Category Archives: #CdnPoli | Canadian Politics

Crypto, The Scam Currency Championed by Vancouver Mayor Ken Sim

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Cryptocurrency promised a democratized financial future.

In practice, it functions like a casino wrapped in techno-mystique — ideal for laundering money and enriching insiders.

The Financial Action Task Force (FATF), the world’s Anti-Money Laundering standard-setter, warns that without strong rules, “virtual assets … risk becoming a safe haven for the financial transactions of criminals and terrorists.”

FATF Chainanalysis traces tens of billions in tainted money each year — its 2025 report estimates illicit crypto addresses received about $40.9 billion in 2024 (likely nearer $51 billion once all is identified). FATF Chainalysis has issued red-flag indicators and repeated calls for tougher global action precisely because criminals employ crypto to launder funds.

Crypto’s core economic claim — “value” — is equally shaky, fraudulent even.

The Bank for International Settlements writes bluntly that crypto assets “have no intrinsic value and lack a backing authority,” making prices prone to sudden swings. Bank for International Settlements reviewers have long argued they are “akin to a commodity money (although without any intrinsic value in use).” That hollowness fuels boom-and-bust cycles in which sophisticated players harvest gains while latecomers eat losses, the ultimate Ponzi scheme.

Who actually wins?

Not the many, but the whales (the very very wealthy, the 1%). Academic work and regulators document extreme concentration: the top 10,000 Bitcoin holders controlled a massive share of supply, revealing “participation … still very skewed toward a few top players, which is to say, the wealthy one per cent.” Such concentration means market moves are often dictated by a tiny cohort of the very wealthy, who can move liquidity and sentiment at will — hardly a people’s money.

Against this backdrop, Vancouver’s Mayor Ken Sim has championed making the city “Bitcoin-friendly,” even floating paying municipal property taxes and holding reserves in Bitcoin — “a hill I am willing to die on,” he told Business in Vancouver’s Mike Howell this spring while awaiting a staff report.

BIV reporting in December 2024 detailed his motion to explore accepting Bitcoin for taxes / fees and investing a portion of city reserves. Tying essential public revenues to an asset class that lacks any intrinsic value is fiscal brinkmanship, not innovation. (Bank for International Settlements)

Crypto currency certainly doesn’t serve the interests of the citizens of Vancouver.

The pattern is clear: a system tailor-made for obfuscation — bafflement, bewilderment, mystification, puzzlement — celebrated by a wealthy minority that profits from volatility, and promoted as “the future” despite watchdogs’ alarms.

When the smoke clears, crypto looks less like finance for the many and more like a high-risk conduit for the few — plus a convenient money laundering tool for the criminal underworld.

And this is the fraudulent “currency” Mayor Ken Sim champions?

VanRamblings Makes Its Triumphant Return, Again

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After an interregnum of some 284 days since VanRamblings published last, today — Monday, August 18th, 2025 — marks VanRamblings inglorious return.

In the coming days, weeks and months, as per usual, most Mondays, Tuesdays, Wednesdays and Thursdays, we will publish our thoughts on all things municipal, provincial and federal politics, interspersed with columns on cinema (such as this Friday’s column on film festival season), and on the occasional Saturday, return to our semi-regular feature, Stories of a Life, and on Sundays, Sunday Music, where we will continue writing about our favourite 100 albums of all time.

Most of the next two weeks will be given over to writing about Vancouver’s municipal political scene, this week and part of next focusing on the probable Mayoral aspirants seeking office in order that they might install themselves in the spacious offices and luxurious living quarters located on the third floor at Vancouver City Hall (thank you, Dr. Penny Ballem), a home away from home for the Mayor.

In tomorrow’s column, VanRamblings’ focus will be on who, only a month ago, seemed to be the serious-minded Mayoral aspirants. Much has changed, though, over the past month, and the list of Mayoral aspirants has winnowed considerably, although a few of the usual suspects for Vancouver Mayor remain serious about making a bid for office on Saturday, October 17th, 2026.

A major focus of VanRamblings’ writing beginning next week through until October 12th will be, what for us, is the première arts event of the autumn season, the 44th Vancouver International Film Festival, which this year will run, in a somewhat truncated form, from Thursday, October 2nd through until Sunday, October 12th.

As far as we are able, we’ll attempt to keep the columns short, pithy, informational and full of our somewhat out on the edge opinions, bound to make some folks (usually the ones being written about) unhappy, while enlightening others in what we hope is an entertaining and provocative manner. As far as possible — given our advanced age (we’re 75 years of age now) and our general ill state of health (alas) — we’ll try to stay away from what once was our stock and trade: hyperbole, always fun to write but, perhaps now, a thing of VanRamblings’ ignominious past.

With the exception of Friday, September 5th — when, in the first person, we’ll write about our various health travails — we’ll continue to employ the third person voice on VanRamblings, which we know drives some people crazy, but there it is.

We look forward to your return tomorrow, and in the days, weeks and months hence, as we once again seek to build our loyal, and just plain great, readership — who want to know just what is going on in our municipal, provincial and federal governance, and the who, what and why of the decisions that impact our lives.

#BCPoli | BC United Leader | The Personal, Joyful Tragedy of Kevin Falcon

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Bliss, happiness, joy, a life fulfilled, family as all important, and a driving political force: BC United leader Kevin Falcon sitting on the porch of their home with wife Jessica and their two daughters

Kevin Falcon is one of the most driven, successful and accomplished tranformational figures to grace the British Columbia political landscape this century.

The former Deputy Premier of British Columbia, Kevin Falcon is generally regarded as one of our province’s most successful ever Finance Ministers — during his tenure in that portfolio, providing necessary services and economic growth to serve the interests of all British Columbians — an outstanding Minister of Health — yet another portfolio in which he far exceeded expectation, emerging as a groundbreaking defender of our health care system —  and a builder in the mould of former Socred Premier, W.A.C. Bennett, Kevin Falcon in his lengthy, storied tenure as British Columbia’s Minister of Transportation and Infrastructure — without Kevin Falcon, those of us living across Metro Vancouver would have no Canada Line today, with ridership levels of more than 170,000 commuters each day, were it not for the across the aisle, non-partisan, visionary leadership of Kevin Falcon.

The current leader of B.C. United — the official opposition in the British Columbia Legislature, to Premier David Eby’s British Columbia New Democratic Party — Kevin Falcon is a generational British Columbia political leader who has long served the best interests of the citizens of our province well, with dedication and distinction.


Jessica Elliott and Kevin Falcon were wed on Saturday, July 25, 2009, in a low-key, back yard ceremony

For all his success as a Minister of the Crown, Kevin Falcon — for almost a half century — was a confirmed bachelor, leading a lonely — if directed — life of service, unloved, unseen, unappreciated and little known — feeling deep within himself that he was, perhaps, undeserving of love. Upon meeting Jessica Elliott, a substitute teacher working on her Master’s degree, he fell head over heels in love, and much to his utter surprise and delight,  the object of his deep affection and love, fell just as deeply in love with him as he was with her, as remains the case to this very day.

Life changed forever — Mr. Falcon would contend, if you were to ask him, for the much much better — upon his marriage to Ms. Elliott, now Ms. Falcon, the personal, joyful “tragedy” of Mr. Falcon’s marriage to Ms. Elliott compounded only months later by the birth of his daughter, Josephine, now 14 years of age, and in 2012 with the birth of his second child, daughter Rose, all of 11 years young.

With the birth of newborn Rose, Kevin Falcon — now and forever, a changed man, a family man whose primary priority was now the happiness and welfare of his wife Jessica, and their beloved young daughters — told the members of his B.C. Liberal caucus that he would not run for re-election in his long-held Surrey-Cloverdale riding, in the then upcoming 2013 British Columbia provincial general election.

As a dedicated family man — his life revolving almost totally around his wife, and two daughters —  Kevin Falcon did not forego contribution, as he took on a number of volunteer roles with non-profit organizations, including the Canuck Place Foundation, Lions Gate Hospital Foundation and the Streetohome Foundation.

From that date in 2013 through until February 5, 2022, upon crossing the 50% threshold required to win the leadership of the B.C. Liberal party — which he did on the fifth ballot —  Kevin Falcon had remained out of politics, when in 2013, he joined Vancouver-based Anthem Capital as their Executive Vice President.

Following Mr. Falcon’s win, Andrew Wilkinson — who had led the B.C. Liberals to ignominous defeat in the 2020 British Columbia election, his campaign for office dogged by allegations of lack of leadership, and anti-LGBTQ / anti-vax / anti-woman / eugenics sentiment of then Chilliwack-Kent B.C. Liberal candidate Laurie Throness — formally resigned as an MLA to free up his Vancouver-Quilchena seat  for Mr. Falcon. A by-election for the riding was called on April 2, 2022. Mr. Falcon won the by-election, and was elected riding MLA, taking his seat in the Legislature.

Perhaps the most transformative change western culture has experienced in the past two decades has arisen as a consequence of the critically important, the vital, the fundamental, the pivotal and the joyous, indispensable role men have now come to play as involved, utterly essential fathers in the lives of their children.


Clockwise from the top left: Scott Andrews, senior consultant at Earnscliffe Strategies; Derrick O’Keefe, journalist with Richochet Media; Gavin Dew, BC Conservative candidate for Kelowna-Mission, with his lovely wife, Erin, and their beautiful daughter and young son;  and Stephen von Zychowski, President of the Vancouver District & Labour Council, with daughter, Coraline (who he loves with all his heart).

The Kevin Falcon of 2024 is very much not the Kevin Falcon of 2001 thru 2013.

The Kevin Falcon of today is more forward and ‘future thinking’ than the Kevin Falcon of old — the pre-having-a-family Kevin Falcon — the Kevin Falcon we thought we all knew, but apparently did not, and the Kevin Falcon the B.C. Liberal party elected as the redemptive leader of the aimless, perhaps too regressive, ‘out of touch with the times’ B.C. Liberal party of 2022, the centre-right B.C. political party that had been so unceremoniously defeated in the 2020 B.C. election.


BC United leader Kevin Falcon, walking his beloved, cherished daughters, Rose & Josephine, to school

Today’s VanRamblings constitutes the first of a two-part series on the B.C. United leader, the second part of the series expressing why Kevin Falcon and B.C. United find themselves in the doldrums politically, seemingly on the verge of political oblivion come the evening of Saturday, October 19th, why the newly progressive, forward-and-future-thinking, newly-minted B.C. United leader believed it was of critical importance to excise a backward thinking, neanderthal member of the B.C. Liberal caucus — which is to say, current B.C. Conservative party leader, John Rustad, who Mr. Falcon could just not stomach — and the impact that decision has had on Mr. Falcon’s personal and political fortunes, and on the fortunes of the British Columbia political party he heads …  but for how much longer?

1979 | 27-Year-Old NDP Rogue Candidate Wins Landslide Nomination

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In 1979, when VanRamblings was enrolled in a Master’s Programme at Simon Fraser University (in Policy Administration, don’tcha know), Pauline Jewett — Simon Fraser University’s President, the first woman to head a major co-educational university in Canada — was approached by federal NDP leader Ed Broadbent, who asked the esteemed Dr. Jewett to consider becoming the New Democratic Party candidate in the Burnaby riding, in the upcoming federal election. With her tenure as SFU President drawing to a close, Dr. Jewett readily agreed to the proposal made by Mr. Broadbent, the deal done, the nomination sealed.


Pauline Jewett, Simon Fraser University President | Ed Broadbent, New Democratic Party federal leader

Not so fast …

Across town, there was a 26-year-old young man who had just graduated with distinction from the University of British Columbia Law School, and moved into a condominium with his boyfriend, just “down the hill” from Simon Fraser University.

Now, we’re talking 1979, when openly living with your boyfriend was not well accepted among the general population.

Even so, this brash and very bright young man made the decision to seek the federal New Democratic Party nomination in Burnaby, turning what had been planned as a New Democratic Party coronation for Pauline Jewett into a race.


Louis Riel House, Simon Fraser University student family residence, where VanRamblings lived.

The young man had every intention of winning the nomination, and becoming the next Member of Parliament, representing the good citizens of Burnaby.

This young man made his way to Simon Fraser University, meeting with members of the Student Forum, various of the student political groups on the left of the political spectrum, staff at the student newspaper, The Peak, as well as student leaders across the university, one of whom was VanRamblings, this young man meeting with us — usually in a packed apartment full of campus activists — on several different occasions, in our student residence apartment at Louis Riel House.

In fact, this vibrant, charismatic and engaging young man made a point of introducing himself to every student in each of the student residences at SFU, often meeting with these students several times, signing them up to his campaign team.

In the three months leading up to the off campus NDP Burnaby riding nomination meeting, the young man’s campaign team had signed up 3,000 new members to the Burnaby riding association, from across the demographic and cultural spectrum. Membership in the party had grown to such an extent that the riding association kept having to book larger and larger venues. On the night of the nomination meeting, more than 2,700 riding association members arrived at the hall to vote for their candidate, the majority of whom it soon became clear would cast their ballot for this charming, fascinating, almost bewitching, and intriguing young man.


Svend Robinson, 1979. New Democratic Party Member of Parliament, May 22, 1979 – June 28, 2004

Svend Robinson went on to win the federal New Democratic Party nomination to represent the citizens of Burnaby in a walk, garnering more than 90% of the ballots cast, the writ dropped by Prime Minister Pierre Elliot Trudeau within days of Mr. Robinson’s precision, near military campaign-style run to secure the nomination.

On May 22nd, 1979, Svend Robinson became the Member of Parliament for the Burnaby riding, where he was re-elected term after term for a quarter of a century.

In the years that followed Svend Robinson’s election to Ottawa, this principled New Democratic Party Member of Parliament, working locally with Gary Cristall on the Committee for the Defense of Human Rights in Latin America, and with Scott Parker and Daryl Adams on the Galindro Madrid Defense Committee — Mr. Madrid jumping ship in Vancouver, to make an application for asylum, to escape the brutal regime of Chilean dictator, Augusto Pinochet — Svend Robinson played a pivotal role in gaining citizenship for thousands of Chilean refugees fleeing the Pinochet regime, in all of our meetings, a quick study always, getting quickly to the core issues at hand, as we moved together towards remediative action and resolution.

When, over time, reflecting on his initial run for office and his work to secure the Burnaby NDP nomination in 1979, Svend passed on this piece of wisdom …

“Raymond, winning a nomination or winning election to office is always a numbers game. Planning, hard work, a first-rate campaign team, commitment, knowing why you’re running, keeping an eye on the goal, working closely with people to gain their confidence, to win them over, to assure your future voters you’re on their side, that you will do everything humanly possible to represent their interests locally, to work to resolve their individual problems, while remaining aware of the macro goals of your work — that’s the key to winning, not just for yourself, but for your constituents, for society at large, and for the world.”

Little wonder that Svend Robinson served with distinction for a quarter century.

Coda


Pauline Jewett, NDP Member of Parliament, New Westminster-Coquitlam, May 22, 1979 – July 5, 1988

Having lost her bid to become the Member of Parliament to serve the residents of Burnaby, NDP leader Ed Broadbent appointed Pauline Jewett to run as the NDP candidate for New Westminster-Coquitlam, where she served with distinction in Parliament for nearly a decade, elected to office in 1979, again in 1980 and in 1984.

In 1991, Dr. Jewett was made an Officer of the Order of Canada, and in 1992, she was appointed to the Privy Council.

In 1990, Pauline Jewett was appointed Chancellor of Carleton University, serving in that role until her death from cancer on July 5, 1992.