Juno News - How well do we know Mark Carney？

00:00:00.000 Hi, I'm Candice Malcolm, and welcome to The Candice Malcolm Show.

00:00:10.620 We have a very special episode for you today.

00:00:13.700 We are going to do a deep dive on Canada's next unelected WEF-selected Prime Minister,

00:00:21.620 Mark Carney.

00:00:23.040 He is, I think it's in the cards.

00:00:24.480 I think that he's a shoo-in for leader of the Liberal Party,

00:00:27.080 which means that he will be installed as our prime minister, unelected, not voted by you or me

00:00:31.940 or the people, but instead selected by backroom dealers in the Liberal Party. Now, to help me

00:00:37.440 break it all down and go through his past, and I really try to understand who this man is,

00:00:43.580 I'm pleased to be joined today by Cosmin Zherja. Cosmin is a senior researcher and journalist

00:00:49.040 over at Trenorth. He does great work. So first of all, Cosmin, thank you so much for joining us.

00:00:54.360 Thanks, Candace. Happy to be here.

00:00:56.380 So let's talk about Mark Carney because he's sort of come out of nowhere. I mean, a lot of people know who he is. He has a familiar face, familiar name. He's kind of been kicking around the scene. And now suddenly he paints himself as an outsider, even though, Cosman, we know that he's been advising the liberals for years. He's been helping Justin Trudeau throughout the entire post-COVID recovery is going back as early as 2020. He's been an advisor.

00:01:22.620 And before that, he was the governor of the Bank of England.

00:01:25.100 And before that, he was the governor of the Bank of Canada.

00:01:27.880 So why don't you tell me a little bit about what you have been uncovering over there at True North?

00:01:32.760 Sure, you're absolutely right.

00:01:34.560 Canadians have a sort of surface level understanding of who Mark Carney is.

00:01:40.840 For a while, he's been this neutral figure as a public servant, right?

00:01:44.260 Governor of Bank of Canada, they're supposed to be neutral at arm's length to some degree from the government.

00:01:49.580 But now he's vying for a political position. And we had the idea of using his own words as printed in his 2021 book called Values to hold him to account for some of the beliefs he states there.

00:02:05.780 Now, it's a 600-page book, and it's virtually a manifesto of Carney's ideas about how the economy should work, how climate policies should work, his ideas about the future of money and currency, and he lays it all out.

00:02:21.400 It's in plain language. He states exactly what he thinks.

00:02:25.580 So we wanted to use this as a launch pad to investigate his background, his various positions, and to ask him about these beliefs that he states in this book so openly compared to some of the things he's saying now, like the carbon tax, for example.

00:02:42.820 And that was our first part of this series. We're hoping to do at least three or four parts of this series investigating various issues that Mark Carney has discussed in length.

00:02:54.000 Okay, so here is what the book looks like.

00:02:56.140 It's called Values, Building a Better World for All.

00:02:59.860 Like you said, it was published in 2021.

00:03:03.560 So some of the things that kind of jump out,

00:03:06.560 I mean, we know that he's running for prime minister now.

00:03:09.040 And one of the things that he's trying to do

00:03:10.840 is move away from his record on carbon tax,

00:03:13.840 even though he has been a huge advocate for carbon tax,

00:03:17.040 so much so that he talks about how politicians

00:03:20.400 need to be like pressured into doing the right thing.

00:03:22.340 And even if you sit, if you like you can't flip flop, you have to maintain a commitment to it.

00:03:27.480 So why don't you help us understand, like, what does this book Values say about carbon taxes?

00:03:32.380 Sure. So he specifically says that the carbon pricing scheme, carbon taxes, in other words, are the cornerstone of any climate policy.

00:03:45.180 And to me, cornerstone means that everything else is built around the carbon tax.

00:03:51.200 He calls it a central piece of dealing with climate change and entering this net zero future that, you know, global finance people like to talk about, that World Economic Forum types like to talk about.

00:04:06.860 And he points specifically to the Canadian federal pricing model first introduced by Prime Minister Justin Trudeau, I think, in 2017 with the Canada Carbon Pricing Act, if I recall that correctly.

00:04:20.960 And he essentially says that this is the model that the rest of the world should follow.

00:04:26.540 He calls it insanely popular in Canada. This is in 2021, at a time when sentiments for the carbon tax weren't exactly overwhelmingly popular. By this time, people have turned against the carbon tax.

00:04:41.840 And if you recall back, even before the Freedom Convoy, there was the United We Roll Convoy that came to protest the carbon tax. I think it was around 2018 in Ottawa and to promote pro-energy policies.

00:04:56.300 So I don't know where he gets this idea that the carbon tax was immensely popular.

00:05:01.700 But like I mentioned, he calls it the model and he says that it was able to navigate the

00:05:06.760 complexities of Canadian federalism, which is another falsehood, because when we think

00:05:12.540 about the carbon tax, we also have to think about all of the challenges that have come

00:05:16.340 from Alberta, from Saskatchewan.

00:05:18.300 It hasn't navigated federalism.

00:05:20.380 It has actually promoted regionalism.

00:05:22.700 So we went to Mark Carney with some questions about this.

00:05:25.760 And of course, his campaign has refused to answer.

00:05:29.640 Well, but we have heard him talk recently about carbon taxes.

00:05:33.180 So let's kind of break down what Mark Carney has said specifically about carbon taxes.

00:05:39.680 So I think we have some videos here.

00:05:41.420 So let's first start with Mark Carney saying that the problem with carbon taxes is that they're actually too low.

00:05:50.660 Brian Lilly shared this video.

00:05:53.160 Here is that clip.

00:05:54.940 Now, so far, carbon prices have been applied sparingly.

00:05:58.640 They've been set far too low in the single digits on average globally, well short of the estimated $8,200 a ton needed by the end of this decade to keep us on track to net zero.

00:06:12.840 So the problem is that they're too low.

00:06:14.720 But then here's what he had to say.

00:06:16.200 This is when he launched his leadership campaign in Edmonton a few weeks ago.

00:06:20.940 he was specifically asked where he stands on the carbon tax. He gave a very sort of confused

00:06:26.420 answer. It wasn't very clear. And by the end, he was basically just like apologizing for the fact

00:06:31.860 that he couldn't answer succinctly by saying, you know, I'm not like Pierre Polyev who can fit my

00:06:37.420 slogan on a bumper sticker. So let's play that clip. You need a comprehensive approach.

00:06:43.380 You need a comprehensive plan, not just a soundbite that fits on Elector. And that, again,

00:06:49.760 is the difference between me and some others. I don't do a little leak, I don't do a soundbite,

00:06:55.920 do a comprehensive plan that addresses all the aspects, and you'll see that in the coming weeks.

00:07:00.560 So we've yet to see, you know, it's the coming weeks, we've yet to see exactly what his position

00:07:05.680 on carbon taxes will be, but I think we can assume that they are sort of walking away from it. I

00:07:10.640 think the Liberals understand how immensely unpopular the carbon tax has been, how difficult

00:07:15.600 lives on Canadians with the crushing standard of living and the costs because of inflation and the

00:07:21.160 carbon tax, that it's just not very popular. And it's sort of ironic because Mark Carney, as you

00:07:25.740 point out, Cosman, in your article, that he once said the following, he said, backtracking on

00:07:31.300 ambitious climate agendas is more difficult if politicians share the same goals and expect to be

00:07:37.880 held accountable. So he's saying that he does hold these same values, that we need to have

00:07:42.720 carbon taxes in order to save the planet. Yet here he is sort of backtracking on his own

00:07:48.760 agenda. What do you what do you make of that? No, you're absolutely right. He says one thing

00:07:54.960 in the past and now he's doing the exact opposite of what he wrote down. I mean, this is a guy who

00:08:00.300 has championed carbon pricing models at every level, actually at the highest level, at the

00:08:06.580 global level. So in 2020, he launches the Global Task Force for Scaling Voluntary Carbon Markets.

00:08:14.140 At 2021, he co-chaired the Glasgow Financial Alliance, which brought all these banks into

00:08:19.820 committing financing only to sustainable projects, etc. That was at COP26. He was the advisor to

00:08:28.420 UK Prime Minister Boris Johnson for COP26. He's the UN Special Envoy for Climate Action. I could

00:08:35.480 go on and on. This guy promoted carbon taxes across the world. That's how I start the article.

00:08:44.420 Carney tried to convince the world to adopt a carbon tax. Here he is in Canada stepping away

00:08:51.340 from it, but I suspect in many ways he's just trying to disarm the conservative opposition

00:08:56.440 because he's looking ahead. In his mind, I suspect he already thinks he's going to become

00:09:01.740 prime minister, and he's planning ahead, trying to make certain chess moves to counter Pierre

00:09:08.120 Polyev's wish to have a carbon tax election. But the truth is the carbon tax is still here. We're

00:09:14.120 paying it at the pump. Canadians keep paying it. You're paying it on your heating bills.

00:09:19.080 It shows up in anything that's transported via gas-powered vehicles, trucks. So the carbon tax

00:09:27.240 is very much a real thing. If an election were to happen, it will definitely be a ticket issue.

00:09:32.880 So I suspect there's an element of smoke and mirrors and trying to step away and to confuse

00:09:38.340 people. But the plan he's proposed, this incentives model, doesn't clear any confusion. It doesn't

00:09:44.600 make sense. And it doesn't provide any real solid answers about what he plans on doing if he's

00:09:49.660 prime minister. Well, you mentioned the banks there. So I want to point to this story that

00:09:54.720 came out in January about how many of the banks in Canada are now moving away from Mark Carney's

00:10:01.400 climate initiatives. See as the CBC, it says four of Canada's big banks leave Mark Carney-led

00:10:07.400 climate initiative. Banks say that they can go it alone to help the push for achieving net zero

00:10:13.820 emissions. So basically, Mark Carney led up a scheme through the United Nations, something

00:10:20.420 called Net Zero Banking Alliance that aims to accelerate climate action among financial

00:10:27.920 institutions. The banks, including BMO, National Bank, TD, and CIBC all confirm that they were no

00:10:34.700 longer members. Withdrawals from the alliance followed departure from six large U.S. banks

00:10:40.800 and this was at the time ahead of the inauguration of Donald Trump. It seems like there's been a bit

00:10:47.120 of a cultural shift, Cosmin, in the last, I don't know, three months, where people are just sort of

00:10:52.400 done with all the woke stuff, like all of the ESG, UN, World Health Organization, WEF, everything,

00:11:02.180 like we're done with all of it. And I think it's becoming much more popular, even for in the

00:11:06.660 corporate world, which is very restrained, very cautious and careful. They're saying like, yeah,

00:11:13.240 no, we don't want to do this stuff anymore. And the idea that you can run a bank, you know,

00:11:18.520 that the purpose of a bank is to be good stewards of money, right? And to give loans to people when

00:11:24.200 they need it and to hold people's money. Like the purpose of a bank isn't to try to meddle in left

00:11:29.480 wing politics. And yet that's what we've seen for previous five to 10 years. And now things are

00:11:35.080 shifting away, abandoning this whole concept that Mark Carney tries to push to net zero banking

00:11:41.640 alliance with total nonsense. What do you think that this will do for sort of Mark Carney's

00:11:46.600 reputation? Like he's really built his entire political career on being this like really

00:11:53.000 important backroom banker who builds these big, important green policies. And yet at the same

00:11:58.560 time, the culture shifting away from it, banks are openly leaving them. Where do you think that

00:12:03.040 leaves Mark Carney? Well, it leaves him in a difficult position, but if it weren't for the

00:12:09.160 legacy media, because the legacy media refuses to hold them accountable on any of this stuff.

00:12:14.480 They just take what he says word by word and reports it as if he's a new person. He's a changed

00:12:20.040 person. You know, we saw the Jon Stewart interview where he claims he's a political outsider,

00:12:25.980 whereas, you know, he's he's advised the prime minister. He's advised the prime minister in the

00:12:30.140 UK. He's he's definitely the most insider type of person. And you're absolutely right. There has

00:12:36.860 been a growing awareness and i think social media has a lot to do it definitely elon musk take over

00:12:43.200 of x there's a growing awareness of the double standards that these elites who buy into this

00:12:50.680 net zero agenda you know you call it the great reset that was a big thing during covid these

00:12:56.640 elites who want to adopt world economic forum ideas and and and mold national policies based

00:13:05.080 on these, you know, think tank, unelected sort of things. And people are aware of it. They see

00:13:11.720 the double standards. They see them flying their private jets and then preaching about saving the

00:13:17.000 climate. And they're sick of it. And I think, thankfully, at least you see it in the private

00:13:22.220 sector and of things. Companies are reacting to that. They're seeing the consumer shift and

00:13:28.140 they're starting to reevaluate whether this is actually, first of all, the way to tackle things

00:13:33.520 like climate change uh with carbon taxes all these sort of virtue signaling uh approaches

00:13:41.200 and secondly they are starting to believe in a sense they're starting to adopt more to the

00:13:49.600 consumer mindset as it shifts well you mentioned this uh clip and i have it so i want to show it

00:13:55.280 this is mark carney appearing on the daily show this was uh back on january 14th so he was still

00:14:00.960 just teasing the idea that he might run but here you can see that he calls himself an outsider

00:14:07.040 wild hypothetical let's say the candidate wasn't part of the government let's say the candidate

00:14:13.680 did have a lot of economic experience let's say the candidate did deal with crisis let's say the

00:14:19.280 candidate had a plan to deal with the challenges in the here and now you sneaky you're running as

00:14:24.960 an outsider i am an outsider i love how john stewart calls him sneaky there because it's just

00:14:32.800 like it's just perfect uh we have a bit more information about mark carney with regards to

00:14:38.960 the world economic forum uh because you mentioned that as well and it wasn't too long ago that he

00:14:43.520 appeared on a podcast with an mp a toronto mp for the liberal party and they were just kind of

00:14:49.440 casually chatting about WEF and basically saying that it was a great, wonderful thing

00:14:54.800 that Mark Carney was involved in it. And they don't understand why the conservatives don't like

00:14:59.720 it. Let's play that clip. So one of the knocks on me that the opposition makes or part of the

00:15:09.280 opposition. You're a WEF global elite. Exactly. I'm a WEF global elite. John Barrett is too,

00:15:14.120 But I don't know. Can't be a coach here. That never comes up.

00:15:20.160 He's banned his ministers from going to World Economic Forum events to cater to conspiracies.

00:15:25.040 And you've been a board member for over a decade.

00:15:27.120 Yeah. I've rolled off the board, but that's absolutely right.

00:15:30.300 I had a board member there and I used to go there with Prime Minister Stephen Harper when he was there and et cetera.

00:15:36.560 So I think that the culture has shifted so much again since this interview,

00:15:41.120 because before the liberals used to just brush off anything about WEF as just a conspiracy theory.

00:15:46.800 Like, oh, Pierre Paglia believes these crazy conspiracies, the conservatives are scared of it,

00:15:50.880 whereas you, Mark Carney, amazing Mark Carney, you spent a decade there and you're the leader of it

00:15:56.000 and way to go. And like the reality, I think Danielle Smith said it so perfectly when there

00:16:00.480 was a legacy media reporter hounding her like, what do you have against the WEF? You haven't

00:16:05.280 even explained it. And she's like, I don't like an organization where billionaires brag about

00:16:10.000 controlling politicians like like that's that's not an organization that i want to be a part of

00:16:15.280 i think danielle put it so perfectly but the reality is that yeah like you have klaus schwab

00:16:20.720 out there saying that he penetrated cabinets and then you have people like justin trudeau and

00:16:25.120 christia freeland acting not on behalf of the people as you can tell by the fact we don't have

00:16:29.120 an election and we're about to have a selected prime minister installed and i just think that

00:16:34.000 when i hear them talking about it laughing about it and brushing it off like it's no big deal

00:16:37.840 it's like they've been listening too much to the legacy media and to the you know the people who

00:16:43.520 believe the exact same narrow thing that they do and canadians are not on the same side i i wonder

00:16:49.360 like i think these comments have already aged really badly but i think it'll get even worse

00:16:54.080 i want to show um andrew andrew lawton who is a journalist for true north he's now going to be a

00:17:00.000 conservative candidate in the next federal election he he was always our guy that would

00:17:04.400 would go to Davos. He was great at it. There's wonderful videos of him interviewing Mark Carney,

00:17:10.540 or at least trying to on the side of the road. But Andrew Lawton tweeted this last September,

00:17:16.000 2024, saying this. He said, Mark Carney is a mainstay at the West Davos retreats. I bumped

00:17:22.840 into him when I've been reporting on the Davos elites as a journalist. Last year, he was on my

00:17:28.860 flight home from Zurich to Toronto. He was in business class. His wife was in economy. Take

00:17:35.140 from that what you will. Cosmin, I know you are happily married. Your better half, Lindsay

00:17:40.940 Shepard, used to work for True North, and she's moved on now working in Victoria politics. Would 0.98

00:17:47.280 you ever take a flight and sit in business class and make your wife sit back in economy? 1.00

00:17:52.340 Well, I would do the exact opposite and swap places instead. But it's funny, you mentioned World Economic Forum. When we were there last year, we saw Mark Carney. And you're absolutely right. It is a bunch of elites trying to make decisions for politicians.

00:18:08.280 It was last year at the World Economic Forum that Chrystia Freeland talked about meeting with this financier to discuss investment in Canada.

00:18:17.700 That is lobbying, but it was unregistered lobbying, and she did it, and she openly bragged about it.

00:18:23.700 So absolutely, Mark Carney was a mainstay at these events.

00:18:27.360 I think he went every single year while he was involved in that.

00:18:30.980 Yeah, and again, this is another clip that came from his time at WAP.

00:18:36.720 This comments were made in 2023.

00:18:38.520 So strange, he identifies himself as a European.

00:18:41.860 Like, I don't really know what that means.

00:18:44.220 Like, does he not consider himself Canadian

00:18:45.980 or is he just talking purely in racial terms?

00:18:48.980 Strange clip for someone who wants to be prime minister

00:18:51.320 of Canada, let's play that clip.

00:18:53.320 You look like you were about to.

00:18:55.080 Yeah, I was a tell.

00:18:55.820 As a European, you know, as a.

00:18:57.860 As a European, I am a European actually.

00:18:59.580 Oh, you are, oh, oh.

00:19:00.580 Yeah, yeah, Irish citizen, yeah.

00:19:01.680 So there you go.

00:19:02.460 Well, speaking as a European, I like to say falling. 1.00

00:19:07.640 Whoops. Do you think he regrets saying that now? I know that he has multiple passports, right?

00:19:13.100 He's also a citizen of the UK. So maybe that's what he's talking about. He considers himself European.

00:19:21.840 Yeah. And that was a huge deal. If you recall, when Andrew Scheer was conservative leader,

00:19:26.200 the media were hounding him practically daily to resign his U.S. citizenship.

00:19:33.220 And yet, here's Mark Carney, who describes himself as a European holding a second citizenship. I am not sure if he's a U.S. citizen as well. He might be. But nobody's asking this question. And it just goes to show that double standard. And Mark Carney, to describe himself as European, I think he would regret it. Because now, with the tariff stuff, he's trying to, you know, bring up this whole Team Canada approach.

00:20:00.020 we're all proud to be canadians we're different than the americans but here we have him on record

00:20:05.140 calling himself a european first before a canadian well and it's so much worse even than andrew sheer

00:20:11.620 who andrew sheer was born with an american parent so he got an american citizenship passed it down

00:20:18.660 to him and so it wasn't something that he went out and tried to get uh mark harney i'm going to read

00:20:24.820 read his bio, but this is part of his bio, is that he's a citizen of three countries. So he was born

00:20:30.000 a Canadian. He obtained Irish citizenship in the 1980s and then became a British citizen in 2018

00:20:37.920 when he became the governor of the Bank of Canada. So these are decisions that he made

00:20:42.180 as an adult, not like Andrew Scheer, who was born with that and, you know, of no control to himself.

00:20:48.940 I remember when Thomas Mulcair was running for prime minister as the NDP and we found out that

00:20:54.200 he was a citizen of France. And when that came out, he promised that if he became prime minister,

00:21:02.340 he would renounce his French citizenship. So you had Andrew Scheer saying, I will renounce my

00:21:06.960 American citizenship. And he was taking steps at the time to do that. You had Thomas Mulcair

00:21:11.100 promising that. And I don't think that Mark Carney has even acknowledged it. And it's not

00:21:16.820 like he's just running for prime minister, Cosmin. He will be prime minister. He's just running for

00:21:21.980 liberal leadership which he'll win and then he'll become prime minister so it's not even like well

00:21:27.340 if i win the general election i'll get rid of this it's like he's already going to do that i'm going

00:21:31.660 to read a bit more of his bio because interesting uh person and character so he was born all the

00:21:37.180 way up in fort smith northwest territories and apparently grew up in edmonton his father was a

00:21:43.340 candidate for the liberals in um in edmonton when he was growing up he earned a bachelor's degree

00:21:49.340 from Harvard University in 1988. He also received his Master's and a Doctorate in Economics from

00:21:54.540 the University of Oxford. He became a Managing Director and Investment Banker at Goldman Sachs.

00:22:00.380 He served as the Deputy Governor of the Bank of Canada from 2000 to 2004, and then eventually he

00:22:06.220 was promoted to the Bank of Canada Governor from 2008 to 2013. He likes to talk a lot about how he

00:22:13.020 worked with Stephen Harper and Finance Minister Jim Flaherty, former Prime Minister Stephen Harper,

00:22:17.900 former finance minister, the late Jim Flaherty, in sort of steering Canada away from the economic

00:22:23.500 crisis in 2008, the financial crisis. And Canada's banks did, you know, incredibly well relative to

00:22:29.740 the rest of the world, especially the Americans. After that experience, he moved on to become the

00:22:33.900 head of the Bank of England from 2013 to 2020. So it's interesting that he became a citizen in 2018,

00:22:40.860 Cosman, but he started that role in 2013. So it's not like it was required for him to do that. It's

00:22:46.060 It's not like they said, look, you can come be the bank, the governor of the bank, but

00:22:49.660 you have to become a British citizen first.

00:22:51.500 It's like he became the British citizen halfway through.

00:22:55.380 After that role, he became the chair and head of impact investing at Brookfield Asset Management.

00:23:01.320 He became the chair of the new board of directors of Bloomberg.

00:23:05.360 He served as a special envoy for climate change and finance to the United Nations, became

00:23:10.440 the co-chair of the Glasgow Financial Alliance for Net Zero.

00:23:15.800 He became a foundation board member for the World Economic Forum.

00:23:19.200 And then, like I mentioned earlier, he became a special advisor to Prime Minister Justin Trudeau on Canada's COVID response back in 2020.

00:23:27.580 And then it seems that he continued advising liberal policy from that point.

00:23:33.100 It became public again that he was a special advisor and chair of the Liberal Task Force on Economic Growth just in 2024.

00:23:41.060 So, you know, again, this guy's the ultimate insider.

00:23:43.480 Warren Kinsella, who's a liberal insider as well, he posted the following on X, talking about Mark

00:23:50.500 Carney's sort of insider status. So if we can show that tweet, he says, Mark Carney is the team

00:23:56.320 Trudeau candidate. His campaign is being run by Gerald Butts, Katie Telford, etc., the ones who

00:24:03.620 had to resign due to scandal or have been implicated in multiple scandals, the ones who

00:24:08.060 reduced the Liberal Party to 16%. Carney equals Trudeau. And Warren Kinsella is someone who would

00:24:14.960 know because he's also a liberal insider. So what's your take on all of that, Cosman?

00:24:20.720 Yeah, if you just compare the policies Trudeau has promoted to the things that Mark Carney

00:24:26.720 promotes in his book Values, it's almost a one-to-one comparison. In that book,

00:24:31.940 While discussing climate policies, he talks about the need to phase out gas powered vehicles. He talks about introducing certain zoning rules for, you know, climate and less carbon intensive things in building housing and real estate.

00:24:50.560 He talks about putting caps on oil and gas. These are all policies that Prime Minister Justin Trudeau has attempted to introduce or has introduced during his time. So when you look at this, when you look at his own words, it just seems that if Carney, carbon tax Carney, as the conservatives call him, if he were to become Prime Minister, it would just be a fast forward on these policies.

00:25:17.340 It would be not only Trudeau 2.0, but it would be Trudeau 2x or 10x in a sense that he's going to multiply what he was doing and introduce it quicker and with more punch.

00:25:31.280 So one of the things I'm noticing, Cosman, and tell me if you find this trend as well, is that basically the liberals at this point are completely abandoning all of their policies.

00:25:42.020 And it seems to me that they're trying to copy the conservatives.

00:25:45.020 Like whatever the conservatives are saying, that's kind of the position that the liberals are taking.

00:25:49.180 You saw this after the tariff threat where Pierre Polyev really started talking about reducing barriers for interprovincial trade.

00:25:56.040 And you had the one of the ministers, Anita Anand.

00:25:59.360 I think she's now the minister of, oh, I don't know, something.

00:26:03.580 She used to be the foreign, the defense minister and she moved on. 0.99

00:26:07.820 Anyway, she came out saying, yes, we need to eliminate these interpredential trade barriers.

00:26:12.220 One of the interesting things I saw was last week we had Dominic LeBlanc.

00:26:17.840 So this is this is Canada's new finance minister.

00:26:21.600 After Chrystia Freeland, you know, was thrown under the bus and then threw Justin Trudeau under the bus.

00:26:27.580 This individual came in to replace her.

00:26:30.300 And Dominic LeBlanc came out and said last Friday that Canada should spend less and that we should review the size of government.

00:26:39.240 So these liberals are sounding an awful lot like conservatives.

00:26:42.880 I think we have a clip of Dominic LeBlanc saying basically, I don't know, that the liberal spending and the entire 10 years of Justin Trudeau in office was kind of a mistake.

00:26:55.040 And we need to start again and actually become fiscally responsible.

00:26:58.420 Let's play that clip.

00:27:00.300 One of the tensions, of course, in any spring budget would be the fact that spending would be

00:27:05.960 looked for and maybe even required in the event of tariffs. But we also need some fiscal prudence.

00:27:11.000 A Canadian dollar demands it at the very least. If we have a massive deficit, it will weaken us

00:27:16.220 further in other ways. How do you marry those two things? How do you match them up? 0.96

00:27:20.180 Accept that premise as real, the premise you just said, that the continued significant spending in

00:27:26.120 a bunch of areas has to be ratcheted down. My own view is things as simple as the growth of

00:27:31.900 government need to be looked at. So again, sounds sort of like a conservative. This is sort of

00:27:37.900 frustrating, I think, for many conservatives. It's like liberals go into office. They spend

00:27:42.200 an entirely ridiculous amount of money. They grow the size of government. They somehow manage to 0.65

00:27:46.660 give patronage packages to all of their friends who work in various industries. And then right at

00:27:53.440 very end when they're about to get kicked out of office they're like yeah someone needs to come and

00:27:56.560 like clean this out uh so they put that on the conservatives so the conservatives could be in

00:28:00.320 charge of all the unpopular cuts and then 10 years from now the liberals will come back and you know

00:28:05.040 promise a bunch of goodies and canadians will turn around elect them again i mean maybe that's

00:28:08.320 a cynical take on it all maybe it's a victory maybe the fact that the liberals are finally

00:28:12.240 coming around to say hey all the spending that we did was really bad and we probably shouldn't

00:28:16.560 do it anymore maybe it's victory or maybe we shouldn't believe them because they're not

00:28:19.840 not actually going to do it. What do you think, Cosman? Well, I think it's a victory in the sense

00:28:25.960 that the public conversation has ramped up and is openly talking about cutting foreign aid,

00:28:33.940 cutting the size of government. I think most voters are in support of that. For a while,

00:28:39.400 the liberal government would fearmonger against conservatives talking about any cuts being an

00:28:45.280 attack on social services and attack on health care but there's uh you know we talk about doge

00:28:50.960 and i i think we'll be playing this clip later but carney says you know the government uh the

00:28:56.000 government of the united states has is on a war on woke but in reality what doge is a war on yeah

00:29:01.760 we have it why don't we play it right now let's play the clip of this is just such a weird

00:29:05.760 statement but here is mark carney last week uh saying what cosme just said there's a fever

00:29:11.600 gripping america and while it rages canadians will remain resolute and true to our values

00:29:20.240 while america engages in a war on woke canadians will continue to value inclusiveness

00:29:27.760 so it's it's false to say that doge or the u.s government uh the department of government

00:29:32.960 efficiency is waging a war on woke it's waging a war on overspending wasteful spending and it

00:29:40.400 just so happens that those two areas overlap a lot of the wasteful spending has been on like

00:29:47.120 diversity equity inclusion initiatives that do not provide any material or comfort benefit for

00:29:53.840 the average taxpayer and it's the same case here in canada think about all of the departments and

00:30:00.000 the different spending initiatives that the liberal government has ballooned we're talking

00:30:05.840 we have to hold them to their record we have nine years worth of governance to hold them to account

00:30:11.680 for that includes ballooning the size of executives we're talking about managers in the government

00:30:18.960 not just public sector employees there's a record number of executives earning huge amounts of money

00:30:26.400 well above the average canadian salary they've invented new departments new ministries and

00:30:33.200 And they've introduced things like, you know, gender-based analysis across the board, across government sectors.

00:30:39.020 So there's so much there to go through.

00:30:42.580 And if any future government wants to take this seriously and take Dominic LeBlanc at his word, the fact to look at the government and downsize, there needs to be an audit.

00:30:53.920 a real audit where, like Doge, you embed people with an objective financial mindset and looking

00:31:01.960 where can we make these cuts, what hasn't produced any real results, and what can we do away with

00:31:07.980 while maintaining core services and actually improving the outcomes for Canadians at a lower

00:31:15.100 cost. Well, it's interesting that you say that it's not exactly a war on woke, it's a war on waste.

00:31:21.160 And I think that's true. The government is spending on such ridiculous things. We see that down in Washington with what Elon Musk is exposing. I mean, I think it was like $20 million for an Iraqi Sesame Street or a musical on transgenderism in Ireland and a comic book in Peru. 0.84

00:31:43.520 Like, it was so absurdly ridiculous that, you know, it's wrong because it's wasteful.

00:31:48.460 It's extra wrong because we're pushing just the worst values upon the world. 0.98

00:31:52.680 And, of course, Canada is way worse.

00:31:55.180 Like, you know, the Americans had those really high-profile funny examples.

00:31:58.980 But when the sort of mini scandal happened last week where the Foreign Affairs or Global Affairs Canada tried to take down the database of all of their international development plan funding,

00:32:10.440 and then they put it back up and everybody was going through and finding all the things like

00:32:14.520 our forward policy is kind of embarrassing. The fact that we have, we've spent $52 billion over

00:32:22.100 the last, since 2017, so over the last six years on programs, I think is wrong. I think that that

00:32:27.900 money should be spent in Canada. But then even beyond the fact that it's wasteful, the idea that

00:32:33.700 some of these things that we're spending, like we're spending money on transgender surgeries

00:32:38.360 in the Philippines. Like what does the Philippines have to say about that? Well, if you were from the 0.98

00:32:42.680 Philippines, you know, it's a very religious, very Catholic country. And all of a sudden there's

00:32:47.180 these like foreigners pushing this kind of radical religion upon your children. I wouldn't be happy 1.00

00:32:53.420 about that if I was from that place. Or we learned that Canada is spending $10 million a year

00:32:58.820 providing abortions to women in London. Like why? You know, in what world is that Canada's business 0.96

00:33:06.820 or Canada's role, plus we're pushing an ideology.

00:33:10.200 So to me, Cosmin, yes, the world is having a war on woke.

00:33:14.220 I mean, just repeat what Mark Carney said.

00:33:16.860 There's a fever gripping America.

00:33:19.160 And while it rages, Canadians will remain resolute and true to our values.

00:33:24.060 While America engages in a war on woke, Canada will continue to value inclusiveness.

00:33:31.620 So, I mean, is this his new campaign slogan that like woke is here to stay?

00:33:36.360 Canada is going to remain the woke country and you know again this idea that Canadians are like

00:33:41.920 this compassionate people that we value inclusiveness so we need to pay for sex change

00:33:46.940 operations and abortions all over the world like it's it's so patently absurd the reason that

00:33:51.140 people don't like woke and the reason that woke is you know it's it's so popular to go against it

00:33:56.980 and Canadians are just so done with it is because it's morally wrong and I think we're sick of it

00:34:02.720 we had to keep our mouths quiet. Well, I personally didn't, but so many Canadians 1.00

00:34:06.700 felt afraid to talk about this kind of thing. And the cultural environment for the last maybe 10

00:34:11.460 years has been quite hostile towards people who do speak out. We really witness cancel culture

00:34:17.880 to the extreme. So I understand how before Canadians and Americans didn't want to talk

00:34:22.320 about their opposition to this kind of thinking. But again, things have shifted. Everything's on

00:34:28.220 open everybody kind of agrees at this point that we don't want this kind of stuff and it seems like

00:34:34.300 mark crane didn't get that message so again if his new campaign slogan is like woke is here to

00:34:38.780 stay and i'm the woke candidate uh good luck with that yeah part of it seems to be that this liberal

00:34:46.140 uh trend or almost uh behavioral pattern where they constantly need to counter signal against

00:34:52.780 the United States. They're constantly trying to say, oh, look how better we are, even when it's

00:34:58.360 to the detriment of Canada. They're willing to die on that hill. And I think Carney is willing

00:35:05.380 to die on that hill. And we will be exploring that in our series because he talks a lot about

00:35:11.180 inclusivity and changing the economy. You know, this is a World Economic Forum idea. Klaus Schwab

00:35:18.260 term this made this term up, you know, stakeholder capitalism. And this is encapsulates this whole

00:35:24.720 idea about, you know, changing the world to adapt to these climate goals, but also to these social

00:35:31.300 goals, these social governance goals, to promote diversity and equity to, you know, promote mass

00:35:37.240 immigration, etc, refugee policies. So absolutely, whether that is a winning ticket with Canadian

00:35:45.900 voters? I don't think so. And you mentioned, you know, people are way more willing to be open

00:35:51.540 about this and express their dissent, whether it's at their own workplace on social media or

00:35:57.440 against the government. And I'd like just to point out how much of a testament that has been to True

00:36:03.900 North's hard work on this topic, because we were covering it before any of the mainstream legacy

00:36:10.600 media outlets were willing to touch it we got a lot of flack for it but we stuck by it and we've

00:36:16.520 we have a catalog of examples going all the way back to this company's founding of coverage

00:36:23.880 pointing out exactly where this is happening and why it's wrong and it's it's it's i mean

00:36:30.920 i'm very grateful that things are starting to change i think that back then when we were the

00:36:35.000 only ones reporting on it uh it was great because you know we were the only ones reporting on it and

00:36:39.480 And so we got a lot of scoops and we told a lot of stories that were unique to Canada, but we certainly got a lot of blowback.

00:36:46.740 And you realize that the people who push these extreme ideologies, they sort of have like a, I wouldn't even say a religious movement, because I think that that's unkind to religious people. 0.89

00:36:59.100 But they're maniacs. And, you know, when they have their eyes set on you, it's kind of scary.

00:37:05.720 So, yeah, we've all kind of been the target of the craziness from these people.

00:37:10.660 I just don't think that Mark Carney's very good at this.

00:37:13.160 I think that he has a lot of experience.

00:37:15.420 He's an impressive guy.

00:37:16.960 I had Tom Flanagan, retired professor, on, and his point was like, you know, he kind

00:37:21.800 of looks like a prime minister, right?

00:37:23.200 If you look at him, he's like straight out of central casting, and he's kind of like

00:37:27.820 a more polished, more educated, more intelligent version of Justin Trudeau, probably equal

00:37:32.780 in their ideological radicalism, or like you said, maybe he's even more radical than Trudeau

00:37:38.040 if that's possible. So I think everyone assumes that Canadians are just going to like rally around

00:37:43.120 him and love him. When I've watched his campaign so far, Cosmin, I just don't think he's very good

00:37:47.760 at this. So I'm going to put this video of his launch. And I mean, there's a whole bunch wrong

00:37:52.880 with this. The image is just weird. It could be in any country. I don't know. It doesn't really

00:37:59.140 look like Edmonton. And he just has low energy. It reminded me, I've said this on my show before,

00:38:05.080 it reminds me of Jeb Bush and how Donald Trump hilariously labeled him a low energy Jeb.

00:38:10.820 And I kind of like deflated his entire campaign. But that's what I think of when I watch Mark

00:38:16.940 so let's play this clip but those good old times my friends are over

00:38:26.780 our times are anything but ordinary

00:38:36.620 the system it's not working as it should i don't know if that was supposed to be an applause line

00:38:44.140 Just a long pause and nobody clapped. And it just was very inspiring. What do you what do you think?

00:38:51.800 Well, it was more like he's reading a funeral eulogy than he's actually launching a political

00:38:56.960 campaign. And you're absolutely absolutely right. The energy isn't there. And I compare this back

00:39:02.460 to 2015 when Justin Trudeau was running to become prime minister. After he became liberal leader,

00:39:10.940 There was energy in his campaign. There was a lot of young people flocking to Trudeau. You know, he forwarded he was talking about, you know, releasing students of their student debt. He was promoting the legalization of marijuana. And he had some vitality, right? Some energy and youthful drive that clinched him the election. I just don't see it. I don't see it in Carney. I don't see it in Chrystia Freeland, Karina Gold, any of the liberal candidates.

00:39:40.940 And barring the one who, you know, you might call the meme candidate.

00:39:45.500 I forget her name.

00:39:46.380 It's slipping.

00:39:47.800 Yes.

00:39:48.360 Yeah.

00:39:48.580 There is more energy there than there is in Mark Carney's campaign.

00:39:51.800 Right.

00:39:52.780 Yeah.

00:39:53.220 And she's been calling out Mark Carney because one of the things that happened, Cosmin, was after the Trump tariff threats and then Trudeau pushing back and saying that we're going to have our own retaliatory tariffs.

00:40:03.840 Mark Carney came out and put out a statement where he was saying that he was in constant conversation with Canada's cabinet.

00:40:11.460 And he was like involved, kind of like implying he was involved in all of these decisions.

00:40:15.060 And it's like, dude, you're not even a member of parliament.

00:40:17.980 In what world is it OK for you to be involved in this stuff?

00:40:22.160 And, you know, that's what we were pointing out from the outside.

00:40:25.200 But then Ruby Dalla jumped in and also made that point. 1.00

00:40:27.960 So it is kind of amusing to have, I would say, even though Ruby Dalla is a former member of parliament,

00:40:33.360 and she's been around liberal politics probably her entire adult life.

00:40:37.920 She's kind of an outsider because she's not part of that kind of elite Laurentian crowd,

00:40:42.360 so it's amusing to have her in.

00:40:45.260 One of the things that also happened during that launch up in Edmonton

00:40:48.340 is that Mark Carney didn't allow independent journalists to enter the building.

00:40:54.500 And I think this is a big deal.

00:40:56.500 This shows us his character more than anything else.

00:40:59.860 So we had the counter signals. Kian Bexty was sort of leading the charge, but it was also the Western Standard and True North's own Isaac Lamoureux, who, and Isaac is from Edmonton. He's a local journalist. And they weren't letting him in. They weren't giving an explanation. Kian filmed it all. And so, yeah, let's show that clip to see what it looked like.

00:41:21.120 if we have to leave i'm happy to leave but nobody is from whoever's book this has told us that

00:41:27.440 they're actually an authority figure just people that i think don't like us so okay you are

00:41:32.440 trespassing so that was that was how it all ended but if uh you know earlier in other footage you

00:41:40.940 could see kian just trying to get in the door and there's this man that's just blocking it and

00:41:45.580 kian's asking him like who are you you know are you running this event why aren't we allowed in

00:41:49.940 to re-allowed in. And these kind of like self-appointed bouncers, we're not letting them

00:41:55.480 into a community center and treating them like they were doing something wrong. It's like,

00:41:59.440 hello, we live in a free society. This is called a free press. You might not like the journalists,

00:42:03.240 but they should still be allowed in. And the fact that Carney took that approach, that if you're

00:42:08.420 not part of whatever, I don't even know. I don't know how they identified our own Isaac Lamoureux,

00:42:13.280 or maybe they recognized Kean Bextie, but I don't understand why the rest of them didn't get let in.

00:42:18.500 Like what trouble or like what would have possibly happened if like Isaac, who's just a very well mannered, unassuming young man, like what like what's the problem with letting a journalist into the room?

00:42:30.540 I think it really demonstrates exactly what we're going to get with our Kearney.

00:42:36.620 Yeah, it demonstrates weakness and fear almost of being asked questions that he doesn't want to answer, because as far as I can tell, the legacy media has only thrown him softball questions.

00:42:47.580 He refuses to engage with any independent outlet, even if you're just sending him inquiries

00:42:52.760 in writing.

00:42:53.960 He didn't answer any of our reasonable questions.

00:42:56.960 We're not going there to pick a fight.

00:42:58.580 We're just going there to ask him some basic things about what he said in the past and

00:43:03.140 what he's saying now and how he reconciles these things.

00:43:06.760 Any politician worth his or her salt should be able to do that because that is going to

00:43:13.420 be their job if they become prime minister.

00:43:15.920 people have a lot of questions you are running a government and you better be equipped to be able

00:43:22.100 to answer those questions coherently and in a way that makes sense but Carney has refused to do so

00:43:28.020 he seems to just be cruising along and and when you just look at his campaign there's this sense

00:43:33.840 of confidence almost smugness that radiates from it that he has this in the bag and he doesn't need

00:43:41.140 to take that extra effort to convince the other voters, other voters who might not be necessarily

00:43:47.400 Liberal Party members, right? Of course, he's running for the Liberal leadership, and that's

00:43:52.080 who he's trying to convince. But if he thinks he has it in the bag, he needs to convince Canadians

00:43:57.720 who are not liberals, who don't traditionally vote liberal, that he is going to be serving

00:44:03.280 in the highest office in this country in their interest, everybody's interest, not just the

00:44:09.020 Liberal Party supporters' interests. But do you know what, Cosman? I don't think he really does

00:44:13.500 have to convince Canadians. Like, here he is. He has decided that he's going to be Prime Minister.

00:44:19.480 There aren't really a lot of other good candidates, as you pointed out. Chrystia Freeland, 0.98

00:44:24.280 Katrina Gould, like, they're very uninspiring. They're just, they're not going to win. They're

00:44:28.380 not going to be Prime Minister. Had Mark Carney not stopped in, I mean, maybe it would have been

00:44:31.820 Chrystia Freeland, and then we would have seen a repeat of the 93 election, I think, where Kim 0.89

00:44:35.840 Campbell got absolutely decimated. But Mark Carney has stepped in. And I think part of the idea is

00:44:41.560 that he doesn't have to face an electorate, that he is going to get selected by the liberal brass.

00:44:46.620 He's already kind of been selected in backroom deals with bankers and whoever else. He's going

00:44:51.260 to come in. He's going to get to be prime minister, which is something that, you know, he can add it

00:44:55.740 as another trophy on his shelf of things that he's accomplished. And we think we're going into

00:45:01.040 an election, right? Jagmeet Singh said in December that we're going to go into an election, no matter

00:45:05.440 who the liberal leader is. But that requires us to actually trust Jagmeet Singh, who has proven

00:45:10.520 himself over and over and over again, to be entirely untrustworthy. So I can imagine a world,

00:45:16.280 and I think it's pretty easy to imagine this, where Mark Carney wins the liberal leadership

00:45:20.540 race in March, becomes the prime minister, and then manages to strike another deal with the NDP,

00:45:27.280 strike another deal with Jagmeet Singh. We know Jagmeet Singh is, his polling numbers are in the

00:45:31.600 tank. And he is probably not even going to win his own riding if there were to be an election

00:45:36.000 this spring. So why would he trigger one? Just like from a rational kind of incentives perspective,

00:45:41.840 he has no incentive to actually trigger an election. He's lied to the Canadian people

00:45:45.940 so many times that he doesn't even care about his reputation or his word anymore.

00:45:49.680 So all Mark Carney has to do is dangle something in front of him. And we know that Jagmeet Singh

00:45:54.640 falls for that because he did over and over and over again with Justin Trudeau. And so maybe

00:45:59.360 they'll push the election back to October 2025. That will be four years after the last election,

00:46:05.440 and our Elections Canada Act says it's supposed to be every four years. But then there's also

00:46:10.080 this theory floating around. So I want to play this video from our friend Brian Lilly of the

00:46:14.320 Toronto Sun, where he talks about how we might not see an election this year at all. Let's play that

00:46:19.280 clip. Since I get the most is when is Canada going into a federal election? Well, the answer is we

00:46:24.800 may not head into one until September 2026. Yeah, you heard that, September 2026. That's the last

00:46:31.540 time that we're able to. The vote has to be held before the five-year mark of the last vote, which

00:46:36.240 was October 2021. That's the Constitution. Yes, we've got fixed election date laws, but they're

00:46:41.040 not worth the paper they're printed on. They have all kinds of outs for parties to be able to do

00:46:45.800 this. If Mark Carney takes over and becomes liberal leader and prime minister, he could cut

00:46:50.520 to deal with Jagmeet Singh and the NDP and say, we've got a national emergency because of Donald

00:46:55.180 Trump and these terror threats. We've got to stay in power. They could stick around, not just until

00:47:00.820 the summer, not just until October, but all the way until the fall of 2026, all because of our

00:47:07.460 strange government and constitutional system. Now, that's totally possible. It's within the

00:47:13.280 realm of possibility. I've talked to many sort of insiders and people who understand the legal

00:47:16.840 system. And they said, yep, that's probably what could happen. That's inside the possibility of

00:47:21.540 what could happen. So what if the whole plan for Mark Carney is to come in, push off the democratic

00:47:28.440 process, stay prime minister, you know, lead the G7 meeting in Canada this summer, not have an

00:47:34.420 election, make this deal with Dugmik Singh, continue to promote their WEF agenda, their

00:47:38.560 globalist agenda. I mean, to me, it's like the nail in the coffin of Canada. And then maybe by

00:47:43.660 the time 2026 rolls around, he'll bail and do something else, leave the Liberal Party to someone

00:47:48.420 like Chrystia Freeland, and then they'll go down in flames. But, you know, we'll have to endure

00:47:52.440 another 18 months of this. And, you know, as bad as it is today, 18 months from it, one can only

00:47:57.860 imagine the damage that could be done to Canada. So what do you think of that scenario?

00:48:03.380 Well, it's absolutely possible. We've seen that the governor general would be willing to, you know,

00:48:09.120 delay an election and and jagmeet singh is not to be trusted considering his various flip-flops on

00:48:15.060 issues in the past but it just points to the cynicism the political cynicism that is happening

00:48:22.060 in ottawa and the amount of self-interest that the liberal party and the ndp have placed over

00:48:30.160 the interest of canadians over affordability over housing in every single uh sector the liberals

00:48:38.500 have put themselves and their political futures above the future of Canadians. We are in a crisis.

00:48:46.440 Canada is in a predicament that I'm not so sure it can get out of, at least not right away,

00:48:51.860 because we have a debt crisis. We have mounting debt. At this point, it's intergenerational debt,

00:48:58.680 not to mention the housing and the healthcare situation, the problem with our borders,

00:49:03.580 But the tariff threat, we're talking about a recession, a terrible recession.

00:49:09.500 And here we are discussing politicians who are willing to delay Canadians' choice because that's what we're talking about.

00:49:18.660 An election. Canadians deserve a choice by this point, given we have we have a prorogue parliament and nothing is working.

00:49:25.220 The government is going to reach a deadline for spending and Canadians need to have a say.

00:49:30.480 okay I'm not to make this too personal with you Cosm but you know there's a there's a

00:49:37.260 we did a survey a poll that True North published that found that almost half of young men so

00:49:43.560 Canadian men aged 18 to 34 you fit into that demographic said that they would take American

00:49:48.540 citizenship if it was offered so you know you don't have to say for yourself personally but

00:49:53.000 you know among your friends when people you know like do you think that a lot of young men in this

00:49:57.760 country have simply just given up on Canada? Well, it's funny you mentioned that because

00:50:02.480 literally two weeks ago, I have a friend, a longtime friend from Ontario, who was a licensed

00:50:10.120 electrician. He did his apprenticeship, you know, he did trade school, etc. And he was a practicing

00:50:15.700 electrician making a decent wage, but he moved to the to the United States, he moved to Michigan

00:50:22.020 two weeks ago so i have a real life example i've i have friends who have left the country not for

00:50:28.060 the united states but for other countries and it's absolutely true young people but specifically

00:50:34.560 young men do not see a future in canada because they don't see a a place where they can own a 0.99

00:50:41.200 home where they can build a business it's it seems to be all rigged against them and there are

00:50:46.540 virtually few or to none politicians who are speaking for them. These are individuals who

00:50:55.000 build the country. They work the jobs that keep things going, keep the infrastructure built,

00:51:00.720 keep the lights running. And that's who we need to keep in this country. But all we're doing is

00:51:06.600 driving not only individuals away, but also investment, innovation, entrepreneurs with the

00:51:13.580 capital gains tax we're driving business away it's unbelievable like people are voting with

00:51:20.360 their feet and you can see it it's sad but at the same time it makes sense and i think there's like

00:51:24.600 a little bit of dissonance like i i talked to a lot of people about you know what what trump is

00:51:29.700 talking about a lot of people are like horrified by this idea of the 51st state and then you know

00:51:34.480 a few minutes later they'll be like oh by the way um i got a visa i'm gonna move to the states and

00:51:38.760 It's like it's kind of funny how, you know, when it comes to someone's own self-interest, they would take a better opportunity if they could.

00:51:49.760 I think even Mark Carney is backing away from that capital gains tax hike, which is really interesting.

00:51:56.180 Finally, I want to talk about before we wrap this up, Cosmin, is that, you know, one of the things that Mark Carney really promotes is his experience as the governor of the Bank of Canada.

00:52:07.420 I know you have forthcoming series on this topic, specifically what he was talking about

00:52:12.860 with digital currencies, kind of terrifying.

00:52:15.600 I think that for so many people, not just Canadians, but so many people around the world,

00:52:19.300 seeing what happened during the trucker convoy, seeing the Trudeau government, really the

00:52:24.200 mask slipped and we saw like the tyrannical face of a liberal government supposed to be

00:52:29.620 progressive and democratic.

00:52:30.780 and I think one of the worst atrocities that happened during that entire episode was the

00:52:38.420 freezing of bank accounts and the confiscating of money it was kind of scary the fact that like

00:52:43.180 how easy it could be for the government to just snap its fingers and take your money and you know

00:52:49.420 I think that that's something that will follow Christia Freeland around for the rest of her 0.98

00:52:52.880 political career but why don't you walk us through a little bit on what you've been researching and

00:52:58.080 I want you to give us a little tease for the next installment in your series on Mark Carney.

00:53:04.320 Sure. Yes. So our next installment will be Mark Carney's views on central bank digital currencies.

00:53:10.520 And in summary, he essentially advocates CBDCs to be the future of money.

00:53:17.700 He's definitely not a member of the Austrian School of Economics.

00:53:22.440 He's not this libertarian type.

00:53:24.260 He downplays gold. He downplays cryptocurrency. He wants to see everything centralized under global bank governance and that to be the future, to get rid of cash, paper cash, and have this system where we have central banks issuing digital currencies that are not true cryptocurrencies in the sense that we talk about Bitcoin or Ethereum or any of the other coins out there.

00:53:52.000 they are almost dupes because they are controlled they it's not a decentralized system it's a

00:53:59.060 centralized system and they don't have the privacy inherent to cryptocurrency right that's where the

00:54:04.860 crypto comes from essentially hidden in a sense and of course there are downsides to that with

00:54:11.760 the criminal elements but Carney advocates for CBDCs and he lays it out plainly it's all over

00:54:19.220 the book. And this is, in his mind, the future. And we know the Liberal government has taken steps

00:54:25.440 to issue to the Bank of Canada to investigate this and, you know, potentially lay out a future

00:54:33.180 plan for Canadian digital currencies. If I recall correctly, they sort of downplayed it and said

00:54:40.360 that, oh, this isn't feasible right now. But given Mark Carney's advocacy of this, and he's advocated

00:54:47.260 as a person in finance for this type of model for the future of money. I suspect that it is

00:54:53.620 definitely within the works of a potential national policy if he becomes prime minister.

00:54:59.860 Well, that's the kind of thing I'm worried about, that he gets elected and then he stalls an

00:55:03.620 election. It gets placed in by the Liberal Party, I should say, and installs the election so that he

00:55:08.080 can implement something like that. It's really terrifying because, you know, every penny is

00:55:12.800 controlled by the state, the government. They know what you're spending money on. They can

00:55:16.980 turn it off whenever they want. They deem that you've done something wrong, as they did during

00:55:21.480 the trucker convoy. So, you know, I'll play this one clip because Kian Bextie caught up with UK,

00:55:28.580 former UK Prime Minister Liz Truss when he was down in Washington, D.C., and she put out a strong

00:55:34.000 warning to Canadians to avoid Mark Carney to not go down the path. She said it would be disastrous

00:55:39.960 for Canada. This is someone who knows she was Prime Minister when he was the governor of the

00:55:45.080 Bank of Canada. Let's play that clip. Wanting to get your thoughts on Mark Carney and your

00:55:49.720 relationship with him while you were prime minister of the United Kingdom and any advice

00:55:54.320 you have to Canadians who think he might make a good prime minister. Well, Mark Carney was

00:55:59.160 governor of the Bank of England and under his tenure, too much money was printed, which did

00:56:04.960 damage to the British economy and put our economy off track. He, at the last election, endorsed

00:56:11.900 Rachel Reeves' economic policy. She's now become Chancellor. It's been a disaster for Britain.

00:56:17.940 The country is heading for bankruptcy. So I would strongly recommend not backing Mark Carney

00:56:23.200 or his policies on net zero, which have been disastrous for Britain, would be disastrous

00:56:28.740 for Canada. It's not just Liz Truss. There was an op-ed written in the Spectator magazine in the

00:56:34.860 UK on January 7, 2025, with a headline saying, Mark Carney is not fit to be Canadian Prime

00:56:41.300 Minister. This is written by Matthew Lynn, who's a financial journalist in the UK. And he goes on

00:56:47.020 and on about basically just how bad he was at this job, how harmful it's been for England,

00:56:53.100 how ideological he was in pushing these net zero policies and the green agenda. I mean,

00:56:58.760 I think coupled with his idea of a digital currency, and then the fact that he's had a

00:57:04.120 hand in destroying the British economy, I mean, the Prime Minister said right there,

00:57:07.420 They're heading towards bankruptcy because of him.

00:57:10.580 I'll leave the last word on this to you, Cosman.

00:57:14.960 Sure.

00:57:15.640 You mentioned the Freedom Convoy, and I'd like to point back to February.

00:57:19.440 I think it was February 7th, 2022.

00:57:22.800 In the Globe and Mail, Mark Carney wrote an op-ed, and its title is this verbatim.

00:57:29.020 It's time to end the sedition in Ottawa by enforcing the law and following the money.

00:57:34.900 And he writes in that op-ed about gutting the financing of the Freedom Convoy, and when we know the measures that Christy Freeland introduced and the Emergencies Act introduced, treating ordinary Canadians, evidence is clear, over 80%, if not 90% of the donations came from just regular people.

00:57:57.780 It was a regular people funding this convoy and treating them like terrorists, like they're involved in money laundering, like they're criminal organizations. And Mark Carney, and we've talked a lot about holding him to his own words, advocated for this in very plain language.

00:58:17.320 And here he is talking about in his book about introducing a central bank digital currencies.

00:58:24.040 You know, any thinking person just needs to connect the dots there.

00:58:29.260 Well, it's a pretty terrifying idea, Cosmin.

00:58:32.260 I appreciate all the hard work and the excellent reporting that you do over at TrueNorth and exposing all of this.

00:58:37.540 Thank you so much for joining this show today.

00:58:39.520 I hope that none of this comes true.

00:58:40.740 I hope these predictions don't happen.

00:58:41.880 But I think if Mark Carney, if things go to plan, which is that he will be selected and placed in as a prime minister next month, this is where we could be headed as a country.

00:58:50.960 So thanks for your time today, Cosman.

00:58:52.700 Thank you, Candice.

00:58:54.200 All right.

00:58:54.800 We'll leave it at that.

00:58:55.500 And we will be back again tomorrow.

00:58:57.060 We've got a very, very exciting and special episode for you tomorrow.

00:59:00.680 You're going to want to check that out.

00:59:02.180 We have Pierre Polyev.

00:59:03.360 It is sit down exclusive interview.

00:59:05.140 So I'm very, very excited for that coming out tomorrow.

00:59:08.220 Thank you so much for tuning into the podcast.

00:59:09.960 I'm Candice Malcolm.

00:59:10.940 This is the Candice Malcolm Show.

00:59:11.960 Thank you and God bless.

Juno News - February 12, 2025

How well do we know Mark Carney？

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