This week on The Corey Morgan Show, Corey talks about why he gets upset with Canada and why he thinks it s time to do something about it. He also talks about Justin Trudeau's recent trip to India, and the fallout from it.
00:15:59.680Taste the crunch, everyone, because we're all paying for some cricket corporate welfare, courtesy of the federal government.
00:16:05.340Now, you may have heard not too long ago that there was this big processing plant in London subsidized to the tune of almost $9 million for this cricket processing plant.
00:16:16.920Well, now the company says that only 10% of its crickets or its business is to use crickets for human food.
00:16:24.320However, we went through the government's own open data portal to look at some grants and contributions, and we found that the federal government has spent more than $420,000 subsidizing companies that directly turn crickets into human food.
00:16:41.700So we are subsidizing corporations, presumably for-profit corporations, to take crickets and to turn it into human food for your dining pleasure.
00:16:54.320Isn't that something? Well, and I know we're not a fan of corporate welfare in general,
00:16:58.800and I want to talk a little bit more about some of the bigger issues once we move along. But
00:17:02.040in any case, at least if they could point to some demand, if they could point to a reason,
00:17:07.640like I don't recall seeing people marching on the streets saying, please expand our cricket
00:17:11.420production. Please give me a bigger variety of bugs at the local supermarket. What is the
00:17:16.620motivation for the government to pump our tax monies into this? Yeah, no kidding, right? Okay,
00:17:21.860So the company that's received the most amount of subsidies since 2018,
00:23:51.020Well, you get a political system that chased away Kinder Morgan when it wanted to invest billions of its own dollars twinning a pipeline that's already in existence.
00:23:59.980Well, you had the government reject the Northern Gateway pipeline.
00:24:03.360You had the government move the regulatory goalposts on the Energy East pipeline.
00:24:07.000then you got a carbon tax then you got a second carbon tax then you got a no more pipelines law
00:24:11.680then you got a discriminatory tanker ban and oh by the way what happens when president biden
00:24:17.480pulls the rug out of keystone xl crickets from the federal government it's it's bad news all
00:24:25.620around it's unfortunate that the regional games happen like they do and the conservatives tend
00:24:29.880to be silent about it uh just kind of piggyback and i know it's coming something unexpected
00:24:33.640but it ties together uh one of the things you know some people are saying oh who cares what
00:24:39.200india thinks it doesn't matter if trudeau is alienated and well the one province that it
00:24:43.780relies on india as a customer the most in all of canada is actually saskatchewan and uh when when
00:24:49.440justin trudeau is crushing trade deals that could have benefited saskatchewan again we aren't hearing
00:24:53.920much uh had it been a quebec or an ontario deal i got a feeling we've been hearing a heck of a lot
00:24:58.080more about it well look let me tie in the taxpayer angle here what value are we getting from all
00:25:04.060these international trips that these bureaucrats and politicians are taking seriously right i mean
00:25:09.480in the news right you have the governor general spending almost three million dollars on travel
00:25:14.100in one year alone and what value are we getting right what value are we getting for many of this
00:25:19.600right the governor general and their entourage rack up almost a hundred thousand dollars on fancy
00:25:23.620airplane food. Well, that's nice for them. We get the bill. Or the governor general spends $71,000
00:25:29.160on ice limos during a four-day trip to Iceland when the hotel was, what, an eight-minute walk
00:25:34.640away from the main conference center? Well, that's nice for them. What value are we getting? We just
00:25:39.360get the bill. So that's another, I think, concerning point here as well with all these international
00:25:45.560travel. It's clear that they like staying in the fanciest hotels, taking the sweetest rides,
00:28:23.760And meanwhile, the government is doing the one thing or is failing to do the one thing that it can actually control to make life more affordable.
00:28:32.240And that's end these carbon taxes, right?
00:28:33.800Because the carbon tax makes gasoline more expensive.
00:28:36.100It makes a natural gas more expensive.
00:28:39.080And it makes everything that relies on diesel and natural gas more expensive as well, which is almost everything.
00:28:46.160So as we kind of wrap up here, we know which taxes we'd like to see less of.
00:28:51.360Now, there's that love affair with Keynesian economics where they feel, though, it would hurt the nation too much if we stopped spending public dollars and pumping them into the economy.
00:29:00.780I don't think we fully agree with that.
00:29:02.340So what areas, though, is the cuts have to come?
00:29:04.400And where can we cut without causing too much damage?
00:32:45.880as will Mike at Freedom Honey. Check those guys out, actually. They do good work for veterans
00:32:50.300and things like that with beekeeping. But yeah, these subsidy wars, this constant taking of money
00:32:56.220from one place and sticking it in another. Look, guys, if you leave the market free, I know it
00:33:00.460sounds like I'm the ideologue, but there's truth to it. It will migrate. The capital will migrate.
00:33:04.800The labor will migrate. They'll go to where they're needed. We will be more functional and
00:33:09.820healthy for it. One of the things Franco hit quickly, you know, on was equalization. You see
00:33:15.720equalization, again, you know, it's supposed to be this thing of balancing the country. So everybody
00:33:19.080has equal services. I mean, we know it's a load of baloney. It's regionally loaded. It always
00:33:23.860benefits Quebec no matter what, because they just keep giving them exemptions from the equalization
00:33:28.640formula. But the conservatives won't speak up on that very loudly because they want to keep
00:33:35.200everybody happy across the country. But how well has it been working? I mean, many of the provinces,
00:33:41.180if it's going to be a hand up, well, they've been collecting for 50 years. They still aren't
00:33:44.980up yet. How long do you keep tossing money to the kids in the basement before you say that's enough?
00:33:50.920You got to get a job. But you see, it creates that imbalance. It actually hindered people from
00:33:57.940migrating to the money when you take the money and move it to the people, which is an inefficient
00:34:02.940way to do it. I mean, we saw a lot of that when they were giving in the 90s preferential
00:34:07.140EI rates, all sorts of things like that to people in the Maritimes, whilst basically just gouging
00:34:13.420the hell out of Alberta while our economy was going strong. And listen, there were some fantastic
00:34:17.300Maritimers came out West, and people from all over the country came out West and worked in the
00:34:21.480energy sector. I worked with them all the time out there. But there was a whole hell of a lot more
00:34:25.520who sat around on their asses with a growing sense of entitlement, saying, well, I don't care if our
00:34:29.960local economy's crap. The country owes it to me to be able to make my bills and stay here. No,
00:34:34.480it doesn't actually. It really doesn't. You know, I get a bit of that when I see people talking
00:34:39.640about the prices of things up in the Arctic. I did four winters in the Arctic. This is part of why
00:34:44.180I'd rather be here doing alternative media than being in the oil fielding where it was terrible.
00:34:48.020It was cold as hell up there. Very lucrative. But I mean, in the North Mart and Inuvik or some of
00:34:53.160those towns, you know, you got Tuk-Tuk-Tuk. Yeah, things are really, really expensive up there.
00:34:57.540What do you expect? You know, the access is limited to get up there. You can bring dry goods by barge in summertime and the Dempster Highway is very narrow in winter. And then, of course, the ones where you got to fly in early have winter access are even worse. But you know what? It's a choice to live up there. It's a choice. And you choose to live up there. You're going to choose to pay more for your goods and services. That's the way it goes.
00:35:18.840as long as we keep pumping welfare into keep unsustainable populations sitting around up
00:35:24.060there, who are we doing a favor to? What are we doing? What are we doing? If they can't afford
00:35:29.260to sustain themselves, there's no industries, there's nothing going on. It's one of those
00:35:33.060things that gets me with people who support the reserve system, because when you get the smaller
00:35:36.060communities in the Arctic, it tends to be Inuit folks and others on isolated reserves up there.
00:35:42.280Okay, what's the end game? What's the long game for those little communities when they have
00:35:46.540really no resources assigned from some sustenance, you know, hunting and trapping. Trapping's long
00:35:52.640gone. They'll hunt some caribou to eat. Good on them, by all means. But otherwise, we're pumping
00:35:58.860up the main employer as government. In other words, it's work for welfare, and the rest just
00:36:02.200get direct welfare. What do you see a generation from now? What do you see 60 years, 100 years from
00:36:06.920now in those communities? What's the point? Is it a little zoo? I know that sounds harsh, but it's
00:36:13.060truth. Is it where urban people could feel good themselves? Look at these fine Inuit people we've
00:36:17.540kept up there as a little population that are holding tightly to their cultural norms, and it's
00:36:21.540important to us, as if you're preserving an animal population in an isolated area. It's kind of how
00:36:25.980it feels, isn't it? It's wrong, guys. I'm not saying kick everybody out of there either, but we've got
00:36:30.620to start getting realistic about how and why and how long we're sustaining some populations in areas
00:36:35.300that don't have the ability to sustain them. It's not doing them any favors. It's not doing us any
00:36:41.340favors. And maybe if we're not talking about moving the population out, then let's look at
00:36:44.740some of the resources we can exploit to make it sustainable for them to be there. Are there
00:36:49.760oil and gas deposits? Are there mining things that they can do? But instead, we're shutting
00:36:55.740down economic activity and keeping these populations sitting up there where they can't
00:36:59.960travel outward. They still live modern lives, guys. They're not living in the nice romanticized,
00:37:04.880you know, at one with earth, you know, nature loving up there and building igloos or any of
00:37:10.960that crap. They live in houses with satellite dishes. Now they got Starlink internet. They
00:37:15.020got cell phones. They're like anybody else, except they don't have a local means of generating
00:37:19.020income. So you get this hybrid of a culture, actually. It's kind of got one foot in the old
00:37:24.320ways and one foot in the modern ways and dysfunctional in almost all ways. And I'm not
00:37:28.820saying it to be insulting. Look up the stats. Health-wise, life expectancy-wise, education-wise,
00:37:34.680crime-wise, those isolated reserves are living in misery and they can't escape them. They're
00:37:39.240walked into these spots. By the way, kind of a side rant, but I mean, we need a hard, unvarnished
00:37:46.220look at economic policies when we're going to bring them about. Don't talk about what you wish
00:37:50.220you want to see. Let's talk about what we can do. What's going to make things better? What's going
00:37:53.420to pay off? So pumping subsidies into electric batteries when nobody wants the frigging things
00:37:58.480doesn't change the reality that nobody wants the frigging things. What a boondoggle this is going
00:38:03.340to be. What a mess. $20 billion for something nobody wants yet. They're not going to want them
00:38:09.820later. And then private companies, if they are relying on subsidies, on tax dollars, then they
00:38:17.260aren't going to be efficient. They aren't going to compete. They aren't going to make a better product.
00:38:21.360If you have a competitive market, maybe some creative company, inventor, some person is going
00:38:25.460to come up with a fantastic cost-effective battery and it will ship things to an electric world. But
00:38:30.860But right now, just pumping more money into technology that isn't ready to serve us yet is stupid.
00:38:36.800But when we look at who we keep re-electing as a prime minister,
00:38:39.720we shouldn't be so surprised that some things are stupid.
00:38:44.020Speaking of stupid, people, most of you have probably seen it.
00:38:48.300The Peel School District Board, those guys are nuts.
00:47:11.080Feed wheat is unchanged at $3.58, while corn slipped $3 to $3.55.
00:47:16.040In the milling wheat markets, December Minneapolis futures inched up 2.5 cents at $7.81 per bushel,
00:47:22.120with local hard red spring bid for September movement at $9.25 per bushel delivered.
00:47:26.620Over to the oilseeds, nearby canola futures are off $1.90 at $750.40 per ton, with delivered values for September movement at $16.67 per bushel.
00:47:39.440And in the post markets, red lentils are trading at $0.35 a pound, yellow peas remain at $11 per bushel.
00:47:46.380Looking at the cattle markets, October live cattle dropped $0.77 and a half cents at $1.83.37 per hundredweight.
00:47:54.060For more information on picked up and on-farm options, give me a call at 403-394-1711.
00:48:01.180I'm Vera Buziak at Marketplace Commodities, accurate real-time marketing information and
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