True Patriot Love - September 07, 2026


Did Canada Learn Anything From COVID-19?

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Did Canada Miscalculate the U.S. Trade Fight? Why Renovating Old Homes Could Fix Canada’s Housing Crisis

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35 minutes

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6,382

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79

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Transcript

Transcript generated with Whisper (turbo).
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00:00:00.000 in world war ii 45 000 brave men and women of canada gave their lives in their fight for
00:00:06.400 freedom and it changed the nation as of february of 2026 almost 65 000 canadians
00:00:13.440 died as a result of covet 19 and we still don't really know much about it in the aftermath
00:00:22.320 the talk about it is always thrilled to be joined by liam deborah liam how are you
00:00:26.240 great great looking forward to chatting yeah it is a staggering number and i'm a big history buff
00:00:31.680 and i've seen documentaries listen to podcasts read books about canada's role in world war ii
00:00:36.800 and 45 000 is a big number but 65 000 is exponentially bigger when you think about
00:00:43.280 the dust from covet right yeah i mean it is it is definitely a a staggering number and then
00:00:49.200 the fact that after this there hasn't been much in terms of looking at i mean there's been no
00:00:56.240 federal commission in terms of you know what unfolded and uh what mistakes were made or what
00:01:02.480 needs to be done in the future or to make sure essentially to learn from those mistakes so yeah
00:01:07.680 pretty much pretty much crickets on the aftermath which is a little surprising to me because i've
00:01:13.200 old nuts remember vividly the dubbin inquiry after ben johnson was caught doping and taking
00:01:18.620 steroids at the soul olympics in 88 and there was a huge federal crown commission the dubbin
00:01:23.420 inquiry into doping and sports which which unveiled a lot and opened eyes a lot of canadians
00:01:28.960 of course there was the inquiry into the murdered and missing indigenous women which had to be done
00:01:34.500 because it was a big number but all that i mean the number of people who were affected and maybe
00:01:40.340 still are affected by COVID in this country I don't even know if we have an accurate number
00:01:44.440 and I mean it is tough because part of me you know sits there and goes yeah I would
00:01:51.020 like to see a federal inquiry into into these matters but then you look at how some of them
00:01:58.940 have unfolded around the world as well you look at other places like say for instance the UK
00:02:04.060 or Australia, New Zealand, and so on that have done them.
00:02:09.420 Not much action really taken afterwards.
00:02:12.100 And a lot of it was just pointing at, say, the systemic shortfalls,
00:02:18.200 the budget issues or something of that nature.
00:02:22.020 But really no talk of we did this and we didn't see a result.
00:02:28.800 This is the decisions we made.
00:02:30.900 Here's the things we learned from that.
00:02:32.580 here's the decisions we would make in the future uh it's more so just out of those reports all you
00:02:38.260 get is kind of we just need more more more budget i'm not interested in partisan politics or
00:02:44.100 finger pointing but as a person who has a mother in a long-term care home as the millions of
00:02:49.620 canadians who are aging into long-term care at the very least lamb i would think that the government
00:02:55.300 has a a moral obligation to hold a national inquiry from all provinces and all backgrounds
00:03:01.780 in all languages to prevent what happened in long-term care homes during covid for sure and
00:03:06.980 even just preventative measures across the board definitely with the long-term care homes when
00:03:13.540 you're factoring in that 43 of those deaths that you outlined at the beginning came from those
00:03:19.940 long care uh homes but then also too uh you know we talk about pandemic preparedness but then why
00:03:26.820 isn't there public messaging out there right now in terms of hey this is what you need to do in
00:03:33.540 your personal life day to day to make sure that hey if something like this were to occur in two
00:03:39.720 years three years four years down the line that you're not going to be vulnerable because it's
00:03:44.860 not enough in my opinion to just wait for something to happen and then to try to throw
00:03:51.580 mandates and that sort of thing at it um you know as somebody that takes their personal health quite
00:03:57.640 seriously i don't have to deal with uh with coming down with whether it be more severe sickness or
00:04:04.260 even just seasonal colds and that kind of stuff but unfortunately through covid liam we saw people
00:04:09.880 who were running marathons and triathlons getting quite ill and dying so no matter how much of a
00:04:16.500 health if there's a sickness out there it can affect everyone and my concern is i've heard from
00:04:21.140 so many health experts over the last six months saying hey if there's another pandemic in not just
00:04:26.580 canada around the world i don't believe the world as we know it is actually prepared for that which
00:04:32.100 is surprising to me that what have we really learned from covet 19 especially as we try to
00:04:38.500 distance it from our memory in the past of what we went through there's no guarantee something like
00:04:43.140 that won't happen again 5 10 15 years from now yeah and i mean too actually even if you look at
00:04:48.820 New Zealand's take away from it as well as they actually said what we did was
00:04:55.000 effective you know it's funny looking at say the difference between New Zealand
00:04:59.440 and America's takeaways from their two reports because New Zealand's was yeah
00:05:05.500 everything we did was right actually the main fault that we can give ourselves is
00:05:10.780 that we didn't do it quick enough and we didn't do it hard enough I tend to
00:05:16.660 disagree with that position and look at somewhere much more like the the states and their sub
00:05:22.380 house committee uh in their findings to be much more illuminating on that fact because they do
00:05:28.700 reference things like hey shutting down the schools was not the right call the amount of
00:05:34.300 damage that we did to kids both socially and uh with their education yep that that in when you
00:05:41.640 compare that to the uh say the the health consequences the consequences of the mandates
00:05:49.000 and the decisions that we made in that regard are much worse than the uh the health effects that were
00:05:55.800 had as a consequence of covid for that that age group in that that specific group themselves
00:06:01.880 um and so there was a lot more nuance and i think wisdom generated out of that report but then yeah
00:06:10.700 you see somewhere else where they just go yeah no nothing to nothing to learn just more of the same
00:06:15.820 which is a little disappointing to me liam because the one thing we heard over and over
00:06:20.380 again is oh hey don't be too critical of your prime minister or your mp or your premier
00:06:26.300 because there's no a blueprint for this there's no guidebook there's this there's no nothing like
00:06:31.900 this has happened before so my thought is we have an in-depth commission reaching experts of all
00:06:39.820 sides of the community across canada gather up information so there is some sort of blueprint
00:06:45.900 so there is some sort of guidebook for a future premier prime minister mayor of their community
00:06:51.340 if something like this happens they can revert to what went right and what went wrong last time
00:06:57.180 and maybe put their citizens in under their purview under their best position to deliver
00:07:01.820 lives and be be healthy and be safe well and i i i do think that that is one of the main the main
00:07:08.060 takeaways is the the behaviors that uh essentially improve resilience before something like that were
00:07:15.500 to come but then even there's other other conversations that we haven't had in terms of
00:07:21.500 for instance the manufacturing of ppe and all of this kind of stuff exactly like if you want to be
00:07:28.140 in a position where whether it be masks surgical gear all of this kind of stuff that when something
00:07:34.860 like this was to occur that you have the ability to produce those materials on your own rather than
00:07:42.080 have to rely on somewhere like china who yes who actually started using them as political leverage
00:07:47.980 and so you want to make sure that you have that that capacity but there hasn't been much talk or
00:07:55.300 look into that since the population in canada liam is over 40 million people it seems incomprehensible
00:08:01.400 that there isn't at least one manufacturing facility in this country that could create PPE
00:08:06.780 gear and protective gear and have it in a warehouse just in case. Because we don't know as a society
00:08:14.200 or no politician could tell me with a straight face that something like this could not happen
00:08:19.360 again in the near future. Nobody knows. So why not be prepared? That's the one thing they talked
00:08:25.280 about during the pandemic is, oh, we got to get back to manufacturing our own vaccines and our
00:08:30.260 own PPE gear and we you know they were pointing fingers and blaming others well they sent it
00:08:36.040 offshore years ago but still I don't understand if that was the problem in 2020 2021 here in 2026
00:08:43.760 that we're not making it well and to even even further you go you go into say national security
00:08:51.440 or IP measures uh that we should have learned for instance with the CanSino vaccine deal
00:08:58.360 At the beginning of the pandemic, we made a joint research agreement with the Chinese government, and I believe it was out of BC that they were running these in a lot of the institutes.
00:09:11.400 but essentially what happened was we were putting forward public funds into a joint venture with
00:09:18.440 China and then as soon as the IP and the research got to a certain degree China broke from the
00:09:25.780 agreement went off with the research and then just said we're producing the rest of this on our own
00:09:31.000 again so you can presume it's so that we can be in charge of this supply and rather not have to
00:09:38.360 uh have any we we can have all the leverage in that that scenario again to be able to
00:09:43.000 to use it on you and so things like that as well that you would think we would take away in terms
00:09:49.240 of uh you know yeah who can be trusted as an ally in the future when it comes to this kind of stuff
00:09:54.600 that's not going to rug pull uh uh something like vaccine research and liam my whole thing is why
00:10:01.240 even need an ally the one thing mark carney has done that's the reason he's polling so high it
00:10:06.840 has such a high approval rating and he's tried to take responsibility back in the hands of Canada
00:10:12.460 as a country and the Canadian people when it comes to manufacturing resources and our own
00:10:17.980 sort of economic destiny is now not in other people's hands he's trying to put it in our
00:10:22.700 hands that's great I'm all for that so why not have some sort of a private public consortium
00:10:28.540 in Canada making these kind of things you know producing certain things that we need so we never
00:10:34.540 have to rely because if we're going into bed with another country there is no reason why they
00:10:40.420 wouldn't say thanks for the information you're on your own now we're going to take it but that
00:10:44.540 totally could happen again in the future yeah and i mean too you can even go further down that as
00:10:50.120 well actually there was one federal committee uh it was a parliamentary house committee they
00:10:56.280 released a report called the nexus between science and national security and which is a highly
00:11:03.000 illuminating uh report but it was all about the winnipeg lab scandal as well in that where they
00:11:08.840 were where essentially pathogens and uh research was being stolen that was going to the wuhan
00:11:15.240 institute of virology which obviously became a pivot point and was the center of that american
00:11:21.480 report in terms of the lab leak hypothesis and such but even that too we've got a major national
00:11:29.960 scandal that essentially we had spies from a hostile uh military working on biological
00:11:38.520 weapons research in our labs and then there's a report that confirms all of this and which is
00:11:46.360 public record yep and nothing ever came of that there was no public officials that were fired for
00:11:53.480 the fact the the negligence because for years CSIS was trying and the RCMP was sending warnings to
00:12:01.560 our politicians saying hey you've got you know people in in this laboratory that need to be
00:12:08.920 need to be ejected and nothing ever came of that and so yeah all of these reports it would be
00:12:14.840 I guess you've got kind of two problems here where first we're not even really yet doing
00:12:18.920 the report but then also once we do the reports we need to actually take action on them and liam
00:12:25.320 okay let's fast forward to just a few months ago a chinese national now living in canada who had
00:12:31.400 had a number of positions in canada was found out in the nato headquarters in belgium right
00:12:37.400 passing secrets to a foreign national for another country and she's in custody and someone's saying
00:12:43.160 how do you vet this person who did the vetting so this is this is a big picture problem in the
00:12:49.720 country not just the lab in winnipeg but who are we hiring and and how are they being vetted and
00:12:55.560 how are they being checked to make sure that they're potentially not a threat to our national
00:13:00.280 security exactly and yeah when you when you consider all of this at once when you think
00:13:07.400 about yeah when you know it was definitely in the early days of the pandemic everybody thought about
00:13:14.200 oh well maybe this is a common uh a common front that all nations of the world can work towards
00:13:21.320 but we quickly saw that that wasn't how nations actually responded and it very much did become
00:13:27.320 uh a form of way to subvert one another and so on and yeah what what what have we done of uh of
00:13:34.840 tangible tangible results in in the response of that as a Canadian I would like a commission and
00:13:43.720 just not point fingers not use names or labels just have a talk okay if something like this
00:13:51.140 happens again would it be in the country's benefit to lock down travel to say no one if
00:13:56.660 if they think it's from this part of the world this country we're not going to have people travel
00:14:01.880 in and out because the risk is too high until we get a handle on it now that was suggested in
00:14:07.640 certain countries around the world and right away people were called names and said no you can't do
00:14:12.680 that wait a second now there are other countries that locked down right away and had far less
00:14:19.240 infections and far less covid deaths so i is did it make a difference let's let's talk to experts
00:14:26.200 let's talk to people across the country who are in the know and say would it have made a difference
00:14:31.640 in canada had we been more intense with locking down travel in and out of the country during those
00:14:37.080 times that we were in doubt well i think i think the information is already out there on that
00:14:44.600 question in specific there's a great book called uh diary of a psychosis which just goes back it's
00:14:51.960 um week by week almost of the covet data as it was unfolding um and it was it's quite illuminating
00:15:00.440 when you contrast even say for instance certain states within america they were this one has a
00:15:06.540 mask mandate this one doesn't this one's locking down harder on travel this one's not and so on
00:15:12.520 and yeah a lot of those uh results came back showing that there wasn't a major difference
00:15:19.660 between uh say for instance where there was mask mandates and where there weren't um and i would i
00:15:25.920 think as a as a citizen i would really like to know you know what were the what were the costs
00:15:31.360 on the other end of this you know because we talk about lockdowns and stuff like that but if another
00:15:37.280 one comes around are we willing to uh pay the economic costs that come across with that a lot
00:15:43.360 of the cost of living issues that we're dealing with today absolutely are ripple effects from the
00:15:48.800 economic decisions that we made back then i in my community and every community in canada long time
00:15:54.560 businesses and restaurants and diners and bars they just went away and they never came back
00:16:01.360 and they were part of the fabric of the community yeah and like i have a daughter who who finished
00:16:06.400 high school basically doing school in her bedroom through the pandemic no prom no graduation nothing
00:16:13.120 and i would like to talk to some real um broad mental health experts from the youth to adults
00:16:20.400 to seniors and what it did to this population and i still think there's part of canada who are still
00:16:26.720 mentally and emotionally still dealing with the after effects of what would happen liam well i
00:16:31.440 mean even to my personal life not i wouldn't say it it's a it's a mental health uh aspect but even
00:16:40.080 just the the habits of personal change so for instance before covid i was definitely a very
00:16:46.720 social person i would go out all the time whether that be on weekends now you wouldn't think about
00:16:51.200 it right part of this is also now being 32 versus 25 at the time yeah um but definitely that led
00:16:59.520 towards me having a more uh a life that's more has a little bit more solitude in it now and i hey i
00:17:06.800 enjoy that it's not like i feel like i've been relegated to that but uh those three or four
00:17:12.400 years of social effects how many people have had the same thing but don't necessarily feel like
00:17:17.360 it's a choice for instance like oh all of their social groups their sporting events went down and
00:17:22.720 all of that how many people never got back to the life that they've you know i know a lot of people
00:17:27.520 yeah and i guess the other thing too liam is a lot of the countries that we are in lockstep with
00:17:34.160 and have good relationships with and we as canadians look fondly at new zealand and australia
00:17:39.520 and some of these other countries they did an in-depth review what went right and what went wrong
00:17:45.040 and i think as a camera like well they did it why they're kind of like us why don't we do it
00:17:50.800 and that's what i guess is i'm a little confused that it's been kind of crickets on all levels that
00:17:55.760 you know we're talking about bringing it up but i've not i don't know about you i've not heard
00:17:59.920 any inclination that there's any desire to get together and have one of these reports put together
00:18:05.440 no i mean on a on a more provincial scale there has been ontario quebec and alberta all did a
00:18:12.560 report but again i didn't find that there was much that came out of that in terms of
00:18:17.680 uh in terms of substance or actions on the on the after effects but even too you can go back to
00:18:25.040 the very first 2003 there was a report done by nailer on the sars yes pandemic and outbreak
00:18:32.320 Again, it was a lot of the same stuff that you hear back then in terms of, hey, you know, this isn't where it needs to be.
00:18:39.320 A lot of the same echoes that we had 20 years later.
00:18:43.600 So, yeah, I think this goes to that kind of larger discussion as to the expectations we even put on government in the first place.
00:18:53.700 You know, I'm not a fan of the institution in terms of just how it's even set up.
00:18:59.960 I think by its very nature, it's inefficient
00:19:02.620 and it's ineffective on a large scale.
00:19:05.600 And I think a lot of this falls into that
00:19:08.840 where there's not really any benefit to be proactive
00:19:15.980 or be in front of problems before they occur,
00:19:20.920 because you can think about it in terms of,
00:19:23.580 let's say the goal is just to get reelected.
00:19:27.280 Well, there's not much that you can run on re-election of,
00:19:30.660 look, I've solved all these issues that don't exist yet.
00:19:33.820 Oh, I see what you mean.
00:19:34.920 And so there's not really much of a political will to do that
00:19:38.920 in terms of, hey, you know, this could happen, but, yeah.
00:19:44.140 I just feel that there are certain segments of the population
00:19:47.580 and certain politicians who are, hey, if we forget about it,
00:19:50.820 it'll just go away like it never happened.
00:19:52.600 Let's move on, which I get, part of me gets,
00:19:55.500 but as a canadian wait a sec are we prepared if this happens again what did we do right that we
00:20:02.860 should repeat what should we not do again look i think canadians would like to know and have
00:20:08.540 be armed with the information on all levels from very neutral parties when it comes to physical
00:20:13.980 health mental health businesses like so many people in this country were were affected and
00:20:19.820 they're still affected to this day liam so we should have some sort of guidebook as a country
00:20:25.580 as a the citizens of this country from the people that we empower when we elect like hey
00:20:31.500 we did this right this was wrong we admit it here's an idea if this ever happens again we're
00:20:36.460 going to do a b c and d and this is what you should do but i i don't know how many canadians
00:20:41.820 wouldn't want that yeah and i mean for me the the number one thing that i i would love to
00:20:48.300 see come up brought or brought up in a discussion like that is in terms of those people that we
00:20:54.620 elect and empower how are we going to ensure that in a future scenario that that power isn't abused
00:21:02.300 in ways that it already was so for instance the main one for me would have been the public health
00:21:08.280 agency of canada admitting that they illegally spied on 88 percent of canadians that they were
00:21:14.980 tracking 33 million people's cell phone data in order to triangulate and see how they were
00:21:21.300 uh going with the mandates and the social distancing and all that kind of stuff and it's
00:21:26.540 like hey if you know i think that we deserve to uh to know that yeah if this something like this
00:21:33.960 is going to happen again that all of our privacy isn't going to just be completely eroded uh
00:21:39.180 illegally so and the crazy thing is if you were in a group setting with people and brought that
00:21:44.060 up they're like what yeah that didn't happen and you're like here's the proof this is this has been
00:21:48.920 verified oh i didn't know that well we should know that right we should be aware of that that
00:21:55.440 shouldn't be something that just you and a few select people know liam yeah and so that that's
00:21:59.860 a big one to me is yeah how how are we going to ensure that these powers aren't aren't abused
00:22:04.260 because we always look down on our nose at americans like the cia and the fbi and the nsa
00:22:10.020 and they're always snooping well they did it to canadians that's what's the difference i don't
00:22:16.560 think there is a difference do you no and and i mean we can you can even go further past that as
00:22:21.780 well that the uh you know it was funny the it was in the early days the ottawa citizen released a
00:22:28.720 report about how the canadian military viewed the pandemic as an opportunity in order to test uh
00:22:36.540 propaganda techniques on them and then it was funny because the cvc came out after that as well
00:22:42.120 and was like no they they weren't running propaganda operations they were running
00:22:46.900 information operations but then on the very next sentence after that they said there's not much of
00:22:52.260 a difference between the two anymore um george orwell would be proud yeah and so you look at
00:22:58.460 that and then it's like yeah i want to know too that okay in a future scenario which of this is
00:23:04.960 public health messaging which of this is military propaganda you know how do i know that what's
00:23:10.080 being told to me in terms of hey this is what's happening this is how we should respond i want to
00:23:16.140 know what the uh what the criteria is that those messages are being built upon and yeah it doesn't
00:23:22.540 uh doesn't seem like like we're getting those answers you know canadians i think are by far in
00:23:27.620 a way trusting law-abiding people who follow the rules and trust the people in power but when you
00:23:34.220 hear stuff like that, you're like, hmm, wait a second. That's not right. I trusted you and you
00:23:38.940 violated my trust. And I would like to hear more about it from government officials who were in
00:23:44.220 charge and explain why you did it, why you felt you needed to do it, and would you do it again?
00:23:48.720 Right. And I think that goes down to, yeah, that trust aspect. So much of society is built on
00:23:55.460 mutual trust. And actually, this was a great narrative that came out of the recent Nolan
00:24:03.280 an adaptation of the Odyssey,
00:24:04.980 but the whole idea is of this mutual trust
00:24:07.940 between the hosts and the visitors.
00:24:10.560 And so it's like, yeah, you know,
00:24:12.360 we constantly hear about how institutional trust,
00:24:15.660 that bottom up trust is evaporating.
00:24:19.440 But it's like you guys also time and time again
00:24:23.000 throughout the pandemic didn't, you know,
00:24:25.180 betrayed that trust.
00:24:26.740 And so it's like, what was to be expected there?
00:24:30.420 I mean, you can't expect blind trust and that kind of respect if it's not reciprocated.
00:24:36.900 That's all we ask for is just be honest with us, explain why you did it, why you had to do it, would you do it again?
00:24:43.020 As Canadians, if we get answers like that, we're like, oh, okay, we move on.
00:24:48.000 But when they're trying to sweep it under the rug, but it's public knowledge and it keeps seeping up, that's when problems happen, Liam.
00:24:55.340 And that's where people are like, if there is in the future, this is my concern.
00:24:59.840 they're what a 10 15 years ago something like this happens and they try to institute mandates
00:25:04.800 we already know you and i both know there's a huge segment of the population now who will not do it
00:25:09.860 who will not adhere to the rules yeah right and coast to coast yeah and that could cause problems
00:25:15.480 because of that but maybe if there is a proper commission and questions are answered and people
00:25:21.380 are truthful that might change the feeling of a lot of canadians for god forbid any sort of future
00:25:27.680 pandemic well and look at look at it much like say a individual relationship if you found out that
00:25:34.800 your partner was going around you know no matter what they did whether it was
00:25:39.760 yeah maybe they were spying on you they had trackers on your cell phone that you didn't know
00:25:44.080 about that probably wouldn't go over well with your partner right or that they were you know
00:25:48.640 reading your messages or hired a private eye well yeah or that they've been telling you lies about
00:25:53.520 what they're doing and where they're coming from but if after that the discussion is just oh yeah
00:26:00.400 yeah no no worries uh you know nothing none none of that really actually even happened uh you're
00:26:07.200 just you're just crazy i got the credit card bill yeah you hired christoph's private investigators
00:26:13.040 you follow me i have the proof yeah if there's no you know if there's no acknowledgement and 0.97
00:26:18.240 repentance in in terms of that in in regards then then how how do we continue this relationship
00:26:24.480 and for the most part i was i grew up in a military family i grew up following your rules i tried to
00:26:29.360 follow the rules the best that i could thinking that i was doing the best for my family and for
00:26:35.040 the country but there's some things where i go hmm wait a second i'm questioning now so i would
00:26:40.560 like to hear some answers that's all i'm asking for i'm not trying to vote anyone out i'm not
00:26:45.120 trying to arrest anyone accuse anyone i'm not going to slag anyone on social media i would just
00:26:50.960 like to hear from some people in charge who had a lot of power in that time explain themselves
00:26:56.640 that's it that's all and i think that's as a canadian that's the least we can expect isn't it
00:27:02.080 and i mean so much of it too is you know when we talk about this because i i'm i'm very very similar
00:27:08.480 you know, I don't come from a, from a military family, but I do have a lot of respect for
00:27:14.460 authority, even just for, you know, my dad was a business owner. And so I would hear all of this
00:27:20.860 and like the employee employer relationship and dynamics. And I very much kind of respect that
00:27:27.760 natural hierarchy, but it's those people in positions of authority, they need to respect
00:27:34.600 those positions as well i think it can't just be uh do as i say not as i do because so many of the
00:27:41.840 you know how many times did we see johnson all right you see him in a party right yeah and there's
00:27:47.180 there's uh there's kind of zero zero uh retaliate not retaliation but there's zero accountability
00:27:53.740 on the back end of that so so liam i guess the next question is do you foresee that canada will
00:28:00.320 have a commission, an inquiry into this? Because it doesn't seem like it now, but do you think that
00:28:06.000 once we're through all the trade talk and through the tariffs and everything that they're going to
00:28:10.060 go, okay, let's look back and see what happened? No, I don't. I think, well, I think one of two
00:28:16.220 things. I think if there was a different political party in charge of parliament, then even if it's
00:28:25.520 not for virtuous reasons of wanting to be more prepared
00:28:29.720 in this kind of stuff,
00:28:31.240 there would at least be a political will to try to,
00:28:35.580 you know, even if they are playing a dirty political game,
00:28:38.180 there would still be a drive to do something like that
00:28:41.440 because then they can use the information
00:28:43.500 against their opponents.
00:28:45.060 So I think in that case there might,
00:28:47.620 but I think if we continue on current trajectory,
00:28:51.160 then it serves the current political class
00:28:56.420 to try to just let it...
00:28:58.020 Just pretend it didn't happen.
00:28:58.920 Yeah.
00:28:59.740 Say Carney's re-elected with the majority
00:29:01.860 and everything's pointing to if there was an election,
00:29:04.040 he would win a pretty significant majority.
00:29:06.580 And he has an extra-long mandate,
00:29:08.380 so it takes him to, say, I don't know, 2029 or 2030.
00:29:12.020 And he doesn't have to worry about the parliament
00:29:14.360 or a confidence vote.
00:29:15.920 Do you think something like that would happen then?
00:29:17.780 No, I don't think so.
00:29:18.600 Even then, eh?
00:29:19.300 No.
00:29:19.780 Huh.
00:29:20.500 Yeah.
00:29:20.720 See, to me, I think if he gets reelected with a significant majority, and he would probably be at that point, like, once that term's done, I'm just going to walk away and my work is done, that maybe as a parting shot, he does one.
00:29:32.080 But, yeah, that's a very good question.
00:29:35.400 And I guess I would expect more, silly me, expect more from the opposition to just, you know, politely and respectfully say, hey, do you think we should talk about this?
00:29:46.020 But I haven't heard much from them either.
00:29:47.620 No, no.
00:29:49.220 No, not at all.
00:29:50.260 And so I think the big takeaway here that I always go back to is just how can I, as an individual, take in this information and make better decisions of my own?
00:30:00.600 I can't really decide that other people should, how they should intake information or the decisions they should make on the other side of that.
00:30:09.640 but i can focus on being healthier now and you know making sure that if something like that were
00:30:15.700 to occur again that uh that i've got or even two whether it be certain hobbies that in a scenario
00:30:22.400 like that that can carry you through and keep you sane uh in in a time like that the one thing that
00:30:28.260 came out of the pandemic liam that i discovered that i never really thought about and a friend
00:30:32.880 of mine i play hockey with he's a contractor and he was telling me i'm so busy i go what are you
00:30:38.020 talking about well there's that segment of the population they have money and it meant nothing
00:30:44.360 to them they said build me a cottage in prince edward county build me something in uh you know
00:30:50.720 in bc i want to build something in the maritimes really like oh yeah just tell me when it's done
00:30:55.060 like the gap between the working class the middle class struggling to pay the bills
00:31:00.220 and the wealthy it had no effect on them they still traveled on their private jet
00:31:05.160 they still built their cottages and dream homes they lived their life with no and i think that
00:31:11.640 opened the eyes of a lot of canadians the gap between the really wealthy and just the rest of
00:31:17.000 us well and too it worsened that because even even during covid was one of the largest upward
00:31:22.220 transfers of wealth in human history and a lot of that came as an effect of the fiscal policies
00:31:29.200 the printing money because what ends up happening when we did all of that public spending like i
00:31:34.920 I think, I can't remember the exact number,
00:31:37.060 but it was over $300 billion that we spent in one year
00:31:40.580 in terms of our deficit in Canada,
00:31:42.280 like the Canadian federal government.
00:31:44.360 And we sort of wrote it off, sort of,
00:31:45.800 but we, because, oh, it's the pandemic,
00:31:47.300 so don't worry about it.
00:31:48.120 Right, but what does that do?
00:31:49.820 It weakens your dollar.
00:31:51.360 So the purchasing power of your dollar goes down
00:31:54.780 and the price of assets inflates.
00:31:57.780 So people living paycheck to paycheck end up,
00:32:01.820 that paycheck is effectively worth less.
00:32:05.200 And the people who own assets and the cottages and so on,
00:32:11.440 they see the value of those inflate.
00:32:15.860 And so that's how we see it actually end up,
00:32:18.040 not only do those gaps exist, but it increased those gaps.
00:32:23.580 And I look at our current debt and deficit in this country,
00:32:26.800 which is a big number.
00:32:28.960 And if, God forbid, something like this happened again,
00:32:32.700 and they didn't, like, that's what I would like to know
00:32:35.160 from a commission.
00:32:36.160 Would you repeat what they did from the financial sector
00:32:39.020 and print money and drop interest rates to nothing?
00:32:41.880 Because as you said, that gap would get even bigger
00:32:44.280 than it is now.
00:32:46.160 Because, I mean, how much of a debt and deficit
00:32:48.360 would the country be in if they did that again?
00:32:50.720 Right.
00:32:51.680 And so that's where you could even look at,
00:32:53.920 you could do a economic analysis of these policies of say,
00:32:57.860 okay when we implemented uh the six feet rule you know how how much did that affect how much did that
00:33:05.060 cost fiscally versus how much did that benefit on a health scenario and then you should be able to
00:33:12.740 weigh each one of those policies decisions between those factors but yeah i were i remember getting
00:33:18.820 taken to places i never would just to support them right and you would stand out there where there's
00:33:23.300 a yellow line and then they put the bag in the table and could reach with your card like this and
00:33:28.340 well good luck and then you'd you know that all that crazy stuff like that but i'm really glad
00:33:33.460 you brought up about the printing of the money and the interest rates because it just sort of hit me
00:33:37.780 like wait since then our debt and deficit in the country is quite significant oh yeah it's it's a
00:33:44.580 big number and i'm not sure when it's ever going to get down at the current rate we're at right now
00:33:50.260 and if we ever had to be in a position like this financially as a country we'd be in tough tough
00:33:55.140 it'd be dire straits right right i mean i mean fiscally the federal government would be in a
00:34:00.660 really tough position well and you know this isn't even a a partisan point by any means because because
00:34:06.660 all all parties are subjected to this but again this is a issue that comes down to the kind of
00:34:13.460 four-year election cycle thing where you go okay the the incentive then becomes the
00:34:21.220 quickest uh the quickest band-aid possible which is to print the money because that gets me you
00:34:28.740 know that gets me re-elected next year uh but four or five years down the road from now
00:34:36.100 as we see we're dealing with those with the consequences of those decisions
00:34:41.140 uh but they're not factored in at the time because they kind of fall outside of election cycles yeah
00:34:46.660 and and for whatever reason and i'm not this is i don't in any way disrespect mark carney's
00:34:53.780 credentials obviously went to harvard bank of canada bank in england hedge funds he knows about
00:34:59.060 money but maybe he knows so much or too much he doesn't want to do an economic inquiry because
00:35:04.180 he wouldn't want the onion peeled back and have canadians know what really happened economically
00:35:08.900 and how that gap really has changed i mean we perceive it but for the government to admit it
00:35:13.620 and explain it might be that might be a tough sell yeah very tough so thanks liam of course