Podcast with the amazing Richard Byworth on geopolitics, war and energy security. Thanks to Richard and SyzCapital for their hospitality in Zurich!

Awesome. This is how the future gets built.

RT @DavidSolomon: Congratulations to SpaceX on today’s $75B IPO, the largest ever brought to market. Goldman Sachs is honored to have ser…

Globe & Mail reporter Chris Gay told Canadian readers ‘how to properly hate’ @elonmusk for becoming a trillionaire via SpaceX. Here’s an idea: - Maybe Mr Gay could explain to readers why Canadas fed govt lost $50bn betting against Tesla on EVs - and is in the process of losing billions more backing no-launch capacity Telesat to compete with StarLink - SpaceX. Our federal govt is lighting on fire billions we don’t have betting against a guy changing the lives of millions with reusable rockets, global internet, EVs, nueralink, boring company etc. Capitalism creates wealth as markets embrace life-improving goods and services. Which is why our teachers will get an $11bn windfall via their pension betting with Musk. Socialism destroys it through the politics of envy and statist central planning and loss-making ‘investments’ which is why this federal govt is so awful at capital allocation. @globeandmail - pls tell the whole story.

So cool. What a ridiculously cool adventure - creating something the world needs - and sticking to it when rockets failed and contracts fell apart. And then, finally, taking it public and making tens of thousands of people wealthy beyond their wildest dreams. Here’s to Elon Musk and the extraordinary world-changing SpaceX has become - and here’s to the windfall wealth of everyone who believed in and built it every step of the way.

Quote of the day

Energy realism

So unbelievably great

Premier Wab Kinew @WabKinew just called building a data centre “slavery to surveillance capitalism”. Really… Welcome to Canada, global investors! - it is an NDP art form to wrap economic illiteracy in the self-righteous language of social action and climate alarmism. - and to borrow billions in debt, lose jobs and let cities decline into drug dens while picking up transfer grant welfare cheques from Alberta. Alberta - which just created more jobs than the rest of Canada combined - is about to announce some of the largest digital - and other - infrastructure deals in the nation. Alberta with its referendum is still attracting more capital than anywhere else in Canada. Because global capital is less threatened by direct democracy than by bankrupt premiers thinking essential digital infrastructure is “capitalist surveillance”.

This is central to CUSMA negotiations. “Canada’s border isn’t just broken by federal incompetence at managing vast obvious fraud - it’s become a global magnet for the worst criminal and terror syndicates in the world now. Canada is now the #1 source nation - over 80pc - of all terrorists interdicted at US borders.”

Canada’s “criminal tourism”. Many don’t realise why Alberta’s referendum in October features 5 opening questions on immigration and benefits fraud. - Canada’s border isn’t just broken by federal incompetence at managing vast obvious fraud - it’s become a global magnet for the worst criminal and terror syndicates in the world now. They ignore our laws and pretend to be asylum seekers and raid our benefits system when caught. Terrorists love the incompetent naïveté of Canadas federal govt as much as organized crime does. Canada is now the #1 source nation - over 80pc - of all terrorists interdicted at US borders now. It’s already destroying thousands of lives and the security of millions of Canadians. How long are we going to play with fire until this obvious failure to secure our border results in a mass casualty terror attack in the USA? @gregbradyx is on it. Any comment from @SeanFraserMP or @MarcMillerVM on how they managed to destroy an immigration system that used to be the envy of the world and made Canada so unsafe?

Corey Hogan is a Liberal MP from Calgary. He wants to push back against separatism to fight for Canada. Three tips on that from someone who debated the separatist idea last year in Red Deer in front of 1200 Albertans: 1. Skip the soft-light “here to help” desk/flag schtick. - Albertans want a representative with the courage to take hard messages back to Ottawa, not a therapist delivering soft messages the other way. 2. Secure a policy win for Alberta this summer/fall: - work hard to reverse C48 - the one-way tanker ban preventing Alberta energy from getting to Asia (while the govt permits Saudi tankers to enter the other way). If you aren’t doing that, explain why not. Nationally self-defeating policies like that are why people think Canada is broken. 3. Answer the other 9 referendum questions: - Describe your response to the other 9 referendum questions defining federal/provincial powers on the use of schools, hospitals and social services by non-permanent residents, residual provincial/federal powers and judges etc. Being elected as a Liberal MP in Calgary is no small thing. You deserve credit for that. You’re the only one, and that speaks to who you are as an individual and your political skills. But that makes your task harder. Ottawa has created an environment where a third of Alberta thinks the country is broken enough to warrant going independent. A third thinks that’s crazy. And another third are willing - under the right circumstances - to let it go to a vote. Thats dangerous territory. To change those numbers, Ottawa has to reverse C48 and other obvious attacks on Alberta energy. Absent real change, more Albertans will decide to build their future on new terms. And they’ll use direct democracy to do that - over MP trustees who are scared to tell Ottawa what has to change. @coreyhoganyyc @MichelleRempel @shuvmajumdar @GregMcLeanYYC

Sports lessons for trade negotiations. :))

Sanity