The Jordan B. Peterson Podcast

00:00:00.000 Hello everybody, as some of you may know and some of you don't, Canada suddenly has a new

00:00:09.880 Prime Minister. His name is Mark J. Carney and he's the replacement for Justin Trudeau,

00:00:15.900 running the Liberal Party in Canada. That means that we Canadians need to know who Mark Carney

00:00:22.040 is and to the degree that Canada has a role to play internationally that everybody needs to know.

00:00:28.100 So, if you want to know who Canada's new Prime Minister is and you want to know who Mark J. Carney is

00:00:33.580 and whether or not you should support him or vote for him if you're Canadian or

00:00:37.360 what you should think of him if you're part of the international audience,

00:00:40.480 then this is the podcast for you.

00:00:47.940 Carney is a mystery to Canadians in large part, not least because he's been a political figure

00:00:55.060 for a very short period of time. And the election that's being called is a snap election, so

00:01:00.460 Canadians aren't going to have and the rest of the world aren't going to have a lot of time to get

00:01:04.480 to know him before the determination of his status as Prime Minister is going to be finalized.

00:01:12.840 Now, I want to make a case for Carney first as powerfully as I can so that we give the devil

00:01:18.800 his due, so to speak. And I think the right way to do that is with a review of his resume.

00:01:23.960 It's quite clear to me that Canadians are entranced with Carney, whose Liberal Party has risen

00:01:30.620 dramatically in the polls in the last month. They're entranced with him for two reasons.

00:01:35.460 And one is because Trump has been careening around like a bull in the China shop with regards

00:01:40.380 to his comments about Canada, placing tariffs on Canada, describing us as not worthy of having

00:01:47.120 our own country and fated, if we're lucky, to become the 51st state. This has produced a groundswell

00:01:52.760 of pro-Canadian sentiment. In consequence, even among the Liberals who haven't been noted for their

00:01:59.580 patriotism over the last 10 years, this is a common occurrence in Canada. Historically, it's very

00:02:05.380 frequently the case that in Canada, we learn to pull together because of a threat, real or supposed,

00:02:11.540 emanating from the American elephant that occupies the place of primacy south of us.

00:02:19.380 So Carney and the Liberals have got a boost because of Trump's rampaging around, but also because

00:02:28.100 Carney is a new face, a new fresh face, and so hypothetically, and so people who are a little

00:02:35.840 leery, let's say, of the Conservatives under Polyev have every reason to hope that Carney is the right

00:02:42.380 man for the time. Now, he's capitalized on that to some degree by positioning himself as an outsider

00:02:50.480 who will bring fresh new ideas and a novel and innovative approach to the Canadian political

00:02:57.600 situation. And we'll take that claim apart a little bit later. Suffice it to say that the combination

00:03:03.540 of his novelty and the knockoff consequences of Trump's comments with regard to Canada have moved

00:03:12.720 the Liberals over the last month from a place where they were essentially facing electoral extinction

00:03:18.340 of a historically unprecedented sort to neck and neck or arguably in the lead of Pierre Polyev's

00:03:27.120 Conservatives. And so why have Canadians turned to Carney apart from Trump? Well, Carney has a

00:03:36.300 remarkable resume. And if the choice is Carney or Pierre Polyev, it would be easy for Canadians to

00:03:45.560 assume that Carney has everything that Polyev does and more. Polyev's a career politician, and that means

00:03:52.700 means he's faced the electorate. It means he's done a lot of door-to-door knocking. It means he's listened

00:03:57.420 to Canadians at the ground level and been appraised of their concerns. And Carney doesn't have that. But

00:04:05.340 Polyev is also a career politician. Now, Carney is a career bureaucrat, and he has a resume that, on the face of it,

00:04:16.560 you might be regarded as preferable in its depth to Polyev's. So I want to familiarise you with his

00:04:24.780 resume. And then I want to walk you through what it signifies, because we should assess not only what

00:04:33.260 he's done and what he looks like on paper, but what that actually means, practically and conceptually

00:04:41.620 speaking, and with regards to its impact on Canada and the broader world. So we're going to start by

00:04:47.940 walking through his resume. So currently, as we already pointed out, he's Prime Minister of Canada,

00:04:53.500 and that's been the case since March 14th. Now, here's a couple of things to understand about that.

00:05:00.100 The first is that he's Prime Minister, and he holds no seat in the House of Commons, which means he hasn't

00:05:05.700 faced any electorate. He's not, he does not have a mandate from the Canadian people. And about 130,000

00:05:13.720 Liberals voted for him. So he's basically become Prime Minister with no test of the validity of his

00:05:19.540 personality or his political stance being presented to Canada by a tiny proportion of the Canadian

00:05:26.460 population, about half of 1% of the Canadian electorate. And so that means it's actually incumbent

00:05:31.600 on him to do exactly what he's doing, which is to call an election, but also not to be

00:05:36.660 parading around the world, let's say, especially in places like Europe, acting as if he is

00:05:41.980 Prime Minister with a mandate. Now, he's done a fair bit of that in the last couple of weeks, and

00:05:46.480 we want to keep that in mind. And we also want to keep in mind the fact that the election is very likely

00:05:52.280 to be of incredibly short duration, because there's a reason for that, too. Okay, so currently

00:05:56.660 as Prime Minister, that's obviously somewhat impressive. He got a bachelor's degree from

00:06:02.020 Harvard in 1988, and developed an interest in economics at that point. Then he went to the

00:06:07.420 University of Oxford. So these are major league educational institutions. And back in the late

00:06:13.400 80s and the early 90s, they were still highly credible institutions, I would say. So he was at

00:06:19.240 Harvard in 1988. I was teaching there from 92 to 96. My experience at Harvard was stellar. I thought

00:06:27.600 it was an absolutely remarkable institution. So again, I said I would give the devil his due. And

00:06:32.520 so, and to become a bachelor, to get a bachelor's from Harvard is a genuine accomplishment. It

00:06:37.300 certainly indicates that you have a fair bit of raw cognitive power and some real conscientious

00:06:42.340 discipline. And so, and then he went to Oxford, which is another one of the world's premier

00:06:46.320 universities. He got a master's degree in economics in 93 and a doctorate in 95. So, and then he has

00:06:52.980 an honorary degree from the University of Manitoba, doctorate of laws. So educationally, that's very

00:06:59.060 stellar. Now, with regards to his professional experience, he was governor of the Bank of Canada,

00:07:04.740 and that's a major deal as well. And then even more impressively, he was governor of the Bank of

00:07:11.600 England from July 1st, 2013 to March 15th, 2020. Now that's pretty impressive, because it's not

00:07:19.320 typical for the Brits to hire someone who isn't one of their own, so to speak, although he does hold

00:07:25.580 British and Irish passports to lead an institution as august as the Bank of England. And so again,

00:07:33.880 on first glance, it would be reasonable for Canadians to propose to surmise that Mr. Carney has had his

00:07:42.260 credentials vetted not only within Canada and with regards to these educational institutions, but by

00:07:48.440 the relatively skeptical Brits who decided he was the man to run an operation as significant as the Bank

00:07:55.540 of England. Goldman Sachs, he worked for Goldman Sachs, a huge financial organization from 1990 to

00:08:02.860 2003, where he was managing director of investment banking. He worked in London, Tokyo, New York, and

00:08:10.000 Toronto offices. He worked in the Department of Finance in Canada from 2004 to 2008. He was chair and

00:08:17.980 head of transition investing. Now that's getting a little more relevant to the point we're going to

00:08:23.780 make later. He was chair and head of transition investing for Brookfield Asset Management from

00:08:29.300 2020 to 2025. He just resigned upon entering the political sphere. He oversaw investments in

00:08:36.080 renewable energy. So, and then he was United Nations Special Envoy for Climate Action and Finance from

00:08:43.340 2020 to 2025 as well. He was appointed by Antonio Guterres, who's the Secretary General of the UN, to

00:08:50.580 mobilize private finance for climate goals. He co-founded the Glasgow Financial Alliance for net zero. Okay, so now, we

00:09:02.940 need to take that apart. Now, he's also written a book, Values, Building a Better World for All, which was published in

00:09:09.300 2021, and we're going to talk about that as well. So, what do we say about Carney's experience and his resume? Well, the real

00:09:19.860 question is, what is he aiming at? Right? So, he's got a stellar educational background and this vast

00:09:26.940 experience on the international side. But the question is, what has he concluded from that? And

00:09:33.100 what has he done in consequence? And what is he planning to do in the future? Now, I read Carney's book,

00:09:41.400 Values, very, very carefully. And so, the reason I want to walk you through that is because

00:09:46.840 that's his carefully thought through statement of principles and apes. And so, it's useful to take

00:09:57.940 a person at his word on the written side. And so, I think we can derive from values what Carney's values

00:10:05.640 are, what values he thinks Canadians do and should hold, what we can conclude about what he's already

00:10:12.820 done for Canada and on the international stage and where things are headed in the future. And so,

00:10:17.320 now, the first, I'm going to take Carney's values book apart in two ways. The first thing I want to

00:10:23.020 tell you is what he thinks Canadians' values are. Okay, so, he's setting himself up as an arbiter of

00:10:34.600 the Canadian ethos. And to do that in his book, in the first couple of chapters, and then at the end of

00:10:41.120 the book, he tells us all what makes Canada the country that it is. And so, we want to delve into

00:10:50.120 that. All right, so, Carney's conclusion with regards to Canada's core values are a leftist, utopian,

00:11:02.980 globalist view of the Western tradition. So, he believes, for example, that the core Canadian

00:11:11.680 values are fairness and equity, resilience and adaptability, sustainability and responsibility,

00:11:19.320 and community and cooperation. Okay, so, the first thing I'd like to do, those are all terms that

00:11:26.340 sound positive and that could, in principle, bring people together on the basis of a vision. Fairness

00:11:34.620 and equity, resilience and adaptability, sustainability and responsibility, community

00:11:39.260 and cooperation. But the first thing I'd like to point out to all of you who are listening is that

00:11:46.300 although Carney claims that those are core Canadian values, that claim is not correct. Those are core

00:11:55.260 globalist, socialist, utopian, net zero promoting environmentalist values. But the core Canadian

00:12:04.500 values are actually derived from the Judeo-Christian, Western, broadly Western, and English common law

00:12:11.180 tradition. And so, I'm going to outline what those are, just so you can see the contrast between those

00:12:17.640 values, which are the true Canadian values, and Carney's values, which have this patina or aura of high-flown

00:12:29.260 positive emotion, but bear little relationship to the genuine historical reality and do not describe

00:12:38.160 the values that made Canada the wealthy, free, productive Western democracy that it is. So, Canada is

00:12:47.400 actually founded on the principles of individual liberty and rights, the rule of law, equality and justice, and

00:12:55.280 equality there doesn't mean equality of outcome, and it doesn't mean economic equality. It means equality of value

00:13:01.660 before the law, and equality of opportunity, and responsibility and order. And so, those are values that

00:13:09.900 are very different than the value set that Carney is putting forward. And so, then you might ask, if Carney

00:13:16.900 didn't derive what he believes Canadian values to be from the historical reality of Canada, from what source did he

00:13:24.780 derive his values? Now, you also might wonder why it's important to even delve into this. Well, the first

00:13:32.220 conclusion we could draw is that Carney wouldn't have written a whole book about values if he didn't think

00:13:37.020 that it was important to delve into values. And he certainly wouldn't have written a book revealing his

00:13:42.060 own values if he didn't think it was important to communicate to Canadians and people around the world what he

00:13:48.060 thinks Canadian values and his values are and should be. So, my focus on values, although I certainly

00:13:56.460 believe, as he does, that values are fundamentally important, I'm focusing on values because that's the

00:14:03.260 focus that Carney himself chose. All right. So, this is where we can link the facts of his resume to an

00:14:14.380 analysis of his genuine motivations.

00:14:18.060 So, let's first look in more detail at how Carney translates his core values into the beginnings of

00:14:30.300 policy. All right. So, Carney, in his book, Values, outlines his support for three of what I regard as the

00:14:40.380 least credible ideas that have emerged on the international landscape and the intellectual

00:14:46.540 landscape in the last 20 years. So, first of all, he's an explicit advocate of the diversity, equity and

00:14:54.780 inclusivity principles that have destroyed the modern universities, that have corrupted our

00:15:01.820 judiciary and our political institutions, and that have allowed the liberals to smuggle them,

00:15:08.380 modern federal liberals, to smuggle in what's essentially a relatively radical leftist

00:15:14.620 agenda under the guise of classical liberalism. Diversity, inclusivity and equity.

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00:16:22.620 The DEI Holy Trinity is a political policy movement predicated on the idea that Western society and that would include Canada is a corrupt patriarchy in its essence that marginalizes a variety of groups and purposefully so delegitimizing them and that the appropriate response to that is to segregate and identify people on the basis of their group identity.

00:16:52.600 And that would include race and identity and that would include race and sex and gender and all the other isms, all the other ism identities that you may have heard in the last 10 years to divide people on the basis of those identities and to privilege the marginalized, to bring them to the center.

00:17:11.040 Now, some of that presumption derives from postmodern philosophy and some of it is essentially Marxist in its orientation.

00:17:18.880 And so Carney's derivation of Canadian values, when the pedal hits the metal, let's say, or the rubber hits the road, the manner in which Carney translates his interpretation of Canadian values is the same manner that the radical leftists in the Democratic Party, for example, in the United States translated the same value propositions.

00:17:42.380 And that's to become an advocate for diversity, equity and inclusivity and to assume that human beings should be divided on the basis of their race and their sexual identity and their gender, et cetera, and that our culture is essentially oppressive at its core.

00:18:00.200 And so I believe that idea to be discreditable across multiple dimensions of analysis.

00:18:08.300 And it's certainly the case that it was roundly rejected by the American electorate in the last election cycle.

00:18:15.560 And you can also see that the Democrats themselves in the United States are backpedaling rapidly on the DEI front because they realize that it's a losing game in the short, medium and long run.

00:18:29.680 And so the first thing we might note is that when Carney is trying to formulate policy, one of the sets of policies that he put forward include this discreditable and divisive DEI formulation.

00:18:48.540 That's being part and parcel of the maneuvers by intellectuals to tilt the entire political world in a radically revolutionary and leftist direction.

00:19:01.500 OK, now, Carney also points out that he's a free market advocate.

00:19:06.240 But you see, this is a rather serpentine proposition because in his book Values, Carney also points out that all things considered, although the free market is necessary,

00:19:18.300 it doesn't really do a good job of valuing the world, it doesn't really do a good job of valuing the world.

00:19:21.740 So he points out, for example, that it's preposterous that Amazon, the company, is valued financially, economically higher than the Amazon rainforest.

00:19:32.460 And while that sounds good in principle, it's a very vague and foolish claim.

00:19:37.280 What Carney is pointing out is that the free market system can't attribute a financial value to all, to everything.

00:19:51.640 And that's true, and it's a problem.

00:19:55.640 But his solution is a technocratic solution.

00:19:59.340 And understanding that helps us understand the implications of his educational pathway and his career.

00:20:05.900 See, Carney, who has been a stellar advocate for the World Economic Forum policies, for example,

00:20:15.320 believes that because the free market cannot adequately value everything,

00:20:22.300 that it's up to a handful of highly educated elitist technocrats to step in and substitute central planning

00:20:32.700 so that the inadequacies of the free market system are properly rectified.

00:20:40.160 Now, the question that begs is, well, which experts, why those experts,

00:20:46.420 what legitimacy do they have as, let's say, unelected bureaucrats at the UN or the WAF,

00:20:52.920 or with regards to the European Economic Union, what legitimacy do they possess to make those central planning decisions?

00:21:05.080 And by what principles are they willing to value those things that can't be valued from within the free market system?

00:21:13.300 Well, we already started to delve into that when we talked about the diversity,

00:21:16.680 the equity and inclusivity provisions in Carney's thinking.

00:21:21.680 But the answer to that, you see, the answer to that points us in the direction of the most fundamental,

00:21:30.100 appropriate critique of Carney's thought.

00:21:33.400 So Mark Carney and his globalist compatriots genuinely believe that carbon overproduction

00:21:42.100 constitutes an existential threat to humanity.

00:21:46.220 Now, the IPCC, which is the UN body that delves into such things,

00:21:53.560 has not recognized that there's any such thing as a climate emergency.

00:21:57.440 There are climate concerns, but that's not the same as an emergency.

00:22:03.340 And Carney recently claimed to eliminate the carbon tax from Canadian consumers,

00:22:10.160 but that's a temporary pause, and he's transferred the carbon tax into the industrial domain

00:22:16.300 so that it's hidden from Canadians, and he's going to continue to pursue it.

00:22:20.620 Now, how do I know that?

00:22:22.140 Because the primary idea in Carney's book, Values, is that the climate crisis,

00:22:27.660 which translates into carbon dioxide overproduction,

00:22:30.940 is so dire and existential a threat that every single financial decision,

00:22:37.680 that every individual and every institution across the world makes,

00:22:42.140 should be focused on the necessity to ameliorate carbon production above all else.

00:22:48.960 And so make no mistake about it, even though Carney has taken steps to back off the carbon tax in Canada

00:22:57.100 because of its radical and justified unpopularity,

00:23:00.520 the fundamental axiom of his entire worldview is that human beings are locked in an existential battle with nature itself

00:23:09.940 and that we're a destructive force and that we're overproducing carbon dioxide

00:23:13.980 and that's going to decimate the planet

00:23:15.960 and that we have to do everything we possibly can to ameliorate that threat, no matter what it takes.

00:23:23.140 And so what that means for someone like Carney, who already believes that it's people like him that should be in control

00:23:29.580 because of their superior intelligence and their better grasp of the realities of the future,

00:23:35.700 it also means that he's facing the kind of existential emergency, carbon dioxide overproduction,

00:23:41.460 that justifies any maneuver possible on the basis that, of course, he has to do that

00:23:47.420 because, after all, he's saving the planet.

00:23:49.380 And so he can do things like tell Canadians that he's dispensing with the carbon tax,

00:23:55.120 which he hasn't done because it's still on the books and it's only a temporary pause,

00:23:59.260 but he's still an avid advocate of net zero policies and believes, for example,

00:24:05.280 and Canadians should very much listen to this,

00:24:07.540 that three quarters of the fossil fuels, fossil fuel reserves in the world have to be left in the ground.

00:24:13.940 Okay, and so he believes that we should approach net zero by the year 2050

00:24:19.460 and that it'll require a $2 trillion investment on the part of Canadians in order to make that happen.

00:24:25.820 Look, we can't stabilize the climate unless we get to net zero.

00:24:29.200 And so we're doing progress, but we're going at it slowly.

00:24:31.740 Well, we're doing progress. We need to accelerate it.

00:24:34.300 We want to stop coal, not just new coal, but stop use of coal by 2030.

00:24:39.020 And just to put that in perspective, that's about $300,000 out of your family's pockets, right?

00:24:47.140 So that's what Carney's planning.

00:24:49.400 He's planning to charge you $300,000 to move Canada towards net zero by 2050.

00:24:55.080 Now, let's take that part a little bit because you might say,

00:24:58.660 well, if the planet's in serious trouble, then everything is up for grabs

00:25:02.740 and we're going to have to spend that money because there's going to be a catastrophe.

00:25:05.520 And the first question would be, well, is that catastrophe impending?

00:25:10.180 And the second question would be, even if it is, is that the right plan?

00:25:14.660 So let's answer the first question first.

00:25:16.940 And I would say that there isn't a catastrophe impending.

00:25:20.700 Far more people die from cold weather than from warm weather.

00:25:24.100 And there's no evidence whatsoever that an emergency is at hand.

00:25:27.900 And the other thing I would say about that is that the biggest piece of data

00:25:32.740 pertaining to the carbon issue that's emerged reliably over the last 20 years

00:25:37.320 is the global greening phenomena.

00:25:40.340 So what's actually happened as carbon dioxide levels have risen for whatever reasons,

00:25:45.380 and some of that might be human cost,

00:25:47.780 what's actually happened is that semi-arid areas around the world

00:25:52.120 have become more green and by a lot.

00:25:54.980 So the planet is actually 20% greener than it was 30 years ago,

00:26:00.280 despite the prognostications of people like Al Gore.

00:26:03.800 And there's a very specific reason for that.

00:26:05.680 And the reason is, is that plants love carbon dioxide,

00:26:08.720 so it can hardly be regarded as a pollutant.

00:26:11.180 And it turns out that if carbon dioxide levels are elevated,

00:26:15.180 even slightly, as they have been in the last 100 years, let's say,

00:26:20.660 plants can breathe more easily.

00:26:22.400 Okay, well, so what?

00:26:24.460 Well, so you get more plant growth and more plants.

00:26:27.540 And if you're a fan of green, like the greens hypothetically are,

00:26:32.600 and the environmentalists, you'd kind of think more plants would be better.

00:26:36.760 And we see about a 13% increase in crop production in consequence of that, by the way.

00:26:42.660 And so there's 20% more vegetation worldwide.

00:26:45.300 But it's also mostly greened, in the most noticeable way, in semi-arid areas.

00:26:53.340 Now, you know, you heard the prognostications that as the climate warmed,

00:26:56.480 that the deserts would expand.

00:26:58.040 But actually, exactly the opposite is happening.

00:27:01.260 Semi-arid areas around the Sahara Desert, for example, are shrinking.

00:27:04.720 And the reason for that is that as carbon dioxide levels go up,

00:27:09.100 because plants can breathe more easily,

00:27:11.460 the breathing pores that they use can shrink in size

00:27:15.640 because they don't have to be as open to pull in enough carbon dioxide.

00:27:19.740 And that means that they lose less water.

00:27:22.700 And that means that they can grow in drier areas.

00:27:25.600 And so now the reason I'm telling you all that

00:27:28.160 is because there are effects of carbon dioxide increase.

00:27:30.720 And some of them might be troublesome and some of them might be beneficial.

00:27:35.380 But there's no evidence whatsoever that there's an emergency.

00:27:38.620 And I think a very strong case can be made, for example,

00:27:41.740 that we were at historic lows in terms of carbon dioxide proportion

00:27:46.800 in the atmosphere across a 500 million year period, right?

00:27:50.640 So now and 50 years ago, our atmosphere had the lowest concentration

00:27:55.580 of carbon dioxide that's been recorded in half a billion years.

00:27:59.400 So that's a long time frame.

00:28:01.420 We're getting close to the point where plants were actually going to struggle,

00:28:05.320 going to have to struggle to breathe because the carbon dioxide levels were so low.

00:28:10.380 And so now they've increased somewhat and plants are having an easier time

00:28:14.100 and our crops are about 13% more efficient in consequence.

00:28:17.960 And the planet is actually getting greener.

00:28:21.200 So I don't think there's any reason at all for us to assume

00:28:24.660 that we have an ecological emergency on our hand.

00:28:28.360 I think, in fact, you can make somewhat of the opposite case.

00:28:31.240 But be that as it may, let's say there's room for reasonable difference

00:28:37.080 with regard to that interpretation.

00:28:40.120 If you're more interested in that, I would highly recommend the work of Bjorn Lomborg,

00:28:44.900 who's a Danish economist, who's organized teams of economic analysts,

00:28:49.660 a very good one, Nobel Prize winning economists,

00:28:53.220 to assess the costs and benefits of carbon dioxide increase over about a hundred year period.

00:28:58.740 And I don't know anyone more informed than Lomborg to have such a discussion.

00:29:03.600 And he certainly has concluded, A, that there's no emergency,

00:29:07.840 B, that there will be some costs to CO2 increase over the next hundred years.

00:29:12.380 And that'll mean that we'll be somewhat less richer in a hundred years

00:29:16.200 than we would have been, given our trends for economic improvement.

00:29:20.100 And that, most importantly, that spending untold trillions of dollars,

00:29:25.940 like Carney wants to do, $2 trillion for Canada, for example, by 2050,

00:29:30.420 to ameliorate the minor effects of climate change,

00:29:34.960 is catastrophic economically.

00:29:37.340 So I don't really believe there is a carbon dioxide emergency,

00:29:41.180 but even if there is a concern,

00:29:45.120 spending vast amounts of money carelessly in a rush and panic

00:29:50.840 is not going to do the planet any good

00:29:53.320 and is going to be particularly hard on poor people

00:29:56.240 who are particularly dependent on,

00:29:59.780 who are particularly affected by energy cost changes.

00:30:03.440 Success in business isn't just about offering an amazing product or service,

00:30:07.940 though that's certainly essential.

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00:31:16.360 So what that means is if you increase energy costs, for example, by making fossil fuel more

00:31:24.340 expensive before there's anything approximating a reasonable explanation, mostly what you do

00:31:29.480 is devastate the poor.

00:31:30.820 And you devastate the poor in the Western world, and you absolutely devastate the poor

00:31:35.200 in places like Africa.

00:31:36.640 Now, the globalist utopians like Carney are perfectly willing to say, well, we're going

00:31:42.880 to have to pay a price in the moment because the situation is so dire.

00:31:47.640 And even if the poor have to suffer right now, it's much less than the poor in 100 years would

00:31:52.760 suffer if we didn't take action.

00:31:54.740 And my response to that is you're willing to sacrifice the actual poor now for your hypothetical

00:32:02.800 poor in 100 years.

00:32:05.080 And you're modeling those hypothetical poor with your economic and climate models, which

00:32:10.120 are radically unstable.

00:32:11.300 And you also believe, and this is absolutely delusional, that you have the economic and

00:32:17.620 scientific wherewithal to do anything like a reasonable estimation of what the Earth's

00:32:23.300 economy is going to be like in 100 years.

00:32:25.660 Yeah, well, good luck on that front.

00:32:27.820 And so it's definitely the case that poor people are going to pay a terrible price for

00:32:32.900 the carbon dioxide emergency fear mongering in the moment.

00:32:36.240 And it's completely debatable whether these steps that have been taken to ameliorate the

00:32:42.600 problem, which don't work, by the way, are going to have any beneficial effect whatsoever

00:32:46.720 on anyone at all 100 years out.

00:32:50.420 We just can't model 100 years out.

00:32:52.240 That's just no one who's credible thinks we can develop economic models that predict over

00:32:57.760 a 100-year period.

00:32:59.540 So, all right, so let's pull back from that now a little bit.

00:33:05.100 So why don't we also take a look at, let's give the devil his due in a more comprehensive

00:33:10.320 way, and let's assume that Carney's right about the carbon dioxide emergency, and he's not,

00:33:15.960 and that radical steps have to be taken to ameliorate the problem, and that those radical

00:33:22.580 steps will have the desired effect, right?

00:33:26.520 Because Carney's promise is that if we dump $2 trillion into renewables and net zero, that

00:33:31.760 that's going to have a measurable impact on the climate and carbon dioxide amelioration,

00:33:36.520 and that's going to be beneficial for people.

00:33:38.600 But we don't have to guess at this anymore because there's been a number of countries,

00:33:43.140 including Canada, that have taken steps to ameliorate fossil fuel utilization and to move

00:33:50.180 towards net zero.

00:33:51.560 And so let's start with Canada.

00:33:54.360 So one of the things you guys might have noticed is that in the last month, Trump signed a trillion

00:33:59.400 dollar deal for the sale of natural gas.

00:34:04.520 Now, the prime minister of Germany, the head of Germany, sorry, not the prime minister, and

00:34:10.460 the prime minister of Japan came to Canada a year ago, two years ago, cap in hand, asking

00:34:16.640 the Liberal Party if Canada could make long-term arrangements with their countries to provide

00:34:22.340 them with natural gas.

00:34:23.740 And Trudeau said he couldn't make a business case for that.

00:34:26.180 And Trump just signed a trillion dollar deal.

00:34:28.860 And I guess that was the business case.

00:34:30.800 And that's $150,000 for every Canadian family that went down the drain just with that one

00:34:36.660 deal.

00:34:37.280 And there's estimates that the Trudeau Liberals, the Liberal Party, has put the kibosh on $650

00:34:45.280 million worth of natural resource projects over the last 10 years.

00:34:49.840 And so that's how we've been solving the carbon dioxide crisis from the Canadian perspective.

00:34:55.780 And what's been the consequence of that from the environmental side?

00:35:00.160 Well, first of all, Canada produces such a tiny proportion of carbon dioxide output on

00:35:06.280 the international stage that we don't even count.

00:35:09.000 Plus, our country is so forested that we're radically negative in the carbon dioxide production

00:35:15.060 direction anyways.

00:35:16.620 And even if we have rectified our carbon dioxide output by calamitously destroying our fossil

00:35:25.120 fuel economy, it makes absolutely no difference whatsoever.

00:35:28.480 Because all that's happened is that China, that has, you know, like 25 times as many people

00:35:35.340 as Canada, and India, which has even more people, economies and populations that are so large

00:35:43.080 that they make Canada fundamentally irrelevant on the industrial and the population side.

00:35:48.360 All they've been doing is picking up the slack.

00:35:50.420 And so China's carbon dioxide output has increased radically over the last 20 years, as has India's,

00:35:57.860 swamping any possible effects of climate amelioration by tiny populations like Canada.

00:36:05.400 And the Chinese and the Indians think, well, why can't we benefit from industrialization just

00:36:11.700 like the West has?

00:36:12.920 A question Africa's asking as well.

00:36:14.860 And they're absolutely right.

00:36:16.280 And so all it's meant, you can see this with Australia, for example, because Australia

00:36:20.920 has foregone all coal-fired electrical production in their country, but they ship coal to China

00:36:26.680 and China builds coal plants like mad, as does India.

00:36:29.960 And since we all breathe the same air, all that's actually happened is the industrial power that

00:36:35.720 could have been Australia's and Canada's has been shifted to China, which is a terrible

00:36:40.160 authoritarian communist state, and to India, which at least has the advantage of being somewhat

00:36:46.100 like a Western democracy.

00:36:48.280 So now, so the Canadian contribution to environmental improvement has been negligible, absolutely

00:36:56.140 negligible, no practical effect whatsoever.

00:36:59.000 But the economic consequences have been absolutely dire.

00:37:01.920 So Canada now, the richest Canadian province, has a lower gross domestic product per person.

00:37:08.880 So that's an indication of our total economic productivity.

00:37:12.740 We're lower than Mississippi.

00:37:14.380 Canadians produce 60 cents of value for every dollar the Americans produce, despite the fact

00:37:22.420 that 10 years ago, and that's before the Liberals were in power for a decade, Canada

00:37:27.320 and the U.S. were equal.

00:37:29.580 We were at parity.

00:37:30.940 And so, and the forecast for Canada's economic development, and this assumes something like

00:37:37.360 the continuation of the policies that were put in place by the Trudeau Liberals, is that

00:37:41.340 we will have the worst economic performance of the 40 most developed countries in the world

00:37:47.300 for the next four decades.

00:37:49.380 So if you want more of that, much more expensive fossil fuel, much more expensive air conditioning

00:37:55.640 and heat for your house in frigid Canada, and you want your children to live in a society

00:38:01.440 that's radically poor so that globalist utopians can fail to do anything for the planet, then

00:38:07.580 Carney's your man.

00:38:08.740 And these corporations that he worked for and these positions he held were all positions

00:38:16.000 that enabled him not only to follow the doctrines of those who believe that net zero is an existential

00:38:22.740 necessity, not only to follow them like Trudeau did, but to lead them.

00:38:28.280 Because, you see, Carney is not only an acolyte of the net zero globalist vision, he's a true

00:38:34.940 leader.

00:38:35.600 And it was Carney who was a climate envoy to the UN, for example.

00:38:39.420 And he also organized a very large number of the world's biggest financial institutions

00:38:45.640 to pursue net zero policies in preference even to their financial obligations to their shareholders.

00:38:53.960 And so to understand Carney, you see, you have to understand that he prioritizes the hypothetical

00:39:04.060 health of the planet, narrowly defined as the proportion of carbon dioxide in the atmosphere.

00:39:10.860 So a very narrow environmentalist view.

00:39:13.380 He prioritizes that above all else.

00:39:16.020 All of the values that he describes in his book, everything that Carney holds dear, is predicated

00:39:22.100 on his view that we're facing an apocalyptic future on the environmental side that's all

00:39:27.600 due only to carbon dioxide overproduction.

00:39:30.420 And that means we don't even pay any attention to any of the other environmental problems that

00:39:33.960 are confronting us, like oceanic overfishing, for example, which also constitute issues that

00:39:40.480 should be of some concern.

00:39:41.920 And so Carney's entire vision of the world and vision of Canada hinges on his faith, and

00:39:51.180 I would call it a quasi-religious faith, that the planet's atmosphere is to be prioritized

00:39:58.160 above absolutely everything, and that that's such an emergency that everything is permitted.

00:40:06.200 Everything is permitted.

00:40:07.260 And so that means Carney can do things, for example, like present himself as the kind of

00:40:13.680 outsider of the Liberal Party, for example, who will come in with radically new views and

00:40:19.460 develop Canada into an industrial powerhouse.

00:40:21.900 It's like, first of all, that's a lie.

00:40:25.460 It's actually two lies.

00:40:27.280 First of all, he is not an outsider.

00:40:29.200 Carney is a consummate, bureaucratic, liberal insider.

00:40:33.540 He's the godfather of Chrystia Freeland's child, and his new cabinet is composed of all the

00:40:42.040 people who played the roles that we've described already in the Trudeau years.

00:40:47.260 And it's certainly the case that he hasn't budged from his presumption that we have to hit

00:40:53.060 zero, net zero by 2050, because that's still up on his website.

00:40:57.820 And he could say that he wants to lead Canada into an industrial future that's successful.

00:41:03.860 But if you read his book, Values, you'll see that he means that we're going to produce a

00:41:08.460 new renewable economy, which in Canada is insane, apart from perhaps hydroelectric production

00:41:15.280 and nuclear, if the Greens were willing to go in that direction.

00:41:19.060 But what Carney means by industrial progress on the Canadian front is a new and unproven

00:41:25.460 economy that relies primarily on a net zero shift and renewables.

00:41:29.940 So now we might say, how has that worked out in the rest of the world?

00:41:33.140 Well, Canada's attempts on the environmental front have had absolutely no effect whatsoever

00:41:38.180 on the health of the atmosphere globally, despite the fact that it's cost Canadians

00:41:43.300 their primacy of position economically and put us on a downward trend that is likely to

00:41:48.780 continue for at least 40 years.

00:41:50.400 If you want a future for your children and your grandchildren that is characterized by more

00:41:54.600 and more wealth disparity and increasing emphasis on a net zero future and massive disparity between

00:42:03.280 Canada and the U.S. in terms of economic growth, then Carney's definitely your man.

00:42:08.220 So, with regards to this promised utopia of a new future, one of the things Carney says,

00:42:15.460 for example, after he talks about the fact that 75% of our fossil fuel resources will have

00:42:20.960 to be left in the ground, is this promised new magical utopia of renewable jobs, especially

00:42:27.480 for places like Alberta.

00:42:29.180 Now, he says that if we unleash innovation in the private sector, that all the problems that

00:42:35.900 are associated with the transition to net zero will somehow be solved.

00:42:39.940 So, let's see what's happened in countries where that's actually being attempted.

00:42:45.700 So, I think we should talk about Germany and the U.K.

00:42:49.700 So, Germany has been more green, arguably, than Canada, let's say, for the last 10 years.

00:42:55.500 And they've shut off their nuclear plants and they've made a transition to renewables.

00:43:00.440 And so, what's the consequence of that?

00:43:02.020 Well, one consequence is that German energy prices are now five times as expensive as they

00:43:08.280 are in the U.S.

00:43:09.120 And then you might say, well, that's a small price to pay for saving the planet, but then

00:43:14.660 we could take that apart.

00:43:15.980 So, Germany is rapidly de-industrializing and their economy is tanking.

00:43:20.900 And all the industrial production that they no longer manage is only shifting to other places

00:43:28.420 in the world, like China and India, so it's not like it's going away, it's just not happening

00:43:32.700 in Germany.

00:43:33.780 And they're dependent on, increasingly dependent on renewables, solar and wind.

00:43:39.700 And Germany is one of the world's sunniest countries, and it's also susceptible to what

00:43:44.860 they call wind drought.

00:43:46.120 So, there are long periods of time where the solar arrays and the windmills aren't producing

00:43:52.040 any electricity.

00:43:54.460 And like, zero electricity is not very much electricity.

00:43:57.720 Now, why is that a catastrophe?

00:43:59.800 It's like, well, do you want your refrigerator on or off?

00:44:02.560 Or even more to the point, do you want to be able to go to the hospital and make sure

00:44:06.040 that there's electricity when you're having emergency surgery?

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00:45:13.440 You know, and there are signs, for example, that places like Australia that have been

00:45:21.220 moving down the renewable pathway are facing the imminent threat of rolling blackouts, and

00:45:26.900 that could easily happen in places like Germany.

00:45:29.200 Okay, so now the problem with renewables is that we can't store the energy.

00:45:33.880 We don't have the battery technology and the battery infrastructure.

00:45:36.840 Not even close.

00:45:37.780 And it's going to be a long time before we do, at least 20 years, maybe longer than that.

00:45:42.720 And so the question is, now what do you have to do because renewable energy is so unreliable?

00:45:49.200 Sometimes this, like at night, the sun doesn't shine, in case you haven't noticed, and the

00:45:54.420 wind stops blowing.

00:45:55.780 And so then renewable production falls to zero.

00:45:59.060 Now, you have to have something to back that up.

00:46:02.280 And worse, you have to have something of the same size as the entire renewable grid, because

00:46:08.200 otherwise it can't handle the power demands.

00:46:10.280 And so that means that as you switch to a renewable grid, you have to have another grid in place

00:46:15.900 that has exactly the same capacities.

00:46:18.360 And it has to be not renewable.

00:46:20.420 So what that means is that when you build a renewable grid, you build it in addition to

00:46:24.600 the pre-existing grid.

00:46:25.980 And then you might say, well, if the renewable sources aren't producing energy, you could

00:46:32.780 just turn to nuclear.

00:46:33.860 But there's a couple of problems with that.

00:46:35.620 First of all, you can't turn a nuclear power plant on and off quickly, as you might well

00:46:41.160 imagine.

00:46:42.160 And the Germans, for example, scuttled their nuclear plants.

00:46:45.480 And so what have they done?

00:46:47.320 They've turned to coal-burning plants.

00:46:50.080 And the Germans don't burn anthracite, which is high-quality coal that doesn't produce much

00:46:54.340 particulate matter, which is like the dust pollution that would be associated with smog.

00:46:59.800 And they burn lignite, which is low-quality coal.

00:47:02.380 And it produces a lot of particulate, plus it produces a lot of carbon dioxide.

00:47:07.340 And so what's happened in Germany after 10 years of green idiocy is that their power prices

00:47:15.080 are five times as expensive.

00:47:16.660 They're hyper-reliant on places like Russia and the Middle East for their fossil fuel production,

00:47:22.640 not least because Canada was too daft to enter into an agreement with them.

00:47:26.940 And they pollute more per unit of energy produced than they did 10 years ago.

00:47:33.880 So even if you accept the environmentalist argument that carbon dioxide overproduction

00:47:39.140 is an existential crisis, which it isn't,

00:47:42.100 and you say, well, something substantial needs to be done to ameliorate the threat,

00:47:51.400 you have to observe that when something substantial has been done,

00:47:55.460 so that's the creation, let's say, of a renewable power grid,

00:47:58.080 the consequence is not only that the atmosphere doesn't improve with regards to carbon dioxide

00:48:05.660 proportion, but that the pollution problem actually gets much worse,

00:48:10.880 as well as energy becoming more expensive and unreliable.

00:48:14.420 And so what?

00:48:14.960 That's what you want Kearney to do for Canada.

00:48:17.240 And for Canada, there's not a country in the world that's more dependent fundamentally

00:48:21.240 for its existence on reliable energy, because Canada is uninhabitable

00:48:26.760 without an unbelievably well-developed industrial and energy infrastructure

00:48:31.140 just to keep us alive when it's 40 bloody below.

00:48:34.800 And then our economy is radically dependent on our natural resource production.

00:48:38.660 Now, it shouldn't be that dependent on natural resource production,

00:48:43.360 because we should be doing value-added investment.

00:48:46.140 For example, refining our fossil fuel resources to a higher degree than we currently do.

00:48:53.700 Most of that's done in the United States, and we should do things to ensure that we make

00:48:57.820 the proper transition into a technologically driven future.

00:49:01.460 But Kearney says absolutely nothing about any of that in his book, Values.

00:49:05.740 And so he just magically handwaves and says, oh, well, if you unleash the private sector,

00:49:10.940 there'll be this magical net zero transformation, and everyone will have much more productive jobs,

00:49:17.120 and the planet will be much greener, and we won't need to rely on fossil fuels.

00:49:22.100 Well, we don't just rely on fossil fuels for energy, folks.

00:49:26.220 We rely on fossil fuels to make damn near everything that we make, including our agricultural products.

00:49:33.180 And so you also hear the net zero people claiming that agricultural production has to be slashed radically.

00:49:39.200 And so you can imagine what that's going to do to food costs if you haven't noticed.

00:49:43.060 And part of the reason for that is that the fertilizers that we use, ammonia, for example,

00:49:47.680 are created out of fossil fuels.

00:49:49.580 And so you have no idea how much the entire economy, and so that's your bread and butter

00:49:55.540 and your house and your heating and your air conditioning and your travel and your vacations

00:50:00.120 and your kids' future, that's all dependent on the fossil fuel economy.

00:50:05.240 And so Kearney, there's two tacks you can take to Kearney.

00:50:09.680 One is either he's learned that his net zero preoccupation was wrong,

00:50:15.580 which means every single thing he thought while he was being educated and while he had his highfalutin career,

00:50:22.780 every single thing he thought was radically not only wrong, but the opposite of the truth.

00:50:29.820 That's one conclusion.

00:50:31.100 Or he still thinks what he's always thought, which is certainly what it seems to be in his book, Values,

00:50:36.180 and certainly seems to be the case with his continuing insistence that we have to hit net zero by 2050

00:50:42.980 and spend $2 trillion doing it.

00:50:45.380 The alternative conclusion to he was just radically wrong and has learned is that he hasn't learned a damn thing.

00:50:52.180 And it's still his fundamental axiomatic presupposition that human being industrial production

00:51:00.520 leading to carbon dioxide overproduction is an existential threat that should be everyone's top priority

00:51:08.840 for every financial decision that they make and that everything should be secondary to that.

00:51:15.240 And that implies that his claim to eliminate the carbon tax, for example,

00:51:21.240 and to move Canada onto a more solid industrial footing in the future is just a lie.

00:51:29.120 So those are your options.

00:51:31.080 Either he was completely wrong about everything for the last 20 years in the worst direction possible

00:51:35.520 and has learned, or that he hasn't learned a damn thing and is still sticking to exactly what he wrote

00:51:41.300 in his book, Values, in 2021, and exactly what he's indicated in all of his public pronouncements,

00:51:46.540 and he's going to act as if he's in favor of Canadian economic development,

00:51:51.960 but he's going to keep pursuing a net zero agenda because that's priority number one.

00:51:56.320 And you peasants are too stupid to understand the reality of the situation that's in front of you.

00:52:02.720 And so that's going to mean no flights for you and no clothes for you,

00:52:06.260 maybe three changes of clothing per year, only a short haul flight every three years, for example,

00:52:12.620 a radical reduction in the amount of meat that you eat, a radical reduction in private car ownership.

00:52:19.300 And you might think, well, that's paranoid conspiracy theory.

00:52:22.040 But you can go look at the documents of the C40 coalition of the top cities in the world

00:52:27.340 and look at their aims for the next 20 years.

00:52:30.220 And you can decide if they're on the same side as Carney or whether they're on your side.

00:52:34.640 And you can draw your own conclusion.

00:52:36.240 Because if your presumption is that the planet is facing an environmental catastrophe

00:52:41.860 because of carbon dioxide production, and that that's such an emergency

00:52:45.820 that we have to do every possible thing we can with every financial decision,

00:52:50.440 no matter how much it costs to ameliorate it,

00:52:52.960 then there's no limit whatsoever to the amount of power that you're willing to expend to make that happen.

00:52:58.920 And we know it'll happen because it's already happened to Germany and the UK,

00:53:02.360 and it's happened to a large degree to Canada.

00:53:04.320 And there's no reason to assume at all that Mark Carney is a leopard who's changed his spots.

00:53:10.880 Quite the contrary.

00:53:12.780 And so what's the conclusion with regards to his pedigree?

00:53:16.340 It's like Mark Carney's an educated person, and he's no fool.

00:53:19.720 But he's completely untested in the electoral domain,

00:53:22.180 and he obviously has contempt for it because he's willing to be prime minister

00:53:25.680 and to act like a governing prime minister,

00:53:28.660 despite the fact that he's never put his policies to test in front of the Canadian electorate,

00:53:33.060 despite the fact that only 130,000 people have positioned him as prime minister,

00:53:38.340 and despite the fact that he's apparently willing to deceive Canadians about being an outsider,

00:53:42.820 which he most certainly is not,

00:53:44.920 and with regards to his actual aims, which is net zero by 2050,

00:53:49.400 and he's willing to claim the contrary because he's going to turn Canada into an industrial powerhouse.

00:53:53.940 So that means he's either wrong about everything he's believed in the last 20 years,

00:53:58.300 and radically so,

00:53:59.320 or he's lying because he thinks the emergency justifies it,

00:54:02.680 and maybe because he's after power.

00:54:04.660 Now let's investigate that a little bit.

00:54:07.120 So,

00:54:08.420 is Carney primarily after power?

00:54:10.800 Perhaps for the reasons that we just described.

00:54:13.560 Perhaps because he's using the reasons we just described,

00:54:16.760 his concern for the future to justify his grip on power.

00:54:22.560 That's another alternative.

00:54:23.960 Well,

00:54:24.180 let's see how he's conducted himself.

00:54:25.980 Well,

00:54:27.020 he hasn't complained to Canadians with regards to his true aim.

00:54:31.640 It's like,

00:54:32.060 is he a net zero advocate by 2050 or not?

00:54:35.080 Well,

00:54:35.280 we want to build Canada into an industrial powerhouse.

00:54:37.880 It's like,

00:54:38.340 which is it,

00:54:39.040 buddy?

00:54:39.260 Because you're not going to do both.

00:54:40.460 You're not going to crisscross Canada with fossil fuel pipelines while aiming at net zero by 2050.

00:54:47.720 You're not going to do that.

00:54:49.260 And so,

00:54:49.840 you were either wrong and so wrong that it's a miracle,

00:54:52.620 or you're deceiving Canadians because you think the emergency justifies it.

00:54:56.680 That's the stark reality of the situation.

00:54:59.540 Now,

00:55:00.180 what is the evidence that the more stark reality,

00:55:03.960 for example,

00:55:04.540 that Carney is deceiving Canadians,

00:55:06.420 what's the evidence that that's the case?

00:55:08.720 Okay,

00:55:09.060 well,

00:55:09.740 let's say that it wasn't the case and that he's playing a straight game.

00:55:14.380 Well,

00:55:14.520 so then you're going to ask yourself,

00:55:15.940 why did he parachute himself into power the way he did?

00:55:18.820 And why has he claimed publicly that he's an outsider?

00:55:22.040 But let's say,

00:55:23.380 Oh boy.

00:55:24.000 Let's say,

00:55:24.580 just,

00:55:25.260 just,

00:55:25.640 just throw it out.

00:55:26.900 Look at you trying to preserve the relationship all of a sudden.

00:55:30.640 A wild hypothetical.

00:55:31.820 Let's say the candidate wasn't part of the government.

00:55:35.700 Let's say the candidate did have a lot of economic experience.

00:55:39.060 Let's say the candidate did deal with crisis.

00:55:42.340 Let's say the candidate had a plan to deal with the challenges in the here and now.

00:55:46.900 You sneaky.

00:55:47.960 You're running as an outsider.

00:55:49.960 I am an outsider.

00:55:51.860 He proclaimed that on American television on the Jon Stewart show in front of like millions of people.

00:55:56.920 Right?

00:55:57.400 So that's an international plan.

00:55:59.620 We'll give the devil his due a little bit more.

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00:57:01.760 Carney's actually learned.

00:57:03.460 He saw what happened under Trudeau.

00:57:05.360 He can see that the net zero pursuit is untenable,

00:57:09.280 although he has not formally repudiated it one bit,

00:57:13.460 and it's still written down in black and white in his values.

00:57:16.560 But then what would he do?

00:57:18.720 Here, he'd call an election,

00:57:21.620 because he's duty-bound, morally-bound to call an election,

00:57:24.640 and he would make the election long, as long as he possibly could,

00:57:29.320 because that way he could go door-to-door,

00:57:32.700 and he could meet the Canadian public,

00:57:34.160 and he could let them get to know who he is,

00:57:36.280 and he could take intrusive questions from the press

00:57:39.760 without getting peevish and annoyed,

00:57:41.580 and he would outline his new industrial vision,

00:57:44.080 and he would say why he was wrong about net zero and about ESG.

00:57:47.240 That's that presumption that there should be central planning

00:57:50.920 to fill the gaps of the free market,

00:57:53.980 and that he was wrong about DEI,

00:57:55.860 and that's about everything that he believed,

00:57:57.500 and that he didn't understand Canada's core values.

00:58:00.020 And despite the fact that he was absolutely wrong

00:58:02.200 about everything he believed,

00:58:03.460 he's now the guy to lead the country into an industrial revolution.

00:58:06.480 And he could take a couple of months to convince Canadians of that,

00:58:09.260 or he could call a snap election,

00:58:11.840 hoping that all of the noise around Donald Trump

00:58:15.220 and his relatively foolish proclamations re-Canada

00:58:17.880 has given Carney an undeserved advantage,

00:58:22.600 and he could shorten the election cycle

00:58:25.480 so that Canadians can't figure out who the hell he is,

00:58:28.620 and rely on the apparent validity of his resume

00:58:33.260 to propel him into the seat of the prime ministership.

00:58:37.100 And so, what's he doing?

00:58:39.380 Well, you could ask yourself that.

00:58:40.840 It's like, did you know any of these things about Carney

00:58:43.180 that I just described?

00:58:45.240 And if you didn't know them, well, why didn't you know them?

00:58:47.860 And well, part of the reason for that is,

00:58:49.240 well, Carney hasn't told anyone,

00:58:50.540 although he did write the book Values,

00:58:52.140 but who's read that, right?

00:58:54.060 But I read it, and I understood it,

00:58:56.280 and I'm doing my best to explain to you what it meant.

00:58:59.180 He's got the wrong idea about Canadian values,

00:59:01.500 because we're not a fundamentally utopian,

00:59:05.420 socialist, elitist, top-down, central planning society.

00:59:14.340 We're a Western democracy,

00:59:16.500 and the principles that Carney outlined

00:59:18.420 as cardinal values of Canadians

00:59:20.660 are not the cardinal values of Canadians.

00:59:23.380 And it's an interesting thing

00:59:24.520 for the bloody Liberals to do anyways,

00:59:26.660 because under Trudeau,

00:59:28.160 we heard nothing but the proclamation

00:59:29.920 that Canada had no core set of values,

00:59:31.960 and that we were really a post-national state,

00:59:33.840 and that insofar as we had any national identity at all,

00:59:37.060 it was mostly that of genocidal,

00:59:39.800 capitalist, patriarchal oppressors.

00:59:42.240 And so I don't understand at all

00:59:44.000 how the Liberals under Carney,

00:59:46.320 who's certainly not an outsider,

00:59:47.860 can be waving the flag of Canadian virtue

00:59:50.120 at this point,

00:59:51.580 while also proclaiming that they've got their finger

00:59:54.380 on what the Canadian core values are,

00:59:56.380 translated into DEI and ESG and net zero,

01:00:01.640 which are radical, leftist, globalist, utopian,

01:00:04.680 top-down, central planning dogmas

01:00:06.900 that are incredibly expensive

01:00:08.740 and truly ill-advised.

01:00:11.260 Now, Carney, as far as I can tell,

01:00:13.440 would rather that you didn't figure that out.

01:00:15.620 And the reason for that

01:00:16.460 is that he's riding high in the polls

01:00:18.140 because Canadians look at his resume

01:00:19.920 and they think he's qualified.

01:00:21.540 And I can understand that

01:00:22.860 because at the surface,

01:00:25.060 his resume is impressive.

01:00:26.720 But the question is,

01:00:27.740 what has all that experience taught him?

01:00:30.640 Well, it's taught him to be elitist to the extreme.

01:00:33.300 It's taught him that him

01:00:34.200 and his cabal of compatriots

01:00:36.320 at the globalist level

01:00:37.600 know better than you dim-witted peasants

01:00:40.160 who are going to have to pay the price

01:00:41.700 for his utopian vision.

01:00:43.920 And it's taught him that,

01:00:45.560 well, the environmental crisis is so terrible,

01:00:47.940 that's the carbon dioxide problem,

01:00:49.400 that it's up to a handful of globalist elites

01:00:52.500 to take the steps necessary to put things right.

01:00:55.260 And if that means that the typical Canadian

01:00:57.920 has to be made poor,

01:00:59.740 well, that's going to happen anyways

01:01:01.240 as the planet boils.

01:01:02.600 And besides that,

01:01:03.740 you peasants are too dim-witted

01:01:05.020 to understand the nature of the,

01:01:06.820 what would you say,

01:01:08.020 existential threat that confronts you.

01:01:10.020 And it's too bad for you

01:01:11.380 that your children are going to be poor

01:01:13.240 because you need that.

01:01:14.760 We need that to save the planet anyways

01:01:17.160 as we jet off to Davos in our private aircraft

01:01:20.440 and conspire to save the world.

01:01:22.560 And so let's talk about Davos

01:01:24.200 because that's the WF people,

01:01:26.600 the World Economic Forum.

01:01:27.880 And so I'll tell you a little story about them

01:01:29.660 and how much they care about

01:01:31.580 what you bloody peasants think.

01:01:33.260 So, a couple of years ago,

01:01:36.580 I formulated this Alliance for Responsible Citizenship

01:01:40.000 with a handful of people in the UK

01:01:42.440 and a stellar group of advisors.

01:01:45.360 And it's spread itself out now internationally

01:01:48.760 with some real effect.

01:01:50.360 And we had about 4,500 people

01:01:51.960 come to the UK a month ago

01:01:55.660 and that went very nicely.

01:01:57.280 And you might say,

01:01:58.060 well, how do we know that you people

01:01:59.540 aren't just another bunch of globalist utopians

01:02:02.340 and it's another conspiratorial cabal

01:02:04.240 and to hell with the little guy.

01:02:05.420 And here's what I would say to that.

01:02:07.480 You know, we made every single thing

01:02:09.860 our speakers said public.

01:02:11.320 It's all on the Alliance for Responsible Citizenship website.

01:02:15.440 And so you can see exactly what we're up to

01:02:17.380 because we've been radically transparent.

01:02:19.500 And then you might say,

01:02:20.740 well, what's the consequence of that?

01:02:22.660 And here's the consequence.

01:02:24.140 At our first conference,

01:02:25.220 we had an arena event

01:02:27.400 that attracted 12,000 people

01:02:29.080 where some of the primary people

01:02:30.640 from the Alliance for Responsible Citizenship

01:02:33.600 spoke directly to the public.

01:02:35.420 But the fact that we've released all these videos

01:02:38.320 enables us now to contrast ourself

01:02:41.200 and our communication ability

01:02:42.600 with the WEF, for example.

01:02:45.360 So at the moment,

01:02:46.960 our videos are outperforming the WEF videos

01:02:50.640 by really by an order of magnitude.

01:02:53.360 And so why is this relevant?

01:02:54.780 Well, the WEF has been around for decades

01:02:56.740 as the Davos globalist types

01:02:58.620 conspire in their elitist bubble

01:03:01.100 to manipulate the planet to their own benefit

01:03:03.560 and to hell with you peasants.

01:03:04.900 And the proof of that is the fact that

01:03:07.320 no one watches any of their content.

01:03:10.680 Well, why?

01:03:11.780 It's because they haven't put any effort

01:03:13.580 into publicizing their content

01:03:15.700 because they don't really give a damn

01:03:17.100 what you think or what you know.

01:03:18.880 And so the ARC, for example,

01:03:21.800 like we're kind of a bare-bones organization.

01:03:24.500 You know, we've only been around for two years

01:03:26.200 and we're still struggling to find economic purchase.

01:03:29.200 And we've managed to produce a communication network

01:03:31.780 that has radically,

01:03:35.260 has been radically more successful

01:03:37.060 at communicating with the public than the WEF,

01:03:39.540 despite the fact that they've been around for decades.

01:03:41.460 And Carney is part of that Davos crowd.

01:03:44.760 And if you think that they care what you think,

01:03:47.240 then you should give some thought to the fact

01:03:48.880 that this is going to be a very short election.

01:03:51.160 And that the reason for that is that Carney would rather not

01:03:54.260 that you didn't know what he's like

01:03:56.180 or what he's up to,

01:03:57.220 because he has a planet to save.

01:03:59.340 And you dim-witted populists

01:04:00.840 are just going to get in the way

01:04:02.040 with your idiot concern for your heating

01:04:03.960 and your air conditioning

01:04:05.220 and the odd vacation

01:04:06.640 and for the, like, economic future of your children.

01:04:10.620 And so, we'll unwind right to the beginning.

01:04:14.920 Look, Carney looks impressive on paper,

01:04:17.960 and I can understand why Canadians think

01:04:20.140 he's the man for the moment,

01:04:22.000 because he was vetted, for example,

01:04:23.660 by the Brits who put him in charge of the Bank of England.

01:04:26.300 But I can also tell you what happened

01:04:27.700 when he was in charge of the Bank of England.

01:04:30.240 And I know this because I know people who are affected,

01:04:33.380 and I mean rich people,

01:04:34.960 who are affected by his decisions

01:04:38.100 as head of the Bank of England.

01:04:39.900 So, the policies that Carney put forward

01:04:43.140 as the head of the Bank of England

01:04:44.880 produced an asset boom.

01:04:47.020 And what that means is that stock prices

01:04:49.560 went upward radically.

01:04:52.680 And what that meant was that

01:04:54.460 the people who have a tremendous amount of money

01:04:57.120 got a lot more money

01:04:58.720 as a consequence of Carney's maneuvering.

01:05:01.120 And that, I would say, shows you

01:05:02.920 that's a good case example

01:05:05.800 of exactly who he prioritizes,

01:05:08.640 despite his protestations,

01:05:10.360 when push comes to shove.

01:05:13.140 And so, the people that I've been talking to,

01:05:14.900 and these are very wealthy people,

01:05:16.420 and they're very well connected,

01:05:17.880 although they have a conscience, as it turns out,

01:05:20.560 we're not very happy that

01:05:21.920 the quantitative easing principles

01:05:25.620 that Carney put into place

01:05:27.020 in the aftermath of the 2008 financial crisis

01:05:29.820 made the rich much richer

01:05:31.240 and the rest of everyone else,

01:05:34.400 and that meant everyone but the extremely rich,

01:05:37.300 substantially poorer.

01:05:40.280 And so, that's just,

01:05:41.280 so that's an example of what happened

01:05:42.960 when Carney was running the Bank of England.

01:05:44.780 And so, there's no evidence

01:05:45.760 that he's like a friend of yours.

01:05:48.060 Now, then we might address another issue.

01:05:50.840 It's like the issue of Trump

01:05:53.340 and his saber-rattling.

01:05:55.080 Well, the accusations that have gone out

01:05:58.320 with regards to Pierre Polyev

01:05:59.720 is that Polyev is just MAGA light.

01:06:02.140 You know, he's a Make America Great advocate,

01:06:04.540 which he's not, by the way,

01:06:06.180 and that a vote for Polyev

01:06:09.080 is really a vote for the Trump types.

01:06:11.180 Well, let's see what Trump himself thinks.

01:06:14.260 Well, a few days ago,

01:06:16.280 when this was recorded,

01:06:17.260 Trump came out and said,

01:06:19.180 he didn't give a damn who ran Canada.

01:06:21.680 And so, you know, we can conclude from that

01:06:24.180 what we might as Canadians.

01:06:25.880 One thing we can conclude,

01:06:27.340 and, you know, you want to put this in perspective,

01:06:29.480 is that the new American administration

01:06:32.140 has a lot of countries to keep track of.

01:06:34.800 And Canada is the US's major training partner,

01:06:38.380 and we should get some due consideration.

01:06:41.240 But that doesn't mean that the new administration

01:06:43.920 has had Canada in its sights, so to speak,

01:06:47.480 or even understands the Canadian political landscape

01:06:50.020 particularly well.

01:06:51.340 And it's my impression,

01:06:53.080 and I've done some digging,

01:06:54.700 that Trump didn't understand

01:06:57.740 that his comments about Canada

01:06:59.760 and the tariffs

01:07:01.080 and his promise, threat,

01:07:04.920 to turn Canada into the 51st state

01:07:07.180 would be utilized by the Liberals

01:07:09.760 to resurrect them from the well-deserved death

01:07:12.480 they had already managed

01:07:13.560 and to raise them up above the Conservatives.

01:07:16.680 He didn't know that.

01:07:17.640 Now, you could say, well, he should have.

01:07:19.060 It's like, yeah, fair enough,

01:07:20.580 but it doesn't matter because he didn't.

01:07:23.000 And so, I don't know if he would have cared

01:07:24.940 if he didn't know, but he didn't know.

01:07:27.660 But the upshot is the Liberals have leapt ahead.

01:07:30.760 Now, then you might say, that's no problem,

01:07:32.540 because Mark Carney, man,

01:07:34.100 he's got the international cachet

01:07:36.240 to put that orange-haired son of a bitch in his place.

01:07:39.600 And then you might think,

01:07:40.520 well, what does Trump think about that?

01:07:42.120 And what Trump said was,

01:07:43.540 he'd rather negotiate with a Liberal.

01:07:45.400 Now, you could say, well, that's because he thinks

01:07:48.440 Carney is much more confident and competent

01:07:51.660 than Poliev, who he described as no friend to him

01:07:55.640 and no friend to the MAGA movement, by the way.

01:07:58.820 Or you could read it, and I would read it this way,

01:08:01.880 knowing something about Trump,

01:08:03.500 that because Trump is radically pro-American

01:08:05.880 and because the free trade era

01:08:07.940 has radically come to an end,

01:08:10.140 that Trump is looking at Canada thinking,

01:08:12.240 if Canadians are foolish enough to elect that Piker Carney,

01:08:16.220 who's a retread of the worst of Trudeau,

01:08:18.680 although much more effective on the managerial front,

01:08:21.440 let's say,

01:08:22.280 then we'll be able to crush him

01:08:24.500 extremely effectively at the negotiating table.

01:08:27.660 We have contempt for everything he stands for,

01:08:29.880 and that would be a real good thing for us Americans

01:08:32.440 as we pursue our own self-interest.

01:08:35.900 And so, if you think that Trump is intimidated by Carney

01:08:40.540 and his international expertise,

01:08:43.140 you don't understand the Americans,

01:08:44.860 and you certainly don't understand Trump,

01:08:46.820 because not only is that not the case,

01:08:49.220 and I know it's not the case,

01:08:50.660 because I have extensive contacts in D.C.,

01:08:54.280 which I have carefully developed over the last five years,

01:08:57.820 precisely for moments like this,

01:08:59.900 and they tell me what's going on.

01:09:02.200 It's not like Trump and the MAGA Republicans

01:09:04.840 think that Carney is a credible,

01:09:08.340 canny negotiator that's going to bring them to heel.

01:09:11.120 Quite the bloody contrary.

01:09:12.920 Now, you know,

01:09:14.120 can Polly have step up

01:09:16.200 and do a better job than Carney?

01:09:19.100 Well, you know,

01:09:20.100 Canadians tend to get overshadowed

01:09:21.720 at the bargaining table

01:09:22.680 with regards to the Americans,

01:09:23.880 because they're very canny negotiators,

01:09:25.900 and we have a lot to learn in that regard.

01:09:28.240 But what we could do

01:09:30.160 and perhaps would do

01:09:31.340 with a conservative government,

01:09:33.140 if they got their act together,

01:09:34.480 is foster Canadian independence

01:09:36.980 from the United States in a very real way,

01:09:39.460 remove borders to interprovincial trade,

01:09:41.960 crisscross the country with pipelines,

01:09:44.260 radically improve our fossil fuel-based economy,

01:09:48.720 move our refining capacity back into Canada,

01:09:51.720 develop something approximating

01:09:53.240 a real industrial policy

01:09:55.160 and maybe on something approximating

01:09:58.600 a wartime footing,

01:09:59.660 given the magnitude of the threat

01:10:01.040 from the Americans,

01:10:02.620 deal more effectively

01:10:03.820 with the Germans and the Japanese,

01:10:06.160 for example,

01:10:06.740 who've already indicated

01:10:07.680 their inexhaustible thirst

01:10:10.460 for Canadian resources,

01:10:12.300 make ourselves into the industrial powerhouse

01:10:15.140 that Canada could most clearly be,

01:10:18.060 indicate our willingness

01:10:19.640 to contribute to military defense

01:10:21.640 in the manner that we should,

01:10:23.140 given the necessity for that

01:10:24.740 in an increasingly unstable world,

01:10:26.900 signal to the Americans thereby

01:10:28.740 that we're willing to pursue our weight,

01:10:30.680 but that we don't bloody well need them

01:10:33.060 if push comes to shove,

01:10:34.780 and then sit down with them

01:10:36.520 at the negotiating table

01:10:37.860 like a real competitor

01:10:40.440 and contender

01:10:41.280 and potential ally.

01:10:42.660 And if you think

01:10:43.660 it's going to happen under Carney,

01:10:45.280 well, you can take Trump at his word.

01:10:47.240 He already indicated

01:10:48.360 his contempt for the liberal types,

01:10:50.920 and he said that, you know,

01:10:52.020 he's no friend of Poliev.

01:10:54.120 Well, you know,

01:10:55.060 you want to read behind the lines

01:10:56.400 a little bit,

01:10:57.020 and as far as I can tell,

01:10:58.180 what that means

01:10:58.900 is that Trump would rather deal

01:11:01.060 with a contemptible,

01:11:02.580 weak-kneed liberal

01:11:03.400 than with a conservative

01:11:04.880 who actually puts Canada first.

01:11:07.600 And so don't be thinking

01:11:08.740 that Carney's the guy

01:11:09.760 with the cachet

01:11:10.620 to put Trump back on his heels,

01:11:12.440 because Trump has faced people

01:11:14.120 who are a lot more

01:11:14.920 intimidating than Carney.

01:11:16.340 And it's not only that,

01:11:17.580 like, Carney stands for everything

01:11:19.580 that the more radical fringe

01:11:21.540 of the Democratic Party

01:11:22.720 stands for in the United States.

01:11:24.700 And it's not like Trump

01:11:26.060 has any sympathy

01:11:27.160 for the Democrats as a whole,

01:11:29.760 and certainly not

01:11:30.640 for the more leftist,

01:11:32.280 eco-fringe of the Democrats.

01:11:34.060 And it's clearly the case

01:11:35.200 that if Carney

01:11:36.300 was an American politician,

01:11:38.320 he'd be Gavin Newsom.

01:11:39.640 Like, he'd be exactly

01:11:40.680 the sort of person

01:11:41.480 that's pushed

01:11:42.020 exactly the policies

01:11:43.940 that Trump can't tolerate

01:11:45.940 that have emanated

01:11:46.880 from the Democrats.

01:11:48.600 And so it's a delusion.

01:11:50.940 So Carney has a very

01:11:52.320 impressive resume,

01:11:55.820 read shallowly.

01:11:58.760 And I can understand

01:11:59.680 why Canadians are relying on that

01:12:02.180 as an indicator

01:12:02.860 of his competence.

01:12:03.940 And they're also hopeful

01:12:04.900 that he's a new guy,

01:12:06.100 which he most certainly isn't.

01:12:07.940 But if you look into

01:12:10.040 what he's actually done

01:12:11.480 and what the consequences

01:12:12.500 have been,

01:12:13.120 and if you actually assess

01:12:14.580 what he's said

01:12:15.440 in his book,

01:12:16.620 Values, for example,

01:12:17.860 where it's written down

01:12:18.940 in black and white,

01:12:19.860 you find that

01:12:20.860 if we elect Carney

01:12:22.580 in Canada,

01:12:23.960 which at the moment

01:12:24.740 looks like a reasonable

01:12:25.680 likelihood,

01:12:26.940 we're facing

01:12:27.780 the same situation

01:12:30.040 that we faced

01:12:30.960 under Trudeau,

01:12:31.740 except Carney

01:12:33.640 will be more effective

01:12:35.700 at implementing it.

01:12:37.320 And so we're going

01:12:38.340 to do worse faster

01:12:39.680 with a lot more

01:12:41.260 virtue signaling.

01:12:42.340 And that's hard to believe

01:12:43.200 because, you know,

01:12:44.600 Trudeau virtue signaled

01:12:45.660 to a degree

01:12:46.500 that was virtually impossible

01:12:47.680 as he impoverished Canada

01:12:49.380 to no positive end

01:12:51.180 whatsoever

01:12:51.560 on the environmental front.

01:12:53.380 And all that's going

01:12:54.300 to happen is that

01:12:54.940 that's going to be

01:12:55.500 much worse under Carney.

01:12:57.300 So we already see

01:12:58.420 that Carney set

01:12:59.300 at serious odds,

01:13:00.540 for example,

01:13:00.960 with Daniel Smith

01:13:01.800 in Alberta.

01:13:02.960 And that's a continuation

01:13:03.840 of the scrap

01:13:04.700 that Smith and the West

01:13:06.100 has been having

01:13:06.720 with Trudeau

01:13:07.400 and the Liberals

01:13:08.260 and the East as a whole.

01:13:09.680 That's not going

01:13:10.420 to rectify itself.

01:13:11.640 It isn't even obvious

01:13:12.540 to me that the country itself,

01:13:14.820 which the Liberals

01:13:15.760 for the last 10 years

01:13:17.020 have regarded as

01:13:18.240 an entity

01:13:19.260 with no real

01:13:19.920 central identity anyways,

01:13:21.420 it isn't obvious

01:13:22.120 to me at all

01:13:22.700 that the country

01:13:23.240 is going to be able

01:13:23.720 to survive

01:13:24.260 another four-year round

01:13:26.780 of liberal,

01:13:28.780 utopian,

01:13:29.440 globalist,

01:13:30.080 environmentalist,

01:13:30.860 net-zero catastrophe.

01:13:33.380 And so don't be thinking

01:13:34.400 that Carney's a new guy.

01:13:36.320 And don't be thinking

01:13:37.180 that his stellar resume

01:13:38.740 indicates that

01:13:39.680 he's going to produce

01:13:40.720 some kind of economic

01:13:41.700 revival in Canada

01:13:42.700 because all the evidence

01:13:44.540 points to the fact

01:13:45.760 that he's going to

01:13:46.380 continue to pursue

01:13:47.360 the net-zero delusions

01:13:49.700 that he's already established

01:13:51.020 as the center

01:13:52.520 of his entire

01:13:53.420 edifice of thought.

01:13:54.660 And if you don't believe me,

01:13:56.120 and maybe you don't want to

01:13:57.420 or can't,

01:13:58.320 or you doubt me,

01:13:59.780 read values yourself.

01:14:01.560 And then you'll see.

01:14:02.460 Read the first three chapters

01:14:03.700 and the last three chapters

01:14:04.840 because the middle of it

01:14:05.720 is just boilerplate.

01:14:07.760 It's only there

01:14:08.480 to make the book thick

01:14:09.620 instead of pamphlet length.

01:14:11.580 And so

01:14:11.920 an hour of reading

01:14:13.680 and you'll figure out

01:14:14.340 who Carney is.

01:14:14.980 Now, if you believe

01:14:15.840 that carbon dioxide

01:14:17.220 output on the part

01:14:19.180 of Canada

01:14:19.860 constitutes an existential threat

01:14:22.400 of the sort

01:14:23.160 that requires us

01:14:24.540 to become poverty-stricken

01:14:25.960 over the next 40 years,

01:14:28.100 while we virtue signal

01:14:29.580 about how the planet

01:14:30.780 could be saved,

01:14:31.720 while doing absolutely nothing

01:14:33.060 about actually addressing

01:14:35.400 any true environmental problems,

01:14:37.760 then Carney's your guy.

01:14:39.300 And if you think

01:14:40.880 that core Canadian values

01:14:42.180 are the values

01:14:43.020 of the radical utopian

01:14:44.460 environmentalist left,

01:14:46.500 then Carney's your guy.

01:14:48.120 Now, he purports

01:14:49.140 to be a free market believer,

01:14:51.760 which takes him

01:14:53.080 out of the left-wing camp,

01:14:54.240 but the way he

01:14:55.040 maneuvers around that problem

01:14:57.980 is by saying,

01:14:58.800 well,

01:14:59.420 the free market

01:15:00.180 doesn't address

01:15:01.100 the really important problems,

01:15:02.760 and it's the central planners,

01:15:04.840 the highly educated

01:15:05.680 technocratic central planners

01:15:07.080 that have to pick up the slack.

01:15:09.320 And so he says free market,

01:15:11.000 but what he means is

01:15:12.060 central planning,

01:15:14.260 free market.

01:15:16.000 And what he means

01:15:16.720 by central planning

01:15:17.720 is his vision,

01:15:19.100 and what his vision is,

01:15:20.580 that's the other thing

01:15:21.320 about Carney.

01:15:22.240 You know,

01:15:22.880 I read his book Values,

01:15:24.300 and one of the things

01:15:26.160 I really hope for in a book

01:15:27.380 is A, that I learned something,

01:15:28.860 and all I learned

01:15:29.440 from reading Values

01:15:30.240 was something about Carney.

01:15:31.460 I didn't learn anything

01:15:32.740 of any substantial import

01:15:34.400 in consequence

01:15:35.320 of reading the book.

01:15:36.320 and I learned

01:15:41.340 that he didn't have

01:15:41.960 a single original idea.

01:15:43.400 There wasn't a single

01:15:44.260 original idea

01:15:45.040 in that entire book.

01:15:46.640 Like the first three chapters

01:15:48.000 and the last three chapters

01:15:49.100 outline his ideas,

01:15:50.940 but they're not his ideas.

01:15:52.580 Diversity,

01:15:53.420 inclusivity,

01:15:54.240 equity,

01:15:55.100 that's not Carney's idea.

01:15:58.400 Environmental,

01:15:59.180 social governance,

01:16:00.220 these new policies

01:16:01.140 that are hypothetically

01:16:02.100 going to govern

01:16:02.880 the biggest financial institutions

01:16:05.020 in the world

01:16:05.620 in every financial decision

01:16:07.240 everybody makes

01:16:08.200 with stakeholder capitalism

01:16:09.920 and central top-down planning,

01:16:12.200 none of that's his idea.

01:16:13.720 Net zero,

01:16:14.640 that's not his idea.

01:16:16.340 And Carney had the opportunity

01:16:17.520 and values

01:16:18.220 to put forward

01:16:18.960 a platform of ideas

01:16:19.980 because he could have said,

01:16:21.440 well,

01:16:22.000 here's the problem

01:16:22.720 with the fossil fuel economy,

01:16:24.000 and it's leading us

01:16:24.860 into this carbon dioxide catastrophe.

01:16:27.000 And here's an absolutely

01:16:28.780 detailed industrial plan

01:16:31.400 for how Canada

01:16:32.420 could move itself forward,

01:16:34.140 own its own technology,

01:16:36.100 develop a new industrial base

01:16:37.440 that was renewable.

01:16:38.440 Here's the detailed proposals,

01:16:40.620 and here's the vision.

01:16:41.740 Here's the proof of concept.

01:16:43.400 There's none of that

01:16:44.180 in this book.

01:16:44.940 There's hand-waving

01:16:45.760 about how the magical

01:16:46.780 new renewable economy,

01:16:48.480 and he has the gall

01:16:49.320 to talk about hydrogen,

01:16:50.820 which is like the most appalling

01:16:52.380 proposition possible.

01:16:54.420 No one takes the idea

01:16:55.620 of a hydrogen economy seriously.

01:16:57.480 Certainly not

01:16:58.200 in the next few decades.

01:16:59.840 There's no ideas and values

01:17:01.460 except DEI, ESG, and net zero,

01:17:06.020 and those aren't his ideas.

01:17:07.640 And worse than that,

01:17:08.540 they're like the worst ideas

01:17:09.760 of the last 20 years,

01:17:10.940 and they're already outdated.

01:17:12.860 So let's talk about that

01:17:14.260 for a minute.

01:17:15.240 So it was true

01:17:16.140 that Carney took a leadership role

01:17:17.960 as the UN climate envoy,

01:17:19.440 and it was true

01:17:20.180 that he organized like 400

01:17:22.080 of the world's biggest

01:17:23.560 financial institutions

01:17:24.780 to pursue what's essentially

01:17:27.000 a net zero agenda.

01:17:28.420 And that happened,

01:17:29.420 let's say,

01:17:30.160 roughly five years ago.

01:17:31.700 Okay, so let's ask ourselves,

01:17:33.260 what's happened in the interim?

01:17:35.100 And the answer is,

01:17:36.320 despite his success in doing so,

01:17:39.140 all the big players

01:17:40.060 have bailed out.

01:17:41.680 BlackRock, Vanguard,

01:17:44.060 all of these big players

01:17:45.300 have decided that pursuing

01:17:46.400 the net zero agenda,

01:17:47.600 DEI and ESG,

01:17:49.200 that's not going to fly.

01:17:50.360 And so even if you believe

01:17:55.240 that Carney had been

01:17:56.820 properly successful

01:17:57.940 in organizing these

01:17:59.020 big financial institutions

01:18:00.340 to hit the net zero targets,

01:18:02.320 you're faced with the problem

01:18:03.600 that they don't think so anymore,

01:18:05.060 and that that whole coalition

01:18:06.520 is falling apart.

01:18:07.420 So my interpretation

01:18:08.500 of part of the reason

01:18:09.820 that Carney is motivated

01:18:10.780 to become prime minister

01:18:11.780 is because his international career

01:18:14.120 has collapsed in failure.

01:18:17.240 And so now where is he?

01:18:18.720 Well, you might as well go to Canada.

01:18:20.180 It's kind of a ratty

01:18:20.980 little backwoods country anyways.

01:18:22.640 And you don't really want

01:18:23.500 to bother with niceties

01:18:24.520 like actually having a seat

01:18:26.140 and meeting Canadians

01:18:27.340 and being elected.

01:18:28.740 You can just hop in

01:18:29.740 because you have this stellar resume

01:18:31.260 and you're the Bank of England

01:18:32.460 former governor,

01:18:33.560 and you can tell people what's what.

01:18:35.400 And you can tell Canadians

01:18:36.440 that you're an outsider

01:18:37.420 and that there's going to be

01:18:38.480 some sort of economic revolution.

01:18:40.400 And you can do that

01:18:41.180 while lying about your actual goals,

01:18:44.220 which are net zero,

01:18:45.600 or failing to explain

01:18:47.060 how you made such a cataclysmic mistake.

01:18:49.320 And you're going to do that

01:18:50.260 because you are a complete

01:18:51.140 bloody failure

01:18:51.760 on the international front.

01:18:53.180 And that's embarrassing.

01:18:54.440 And it's going to become

01:18:55.400 stark, bloody obvious

01:18:56.600 in the next five years.

01:18:58.840 And so and then I would say,

01:19:00.960 as I already said,

01:19:01.940 that if that wasn't the case,

01:19:03.200 then Carney would let Canadians

01:19:04.400 get to know who the hell he is.

01:19:06.460 And he wouldn't have called

01:19:07.840 a snap election

01:19:08.620 that will unfold

01:19:10.200 in virtually no time.

01:19:11.960 And I might also say

01:19:13.300 he would have agreed

01:19:13.980 to come on this damn podcast

01:19:15.280 as well,

01:19:15.940 because I offered him

01:19:17.120 that opportunity

01:19:17.840 because I could be sitting here

01:19:18.900 talking to him

01:19:19.660 and his staff

01:19:21.420 was reasonably polite

01:19:22.700 in their insistence

01:19:23.760 that they couldn't find the time.

01:19:25.400 But I'd also like to point out

01:19:26.680 that I interviewed

01:19:27.560 Poliev relatively recently,

01:19:30.040 and that was by

01:19:31.360 any standard of evaluation,

01:19:33.620 the most successful

01:19:34.680 political interaction

01:19:36.740 in terms of distribution

01:19:37.980 and impact

01:19:38.920 of any Canadian political move

01:19:41.660 in the last hundred years.

01:19:43.100 We got something like

01:19:44.420 50 million views.

01:19:46.020 And so if Carney actually

01:19:47.020 wanted to communicate

01:19:47.820 to Canadians,

01:19:48.800 even Canadians like me,

01:19:50.480 well, he had the opportunity.

01:19:51.980 You know, and I might say,

01:19:52.960 well, if I was Carney,

01:19:53.920 I wouldn't have come on my show.

01:19:55.260 And that might be true

01:19:56.380 because I'm not a fan

01:19:57.980 and I would have done my best

01:19:59.500 to be like a reasonable interviewer

01:20:01.660 and I'm kind of an agreeable guy.

01:20:03.220 So I probably would have been.

01:20:04.720 And I can see why

01:20:05.620 he didn't want to do it,

01:20:07.560 but he didn't do it.

01:20:09.780 And so you can make of that

01:20:11.940 what you will.

01:20:12.640 And then you can also

01:20:13.560 read between the lines

01:20:15.760 if you're willing.

01:20:16.660 You watch how he responds

01:20:17.960 to press inquiries

01:20:18.860 and who he talks to.

01:20:20.100 Talking to CBC doesn't count, right?

01:20:22.360 Or CTV,

01:20:23.380 because the Canadian legacy media

01:20:25.280 is heavily government-subsidized.

01:20:27.380 And so he doesn't like

01:20:28.180 talking to reporters anyways,

01:20:29.900 but those he talks to

01:20:31.020 are government-funded reporters.

01:20:33.500 Well, he won't talk to me

01:20:34.660 and he won't sit down with me

01:20:36.600 for three hours

01:20:37.340 and hash this stuff out.

01:20:39.260 And I would have done it politely,

01:20:41.020 skeptically.

01:20:42.120 You know, I've done interviews

01:20:43.560 with 500 people

01:20:44.700 and many of them

01:20:45.860 had political views

01:20:46.680 that I didn't agree with.

01:20:47.980 Many of them were,

01:20:49.160 well, the Democrats,

01:20:50.140 for example,

01:20:50.760 Tulsi Gabbard and RFK,

01:20:52.720 Dean Phillips,

01:20:53.760 who had held positions

01:20:55.320 that ideologically

01:20:56.660 would have aligned with Carney

01:20:58.240 at least at one point

01:20:59.280 in their political careers.

01:21:01.220 And so that opportunity

01:21:02.660 was open to him

01:21:03.640 and he didn't take it.

01:21:05.400 And so instead,

01:21:05.980 I'm talking to you directly

01:21:07.140 about who Mark Carney is

01:21:08.380 and trying to walk you

01:21:10.520 through what I've concluded.

01:21:11.700 You know,

01:21:11.900 I've done as much studying

01:21:13.200 as I could

01:21:13.680 in the last couple of months,

01:21:15.020 including reading his book twice

01:21:16.480 and talking to formidable people

01:21:18.600 in Canada

01:21:19.100 about what they think

01:21:20.060 and my connections in the UK,

01:21:21.900 trying to get a handle

01:21:22.720 on this guy

01:21:23.440 and evaluating his policies

01:21:25.240 in light of what I know

01:21:26.200 about the UK

01:21:26.880 and about Germany

01:21:27.760 and about the net zero catastrophe

01:21:29.680 and in light of what I know

01:21:31.200 from talking extensively

01:21:32.540 to people like Bjorn Lombard

01:21:34.100 and other people

01:21:35.100 who are Richard Lindsberg,

01:21:37.260 for example,

01:21:37.920 who are stellar scientific critics

01:21:41.300 of the entire net zero apocalypse game.

01:21:44.700 So in conclusion,

01:21:46.900 Canada has a new prime minister.

01:21:49.760 Who is Mark J. Carney?

01:21:53.740 Well, he's someone

01:21:54.920 who on paper looks stellar.

01:21:58.200 He's someone who,

01:21:59.620 because of that pedigree

01:22:00.980 and educational history,

01:22:02.880 Canadians regard as

01:22:04.440 a potential contender with Trump.

01:22:08.160 What do we conclude

01:22:09.360 if we look more deeply

01:22:10.620 into what those claims truly mean?

01:22:15.860 Well, if we do an analysis

01:22:18.240 of Carney's career

01:22:19.680 and his writings,

01:22:21.320 what we find is that

01:22:23.020 he believes that

01:22:24.640 there is no more important

01:22:26.380 existential issue

01:22:27.480 facing mankind

01:22:28.720 and Canadians

01:22:30.980 than the apocalypse

01:22:33.240 that's impending

01:22:34.200 because of carbon dioxide

01:22:35.340 overproduction.

01:22:37.220 And as far as I can tell,

01:22:39.780 all that he does

01:22:41.840 stems from that initial presupposition.

01:22:44.300 Now, if you accept

01:22:45.240 that presupposition,

01:22:46.780 well, then perhaps

01:22:47.740 Carney's your man.

01:22:48.920 If you think

01:22:49.680 there are credible reasons

01:22:52.300 for concluding

01:22:53.780 that there are other important things

01:22:55.360 that might be taken into consideration,

01:22:57.320 like the fact

01:22:58.160 that Canada's economy

01:22:59.480 is collapsing

01:23:01.100 and that the prognostications

01:23:04.320 for its continued collapse,

01:23:06.580 especially given

01:23:07.660 the industrial policies

01:23:09.420 that someone like Carney

01:23:10.360 is likely to pursue,

01:23:11.860 the prognostications

01:23:12.920 is that unraveling

01:23:14.320 will continue

01:23:14.920 and accelerate.

01:23:16.620 And so you have a choice.

01:23:19.380 Now, Carney

01:23:20.440 is riding high

01:23:22.740 in the polls

01:23:23.240 at the moment

01:23:23.780 and there are two reasons

01:23:24.980 for that.

01:23:25.740 One is Trump's carelessness

01:23:27.300 with regards to his comments

01:23:28.720 about the unviable status

01:23:31.760 of Canada

01:23:32.380 as a country

01:23:33.280 and the other

01:23:34.180 is the fervent hopes

01:23:35.720 of Canadians

01:23:36.900 that Carney

01:23:37.480 is someone new

01:23:38.580 as he purports to be,

01:23:40.340 which is an outright lie,

01:23:41.520 by the way,

01:23:42.620 and that his resume

01:23:45.020 makes him a credible contender

01:23:46.920 with Trump.

01:23:48.000 Now,

01:23:48.820 I took apart his resume

01:23:50.700 and I described

01:23:51.780 what Trump really thinks

01:23:52.920 of Carney

01:23:53.400 and we don't have

01:23:54.380 to analyze that much

01:23:55.300 because Trump said

01:23:56.220 he would rather deal

01:23:57.880 with a liberal

01:23:59.580 than with a strong conservative.

01:24:02.240 So,

01:24:03.160 given Trump's radical

01:24:05.060 pro-America stance

01:24:06.340 and his skepticism

01:24:07.580 about the kind

01:24:08.360 of free trade agreements

01:24:09.220 that have characterized

01:24:11.300 the Canada-US relationship

01:24:12.900 for the last 50 years,

01:24:14.860 you can conclude from that

01:24:16.600 what you might.

01:24:18.200 Carney,

01:24:18.500 in my estimation,

01:24:20.200 doesn't want Canadians

01:24:21.580 to dig too deeply

01:24:22.660 into exactly who he is

01:24:24.560 and what he stands for.

01:24:26.600 He's more of the same

01:24:28.520 and worse

01:24:29.720 and he's more of the same

01:24:31.240 because he believes

01:24:33.080 the things that Trudeau

01:24:34.240 so shallowly believed

01:24:35.520 insofar as Trudeau

01:24:36.820 believed anything

01:24:37.440 and the most important

01:24:38.480 of those things

01:24:39.080 is that there's nothing

01:24:40.480 more crucial

01:24:41.100 than the impending apocalypse

01:24:42.660 consequential

01:24:43.720 to carbon dioxide

01:24:44.540 overproduction.

01:24:45.200 And so,

01:24:47.240 anything goes

01:24:48.020 given that set

01:24:49.100 of presuppositions.

01:24:51.080 And so,

01:24:51.900 he's going to call

01:24:53.220 a snap election

01:24:54.420 as rapidly as possible

01:24:55.860 so that he can continue

01:24:57.660 to maneuver

01:24:58.240 towards his net zero goals

01:24:59.860 regardless of what Canadians

01:25:01.640 want or say

01:25:03.360 because he's a leader

01:25:05.160 of the elites

01:25:06.040 and their presumption

01:25:07.200 is that the

01:25:08.120 hyper-educated technocrats

01:25:10.380 know better.

01:25:11.580 And so,

01:25:11.980 if you want a future

01:25:13.080 of increasing

01:25:13.860 economic constraint

01:25:15.980 and lack of opportunity

01:25:18.420 for your children

01:25:19.240 and a further

01:25:20.860 degeneration of Canada

01:25:22.160 into a third-rate power,

01:25:25.020 while we do absolutely

01:25:26.280 nothing to improve

01:25:27.740 the environment

01:25:28.580 whatsoever,

01:25:29.820 just like Germany

01:25:31.060 and the UK

01:25:31.700 have failed to do,

01:25:33.180 then Carney's your man.

01:25:34.920 And if you have

01:25:35.700 some questions

01:25:36.300 about that,

01:25:37.460 then perhaps

01:25:38.700 you should give

01:25:39.680 some serious consideration

01:25:40.960 to the results

01:25:43.760 of the upcoming election

01:25:44.840 and decide

01:25:46.640 if what sort of country

01:25:48.340 you want your children

01:25:49.560 to inherit.

537. Reaction to Imminent Liberal Victory in Canada

Summary

Transcript