The Blueprint: Canada's Conservative Podcast - Rising Prices in Canada

00:00:00.000 Hello and welcome once again to The Blueprints. This is Canada's Conservative Podcast. I'm

00:00:07.300 your host, Jamie Schmael, Member of Parliament for Halliburton, for the likes Brock, with

00:00:10.940 new content every single Tuesday, 1.30pm Eastern Time. We do appreciate you joining us today.

00:00:16.880 If you can't watch or listen to it right this moment, download it later on on platforms

00:00:20.960 like CastBox, iTunes, Google Play, Spotify, you name it, it is out there and together

00:00:25.480 we can push back against the ever-moving Liberal agenda. If you help us, like, subscribe,

00:00:30.840 comment, share this program. And again, you will reach someone in your social media network

00:00:35.260 that might not be open, that might, sorry, be open to hearing the Conservative message that

00:00:39.320 might not be getting it from the mainstream media. And of course, with this new content,

00:00:43.540 we have some pretty important stuff to talk about. We're bringing back Kelly McCauley,

00:00:47.200 a good friend of the show, Member of Parliament for Edmonton West. Thanks for coming back.

00:00:51.240 Pleasure, Jamie. Thanks for inviting me. It's been a while since I've been here. I think the

00:00:56.160 last time I was here, we weren't doing videos, just pure podcast. Well, that's because you

00:01:00.060 overdressed for the occasion, but so we have to limit your appearances. I took my tie off when I

00:01:06.900 saw that you were wearing a hoodie. Well, you know. Listen, congratulations on your election

00:01:12.460 victory last month. Congratulations on six years anniversary today on your first election victory.

00:01:18.720 Well done. Likewise. You too, as well. It's been great serving with you as the newbie class once,

00:01:24.520 I guess, for the veterans now, I guess. That's pretty scary. But of course, you know, I have

00:01:29.960 enough. My hair's not going grave yet, but we're working on it. Pretty shocking news today.

00:01:36.440 Pretty shocking news today on the Black Locks Reporter. They did a comparison of food prices.

00:01:42.000 Of course, inflation is at 4.1%. It's highest in 20 years. And they compared food prices from

00:01:48.500 August of 2020 to August of 2021. I'll go over some of what they found. It's pretty shocking here.

00:01:55.500 Newfoundland and Labrador, the price of a whole chicken rose 35%. Absolutely incredible. Prince

00:02:03.020 Edward Island, chicken breast went up 29%. Broccoli, 25%. In Nova Scotia, butter, 42%. It's up. Beef strip loin,

00:02:12.420 up 12%. New Brunswick, hot dogs up 8%. We've seen pork loin, 13%. Apples, 15% increase. Quebec beef stew,

00:02:23.380 it went up 10%. A liter of cream went up 16%. Oranges, 17%. I can keep going if you want to. It just shows

00:02:30.680 hot dogs in Ontario, 15%. Bacon in Ontario, 19% increase. Manitoba, butter up 10%. Ground beef,

00:02:37.680 16%. Your province of Alberta. Yogurt up 6%. Bacon up 15%. Apples up 16%. Out in British Columbia,

00:02:46.020 we're looking at butter up 12%. Ground beef, 15%. Whole chicken, 16%. And the list goes on. That's

00:02:52.140 pretty incredible stuff. It's pretty depressing when you think about it. And what you have to keep in mind,

00:02:57.760 these are August numbers. Most updated inflation numbers are going to come out tomorrow, I think.

00:03:04.680 due out tomorrow. These are August. And this is before the energy shock has made its way through the

00:03:11.920 supply chain. So the high gas prices and high energy prices that add to every step of the production,

00:03:20.820 delivery, retail price has not made its way through the pricing yet. So I think we're going to be in for

00:03:27.740 a bigger shock tomorrow. And a month from now, as these things cascade through the pricing system,

00:03:35.160 if it's bad now, wait until truck drivers have to start paying, you know, $1.50 a litre.

00:03:42.360 Well, I think some reports, at least in the States and some in the Canadian media,

00:03:47.620 have already started to prepare people for higher natural gas prices this upcoming winter.

00:03:51.820 Yeah, well, it'd be good for Alberta's bottom line. But I've seen everything from a 400% to 500%

00:04:00.600 increase over last year. We've got shortages, of course, around the entire world. And the shortage

00:04:07.420 in Alberta, or sorry, shortage in North America. So we will see a big spike that way. People are going

00:04:13.700 to have to be paying a lot more to heat their homes, and paying a lot more carbon tax on that fuel as well.

00:04:18.640 And let's think about what we've done. Okay, so we've been spending. So the government of Canada

00:04:24.080 through the Central Bank basically printed $400 billion in the last year and a bit.

00:04:29.420 We're spending $424 million per day more than what we have. Couple that with the fact from 2015 to

00:04:37.960 almost the present, the federal government has done everything to stifle our energy industry,

00:04:45.640 one step after another. We're regulating our ports like none other. We've stopped the production of

00:04:52.020 pipelines, our ability to transport our energy from one end of the country to the other. All been

00:04:59.100 hampered one after the other. And now we're seeing the effects. We're seeing what happens when government

00:05:05.900 gets in the way of actual productivity.

00:05:11.000 And when I think consumers are going to pay the price for this, whether it's lack of pipelines,

00:05:16.720 down to the states, lack of pipelines, east, west, it's adding to the bottleneck, adding to

00:05:25.100 our prices and adding to our pain. What is remarkable is the liberals have done everything with the help of

00:05:30.860 the NDP and their power to stop the growth of our energy industry, our ability to make money.

00:05:37.260 But at the same time, we've seen, you know, rocket, you know, skyrocketing exports of coal

00:05:43.740 out of Vancouver of all places to China. And despite everything they've done, you know, oil is the 0.93

00:05:50.620 industry of the past, et cetera. If you look at various websites, what has been driving

00:05:55.900 Canada's recovery right now from COVID? It is the export of energy. It's twice the size of car

00:06:05.100 manufacturing exports, more than all of our, almost all of our exports combined. The last four months,

00:06:12.220 we've seen surplus, you know, trade surpluses growing due to oil and gas exports. At the same time,

00:06:20.780 we've got a liberal government determined to destroy this industry and stamp it out. But this is

00:06:28.220 the industry that is creating the wealth, creating jobs for Canadians. It's mind boggling. At the same

00:06:35.660 time, of course, we're bringing in oil from the US or Saudi Arabia, prices exploding. But here we have

00:06:42.300 a government doing everything possible to add to the cost that Canadians are burdened with.

00:06:48.780 And we've also, I know during the pandemic, when it first started, Parliament unanimously supported a

00:06:55.900 lot of these relief packages. But what the Liberals have done, and you've done a lot of investigating on

00:07:01.500 this as well, they've also pushed a bunch of other spending into this kind of the language of COVID,

00:07:09.420 right, they think that has nothing to do with COVID, that that has just gotten out of control. Hence,

00:07:14.780 why we're having this big, massive problem on where we're going to get the money. Taxation,

00:07:21.660 borrowing or printing. You can do one or the other, you can do a combination thereof,

00:07:25.900 but they do have consequences. You could debauch the economy, the currency, probably both at the

00:07:29.900 same time. And we're starting to see that happen. Yeah, very much so. I mean, borrowing is just simply

00:07:35.820 creating a future tax. This money, despite what people will say, has to be paid back sometime. And

00:07:46.380 it's paid back in higher taxes. It also, of course, leads to our inflation, which is kind of a hidden

00:07:52.860 tax on Canadians. Four percent, we are not seeing four percent increase in OAS. Canadians aren't seeing a

00:07:59.820 four percent increase in wages, but we're certainly seeing a four percent increase across the board.

00:08:05.420 And I don't believe that four percent actually includes the increase from energy costs. I think

00:08:11.500 that four percent is outside of that bread basket. So we have kind of a hidden tax of inflation caused

00:08:17.580 by these liberal policies, but also a future tax that's going to be borne by our children and our

00:08:23.820 grandchildren, either in higher taxes or a much lower standard of living. We've seen, you know,

00:08:30.300 some decent job numbers come out recently that our employment's back to where we were pre-pandemic,

00:08:37.020 but we still have the Bank of Canada planning on printing, basically, or buying government bonds,

00:08:43.340 a hundred billion dollars worth a year. They've talked about maybe reducing it from two billion a week

00:08:51.020 to billion a week, but that still, even if they do reduce it, that's still an extra 52 billion dollars

00:08:57.420 that they're putting into the market or into the economy that, according to maybe some of these

00:09:04.700 job numbers, is not all required. Certainly, some industries haven't required fully, the restaurant

00:09:10.220 industry, hotels, some tourism, but by and large, just opening the floodgates that the liberals have been

00:09:16.540 doing for the last while, I don't think it's the solution. It wasn't the conference, it was Bank of

00:09:22.620 Canada did a survey and the experts, they said they've priced in into the bond market, they're

00:09:29.820 expecting three rate hikes over the next 12 months. Do you think what that's going to do to any mortgage

00:09:37.340 holders, anyone trying to buy a house, anyone who's paying for a house or a car, addicted to the low

00:09:43.100 interest rates? Well, this inflation is going to force rate hikes, and the Bank of Canada survey

00:09:49.020 shows people are expecting three rate hikes in the next 12 months, and even if they're going to pay.

00:09:55.740 Absolutely. I think there's some on the left that believe that if you just print more money,

00:09:59.420 you have more money, and life is good. Yes, of course, right? But it is, like you mentioned,

00:10:04.940 the backdoor tax that some people don't see until it's too late. When we went through the list

00:10:09.660 at the beginning of the program, of some of the inflationary pressure, and like you mentioned,

00:10:14.860 the natural gas, the energy that hasn't, but every dollar that's in circulation, it buys less.

00:10:22.300 Like your savings aren't worth as much. It really is something that you don't really see at the

00:10:29.340 beginning, but once it gets there, you all of a sudden realize that my shopping cart isn't as full

00:10:35.340 as it once was, and it costs me a lot more. Yeah, no, very much. And who is it that can least

00:10:43.740 afford all of this? Our lower income folks, people on fixed incomes, are going to the grocery store,

00:10:51.020 going to the gas station, getting their cell phone bills. Everything is going through the roof,

00:10:56.540 but not their wages, not their pension money, not their support. It's not a recipe for

00:11:04.380 a healthy economy or a healthy society.

00:11:09.820 So, we have parliament going back, I guess, November 22nd, which is absolutely incredible.

00:11:15.820 Of this year? Yeah. Of this year?

00:11:17.660 It almost seems like Justin Trudeau does not want to work at all. November 22nd. We have crisis after

00:11:24.300 crisis in this country. And Justin Trudeau just does not want to get back to work. We should be

00:11:30.060 dealing with this in parliament on a strategy forward. In my opinion, it doesn't include more

00:11:35.500 government or more regulations or trying to cure cancer with more cancer. We should be coming up

00:11:41.180 with solutions that can bring down the affordability levels, get the spending under control and restore

00:11:47.900 some sanity to Ottawa. Yeah, very much. I think parliament should be sitting.

00:11:51.820 And you said November 22nd, but keep in mind, that's only for one day to choose a new speaker

00:11:57.500 and then a phone speech. Then the Liberals will probably break again for maybe one day in December.

00:12:03.500 So, we won't be really meeting in the House probably to the end of January. So, that could be

00:12:10.940 six, seven months between the election and we're actually sitting. And by delaying this, it also stops

00:12:16.940 the committees from reforming. So, the Finance Committee, the Ethics Committee that has spent so

00:12:22.140 much time studying the corruption within the Liberal government, whether it's the We scandal,

00:12:27.260 the SNC scandal. None of those committees will be working until the House sits properly,

00:12:34.220 which we could see maybe till February. So again, yes, we've got an inflation crisis on our hands. We've got

00:12:41.580 fourth way of COVID going on. We've got international problems, whether it's Afghanistan,

00:12:48.140 dealing with Chinese aggression. And here we have the priority of the Liberal Party is sending the 0.99

00:12:54.380 Prime Minister off to Tofino to go have play in the water instead of actually working for Canadians.

00:13:02.700 I find it frankly disgraceful. And I don't think there's a kinder word for it than that. The

00:13:10.220 country, you know, we just went through an urgent election that had to be called right away. And now

00:13:17.260 we're happy just to sit with a basically a caretaker government with bureaucrats behind the scenes,

00:13:24.220 playing away instead of the government. And heaven forbid when the government does get back,

00:13:28.620 we've got a Prime Minister who says he's not interested in monetary policy. Well, it's not

00:13:34.940 true about inflation out of control. He was very clear about that on the campaign. The Bitcoin people 0.99

00:13:40.300 are probably ecstatic, but you know, everyday Canadians, you know, are in for a rough time.

00:13:46.220 Yeah, those trying to run away from government's manipulation of the currency are rushing to

00:13:50.140 different sources of currency like the cryptocurrency. But it does go to what we talked to, you mentioned at the

00:13:57.100 beginning, from 2000 to 2015 to 2019. When the government had a balanced budget, and immediately

00:14:05.820 turned on the tap started spending, what did we spend most of the time on? Hey, by the way, you don't

00:14:10.460 need to, you know, fire up the credit card yet. Bad times might come, because they always do. We should

00:14:15.980 be saving, paying off some debt and preparing for this. Of course, Justin Trudeau had no, no looks at

00:14:23.980 that kind of avenue. But I just started firing up the credit card piling on the debt. And of course,

00:14:29.180 the pandemic happened. And, and we were caught off guard. We're in our wiggle room went down. And here

00:14:35.260 we are, as you mentioned, issuing bonds, the Bank of Canada buying them with basically printed money.

00:14:39.500 And here we go. Yeah, well, it's it's continued lack of seriousness of this government. I believe

00:14:47.900 everything they're doing is former virtue signaling, they're happy to go and make an announcement,

00:14:53.740 but actually getting things done. Oh, we'll leave that for other people. And nothing seems to be

00:14:59.500 getting done like billions and billions of spending. If we were building hospitals with it, or this and

00:15:05.820 that. Yeah, it'd be all for that. But it's money that just seems to blow the door without any,

00:15:13.820 you know, oversight, we heard billions $20 billion of wage subsidies went to companies who market

00:15:21.420 capitalization increased half a trillion. Like one of my favorites was taxpayers gave Lululemon hundreds

00:15:29.500 of millions of millions in wage subsidies. At the same time, their market capital or capitalization,

00:15:34.380 their stocks went up so much, they're up to $45 billion of value. We subsidize communist Chinese 1.00

00:15:42.380 state-owned banks, communist Chinese state-owned airlines. We subsidize hedge fund managers.

00:15:49.100 Instead of finding those really in need, perhaps the small restaurants or hotels,

00:15:54.460 whose staff were struggling to stay open. Oh, no, we're not going to help them. But they

00:16:00.780 throw the money out to all these others. And it's, it defines logic, you know, what they're doing.

00:16:05.580 Well, it does, but it just comes back to they're not as serious. They're just not serious.

00:16:10.460 But I think they actually define success as the amount of money they're spending.

00:16:14.220 Very much so. It's funny, one of their own independent senators had commented about that on their

00:16:21.820 infrastructure spending, the historic once in a generation, $120 billion infrastructure that

00:16:29.180 they talked about so much. The report came out, their only measurement of success was how much

00:16:35.020 money they could spend, not how many roads built, how much productivity was improved, how many jobs

00:16:41.020 created. Their measurement for success was how much money could they spend, which is great if you're

00:16:46.380 a drunken sailor. But if you're a government handling taxpayers' money, well, you know, it's not such a

00:16:53.580 great thing. Well, even the infrastructure minister, the former infrastructure minister,

00:16:58.220 Catherine McKenna, didn't her department lose track of tens of thousands of infrastructure projects,

00:17:02.540 couldn't figure out where the money actually went?

00:17:04.460 Very much so. The parliamentary budget officer couldn't figure out where it went. Auditor general's

00:17:11.260 trying to find the money. The Senate committee couldn't find where it went. You know, one of

00:17:16.220 my favorite examples is start of COVID, the government gave an untendered 1.00

00:17:24.140 contract to SNC-Lavalin. They have the lab scam fame, $150 million to build field hospitals.

00:17:33.500 None of the hospitals got built, but they got the money. And we were asking, well,

00:17:37.740 who asked for it? Was it the provinces were asking for help? Nope. Did public health agency

00:17:44.060 ask for them? Nope. Well, who asked for these hospitals to be built? And the answer came back,

00:17:49.980 well, public works. Well, who in public works? Well, it wasn't anyone. It was just public works.

00:17:55.660 And it's like, well, I didn't realize that the Department of Public Works was some sentient being.

00:18:01.180 I think, perhaps like from the Terminator movies, but $150 million gift to a very liberal-friendly

00:18:08.940 company that was convicted for donating over $100,000 illegally to the liberals for field hospitals

00:18:17.180 that no one asked for and never got built. But you can multiply this by a thousand times when you

00:18:22.620 look through the liberal spending. It's frightening. Well, during the height of the pandemic, I think they

00:18:30.220 paid a liberal-friendly firm for ventilators, something they had not actually even made before.

00:18:35.820 It was new to them. Yeah. The famous Frank Bayless, money was given to his company for

00:18:43.580 ventilators as companies never made before, but also for a design that had not been approved in

00:18:49.660 any jurisdiction in the Western world or the civilized world. That's amazing. And I think just

00:18:58.220 recently, I remember reading, this is by memory, but I believe he, Todd Bayless, actually sold his

00:19:02.860 company for, I think it was well over a billion dollars. Sold it to a US company for over a billion

00:19:07.580 dollars. That's absolutely incredible. Your money at work, folks.

00:19:12.620 That is absolutely incredible. This is a thing we talk about so much as

00:19:16.860 liberals looking after insiders. And that's very much what we're fighting against and very much why we

00:19:24.700 need the committee sitting and why we need parliament sitting and very much why Trudeau doesn't want

00:19:30.860 parliament sitting. Of course, there's the issue of the Winnipeg lab where the two Chinese scientists

00:19:39.820 had been fired and walked out of the building, the investigation of that, where parliament ordered

00:19:46.220 the documents released. And I think that was one of the big reasons Trudeau forced the early election.

00:19:52.140 It killed, you wanted a majority of parliament so you could override that parliament's ruling that

00:19:57.980 they released those documents of what happened in the Winnipeg lab. They actually went to court,

00:20:04.540 first time in commonwealth history that government has gone to work or gone to court and basically sued

00:20:12.380 the House of Commons to prevent the will of parliament. And good for Speaker Anthony Rodebeck standing up and

00:20:18.620 saying, no, that parliament is supreme, or at least it should be.

00:20:23.180 Very much so, yeah.

00:20:24.460 Well, Kelly, we've gone a bit over time, but this has been a very interesting topic. I always

00:20:28.460 give the guests the last word. I'll turn the floor over to you.

00:20:33.020 Great. Well, I would just say to the folks in Edmonton West, thanks for trusting me again,

00:20:38.780 and it's an honor to serve. And I have to say, it's been an honor to serve with you, Jamie. You're one of the

00:20:44.380 brightest, best members of parliament outside of Alberta.

00:20:49.100 Somebody wants to return to the show again. All right. Well, I appreciate that. Thank you.

00:20:53.020 Next time, don't dress as well. We hope you've enjoyed the program. That was Kelly McCauley,

00:20:59.580 member of parliament for Edmonton West. We do appreciate your participation and wealth of

00:21:03.340 knowledge and the amount of work he has done in committee. He has uncovered some pretty scary stuff

00:21:08.540 that the Liberals are up to, lots of corruption. Just follow Kelly's work.

00:21:11.580 Now, if you do like the content you just listened to or watched, please like, comment, subscribe,

00:21:18.860 share this program. You're not getting this information out in the mainstream media, folks.

00:21:22.860 We need your help to reach someone in your social media network that might be open to this. And of

00:21:27.340 course, if you can't watch it all now, download it later on platforms like CastBox, iTunes, Google

00:21:31.740 Play, Spotify, you name it. It is out there. We do appreciate your time. And because of that,

00:21:36.060 new content every single Tuesday, 1.30 PM Eastern time. Thank you so much. And always remember,

00:21:41.260 low taxes, less government, more freedom. That is the Blueprints.

The Blueprint: Canada's Conservative Podcast - October 19, 2021

Rising Prices in Canada

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