The Economic Depression has arrived

[JohnLarue]

Not all Street people are Junkies or alcoholics. A lot of them are people who just lost hope because the jobs they were taking couldn't even pay the rent or put food on the table for themselves so they just gave up. Having grown up literally in downtown Toronto it's really disturbing to see what's happened to this city in the last 25 years

The Economics Of How San Francisco’s Drug Policies Are Devastating The City | Hoover Institution The Economics Of How San Francisco’s Drug Policies Are Devastating The City

San Francisco's drug tolerance policies are based on the idea of “harm reduction,” which is the view that those using illegal drugs should be protected, not shamed nor prosecuted for their drug use, and that their lifestyle should be accepted as a normal part of life for those choosing to use.

of course this policy was a beacon for every junkie in the USA

while there are a certain proportion of people who a destitute through not fault of their own , the unemployment rate recently hit all time lows, wages were increasing at an alarming inflation driving rate and employers are having a difficult time staffing (this very likely change soon)

for the most part , peoples lot in life is determined by the decisions they make

 

[jalimon]

that is so wrong

in your strange world lack of opportunity and capitalism are the only things keeping the junkies from employment & home ownership

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Have you had much success hiring junkies and giving them responsibilities?

any guesses what they would do with their first pay cheque?

Whats your solution?

i hate when my employees yaps all the time about problems without ever bringing any smallest idea about solutions.

 

[jcpro]

Whats your solution?

i hate when my employees yaps all the time about problems without ever bringing any smallest idea about solutions.

First of all, you recognize addiction as a mental disorder and MANDATE that the homeless junkies can be picked up and hospitalized. Secondly, you provide FREE drugs to the addicted, but only for a short period of time and that is attached to requirement to enter FREE detox and rehab. Thirdly, you adjust the immigration rates to the conditions of the housing market ESPECIALLY on the low end of the housing market. Fourthly, you mandate that the refugees are settled in the non high density urban areas with no right to move to the GTA, Vancouver, etc. for a period of 5 years. Fourthly, you create special economic zones along the mass transit corridors within the big cities for high density housing developments at greatly reduced tax rates and streamlined approval process. Fifthly, the airbab to be legislated awy. Six, the municipal public housing authority to be disbanded and reformed as ONLY an oversight authority without actually holding any properties. The properties to be auctioned off . I can go forever having spent a lifetime in TO. Those are just a couple of first steps.

 

[Butler1000]

Whats your solution?

i hate when my employees yaps all the time about problems without ever bringing any smallest idea about solutions.

In the USA? There won't be one. Too many people there would rather watch them fall and die rather than be taxed and spend money.

But watch as things get worse these camps expand. And then be fenced off.

 

[Frankfooter]

First of all, you recognize addiction as a mental disorder and MANDATE that the homeless junkies can be picked up and hospitalized. Secondly, you provide FREE drugs to the addicted, but only for a short period of time and that is attached to requirement to enter FREE detox and rehab. Thirdly, you adjust the immigration rates to the conditions of the housing market ESPECIALLY on the low end of the housing market. Fourthly, you mandate that the refugees are settled in the non high density urban areas with no right to move to the GTA, Vancouver, etc. for a period of 5 years. Fourthly, you create special economic zones along the mass transit corridors within the big cities for high density housing developments at greatly reduced tax rates and streamlined approval process. Fifthly, the airbab to be legislated awy. Six, the municipal public housing authority to be disbanded and reformed as ONLY an oversight authority without actually holding any properties. The properties to be auctioned off . I can go forever having spent a lifetime in TO. Those are just a couple of first steps.

So you increase social services to deal with all this?

 

[jcpro]

So you increase social services to deal with all this?

Where did I say that?

 

[Frankfooter]

Where did I say that?

How does any of that happen without increasing social services?

 

[jalimon]

In the USA? There won't be one. Too many people there would rather watch them fall and die rather than be taxed and spend money.

But watch as things get worse these camps expand. And then be fenced off.

I travel about 10 times per year to US cities. The situation is so bad with so many poor people in the street that at some point there will be a revolt.

It's not all of them that end up being junkie.

 

[jalimon]

First of all, you recognize addiction as a mental disorder and MANDATE that the homeless junkies can be picked up and hospitalized. Secondly, you provide FREE drugs to the addicted, but only for a short period of time and that is attached to requirement to enter FREE detox and rehab. Thirdly, you adjust the immigration rates to the conditions of the housing market ESPECIALLY on the low end of the housing market. Fourthly, you mandate that the refugees are settled in the non high density urban areas with no right to move to the GTA, Vancouver, etc. for a period of 5 years. Fourthly, you create special economic zones along the mass transit corridors within the big cities for high density housing developments at greatly reduced tax rates and streamlined approval process. Fifthly, the airbab to be legislated awy. Six, the municipal public housing authority to be disbanded and reformed as ONLY an oversight authority without actually holding any properties. The properties to be auctioned off . I can go forever having spent a lifetime in TO. Those are just a couple of first steps.

See you make perfect sense now. I would vote for that.

My only concern is immigration. God dammit if we cut immigration too much our fruits will be left to rotten in the fields. Maybe not in Canada but in the US construction site would be emptied of workers. And hotel/restaurant industry would suffer a lot. As no american are doing those jobs...

 

[Butler1000]

I travel about 10 times per year to US cities. The situation is so bad with so many poor people in the street that at some point there will be a revolt.

It's not all of them that end up being junkie.

Yup. Tons of them are living in cars and RV's that are health hazards. We saw them all over LA and San Diego.

The video I posted is what I believe to be the first step down a road paved with good intentions. That is not going to end well.

 

[NotADcotor]

See you make perfect sense now. I would vote for that.

My only concern is immigration. God dammit if we cut immigration too much our fruits will be left to rotten in the fields. Maybe not in Canada but in the US construction site would be emptied of workers. And hotel/restaurant industry would suffer a lot. As no american are doing those jobs...

You could set immigration rates to the housing supply, or you can set immigration to encourage the housing supply. To speak locally, less city kids from the Punjab and more farm lads who are used to hard work and would give their spleen for the chance to move to Canada.
Get some of those kids, train the in the trades, and get their English up a bit, reduce the zoning issues, tell the NIMBYs to eat a fat dick, throw in some time and... well if we started doing this 20 years ago there would be no housing issue.
Back in the day we had our own farm kids who would enter the physically demanding trades both skilled and unskilled, but farming doesn't require the people anymore and what is left is increasingly automated and mechanized.
Playing world of warcrack does not prepare you to be a roofer, that is mostly a path to failure... or so sayith people who hire such people.

 

[Soccersweeper]

As I said. Its the beginning. The commercial real estate market is teetering toward collapse. The private home one isn't far behind if banks fail due to the former. Household debt is huge and interest rates are hurting everyone.

China is in serious trouble. With a huge real estate market bubble, a demographic problem due to the one child policy and "Lying Flat" which has spread to Malaysia, South Korea and exists already in Japan.

Things are coming to a head. Things looked great in 1928 as well.

This isn't anything like 1928. Commercial real estate is taking it on the chin but will adapt. The banks core business is solid. Canadian mortgages are one of the safest investments over time for everyone, especially the banks given their loan to value ratios and CMHC insurance. Whatever else happens, people move heaven and earth to pay the mortgage. Yes debt to income is up, but asset to income is even higher because Canadians use debt for increasing assets.

China is fucked, which will on,y drive more of them and their money here, increasing home demand even more. We have such a housing shortage that it would take a decade of unprecedented construction just to meet presents needs. And as long as Canada keeps getting ranked as one of the safest, most desirable, and prosperous countries on Earth, that demand will continue.

 

[Butler1000]

This isn't anything like 1928. Commercial real estate is taking it on the chin but will adapt. The banks core business is solid. Canadian mortgages are one of the safest investments over time for everyone, especially the banks given their loan to value ratios and CMHC insurance. Whatever else happens, people move heaven and earth to pay the mortgage. Yes debt to income is up, but asset to income is even higher because Canadians use debt for increasing assets.

China is fucked, which will on,y drive more of them and their money here, increasing home demand even more. We have such a housing shortage that it would take a decade of unprecedented construction just to meet presents needs. And as long as Canada keeps getting ranked as one of the safest, most desirable, and prosperous countries on Earth, that demand will continue.

That video is about the USA. And what will happen there. And while we have banking laws I agree, a world wide Depression is on the way.

 

[Frankfooter]

This isn't anything like 1928. Commercial real estate is taking it on the chin but will adapt. The banks core business is solid. Canadian mortgages are one of the safest investments over time for everyone, especially the banks given their loan to value ratios and CMHC insurance. Whatever else happens, people move heaven and earth to pay the mortgage. Yes debt to income is up, but asset to income is even higher because Canadians use debt for increasing assets.

China is fucked, which will on,y drive more of them and their money here, increasing home demand even more. We have such a housing shortage that it would take a decade of unprecedented construction just to meet presents needs. And as long as Canada keeps getting ranked as one of the safest, most desirable, and prosperous countries on Earth, that demand will continue.

You just need to redo progressive taxation and then work on wages before there is a bigger recession.
Its not at meltdown yet but you need to fix it before it gets worse.

 

[Soccersweeper]

You just need to redo progressive taxation and then work on wages before there is a bigger recession.
Its not at meltdown yet but you need to fix it before it gets worse.

The annoying thing to me is the central banks blaming wages when those have lagged inflation. Seems to me the inflation has tracked the price of gas, which is a key input in all delivered goods including food, and owes more to supply shortages after COVID. The bank doesn't need to inflict damage on workers. Indeed, let workers produce supply to lower prices. We're now at the point that interest costs make up 1/3 of our 4.5 inflation rate. Remove that and inflation is 3%. War is over and the central banks are now the main culprit in the problem they want to solve. If we want to go after wages, management compensation is at its highest percentage of GDP on record.

 

[jcpro]

The annoying thing to me is the central banks blaming wages when those have lagged inflation. Seems to me the inflation has tracked the price of gas, which is a key input in all delivered goods including food, and owes more to supply shortages after COVID. The bank doesn't need to inflict damage on workers. Indeed, let workers produce supply to lower prices. We're now at the point that interest costs make up 1/3 of our 4.5 inflation rate. Remove that and inflation is 3%. War is over and the central banks are now the main culprit in the problem they want to solve. If we want to go after wages, management compensation is at its highest percentage of GDP on record.

It's not the bank, it's the government policies that create inflation, like shutting down economy and printing money while the energy prices spiked with the help of the carbon taxes. The raising wages are the result not the cause of the inflationary environment. That's why the central banks are increasing rates- to shrink the growth and to keep goods and wages under control. Only it's s not working because they're not increasing rates fast and high enough. At this point, only a recession can bring back sanity to our economy.

 

[Frankfooter]

It's not the bank, it's the government policies that create inflation, like shutting down economy and printing money while the energy prices spiked with the help of the carbon taxes. The raising wages are the result not the cause of the inflationary environment. That's why the central banks are increasing rates- to shrink the growth and to keep goods and wages under control. Only it's s not working because they're not increasing rates fast and high enough. At this point, only a recession can bring back sanity to our economy.

Its industry, price fixing like oil and this:

https://twitter.com/i/web/status/1671985525777940480

 

[jcpro]

Its industry, price fixing like oil and this:

https://twitter.com/i/web/status/1671985525777940480

Yeah, bread price fixing a decade ago are causing the current crisis. I can see how a moron like Justin can stay in power. He's got an army of like minded followers. ROTFLMFAO!!

 

[JohnLarue]

Whats your solution?

what part of " peoples lot in life is determined by the decisions they make " did you not understand?

The solution is obviously for people to make better decisions

i hate when my employees yaps all the time about problems without ever bringing any smallest idea about solutions.

i hate when loonies yaps all the time about problems & then expect others or government to fix those supposed problems

There has been poor / destitute people since before the first coin was struck
&
there will be poor / destitute people long after the last coin is struck

Its human nature & you can not fix human nature

 

[JohnLarue]

Yeah, bread price fixing a decade ago are causing the current crisis. I can see how a moron like Justin can stay in power. He's got an army of like minded followers. ROTFLMFAO!!

that's funny, some ones a doughhead