John Bolton - Canada - The End (at your expense)

00:00:00.000 Hi, it's John and welcome to the channel. It is 3.41 a.m. Thursday, October the 22nd.

00:00:09.300 I hope you're having a great Thursday. Thank you so much for being here. As usual, I will

00:00:13.720 try to keep this one short today, but I want to start off the video today by asking a favor

00:00:19.280 of you, or at least some of you. In the comments below, just type in the word stop. Now you

00:00:26.960 could do that in uppercase letters if you like. You can add some exclamation points. You can get

00:00:32.180 those little emojis with stop signs and put a number of them after stop because I need you to

00:00:36.680 stop me from doing something. And that would be waking up at 1.30, 2 in the morning, opening up

00:00:41.800 my phone and reading the news because it's so infuriating. You know it's infuriating. I know

00:00:46.180 it's infuriating. But I guess I get my inspiration from my videos from opening up my phone in the

00:00:52.000 morning. Now, today's story has a terrible ending, so stay to the end because that's the most

00:00:58.400 distressing part of this whole story. What am I talking about today? I'm talking about this. This

00:01:03.560 is inspiring the video today. Remember, stop. Comments below. Kearney Ford unveiled $9 billion

00:01:10.120 plan to support industries hit by terrafort. Now, let's translate this headline. What does this mean?

00:01:16.900 Well, this is the investment that Mark Carney talks about. Remember, spend less, invest more.

00:01:23.840 I have a simple rule. Spend less, invest more. It's the video clip that just keeps on giving.

00:01:29.660 The investment part is spending. And my God, the list of things that the federal government is

00:01:34.580 spending your money on gets longer every day. Just a quick little bit of this for you, okay?

00:01:39.740 Just a little bit. And I'm going to show you a short clip of what he had to say yesterday.

00:01:43.140 So, please forgive me. It's just going to be a short clip. So, just the first paragraph. The

00:01:48.880 federal and Ontario governments are putting billions of dollars on the line to help bolster

00:01:53.760 the province's key sectors. So, what does this really mean? Let's translate this part right here.

00:01:59.080 This means they are bailing out key sectors. This is a bailout. This is an investment.

00:02:05.620 The key sectors are steel, critical minerals, and auto manufacturing as they continue to manage

00:02:10.180 the fallout of terrorists from the United States. If Mark Carney could nail down a trade deal with

00:02:15.420 the United States of America, it wouldn't be necessary to spend all of this money.

00:02:20.100 So let's look at a little bit of what he has to say here. And again, it's just going to be a short

00:02:24.120 clip. I'm actually editing down a clip that's only two minutes long, but all of the words are in

00:02:29.080 there, the buzzwords. I'm sure that Carney and his speechwriters, they probably have an old-fashioned

00:02:34.140 thesaurus. Do you remember when we used to have those in school? Those of you who have a little

00:02:38.380 bit of gray hair. You'd open up this book to look for synonyms and antonyms and stuff like that.

00:02:43.780 Well, Carney and his crew, they go for all the real descriptive words. And of course, he always

00:02:48.780 brings out special ones that he's used over and over again, which we're going to talk about in

00:02:52.640 just a moment. But here's Mark Carney announcing all this spending, all this investing yesterday.

00:02:59.080 Premier Ford and I are proud to announce a new action plan, a $9 billion partnership that

00:03:05.400 protects jobs today and makes bold investments to build a stronger, more resilient, more independent

00:03:11.380 Canada. A billion dollars to the ring of fire, more than five billion dollars to our steel mills,

00:03:17.380 and two and a half billion dollars to the assembly line. It's time to be our own best customer.

00:03:23.180 Well, there you go. Mark Carney's actually right about something for a change.

00:03:27.420 Now, before you start throwing stuff at your screen, he is right about this.

00:03:30.740 We are our own best customer. You know, I've got a long montage of him saying that over and over

00:03:36.520 and over again, going back to the election. I'm going to spare you having to listen to it again,

00:03:41.480 but we are our own best customer because we are our only customer. Nobody wants to invest in this

00:03:48.560 country anymore. We are uninvestable because of Carney and the liberals. This is what it's come

00:03:54.040 to. How much money are we spending? There's a number I'm going to throw at you in just a moment.

00:03:57.900 get the vomit bags ready. So here's a list of some of the things we're spending money on,

00:04:02.920 you're spending money on. I've added a few numbers here of the ones I could remember.

00:04:07.780 Let's just go through this quickly. The Ring of Fire, Steel Automotive, that was yesterday,

00:04:11.840 Build Canada Homes, up to $43 billion on an oil pipeline. Your money, $5 billion for ports,

00:04:18.260 money for minerals, nuclear, LNG, hydroelectric dams, wind power, electricity transmission,

00:04:23.720 Carbon capture, not sure how much exactly, but up to $30 billion and rising for that.

00:04:28.600 Battery manufacturing, electric vehicles, mining roads, railways, high-speed rail,

00:04:34.120 up to $115 billion now, probably going to go above that.

00:04:37.460 Highways, trade corridors, money for home retrofits on heat pumps.

00:04:41.380 Where's that money going to? Brookfield?

00:04:43.920 Money for water and sewer infrastructure.

00:04:46.280 Money for industrial subsidies.

00:04:48.120 Canada's strong funds at $25 billion.

00:04:50.540 We're not very strong, ladies and gentlemen.

00:04:52.260 money for the Canada Infrastructure Bank, the Canada Growth Fund, and of course money for tariff

00:04:57.340 hit businesses, which was this announcement yesterday. Bailouts because Carney can't get

00:05:02.400 a trade deal. Why doesn't he pick up the phone and make a deal? We could go into that. There's

00:05:06.880 reasons, but we'll leave it for right now. So let's just take a look at what's going on here.

00:05:10.940 Got this article right here. Budget lands two days after the U.S. midterms as the watchdog says

00:05:18.000 Ottawa's books hide its borrowing. Sorry, let me bring myself up on the screen here. There we go.

00:05:23.460 I'm going to read a bit of this to you. It's not very long. I'll put a link in the description.

00:05:27.920 Finance Minister Francois-Philippe Champagne announced in question period that the federal

00:05:31.460 budget will be tabled on November 5th, two days after the U.S. midterm elections.

00:05:36.320 The same morning, Parliamentary Budget Officer Annette Ryan warned that federal debt is growing

00:05:41.500 twice as fast as deficits. That's because loans to crown corporations are booked as assets and

00:05:47.960 military purchases or expense slowly over time. Two sets of books, spend less, invest more, right?

00:05:54.040 The PBO now sees federal debt rising to $1.67 trillion in 2030, 2031 from $1.3 trillion right

00:06:04.800 now. It points to Build Canada Homes, the Canada Strong Fund, and the proposed defense investment

00:06:10.620 crown as examples of the crown corporation model. Now hold on to your socks, ladies and gentlemen.

00:06:15.920 The PBO's economic and fiscal outlook projects cumulative deficits of $333.3 billion over the

00:06:26.380 next five years. Public debt charges, $59.3 billion now, up to $83 billion in the next few

00:06:34.380 years. This is insane. Now listen to the end paragraph here. So here's the question nobody

00:06:39.580 in Ottawa wants to answer. Why? Why book hundreds of billions in borrowing as assets? Why spread

00:06:46.520 military purchases out so they barely show up on the books? Why does the government's own budget

00:06:51.360 watchdog have to tell you the real numbers? If the finances were fine, they wouldn't need to hide

00:06:56.700 them. And yes, they keep hiding the numbers. Maybe we should ask ourselves why. Maybe we should ask

00:07:02.960 ourselves why. Now, here's the terrible part of the story. Nobody's asking this. Nobody cares.

00:07:08.500 There's so many people in this country right now that don't even care anymore

00:07:11.880 because orange man bad.

00:07:13.820 They don't care.

00:07:15.580 We're in a terrible situation here, ladies and gentlemen.

00:07:18.340 A terrible situation in this country.

00:07:21.280 Now, I'm going to go back to a tweet that came out on October 11th,

00:07:24.520 which I found rather funny, and I brought it up today

00:07:26.680 because I think this is something that maybe we should consider.

00:07:30.280 It's kind of funny.

00:07:32.360 It's not really serious.

00:07:34.460 But let's take a look at this.

00:07:35.580 Any chance Russia can invade Canada so Canada can start sending money to Canada?

00:07:46.460 We'll leave it at that.

John Bolton - October 22, 2026

Canada - The End (at your expense)

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