Mark Carney's SECRET SCARY Move AGAINST Canada EXPOSED by Freedom Banker | Stand on Guard
Episode Stats
Words per Minute
156.73987
Summary
Brett Olin is the Chief Executive Officer of the Bow Valley Credit Union in Alberta, Canada and he has some incredible news to report that has not been reported outside of a newsletter that he put together for his people at the bank.
Transcript
00:00:00.000
welcome back to another episode of stand on guard i'm your host david creighton and i'm coming at
00:00:22.380
you live from our nation's capital in ottawa i've got a real treat for you this morning i have brett
00:00:28.660
olin he's the chief executive officer of the bow valley credit union alberta and he has got some
00:00:35.660
incredible news to report and i say news because no up till now this has not been reported outside
00:00:43.980
of a newsletter that brett put together for his people at the bank so we're going to get right
00:00:52.920
into this in a minute but i i can't resist taking a few shots at the opening here at at mark carney
00:01:13.840
okay well what is mark carney up to and before i get into that please subscribe we're almost at
00:01:36.040
the 50 000 mark we can get there within a week with your help thank you and please like the station
00:01:42.140
right now and i was just corrected this has been reported on some podcasts including my my good
00:01:47.980
friend jason levain who i want to have back on the show very very shortly here but we'll be joining brett
00:01:54.440
in a second or mere moments but i had to draw your notice to this would you believe it and this came
00:02:02.720
from radio canada again doing some real investigative reporting on mark carney so it's not just bermuda
00:02:09.500
he's not just stashing away billions of dollars in profits in bermuda now it's the cayman islands
00:02:15.980
this guy it's incredible and as i said yesterday if you if you watched my appearance on redacted
00:02:23.380
the reason for mark carney for the liberal party was this is a man of integrity this was a man who
00:02:32.280
was going to bring back the luster to the liberal party after nine and a half years of justin trudeau's
00:02:38.940
floundering and manic modes here was a guy who was just so basic he was he was a man of integrity a
00:02:49.800
banker the governor of the bank of england the governor of the bank of canada a real establishment
00:02:54.200
figure and of course it turns out the man has no integrity he's stashing all of his his profits
00:03:02.060
in tax havens so he doesn't have to pay any taxes so without further ado i want to welcome
00:03:12.920
i want to welcome brett olin to the to the show this morning and as i said brett is the chief
00:03:22.700
executive officer bow valley credit union alberta not far from my old stomping grounds in calgary and
00:03:29.320
erdry and nice to have you on the show today brett oh thanks for having me and yeah i can see what
00:03:36.080
mark carney's doing down there in the caymans i used to work down there as an investment banker so
00:03:40.800
pretty interesting stuff well you put together an eight-page letter for those who conduct business
00:03:48.240
with you and i must say before we get in and i want to start with the news release that came out
00:03:53.260
from the from the federal government and as you pointed out mark carney has been very very busy
00:04:00.060
for a prime minister who was appointed who has not been elected in his own right and he's done a lot
00:04:07.080
of financial moves since he since he got there but i want to say that we've been calling you the freedom
00:04:13.600
banker because many people during the freedom convoy were worried about their bank accounts being
00:04:20.120
sequestered taken over by the federal government because trudeau and christia freeland joked about
00:04:26.540
this like no big deal we can do this if you support the freedom convoy you don't deserve to be canadian
00:04:33.160
you don't deserve to have your bank account did you see a big influx of people banking with you
00:04:39.780
at that time and your customers have more of a interest in freedom is that why you can be more
00:04:47.000
truthful about what you see coming next yeah no absolutely we saw a huge influx and and really
00:04:53.300
what happens is it perpetuates itself so you get people of the same mindset uh that freedom liberty
00:04:59.640
entrepreneurial spirit mindset and we're we're owned by our members we're not owned by shareholders in a
00:05:07.160
foreign country like most banks are in canada so uh basically it enables us to look at things
00:05:14.960
differently than you know sort of following the european oligarchs in in whatever infinite wisdom
00:05:21.220
that they have for canada so yeah i i i see i see what you mean i want to go to the news release here
00:05:29.740
because i found this absolutely fascinating this is the kind of news release that usually goes out on a
00:05:36.420
friday afternoon because they don't want anybody to notice it but this one is so shall we say
00:05:42.920
camouflaged in fiscal language that most people are not going to understand they put this out on a
00:05:49.420
wednesday afternoon i don't think a single media outlet really covered it it looked like a so what
00:05:57.640
news release government bolsters canada's foreign reserves by issuing u.s dollar global bond i mean
00:06:05.340
people and if you read the news release it's very short it's about four paragraphs four paragraphs
00:06:11.060
and let me have a look at the whole thing here yeah with some quick facts afterwards which really aren't
00:06:19.560
very helpful but what you're saying is that this news release kicked off a campaign by mark carney
00:06:26.080
to to well i won't say essentially the plan the objective is to devalue the canadian dollar and
00:06:33.860
thereby devaluing the u.s dollar can you can you take us through this sure yeah and i can just sort
00:06:40.080
of run you through some dates quickly on on this so mark carney was voted in as liberal leader on on
00:06:45.880
march 9th mark 10th they issued that statement at the department of finance march 11th uh they actually
00:06:52.740
issued this debt that we're talking about here and then march 14 uh carney is sworn in and then off on
00:07:00.420
the 17th he goes over to urich to talk to his uh hires over there um so really what's happening is
00:07:08.000
he's trying to manipulate control of the u.s dollar and he's doing that through the canadian
00:07:17.340
uh tools that he has to him so even though it seems quite small it's it's in the grand scheme
00:07:24.500
of things three and a half billion dollars worth of debt issued it seems quite small but what happens
00:07:30.520
is they take it over to the city of london and in the city in london they have what's called
00:07:36.220
infinite rehypothecation so that's that's a ten dollar word but really what it means is they can print
00:07:42.560
as much money as much currency as they want after that and so what they do is they take this debt
00:07:49.180
uh leverage it up 10 times 100 times a thousand times and then with that type of money you can
00:07:56.100
actually start manipulating the price of u.s dollars and the europeans have done this for decades
00:08:03.180
under what's called the euro dollar system uh but effectively trump uh put an end to that
00:08:10.940
uh with moving to sort of a new rate of pricing dollars and so they can no longer use the euro
00:08:17.640
dollar system to bully around the u.s dollar in pricing so now they're looking for a new tool
00:08:25.260
to be able to do that enter mark carney who's been a governor of both the bank of canada and the bank of
00:08:32.980
england so he understands the plumbing and he understands how this thing this type of thing works
00:08:37.620
and so when when he's working in lockstep with the bank of england with something like this he can
00:08:44.160
actually potentially use it to manipulate the u.s dollar price uh and and the cost of debt which
00:08:52.580
trump will have no part of and he will not let this occur again like happened under the euro dollar system
00:09:01.220
okay so that it sort of begs the question why is he doing this what's he up to is mark carney
00:09:08.840
trying to use canada and now his position as the leader of canada so that his european globalist
00:09:16.440
friends can get rich while the canadian dollar goes into a slide is is that the plan here yeah that's
00:09:23.060
exactly it and and you know this this stems back hundreds of years this is colonialism but rather than
00:09:28.620
using uh you know foreign uh countries to move uh goods and services back to the motherland they just use
00:09:37.920
currency to do the same thing so rather than moving wheat and gold and cotton back to uh say england
00:09:49.080
to be refined and and enrich the citizens of england they're just using the same tools except they're using
00:09:56.720
money they the europeans continue to think of canada as a colony they continue to think of the united
00:10:02.480
states as a colony and basically what they're trying to do is enrich their own people and and the
00:10:09.040
oligarchs over in europe using these colonies in their mind now there's if i just go back to this impact
00:10:18.860
slide here now you call this the battle for the soul of alberta as well as canada because
00:10:25.820
what's the effect because i understand that premier daniel smith is now looking to accept a
00:10:32.960
cryptocurrency and correct me if i'm wrong for oil and gas revenues instead of u.s dollars and is that
00:10:41.020
a way of getting around what carney's plan is here well i'm not certain about the cryptocurrency but
00:10:47.780
the way you stop this system from happening is is basically you you pinch the hose and don't give
00:10:54.800
the canadians or the europeans access to u.s dollars so part of the challenge is that the majority of
00:11:03.080
canada's trade surplus is in oil and gas products and services so if if uh we had a 200 billion dollar
00:11:12.720
surplus with the united states that means that 200 billion dollars of of u.s dollars would flood
00:11:19.100
into canada and then they can actually pay for something that i'm determining the loony dollar
00:11:24.880
system to perpetuate so as long as you can pay the interest payments on this massive amount of debt
00:11:31.100
that they issued the game continues and you can control the dollars but if you cut off the flow
00:11:37.540
of u.s dollars to canada then this system won't work here's the challenge the majority of canada's
00:11:45.460
economy is dependent on getting u.s dollars from the united states and so with with this new system
00:11:53.580
basically what you're doing is sidestepping the u.s dollar because that's what you want to do
00:11:58.460
is sidestep the u.s dollar so the the bank of canada and the treasury of canada can't get access
00:12:03.820
to those u.s dollars and they can't perpetuate the system and you use a system like daniel smith
00:12:10.260
proposed of getting paid royalties in bitumen so oil rather than in u.s dollars and so basically
00:12:18.940
your store of value moves from being in u.s dollars where they can perpetuate the system
00:12:24.600
into something less tangible but still has value like oil and what i was proposing is to use gold
00:12:31.400
to be able to do this and now if you eventually want access to you know use that store of value of
00:12:39.500
oil or gold so at that time you can just basically transfer it back into u.s dollars canadian dollars
00:12:45.880
but really the crux of the system is having those excess u.s dollars floating around in the canadian
00:12:52.320
banking system so we have a u.s has a trade deficit with canada and it's not as donald trump likes to
00:13:02.120
say 200 billion dollars it's it's more like 60 and it's all as a result of oil and gas from alberta
00:13:12.600
if we take that out of the equation the u.s would probably have a trade surplus with with canada but
00:13:18.140
is it in canada's interest then not to tie our oil and gas into this trade deficit does that give us
00:13:26.540
an advantage or does it help us to get away from mark carney's plan of devaluing the canadian dollar
00:13:33.300
well absolutely and and basically if you if you listen to what donald trump has to say he's basically
00:13:38.760
telling the world take your ball and go home and we're not funding the rest of the world's problems
00:13:44.380
anymore and so he absolutely wants uh canadians to look out to other markets and to look to asia to
00:13:52.920
look to europe to look to africa to south america to to gives our products and services to those
00:13:59.080
countries and you know it's not a surprise to anybody that the europeans both and uh asians like
00:14:07.360
uh japan were begging for canadian oil and gas and we've just snuffed out those pipelines and basically
00:14:16.620
said no oil has no future in in this world well i'll tell you what whether you like it or not
00:14:22.440
oil and gas will have a future around the world for probably hundreds of years yet it's it's too
00:14:28.840
important of a commodity there's no substitution for it and whether mark carney and his european
00:14:35.540
oligarchs believe it or not we're going to have to use oil and gas for the foreseeable future
00:14:40.520
yeah i don't think any sane person would would disagree with that and that's
00:14:48.380
certainly on the right track before i forget i want to continue on discussion of carney's plan
00:14:54.060
because i think this is potentially catastrophic and i think you're pointing it out but i mentioned
00:15:01.020
at the beginning here we have mark carney now being discovered putting more of his profits in tax havens
00:15:08.720
he's using the cayman islands now as well as bermuda now as he's pointed out this is perfectly legal
00:15:16.960
and but is it ethical is it is this the kind of behavior we should expect from a man who wants
00:15:25.460
to be the prime minister of canada and who talks about everybody paying their fair share this is it
00:15:31.780
does this really draw a large question about mark carney's integrity well i i think it probably does
00:15:42.140
because you know it's rules for thee not for me you know most people wouldn't be able to have access
00:15:49.020
to get on uh offshore tax havens like uh mark carney would with with something like brookfield that
00:15:56.140
that he's using so uh basically what he's doing is ringing up a bill at a restaurant and saying somebody
00:16:04.180
else has to pay for it but it's not going to be him and and you know unethical i i think is is a bit
00:16:11.000
of the tip of the iceberg because it's it's also hypocritical it's unpatriotic and and and frankly
00:16:19.380
uh i wouldn't expect much less from carney because he's been at this type of thing for years
00:16:25.820
um something similar to what uh i pointed out with with the loony dollar system is is something even
00:16:34.800
potentially even more nefarious and it goes right along with with his green agenda that that he has for
00:16:40.420
people um he's interested in implementing this bill called s243 and s243 basically regulates banks
00:16:50.080
into holding certain amount of capital if they're going to lend out to a certain standard so basically
00:16:56.540
we know that carney has no interest in funding anything that doesn't support his green agenda so
00:17:03.820
if any oil and gas company comes to a bank in canada they carney doesn't want them to lend to
00:17:11.380
them right so what he does is increase the capital requirements for these banks to not be able to lend
00:17:17.740
to uh these oil and gas companies so it basically snuffs out the capital available for these oil and gas
00:17:24.320
companies and they move on to a different country and start the production somewhere else now under s243
00:17:30.820
which carney spoke at the senate hearing for in support of basically it extends far beyond oil
00:17:39.020
and gas and into residential housing for say and so if you don't have the proper solar panels on your
00:17:46.840
roof or you don't have the proper heating system or you don't have the proper insulation you won't be
00:17:52.620
able to get a loan from a bank from the os fee regulated banks because mark carney regulated this into a
00:18:00.220
position of sorry you don't have solar panels on your roof therefore we can't give you a loan or we
00:18:06.120
might give you a loan but it's going to be instead of four five six percent it's going to be 15 20 25
00:18:11.960
percent per annum to give you this mortgage because that's he's leveraging his knowledge of the banking
00:18:19.880
system in canada to weaponize it against canadians when you say weaponize it against canadians so what's
00:18:28.220
going to be the consequence for the average canadian who doesn't have a tax haven elsewhere if you
00:18:37.520
devalue the canadian dollar the my immediate response is hey i think that's going to mean
00:18:42.860
massive inflation perhaps even hyperinflation is that going to be a consequence of this yeah absolutely
00:18:48.820
when when you basically cut off production like carneys per put toes in here and you notice how his
00:18:56.600
solution to everything and we've seen this in the past we've seen it in the 2008 financial crisis
00:19:01.980
we saw it in the covid crisis during 2020 his only solution as a central banker is to print currency
00:19:08.900
that's it so whether he prints currency and he gets the central bank canada to buy it or he just
00:19:17.460
prints currency and helicopters money to the population like he did in covid it's going to be
00:19:24.060
massively inflationary and it's not a surprise to me that we've seen massive inflation in the past
00:19:29.960
four or five years because of a result of what happened is they decided to keep people locked in a
00:19:37.640
cage said you cannot produce any more certain goods and services in covid just sit at home and watch
00:19:44.640
netflix but don't worry we're going to print a bunch of currency and you know helicopter it to you and mail it
00:19:50.480
to you of course that's going to be inflationary you're cutting off all production in canada you're printing
00:19:56.100
a bunch of currency and it basically devalues every other single canadian dollar that's out there so
00:20:03.500
that's really a big message that i have for especially older generations of canadians that have savings and
00:20:10.960
pensions it's going to be completely devalued under carney because he's just going to do the same tricks again and
00:20:16.480
basically whenever there's a problem oh no production print money oh there's a pandemic print money oh
00:20:24.600
trade war with united states print money that's his solution to everything and the thing is don't even
00:20:31.280
think about uh what what's happening today but also what's happening in your bank accounts so maybe you
00:20:39.320
have a hundred thousand dollars stored up from working 40 50 60 years out there if you're purchasing
00:20:45.680
power in five years gets cut in half because of inflation that a hundred thousand dollars can only
00:20:51.760
buy about fifty thousand dollars worth of goods in five years and it's not a surprise to me it wouldn't
00:20:57.860
be a surprise to me to see very impoverished um seniors going forward if mark carney gets into power
00:21:05.240
is that a recipe a very very favorable recipe for most canadians now carney's first trip as prime
00:21:14.740
minister was not to visit donald trump it was to visit his european friends he went to to france and
00:21:21.540
went to britain he visited with macron and he visited with keir starmer uh and and yes and the king
00:21:31.060
and a lot of people said well hold it you've been going on about this trade war with the united
00:21:37.140
states why aren't you doing anything on that front why are you going to europe and mark carney's
00:21:42.200
demonstrated that he has very very thick european ties and in addition to being a citizen of ireland
00:21:48.340
and the uk he was called the governor of the bank of england he also had a scheme which he tried
00:21:53.660
to push on countries around the world called the glasgow financial alliance for net zero g fans
00:21:59.780
and and of course he's very tied to europe but he also has said explicitly over the years he wants
00:22:07.940
china to be the world's economic engine he wants the chinese won to replace the u.s dollar
00:22:14.060
and of course we've learned recently that he sought a 276 million dollar loan from china last october which
00:22:23.120
he received and we know how knee deep he is in chinese influence but you're suggesting it's more
00:22:30.460
about europe for mark carney where do you think china fits into all this well and there are global giants
00:22:37.400
dancing out there absolutely and i think china is involved to some degree and europe is involved to some
00:22:45.200
degree russia as well as the united states um they're effectively having a war for global power
00:22:54.540
at at this point china in my mind to this point uh is is our business people and are trying to basically
00:23:06.080
manipulate the system for the betterment of their people overall so now is there foreign interference it
00:23:12.520
seems like absolutely there is uh i think that the end game for china is a longer one than say
00:23:19.300
something for like europe because europe's on death's doorstep they don't produce anything they've shot
00:23:26.040
themselves in the foot with this green agenda they have zero resources and so basically their only tool
00:23:33.760
is the game of manipulation and so back to the earlier comments that i've had about colonization
00:23:41.120
they have a bit of a bee in their bonnet that uh the united states has never bent the knee to europe
00:23:47.460
like they thought they were and this stems back hundreds of years and so uh effectively there there's a lot
00:23:54.380
at play here uh i think carney's likely playing both sides he's playing with the europeans he's also
00:24:02.060
playing with uh the chinese uh which which really shocks me is he's not having conversations
00:24:11.100
with the united states maybe he doesn't feel like he could deal with donald trump maybe he feels
00:24:16.540
that donald trump will just bully him around i don't know but the thing is it's our biggest trading
00:24:22.000
partner it only makes sense to have conversations with him first it it it just baffles me that he's running
00:24:29.440
over to europe within a few days of his inauguration and these obviously these constant ties to china i think are more
00:24:38.660
business driven but this this person mark carney thinks he's a lot smarter than he is and he's not
00:24:45.320
uh he i think has done a very poor job of analyzing the emotion that canadians are feeling right now
00:24:55.460
he's he's a very linear thinker and so he thinks well you know if there's a problem here i'm just going to print
00:25:02.160
money that's the way he thinks oh well there's you know uh uh an issue that uh i i can't deal with
00:25:10.560
the united states on well i'm just going to run over to europe and and he doesn't think about the
00:25:15.220
emotional and and tie consequences of doing things like this he just he it seems like he's just looking
00:25:22.120
a couple of steps in front of him and not on at the bigger game board of of world powers that are
00:25:29.180
basically pushing him around now your your comment on this on this video that i'm just about to play
00:25:35.440
here i think it's exactly what you what you're saying may be a trap and it's not what you may
00:25:39.280
think what if the u.s china trade war isn't a war at all what if the tariffs the headlines and the
00:25:45.640
market panic are part of something much bigger right now china has imposed a 34 percent tariff on u.s
00:25:51.600
goods trump in response is threatening 50 the world sees conflict but maybe it's coordinated
00:25:56.080
think about it for decades the u.s has been economically drained through unfair trade
00:26:01.640
global financial manipulation and one-sided deals mostly influenced by european and british
00:26:05.780
financial institutions now trump comes back on the scene but instead of launching a direct fight
00:26:11.400
against those entrenched powers in london brussels and davos he does something else he creates chaos
00:26:17.940
he lets china play the aggressor on paper triggering market panic meanwhile european elites with billions
00:26:24.280
invested across the u.s and chinese markets scramble to reposition their assets and it's happening
00:26:29.000
and here's the move as they shift funds trump and his allies watch they track transactions offshore plays
00:26:34.940
strategic exits every panic move well they log it then the trap closes in april the trade war resolves
00:26:41.580
markets rebound but those who bet against the u.s well they lose and trump's allies they buy up what
00:26:47.400
the elites don't cheap suddenly trump holds the leverage the real enemy is in china it's the global
00:26:53.400
financial structure that's been siphoning american wealth for decades and china they get a weakened
00:26:59.280
western system new markets and a partner in reshaping global trade because maybe this isn't a fight
00:27:05.080
between trump and china maybe it's a collaboration a double bluff just to expose the old world order and
00:27:12.060
reset the board now i'm not saying this is actually what's happening but if you step back far enough
00:27:17.000
you have to admit it's sort of a smart way to play the game isn't it
00:27:21.580
so i think that's almost what you were saying like china for mark carney is about mark carney it's about
00:27:28.800
getting richer it's about beating off that a country that is increasingly becoming dominant in the world
00:27:37.900
but while he's up to that is there some sleight of hand going on here because we're all focused on
00:27:43.400
china but is mark carney more focused on europe is that is that what you're saying yeah and it's going
00:27:49.020
to be really interesting unfortunately we're not going to have the information in time for the canadian
00:27:54.900
election here on april 28th sitting sitting on april 11th right now but over the past week there's been
00:28:02.660
massive selling of the u.s treasuries and so you see it in the bond market and what happens is when
00:28:10.560
u.s treasuries are sold the yields go up and so the cost of money goes higher and so it's an inverse
00:28:17.600
correlation and you've seen that significantly over the past number of days like the u.s 10-year debt
00:28:23.240
has gone up about 75 basis points over the past week which is really a really big move and so somebody
00:28:30.460
is behind selling that uh my bet is is probably either the canadians or the europeans there probably
00:28:38.300
is a bit of china there probably is a little bit of japan but on mass it's going to be interesting to
00:28:44.020
see when the data comes out in a couple months of who is basically trying to collapse the u.s treasury
00:28:49.700
market uh and they know that the u.s treasury market is sacred to the to the americans and so if it
00:28:57.300
gets too unruly they come in with quantitative easing and basically printing new currency to get
00:29:04.940
the bond market under control and that's exactly what the europeans want is for the americans to have
00:29:11.360
a weak uh trade system or a weak treasury system uh unable to sort of control the price of their own
00:29:22.740
dollars within the system so basically they continue to control through the european banks
00:29:28.400
the price of u.s dollars so i'm betting that it's the europeans that are actually selling
00:29:34.420
the u.s debt and it's not china it's not japan and so that is a very big indication of who is trying to
00:29:42.560
control the system is who is selling this u.s treasuries and we'll see that uh results of that in
00:29:50.040
about june when the data comes out oh that's incredible this show is generating a lot of
00:29:56.740
interest by the way and we're getting up people commenting and one of the consistent themes people
00:30:03.860
are asking is mark carney playing canadians for suckers is this what this is all about he comes in
00:30:10.980
there as this expert banker phd in economics he knows better than anybody is he playing canadians
00:30:18.940
for suckers for his european friends uh absolutely in my mind uh he is is what what he's trying to do
00:30:27.760
especially with this loony dollar system that i'm proposing is trying to fit uh an elephant through
00:30:34.520
an eye of a needle so the euro is a significant portion of the dollar system so it's the dxy is a
00:30:45.160
basket of currencies that make up the price of the u.s dollar the europeans control about 83 percent of
00:30:54.300
that when when you stand back and look at it and so when john trump cuts off the access to the euro
00:31:02.560
dollar system to pricing the u.s dollar and that's 83 percent of the system whereas canada only controls
00:31:09.240
about eight percent of the dxy you're you're trying to thread that elephant through the eye of the
00:31:16.360
needle and it's going to be massively inflationary and it's basically going to decimate canadian savings
00:31:22.260
if he continues to play this game so absolutely i think he's just trying to enrich himself and it it
00:31:30.280
baffles me that why he'd even want this position other than he's a power monger and he's subservient to
00:31:37.140
his higher elite in europe yeah and i think that's that's something most of our viewers would concur with
00:31:47.680
before i get my final question for i just want to play this video from scott vessant of course the
00:31:54.560
treasury secretary uh before i do that though it's interesting i find this fascinating that the most
00:32:01.820
obdurate countries in the world on the trump tariff response were china and canada and of course mark
00:32:09.680
carney is on a first name basis with donald trump now i find this all very suspicious i'm not sure
00:32:15.680
what game trump is playing except perhaps to crush the country under mark carney but i find these comments
00:32:23.360
from scott vessant extremely interesting good thank you and we saw the successful negotiating strategy
00:32:30.660
that president trump implemented the a week ago today it has brought more than 75 countries
00:32:37.260
forward to negotiate it took great courage great courage for him to stay the course until this moment
00:32:43.820
and what we have ended up with here as i told everyone a week ago there in this very spot do not
00:32:53.620
retaliate and you will be rewarded so every country in the world who wants to come and negotiate
00:33:00.240
we are willing to hear you we're going to go down to a 10 percent baseline tariff for them
00:33:08.840
and china will be raised to 125 due to their insistence on escalation
00:33:15.180
okay so he points out most countries are cooperating uh except he doesn't say canada but canada and china
00:33:27.320
are not cooperating is is mark carney not cooperating because he's still using donald trump
00:33:33.080
as the primary enemy in this federal election he's running against donald trump not so much
00:33:39.080
peer poly of it's very useful useful for him politically especially when donald trump's endorsed
00:33:44.420
him twice and clearly has there's something going on between these two but is that the reason
00:33:50.320
we're seeing the continual reluctance on the part of mark carney to even appeal appear reasonable about
00:33:58.460
this well yeah and and i found it quite ridiculous and we know all know how trump operates he throws out
00:34:05.960
these ideas and basically probably the best thing that people could do is just not react and see how it
00:34:12.900
plays out to some degree uh but no we we had to as canadians jump all over this orange man bad we have
00:34:20.560
to push back on this but here's the thing uh with tariffs being put on canada that means basically
00:34:29.560
this 200 billion dollar or 60 billion dollar trade surplus that you talk about is drained so basically
00:34:37.280
that shrinks and so you lose the power of what i'm terming the loony dollar system so you can't pay for
00:34:46.540
that debt to control the u.s dollar like you had if you don't have that trade surplus so it's no wonder
00:34:54.000
that they're fighting back to carney's fighting back tooth and nail because the moment that we don't have
00:35:00.040
a trade surplus with the u.s all of a sudden we don't have access to those u.s dollars and can't
00:35:06.160
perpetuate the loony dollar system so it makes a lot of sense to me and further to that you even saw
00:35:13.580
how the europeans were weren't sure if they were going to retaliate or weren't sure if they were going
00:35:18.260
to retaliate why is canada not in that same boat as as the europeans it's because likely the europeans
00:35:26.020
are leveraging canadians like well we don't care about canadians in their country so you can be the test
00:35:31.480
balloon see what happens if you retaliate against these tariffs like it it doesn't make political
00:35:38.540
sense it doesn't make economic sense of what carney and and the liberal government is doing here
00:35:44.600
my final question and i appreciate you being on the show so much this morning because this is a crucial
00:35:52.980
issue and i think we're potentially dealing with a economic catastrophe but what you're saying is we need
00:36:00.660
to ramp up the productivity in this country to get out of a sovereign debt crisis and that's what's
00:36:05.420
needed and peer poly is essentially saying the same thing whereas mark carney is wanting to take us down
00:36:12.560
a road a canadian sucker road i would call it to aid his his european globalist friends so can you
00:36:19.720
contrast the two different approaches here yeah i think they they've nailed it around uh change versus
00:36:27.880
no change and and really what we've been living in for the past 10 years is canadians have basically
00:36:33.260
just been recycling assets in between ourselves and it's like oh you want to sell your house i'll buy it
00:36:38.000
or you want to uh buy that other house i'll sell this house and so basically the real estate market is
00:36:44.540
continuing just to tick higher and higher and higher and we can no longer continue to do that as
00:36:49.640
canadians i i think in in a lot of ways trump did us a big favor by basically saying hey you can't be our
00:36:57.060
only trade partner you have to expand your horizons and so to be able to do that you need to increase
00:37:04.800
the capital production within this country you can no longer continue on that path so one policy i really
00:37:11.740
liked of uh polio was that he was going to no longer tax capital gains on the sale of of uh assets if
00:37:22.060
you recycle it back into productive means within canada in my mind that will create an economic boom
00:37:29.820
in this country that a lot of people have just been sitting on assets because they don't want to
00:37:37.020
absorb the tax consequences if they're able to kick that can down the road a little further i think it's
00:37:43.760
going to get just drive a productivity boom within this country and that's really the solution to get out
00:37:51.080
from under these european oligarchs to get out from under the united states to get out from underneath
00:37:56.920
of china if we are a very productive call uh country within our own right then we can basically stand on
00:38:05.080
our own two feet and we can't be pushed around by any of these uh conglomerates around the world
00:38:11.240
well on that note i'll let you go that was an incredibly informative session i'm so glad we did this
00:38:19.280
the response has been just absolutely incredible from our morning viewers so brett brett olin thank
00:38:27.740
you so much ceo bull valley credit union you've warned your investors about what's coming i think
00:38:34.460
we need to get this news out far and wide and i hope i have a part to play in that process i know
00:38:40.300
you've talked to uh my my good friend jason levine about this as well and and other podcasters i hope
00:38:47.320
you get on more shows to talk about this because believe me most canadians are completely unaware
00:38:52.940
of mark carney's plans for canada and we're focusing on as you said we're focusing on china
00:38:59.400
we're focusing on the obvious things we're focusing on his tax havens but we're completely missing this
00:39:06.200
european connection so brett thank you so much for joining me and uh hopefully we can have you on the
00:39:11.680
show again yeah you bet if people want more information just jump on our website bow valley
00:39:16.220
credit union see you and i've got much more materials on this if you want to really get
00:39:20.140
diving into it so thank you very much we'll have that information as well as your letter
00:39:25.680
to to your investors um in the description so that will all be available so thanks again for joining me
00:39:33.400
brett and uh godspeed thanks very much david thanks for having me bye for now that was brett olin ceo of
00:39:41.780
bow valley credit union incredible information thank you for joining us today on stand on guard it's been
00:39:49.200
a pleasure to be here and to talk about this issue mark carney is a man of many faces this is a guy
00:39:56.940
who can tell you he's doing one thing well and with the other hand he's actively involved in a
00:40:04.180
completely different process slippery yes oleaginous you bet and two-faced complete hypocrite hypocrisy that
00:40:14.100
defines him hope to be back later this afternoon with spencer from make canada great again to talk
00:40:22.280
about his latest exploits which are incredible and i'll looking at four o'clock if that doesn't
00:40:29.020
happen we'll we'll have spencer on tomorrow or as soon as possible thank you so much for joining me
00:40:34.280
today and stand on guard thank you for supporting this station by subscribing by liking it because
00:40:40.760
believe me i'm here to give you all the news that i can possibly give you that you need to know
00:40:45.580
and we continue to resolve to resist so let's remember fight mark carney is not destined to be
00:40:55.180
elected as prime minister we canadians still have a choice we can still vote and we need a conservative
00:41:02.100
government on april 28th that's the only solution to getting rid of mark carney and his plans for
00:41:10.520
canada thanks for joining me today i'm stand on guard i'm coming from me ottawa
00:41:15.160
live as every day i do god bless godspeed and we'll see you tomorrow i'm david creighton