2. How long does it take to sink a train station underground?
In ๐จ๐ฆ or the ๐บ๐ธ? Probably at least a decade.
In ๐ฏ๐ต? About 3 hours.
3. How about that construction site by your home thatโs been blowing dust around for years?
How long does it actually take to assemble a 10 story tower?
In the West? About 2 years after approvals.
In China? A day.
4. How do they build bridges in your town?
Because this is how theyโre assembled in Asia.
5. Those are easy though.
What if the government needs a high tech research facility for the military?
๐ฎ๐ณ does those in 45 days.
6. Itโs not because we donโt have smart people. Tiny Mile is Toronto-based, and they build robots that make deliveries cheap & accessible, which will be a game changer for mobility impaired people.
Toronto banned it, now theyโre in Charlotte & Miami. We hate talent. ๐คทโโ๏ธ
7. Plutocracies force people into a handful of cities because itโs lucrative for large landholders to create scarcity when none exists.
Countries focused on national growth connect their cities so productivity takes priority.
High speed rail by country.
๐จ๐ฆ: 0km
๐บ๐ธ: 80km
8. Oh hey. Young adults on TikTok are starting to wonder what the heck is happening in the West.
Itโll soon start to settle in that a new park or a couple bike lanes wonโt fix this. Neither will stacking people in smaller cubes.
๐จ๐ฆ is falsely framing a prominent journalist as an asset of Russia.
It's a malicious lie to discredit @davidpugliese, who has a 42-year track record of exposing embarrassing gov lies.
A short list of the work ๐จ๐ฆ is trying to hide.
<thread> ๐งต๐
2/ ๐จ๐ฆ's military used the pandemic to test its propaganda techniques.
In 2021, David exposed the military conducted an "info" sharing exercise against the public without any official authorization or request from the Fed gov.
ps if youโre about to give me the โGov knows more than youโ lecture, youโre new here. Welcome!
First, ponder why a former RCMP director was perplexed how we figured out the money laundering players before intel, why it wasnโt isolated, & who regulators ask to find stolen shit.
Okay, ๐จ๐ฆ. I need you to look past the left vs right BS for a sec. You don't understand how hard you're being screwed.
In a few tweets, you'll understand gov finance better than most politicians. You'll also see how f*cked up Ontario's corner store liquor deal is.
<thread>๐งต๐
2/ Rushing the deal means taxpayers will shoulder an initial bill of $1b.
If paid in cash, that tax revenue is equivalent to 111k families working for a year. Imagine the whole city of Windsor going to work for a year. All to pay that bill.
But ON is broke, it has little cash.
3/ When ON spends excess money, it has to run a deficit. It'll try to get the federal gov to pay some (read:taxpayers everywhere), and borrow the rest.
But let's say ON will borrow the whole amount. Last bond was 3.8% interest, so add another 51k families to cover interest.
High home prices will come down if more is built. Simple supply & demand, right?
Thatโs one of the biggest lies ever repeated.
Letโs talk about home prices, monetary policy, and how greasy f*cks tricked the normies into advocating for their own exploitation.
<thread> ๐งต๐
2/ first, letโs clarify something about monetary policy. The central bank exists to control the decay of money, aka inflation.
The key policy rate is their primary tool, influencing other lending rates. If inflation is below target, theyโll lower rates to stimulate borrowing.
3/ bluntly put, credit (aka debt) is a purchase made today with future income. Future economic activity is borrowed to stimulate the current activity.
Future buyers get pulled forward to compete with current ones. The goal is to intentionally overrun supply for inflation.
๐จ๐ฆโs rolling out 30-year mortgages to โhelpโ first-time buyers get a home.
This is actually a form of liquidity injection called capital cushioning.
Itโs not about affordability. A similar plan was used by the ๐บ๐ธ during the financial crisis. Is this a crisis? ๐ค
<thread> ๐งต๐
2/ first off, letโs fix what youโve been told about the ๐บ๐ธ housing bubble.
a common myth is poor people with subprime credit f*cked up. In reality, poor people have nowhere else to go so they paid their bills through negative equity.
When youโre poor, everyday is a recession.
3/ the real foreclosure surge was actually high credit quality investors that went to subprime lenders for more leverage.
When shit hit the fan, they just walked away. It was investors that were really the problem.