The Critical Compass Podcast - ICYMI： Canada ⧸ USA Trump Tariffs Threat w⧸Martyupnorth Livestream Recap

00:00:00.000 yeah the interprovincial trade barriers we can't even estimate the number you know like there's

00:00:06.480 there's different standards for trucking companies in every province you leave from one province to

00:00:11.280 deliver to another province you have to do paperwork all along the way there get way

00:00:16.000 bills across the place you can't buy alcohol i'm an engineer i have a ring i can't practice in

00:00:22.320 quebec or any other province even though i'm i'm i'm sanctioned here unless i pay them money to do

00:00:28.160 that um it goes on and on and on yeah and and like our country we're worried yes we were

00:00:35.440 worried yeah we were worried about 125 billion dollars we blow that all the time

00:00:50.800 uh welcome to this uh critical compass live stream we're uh lucky enough to have uh marty up north

00:01:03.920 with us again and uh we are today going to discuss probably a lot of things but the the at least the

00:01:10.720 excuse for getting together today is tariffs this was going to be a whole lot of a lot spicier of a 1.00

00:01:15.600 of a live stream uh until about i don't know what it was three hours ago the afternoon yeah yeah

00:01:21.920 yeah yeah so but hey i mean i guess it's a good thing but marty what uh i don't know give your take

00:01:28.480 on this like for for people listening who just kind of vaguely understand the term of what you know what

00:01:33.680 we're talking about here what is what is a tariff uh a tariff is is you usually countries will impose

00:01:42.960 a tariff on another country to prevent um to diminish competition on a good that they already make

00:01:52.320 coming into from other countries so as an example um canada makes aluminum we make aluminum and and

00:02:00.640 we want people to buy our own aluminum and if there's another country that has aluminum and they make

00:02:06.160 it really really cheap compared to us let's say china then we would uh our government could impose 0.79

00:02:12.560 a tariff on aluminum coming from china and what that means is that uh you know if i'm the guy who's

00:02:20.080 building trucks and i need to build an aluminum frame for my truck they're encouraging me to buy

00:02:26.560 aluminum from canada and and and if the aluminum from the from from china is cheaper

00:02:34.000 when they impose a tariff on it they artificially make it more expensive so they're kind of forcing

00:02:38.880 me to go find the loom to buy local and so it's usually limited for that like very limited so in

00:02:45.120 canada we've had tariffs against the americans for a long time like we we tariff the out of their

00:02:51.120 dairy products we make it completely uncompetitive for an american to sell cheese or milk to canada

00:02:59.200 like you never see it on the shelves supply management right in that in this case i mean

00:03:03.600 in this case we call it like the dairy cartel because the tariffs that we impose on china were

00:03:08.160 like 200 so so if a china so if uh if an american wants to sell me a liter of milk he has to be like

00:03:16.160 200 cheaper he has to sell it to me for 50 cents i'll buy it for 50 cents and then the government will

00:03:22.080 slap another buck on it and and and if that's the case and it's still cheaper than the canadian one

00:03:28.240 well then so be it so so that's an example of a tariff and and when donald trump said that he was

00:03:34.240 gonna impose tariffs on canada and other nations he said it he said this like this is a policy of

00:03:41.840 his right he said it in uh he said it during his debate with kamala harris like four months ago he said

00:03:47.600 it in his inauguration speech he hinted at it all along but he wants to use he wanted to he wanted

00:03:53.680 to use tariffs not to necessarily um well no he wanted to use tariffs to force his own people to buy

00:04:02.400 local and not to buy from canada and and and that's a that's a crazy idea because they're already

00:04:09.280 getting crazy deals from us like you know our dollar is worth like 70 of their dollar and we're an

00:04:15.840 exporting country and they're buying from us things that they already need so the whole idea when when

00:04:20.800 when donald suggested tariffs like initially i was not worried about it like i i thought it's an

00:04:28.000 interesting concept but i i wasn't fundamentally worried so it almost seems like if not for the benefit

00:04:36.080 of forcing local um reliance on local american products it almost feels like it's partially a

00:04:45.440 power move and also partially to set the tone and to create a reaction that he's in the driver's

00:04:53.840 seat and he's starting these ripples and now we're seeing everybody react in real time oh yeah absolutely

00:05:04.000 yeah yeah i mean uh you know let's go back to his original like when he first mentioned tariffs

00:05:10.800 he kind of mentioned it in the context of you know um that they would bring in extra money that's one

00:05:16.240 thing right so he he talked about like other country he uses a weird term right like he's he talks that

00:05:22.240 they're subsidizing other countries i disagree with that i mean you know like he

00:05:29.280 very marginally like on paper the americans buy more from us than we buy from them so he used the term

00:05:35.600 you know we're subsidy we're subsidizing canada's like well no it's a trade imbalance but your

00:05:40.080 your economy is 10 times bigger than ours ours so you're always gonna so so he used the term um you

00:05:46.800 know he he he was upset that we were that they were subsidizing other countries he also

00:05:53.440 balanced the idea of tariffs as a way to finance the government and be able to perhaps lower the taxes

00:06:00.720 on his own citizens and yeah and then he also used you know he he talked openly about the fact

00:06:06.640 that america used to be a powerhouse when it came to manufacturing and things like that and they'd lost

00:06:11.120 the the lead on some of that you know manufacturing was now occurring in china and india and places like

00:06:16.400 that so he wanted to use tariffs to to for for multiple reasons to regain advantages to re to kickstart

00:06:24.560 industries that had disappeared and to generate extra money so and and and those ideas i'll you know i'm

00:06:31.920 not an economist but those ideas are old i mean in fact when he was talking about this like he kept

00:06:38.000 referring to one of their old presidents like mckinley did this it's like yeah mckinley did that in 1920

00:06:44.080 like you know like the the world of 1920 compared to today like it's it's not the same way so um but so he

00:06:54.240 did that for that but but but to your point james yeah he also you know everybody talks about trump

00:06:59.440 and his book the art of the deal and and and and other things and yeah like in hindsight when i look 0.96

00:07:04.800 at i i i tweeted about this today it was a wicked uh it was a dick move it was a bully move it was a 0.94

00:07:12.000 power move right and um you know this morning you know canada's like we're going like we're breathing 0.95

00:07:18.640 a sigh of relief he sent us a clear message but think of them and we're his best friends right or

00:07:25.200 supposedly we're some of his best friends where the we're we've been allies through whatever three wars

00:07:31.440 think of the message it sends to um to ukraine to saudi arabia germany to to south africa to brazil any

00:07:40.800 other country that he's going to do business with in the next year or four years you know like if i'm

00:07:46.400 willing to squeeze my neighbors my best friends my cousins then what am i willing to do to you guys

00:07:51.840 right so it was a pretty pretty awesome power move yeah and if that's for sure now i want to say

00:07:59.440 something i i i know you're having something i'm having uh i'm having an amer i'm having an american

00:08:04.880 bourbon right now and uh i tweeted about this today um you know some of the stuff we saw the other day

00:08:11.680 like canadians booing uh at hockey game stuff like that sure it's it's it's emotional and there was

00:08:17.440 some reflection to that but no hard feelings right it's business business is business um and so yeah

00:08:25.200 that that that was my message to americans well played trump well played and uh hopefully no hard

00:08:29.920 feelings we got the we heard you we heard you loud and clear and uh and then let's move on well and

00:08:36.880 what i heard as well is that and i don't know how much truth there is to this but i can i can see

00:08:42.080 a world in which this is the case i mean one of the you know canada did come forward with at least

00:08:48.320 kind of like a skeleton of a plan kind of mid-december you know about a you know two three weeks after the

00:08:53.920 initial tariff threats and they said you know we'll commit this amount of money and we'll commit that

00:08:58.640 amount of money and then uh trudeau went on a ski vacation and then resigned and prorogued parliament

00:09:06.640 and so nothing like no monies were allocated not nothing was actually like uh you know instantiated

00:09:13.440 um so this final threat here you know last weekend was was kind of the you know we came forward again

00:09:19.600 with uh yesterday apparently with a very similar plan but with much more uh you know concrete numbers

00:09:25.360 10 000 border agents whatever and um interestingly one of the new uh additions to that that plan was a

00:09:34.240 like a joint american canadian task force kind of yeah yeah yeah and so so i i was reading some

00:09:42.000 comments where people were saying like i think it was jason james i think is his name uh we follow him

00:09:47.280 on x he he's a he's a good commentator um he was saying that like maybe this is a maybe what trump

00:09:53.600 actually wants is to like get a little bit of insight into just how captured the canadian government is

00:10:00.080 with chinese interests maybe this is like an insider play to kind of like really understand what he's

00:10:05.440 dealing with oh yeah well i mean we're like first of all yeah like trying to trying to get into trump's

00:10:11.280 mind right now is impossible right like none of us like i mean it always yeah you can analyze it yeah so

00:10:17.200 earlier we talked about on the surface why would you use tariffs so you would use tariffs economically for

00:10:23.360 a small game but you can use tariffs or sanctions as punishment right we do that to other nations like 0.85

00:10:29.280 we've done you know we did it to iran and other countries like it's it has nothing to do with um

00:10:35.120 with uh helping our own economy like when when iran 20 years ago misbehave and did something we'd say

00:10:41.120 well we're we're we're doing an embargo or we're sanctioning you or we're doing stuff like that so

00:10:46.560 so yes trump also simultaneously the tariffs look like they were a bit of a a sanction or a punishment

00:10:55.040 for not doing something he asked us to do and one of the things yeah one of the things he asks is

00:11:01.280 secure your border and and and and i'll admit like when he when i heard that when i heard him say that

00:11:07.520 like uh whatever two months ago um i was i was a little taken aback by that right i mean if you think

00:11:14.720 of an americans and their and which border is giving americans grief like the first one that

00:11:20.400 comes to mind is mexico right but then i looked into our border and then you realize yeah yeah there

00:11:26.640 is a you know there is a fentanyl problem there is cartels cartel like we're gonna actually not

00:11:32.720 cartel like there's cartel organizations in canada in vancouver in toronto yeah the chinese yeah absolutely

00:11:40.480 so did he use did he use the sanctions as a as a threat or a form of punishment sure absolutely um

00:11:49.200 and and then uh he he also used the sanctions as um as he could have used them as a bargaining chip for

00:11:58.000 for for because we also know that the nafta i keep calling it the nafta agreement the north american free

00:12:03.440 trade but the the free trade is is due for re renewal like in july so yeah i mean there was

00:12:10.800 there's lots there's lots at play i'll even go this far to to to the whole chinese interference thing

00:12:17.680 um yeah i think there's a quite a bit of value in there or not value a bit of um validity in that like

00:12:26.320 you know trump trump 1.0 when he got elected eight years ago one of his mandates then was like i'm going to

00:12:32.800 clean up the swamp right i'm going to clean up the swamp and and then he started cleaning up the

00:12:37.600 swamp then he lost that election biden came in now he's finishing this he's finishing cleaning up the

00:12:42.720 swamp he's doing it in his own territory but i think while while cleaning up the swamp he looked north he

00:12:49.040 looked elsewhere and he saw canada he's like you know you guys got a little bit of swamp in uh

00:12:54.560 pretty swamp pretty swampy i'm gonna go he doesn't like trudeau like i don't think there's any uh

00:13:00.160 love loss between those two so yeah one one thing i'm noticing is um as this unfolds there's going to

00:13:08.880 be things pushed into the collective consciousness that will be impossible to ignore and i'm curious

00:13:15.680 for us to observe like well what did the conservatives say about some of these issues what do the liberals

00:13:21.280 say and then i want to see how the story changes and then see if there's backpedaling or see what

00:13:29.040 unfolds with maybe they'll speak their mind and they'll claim something like well yes we put in a

00:13:35.920 border plan but look 90 of the weapons like that criminals use come from they're smuggled across the

00:13:43.600 border they let that one slip through and then like well what does that mean for our our gun laws here in

00:13:52.400 canada as they try to double down and justify one thing it reveals more in other areas so we got to

00:14:00.400 be hyper vigilant to observe and to really call it what's happening yeah well the the border one again

00:14:07.120 that was an interesting one because he was he was sort of okay let's say there is a problem with the

00:14:12.960 border it's a two-way street right the border like people cross the border so it's like yeah you want us to

00:14:19.040 stop people from going into your country but you can also stop them from coming into your country 1.00

00:14:24.160 like the last time i looked actually you're free to leave canada and you're stopped when you enter

00:14:29.680 the us and vice versa so when he was complaining that but but that's not what he wasn't complaining

00:14:35.680 about that i mean what he was complaining about when he looking at the border is is is the bigger

00:14:40.000 picture which is the stuff that we make here that we're allowing across the border but to your point

00:14:45.680 we could have easily said sure there's drugs going in from our side to your side but you're sending us

00:14:52.560 guns but then he could argue the guns and made in are not illegal whereas the drugs are illegal we we

00:14:59.920 can get into semantics but um yeah boy i mean i'm glad we have an hour because we got a lot to unpack i

00:15:09.840 mean there's a there's like a ton ton pack like which way do you guys want to take this like we

00:15:15.360 can go in all sorts of oh man anyway like anyway whatever whatever feels right okay um let's let's

00:15:24.240 let's let's let's let i think on your train of thought james one of the things that um okay so that

00:15:31.360 so yesterday we get this good news right like i i fundamentally thought let's let's let what i would

00:15:36.720 have done is let trump say he wants to impose the tariffs because me pragmatically speaking you're

00:15:42.000 just going to hurt yourself that's what i thought and let him do that don't go with this retaliatory

00:15:47.520 language and and in fact don't do the retaliatory language go visit trump and ask him what you want

00:15:55.440 we immediately chose to go down like overwhelmingly like we all heard it last week team canada

00:16:01.840 nine out of ten premiers were all on board with retaliation they even started retaliating pull

00:16:07.040 pulling booze off the shelf canceling starling things and and whatnot i i saw yesterday as a win

00:16:14.560 because trump backed off temporarily on the on the tariffs and we have to come back on that because

00:16:20.640 yes i'm curious to see what happens in 30 days and i think there's technical issues there but i had

00:16:25.520 another win yesterday which is more closer to me as an albertan you guys know this i'm i'm i'm bored

00:16:32.320 like i'm an alberta separatist now i look at confederation and i don't think it's been working

00:16:36.720 very well and for me the events of the last three weeks like if anybody still thinks that alberta is

00:16:42.960 part of team canada like the like everybody had suddenly everybody had these revelations oh we should

00:16:48.800 have diversified the economy we should have had more markets we should have built pipelines we should have

00:16:53.280 you know they suddenly everybody wanted us on board to be team canada the tariffs got listed lifted

00:16:59.520 yesterday this morning they asked the premier of quebec okay so now after seeing what just happened

00:17:05.360 how do you feel about building a pipeline across quebec to help alberta and what did he say flat out

00:17:11.200 oh no way i'm like so uh to me i got a couple of wins this week because one of my big wins was to

00:17:18.720 was like you know uh what's the expression um in vino veritas right like in in wine comes truth or in

00:17:25.520 a good battle comes the truth like and i i think we saw some ugly truths this week the country is

00:17:31.440 has a hard time rallying around a common cause and the country's divided so it's team canada well but

00:17:39.680 not in that way but in this way yes it's conditional yeah i mean i i like i like listening to some of the

00:17:46.560 politicians today like there was one politician in particular the the the the liberal leader or

00:17:51.520 candidate uh ruby i don't remember her last name uh um anyways like dolly right yeah something like

00:18:00.640 that and and then she kept saying like oh the last 72 hours were uh an eye-opener seven she must have

00:18:06.240 said it five times in an interview the last 72 hours were an eye-opener an eye-opener eye-opener i'm like

00:18:10.880 an eye-opener we pay you guys big bucks you're a liberal you've been in power for 10 years and

00:18:17.680 you couldn't predict any of this like suddenly like what happened what happened this week is a

00:18:23.280 is a huge eye-opener for you and you're going to suddenly solve the problems the problems that we've

00:18:29.040 been like you know screaming about for years we should diversify the economy we should have

00:18:34.720 more than just the americans as partners we should have oil we should do this we should do that and then

00:18:39.840 to hear liberals this week saying it was an eye-opener and we need to fix that problem i'm

00:18:43.600 like wow like and then i don't want to pick on pierre too much but you know i found that pierre

00:18:50.880 when pierre got on board this um the the retaliatory tariffs i was like oh god you know you guys are all

00:18:57.920 going down the center yeah he had such we were talking about that yesterday briefly it's like we

00:19:03.760 he had such a perfect opportunity to just from the start say like what what daniel smith was saying

00:19:10.320 like hey listen i mean it's a it's a very simple ask what what trump was asking two months ago like

00:19:16.000 if if the border is so like if we're such a small portion of the amount of drugs and illegals entering

00:19:21.600 the us if it's so like insignificant then it should be easy to solve like why are you why are you risking

00:19:28.240 billions of dollars in a in a crashed economy if it could be just like whoa it's just nothing right

00:19:33.200 though it didn't make any sense from the beginning yeah if it if it is a huge problem then trump's got 0.96

00:19:39.520 a point if it's a small problem it can be solved so by it doesn't need this like dick measuring

00:19:45.920 content no and and i mean um lots of people brought up similar ideas but i you know i love twitter and

00:19:53.520 places like that because you can put out an idea and then and then either your tweet ages well or

00:19:58.400 it doesn't age well i've had a lot of tweets that age well in the last few weeks i mean like i would

00:20:03.920 have i i literally said a month ago why don't we designate somebody uh you know significant to go 0.69

00:20:10.800 negotiate with trump because it wasn't going to be true though he's a lame duck and he doesn't like him

00:20:15.280 i'm like pick somebody else don't pick jolie pick somebody legitimate send him to go meet with trump 0.90

00:20:21.440 and then work this out you know oh you don't like our border done we'll fix that you don't think uh

00:20:27.120 you don't like we're not spending two percent of our gdp on uh on uh the military our bad you're right

00:20:33.760 donald sorry uh what are we short 50 billion i can't do it next year but tell you what how about

00:20:39.520 i do 25 billion dollars is that okay oh better yet i'll do 25 billion dollars in the next couple years

00:20:45.920 and i'll buy everything i need from you guys i'll buy a frigate from you guys 180 jets

00:20:50.640 and maybe a whole pile of ammunition is that good enough oh and you're worried about um greenland and

00:20:57.280 the russians tell you what here's a thousand square kilometers of prime real estate in labrador

00:21:01.600 build a base knock yourself out man like this could have all been negotiated and maybe that's what he

00:21:07.360 wants right maybe that's what he wants and he he just goes for the jugular and then backs off and then

00:21:13.360 and then we'll see the real negotiation but um because i mean the concessions he got from us

00:21:18.560 right now are what like you know trudeau comes out he he rehashed a plan he he published like

00:21:25.280 december 18th like we're going to do 1.3 billion dollars over three years ooh that's 130 million

00:21:30.480 dollars like what is that like you know that's arrive can every year like we spent more than that on

00:21:35.680 the arrive can app and um yeah and and and i want to dissect that i don't think he can i don't even

00:21:42.240 think he can deliver that 1.3 billion dollars in the next 30 days i i oh i very much know because i

00:21:49.440 went i went in detail through the budget the money's not there man like he won't be able to

00:21:54.560 the best that trudeau can do in the next 10 30 days is we can deploy the military along the

00:22:01.600 along the border like can he can call the the vandus and the the ppcli and just send like you know

00:22:08.320 a thousand guys like the americans are doing on their southern border we can we can set up a couple

00:22:12.080 of tents and send a bunch of guys and have people fly back and forth in our helip on our yeah in our

00:22:17.280 uh antiquated 50 year old sea kings and uh hopefully our vietnamese era helicopters yeah god well yeah

00:22:27.120 that's um that brings up a point about like uh when you when you talk about like getting getting wins

00:22:32.480 right like do i was curious to see what you think like do you consider when i was looking at how the

00:22:38.800 tariffs broke down right at the end there when he announced the difference in like 25 across the

00:22:43.760 board 10 on canadian energy would you do you think that that was a daniel smith win do you think like

00:22:50.160 when she went down and chatted with him like the reason why it wasn't 25 as well on canadian energy is

00:22:55.200 because she had some effect on that or do you think it was unrelated i think she had i hope i think she had

00:23:00.320 some effect i mean she didn't just like she she didn't just meet trump like during the inauguration

00:23:05.120 she was you know working pretty hard i think she had more effect with other people and and lobbyists 1.00

00:23:10.880 like oil industry executives um like realistically like the pictures of her and trump last week or two

00:23:19.360 weeks ago when she was at mar-a-largo or whatever like it was her photographer taking pictures and she

00:23:24.160 was publishing the pictures if trump really liked her he would have published the pictures like he did

00:23:30.160 for so many other people remember when he went to paris last uh for the reopening of notre dame like

00:23:35.760 he was all happy you know here's him so anyways i will let me collect my thoughts so she had some

00:23:44.560 impact more importantly i hope i hope she tapped guys you know the president of cnrl the president of

00:23:49.520 trans canada those guys and say you talk to your counterparts which they did but let's not forget trump

00:23:56.480 also does have really smart people working for him like he can he he like you know the that's one

00:24:03.600 thing i love about the american presidency like once a week he'll like he'll pull out his rolodex any

00:24:08.720 president can do this and say i want to see the senior guys from the oil industry in my office next week

00:24:14.800 and they'll be there and they'll talk to him so i'm sure the people who own the big refineries in

00:24:21.040 chicago and in the mid the midwest and then houston they got a hold of him and said donald by the way

00:24:27.520 and i know this because i worked on keystone right they they consume 12 million barrels of oil per day

00:24:33.920 they make nine and then donald said drill baby drill it's like donald you can drill baby drill but

00:24:41.920 not all oils are the same so the oil that you're short those three million barrels those four million

00:24:48.480 barrels you get from us actually he gets three million from us because we send four they keep

00:24:52.800 three and they send three one back up north to to ontario it takes a really so the three he gets from

00:24:59.120 us every day is very heavy crude that they burnt that they distill in their refineries to make diesel

00:25:07.280 and they can't make and so donald can drill baby drill all he wants he won't find that crude in his

00:25:13.680 territory he'll find a little bit of it in california but it's in california like you know

00:25:19.440 and then and then everybody said well then we can import it from venezuela that's fine you can so

00:25:24.960 you're choosing to import from venezuela instead of from canada a nato ally and you think that venezuela

00:25:30.800 is going to give you a great deal because you just canceled the deal with uh with canada and there's

00:25:36.880 still a technical problem because the oil that break if you brought in the oil from venezuela the

00:25:41.360 keystone pipeline that goes to all those refineries it's going in one direction so now if you brought

00:25:46.560 the oil so anyways if i know it trump knew it and his advisors knew it and somebody tapped him on the

00:25:52.400 shoulder and said maybe maybe we go 10 on oil so um because the other tariffs sure people could replace

00:26:02.640 you know what's what what do we sell apple juice he'll go get it from somewhere else lumber he'll get it

00:26:07.520 from somewhere else but i expected it on oil we could have crippled him and that's the other thing

00:26:14.160 i mean like we we think we're small we could have crippled him on a couple of things man the oil would

00:26:19.280 have been crippling like if we shut off the oil it'd be a bit crippling and our potash man if we shut

00:26:24.000 off our potash yeah holy smokes we thought i was totally yeah and actually i spoke to somebody else about

00:26:29.520 this i'll i'll give credit to is david parker where me and david had a chat on this like i asked david

00:26:35.440 because every election is one like on the mark on the edges right like even the even the trump election

00:26:41.440 looks like it was big it wasn't a big win man he still had to uh flip pennsylvania and wisconsin and

00:26:48.400 a couple of key states like that so i asked david i'm like if you if if you had to retaliate for real

00:26:53.840 where would you hit and he picked like three states with a where with about only a million votes but

00:27:00.960 they were mostly farmer states like it's like yeah you you you shut off the potash going to the to iowa

00:27:07.520 and uh and ohio and places like that man those guys will turn the farmers they'll turn on trump so fast

00:27:14.400 so luckily we didn't get there but we do yeah we did we did have a couple in the chamber i mean we could

00:27:20.320 we could technically retaliate yeah well yeah so to your original question danielle was diplomatic 0.94

00:27:27.680 god love her for that i'm not you know she she did a good job i don't think it was one-on-one with 0.97

00:27:32.560 trump but her one-on-ones with a whole bunch of other people and sending a bunch of energy guys 1.00

00:27:37.760 to to supplement what trump's own guys would have been saying to him for sure

00:27:44.160 yeah and when you say cripple the united states that would still have an effect

00:27:49.280 on us too like if we're not selling that so trade war discretion yeah it's mutually agree

00:27:56.160 yeah what's the term for nuclear energy um mutually assured destruction like why would we want to go

00:28:02.400 there i don't want to go there man like no so the the other thought is um i've seen a lot of

00:28:10.480 demonization of daniel smith for even going to the united states and having these conversations

00:28:16.880 and that to me is insane that she is actively embracing diplomacy and getting demonized for that 0.59

00:28:25.920 and that doesn't make sense to me the worst one was nenshi i think sorry james like keep

00:28:32.640 sorry to interrupt your thought but go ahead no worries yeah then she's just he again acting in

00:28:41.200 self-interest and what we're going to see more of is these things that get revealed it's going to be

00:28:48.960 used solely for political gain so even oil being as much of a big big deal right now and if they say

00:28:57.680 like well look at how critical like look at how much we're relying on oil and if we didn't sell this oil

00:29:04.000 that would cripple our economy then they'll just say well we need more wind farms we need more solar

00:29:12.480 and we need more evs so they're going to use it to continue to push their goals even though the reality

00:29:19.600 doesn't match up it's going to be used that that's what i'm most curious about is how all these

00:29:26.240 revelations are just going to be used to double i want to unpack that one in a second i'm circling evs

00:29:32.800 because we got to come back to evs but i i do like i i nenshi was disgusting like nenshi literally put 0.69

00:29:39.840 out a tweet two days ago that said albertans deserve a leader that will work for canada i'm like what

00:29:49.920 kind of mental gymnastics is that it's like no no no no no no no no albertans deserve a leader that will

00:29:58.240 work for albertans within the context of canada absolutely but if canada is not cooperating then

00:30:05.200 then like we don't bend to the rest of canada like people are saying they didn't like you know

00:30:10.000 oh congratulations trudeau you didn't bend to trump but bad danielle because you didn't bend to trudeau

00:30:17.600 well she should be on the same team as us i'm like maybe i'm on team trump for this one i don't know

00:30:22.320 right like oh nenshi's takes on this were brutal brutal brutal brutal and then she we should just be 0.66

00:30:28.400 happy that the tweet wasn't uh from nenshi albertans albertans deserve a premier who will work for

00:30:34.880 brussels yeah or for davos or for something like they may as well be might as well be i actually

00:30:39.680 that's a great str i i use that kind of example when i'm sometimes when i'm making a point i will

00:30:44.800 take somebody's tweet and just change one word in it we all do that right you change one word and you go

00:30:50.400 and then people go well that's disgusting i'm like yeah well yeah does the logic carry the logic

00:30:55.200 carries exactly so um i i want to go back to evs like yes that's that look at look at how the narrative

00:31:02.800 look at how the liberal narrative collapsed in not just because of trump but also because of the

00:31:07.920 election you know they're like suddenly they're moving away from the carbon tax they're moving

00:31:13.040 away from net zero they're moving from so a lot of things they're moving away is i i see three reasons

00:31:19.120 one they're moving to the center because that's where canadians are so they think they went too far

00:31:24.400 left so they're moving to the center they'll say they're moving on their own i think that pierre is

00:31:31.200 pulling them to the center but trump is pulling them as much right like right now anybody can say

00:31:35.760 whatever they want trump is this big giant mass in the middle of the continent and he's a he's gravity

00:31:42.480 he's a supernova and we're being you know lights not escaping so we're all so whatever policy you have

00:31:47.520 as an example when trump said um i'm canceling um uh dei policies or net zero like 14 banks followed in

00:31:58.480 suit including five here in canada said we're done with our dei policies instantly it's like wow what

00:32:03.840 was what why were you doing it in the first place wow you know and the excuse was always well it made

00:32:10.080 business sense or whatever it's like no it doesn't you did it because he did it so um so that lip and

00:32:16.400 so they they reversed that but yeah on evs like last week what did they say well we should impose a

00:32:22.800 like i i'm sure freeland said we should impose a hundred percent tariff on um on teslas i'm like

00:32:30.080 but but but but a month ago you're telling us that by 2035 all cars sold in in canada have to be

00:32:36.000 electric you know like oh my god yeah they were they were saying they could be built at that yeah

00:32:41.680 what's the expression that vw plant that's not going to exist yeah they were spiting themselves is

00:32:45.600 that the correct expression they were to uh cut off your nose to spite your face that's what they were

00:32:52.000 doing like they were you know yeah it was it was uh and and we gave the example of uh francois legault

00:32:58.720 who like a week ago was like hey we should all be team canada we should have diversified the economy

00:33:02.880 we should be selling oil to whoever and then the tariffs are gone can we build a pipeline across

00:33:07.520 quebec nope i mean the quebeckers the quebeckers buy canadian buy canadian buy canadian buy canadian

00:33:12.800 like he literally said uh in france if we could we have to we have to tighten our belts kind of thing

00:33:18.720 and we have to buy canadian and and for the next little while you know buy canadian buy canadian

00:33:23.760 as soon as the tariffs were lifted everybody's like okay well i'm going back to florida

00:33:28.320 nobody even left florida to come back home like there's a million quebecers in florida right now

00:33:33.120 a million of them million snowbirds wow and yeah telling me that i'm an albertan and i'm bad and i

00:33:40.240 should be on team canada while you spend six months of the year in florida okay sure like so

00:33:49.200 here's a simple little question how much how much the oil you like how much of the gasoline in quebec

00:33:56.160 is canadian about uh about 10 it's it's very minuscule so by canadian by canadian except in this

00:34:08.720 case yeah i mean the the oil in uh i have videos of this because i worked in quebec i mean you see

00:34:14.320 you see the little tankers coming up the saint lawrence right up to quebec city and then they

00:34:18.800 unload their crude there's a refinery in quebec city and there's one in montreal the one in montreal

00:34:24.000 can find a way to get some crude from the u.s but like i said it's taken a torturous pass from canada

00:34:30.960 um the ones in quebec city are getting all their crude uh up to the unfrozen section of the saint

00:34:37.840 lawrence and then i love this argument i mean people people in uh people in that part of the world say

00:34:42.800 our oil our gasoline comes from uh irving refinery in saint john new brunswick i'm like okay you got me

00:34:50.560 yeah you got me your gasoline is quote unquote made in canada but the raw materials for it came from

00:34:57.520 um dude i've had people say well quebec doesn't buy gasoline the refineries do or whatever i'm like

00:35:04.160 oh my god like people will oh yeah yeah yeah you get the same kind of where it's like well

00:35:13.280 these peppers were grown in argentina like packed in spain and then like now brought to canada and

00:35:20.480 like or or they're like they put a stamp on it they're like yeah they're canadian peppers because

00:35:25.360 we we touched them in one can like at one point of the chain oh that we did something and now they're

00:35:32.560 canadian the food the food industry is terrible for that right like packaged in versus made in versus

00:35:38.640 spin like they they play games it's uh yeah i wish we could put a made in canada sticker on the gas pumps

00:35:46.880 or or just where it's made that everybody in in quebec who lifted the nozzle had a little sticker

00:35:53.280 that says you know qatar uh saudi arabia whatever oman just just show where your gasoline came from

00:36:01.680 yeah yeah i wonder if that would have an effect on on how on people's perceptions because i i mean

00:36:07.920 i don't know what the what the average quebecer believes but you gotta think that like even even the 0.99

00:36:13.360 most like you know anti-albertan quebecer would would still probably prefer alberta oil to saudi oil

00:36:21.200 right like you you'd have to think that they've been yes you'd have to think they would they don't

00:36:28.080 they've been they've been soaked they've been conditioned to not even think about the fact that

00:36:34.320 they're burning gasoline like they they they they they justify burning gasoline by saying well we're

00:36:42.960 pretty green on everything else like i have like for them burning gasoline in a car is just a word

00:36:50.720 it's just a necessary evil and and and um at this point for them whether it came from canada or us or

00:36:59.680 uh saudi arabia is irrelevant for them both are bad and so since they're both bad i'll take the one 1.00

00:37:06.480 that's closest to us that's literally their way of thinking about it they've they've justified it in

00:37:11.840 their heads i mean like i talk about this all the time i i tweet about this about every six months

00:37:16.640 because it's i i love picking on quebecers they're like you know and um like they buy more they buy 0.93

00:37:21.840 more trucks than albertans do like you know like just that right oh just in sheer numbers man there's

00:37:26.800 like there's there's nine million quebecers and there's only you know five million albertans so

00:37:32.240 four sells more f-150s in quebec than they do in alberta and people go oh well that's on a per capita

00:37:38.000 basis i'm like i'm glad you brought that up you guys buy more quebecers buy more gasoline powered

00:37:43.040 vehicles per capita than anywhere else in the country they love cars man they love cars and then

00:37:48.400 and then trucks have outsold cars in quebec since 2014 but but when you show that to them they're not

00:37:56.560 hypocrites those are just necessary evils that there's no replacement we're good because in their mind

00:38:03.600 their their their environmental footprint is uh nine times better than ours because they got 0.58

00:38:10.240 electricity that's it like it's it's it's it's argument these are things that feel good on the

00:38:17.520 surface they're done because we're like well if we do a b and c then we're we're the good people

00:38:23.680 we're the moral and it's top down you just you kind of like assert what is moral and now it just

00:38:32.640 yeah i just assume that every every quebecer is driving a 1970s renault 10. they are actually they

00:38:38.880 not 1970s but they do again they love their cars like you go to quebec city like grande allée in

00:38:44.880 quebec city and it's a showcase of beautiful cars and and they tend to drive cars that we don't drive

00:38:51.200 you will see beautiful renos like renault makes nice cars and you'll see fiats and all sorts of italian

00:38:57.040 brands europeans quebecers drive more lots of sobs you drive all over quebec man there's sobs

00:39:03.600 everywhere i imagine right now it's full of deslas and um yeah yeah yeah interesting find a way to

00:39:10.640 convert all those classic cars into uh evs yeah yeah just somebody's working on that i'm sure yeah yeah

00:39:18.000 well there was a comment earlier i mean on here i wanted to go back to a point you said marty about um

00:39:27.280 uh uh this jet like the general shift towards the center in this uh from the liberal party in the in

00:39:33.680 commentary uh i can't i don't know if i can are we getting comments can i see the comments or

00:39:38.560 oh there's tons of comments i never even saw that oh yeah yeah cool under the under the

00:39:42.960 yeah tab it was uh pearly i think uh was the was the um uh i don't know if it's he or she but

00:39:51.440 was saying um i can't find the comment but just some general idea that uh uh polyev didn't want any

00:39:59.200 like didn't want to give carny any ammo in like sounding like trump light or anything like that in

00:40:04.800 his comments so that's why he maybe was a little soft on that i actually think and i think we've

00:40:09.120 probably talked about this before that it for the last like year and a half it's felt that polyev has

00:40:14.000 has generally been uh structuring his discourse around like being as moderate as possible to not

00:40:20.080 scare away potential liberal voters like dis disillusioned liberal voters do you see much of

00:40:24.800 that in in 100 reaction to the terror 100 like he like you know the only per like i think danielle had

00:40:31.760 a different stance on tariffs and everybody says uh max had a different stance yeah max you had a

00:40:36.960 different stance but max unfortunately you're just you're just on the margins and uh and polyev

00:40:44.560 polyev i i'd love i'm not a political strategist but i would love to see polyev he could have come

00:40:53.280 out i don't think there would have been any harm in him saying how about we just negotiate how about

00:40:57.600 we just meet trump and negotiate with him or or do something different force the hand of the like he

00:41:04.160 could have done something different i think he did was literally like play exactly the same liberal

00:41:10.080 like there was nothing about his stance that was different from the liberals like nothing so like

00:41:16.320 give me something but he he indistinguishable and the excuse that yeah i would i would love to

00:41:24.080 sorry it was chatty it was chatty lumpkin not pearly but pearly's been making good comments too sorry james go

00:41:28.800 ahead there there's definitely been some good comments in general um i would love to do a test

00:41:34.160 where we take some of the statements on tariffs from each leader of the political party hide the

00:41:40.880 names and then oh yeah see people can actually tell who said what because they are not that different

00:41:48.160 well you could use the concern you could do that on tariffs and you could actually do that on every

00:41:52.160 liberal candidate right now that's running for the liberal leadership right i mean oh we're going to can

00:41:57.600 the carbon tax we're going to reconsider we're going to lower taxes we're reversing our policy on uh

00:42:03.760 on the inclusion rate for uh capital gains like god i haven't like the the they are all going down

00:42:11.280 this dude it i i posted about this the other day you know i i joined the liberal party okay i admit it i

00:42:19.440 joined the liberal party and so i'm getting all these ins you heard it here first yeah yeah and and by the

00:42:24.800 way you can come audit me i don't have a conservative party of canada membership so you can come out at me

00:42:31.120 i don't have one yeah that's a ten thousand dollar the only membership that i have is i belong to the

00:42:35.520 alberta conservative party because i live here but otherwise anyways so now i'm getting all these um

00:42:42.480 these correspondences from from the liberals and i got one from karina ghul the other day and it said

00:42:48.640 something like you know i'm not going to be i'm i'm liberal i'm not going to be conservative light

00:42:55.360 and and i'm like oh my dear like no your statement is actually very conservative light as much as you'd

00:43:01.280 like us no you know there's your no one was worried no one's worried and then and then i'm like i'm only

00:43:06.960 it's only a matter of time before like that's what i've been criticizing pierre don't be conservative

00:43:12.640 light or liberal light or whatever you want to call it be conservative and and and again i'm not a

00:43:19.920 political uh strategist but being conservative seems to work in places like alberta and it's worked in

00:43:28.000 florida and north dakota or whatever like um yeah it's uh yeah that'd be a good that'd be a fun game

00:43:35.680 we need to oh i'm gonna do that on twitter tomorrow man like who said this i'm gonna put out quotes

00:43:40.640 you said this put a poll yeah yeah yeah uh pearly says yeah with with trump's ascendancy it would be

00:43:47.040 safer for him to be a tad bit more conservative and i i would agree i mean like look at look at from

00:43:51.920 last year like what was what was paulia's arguably most popular moment was when he was eating that apple 0.96

00:43:59.920 and giving that reporter for asking a stupid question extremely trump-like in in his delivery very like 0.98

00:44:06.480 that sort of adversarial relationship with a like a live reporter that's perfect you should lean into 0.98

00:44:11.520 that like people i found a great video online today on youtube and uh i can't remember the name of the

00:44:17.520 guy but i i posted it on twitter and uh it's an american who who uh i guess went to davos last week

00:44:26.160 and he heard trump by video conference and and in this video the guy says like you know when he when

00:44:32.000 he first started hearing trump he thought oh my god they're gonna they're gonna do everything to

00:44:36.400 destroy him here in davos and he's like and then the question and answer came out and then and then all

00:44:42.000 of a sudden um everybody was like literally applauding trump trump because trump said you know um i'm gonna

00:44:49.600 i'm gonna lower taxes i'm gonna kick start my economy i'm gonna start burning natural more oil i'm gonna

00:44:56.240 a energy independent i'm gonna secure my border and he just went on and on and and then and then he's

00:45:02.320 like the the commentator said everybody in davos who a week ago hated him now secretly admired him that

00:45:13.040 was his sort of uh his his his conclusion and he's like trump was a bit of a paradox but when he thought

00:45:18.800 about it he's like no they're basically admitting they're basically admitting and that what they they the um

00:45:26.240 the the woke revolution and and the the net zero green revolution in europe failed miserably and the

00:45:33.200 guys at davos are looking for an excuse to finally say this failed and to your point trump uh poiliev has

00:45:41.040 it like what what what trump said in davos pierre we've told you the exact same thing the way out of

00:45:47.120 our mess because it's a mess right now so what trump's going are while he is going to have to cut

00:45:52.800 government cut taxes um start paying down the debt do all those things and instead of adopting

00:46:01.680 these real austerity measures you can make that hard pill easier to swallow if you kick start the

00:46:08.400 economy and and i think that's the path you know people people who really are analyzing trump are saying

00:46:16.000 that he is 100 well intentioned that's what he wants to do kick start the american economy fix this mess

00:46:24.400 and go further start paying down the debt and really really restore the economy so yeah well yeah man

00:46:31.760 like become trump's best friend like yeah do the same thing well and lean into it i mean like he's making

00:46:38.960 yeah trump is making like what the like europe has well this is a whole other live stream but europe has

00:46:46.800 so many problems but the the number one of which is that they've they've suffered from like a 200 as bad

00:46:54.240 as like north american liberals of of their of like not having any sort of national identity and like

00:46:59.360 like self-flagellating before they would ever have a national identity and trump is making nationalism

00:47:04.880 cool again he's giving he's giving license to other people to just admit that you're a nationalist and

00:47:11.120 you you you put the interests of your country and your citizens above that of the global interests that

00:47:18.080 don't give a about your country and it's like that's perfect that's exactly what these countries

00:47:22.960 are are needing right now to like kick start this kind of like you say like kick start a little bit of

00:47:27.840 a localize again yeah yeah like what did what did what did klaus schwab say uh you know we've

00:47:34.320 infiltrated the the the the the governments around the world and then he bragged about

00:47:39.680 trudeau and he bragged about uh ireland or whatever her name is what's her name in new zealand uh god 0.99

00:47:46.080 how quickly uh jacinda and then merkel and he named them all right they're all failed ideologists the

00:47:53.680 post-national state um you know we talked about this on the show like look at what we did in our own

00:48:00.000 country man like we're a small great country that historically punched above its weight class

00:48:05.600 and we were good at uh extracting resources we didn't worry about too much about manufacturing we

00:48:11.680 extracted resources and we sold them to the rest of the world and and uh and we made a good living

00:48:17.120 and somewhere along the way we convinced ourselves of what we were doing was dirty and bad i mean i posted

00:48:24.560 about this last week look at the five largest corporations in the u.s and look at five largest

00:48:29.440 corporations in canada like the five large ten of the five of the ten largest corporations in canada

00:48:35.280 are banks banks the whole world can do banking and that's what trump's pissed off about because

00:48:42.640 the whole world can do banking we're not he's not even allowed to bank in our country but we're

00:48:47.440 allowed to bank in his country and and yeah like where's our real value our five largest five of

00:48:54.640 the ten largest companies are banks man god it should be the potash companies it should be the

00:49:00.000 oil companies it should be like we shot ourselves in the foot and germany and european countries like 0.94

00:49:06.000 i haven't been to europe in four or five years i'm almost afraid to go to europe because i'm probably

00:49:10.240 going to cry if i go to europe and see what you know you're gonna get arrested probably can't even get

00:49:15.760 on a plane but europe is a germany is a massively failed experiment like of their their their transition

00:49:22.400 to green my god don't it does tie into the there's been a fear of nationalism and it gets demonized very

00:49:30.560 very quickly but i love tying things back to finding like finding parallels between like looking at a

00:49:37.360 country as a entity but also looking at like well what of our what about our family units or our

00:49:46.000 personal lives and usually like you you hear this advice of like get your house in order and get

00:49:51.680 your life in order before you try to fix clean your room that you're jordan beaterson you're in yeah

00:49:58.000 like if you are if you do not have the capacity to even like hold yourself up and go through your

00:50:04.320 daily lives how do you expect to contribute or save other people and the same can be said for a country

00:50:12.000 if you don't have enough nationalistic or enough of a canada first spirit to make sure people are

00:50:19.760 doing well in canada how can you be properly contributing to this globe like how can you be

00:50:26.880 saving the world if we can't even save canadians first oh yeah and i i see what like it's it's such a

00:50:34.480 simple concept but it's it's it's lost on people well now we're going to get into a bit of uh i'm

00:50:42.960 willing to go down this sort of there are some people that say you know the destruction that was

00:50:47.920 that was um uh thrown at us is legit is intentional i get that i get that right i mean because to your

00:50:56.000 point there's there's comments that have been made by trudeau some days where i just go holy

00:51:00.080 like you know he was he very recently like about two weeks ago he was at a conference somewhere

00:51:05.920 and and um somebody was like how can you know making the argument that when somebody's starving

00:51:13.520 they really don't care about you know climate change right and which is which is you like what's

00:51:20.240 the order of um order of needs right like and so oh maslow's and so so then trudeau brings that out

00:51:27.680 and then he's like you know what it's my job as a leader to make sure to to to sort of overrules

00:51:34.320 canadians if i sorry that they're starving but the bigger picture here is we need to save the planet

00:51:39.520 and i'm i'm the moral compass and i'll make sure we still save the planet even though they're starving

00:51:44.800 like he was like when you dissect him when he's talking like that you go man you were great like

00:51:49.920 either you're completely brainwashed or you're completely compromised and there's a bigger

00:51:54.400 like i hate you know i've talked to you guys about this i've talked to this a lot of people

00:51:58.240 i hate thinking about conspiracies because i'm an engineer and i know that just you know just just

00:52:04.720 just doing a compressor station building you know spending six million dollars building something

00:52:10.000 is stressful and i need to coordinate i have people that lose sleep over it and i have to convince them

00:52:14.400 that we'll get through this so coordinating humans to do something is a lot of work so when i hear people

00:52:20.400 talk about these weird huge conspiracies i lose interest i lose not i i don't lose interest but

00:52:28.160 i'm skeptical but then i get somebody who will remind me that say well yeah but you know one or two people

00:52:34.240 can change the whole room and make uh you know germany's an example so yeah um the the litmus test is

00:52:43.600 um you you play the game of like okay if every action if every action seems like it's the inverse

00:52:50.720 of any competent person then that's not like that's not that's not accidental that is yeah yeah yeah yeah

00:53:02.160 it's hard to like really be that terrible when you're like it feels like there's something else going on

00:53:10.320 if they are doing the inverse yeah it's the it's the um yeah when you're the only person on the train

00:53:17.120 with a mask and there's 400 other people without a mask and you say you guys are all wrong it's a

00:53:23.920 pretty rare occasion where you're correct in that assessment but yeah um yeah i i don't i don't like to

00:53:30.640 believe in conspiracy theories that said uh what are we batting on conspiracy theories in this country like

00:53:36.880 we're we're we're nine for nine right now and some of the events of the last uh decade have you know

00:53:43.680 have convinced me we have uh bugs coming in food in europe now yeah yeah so that's a conspiracy the the

00:53:52.640 like when you say litmus test james the the test that i like to use is uh if somebody is if somebody

00:54:00.080 with a huge platform like either funded by a media company or a you know a some special interest

00:54:07.920 group or some government official is specifically telling me that i shouldn't be talking about or

00:54:13.520 saying something or listening to people who say certain things i pretty much know that that thing

00:54:17.760 was 100 correct that's well that's what i go for if somebody if somebody with influence is saying

00:54:23.440 you can't say this that's probably because it's true if there's money behind it yeah uh frank what's

00:54:29.600 frank's name from uh ecos polls right now like frank is the the lone voice in the wilderness telling

00:54:35.440 everybody that the liberals are back in the lead okay thanks frank yeah yeah yeah yeah and he's trying

00:54:43.440 so hard man he's trying so hard yeah and and uh so you yeah you have a litmus test or you know what

00:54:50.560 do we call it like our spidey senses i mean it's weird how our spidey senses have been knocked down

00:54:55.680 right people like i hear stuff all the time and i go that doesn't sound right or that that can't be

00:55:00.800 correct even today somebody sent me some some statistics from from the u.s showing uh that

00:55:07.280 americans were investing a lot of money at you at one of the universities and like it was a billion bucks

00:55:13.360 i'm like that's that's the uh that's like three times the annual budget of the school being invested by

00:55:18.960 the americans i think we would have known about that a while ago like there's a decimal place

00:55:22.800 wrong somewhere there or it's over the last 10 years something like that so uh i i can't help

00:55:28.880 myself that's what i do all the time i just i just question stuff yeah yeah yeah well did you hear how um

00:55:36.240 uh is it usaid like is that how you say that like that that department that they're dismantling did you

00:55:42.000 see that i saw read something today that uh the american government is like the biggest

00:55:46.640 financer of the british of the bbc oh i don't doubt it why well that's like so strange when

00:55:54.720 the money gets funneled through multiple entities we have our own it just it's a wash at some point

00:56:00.000 yeah we have our own uh we have our there's a lady on twitter naya i don't i never know how to pronounce

00:56:05.200 her last name but she she spent oh yeah i know you're talking about she spends a lot of time going you 0.99

00:56:10.160 know this is all public information right like all these weird funds that you and i could apply to i mean

00:56:15.840 you and i could apply to and get thirty thousand dollars to study uh you know do goldfish get

00:56:20.400 drunk drinking uh bourbon like what somebody will give you thirty thousand dollars we should do that

00:56:25.600 study we should and yeah you know like uh anyways is she naya does that all the time she uh yeah that 1.00

00:56:32.320 lady uh her fanner still naya fanner still and so she's often going into that website you know we each

00:56:39.680 have her like i like to go to the i like to go to um to the statistics canada website she likes to go

00:56:47.520 to one of these and find these weird studies and she's uncovered some doozies like we're no we're no

00:56:53.120 we're no i i i list the macro level at the absolute macro level in the canadian budget there's a category

00:57:01.120 at the bottom worth 86 billion dollars called miscellaneous transfers like when you when you like the

00:57:07.200 budget's so big right the budget could be like 50 pages long so it's condensed in and when you condense

00:57:13.840 it into three pages something that's manageable there's an 86 billion dollar box at the bottom

00:57:20.640 called miscellaneous transfers and man that is the slush fund of all slush funds like that's that's

00:57:28.240 money to ukraine that's money for every every pet project and yeah and yeah i like what's the um

00:57:36.720 what's what's the what's trump's new press secretary what's her name um she's a pistol 1.00

00:57:42.560 we're gonna eventually we'll all remember her name because she's uh she's 27 years she's good 27 years

00:57:48.400 old man like that's one thing about is it uh carolyn levin yeah yeah so yeah she was holding that up

00:57:53.840 like the guys from doge give her the stuff and she's the one reading it going like here 90 uh yeah you

00:58:00.000 know 90 90 uh 50 million dollars to uh you you might get in trouble if you play it like every one

00:58:07.520 of her clips are fantastic or do you get you won't get censored for playing yeah don't worry about it but

00:58:12.240 uh yeah um like she she uncovered one the other day like they were sending 50 million dollars to gaza

00:58:18.800 for condoms oh yeah and like the like funding it was di plays and stuff i think it wasn't exclusively

00:58:27.120 for condoms but no they were part of the aids but uh or part part of the aid aid package what i what i

00:58:34.400 wanted to touch on is we we were talking about tariffs and we're talking about the potential impact

00:58:42.960 that like 25 has when it comes to it like canadians started caring so much about that yet there seems to

00:58:52.720 be no unifying voice when it comes to like well what's the impact of inter-provincial restrictions

00:59:01.680 carbon taxes or any of the additional taxes that we just pay

00:59:07.120 just on our normal day-to-day we are paying a handful of taxes so in this one case oh these

00:59:16.400 tariffs that's a tax that's bad and now people don't seem to put that same lens back towards

00:59:23.920 their cells to analyze what's happening in canada so okay cool uh yeah i tried to get a little traction

00:59:31.360 on that so one of the things i did um is i so we we we trade we traded in 2022 and or 2023 we traded

00:59:40.960 700 billion dollars to the us so then i just did a table and i did 25 percent tariffs 110 so the tariffs

00:59:49.040 amounted to 125 billion dollars okay now technically the americans were going to pay that but once the

00:59:56.160 tariffs are imposed on the americans what's supposed to happen is either they find a new market so we

01:00:02.400 lose the 125 billion dollars of trade or they they squeeze us and and and they narrow it so let's so 0.71

01:00:10.640 the amount of money we looked to lose only on the americans imposing their tariffs would be 125 south

01:00:19.840 maybe anywhere in between there right our government our government spends two billion dollars a week

01:00:29.120 on debt servicing interest debt servicing so yeah yes to your like the 125 billion dollars that's uh

01:00:38.000 that's two years of interest on our debt our government spends our government accumulates debt it's not

01:00:44.720 even paying the debt it's that's just the interest on the debt our government is accumulating this year

01:00:52.880 officially 72 billion dollars it probably will end up at 90 by the time the parliamentary budget

01:00:59.200 officer finishes doing their math so we're not worried about that 90. yeah the inter-provincial trade

01:01:05.760 barriers we can't even estimate the number you know like a trucking company you can't you there's there's

01:01:13.120 different standards for trucking companies in every province you leave from one province to deliver to

01:01:18.160 another province you have to do paperwork all along the way there get way bills across the place you

01:01:24.240 can't buy alcohol i'm an engineer i have a ring i can't practice in quebec or any other province even

01:01:30.400 though i'm i'm i'm sanctioned here unless i pay them money to do that um it goes on and on and on yeah and

01:01:39.520 and like our country we're worried yes we were yeah we were worried about 125 billion dollars

01:01:45.600 we blow that all the time all the time but and that's it now now man you guys are good you're

01:01:52.880 gonna get me going but that's how you got me going um i do this all day you know welcome to being

01:01:58.720 retired this is what marty and my and my wife's all happy he's like yeah go talk go talk just stay away

01:02:04.080 and then and then i haven't had a lot i i went all january without a drink marty's having a drink

01:02:10.400 tonight so he's maybe a little bit tipsy no and that was the other thing yesterday so maybe trump

01:02:19.600 wanted to get 125 billion dollars in tariffs do you know how much money the u.s economy lost yesterday

01:02:25.040 just because of the fear the stock market in the u.s yesterday dropped 2.3 percent at the worst point

01:02:31.920 right at the worst point 1.5 trillion dollars in u.s money vaporized and then people say well the

01:02:39.360 market came back up i'm like that's great somebody made money but somewhere along the way yesterday

01:02:45.600 people lost 1.5 trillion freaking dollars so and our government has done silly things like this in

01:02:52.320 the past so in order to recover 125 billion dollars of potential lost money the americans shot themselves in

01:02:59.520 the foot to the tune of 10 times that amount like it's it's it's and that's part of the reason i

01:03:09.520 think behind the scenes that is another part of the reason why trump said oh you know like we shouldn't

01:03:15.200 do this but then people say well what's 100 billion what's 100 trillion or what's 1 trillion on a

01:03:22.480 on a 21 trillion dollar economy i'm like that's five percent like that's uh you know i still a

01:03:29.440 trillion dollars yeah and and do you know who uh do you know who thomas massey is yep yeah you know how

01:03:36.320 he has his little like debt counter badge that he made he like he's an engineer too he's like a computer

01:03:42.320 guy right and he made this little uh like debt counter that he wears as a lapel pin and it's just

01:03:47.520 constantly it's linked uh to the to the u.s treasury and it like constantly cycles the what

01:03:52.880 updates in real time yeah it's in real time and he i was i was listening to him on uh on tucker

01:03:59.600 actually this was a few months ago and um he was saying that he was like looking at it and it was in

01:04:04.240 it was in march or or uh or april or something and instead of just ticking constantly up like for

01:04:10.080 for a couple minutes in in april it actually went down for a second and then it started going back

01:04:14.560 up and that's because everyone was paying their taxes it was tax season and then the debt started

01:04:19.520 coming right back up but i feel like we need one of the like paulio should should ask him to make one

01:04:24.400 for the canadian taxpayers federation has one on their website they have one on the truck that they

01:04:29.840 drive around once in a while like it's uh it's a big number it's a it's a number that doesn't even

01:04:34.880 make sense to anybody i mean the uh you know the the the just the federal debt on one side is 1.2

01:04:42.240 trillion dollars and then and then there's uh there's a 600 million dollars or 600 billion in

01:04:50.960 pension debt and people say well that's the cpp no that's not the cpp that's federal employee uh

01:04:56.880 pensions that has nothing to do so on the books our government has 1.8 trillion that's just that the

01:05:02.880 federal government if you add up all the provinces the provinces themselves add another three trillion

01:05:09.360 dollars and then you do the municipalities and then you do the average canadian we are

01:05:14.400 we are first or second or third depending on the metric in terms of debt per capita we are absolutely

01:05:21.520 absolutely absolutely absolutely 80 000 per person it's a ridiculous number like something like that

01:05:28.000 yeah yeah you're when your kids are born they're born into debt like it's it's a big number and that's

01:05:33.440 one of the things uh you know i'm again i'm not an economist i know enough to to be harmful but uh

01:05:41.280 trump is wants to address their debt i mean their debt compared to ours like is is is more than 10 times

01:05:47.120 ours and then he's worried about the the games being played with their currency because the us dollar

01:05:53.040 is funded is de facto a reserve currency around the world and stuff like that so he's aware of some of

01:05:58.400 those problems for now yeah yeah i i feel like part of this posturing from trump is um it so with the

01:06:08.240 dollar being it's a reserve currency and it's a currency that all other countries settle transactions

01:06:15.760 in but bricks is growing right now and you're having more countries using bricks as a system

01:06:22.160 it's almost in defiance of the united states and the usd well well bricks bricks the strength behind

01:06:31.600 trump is partially helping to reinforce the dollar a little bit more because without the perceived

01:06:38.320 strength it's backed by oil it's backed by military strength as well and without a certain amount of

01:06:45.680 perceived strength the trust in the dollar as a reserve currency lowers yeah yeah

01:06:52.560 which which which which we're not going to go there but you know the liberals are thinking of

01:06:57.760 electing mark carney as a leader oh my god like when you want to talk about disastrous monetary policy

01:07:04.640 we're we're we're about to get worse so um yeah no no one from anywhere he's ever done business

01:07:11.120 recommends him as a as a leader he's being installed i don't think i think it's uh i mean the way he's

01:07:18.160 parading around on the medias and everywhere else i think he's being installed he's pretty confident

01:07:22.720 but then i've seen confidence what it feels like yeah but i've seen confident people uh we witnessed

01:07:27.680 it here two years ago i mean uh when i was in uh i was in calgary when the vote was being counted for uh

01:07:35.600 for our election and rachel notley and her team had a weird look on their face like they were like whoa

01:07:40.560 how'd this one slip away from us so uh carney here's my litmus test with carney nobody just

01:07:47.840 nobody who's an outsider who's never been in politics that people didn't like think about

01:07:55.360 like one month ago they didn't even talk about him um nobody gets a spot on the daily show

01:08:03.280 just like that yeah yeah like how do you that's not an accidental that's not a like

01:08:10.160 and he on the show he was claiming like oh i'm just an outsider i'm not in politics

01:08:15.440 so like that is that is not an that was almost a genuine yeah and that was almost rehearsed right like

01:08:22.560 it was it was rehearsed and a little bit awkward like pretending you know pretending to be friends

01:08:27.200 and everything else and i'm sure wasn't he isn't he going on there tonight again or soon like he's

01:08:33.600 he's going back for uh for another round oh wow yeah that's gonna be you know i'm i'm i'm genuinely

01:08:40.000 surprised well i'm not i mean i i think you know they they wanted carney he has he they're they're

01:08:48.480 using the narrative of fixing the economy but i'm kind of surprised that the liberals did not go

01:08:56.240 uh harder to try and get a female like they're officially the only uh um they're the only 0.94

01:09:03.840 federal party in canada who never had a female leader so but but then yeah they don't want they 1.00

01:09:10.480 don't want freeland she she burned those bridges and uh the other two are too young so you know there's 1.00

01:09:16.320 nobody else willing to step up it's uh just not yeah anyways hot hot take uh trudeau's been

01:09:24.720 feminine enough for the last decade that they're gonna balance it out with a little bit a little 1.00

01:09:30.720 bit more masculinity then yeah so they picked mark carney yeah you know and actually it's it's off topic

01:09:38.880 but we talked about it earlier when we were talking you made me think of something like remember

01:09:42.960 remember when trudeau came in like in 2015 and said we're back like when we're talking about

01:09:48.000 canada punching above its weight class like canada is so irrelevant on the world stage right now that's

01:09:53.680 the other sad thing that that that showed up in all the last couple of weeks i mean i asked people

01:09:59.040 i actually asked people in the u.s i have a little bit of family in the u.s like are you guys talking

01:10:04.080 about us not even they're not even talking about us like trump's talking about us and so a bunch of

01:10:09.440 people went like canada but we're not we're not on the world stage man we're just gone like we we

01:10:15.680 we have a lot of rebuilding to do a lot of rebuilding yeah yeah canada has a uh um

01:10:24.960 i've heard this from multiple people like expats and i've i've read this online a lot that people have

01:10:29.680 a like canadians have a very oversized uh like a completely a complete misapprehension about how

01:10:38.000 influential we think we are on the world stage like no one gives us no we like we're the we're

01:10:43.200 the place with the hockey and the maple syrup like that's it that's pretty much yeah we watch the body

01:10:47.920 language with trudeau and any like any gatherings of leaders and you can see who they respect and

01:10:55.280 there's a difference like you don't have to like somebody to either think they're competent or respect

01:11:01.280 the outcomes that they're able to produce and i feel like with trump there's a underlying like

01:11:08.000 maybe there's a little bit of hatred maybe there's a little bit of fear but there is a certain amount

01:11:12.320 of respect for the energy behind that and you don't see the same respect going to trudeau you don't see

01:11:20.320 it with body language you don't see it with handshakes or acknowledgements like nobody on the world stage

01:11:25.680 respects yeah i like it yeah like some of the you know jordan peterson describes trudeau as peter pan

01:11:31.600 syndrome or whatever i mean um yeah like when you know when trudeau would prance around stage with his

01:11:37.840 socks like who who who told him that's a good idea like even like i yeah that's that's what he was

01:11:44.720 doing right like that's that's not substance man you do that when you have no substance and and to me

01:11:50.560 if you walk into a room with the fancy socks you're literally signaling to the whole room i have no substance

01:11:57.600 i mean if you're the right right right person you could walk in and it just signals hey man like i'm

01:12:04.560 i got extreme strength but that that wasn't him like that's not him you know like don cherry if don

01:12:10.800 cherry walks into the room after a decade with his funny outfits we don't we don't like you and i

01:12:17.040 walking in a room dressed like john don cherry no it doesn't go for don it does but um for most of us

01:12:24.560 walking in a room with our fancy socks and sitting down cross-legged or like nah god give it up i can't

01:12:32.560 wait till he's gone i honestly like i mean i'm still not celebrating when he announced he was resigning or

01:12:38.480 intending to resign i i i had a brief moment of of of uh happiness but i won't be happy until he's

01:12:45.600 absolutely gone and and and and that i mean we're going all over the place tonight but um i'm i'm genuinely

01:12:53.760 curious to see he hasn't said much after a day a day later like it's been 24 hours since the tariffs

01:13:00.720 um i'm still curious to see if he's gonna do anything without reconvening government i think

01:13:07.440 he's gonna wait there's an interesting case right the center for the jace um what's the jcc whatever the

01:13:14.720 uh there is yeah jcc yeah yeah there is that justice center for constitutional yeah they're

01:13:20.560 they're they're um they're hearing uh in the um you know they they get they get they got a hearing

01:13:28.560 scheduled on the 13th and 14th next week to to to have uh they're going to try to get prorogation

01:13:34.880 declared as uh illegal so i think trudeau won't do anything until that and he's got his hands full right

01:13:41.760 now there is that um that um what uh what exactly is going on with the um the uh emergency measures

01:13:50.080 act there's a there's a there's a there's a case in uh in ontario around that as well

01:13:56.320 yeah he's got a few yeah man is it currently getting appealed it's getting appealed he's trying

01:14:01.760 to appeal it and uh and we'll see where that goes but yeah what else has he got he's got a bunch of

01:14:08.000 things going but that's another say silly thing right like we are in a like think of the situation

01:14:17.040 we just we just dodged a bullet i think we dodged a bullet i mean it could have gotten ugly right like

01:14:21.360 the trump could have said now tariffs are going blah blah blah and and uh we dodged a bullet because

01:14:27.360 right now we have nobody in parliament and and in our largest province ontario is also in the middle

01:14:34.800 of an election like god what uh like we're so vulnerable right now it's insane but we're lucky

01:14:40.400 we we dodged a bullet well that's it and maybe to like you know we've been going at it here for

01:14:47.280 an hour and 15 maybe to just sort of you know some final thoughts on the tariffs is you know if if i were

01:14:54.640 in trump's shoes i mean like this is a i'm actually surprised that he did decide to to give the break

01:15:00.800 like maybe maybe it has to do with what mexico you know agreed to earlier and earlier in the day

01:15:05.920 yesterday maybe he was feeling generous i don't know but like if i'm trump looking at that canada

01:15:11.360 right now i mean we are a we're a leaderless government out of session country like this is

01:15:18.480 that's prime vulnerability like i mean if you if you want to take a view that the you know when trump

01:15:24.880 talks about you know he's said it four or five times now and you know making canada the 51st state

01:15:29.600 like if you want to you know see from from his perspective of like if you're thinking about

01:15:34.400 vulnerabilities from maybe china or russia or you know asian you know influence um we're we're a

01:15:41.920 liability and we're we're their biggest neighbor we're a porous border i mean i get it i get if you

01:15:48.480 want to be tough on us because like we're we're kind of a joke right now yeah yeah okay yeah i thought

01:15:53.600 you were going to say maybe cut us some slack you know i'm like that's where i thought you were going

01:15:58.880 i think this is this is where you'd you'd you'd pounce you know if you're if you're looking at

01:16:02.720 it from a you know a a cutthroat ceo perspective like trump might like this is when you're when

01:16:08.400 your enemies that or you're not your enemy but when your adversary in some ways at their weakest

01:16:13.200 point that's when you pound we might have been too weak he might have said uh this is not even fair

01:16:16.880 game i'm gonna i'm gonna give you some slack i mean and took he took a bit of pity on us on the flip

01:16:23.120 side uh i looked at what he accomplished in the last three weeks i'm like bravo trump like bravo

01:16:29.200 right i mean you got into power you did 100 executive orders maybe more than a hundred

01:16:35.520 um you know you you you signed out of the the paris accord you fired anybody in the dei position you

01:16:43.120 you sent troops at the border you got mexico to cave you got panama to cave you got colombia colombia

01:16:49.920 sent their own jets to come and get their illegals and bring them yeah you sent the plane to i still 0.80

01:16:55.040 don't know why he sent the plane to um he sent his son to um greenland i think that was part of the

01:17:00.400 showmanship because i'm pretty sure the guys in greenland are like isn't that trump's plane what's

01:17:05.200 it doing here right like that was just showmanship he got us and who's that guy getting off yeah he

01:17:10.000 got us to cave like and i asked that question legitimately i'm like wow he accomplished a whole bunch

01:17:15.520 of things now he's got 30 days i think and i said is he going to go golfing for 30 days or is he now

01:17:22.400 just going to turn his attention to the really good stuff right because like we said earlier like

01:17:26.480 he sent a clear message to everybody you know i'm willing to do this to my neighbors think what i'll do

01:17:32.320 to you so i think now in the next 30 days he's going to go he's going to go um get a peace accord in

01:17:38.800 ukraine he's going to go sign a deal with germany for lng he's going to i don't know reverse brexit

01:17:45.040 he's going to get putin to uh to shake hands with whatever he's going to get china to sign a deal

01:17:51.600 he's gonna uh whatever well he just got to raise the titanic and put it in the museum so we can all go

01:17:58.080 look at it and uh like like you know what's left to do trump like he's just gonna like bravo man like

01:18:04.720 bravo actually i love what he did in the last couple of weeks because even even this week i

01:18:09.920 still had people saying like what do you expect us to do things take time i'm like okay stop with that

01:18:16.880 excuse look at what that guy just did like you know yeah it doesn't take that much no no it was insane

01:18:23.440 it only it only takes time if you don't have the political will to get it done fast yeah yeah or he

01:18:28.080 was able to do the things within the context and he acted upon the things that he was able to change

01:18:35.040 so that that's the key is like if you can put something in motion he just used the executive

01:18:40.480 order as that tool and every president does when they come in so he just he was very decisive and

01:18:46.720 very he quick acting on those yeah and he doesn't have to worry about you know he's he's not at uh you 0.97

01:18:53.360 know oh no he's not gonna be popular by the end of his term who gives a shit he's not up for re-election 0.65

01:18:58.160 he wants a little bit of legacy and i was thinking about that too like is his leg like if he if he gets 0.97

01:19:04.400 ukraine and russia to sign a peace accord that's legacy if you like do you need a chunk of territory

01:19:10.720 like do you need to say i added the 51st state tell you what trump work with elon and land more

01:19:17.520 americans on the moon man and then land americans on mars on your term boo legacy solved like done go

01:19:24.640 go with that one yeah go with that one yeah leave us alone imagine making that speech yeah yeah hey we're

01:19:30.560 gonna get you talking about the moon again and then we're gonna be another half hour yeah you know

01:19:34.480 we're not going down there yeah we're good hey man we'll do this every week almost i love talking to

01:19:39.520 you guys this is awesome let's do it man that's awesome well hey marty man always a pleasure always

01:19:45.360 such a pleasure we really appreciate you taking the time uh this is great i think uh i mean we have a

01:19:50.560 you know we're at about 3 700 people watching here and and they're about 3600 of them are for you so

01:19:56.800 that's uh people are gonna get tired of hearing me i might need to i might need to go on a vacation

01:20:01.520 somewhere i've been on a lot of yeah yeah well hopefully we we got you down a few rabbit holes

01:20:07.360 that you wouldn't um yeah get down just normally so cool awesome guys yeah hey let's do this in a

01:20:14.080 month anyways let's do it put it in the calendar yeah in a month when the deadline is up uh we'll have

01:20:19.520 lots to talk about i'm sure yes we will yes all right guys cool thanks everyone for watching

01:20:25.840 appreciate the comments cheers everyone cheers

The Critical Compass Podcast - February 26, 2025

ICYMI： Canada ⧸ USA Trump Tariffs Threat w⧸Martyupnorth Livestream Recap

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