Action4Canada - October 31, 2025


Finances： You’re risking it all if you don’t act


Episode Stats

Length

2 minutes

Words per Minute

162.3973

Word Count

336

Sentence Count

32


Summary

In this episode, I sit down with my good friend and long-time friend, Bill McKinnon, to talk about the current financial crisis in Canada. We talk about what s going on with the Canadian dollar, and why we should be worried about it.


Transcript

00:00:00.000 What is a final word of encouragement that you would say to Canadians?
00:00:05.080 Anything else that you could recommend?
00:00:06.420 You know, the reality is our banks already collapsed.
00:00:09.520 They collapsed back in 2010, 2011, 2012.
00:00:12.660 They just covered it up and bailed them out with $220 billion of your money.
00:00:16.820 And it cost every man, woman, and child in the country the equivalent of $3,500 to keep BMO, Scotiabank, and CIBC alive.
00:00:24.340 I guess my message is, you know, you've got another chance here before this SHIT hits the fan again.
00:00:34.720 Because had we not collectively bailed them out, you would have lost all your money in those three institutions.
00:00:43.760 So here you've been given a reprieve.
00:00:46.780 You still have it in there, and there's still a chance to move it.
00:00:50.940 And I believe every day you don't, you're playing Russian roulette, because I believe these people are completely incompetent that are running things in Ottawa.
00:00:59.700 We could see a real currency crisis in Canada, just like in Venezuela, and just like in Argentina.
00:01:07.420 And Argentina is a country very similar to Canada.
00:01:11.460 It's got a lot of resources, wealth on the ground.
00:01:14.740 The population is about the same, mainly Western European immigrants, you know, from years gone by.
00:01:20.940 Tell me, tell me what's different.
00:01:23.740 Tell me what's different.
00:01:25.160 Run by socialists for years, we've been run by socialists for years.
00:01:28.960 Yeah.
00:01:29.300 The only reason we haven't collapsed, I think, is because we're joined at the hip to this empire to the south.
00:01:34.840 And we've been lucky to be joined at the hip to this empire to the south.
00:01:39.600 And they've protected us, and we've been, you know, a big trading partner.
00:01:43.340 But if, man, if we screw this up, look out for your loonies.
00:01:47.140 They're going, they're going to the floor.
00:01:50.940 I think that's for you guys to inter är.
00:01:53.440 Thank you.
00:01:54.740 Thank you.
00:01:55.080 Thank you.
00:01:55.540 Thank you.
00:01:56.540 Thank you.
00:01:56.620 Thank you.
00:01:57.080 Thank you.
00:01:59.660 You robust and data assurance will not be incredible.
00:02:03.680 Okay.