give a fuck. But if all of us would just drink our waters and that's basically it, or we bring our sandwiches, it's a cheap 20 to $25 typically with the walking. It's not too bad.

It's like what? $5, a little bit more than $5 an hour. I love a good sandwich too. Who doesn't like a good sandwich? I mean, we're both piecing. We both love a good sandwich. Yeah, and that's it. And just by the end, you know,

you walked about 7K or something, what the fuck it is. You're kind of exhausted because you went up and down that shit oak hill many fucking times. It's fun. And then you know, a little bit of tan. It's not too bad. And you can walk home if you want. This party is over. We'll see you on Friday, Joey. We'll play some golf one of these Fridays soon. Take care.