Default Express

What could possibly go wrong now that a nation possessing nuclear weapons sits on the verge of bankruptcy? As fiat currencies continue their death spiral, the specter of debt default is moving from the truly marginal economies to the less marginal ones. In this case, things are more worrisome thanks to Pakistan’s chronic association with some notable Islamic terrorists.

Amid the depleting foreign currency reserves and crashing economy, Pakistan is in dire need of USD 36-37 billion in foreign financing in the next fiscal year.

 

The Liberal Destruction Of Canada’s Military

As you probably already know, the Liberal Party’s former Supreme Court Justice came out with her report today. It calls for major culture changes. I saw this coming before I retired as an army officer. Some of the changes she wants is the possible closure of military colleges. Officer recruits would go to civilian university. And of course she wants more women in the forces, including more in leadership positions. I’m quite happy now puttering around the family farm and at my shack in Muskoka.

Sword and Sorcery

At the Belmont Club.

The most singular aspect of the rise of Woke mumbo jumbo is its relationship with the astonishing technological development that sustains it; enabling what may be called a ‘sword and sorcery’ regime. Quasi-theocracies are upheld by technology so advanced it appears to be magic, at least to the general public, who have only a vague and awestruck knowledge of the mechanisms involved. “This man is woman,” a counter disinformation bureaucrat might intone, and all would nod in asset. Those in the virtual crowd who disagree will remain mute, for they know that with a gesture, the functionary can zap any dissenter with cancelation, so that he can be excluded from the metaverse entirely, through a process few understand but all fear.

Meanwhile, a former CBC columnist tugs at her strings.

The Libranos: Gotta Spend Money To Steal Money

Staff in Prime Minister Justin Trudeau’s office met with a group that received funding to produce a report recommending a home equity tax, according to new documents obtained by the Canadian Taxpayers Federation.

“During the election, Trudeau told voters he wasn’t going to impose a home equity tax, so why are his staff meeting about home equity taxes?” asked Franco Terrazzano, Federal Director of the CTF. “If Trudeau wants Canadians to believe he’s not coming after our homes, then his government should stop acting like it’s considering a home equity tax.”

When Canadians sell the home they own and live in – their primary residence – they do not pay tax on the proceeds.

A group called Generation Squeeze received funding from the Canada Mortgage and Housing Corporation to study housing policy. The resulting report includes recommendations for a home equity tax.

Someone check Maggie Trudeau’s speaking engagement calendar.

In April of 2022, CMHC confirmed it gave an additional $200,000 to Generation Squeeze. The CTF also obtained records of Generation Squeeze’s pitch for more taxpayers’ money to influence public opinion in favour of a home equity tax.

The documents reference the development of “key messages” aimed at changing public opinion about the group’s home equity tax proposal.

When asked, the CMHC told the CTF the federal government will not be moving forward with any proposals to tax principal residences and said any suggestion to the contrary was false.

The agency did not say if it would keep funding Generation Squeeze’s advocacy work.

Related: Strangely, anyone who sold their home that year was questioned on their income tax as to how much they paid for their home, plus the year, as well as how much they sold it for.

Solar Firm Charged With ‘Massive’ Fraud

But I repeat myself.

The U.S. Securities and Exchange Commission said Jeff Carpoff and his wife Paulette promised investors who purchased solar generators made by DC Solar that they would profit from tax credits and lease payments from end-users of the generators.

But according to the SEC, most of the generators did not exist and most of the company’s revenue came from investor funds. The Carpoffs allegedly raised approximately $910 million from 17 investors between 2011 and 2018.

“In reality, the vast majority of investor funds was not being used to manufacture, place into service, and maintain the thousands of generators that DC Solar was using as the basis for investment contracts, but was instead being pilfered by defendants Jeff and Paulette Carpoff for their personal benefit,” the SEC said in a civil complaint.

Its Monday On Turtle Island

Socialists doing what they do best.  Thatcher statue vandalised.  Was Environment Minister Hans Gruber in Paris?  Mona Lisa painting vandalised by environmental loon.

A story about women with penises.  Apparently men can breastfeed.  The case against the sexual revolution.

They are entitled to their entitlements.  Want a job with the government?

Justin’s CBC wants you to teach your children about abortion.  And the CBC is excited that the Governor General wants money from the Pope for Indians.

Biden’s America. I would be drunk too, if I was married to her.  Nancy Pelosi’s husband arrested.  John Kerry is a busy guy.  The BLM year.

Your morning meme.

Navigation