The Inflation Crisis
Episode Stats
Words per Minute
173.94305
Summary
Inflation is the root cause of the current housing crisis in Canada, and it's time to wake up to the fact that we have the second highest inflation in the G20, higher than many non-G20 countries, and higher than any other country in the developed world.
Transcript
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share this program help us push back against the ever-moving liberal agenda if you can't watch
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or listen to it right this second you can download it listen to it on platforms like castbox itunes
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google play spotify you name it it is out there and without further ado we have pierre paul you
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have the member of parliament for carlton he's also the shadow minister for finance coming back
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on the show to talk about just inflation great to be with you well this is something that i think a
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lot of people were looking forward to because they've seen your performance in the house of
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commons lately and they they can see that you are pushing back on something many of the so-called
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experts in the media seem to want to talk away over and over again that that it's not even happening
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like it doesn't exist well that's that's the irony is that all of the same experts who claim that
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covid would cause deflation now blame it for inflation all of the so-called experts who told us
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inflation would never happen now claim to be able to tell us why it's happening of course these people
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are motivated by their ideology rather than the economic sciences i was able to predict this
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inflation back in may of 2020 over a year ago for a very simple reason i saw the amount of money the
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government was printing and i knew that it would lead to inflation as it always does and sure enough
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here we are we have the second highest inflation in the g20 higher than many non-g20 countries as well
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saudi arabia switzerland singapore south korea india china japan australia germany netherlands italy
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france uk and countless other countries had printed less money and they have less inflation but of
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course here in canada we followed the ridiculous example of the americans who run these god-awful
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deficits and pay for it with printed federal reserve money and of course we're getting the
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same result we joined with the americans to have uh the among the highest inflation in the developed
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world well since you did talk about the americans that we got a graphic here from the federal reserve
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bank in uh in st louis basically talking about the joys of rationing when they should be looking after
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the inflation crisis that that they created um we also have been dealing with this for quite some time
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the housing crisis that has been slowly creeping up and and i'm going to post a graphic too that was uh
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you posted actually on your social media that showed that when the crisis hit when the pandemic hit prices
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actually dropped for a few months but you can explain it better than i can what triggered that huge
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and continuing rise in house prices well you're quite right housing prices should have dropped during
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covet uh why because wages with which you buy houses dropped and immigration was reduced to almost zero
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also cutting demand uh so you would expect that house prices would actually moderate in fact they did for
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a few months in uh march and april of 2020 then the federal government began printing cash like crazy
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flooding the financial market with 400 billion dollars of newly created money that money starts in the
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financial system and it trickles down uh and mortgage lending went up by 60 percent to
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uh home buyers and 100 percent to investors which boomed uh balloon demand and increased housing prices by
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over a third in that time so we have a massive house price inflation that is the result of the
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the same cause of all inflation which is more money chasing fewer goods which leads to higher prices
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so the government's answer to this seems to be hey we're coming up with a daycare program
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so it's the failure of the government to solve a program is another government program and here we
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go again more deficit finances the planners every time the plans fail the planners will keep planning
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says renal dragon that's right they cause a housing crisis by flooding the market with cheap cash and
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ballooning and inflating house prices and then they say well this is more proof that we need a government
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program to solve the problem that government caused um what else is new uh it's as though that more of
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the disease is the cure um no of course not the answer is less of the disease which means stop printing
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cash stop flooding our financial and mortgage markets with easy money so that house prices can moderate and
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people can afford to buy a home i know you have to go because you have a speech at 140 that's why we
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started a little early so i'll just quickly go on this about the the oil and gas how what we do in
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canada is some of the best in the world we have joe biden in the united states the president of the
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united states begging opec countries to increase their production and we have what's the first thing
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he did he canceled keystone xl so i don't understand how when we're being warned about shortages and price
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increases in our natural resources in our energy the idea now for joe biden is to raid the strategic
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stockpile of reserves which has to be replenished instead of begging opec i don't know how importing
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opec oil makes everything green it just doesn't make any sense you have a domestic supply you have
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canada with a supply let's be energy independent north america yeah that is the irony that while
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biden begs opec for oil and has dipped in to take out 50 million barrels of oil from the u.s
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strategic reserves trudeau couldn't convince them to approve a pipeline from canada i don't think
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trudeau could convince the thirsty in a desert to take fresh water for free it ought to have been that
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easy to convince the americans to get that pipeline built but what do you know another failure to defend
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our workers and our jobs even in a time when our neighbors are using more and more oil
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all right pierre i know you have to run downstairs to the chamber here what what uh what's the
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solution here i always give the guests the last word maybe you can talk about what conservatives
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differently what we can do to help uh slow the inflation i know we're not in power but uh what
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would we be offering canadians to slow this mad inflation rise that we have
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well stop pouring gasoline on the fire you know when you print money and run deficits you
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cause the inflationary fire to burn hotter and bigger and that's what this government is doing
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and so that's the first thing instead of creating cash let's start creating more what cash buys
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build pipelines to create uh and transport more affordable energy um unleash our builders to produce
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more affordable housing uh get the carbon tax and other red tape off our farmers to grow
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more affordable and nutritious food in other words make more cost less paychecks not debt
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i love it pierre you do have a speech at 140 so i will let you go uh justin trudeau talks often
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about build back better i think we should just build something that would be nice anything thank you very
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much i would love more time with you but i understand the speech got moved around you have to go
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thank you very much for your time we'll have him back to talk more in depth about these issues
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about the spiraling just inflation hashtag just inflation if you want to listen to pierre's speech
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he's going to give it in about seven minutes time in the house of commons i'm sure it'll be up on
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his social media feed please check that out jamie tell your listeners as well that they should take
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pictures of exorbitant prices that have resulted from inflation post it online with the hashtag
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justinflation that's a fantastic idea okay thanks a lot everyone great to be with you love the podcast
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jamie thank you pierre for being a guest we appreciate your time hopefully you're not too
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out of breath running out of the chamber okay thanks all right pierre has a great idea please
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uh check that out please post what you're seeing in the price increases it could be everyday items
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it could be a variety of things please post that with the hashtag justinflation we'll start to show that
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what the government is doing is actually causing the problem on funneling all this cheap money into
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the system so we'll talk more about that in a future episode we've got lots more going on pierre
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is just going to the house to do a speech on this just inflation we do thank you for joining us we'll
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have new content every single tuesday 1 30 p.m eastern time we did start a bit early we do apologize but
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of course things get moved around and pierre had to move his time and when he was speaking again
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check that out question period is at 2 15 in the house of commons always a great time when you're
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you're questioning the liberals and trying to push back and as i said fight back against the
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ever-moving liberal agenda again if you can like comment subscribe share this program we would
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appreciate that we know there's someone in your social media network that would be open to hearing
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this message and this is good content they they definitely are not getting in the mainstream media
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if you can't listen to it download it later on on platforms like cast box itune google play spotify
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it is out there thank you so much for joining us as always remember low taxes less government