The National Telegraph - Wyatt Claypool - Carney an Over-Educated Fool - Liberals LIE to coverup terrible economy!

00:00:00.000 Hey guys, Wyatt Claypool here and welcome back to the National Telegraph YouTube channel.

00:00:06.560 I need to show you a Liberal Party social media post right now because it's ironic in contrast

00:00:12.740 to the video clip I am about to show you from the exact same Liberal social media account.

00:00:19.360 Right here, the Liberal Party of Canada says,

00:00:22.400 The new can of groceries and essentials benefits puts money back in the pockets of more than 12

00:00:27.160 million Canadians, up to $1,890 this year to help you with everyday costs. And then, you know,

00:00:34.220 basically reiterates the same thing with their graphic down here. Now, it's already kind of not

00:00:39.280 true when they say it's going to give you back $1,890. That's like, I believe, if you are a

00:00:45.940 couple with kids in the same household, both in the bottom 30% of income, that is what the

00:00:53.280 combined benefit would it would give you now you have to ask yourself why do we need these benefits

00:00:59.740 it's because the economy really sucks because affordability is terrible and in fact this is a

00:01:04.960 terrible solution because it's just going to add to the food inflation that we already have

00:01:10.080 but now i need to contrast this clip with this video from the same liberal party social media

00:01:17.380 account i'll even show you it's where it's from just so you can see it this is from the liberal

00:01:23.060 Party. They are posting this video of Mark Carney in Parliament bragging about lowering costs and

00:01:31.400 how great the economy is right now. Check this out. Mr. Speaker, the record is that every month

00:01:38.080 that I've been Prime Minister, Canadian average wages have grown faster than the rate of inflation.

00:01:43.200 Every month I've been Prime Minister, rents have fallen relative to wages. And you know what,

00:01:48.620 there's more good news, Mr. Speaker, because on June 5th, over 12 million Canadians are going

00:01:54.860 to receive the groceries and essentials benefits on a boost today and a bridge to tomorrow.

00:02:02.080 Okay. While all those people clap like seals, let's just go back to the top of that post.

00:02:09.100 It says, Mark Carney and our new liberal government are lower in cost for Canadians

00:02:12.180 as we build a stronger economy for the future. Why would you need to give people money?

00:02:18.620 if you're lowering their costs, obviously costs are not going down, costs are going up. That's

00:02:23.940 why you're giving them money, which actually ironically will just mean the costs go up.

00:02:27.420 Maybe it helps them weather the storm of the costs a bit better if they're in the bottom 30%

00:02:33.040 of income earners. But you get my point here. If the costs were going down, you wouldn't be

00:02:38.620 needing to give anyone extra benefits. Now, I need to tackle the lie at the start of that clip.

00:02:46.060 This is just a staggeringly stupid lie. In a certain sense, it's smart, but it's stupid because it's very easy to debunk. He wants to claim that your wages are going up and he's super successful. Obviously, it's smart for a prime minister to market himself as successful. You're not going to market yourself as unsuccessful. But this is very weaselly what he is doing here. And I'm going to explain how he is actually coming to this conclusion. 1.00

00:03:10.800 mr speaker the record is that every month that i've been prime minister canadian average wages

00:03:16.960 have grown faster than the rate of inflation no that is not true now i'm going to give a bit of

00:03:26.620 a criticism sandwich here to mark carney we're going to start off with a criticism a slight

00:03:33.020 compliment in the middle and then it's going to have another piece of bread on the other side in

00:03:36.380 the form of a criticism. First criticism is inflation is actually quite high right now.

00:03:43.160 We are still dealing with over 2% inflation. And you could say, well, that's within their target

00:03:48.360 range. Okay, I guess it's in their target range. We also had 9% inflation on some years. And the

00:03:55.560 fact that we're having over 2% inflation still is a big problem, is that over 2% is on top of

00:04:02.520 everything else. Other countries who have been doing a better job than us have below two percent

00:04:07.660 inflation. I believe in the United States it's like 1.5 or something like that. It's very low

00:04:11.420 inflation so that the economy can properly catch up. So first criticism. I'm going to give a

00:04:17.380 compliment in the middle here. So Carney has slashed the amount of new student visas and

00:04:23.860 temporary foreign worker visas and slightly lowered the amount of new permanent residents

00:04:28.140 coming into the country. Now the permanent resident numbers are still way too high. I would

00:04:32.220 not just half them. I would turn it into a third or a quarter of what they currently are. And I

00:04:38.100 would probably half the current amount of TFWs and student visas as well. So I will give him,

00:04:44.260 though, that he has made progress on it more than Justin Trudeau, who absolutely blew out the

00:04:48.760 population. But now here comes the last piece of bread for the last criticism. No, wages have not

00:04:56.860 been outpacing the rate of inflation the average wage has only increased in a theoretical technical

00:05:04.660 sense have your actual wages gone up no doubt there are people in the comments here if you do

00:05:10.540 say something that if you do like you know say what yeah if you've increased or decreased some

00:05:15.060 of you probably have gotten a pay increase most of you have not decreased but you've stayed exactly

00:05:21.040 where you are and you were probably there a few years ago as well you probably have not budged an

00:05:25.940 inch on your wages. And by the way, we've been losing tens of thousands of jobs every single

00:05:32.140 month for the past few months outside of holiday season where it only popped up because it's

00:05:36.700 seasonal workers getting jobs and those jobs usually bleed off in the next year. Even when

00:05:40.900 we don't count the seasonal workers, our net job numbers have been going down. The only reason

00:05:47.420 that average wages are up is because of the middle complement in my sandwich here. 1.00

00:05:53.080 we have gotten rid of a bunch of tfws rightfully so but that means what it means is that you are

00:06:00.540 taking a bunch of people making basically 15 an hour to maybe 17 an hour you took a couple like 0.90

00:06:06.880 100 000 of them and you push them off of the economy now does that mean that you are making

00:06:13.940 more if you had an office job that paid 30 an hour are you now making more money at your 30

00:06:21.440 an hour job just because a bunch of TFWs were removed? No. The median and average income has

00:06:29.600 only increased because we have gotten rid of a bunch of TFWs. And a lot of other people who've 1.00

00:06:36.560 lost their jobs were on the lower end wage scale. The average wage is only going up because

00:06:42.600 unemployment is up and because we got rid of TFWs. The average, an actual individual human being

00:06:50.440 has not had their wages go up.

00:06:52.440 If we filled a room with 100 people

00:06:53.920 and we surveyed the room,

00:06:57.000 how many of you have had a pay increase?

00:06:59.780 It would be minute.

00:07:02.220 Not many people have gotten pay increases

00:07:03.920 outside of the public sector

00:07:05.640 where they have staged pay increases.

00:07:08.000 Private sector wages have been stagnant.

00:07:10.300 So that is just the most brutal lie

00:07:12.540 I have ever seen from a guy

00:07:13.980 who pretends to be an economist,

00:07:16.260 who pretends to be knowledgeable on the economy.

00:07:18.400 I want to now play this clip from Pierre Pauly of going after Carney because I think that this

00:07:23.960 is what was a good moment for him to be on the way that he's hitting him on the economy here

00:07:28.520 because again I think that what we need to do as the conservatives is mock Mark Carney mock the

00:07:36.820 fact that he thinks he's an expert and he is doing a worse job than Trudeau I know that the

00:07:41.900 media was going after him because he mocked the credentials or the education of Carney and

00:07:46.080 Everyone's like, oh, he went to Harvard. He went to Oxford. He went to wherever. I don't even know

00:07:50.440 what universities he went to. Maybe he went to a new university on the moon, and it's the most

00:07:53.860 prestigious university ever. He sucks at his job. Make fun of the fact that he has the best of 0.99

00:07:58.460 credentials, and he sucks at his job. That is what you need to do here, because he genuinely does.

00:08:03.800 Polyev should get a wooden pointy stick. I've suggested this to other people. Get a wooden

00:08:08.960 pointy stick, and a chart like he's Ross Perot in the 1992 presidential election, and explain 0.99

00:08:15.560 the stupidity of what Carney is doing. Explain how the raising taxes has actually reduced 0.97

00:08:21.380 revenues over time. Explain how the average person is not actually making more money.

00:08:26.960 We just have this abstract average person whose wages have gone up because we removed a bunch of

00:08:31.440 lower end jobs. Wages have not gone up. He needs to do more stuff like this and it will benefit

00:08:36.280 him massively. But here's Pierre Polyev's critique on Carney's economy. You know a lot of complaints

00:08:41.700 about the bank of canada when they jacked up interest rates they've lowered them faster than

00:08:45.700 the u.s inflation is uh the interest rates are lower um so you also at one point suggested the

00:08:53.380 bank canada government should be fired i you can google the list of nations who fired the central

00:08:57.620 bank chiefs it's like zambia south sudan iran egypt what what kind of question is this by the way

00:09:05.380 like he he's implying that you're like some third world dictator from africa or something like that

00:09:10.660 only people places like Zambia or South Sudan would get rid of their the man of the head of

00:09:16.720 the central bank okay what's your point does this have anything to do with what Pierre Polyev's

00:09:22.860 issue with the head of the Bank of Canada is what does it say about your economic education that you

00:09:28.180 want to join that kind of club well that that's just false so if I could your comments are just

00:09:34.600 false what does it say about my academic education well I'll tell you my education is in predicting

00:09:40.240 what actually comes to pass. So back in 2020, Mark Carney and I both made predictions. You can

00:09:46.700 see them. They're on tape. Mark Carney said that COVID would lead to deflation right before the

00:09:55.040 worst inflation in four decades. I said we would have inflation and ultimately was proven right

00:10:04.540 by the facts. I'm not finished.

00:10:06.620 Then, I said we should not

00:10:08.620 print money.

00:10:09.940 The journalist apparently was getting very perturbed

00:10:12.420 that Polyev wasn't 1.00

00:10:14.280 answering his stupid Zambia question. 1.00

00:10:17.240 Oh, hey, Polyev, 1.00

00:10:18.780 why are you talking about

00:10:20.620 Mark Carney? I'm just trying to make fun of you here.

00:10:22.500 I'm just trying to make fun of you. Why don't you

00:10:24.580 agree that you're an idiot and you're 1.00

00:10:26.420 a South Sudanese dictator? 1.00

00:10:28.240 Why don't you agree that you're somebody 0.97

00:10:30.140 who's corrupt 0.96

00:10:32.140 and on the level with a

00:10:33.960 barely functioning african democracy why don't you say that oh my goodness the media's questions

00:10:39.500 suck because it would drive up the cost of everything mark carney openly advised the

00:10:47.140 united kingdom and canada to print cash what did we get we got the worst inflation we got 0.95

00:10:52.780 twice as many people at food banks in just seven years we've doubled food bank lineups that

00:10:57.700 catastrophic prediction i also said we would have a housing crisis back in 2020 what did we get

00:11:03.320 the highest housing costs in the G7, the only country that came even close was the UK. Why?

00:11:09.820 Because Mark Carney, as governor of the Bank of England, printed so much money that he caused a

00:11:16.520 housing crisis in that country. So I think we should judge qualifications based on actual

00:11:23.760 results and who was proven right on all of the issues of the last 10 years on carbon taxes,

00:11:30.980 oil and gas production pipelines money printing inflation housing i have been right

00:11:38.800 and mr carney has been wrong and i said now the media had gone on this tear of trying to

00:11:44.160 like embarrass paulia because he said that he is badly educated and his whole point was that it

00:11:49.960 doesn't matter what degree you have you know your it doesn't matter where your economics degree

00:11:54.400 comes from you've been clearly badly educated if you thought that printing massive amounts of money

00:11:59.800 to stimulate the economy wasn't going to lead to very bad results. It wasn't going to just simply

00:12:04.760 water down the value of our currency and make the economy weaker. That was his point. And the media

00:12:10.560 tried to mock him by saying, oh, look where he went to university and look where you went to

00:12:15.460 university. And they were trying to push Polyev off the ball and Polyev shouldn't brace that.

00:12:20.680 Oh, he is a Harvard man. Oh, he is an Oxford man, wherever he went to university. I don't care.

00:12:25.460 Oh, he is. Then why does he suck at his job? Why doesn't he just dust off that old university 0.99

00:12:32.460 diploma, his old master degrees, and why doesn't he use them? Does he not know that he went to

00:12:38.140 those universities? Does he forget, and that's why he sucks at his job? That's what he should 0.99

00:12:42.940 keep hitting them with. Because Canadians, and most voters in general, no matter what country

00:12:47.480 they go to, hate technocrats. They hate elitists who point to the gold-framed photo of their

00:12:55.440 degree and tell you about how where how they were accepted to every ivy league in the world who

00:13:01.660 cares you suck at your job and what have you done for us lately that's what poly of needs to keep

00:13:08.260 hitting on i've been told by people who are around in 2008 and 9 about the different approaches from 0.99

00:13:15.460 jim flaherty the then finance minister and what you got from mark carney now mark carney did well

00:13:22.260 as the governor of the Bank of Canada because he listened to Jim Flaherty because Jim Flaherty

00:13:26.240 told him what to do and he did it but people on the inside who were around at the time said

00:13:30.320 Carney wanted to go full Keynesian he wanted to do the same thing that Barack Obama was doing

00:13:34.780 dump a bunch of money on the economy don't just kind of make sure to maintain liquidity in the

00:13:39.800 market by providing some money into it so that things don't stagnate no just blast large sums

00:13:45.100 of money into the economy and keep the line going up rather than letting a small reset happen and

00:13:49.880 making sure nothing slumps too much. That's what Harper and Flaherty's approach was that Kearney

00:13:54.920 went along with. But if it was up to Kearney, he would have done the thing that he later did in the

00:13:59.140 UK. Jam money into the economy, get it boosted by simply throwing dollars around, and everything

00:14:05.160 will be good, because he is a Keynesian at the end of the day, which is also known as a proto-socialist.

00:14:10.980 A socialist, someone who likes free markets to an extent, but they like a socialist philosophy

00:14:17.300 be on top of that free market. Anyways, with all that being said, thank you guys for watching this

00:14:22.620 video. I did two videos today. Look at me being productive. Look at me getting it done. If you

00:14:27.580 like me getting it done, make sure to leave a like on this video. Subscribe if you're not yet

00:14:32.000 a subscriber. Hit the notification bell because YouTube is trash these days of actually letting 0.83

00:14:37.040 people know when I have a new video out. And if you also want to help me survive the new awful

00:14:42.120 YouTube algorithm, consider hitting the join button and becoming a member of the channel.

00:14:47.700 Contributing a few dollars a month really does help me kind of ride over these waves that YouTube

00:14:52.220 throws at pretty much all channels these days. I said in my last video, they really want to

00:14:57.520 promote shorts or something like that. I hate shorts. I make them every once in a while for fun.

00:15:03.600 Shorts suck though. I don't want to just watch three minutes max on an issue. You can't really

00:15:09.640 make a good point sometimes in three minutes. I make videos where it doesn't really deserve a full

00:15:14.020 video as a short. I don't do, you can't condense what I do into three minutes or else you're just

00:15:20.580 going to suck away all the nuance and no one learns anything. No one's able to kind of chew

00:15:23.880 on the topic while they're listening to it. It's not like I'm saying things that are blowing your

00:15:28.220 minds probably most of the time. Not in any way. The thing is, and this is why I like listening to

00:15:33.440 people like Ben Shapiro. Sometimes Ben Shapiro, there'll be multiple shows and he's not saying

00:15:38.300 anything that i didn't know before but i like the way he talks about it and i like hearing someone

00:15:42.780 chew on the topic because it allows you to kind of think about how you would talk about it if someone

00:15:47.700 else asked you a question about the thing and so i hate this new format of shorts because it's just

00:15:53.280 not it's just not what youtube's about youtube's about being able to provide kind of show length

00:15:59.900 videos on very niche topics that would not normally get on television shorts are just frivolous it's

00:16:07.920 just nobody likes watching them the ad revenue on them sucks they're all annoying and the thing is

00:16:14.480 that there's no way for it to serve people of videos it's not like there's like 50 000 canadian

00:16:19.840 short videos there's like a few at a time and then it's open mr beast or something again i

00:16:24.240 can't stand this stuff anyways with all that being said thank you guys for watching i'll see you all

00:16:29.200 later.

The National Telegraph - Wyatt Claypool - April 25, 2026

Carney an Over-Educated Fool - Liberals LIE to coverup terrible economy!

Episode Stats

Summary

Transcript