＂Mark Carney Should Terrify Every Canadian＂ ｜ Stand on Guard
Episode Stats
Words per Minute
163.32777
Summary
In this episode, I speak with Michael Lee of Michael Lee Strategies, a financial analyst, who will discuss the tariff question with me, as well as his discovery of the GDP in Canada collapsing under Prime Minister Justin Trudeau. I also believe we should ban Donald Trump from attending the G7 summit.
Transcript
00:00:00.000
I also believe we need to ban Donald Trump from attending the G7 summit.
00:00:12.360
Yes, that's how crazy the talk is getting in Canada.
00:00:16.320
And if you're wondering who that clown is, well, that's Jagmeet Singh,
00:00:19.360
the leader of Canada's socialist and new democratic party.
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.
00:01:05.360
Yes, please like the station now, if you can't help us beat that YouTube logarithm reserved for small C conservative stations.
00:01:25.960
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,
00:02:08.100
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,
00:02:45.820
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.
00:02:57.920
Everybody knows that I think he's doing a superb job with his work, his first hundred days.
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.
00:03:18.440
You had put that 30-day pause, but you just referred to April.
00:03:33.820
If they can prove to the president they've done an excellent job, that's what they first
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.
00:04:08.640
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
00:04:31.320
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
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
00:05:03.020
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
00:05:19.080
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
00:05:31.000
Let me ask you, if money was no object, where would you rather get surgery?
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.
00:06:03.700
Because, you know, you're not going to change the climate.
00:06:06.960
You're not going to solve historical injustices, right?
00:06:15.160
And so, like, in the comment I made on GDP, in 2014, GDP per capita was about 50,000 U.S.
00:06:26.000
Now Canada's at 56,000 U.S. dollars, and when you factor in your inflation, that's a dramatic
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.
00:06:53.480
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
00:07:09.340
There's a tremendous amount of manufacturing that's going on in Canada that he wants to
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
00:07:27.440
There, it's a high degree of probability that their president is on the payroll of one of
00:07:33.960
And not only the president, every layer of government, and that we are looking at a hot
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
00:07:50.700
slack because, you know, Trump is a little bit dismissive of how good of an ally Canada
00:07:58.060
I mean, you see in the movie Argo, you have the Canadian ambassador risking his life to
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
00:08:28.960
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.
00:08:44.680
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.
00:09:01.540
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?
00:09:25.020
So you, you, you, it is, um, it is just unbelievable how just 10 years ago, you guys were basically
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.
00:09:53.880
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,
00:10:16.000
Um, what, what do you think life would look like in Canada without the, these liberals that
00:10:25.820
And you, you called it the death knell for a nation.
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
00:11:11.780
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.
00:11:23.980
I love to talk about Canadian healthcare because people always say it's free.
00:11:29.520
I, I, I pay five, $6,000 every year in my taxes just for Canadian healthcare, which doesn't
00:11:40.160
If I really need an operation, if I'm, if my life is on the line, I'll probably go to
00:11:46.960
And I can't tell you how many people I've interviewed over the years who have done that.
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
00:12:05.940
That's where we've come to in healthcare in this country.
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.
00:12:35.040
They want to run against Donald Trump and this evil American nemesis, which they're creating
00:12:41.600
So, every time I get an opportunity when I'm on an American station or YouTube, I say,
00:12:52.020
We're on the verge of electing a conservative government in this country.
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
00:13:20.040
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
00:13:34.340
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
00:14:03.380
I'm for a clean environment, but I am not for destroying the Western world in the name of
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.
00:14:28.900
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.
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
00:14:50.680
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.
00:15:06.240
And until you have a leader that can talk in these plain terms and say, what we are doing
00:15:13.820
We are ruining the quality of life so that stupid liberals that are the bastard son of
00:15:20.380
communist dictators can run our great nation into the ground.
00:15:24.260
It is not, it does not serve anyone's interest, including the United States to see Canada run
00:15:31.740
So look, I don't know why Donald Trump has such a massive angst against Canada, but you
00:15:49.660
And I think there's a lot of people out there that are want to vote conservative, but they
00:15:57.940
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.
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.
00:16:32.280
Polly does need to get out there and clarify his message.
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.
00:17:02.420
And if you take out the energy, the oil and gas exports, the United States actually has
00:17:11.680
And I, you know, I have to state that because I'm getting tired of hearing about the subsidy
00:17:18.560
And I think most Americans don't know that Canada is the United States' largest trading
00:17:23.800
We are joined at the hip in so many ways, not just economically, but through our militaries.
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
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.
00:18:21.040
So I don't think that's something that would be easily alleviated if suddenly Canadian oil
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?
00:19:16.660
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.
00:19:48.360
Part of that was our tax code because we had a corporate tax rate of 35% prior to the,
00:19:59.860
It took that corporate rate down to 21% and then no tax on, and then you were taxed on worldwide
00:20:05.420
So if you were making stuff in the U.S. and selling it abroad, if you tried to repatriate
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.
00:21:12.400
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.
00:21:40.300
That's fentanyl overdoses over the last decade.
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
00:21:57.320
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.
00:22:09.400
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.
00:22:18.620
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.
00:22:27.600
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
00:22:41.180
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
00:22:53.440
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.
00:23:13.180
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.
00:23:24.360
And like it's when you use, um, Germany as the example where they charge, not only to
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
00:23:56.900
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
00:24:04.700
really have a military is because they have the Euro because it artificially deflates their
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
00:24:28.600
They want to, the governing is about virtue signaling, not about achieving results and
00:24:35.760
So, um, I, I, I, I tend to agree with you that the rhetoric towards Canada is a little
00:24:46.440
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
00:24:54.980
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.
00:25:10.060
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
00:25:41.440
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
00:25:50.960
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.
00:26:01.860
And like, they've tried to paint this guy as a weirdo as this or that, like the fact of
00:26:07.720
And like, and like, he's not right on a few things.
00:26:10.940
And so Pierre, uh, pull up, I don't, I'm sorry for butchering his name.
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.
00:26:36.960
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
00:26:50.120
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.
00:27:16.340
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
00:28:10.700
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
00:28:27.960
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
00:28:56.240
Um, so, so Mark Carney should terrify every Canadian.
00:29:00.980
Cause, uh, Justin Trudeau is a virtue signaling, uh, D you know what, right?
00:29:13.560
Um, Mark Carney is extraordinarily intelligent.
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.
00:29:51.480
You know, you can tell me the climate is changing.
00:29:54.780
It's always changing for the, since the beginning of the history of time.
00:29:58.660
Uh, over the last a hundred years, deaths from climate related incidents are down 98%.
00:30:05.720
Do in large part to technology only made available because of cheap, uh, cheap energy through
00:30:13.400
This, everything that you're saying about this carbon tax is anti-humanity.
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.
00:30:30.560
You only have temperature data for like 120 years for a plant that's existed for close
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
00:31:02.800
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
00:31:12.820
He promised a lot during that election campaign and my God, he's implementing so much of it
00:31:22.260
People are so used to politicians lying and telling people they're going to do the
00:31:33.600
He, and he's, he's telegraphing that he's going to continue to do everything he promised
00:31:38.820
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
00:32:22.520
Um, I would, I, you know, I think in his mind, he's serious.
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.
00:33:00.680
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,
00:33:15.140
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
00:33:24.040
So, um, to take a step back to tariffs, uh, the U S is like the number one economy in the
00:33:35.720
We have the best rule of law, um, for investors and for businesses to operate of anywhere else
00:33:43.820
So why would we be the cheapest place to do business for countries from elsewhere in the
00:33:49.900
And like, um, you know, for China and for Mexico, you can go ahead with punitive type
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
00:34:21.240
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.
00:34:37.280
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
00:34:54.880
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.
00:35:09.620
They exist in libertarian think tanks and we're taught all to be free traders, but it doesn't
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
00:35:31.700
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.
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
00:36:12.060
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.
00:36:29.440
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?
00:36:35.080
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
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.
00:37:21.860
However, in Canada, this could trigger a great depression, capital G, capital D, and this
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
00:37:46.100
The liberal party would like a trade war because I think it's a winning solution for them.
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.
00:38:32.940
So the UK entered a net zero alliance in 2004, and they have grown at 25% of the rate of every
00:38:43.980
Net zero is a death knell for your industrial base.
00:38:52.700
It doesn't help anyone other than the people running these BS green energy projects.
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.
00:39:28.540
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.
00:40:31.600
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