Wyatt Claypool explains why Mark Carney is not going to become the next Prime Minister of Canada in the next election and why it s time to go all in on Justin Trudeau. He talks about some of the silly things that have been going on in the campaign, including Mark Carney being caught with $2,000 worth of Zegna sneakers.
00:04:48.400says guess who with an image of the Century Initiative
00:04:52.580website. The Century Initiative is this
00:04:56.040absolutely insane organization that wants to bring Canada's population from 40 million people
00:05:02.780and it's more like 42 million people as of today to 100 million people by 2050.
00:05:10.020That is obviously stupid. They have this whole section up here on their website that says why 100 million?
00:05:15.900And really why 100 million? Because cheap labor. Because artificial economic growth.
00:05:21.760It's run by a lot of people who are generally tied in with the government who would be very benefited by having a lot bigger population even though each individual will have way less money per capita.
00:05:35.740We will all be less off less well off as individuals but the country's GDP will be doing very well.
00:05:42.640That's the kind of psychos who work at the Century Initiative.
00:05:46.640And look, as a speaker for the Century Initiative, they had Mark Carney, Chair of Brookfield Asset Management and Head of Transition Investing.
00:05:55.620Yeah, Mark Carney's a big green guy, although he doesn't usually advertise the fact that Brookfield Asset Management, when he was in charge, invested in a lot of oil and gas pipelines in Brazil and the UAE, but refused to invest in anything in Canada because he believes that Canada should be on a green end.
00:06:10.640He believes that Canada should be on a green energy transition, but not the UAE, not Brazil, not Iran, not a lot of these other countries that have far worse environmental standards, worse human rights standards and all that stuff because Canada is a rich, privileged Western country that needs to get with the program.
00:06:29.400The UAE, they can do what they want. Brazil, who cares? This is why this guy is going to lose.
00:06:34.520There are so many contradictions to him, and this one is definitely going to hurt.
00:06:39.380The fact that he would support an organization that is just, it's not even like he wants higher immigration as a vague generality because it helps our economy.
00:06:48.320No, no, he's the psycho who agrees with the idea of getting to 100 million, just 100 million because GDP, because pump the stocks.
00:06:58.700It's obnoxious. Your country always needs a good balance between the stock market as well as individual finances.
00:07:07.280And the thing is, it's good to do that because you're going to make sure you actually will be a better country more well off in the long run if both those things are balanced.
00:07:16.100I'm not making an equity argument. I don't care about income inequality. People are going to make different amounts of money because they put different efforts into it.
00:07:25.160Things just worked out different. We don't need to correct for that.
00:07:28.220But the country's government shouldn't be worried about the overall GDP more than the overall individual's economic health.
00:07:36.580But let's move on to a new issue. I'm going to, before I get to another Mark Carney thing, I wanted to talk about this because some people are trying to call Pierre Polyev a hypocrite for advocating for a new military base being built outside of Iqaluit in Nunavut.
00:07:51.920And this Roddy guy who is a bigger liberal influencer online, one of these anonymous people, says Pierre Polyev looks like an idiot right now.
00:08:01.100And Polyev back a couple of years ago said Arctic ambassador to do diplomacy with who? Santa Claus?
00:08:07.520And yeah, Dieter McPherson, who's another liberal, says glad you're taking this seriously.
00:08:12.760Consular presence in any region is part of the expression of sovereignty.
00:08:16.060They're saying that this is somehow hypocritical because he opposed an Arctic ambassador because he now wants a military base in Iqaluit.
00:08:26.080These are two extremely different things which would have very different effects on Canada's power projection, our ability to enforce our sovereignty.
00:08:36.700An Arctic ambassador is the type of thing that foolish children who do model UN would come up with.
00:08:42.840We need somebody who's going to show up to any Arctic conferences there are or go and tell Russia, you better stay out of our territory.
00:08:50.880You better not mess with us or we'll complain. We'll complain to the UN. You'll get condemned.
00:08:58.720The thing you want in the Arctic if you care about power projection and maintaining sovereignty is guns.
00:09:05.840You want jet fighters. You want artillery pieces. You want ways of shutting down the northern passages to the Chinese and the Russians if they start screwing around.
00:09:16.240That is what you want. These are not similar things.
00:09:19.480The Arctic ambassador isn't going to come up with their pencil and wag it at a military ship from Russia who's trying to take control of the northern passage.
00:09:27.480And this is why Donald Trump was kind of annoyed with Canada when it comes to what he calls our deficit.
00:09:33.900Trump is absolutely wrong. And we're going to get to the Trump tariffs probably in another video.
00:09:38.140But he is wrong about having a trade imbalance with Canada. We ship in a lot of raw materials.
00:09:43.020Obviously, we're going to export more into the U.S. than the U.S. exports into us simply because once we are selling raw materials,
00:09:51.440we're not going to buy an equivalent amount of raw materials from the U.S.
00:09:54.720We are far more raw material rich and we don't do as much manufacturing as the United States in a lot of sectors.
00:10:00.940And so, like, we buy more manufactured vehicles from them and stuff like that.
00:10:06.400But the thing is, overall, our raw materials end up sort of creating this imbalance because you need raw materials for everything.
00:10:13.100But we don't really need to buy an equivalent amount of vehicles.
00:10:16.660Kind of complicated, but generally he's wrong on that.
00:10:19.600But what he is right on is that they spend a lot of money.
00:10:22.520The U.S. spends a lot of money protecting Canada to the tune of billions of dollars a year over a period of time.
00:10:28.740I believe Trump's probably right. It's been over 200 billion that the U.S.
00:10:32.080has basically subsidized Canada with when it comes to defense and other things like that.
00:10:36.680And this, with Polioff saying we need a base in Iqaluit, is a great plan to calm the waters with the U.S.
00:10:43.120and say, see, we are taking control of the situation yourself.
00:10:46.280We do not resent what you're doing for us and think that we can take it all for granted forever.
00:10:51.660We have to contribute to our own defense someday.
00:10:54.680Anyways, another reminder, guys, like the video, subscribe to the channel, do all that great stuff.
00:11:01.700I'm going to do that in another video.
00:11:02.780Someone's advocating that we rip up the Starlink contract.
00:11:06.360Before I talk about CBDCs, I just want to talk about some of the photos that are coming out of Mark Carney's current leadership campaign.
00:11:14.820This man is a frontrunner, and he fills up rooms like it's Jean Charest's campaign or Scott Aitchison's campaign from the 22 conservative leadership race.
00:11:24.540I was at a Jean Charest event in Calgary.
00:11:27.060I wasn't supporting him as there is media.
00:12:28.860And people click on it being like, oh, my goodness, he's going to win.
00:12:31.700And then it makes everything seem very, you know, everything seems very intense and newsworthy for a bit.
00:12:39.380Here's what, I had to take this off screen for a second and get the new screen up.
00:12:42.680This is what the 1993 polling looked like after Kim Campbell took over for Brian Mulroney.
00:12:50.320Around when the PECs are below the NDP in the polls, that is when Mulroney is getting swapped out with Kim Campbell.
00:13:00.160And then we see a big run for the PECs.
00:13:02.660They, in fact, overshoot, they actually eclipse the liberals late into the election in May.
00:13:11.700But by November, it's fallen down again.
00:13:14.820Guys, the exact same amount of time is going to transpire before Mark Carney is actually getting people to put votes in ballot boxes for him.
00:13:25.380He's not going to be able to maintain this.
00:13:28.780Maybe he gets a poll that makes it look really close after he becomes leader.
00:13:33.760But what you should look at, and it's the same for the conservatives right now, look at the liberals polling.
00:13:39.120Let's just start at 90, like let's start at 92 or whatever.
00:13:43.960The liberals in 1993's election cycle are above 40 percent and they dip a little bit into the high 80s.
00:13:51.740And then by the end of it, they're back up at the high 40s.
00:13:54.820And I think the federal conservatives this year are going to do better than just low 40s simply because they don't have to compete with a big party on their right the way the PCs did with reform.
00:14:06.160Really, it was a reform that was competing with the PCs because the PCs were dying.
00:14:10.040But the thing is that they maintain the 40 percent.
00:14:14.960If you look at current polling, you will see that it's basically been an entire two years of the federal conservatives at the low 40s to the high 40s.
00:14:24.780I don't think a bunch of Canadians are going to decide, yes, Polyev is the right man for the job.
00:14:30.720But then when Mark Carney runs along saying, hey, we need central bank digital currencies.
00:14:35.260By the way, the economy should or the country should have a population of 100 million people and that we need to intensify the green transition by trying to ramp up energy through green tech.
00:14:46.260But that's not going to get a lot of people to shift their votes.
00:14:49.940People are already where they're at right now.
00:14:52.100What the liberals are experiencing is a response bias.
00:14:55.840They are less depressed because Trudeau is no longer the rotting peach of a figurehead for them.
00:15:00.900And so more people are picking up the phone and saying, yeah, I'm voting liberal.
00:15:04.160The amount of actual raw number of people in the country willing to vote liberal really hasn't gone up that much.
00:15:09.480But those people have gone from 60% likely to take a poll to 90% likely to take a poll.
00:15:17.260A lot of people have had this where they're pulling shoots up because a lot of people are suddenly a little bit more energetic in their camp.
00:15:24.220And then the camp starts, you know, going back to their normal energy levels.
00:15:28.100And then they like end up having bad turnout again.
00:16:11.180There are articles where he's quoted advocating that the government needs to get involved in CBDCs or the private sector is going to exploit it.
00:16:18.500So for the public's protection, we need to have a massive privacy, you know, massive privacy violating CBDCs as the currency of the time.
00:16:42.500But Carney used the excuse that the private sector, big tech, could exploit it to say that Canada and the U.S. and all these other countries need CBDCs.
00:16:50.500By the way, you know, in a country that's a big fan of CBDCs, China, because it lets them monitor everything that you're buying, that you're trading, how much they can directly tax you.
00:17:00.920If they tax you more for doing the wrong things, it can, you know, it can plug into your social credit score.
00:17:09.540But anyways, the thing about this all is that Carney is still Mr. CBDC.
00:17:15.460Again, there are articles where he, I didn't say this yet, but there are articles where he advocates for this, saying we have to cut off the private sector.
00:17:23.260And then the same article will quote another central banker who basically, they're not asked about what Mark Carney said,
00:17:30.360but they're pitched the same idea that the government should get involved in CBDCs to cut off the private sector.
00:17:58.400And the government can decide what charities it wants to crack down on, what kind of behavior it wants to crack down on.
00:18:03.220So I hope Polioff makes this a big thing with Carney, that he believes in all this neomania, crazy garbage.
00:18:10.600And when I say neomania, I mean a mania, a love for anything new.
00:18:15.660New technology, new ways of the government being able to monitor you, to be able to make things more efficient, that actually makes your life harder.
00:18:24.000But it makes it better for bureaucrats to settle down.
00:18:26.140That's a big thing that they need to be going after and for.
00:18:29.800And now the second thing is something that the Trudeau government's doing, but they're obviously doing it under the advice of Carney because he's been pushing for this for years.
00:18:37.420That under a potential energy crisis with the United States, if we get into a trade war with them, that instead of trying to build pipelines and do all this other actually effective stuff around oil and gas to secure our energy future, instead we need to put up spinny windmills and we need solar panels that barely work in the winter, especially if you live in Alberta, Saskatchewan or Manitoba.
00:19:02.200No, we should not. That is stupid. That is going to greatly increase the price of energy.
00:19:08.620Because yes, all energy on the energy market that gets sold onto the grid is sold at a flat rate.
00:19:15.940But green tech companies, solar companies and wind companies, they get extra money for every kilometer or so that they have to shift copper wire along the ground in order to actually get the energy to these grids.
00:19:29.620The problem is, is that it actually incentivizes company because the payout is way better than it would be if you just had a much closer wind farm to the grid that you're actually incentivized to build a wind farm as far away from the grid as possible.
00:19:43.420And then stretch kilometers of copper wire to get to that grid because you're being paid subsidies that are way better than the actual energy that you're selling in terms of the value of it.
00:19:55.340That the distance that you're transporting, the same amount of energy is giving you more money, even though oil and gas companies don't get this for having to build pipelines or having to drill or any of this more complex engineering feats compared to green tech.
00:20:09.420This is why green tech is a scam. Green tech gets literally like if it's, let's say, 10 cents a kilowatt hour, 9 cents a kilowatt hour for oil and gas products onto the grid.
00:20:21.740For green tech, it's like 24 cents. It's like 30 cents. Technically, they're only getting the 9 cents for the energy.
00:20:29.000But the back end subsidy is making it far more expensive.
00:20:32.440And the government's been perfectly fine splurging because this is our new green energy future.