Stand on Guard with David Krayden - ＂Mark Carney Should Terrify Every Canadian＂｜ Stand on Guard

00:00:00.000 I also believe we need to ban Donald Trump from attending the G7 summit.

00:00:08.480 Donald Trump should not be welcome here.

00:00:12.360 Yes, that's how crazy the talk is getting in Canada. 0.98

00:00:16.320 And if you're wondering who that clown is, well, that's Jagmeet Singh, 0.93

00:00:19.360 the leader of Canada's socialist and new democratic party. 0.95

00:00:22.920 The guy who has been propping up the liberal government for the past four or five years, at least.

00:00:28.600 When we come back, my guest today, Mr. Michael Lee of Michael Lee Strategies, a financial analyst,

00:00:35.900 who will discuss the tariff question with me as well as his discovery of the GDP in Canada collapsing under Justin Trudeau.

00:00:44.180 When we come back.

00:00:45.040 We need to put it to change.

00:01:02.680 But we also need to resolve to resist.

00:01:05.360 Yes, please like the station now, if you can't help us beat that YouTube logarithm reserved for small C conservative stations.

00:01:22.560 And resubscribe if you have been unsubscribed.

00:01:25.960 Happens all the time or subscribe today if you've never done so.

00:01:29.320 Share this broadcast to your friends and family.

00:01:31.040 We need to get the word out about how catastrophic a trade war with the U.S. will be

00:01:36.040 and why we need to move forward with a conservative government in Canada.

00:01:40.800 My guest today is Michael Lee of Michael Lee Strategies.

00:01:45.440 And I'll just talk a few minutes here about your company,

00:01:49.560 which offers personalized, holistic financial planning and investment management

00:01:53.860 for individuals and families with five million or more of investable assets.

00:01:58.680 Founded in 2019 by a 25-year-old financial service industry veteran,

00:02:05.300 already a veteran at 25, Michael Lee.

00:02:08.100 Michael Lee's strategy focuses on offering comfort through clarity to pre-retirees and retirees

00:02:13.660 by delivering a personalized, holistic strategy

00:02:16.360 that marries comprehensive financial planning and professional investment management.

00:02:21.020 So very pleased to have you here today with us, Mike.

00:02:24.340 And your financial analysis is welcome at this time.

00:02:28.680 So I heard you the other day on Fox Business News, and that's, I was quite impressed.

00:02:35.600 But I'm just going to play a brief clip from President Donald Trump's update,

00:02:42.020 if it was, on tariffs.

00:02:45.820 And a lot of us are confused as to where we stand.

00:02:48.380 And I've got to say at the outset, I'm a columnist for Human Events.

00:02:52.360 I was a columnist for the Daily Caller for five years.

00:02:55.680 Everybody knows that I love Donald Trump.

00:02:57.920 Everybody knows that I think he's doing a superb job with his work, his first hundred days.

00:03:05.380 But I don't want a trade war.

00:03:07.220 Canada, Canadian conservatives do not want a trade war.

00:03:10.120 We do not want to see these tariffs come through.

00:03:12.180 But, and I don't know if Donald Trump clarified the situation very much yesterday.

00:03:15.540 Can you clarify the Canada-Mexico tariffs?

00:03:18.440 You had put that 30-day pause, but you just referred to April.

00:03:21.120 25 percent.

00:03:21.920 25 percent.

00:03:22.420 When does it go into effect?

00:03:23.920 April 2nd.

00:03:25.040 April 2nd for Canada-Mexico.

00:03:26.560 Correct.

00:03:27.060 And for everything.

00:03:28.780 Well, we have the fentanyl-related is a pause.

00:03:33.820 If they can prove to the president they've done an excellent job, that's what they first

00:03:38.860 do in 30 days.

00:03:39.760 Have you guys seen any changes?

00:03:40.400 But then the overall is April 2nd.

00:03:42.780 So the big transaction is April 2nd.

00:03:45.280 But the fentanyl-related things, they're working hard on the border.

00:03:49.040 At the end of that 30 days, they have to prove to the president that they've satisfied him

00:03:53.500 to that regard, if they have, they'll give them a pause, or he won't.

00:04:00.340 So I don't know if we've satisfied the president on the border.

00:04:03.420 There have been some movement made.

00:04:06.660 We have a fentanyl czar now.

00:04:08.640 I don't see 10,000 frontline personnel at the border yet, which Trudeau promised Donald

00:04:14.400 Trump about a month ago now, to get this extension, at least.

00:04:19.140 So the other day when you were on Fox Business, you were saying that you wonder why Donald

00:04:25.580 Trump is so up on punishing Canada.

00:04:29.780 Maybe it's all about Justin Trudeau.

00:04:31.320 Do you think that's really what's going on here?

00:04:34.280 So I don't get it, why he's so tough on Canada.

00:04:41.820 I think a lot of it has to do with Trudeau, particularly as captured by the Chinese Communist 1.00

00:04:46.760 Party.

00:04:47.220 But the other thing I don't get is, why aren't Canadians more upset with him?

00:04:54.800 You have a more educated population than the United States, yet over the last decade, your

00:05:00.400 quality of life has collapsed.

00:05:03.020 If you look at the resources and you look at the number of barrels of oil per capita, you

00:05:10.320 have 40 times the amount of oil per capita than the U.S. does, yet you pay a third more

00:05:16.040 for gasoline prices.

00:05:19.080 Your government-run health care, I mean, it's nice that it's free, but when you include

00:05:23.180 out-of-pocket and what the government spends per capita, compare it to the U.S., it's 20

00:05:28.960 to 30 percent more.

00:05:31.000 Let me ask you, if money was no object, where would you rather get surgery?

00:05:36.380 Where would you rather get health care?

00:05:37.460 Maybe some people say Canada, maybe some people say the U.S., but is it 30 percent more and

00:05:41.640 is it worth paying almost double the tax rate on average?

00:05:46.020 And so I don't know if this is an all-out assault from an ideological front in that the way that

00:05:53.900 I look at Trudeau is he doesn't govern, and the liberals by and large, they govern for a narrative.

00:06:01.040 They don't govern for an objective, right?

00:06:03.700 Because, you know, you're not going to change the climate.

00:06:06.960 You're not going to solve historical injustices, right?

00:06:11.620 All you've done is destroy a country.

00:06:15.160 And so, like, in the comment I made on GDP, in 2014, GDP per capita was about 50,000 U.S.

00:06:22.920 dollars, and the U.S. was, like, at 53.

00:06:26.000 Now Canada's at 56,000 U.S. dollars, and when you factor in your inflation, that's a dramatic

00:06:31.400 drop, and the U.S. is at 83,000.

00:06:34.980 A decade later, like, why?

00:06:37.480 Like, you have to ask yourself, why have we advanced so much more?

00:06:41.080 Particularly in that decade, Donald Trump was only president for four years, six years.

00:06:47.500 We had two were Barack Obama, four were Joe Biden, and they were devastating.

00:06:52.120 We both went through COVID.

00:06:53.480 So I don't know if this is personal, or it's to hammer home, or it could be as simple as

00:07:00.140 around the Michigan area, the auto production, especially down the assembly, like down the

00:07:07.840 supply chain lines.

00:07:09.340 There's a tremendous amount of manufacturing that's going on in Canada that he wants to

00:07:13.800 see move back over the border to Michigan.

00:07:16.480 And so I just, I don't, I don't know why he's so aggressive.

00:07:21.060 Whereas the flip side, Mexico has been one of the most destabilizing forces in the United 0.99

00:07:26.040 States.

00:07:27.440 There, it's a high degree of probability that their president is on the payroll of one of

00:07:32.540 the cartels, right?

00:07:33.960 And not only the president, every layer of government, and that we are looking at a hot

00:07:40.500 war with Mexico, at least the cartels.

00:07:44.680 So I can, I don't know why we aren't harder on Mexico and we're not cutting Canada some 1.00

00:07:50.700 slack because, you know, Trump is a little bit dismissive of how good of an ally Canada

00:07:56.740 has been over the years.

00:07:58.060 I mean, you see in the movie Argo, you have the Canadian ambassador risking his life to

00:08:04.060 get Americans out of Iran. 0.99

00:08:05.820 So like, there's a long history.

00:08:08.060 They are like, Canada is a good ally, but you've destroyed your country.

00:08:13.980 Yeah, I think, I think you're, you're dead on with that.

00:08:17.260 Now, the other day I heard you say and state that Canada's GDP has dropped by 20% during the

00:08:25.200 decade of the Trudeau government.

00:08:26.640 Does your research actually confirm that?

00:08:28.960 So it's the, so when you look at GDP per capita, right?

00:08:33.680 Um, you've gone from 53 to 50, uh, like just under 51,000 to just above, uh, 53, 54,000.

00:08:41.980 When you factor in inflation, yes.

00:08:44.260 Okay.

00:08:44.680 You're purchasing power parity, uh, has, is about flat with inflation.

00:08:49.120 Uh, when you look at GDP per capita and local, but that's not your, your purchasing power parity.

00:08:56.380 That's, that's not, that's not an apples to apples comparison.

00:08:59.560 It's, it's, what is it in us dollar terms?

00:09:01.540 What could you buy in goods, uh, from the rest of the world on an equal playing field?

00:09:05.900 So when you factor in how much less your currency is with the inflation, Chad, because, oh, in

00:09:10.420 this last decade, you've also doubled your national debt.

00:09:13.100 Um, do you know what the deficit was in, uh, 2014 for Canada?

00:09:18.280 It was $6 billion, $6 billion Canadian dollars, right?

00:09:22.140 You had a year under Trudeau where it was 300.

00:09:25.020 So you, you, you, it is, um, it is just unbelievable how just 10 years ago, you guys were basically

00:09:34.620 lockstep with the United States. 0.53

00:09:37.920 Okay.

00:09:38.520 And having so much oil, right.

00:09:41.440 And so if you look at how you, on average, what you pay, uh, per gallon of gasoline, it's

00:09:46.380 like roughly four bucks over the last decade, um, Saudi Arabia.

00:09:51.000 So you have 4,000 gallons of oil per capita.

00:09:53.880 Saudi Arabia is about 7,800, but they're paying like 65, 70 cents for a gallon of gasoline.

00:10:00.140 Imagine how, how different your, your economy should be.

00:10:05.460 And your way of life would be without this massive liberal government overreach without,

00:10:11.120 uh, this war on fossil fuels to solve climate.

00:10:16.000 Um, what, what do you think life would look like in Canada without the, these liberals that

00:10:22.220 you keep voting in charge?

00:10:25.020 Well, yes.

00:10:25.820 And you, you called it the death knell for a nation.

00:10:28.660 I think that's very, very appropriate.

00:10:30.700 I do think there's a remedy and that remedy would be to get rid of this liberal government.

00:10:35.900 And that's the quantity, the conundrum we find ourselves in right now, like a conservative

00:10:41.480 minded Canadian, small C or large C are saying, Donald Trump just stopped the rhetoric for

00:10:48.280 a couple of weeks so we can have an election up here, get rid of this liberal government.

00:10:53.520 And which is on the verge of, of course, uh, appointing or electing Mark Carney, a former

00:11:01.340 governor of the bank of England as its new leader.

00:11:03.500 And it's going to be a much rougher election than it was say a month ago when Justin Trudeau

00:11:09.140 at first announced his retirement.

00:11:11.780 And it looks, the polling is suggesting that, that the, the race is evening up, which I found

00:11:16.940 astounding because the last 10 years have been devastating.

00:11:20.840 And you know, talk about Canadian healthcare.

00:11:23.980 I love to talk about Canadian healthcare because people always say it's free.

00:11:28.320 Well, of course it's not free.

00:11:29.520 I, I, I pay five, $6,000 every year in my taxes just for Canadian healthcare, which doesn't

00:11:37.020 work.

00:11:37.780 The waiting lists are abominable.

00:11:40.160 If I really need an operation, if I'm, if my life is on the line, I'll probably go to

00:11:45.780 the United States.

00:11:46.960 And I can't tell you how many people I've interviewed over the years who have done that.

00:11:51.700 In fact, it's incredible.

00:11:53.200 You will find this hard to believe, but people are offered euthanasia in Canada quicker than

00:11:59.880 they're offered an operation for cancer, for stage four cancer, much easier just to have

00:12:05.100 them euthanized.

00:12:05.940 That's where we've come to in healthcare in this country.

00:12:09.900 That's a true death knell of a nation as well.

00:12:13.280 So, and Canada is in a horrible predicament and a lot of Canadians, conservatives, as I

00:12:19.380 said, are saying, Donald Trump, can you just take the pressure off?

00:12:23.340 Because the more you go against Canada, the more the liberals are using that message, exploiting

00:12:29.420 that message because they don't want to run against the conservatives.

00:12:32.940 They don't want to run on their record.

00:12:35.040 They want to run against Donald Trump and this evil American nemesis, which they're creating

00:12:40.580 right now.

00:12:41.600 So, every time I get an opportunity when I'm on an American station or YouTube, I say,

00:12:47.960 please, drop the rhetoric.

00:12:49.700 Let's get over this.

00:12:52.020 We're on the verge of electing a conservative government in this country.

00:12:56.620 And that's really where the future has to be.

00:13:00.140 But I don't know if Donald Trump even knows who Pierre Polyev is.

00:13:04.420 And this is the man who's probably going to be our next prime minister.

00:13:07.420 So, you know, I think he's kind of a milquetoast conservative.

00:13:15.240 I don't, you know, he doesn't really inspire me as someone that's going to address these

00:13:19.540 problems.

00:13:20.040 And the problem, you need more than a conservative leader.

00:13:25.400 You need moral clarity in that this climate change agenda, it's no different than the euthanasia

00:13:32.860 agenda.

00:13:33.440 It's anti-humanity.

00:13:34.340 And there's by restricting you and your country from using your natural resources to fuel the world,

00:13:45.640 because everything we do revolves around fossil fuels.

00:13:49.520 And there's somehow that like this boogeyman of CO2 that every single individual breathes out

00:13:55.080 at almost every single second of a day is somehow going to kill us all or end the world is uttering

00:14:01.600 complete nonsense.

00:14:03.120 Okay.

00:14:03.380 I'm for a clean environment, but I am not for destroying the Western world in the name of

00:14:11.720 virtue signaling.

00:14:12.300 Okay.

00:14:13.220 And so this euthanasia where they allow, where there's government assistance to help you end

00:14:19.040 your life early is one of the most anti-humanity things that I've, I've ever witnessed.

00:14:25.420 I've ever seen.

00:14:26.640 There's not, there's nothing good about this.

00:14:28.900 This can only be consot, like, you know, it only can be contrived in the mind of a godless

00:14:34.940 liberal that this would be a government policy.

00:14:37.460 And yes, it is not, you know, it's not an accident. 0.81

00:14:41.780 It's not a bug in the system that it's easier for you to kill yourself than it is for you

00:14:45.760 to get cancer treatment.

00:14:47.040 Okay.

00:14:47.580 It, you know, that is the feature.

00:14:49.500 This is your government.

00:14:50.680 And you have all these virtue signaling liberals that want to tell you how to live your life

00:14:55.540 that don't give a, you know, what about you, the quality of your life.

00:15:00.000 They hate people.

00:15:00.760 They hate humanity.

00:15:01.860 They think the earth is the supreme leader. 0.73

00:15:03.860 It is totally and completely demonic.

00:15:06.240 And until you have a leader that can talk in these plain terms and say, what we are doing

00:15:11.520 to ourselves is destroying our country. 1.00

00:15:13.820 We are ruining the quality of life so that stupid liberals that are the bastard son of 1.00

00:15:20.380 communist dictators can run our great nation into the ground. 1.00

00:15:24.260 It is not, it does not serve anyone's interest, including the United States to see Canada run

00:15:31.000 into a ditch.

00:15:31.740 So look, I don't know why Donald Trump has such a massive angst against Canada, but you

00:15:42.460 got to imagine that's the truckers, right?

00:15:46.880 The support for that was so far ranging.

00:15:49.660 And I think there's a lot of people out there that are want to vote conservative, but they

00:15:54.680 need a leader they can get behind.

00:15:56.240 They need someone to call it like it is.

00:15:57.940 They need someone to get out there and say like, Hey, you know, a lot of you liberals,

00:16:02.160 you think you're doing the right thing, but what you're really doing is, you know, you're

00:16:07.080 in favor of, of death, uh, of destruction of ruining the quality of life because you somehow

00:16:13.400 think that there's this climate boogeyman in the room with you. 0.91

00:16:16.460 That's going to kill us all.

00:16:17.520 When in reality, it's all fake, everything, it's all built on a lie that somehow greenhouse

00:16:24.100 gases, that carbon dioxide is going to be the end of us all.

00:16:29.640 Yeah.

00:16:30.300 And I think you're right.

00:16:32.280 Polly does need to get out there and clarify his message. 0.85

00:16:36.360 It needs to be a stronger small C conservative message.

00:16:39.700 And unfortunately he's been echoing some of the liberal party statements on Donald Trump

00:16:45.600 and whatnot, but, you know, Trump is wrong about one thing.

00:16:49.220 He keeps talking about a $200 billion subsidy that Canada is allegedly getting.

00:16:54.440 I think what he means is there's a $200 billion trade deficit, but that's not right either.

00:17:00.400 It's more like $46 billion.

00:17:02.420 And if you take out the energy, the oil and gas exports, the United States actually has

00:17:09.580 a trade surplus with Canada.

00:17:11.680 And I, you know, I have to state that because I'm getting tired of hearing about the subsidy

00:17:16.520 that Canada is getting.

00:17:17.520 It's not.

00:17:18.560 And I think most Americans don't know that Canada is the United States' largest trading

00:17:22.960 partner.

00:17:23.800 We are joined at the hip in so many ways, not just economically, but through our militaries.

00:17:30.140 We have a continental defense agreement.

00:17:32.060 We have NORAD.

00:17:33.340 We've been members of NATO from founding members of NATO.

00:17:36.840 I spent a lot of time in the U.S. when I was a Canadian Air Force officer, because we

00:17:41.540 spend a lot of time working with the U.S., their primary allies.

00:17:46.380 So Canada is an integral part of this relationship, and we always will be.

00:17:52.500 But I don't know why Trump continues to talk about $200 billion in a subsidy.

00:17:58.680 And America needs our gas right now, unless it goes to Venezuela, because the Canadian 1.00

00:18:06.940 gas, the crude oil that we're shipping to the U.S. at very cheap prices is the kind that

00:18:13.380 U.S. refineries require, because it's not the sweet crude produced in the U.S.

00:18:19.580 It's more sulfuric.

00:18:21.040 So I don't think that's something that would be easily alleviated if suddenly Canadian oil

00:18:29.400 and gas was cut off to the U.S.

00:18:32.960 Yes, I agree with you.

00:18:36.940 I'm a little bit perplexed as to this.

00:18:44.520 But we, so we spend too much on defense.

00:18:49.620 And like the U.S., like we have our own problems and our own problems are devastating us.

00:18:57.420 So this excess spending, by and large, to include like not only the Democrats, but absolutely

00:19:04.800 the Republicans as well, that our defense budget is like almost a trillion U.S. dollars, right?

00:19:13.920 So they want to increase it.

00:19:16.660 And so Trump, in my estimation, wants to cut that.

00:19:21.360 So he wants to see all the other NATO partners go ahead and increase their defense spending.

00:19:29.160 But it's also what you've seen in the U.S. for your Canadian viewers is just a complete

00:19:36.360 and total field stripping and gutting of any ability to manufacture goods in the U.S.

00:19:42.720 And so part of that's regulation.

00:19:45.920 Part of that is offshoring.

00:19:48.360 Part of that was our tax code because we had a corporate tax rate of 35% prior to the,

00:19:56.500 you know, tax relief that they passed in 2017.

00:19:59.860 It took that corporate rate down to 21% and then no tax on, and then you were taxed on worldwide

00:20:05.040 goods.

00:20:05.420 So if you were making stuff in the U.S. and selling it abroad, if you tried to repatriate

00:20:12.400 that money, you had to pay 35% on that.

00:20:14.640 So, like, you know, you had that reformation of the tax code and then COVID came in.

00:20:21.500 And, you know, it's, we've done a bit of a 180 in the U.S. over the last 20 years in

00:20:28.260 that, by and large, large corporations, the Wall Street class firmly support the Democrats.

00:20:35.780 And when I, you know, started really paying attention to politics, you know, 20 years ago

00:20:40.520 as we're going to the Iraq war, most of the CEOs of the big banks were Republicans, CEOs

00:20:46.740 of like Fortune 500 were, you know, George Bush, senior and junior type Republicans.

00:20:52.740 And then as the, as Barack Obama came in, you started seeing people come over, Trump

00:20:56.980 comes in, they all switch over and they're all behind the Democrat party.

00:21:00.380 So, and it's, I think in large part, it's because the Republicans picked up where Bill

00:21:05.780 Clinton came on, letting China, the WTO and the signing of NAFTA.

00:21:09.960 So the gutting of our manufacturing base.

00:21:12.400 And then as the financial crisis happened in 2008, there was no recovery in manufacturing

00:21:19.420 in many of these, the Rust Belt states, in the small town America from 2008.

00:21:25.180 And particularly, this is the same place where the fentanyl just grabbed hold of our country.

00:21:31.600 And so the fentanyl, like, I don't know how many people are familiar with this.

00:21:34.700 We've lost between four and 500,000 people over the last decade to fentanyl deaths.

00:21:38.440 That's not drug overdoses.

00:21:40.300 That's fentanyl overdoses over the last decade.

00:21:43.580 These are mind blowing numbers.

00:21:46.560 And it's in these same manufacturing towns where people lose hope.

00:21:50.320 And so this, you know, this theme of this forgotten man in the U.S., like this working

00:21:56.060 class person.

00:21:57.320 And so, so I, I, number one, I know he hates Justin Trudeau.

00:22:03.140 In his book, he basically called out the fact that he's the illegitimate son of Fidel Castro.

00:22:07.460 Okay.

00:22:07.760 And like, people don't want to bring that up.

00:22:09.400 But Trump wrote a book after he left office, it came out.

00:22:12.060 And that's what he specifically said about him.

00:22:14.440 I, I, I don't think it's a good idea for the U.S.

00:22:17.040 to make Canada their 51st state.

00:22:18.620 I mean, it'd be awesome for us to have all that oil, but you're too liberal and you'll

00:22:23.200 turn our country blue and you'll run our country into the ground.

00:22:25.520 So I, I don't want that.

00:22:27.600 Um, but, uh, all the manufacturing that you have right over the bridges in Michigan, um,

00:22:36.300 like Trump wants that back in the U S and he's going to, he'll, he'll probably overreact

00:22:40.660 to get it.

00:22:41.180 But again, like moving that stuff back here, moving into Indiana, moving into small town

00:22:45.780 Michigan, um, moving that stuff there is going to make a huge difference in some of

00:22:51.860 the most affected areas in the country.

00:22:53.440 And like every country wants manufacturing in the U S because of the mold or in their

00:22:57.700 country, you want to be a producer of goods because of the multiplier effect, taking wall

00:23:02.820 elements, putting it together, delivering the finished good.

00:23:05.840 Sorry for the noise.

00:23:07.020 I am in a hotel room in New York city.

00:23:09.420 Uh, but every country wants that. 0.93

00:23:11.640 And we're all fighting for that.

00:23:13.180 And to the degree you can become self-contained, make your own stuff.

00:23:16.920 It's much beneficial for not only for the population, but the overall economy.

00:23:21.600 And like, we, we are services based economy.

00:23:24.360 And like it's when you use, um, Germany as the example where they charge, not only to

00:23:31.620 charge a tariff, they charge a VAT tax.

00:23:33.360 So yes, that VAT tax is uniform on everything over there.

00:23:36.400 But when they make a car over there and sell in the U S and we have a very small tariff and

00:23:42.360 no VAT tax, um, you know, the same $50,000 car, uh, that we sell over there ends up being

00:23:49.900 like almost 70 grand, whereas the $50,000 car that they sell over there ends up being

00:23:55.180 $42,000 over here.

00:23:56.900 It makes it a lot easier for Germany to mass produce stuff.

00:24:00.500 And that's, that's just putting aside the fact that the reason why the Germans don't 1.00

00:24:04.700 really have a military is because they have the Euro because it artificially deflates their

00:24:08.380 currency, which China does.

00:24:09.860 Uh, so that they can have all the manufacturing in their country.

00:24:13.220 Um, but it's all, there's all of these things going on that have over decades destroyed large

00:24:20.480 swaths of our country and the left in our country feels the same way about our population

00:24:24.640 as the left in your country does.

00:24:26.160 They don't care. 0.99

00:24:27.040 They want you to die there.

00:24:28.600 They want to, the governing is about virtue signaling, not about achieving results and

00:24:34.060 providing better outcomes for the populace.

00:24:35.760 So, um, I, I, I, I tend to agree with you that the rhetoric towards Canada is a little

00:24:44.000 bit over the top.

00:24:45.060 I'm a little bit puzzled.

00:24:46.440 And so I, I, I almost kind of like wish you wouldn't do it.

00:24:50.460 Cause like I, most Americans, like we make fun of Canada and it's a joke or like, we like

00:24:54.780 them.

00:24:54.980 Like, you know, we're, we're similar countries and it's maybe, maybe a little malcontent in

00:25:00.180 the way that you guys have destroyed yours that we don't want it here.

00:25:03.280 Um, there's an end game in Trump's mind.

00:25:06.520 I don't know what it is.

00:25:08.360 Well, there's no, there's no question.

00:25:10.060 We need a new birth of freedom in this country.

00:25:12.840 And I think you're maybe being a little too hard on Molly.

00:25:16.120 Although I'm critical as well, because I, I want to see results from this guy and rhetoric

00:25:21.300 is not enough, but I'm hoping we have a future in this country.

00:25:25.500 And David, that is, uh, I'll just say the leader to look towards in this country, as

00:25:31.860 much as I love Trump is JD Vance, um, because JD Vance, uh, is a lot more conservative and

00:25:38.860 a lot more hardline than Donald Trump.

00:25:41.440 But he, I don't want to say he speaks eloquently.

00:25:44.920 He speaks in plain speak so that everyone can understand him, but the guy's probably got

00:25:49.040 a 140 or 150 IQ.

00:25:50.960 And so if you can break these conservative concepts down and not try to pander, okay,

00:25:56.440 be a hardliner, but at the same time, be polite.

00:25:59.340 Okay.

00:25:59.840 People wake up to that and it resonates.

00:26:01.860 And like, they've tried to paint this guy as a weirdo as this or that, like the fact of

00:26:06.660 the matter is he's right.

00:26:07.720 And like, and like, he's not right on a few things.

00:26:09.600 He's right at almost everything.

00:26:10.940 And so Pierre, uh, pull up, I don't, I'm sorry for butchering his name.

00:26:15.180 He doesn't need to be Trump.

00:26:16.140 He needs to be JD Vance because I think they probably agree on just about everything.

00:26:20.320 They have similar styles, but you don't need to pander.

00:26:23.280 You don't need to say, well, I, I, you know, maybe, maybe you're right about this.

00:26:27.300 No, you're wrong.

00:26:28.180 You have destroyed our country.

00:26:29.900 We're tired of it.

00:26:31.360 Canadians deserve better.

00:26:33.480 Yeah.

00:26:34.160 Yeah.

00:26:34.460 I totally, totally, totally agree.

00:26:36.960 And interestingly enough, I have a column coming out today and human events talking about

00:26:42.260 J.D. Vance not only being the potential successor to Donald Trump as president, but the heir to

00:26:48.300 the MAGA mantle.

00:26:50.120 I, I, I am hugely impressed by J.D. Vance every time he opens his mail.

00:26:54.520 I loved what he did to Europe, went over there and told him to stop shutting down free speech,

00:26:59.060 which of course Trudeau is a master of in Canada.

00:27:02.180 He is trying to censor everybody on the internet and drive, it's driving all of us who believe that

00:27:10.120 free speech is fundamental, foundational to democracy crazy.

00:27:14.320 And, and that, but that is Justin Trudeau.

00:27:16.340 But you, you mentioned the money that has been wasted in, in, in support of climate change agenda.

00:27:23.800 And of course, nobody has wasted more than, than Justin Trudeau.

00:27:26.920 Now, his potential successor though, and I don't know if Americans have digested this or even are

00:27:32.040 aware of this, but Mark Carney is a, you know, a globalist.

00:27:37.080 His last couple of years, he was a UN goodwill ambassador for climate change.

00:27:41.180 He shows up in Canada, uh, he's been advising the liberal government for the past decade.

00:27:47.120 He comes back full-time last August, September to be a full-time advisor to the Trudeau government

00:27:54.100 on the economy, which of course he had a huge part in destroying, but he's now talking about a,

00:28:03.100 not just a corporate climate or a corporate carbon tax, which of course will trickle down

00:28:09.000 to consumers overnight.

00:28:10.700 He's also talking about a climate or a, or a carbon tariff, a carbon tariff.

00:28:16.940 And if this doesn't scare corporates, corporations and businesses out of Canada overnight, nothing

00:28:25.160 else will.

00:28:26.100 This is a frightening concept.

00:28:27.960 He's going to use, he's going to have a core, a carbon tariff to put on people.

00:28:33.180 He, he likes to describe as polluters, anyone producing CO2.

00:28:37.300 He describes as pollution, just as Justin Trudeau would love to say.

00:28:40.740 And of course, CO2 is not a pollution, it's not a pollutant, it's not pollution, but is

00:28:46.400 this idea of a, of a carbon tariff going to demolish what's left of the corporate structure

00:28:54.540 in Canada?

00:28:56.240 Um, so, so Mark Carney should terrify every Canadian.

00:29:00.680 Okay.

00:29:00.980 Cause, uh, Justin Trudeau is a virtue signaling, uh, D you know what, right? 0.98

00:29:10.140 Like he is, he is just as fake as it comes.

00:29:13.560 Um, Mark Carney is extraordinarily intelligent. 0.97

00:29:16.080 He will be ultra more effective at destroying your country.

00:29:20.280 Um, like it's, it's, um, again, it's like Trump 1.0 versus Trump 2.0.

00:29:27.760 Like the first one was a little all over the place.

00:29:30.240 The second one is like laser precision, getting everything done.

00:29:34.040 Mark Carney is going to come in and destroy everything.

00:29:36.400 Um, like, so like to beat this, like, again, like you need more clarity, uh, from the conservative,

00:29:43.800 whether it's pure blow or anybody else to say like, Hey, uh, you can't text carbon credits.

00:29:48.640 Uh, the world, like the world is not ending.

00:29:51.480 You know, you can tell me the climate is changing.

00:29:53.780 It is changing.

00:29:54.780 It's always changing for the, since the beginning of the history of time.

00:29:58.220 Okay.

00:29:58.660 Uh, over the last a hundred years, deaths from climate related incidents are down 98%.

00:30:04.760 Okay.

00:30:05.720 Do in large part to technology only made available because of cheap, uh, cheap energy through

00:30:11.860 fossil fuels.

00:30:12.700 Okay.

00:30:13.400 This, everything that you're saying about this carbon tax is anti-humanity.

00:30:16.980 I haven't noticed the weather getting better.

00:30:19.700 It's the hubris to think that you can control the climate of this planet.

00:30:23.980 One that has frozen over and thawed multiple times before the human race even existed.

00:30:30.020 Okay.

00:30:30.560 You only have temperature data for like 120 years for a plant that's existed for close

00:30:35.480 to 5 billion.

00:30:36.160 To think that that's enough sample size just goes to show your hubris.

00:30:40.760 Um, it's, it's, it's all about power and control.

00:30:44.320 And like anybody starts talking about this, I just tell them about like my favorite picture

00:30:48.660 and it's Noah leading two giraffes onto the arc.

00:30:52.700 And the first, the first giraffe says the second giraffe, if only we paid more taxes, we wouldn't

00:30:57.940 be doing this right now.

00:31:01.780 Oh, that's yeah.

00:31:02.800 That's that, that, that, that is, that is so apropos.

00:31:07.080 You know, I think a lot of people are shocked that Donald Trump actually does what he says

00:31:12.000 he was going to do.

00:31:12.820 He promised a lot during that election campaign and my God, he's implementing so much of it

00:31:18.900 immediately from day one.

00:31:21.180 He's been doing that.

00:31:22.260 People are so used to politicians lying and telling people they're going to do the

00:31:27.920 these things and they never do them.

00:31:30.140 Donald Trump's the opposite.

00:31:31.280 He's come into power.

00:31:31.920 He's done everything.

00:31:33.600 He, and he's, he's telegraphing that he's going to continue to do everything he promised

00:31:38.320 to do.

00:31:38.820 Now, one of the things he discussed in the campaign, which I found, you know, as, as

00:31:42.420 somebody who grew up reading Ayn Rand and, and, and, and being fascinated with laissez-faire

00:31:47.980 capitalism, objectivism, he talked about eliminating the income tax in America, going back to an

00:31:55.700 1890s economy based on tariffs, where the government is essentially funding itself through tariffs,

00:32:02.040 not through the expropriation of personal funds from people's income.

00:32:07.700 And I've always said taxation is, the income taxes is theft.

00:32:12.180 Do you really think he's serious about that too?

00:32:14.200 That he could actually go into eliminating the income tax and relying on tariffs to fund

00:32:19.560 the government?

00:32:22.520 Um, I would, I, you know, I think in his mind, he's serious.

00:32:27.640 I just don't see it.

00:32:29.620 Um, and I think this is why him and Elon, um, are BFF like to the end and they're inseparable

00:32:39.660 is because the two of them both think like this.

00:32:42.720 They both think that they, they think of something that's almost impossible.

00:32:47.800 And like when Trump says, this is going to be great, this is going to be really great.

00:32:50.500 It's going to be the best.

00:32:51.180 It's going to be the biggest.

00:32:51.800 It's going to be the fastest.

00:32:52.560 It's going to be the greatest.

00:32:53.240 I love it.

00:32:53.820 You're going to love it.

00:32:54.420 Everyone's going to love it.

00:32:55.680 Um, you know, that's not fluff.

00:32:58.860 This is the way that he thinks.

00:33:00.680 Um, this is like, he, he believes this and he tells himself this and it's the perpetual.

00:33:06.480 Um, I don't know if the word is cognitive dissonance where you're just kind of detached from,

00:33:12.920 from reality, everyone else's reality.

00:33:15.140 And you kind of have like the audacity to dream, like who thinks they're going to run

00:33:18.720 for president the first time and when, like who, who thinks they're going to do all these

00:33:22.700 things and this is the way it should be.

00:33:24.040 So, um, to take a step back to tariffs, uh, the U S is like the number one economy in the

00:33:29.280 world.

00:33:29.760 We are the number one GDP.

00:33:31.000 We are the 800 pound gorilla.

00:33:32.360 Okay.

00:33:32.640 We have the best market to do business in.

00:33:34.520 We have the best capital markets.

00:33:35.720 We have the best rule of law, um, for investors and for businesses to operate of anywhere else

00:33:43.200 in the world.

00:33:43.820 So why would we be the cheapest place to do business for countries from elsewhere in the

00:33:49.680 world?

00:33:49.900 And like, um, you know, for China and for Mexico, you can go ahead with punitive type

00:33:56.160 tariffs.

00:33:56.580 Okay.

00:33:56.940 I do not agree in one Iona that you should be punitive towards Canada, but China and Mexico,

00:34:04.240 110% you can be punitive and try to achieve political means through tariffs.

00:34:09.880 But for everyone else, let's just deal on an equal playing field.

00:34:13.020 Like why would it be, why, like what, what you're, what it's going to cost American companies

00:34:19.020 to do business in your country.

00:34:20.800 Okay.

00:34:21.240 It should cost company like, you know, German car makers, English companies, Indian companies,

00:34:27.660 it should cost them the same to do business in the U S.

00:34:30.500 So that's putting things on an even playing field.

00:34:34.600 I think it's so rational yet.

00:34:37.280 It's so far out of the box because of the capture in the U S because the private equity

00:34:43.000 companies, the global corporations, uh, have figured out six ways from Sunday to try to

00:34:47.960 manipulate everything for the benefit of their shareholders, their investors, and not really

00:34:54.400 America.

00:34:54.880 And I don't know that it's necessarily their responsibility, but it is the president's

00:34:59.020 responsibility to be looking out for America and America ahead of everyone else.

00:35:02.560 And look, so the, uh, on-rand like free trade, free markets, um, they don't exist.

00:35:08.460 They exist in textbooks.

00:35:09.620 They exist in libertarian think tanks and we're taught all to be free traders, but it doesn't

00:35:14.340 exist.

00:35:14.840 And so we can sit here and say, we want these things, uh, and we want free trade, but if

00:35:21.280 it's not real, you're just allowing yourself to be taken advantage of, which has been Trump's

00:35:25.960 point for like 30 years, going back, watching on TV, like we're allowing ourselves to be

00:35:30.900 manipulated.

00:35:31.700 And like when Ross Perot ran for president in 1992, he talked about what NAFTA was going

00:35:36.380 to do to this country and he was a hundred percent right. 0.71

00:35:39.020 And so it's, it's, and this is why it's resonating because it's, and like why he's so popular

00:35:46.680 in the U S I'm like, I don't know what people are reading in Canada, but Harvard Harris, which

00:35:51.580 continually understates the support for Trump by anywhere from two to five points had every

00:35:55.880 major issue he's implementing and he's governing on and he's above 60%.

00:36:01.060 I'm like every single one of them, which is unheard of.

00:36:04.820 So, uh, um, a big, a big win in a poll is if it's 55 to 45 in the U S because we are a

00:36:11.260 divided country.

00:36:12.060 So when you start getting up into the sixties and the disagrees, like in the thirties, and

00:36:17.300 then you have some unsures, like that's massive landslides in the U S.

00:36:22.440 So the popularity that Donald Trump has right now is almost beyond imagination.

00:36:28.000 Rasmussen with the poll out yesterday.

00:36:29.440 So we have a thing that's been tracking right track, wrong track.

00:36:31.960 Do you believe the U S is on the right track versus the wrong track?

00:36:34.920 Okay.

00:36:35.080 We are stepping into positive territories for the first time since pre-financial crisis.

00:36:40.860 So you, and like, it's a, yeah, Donald Trump has his own style and Canada doesn't need

00:36:48.520 someone with Donald Trump style, but Canada needs somebody to come in and with moral clarity 1.00

00:36:53.940 to say, you are full of excrement. 1.00

00:36:56.420 You are full of it. 1.00

00:36:57.460 You're destroying this country.

00:36:58.900 Here's why.

00:37:00.380 Yeah.

00:37:01.020 I, and I agree.

00:37:02.440 We need to move forward.

00:37:04.680 We need an environment that's favorable to both, to both countries.

00:37:07.860 Trade wise, a trade war will be catastrophic for Canada.

00:37:12.040 I can't say that for the U S I think it might have a huge impact on energy pricing in the

00:37:17.800 U S and the price of gasoline will definitely go up if there's a trade war. 0.99

00:37:21.860 However, in Canada, this could trigger a great depression, capital G, capital D, and this

00:37:28.020 could be devastating.

00:37:29.120 So I'm fighting for some more negotiation.

00:37:32.960 I'm fighting for some sanity, get rid of this liberal government, have a government, it does

00:37:38.360 at least claim to be a common sense, conservative solution to this because we can't afford a trade

00:37:44.960 war with the United States.

00:37:46.100 The liberal party would like a trade war because I think it's a winning solution for them.

00:37:51.000 It's a winning strategy and it's all politics.

00:37:53.200 So I think what you're saying, you know, we're not going to change Donald Trump, but I think

00:37:58.640 Donald Trump can look at Canada and say, you're capable of so much better.

00:38:03.260 I don't want to destroy you, but I think if I just find some common ground, but if I do

00:38:10.960 so fix it, fix the problem, fix the problem at the border, fix the fentanyl problem and fix

00:38:17.100 the problem with Mark Carney and your net zero fantasies, and that's where we have to go.

00:38:24.540 And I'm hoping we can find a solution, but your input today has been fantastic.

00:38:31.960 One last thing.

00:38:32.940 So the UK entered a net zero alliance in 2004, and they have grown at 25% of the rate of every

00:38:43.020 other G8 nation.

00:38:43.980 Net zero is a death knell for your industrial base.

00:38:48.000 It is a death knell for your country.

00:38:50.900 You want nothing to do with it.

00:38:52.700 It doesn't help anyone other than the people running these BS green energy projects.

00:38:59.900 Yeah, that is so true.

00:39:03.020 Michael Lee of Michael Lee Strategy, thank you so much for joining me today.

00:39:06.620 This has been a fascinating discussion and I hope to see you on here again.

00:39:10.800 And you can catch Michael on a lot of shows.

00:39:14.220 I don't know.

00:39:14.520 Are you a contributor on Fox business or?

00:39:17.220 You know, just, just a very frequent guest.

00:39:20.260 I'm very frequent guests.

00:39:21.780 I've seen you on Fox news as well.

00:39:23.460 You're a news max TV.

00:39:24.660 Yahoo.

00:39:25.200 Find a cheddar news.

00:39:26.500 TD Ameritrade network.

00:39:28.540 You've also been on CNBC and you're quoted a lot on Bloomberg news and the U.S. news and world report.

00:39:36.980 And it's been fascinating talking to you today, Michael.

00:39:39.680 Thank you for joining me and God bless and God bless our two countries.

00:39:44.380 Yes.

00:39:45.140 God bless Canada.

00:39:46.380 And you guys did win the four nations.

00:39:48.280 So you got that.

00:39:48.980 Thank you, Michael.

00:39:52.520 Pleasure talking to you.

00:39:54.720 That's all we have time for today, folks.

00:39:56.660 Thank you so much for joining me.

00:39:59.120 Actually.

00:40:00.640 Let's remind you all.

00:40:01.600 Bye-bye.

00:40:31.600 thank you for joining me today i'll be back again tomorrow and 10 o'clock on time and and have a

00:40:43.360 look at the merchandise in our store i think it's some of the best available kit out there and we're

00:40:49.440 proud of it we'll see you tomorrow folks thanks for joining me today and we'll be back again

00:40:55.220 tomorrow with all the news you need to know

Stand on Guard with David Krayden - February 27, 2025

＂Mark Carney Should Terrify Every Canadian＂｜ Stand on Guard

Episode Stats

Summary

Transcript

Stand on Guard with David Krayden - February 27, 2025

＂Mark Carney Should Terrify Every Canadian＂ ｜ Stand on Guard

Episode Stats

Summary

Transcript

＂Mark Carney Should Terrify Every Canadian＂｜ Stand on Guard