The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin - The CBP #181 (Notable News Stories) - Assassins Go O-Fer, Australia Makes Bank Critiques Illegal, Gold Price Flying

Episode Date: September 18, 2024

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56 56 that's the second week in a row i think we cut it right at 56 56 oh really uh somewhat ominous yeah very weird okay anyway yeah let's uh where do you want to start here we got lots let's talk about the debate really quick because oh sure it seemed like that happened so fucking long ago like always but what a turn like a disappointment this one turned out to be for me at least i i was expecting more fireworks from one particular candidate he was not very good he was in fact i would say awful only one laughable point that really sticks up in my mind when he was talking about biden wake him wake him up at 4 p.m to do something and it just used pointing the fact that he goes to bed really early and does nothing but the way i look at it i mean at least from a quick overview kamala came out really good from this debate she was able to articulate herself really well better than trump at least and she sucked

them in several times into some you know some arguments and you can make the argument sure it could have been a three-on-one in the fact that the two moderators they were fact-checking trump and they didn't fact-check kamala once but the reality is he didn't have a good showing i don't know if he didn't get whatever pumped into his system beforehand or maybe he just um expected her to do far worse he underestimated her really i i don't know maybe questions were handed out beforehand i don't know or maybe questions were removed that would have been really hard to answer again i don't know either way the debate like was just awful and they're gonna do one more right they're not i don't think they're going to she wants to but he doesn't want to i mean if you were him look i'll tell you what i think about all this

this was a master class in some kind of information management strategy that does not have a name yet but i'll describe it to you the mainstream press does a killer job just making up that trump you know decides that he has to spend time refuting during the debate. It's all over the place, right? It's this idea that you can't terminate a pregnancy or terminate an infant following the birth, even though, and I think Walls is home state of Minnesota, this is a possible outcome. Certainly, the late late term abortion is, um, I'm not a hundred percent sure on exactly the nature of the post birth. Um, you know, I'll call it the murder of the kid. My understanding is that you just basically don't treat the infant and allow nature to run its

course, which is unbelievably inhumane and should be criminal, but we'll leave that for now um to keep youtube happy you have stuff about the haitian um or sorry the venezuelan immigrants overrunning places in colorado we talked about that on this show uh the mayor of that town aurora colorado was on fox two weeks ago at this point talking about exactly that um and you know the debate um, who may as well have been wearing a Kamala Harris jersey, says that they called the city manager and he said no. Incredible, right? This style of information management that was employed during the debate is the first of its kind.

Certainly in that stark example, that obvious example, where what they've done is they've established the lie via their reporting trump and his like the general sort of republican supporter doesn't know what's true and what's not because they are again like sort of cheerio eaters watching media stuff all the time right legacy media so trump decides erroneously in my view and sounds like in yours too that he's going to spend the precious moments he has at the debate trying to explain to people that not only is the story true because he saw it on twitter which sounds nuts to normal people by the way even though for me and you like that's a much more reliable place to get information than Dana Bash and Muir or whatever that guy's name was. Don Lamone.

Yeah, Don Lamone. Exactly. You're going to get better information on Twitter than you do from legacy media. Everybody knows this except people who are watching the debate. Mistake on Trump's part. And poor preparation from his people as well. So he decides he's going to try and make the case live on TV while comrade Kamala Sutra is just cackling next to him in the split screen because he sounds nuts to the people who are watching the debate

because he's trying to say that all the legacy media stuff is not only wrong, but actually this anonymous account on Twitter that's posting videos of the Haitian guy eating the cat or the Venezuelan guys running through a building with machine guns or ballot harvesting stuff or whatever. Right. Stuff that is demonstrably true to the audience that is not watching the debate, but is impossible to convince the audience watching the debate of. So now he's fighting this this sort of double this this two front battle, one with the moderators about them not being legitimate, one with Harris about her talking points, which are not true, and one with the people watching. So it's actually a three-front battle. Another great example of this is when they spit out this very fine people thing again. Even Snopes says this is not what he said about the whatever Charlottesville protests

or riots. He doesn't think Nazis are fine people or white supremacists are fine people. Everybody knows that. Harris says it. The fact checkers don't say anything. The moderators don't say anything. So now he's left with this sort of open wound in the moment. He has to refute what the fact checkers are not saying. He has to refute what Harris is saying. And he has to what? Point people to something that's not mainstream media, to some nim Twitter account. He can't do it all, but he falls for the trap anyway. That was incredible information management strategy by Harris and by the press for that debate. Outstanding job by them.

That's a gold medal effort from them to put him on his heels. And he was on his heels the entire night. You may not like that state of affairs, that statement, but I think any impartial person would say that Harris put him on his heels with the help of the debate team. That's problem number one for him. Problem number two is that the debate moderators put him in a situation where he was constantly

having to sort of defend things that Harris was saying about him while also not answering any questions about her own policies. They didn't talk policy basically the whole night, right? Harris offered this long-winded talk about how she was raised a middle-class kid. And by the way, she gave the same fucking answer to an interview like two days ago. It's like the only thing she knows how to say. I was raised a middle-class kid. I had a mom, but she didn't do all the raising. There's this other woman involved, blah, blah, blah, my sister, and blah, blah, blah, my sister and blah, blah, blah. Like that's not a policy answer, but then Trump is forced to give a policy answer because the question just moves a little bit, right? The window moves a little bit for Trump's question or version of the question. And he's got to give a policy answer. I said to a few friends and I said to maybe to you as well, I think that the Trump campaign should really take a swing for the fences if they do another debate. And what I mean by that is if you go back to the debate from last week, there's a question about trade imbalance and trade deficit.

And Harris is talking about how important it is that the US not be in a trade deficit and Trump's government put them in a trade deficit and how he will do it again, blah, blah, blah. If I was Trump, right then, right there, I would say, okay, what is a trade deficit, Kamala, and why is it important? She doesn't have a fucking clue, right? She has no idea what a trade deficit is, why it's important, why you can be in deficit with certain countries, not with others, how it relates to currency valuation. She doesn't know any of that, nothing. Take a shot and put her in a place where she has to give an answer off the cuff instead of telling you how she was raised middle class. They didn't do that.

Now, I don't know if it's just Trump's people not being concerned enough with the debate. I mean, clearly, they got some amount of resources dedicated to WorldFi coin or whatever. You know, like, that's fine. But you basically have to debate her again now because you lost that one. Plain and simple. The polls may not reflect it immediately, but I think a lot of people view that as a loss. Here's where things get interesting. Have another debate. Don't do it with the mainstream press. Do it with David

Friedberg from the All In podcast. Clear liberal, clear even-handed guy, has offered to have Kamala Harris and Tim Walz come on their show, which is the biggest podcast in the world, bigger than Rogan. They won't do it. They had Dean Phillips, who's a liberal Democrat. They had RFK, who's a Democrat.

They had Trump. And I think they've had one other candidate, including Vivek, but he's obviously no longer a candidate at this point. That's where they should debate. And I think that Trump should be as public as possible and tell those guys on all ends to be as public as possible too. And say, look, we want to have a debate.

We would give the candidates the questions in advance because we want them to have the best answers possible, but we will press on follow-ups on both sides. Harris will never agree to that. She does not have the IQ points for it. She just doesn't have the competence to do a debate like that with someone who is very clearly smarter than her, not afraid to show it, and has no skin in access or other nonsense that these other journals have.

That would be the ideal outcome. Instead, what are we going to get? We're going to get a civil war in November, basically, instead of any of that stuff. And you and I will talk about it, maybe bring on some of our American friends, and there'll be a couple of good weeks of content. Maybe the Republic will fall, maybe it won't.

But instead of all that, we're going to get the usual shit show. So just strap in, enjoy the ride. You know, it doesn't matter who wins. Either you get Kamala who will accelerate the decline or Trump will try and slow it down, but you're going to get the decline either way. It's a predetermined outcome, I think at this point. Did you notice her message? And she said it multiple times in the debate that she's trying to elevate people. That's already a joy and soy man it's all these people who think they need to be elevated by a candidate because their lives are so fucking

sad and they're so pathetic that they view that this political savior will be the one that gets them to the next sort of phase of their development spoiler alert they won't and people are just so sad and and distraught and you know detached from reality that they think this is going to happen right they're all it's a different way of doing it it's rather than attacking they're trying to to say that let's try to make everything better let's rather to attack somebody like she can't say but the thing is she can't say how she's making it better right it's just a pure vibes play right the party joy and soy as i like to say now that whole idea that narrative and the thought of that it's bleeding into our politics as well i was watching the house of commons today they're back today right yeah and that was one of the messages was that instead

of attacking people they're talking to conservatives. We are just trying to work to make things better for people. So that's it's also it's a way of talking in politics over here. And you know what? For some people, it's going to work. You may not think so. You may. I don't know.

I know. I know. I do. I do think so. I do think so. I think it's dumb. After a lot of negativity, sometimes you have to have the exact opposite

to attract voters. Then after a little bit of while of that, you have to go back to negativity. It's a pendulum effect. And I think we've just had enough negativity that people are tired of it. They want to have the opposite for some period of time. It's going to give them some hope hope some belief something's going to be

better moving forward just my opinion yeah i don't know it's uh sad state of affairs in any case right like these are these two candidates are just plain not good number one and uh the tribalism around these two is really insane, right? I think we've been critical of Trump and Harris on this show, one more than another. I think broadly speaking, Republican policies are clearly better for the government and better, actually it's better for the government, better for the country than Democratic ones in this moment. But to your point, the pendulum works in a lot of different ways. One of them is that after 10 years or 15 years of Republican rule, you will eventually need to

go back to Democrat rule, right? Certain things will have gotten out of hand, absolute power crops, absolutely all these principles apply. You've seen that in the States, by the way. I think they're on year, are they on year 12 of the last 16, a Democrat, Democratic presidents? I guess they are, right? Two Obama terms and now one Biden term. And so the country has clearly gone the wrong direction overall over the last 16 years. The pendulum, it exists for a reason. And you can say what you want about the two-party system. It doesn't represent everybody, fine. But a 10-party system is not going to represent everybody either. And if you think gridlock is bad with two parties, wait till you see it with 10.

You need to go back and forth. You need to. How far do you need to go? I would say probably land without getting into specific policies. We've gone too far. But it'll swing back. It'll swing back. you just wish it was someone else at the helm of both parties i think is the sort of the most unfortunate thing about this

cycle and and probably at least the last two cycles i would say that's uh same topic but slightly different because trump was having a golfing excursion today and he was interrupted not today oh yesterday my mistake yesterday it is interrupted and i can't believe anybody would want to interrupt his golf if one thing you know you're gonna get fucking hammered after that if somehow trump gets into power i'm sure he's gonna want to know this guy to the cross because you don't want to fuck around with his golf game but according to cbs news that they say that this is an apparent assassination sorry assassination attempt all media sources are saying that i'm kind of shocked given the fact the last time that he was fired at when i got this word assassination was kind of never talked about

but even here in canada like ctv news and stuff talking about associated press cbs news new york times a few places just added as a golf course incident even today like they refuse to use the a word which is you know sort of laughably stupid and transparent but anyway the fbi is describing it as an assassination attempt for sure i think that they're just picking backing off that and apparently this guy had a high powered rifle right like and this was at the trump international golf course in west palm beach florida and they spotted this dude apparently he was a few holes ahead of trump where he was golfing and something like 300 to 500 yards away yeah for me in golf terms that's 20 shots in but in terms of like an actual accurate shot i think somebody could do it that has enough skill training and

a scope and he did have a scope from what i understand he had some gopro and shit like that like what the fuck is this this guy uh as per the cbs article ryan wesley routh i don't give a fuck if I pronounce his last name incorrectly. I think that sounds about right, though. Ruth or Routh, yeah. 58 previous encounters with law enforcement. This is not some guy that has a clean history. The FBI knew about him. That's the line, right?

He was familiar to us already. They always say this. They say it every time. Apparently, according to CBS News, he voted Democratic in the 2024 primary election in North Carolina. And according to the State Board of Elections, he appears to be registered as an unaffiliated voter. Take that for what you want. He's also a civilian uh fighter in ukraine he's got a couple of interviews with uh ukrainian media and american media in ukraine he's been to the capital in the states a few times and met with a few allegedly a few politicians and policy makers or policy influencers

you know he was charged with a possession of mass say possession of a weapon of mass destruction back in 2002 he's a known call i don't know what that means but george bush should have went after him if you ask me he's a known guy's a known quantity like i saw this video today of two federal agents going to a guy's front door do you see this video no it's not i just retweeted it like an hour or two ago now, maybe during dinner or before dinner. So maybe like 5.30 if you go back in my Twitter feed. It's worth watching.

It's like two minutes long. Federal agents go to this guy's front door and they refuse to identify themselves and they admit to the guy as he's recording them that they're here to talk to him about a social media post. Even though it's not illegal, they just want to talk to him about it. And he basically tells them to fuck themselves and does it, I think, rather gracefully and

more politely than I think the agents deserve, to be honest with you, the way they are carrying on. The FBI has resources for this, but they don't have resources for this guy who's clearly into war. His Twitter feed is gone now, but it wasn't gone yesterday. And some of the tweets are insane. He's putting his phone number on there, talking about he's got Afghan soldiers he wants to send to the front lines of Ukrainian battles and all this stuff and talking about how the party of the Democrats, their goal should be to keep America democratic at any cost. And the guy's clearly not well. He's sort of the farthest down the rabbit hole that a Cheerio eating media enjoyer could be. The whole point though is that he was known. The same way that this kid from two months ago was known. The feds had been to his house the same way that the fucking guy is always known right zero hedge with the great you know tweet today bart simpson say the line he was a he was a person familiar to the agency right and the classroom is cheering the fbi has to say the line every time the cis said line every

time because they always know now what does it mean to know someone led or to have this guy be familiar i don't i'm not sure exactly but gotta be enough to not let the guy onto the golf course with a fucking gun. You know, like you knew enough about the guy, but you didn't. It's just, there's a lot of people like that.

They're sick individuals that they're able to get their hands on stuff. Well, how about just worry about the ones that are in cities where the fucking president is hanging out or the former president and potential president-elect is hanging out? The reality is that number would be so large. Yeah, but instead... Fine, but instead they got guys going to

people's houses over social media posts. That's why I don't buy that. There's too many. It's bullshit. It's bullshit. These guys would give average people a hard time over something they don't like on instagram or twitter or whatever and then say they don't have the resources for this well they're they're defending or they're protecting mayor brandon johnson right exactly exactly exactly you know like it's just it it just never ends you know this guy apparently he tweeted out that he was his choice in 2016 and he voted for Trump back then.

I don't know. This guy is all over the place. Clearly, he has something wrong with him. Yeah. And this is the second time this happened to Trump in a little over two months, July 13th and September 15th. Yeah. That's twice. And the funny thing is after the first one,

three days later, four days later, it was kind of forgotten, right? Like it was just like, it's crazy event. There was like a potential next president of the United States. Somebody had a clear shot at him in July and missed.

And now this one, I'm not sure if he had a clear shot. This guy's been more assassination attempts than Kamala Harris has done live interviews. How's that? How's that stat? You know? Incredible. And sadly, this is probably not the last time we're gonna hear about this no chance no chance the media the media today like i didn't watch any stories but there's a

couple of good clips tom tom bevin who does uh god i can't remember what his outlet is i would love to talk to him about the election maybe i'll reach out to him because i think he's like persona non grata but he's he's so good on Twitter. Just like the clips from the press about how Trump brought this on himself. Like, how can you say that? How can you say that? Every day you guys are on every possible soapbox talking about this guy is going to bring down the American Republic if he wins. You don't think that maybe that contributes to this kind of thinking

maybe it pushes the guy who's 90 of the way there the last 10 guys like this what would happen if he if he does get like this was successful i think oh fuck who knows i know i know i suspect that there'd be a lot of people demanding justice one way or another and they're gonna just be civil unrest unrest a light way to put what would happen in the states there's gonna be like not to go full martin armstrong here but what like what do you put the likelihood of a brief but bloody civil unrest period at in the united states after the election i think it really depends on the margin of victory if it's like a massive margin of victory for one candidate another i think that's there's going to be a reason for one of the for people i'm not trying to justify it for people

to go nuts but if it's close enough and it's not done overnight, like last time. It won't even matter. It won't even matter. I think the method in which it's won, if it's done, if it's not like 3 o'clock in the morning, they figure things just drastically shift. If it's consistent through the day and it maintains that up until polls close and then they call it shortly thereafter, you know, on the losing side, it sucks. Yeah. But at least there's consistency along the way.

And you can't say, Oh fuck, this may have happened. This may have happened. The last time was kind of funny. It's bullshit. The elections, the elections are full of cheating and,

and one party clearly seems to want to cheat more. And I'm not afraid to say that. I think listening to Peter Thiel on the all in show last week, they just did their summit. Peter Thiel is a guy who speaks his mind and I think is broadly speaking right and has a great track record of being right, even when it's unpopular. If you look back at some of the things he said over the last five or six years, especially, he basically lays it out the same way that I would lay it out.

I think you'd be the same. People listening and watching probably share a lot of these thoughts in common with him. For the election to be legitimate, it has to happen in one night. There can't be mail-in ballots. There can't be advanced valeting. Everything's got to be on paper. And there's got to be insane levels of auditability and discussion anytime there's any inconsistencies in the result. This has to be the case. And the fact that it's not, and that one party is pushing harder than the other to make sure that it stays that way, I think tells you everything you need to know. Now you can bury your head in the sand and say, oh, well they won fair and square. Like

you're a fucking idiot. If you think that, and you're a fucking idiot. If you think the other party wins fair and square, there's so much at stake that the idea that there's not cheating is dumb. And you're dumb. if you think that there's no cheating. There's no other way to put it. But I think a lot of people have their head in the sand. The tribalism, like I mentioned earlier, has really blinded people to the reality of what's going on in elections. And don't forget, we're going to have one here next year. Are we doing three days?

That was the proposal, right? Did we end up going with that? That was the thought. I don't know exactly what's going to transpire though but we'll see uh a lot so it's a pass between now and then and it may not happen next year there's the slim possibility there could be an election this year i don't think it's going to happen but it doesn't sound like it that it sounds like it sounds like the liberals kind of deal with the block honestly block, honestly. I don't know if it's a deal that was...

I don't think that... Karina Gold today was smiling awfully big today for someone who may be in danger of going to the ballots. So I think that they've done something behind the scenes, even if not with the NDP. I don't think the NDP have the the volia to go ahead and do no they definitely don't anytime there's going to be a potential confidence

vote I don't think they're going to topple the government just because they see the polls it's not looking all good for them plus I don't think financially they're in a position to go ahead for an election so the longer they can wait the more money they can gather yeah also there is who's donating to the NDP right now and like who are these people grassroots

I'm guessing. You can figure out who the grassroots people are. But there are two provincial elections happening this fall. One in BC. The other one escapes me. I heard that Ontario is going to call a snap in the fall too. Could potentially happen. But they have a snowball's chance of forming government but in the

other places they have a better chance of forming so they don't want to have overlap because apparently a lot of workers a lot of volunteers what i'll call volunteers they will be predisposed for working on those elections so they can't work um so just sort of try to spread out the elections as much as possible where do you want to talk about the by-elections you you're uh you're a guy who's in the know about that kind of stuff i want to talk about one last thing on the international side of things this is something interesting i we can't pass up this fucking nugget here okay young british men's are this is a fucking new term never heard of this before i love these terms these fucking young british men okay yeah they're called neats n-e-e-t you've never heard this before

never heard this before it's like not edu no education employment or training or something like that exactly that yeah yeah apparently it's becoming a huge problem. This is as per Fortune magazine or Fortune website. And it's a large number of young British men are neither in work nor preparing for the world of work. And this is the highest number that we've reached in 10 years. Data shows that almost... What is the number? What is the number? It's the highest number. So it's basically 460,000 men between the ages of 18 and 24 were NEETs.

We know how that goes when there's a lot of people who have no prospects for the future or romantic prospects. We know how that looks. And this number is accelerating, right? Yeah, I bet. I bet. And so, in fact, this more implies to men. For whatever reason, women don't tend to fall in this category. Why do you think that is?

I mean, I could say a lot of things here that would earn me the ire of at least a few listeners for sure. But I will tell you that the – go ahead. Finish the story and then we'll – They say that – I'll think about what I want to say. A lot of men between the ages of 20 and 34 are still living with their parents. Yeah. And compared to just one in five of women in the same age bracket that are doing the same. So they are more independent.

So they have to. Okay. According to this, they say that they're more willing to take entry-level jobs in order to gain the experience and work their way up rather than men for whatever reason they're willing to wait around for quote-unquote the perfect opportunity to arise and this makes them become economically inactive hmm interesting i i just found this term neat you found it you found it neat term yeah well rise was something interesting too that I didn't want to go there, but I just – I like the team. Listen, I have a lot of strong feelings on this. I'm not going to share them all because they're abrasive, honestly, and I think taboo still a little bit even though they probably shouldn't be, but neither here nor there. I would suggest to you that one of the big issues is that women have an easier time finding a partner than men do. There's more men in Europe, thanks in part to immigration, but I think maybe just as a sort of broad stroke demographics issue, there's more men over there in the UK.

I should say not in Europe because they're not EU zone anymore anyways. But anyway, I'm off the beaten path. I think that that's one issue. I think the other issue is that, you know, Len, guys, the shame that guys feel taking jobs that are entry level or blue collar or whatever is amplified by stuff like social media. They have a hard time meeting a partner with those kinds of jobs. And I think it's probably also true that not all entry-level jobs have a way for you to work your way up through a company,

a corporation, whatever, the way they did before. And so the guys are more unwilling. I think the other piece of that too, Len, probably, is that a lot of these guys, especially if they went to post-secondary school, I'd be curious to hear about the stats on that. How many people went for degrees that they thought

were going to earn them high-paying jobs relatively quickly and then ended up just making coffee for a year and saying, fuck it, I'm not going to do this anymore? I think a lot of people that got those degrees that unfortunately they're obviously not in stem yeah right yeah i guess that's a big problem yeah that's a big problem too i think like there's there's a there's a conversation to be had here that is that borders on, again, taboo, about sexual marketplace dynamics between the two genders and what it means for women as opposed to men when there is a shortage of females

and certain economic actions require two people buying a house, having a family, things like that. It's difficult. I will say to those guys that what I've seen in my own life, not for me, I met my wife when I was like 25 or 26. We've been together for a long time. But I will say that guys who felt despair in their mid 20s by 30 had a lot more options because they became better earners because they were more mature. And because at that age, women are, are looking to settle down a little more and willing to be more amenable to guys who may have not fit their profile five years earlier. I think that's all fair to say, but the sexual marketplace dynamics thing is an

important one. I want to talk with somebody about that and the rise of stuff like Tinder and Bumble and Hinge and what effect that's had on young men. The Pareto principle is a real thing. If you're an attractive guy, you will always have at least a handful of girls on the go, at least. And so naturally, guys who are not as attractive have a hard time because once a girl is with an attractive guy either socially physically or some combination of the two financially you know some combination

of the three the likelihood that they will then go down a rung on the ladder for a partner is almost zero until they get a little older and then that's when you start how much you have to give up to not even want to like do anything why would you why would you like the handouts are a great many at this point right um parents because of the social shift in home ownership and home prices and how everyone understands this to be a problem now parents are more amicable to this idea that you'll live in their basement till you're 30 right i think i think all this stuff together is causing this problem it's not just a single um it's not a single issue but no but still to look in the mirror and just like fucking do nothing yeah it's pretty sad you know at the very

least if you go out there and earn a living you have an ability to potentially move up fuck you may be flipping burgers i'm not trying to say that there's going to be some great riches at the end of the day, but at least you have some experience in something as for when you apply for something else, they can call and get a reference and say, yeah, this guy or gal does a great job. He's very respectable, dependable,

and would make for a great employee. So you have to have that type of experience whenever you're going to apply for that quote-unquote perfect job. You just can't simply walk into it with fuck all in terms of no i no i totally agree i totally so like to throw in a towel that early in age that's a 24 is not that early 24 is not that early right no it's it is very early the amount of earning potential you're giving up fuck just buying bitcoins simply just using some of the money that you earn to buy

bitcoin and to make yourself more financially independent in the future yeah you know if you really wanted to like if if it's so difficult to find somebody people go abroad and find somebody you know they go to wherever and find love there but you have to have something first in order to do that you have fucking nothing yeah first in order to do that. You have fucking nothing. Yeah. Living in your parents' basement. Potentially. Potentially. Yeah. I think,

I mean, there's a lot to talk about here. This is a full episode on its own, but it's, it's something you see more and more for sure. It's the lack of desire to do anything that. Not to mention though, like there's other stuff too,

right? Like how many of those, how many of these needs are on SSsris of some kind or smoke weed every day or like this stuff this stuff contributes to sort of or like are addicted to porn god you can't tell me that if you're fucking jerking off every day you're gonna go out there and hunt for jobs and hunt for chicks and try and build something you don't you don't have the juice you just don't have the juice so like all don't have the juice. So like all this stuff together. What's the difference between weed?

I have not much experience with that. Oh, weed. I don't smoke weed. Does it matter? Yeah, I don't know. I don't smoke weed often enough to know. But I know when I do get high, like at the cottage or something with my buddies, like it wipes you out for – I shouldn't say wipes you out.

It wipes me out for the whole day. There's got to be some functional burnouts out there. I don't know. I have no idea. So like I don't give a fuck if for the whole day. Functional burnouts out there. I don't know. I have no idea. So like, I don't give a fuck if somebody does weed all the time, as long as they're able to produce whenever they're, they're called upon. I'm not sure.

I'm just saying like, if you're young, like if you're in that age group of like 20, something even early 30, and you're in this rut, these are the people that are going to be voting in the next group of people in the future. These are the people that are going to be funding the retirees for their retirement life.

If they're not earning, somebody has to earn or money has to be created out of thin air. I totally agree. Yeah, this is a big one. We've talked about this before on the show that this is an unparalleled experiment that we're running where people are unwilling to work because the future looks so bleak at a minimum, not including all the other potential issues. And you have an entire generation of people that's going to live longer. I will be retired with any luck at all at the same time as my father and you know for both of us to be collecting a pension is it's difficult for society to bear that burden and there's only so many things that can be done uh with band-aids and paper mache solutions like immigration for example to keep that sort of ponzi running eventually you need

productivity and you know to your point doesn't sound like you're going to keep that sort of ponzi running eventually you need productivity and you know to your point doesn't sound like you're going to get it from this group at the moment we have a couple of by-elections that are going to be going on today and it's one in bc one in manitoba i believe it is this is gonna be interesting because influential sorry not manitoba my mistake it's one bc one in or b or manitoba but quebec is the other one it's all the medis old writing um so the liberals if they don't have a good showing here this is going to look trudeau's going to have some questions that need to be answered and also the ndp if they don't have a good showing sing is going to have some questions that need to be answered and also the ndp if they don't have a good showing sing is going to have

some questions that need to be answered as well uh if the conservative steel won um that's going to be interesting to see so tomorrow morning is going to be uh because the house is also in session tomorrow as well yeah and it's going to be a lot of fireworks um i'm i don't know what's going to happen i don't even want to place a prediction but whatever it's lasalle emar verdon that's the one that's the medis i have a friend who lives in verdon yeah yeah is uh elmwood transcona so that was an NDP stronghold for the past decade plus. So if the NDP lose that one, there's almost a, there's almost a guarantee that both will be lost by the,

you know, I think that, uh, I don't want to speak for the prime minister, but I think he said that, uh, or someone from the party said that they don't view this as a referendum on Trudeau.

They just view it as just another local election. I mean have to say i know i know yeah remember that guy we we put the video of on the guy who's like talking about how they cheated or whatever and it was right behind him was the sleeping hobo yeah yeah that's that's actually a good segue to the next topic we've got a few more we got time to do it i think yeah we did bank update the feed ontario report came out and reporting food banks in ontario was used a total of 7.7 million times in a 12-month period between april 1st 2024 to sorry 2023 to march 31st 2024 so in that 12 months it was used 7.7 million times now did some math here if we assume somebody used a food bank three times a day

I'm being generous I don't think people tend to use it three times a day but let's just say food bank is not the same as uh like a like a feed center you go to the food bank and bring food somewhere else I think right so you probably wouldn't go three times a day but you might use it for three meals so i'm giving it a benefit of the doubt here it's used three times that means some 2.5 million people in ontario use the service um 15.6 million people live in ontario as of 2023 the number is obviously higher now so that translates if we used up you know they use it three times a day to food bank that means 6.2 percent of people living ontario use the food bank and i'm being generous here obviously that number i'm giving a lot of leeway here it's probably much

higher that's a lot of people using the fucking food yeah what do you want to why are they doing it what do you want to bet that when the breakfast program rolls out the government will say that if you look at food bank use it's down that's a sign the economy is getting stronger but really what's happening is the kids are just being fed slop in school i would put the i would put the likelihood of that at 100 you know like my daughter for instance if she gets um you could buy like food for lunch they can get and it's pizza or subs or stuff like that yeah It's garbage. Yeah. But they like it.

She didn't sign up for it this year, but kids like it and enjoy it. Whatever. Canada's mortgages. Oh, man. This is nuts. This is a good story. Go ahead. So this news came out today with Freeland. She had a press conference, and she was mentioning that there's some recent changes to Canadian mortgages.

They're going to be increasing the $1 million price cap for insured mortgages. Now that's going to be $1.5 million. This is effective as of December. Which will allow greater inroads in high-income communities in Canada continue? Well, considering that homes themselves um it's hard to find many under a million and so they're just because money supply expanded and everything went up as a result now you just have to increase the the floor in which you could get insured mortgages now it's 1.5 million as of december 15th it costs you by the way except

the fee for the insured mortgages is about 70,000 on you just amortize that over 30 years, which is the next thing is now they're going to be expanding the eligibility for 30 year mortgage amortizations for all first time homebuyers and all buyers of new bills that's going to be also effective as of December 15 2024. This is up from 25 years now, we talked in the past to Tom Carrazza and Nick Carrazza about there's potentially, there's

going to be an election issue. It looks like there may be an election soon, 12 months or so. Here we are. And they used to have 40-year mortgages at one time, not just for simply new homebuyers, but everybody had the ability to get 40-year mortgages here in Canada. They've since shelved that. And I think it was the Liberals that shelved it, to be honest. I don't

think it was, which is interesting. Either way, yeah, now it's a new policy, first-time home buyers, new builds, you're able to take advantage of this 30-year mortgages. It's just going to elevate the prices. Now you have a greater- It's going to elevate the prices now you have it's going to elevate the prices and lower the quality of new builds for sure okay i mean you have to sell me on that part the second part the first one there's going to be more demand for new builds because of this and they're just going to put them up as fast as they can the quality new builds is already like basement to complete shit uh i've seen i i gotta think 90 of new builds i've seen in hamilton are these sort of uh you know pretend luxury looking homes with the two pillars in the front that look to be metal but

then the first winter they split and splinter because they're actually made of plastic and they expose the you know four by six underneath it this is like this is the big problem I have with this is that it's clearly a two-pronged attack. Not attack, but a two-pronged defense mechanism. One, for the voters, people who don't understand that this is going to eventually lead to their demise. Like I said last week, I've said many times, we'll clap for this. But isn't this also indicative that there's a real problem with presale closures right now. People can't- There is people walking away. Right. I think that's the big thing. I think that's the one that really counts.

And so it's funny when people say, I hear friends of mine will say like, Ford is in bed with the builders, blah, blah, blah. Like, well, what is this then? This is support for presale more than is more than it is anything else. Cause it's not going to help you. You're gonna have to work five years longer. Your payments are going to be brutal. You're going to be more susceptible to interest rate volatility because you're going to have more,

uh, more amortization, longer amortization. I should say like, it's not, this is not going to help you. You know what this highlights, Joey? Debt is harder to get, which happened when they increased interest rates.

And these people are trying to complete or finalize the purchase of these new bills. And they couldn't secure the mortgages. The whole economy is built on fucking debt. Everything is built on debt. 2% is debt. is the whole economy is built on fucking debt everything is built on debt two percent is it's debt when it's built on debt it can't sustain itself forever because there's going to come a point in time when debt runs dry when either it gets too hard to issue debt because rates are too high or banks are unwilling to lend out money because they just don't have anything that's a big one that's a big one this is going to be really problematic when the next time we have a situation like we had in 2008 because now everything is now a multiple of that and

things when they crash it's going to fall even harder to where it fell back then i'm thankful i have a lot of bitcoin also thankful i also thankful I own, not all right, my house, but I've been here for a long time, so I've got a decent amount of ownership here. I'm in a much better position than a lot of other people. For sure, man. Even if I theoretically just walk away from my house, like I have...

How about too, like isn't the other problem too, like if you want to... This is the other thing. Like we talk about family formation. Sometimes on this show, we obviously had, uh, I can't remember Dan, Dan,

uh, Hassan more births. If you're, if you're in my situation a year ago, right? My wife and I wanted to move. Our neighborhood was going downhill. Another shooting in my old neighborhood,

by the way, uh, over the weekend. Uh, if you wanted to move out of your neighborhood to a nicer part of town because your earning power went up, let's say it went up by 15% over the last five years. Who knows? I think it might went up a lot more than that, but it's neither here nor there. And you wanted to start a family, get something bigger or some combination of those two things. So you decide you want to move.

You actually have less purchasing power than before because now you're competing with this bonus that these other people get, right? You can do 30 year AM if you're a first time home buyer, or if you're buying a new build. And I would have been neither of those things, right? And so you're fighting now with people who ostensibly have just made, like people are being rewarded for making poor decisions. Like I hate to say it, but what else can you call this group? These are the people who made poor decisions. These are the people whose families made poor decisions.

Like, yeah, bank of mom and dad helps sometimes. I got a loan from my dad when I bought my first house. I'm not ashamed to say that. He made a lot of good choices and I made a lot of good choices along the way. And like that kind of stuff compounds. Yeah, welcome to the world of reality, right? Good decisions compound on each other.

And you, you benefit from those things as an individual or as a lineage, plain and simple. And so if you get into a situation where now you want to cash in on some of those good decisions and you find yourself competing with people who did the wrong things along the way and can now get an uninsured or insured mortgage at 30 years, well, you got to play a 25 year game game how fucking fair is that it's not let's be honest there's there's a lot at play here a lot of variables for sure and as we said before who are like the have-nots significantly outnumber the haves in this country now and that gap is growing every day it's clear in the policy decisions. So you got to think about these things,

man, if you decide to stay here. I'm pretty content where I am, but this was a signpost day for me. The people making policy don't care what I want or what I think I should have or about the good decisions I've made. In fact, at this point, if I was going to move, I would feel like I'd been penalized for them. Waiting and doing the right things and getting into the market early and making the hard decision to go through a rate period of historically high rates, highest in the last 20 or 30 years. You would feel ostracized a bit. And I think this is, like I's this this is signpost day for me this is one i will remember remember and joy there's one last story it's closing on eight o'clock i want to just get to this one this is a beauty because it's from ctv it's a story that uh well it impacts us all i guess and it's not about the economy and not about health care it's not even about the recent change in the mortgage rules no No, it's about scientists. They've received the LG

Nobel Prize for their work for the discovery of mammals who could breathe through their anus. And apparently many mammals can breathe through their anuses. And although I suspect that this breathing may be temporarily suspended by some folks who celebrate

during the summertime that may have their hoop preoccupied by some foreign object. Oh my god! I'm not saying why. Oh, fuck! Oh no! I'm not saying anything particularly. We are fucking banned.

No, we're not. There's no specifics here. I'm just very general. Anyways, yeah yeah i like this reporting from our esteemed journalists ctv does it again and give a thumbs up for this i love this stuff just remember okay i tweeted this the other day so sorry if you read this right just remember anytime someone tells you that nobel winning economists are supporting an economic policy nobel winning economists think bitcoin's not going to work nobel winning economists say the environment is heading the wrong direction just remember remember that there is a Nobel prize for literally everything.

And even if you're like an ass breathing enthusiast, my wife, by the way, hates when my anus is breathing. I usually get her under the covers and make sure that she can, she knows exactly how much my anus is breathing when I want to get her real good. I want to bring her to holland so i i mean like just remember this okay this is what uh this is what the nobel laureates are up to oh fuck that's it let's get the fuck out of here resume next time they apply for something yeah what did you get it for i don't want to talk about oh my god i'm a nobel laureate come back tomorrow. Me and Daniela are going to talk about learning Bitcoin coming down the pipe here on the West end of the country.

Until then. In one minute, Trump starts. I can't wait. Take care of yourselves. Talk to you soon. Don't be a cuck and don't buy that shit coin.