True Patriot Love - October 04, 2025


Canada's GDP： Recession or Political Spin？ The Truth Behind the Numbers


Episode Stats

Length

31 minutes

Words per Minute

183.88673

Word Count

5,719

Sentence Count

31

Hate Speech Sentences

8


Summary


Transcript

00:00:00.000 today was my lucky day i was in studio and i was able to do a podcast earlier with anthony fury and
00:00:22.520 mike wixon and i asked them to stick around because quite frankly i had an issue that really
00:00:28.560 bothered me over the weekend and i wanted to talk about it and i wanted them to kind of bend an ear
00:00:33.360 and i wanted them to listen to the concern so friday i'm getting ready for a big weekend you
00:00:38.840 know all happy getting packed up ready to go long weekend labor day ready for some fun and i look at
00:00:45.560 the news and it says gdp came in and it's basically shrunk by 1.6 percent and then i start looking at
00:00:53.480 the headlines and the headlines i gotta take off my glasses can i gotta read them to you canadian
00:00:58.460 economy shrinks 1.6 percent in the second quarter as u.s tariffs squeeze exports canadian gdp
00:01:06.920 shrinks in the second quarter but economists aren't fretting recession yet right on the verge of a
00:01:14.100 recession trump terrorist slam slam canada new gdp numbers show canada's second quarter gdp
00:01:21.340 contracted 1.6 percent sparking fears of a looming technical recession so now we're in a recession
00:01:29.720 right so and you know you guys have been in media way longer than i have so i'm looking at this and
00:01:35.900 i'm thinking friday right we dropped the gdp numbers right we send the message to the whole nation
00:01:43.540 that watch out we're in a recession you know we have another quarter then we're going to be in
00:01:48.380 recession we have to take recession measures what the heck are we doing guys like we're well do you
00:01:54.000 think that they were actually sharing this with the nation on a friday before a holiday weekend
00:01:58.400 i think they were duly burying this uh at the last week in a summer maybe maybe i'm wrong yeah but then
00:02:06.600 to paul's point thinking it over talking it over on the long weekend it's also given people something
00:02:11.240 to talk about from the family barbecue circuit so it's an interesting one really what what what the
00:02:17.920 push here is in terms of this adding the trump factor onto it we know whether it's in ontario
00:02:23.220 politics there federal politics everybody loves be scared of trump be worried don't worry about what's
00:02:28.740 going on over here don't talk about the economy here let's talk about all the trump factor whatever
00:02:33.140 you think of the guy like him or dislike him there's a slight of hand trick i think going on in the way
00:02:37.980 we we talk about this well is it you know we're going so now so this is interesting so coming out
00:02:43.840 of the weekend we're having a meeting with our cabinet to talk about going into the house on
00:02:49.680 september 15th right no budget has been dropped we haven't seen the annual report for 2025 so is it
00:02:59.600 softening us up for hey you know what the results might not be that good but it was done to save you
00:03:05.080 right so now if you're going to avoid a recession you know we need to make these expenditures we need
00:03:09.780 to do those things i'm like okay enough already do we really need to do this anymore and i know
00:03:15.400 governments do it you know if i have bad news i drop it at christmas i drop it before vacations i drop
00:03:20.680 it before but aren't we getting a little old for this isn't this kind of haven't we played this game
00:03:24.980 and i know like that's a political game that is played on and on again but you know it got me and i'm
00:03:30.920 thinking oh my goodness i cannot believe we're doing this again so i uh it's so funny that you
00:03:36.520 say this because i still maintain and i've watched uh uh mayor olivia chow i've watched it happen in
00:03:42.820 other municipalities at the municipal level where laws are changed at the very last minute on a friday
00:03:49.280 they're announced the vote is taken in private and suddenly we're into the weekend when you don't
00:03:55.000 have a hope of getting your counselor or your mp or whomever you've received bad news here's bad news
00:04:02.660 good luck have a nice weekend exactly so i jumped and nick if you go to the next slide so i right away
00:04:08.680 and my poor wife she's probably wondering where i went right away i jump on my computer and i i go
00:04:14.700 go to the next slide nick the i go to it and i say to myself okay like if i look at the numbers
00:04:20.900 and i'm trying to think why did it go down so right away my my accounting break goes on i said okay
00:04:26.480 went down 1.6 percent right and this is kind of a uh uh quarter over quarter analysis that's how they
00:04:33.600 do the gdp analysis and i think okay so what went wrong right because last quarter we had record
00:04:41.180 quarters right we had records so we were doing two percent uh gdp growth month on month and where
00:04:47.880 did we go astray so of course right business investment down well it makes sense business
00:04:55.120 investment right now based on the tariffs i and i agree on the tariffs analysis goes up and down like
00:05:00.260 a toilet seat right donald trump says one thing we all you know we all run through reactionary yeah
00:05:05.580 you know i hate this quite frankly you know we get these news reports uh there's a discussion
00:05:10.940 happening today on tariffs right i'm like okay all right pause don't open the new plant yeah
00:05:17.380 you know you're like why either they need the product or they don't yeah now i found it funny
00:05:22.300 because you guys you know you guys saw it too right after they make the friday announcement what happens
00:05:28.340 in the u.s well they announced that he lost the court decision right yeah so for trump's tariffs in the
00:05:34.820 first place they mean nothing why why how do these numbers reflect so badly on us doing what we do as
00:05:41.320 canadians i hate to say it we overreact i think a little bit yeah can i go off on a deep end here
00:05:47.340 and i want to ask you as as the accountant here so we've talked before about immigration challenges
00:05:53.520 creating economic challenges for the people who are newly arrived and for other categories of people
00:05:59.360 i feel like i know that more and more people are operating off the grid in the way they conduct
00:06:05.880 their their economics their business their jobs both like decent people just off the grid and
00:06:11.140 then organized crime proliferating massively how accurate are these numbers great question how much
00:06:17.800 of a black market gdp even is there well the interesting so you know the interesting thing is
00:06:23.740 it's a blunt tool so and if you look at gdp so gdp was something it's interesting because gdp was
00:06:31.460 created after world war ii they started tracking gdps around the world to get a kind of a base you know
00:06:37.480 well-being of the world but it doesn't gdp itself is not a good indicator of how countries are doing
00:06:44.080 because it's not foreign exchange or inflation adjusted right so you know i i started kind of
00:06:51.280 digging in over the weekend because it was bothering me i'm thinking why the heck are we still
00:06:55.240 reporting gdp why are we calling recessions on gdp and quite frankly our gdp has not been super
00:07:03.420 great for years so it was this isn't a new we're trying to make like this is a new uh uh we're in a
00:07:10.960 downturn yeah yeah that's been created because of tariffs and everything else we have been in a
00:07:16.560 non-productive cycle for quite a long time and you know i've talked about it with with both of
00:07:22.260 you on different occasions but the real real standard to look at is gdp which is uh purchasing
00:07:30.120 power parity adjusted so that's one where you actually go and you take a look at your uh basket
00:07:37.140 of goods for a country and then you take out foreign exchange and you make it like a common dollar
00:07:42.540 and you inflation uh uh adjust it and then you come to basically a a dollar to dollar or apple to
00:07:50.560 apple comparison so because gdp comparing between countries quite frankly is is has a huge foreign
00:07:57.000 exchange swing based on currency makes sense values so really not a good indicator you can inside a
00:08:03.500 country you can look at it but it's a very basic indicator so but we use it kind of for these giant
00:08:09.240 statements that try to shift us to how we're going or whether we're going to recessions well you know
00:08:14.000 what i got to tell you so and this is a crazy story i'm in florida right and i'm uh have six businesses
00:08:22.520 in the panhandle of florida and i'm cooking life is good and i'm doing really well and all of a sudden
00:08:31.800 i start to notice uh some weird real estate happenings you know people are buying multiple
00:08:38.920 condos and the unemployment rate is going up but gdp is looking good right gdp in america is growing at
00:08:47.240 one two percent every quarter i'm thinking wow well okay you know i'm younger you know maybe more
00:08:53.060 i'm naive i'm thinking man like it is pretty good right i think i'm okay uh i'm taking uh i'm levering
00:09:00.080 myself to buy more businesses because i'm thinking that's the right thing to do because i'm gonna
00:09:03.900 a hot turn on this business it's the right time to be running this business and so i get up to six
00:09:09.980 licenses and things are moving and canada is showing a downturn in gdp so i'm sitting there
00:09:17.960 i'm looking at saying wow i'm glad i left canada you know i'm now down in florida i got everything
00:09:24.700 happening the mortgage meltdown hits right we get wiped out i get a phone call from the bank of america
00:09:33.880 and a banker is a personal friend of mine uh went golfing with them ate dinner with them knew his
00:09:40.720 family so i'm really sorry paul he says i gotta call all your loans business personal everything
00:09:47.340 and you have seven days to pay everything wow right so i come back to canada i basically
00:09:55.380 lever sell whatever i can everything i go back and i try to keep as many businesses as i can
00:10:02.420 my partner my business partner is from florida he's doing the same thing and we're running like
00:10:07.700 running like crazy um but you know the gdp indicators were all wrong right because we saw
00:10:14.500 you didn't see that on the horizon no it's a number of factors so the top line number says you're doing
00:10:18.940 great but the banker says we're closing shop we're closing shop and we were done right and i'm like
00:10:24.040 man that really sucks and mark says to me he says well welcome to america right i said no i'm not
00:10:28.660 welcome to america the lesson i learned quite frankly it's a number of indicators right so
00:10:34.020 you know if you're unemployment if you're housing all these things got to be added up you know
00:10:39.280 is it look you know great in canada right now you know i think we got to be concerned um but i think
00:10:47.740 you know putting out something about gdp before the long weekend without looking at the other factors
00:10:53.520 and talking also saying and this this isn't really a recession so just so you know nobody said
00:10:58.900 recession well it's funny bloomberg you know the the only one that was the anti-recession over the
00:11:04.240 weekend was bloomberg right so which is interesting too because i think we got to be a little bit
00:11:09.840 cautious because you know i just know from my experience of that meltdown right they want to get
00:11:15.680 their money out right so it's the last people that want to keep buying keep buying and they've
00:11:21.480 recently been stung they don't forget yeah exactly so they're the ones who want to exit first so they
00:11:26.400 left leave you in the game right so it's funny it's if if it's a pump and dump scheme with one stock
00:11:32.140 it's illegal if it's with the entire economy yeah okay it's just called life exactly right so somebody
00:11:38.520 still wins anthony don't kid yourself there's the big players still win on that on that gamble on that bet
00:11:43.560 so you know let's talk about gdp for a minute because i think that's that's something that we
00:11:48.800 gotta we should talk about gdp i'm not saying we shouldn't but i think we should talk about gdp in
00:11:54.140 another way and i think it i'm just the reason i brought it up and i want to talk to both of you
00:11:59.240 because we look at our gdp and we say okay we're doing okay we're number nine so if you look at gdp just
00:12:07.740 the number of trillions in u.s dollars canada is about 2.2 trillion dollars in gdp on an annual
00:12:15.100 basis for 2024 the u.s is the monster in that equation with 29 trillion dollars u.s china second
00:12:24.000 uh and i think we have if nick if you throw it up there india you know and it's funny because it you
00:12:30.560 know when i look at this i always i'm amazed uh yeah there you go i'm always amazed at how it drops
00:12:37.540 so fast so you know you go from you go from china at 18 trillion 18.7 trillion and then all of a sudden
00:12:45.220 you have india at 4 trillion which i always think to myself isn't india a bigger country bigger on
00:12:50.640 people but not particularly big in the gdp market it's big but you figure if it's 4 trillion and we're
00:12:57.980 2.2 trillion and india has a billion people right it you know it may it shows you kind of what the
00:13:06.160 country is but you know uh and then you have all the european countries and us right so part of the
00:13:12.120 g7 equation that we always kind of uh hinge on when we talk about our country and anthony you know and
00:13:18.240 we've talked about it we've talked it out in a previous process we always say we're this huge
00:13:22.000 country we're a g7 country we're a major country you know we throw gdp up there that's a little bit
00:13:28.100 of a disguise right that's kind of what it calls a shell game number wise so we say okay we 2.2 trillion
00:13:34.300 dollars in gdp okay that's fine now let's uh power purchasing price adjusted right and let's see
00:13:42.860 where we stand what does that mean power purchasing price so that's that's the one i talked about where
00:13:48.160 you foreign exchange that's after the foreign exchange is adjusted you equalize your foreign
00:13:52.620 exchange so basically if you looked at a basket of goods across every nation it would be the same
00:13:59.120 currency right gotcha so this is the the great equalizer the equalizer okay so then when you look
00:14:04.980 at the equalizer well lo and behold we fall from spot nine to spot 16 yeah so 1024 so if you look
00:14:12.620 it makes sense though the way you describe it with india and so forth you're like how can a billion
00:14:16.460 people even though the account's not rosy there and they're not all upper middle class like how can
00:14:20.760 a billion people not be outpacing us when they put all their efforts together yeah oh exactly right
00:14:26.240 and so they climb up the map you know they climb up and and quite frankly china moves ahead of the u.s
00:14:31.660 because now what this indicator is talking to us about is our productivity which is where we need
00:14:38.640 to be right we've we've been talking about this for a long time so paul how do we view ourselves as a g7
00:14:44.100 country well we number 16 and frankly at the best of times number nine we negotiate ourself in right
00:14:51.100 so we buy dinner we enter nato right we do all these things we were around for the ride like
00:14:56.200 the vimy ridge passchendaele stuff participating in world war ii yeah just kind of always being
00:15:01.900 around the way you let a family member yeah join in the opportunity even though even though they're
00:15:07.500 basically sleeping on your couch because they can't afford to really be at the party well and i think
00:15:12.980 like the vimy ridge stuff like we were very much a part of the game early on so there's a holdover
00:15:18.940 from that and people aren't yet recognizing that we're no longer a big player like we were back in
00:15:26.420 in the earlier part of the 20th century yeah exactly we don't want to realize that right we want to keep
00:15:31.560 you know all our foreign trips our dinners our diplomats our you know flights our planes everything
00:15:38.340 we are doing right now would go away if we said hey we're just not big enough to do that anymore right
00:15:43.000 and and quite frankly when you look at the numbers now this it even gets better and you know if you
00:15:48.100 break it down because now we look at our per capita right so then we start to say okay per capita and
00:15:53.720 per capita has been interesting because our per capita spend productivity wise has gone down or
00:16:02.000 stagnated in comparison to the u.s so even though the u.s and it's funny because now with tariffs
00:16:07.660 happening the big debate you know senator ron johnson who you know i enjoy listening to he makes the
00:16:13.680 debate that the tariffs won't work because americans will not be productive enough they don't have the
00:16:18.840 skilled workers of the desire to go back into factories right which i quite frankly when the
00:16:23.860 when the tariffs came i totally bought into that like that was my first argument i lived in the u.s
00:16:29.940 quite frankly i i worked along in the construction business with many uh u.s construction firms right
00:16:38.020 i wasn't working with many americans i'll be truthful with you when i hit a job site whether it be
00:16:42.760 florida oklahoma illinois whatever it was me and a lot of new immigrants quite frankly some great
00:16:49.400 mexican people that i was working with and and quite frankly no one there was was homegrown right so are
00:16:56.420 you willing to show up for this dollar an hour as opposed to that dollar right yeah yeah they weren't
00:17:01.260 right so and then also the unions are so powerful in the u.s that any sort of major manufacturing shift
00:17:07.140 in-house would quickly be met with well we can't afford to do it here based on the hourly rates that
00:17:13.660 the unions are demanding yeah those jobs were gone right those jobs were going to other countries and
00:17:17.880 quite frankly anything building quite that was needed to be built wasn't being built at home or by
00:17:23.140 people who came from home so so that's kind of where they were so the per capita right so we stagnate
00:17:29.620 so think about that so that's an interesting scale the u that's an argument that's a valid argument in the
00:17:35.240 u.s they grew on the gdp per capita side and we didn't yeah right we've stagnated we've almost stood
00:17:44.100 still so and we've lost ground um to the point how is that sorry how is that possible if we're doing
00:17:50.000 pretty much the same things that the u.s is doing that we're not in the same realm so we loaded in
00:17:56.840 what we did is we loaded in uh we loaded in more people into the country right who are less productive
00:18:03.700 with fewer projects right so the u.s you know good or bad they do build right so the one thing down
00:18:10.500 there they built a lot of projects they build them fast and they're very efficient in their building and
00:18:15.100 they their mandate their their companies uh is very aggressive right that's that's a cultural thing
00:18:20.540 ours isn't quite frankly so we're loading in unskilled workers who quite frankly weren't being as
00:18:25.360 productive and we're being trained as fast or put in the social safety net in canada allowed them to
00:18:32.000 sit without having to become productive right in america there's no social safety net so i go to
00:18:38.240 america i land right and that's why quite frankly most of the people that were actually and we don't talk
00:18:44.500 about it very much most of the people who are being smuggled across the mexico u.s borders what were
00:18:50.580 they doing first they're they were heading up to quebec i was going to say were they're not coming
00:18:57.540 to coming to coming to canada was their final destination i don't think i don't think i i worked
00:19:03.820 uh with the turkish trade that hadn't crossed through quebec for probably three years here
00:19:09.340 wow yeah and i'm not knocking them i love those guys but quite frankly the stories they all told they
00:19:15.920 crossed over the quebec border they came through mexico went up through the u.s they had no interest
00:19:20.960 in staying in the u.s there's no social safety net in the u.s they knew that they weren't going to stop
00:19:25.600 they you know we were under biden we were making you know oh look at that caravan crossing the u.s
00:19:32.740 border right yeah sure they're crossing the u.s border to get to the quebec border right that's what
00:19:37.920 they were doing so so quite frankly we our productivity as our population's growing is going
00:19:43.240 down so interesting part is now this is the part that you know as i'm going through on the weekends
00:19:48.700 blowing my head off i'm looking at the gdp per capita go to the next slide nick the gd and it's small
00:19:55.920 i apologize but the gdp per capita um and basically ppp adjusted so that parity adjusted
00:20:05.000 we slipped to 30th in the world god right so we didn't just slip so on the gdp we adjusted it for
00:20:15.920 ppp we slipped to number 16 then when we actually do per capita we slip out to number 30 right so
00:20:25.000 think about some of the and you know i just wanted to kind of run through and this was blew my mind on
00:20:30.160 the weekend so right rod gdp is kind of the equivalent of ebit da from the investing world
00:20:36.500 in other words the most attractive number possible based on real stats the most attractive extrapolation
00:20:44.480 yeah so then so countries that are countries that are ahead of us which is i was shocked to hear
00:20:51.300 australia is ahead of us right australia has had a dreadful time coming out of covid i don't know
00:20:58.820 if you followed australia but australia the same issue as us housing immigration right but you know
00:21:05.740 and they were criticized heavily remember the government was just chastised right um and raked
00:21:10.940 over the coals and i think nick if you can go to the next slide on this one the but it really was
00:21:16.420 raked over the coals um finland korea germany guiana taiwan denmark netherlands like it's amazing
00:21:29.120 like the countries what's that norway norway norway norway now some of these countries you know
00:21:35.000 an economist will make the argument that some of these countries are their gdp is made off of uh tax
00:21:41.660 shelters right right i get that you know there's some of these i think i look at shows up that's
00:21:46.620 the first few yeah and macau in their situation but all the other ones above us are just very similar
00:21:51.760 european quasi-socialist states yeah like ireland always gets a bad rack because of its tax shelters
00:21:58.300 quite frankly that's what makes its gdp high right number four i think yeah so that that's why it gets
00:22:03.400 up there but quite frankly the rest of them you know you know if i look at there's not many on that list
00:22:09.500 that can actually be categorized that way most of them are just doing business like we are yeah so
00:22:16.020 it's you know i kind of and i'll fast forward a little and uh as i go through this but you know
00:22:22.820 it was interesting in two i don't know in 2022 when remember minister friedland members the finance
00:22:30.620 minister she you know she uh she tried to talk about this she brought it up she said listen
00:22:37.240 we have to increase our productivity and if we don't our children uh won't be as prosperous
00:22:46.440 and the canadian dream will die right so and the way we're going to do this is we're going to actually
00:22:53.100 try to set targets for gdp right and you know and i thought you know what not a big fan but you know
00:23:00.160 sensible smart a lot of professors you know we basically uh had uh a couple professors from the
00:23:08.720 university of calgary came out and they you know did a comparison of us gdp wise per capita versus the
00:23:15.960 u.s and said we are in danger so we did all that and and we saw the divide of about 20 000 between
00:23:22.480 gdp per capita so in the u.s if you um they kept growing and their gdp per capita equated to about a
00:23:32.860 22 000 per person divide between canada so we were at one point we were neck and neck right and then
00:23:40.400 they pulled away and grew it 22 000 more and that was because their productivity increased so much and
00:23:47.920 ours did so i get that but now going into this budget coming up and going into what we're about
00:23:55.780 to hit in session the key to me is now to set some parameters for gdp so rather than tell us we're
00:24:03.380 going into a recession tell us how we avoid a recession tell us what we need to do to create
00:24:09.840 programs that will be productive to avoid it so and this is where i think i wonder if that will be
00:24:17.460 part of the discussion uh coming back um with the legislature i wonder if we will hear that there
00:24:24.220 is a plan i mean our prime minister is a banker do you do you have faith that maybe this is something
00:24:30.220 that he's keeping an eye on that maybe we will uh see a strategy that builds itself around a more
00:24:37.440 robust gdp yeah he's got it so covered he doesn't need a budget you don't need to ask questions and just
00:24:43.040 you know right the way he's got it all covered don't worry folks yeah don't worry be happy
00:24:47.580 i think that's kind of the message that he sent right which is to print money right we talked about
00:24:52.960 earlier thanks that that song will not leave my head for the next two weeks anthony i appreciate
00:24:57.120 that bobby darren but it does tie you know he he knows and any economists will tell you and they do
00:25:03.640 know this quite frankly they need to print money i do at this point they have to print money because
00:25:10.420 quite frankly boring money will just increase the the debt interest ratio and that's not a good
00:25:16.160 thing for the country and the debt on the country so they have to print money they have to print money
00:25:21.000 to put them into productive programs to grow gdp so where he's got to kind of and and rather than
00:25:28.520 telling us we're going because when the messaging is and i don't i know i don't hopefully he's not
00:25:33.520 telling us but when the media tells us that we're going into a recession that's really saying i'm
00:25:39.280 going to give up that's kind of that moment that's that moment i'm in florida when i get that phone
00:25:45.200 call and say i'm giving up and i don't want to give up i want him to print money but i want him to
00:25:50.120 print money to put into productive programs and projects right that will grow the country and get
00:25:56.500 our gdp per capita going our gdp ppp and i want him to put the metrics in place the accountability to do
00:26:03.240 that so don't give us don't give us you know no we're going into we're going into also that talk
00:26:12.780 leads us there well i bet you're on to something you know that that's a good that's a good situation
00:26:18.760 to have everyone be fearing fearful selling and so forth that's good for the mna guys that's good
00:26:24.000 for the asset guys that's good for all everybody's friends anything if you want to go in that direction
00:26:28.360 you know there's like you push recession there's also good buying opportunities for certain circles
00:26:33.300 yeah recession listen who does recession benefit the rich right and even with cash yeah they keep
00:26:40.620 with cash so quite frankly creating a recession is good for a small group of society it's not good for
00:26:45.980 the low to middle scoop up their houses yeah it's not good and that's not where we want to go
00:26:50.420 fun yeah so let's not do it right you know what i mean because i uh you know and auntie and i have
00:26:56.520 told him this story a couple times so i'm probably boring him with it but you know that go back to
00:27:01.600 florida right so you know that call comes the bankers i'm driving to work so i came back to
00:27:07.660 canada and i'm i'm i liquidated i levered i went through it all i fly back to florida and i'm driving
00:27:14.860 to work in the morning so i my from my rental place i'm driving to work and i'm driving through all
00:27:20.680 the neighborhoods and the doors are flapping open the pools the people are in pulling the
00:27:26.440 copper wire they're they're pillaging the homes there's neighborhood after neighborhood the
00:27:32.380 security gates are all left open for the the security uh neighborhoods secure neighborhoods
00:27:38.300 um it's like a ghost town you know u-hauls moving down the highway and that's what happens right it's
00:27:45.520 it decimates areas right when people start handing in their keys
00:27:49.340 yeah they threw their they throw their keys on the kitchen table and they walked out and that's
00:27:55.220 that's a restart of life for those people by the way you know this we look at the economy but you
00:27:59.620 think about the process of going uh getting to the point with your with your spouse and your family or
00:28:05.400 whatever the case is and you have to sit down and say guys i'm sorry we have to give our house back to
00:28:10.640 the bank right but we don't need to do that right we what we need to do is set the metrics and the
00:28:15.960 accountability to move forward to create projects right listen we've seen it in the past china did
00:28:21.740 it you know and i know people saw china a communist country right no they were in a really bad economic
00:28:28.220 situation decades ago decentralized they decentralized they made loans to small businesses they increased
00:28:35.680 productivity they moved money into the economy small banks growing bigger businesses yeah yeah with
00:28:41.660 less resource base than we have see that's the crazy that that's when i when i see this gdp thing
00:28:47.260 go across the screen i think my goodness we're resource rich right we have skilled trades we've brought
00:28:53.660 all these people into the country now so we have we have people right we need to train and deploy them
00:28:59.620 into projects that will grow the gdp of the country and you know that's i appreciate you guys sitting
00:29:06.080 down with me today but that's that's really the message i wanted to leave and if if anything going
00:29:11.280 into the session coming up we can kind of get out there is let's quickly get the projects going because
00:29:17.920 so far we haven't right we've kind of come out we've talked about a bunch of stuff there's been a lot of
00:29:25.360 meetings i don't know if you guys notice there's there's like there's a cabinet meeting there's a
00:29:30.740 minister's meeting there's a premier's meeting there's a lot of meetings right let's stop the
00:29:36.060 meetings let's get some projects going and let's get some plans and strategies into place and let's
00:29:41.060 start growing because that's what's going to move the country forward and increase the productivity
00:29:45.840 thanks paul i i'm glad to you know what to be honest with you and and anthony maybe you're you're
00:29:51.960 the guy who understands all of this no i sit with paul i sit with paul and i realize afterward oh i
00:29:57.940 i really did trust the gdp was the marker but i didn't he trusted the government you know every
00:30:04.360 day it's not my it's not in my nature i don't know how that happened thank you yeah and you know what
00:30:10.320 for those of you out there and i i really appreciate uh you listening in please subscribe and i also would
00:30:16.780 like you to comment because the more you know i want to get people active in this discussion because
00:30:22.640 i think the more we talk about this we change uh the tone the temperament and the agenda which for
00:30:30.060 the better of the country and i think that's what we need to be doing right now so please you know let
00:30:34.540 us know your comments i'd like to hear them and uh for those of you who any experts come on the show
00:30:40.360 i'd love to have this discussion with you for sure if you have another way of looking at it i want to do
00:30:45.120 a show on interest rates because i think that's a really interesting show to have which is another
00:30:49.980 indicator that you know all of a sudden we're talking about you know our savior is lowering
00:30:54.620 interest rates another show but it isn't so let's look forward to having that discussion i thought
00:31:00.380 that was our savior too all right i better show up for that lesson too all right thanks guys
00:31:05.540 you