Stand on Guard with David Krayden - April 12, 2025


Mark Carney's SECRET SCARY Move AGAINST Canada EXPOSED by Freedom Banker | Stand on Guard


Episode Stats

Length

41 minutes

Words per Minute

156.73987

Word Count

6,486

Sentence Count

40

Misogynist Sentences

1

Hate Speech Sentences

9


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
00:00:59.720 and i'll be right back with those
00:01:01.500 we need
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
00:03:10.520 i'm sorry i have to get rid of this first
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