Kicking the can

This Bloomberg news item confirms what many of us have suspected for some time: the main reason why an avalanche of Canadian mortgage holders are not in default is simply because the government has instructed lenders to let the interest ride. Sounds like something you would do in a casino, right?

“We are extending and pretending,” Steve Saretsky, a Vancouver-based real estate broker, said of the banks’ approach to their borrowers. “Banks are saying, ‘We don’t really care, just extend it — just loop it onto the balance.’

With the banks also signaling an intent to accommodate borrowers once their mortgages come up for renewal, the number of houses that would otherwise have come up for sale could be limited further. And the government may soon be stepping in to make sure they do. Last month, Canadian regulators released draft guidelines for how banks should deal with the rapid rise in borrowing costs. The proposal made explicit an expectation that lenders help mortgage holders avoid delinquency.

Transgender Is A Stalking Horse For The Normalization Of Pedophilia

American Library Association Mobilizes to Intimidate Parents Into Silence

In the clip below, you can hear an excerpt from one of the books pushed by the groomers who want to destroy children’s innocence and separate them from their families. I warn you, it’s so explicit that I had to set an age restriction on YouTube, and at the age of 46, I had never heard some of this stuff before (and wish I hadn’t). So don’t listen if you don’t want to be permanently scarred. I can’t even retype what is written in these books because Google will flag this article as “advertiser unfriendly.” Keep in mind this is what is being shown to kids as young as ten in almost every public school in the nation.

Leading indicators and closing indicators in Saskatchewan oil

An oil well abandonment near Bienfait in the fall of 2022.. Photo by Brian Zinchuk

One of the key leading indicators of oil and gas development is Crown land sales. And the Saskatchewan April sale saw increased interest in all four oil production areas of the province.

On the opposite end of the timeline is well abandonment and cleanups.  When the crap hit the fan for the industry when COVID-19 hit, there was a cry for some sort of relief program. That ended up being the Accelerated Site Closure Program, which properly abandoned inactive wells and facilities. That program just recently concluded, having been fully subscribed.

And on the other side of the country, Newfoundland’s Muskrat Falls hydro project is finally online. This project almost bankrupted Newfoundland, but the feds quietly bailed them out during COVID. That kinda got swept under the rug. Muskrat Falls was Newfoundland’s attempt at squeezing additional power out of the same river system as the massive Churchill Falls project, which produces about 50 per cent more power than the entire province of Saskatchewan on any given day. Quebec pays Newfoundland next to nothing for that power, and uses it domestically and sells it to the US and enormous margins. Muskrat Falls, at a much lower output, was basically Newfoundland’s F You to Quebec.

Our Chinese Installed Government In Ottawa

That’s quite the handshake.


Related.

Harm Promotion

Now wrecking Red Deer;

The Fabricland store has announced they will be leaving their Railyards location this summer, in search of a new location.[…]

Proulx says the store has faced numerous challenges since the opening of the Overdose Prevention Site (OPS) across the street in 2018 and the temporary shelter in their connecting unit during the pandemic.

She says the store initially moved to the Railyards as their previous location in the south end was too small.

However, she says the store has lost many customers since then due to discomfort from daily incidences.

“All of the homeless roaming around and harassing our customers and things; it’s been a rough 10 years here because of this and it just got worse and worse over the years. We have hired a security service and that is helping them not come in the store but still they’re out in our parking lot and such; just makes life a little difficult,” she said.

Proulx says customers, ranging from high school students to older individuals, are consistently panhandled in the parking lot and at the front entrance, requiring their security guard to escort customers back to their vehicles. She says they have also experienced increased thefts within the store and needled-drug use on their entrance staircase.

More: DES Fire Safety Codes Officer Andrew Towers said in December 2022 that it was unclear whether the person who started the fire “was simply trying to keep warm” and added that businesses should try to keep building exteriors well-lit to deter such activity.

Y2Kyoto: Hide The Decline

Yet again, the National Post buries the news in the financial section;

… their findings “have strong implications for trends in climate model simulations and other observations” because the atmosphere has warmed at half the average rate predicted by climate models over the same period. They also note that their findings are “consistent with conclusions in McKitrick and Christy (2020),” namely that climate models have a pervasive global warming bias. In other research, Christy and mathematician Richard McNider have shown that the satellite warming rate implies the climate system can only be half as sensitive to GHGs as the average model used by the IPCC for projecting future warming.

Down The Primrose Path

Grab a coffee.

The man behind a massive leak of U.S. government secrets that has exposed spying on allies, revealed the grim prospects for Ukraine’s war with Russia and ignited diplomatic fires for the White House is a young, charismatic gun enthusiast who shared highly classified documents with a group of far-flung acquaintances searching for companionship amid the isolation of the pandemic.

United by their mutual love of guns, military gear and God, the group of roughly two dozen — mostly men and boys — formed an invitation-only clubhouse in 2020 on Discord, an online platform popular with gamers. But they paid little attention last year when the man some call “OG” posted a message laden with strange acronyms and jargon. The words were unfamiliar, and few people read the long note, one of the members explained. But he revered OG, the elder leader of their tiny tribe, who claimed to know secrets that the government withheld from ordinary people.

The young member read OG’s message closely, and the hundreds more that he said followed on a regular basis for months. They were, he recalled, what appeared to be near-verbatim transcripts of classified intelligence documents that OG indicated he had brought home from his job on a “military base,” which the member declined to identify. OG claimed he spent at least some of his day inside a secure facility that prohibited cellphones and other electronic devices, which could be used to document the secret information housed on government computer networks or spooling out from printers. He annotated some of the hand-typed documents, the member said, translating arcane intel-speak for the uninitiated, such as explaining that “NOFORN” meant the information in the document was so sensitive it must not be shared with foreign nationals.

OG told the group he toiled for hours writing up the classified documents to share with his companions in the Discord server he controlled. The gathering spot had been a pandemic refuge, particularly for teen gamers locked in their houses and cut off from their real-world friends. The members swapped memes, offensive jokes and idle chitchat. They watched movies together, joked around and prayed. But OG also lectured them about world affairs and secretive government operations. He wanted to “keep us in the loop,” the member said, and seemed to think that his insider knowledge would offer the others protection from the troubled world around them.

“He’s a smart person. He knew what he was doing when he posted these documents, of course. These weren’t accidental leaks of any kind,” the member said.

Continue reading →

Thursday On Turtle Island

Biden’s America:  How I red pilled myself.  A world of gender insanity.  The Biden buddies.  Chicago is the perfect site for the Democratic convention.  A worried nurse.  The David Hogg twitter fight.  Who is behind the trans agenda?   Are they calling you a fascist?  Your morning meme.

Trudeau’s Canada:  Justin trashes western premiers.  And a comment about this from Jordan Peterson.  Justin will be really upset. Students reject drag queen event.  Today Climate Justin burns jet fuel to Regina. There he will talk about how he’s giving groceries to the peasants.  The government censors.

Today In Islam:  Ramadan in Bangladesh (JW).  Wearing a hijab is a feminist victory (JW).

Victor Davis Hanson:  Biden’s plan for global chaos.

The Dementia Joe Show:  Biden in Ireland.

Medicinal Marxism

As Terence Corcoran notes, with a recent decision the Supreme Court of Canada has effectively barred any legal challenges to single payer healthcare.

The Supreme Court effectively approved the lower court’s conclusion that restrictions on private-health delivery do not contravene the Canadian Charter of Rights.

To make matters worse, the court’s justification openly parrots a famous slogan of Karl Marx:

If everyone had to choose a distributional principle, but did not know if they would turn out to be able to make private provision or not, it is plausible that many or most would opt for a system that protects distribution according to need, rather than ability to pay.

Mainstream Canadian conservatives, some of whom are privately critical of Medicare, are not going to move the debate in the right direction by silently awaiting a favorable court decision. That ship has sailed.

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