Monetary system analyst Rafi Farber makes a pretty convincing case that a recession is imminent, based on some recent action in the banking system and also by looking at the inverted yield curve (short term interest rates above longer term rates). In a nutshell, the recession occurs not when the yield curve inverts, but after it un-inverts and goes back to its normal upward slope. We’ll know if he’s right or not within a few months. Interestingly, he doesn’t see us bouncing back from this downturn.
Never Let A Serious Crisis Go To Waste
Off-Guardian- UK Riots: The agenda becomes clear…
Whatever the truth of this latest incident, and whatever long term aims it might be used to further, this “strategy of tension” has an immediate political agenda already becoming clear – and it’s as predictable as ever.
Attacking free speech is the ever-present, eternal agenda that comes before everything else and it’s been a real pile-on the last few days.
You cannot begin to fathom how irritating it is to the ruling class that ordinary people are allowed to just say whatever they want whenever they want – including having the audacity to fact check the media in real time, with no repercussions at all.
Central Planners, Planning
It’s not just Winnipeg.
Sun- Winnipeg must let the people decide on Plan20-50
Winnipeg city planners spoke glowingly in favour of the 30-year plan, which was the first red flag.
The WMR wants to mandate cramming almost 400 people per acre in Winnipeg, while heavily restricting gas-fueled vehicles and imposing land-density rules that may threaten the rights of property owners.
What’s that mean? Kiss your car goodbye. The bureaucrats will also tell you how big your yard can be, how many multi-family homes must be in every new housing development, and outside of the city, if you can dig a well.
And there are other rural concerns with the WMR scheme.
No Retirement For You!
Not to worry. When mark to market won’t give you the results you want, just mark to book value. If need be, fill the balance sheet with made up numbers. That’s sure to safeguard your retirement savings.
Canada’s large pensions are facing rising losses from real estate investments, according to a sector report by Fitch Ratings Inc., which concluded that fund titans are nevertheless well-positioned to absorb near-term market swings.
The ratings agency said it has not seen widespread private credit losses, though defaults are likely to tick up for the remainder of this year and into 2025 given higher debt service burdens for underlying borrowers and slowing growth.
We Don’t Need No Frozen Sparky Sleds
Juxtapose!
Government of Canada, July 2021;
The Government of Quebec confirms a $30-million loan for Taiga Motors, while the Government of Canada plans to grant a loan of up to $10 million to the business. These financial contributions will support Taiga Motors’ project to industrialize the manufacture of personal watercraft, snowmobiles, electric motorization systems and battery packs. This initiative valued at $125.17 million will lead to the creation, by the end of 2023, of at least 370 well-paying jobs in Montréal and Shawinigan.
Taiga Motors Corp. says it has obtained an interim court order for creditor protection as well as one authorizing the company to launch a formal sale and investment solicitation process.
The Montreal-based electric snowmobile maker also says it has secured a line of credit from Export Development Canada — already a creditor — for up to $4.4 million.
The company says the money will be used to finance it and its subsidiaries’ capital requirements for restructuring under the Companies’ Creditors Arrangement Act.
The company says it expects it will be placed under delisting review on the Toronto Stock Exchange.
Your House Is Too Big
Anti-Taxxer- I watched this entire 34 minute video so you didn’t have to. It starts with the usual land acknowledgment blah blah blah and is rather boring. There is a lot of newspeak which confuses home equity with housing equity. But at the 19 minute mark Justin Trudeau drops this bomb.
Mayor Jyoti Gondek” Is Not A Character In A Tim Burton Movie
The buzz phrase “Calgary is a big city on a small river” is contained in the council briefing document along with the case for implementing mandatory restrictions. But is there a compelling case to compel water usage? Let’s look at the arguments.
“Mayor Jyoti Gondek” Is Not A Character In A Tim Burton Movie
But it should be.
I won’t spoil the ending: When a plane goes down they look at the plane’s maintenance schedule. Sounds reasonable to look at the busted pipe’s maintenance schedule.
Pity Me; I’m a Narcissist
Debbie Dingell’s well rehearsed statement about Anthony Fauci, describing him as such a good man who just wants to help people, lead up to her question about the “credible death threats” Fauci and his family received, was a sad attempt to martyr Fauci in a way most narcissists only dream about.
If you get a chance, pick up a copy of The Real Anthony Fauci, if you haven’t already.
From Alex Jones’ Lips
The Decline And Fall Of The American Empire
“When they call and say jets are inbound and I need to land them“
Y2Kyoto: The Expendables
Over the weekend, Bill McGuire, an Emeritus Professor of Geophysical & Climate Hazards at University College London, set X/Twitter afire with the following Tweet, which foresees the “culling of the human population” as the “only realistic” way to address climate change — a Tweet which he later deleted…
Are We Still A Member Of This Thing?
James Lindsay: Something really sinister is going on there.
The United Nations is a religious organization, and the religion behind it is a cult. More specifically, it is a theosophical cult based on an “evolutionary” vision for mankind that it wants to control. This fact is revealed in a strange book by late UN big-wig and creator of the World Core Curriculum (Common Core in the United States), Robert Muller, from about 25 years ago titled 2000 Ideas for a Better World, which he published in four volumes in the lead-up to the year 2000 (links below). Muller delivered this book and a summary of the key spiritual points to the UN Secretary-General in March of 1999 in advance of the Millennium Assembly with the hope that it would guide UN global policy and global spirituality in the 21st century and third millennium. He then went on to publish five thousand more ideas. The book is shocking in its contents…
Great Success!
Telegraph- How Canada’s energy experiment backfired – and why smart meter Britain is next
Ross Anderson, Professor of Security Engineering at the University of Cambridge, said that Ontario’s system proved to be a “mad idea” that failed to change behaviour en masse.
“People were not prepared to change their electricity consumption to save a few pence. This was always a mad idea that was never ever going to work. People just didn’t care and it didn’t move the needle at all,” he said.
Honey, I Finished The Internet
Off-grid houseboat life in the Louisiana swamp.
You Will Eat Bugs, Live In A Pod, Own Nothing And You Will Like It
The New Utah: Sing in harmony from your water-rationed 56th floor Chinese-owned apartment.
Magic Money Trees
With talk of Universal Basic Income appearing to gain steam these days, one of the main objections is the sheer cost of the program. But one advocate of UBI claims to have the answer, and it lies in marrying UBI with its obvious philosophical twin: Modern Monetary Theory. In doing so, he manages to lay bare the utter nihilism behind both theories.
Okay, so you want to start your own country and create your own currency? Congratulations! What’s step one? …. Step one therefore is to create money out of nothing. Choose whatever you want. Want to use shells? Okay. Want to carve notches on rocks or sticks? Okay. Want to use dollar bills? Okay. Want to use ones and zeroes? Okay. Whatever you do, get that stuff to your people. After your people have money, tax some of it back. Don’t tax all of it back. That would leave nothing for them to use on goods and services in the private sector. Tax some percentage of it back. Congrats! You just ran a “deficit”, began your “national debt”, and gave your money value by requiring that people pay their taxes in your currency.
Don’t Mess With Texas
The Decline And Fall Of The American Empire
Senate Democrats just voted unanimously to defeat an amendment that would have stopped counting illegals for congressional seat…
I, For One, Welcome Our new Self-Driving Overlords
“He who controls the past”* – now in beta testing.



