The National Telegraph - Wyatt Claypool - February 17, 2024


Liberals threaten grocery stores to take the blame for inflation


Episode Stats


Length

5 minutes

Words per minute

179.19075

Word count

899

Sentence count

51


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Justin Trudeau's government is trying to take control of the grocery stores and force them to raise their prices or else they will be forced to pay higher taxes and fees. This is a complete socialist takeover of the entire grocery system and it's absolutely insane.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 There's a pretty crazy liberal government scandal going on pretty much in plain sight right now that a lot of members of the general public don't even know about.
00:00:07.820 I'm not sure if you've heard about this, but Justin Trudeau's liberal government right now is threatening Walmart and Loblaws into basically taking the blame for inflation in Canada or else they're going to pass legislation to cram down further regulations and taxes onto them.
00:00:24.800 Absolutely insane.
00:00:25.840 So as rational thinking adults, we all know that inflation is created in Ottawa.
00:00:31.700 It's created by Justin Trudeau's government in the Bank of Canada through massive spending, raises in taxes, and by money printing, obviously prices are going to go up.
00:00:41.000 There's a larger supply of cash around.
00:00:43.360 Obviously, stores do not get nearly as much money from what they sell because of the taxes that they pay, so prices go up.
00:00:50.020 But because Justin Trudeau and also Jagme Singh cannot take any responsibility for their own actions, they're going to Loblaws and Walmart and saying, you better sign up onto the grocery code or we will pass legislation and regulations, basically allowing government commissars to set prices for you, basically taking away control over sales and pricing from your companies and giving it to the government.
00:01:14.040 Absolutely insane.
00:01:16.040 They haven't specifically said what the legislation would be to counter the grocery stores if they do not sign on to this code.
00:01:22.100 At the same time, it's basically implied that the government is just going to do by force what they can't do to the grocery stores through intimidation.
00:01:29.500 This is 100% scandalous.
00:01:32.120 This is disgusting.
00:01:33.100 It's the liberal government basically trying to monopolize the grocery industry by making it so that they all have to follow certain pricing codes, certain pricing measures, where prices can only go up so much per year because the liberals want to hide their inflation as much as possible.
00:01:50.020 Grocery stores, especially ones like Loblaws and Walmart, those chains make about 2% profit on any product that they sell outside of impulse products, like if you buy pots and pans from them.
00:02:02.180 If you buy like a cabbage or you buy crackers or fish or eggs or whatever, they're making about 2% profit.
00:02:10.660 The grocery industry is all about volume.
00:02:12.740 They are not price gouging anybody, but the liberal government and the NDP want Canadians to think that it wasn't their fault that prices are going up.
00:02:22.680 It's the grocery stores.
00:02:24.020 It's hidden capitalist greed in the grocery store industry that is causing prices to go up.
00:02:29.780 It's not because they spent more money than we've ever spent before in the government.
00:02:34.440 It's not because in 2015, our federal budget was only $269 billion, and right now it's $449 billion.
00:02:41.860 That's why prices are going up.
00:02:43.380 Taxes have never been higher.
00:02:44.920 A lot of regulations have never been higher.
00:02:47.200 That is exactly why prices are high.
00:02:48.860 But Jagmeet Singh and Justin Trudeau want to pretend it's Galen Weston and Loblaws and the other grocery CEOs who are just arbitrarily raising prices because I guess they all don't know what competition is.
00:02:59.800 The idea that somehow grocery stores, because they're greedy, are just artificially raising prices is stupid because any other grocery store chain would just choose not to raise prices, and they would eat up the rest of the market because they would just have better sales than everybody else.
00:03:14.700 The grocery stores, for the most part, are not engaged in any sort of price fixing.
00:03:19.320 There was one scandal several years ago about bread being priced fixed in a lot of grocery store chains in which it was a scandal that maybe was $0.15 worth of bread being priced gouged.
00:03:31.720 Very silly.
00:03:32.920 Yeah, that's bad.
00:03:34.260 But the government is saying that because supposedly the grocery store chains are price gouging,
00:03:40.940 the government is going to engage in price fixing in order to effectively force grocery stores to make less money and even potentially put them into bankruptcy.
00:03:50.900 It's all under the guise of protecting the consumer or smaller grocery store chains.
00:03:56.520 Actually, this will probably put even more small grocery store chains under because a lot of these larger ones will have artificially lower prices,
00:04:03.280 which would just make it harder for smaller grocery store chains to compete.
00:04:07.200 And then, at the same time, this would actually probably make a lot of other things in grocery stores that aren't being price fixed go up in price.
00:04:15.660 Whatever the government is not going to force them to price fix is going to become more expensive.
00:04:20.840 But regardless, the point of the scandal is that the government basically wants to have control over prices.
00:04:27.720 That is something a socialist government does.
00:04:30.140 And the liberal MVP coalition government is definitely becoming very much a socialist government.
00:04:35.540 That should be it for me today.
00:04:36.820 I just want you guys to all know that this is going on.
00:04:39.440 It's absolutely insane.
00:04:40.440 Here's the National Post article about it.
00:04:43.080 I'll link the Financial Post, National Post article in the description below.
00:04:47.220 More people need to know about this.
00:04:48.860 This is a complete socialist takeover of the grocery store system if it's allowed to go forward.
00:04:54.380 I hope you guys will speak out about it.
00:04:56.200 Make sure people are aware of this because it is absolutely disgusting.
00:05:00.380 See you guys later.