Back by popular demand…my annual rant blog!
WARNING: THIS IS AN OFF TOPIC (NON INVESTMENT) BLOG THAT DEALS WITH POLITICS.
- Don’t read it, or delete it before reading (subscribers), if you are a remaining Trudeau apologist who might be put off.
- The next blog will be back with my usual market technical analysis commentary.
- This blog is long despite my efforts to condense it. But, hey…its got tons of cartoons!
- These are my opinions and not necessarily those of my staff.
- I sourced actual quotes and background details via links. Truth is stranger than fiction.
- FYI: I delete negative comments or emails. They will not be read or acknowledged.
Of note: Someone once said my political bias would deter new investors from dealing with us. Actually: Beyond referrals from happy clients, many new clients come from this blog. Readers like our strategy, want our results, and, the vast majority enjoy the rants!
Also- I voted Liberal twice (Chretien) when Liberals’ were not NDP-erals. So I’m NOT as politically biased as you may imagine.
I am drawn to integrity, honesty and fiscal responsibility in government first and foremost. I am repulsed by the opposite.
Conclusion: Detractors don’t influence me to stop writing this type of rant. So, take a deep breath, and skip this blog if you hate my politics (you are being warned here!). I’ll be back with market analytics next week.
With that aside…
You’ve seen the before & after shots of people who lose weight and become healthy & happy from it.
Today, lets do a before & after look at everyone’s favorite Prime Minister, Justin Trudeau. We’ll cover 12 topics (12 “Daze” of Christmas), and “weigh in”. Are his before & after shots for the better? Or…is it now a less attractive after shot?
Now, this is important…Please hum the “12 days of Christmas” tune when you see this Christmas music note…
The 12 “Daze” of Christmas
On the first day of Christmas, my PM lied to me….
1. Electoral reform
“I think it’s important that a country as forward thinking and constantly improving and evolving as Canada is alert to opportunities to improve our systems of governance (electoral reform) and the way we pick our governments. That’s a commitment we made in our election that I continue to be deeply committed to.” Justin Trudeau, October 2016
“Nobody supporting proportional representation was able to convince me it would be good for Canada,” Justin Trudeau, February 2018
Electoral reform to proportional representation would certainly NOT be good for Trudeau! After learning how actual voter count works, Prime Minister Justin Trudeau now says he has no plans to follow his promise of electoral reform. He isn’t “deeply committed “to that idea any longer… I wonder why….
Canada Elections results – below – clearly show he would have lost the last 2 elections had he kept his promise.
On the second day of Christmas, my PM took from me…
2. Freedom of choice via Bill C-11
Canada is becoming a new kind of country, a “pan-cultural heritage”. “There is no core identity, no mainstream in Canada,” Trudeau said, concluding that he sees Canada as “the first post-national state.” Justin Trudeau, New York Times, December 2015
Q: Since Trudeau claims that Canada has Canada has “no core identity”, is it not logically inconsistent to promote that non-existent culture through Bill c-11. ?
Justin Trudeau November 2022: “Freedom of the press is one of the foundations of democracy and it must take precedence over everything,”
Under Bill c-11: Search engines, like Google, will be required to boost news organizations that promote “racialized communities, cultural and linguistic minorities, LGBTQ2+ communities, and persons with disabilities.” Consequently, non-compliant news publishers not focusing on such “progressive” topics will be punished by receiving lower rankings in searches. Government subsidized media are pushed to the front. Independent non-subsidized media with wider scoping content will be shuffled to the last page of search results.
Michael Geist, University of Ottawa: “The truth is that everything from podcasts to TikTok videos fit neatly into the new exception that gives the CRTC the power to regulate such content as a “program”
Q: If Trudeau’s quote “Freedom of the press is a foundation of democracy” is true: It is inconsistent to enforce search engines Google, Youtube, Yahoo etc. to de-emphasize wider scoping online content and focus on a pre-defined agenda.
I guess you could say that the USA has a “Freedom of Information Act” – and now Canada has a “Freedom From Information Act!”
On the third day of Christmas, my PM took from me….
3. Credibility and honesty
This is my favorite. Please re-read this quote 3 times! Try not to spit up your coffee as you read it!
“What I’m focused on right now is restoring the credibility of Parliament and of politicians in general for Canadians by emphasizing facts, by getting people to answer honest questions, and to be less focused on cover-up and more focused on governing.” Justin Trudeau Dec. 2013 re: the Harper government
Aga Khan scandal Ok…um, wait….you mean you can’t use taxpayer money to make charitable donations and get quid-pro-pro favors in return?
SNC Scandal Whada ya mean I shouldn’t ask the Justice Minister to lie on my behalf, then fire her if she doesn’t?
Norman Coverup Godfather movie: “I’m gonna make him an offer he just can’t refuse”
We Charity Ok, wait…. I STILL cant make taxpayer funded charitable donations and get quid-pro-pro favors for me and my family?
Yet another scandal: Hey, if Justin can do it, why not the Liberal Trade Minister?
On the fourth day of Christmas, my PM took from me…
“We will set a higher bar for openness and transparency in Ottawa.” Further, “the utmost care and prudence in the handling of public funds” Justin Trudeau, 2015
- “Canadians deserve answers, 5 Times Justin Trudeau tried to cover his tracks on the SNC-Lavalin scandal.” Jagmeet Singh, NDP 2019 before the “NDP-eral” coalition
- In a 2015 Trudeau promised not to use prorogation as a means to avoid scrutiny. Trudeau then prorogued Parliament in 2020, thus ending inquiries by several parliamentary committees to avoid scrutiny on his WE scandal!
- CBC revealed that the Liberals had adopted 72 secret orders-in-council during six years in power more than twice than the Conservatives in nine years in power.
- In 2022 Trudeau tried to redirect the course of the Emergencies Act Inquiry by ordering it to look into the “causes” that led to the use of the act …. vs. if the government was legally justified in using it – which was the point of the inquiry!!!
- During the WE scandal Inquiry, Trudeau closed parliament, fled to the cottage, and used “redaction” to never before seen levels of avoidance and coverup. Below are the submitted documents requested by the inquiry after Liberal “editing”.
This video is 2 minutes of hilarity surrounding Trudeau’s “transparency”–its a must see- click on the picture:
On the fifth day of Christmas, my PM took from me..
5. Right to hold opposing views of government policy
“The small fringe minority of people on their way to Ottawa, who are holding unacceptable views that they are expressing, do not represent the views of Canadians” Justin Trudeau, Feb 2022 regarding the Canadian COVID mandate protests.
“Everyone in China should be allowed to protest. We will continue to ensure that China knows we will stand for human rights and with people who are expressing themselves”. Justin Trudeau, November 2022 regarding the Chinese COVID mandate protests.
Canadian independent journalist David Menzies on video having his face smashed against a wall by Trudeau’s bodyguards.
“Violence against peaceful protestors and journalists is unacceptable and those responsible must be held accountable. The right to protest peacefully must be upheld.” Melanie Joly, Liberal Official, July 2022 regarding Sri Lanka police violence
It’s ok to report, or protest against government policies with “unacceptable” (to the government) views in other countries, but NOT in Canada!
On the sixth day of Christmas, my PM threw some stones…
6. People-kind living in glass houses shouldn’t throw stones
This time, we reverse the formula:
“People who are vehemently opposed to vaccine…they do not believe in science, who are often misogynists, often racists too.” Justin Trudeau, December 2021
Racists? Nobody knows a racist like someone whos worn blackface three times! Or was it four? He claims that in 2001 it wasn’t considered racist to wear blackface (not his first time, mind you). I guess we all missed that memo. I knew then, and everyone I have ever known also understood, that it was most certainly racist to wear blackface in 2001 …. and before!
To my Caucasian readers – would you have worn blackface at a Halloween party (for example) in 2001? Or any other time? Or did you know better? To all readers: Would someone wearing blackface have been acceptable to you in 2001, or at any other time? I know my answer to that question!
Misogynists? When it was reported he had groped a woman at an event (the “Kokanee grope”), Trudeau apologized. “If I had known you were reporting for a national paper, I never would have been so forward.” . So…its ok to grope non-reporters? He also elbowed a woman in Parliament. Known as “Elbowgate”, MP Ruth Ellen Brosseau got a sharp elbow to the breast when she dared to get his way. Not a nudge. According to witnesses- a sharp, obvious jab that hurt Ms. Brosseau. Again, he apologized. How nice of him to do so.
Oh, and lets not forget Trudeau ejected strong women Jody Wilson-Raybould and Jane Philpott from caucus, after daring to stand up to the prime minister on principle. For, you know, minor stuff, like not breaking the law on his behalf (SNC).
On the seventh day of Christmas, my PM cheated me…
7. Tax cheats
A tax cheat can be someone who claims false expenses….eg: taking a spouse to dinner then claiming it as a sales call and writing it off. A tax cheat can be someone who doesn’t claim income, eg; cash-deal for a tradesman to build your patio. A tax cheat may not claim benefits, eg: accepting a vacation from the company without adding that benefit cost to ones income. In each case, a tax cheat has effectively retained or used money for personal benefit that was intended to benefit all Canadians.
Read the following to decide who’s the real tax cheat…
“A large percentage of small businesses are actually just ways for wealthier Canadians to save on their taxes”. Justin Trudeau, June 2020.
$8.6MM cottage upgrades to allowed Trudeau greater comfort where he hid from parliamentary enquiry over COVID spending and the WE scandal. His bedroom conversion alone was $378,711.
He then had taxpayers pay to build a $2.5MM second cottage (!!!!) for backup as the $8.6MM original cottage reno went on. Truth is stranger than fiction.
A helipad at that cottage because he prefers to be helicoptered (another expense) to that cottage rather than drive.
Built at our expense a tree house with a zip line,
$9,000 bee farm complete with paid bee farmers,
$6,000 organic personal use garden,
$13,500 to protect the garden and stop other Canadians from coming in.
Canoes and boats for his pleasure
$2,000 private skating rink.
The costume makers he travels with.
Inflation makes it hard for poor and middle class persons to buy groceries. Meanwhile, to Sept. 2021, the average monthly cost on taxpayer-funded groceries and dining for the prime minister’s household reached $7,861. He likes exotic organic food flown in from a special PQ store, you see. In several individual months he broke over $10,000. In contrast, Harper’s average food budget was $1000/month. Estimations food prices in 2023 are for another 5-7% increase for Canadians. Except for Justin, of course.
Trudeau calls business people tax cheats if they write off ineligible items – like a personal expense as a business expense. What does he call spending our tax dollars on his personal pleasures? It seems to me that Justin Trudeau views the Canadian taxpayer as his personal ATM machine.
On the eighth day of Christmas, my PM gave to me (and my kids)…
8. Budget & Debt burden
I noted above that the ‘credibility and honesty’ quote was my favorite. I was wrong. This one takes the cake!!!!
“Our platform will be fully costed, fiscally responsible and a balanced budget. I’ve committed to continuing to run balanced budgets … Liberals balance budgets. That’s what history has shown” He went on: “I am looking straight at Canadians and being honest the way I always have. We will balance that budget in 2019.” Justin Trudeau, September 2015.
Please read that quote again! Try not to spit up your soup while doing so….
Clearly, Justin was talking about Jean Chretien when he referred to Liberals balancing budgets. Certainly not his daddy – who created a 167% increase in federal debt during his tenure!!
Jean Chretien, who, along with Finance Minister Paul Martin (respect!) represented what Liberals used to be. Not like the Trudeau “NDP-erals“.
Repeating Justin’s words: “I am looking straight at Canadians and being honest the way I always have- we will balance the budget in 2019”
Government debt is passing $1.2 trillion this year. The Trudeau government has nearly doubled it since taking office. Canada’s total government indebtedness ratio surpasses 100 per cent, which “is among the worst in the industrialized world,” according to the Fraser Institute. In fact, 23 industrialized countries covered by the International Monetary Fund have lower levels of total government debt as a share of their economy. Only seven have higher debt/GDP!
Trudeau’s then-BFF, (Best Friends Forever) Finance Minister Bill Morneau stood beside Trudeau grinning as they delivered their insane budgets. Now even he has slammed Trudeau for his irresponsible spending! Click here for a partial list of these expenditures. Wow…even his former BFF sees the light….
Oh – and don’t blame COVID for that debt – report here. Chart below – note the pre-COVID pattern pre-2015 (Harper), then immediately from Trudeau election 2015-2018.
Deja vu 1981…Trudeau Sr.
On the ninth day of Christmas, my PM keeps giving me…
“The help we’re announcing today ($4.6 BB in expenditures!) will make a big difference for the people who get it in a targeted way that will not stoke inflation.” Justin Trudeau, September 2022
“It seems sensible to assume that this will add to pressures on measures of core inflation” as well as “aggravate the Bank of Canada’s stance on monetary policy. Any belief that it will ease inflationary pressures must have studied different economics textbooks”. Derek Hold, Scotiabank head of capital market economics Sept 2022
On the tenth day of Christmas, my PM confused me…
“I understand the anger that’s out there against the federal government, against institutions like the Catholic church; it is real and it is fully understandable given the shameful history that we are all becoming more and more aware of.” Justin Trudeau July 2021 “understanding” the burning & desecration of 68 catholic churches most of whom had nothing to do with the burials.
“Over the past few days, Canadian were shocked and frankly disgusted by the behavior displayed by some people protesting in our nation’s capital.” Justin Trudeau condemning the defacing of the Terry Fox statue which was immediately controlled, cleaned up and guarded by the protestors. January, 2022.
On the eleventh day of Christmas, my PM gave to me…
11. Climate hypocrisy
“We know we need to reduce pollution, and one of the best ways of doing that is to get more clean cars on the road.” Justin Trudeau April 2022.
“Nor have I heard that Trudeau is at least engaging in carbon offsetting of his voluminous flight record, or whether on the short flights he could be using lower carbon-emitting alternative transportation,”. Bruce Campbell, adjunct professor at York University’s Faculty of Environmental Studies, April 2022.
Trudeau’s vacations are world renowned extravagant affairs. Selfies galore! His most recent ski trip alone added more than eight tons of CO2 when Our World in Data puts the average yearly emissions per Canadian at 14 tons!!
On the twelfth day of Christmas, my PM will give to me…
“The Chinese model is certainly a very attractive model for quite a number of countries” and could act as a “role model for many countries”. Klaus Schwab, World Economic Forum Founder, Executive Chairman & creator of The Great Reset, Nov. 2022 (last month!)
“There’s a level of admiration I actually have for China because their basic dictatorship is allowing them to actually turn their economy around on a dime”. Justin Trudeau, Oct. 2013
So… you see China as a role model for countries, Klaus? A role model????
You admire China, Justin? Admire????
“Words cannot describe the shock of seeing apartment entrance doors being welded shut and the elderly being hauled off sidewalks to receive forced vaccine injections. Youth unemployment in China hovers at 20%.” Beartraps Dec. 2022
Another dictator to admire:
“I know my father was very proud to call him (Fidel Castro) a friend” … Castro had “tremendous dedication and love for the Cuban people”. Justin Trudeau, Nov. 2016
Fidel Castro, the dictator, was a Trudeau-family friend??
Justin thinks Castro had “dedication and love” for his people?
Fact: Castro ruled with an iron fist. For those who dissented – he ordered their deaths. Cuban’s with unacceptable views (sounds familiar) “disappeared”. Professor Armando Lago, a Harvard-trained economist, believes this number could be close to 100,000.
Is he Mad?
Mad Magazine published a recorded skit imitating the 1970’s show “All in the Family”. Archie Bunker brings an old friend home- and it’s Adolf Hitler! The joke was Arhie’s ignorance of who this friend actually was.
Trudeau calling one of the most ruthless dictators of the century a “friend” with “love” for his people implies either:
A horrifying level of ignorance,
A friendly family relationship with a murdering oppressor.
Hard to accept either case.
“It’s ridiculous for anyone to suggest that I of all people would trade our rights and freedoms for any other system of (government).”Justin Trudeau, Nov. 2013
A key WEF initiative in the “Reset” plan is for “centralized global governance”. Not sovereign nation governance. Worldwide centralized governance.
Fact: Trudeau has been a keynote speaker at the WEF twice since becoming PM. Deputy Prime Minister Chrystia Freeland, and former Bank of Canada governor Mark Carney, are listed as members of its board of trustees! Trudeau has a WEF page.
Its not just the WEF. The WHO wants global authority (centralized global governance) to legally be able to dictate future lockdowns, shots, and protocols on a worldwide basis. AKA – not allowing individual counties autonomy on health and disease responses.
Question: Do you think Trudeau will reject this proposal – given his WEF participation?
Its getting scary out there…
I’ll leave you with a famous quote from Ronald Regan in 1980 when vying for the US Presidency (which he won):
“Are you better off than you were four years ago?”
Merry Xmas and Happy holidays.
I’ll be back with my regular Technical Analysis blog next week.