(02-25-2016 11:57 AM)rudebwoy Wrote:  Money is leaving Canada.

http://www.zerohedge.com/news/2015-11-02...utflow-eve

Overheated Canadian real estate market correction in 3... 2... 1...

(02-25-2016 12:07 PM)Ghost Tiger Wrote:  

(02-25-2016 11:57 AM)rudebwoy Wrote:  Money is leaving Canada.

http://www.zerohedge.com/news/2015-11-02...utflow-eve

Overheated Canadian real estate market correction in 3... 2... 1...

One can only dream, it will be a shit show if it melts down because the canadian gov't guarantees the mortgages, not the banks. The banks can just walk away, they don't need a bailout, and the gov't has to bail themselves out aka Austerity.

(02-25-2016 01:23 PM)Dr. Howard Wrote:  

(02-25-2016 12:07 PM)Ghost Tiger Wrote:  

(02-25-2016 11:57 AM)rudebwoy Wrote:  Money is leaving Canada.

http://www.zerohedge.com/news/2015-11-02...utflow-eve

Overheated Canadian real estate market correction in 3... 2... 1...

One can only dream, it will be a shit show if it melts down because the canadian gov't guarantees the mortgages, not the banks. The banks can just walk away, they don't need a bailout, and the gov't has to bail themselves out aka Austerity.

Then it's the Iceland model for us then. I can't wait.

Real estate prices have to come down, in Toronto at least.

$350 for a shoe box condo is ridiculous. Only foreign investors can afford that, I get the feeling they aren't coming like before.

There is still massive demand in Vancouver. I get notices from realtors almost weekly about selling my place. There is such a demand for 2-3 bedroom places here that my place could sell for $150,000 more than I paid for it 2+ years ago. Supply and demand set the market, and right now places that you can raise a family in are selling for outrageous sums. But people want them!

When there is a correction, it will be the suburbs that suffer here. There are just too many people trying to live inner city that they are building two schools in my neighborhood in the next year. Meanwhile suburban schools are being closed down.

The media is always talking about this being the blame of foreigners. Well, again they are pushing their own agendas.

When I bought my place it was people just like me that were showing up to open houses. Not one single mysterious Chinese man sitting in his Bently buying places with briefcases of cash.

Nope, just entrepreneurs/professionals/artists with young families and wives wanting to live in a rough around the edges inner city community. They want to raise kids in smaller spaces and take advantage of schools in high rises an elevator ride away, the pubs and restaurants 2 min walk, the swimming and skateparks and greenspace all around with the ocean on two sides.

(02-25-2016 02:37 PM)rudebwoy Wrote:  I get the feeling they aren't coming like before.

The lower dollar actually make it more attractive for them to park their money here.

Do Quebecers actually realize who it is they get to steal billions from every year?

http://www.theglobeandmail.com/report-on...e28962973/

Quote:The Quebec government will file an injunction in court to press TransCanada Corporation to follow the province’s environmental process as it prepares for its Energy East pipeline.

Environment Minister David Heurtel announced the court action in a news conference Tuesday morning.

He said the action doesn’t indicate whether the province agrees with the project or not, but said the corporation must comply with the environmental laws in place.

Back in 2014, the government asked the Alberta-based corporation to submit a pre-project proposal which can then be evaluated by the ministry of environment. As part of the process, TransCanada is supposed to conduct environmental impact studies.

TransCanada said it doesn’t need to follow the province’s rules, since this is a cross-Canada project, so it will follow federal rules set out by the National Energy Board.

Despite TransCanada’s refusal, the government will hold environmental hearings into the project starting next week, without the impact studies usually required.

Energy East is a $15.7 billion pipeline to be built between Alberta and New Brunswick, serving several refineries along the way including the Suncor plant in Montreal East and the Valero refinery in Lévis, south of Quebec City.

The project also entails building a marine terminal in Cacouna, near Rivière-du-Loup on the south shore of the St-Laurent, a point of contention for many environmental groups, who fear it will harm beluga whale habitats.

All this does is ensure OPEC's near total monopoly over Central and Eastern Canadian oil supply will continue. It's a bunch of useless pandering pablum for the "progressive" people in Quebec who are lied to by their own media every day and told THEY contribute to Canada more than anyone else.

Canada is an increasingly useless place where obsession with stupid concepts like social justice have paralysed our ability to make even the simplest of decisions, even those that would clearly be in the national interest. It's truly absurd.

It's clear to me now that Canada no longer functions. Alberta should get out. Saskatchewan too.

Any Americans on the forum want to pick up our oil reserves? I've never thought much about being an American myself, but if Alberta was the 51st State, even a Democrat would have a hard time saying no to Keystone XL.

(03-01-2016 12:52 PM)DannyAlberta Wrote:  Do Quebecers actually realize who it is they get to steal billions from every year?

http://www.theglobeandmail.com/report-on...e28962973/

Quote:The Quebec government will file an injunction in court to press TransCanada Corporation to follow the province’s environmental process as it prepares for its Energy East pipeline.

Environment Minister David Heurtel announced the court action in a news conference Tuesday morning.

He said the action doesn’t indicate whether the province agrees with the project or not, but said the corporation must comply with the environmental laws in place.

Back in 2014, the government asked the Alberta-based corporation to submit a pre-project proposal which can then be evaluated by the ministry of environment. As part of the process, TransCanada is supposed to conduct environmental impact studies.

TransCanada said it doesn’t need to follow the province’s rules, since this is a cross-Canada project, so it will follow federal rules set out by the National Energy Board.

Despite TransCanada’s refusal, the government will hold environmental hearings into the project starting next week, without the impact studies usually required.

Energy East is a $15.7 billion pipeline to be built between Alberta and New Brunswick, serving several refineries along the way including the Suncor plant in Montreal East and the Valero refinery in Lévis, south of Quebec City.

The project also entails building a marine terminal in Cacouna, near Rivière-du-Loup on the south shore of the St-Laurent, a point of contention for many environmental groups, who fear it will harm beluga whale habitats.

All this does is ensure OPEC's near total monopoly over Central and Eastern Canadian oil supply will continue. It's a bunch of useless pandering pablum for the "progressive" people in Quebec who are lied to by their own media every day and told THEY contribute to Canada more than anyone else.

Canada is an increasingly useless place where obsession with stupid concepts like social justice have paralysed our ability to make even the simplest of decisions, even those that would clearly be in the national interest. It's truly absurd.

It's clear to me now that Canada no longer functions. Alberta should get out. Saskatchewan too.

Any Americans on the forum want to pick up our oil reserves? I've never thought much about being an American myself, but if Alberta was the 51st State, even a Democrat would have a hard time saying no to Keystone XL.

Quebec does little in terms of its economic interest as much as it does its pride. If a company shows up and does not pander in french, and bow down to the french colony they will be abused.

If Donald Trump wanted to build 12 hotels in Quebec city and said "I speak english, not french" they would turn them all down, then sue the Federal gov't for the lost revenue.

(03-01-2016 01:54 PM)Dr. Howard Wrote:  Quebec does little in terms of its economic interest as much as it does its pride. If a company shows up and does not pander in french, and bow down to the french colony they will be abused.

If Donald Trump wanted to build 12 hotels in Quebec city and said "I speak english, not french" they would turn them all down, then sue the Federal gov't for the lost revenue.

Time to say goodbye.

http://www.amazon.ca/Time-Say-Goodbye-Bu...0771079818

So since Quebec was originally Canada, how will you guys call yourself??

(03-01-2016 12:52 PM)DannyAlberta Wrote:  Do Quebecers actually realize who it is they get to steal billions from every year?

http://www.theglobeandmail.com/report-on...e28962973/

Quote:The Quebec government will file an injunction in court to press TransCanada Corporation to follow the province’s environmental process as it prepares for its Energy East pipeline.

Environment Minister David Heurtel announced the court action in a news conference Tuesday morning.

He said the action doesn’t indicate whether the province agrees with the project or not, but said the corporation must comply with the environmental laws in place.

Back in 2014, the government asked the Alberta-based corporation to submit a pre-project proposal which can then be evaluated by the ministry of environment. As part of the process, TransCanada is supposed to conduct environmental impact studies.

TransCanada said it doesn’t need to follow the province’s rules, since this is a cross-Canada project, so it will follow federal rules set out by the National Energy Board.

Despite TransCanada’s refusal, the government will hold environmental hearings into the project starting next week, without the impact studies usually required.

Energy East is a $15.7 billion pipeline to be built between Alberta and New Brunswick, serving several refineries along the way including the Suncor plant in Montreal East and the Valero refinery in Lévis, south of Quebec City.

The project also entails building a marine terminal in Cacouna, near Rivière-du-Loup on the south shore of the St-Laurent, a point of contention for many environmental groups, who fear it will harm beluga whale habitats.

All this does is ensure OPEC's near total monopoly over Central and Eastern Canadian oil supply will continue. It's a bunch of useless pandering pablum for the "progressive" people in Quebec who are lied to by their own media every day and told THEY contribute to Canada more than anyone else.

Canada is an increasingly useless place where obsession with stupid concepts like social justice have paralysed our ability to make even the simplest of decisions, even those that would clearly be in the national interest. It's truly absurd.

It's clear to me now that Canada no longer functions. Alberta should get out. Saskatchewan too.

Any Americans on the forum want to pick up our oil reserves? I've never thought much about being an American myself, but if Alberta was the 51st State, even a Democrat would have a hard time saying no to Keystone XL.

The current Quebec government are acting like assholes. And are most likely cutting their own noses off to spite their face. But if there was ever a referendum to join the US, I'm voting a big fat NO! As at right now, Canada is better in almost every way for the average middle class person, apart from maybe the weather.

By the way I work in the oil industry so this decision will impact me both directly and indirectly. And if I'm so turned off by the prospect of ever joining America, I'm sure a huge proportion of Albertans will vote NO if the choice ever comes up.

(03-01-2016 06:29 PM)MrRoundtree Wrote:  So since Quebec was originally Canada, how will you guys call yourself??

A wild Francophone troll has appeared!

see upper canada, also formed during the clergy act. The British trolled quebec by calling it 'lower canada' and gave ontario 'upper canada' to American british loyalists that fled during the american revolution.


If Quebec separates, though and confederation falls apart I hope the rest of the provinces will call themselves the northern confederacy of the Trump empire where they will rightly rejoin america. The loyalists were americans originally after all.

Quebec can also join as a territory called "Grenouille land"

(03-01-2016 06:29 PM)MrRoundtree Wrote:  So since Quebec was originally Canada, how will you guys call yourself??

Well, seeing as you can't buy Molson Canadian beer in some Quebec bars for clearly OBVIOUS reasons (and in case the reasons aren't obvious... it's because the owners of those Quebec bars HATE Canada) , I'm sure it's safe to say that Quebeckers will be perfectly happy with us keeping the name.

As for mythology... I'll take "America".

/thread-53350...pid1228863

Especially after Trump annexes western Canada and builds a wall along the eastern Ontario border.

Look my friend, it's not that I haven't tried. I used to be the kind of guy that would wear a "My Canada includes Quebec" button during separation referendums. Then I lived in QUebec City for 6 years. My eyes are wide open now. I understand the deep-rooted contempt that Quebec has for Canada because I've seen it first hand. Actually, Steven Crowder and Gavin McInnes made this point very well during the interview below.





Jump to the 29:09 mark and listen as Crowder describes the systemic discrimination he experienced as an English child going to school in Quebec. Crowder rightly contrasts Quebec's systemic discrimination with discrimination felt by blacks in the USA, which is not systemic, i.e. not nearly as terrible. I know this discrimination all too well, because I lived it bro. Then McInnes goes on to quite rightly mock Quebec's tyrannical language laws as Orwellian thought control. The 14:09 mark is good too where McInnes describes Quebec as a teenager that has been threatening to leave the house for 400 years... "OK GO!!! BYE!!!" and then goes on to explain how, to an English Canadian living in Quebec, the Quebec government is essentially a dictatorship much like Chile under Pinochet. I concur with Gavin's analysis 100% by the way.

I understand your sentiment in the desire to maintain the historical mythology of Canada and I used to share that sentiment, until I lived in Quebec, and woke up to the reality that it is only a myth. Quebec is not a part of Canada because it doesn't want to be. Best the rest of Canada accepted this reality and moved on.

Oh and btw, the Fox interview that McInnes did with a feminist that broke the Internet and that he and Crowder are discussing in the video above is embedded below. It is a MASTER CLASS on how to school a feminist.

(03-01-2016 07:11 PM)Dr. Howard Wrote:  A wild Francophone troll has appeared!

Can't... stop... laughing...

(03-01-2016 07:11 PM)Dr. Howard Wrote:  Quebec can also join as a territory called "Gremlin land"

Fixed it for you.

And you know what the saddest part of Quebec's "French nationalism" is?

Most people from France think Quebec sucks!! They think they speak shitty fake French, their food sucks, and their culture is just a cheap imitation of the real France.

A culture of snobbishness, seriously someone dump water on all of their heads...

(03-02-2016 10:16 AM)Samseau Wrote:  Most people from France think Quebec sucks!! They think they speak shitty fake French, their food sucks, and their culture is just a cheap imitation of the real France.

Can confirm. That is 100% accurate. But the hatred is a two-way street. The "Parisians" see the Quebeckers as uneducated beer-swilling hockey playing ice fishermen, and the Quebeckers see the Parisians as effeminate foppish cucked-out wine-and-cheese-obsessed ballet dancers. Both descriptions are fairly accurate and both groups are useless to Trump's new empire. Fuck 'em.

Trump annexing Canada, yeah right!

He needs to fix the problems in the USA first, like the 90 million unemployed for starters.

That is of course if they don't give the election to Hilary.

(03-01-2016 02:01 PM)Ghost Tiger Wrote:  

(03-01-2016 01:54 PM)Dr. Howard Wrote:  Quebec does little in terms of its economic interest as much as it does its pride. If a company shows up and does not pander in french, and bow down to the french colony they will be abused.

If Donald Trump wanted to build 12 hotels in Quebec city and said "I speak english, not french" they would turn them all down, then sue the Federal gov't for the lost revenue.

Time to say goodbye.

http://www.amazon.ca/Time-Say-Goodbye-Bu...0771079818

I'd absolutely be in favour of Quebec getting the hell out.

Sadly, Quebec isn't going anywhere. It has a central government that panders to it (both the current and previous government). Its interests dominate the national discourse. Its language is required on every label in Canada even in places where Chinese is more popular. It is allowed to block other province's prosperity without getting called out for it by our Prime Minister.

Quebec's got it made. They'd be stupid to go anywhere.

That's why I said Saskatchewan and Alberta should get out instead.

Also Quebec leaving isn't going to make it easier for pipelines. It will make it harder.

Also, that's why Alberta would have to join the US. At least then it would be a US national pipeline that even Democrats would find it hard to block.

(03-02-2016 03:05 PM)DannyAlberta Wrote:  Quebec's got it made. They'd be stupid to go anywhere.

You're right, and Mexico would be stupid to pay for Trump's wall, but that doesn't mean that shrewd negotiation can't make it happen, which Trump will do. In the case of Quebec, the author Reed Scowen, whose book I referenced above, has laid out the negotiation plan very clearly. Canada gives Quebec an ultimatum and puts it to a referendum. The referendum would offer two choices to Quebeckers:

1) Join Canada on Canada's terms

2) Leave Canada

This is entirely plausible if Canada has a Prime Minister with the balls to execute. And Scowen predicts, as do I, that if given such a choice, Quebeckers would, at last, vote for the second option, and that would be that. You are right that they will never make this decision on their own, it will have to be forced upon them by a Trump-like Prime Minister. But in the aftermath of such an event, it would be MUCH easier to negotiate pipeline deals with Quebec. They would be so desperate for cash after being cut off from equalization transfer payments it would make your head spin. They would likely not even have their own currency and would probably end up using the American greenback. Of course they won't leave when they know they can just continue along with the status quo, but if presented with the ultimatum described above... they'll go. A few years back I posted a comment on a Globe and Mail board saying this exact argument, and I drew the analogy of Quebec being the disgruntled wife who doesn't want to leave her husband but doesn't want to put out any more either. I then said that Quebec needs to pack her bags or spread her legs. The amount of outrage I caused with that little piece of trolling was epic. The Globe and Mail had to shut down that comment section. Typical response was along the lines of, "I wasn't a separatist before, but I am NOW!!!!!" It wouldn't be so hard to get them to vote to leave. A little trolling goes a long way. Don't get me wrong, I would love to see them choose option #1. But I lived in Quebec City for 6 years. I know what they'll do. Time to negotiate hard like Trump and then... say goodbye.

So what if Canada became part of the North American Union and adapt the Amero currency!

http://www.amero.com/

(03-02-2016 10:16 AM)Samseau Wrote:  And you know what the saddest part of Quebec's "French nationalism" is?

Most people from France think Quebec sucks!! They think they speak shitty fake French, their food sucks, and their culture is just a cheap imitation of the real France.

A culture of snobbishness, seriously someone dump water on all of their heads...

I thought you were a partisan of nations preserving their culture as per your constant posting in the migrant thread.

You disappoint me here

And yeah right, no one in France likes Quebec, that's why they all fly here to study or find a job. Says the guy who doesn't speak the language and never lived a long time in both.

I'm not even a separatist anyway but it always makes me smile when people try to define other nationalistic groups and how anglo canadians are always on the defensive.

By the way that shitty Fake french is still spoken in some parts of western France such as Nantes by elders, it was french spoken by the elites, aristocrats, writers, monarchy and military before the French Academy came to be and the revolution nationalized the language state-wise. It is not fake french but what french was at the time, mixed with regional dialects from Normandy, Picardie and other regions. Of course with the British conquest and all links cut with France it evolved differently, but it is what French used to be. The Canadiens at the time were much more numerous but American revolution brought a fair share of loyalists up north, at this point Canada became much more bilingual.

Chill out, we are all brothers, even if born different. We all love Canada unique status.

If Canada didn't have a fiat currency before...

http://www.zerohedge.com/news/2016-03-03...erves-left

Quote:One month ago, when looking at the latest Canadian official international reserves, we noticed something strange: Canada had sold nearly half of its gold reserves in one month. According to the February data, total Canadian gold reserves stood at 1.7 tonnes. That was just 0.1 per cent of the country’s total reserves, which also include foreign currency deposits and bonds.

As we noted, the decision to sell came from Finance Minister Bill Morneau’s office.

“Canada’s gold reserves belong to the Government of Canada, and are held under the name of the Minister of Finance,” explained a spokesperson for the Bank of Canada on Wednesday. “Decisions relative to gold holdings are taken by the Minister of Finance.”

Reached by Global News on Wednesday evening, a spokesperson for the finance department said the sale “was done in the normal course of business for the government. The decision to sell the gold was not tied to a specific gold price, and sales are being conducted over a long period and in a controlled manner.”

This latest sell-off is indeed part of a much longer-term pattern of moving away from gold as a government-held asset. According to economist Ian Lee of the Sprott School of Business at Carleton University, Ottawa has no real reason to keep its gold reserves other than adhering to tradition.

"Under the old system, (gold) backed up currencies,” Lee explained. “The U.S. dollar was tied to gold. One ounce was worth US$35. Then in 1971, for lots of reasons I won’t get into, Richard Nixon took the United States off the gold standard.”

Gold and dollars were interchangeable until that point, he said, but in the modern financial world, the metal is no longer considered a form of currency. “It is a precious metal, like silver … they can be sold like any asset.”

The amount of gold the Canadian government holds has therefore been falling steadily since the mid-1960s, when over 1,000 tonnes were kept tucked away. Half of those reserves were sold by 1985, and then almost all the rest were sold through the 1990s up to 2002.

By last year, Canada’s reserves were down to just three tonnes, and the latest sales have now halved that. At the current market rate, the value of 1.7 tonnes of gold comes in at just under CAD$100 million, barely a drop in the bucket when you consider the broader scope of federal finances.

Yes, no reason to hold on to gold, except perhaps the inevitable global financial calamity when the only way currencies are going to have any value will be based on things like, gold, silver and other commodities the country holds in reserve.

I can easily foresee the day where I will be trucking a wheelbarrow full of money to the grocery store to stand in line for 6 hours to buy a loaf of bread, just like in the Weimar days.

Say what you want in defence of the financial record of previous Liberal governments, but this one is indefensible so far. Tax increases on the people who actually create wealth. Huge deficits. A forthcoming carbon tax and the "green" energy boon doggles that will follow. Making it harder to get trans-continental pipelines built with their new regulations. Now, selling off all the gold reserves.

It's like they want Canada to become a third-world failed state.

They'll probably get their wish.

(03-03-2016 11:23 AM)DannyAlberta Wrote:  I can easily foresee the day where I will be trucking a wheelbarrow full of money to the grocery store to stand in line for 6 hours to buy a loaf of bread, just like in the Weimar days.

I remember a story about an old lady who brought a wheelbarrow full of cash to the store and left it at the road side for a moment while she went in. When she came out, the pile of cash was still there but someone had stolen her wheelbarrow. Dark and disturbing times. Currency debasement is one of the worst crimes a government can commit, right up there with debasement of local area women.

I think Canada will be alright. We're diversified in the natural resource area. And even if they do sell the gold, we've actually got some active gold mines still going. And we've got oil sands, nickel, lumber, fresh water, all sorts of good stuff. An old European man once told me that Canada will never have to worry because its got so much wealth just lying around in the ground everywhere. Of course, that doesn't mean we should let Troolander run up the credit cards like a scorned housewife. But his dad did it before and we survived. We'll survive again. Hopefully we'll learn something this time around.

Quote:I think Canada will be alright. We're diversified in the natural resource area.

I used to think exactly what you've written above about Croatia (a timber and water-rich country with a beautiful coastline, but it turned out I was sorely mistaken. Our water sources and coast are being privatized as we speak. A few years more, and we might not have anything left.