Key Context
Facts Matter
The oil sands are estimated to emit .12% of total global emissions.
China emits the same amount that the entire Canadian oil sands industry emits in a full year in roughly 1.3 days.
The Canada Pension Plan (CPP) has over 2,000 employees.
Top 5 managers, make more than $5 million per year.
They have never beaten the market.
Nevada has 1 guy. Who invests in ETFs.
Does nothing. All day.
And he outperforms the CPP.
Consistently.
For further context, if CPP invested in QQQ, for the last 10 years, instead of $800 billion in assets, we would have $2.4 Trillion.
VOO would put it at $1.6 trillion.
Lesson: The government will never outperform the market.
So don’t think the Sovereign Debt Fund will be any different.
Boom! John Ibbitson "Well, they are an angry people and they have every reason to be angry."
"From the time the provinces were founded, when Albertans, Saskatchewan, were not given the natural resources powers that other provinces had, to the latest regulation from Ottawa limiting the development of the oil sands for environmental or other reasons, Albertans have been put upon by a central Canadian elite, looks at them as something of a colony."
"And the result of that indifference and condescension from central Canada is this referendum on a referendum. We're responsible for that here in the center." @JohnIbbitson
Incredible.
“I will tell you something I haven’t said publicly that deserves to be said. We were seeing 10-12 Fentanyl overdoses per day…and now we see 1 or 2. Closing the borders has made America safer…”
Looks like Mark Zuckerberg has joined the ranks of the crazed conspiracy theorists who claim that the Biden administration pressured Facebook to censor dissent during Covid.
I'm hesitant to post this because I don't really like any aspect of the political system. But here is what I heard last night at the Must/Trump conversation and I'm curious what part of this people disagree with:
The White House: We’re unable to track $6.2 billion dollars sent to Ukraine.
California: We’re unable to track $24 billion dollars spent to combat homelessness.
The Pentagon: We’re unable to track $2.3 trillion dollars of military spending.
The U.S. Treasury: We’re unable to track $5 trillion dollars of pandemic spending.
The IRS: We know you sent $601.57 to your friend, you better report it or you’re going to jail.
$PLTR CEO Alex Karp LIVE at the Reagan National Defense Forum:
“I am running one of the coolest companies in the world and I’m telling young people: you are breathing the vapors of a dangerous, fake, and self destructive religion when you are sitting at your elite school pretending because you watched Tik Tok twice and got an A+ on some crazy paper because your professor couldn’t get a job anywhere else that you actually understand the world. Your not welcome at my company”
The Columbia Valley Rockies are in search of a trainer for the 23-24 season. Duties and Responsibilities are posted below. To Apply send your resume to [email protected]. Closing date will be July 28th