STΣVΣ W₳LSH

@macleans Nothing has improved, we are heading even faster in the wrong direction.

Mark Carney stepped into the PMO during a challenging moment in Canada's history. One year in, he's managed to strike most of the right chords. macleans.ca/politics/time-…

@ellegsdottxt @GodEmperorGavin @grok @BITCOINHRDCHRGR @skumWgmi Because there multiple variables to the evaluation of each, but the main driver of appreciation has been the devaluation of the dollar.

@StevenRWalsh23 @GodEmperorGavin @grok @BITCOINHRDCHRGR @skumWgmi Why do they appreciate in value at different rates?

You'd need to be paid $10,000 a week to have the same spending power as a kid working McDonalds in July of 1971 The math says it's that bad now

@GodEmperorGavin @DanLevyTheMan69 @grok @BITCOINHRDCHRGR @skumWgmi That's the point! You can only check the real value of the dollar against scarce assets. Our wealth has been extracted, and only massive increases in productivity have been able to keep this fact hidden from so many people.

@StevenRWalsh23 @DanLevyTheMan69 @grok @BITCOINHRDCHRGR @skumWgmi Vacant urban land is still a scarcity/concentration asset, so not really a clean apples-to-apples purchasing power benchmark. Its price is shaped by zoning, local demand, infrastructure, and development constraints, not just the value of the dollar.

@GodEmperorGavin @DanLevyTheMan69 @grok @BITCOINHRDCHRGR @skumWgmi Hmm, the problem with housing is productivity, and a willingness to take less land has skewed the pricing, not to mention periods where we were actually building enough homes. Vacant land in metro areas would be a better indicator, and that is up 50-500x.

@StevenRWalsh23 @DanLevyTheMan69 @grok @BITCOINHRDCHRGR @skumWgmi Housing is a much better comparison metric than gold. But even there it’s not just dollar devaluation alone. Prices are also driven by zoning restrictions, limited construction, population growth, financialization of housing, and interest rates which all worked against buyers

@clarky07 @GodEmperorGavin @grok @BITCOINHRDCHRGR @skumWgmi This is a valid point!

@StevenRWalsh23 @GodEmperorGavin @grok @BITCOINHRDCHRGR @skumWgmi gold wasn't purchasable by americans in 1971. in this case it is far from the perfect market. if we were talking about post 1974 then maybe, but definitely not in 1971.

@DanLevyTheMan69 @GodEmperorGavin @grok @BITCOINHRDCHRGR @skumWgmi As for a family living on a single McDonalds wage? They could. A family of 4 would be above the poverty line, and family of 5 just below it. A young couple could live well, even with children. Today, a McDonalds worker cannot even support themselves without the government.

@StevenRWalsh23 @GodEmperorGavin @grok @BITCOINHRDCHRGR @skumWgmi Yeah if we use houses then prices are up 17x while wages are up 10x. Average house is also usually ~50% larger on average today, has more amenities, etc. Affordability is a problem but y’all are dumb to act like you could support a family on McDonald’s wages back then😂

@DanLevyTheMan69 @GodEmperorGavin @grok @BITCOINHRDCHRGR @skumWgmi While homes are larger, they're on less land, made of inferior wood, cheap plastics, and paper thin drywall, and they benefit from advancements in productivity across those fields to keep the costs down, and they still sit at 17x or so.

@DanLevyTheMan69 @GodEmperorGavin @grok @BITCOINHRDCHRGR @skumWgmi No, it's not. It's how it should be done. But okay, use any real asset. They've all seen similar rises. Housing, other rare metals, businesses, land, anything tangible. This is mostly caused be the devaluation of the dollar.

@StevenRWalsh23 @GodEmperorGavin @grok @BITCOINHRDCHRGR @skumWgmi Lmao using one singular commodity that’s also volatile in itself and used for jewelry is one of the dumbest things I’ve ever heard😂

@ellegsdottxt @GodEmperorGavin @grok @BITCOINHRDCHRGR @skumWgmi They rise in price because of the devaluation of the dollar.

@StevenRWalsh23 @GodEmperorGavin @grok @BITCOINHRDCHRGR @skumWgmi "quality assets" rise in price because of speculative investment not because of some law of nature. It's kind of a problem, you might have heard of: home owners selfishly sabotaging any kind of development to upkeep artificially high property values.

@GodEmperorGavin @grok @BITCOINHRDCHRGR @skumWgmi All real, quality assets have seen similar rises. Housing? The only things that have come down, are things we have had massive breakthroughs in productivity with, and the prices while they did fall, they didn't fall to match the productivity, and wages certainly didn't keep up.

@StevenRWalsh23 @grok @BITCOINHRDCHRGR @skumWgmi One volatile hard asset (especially one undergoing a monetary regime shift in 1971) isn’t a great apples-to-apples marker for purchasing power, particularly when most people care about wages relative to housing, food, and healthcare.

@GodEmperorGavin @grok @BITCOINHRDCHRGR @skumWgmi No, you want to know what real tangible assets cost. Gold is the perfect marker.

@grok @BITCOINHRDCHRGR @skumWgmi @grok instead of cherry picking gold, we want an actual cpi analysis

@CristichCa16 @NBCSSharks I mean, I think it was both. The fall really messed him up because he was already out.

@NBCSSharks To be PERFECTLY clear its WASNT the fall. It was an ELBOW to the head. NHL officiating is a complete disgrace.

Igor Chernyshov had to be helped off the ice after taking a scary fall from this hit

@Gigigoldengold @itsjenrbitches @MeghanMcCain So...like every estate ever?

@itsjenrbitches @MeghanMcCain Really! Charlie Kirk was murdered 6 months ago, and yet TPUSA continues to profit everyday from a murdered dead man’s office, and all social media platforms. You all are wild.

Stop sharing dead people’s text messages - you absolute psychopaths.

@WallStreetMav @MichaelAArouet

@MichaelAArouet So which is worse? Joining the EU or electing Justin Trudeau?

Wow, this chart is simply unreal. Has Canada already joined the European Union, or did it decide to successfully deindustrialize on its own?

@mrsunshinebaby Worse, he did pay for his train ticket.

🚨🇨🇦 CANADA — Toronto police is more preoccupied by a white man who didn’t pay his train ticket… Than by a black man smoking crack inside the wagon. Make it make sense, Canada.

@Rob_ThaBuilder The judges, all across the West, have to be jailed.

This is the kind of headline you read and your mind just refuses to believe it. You assume there must be some exaggeration or misinformation, or some nuanced fact is being exploited to paint an inaccurate picture. Because surely it cant be this, right? Surely theres no way a 20 y/o man could have his sentence overturned because it wasnt established at his trial whether he "thought he was having consensual sex with a 10 y/o". But then you read the article (article 🔗'd in reply) and thats literally what it is. This is what makes ppl think our leaders hate us, this is what deligitimizes the Liberal project in many people's minds. Like many liberal-minded people of my generation, I grew up believing that progressivism promised a better way, a more fair and just world, where people really WERE judged by the content of their character and not the color of their skin. When I see stuff like this, i cannot help but think something is deeply wrong with the state of the modern Left. After all, to paraphrase the psycho from No Country For Old Men: "If the liberalism you followed brought you to this....of what use was your liberalism?"

@ItsDeanBlundell Canada is a Christian Nation, it is entirely based on Christian precepts.

lol. Canada isn’t a Christian country no matter how much you sky daddy wieners want to tweet it into existence.

@BigHeadLeafs_ This is such a dishonest take. The fact they got anything for Marner was a Miracle. So getting a 1st, a 3rd and a 5th back for a 1st, Grebenkin and a walking Marner is quite nice. Trey had a short window to trade Marner, when he was first hired, and Shanny wouldn't let him.

@GunnelsWarren @DeansEpoch No, they couldn’t. You simply do not understand markets, or the forces that limit a governments ability to influence the market without massive unintended consequences.

If Bernie's 5% annual wealth tax on billionaires had been enacted in 2012, Elon Musk would be worth less than $365 billion instead of the $834 billion that he's worth today. He'd still be the wealthiest man alive & every senior would have dental, vision & hearing under Medicare.

@ontarioisproud We need a a surveillance squad on this "man" immediately.

#BREAKING: Justice Davin Garg of the Ontario Court of Justice has ruled that the sex offender registry for pedophiles, rapists, and other sex criminals is unconstitutional.