Beat The Odds #35 - The Canadian Government Going Full UBI?
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- Опубліковано 10 лют 2025
- 73% of all the assets in Canada are owned by the top 20% of Canadians. This podcast is dedicated to helping you #beattheodds at business and wealth in Canada.
In this episode we break down the massive government stimulus or universal basic income being planned in response to Trump US tariffs on Canada.
To learn more about the wealth building strategies used by the top 20% and top 1% of Canadians, reserve your seat for our next #beattheodds bootcamp:
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Great breakdown and explanation Josh and Trevor! Every Canadian 🇨🇦needs to hear this
Great interview and insight. Subscribed! Looking forward to hearing more content especially in these times. Thank you!
So glad we met you Josh! We are finally borrowing smartly and no more listening to Dave Ramsay!
Josh rocking a fresh Day Date ;)
Economists have been all over the idea since the 1960s and in 1986 a team of them formed BIEN (Basic Income Earth Network) to start on how to study it. It can be afforded and non inflationary without printing or taxing like crazy. There's things like Nroways wealth fund, LVT vs Property Taxes and simply moving from the expensive inefficient system we have now to the idea Milton Friedman proposed in Free to Choose (which incidentally Canadians on the left say Poilievre wants to do)
The Norway wealth fund came as a result of taking some profits from their oil and gas production and investing it. That fund was NEVER to be spent, no matter what. Over the years it has multiplied and become large enough to support every person and household in Norway for years to come. It is invested in appreciating assets for the future wealth and stability of Norway.
Canada, had such a fund as well. In Alberta. But instead of investing it over the years, WE the people decided a new rail or road or park or whatever was needed. At first very slowly the fund declined.... until it became a piggy bank to rob whenever a politician promised something new.... While Norway gets richer, Canadian have depleated the fund which would have made us wealthy. Canada, especially Alberta, would have been rich and prosperous if WE THE PEOPLE would learn to stop spending and invest in long term assets. It is time to start investing in assets. There will be no better time to start...little by little grows into sizable wealth.... You NEED to start now to protect you and your family for the coming future.....
@@mandrews1245bingo!! Spot on
you can't trust Jagmeet as far as you can throw him
He sits on the fence, saying one thing.... then drops on to the other side. Rising up making excuses why he fell to the left rather than the right....
Jerkmeat cannot be trust!!
I know it is expensive now you think, buy gold or silver it can only go up from here
Canadian currency going full meme coin! Good luck from USA.
The cost of living was a lot lower in the 90s so it’s not relevant to the cost now as related to unemployment.
Josh, where would you start to get into Gold? lots of bitcoin over here but little intimidating to figure out where to get into gold?
There is an ETF available if you don't have the funds for a 1 OZ Canada Maple Gold coin. KILO.B is the ETF.
Td banks sells gold bars and coin online and silver you can get delivery to your home. You can even by as little as $30 1oz bar of silver
I am just passing by on this channel, and don't want to in trude on main watchers. It is well known, the investment advisors/banks/funds, etc. have 5 x's more gold and silver shares/units on printed paper, than what is actually available in earth (mined and unmined).
If the market sinks and people need to redeem some or all of the "paper gold/silver"... it is highly unlikely there will be any tangible metals available. The rich, with their connections, will be the first to cash out. For us, we discover that bad news hours or days later in the news. After all the assets have been withdrawn.
May I suggest beginners consider buying tangible gold (silver if gold is too expensive for you) but ensure you get it from a reputable dealer. There are a lot of good fake coins and bars out there, don't be scammed.... Do your homework and learn about precious metals and know which ones to invest in. Never invest in something you don't have a basic knowledge about. Multiple sources of information available on the internet. Be careful. Don't buy off the internet unless you have used that specific the bank/dealer/investor before for other transactions. Be knowledgeable and you can start growthing wealth now even in these difficult times. Impatience will lead into trouble. Remember: Little by Little....
Canada is natural resources super power. If they would be smart and use it there would be no poor in this country. Did you hear of Kuwait - they have everything free, education, health care, houses, support of the government of any kind and they plan for the future and will never go broke like canada. They are smart and take care of their people unlike this country where poor lining up for food banks. 3 cities declared food emergency since december 2024 Mississauga, Toronto and Kingston. In Canada those who have always yell - no sharing but at the end all lose and Canada looks like it looks - poor rich country. There is no other way but UBI unless you don't care about starving people. Yes, I said that and if you would have eyes you would see the poverty but you are better and have investments and talk about how government should not take care of it's poor - which they created or imported.
The poor created themselves
Buy gold.
Passed the test in other countries