The National Telegraph - Wyatt Claypool - Carney LOSING to Trump on Trade - Elbows Down Liberals!

00:00:00.000 Hey guys, Wyatt Claypool here.

00:00:03.140 Based on what's been leaking out of the trade negotiations between the U.S. and Canada,

00:00:08.500 it doesn't sound like Prime Minister Mark Carney and the Liberals are really that committed to their former elbows-up positions.

00:00:16.140 I want to break down one of the details from these leaks for you today and discuss why it's so bad for the country.

00:00:23.720 I think we should trade as much as possible with the United States.

00:00:27.780 It makes both countries better if you are able to purchase products from one side of the border that are cheaper there than they are on your side of the border.

00:00:35.460 But the way that Mark Carney and the Liberals are going about this is entirely wrong.

00:00:40.800 They portray themselves as being people who are going to stand up for Canada and diversify our trade around the world, and that's not happening.

00:00:49.340 But anyways, before I get into it, guys, I just quickly want to remind you, if you like the channel, make sure to drop a like on the video.

00:00:56.360 It really helps us in the algorithm.

00:00:58.480 Leave a comment on what you think about the topic of the day, and if you are not yet a subscriber to the channel,

00:01:03.680 make sure to hit that subscribe button so my videos will pop up in your feed more often.

00:01:08.420 Anyways, I just want to talk quickly about this post that Jeff Russ put up,

00:01:13.160 and then I want to discuss a little bit more about the article that it came from.

00:01:17.300 It's from an Economist article, and so Jeff Russ here quotes one line in the article that says,

00:01:24.300 quote,

00:01:24.500 Jeff Russ then goes on to say himself,

00:01:36.460 I don't even know what to say anymore.

00:01:38.540 The Liberals ran in a whole campaign on breaking with the U.S. and seeking more economic independence.

00:01:44.140 Then they give the White House a veto on trade with the world.

00:01:47.960 I would love to hear what the elbows up shills have to say about this.

00:01:51.880 And he's right.

00:01:52.860 It's a little bit of a backwards term, the first right of refusal.

00:01:56.780 But basically, what they are giving to the U.S., and this has been stated in the article that it's guaranteed.

00:02:04.460 I will pull it up so you can see.

00:02:07.580 It says,

00:02:08.440 People briefed on the negotiations say the United States would be guaranteed first right of refusal on Canadian resources.

00:02:14.980 This is quite a prize at a time when countries around the world are scrambling to line up their supplies.

00:02:21.440 Yeah, so effectively, the U.S. gets to get first bidding rights on anything that Canada is planning on exporting.

00:02:31.880 So they get to decide whether we have to basically go to them first in order to see if there's anyone who wants their supplies for a price that they negotiate

00:02:41.100 before we are allowed looking around the international scene.

00:02:45.620 This is going to slow down Canada diversifying its trade because you must go and negotiate with the U.S. before you try and develop new markets.

00:02:56.100 This is quite literally the opposite of what Mark Carney and the liberals had run on in 2025's federal election.

00:03:04.380 Again, the whole idea that Mark Carney ran on was that we're too reliant on the United States.

00:03:09.620 They're threatening our sovereignty, and so we're going to go off to Asia, Europe, Africa, Australia, Japan, 0.99

00:03:17.940 and we're going to go see if we can do some trade with them instead.

00:03:21.720 And now, already before a deal signed, it has already been guaranteed that the U.S. is going to, like our oil and gas industry,

00:03:29.700 get way more, like, get first dibs on absolutely everything, and we're not going to actually have an open competition for our resources first.

00:03:39.900 They get to purchase them at market values, at whatever market value we agree to, before, and if they refuse,

00:03:47.660 then you can go try and get a higher price elsewhere, but we first must go and ask them if they want it.

00:03:52.660 I don't even know what to say about that.

00:03:57.440 It's just patently absurd, and everyone who is pushing the yellows up narrative should be criticizing him right now,

00:04:04.060 but I know they're not.

00:04:05.740 None of these people are ever going to come to Mark Carney and say,

00:04:08.080 well, why are you letting Trump and the Americans eat your lunch?

00:04:11.320 And I was just surveying some of the articles on the trade negotiations between Mark Carney and Donald Trump just a bit ago,

00:04:19.360 and all of the articles that are from more pro-liberal outlets, and it's totally fine for an outlet to be more pro-liberal.

00:04:26.220 I'm more pro-conservative, obviously.

00:04:28.480 They just keep talking about how there's progress in the deals.

00:04:32.900 Oh, my goodness.

00:04:34.980 I'm just, like, coughing all over myself right now.

00:04:36.740 But they're, like, just talking about the idea that, oh, well, progress is being made.

00:04:40.840 They're close.

00:04:41.400 They're going to try and close the deal at the G7 when Trump is in Alberta.

00:04:45.180 But no mention of the right of first refusal, which is, you know, kind of a big deal in shaping this agreement.

00:04:53.340 It is effectively the previous agreement, but worse for Canada.

00:04:58.040 And this is being done by the people who were attacking the conservatives for being too soft on the Americans.

00:05:06.840 Oh, my goodness.

00:05:08.240 It annoys me to no end.

00:05:11.040 Anyways, I do want to talk about some other stuff that's kind of related to this, and that is Bill C-2.

00:05:19.280 I'm not sure if you guys have seen Bill C-2, but it is the Liberals' new border bill.

00:05:25.460 It's 150 pages right here, Bill C-2.

00:05:28.100 An act respecting certain measures related to the security of the border between Canada and the United States and respecting the other related security measures.

00:05:37.420 And I will say, first off, a lot of stuff in this bill is perfectly fine.

00:05:43.420 It is making things like the, it's not byproducts, but it's like the components of fentanyl making those like illegal substances or controlled substances.

00:05:55.220 So you can't just take the, like, you can't just take the supplies to make fentanyl over the border and say, well, it's not fentanyl yet, so you can't stop me.

00:06:02.540 They can stop people with the precursors to fentanyl, and they can schedule that as a controlled, or they can make that a controlled substance and charge someone for trying to move over the border with it or from trying to import it who is not allowed to have it.

00:06:17.000 That's good.

00:06:17.440 There's some other good stuff about trying to actually tighten up patrols, you know, increasing, you know, increasing screenings at the border.

00:06:24.840 There's absolutely some, some fine stuff in the bill.

00:06:29.020 At the same time, there are things in the bill that don't really have anything to do with border security, like I guess it does, but I'll just get to it.

00:06:40.380 They can read your mail now.

00:06:41.840 Now, apparently any mail coming in from outside the country into Canada can now just be read through, opened up.

00:06:48.340 They can do whatever they want with it.

00:06:50.000 I don't know why we need this for border security.

00:06:52.500 Like, I understand the idea.

00:06:54.520 You don't want people like shipping in fentanyl precursors or trying to, you know, send weapons over the border through the mail.

00:07:02.140 But I would say that how about we first start to try and enforce the law in our own country, getting rid of things like Bill C-75, the soft on crime bail reform law that the liberals passed under Justin Trudeau.

00:07:16.420 Maybe we should get rid of that.

00:07:17.480 And Bill C-5, which lowers sentencing for people carrying illegal handguns, like not just a model of handgun the liberals are trying to ban, but like an actual illegally obtained handgun.

00:07:29.320 We let those people off easy.

00:07:31.200 But now we're going to open your mail before doing the basics of law enforcement.

00:07:35.980 Some other things about the bill.

00:07:38.120 We are going to have like, well, here, I'll just read this part.

00:07:42.000 Yeah, so this is the part about the mail.

00:07:48.080 It says, the Royal Canadian Mounted Police, RCMP, and the Canadian Security Intelligence Service, CSIS, has expanded abilities to intercept and search communications, including mail, to address security threats.

00:08:01.580 And what people also interpreted that to mean is that they would be able to, at the border, be able to request that you open up your phone and download its contents to know who you've been communicating with and whatnot.

00:08:13.500 Could you catch bad guys this way?

00:08:15.700 Sure.

00:08:16.540 Also, bad guys don't follow the law, and they are going to be able to find ways around this.

00:08:20.800 And it's going to turn into a program where you're just going to be reading random people's mail and opening their packages.

00:08:26.560 Another aspect of Bill C-2 that is kind of concerning, I can see the merits behind it, but I can also see a lot of demerits behind it.

00:08:35.640 They are now going to cap all cash transactions under like over $10,000.

00:08:42.060 If you make a $10,000 donation somewhere in cash, you try and purchase something for $10,000 in cash, like a car, you can no longer do that.

00:08:50.800 Or at least you have to have the whole thing fingerprinted and you have to have like basically a government bureaucrat sign off on it being legal before you can transact that way.

00:08:59.540 And I understand criminals deal in cash.

00:09:02.760 It's not traceable.

00:09:04.120 It's literally just a physical object you can hand somebody.

00:09:07.040 It's not digital in any way.

00:09:08.560 But a lot of people are, I would say, rightfully concerned that by putting such a low cap on it of $10,000, you are eventually going to be able to move into the idea that all cash is actually dangerous.

00:09:21.720 There is potential for money laundering with cash, so we have to go to pure digital currency because Mark Carney throughout his career has been a big proponent of central bank digital currency, CBDCs.

00:09:37.020 He has been quoted in many articles on this topic to the point where other people who are in charge of central banks, because he was usually sounding off about this when he was like the head of the Central Bank of England, they would even react to his opinions on CBDCs as if it's like very odd because his opinions are extremely maximalist on CBDCs.

00:09:59.540 He thinks they're fantastic, and people are thinking that this aspect of Bill C2 is a very easy way of putting his foot in the door and justifying digital currencies because we've got to crack down on money laundering.

00:10:11.180 Again, I go back to Bill C75 and Bill 5 and his allowance of decriminalization of drugs around the country.

00:10:17.440 Why do we need extra security measures around reading people's mail and restricting their abilities to use cash when we're not even keeping the criminals on our own streets committing crimes in front of police officers locked up for more than 24 hours?

00:10:33.980 We should try and get that done first before we start increasing these other measures which allow the government to act like a police state and like invade your own privacy, slow you down at the border to download your phone and all this other stuff.

00:10:47.760 I think we should probably do the basics and then we can ratchet it up from there if we still have a rampant crime problem.

00:10:54.580 I really don't think we'll have a rampant crime problem if we just upgraded sentencing and held people if they are repeat offenders or violent offenders.

00:11:02.380 That's all you need to do.

00:11:05.120 There's this lie that, you know, mass incarceration in the 90s and early 2000s didn't do anything but it just put a lot of people in prison.

00:11:13.240 It actually worked incredibly well because if someone commits a crime and you lock them up and then they get out and they commit another crime and you lock them up harder,

00:11:20.980 it turns out that causes less crime because there are more criminals, you know, the people who commit crime in prison rather than out on the streets.

00:11:30.160 There's this asinine argument I sometimes hear from people where they'll say, well, locking people up doesn't deter other people from committing crime.

00:11:40.420 It's like, when did I care about deterring other people from committing crimes by locking up another criminal? 0.51

00:11:47.680 You lock up criminals and part of my background is research in crime during my master's degree.

00:11:54.060 The point of locking up criminals is to lock up that particular criminal.

00:12:00.240 I'm not locking up Dave for a violent offense because it's going to dissuade Bill from committing a violent offense. 0.99

00:12:06.920 I'm locking up Dave to lock up Dave and if Bill's stupid enough to also commit a violent offense, we'll lock him up too. 0.99

00:12:14.320 That's how you stop crime. 0.99

00:12:15.800 You incapacitate criminals from being able to continue.

00:12:19.200 I think it's like 3% or no, it's not even 3%.

00:12:22.540 It's like a couple hundred people in any given city, depends on the size.

00:12:27.340 If it's a city like Calgary, it may only be like 100 or 70 people or I believe it was New York City.

00:12:33.420 300 people in New York City commit like over 30% of all of the shoplifting offenses, of all the retail thefts.

00:12:41.580 If you incapacitate those people and you lock them up for years, those people will stop committing retail theft.

00:12:49.800 Hopefully that's not a crazy concept for people to consume there. 0.92

00:12:53.280 Anyways, now I just want to move on to one other thing because I found it funny and I knew it was like the stars aligned and one of the dumbest people I know was citing one of the other dumbest people I know and I needed to talk about it. 0.80

00:13:07.460 So if you don't know who this person is, Guy Filica here is a pro-drug activist. 0.82

00:13:15.020 He is a pro-safe injection site, safe supply activist.

00:13:19.680 Apparently, or he's a recovering drug addict who thinks that because there was all these safe injection sites when he was recovering and they personally helped him, that means the programs are good.

00:13:31.740 And he is, let's not even say an advocate, he is a shill for them, even though he recovered way back when drugs were not nearly as hard as fentanyl and other things that can like permanently cripple you for life.

00:13:44.240 He still pushes this stuff.

00:13:45.960 He also had a rap sheet a mile long that he was able to get off of.

00:13:49.780 He even made a joke of holding how long his rap sheet was that a lawyer got him off of, which included domestic battery and stuff like that.

00:13:57.100 He likes to make a big joke about the fact he used to beat women, but whatever.

00:14:01.140 This guy, for some reason, is in the mainstream in Canada, a respected member of the media who gets to sit on panels and talk about why we need to jam more drugs down people's throats using safe supply to fuel the drug trade.

00:14:16.280 But this guy was sharing this video from Dr. Richard Wolff, or it's not his account, but it's an account called At Commie Trash.

00:14:27.500 Dr. David Wolff, I'm not sure if you know this, is a communist, is a Marxist economist, which is an oxymoron.

00:14:35.200 And Guy Felica says, we are all closer to becoming homeless than becoming a billionaire.

00:14:40.220 It's true what they say, without poverty and massive inequality, you can't have billionaires.

00:14:45.000 I'm just going to play this clip, and you probably already know it's economically illiterate.

00:14:51.720 What he just wrote there is illiterate.

00:14:55.060 It demonstrates that either he's lying or maybe the drugs truly affected Guy Felica's brain this badly. 1.00

00:15:00.980 He doesn't even know that that is completely stupid. 1.00

00:15:04.560 Sorry, are people in Africa poor because there are too many billionaires in their countries? 1.00

00:15:10.360 Are people in China not as well off as the people in the United States because there are too many Chinese billionaires? 0.53

00:15:20.820 Billionaires per capita are higher in the U.S. than China.

00:15:24.080 In fact, some countries in Scandinavia have the highest per capita billionaires, and yet they're better off than Canada and the United States.

00:15:31.080 And by the way, Scandinavia is not socialist at all, in case someone tries to bring that up.

00:15:35.420 They have lower corporate taxes than Canada and the U.S.

00:15:38.600 But here is Dr. Richard Wolff.

00:15:40.360 The 62 richest people in the world, most of whom are Americans, not all American, but most of whom are U.S. citizens.

00:15:48.120 The 62 richest people together have more wealth than the bottom half of the population of this planet.

00:15:57.080 Okay, and what does that mean?

00:16:01.400 Did Elon Musk and did, like, Jeff Bezos go and rob people in Togo?

00:16:09.000 Did they?

00:16:10.040 They didn't.

00:16:11.060 I can assure you that they have not gone to poor African countries and ripped money out of people's hands.

00:16:17.140 This is, again, socialistic economic thinking, that somebody is rich because they have taken from somebody else.

00:16:24.040 No, in fact, if you actually trade with other people, you will be better off, and that's what these people have done.

00:16:30.720 They're businessmen.

00:16:32.040 They will give you a product that you pay for because you have made the calculus in your mind that that object that they are selling to you will give you more value than the cash that you are handing them over.

00:16:44.700 Or you're an irrational person, but most people are rational most of the time.

00:16:50.240 And so when you go to a grocery store and purchase food, it's because that grocery store can supply you food better than you could supply yourself going out into the woods and foraging.

00:17:00.300 But I guess this is an alien concept to Dr. Richard Wolff.

00:17:05.840 Roughly three and a half billion people.

00:17:08.740 That's beyond obscene.

00:17:10.700 I don't know what I don't have an adjective that captures this, but it's it's called free markets, though.

00:17:18.380 People, nobody is poor because of Elon Musk.

00:17:22.220 There's nobody poor because of Jeff Bezos or or like what is what's his noodle?

00:17:28.900 I don't know.

00:17:29.560 I was going to name another guy like Michael Bloomberg is a fairly wealthy man.

00:17:33.180 Nobody is poor because of Michael Bloomberg.

00:17:35.520 What how have these people stolen money from anyone?

00:17:40.200 Again, there are societies where there are no billionaires, no rich people at all.

00:17:44.580 And everyone's dirt poor because poverty, because income inequality has nothing to do.

00:17:51.320 There's no causal relationship between people being poor and people being rich.

00:17:54.800 I can describe what it means.

00:17:57.860 If you look at all the statistics of the World Health Organization, the bottom half of our population are people who die way earlier than they need to.

00:18:07.640 Why?

00:18:08.160 Because their diets are no good or they don't have enough food in the first place or they can't get to a clinic to have little problems that are easily solved by modern medical methods taken care of.

00:18:20.420 But it's so how does how is that a billionaire's fault?

00:18:26.140 What do they was about to go into the clinic and get some like assistance and like Jeff Bezos steps in the way, you know, Tim Cook steps in the way and says, stop right there.

00:18:35.940 Give me that five bucks you're about to use to go get a checkup.

00:18:38.800 No, no, it's my five bucks.

00:18:40.360 My five bucks. 1.00

00:18:41.060 Now, this is obviously stupid. 1.00

00:18:45.340 Capitalism, free markets have risen more people out of poverty than anything else in human history. 1.00

00:18:52.980 And he's going to be mad because it hasn't actually gotten everyone out of poverty.

00:18:57.200 What, the Soviet Union get people out of poverty?

00:18:59.460 What did Mao's China cause people to stop starving?

00:19:02.420 The only time people actually started doing better in China was when they started embracing limited capitalism so that people could actually, you know, buy and sell goods without it all being rubber stamped every step of the way by the government and sold at a government store.

00:19:17.700 It's unspeakable what happens to the lower half. 1.00

00:19:20.880 If we took half the wealth of the richest, and they would still be the richest, and made it available to the bottom half, it would transform their lives, literally.

00:19:31.480 Now, there's no moral or ethical justification for this situation.

00:19:37.420 And that's not even true.

00:19:39.000 Well, if you gave them the money, you just took half the richest people in the world's money, and you gave it to the bottom half, their lives would be transformed.

00:19:46.640 I'm like, no, businesses would collapse.

00:19:49.900 The economy would fail, and those people would not have opportunities extended to them.

00:19:56.300 But these people truly believe, these people who advocate extremely high taxes, believe that you can just simply minus off some money from them and give it to that guy.

00:20:05.560 And that guy is proportionately better off because of that, even though there is nothing to actually keep generating that money year after year.

00:20:13.500 And if you start making it harder for someone to actually hold on to the money that they earn, you're going to stop generating as much.

00:20:20.340 And you're not going to be able to take as much money from that person and give it to another person.

00:20:24.340 And so how do you actually make people better off?

00:20:27.140 Well, you actually have productivity.

00:20:29.580 Productivity is the thing that nobody can do an end run around.

00:20:33.080 You have to be productive, or you're not going to be able to have wealth in any way, shape, or form.

00:20:39.200 People have a lot of money because their activities in life have been highly productive.

00:20:44.260 Yes, there are some people who just inherited a lot of money, but as a very dwindlingly small amount of individuals on this planet, you need productivity in countries.

00:20:53.120 There's no way, was Richard Wolff going to take half of Elon Musk's money and then just give it to the country of, like, you know, Togo is what I keep going back to.

00:21:04.040 Equatorial Guinea is poor because of too many billionaires.

00:21:07.940 Equatorial Guinea is poor because there is one dictator who takes all the oil and gas money and then doesn't actually let other people have their own ability to enter the market and work and, you know, trade their labor or even start their own businesses for resources.

00:21:22.640 It's the government oil and gas company, and nobody else can get in the business.

00:21:27.080 That's why people are broke.

00:21:29.420 Anyways, well, that was annoying.

00:21:32.520 Anyways, hopefully you don't mind when I respond to things that are kind of like not Canadian politics-based, but they just annoy me.

00:21:38.140 Guy Filica gave me a perfect insertion point because I got to sideswipe him, then sideswipe Dr. Richard Wolff, who I cannot stand at all.

00:21:46.100 He is just one of the most open communists you'll see in academia, who, by the way, you'll even find people who are supposed to be, like, moderate liberals platforming people like Dr. Richard Wolff.

00:21:57.080 The man's a nutcase.

00:21:58.780 He has literally excused deaths in the Soviet Union and China. 0.96

00:22:03.240 And you'll have people like the Rational National, if you know that guy, just sitting there like, oh, wow.

00:22:08.620 Dr. Richard Wolff really speaking a lot of truth here, speaking a lot of truth. 1.00

00:22:12.980 The man's an idiot. 1.00

00:22:14.440 His entire – I've seen someone rip apart his first doctoral dissertation because it was just full of nonsense, where he claims that the British Empire killed a bunch of people, killed 1.5 million people in Kenya. 1.00

00:22:28.380 Because at one point, they estimated the population at 4 million, and then, like, a few decades later, they estimated it at 2.5 million because they got better at estimating it.

00:22:36.360 But because they got better at estimating it, that means 1.5 million people were fictionally murdered. 0.99

00:22:41.960 He's an idiot, and that's how he tries to attack capitalism, through means like that. 1.00

00:22:46.360 That's just a taste of how ridiculous this person is. 1.00

00:22:50.180 Anyway, so that should be it for me today, guys.

00:22:52.720 Again, if you like the channel, drop a like on the video, subscribe, leave a comment.

00:22:56.700 And if you live in the city of Calgary, guys, sign up and get a Sonia Sharp for Mayor lawn sign.

00:23:02.460 We are trying to box out all of the also-ran fake conservatives trying to run for office early so we can actually have a conservative running for mayor who can actually win, and that would be Sonia Sharp. 0.97

00:23:13.340 Jeff Davison, Jeremy Farkas, complete hacks, ignore them.

00:23:17.560 Sonia Sharp is the only person I will accept currently in this race to become mayor. 0.99

00:23:21.860 Anyways, that's it for me today, guys.

00:23:23.820 See you later.

00:23:24.300 Bye.

00:23:25.300 Bye.

00:23:25.740 Bye.

00:23:25.900 Bye.

00:23:26.300 Bye.

00:23:27.160 Bye.

00:23:27.760 Bye.

00:23:28.100 Bye.

00:23:28.420 uzzy bear

00:23:28.720 Bye.

00:23:30.080 Bye.

00:23:31.460 Bye.

00:23:32.520 Bye.

00:23:34.020 Bye.

00:23:34.500 Bye.

00:23:34.660 Bye.

00:23:36.800 Bye.

00:23:38.080 Bye.

00:23:40.180 Bye.

00:23:40.860 Bye.

00:23:42.020 Bye.

00:23:42.560 Bye.

00:23:42.880 Bye.

00:23:43.040 Bye.

00:23:43.360 Bye.

00:23:44.140 Bye.

00:23:44.420 Bye.

00:23:44.580 Bye.

00:23:46.660 Bye.

00:23:49.040 Bye.

00:23:50.600 Bye.

00:23:53.140 Bye.

The National Telegraph - Wyatt Claypool - June 15, 2025

Carney LOSING to Trump on Trade - Elbows Down Liberals!

Episode Stats

Summary

Transcript