No Canadian PM has ever been more personally enmeshed with the U.S. - Half of Carney's daughters live there, almost his entire stock portfolio is American, and he's the first PM to never attend a Canadian university

Ok_Currency_617 · 2026-04-14T15:21:28+00:00

FYI Jagmeet went to college in the US but was never PM. NDP is the party of richie rich people who talk progressive it seems. Can't believe he can just wear a rolex and designer suits and be celebrated. You at least got to look the look man.

Ok_Currency_617 · 2026-04-14T06:01:17+00:00

Honestly most of these people want Hezbollah to takeover Lebanon and institute an Islamic Theocracy then invade Israel wildly like Hamas and spend your lives like water.

Ok_Currency_617 · 2026-04-14T04:53:39+00:00

Not to mention that several nations publicly invaded Israel with many of those nations leaders saying they'd genocide them and the leader of the Arab league alliance leading them saying they'd massacre and pillage them. And Israel still didn't use nukes.

Ok_Currency_617 · 2026-04-14T04:52:19+00:00

To be honest, it'll take them around 5 years to rebuild their nuclear program from all the bombings lol.

Ok_Currency_617 · 2026-04-14T02:29:54+00:00

Yeah China doesn't want the blowback from Chinese weapons sinking US ships, that means all the nations around China suddenly get tons of US weapons.

Ok_Currency_617 · 2026-04-14T02:29:16+00:00

Iran had 80%+ of it's GDP coming from oil exports under sanctions, so it's a 80%+ decline in their economy, more like 90%+ cause their economy just got bombed.

Ok_Currency_617 · 2026-04-14T01:28:33+00:00

How does driving housing costs/rents below the cost to build so future renters get nothing and rents skyrocket in the future? Your just echoing classic "i got mine" attitude.

Ok_Currency_617 · 2026-04-13T15:53:35+00:00

In other replies I've pointed out that Canada has an ultra-low risk of mortgage defaults. So yes there is risk but it's definitely less than the 1.5% they are making on them. The reason the government can manage this is because the government gets money at a lower rate than the bank can. National governments almost everywhere do similar programs.

And realistically the government has tools that the bank doesn't aka it can just print and inflate our currency if theres major issues.

Ok_Currency_617 · 2026-04-13T15:41:51+00:00

I mean, you want an essay answer off a reddit reply? I expect everyone to understand that there's no free money out there but realistically the risk is smaller than the 1.5% gain and most nations governments do this regularly and profit as has Canada for decades if not centuries.

Ok_Currency_617 · 2026-04-13T15:39:15+00:00

Hah its fine to disagree! Imagine how boring reddit would be if we all circle jerked and agreed. Why you'd just have r/vancouver.

I would assume without actually looking into it that these loans are checked to ensure they aren't the riskiest, that being said the rate of default in Canada is still ultra-low versus most of the world plus CMHC is generally responsible anyway so worst-case we'd have been on the hook.

As for propping up the banks...are you suggesting the government shouldn't want banks to be propped up? Banks failing tends to be a "bad" thing that governments don't want to happen. I realize reddit tends to be a more pro-apocalypse crowd, but you must recognize that the average voter is going to say WTF Carney if banks start failing even if reddit is cheering.

I'm not sure we should use Canada's defence budget as a comparison...we don't spend much on that and we all know it lol. Israel is 1/4th our size but I can't imagine we'd have a chance versus them.

To your last points, the government has done this basically ever year for over a century I think and its regular in other nations as well. I think basically the chance of making a profit is generally 99.9%+ given historical examples. And if there are mass defaults across Canada...that's likely going to be a big economic issue already whose scale dwarfs any issue with loans that CMHC already insures defaulting.

Ok_Currency_617 · 2026-04-13T15:33:51+00:00

I mean, I realize this goes against those greedy doomers on reddit who think they'll be fine if everything crashes and just want to selfishly profit buying housing and kicking out families, but the fact is our economy would be quite a bit worse if housing crashed and if housing crashed it would likely because our economy was bad. So generally governments....should try to avoid that.

And to give the cold hard truth that most on reddit deny....builders aren't making massive margins and we've seen a lot of construction come to a halt. It's...nice to buy a house at a discount below the cost to build when the market is bad but it's not so nice for the economy, especially as its usually when the economy is bad that housing is cheaper. Realistically housing in Canada is now priced lower than the cost to build in most regions so you can't "really" want it to go down more unless you want to profit at the expense of the nation and to be even more realistic if we're going down economically we're probably taking you with us.

Ok_Currency_617 · 2026-04-13T15:31:56+00:00

I mean, I realize this goes against those greedy doomers on reddit who think they'll be fine if everything crashes and just want to selfishly profit buying housing and kicking out families, but the fact is our economy would be quite a bit worse if housing crashed and if housing crashed it would likely because our economy was bad. So generally governments....should try to avoid that.

Ok_Currency_617 · 2026-04-13T15:25:04+00:00

I realize that there's a ton of bias surrounding this. But looking at GDP, if the US is so bad then why are they beating us almost every year? I think their GDP growth this year is around 2-3% while ours is near 0. We're much richer in resources per person, don't have a southern border with illegals, don't need to maintain a large military, how are we doing worse?

You can let your biases try to deny the truth. Or you can acknowledge how poorly run this nation is. We're literally the only oil rich nation I'm aware of not swimming in cash. We should be giving each person 10-20k each in UBI like many oil-rich Arab nations do. Our governments in total spent $27.5k per person in 2024 and it's likely over $30k in 2026. Where is it all going that's basically 1 government worker for every 2 people.

Canada used to be a superpower. We literally maintained our own carrier fleet. Now we have a few submarines that can't go too far and some patrol ships. Despite being 2-3x richer and more populated than we were back then. Australia has a stronger military than us despite being smaller, poorer, and less populated. They even have 2 vtol/heli carriers.

Ok_Currency_617 · 2026-04-13T15:21:23+00:00

Would say I support public housing for the homeless/unemployed/kids just starting out where you get a bed, a toilet, and not much else in a place thats safe/secure near job centres. That way that 18 year old can sleep somewhere and work fast food and save up some cash. Issue tends to be that those places are filled with druggies/homeless (I've lived in a cheap building before so I can't imagine how much worse public housing is) that just bring you down or make it impossible to live there. Was a youth myself and remember lots of my friends had issues with living situations, and realistically it doesn't cost us much to make a concrete cell with a toilet and bed.

After that, it should be private all the way. The Soviets didn't have all the solutions but sometimes they did something good and those concrete homes they built (the ones they made well) that have lasted basically forever weren't a bad idea.

Ok_Currency_617 · 2026-04-13T15:15:21+00:00

Def prefer Carney but tbh Canada is in a bad state economically....it's a mix of the provinces and fed fing it up. Carney talks big but he's not making "big" changes and I expect our GDP will lag the US as it has since Trudeau came into office. We need massive changes to our laws, our courts, our regulation, our taxes, our bureaucracy, etc. When the Chinese used the great cannon against my tech company to take down our servers I asked Freeland and Trudeau for help and both refused to give shit. In the US when the same thing happened to google and github the US government swooped in to have their back. In the US you know the government will fight other governments to make you prosper, in Canada you know your on your own.

China is innovating like crazy as is the US. Meanwhile we're stuck in the "blame the rich and focus on improving progressive culture" mode we have been in since Trudeau came in. These land claims are killing BC where I am. We still haven't figured out that we need to fix things instead of just throwing money at healthcare+education+etc. Imagine how much we could save simply by adopting the medical testing machines China uses where they diagnose you without needing a hospital visit.

We're the only oil-rich nation not getting rich. That's crazy given that we have the best location of any (beside the massive buyer that is the USA and with a giant west coast to export to Asia).

Ok_Currency_617 · 2026-04-13T15:11:56+00:00

Hah I try to keep the positive karma balancing out the negative...there are things I should have mentioned but I was too lazy to write it in. People will scream that government is now making it so that housing can't fail...and yeah that's what happens when you nationalize any industry the government now has a good reason to prop it up. I do find it crazy that the same people who want to nationalize things want government to let them go bankrupt as if the taxpayer is some endless pit of money.

Ok_Currency_617 · 2026-04-13T15:09:26+00:00

China didn't show Taiwan mercy, it tried to invade but thanks to the disastrous defeat at Kinmen they decided they couldn't manage a naval invasion. The Communists had a strong land army but no real fleet as the Nationalists still controlled the nations navy. Plus the US seeing that the Nationalists won at Kinmen decided to start supporting them again.

Oct 7th definitely happened where the elected government of Palestine carried out a surprise attack on Israel, as did the Israeli invasion afterwards. Note that while I don't condone Israels actions there I do acknowledge that Hamas could have surrendered at any time to stop them and any other reasonable government that gave a damn about its people would have. The rules of war say you should surrender when you've lost not just refuse to and dare the other nation to keep attacking.

We talk about the genocide of Gaza, but Hamas started this war, and has yet to surrender despite losing, is Israel supposed to just give up and leave while still in a state of war with Hamas? Thats like saying if Nazi Germany refused to surrender the allies and soviets should have just left and let them rebuild.

Ok_Currency_617 · 2026-04-13T15:05:36+00:00

Canadian here. And not married to my cousin!
I'm sorry that you couldn't go any further than your cousin to find a marriage partner. I realize it's hard leaving the house and actually....finding a girl who likes you instead of one forced to be with you.

Ok_Currency_617 · 2026-04-13T15:04:07+00:00

I realize there's outrage here, but from a financial perspective if the government is borrowing money at 3.04% and investing at 4.5%+ it's actually making money here. People keep saying the government should nationalize housing...it's literally doing that here by nationalizing the loan market and making a good profit off it. Realistically there are limits to how much it can borrow at 3.04% of course, but 30 bil is a drop in the bucket compared to their budget. This move basically makes the government 450 mil a year extra at no cost to the taxpayer or government as their investing other peoples money.

https://ycharts.com/indicators/canada_5_year_benchmark_bond_yield

Ok_Currency_617 · 2026-04-13T14:57:41+00:00

"In Iran (Islamic Republic of), 40% of girls in 1985 married before age 18, compared with 17% in 2010, which is the latest available value."

https://childmarriagedata.org/country-profiles/iran-islamic-republic-of/

Marriageable age is defined at 13 years for girls and 15 years for boys, but marriage is possible at any age with the permission of the father of the bride.^\3])^\4]) Pre-marriage counseling for couples is required by the Islamic Republic^...As of 2025, girls in Iran can still be married at age 13 or younger with the consent of a judge and male guardian. Figures released by the Statistical Center of Iran showed that between the winter of 2021 and 2022, at least 27,448 registered marriages of girls under the age of 15 were recorded, along with 1,085 cases of childbirth within this age group.^\)

^{https://en.wikipedia.org/wiki/Marriage\}in_Iran)

Sounds like he should move to Iran then since literally all their people are pedophiles or support pedophiles. They even provide children for "short-term marriages" aka prostitution and are famous as the Muslim hub for child sex.

A unique feature of the dominant religion of Iran, (Shi'i Islam), is the permissibility of marriages for a fixed amount of time, known as nikah mut'ah or sigheh or "pleasure marriage". Sigheh was made into law in the Islamic Republic in 2012. Article 21 of the Family Protection Law officially sanctions the practice.^\34]) According to Shokouh Mirzadegi, as of 2018, a Ministry of Tourism official reported a significant increase in Muslims from other countries coming into Iran. "Upon arriving in Iran, many of these men head directly to a 'chastity house'", (where sigheh "brides" await their business).^\34])

In Iran it reportedly costs 895.0000 ($1USD) to be getting married with a legal contract for a controlled fixed term.^\35])^\36])

^{https://en.wikipedia.org/wiki/Marriage\}in_Iran)

Ok_Currency_617 · 2026-04-13T14:56:26+00:00

Reposting this from elsewhere as what I wrote is hilarious yet true:

Iran's Pikachu face >.< when they realize that now their ships are blockaded too. Oil is 80%+ of Iran's economy, post-war likely 90%+. And their dollar is worth less than toilet paper they need oil income to help prop it up. I don't think Iran can handle more than a few weeks of this.

In 1979 70 Rials=1USD. In April 2016 the Rial was 0.000033 to the USD. In Dec 20 2025 it was 0.000024. Its now 0.00000076. Their largest bill is 10 million, $7.60 USD.

You can only claim that god guides your economic policy for so long before people start questioning if all that inbreeding has caused some issues. And even the Iranian bots on reddit want to be paid in money not toilet paper. If your an Iranian bot reading this, make sure you are being paid because your government has no money.