CMS: The Trudeau government is about to get much worse.
Episode Stats
Words per Minute
194.20798
Summary
Corey Morgan rants about the Liberal Party's failure to win the next election, the Gold-plated federal pension plan, and the fact that Justin Trudeau is now a lame duck Prime Minister, and what that means for all of us.
Transcript
00:00:46.360
As always, lots of news breaking, lots of craziness happening.
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I guess, you know, it's what that curse and blessing about living in interesting times.
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They're certainly interesting and there's certainly lots for me to go on about and I will.
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I see E-Sharp and Jordan already using comments.
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I don't necessarily read them all out on the air, but I do see them all there and I do appreciate them.
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It lets me know you're listening and helps keep the conversation rolling.
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He's going to discuss his new book, which is Financial Sovereignty for Canadians, which, yeah, offers a lot of, well, I guess, I read it, bleak outlook and such on, you know, where Canada's economy is sitting.
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But then he offers a lot of advice, perhaps, of what you should be doing to protect your own finances to avoid going down the drain with the rest of Canadians as things move along.
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And Franco Terrezano from the Taxpayers Federation is going to pop in for a quick hit a little later in the show.
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And he's going to talk about something related to what I'm just about to rant about.
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So, let's talk about, yes, my favorite gang there, Trudeau's Liberals.
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And they've moved the proposed general election date ahead by a week to ensure that 80 MPs who wouldn't previously have qualified will now be eligible for the gold-plated federal pension plan.
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Now, the Liberals are claiming they move this date because it clashes with a religious holiday.
00:02:15.760
Come on, we've known the date of that religious holiday, what, for probably a few thousand years.
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They suddenly realized, now, that was the date?
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Well, the Liberals are facing the reality that they haven't a hope of winning the next election.
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Their poll numbers have collapsed and they continue to migrate downwards.
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Even if they unload their wildly unpopular leader, they likely can't keep the ship from sinking.
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And many are quick to point out that most of the MPs who would qualify for the pensions due to this change of date for the election,
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But it doesn't really matter because most of those members are looking at comfortably being re-elected.
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The change was made for the Liberal MPs who are either going to be fleeing before the next election comes
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or be kicked out on their asses in the next general election.
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And while it's a good thing that the writing's on the wall for this terrible administration,
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this also signals that the Liberals have entered lame-duck mode.
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You see, the only thing worse than a Liberal government that's trying to win an election
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is a Liberal government that isn't trying anymore.
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I mean, let's face it, Justin Trudeau isn't a thoughtful or pragmatic Prime Minister.
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Trudeau's going to be pushing his obsessive agenda of trying to battle climate change through carbon taxes
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and attempting to buy himself international love and respect through transferring Canadian tax dollars to other nations.
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Now, his efforts are going to fail, but he's willing to spend Canadian citizens into penury trying.
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With Trudeau convinced he won't win the next election, remember he said he doesn't care if he's popular anymore.
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That's good, he should stop caring because he's not going to be popular again.
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But he's going to focus on building a legacy for himself, and we're all going to suffer dearly for that.
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Look back to Justin's father, Pierre, when he notoriously appointed over 70 of his pals
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to plumb government positions during his last couple months in power.
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It was a poison pill that crippled his successor, John Turner's chances of winning the next election.
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He just wanted to make sure his friends were well cared for on the taxpayer's dime as he went out the door.
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Now, if Pierre Trudeau did that much damage in a couple of months, says a lame duck leader,
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just think of what Justin's going to do with a year and a half to play with.
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We're going to expect a flurry of sole-sourced contracts to well-connected Liberal companies.
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Yeah, I know that's been happening for years, but now that the party has lost up a re-election,
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they're going to become even more bold and blatant with their influence peddling and favours for friends.
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Liberal cronies are going to be jammed into high-paying positions within crown corporations,
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and if those positions run out, I won't be shocked to see if we have new crown corporations formed in the next year and a half.
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We're going to see more judges, ambassadors, countless special envoys with high-paying roles
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They're going to get appointed to things all over.
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Things are looking bad in Canada right now economically and socially, but prepare for them to get worse.
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We got where we are today through the actions of a government that was trying, albeit poorly,
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to implement policy while garnering favour among citizens.
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Now we face a year and a half of governance from a government that no longer even ostensibly cares what we think.
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We're about to acutely feel the pain of a system that gives people no means of imposing accountability upon governments between elections.
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Even if Trudeau's support dropped to 5% nationally,
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we'd be stuck with who either chooses to step down or calls an election.
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I mean, clearly Jagmeet Singh's never going to bring him down.
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Singh's as close to power as he's ever going to get, and he knows it.
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And let's not forget, according to the Constitution, actually,
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Trudeau could theoretically hang on until the fall of 2026 before having to call an election.
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The election date can be adjusted at any time, and the Liberals just proved that.
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Trudeau said as much in his clumsy and awkward way recently when he said it's not his job to be popular
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He's convincing himself that he's martyring his political career for the larger cause of battling climate change.
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He thinks he's saving the world and that history will look on his actions kindly, even if the voters don't.
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He's wrong, of course, but nothing's going to convince him otherwise now.
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There's nothing more dangerous than a person who feels they have nothing to lose.
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Canada's now facing an entire government that feels that way.
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So I hate to tell you guys, but we're up that creek and in for some tough times.
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Face to face. I can't even take my shots at you, kind of, because I don't have that safety of a glass studio wall.
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No, no, I know. So this is what it's like. This is where it all happens.
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Yeah, we're having some internet trouble, so I figured I might as well.
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What the hell did we ever do before Al Gore invented the internet?
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I mean, it is pretty sad, though, when, let's see, technically, I think from the studio to your desk is about 40 feet.
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And we were, for a short time, crippled with what are we going to do if we can't stream you in until it occurred to you, you know, I could just kind of actually go in there and sit down with it.
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Well, you've got a new addition to your family.
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Oh, you're speaking about that horse, aren't you?
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Yes, I think, hopefully, Nico's got a picture he can throw up there of your, oh, there it is.
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That's her horse, and that's her horse's colt there.
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I'm not a father, but God, I just, I don't like horses.
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They step on my feet when I try to pick their hooves, and, you know, they bite me.
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Yeah, I got trampled by one when I was a kid, knocked unconscious.
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All right, well, we'll have to let people know next week what the colt's name is.
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So, yeah, despite all the internet hassles we're going through, holy cow, what a busy morning, politically wise.
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Scott Moe was among all those premiers yesterday who tried to get a personal invitation to talk to the finance committee and was told, no, this is about the carbon tax.
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But some other committee invited him today, so he was on there explaining his opposition, and apparently Alberta Premier Daniel Smith will be doing the same thing tomorrow.
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Smith herself has just wrapped up a press conference in Edmonton, ostensibly about immigration.
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She's written a letter to your friend Trudeau, demanding Alberta get more control over immigration, especially Ukrainian immigration.
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We've got the second largest population of Ukrainian immigrants in the country, and Smith wants to bring in more.
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But I think the big story of the day is what's happening in the city of Edmonton.
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Post Media actually broke the story this morning that the province is looking at maybe intervening and going in and helping Edmonton,
00:09:06.060
auditing their books and seeing what's going on.
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A Western Standard source this morning told me that Edmonton's economic situation is dire, extremely, extremely dire.
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And the issue dominated Smith's press conference.
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She said, you know what, we're here to help, but it's got to come from Edmonton and Mayor Sohi.
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Apparently, she said there is a letter coming to Municipal Affairs Minister Rick McIver this afternoon,
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alleging all sorts of nasty stuff going on at City Council that may be enough to get them in a intervene.
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But, you know, this is our capital city that's apparently, you know, could be, I'm not saying they're going to go broke,
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but apparently their finances are in really, really rough shape.
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A poll out today showing the UCP is leading the NDP by 15%.
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A good, healthy lead, even with a head of Nenshi in power.
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A big rally held in Duncan that we're reporting on.
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There was an incident in the washroom where a transgender person allegedly assaulted some kids.
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And I know you've commented on this on Twitter already, Corey.
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I mean, Cadbury, the latest company to go woke, has changed the name of their Easter eggs to Jester eggs.
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I guess I didn't want to offend any non-Christians.
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Yeah, as I said, you know, they've done this with Budweiser.
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But because they made them such a special seasonal thing, they built a brand.
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And now these foolish clowns are going to rebrand it.
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And they'll just fall to every other dollar store chocolate that's out there.
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I just don't like those weird fake Easter cream egg things with that.
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Well, thanks for coming to join me in the studio today.
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And, well, now I'll drive you back out of here to into that newsroom to write up.
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Yeah, we'll see you on the pipeline tonight, assuming the internet works.
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That is our news editor, Dave Naylor, in studio.
00:11:32.640
And, yes, lots being covered, all sorts of stuff.
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We're talking about the province stepping in and intervening on the capital city.
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So this is that time I like to remind everybody that the reason we can do this, the reason we're paying for Dave and somewhat paying for internet around here is because you guys have subscribed.
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So thank you very much for your subscriptions if you've subscribed already.
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And if you haven't yet, it's $9.99 a month, guys.
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New outlets like ours aren't dependent on the government.
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And the reason for that is because we're accountable to you and you guys buy subscriptions.
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You know, we never thought twice about paying to have the newspaper delivered to your door once a day.
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You shouldn't think twice about paying for a couple or a few of your favorite news services so you can get past the paywall, support that, and get that good information, especially considering the mainstream.
00:12:34.140
That Easter egg thing, you know, they just can't help themselves.
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The graduates, the woke, the lunatics, the ones we saw in the 90s going through post-secondary, now they've found their way into corporate positions.
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I mean, the bottom line is, is your agenda to maximize the sales of your product?
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Is your agenda to make sure that you brand it as well as you can and get it out to people?
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Or is it to pacify the blue-haired lunatics who are offended by anything and everything that goes around out there?
00:13:09.100
Well, these nutcases that are getting into marketing think that their task is to pacify the woke.
00:13:14.820
Like I said, how'd that work out for Budweiser?
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I mean, the amount of, you know, junk food providers out there of all sorts.
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If you want to stand out from the crowd, you need unique brands.
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You need things to grab people and bring them loyally to your product.
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And part of that was that Easter cream egg thing.
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Like I said to Dave, I don't even like the things.
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But it was something that every year people would see it come out.
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You know, if you give a sense of anticipation, people will actually go out of their way to
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get a product that's actually not all even all that good, but because you've made it
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And now they just dynamited that decades and decades and decades of a brand that was built
00:14:01.980
And they threw it in the toilet because they listened to the advice of a woke imbecile.
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These guys, as I said, they've unfortunately gotten into provincial or provincial corporate
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And I guess, you know, shareholders are going to start speaking up.
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Like, what are you doing to get a return on my investment, not for you to make social
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As long as the government stays out of it, they're welcome to dynamite their own brands
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But the shareholders should have something to say about that.
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When we get into government, it's a little difficult.
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The shareholders are voters and they don't necessarily listen to what we want or do what
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we want, but they manage a whole lot of our money, unfortunately, in our future.
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And that segues me into talking to my guest here, Fergus Hodgson.
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If I recall, there was a thunderstorm approaching.
00:15:02.580
But it was a good conversation for what we got out of it.
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And I appreciate just the limited, free or independent media that exists in Canada.
00:15:27.660
I see, Ernie, it looks like a much more weather-stable environment for today, which is good.
00:15:31.880
I mean, it's a lot to pack into the short time I have you.
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It was a lot packed in there and a lot to think about.
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I guess I'll kind of go in the order of how you wrote things.
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You've been outspoken on financial issues and economic issues, precious metals and things like that for some years now on social media.
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But now you've packed it all into one book, particularly for Canada.
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before you're giving any advice on what you can do about it.
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If you don't understand the gravity of the situation in Canada,
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you're not going to make the necessary changes or responses.
00:16:16.900
And one of the problems, which we touched on briefly before,
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is that Canadians live in a sea of government propaganda,
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both the explicit CBC, which is a state outlet,
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in addition to, let's say, the control of information through government schools and universities.
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And so then even when it comes to government reporting of official statistics,
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especially when it comes to the likes of the Canada Pension Plan.
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And so I want Canadians to understand that the trajectory is,
00:16:59.340
And if people want to understand what that is like,
00:17:10.200
We have a pension plan that, I mean, they did fix it a bit.
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but it's still a pay-as-you-go sort of system for a pension that really isn't all that good.
00:17:20.660
And we've got, again, the numbers that are coming up often,
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especially if we compare ourselves to our American neighbors.
00:17:33.640
I mean, that's a very accurate measure of the potential wealth we have,
00:17:36.880
and we should all be pretty concerned about this.
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let's say policy differences between Canada and the United States are not huge,
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that marginal difference over time causes greater and greater differences
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in terms of the people who go there or who leave.
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and attracted less ambitious immigrants than would come to the United States.
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about whether people should make that decision to leave or not,
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because Canada still is one of the better countries in the world to live in.
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There's a lot of many wonderful people, beautiful nature.
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and it breaks my heart to see the communities there coming apart.
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tenants and wealth in North America in particular has always been the dream of home ownership.
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Two chapters calls it the fading dream of home ownership.
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like that economic goal just within reach any longer.
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And it doesn't look like it's going to get there anytime soon.
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everyone knows this or should know that Toronto and Vancouver have some of the most expensive housing on the planet.
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that's expensive in terms of the incomes that people can bring in.
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So people need about 10 years of their gross income to buy a house in Toronto and Vancouver.
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that has spread to all the surrounding areas because people have moved out trying to find cheaper places.
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for better and for worse are the high population centers of Canada and often with the employment opportunities are too.
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obviously Alberta or the prairies offer more cost-effective housing,
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but you have to look further afield to find that.
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the employment options are and they tend to be in Vancouver and Toronto.
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that's why the house pricing is ballooned there in particular.
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say if people were looking at investing in a home for the future,
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if that's out one of the bigger social programs,
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we already touched a little bit upon if a person's working and renting thinking,
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at least I have the safety net of a pension plan that I'm contributing towards throughout my whole life.
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you're constantly relying on new young people to keep filling up the bottom to fund the ones who got to the top.
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When you pay to people more than what they have earned with their savings and rely upon newcomers,
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it is deceitful because the people who run the CPP,
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they conceal the unfunded liabilities or debts of this program.
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If you were to have a private pension plan that was 68% unfunded,
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that would immediately generate regulatory scrutiny for being an irresponsible or fraudulent plan.
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it just gets back to what we're talking about in sovereignty in a sense,
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and getting away from these massive government programs.
00:21:48.940
Canadian sovereignty is when we use cash instead of credit,
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and this digital shift is definitely not sovereign.
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because that's kind of what you get onto further,
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and into digital forms of currency or trackable currency,
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but it definitely puts you at risk as a sovereign individual,
00:22:22.980
even though they're extremely civilized in advance,
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And they're able to enjoy privacy and independence.
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the prospect of central bank digital currencies
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The Bank of Canada has already looked into this.
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it does enable a greater form of control of the population
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It's much easier to cut people out of that system.
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so that even the person receiving the transaction
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Canada does have relatively well-functioning capital markets.
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which perform better in an inflationary environment.