HOW FINANCE SHOULD BE: LISTEN and LISTEN TWICE.
— Nassim Nicholas Taleb (@nntaleb) November 22, 2022
This is an experienced trader, of my generation, no-nonsense, down to earth, direct, unapologetic about his scorn of the moronic technoyouth, revealting to us what he told SBF.
h/t Mike Harris https://t.co/s0OtFkAAOA
When one needs that famously compassionate Canadian health care, the reply can be to GO KILL YOURSELF!
A disabled veteran in Canada has slammed her government for offering to euthanize her when she grew frustrated at delays in having a wheelchair lift installed in her home.
[...] After years of frustrating delays in getting the home lift, Gauthier says the caseworker told her: 'Madam, if you are really so desperate, we can give you medical assistance in dying now.'
This wasn't just a single incident.
The worker who made the offer hasn't been named, but they are feared to have offered three other veterans who contacted VAC with problems the same 'solution', Global News reported.
It was definitely a shock.
'I was like, 'I can't believe that you will … give me an injection to help me die, but you will not give me the tools I need to help me live,'' she said.
Yup, because that's cheaper! Canadians have to comprehend that they are financially responsible for their health care and retirement. Government health care and pension should be counted as a zero! If they do miraculously get any proper medical treatment or pension payments in the future, then they should count it as a bonus. Otherwise, have savings for hospital visits in the US and keep filling up the RRSP and TFSA.
Notice this is the only time they put all white people instead of having a diverse set of actors.
— Jake (@Jakyboy1201) November 29, 2022
Boomers: Why don't you buy a house?
Answer:
[...] average income of Ontarians between the ages of 25 and 34 years has stayed nearly the same for decades, lingering at an average of roughly $50,000 a year. According to the latest data from StatsCan, the yearly income was $50,800 in 2020.
While the average house goes for $1 million.
“It takes 22 years of full-time work for the typical young person to save a 20 [per cent] down payment on an average priced home,” the report reads, which they say is 17 years longer than when “today’s aging population” were their age.
Read that again: 22 years of savings to pay for 20% of an average house. Simply unaffordable. To top it all off, the nefarious Canadian government will be importing 500,000 people every year which will continue to keep wages low and further increase real estate prices.
— BowTiedBrodin - Chad Polyglot (@BowTiedBrodin) December 2, 2022
Who among us hasn't made a tiny math error?
Sam Bankman-Fried says he "misaccounted" $8 billion after some FTX customer funds were mistakenly counted twice, Bloomberg reported. The news outlet interviewed Bankman-Fried at his $30 million Bahamas penthouse after the collapse of FTX. The former billionaire – who now says he's down to his last $100,000 – showed Bloomberg's Zeke Faux a spreadsheet of FTX and Alameda's accounts.
Won't you feel sorry for this poor guy who is down to his last few notes of cash? He just might be forced to sell his $30 million property. So sad!
Sam Bankman-Fried: I don’t know where $10 billion dollars went
— Not Jerome Powell (@alifarhat79) December 1, 2022
The Pentagon: We don’t know where $2.2 trillion dollars went
The IRS: You just sent $601.37 don’t forget to report it.
Which phenotype is This? pic.twitter.com/XKnOsUk7Qh
— 1KxK (@TmyaTwotter) December 2, 2022
— BowTiedSnakeE - Ask About Me! (@BowtiedsnakeE) December 1, 2022
Once again. FTX was not making $10M a day in fees (it was fake stuff to help launder money). The money is gone, the BTC is gone, there were no businesses.
— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) November 25, 2022
Anyone who thinks otherwise is just purposely ignoring the facts. It was an illegal money laundering enterprise https://t.co/20Kj3eKS8a
"I went from being a multi billionaire to not being able to use my ApplePay "
— Donda Times (@dondatimes) November 22, 2022
"it can happen to all Americans for saying the wrong idea out loud" pic.twitter.com/XshydrxYTx
“I don’t even know the price until it shows up,” he said.
In the last few weeks, Dean has considered himself lucky if he gets a quarter of the cases he normally needs, and actually, that’s fine, because at these prices — $6.99 for a head of iceberg, $14.99 for a bag of three romaine hearts — nobody’s buying it anyway.
That's some very expensive water thanks to the supply shock in California.
The end of easy money really hit crypto hard:
Makes sense, check out the distribution of predictions from PWC’s annual crypto hedge fund survey…comes out June/July every year. pic.twitter.com/lSAo0hX10K
— BowTiedNarwhal (@BowTiedNarwhal) November 23, 2022
Thanksgiving dinner will cost 20% more in the US this year, per Bloomberg.
— unusual_whales (@unusual_whales) November 23, 2022
Betty Henry, a consumer in London, Ont., has been using E.D Smith's Pumpkin Pie Filling for 50 years to make pies for Thanksgiving. She says she noticed a difference in the filling as soon as she opened the can this year.
The pie filling used to list vegetable oil as the third-largest share in the ingredient list.
In the new version of the product that Henry used this year, vegetable oil had been moved to sixth place. And taking its place at third? Water.
The company watered down the product and then, to add insult to injury, spiked the price by 50% in under two years.
The price of the pumpkin pie filling has increased by more than 50 per cent since January 2021. At that time, the pie filling was $3.99. In October 2022, it had gone up to $6.03 at Loblaws stores in Toronto. Both versions of the can were 540 millilitres.
It's understandable when businesses have to increase prices. Shrinking the product packaging has become standard practice. Still, uncool. However, boosting the water content while keeping the same product name is scummy.
The FTX story should mean the END of the DemocRat party. Why isn't it? pic.twitter.com/autnBSzI4Y
— Rebelcat (@rebelpuss) November 15, 2022
ACTUALLY, our diligent fact checkers have found ZERO evidence of $$$ from Ukraine to the Democrat Party. Now, back to our regular programming: Democrats are super awesome and how DeSantis is so much worse than Hitler.
You rang? https://t.co/6i0lyds9k0 pic.twitter.com/ewFfQwGLtx
— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) November 14, 2022
Bernie Madoff's ponzi scheme was shockingly un-sophisticated.
— Trung Phan (@TrungTPhan) November 11, 2022
He essentially kept money in a single Chase checking account and paid out redemptions from it.
Before blowing up, the checking (checking!) account held $5.5B. pic.twitter.com/wG6Qo1RVOn
So, the banksters at JP Morgan Chase must have known about the Ponzi scheme but didn't do anything about it.
For those unaware of what a real recession is. It isn't "6 months and back to normal". It is a slow and painful deleveraging that drags on and on as everyone tries to "buy the dip".
— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) November 10, 2022
The deleveraging part is what people are missing, since we've accumulated so much debt.
Highest inflation in 40 years + job losses + increasingly higher interest rates + crypto crash + stock market bubble pop + real estate downturn = PAIN
— large virgil (@virgilthebig) November 2, 2022
Big Sugar is definitely using cheaper and lower-quality ingredients in their bite-sized candies. I've noticed that with M&Ms. At first, I thought that it was unsatisfactory because of the small amount but nope; it just tastes off. I avoid almost all Hershey's. You couldn't pay me to eat that American garbage.
Various Japanese (Royce), Swiss (Lindt), German (Ritter Sport), and British (Cadbury) chocolates taste so much better.
What's better than importing one million people every three years? Opening the gates to one million every two years, of course!
The federal government is planning a massive increase in the number of immigrants entering Canada, with a goal of seeing 500,000 people arrive each year by 2025.
Immigration Minister Sean Fraser revealed the new targets on Tuesday, saying the move was necessary to ensure Canada's economic prosperity as the country struggles with a labour shortage resulting in 1 million job vacancies.
It's simple economics. The job vacancies are because of low wages. Canada is a big place. The average young guy is not going to move to a different part of the country for a job that pays close to minimum wage. However, there are hundreds of millions of people in the world who would be more than happy to make $15/hour in Canada.
The average house close to Toronto (45 min. car ride, 90 min. train one-way) costs $1 million. Young people here can't afford to pay $5,000 a month for a mortgage for decades. However, new immigrants don't complain as ten of them live in a 3-bedroom apartment while each pays $200/month in rent.
The real estate situation will get worse in the long run as demand escalates while the supply can't keep up. Oh, and that's just the economics downside. The whole cultural enrichment aspect can't be denied.
🇨🇦#Canada
— Klaus Arminius (@Klaus_Arminius) October 26, 2022
Malton trashed with litter after a fight broke out between Indian Hindus and Indian Khalistanis.
One resident told us: “The government is importing warring foreigners” pic.twitter.com/qUjy2L1pIq
Most Canadians understand this at some level. That's why they oppose increasing immigration. Unfortunately, nobody in the political spectrum stands up to this nonsense of inviting hordes of warring foreigners.
— Alex Jones Industrial Average (@AlexJonesIA) October 25, 2022
When everything is powered by debt (mortgage, stonks, crypto), then a spectacular rise in interest rates takes it all down.
What does it mean for housing?
— AndreasStenoLarsen (@AndreasSteno) October 21, 2022
The move in the 30yr mortgage yield is simply unprecedented. The current average level around 7% implies a 20% drawdown in residential prices over the next 9-12 months on historical correlations
The correlation is VERY strong
4/n pic.twitter.com/o70fXCqm8i
Imagine if a car dealership froze the prices of their cheap models for three months. Would that be newsworthy?
Loblaw (L.TO) is freezing prices on more than 1,500 No Name products until Jan. 31, as skyrocketing inflation continues to drive up grocery bills for Canadians.
Canada's biggest grocer announced Monday that it will freeze prices of all its private label No Name items until the end of January.
So, one of the largest grocery chains in Canada won't increase price of some products for three months. Since the beginning of 2020, I've noticed that the price of an average item in a grocery store goes up twice a year. So, basically, every six months, there's a price increase. Of course, they don't all go up at once but that's the general time frame. Freezing prices for three months doesn't sound that impressive.
All Loblaws has done is set themselves up for a huge price hike in February and informed us all about it in advance.
Biden stomps on domestic oil production, empties the strategic reserve by half, and then begs the Saudis to delay their cuts. What a clown.
A bombshell statement from Saudi Arabia states the Biden administration reached out and pleaded with them to delay the OPEC deal to cut oil production until after the midterms.
Saudi Foreign Minister Prince Faisal bin Farhan Al Saud said Thursday morning that US officials 'suggested' postponing the decision to reduce output by two million barrels a day by a month until after November 8, when millions of Americans will cast their ballots.
— BowTiedApollo ☀️ Aesthetics & Culture (@BowTiedApollo) October 6, 2022
He's right. The default power consumption settings on the 4090 are needlessly high. Given the crazy inflation, job losses, and higher loan payments, many will likely skip building a PC for this generation.
🚨 BREAKING:
— Rob Roos MEP 🇳🇱 (@Rob_Roos) October 11, 2022
In COVID hearing, #Pfizer director admits: #vaccine was never tested on preventing transmission.
"Get vaccinated for others" was always a lie.
The only purpose of the #COVID passport: forcing people to get vaccinated.
The world needs to know. Share this video! ⤵️ pic.twitter.com/su1WqgB4dO
Biden’s on track to practically empty our strategic oil reserves to get Democrats elected in November.
— Eddie Zipperer (@EddieZipperer) October 5, 2022
Cancelling the Keystone Pipeline was a history-book-level screw up. pic.twitter.com/L8OqFzX23j
OPEC's response was predictable: cut production!
2020-21 timeframe was insane with stock, real estate, and crypto gains. Now, with exploding interest rates, almost everything is down. Those who bought puts for this year hit it big.
No where to hide. Don't be upset if you're down this year every single asset is down. https://t.co/J5iUM9ia4o
— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) October 4, 2022
Thanks WaPo but The Babylon Bee already did this pic.twitter.com/7ndni8z7z7
— Joel Berry (@JoelWBerry) September 28, 2022
They really did it
— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) September 20, 2022
They think you are an idiot pic.twitter.com/LW2laA87Gh
Yep. People who think "they just won't sell" don't understand how greedy Americans are.
— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) September 21, 2022
They will be destroyed. Already saw it in 2008 lived it and it was brutal to watch.
Will the responsible ones make it? Of course because they have wiggle room. Most don't https://t.co/7fm8F2ON3e
That's the major downside of a debt-powered lifestyle. Remember reading a story about a guy who kept on buying more and bigger as his income went up. He moved his wife and children to a better house with a larger mortgage. Got a newer car; wife got her own. Eventually wife quit her job to stay home. More toys, lavish vacations. The problem? Zero savings and insane debt.
He lost his job in 2008. Sold her car. Then, his own. Couldn't pay mortgage. Moved in with the in-laws. He went from a $200,000 salary to working part-time at Walmart. He had the option of wiggle room but he wasted it.
Can't the UN find smarter coloreds?
When asked by Bill Clinton about where the money is going to come from to facilitate a global ESG transition, one of the UN's ESG Czars said:
— Will Hild (@WillHild) September 20, 2022
"Just like how we found $17 trillion for COVID, the money must be there somewhere..." pic.twitter.com/q7KJhLcYl8
They can always bury a few benjamins and wait a couple of months for the money to start falling.
The evidence against the Covid vaccines is on the verge of becoming undeniable by the mainstream. Between the excess deaths, the declining fertility, and the hard evidence being provided by embalmers around the world, the lethal nature of the vaxx is on the verge of being conclusively proven.
I heard about a young, healthy police officer who died suddenly just one day after his third vaxx shot. Who knows how many died directly because of the vaxxes? We can get an approximate number from the excess deaths.
Let's see how many NPCs wake up and realize that they gleefully and repeatedly jabbed themselves with poison.
Guy 1: Kills himself working 80 hours a week get $1,000,000 on a W2 = $500K+ in tax
— BowTiedBrain (@BowTiedBrain) September 19, 2022
Guy 2: Sits back collects dividends worth $1M. Doesn't produce anything = $200K in tax
USA Left Wing: "we need to raise income taxes!"
Wut bro? Did you run the numbers?
Yeah. Here, in the largest province of Canada, if one earns an annual income of $66,000, then the income tax amount would be $12,191. That's a 18.5% tax rate.
Instead of income, if a rich guy got $66,000 worth of "Canadian eligible dividends" from his investments, then his total tax amount would be ... $71. That's a 0.1% tax rate.
All this can be easily calculated but most stupid Canadians would still push for higher income tax rates.
My mum got this @BritishGas. This is insane. pic.twitter.com/wWu9RBMDMb
— Alex Hilton (@alexhilton) September 17, 2022
Nearly 90 per cent of Canadians aged 18 to 29 feel their parents had an easier time buying a home or starting a family, according to a new poll examining economic pessimism among young people.
Friend told me to check amortization period since i'm on a variable rate mortgage
— Fahd Ananta (@fahdananta) September 12, 2022
RIP me pic.twitter.com/5vESuiH1IK
How it started vs. How it’s going. pic.twitter.com/Ukps267fh7
— Ben Swann (@BenSwann_) September 9, 2022
California has had electricity problems for over two decades. They can't manage current supply but they want to boost the demand? There's one simple way to get to equilibrium without increasing supply: price spike.
Excess mortality in Switzerland.
No doubt the intrepid Swiss government already has its crack scientist-investigators on the case of this deeply puzzling medical mystery.
The combined little grey cells of Poirot, Marple, and Holmes are needed to fully crack open this profound mystery.
Nobody is going to halt the fixed costs of businesses: rent, insurance, property taxes, necessary utilities, basic maintenance, increased loan payments thanks to lockdowns and high interest rates, etc.
The German Minister of Economics, Robert Habeck:
— TheRealTom™ ✊ (@tomdabassman) September 7, 2022
'Bakeries, craft businesses, cleaning companies.... they can just stop producing this year, but they don't go insolvent. They don't work into the red.'#Germany #EnergyPrices #Energy pic.twitter.com/A9poyIZkjk
The stunned reaction of the interviewer says it all. Let's see how long it takes before they make nice with Putin.
My God it is beautiful pic.twitter.com/oEBGKmbMl8
— Kyle Beckley (@Kyle_Beckley) September 7, 2022
Quite an impressive "vaccine":
LMAO “every 90 days” 😂 😂 😭 pic.twitter.com/Bbwrmxs9j5
— BowTiedRanger (@BowTiedRanger) September 2, 2022
Mr. Ukraine Flag is very confused:
I got this electricity bill today, how in the name of God is this possible, we're a small coffee shop in westmeath pic.twitter.com/uz5J8BePhB
— poppyfields cafe.🇺🇦 (@DolanGeraldine) August 29, 2022
If you thought 50% inflation in under three years was bad:
That is nuts.
— Wall Street Silver (@WallStreetSilv) August 28, 2022
A pub in the UK is going from about £1,000 ($1,200) per month to over £6,000 ($7,300) per month on their new natural gas contract. https://t.co/WySDD3A1sr
Russia is going to topple quite a few European governments in the next year.
$7 a day for 500 mg caffeinated ice-cream for breakfast everyday.
— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) August 27, 2022
Best marketing scam Starbucks ever came up with, ice cream for breakfast
It's still bizarre for me to see how so many people in America and Canada consume so much sugar to start their day. I still remember being shocked when I was introduced to pancakes drenched in maple syrup for breakfast. Intensely sweet!
I dated a girl who's family would enroll in college, take out as much student loans as possible.. Then drop out once the money came in. It was a strategy given to them by friends in the local Iranian community. Shady!
— Ryan A (@ryanutahn) August 25, 2022
After the partial debt forgiveness, the scammers will take out even larger loans. The fraud will intensify. The same logic applied to the past immigration amnesties. It lead to greater illegal immigration; the illegal aliens were logically gambling on another blanket amnesty for themselves and their families.
— William Wiley (@WilmWiley) August 25, 2022
Exposing the SIMP Economy: How Profitable is the Only Fans Industry?
— BowTiedCommoner.eth | snarky economist (@BowTiedCommoner) August 17, 2022
Watch Here! https://t.co/RUPI0ptPHR pic.twitter.com/OWR6d8me8y
I’m going to tell a story for those people who think dealing with the IRS is somehow fair or “reasonable” — buckle up.
— LibertyJ (@LibertyJen) August 10, 2022
When I was a kid, my dad owned a small cabinet shop. He decided (against better judgement of my mother) to go into partnership with another furniture maker 🧵