Canada Pension Plan “Ponzi scheme” divests from US “detention centres” — but invests in Chinese surveillance companies
Episode Stats
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Summary
The Canada Pension Plan has been making investments in migrant detention centers in the US, and it's doing it with a negative rate of return. What should your pension be invested in? Should it be done by professional managers, or subject to a veto by woke politicians?
Transcript
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Hey Rebels, I've got a bit of a change of pace for you today.
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I look at the Canada Pension Plan and some of the companies around the world they've
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been investing in, including companies in Communist China.
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Can you consider going to the rebel.media slash shows and becoming an $8 a month premium
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If you buy a year-long subscription that's only $80, and if you enter the coupon code
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And you get the video version of the show, which I think is pretty great.
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And you get other perks like Sheila Gunn-Reed's show and David Menzies' show.
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Tonight, how should your pension plan be invested?
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For the greatest rate of return by professional managers, or subject to a veto by woke politicians?
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It's July 9th, and this is the Ezra Levant Show.
00:00:59.020
Why should others go to jail when you're a biggest carbon consumer I know?
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There's 8,500 customers here, and you won't give them an answer.
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The only thing I have to say to the government about why I'm publishing it is because it's
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They're quoting an NDP member of parliament who referenced some public filings.
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And according to those very reliable sources, the Canada pension plan has sold off its stock
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in private companies that run migrant detention centers in the U.S.
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By the way, here's a Human Rights Watch report that shows Canada detains children who try to
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About 240 kids a year, according to this report.
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But it's easier for the Toronto Star to hold Donald Trump to account than to hold Justin Trudeau
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And of course, Donald Trump doesn't have a $600 million bailout for Canadian newspapers for
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I just want to give you a word about the CPP itself, the Canada Pension Plan.
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No one under the age of 60 is going to get their money back from the Canada Pension Plan.
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It's not actuarially sound, as in it's not a true investment.
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It's political, designed by politicians who, of course, have a very strong bias towards winning
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the very next election, not ensuring your pension is fully funded decades from now.
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I mean, the CPP pension plan started paying out right away, immediately after it was created.
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So those very first retirees, they were just getting a government grant.
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It wasn't a true return on their own investment that they were getting back.
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They were taking money from future generations, of course.
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The Canadian Pension Plan Investment Board, they had a pretty flashy website, and they're
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They have $392 billion under management, they say, with an 11.1% rate of return.
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That's what they'll earn, though, because you will actually get a negative rate of return.
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Because your money that you pay every time you get a payroll deduction, you know, you
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see the CPP taken off it, it's not set aside for you in your own account marked with your
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name, like a real pension plan or a real bank account or an RSP.
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And people who retire before you, well, they already spent some of that money on them.
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People retiring today are taking some of your money from the future.
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So by the time you actually retire, you won't even get your money back.
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You literally would do better if you stuck your money in a mattress.
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Or as a more normal country might do, let you have your own pension plan, let you invest
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your money yourself, as many Canadians do with an RSP.
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I want to tell you that $392 billion, that sounds incredibly impressive, doesn't it?
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But a few years back, they were audited by the Office of the Superintendent of Financial
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And they found that the CPP's unfunded liability, that is the money they would owe everybody if
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they actually made good on their promise versus the money they have, they're short about
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And that's getting worse every year, as in they're missing two-thirds of what they need
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So yeah, all of a sudden $392 billion doesn't sound so big when they're missing $900.
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Now, few politicians have the courage to do anything about this, because making things
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fair for future generations means making them less rich for today's retirees, which means
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reducing the overpayments today, that's tough politically.
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Stephen Harper was taking baby steps in this regard.
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I think he was slowly making the retirement age when you could claim CPP a little bit
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I think it was a month, a year, if I recall he was planning to do.
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So no one would suddenly be cut off or anything.
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Remember, when the CPP was created in 1966, life expectancy in Canada was about 72.
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And you didn't get your pension until I think it was 69.
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So frankly, the average Canadian wouldn't collect it until very late in life.
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And the average Canadian would only collect it a few years before they passed away.
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So instead of three years on a pension, you got 20 years on a pension.
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Because the mandate of the CPP Investment Board, no matter how bad it is, their job is
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to make as much money as they can to do their best to pay at least a fraction of what you've
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given to the government in CPP deductions over the years.
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They say they make their decisions where to invest as professional money managers, not
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Now, that doesn't mean they're not infected by politics.
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Here's their report on sustainable investing, which is just their way of saying being a left
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It says the words diverse or diversity exactly 50 times.
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But that doesn't mean diversifying your portfolio to manage the risk.
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That's what diversity used to mean in investment.
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They mean affirmative action quotas, you know, like how Justin Trudeau appointed his cabinet
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The CPP Investment Board has a quota champion on their staff, senior person, whose job it
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is is to replace white men with women of color.
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How race or gender have anything to do with financial returns, I don't quite know.
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To me, they're just demanding racism and sexism.
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Let me read to you from Adriana Morrison, their diversity queen.
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She was asked, can you discuss your group's work on gender diversity and how it fits into
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And she said, our gender diversity work has been one catalyst for this new focus area.
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We identified lack of gender diversity on the boards of our investee companies as a
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business and financial risk a few years ago and have since ramped up our proactive work
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So the Canada Pension Plan, what they do with your money is they invest it in companies,
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They look at companies that are doing really well in business, not just in Canada, but around
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Do they have a reliable team, successful track record?
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Is it trustworthy enough a company to put Canadians' pension money?
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And after all that due diligence, after checking it and kicking the tires and reading the financials,
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And then the CPP starts lecturing those companies about replacing their management and their board
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But I'll come back to that in a moment because I think it's a lie, actually, that whole diversity
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Let me quote one more part of this diversity wokeness report that I got right off their website.
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And divest means why does the CPP not sell stocks of companies that they disagree with politically?
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I mean, you've heard about woke investors divesting from oil and gas companies in some climate
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statement or divesting or boycotting from Israel and selling companies there as some anti-Israel
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Our responsibility is to maximize investment returns without undue risk of loss.
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Eliminating entire categories of potential investments would not be consistent with that
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Risks of divestment include missing out on potential returns needed to support CPP beneficiaries
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or being compelled to sell assets at suboptimal times.
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See, they're not investing their own money, right?
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They're investing your money so they should maximize your rate of return.
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If individual Canadians who get their CPP payment want to spend their CPP checks on their own
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politics, have that, but not the investors, not the bankers.
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So the CPP does say that they use their rights as shareholders to nag the companies in question.
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They say they press for change from the inside.
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In general, CPPIB believes we can more effectively press for positive change by being an active,
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engaged investor than we can by sitting on the sidelines.
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CPPIB treats ESG factors as an integral part of our investment considerations.
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More responsible corporate behavior from investees and higher returns for 20 million contributors
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Okay, so now you're thinking, maybe it's all just BS.
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Maybe they just want to make maximum money, but they know they have to hire a few token
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blatherers like this woman who's really woke on climate and gender.
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And as long as she's just squawking and they publish this big report, that'll do.
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They're not actually going to quit investing in, say, American fracking companies just because
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some hippie handcuffs themselves to the bank door.
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But back to the news peg of today that I read at the very beginning.
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Canada pension plan divests from U.S. companies involved in migrant detention camps.
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Canada's largest pension fund has quietly divested from two American private prison operators
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deeply involved in the detention of thousands of Latin American migrants at the southern
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According to new Democratic Party MP Charlie Angus.
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When I want an expert in pension funds and investments and, you know, money stuff, I look
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He's the guy on the left in this video at this investment strategy conference.
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Oh, sorry, that's not an investment strategy conference.
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That's just some socialist MP who plays the guitar.
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But he's got strong opinions on how the CBP should be managed, people.
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In a letter Thursday to Canada Pension Plan Investment Board Chief Executive Mark Mackin,
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Angus noted that the Crown Corporation's recent filings with the Securities and Exchange Commission
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no longer listed investments into the two companies involved.
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The Guardian reported late last year that the CPPIB held millions of dollars in stock in the
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GEO Group and CoreCivic, two private firms that hold the majority of contracts from the federal
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government to manage several migrant detention centers in the U.S.-Mexico border, camps that
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have come under fire for severe overcrowding and squalid conditions.
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Now, to be honest, I do not know why the CPP divested from those companies.
00:12:32.400
But Charlie Angus and the leftist extremists, like the Guardian newspaper, have been hassling
00:12:40.240
But let me point out a few other things about the CPP Investment Board that don't seem to
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bother Charlie Angus or the NDP or the Guardian or the Toronto Star or really anybody on the
00:12:51.860
Here's a news story just from a couple months ago from BNN Bloomberg, the business channel.
00:12:58.780
Headline, CPPIB mulls opening first office in China.
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The Canada Pension Plan Investment Board, which manages about $368.5 billion, is considering
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opening its first office in China as it seeks greater exposure to the world's second largest
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So China has obviously declared a trade war on Canada.
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They have banned our agriculture, banned canola, banned any crops from the West, banned all meat.
00:13:26.300
And if you care about, you know, diversity and human rights and all the things that quota
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queen at the CPP was talking about, you know, there's that little thing about two Canadians
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It's about the diversity hire, the CPPIB, who's going to head up their new shop.
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Prior to joining CPPIB in 2007, Kim worked at Ontario Teachers Pension Plan and Carlyle
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When I started at Carlyle Asia Buyout Fund in 2002 at the sole office, I was the only female
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There was no other female working in private equity in the country at the time.
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While that's changed in the years since, Kim says gender bias is still quite common in
00:14:10.140
So you've got China holding hostages, banning Canadian imports, but we're going to invest
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billions of dollars in them from our government-run pension fund because apparently investing
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in a dictatorship like that is sustainable and woke.
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And after all, a girl is going to be managing it.
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Here's another story from the same news network, BNN Bloomberg.
00:14:33.440
CPPIB's CEO looking to grow China exposure despite trade uncertainty with the U.S.
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The head of the Canada Pension Plan Investment Board said he is looking to increase the investment
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manager's exposure to China despite how the country's uncertain trade relationship with
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Now, I read the story, and I read the last story too, and there's not a word about China's
00:14:58.780
Imagine the chumps they must think we Canadians are.
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They don't even answer our foreign minister's phone calls.
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And we say, hey guys, hi, can we give you some more money because you're like totally
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Here's a Globe and Mail story about just what the CPP is investing in, by the way.
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CPPIB conducts human rights checks on Chinese investments amid use of surveillance equipments
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Uyghurs, those are the Chinese Muslims in that western province called Xinjiang.
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I've been to Xinjiang, and although I was only there for a week, I certainly wandered around,
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and well, every single person I spoke to and met was Muslim.
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And I've got to say, it's the most laid-back Muslim community I've ever seen in my life.
00:15:50.120
Zero evidence to my eyes in my one week there of radicalization.
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I think probably because they haven't been radicalized by either Iranian or Saudi money
00:16:04.040
But still, China has put a million or more Uyghurs in concentration camps of sorts.
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They're not death camps, but they're re-education camps, they're political punishment camps.
00:16:13.460
I'm generally skeptical about Islamic politics, as you know.
00:16:17.820
But I have to say, from my short personal experience, I'm pretty sympathetic to Uyghurs.
00:16:24.260
I just don't think they're like, say, Muslim radicals in Pakistan or Syria.
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They're about as casual and laid-back as it gets.
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I mean, speaking as a Jew, I was there for a solid week, really never spoke to anyone who
00:16:35.940
wasn't Uyghur, and they literally had no thoughts or feelings about Jews or Israel at all.
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It's probably the least anti-Semitic place in the Muslim world, to be honest.
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I know that's just an anecdote, but that's what I saw.
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Canada is there to help the Chinese government surveil its own people
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Here's what the CPPIB was asked by the Globe and Mail about that, and here's how they answered.
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Companies that violate human rights aren't positioned to succeed and have no place in any
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portfolio that exists to deliver risk-adjusted returns over multiple generations.
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We are monitoring the practices of companies in this regard, said Michel LeDuc, global head
00:17:22.000
of public affairs and communications at the CPPIB in an email statement.
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In particular, he said, quote, the potential misuse of advanced technology is a concern.
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Mr. LeDuc was responding to questions from the Globe and Mail about the CPPIB's ownership
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of Chinese surveillance equipment companies that U.S. legislators want to blacklist for enabling
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So when we're pouring money into China, we're not investing in banks or airports.
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We're literally investing in Chinese surveillance companies.
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Hangzhou Hikvision Digital Technology Company and Zhejiang Dahua Technology Company are major
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manufacturers of camera equipment that combines video surveillance with advanced computer
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technologies such as facial and gait recognition.
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Human Rights Watch had a report this year titled China's Algorithms of Repression identified
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Hikvision as the winner of a contract to supply China's integrated joint operations platform
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which undertakes mass surveillance in Xinjiang.
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Hikvision is partly owned by China Electronics Technology Group, a state-owned military contractor.
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If the Toronto Star is to be believed, Canada's government-run pension investor, the CPP, is
00:18:49.520
divesting from a U.S. company that, amongst its various operations, runs a detention facility
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for illegal immigrants, just like Canada has a detention facility for illegal immigrants,
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Even though I should point out that a great proportion of Americans working in border enforcement
00:19:17.260
But the Canada Pension Plan that lectures foreign companies about being more woke, they are pouring
00:19:23.640
millions of dollars into China, into companies there that spy on their own citizens, and if that
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globe story is to be believed, into companies owned by the Chinese military, we're investing
00:19:35.120
our Canada Pension Plan in the Chinese military.
00:19:38.440
I wonder if that quota queen flies over there to Urumqi, that's the big city in Xinjiang, and
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gives little lectures to the local Communist Party spies about how they need to be more women
00:19:57.060
Look, each to their own, I say, if someone wants to invest in China, let them, unless
00:20:04.000
I mean, some people like going on vacation to a prison island named Cuba.
00:20:08.780
I don't think that should be against the law, but don't force me to do it with my money is
00:20:13.060
Don't force me to divest from an American company that is enforcing the law, and has
00:20:18.280
been, by the way, under the Obama government too.
00:20:20.800
And don't force me to positively invest in Chinese companies that are doing human rights
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violations, including one that's owned by the Chinese military.
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Come to think of it, look, don't force me to invest at all.
00:20:31.000
At least not in a Ponzi scheme, a pyramid scheme, like the Canada Pension Plan.
00:20:35.060
But really, but really, are you surprised by any of this?
00:20:39.160
In 2019, anti-Americanism is more important to this government than our own economic success.
00:20:45.720
Sounds like they've been taking economics and investment lessons from Justin Trudeau.
00:21:07.520
Well, you might recall, about four years ago, one of the most exciting things to watch, at
00:21:11.400
least for me, was the Republican Party's wide-open presidential nomination race.
00:21:17.400
It was so colorful, and of course, Donald Trump stood out from the pack.
00:21:21.060
Well, now the Democrats are going through that.
00:21:23.900
By one count, 24 Democrats have thrown their hat in the ring.
00:21:30.120
But listen, Donald Trump, when he entered the race, he was in the low single digits.
00:21:36.820
I even see in the news that Tom Steyer, the hedge fund manager who made billions in oil,
00:21:43.040
gas, and coal, but has become an environmentalist lately, he's considering throwing his hat in
00:21:48.340
Joining us now via Skype from Chicago is our friend Joel Pollack, senior editor-at-large
00:21:56.100
You're in Chicago, which is even more democratic than your regular hangout of Los Angeles.
00:22:01.260
Well, you know, in Los Angeles, illegal aliens vote.
00:22:16.040
Is Tom Steyer, who made all his money in heavy industry before he saw the light, is he going
00:22:24.140
And if so, is that just another lark like Michael Bloomberg's on-again, off-again race?
00:22:30.560
I think it's a commentary on the weakness of the democratic field.
00:22:36.740
There's a general consensus that the candidates did not look like any single one of them could
00:22:44.260
And aside from that, there's also a consensus that they were too left-wing.
00:22:48.640
Now, Tom Steyer is not going to agree with the latter part.
00:22:52.020
He thinks they should have been more left-wing.
00:22:54.540
He thinks they should all have agreed to try to impeach the president.
00:22:57.460
But this idea that they're weak, I think, is also something that's pulling him into the
00:23:06.620
I don't think the candidates would agree, obviously.
00:23:09.680
And if there's one thing the field probably doesn't need, it's another left-wing Democrat
00:23:14.060
But anyway, he is supposedly telling people he's going to jump into the race.
00:23:22.160
He's just got to reach certain benchmarks to qualify for the debates.
00:23:26.080
And I think most of the spots are already taken.
00:23:29.120
So he'd have to get into some kind of a tie-breaking situation with people who are already qualified
00:23:34.440
There's some rumors Eric Swalwell might be dropping out at some point.
00:23:38.440
Maybe by the time people see this broadcast, he'll be gone.
00:23:42.320
But that could open up space for Steyer or others to enter the race or to move up.
00:23:50.300
This is a field that is running to the left as fast as it possibly can.
00:23:54.020
New fundraising data just shows that Elizabeth Warren has raised $19 million, which is the
00:23:59.020
second most after Pete Buttigieg, who's behind in the polls considerably, but he raised $24
00:24:07.820
And a lot of it is coming from that network that he has, the LGBTQ activists really tapping
00:24:12.880
into the donor base there, giving him a lot of cash to play with.
00:24:16.440
Maybe he can push those poll numbers up if he can get the word out, get some ads going,
00:24:26.900
Even Barack Obama, back in 2008, was smart enough to say, hey, Hillary Clinton, your health
00:24:34.340
You can't force people to buy health insurance.
00:24:38.380
Well, of course, Obama's own policy would eventually force people to buy health insurance.
00:24:41.900
But Obama knew at least to pitch himself to the center, even as he was intending to implement
00:24:50.140
The left basically thinks they can run as far to the left as necessary to win the nomination
00:24:58.700
I wonder if I can ask you some quick snappers about some of them.
00:25:04.600
Can you give me like a one-liner on each of these?
00:25:07.840
I mean, maybe there's not much more to know than a one-liner.
00:25:12.080
But Joe Biden, I mean, eight years of the Obama aura rubbing off on him.
00:25:18.560
But he's been plummeting in the polls, if I'm not mistaken.
00:25:24.340
It's funny how nobody's really even talking about him in terms of his future prospects.
00:25:31.280
People are expecting him to drop out of the top spot.
00:25:34.440
And that's because he's had an endless series of scandals from which he just can't recover.
00:25:40.660
And one thing after another, the problems with segregation and his comments about segregation, the problems with some of his other political views.
00:25:50.920
But look, Biden's having trouble speaking to a younger generation of American.
00:25:57.380
And the others are starting to take pot shots at him.
00:26:02.400
So there's a sense that the sharks have smelt blood and they're circling.
00:26:06.520
And he's having real trouble getting past his remarks.
00:26:09.400
He did apologize a few days ago after saying he wouldn't for his remarks praising segregationist Democrats, which, by the way, he made recently.
00:26:18.420
I mean, these aren't these aren't old remarks somebody dug up.
00:26:20.420
He's been praising these people as recently as a few weeks ago.
00:26:27.640
It's hard to see how he can build on his current support.
00:26:32.060
I mean, he, in some ways, was the true on the ground victor against Hillary Clinton in 2016.
00:26:39.340
She won, some would say, because of the superdelegates, the ex-officio delegates, and maybe even a little bit of vote tampering wouldn't shock me.
00:26:48.080
Bernie Sanders, does he have any momentum or energy left or has he been outflanked on the left, too?
00:27:00.220
And he's still up there in the top two or three.
00:27:03.340
But his fundraising numbers were surpassed by Elizabeth Warren in the last quarter.
00:27:11.380
He looked his age on stage, even though he's got a lot of energy.
00:27:20.080
He's got more energy than most people half his age.
00:27:22.560
But still, his ideas are basically sounding the same.
00:27:25.580
The other problem he has is he has shown that you can run on those ideas without embarrassing yourself.
00:27:30.640
And so a lot of Democrats are imitating his ideas, adopting his ideas.
00:27:35.380
When he proposed Medicare for all in 2016, that was a radical idea here in the United States.
00:27:40.400
Now it's basically the policy of almost every Democratic candidate.
00:27:43.760
So basically, his problem is he's become too successful at propagating his ideas.
00:27:51.680
And if people see a younger candidate with similar ideas, like Elizabeth Warren, who, by the way, is not that much younger.
00:28:07.600
And she looks like she is, if I can say this, 20 or 30 years younger than she actually is.
00:28:21.680
I think Donald Trump has so marked her on that whole false claim of being a status Indian.
00:28:32.620
I think that's the phrase in the United States, to get special privileges and hiring.
00:28:39.440
His nickname, Pocahontas, I found that so devastating.
00:28:45.520
And maybe liberals and Democrats are sympathetic to her because Trump is bullying her.
00:28:58.320
And the moment the race comes down to Elizabeth Warren versus another Democrat, if it comes to that, if it's down to two, that will be a weapon that finally comes out of the holster.
00:29:10.260
That will be an arrow that comes out of the queerer.
00:29:13.200
Right now, they're letting it sit there because they consider it a Republican attack.
00:29:17.220
But the moment that Elizabeth Warren is any kind of threat to win the nomination and there's another candidate who thinks they deserve the nomination, they're going to throw that at her.
00:29:25.780
And it's a legitimate attack because it is a form of exploitation, really.
00:29:32.380
I mean, this is the person who goes around campaigning, telling people that Wall Street's stealing their money and so on and so forth.
00:29:45.280
There was a whole scandal at Harvard at the time about how they had very few minority faculty members at the law school and very few tenured faculty members.
00:29:53.460
And I think there was one who was denied tenure and so left the law school and that left them with one or two African-Americans or something like that.
00:29:59.520
So I think she was already teaching or or I don't know the details of the story exactly.
00:30:05.660
I remember we actually broke some of the details.
00:30:07.960
I know bits and pieces of it, some very well and some not so well.
00:30:11.180
But essentially, the way I understand it is that she used her, quote unquote, Native American identity to advance her career, not so much in the sense of coming through the door as a Native American.
00:30:22.000
But once she was on the faculty stating that she was Native American in some way or once she was a candidate for the position, something like that.
00:30:30.240
What's interesting is how little she did with the Native American community.
00:30:34.240
I mean, Harvard actually has a very active Native American program.
00:30:37.020
And the story I broke back in 2012 when Breitbart and a few other sites were documenting her fraud, the story I broke was that she had never participated in a Native American program at Harvard.
00:30:50.080
If you are a Native American at Harvard, this is a fantastic program.
00:30:53.600
I'm not Native American and I participated in the Native American program.
00:30:56.840
I mean, I had friends at college who were deeply involved.
00:31:03.580
And Harvard was actually founded not just to educate the children of colonials, but also the children of Native Americans.
00:31:10.920
The idea was this would be a place to teach Native American kids.
00:31:18.240
And the idea that you would come there as a Native American and not explore any of that is just unbelievable to me.
00:31:23.940
Let me ask you one more question, and it's about Kamala Harris.
00:31:26.820
I mean, listen, I don't have the deep knowledge and experience you do, but and of course, you're a Californian and she's a senator from California.
00:31:51.300
I think she's a disaster, but I think she's the pick.
00:31:57.580
And I think she offers something for everybody in the Democratic Party.
00:32:00.960
I don't think she's a good presidential candidate.
00:32:06.180
She's got one big weakness, which is that she has never managed anything well.
00:32:11.580
She has never excelled at any of the jobs she has held.
00:32:14.760
And if you go back to her Senate campaign in 2015, 2016, she raised a lot of money for that U.S. Senate campaign and burned through a lot of it very quickly.
00:32:24.760
She's struggling even now to get her organization up and running in key places like Iowa.
00:32:29.580
Now, she's going to have the money to do it, and people like her.
00:32:36.860
You're asking her to run against someone like Donald Trump, who has made a billion – he's made himself a billionaire through his management skill, through his ability to manage a business.
00:32:47.160
And now he's been managing the government for four years.
00:32:50.320
You might not like his style, but he's doing it very well.
00:32:53.140
And with Harris, I think that's going to be the big stumbling block.
00:32:59.120
You can see that in her policies, which are all over the map.
00:33:02.340
She cannot decide from one day to the next whether she wants to take away private health insurance or not.
00:33:07.580
She gives one answer one day and one answer the next day, and she's done that twice.
00:33:15.540
She's basically not a person who manages things.
00:33:22.500
She is the voice of the liberal gentry establishment in San Francisco.
00:33:27.160
She is the voice, in a sense, of the identity politics wing of the Democratic Party.
00:33:33.000
She can combine those two aspects, which makes her a very potent threat to win the nomination.
00:33:38.100
She could win the presidency, too, because she will bring out some of the minority voters that might have sat home last time.
00:33:45.200
And they'll feel pulled, I think, in two directions, at least those who like Donald Trump.
00:33:50.040
And there's some evidence that he's gaining in the Hispanic and black communities.
00:33:57.320
And I think Donald Trump will be able to target her inexperience and actually her mismanagement to bring her down.
00:34:08.600
Well, I have a lot more questions about her, some things that I know about her that I'd love to discuss with you.
00:34:18.760
I know it looks like you're on a family visit there.
00:34:23.960
Working at the family homestead here in Chicago.
00:34:28.480
And we're grateful always for your time and wisdom.
00:34:32.180
We'll talk to you again soon about Harris because I think she's going to be the pick.
00:34:35.640
There'll be a lot of time to cover that ground.
00:34:39.480
Joel Pollack, senior editor-at-large at Breitbart.com.
00:34:59.100
I think it's not that surprising that an investment board looking to put a third of a billion dollars somewhere is investing in China.
00:35:08.740
And I don't think it's surprising that it's investing in Chinese military stuff because they're a very authoritarian regime.
00:35:15.700
I just think the fact that at the same time they're lecturing the rest of us to be more woke and more human rightsy and diverse while doing business with the most brutal dictatorship in the world.
00:35:26.720
I think that speaks to the hollowness of the whole politically correct movement, don't you?
00:35:33.940
If you feel free to email me at ezra at therebel.media.
00:35:36.820
Until tomorrow, on behalf of all of us here at Rebel World Headquarters, to you at home, keep fighting for freedom.