Mark Slapinski

The honeymoon period is over. Mark Carney was elected last year to correct Justin Trudeau's mistakes on the economy. He was supposed to be the chosen one to deal with Canada's economic woes. Unfortunately for Canadians, Mark Carney has failed to live up to pretty much every promise he made to Canadians in the lead-up to the federal election last April.

00:00:00.000 What's happening to Carney, the honeymoon period is ending now.

00:00:03.480 Canadian Prime Minister Mark Carney just got called out

00:00:05.920 on one of the biggest news platforms in the Western world, Fox News.

00:00:10.800 With recent developments in Venezuela,

00:00:13.060 Canada's financial future is in serious jeopardy.

00:00:16.220 Mark Carney was elected last year to correct Justin Trudeau's mistakes on the economy.

00:00:20.500 After all, Justin Trudeau, he had a degree in English literature

00:00:23.720 and experience working as a part-time drama teacher.

00:00:27.520 So Mark Carney was supposed to be the upgrade.

00:00:30.000 The person that was supposed to come in and fix up Canada's economic mess.

00:00:34.100 Now to be fair, Mark Carney has a pretty impressive resume.

00:00:37.340 He has a PhD in economics from the University of Oxford

00:00:40.340 and experience as the governor of both the Bank of Canada and the Bank of England.

00:00:46.200 He was supposed to be the chosen one to deal with Canada's economic woes.

00:00:50.960 Unfortunately for Canadians, Mark Carney has failed to live up to pretty much

00:00:53.900 every promise he made to Canadians in the lead-up to the federal election last April.

00:00:58.220 He was supposed to get a deal with Donald Trump.

00:01:00.620 He was supposed to be tough on Donald Trump.

00:01:02.900 And instead, Mark Carney has caved to Donald Trump's demands,

00:01:06.180 every single one, without getting anything in return.

00:01:09.240 He was supposed to get a trade deal.

00:01:10.980 And last time I checked, there is no trade deal.

00:01:13.520 Carney is supposed to make Canada an energy superpower,

00:01:16.180 a strong energy superpower.

00:01:18.240 But in the last year, he hasn't approved one natural resource development project.

00:01:23.180 Like what's going on here?

00:01:24.220 The good thing is that news networks, even outside of Canada, they're taking notice.

00:01:28.580 Legendary businessman Kevin O'Leary wasted no time ripping apart Mark Carney

00:01:32.920 during a recent interview on live television.

00:01:35.100 This interview was done on Fox Business.

00:01:37.060 Listen to what he has to say right here.

00:01:38.620 Venezuela's oil, I believe it poses a challenge to Canada's oil export.

00:01:44.060 Now, you're a Canadian.

00:01:45.400 What impact does this have on trade talks between the U.S. and Ottawa?

00:01:49.580 First of all, that's a very astute question, and you're right.

00:01:53.860 It's having a major impact in the Canadian political scene.

00:01:57.900 What's happening to Carney, the honeymoon period is ending now.

00:02:01.740 We've had a 10-year economic coma under the previous administration, 0.96

00:02:06.300 the Trudeau idiot king, where no permits were granted for pipelines. 0.97

00:02:09.800 And so there was no diversification of where the bitumen, 0.99

00:02:12.680 which is a heavy oil product, could get to market,

00:02:15.580 except down to Cushing, where it's processed.

00:02:17.900 Now, we have a situation where the Venezuelan oil,

00:02:20.460 which is also very heavy, is going to be coming to compete.

00:02:23.780 So the Canadian price of bitumen hit new lows last week,

00:02:26.840 and Carney's under pressure to permit a new pipeline

00:02:30.160 that would diversify sources that could purchase this oil.

00:02:33.980 Asian markets, for example, European markets.

00:02:36.640 He's really getting his head squeezed now on this one.

00:02:38.800 And that's probably a good thing, because at the end of the day, 1.00

00:02:41.240 he was brought in after they kicked out the idiot king to move this ahead, 0.99

00:02:44.560 because the Canadian GDP has collapsed, and debt for capital is very high. 0.99

00:02:48.380 The Venezuelan oil, however, here's my prediction.

00:02:51.060 It's going into the strategic reserve.

00:02:53.280 It will not be processed in Texas, where there are some heavy oil refineries.

00:02:58.100 It will go straight into one of the seven salt caves.

00:03:00.740 It won't be mixed with the light oil.

00:03:02.660 It'll be just put there to top up the strategic reserve.

00:03:06.420 And by the way, in historic times, you know, the last 20 years,

00:03:09.980 much of that Venezuelan heavy has ended up in the strategic reserves,

00:03:12.960 which could use some topping up.

00:03:14.620 So that's where we're at.

00:03:15.720 You've got the head squeezer up north,

00:03:17.200 and you've got new source supply for the strategic reserve.

00:03:21.220 And then what happens to Venezuela and the meeting today at the White House,

00:03:24.860 that's jump ball. 0.94

00:03:25.680 The most entrepreneurial oil executive there is Harold Hamm.

00:03:30.320 Rumor has it in the PE markets,

00:03:32.400 he's walking to the White House with $2 billion cash in hand

00:03:35.200 to start the negotiations for asset claims in Venezuela.

00:03:39.160 Now, O'Leary rightfully pointed out that Mark Carney has failed

00:03:42.020 to get a pipeline approved and failed to get moving

00:03:44.860 on getting our lucrative oil out to market.

00:03:47.720 He also acknowledged that Carney's honeymoon phase is finally over

00:03:50.780 and he's free falling in the polls.

00:03:53.240 The Conservative Party right now is in the lead,

00:03:55.620 at least amongst young people.

00:03:57.400 If an election were held today,

00:03:58.980 there's a good chance the Conservatives would win a majority.

00:04:01.720 For some reason, O'Leary is a lot nicer to Carney

00:04:04.760 than he was to Trudeau.

00:04:06.440 And I'm not sure why that is,

00:04:08.040 but of course, he has his reasons for being that way.

00:04:10.700 However, I want to point out the fact that American news networks

00:04:13.880 are reporting unfavorably on Carney is good for us,

00:04:17.200 good for Conservatives, and really bad for Liberals.

00:04:20.160 So once again, I ask you all, just hang in there,

00:04:22.840 have a bit of faith, have a bit of patience.

00:04:25.080 We're going to win,

00:04:26.000 and we're going to win bigger than we've ever won before.

00:04:28.560 Thanks for tuning in.

00:04:29.760 I love you all.

00:04:30.840 Have a great weekend,

00:04:32.080 and I'll talk to you real soon, patriots.

Fox News Drops The BOMB On Carney

Episode Stats

Summary

Transcript