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Suicides In Alberta Soar In Wake Of Canada's Oilpatch Depression
Over the past year, we have extensively chronicled the tragic story of Alberta - Canada's once booming oilpatch - disintegrate slowly at first, then very fast, into an economic and financial wasteland:
- "Canada Crude Contagion: Calgary Home Prices Drop Most In 2 Years"
- "Canada's Biggest Oil Casualty To Date: Calgary's Nexen Shutters Oil Trading Desk"
- "The Canadian Housing Bubble Has Begun To Burst"
- "Canada's Oil Patch Confidence Crashes"
- "Canada Mauled by Oil Bust, Job Losses Pile Up – Housing Bubble, Banks at Risk"
- "The Stage Is Set For A Massive Housing Market Correction in Canada's Oilpatch"
And, in the last article in this sad series describing the Alberta "bloodbath", we said that the biggest casualty of Canada's recession has been the local commercial real estate market, where office vacancies are about to surpass the aftermath of the (first) great financial crisis.
We were wrong: the biggest casualty of Canada's recession, which unless oil rebounds strongly soon will follow Brazil into an all out depression, are people themselves. As CBC reports the suicide rate in Alberta has increased dramatically in the wake of mounting job losses across the province.
According to the Canadian media, the most recent data only goes to June, but according to the chief medical examiner's office, 30 per cent more Albertans took their lives in the first half of this year compared to the same period last year.
That's how bad Canada's economic recession is: the real casualties are no longer metaphorical economic objects, but the very people who until recently enjoyed comfortable lives only to succumb to an unprecedented collapse in the local economy.
Here are the statistics as reported by CBC:
- From January to June 2014, there were 252 suicides in Alberta.
- During the same period this year, there were 327.
- If the trend continues, Alberta could be on track for 654 suicides this year.
- In an average year, there are 500, according to the Centre for Suicide Prevention.
"This is staggering," said Mara Grunau, who heads the Centre for Suicide Prevention. "It's far more, far exceeds anything we would ever have expected, and we would never have expected to see this much this soon."
What is taking place is hardly surprising: in this year of mass layoffs in the energy sector, calls to the Calgary Distress Centre have changed tone and have become more frequent, says counsellor David Kirby.
Unfortunately, when one can no longer slide the tragic reality under the rug of double seasonal adjustments and media propaganda meant to boost confidence despite economic collapse, human tragedy is what always follows.
"For me it says something really about the horrible human impact of what's happening in the economy with the recession and the real felt effect, the real suffering and the real struggle that people are experiencing," he said.
Kirby says demand for counselling services has increase by 80 per cent — and the problems people are struggling with are more complex. "There might be substance abuse issues. There might be imminent financial collapse," he said.
"Anxiety, depression. Relationship conflict, maybe concurrent domestic violence. So there are many more things that people are trying to juggle I think at the same time." Nancy Bergeron, who has answered distress centre phone lines for a few years, says this year has been the hardest.
"People are just at wit's end and they're contemplating it, right?"
Why? Simply because the price of a commodity has dropped to a third of what it was just over a year ago, and the shocking impact has been a paralysis of every aspect of financial, economic and social life, first in Alberta, and soon everywhere else across Canada, as the local recession (on its way to a depression) spreads across the country and eventually crosses the U.S. border.
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The Dakotas....as well
It's the weather.
Good thing Canada is home for many brewery and hard liquor distillery... or not.
I know several people who've been working in areas related to the Alberta oil patch. I have mixed feelings about the change in their fortune.
Many have been living the high life, predicated on the idea that the good times would roll forever. Most of those ticky-tacky lego-style new homes that stretch for miles in every direction at the city limits, with their 4X4s and SUVs and resort properties and club memberships and holiday trips, are sitting on a mountain of DEBT. Jobs were plenty, and interest rates were low (except on the credit cards, although even that didn't seem to pose much hindrance). So party on! Need new major appliances and furnishings? Tack it onto the mortgage. Got a wedding? Tack it onto the mortgage. And every member of the family down to the kid in elementary school "needs" a smartphone. Tack it onto the plastic.
High prices led to unprecedented distortion of the business cycle, worse than that witnessed back in the late 70s. Operating costs in the oil and gas industry ran out of control. The average industry wage in 2014 was CAD$120,000. And yet, there are many, many cases where these yokels haven't saved a dime. I know a guy who took home $170K and has almost nothing put away. Now he's out of a job, moving back in with his parents. And just a year ago he sent me a note bragging that he would "never have to worry about money again in his life." Karma's a bitch. And yet...
Government apparently went downhill after the departure of the ultra-fiscal-conservative premier of the province, "King" Ralph Klein. The so-called "Conservatives" blew the entire provincial Heritage (rainy day / contingency) Fund and expanded into the bloated, deficit-projected, tax-eager monstrosity you see today. Ironically, the protest vote in the last election recently brought a New Democraft party into power, historically leftist and spendthrift in disposition, and they're pushing the "global warming" scam hard to justify even more taxes.
Pity the Alberta taxpayer. The contraction is just starting to pick up steam. Numerous bankruptcies are forecast, with some parts of the province turning into ghost towns. Alberta could benefit from a workshop with Gail Vaz-Oxlade (credit / personal financial management counsellor).
I know the present debt-money-based financial system encourages lack of vision generally, but grown adults who have the world by the tail and give no thought to the future deserve only limited sympathy. And yet...
We know American production is peaking fast. Alberta is still well positioned for the long term to satisfy international demand, assuming the government can ever get some east-west pipelines built. Companies that can cap wells and subsist on cash reserves for a few years (i.e., make it through the present price war and foreign exchange BS) ought to do well on the other side. If nothing else, it will make for a fascinating period of sector consolidation, assuming the psychopaths don't bring war to our doorstep first.
Reminds me of my dad telling me of folks driving away from Alaska after the pipeline was built, he read a sign on the back of one that said 'Please Lord send us another Prudhoe Bay, we promise not to piss it away this time'
nothing new, in 85, they had billboards in Dallas
"Please Lord send us another Round of Big Oil,
we promise to not piss it away".....
Didn't happen either.
"Many have been living the high life, predicated on the idea that the good times would roll forever. Most of those ticky-tacky lego-style new homes that stretch for miles in every direction at the city limits, with their 4X4s and SUVs and resort properties and club memberships and holiday trips, are sitting on a mountain of DEBT."
Nothing new in the accelerating bubble inflation monetary policy that is all "policy makers" have left after manufacturing massive structural distortions in the world economy. This is just the beginning of the turbulent years. Watch the movie and scheme.
You're exactly right.........just watch and see how fast the Alberta government raises the sales tax and jumps on the carbon tax train to make up for those defecits, won't be pretty.
Alberta is no provincial sales tax. Google is you friend!
It's just a matter of time.
The click-bait woman looks hot. More sympathy evoked...
Put Hillary(!)'s mug as click-bait and see how much sympathy Canada gets.
How does she "look hot"? You can't even see her face.
Byewbs.
Meanwhile, the Canadian govt reports Alberta's unemployment rate at about 6%
Utter bullshit. Put a 1 or even a 2 in front of that number to get close to the truth
"unemployment" rates have never been terribly useful. After all, if one literally works even for so much as a penny of pay, they're considered to be 'employed'.
Heck, you can even make a loss and you will still be considered employed.
Govt lies about employment numbers
1. To fool the moron millions things are ok
2. To fool foreigners to buy or hold on to their debt instruments
But as old man Guggenheim said when he rode the Titanic down....
"We are prepared to die like gentlemen".
Sensing a big black swan...next week.
Does anyone even think unemployment numbers mean shit? I mean 100 million adults don't work in the U.S. Hello? Anybody home? Or is nobody capable of doing basic math. 100/300= 33%.
As for the Black Swan, it does feel imminent. Will it be some new manufactured event from the exposed neocon desperadoes? Or some true Black Swan out of anyone's power to predict?
One thing I like to remind people who break down the population by percentages is that you first need to deduct the 80+ million of our population that are under 18...your 100 million number now jumps to 50% of the adult population...now that's perspective...
Gott mit uns...
suicides tend to help the UE rate, yes?
Long Funeral Homes, Undertakers, Creamatoriums, and Graveyards...
You can bet that JPM and GS are...
Lots of employment around the corner in these "growth" industries.
CAT will rise to dump the ashes.
And when this depression hits the US, it will be bad. So many of us have been living in a delusional world of religion, exceptionalism, I can do no wrong, etc. etc. etc.. When they find out that they lose everything they will go nuts.
All done by design....
Some truth to that.
The carnage begins, slowly at first.
And then all at once.
No, wait a minute, that's bankruptcy.
how handy to blame it on oil prices.
How many of these people were way over their head in debt with Central Bank induced easy money home/car/credit card loans?
I bet not one of them "owned their own home".
ps. I'm not suggesting home ownership is a great end goal...in Texas, it already makes you the giant unescapable target of the tax man. That will only get worse.
http://www.bizjournals.com/houston/blog/drilling-down/2015/12/more-mass-...
It's just moar "Change you can believe in."
That's all.
BTW, I looked at some of those property taxes in the Houston area (like 3.5%!) and those folks are gonna be hurting real bad unless things in energy turn around soon.
I live in Houston, and you are correct. Also these folks who bought their dream homes with $100.00/bbl oil money will be in for a rude awakening very soon. Shit, 2016 can't come fast enough when I can leave this forsaken city.
Just curious, Mr. Shitter. Where are you headed?
Right now short term, Miami.
If you are heading to Miami then you are going to an equally shitty place with even fewer people who speak English.
I like it better but yeah, english will be spoken less. I can deal with it for now. Houston just fucking sucks. The traffic, the natives, the fucking overcrowded feeling makes me almost want to slit my wrist. Just tired of living here.
Miami is the most interesting place I have ever lived. I loved to go up to Fort Lauderdale, also. Would never go back, though - the crime, the rudeness of the people is just astonishing, the traffic, the weather in summer (not as bad as Houston). Get a boat, whtever you do, any old boat to start off with.
Cool, GLTU.
Gracias Amigo.
Miami hurt by Brazilian collapse. The high rise condos started to be built again 3 or so years ago. Many currently under construction. Screeching halt in 3 minutes.
Miami just fucking sucks. The traffic, the natives, the fucking overcrowded feeling makes me almost want to slit my wrist.
It is EVERYWHERE
It is amazing how many couples here pay $10,000 - $25,000 in taxes per/year. They are mandatory dual income homes. If one of them loses their job...they can't afford the taxes. It is very common....and because they have to have two jobs, they also have the extra car expenses (another $600 per/month) and daycare...etc.
Very true. Housing prices have been fallling for a couple years in Canada and the flush seems to be on at the moment downwards substantially. I know one guy in arrears who the bank basically has no interest in forcing him out of the house as they want to impede price discovery.
Impeding price discovery is a crucial part of the game. Morgages to 2.5%? 50 years?
Price Discovery??? WTF is that?!?! Shadow Inventory !!!!!!!!!!
Homes, cars, etc would be great if they fell in line with the majority of people's incomes - but they don't. Until that time, the best way to try and survive any downturn is to stay out of the game. If you have to rent or be in a smaller place than you would like, that is okay. Staying out of debt is a much safer place to be in these uncertain times and there is always the potential to pick up a nice place on the cheap.
But how much of the predicament they're in could have been avoided by exercising a little restraint and thrift? Instead of assuming that the good times would roll forever, they could have saved some of their wealth for just such an event as a downturn in the market.
Does talking about "saving" make me old fashioned?
a? yes.
b. why save when you can move in TODAY! fully levered! and who wants a new house with an old car!! that looks stupid!! and...you can't have old furniture! chacching again!....and pass me some of that carpet grass because I'm certainly not going to wait for the time it takes for a seed to germinate.
Spend thrift good.
The little red hen ended up in a stew pot. Not because she prepared, rather because she was a big mouth about it.
See theres this thing about mob rule.
Loose lips sink
RIPS
You are absolutely correct. Had this conversation a few weeks ago with a good friend whose kids are buying everything they can see on credit. What's coming will be more suicides because the younger folk can't even comprehend budgeting, let alone cutting back. They are totally born and raised on credit and believe it will flow forever, and payments on everything they own is just "how it's done".
I first saw this starting to happen in 1994 when bank lending standards dropped to the lowly "all you need is 5% down now to buy a house". Ever since then, anyone born in 1980 or later have no idea other than 5% down or zero down. They have no concept of cutting back or not buying because you can't afford it. All they look at are the payments, never the principal.
We have an entire generation that will erode financially and, as a result, will put more pressure on the health care system and pension system.
The whole fucking world is a giant casino.
If you default to "all done by design" you will be missing a big part of the show.
Just wait until the Great Reset hits.
The whole world is going to hell in a hand basket.
Not this one bitchez! I'm going to hell in a Kors handbag paid for with a plastic Chase card. What's in your overpriced, fake leather, foreign sweat shop made wallet?
Fast
To make a real effect oil has to stay low for several months more.
The county where I live in Wisconsin just added armed guards to the county court house entrance. Frac Sand industry employed 1000's up here and 1000's more were employed in the ancillary businesses. It's an economic bomb that results in self inflicted death.
Sand trucks still running here in NW sconny.
A shitload.
need more banker suicides
Banker's suicide. It won't matter. Or, just little.
The laws of thermodynamics, and this really matters, allow no leniency on humanity. Canada and Venezuela are just the beginning.
Trudeau will fix everything, he promised. hope i dont need the sarc thingie
Prime Minister 'Fluffer,' right?
Trudeau the tapette. The second-generation tapette no less.
At least his dad did it on the downlow. None of Pierre's male FWB's ever came forward. Justin's life partner, Gerald Butts, ran his campaign, and now runs Justin's government behind the scenes. (Sophie is Justin's beard. He didn't even think of marriage till he needed a beard fland photogenic children for the campaign trail.)
Justin hasn't bothered hiding his connections to the gay wing of the Liberal Party of Ontario. Kathleen Wynne, premier of Ontario and the most powerful out lesbian in Canada, is a big supporter. So was Benjamin Levin, once a deputy minister of education in Ontario Liberal governments and now a convicted pedophile.
Tell me your friends...
Obama is no better...
Trudeau sera tout réparer, il a promis. espère que je ne dois l'thingie sarc.
FIXE POUR VOUS.
Trudeau's not your buddy, guy.
As far as his pals on Bay Street are concerned, he already is.
Plenty of Syrians ready to replace the Alberta suicides at a moment's notice, and the Syrians are far less likely to vote Conservative.
Yah. Justin seems to pander to all the narratives. Disappointing? Quite. Surprising? No.
Suicide is usually a permanent solution to temporary problems. You CAN start over with NOTHING and be rolling again in a few years. Does it SUCK to go through? YES. But the sun will shine again! It always will, eventually.
I lost everything and I mean everything five times in my life and the last time at 63 years, I was basically homeless. Back at it again and living in a home, have a decent car etc. My credit report looks like one of ZH charts, good for a long while with sharp downstrokes every so often, yet you are right, it is doable.
I'm speaking from experience as well, CP. You are a survivor, man. Congrats.
Fred Jung: Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again, but life goes on.
Im a member of this group also. And my story has nothing to do with foolish spending, all of it has to do with having an ex boss who is now an inmate at Lompoc FCI who ripped off his investors and dragged me into the nightmare he alone created and executed. All the moral turpitude mofos of this world that rip people off are just white collar terrorists, no diff than Bernie. A shame that many of them are bankers/traders who now get to trade insider info for high 5s and not have to worry about jail anymore.
Hope and Change we can all believe in now!
BTW, I want to footnote that this convicted felon is an MIT Phd/Stanford MBA. Integrity does not come with a sterling academic background by any means. The most accomplished academics in this world can easily be closet Bernies.
God bless and hang in there. I hope things keep getting better for you and for others posting here.
The govt trolls posting can just piss off. ;-)
+1
Thx CP. God is blessing you because you are working "it out". Suicide is not a solution - for anyone. You probably look at it now like losing everything is no big deal, but it obviously is to those who take their own life.
I love hearing real life stories like yours. Thx and I admire your positive attitude.
When we were children we had nothing and enjoyed every day. Now that we're grown when someone suddenly has nothing he literally wants to die???
"I know at last what I want to be when I grow up. I want to be a little boy."
- Joseph Heller
A couple years back I listened to a show about people who survived jumpling off the Golden Gate bridge. The interviwer asked: what went through your head after you jumped. The young man said: I realized everything that was wrong in my life could be fixed . . . but this.
A friend just killed himself at 24.. Closed Coffins are a Bitch, who the hell can do that shit to their mom.. take a walk in the woods for Christ sake..
Agreed. It's sad You would think a person would want to explore so many things before they did that. Almost wish a place like here people could reach out. So many forget that the lowest time in your life can lead to the greatest opportunities. I honestly feel that societies growth of material wealth and the belief that being able to purchase things will lead to happiness. Anyone that has been seriously I'll knows health is all that matters. Always easy to judge from the outside but sad that people do not have a better perspective of what happiness is.
Many of the people who commit suicide are in such a dark hell personally that normal reasoning, including consideration for others, just isn't happening.
I lost a friend who I grew up with (from the age of 3) as almost a 2nd Sister, and she killed herself when she was 21. It's brutal, maddening, emotionally draining, etc. I get it.
I am sorry for your loss.
@DH,
They're not thinking of their mom.
It's anger, helplessness, hopelessness & total fuking exhaustion turned inward with no vision of escape.
An acquaintance of mine didn't commit suicide but had a stroke instead (at 38) worried about his massive debt. It's sad because it is all avoidabe. He's partially paralyzed now.
"Just walk away."
... and I mean walk away from buying that overpriced house or walk away from buying yet another new car (use the old one for a few more years)...etc. Also try to slim down ... don't stuff yo face so much. This will really hold your medical bills down. Plus, with Obamacare non-insurance you do not want to go to the doctor if possible since tons of docs and ERs do NOT accept ANY Obamacare.
.
Perfect summation, I'd say.
Somtimes the darkness is a result or greatly contributed to by ones family. Without those special friends and aquaintances to get one through the gloom, an end to the pain might seem the only solution.
Somtimes I think the dead are the lucky ones.
Family? You ain't kidding! My family has consisted of the most beautiful kinds of people on earth, and of backstabbing thieves and liars.
The insidious thing about depression is that it tends to drive people away, exactly when you need their support the most.
If you're going through the shit and could use someone to talk to, please feel free to PM me.
I have some beutiful people near me, thanks. My family sucks ass. I love my friends. Its hard.
Good, I'm glad you have good friends for support. I've been through some very dark times myself.
Just always remember whenever things seem hopeless, that "this too, shall pass."
Sometimes I am amazed to see the pain in so many people whom I had assumed to be living a good life. Coming from an abusive home and nearly committing suicide myself, I thought I was alone. These things tend to be hidden from public view and I no longer am fooled by appearances.
My neighbor and I used to take a 12 year old girl out riding with us. She had been raped numerous times by her step father and was very withdrawn and shy but loved horses. We figured this would be cathartic for her. She never said much as we rode but always nodded her head and smiled when we asked her if she'd like to go again. She and her mom moved away and I hoped she would be ok. Four years later we found out she had died of leukemia. I grappled with this for so long. The sadness and injustice of life just is not explainable.
Miffed
Life is short. Try to live well and share the Aloha my friend.
It's all we have....
Thanks Btw
who can do it to their mom? answer: often addicts (illegal or legal)
Dear God DH, I am so sorry.
I no longer work trauma or the ER. After 8 years of watching suicides and attempted suicides, I just couldn't take it anymore. They say you will get used to it. I never did but I admire people who can and keep their professionalism.
Young ones were the absolute worst. I remember a young man going in for organ harvest when they let the family in for last good byes. I was doing a bleeding time so I couldn't leave the room but I will never forget what the family said and the tears that flowed. All I could do was look down and try not to cry myself. The memory of that scene kept my perspective and resolve to never have my child have thoughts to do what he had done.
Life is so tenuous and precious. You briefly hold a child's hand in yours and then he is gone.
My thoughts are with you tonight.
Miffed
Well-said as always, Miffed. I often tell my children how lucky they are to be children. I hope it's sinking in.
Put the gun down, file bankruptcy.
It's not that bad.
In the Bakken they are just killing eachother from what I was reading earlier. About a month before I left there some crazy guy parked his semi nearby with a shit ton of expolosives and guns and apparently he had bad intentions. A crazy couple who I nicknamed John of God and Joan of Arc threatened me because I would no longer allow them to pirate someones internet, they told me they had cursed me and then proceeded to get caught robbing a bank (they left a bank bag in their vehicle outside the house).
That was just my last couple of weeks after I had sold my place and was staying with friends. It was still going good there then..lol
Boy if they think it is low now.
Wait a few months. Wait for oil to drop another 10-15.
You ain't seen suicides yet. With the winter just settin in.
Dats why I never move anywhere without the ability for a palm tree to grow.
Fuck cold.
Even with the chemtrails.
Yankees all look pale and sickly.
I prefer the chemtrails and palm trees myself, you must live in the area..lol
Haha....agreed too. Palm trees, heat, shitty wages are still better than cold.cloudy, depressing winters. That shit weather robs your soul man. Miami here I come....
...and don't forget, Muchas chicas bonitas!
Instead of killing themselves, why don't they go to the Source of the evil oil well, and off some Saudi royalty, or some key KSA infrastructure?
You mean to tell me that there are no roughneck with Mil/DOD experience? If they organized themselves, it could be done -- a la Jason Bourne, or The Expendables, or Ocean's 11. If you plan to Exit Stage Left, might as well do it with style and a message. Just sayin'.
Confusing Hollywood with ISIS is circling a psychotic break.
Yeah, most Hollywood productions aren't that good.
Wag the Dog
I thought they had Faaareee! "health care", doesn't it include suicide prevention along with sex change & condoms?
To soon?
Free means other people get to pay for sluts' abortions, for trannies' boob jobs, and to sew up Jamaican and Somali thugs who picked gun and knife fights and got shot and stabbed by other thugs.
Those other people have to wait for months to see a specialist for real chronic illnesses, unless they're Bay Street usurers who can afford to fly south on Porter, pay cash to see a specialist in the States, and be home before markets close.
Tommy Douglas has a lot to answer for.
Free healthcare includes an entire 15 minutes of counseling with your primary care provider after a 3-hour wait to see them. If that isn't sufficient to cheer you up, they can refer you to psychotherapy, which isn't covered as an essential service so you have to pay out of pocket. And the happy pills are also not included in the free healthcare system. The bonus is that there are no monthy healthcare insurance premiums but the income tax rate is 30% higher too.
Everything goes in cycles doesn't it. I'm waiting for the RE and stawk market to correct 'cause it's going to be brutal I'm afraid. RE usually has a 10-12 year up-down cycle but Bernanke, Greenspan and now Yellen are propping it up at still unrealistic levels.
The plunge will be historic.
I paid $1700/oz CAD for the gold I lost whilst ice fishing in March 2012. Today that same gold is bid $1444 CAD so even if I could remember where I drilled that hole I'm still underwater.
Stack On
In Finland it's so bad the gubmint is handing every citizen $870/month. It will get worse there and everywhere and moar printing will occur. This deflation we have now will be followed by inflation and lots of civil unrest i suspect.
Air Cavalry.....then they leave.
https://en.wikipedia.org/wiki/1st_Cavalry_Division_%28United_States%29
It's no secret I'm short corporate debt... It's also "NO secret" that I'm getting short Mortgage backed Securities.
It's NOT about the trade, it's about the trade getting "covered".
lesson 101, Make sure the guy you're doing the deal with can pay you back!
You can be the smartest person in the room, and get Shanghaied.
I've been Shanghaied... :-0
Do your homework.
I had to google nazareth.
Rock On
Google Simpleton.
I hope Berspankme gets cancer of the uterus...
At least the equity markets had provided pretty good returns in the 1990s. But today we're back to levels basically not seen in a decade. In the oilpatch, the equities haven't seen a return since the early 2000s.
Dear CBC:
USD37 a barrel courtesy of your Muslim brothers meant you got to see the back of Stephen Harper before he put you all in the unemployment line, your dreamboat Justin got to be PM, and Bay Street will walk off with Alberta's oil at a small fraction of fair value. Everyone who mattered got what they wanted, including you.
Stop pretending you give two fucks if Albertans who have to work for a living and pay taxes to feather your beds in the Annex live or die. Justin will happily borrow the money to pay your pensions---leaving the bill for the suicides' orphans to pay.
Just be aware that when your own time comes, the prosecution in the Court of the Almighty won't want for witnesses against you.
No love,
The Rest of Canada
The CBC is a successful network of controlled opposition and distraction in the Canadian farm.
If ever there was a true vehement cultural divide among Canadians it is the CBClovers and the CBChaters. There is no real racial nor religious nor linguist divide among Canadians --- everything we hear from those camps is controlled opposition. However, people who love the CBC genuinely have a vehement hatred for Canadians who want nothing of state-sponsored broadcasting.
Sometimes I wonder if Anna Maria is a stacker.
Barrel of oil price ($40) is back to 1980. Dropped to $15 in 1985. S&P in 1980 was 100. Divergence today is INCREDIBLE
Gallon of gas in 1981 was $1.38. Around me it is $1.85 and bet around $1.60 if I scoot over the line to south carolina around Seneca
YET S&P 2100 UNREAL
I heard a GS report today that predicts oil at $20.
It's going to be dramatic the next correction is. Makes me believe some of those rumors about the Zombie Apocalypse.
HOW IN THE WORLD CAN WE HAVE $40 OIL EVEN WORSE $20 OIL AND S&P AT 2100.
CTRL P, bro.
By that queer logic, the price of gas should be so high that we would all be riding horses again. Just accept that the price the last 8 years was bullshit. Adjust to the new and realistic normal and move on. That fracking shit was fucked from the jump. But many got rich and will stay that way. Only the little guy and the suckers get stuck holding the bag.
$9.60/ Bbl. - JUNE 20, 1986
see thru buildings from Tulsa to Houston - took 18 months and then even the law firms were going BK
Iron stacked near Cushing - rigs bought by the pound virtually brand new!
Anyone who is intent on going this way should plan to take a bankster or two with them.
I think politicians would be better.
I have one in mind.
They're not worth killing oneself over. Better to leave politicians to the mob and assassins. The bankers are worth the effort, as it's more difficult to get to them, so if one got to them one should hold nothing back.
That seems to be the historical pattern. Insiders accumulate so much dirt on each other that the web of fear and blackmail starts to break down, and backstabbing picks up steam. Rumors abound, but we haven't seen many big scandals yet. When they flow, you'll know SHTF is near.
And a highly placed Saudi.
Natural selection is at work here.
The worm will turn on you, as well, just wait. Life will happen to you, and then you'll have a different attitude afterward. No one gets through this life unscathed.
Yes the worm turns but when it turns down in your stomach, can you stomach the pain and the agony. The only way is if you know something to be true. Not a shadow on a cave wall, but something that you know . Does it make me sad? Yes. But it is a sort of natural selection. I might go stark fucking raving mad but I will not put a gun to my head.
And yes the worm has turned on me. I sat in a cheap hotel in Kodiak Alaska and pictured myself with my head blown off from the 12 guage I could buy at the hardware store down the street. Thought about what it would accomplish and if it would solve anything. The valley of the shadow of death was there(believe or don't believe, that valley is there; it might be when you are 24 or when you are 94, but it is there) and you must have something knowable to know.
I have seen several people die. The decisions you make in life will dictate the decisions you make in death. There is no escaping the valley.
There's a lot of people in the good old USA that never recovered from 2008/2009.How many people have done themselves in here.A lot.
Debt to GDP ratio
Canada 87%
USA 106%
I say they can just print Tonto.
We go before they do.
Who is fucked?
Helicopter oil.
Poor man's gold.
Run over the rich.
Drive them into the ditch.
bill
Who cares about federal debt when you own the press to print not just money but the reserve currency?
Household debt in Canada is 170% or close to it?
KABOOM for Canada
Okay ZH.
Sometimes the Tylers need to rein in the sensationalism. I live in Alberta. It's not as bad as ZH describes- Yet.
I'm sure it's coming, just as it will to the rest of the world.
Just keep it real, please.
Up 30% according to the Chief Medical Examiner's Office - Idiot - this is REAL
I live just south of the border in MT.
The key word in your post is "yet".
We aren't seeing nearly the number of Canadians shopping here that we did just a year or so ago....the $CA dollar has lost what? 20-25% over the last year or so? I used to see pickups loaded with shit from Costco headed to CA all the time. Not now.
Things are going to get worse too imo. I believe oil(WTI) is headed for a $20 handle before it goes back up past $55-60---if it goes back that high any time soon. As everyone pumps away for their own domestic budget reasons, overall world demand is falling as countries goes into recession/depression one by one.
coming to American soon.
Tick Tock mfers!
hairball
PS
My brother committed suicide. Suicide is a very complicated issue. I'd be careful ASSuming too much unless you know the individual circumstances.
Good article. Depressing but realistic and if you're gonna prepare for this better be realistic and prepare.
One province over in Saskatchewan things aren"t quite so bad. A more diverse economy led by the only "conservative" provincial government left in Canada. There are more unemployed tradesman than i can remember for a decade right now and it is not likely to pick up anytime soon. The last project i bid on was last week and not the most desirable job. Two hours from home with the majority of work in a crawlspace on an Indian Reservation. There were over 20 mechanical companies on the list plus more i would assume that were not on the list. That was the last job posted i bid on. There is nothing listed at all for the next month. Nothing, zip, zilch, nada. Going to be a long winter for some folks. I saved my money for the slow times. Even though its being inflated away i am in good shape to whether the storm (for how long?) I fear these suicide numbers are going to spill over everywhere in North America once the oil sector bankrupties start to unwind Mr. Market. They will happen sooner rather later cause one can only produce product just to pay the interest for so long.
How does insurance, taxes, food costs, car costs, tuition, home costs, auto repair costs COMPARE WITH $40 DOLLAR OIL WHICH IS a 1980 price.
Going through my car I found a 1999 timing belt repair on my old van for $270. Today it is 1200-1400 to do the work. Labor is very expensive.
This can't come soon enough:
The Case to “Reinstate” the Bank of Canada:
http://www.globalresearch.ca/the-case-to-reinstate-the-bank-of-canada/54...
Canada should just keep all the oil and not give any to America... we can rebuild our nation with cheap oil forever. Then we can open all kinds of factories..
Can you imagine selling oil for a ponzi US dollar?? disgusting. Take that shit US dollar out of here, it is garbage.
So how are you going to convert that cheap oil into real products and infrastructure to rebuild the nation if you don't sell it to others?
Why does anyone care about the value of the US dollar? it is worth zero,,, USA is bankrupt... any fool willing to take US dollars in a moron.
Can't wait for the BRICS gold backed bonds... now there is real money... not that BS zio USA money... what crap, it's not even issued by the US gov!!
Don't give up Canadian folks, you'll get through it!
+1
Wishing Canadian neighbors and cousins all the best. Trudeau is shit but it could be a lot worse in teh Great White North. You could have Obama.
What is weird is the old man was supposedly a poof and the kid is one too? How does that happen?
Oblowme is a sausage stuffer too...WHAT is going on?
So when is the price of pussy going to drop? There should be more hookers on the street and the web now? For the most part Alberta girls are heifers but there might be a cute one selling it.
Read about shit before -- in this book -- "The Williston Experience: A Story of Boomtown Greed."
http://tinyurl.com/pgp6yry
I need yield.