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Marvin Fine
Nomad Capitalist
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Comments by "Marvin Fine" (@torontovoice1) on "Canadians are Fleeing with their Wealth" video.

Yes it is, and investors do shy away from uncertainty. But In fairness, how many accounts were actually seized and for what . Of time if any?
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How would you have handled it?
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@joet81 Sorry to hear that. and....was it unfrozen?
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They were far from peaceful
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I don't think they froze very many people's bank accounts in Canada if any, but that's not the point. The threat of freezing bank accounts makes people very unsettled. Generally speaking, investors are risk adverse, so if you think there's a risk, they may seek alternatives. Trudeau has been the worst prime minister of Canada, ever!
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Well the Canadian healthcare has excellent quality, the access to healthcare is abysmal and one of the worst. What's the good of having excellent healthcare if you have to wait 6 months to see a doctor for a 10-minute appointment. And I'm not exaggerating! You can go online and look at ohip wait times which are published. I would rather pay and get health care in a reasonable time. Moreover, many people abuse healthcare because it's free and they clog the system up from people who actually need services
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@lindachamuel5098 I think you're underestimating the scope of the sit-in. It was far from a peaceful demonstration like you said. They blocked the bridge, and with that blocked billions of dollars of trade between the two countries stopping a number of car manufacturing plants from receiving parts. As a result they have to shut down. Grocery stores couldn't receive fresh vegetables, fruit etc. And that's just the beginning, they abused the entire city of Ottawa so that it couldn't function, and continued to demonstration with the goal of capsizing the government. People continued donating money, which was aiding and abetting of these criminals continuing to terrorize the people. So what do you expect? I think the government was a bit childish in the way they handled it. They should have gone in with Force and broken it up, but instead they invoked an emergency measures act and caused some havoc to the normally peaceful and lawful operation of the government. This was not an emergency, but just a small group of people that are misguided and needed to be dealt with. Some people are so ignorant that they only care about themselves. Well, if they were donating money to these groups after they were told not to, and after they were told that it was illegal, they were jointly and severally breaking the law and will bear the consequences
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@happydaze7386 I'm not aware of any that have been filed. Are you? I think the government just wanted to break up the demonstration and bring the country back to some sense of civility. I'm not aware of anyone that has a bank account Frozen nor any of the other threatened sanctions like loss of driver's license insurance etc. I think it was just a big stick they were waving, but it did a lot of damage to the country's reputation
3
@cliasta9614 they were far from peaceful, and you know it. You can't disrupt and threaten the whole country. But the government did though was excessive! They handled it very poorly.
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@lmlmlmlm7627 I know there's been a lot of comments about this particular post, but I think you're missing the thrust of this whole procedure. This is about people that are earning seven and eight figures means like hundreds of thousands and millions of dollars per year. If you have more than two nickels to rub together, you want to do everything you can I would think to extend your life and not have it end abruptly so you can hang around for a while and enjoy it.
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I'm not so sure that the oil is going to be sold in Chinese currency. China is a dictatorship, and I would be very unsettled today if I had a lot of assets in China. I used to have substantial investments in the property sector in China, but look what happened with evergrande. There is very little oversight in China, and several of the Chinese companies like Badoo and baba have been delisted from various NASDAQ indexes for that Express reason. It's good to diversify, yes, but thinking through
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@GoodBookART I lived in Surrey for a while, so I know the Vancouver area. I'm also an emerging market analyst, and I read thousands of pages of reports on a weekly basis, some of which are on Panama so I'm well versed on the market, the risks and all of the other associated data. I think you should spend a little time doing some research.
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@subjugatedsisyphus from what I understood from the media, most of these accounts were released. They had a serious problem on their hands, and they just had no idea how to deal with it. The protesters blocked the entire downtown core in Ottawa, and block the bridge disabling trade for billions of dollars under threat of overturning the government. People that were donating money to these people and enabling them to do this we're essentially aiding and abetting them from continuing this. Their threat was to overthrow the government. That is not a basic demonstration. Now In fairness. I think the government irresponsibly and with a heavy hand without thinking through the consequences. I'm also a Canadian and I've seen the country go downhill since Mr Trudeau took power, probably the worst prime minister of the country ever had
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@webleypug well I'm sorry to hear that, but the government keep everybody fair warning to stop funding these radicals. You know Canada is a country of laws, and people should respect the law or suffer the consequences. This was a very unusual situation, and I think it was an overreach by the government, but I think they were bewildered as to what to do. The police said they can't deal with it so what do they do bring in the army and have the army start fighting citizens? What options did the government have? It's easy to say that they overreacted, but I think they gave him everyone fair warning and I don't think the Americans would have been quite so polite.
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I think that the vaccine mandates will be ending April 1st, so you can start packing your bags. Where do you plan to go?
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@John577 well I don't own any gold. I don't know how much money you have, or how much tax you pay, but the capital gains tax in Canada is 50% of the normal taxation rate. But the exception to that rule is assets which are not considered capital gains such as gold and cryptocurrencies which are taxed at 100% nominal tax. In other words in Ontario, we're talking 54%. And there are so many other things to buy than gold and cryptocurrencies. I think people can speculate on commodities especially if they have a reason to do so like buying future should have been so oil if you're an airline etc. Just buying them as an investor though I don't see a market for that unless you have inside information.
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Sounds like a plan. Where you going to go? To a third world corrupt society?
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@brunopadovani7347 you're just thinking about yourself! Maybe you're young and in a low risk group, and don't care about other people. What if you got the virus and passed it on to a senior that died? And even worse, what if that senior passed it on to other seniors like in an old age home that all died! That's the difference between having social responsibility and just caring about yourself. So when the government makes decisions they have to consider the masses and not the individuals. In the case of every law, people are inconvenienced. But the question is does it serve the common good? So these are things that each country decides based on their electorate and how people feel about certain issues. I think it's a personal decision to take a vaccine or not take one, but to go out and cause havoc to a country to try to coerce them to your way of thinking is getting close to treason! And it was on that basis I suppose that they were able to invoke the emergency measures act.
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@s.a.m.3575 I don't agree with that. First of all, it wasn't a peaceful protest at all. Secondly, governments have a duty to protect the population, so while they cannot mandate people to get vaccinated, they can impose sanctions as to what people can do and work if they're not vaccinated because they pose a risk on the rest of the population. I think we were all expecting covid to go away, but I don't think it is anytime soon. I know some people are alarmed at taking a vaccine, I was too. But after undergoing it research and speaking with a few immunologists I concluded that the risk of taking it was less than the reward of becoming somewhat protected. They don't last very long. Where I live in Israel, they started much earlier than most countries, and because our health system here is digitized, they were able to compile the all the data on 9 million people as opposed to a small study of 20,000. I don't know how much research you have undertaken on this, and I'm speaking about doing research on reliable sites like looking at double blind studies etc. Each person has to determine what is best for them based on their own particular circumstances, and you also have to as a good samaritan consider the population as a whole and not just your individual circumstance. I think the government's reaction was an overreach, but they were desperate and acted immaturely. This was handled very badly! After they determined that the demonstrations were illegal, anyone who was donating money after that was in effect conspiring to commit a criminal offense with the truckers. So whilel it may appear that the donors we're innocent bystanders, they were in effect enabling these people to continue their unlawful some some would say treasonous threats. Remember their position was we're going to block the border and disrupt the whole city until our demands are met. That is not a demonstration!
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@terriemreekie7401 his govt is not very professional for sure
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@dorothykisiell496 taking it right out of the good book
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@donphillips4492 not really very selfish because you might not be in danger but you might give a covid to someone else who will die. How many people have to die for people take individual responsibilities
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@donphillips4492 what if you're on a bus and someone's over 65 and you infect them and he dies, how are you going to feel? Or worse yet what if a friend of yours who's not at risk gets the virus from you and then goes and visits his elderly parents in an old age home and they die as a result. That's the issue of responsibility. Anyway the sooner this ends the better will be for everybody.
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@gameovergang2934 I would never vote for any lefties, but I can't vote in a US election cuz I'm not a US citizen. But I did vote last Canadian election.
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By giving the truck drivers a ticket for blocking the road, and telling them that in 24 hours they'll be towed. They should have never left let it go on that long. And if they would have been violence I couldn't handle it you should have brought in the army. You don't allow a group of protesters to terrorize a country. That said, you should allow peaceful protest but not at the expense of the entire populace. Thousands of people were affected by them blocking the border and blocking the downtown core of Ottawa
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@williamdavenportii764 if you looked at USA news best countries in the world to live, Canada rates number one. I'm here in Toronto right now for a month and it's night and day from where I live. But there's two big drawbacks in Canada, will actually possibly three. First of all it's cold like you said, secondly medical Care is extremely hard to access, it's normal to wait 6 months for a 10-minute appointment to see a specialist, and God forbid you'll need an operation how long will that take? Then finally, the taxes are pretty high. Socialism has a price, and the country has brought in all kinds of refugees from all over the world which are draining is the social services. Housing of course is another problem and has just become exacerbated with the pandemic.
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@gromiko1350 you can look at the rates of Swiss quote and compare that to any of the online brokers in the United States. They could be 100 to 500 times more expensive
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That's not true. You can always bring an application before a court of competent jurisdiction to intervene on an interlocutory basis.
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I think he's awful
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I agree with you. I think he's the worst the country ever had, even worse than his father if you're old enough to remember him.
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@M72398 good idea
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Yes that's true. Where are they mostly going to? The United States! Like the doctors and nurses! What other country are they going to in significant numbers?
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What about the crime and corruption? Is it also 1/3 of Canada? I think the weather is better though
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@GoodBookART most of the crime in Panama just like Mexico is probably not reported. And if you look at the corruption perception index, Panama is way down on the list, whereas Canada is almost at the top of the list as one of the least corrupt countries in the world. When you have police officers and government officials that hardly make a living, it seems to be a driver of corruption. And while it may feel like 1/10 of the corruption, I can assure you that's not the case. The rankings are fairly accurate. I would urge you to have a look at them
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@GoodBookART I was born in Canada
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Well I guess you're not going to be a customer of The nomad capitalist. He's looking for seven or eight figure entrepreneurs
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@laurawiser4821 well thank you Laura, but it's not for me. To corrupt, too much crime etc.
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@OkTxSheepLady there may be comments like that, but I doubt very much if anyone was significantly harmed, and even if the bank account was frozen, it has since been released. This was a very Fringe group of people who stated goal was to overthrow the government under the guise of an anti-vax mandate. I think it was very poorly handled, very amateurish, and the government did a very poor job. They should have spoken out very clearly explaining that what they were trying to do affected a lot of people and it wasn't a group of people wanting to express their opinion. They block the bridge between Canada and the USA affecting tens of thousands of people and their livelihoods, and block the whole downtown core of Ottawa. This is Way beyond any form of simple protest. You know it and I know it. Their approach to disband the obstruction was handled very poorly.
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@lukek1949 look I dislike Trudeau as much as you. I hate socialists and left wingers. They want to make everyone comfortable, and they want to confiscate money from the rich. They have probably the worst healthcare system in Canada and spend a ton of money operating it. People are leaving the country for operations all the time because they don't want to wait a year and a half. Unfortunately, it's the poor people that are suffering the most because they don't have any choices. In the case is your referring to I think you're blowing it out of proportion. This was not a simple protest. thousands of people we're aiding and abetting these people to continue this stand in. The end of it very poorly and left a bitter taste in the mouth of many Canadians. The guys in amateur!
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Come on Canada has some of the safest banks in the world. I'm not an apologist for Mr Trudeau, he's one of the worst prime ministers the country ever had
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@leondxut well Leon, first of all I think it's a significant overreach. But that said, the government declared that these protests were illegal. So the logic of law would follow that if you are assisting an illegal operation and prolonging it, you're jointly and severally liable. It's no different than any other law where someone assist another person to continue committing a criminal offense. So if the money was not flowing, these people would have left. But they were being paid to protest by supporters who paid them wages and expenses which prolonged the insurrection. There's a lot of dooders out there, so I can certainly see how people could have innocently donated money to their cause. There was a woman who owned a yogurt shop in downtown Ottawa who gave $20 her $50 to buy a can of gas so they could keep warm or propane perhaps. She was on CTV News and I saw the story. But on balance, it was handled very poorly, like a bunch of amateurs. But they should have done is come out in force and break it up. But instead they put leafness on windshields, and threaten the public which is really a pretty bad thing especially when it gives you the feeling that you as an innocent participant could be liable to subjugation and seizure. So it doesn't really bode well with the investment community or with the status of Canada. And you can see that they were not able to organize any kind of demonstration like that South of the border, because the US government would just not allow it.
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@toddmaggio2032 very well said. When someone threatens you, you should take them at their word. History is full of atrocities, but I don't think the episode in Canada comes anywhere near to the types of atrocities that have occurred in history. And let us not forget the current atrocity of Russia attacking the innocent people of Ukraine in an unprovoked war. But that's a topic for another day. Thank you for your comment. It was very relevant!
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@ZeAmigosUnited I think you're totally off the Mark. If somebody wants to leave and all they have to do is get a vaccine do you think that's going to prevent them from leaving? No! Canada is still considered the best place in the world for quality of life.
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@ZeAmigosUnited I think you're very misguided, and it's obvious by your comments that you don't have two nickels to see God Walk on water. If you have a lot of money, you want to stay healthy and alive to be able to spend it. When vaccines were difficult to get, people with money made trips to the US expressly just to get the vaccine. Now the government is handing them out free, and some people are balking! You don't have to get it if you don't want to, even Trump expressly said I got the vaccine. It's your right to take it or not to take it, but everything has benefits and privileges. If you want to be an outcast, the government uses whatever tools it can to protect the population. What if you get colvin and wind up in the ICU! The government has to pay for it, it's like five grand a day. What if they told you they're not paying for it you can die because he didn't take the vaccine! You know how many people in the covid wards I've told doctors I wish I would have taken the vaccine, now I'm going to die! Give your head a shake there
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@user-sn3cs2hd8r the protests were eventually outlawed if you want to call them that. Once that happens if you donate money to these people you're in effect committing a criminal offense. That's the law all over the world! They handled it very badly, but people need to respect the law
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@user-sn3cs2hd8r these weren't elites. They were a bunch of thugs being supported by people all over the country to cause havoc to citizens of the country. In all democracies, you always have some people's rights that are encroached for the benefit of the bulk of the population. It's like the charter provisions of freedom of expression, they are not absolute. You also cannot say things that are untrue.
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@tuk25 listen, the Canadian government freezes bank accounts all the time. CRA does not need a court order to do it, it's pretty common and thousands of people get their bank accounts Frozen. There's probably a bunch of other things that you probably don't know. They can also deny you a passport under certain circumstances. And Canada is not alone, the United States is even more brutal. The only difference here is that no government that have ever threatened to freeze bank accounts of unruly protesters, if I could use that expression lightly. I think it's unprecedented, and even if no accounts were frozen, just the threat of freezing the accounts is enough to give people pause for concern. Statistically, most Canadians agree with what the government did. They are involved in constant polling, and they know exactly what their electorate likes and dislikes. After causing an extreme disruption in Ottawa and blocking the border affecting the lives of tens of thousands of people rather than use Force which is what most governments would do, they threatened economic sanctions solely against people that were involved in doing it, and to a lesser extent, those that were enabling them such as people donating money to their cause. Yes, it's a very extreme step for any democracy to do, but there is even more precedence for that which was the war measures act that his father, Pierre enacted when a cabinet minister named pierre Porte was kidnapped. Under the war measures act, people can be arbitrarily arrested detained and a whole host of other things, so what he enacted the emergency procedures act I think it's called who was substantially short of the war measures act. In my opinion, it was over arching, heavy-handed, and devoid of sensibility. But, life got back to normal as a result with a minimal amount of disruption. But I think if you look at the whole thing in context, it wasn't completely unreasonable
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@KevsGuide I agree. How should the government have ended the stand in
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@GHutube8 I very much think that all governments will regulate cryptocurrencies, and it will go very badly for them, likely going to zero. There is no asset, there's no product, there's no business, it's just basically a pyramid of people buying into the same thing and the price going up. I think that the US government will come up with their own digital dollar which will be an extension of the US dollar with the full faith of the US Treasury. Once that happens, no one will want cryptocurrencies. China has already outlawed them, and Biden is already signed an executive order to study how they can regulate them but in reality, they want them canceled. And why shouldn't they? They're used by tax evaders, drug dealers, and all forms of nefarious things in addition to people dreaming about getting rich. I'm not a fan and anyone who is educated in investments of understands the reality.
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@dorothykisiell496 they were very much not peaceful, the acted like terrorists
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@dorothykisiell496 I think so. I don't like Justin Trudeau, but these protests caused immeasurable damage, and they're far from peaceful as you clearly pointed out. I don't know what is with people that are so selfish that only care about themselves. A country has to protect the bulk of its citizens. I think the acted responsibly. Disbanding the protest was done very poorly, and they waited way too long.
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@donphillips4492 you know that's not the truth. There are certain exemptions for people who have already had the virus, but as you know, if you got the Delta variant you are not immune to the other variants. So it's especially important for hospital workers not only to preserve their life, but to preserve the life of their patients. Obviously you never went to school or had any advanced education or academic training, nor do you probably have any money. I say that for the following reasons. Anyone that has money wants to hang around for a while to be able to spend it. People have gone to Great lengths to get vaccinated. Moreover, the vaccine was approved after careful and methodical testing. Moreover in Israel, they tested the vaccine on 8 million people. I'm not saying there's no risk, there is a risk with every medication. The question is is the risk of taking it less than the risk of not taking it.
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@frogicus look anybody can own the stock from moderna or Pfizer. We should all be thankful and grateful that Trump instituted warp speed and got us a vaccine so quickly. There was just a study commissioned that people that took the fourth vaccine were 92% less likely to die from covid then people who didn't. If you have two nickels to rub together, you'd like to hang out for a while and be able to spend it, and spend it while you're healthy not sick! You obviously don't have any money, and no appreciation of life by your comments.
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@aleksanderproductions using that trope Nazi is a complete insult to the 12 million people that perished in the second world war and in particular The six million people of my faith. That said, what they did caused havoc to the city of Ottawa, and worse, blocked the border for almost 2 weeks. Invoking and the emergency act is an extreme Overkill. They should have simply start of issuing traffic violations and started using tow trucks and taking all these things down. But he's a pacifist and was afraid to engage the truckers in fear of a violent confrontation.
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@aleksanderproductions thank you for the update on the history, and I commend all righteous gentiles of the second world war. As far as Trudeau is concerned, I don't like his policies at all, then again, I don't like any of the policies of the left. Hopefully, a different government will come in in the next election. But I have no plans to move back to Canada
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@aleksanderproductions I commented on your channel
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@joering4461 I'm not sure what that means Joe. Can you elaborate
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@joering4461 okay I wasn't aware of that. I left Canada 12 years ago and I'm just there during the summer months. I don't watch all the news. If they line the highways in peaceful protest, that's okay. I objected to the obstructions with the truckers in Ottawa, and blocking the borders. This is reminiscent of the the kind of ploys that unions use. I'm not in favor of that approach. Peacefully protesting and making yourself heard without causing damage to other parties that may not agree with your point of view is a constitutionally protected right under 11b of the charter. This is something that freedom loving people all over the world agree with. Look at what's happening in Russia right now, 15 years in jail for telling the truth to counter the propaganda lies. And we should all be happy that there are democracies in the world. Thank you for your comment and forgetting back to me with such haste. Regards
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@BR-bv8yl they terrorized the lives of tens of thousands of people and block the border causing tens of thousands of layoffs and disrupting the economy. Demonstrating to express your point of view is one thing, but no one has the right to impose their views upon someone else, or otherwise cause untold damages. There's a difference between peaceful demonstrations, and blackmail. These terrorists threatened not to stop their demonstration until the government accepted their demands. Open up the criminal code and look at the definition of extortion!
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@williamdavenportii764 very friendly people, people stand in line orderly, people observe the rules and act professionally generally. It's a big difference from where I live in the Middle East, a small country nestled between Lebanon Syria Jordan and Egypt
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@Tom Doran they were anything but peaceful.
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@karenburrows9184 no it certainly was not. And the leader, where is she now? In the crobar hotel, where she belongs!
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Do you have any idea what the cost of banking in the jurisdictions is? Forget about the minimum deposit. To buy or trade a stock in Canada is around 7 bucks. Buying a million dollars in stock in Switzerland will cost you at least 15 basis points in fees, another 15 basis points in stamp duty not to mention another 15 basis points in safekeeping fees. So instead of paying seven bucks and no other fees, and a 1 million trade you will pay$3,000 to execute the trade plus $1,500 a year just to maintain the account. Of course when you sell the stock, they'll be another $3,000 fee.
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I hope it's not the bond fund EMB?
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Each year Canada welcomes about 1% of its population in new immigrants
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Just get vaccinated. I've already had four, and I had no effect other than the sense of well-being and if I did catch covid
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@greatchalla3799 I don't want to get into an anti-vax discussion, but I think the government stepped up to create an environment of safety for the masses, and slight inconvenience to the dissenters. But you know, you might not be in a high-risk group, but you might infect someone that is and they might die. That said, the vaccination does not stop you from transmitting the virus, and I don't even know if it restricts you from getting the virus, but it certainly prevents you from serious hospitalization or death.
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@147andreluiz no not really. I'm just giving you my personal opinion on what I did for my own personal protection. All medication has a risk / reward equation. I was very concerned about taking the vaccine just like you and I consulted with professor of immunology as well as my family doctor. I didn't take the decision lightly. But each person has to make their own decision, and every government should make the decision based on the will of the people.
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@vanessab2726 I live in Israel so its a local call!
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You're being silly and selfish all at the same time. I know people that want to get vaccinated, but they changed their mind because they wanted to travel. Until about a relation gets vaccinated the virus is going to keep spreading.
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It wasn't the war measures act, that one his father did with the kidnapping of pierre LaPorte. I think it was called the emergency act. Just one step below the war measures act if you're counting
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Are you still haven't gotten mugged?
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