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tharmas commented on Wall Street sees AI bubble coming and is betting on what pops it   bloomberg.com/news/articl... · Posted by u/simonpure
baq · 3 days ago
Investors don't want 5x revenue valuations, they want 30x growth.

Make 'real infrastructure' and 'housing' companies attractive products for investors to buy and they'll buy. (No idea how to do that, don't ask me! :))

tharmas · 2 days ago
Tax incentives?
tharmas commented on How Much Wealth an AI Stock Market Crash Could Destroy   economist.com/interactive... · Posted by u/skx001
IAmBroom · 8 days ago
Stay in school. When the history prof gets to the Great Depression, pay attention.
tharmas · 8 days ago
Private debt caused the Great Depression.
tharmas commented on Quebec to ban public prayer in sweeping new secularism law   theguardian.com/world/202... · Posted by u/sipofwater
akerl_ · 19 days ago
The vagueness about what qualifies as a prohibited practice seems concerning, if this were to become a law.
tharmas · 18 days ago
Its deliberately vague.
tharmas commented on Quebec to ban public prayer in sweeping new secularism law   theguardian.com/world/202... · Posted by u/sipofwater
yardie · 19 days ago
> It also bans communal prayer on public roads and in parks, with the threat of fines of C$1,125 for groups in contravention of the prohibition.

I'm a stoopid American but I thought Canadians enjoyed freedom of speech. Since they remind us they have Charter that protects speech. I'd like to know how they differentiate between public speaking and public prayer?

tharmas · 18 days ago
Its called Quebec. They have their own laws. Quebec is Canada in name only. Its a country within a country. They can even ban Canadian citizens from entering Quebec which in the past they have done so.
tharmas commented on Jack Ma's family shifted wealth to UK after years-long 'disappearance'   source-material.org/jack-... · Posted by u/robtherobber
Hikikomori · a month ago
Not like Germans didn't fight the nazis. Their road to power was littered with the corpses of liberty and actual people.

But its not so much trump I'm concerned about, its the people using him (though he is using them in some kind symbiotic relationship), and that is project 2025, federalist society, christo fascist tech billionaires like Thiel, or even the CEO of ycombinator, that supports them, etc. There's a chance it could end with trump, they know that, so they're working on making sure it doesn't.

tharmas · a month ago
Yes. This exactly.
tharmas commented on Canada Set to Side with China on EVs   thewirechina.com/2025/10/... · Posted by u/eatonphil
incomingpain · 2 months ago
So here's the thing. We dont have free trade with China and Auto manufacturing is something have the resources to do and export. The tariff will be something and it's going to be high because we protect our jobs and markets. Not to mention heavy investment from the government. Canada produces far more cars than we need for ourselves, it's an export focus.

China then tariffed us on canola for example; but the Federal liberals arent going to melt down Ontario for the benefit a few thousand western farmers who will never vote liberal.

Counterpoint though, stellantis and GM are essentially exitting Canada due to Trump. Essentially every single car manufacturer has commented they are exitting Canada and we're penalizing them all. Has trump forced us into the hands of China and Europe?

tharmas · 2 months ago
>Has trump forced us into the hands of China and Europe?

Indeed. In order to get/keep Argentina out of the hands of the Chinese Trump gives them $40 Billion. A pretty risky venture considering their past record. I am aware that there are other reasons for the bailout (e.g. Citron hedge fund manager, who could lose a fortune, is a buddy of Bessant etc.).

Canada on the other hand gets lots of bullying. The hegemonic goal of the USA is to control the Western hemisphere, yet Trump does everything to make the Canadians want to pivot towards China. Is that what the Geopolitical Elites in Washington want? Or is it a ploy, to push Canada into the hands of China, giving the USA an excuse to "take Canada over".

tharmas commented on Canada Set to Side with China on EVs   thewirechina.com/2025/10/... · Posted by u/eatonphil
petermcneeley · 2 months ago
The current Canadian prime minister is Mark Carney. He is an international banker. I think you have your answer.

https://en.wikipedia.org/wiki/Mark_Carney

tharmas · 2 months ago
and our other choice is PP, who is a career politician, who's achievements are what?

I'm not happy about the choices. But c'mon PP?

tharmas commented on Canada Set to Side with China on EVs   thewirechina.com/2025/10/... · Posted by u/eatonphil
helloooooooo · 2 months ago
You need to understand: for every tariff the US places on China, the more excess industrial capacity that China needs to direct elsewhere. It goes for steel, autos and more. This means, since America sanctioned Chinese steel, China has been dumping their steel into Canadian markets. With the excess electric car capacity unable to be absorbed by America, China wants to direct it elsewhere. If they start exporting to Canada, this excess capacity will completely destroy automotive manufacturing in Canada, leading to mass layoffs and entire industrial supply chains falling apart. This will inevitably lead to political instability as a large portion of second tier cities in Ontario start having a labour crisis.

This is evidently not ideal. I bore witness to manufacturing completely leave my hometown, third tier city over the span of a decade. Today, there is little economic opportunity in that town, with massive drug abuse, and petty crime. It used to be a nice place, and working in a factory earned you an honest living. Unfettered trade with China killed places like this, destroying an entire generation.

At the end of the day, wanting electric cars from China depends on your values, do you want incredibly cheap electric vehicles, even if it means destroying an entire industry that the largest province in the country relies upon? Or do you want to maintain a functional manufacturing base that is critical to political and social stability?

tharmas · 2 months ago
The outsourcing of American manufacturing was done by the American Corporate Elites. I hope some of your anger is directed towards them.

Lutnick has already stated that America wants all vehicles for sale in America to be built in America. Any vehicles built outside America will be tariffed.

Sure, the Chinese will destroy Canadian any auto-manufacturing left for the domestic market, but it is the Trump administration's stated goal to dismantle the Canadian auto-sector, which is happening now.

tharmas commented on A new pay-per-mile tax system is reportedly being considered by the Government   birminghammail.co.uk/moto... · Posted by u/hnburnsy
tharmas · 2 months ago
What would the administration costs be in collecting this tax?
tharmas commented on Canada Set to Side with China on EVs   thewirechina.com/2025/10/... · Posted by u/eatonphil
helloooooooo · 2 months ago
This is the wrong take. Economic dependence on China is a massive national security threat. Exporting your manufacturing base to a nation that opposes the fundamental values of a nation is completely suicidal, and if war ever occurs, you’re toast. China is increasingly belligerent with their excess industrial capacity, engaging in dumping and overproducing to cut out competing non-Chinese manufacturers. They engage heavily in IP theft.

Allowing critical manufacturing supply chains to move to China is stupid.

tharmas · 2 months ago
The neoliberals didn't care about national security when they shifted the manufacturing and jobs to China for profit. They were outplayed by the Chinese.

My anger lies with the neoliberal elites not the Chinese. The elites can go die on the battlefield. Its their mess.

u/tharmas

KarmaCake day115August 20, 2023View Original