Wyatt Claypool talks about Canada's relationship with the United States and why it's time to get rid of our trade deal with the U.S. and what it means for the future of our economy and the world economy.
00:05:36.860It's not a great place to start a new business.
00:05:38.860You have to have a crazy amount of extra capital to set up the same size business in Canada that
00:05:43.820you could set up in the United States.
00:05:45.480It's just not a friendly investment environment right now.
00:05:48.760But yeah, but Mark Carney, again, is attempting to try and shift blame towards the United States.
00:05:54.620And then we will talk a little bit later as well about the media, again, continuing to try and shift blame or shift focus towards Pierre Polio because things are not going very well for Mark Carney.
00:06:07.440He looks rather demented while he's giving this presser.
00:06:11.000And he's obviously not very happy right now.
00:06:14.460He acts like that's somehow, like, surprising.
00:06:38.800Like, wow, we have the best trade deal with the United States.
00:06:41.760Who could have guessed we'd have the best trade deal with the United States of all the countries on the planet when we trade 80% with them?
00:06:49.400The United States, I think 70% of their trade is with Canada, 60 or 70%.
00:06:53.060Obviously, they're going to have the best trade deal with us.
00:06:57.760The thing is, we have the most leverage, and we also don't use any of our leverage.
00:07:02.260And it doesn't matter how much liberals can justify Mark Carney not actually making a real good deal with the United States.
00:07:12.420As much as they'd like to kind of pretend that this isn't an issue, people are going to feel the effects of not having actually negotiated properly.
00:07:42.580Okay, yeah, we have to get to this one.
00:07:44.080Mark Nixon posted this clip saying that Mark Carney is a complete broken record, keeps talking about the crisis that we're in and how he's going to solve it.
00:07:51.540And yet we're six months into him having apparently been working on it, and still we got nothing.
00:07:56.640The world is more dangerous and divided.
00:08:01.100The U.S., as we all know, has fundamentally changed its approach to trade.
00:08:06.420By the way, he keeps saying that U.S. is starting a new era of protectionism.
00:08:21.560I suppose the U.S. has the power of kind of changing world trade dynamics more, but Canada has been extremely protectionist for a very long time.
00:08:29.740We're even protectionist against outside media, by the way.
00:08:33.340You have to play enough CanCon in order to be on the air.
00:08:37.820We're in a country where we've had massive tariffs on dairy and poultry for a very long time.
00:08:43.900And we have other duties on products that enter our country, and people can agree or disagree with that.
00:08:49.920But the idea that we are going to clutch our pearls and pretend that they were subjecting us to something, even though we've been doing it to them for a very long time, was always silly.
00:08:57.140And then trying to measure and say, well, ours weren't as bad.
00:09:00.060Well, we did it first, and we were doing it for decades.
00:09:03.620Technically, of course, theirs are going to be higher because they've been putting up with not being able to access our market for dairy and poultry for decades and decades and decades.
00:09:11.780And people will say, well, the U.S. doesn't take Canadian dairy or poultry because they're subsidized.
00:09:18.380We're subsidized, and we have a quota system.
00:09:20.440The reason why we don't end up sending any into the United States is because the quota system cuts people off on how much they're able to produce.
00:09:27.120So we actually protect our dairy industry, but at the same time, we cripple it at the same time.
00:09:36.780And they mean that our economic strategy needs to change dramatically.
00:09:41.780And they mean as well, even though we both live through time or living, you living, I live through times of immense change, your future will not be the same as my past.
00:09:52.800When I was your age, the Berlin Wall fell, leading to a long period of liberalization of the movement of goods, capital, and people, leading to a peace dividend.
00:10:14.040You might be wondering, why are we watching all this?
00:10:19.580Well, it's because Mark Carney decided to say it all.
00:10:23.560The whole thing was kind of trying to reiterate a lot of the things he said during the last campaign and never really getting onto the budget.
00:10:30.300Yes, the budget's going to protect our industry.
00:10:32.280We're going to spend less and invest more.
00:10:34.360We want to put more money into capital projects and not into ministerial budgets and whatnot.
00:10:40.160Not operating budgets, but more infrastructure.
00:10:43.200It's like, okay, well, that's all great.
00:10:44.480We're also six months in and we haven't done any of this yet.
00:10:47.320And it's literally going to be years before we, even if it ends up being positive, it's going to be years before we end up seeing all that.
00:10:55.240Because the man at the end of the day is not very much of a capitalist.
00:10:58.140If he actually cared about our economy, he'd cut taxes, cut regulations, and get it out of the way.
00:11:02.520But Mark Carney comes from a world of grants and subsidies and tax breaks.
00:11:08.600And that is his approach to prosperity.
00:11:11.000It's picking winners and losers, companies he likes, industries he likes, and giving them grants and subsidies in order to grow more.
00:11:17.220In which it just creates depressed growth because that's not, you know, just jamming money into unproductive parts of the economy does not actually create real prosperity.
00:11:26.360But now let's jump over to a clip of Pierre Polyev, who yesterday had a press conference where he's been having to fight with the media as well as go after the liberals at the same time.
00:11:35.540Because, again, the media attempts to try and move the attention away from Carney whenever he's doing a bad job.
00:11:43.460And that's why they're trying to grill Polyev over the RCMP comments he made, which were apt.
00:11:48.540RCMP leadership has let conservative liberals get away with corruption for years now.
00:11:53.660And we're supposed to be all offended that he went after the RCMP leadership when rank-and-file RCMP don't like the RCMP leadership.
00:11:59.820And I don't think the general public likes them either.
00:12:01.780They know how duplicitous many of these people are, how useless many of these people are, like Brenda Luckey when she was RCMP commissioner.
00:12:09.200But instead of acknowledging all of those sacrifices and promising to reverse them, Mr. Carney doubles down on all the policies that caused them.
00:12:17.260The inflationary deficits that were left behind by the previous liberal government, he's doubled them.
00:12:22.820He's increased spending on bureaucracy and consultants, all of which is driving inflation up even higher than it was before he took office.
00:12:30.140In fact, food price inflation is almost double the Bank of Canada's target, which means our young people are now forced to downgrade their diets and line up at food banks.
00:12:39.100We see paychecks are now under attack.
00:12:41.800While the first 10 years of liberal government deprived our youth of home ownership, now it's depriving them of jobs.
00:12:49.060Youth employment numbers are now the worst in a generation, as the government blocks jobs with high taxes and anti-development laws and allows multinational corporations to give those jobs away to the temporary foreign worker program, meaning countless young people are not able to even find a paycheck, let alone a place to live.
00:13:08.760My message to Canadian youth is this, you have sacrificed enough under this liberal government, you don't have to live like this.
00:13:17.800We can turn the hurt of the last decade into the hope of the future, and we have a plan to do it.
00:13:23.800That plan will unlock free enterprise.
00:13:25.760It goes into a bit more of a pitch, but I think that generally speaking, the positioning on Carney has been quite good because, frankly, it's really easy to see what the liberals are doing right now.
00:13:36.140And I actually want to highlight the comment, because this was clipped by Jasmine Lane, and actually I did appreciate her comment.
00:13:43.260I don't think we should, I wouldn't want to be as intense about it as she was, just because I think there's many people acting in good faith who she's referring to here.
00:13:51.720But I, as somebody who's going to attend the Federal Conservative Convention, I might have to do it as an observer.
00:13:58.060I don't think I can actually get in as a delegate, but whatever.
00:14:00.280I tend to walk around and talk to people anyways, so much that I can't really be there for votes and whatnot, for constitution and policy stuff.
00:14:07.300But there, I think right now, and I'm saying this because I'm going to convention, I don't really see a reason to ditch Polyev as the Federal Conservative leader.
00:14:17.640Unlike John Rustad in BC, who lost and went very left on a lot of policy issues, he went dictatorial on how he runs the party.
00:14:25.000See, Polyev, I would say he's actually been moving right in the right areas.
00:14:29.160He's actually been sounding like he wants to actually democratize the party better, because there was way too many nominations before the last federal election,
00:14:37.760where it was party elites coming down from on high and saying, I want that person to win and not that person, and we're going to kick you out, and we're going to kick that guy out.
00:14:44.500Because I was one of the people kicked out of a nomination.
00:14:46.360But at the very least, his people seem to be doing the right thing, but Jasmine Lane addresses those who seem to, basically, no matter what is happening, are finding angles to naysay Polyev.
00:14:57.260And by the way, he should get criticism when there is things to criticize.
00:15:01.620But at the same time, you should pair criticism up with saying, you know, but he's right there.
00:15:07.020And there are some people where it seems like the, well, he's right there, never actually comes.
00:15:12.240And again, I think sometimes it's people acting in good faith, but you do need to make sure, am I accidentally, unintentionally becoming contrarian?
00:15:23.320And I take Jasmine's post, and to be fair, I believe she's only talking about people who vote liberal.
00:15:52.620I do apply this a little bit to those who are fragging Polyev from the right, of saying that, oh, he didn't speak out on the ostriches enough.
00:16:01.680He didn't do, you know, he didn't say enough about this, or he went to this cultural event.
00:16:06.060Look at him wearing some sort of head covering at a Sikh event.
00:16:08.580Like, guys, what do you, enter politics and see what it's like.
00:16:13.760And by the way, I work for 1BC in the legislature.
00:16:18.440And we're trying to make as much change as possible.
00:16:20.560I, if 1BC was in the same political environment as the federal conservatives, we really would be stuck with not much as, like, not very much to criticize from their right, because they're, frankly, 10,000 times better than the BC conservatives, because they actually say conservative things.
00:16:36.220And so, I always get a little annoyed when people start, oh, you know, I'm going to show you that Polyev's not a true one.
00:16:44.140Okay, okay, you can criticize, but if you can't pair it up with, well, he's doing this right.
00:16:48.420And the same thing applies to the left, which is who Jasmine Lane was referring to there.
00:16:53.060If you're on the left, and you, as your government is failing, as its approval ratings start to fall again, and you don't say, well, yeah, Carney should be doing this.
00:17:04.560And yeah, no, baby Polyev's right about this.
00:17:06.440Maybe you don't like his policy, but he's kind of right about this.
00:17:10.720If all you're trying to do is search through Polyev's social media and try and clip him out of context on a podcast to say, oh, he hates cops, you know what you're doing.
00:17:21.340You must just hate the average Canadian if you genuinely don't actually care about the fact pattern, and all you're here to do is naysay.
00:17:27.660But now we can jump on to some other stuff, like this World of Statistics chart on X that really shows why I think the Liberals are going to start really falling down the popularity ratings soon.
00:17:42.140They already are, but I'm meaning like a big jump down.
00:17:45.480World of Statistics says household debt as share of GDP.
00:17:49.520Canada is currently at the top of the list of these Western countries, Western and developing countries, 103%.
00:17:57.660Our household debt in this country is 103% of our GDP.
00:18:04.660Next down is a 23% drop to the UK at 80%, the US at 73%, France 63%, China 62%, Germany 52%, and so on and so forth.
00:18:15.460The difference between Canada and the UK and the US even, even though we're even higher than them, is that even if the US had even as much as Canada,
00:18:24.500they have an economy that could potentially pay for it all, to pay it all back.
00:18:29.320Canada's economy is too sluggish to handle the current amount of household debt we have,
00:18:33.780and with inflation increasing and prices increasing again, we are going to have a bigger increase in debt,
00:18:38.920and we're going to become less and less and less able to actually pay any of it back.
00:18:44.820But, you know, I'm not trying to be too doom and gloom here, but now we have all these people trying to, again,
00:18:56.480cook up stories about how Polyev's leadership of the Conservative Party is at risk,
00:19:00.940and this is also why I urge people, if you're on the right and you have a problem with something Polyev does,