The National Telegraph - Wyatt Claypool - July 14, 2025


Carney exposed for LYING during election about his assets!


Episode Stats

Length

24 minutes

Words per Minute

180.25142

Word Count

4,445

Sentence Count

223

Misogynist Sentences

2

Hate Speech Sentences

6


Summary

On Friday, we finally got a look at the Prime Minister s many financial interests, interests that he kept carefully hidden throughout the election, and about which he told numerous falsehoods. And now, he s doing the bare bare minimum to distance himself from these conflicts while he is in government, and Federal Conservative Party Leader Pierre Polyev has called him out for this.


Transcript

00:00:00.000 Hey guys, Wyatt Claypool here. It's the year 2025 in Canada, so of course Prime Minister
00:00:07.180 Mark Carney and his Liberal government do not have a budget for us yet, but they do
00:00:12.640 have a new political scandal for us to talk about surrounding Mark Carney's financial
00:00:17.740 conflicts of interest that he's been avoiding disclosing to Canadians up until a couple
00:00:23.280 days ago when the Ethics Commissioner effectively forced him to disclose. And even now, he's
00:00:29.380 doing the utter bare minimum to actually distance himself from these conflicts while he is
00:00:35.160 in government. Earlier today, Federal Conservative Party leader Pierre Polyev called him out for
00:00:40.320 this, and I think he did a very good job in this press conference, so I want to break it
00:00:45.000 down today with you guys. But before we get into it, I just want to remind you, hey, if
00:00:50.320 you like this channel, make sure to leave a like on the video, subscribe if you are not
00:00:54.980 yet a subscriber. We are trying to get to 100,000 subscribers by mid-December of this year, and
00:01:01.660 also leave a comment on what you think about this issue. Now, let's get into it. By the
00:01:07.600 way, I do want to link the Western Standards X account in the description of this video
00:01:12.520 below. Go follow them. They did a very good job clipping this press conference as it was
00:01:17.160 coming out, and it is what the basis of this video is on, their clips that they posted. So
00:01:22.440 go give them a follow if you are an ex-user. But here is Conservative Party leader Pierre Polyev
00:01:27.940 calling out Mark Carney in this first clip for having been lying about his financial conflicts
00:01:33.860 since effectively he stepped foot in federal politics.
00:01:37.260 On Friday, we finally got a look at the Prime Minister's many financial interests, interests that
00:01:45.460 he kept carefully hidden throughout the election, and about which he told numerous falsehoods during
00:01:51.260 that same campaign. And so these are what the revelations tell us. One, that Mr. Carney was
00:01:59.020 not upfront or honest with Canadians during the election. He made numerous false statements,
00:02:04.360 statements he would have known were false when he made them. Two, there is a cornucopia of conflicts
00:02:10.560 of interest in these investments like we have never seen before from a Canadian Prime Minister.
00:02:16.720 Let me go through and document all of these claims one by one.
00:02:22.480 Before he gets into that, I also just want to point out myself that Carney actually probably
00:02:28.280 should have been disclosing these conflicts of interest, not even just back when he was running
00:02:32.920 for election in 2025 in the federal election. He should have been disclosing when he was running
00:02:38.360 for Liberal Party leadership. That was actually originally when the questions started arising.
00:02:43.480 And I would actually say, even before then, we probably should have known what his investments
00:02:48.660 looked like back when he became former Prime Minister Justin Trudeau's economic advisor in 2020.
00:02:55.620 Because as the economic advisor, you can do a lot to benefit yourself financially,
00:03:01.780 get the government to put out a new subsidy program that benefits all the green energy companies
00:03:07.660 you're invested in, or to give a contract to this company or that company, because you can
00:03:12.180 vouch that they're really good, not disclosing that you have millions invested in them.
00:03:16.800 So I think this goes back even farther than Polyev is highlighting, but obviously it doesn't
00:03:22.760 really need to go back that far. Really, the most recent election was the most impactful one
00:03:28.640 when it came to Mark Carney covering this stuff up. But now he's going to get into debunking some
00:03:35.240 of these points. First of all, during the election campaign, Mr. Carney said, and I quote,
00:03:40.720 I own nothing but cash and personal real estate, and that's not going to change in public life.
00:03:46.400 Well, it turns out, while he said that he knowingly owned 574 stocks and deferred profits
00:03:55.140 assets and stock options in Brookfield and other companies. So it was patently and now provably
00:04:02.400 false for him to say he owned nothing but cash and real estate. Two, my assets are now in a blind
00:04:09.600 trust, so I don't know what exactly is in there. That too is false. He must have known what was in
00:04:15.800 that blind trust, because he was the one that filled out the paperwork for the ethics commissioner
00:04:20.140 to report those holdings. So he knew exactly what was in his blind trust.
00:04:26.980 And as we went over in a video yesterday, it's very obvious to guess what he was invested in.
00:04:33.840 Tons of Brookfield, like companies, like it would be like Brookfield Renewable or Brookfield
00:04:39.520 something or other. Tons of random green energy companies and a lot of stuff where it did with
00:04:45.520 obviously, if it's in a blind trust, well, he knows exactly what's in it because nothing's changed.
00:04:51.540 And so if Mark Carney's in government with the current rules in place, just saying that he cannot
00:04:56.240 be directly involved in any decision that would affect those companies, he knows that if he starts
00:05:02.080 a new green energy subsidy, it's going to go to a bunch of his companies because they're used to
00:05:06.540 already getting money from the government, and it's probably not going to change. So by just putting
00:05:11.200 out blanket programs that could technically benefit any of these companies, any green energy company,
00:05:17.300 he knows that his companies are going to be first at the trough. But I'll let this clip play out with
00:05:23.520 Polyov. And he just did not want Canadians to know before they went to the polls. Finally, he said,
00:05:30.320 and I quote, I do not have a connection with Brookfield Asset Management. Well, it turns out
00:05:35.220 that he has continuing stock options and deferred share units in Brookfield Asset Management. And
00:05:41.360 these options cannot be sold, or at least not easily. And we have no reason to believe they have
00:05:46.480 been. So when he said that he had no connection to Brookfield, he was stating a patent falsehood.
00:05:53.040 And remember, the 2025 election was very close. Do you know the difference between currently the
00:06:00.660 liberal minority government and a conservative minority government? I believe it was 8,800 votes,
00:06:06.280 8,800 votes across Canada. That was in the closest ridings. So it is in a more concentrated area.
00:06:13.600 But if you consider what 1% of the vote is, if the conservatives gained 1%, maybe even just 0.7%
00:06:19.660 of the vote, they probably would have picked up those ridings because they were the ridings where they
00:06:23.720 were disproportionately probably going to be gaining new voters if they were converting people over or
00:06:30.320 driving out their base more. And I feel like it would have affected the election if a lot of
00:06:35.560 liberal or potential liberal party supporters realized that this guy has massive financial
00:06:40.720 interests in the things that the liberal governments have been tossing money at over the last five years
00:06:46.640 when he became the economic advisor to Trudeau. Because even though it's not like a driving thing for
00:06:53.040 people's votes, there's a lot of people who do care if someone's corrupt or not, or somebody may be
00:06:58.940 getting into government because it financially benefits them, or they're getting into government
00:07:02.980 and maybe they get super financially benefited. You know, they do care about doing the job right, but
00:07:07.920 maybe federal policy is going to be guided by whatever happens to benefit them. That's not exactly great
00:07:15.800 for everybody if everything is triangulating towards, you know, whatever benefits people who are exactly like
00:07:21.700 Mark Carney, you know, downtown Toronto, woke liberal investors. Anyway, so let's move on to another clip.
00:07:28.740 I think it gets better as he goes on. I want, I think this is a great clip where Polly of points out
00:07:35.720 basically how this should actually be handled in government. It shouldn't just be that Carney puts it in
00:07:44.640 a blind trust or says, I won't, I swear, I won't make any decisions about anything that would benefit
00:07:49.200 one of these companies directly. It needs to be done more firmly. There needs to be a way that he,
00:07:55.920 that he cannot benefit himself because all of his stocks are sold off and put into different areas
00:08:01.240 that he has no clue about. We're calling on the prime minister to sell his investments,
00:08:05.680 turn them into cash, hand them to a trustee who can invest them in a way that is completely blind to
00:08:11.540 him so that he does not have any knowledge of what he owns. That is the spirit of a blind trust.
00:08:15.460 A blind trust is meant to be something that the owner does not know anything about. That's what
00:08:21.280 it means to be blind of the assets. But right now, Mr. Carney is clearly not blind of what he holds
00:08:26.880 because even we know what he holds due to this disclosure. And this will put him in an impossible
00:08:31.460 position where he will be conflicted at every turn. So either he will have to get up three or four
00:08:36.220 times every cabinet meeting to avoid stumbling over the 100 plus potential conflicts that he,
00:08:43.940 that, that the ethics commissioner has identified, or he will act in the cabinet to potentially favor
00:08:50.560 his own interests. Neither of those possibilities is acceptable. I actually think there's a third
00:08:55.760 possibility here where Mark Carney would have full plausible deniability that he's benefiting himself
00:09:01.060 in government. And that would be from the angle where maybe cabinet ministers trying to curry favor
00:09:06.840 with Mark Carney would just happen to always favor Brookfield or different companies that he is
00:09:12.820 heavily invested in. It's not at all out of the realm of possibilities that you start giving out
00:09:18.780 sole source contracts that make you more popular with Carney so that maybe you get to be a deputy prime
00:09:24.280 minister as well as whatever role you currently have, or that the liberal party is going to put more
00:09:29.740 resources into your riding to make you more popular for reelection if you are in a less stable riding.
00:09:36.140 There's a lot of ways, or maybe you get kickbacks in some way. There is just too many ways where we
00:09:42.000 can hypothetically come up with, you know, with, with schemes to be able to make money for both Carney
00:09:47.980 as well as those surrounding him. But anyways, so let's jump over to another con, another clip here of Carney
00:09:57.280 of Carney calling out how that like basically right now you can't, you don't really have a real prime
00:10:03.360 minister. If at any, every corner there's constant distractions preventing him from making objective
00:10:09.440 decisions. We need a prime minister whose only purpose is serving the Canadian people to reverse the
00:10:15.200 massive damage liberals have done to reverse the out of control, immigration, inflation, crime,
00:10:23.840 debt, and our spiraling economy. And here we are, a prime minister who's going to be constantly
00:10:30.640 distracted by his private interests when the public interest is in such desperate need of attention.
00:10:37.360 Look at how bad things are in Canada today and getting worse. The debt is growing faster under Mark
00:10:42.880 Carney than it was under Justin Trudeau. The, he says Mr. Carney is spending more in his first budget bill,
00:10:49.680 his first financial bill spending more than Justin Trudeau was spending.
00:10:54.800 I do want to talk about this myself as well, because while yes, Mark Carney is cutting things,
00:11:01.440 is he actually cutting things from the bottom line of the budget or is he just shifting it around?
00:11:05.920 In some ways I actually support the ways that he is shifting money. I would like us to cut spending.
00:11:12.800 That's the, one of the big problems here. It doesn't matter if you move money from a, like, you know,
00:11:18.000 a, like an area where it's basically being burned to an area where it's being used better.
00:11:22.640 If we're still falling into debt faster, I think we should increase defense spending,
00:11:27.280 but I think we should increase defense spending at the same time that we are cutting
00:11:31.040 wasteful programs that we are slashing is stupid foreign aid spending. You know,
00:11:36.800 we fund abortions in West Africa right now to give you an example of somewhere where we should be
00:11:42.160 cutting off foreign aid spending. And so right now the government is putting us in debt faster than
00:11:49.040 the Trudeau liberals. At the same time, I see people praising them being like, Oh, look, they're going,
00:11:54.320 they're cutting off the money from like these useless bureaucracies or whatever. Those bureaucrats
00:12:00.560 aren't getting fired. They're going to be shifted somewhere else. That is the problem here. And also,
00:12:05.600 the thing is too, we're probably going to have a tax increase because everything that Carney is doing,
00:12:11.600 all of his promises, because he's not willing to actually cut from the bottom line, he is then
00:12:15.520 going to have to find new revenue sources. We already see the media floating the idea of increasing
00:12:21.520 the GST by 2%. And by the way, another thing on conflicts of interest, Carney can say, this won't
00:12:27.920 distract me. I'm a professional. I'm super ethical. He's already decided to give another $150 million a year,
00:12:35.440 through the Canadian Broadcasting Corporation, which is actually the source of a second scandal
00:12:40.480 right now for the liberal government. It doesn't directly have to do with them, but it has to do
00:12:46.240 with them. The CBC is obviously a liberal party front group. You and I have known that for years,
00:12:53.200 but for the average Canadian who doesn't think about politics all that much, it actually is a shock to
00:12:58.000 have a CBC host leave and basically say, yeah, they're trying to skew every story in favor of the
00:13:02.880 liberals. They're not letting me have conservative guests on. They are politically corrupt. And that
00:13:07.920 is a problem when Carney obviously knew this stuff. The thing is that they know who runs the CBC. They
00:13:15.200 know that these people are liberals. They can see what the coverage is like. He was giving them $150,
00:13:19.760 $150 million more because it benefits him, because it benefits his party. There is a massive conflict of
00:13:26.240 interest with the government giving extra money to the CBC and campaigning on it. And he did that.
00:13:32.480 So why would I then trust that he is not going to benefit himself by giving money to, well, what
00:13:37.840 happens to just be a good green company? Oh, it just happened. Brookfield Renewables just happens to be a
00:13:42.720 fantastic company or this other solar or wind company. It just happens to be the best bidder on
00:13:48.000 this contract. So I'm going to have to give it to them. It's like, I don't trust that that's not going to
00:13:52.480 happen in his government. But anyways, getting back to Polyev here. The deficit looks like it could be
00:13:58.720 even bigger under Carney than it was under Trudeau. And that is true. We're already at $92 billion of a
00:14:05.280 deficit for this year. We thought it was only going to be $56 million or $56 billion last year with Trudeau for
00:14:11.760 the year 2025. Now it's going to be $92 billion. And I don't think it's going to stop there. I think we might
00:14:17.200 crank a hundred. We have rising unemployment, a crisis of jobs for our young people.
00:14:22.960 Housing is still unaffordable. And Mr. Carney has so far kept the unsustainable immigration numbers that
00:14:29.440 Justin Trudeau left behind, numbers that are overwhelming housing, health care and jobs that
00:14:34.720 are dividing our country and breaking up any notion of integration. We need a prime minister who's fully
00:14:41.920 focused on undoing the damage that the Liberals have done, not continuing that damage and focusing
00:14:48.400 on his private interests. Now I want to move over to the last clip I wanted to play. And by the way,
00:14:54.320 I have to give some compliments to Pierre Polyev. This isn't exactly a channel where I've ever been
00:14:59.280 lacking on good things to say about him. I've also never shied away from saying I disagree with him doing
00:15:05.040 this or that. But he has actually toughened up a lot on immigration. I'm going to make an entire
00:15:10.240 different video on that showing where his positions have shifted over time because
00:15:14.640 it has all been in a positive direction. I thought he was weak in the federal election on immigration.
00:15:19.600 Now he is saying basically what I am saying. Let's reduce immigration heavily by like 80% and let's
00:15:26.960 make sure everyone here on a TFW visa or student visa, especially if they try and overstay, leaves the
00:15:33.920 country. Who cares if the population goes down? Let's stabilize the country first. And by the way,
00:15:40.240 immigration, high immigration rates actually lower your birth rate because it ends up causing a lot
00:15:45.120 of financial and like economic friction in the country. People are worse off when their per capita
00:15:51.120 incomes go down. So then they don't have kids. So then the people you're even bringing into the
00:15:54.960 country are also not going to have kids. And so you're always just constantly falling into the same
00:15:59.360 problem of not having enough people having their own kids. They bring in more people, which causes
00:16:03.600 people not to have kids. So you need to bring in more people. But that's me rambling about something not
00:16:08.560 in this video. But now I got to get to this last clip here where he talks about the contradictions
00:16:16.160 in Mark Carney's claims about his financial interests.
00:16:20.080 Mark Carney Why should we care? Why should Canadians care about this? Well,
00:16:24.320 Mr. Carney has shown in the past his willingness to use his political connections in order to profit
00:16:29.680 himself. For example, he said, let me see here. He gave public endorsement of Westinghouse in the
00:16:38.240 leaders debate. Westinghouse is a nuclear energy company which Brookfield is invested in. He has
00:16:45.200 announced he's going to spend billions of dollars on modular homes. Brookfield is invested in modular homes.
00:16:51.280 He says he wants to subsidize heat pumps. Brookfield is invested in heat pumps. He says that jet fuel,
00:16:57.600 he in the past he has said that he helped influence regulatory changes forcing aviation companies to
00:17:03.440 buy certain kinds of jet fuel that he that one of his companies was invested in so that Canadian so that
00:17:09.840 air passengers have to pay more for their airline ticket to subsidize this specialty jet fuel that
00:17:16.800 profits a company in which Mr. Carney had a financial interest. And by the way, something else scary
00:17:23.840 about Carney's conflicts of interest is when you go through those 103 companies that he has a financial
00:17:29.920 stake in, you find I think someone corrected me on my last video, there is one natural gas company, and I
00:17:36.160 think it's like a natural gas, like power company. So it's not really involved in like the the supplying of
00:17:43.040 natural gas, it takes natural gas, and I think like, you know, it puts it on the grid or whatever for power.
00:17:47.280 There, it is just chock full of renewable companies green like solar, wind, hydrogen, all this stuff.
00:17:56.640 And it's, it's, it's just part of the subsidy economy. Everything that Carney, not everything,
00:18:02.880 but like so much of what Carney has money in is not financially like it's not, it's not profitable
00:18:10.480 businesses. These are subsidy businesses, businesses that the only way they profit is by the government
00:18:15.920 giving them massive amounts of money to do something where if they did it themselves would be at a net
00:18:20.640 loss, they only get make money because the government is propping them up battery companies,
00:18:25.760 all this stuff, wind, solar that gets massive subsidies from taxpayers in order to sell their
00:18:30.720 power onto the grid. This is, again, it just demonstrates the kind of mindset that Carney has,
00:18:37.680 the worldview he has where he invests in things that are not actually good for the economy. It's not
00:18:42.640 actually good for people, but it makes him money because it's politically fashionable and it gets
00:18:48.080 a lot of subsidies. I know people will be like, oh, no, the renewables are good for the planet in
00:18:51.600 some way. No, natural gas is good for the planet. Producing something that's actually affordable and
00:18:57.760 efficient is what you want, which capitalism is a great at identifying because people will buy the
00:19:04.560 energy that is cheapest that will get them the furthest in their vehicle, or the cheapest that
00:19:09.920 heats their home the longest. That is what people will naturally do because capitalism is fantastic.
00:19:15.120 But getting back to pure poly of here. And the list of potential conflicts goes on and on. How
00:19:20.800 can he possibly be involved in developing a budget when all the tax policies could impact on his
00:19:26.800 investments directly or indirectly? How could he address things like competition policy when his
00:19:32.480 companies might be impacted? Then there's, for example, the digital services tax. The digital services tax
00:19:38.880 is paid by some of the companies that he has invested in. And therefore he has a potential
00:19:45.280 or perceived conflict of interest in that as well. So conservatives are calling for two things today.
00:19:51.040 One, we call on the prime minister to come before you and explain the contradiction. How is it that he was
00:19:57.280 telling Canadians that he only had real estate and cash when he knowingly had stocks, stock options,
00:20:04.560 and other deferred benefits? How is it that he claimed he didn't know it was in his blind trust when we
00:20:09.280 now learn that he knew exactly what was in that trust? And how is it that he said that he had no
00:20:14.160 financial interest in Brookfield when he knew exactly that he had stock options and deferred share units?
00:20:21.920 Finally, so we want him to say, explain why he told Canadians the opposite of the truth during the
00:20:28.240 election campaign. I would say at this point that Carney, his big way out of this one to give like,
00:20:36.320 I guess if I'm to put on the liberal strategist hat, he needs to build a pipeline. If he doesn't
00:20:40.880 build a pipeline, it's going to seem so sketchy that this guy who's invested in every single renewable
00:20:46.800 company is going to not build a pipeline that would look really bad and just increase like
00:20:52.480 renewable subsidies. I know he wants to make this energy corridor that he's going to,
00:20:56.480 he wants to be powered by green energy, but unless he approves either like an Energy East pipeline,
00:21:02.560 which doesn't look like he would do because he has to get Quebec on board and he will not
00:21:06.800 say no to Quebec, he will not overrule them with the notwithstanding clause. He also,
00:21:12.160 maybe he'd do the Wab Canoe one where Wab Canoe, the NDP Premier of Manitoba, wants one to Hudson's
00:21:19.320 Bay. Maybe he'll do that one because it's easy or potentially he forces David Eby to take one in
00:21:25.680 for the West Coast. He could always do that. But I remain skeptical if he does it good. But at the
00:21:32.160 same time, I feel like this is a government where if anything good happens, it's going to be dragging,
00:21:37.120 kicking, pulling and shaming Carney into doing it. And I think that this particular financial scandal
00:21:43.280 he has about his conflicts of interests and lying constantly may actually, oddly enough, force him
00:21:48.560 to do some good stuff just to basically bury the story. But like, you know, don't be mad at me. I just
00:21:53.600 cut your taxes even more. Don't be mad at me. I just help approve a pipeline. The problem for Carney,
00:21:58.800 though, is that pipelines actually take a lot of time to build. And so it's going to be difficult
00:22:04.160 to actually prove he's serious about it because the amount of planning that goes into one means
00:22:08.240 that he never actually has to let anyone put shovels into the ground by the end of a term
00:22:13.040 because of all the time it will take to even get something started. And so if he's popular enough,
00:22:18.160 he could say yes now to become popular and cancel it later when the economy is just naturally doing
00:22:23.440 a little better because maybe world economic trends. But that's where that I'm going to kind
00:22:28.320 of leave us in this video. I thought Polyev did a really good job on that. I think that the
00:22:32.400 conservatives really need to run with both this story and the CBC one. They need to, from again,
00:22:38.160 a strategic, I put on a conservative strategic hat right now, they need to be constantly jumping
00:22:43.120 between the two. Carney's corrupt and part of his corruption is funding the CBC to continue pumping
00:22:49.280 out liberal propaganda. Talk about the CBC to diminish their reputation because they don't
00:22:55.760 deserve the reputation they have as a neutral arbiter of the truth, a neutral presenter of the news.
00:23:02.240 They need to be absolutely hammered on this Travis Dunraj scandal where Travis left to blow the whistle
00:23:07.600 on them and then constantly hammer Carney over all of the times that he has lied about
00:23:13.120 his financial conflicts of interest and how he's probably the prime minister because of his lies.
00:23:18.800 Because if people knew about this stuff, those middle of the road voters may have, you know,
00:23:23.600 fallen down a different, may have gone down a different path and voted conservative instead.
00:23:28.320 Again, only 8,800 vote difference between conservative minority government and liberal minority
00:23:34.480 government. And if maybe Carney was more truthful, 100,000 votes or so may have gone the other way.
00:23:41.360 And the 8,000 votes they needed in those specifically closest ridings would have actually flipped the
00:23:46.320 ridings for the conservatives. But anyway, so that should be it for me today, guys. I hope you don't
00:23:52.320 mind the new setup I have. It's a little darker. I'm going to try and fix things. I have the most ghetto
00:23:59.280 setup you could possibly imagine. Right now, I have a light up here that's attached to a random
00:24:06.000 unplugged-in lamp. The other light I have over here that's like my main source of white light in this
00:24:12.080 room is like an old 1980s photography lamp in which I just put LED bulbs into it and it works fine.
00:24:20.960 Yeah, it's so ghetto in this room. It's ridiculous. I invest nothing into this channel. It's shameful,
00:24:27.760 really. But anyways, so that's truly it for me, guys. Like the video, subscribe to the channel,
00:24:33.840 leave a comment, do all that fantastic stuff. It really helps me out, and I will see you guys next time.