The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin 50 Year Mortgages and Grandpas Going Back to Work! | Sip and Rip 003
Nov 9, 2025
This week tackles the controversial proposal of 50-year mortgages, critiquing the idea of lifelong debt. The discussion shifts to scrutinizing Canada's October job numbers, revealing skepticism over the reported statistics. A bold alternative to universal basic income is proposed: government equity in major companies. The podcast also delves into the debate on whether Islamic teachings belong in public schools, highlighting concerns over curricula driven by social justice. Finally, attention is given to potential misrepresentation in immigration statistics.
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Mr. Feeney Opener And Snowy Setting
- The host opens with a personal aside about William Daniels (Mr. Feeney) and seasonal snow in southern Ontario.
- He uses the Mr. Feeney reference to introduce the mortgage discussion and sponsors briefly.
Long Amortizations Mask Big Interest Costs
- Extending mortgage amortizations to 50 years only lowers monthly payments slightly while massively increasing lifetime interest costs.
- The host argues 50-year mortgages create lifelong debt servitude and revive risks seen in the 2008 crisis.
UBI Likely, But Equity Stakes Could Be Better
- Universal Basic Income is likely inevitable as jobs erode from automation and AI.
- The host proposes 'universal basic capital' via government equity stakes as a preferable alternative to straight cash handouts.