Milton Friedman on the four major functions of government:
1) Ensure national defense
2) Protect citizens from โabuse and coercion by other citizensโ
3) Define and uphold private property rights
4) Maintain a judicial system to adjudicate disputes and enforce rules
Le Premier ministre @MarkJCarney a nรฉgociรฉ un accord dรฉsastreux pour le Canada. Notre peuple exige des explications.
Voici ma lettre au ministre @DLeBlancNB:
Canada is getting poorer per person for the first time since the Great Depression, and the Liberals doing it are trying to borrow their way out of the mess they made.
๐ง๐ต๐ฒ ๐๐ถ๐ฏ๐ฒ๐ฟ๐ฎ๐น ๐ฃ๐ฎ๐ฟ๐๐'๐ ๐ญ๐ญ ๐๐ฒ๐ฎ๐ฟ ๐ฟ๐ฒ๐ฐ๐ผ๐ฟ๐ฑ:
๐ด 11 straight years without a balanced federal budget. Not one!
(Finance Canada)
๐ด The 2025-26 deficit: $67 billion. The biggest deficit in dollar terms Canada has ever run outside COVID.
(Spring Economic Update 2026)
๐ด Interest on the debt cost $55.6 billion this fiscal year, more than the $54.7 billion Ottawa sent the provinces for health care. We paid bondholders more than we paid for hospitals.
(Finance Canada, FY 2025-26)
๐ด Every child born in Canada today inherits over $33,000 in federal debt before their first breath.
(PBO)
๐ด GDP per person fell 2% from 2020 to 2024, the deepest five-year drop since the Great Depression. The headline economy "grew" only because population growth papered over the shrinking.
(Statistics Canada)
๐ด Federal debt per Canadian is heading from $32,138 today to $38,943 by 2031, on the government's own projections.
(PBO, June 2026)
๐ด The federal debt-to-GDP ratio keeps rising until the early 2030s. Their own plan says so.
(Spring Economic Update 2026)
๐ด The Parliamentary Budget Officer puts the odds of the government keeping its own promise of a declining deficit every year at less than 1%.
(PBO, June 2026)
๐ด Households owe $1.77 for every dollar of take-home pay. Highest household debt in the G7. $3.2 trillion total.
(Statistics Canada, Q4 2025)
๐ด A national survey found 43% of Canadians within $200 a month of not covering their bills.
(MNP Consumer Debt Index)
๐ด Insolvencies are at their highest level since 2009. (Office of the Superintendent of Bankruptcy)
๐ด Roughly 1.15 million families renew their mortgages this year at payment jumps of 15 to 20%.
(CMHC, Bank of Canada)
๐ด Grocery bills are up around 30% in four years. Wages grew 2% last year while food inflation ran 4.1%. (Statistics Canada)
๐ด Shelter now eats more than half of median household income in major cities.
(Statistics Canada, OECD)
๐ด Canada's banking regulator named mortgage risk the number one threat to the financial system and expects defaults to rise for the next two years.
(OSFI Annual Risk Outlook 2026)
๐ด Households, corporations and government owe 377% of GDP combined. We are the fourth most indebted country in the OECD.
(OECD)
๐ด An $11.7 billion rebranded GST credit, borrowed money to cover the cost of living their own economic record created.
(Finance Canada, January 2026)
๐๐น๐น ๐๐ต๐ถ๐ ๐ฎ๐ป๐ฑ ๐๐ต๐ฒ ๐๐ถ๐ฏ๐ฒ๐ฟ๐ฎ๐น ๐ฟ๐ฒ๐๐ฝ๐ผ๐ป๐๐ฒ ๐ถ๐?
Elbows up Liberals, you're literally guaranteeing your kids are going to be poor. Great job!
Vesper
JUST IN: ODDS NOW JUST 1% THAT #BITCOIN WILL HIT $250,000 NEXT YEAR ON KALSHI
THE 10-YEAR CHART SAYS OTHERWISE
EVERY MAJOR DIP HAS BEEN FOLLOWED BY NEW ALL-TIME HIGHS
LIKE CLOCKWORK ๐
Bitcoin is an emergent network of wallets weighted by satoshis, nodes weighted by commerce, and miners weighted by hashrate, with capital, consensus, and security held in dynamic equilibrium. $BTC
In 2011 I made a decision that changed my life
I committed to paying off:
$22,000 credit card debt
$140,000 student loans
This is your year to:
- pay off your debt
- start investing
Below is exactly how to get started:
Eating similar meals.
Doing the same workouts.
Sleeping and waking up at the same times.
Getting in shape is not sexy. It's about doing the boring things consistently.