turnip @ turnip @sh.itjust.works

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Joined

5 mo. ago

If Project 2025 is to be believed then the goal is to remove tariffs on the US, including things like dairy, telcos, and banking. Which it will be interesting what that looks like if it does happen, I do wonder if things like cheese and cellular would be made more affordable via economies of scale.

As long as they only allow left leaning propaganda then its okay.

The whole monetary system is smoke and mirrors. If people don't consume more than last year the entire system can collapse and central banks buy up all the debt that is suddenly considered bad.

Then we wonder how stores of value like housing, gold, and bitcoin can rise so astronomically in nominal terms.

Okay I mean they are simply citing what someone else openly said in the video they linked. You can come to some opinion yourself I assume; as to whether we want foreigners to rent our own housing stock back to us, due to a mass immigration scheme that pushed prices out of reach?

The energy of "no business case" for alternatives export markets like Germany or Japan? Given he worked in the ESG department of Brookfield I'd garner that he will continue that legacy.

Who needs a funded social safety net, we can simply borrow billions more, and further fuel home prices to artificially grow GDP by eating the poor.

https://betterdwelling.com/canadas-next-pm-working-w-vancouver-condo-king-on-foreign-investment/

ETH is a massive premine, making you exit liquidity.

Its basically buying silver instead of gold (bitcoin) because its "cheap".

Firefox of course.

I'd also suggest their VPN, as its a cheaper mullvad.

1. The state of the housing market has nothing to do with immigration and those who want you to believe it has wants you to be mad at a scapegoat so that you won't look at the real issues.

Alright well, that's just silly. Even the Bank of Canada admits its inflated housing.

Carney never said a single thing against mass immigration until Trudeau did, and it was only after the polls turned deeply negative for the Liberals. The Liberals didn't care at all until their polls suffered, even though they ran on fixing housing every single election.

It was done to invert the Phillips curve and prevent a wage price spiral, at the expense of the poor and renters, so I actually assume Carney told him to do it.

I dont support bad central planning. Look at most countries entitlement systems, which is supposed to be a simple savings plan administered by the government, its as basic as it gets. They are now massive anchor that can capsize a country because of how poorly done they were.

Except this anti-development stance made us fully reliant on the US, and it funds our social safety net.

But the Liberals don't give a shit about the poor, if housing is any indication.

Around Covid, after which we did mass immigration to prop up falling GDP :

Around the same time, in August 2020, Trudeau tapped Carney to serve as an “informal adviser” on the government’s pandemic recovery plan.

https://www.ctvnews.ca/politics/article/who-is-mark-carney-the-former-central-banker-running-to-be-liberal-leader/

Profits are why developers build housing, for consumers its an inelastic good obviously.

We have simply made land costs too valuable via regressive zoning and greenbelt, alongside the slow bureaucracy, poor mass transit. Then you have high developer taxes as I mentioned, which directly erode profit.

When supply is diminished and debt is cheap it becomes a liquidity sponge where supply doesnt increase to match capital, and people speculate on rising values like they do Bitcoin or gold, except with cheaply borrowed money that is insured and a liability to our own government as they buy half of all mortgage bonds.

The last 5 years he's been advising Trudeau.

https://www.centuryinitiative.ca/news/announcing-a-new-globe-and-mail-event-building-for-growth---housing-and-infrastructure-for-an-expanding-nation

You think people can afford to pay cash?

I think people sign up for 30 year mortgages because interest rates are below real inflation and they can make an arbitrage, as they benefit from the cantillon effect because 'housing always goes up'.

I also think cheap debt drives shortages in housing, its a symptom of currency debasement and does not reflect a support for prices.

Because of monetary policy?

His project 2025 he's clearly following does have a section on the Federal reserve, and its far tighter than it is now. I can see prices fall as shelter prices collapse.

Who do you mean, the Liberals who prevented energy export to other countries under the guise of preventing climate change?

See that makes a lot of sense on something like abortion, it really muddys the water and makes it seem more like a fake hit piece when you include things like US aid.

The problem is nimbyism, sprawled zoning, and large developer taxes used to lower property taxes; which is why matching immigration to housing completions is important, and an obvious thing to do if you care about the poor.

But people downvote criticism of their faux progressives. People got a whole 400$ in dental work as their rents doubled, wholly unfunded and paid with future austerity of course.

So do country that don't have programs like US aid for other countries or who have tariffs on imports all have a low freedom ranking?

It seems rather absurd.

Can't have the people using unsanctioned software.