Western Standard - March 06, 2024


CMS： Trudeau's desperation is crushing Canada


Episode Stats

Length

47 minutes

Words per Minute

189.70477

Word Count

9,056

Sentence Count

663

Misogynist Sentences

8

Hate Speech Sentences

7


Summary

In this episode of The Cory Morgan Show, I talk about the Canadian economic slowdown and how Justin Trudeau is to blame for it. I also talk about what we can look forward to on April 1st, and why we should all be worried about it.


Transcript

00:00:00.000 Thank you.
00:00:30.000 Good day. Welcome to the Cory Morgan Show. Thanks for joining me on yet another, at least out here in Alberta, cold winter day. March is coming in like a bloody lion. Let's hope it goes out like a lamb. I can't stand winter. I really can't.
00:00:59.180 I've been in Canada all my life and still I've just never learned to enjoy winter. Aside from the lack of mosquitoes, I really don't see a lot of good out of it. Either way, hopefully things thaw out pretty soon.
00:01:08.940 That'll kind of tie into some talk, you know, about heating, energy, electricity, things like that. So a little later, I'm going to have guests on J.U. and James Walker of the Nano Nuclear Energy.
00:01:20.340 These guys are a company that creates micro nuclear reactors and really portable. We're talking about something that can be moved on a tractor trailer in C-cans.
00:01:30.240 So perhaps, you know, that's something in the energy mix that might be a bit of a game changer around the world as we all seem to try to scramble to keep our energy sources secure.
00:01:40.040 As well, a little later on, I'm going to have Franco Terrazzano check in. We haven't had Franco on for a while. He's with the Canadian Taxpayers Federation.
00:01:47.060 He's got a few updates on what we can look forward to on April 1st. That's the federal government's favorite time of the year to really make us bend over, lube up and take our tax increases for the season.
00:01:57.180 So we'll have Franco on to talk a little later. I see Jordan and Mr. Stanley checking in on the comment scroll.
00:02:02.040 Well, yes, if you're watching live, guys, be sure to check in. Send me your questions, comments, chat with each other. Just keep it civil.
00:02:09.020 That's all, you know, we don't have to be at each other's throats. We lost time for that. But I've only got 45 minutes with you today.
00:02:15.040 All right. I'm going to get on with what's got me going, though. I mean, I don't have to be too happy with everything I talk about.
00:02:20.140 Let's talk some federal politics. I'm going to quote our leader, Justin Trudeau.
00:02:25.200 In 2021, Prime Minister Trudeau infamously said,
00:02:27.920 You'll forgive me if I don't think about monetary policy. Unfortunately, Trudeau in that case was actually being absolutely honest.
00:02:34.780 He doesn't think about monetary policies. And the cost for his willful ignorance is going to be borne for generations.
00:02:41.320 And no, we shouldn't bloody well forgive him. We should be trying to find a way to get that incompetent, unprincipled boob out of office as soon as possible.
00:02:48.660 The economic canary in the coal mine in Canada has been dead for years.
00:02:53.020 The warnings were clear. Canada was on a path to economic catastrophe.
00:02:56.420 But the Trudeau government ignored the signs and charged ahead with their agenda of mass spending coupled with mass immigration.
00:03:03.200 I mean, this is a government on the ropes. Their popularity levels are rivaling the end of the Mulroney government when they ended up getting wiped out down to two seats under Kim Campbell.
00:03:12.840 And instead of reevaluating what they're doing, they're doubling down with what they've already been doing.
00:03:17.140 And it's making it worse.
00:03:18.080 So, I mean, as the government continued with its policy of borrowing money and pouring it into the economy, guess what? Inflation followed.
00:03:25.160 That's economics 101. But remember, Trudeau doesn't think about monetary policy.
00:03:29.360 So, action, reaction to try and counter the inflation problems.
00:03:33.180 The Bank of Canada has been cranking up interest rates.
00:03:36.120 And yeah, that does slow inflation, but that's because it slows the entire economy.
00:03:39.860 As businesses defer capital investment and housing starts slow down.
00:03:42.860 I mean, to counter the economic slowdown and the risk of recession that comes with that, the government then has opened the floodgates to mass immigration.
00:03:51.980 Sure, new immigrants bring skills and resources that do, in the short term, spur the economy.
00:03:56.820 But they also consume resources.
00:03:58.820 The influx of new Canadians has led to a housing crisis.
00:04:02.040 Of course, with the interest rates rising and housing prices going through the roof, mortgage delinquency rates are soaring.
00:04:08.340 In Ontario alone, they've shot up 135%.
00:04:10.860 These are people about to lose the homes they put their lifetime of savings and investment into.
00:04:16.140 Younger people, they can't even consider buying a home with current prices.
00:04:19.080 They're forced to rent.
00:04:20.300 And that's not a solution.
00:04:21.320 Rents have been rising as fast as the home prices.
00:04:23.960 People are being forced to bunk up or move back in with their parents.
00:04:27.320 Between the skyrocketing cost of living and the addiction epidemic, homelessness is chronic now and it's growing.
00:04:32.580 In every province in the country as well, the healthcare systems are overwhelmed.
00:04:36.280 Waiting times for hospitals and procedures are reaching new highs with every month.
00:04:39.540 Schools, no different.
00:04:41.360 They're under pressure as immigrants pour into the system faster than the system can expand to accommodate them.
00:04:46.760 And let's look at the business world.
00:04:48.360 In January of this year, just a couple of months ago, business insolvencies in Canada went up 129% over the January period of 2023.
00:04:57.680 The taxes, regulations, interest rates, and anti-business climate in Canada is crushing our enterprises.
00:05:02.760 Canada is becoming an investment pariah.
00:05:05.480 While the Prime Minister might have no idea what he's going to do, you know, and what he is doing to the economy, business leaders do.
00:05:11.760 They won't put funding into the economic basket case of Canada.
00:05:14.760 It's a global market and we're being left behind.
00:05:16.760 It's not just bad monetary policies that are keeping investment out of Canada.
00:05:19.840 It's the environment and attacks on businesses themselves.
00:05:23.600 I mean, grocers and oil companies, executives, they've been dragged before parliamentary committees where they've been questioned on their business decisions.
00:05:30.440 It's kind of Soviet-like and feel, but that's not surprising considering Trudeau partnered with a socialist to try and remain in power.
00:05:36.840 How could any business leader want to come to Canada and set up shop in that sort of environment?
00:05:41.440 Having the government constantly attacking and shutting down proposed resource development certainly isn't helping either.
00:05:45.760 It doesn't matter if the nation sits on massive natural resource reserves or the government won't allow it to be developed.
00:05:51.280 The most frightening indicator, though, of just how far up the economic creek Canada has gone is the GDP per capita ratio.
00:05:58.420 To put it in lay terms, add up all of the economic output in Canada and divide it by the population.
00:06:03.480 That's the ratio, and that ratio has dropped steadily for the last six quarters.
00:06:07.640 You know, the banks are calling it out, economists are calling it out.
00:06:09.660 The only ones who seem unconcerned about it are the morons in government under Justin Trudeau.
00:06:13.300 Let's look at the comparison. The GDP per capita in the USA is about $70,000 American dollars.
00:06:19.340 In Canada, it's $52,000 American dollars and falling.
00:06:22.940 The entire nation is becoming poorer, and quickly.
00:06:26.100 Trudeau's been on a mass hiring binge of civil servants, but that only helps the unemployment figures.
00:06:30.300 Civil servants don't contribute to the economy. They drain from it.
00:06:33.460 I mean, Canada's faced depressions and recessions before. Hard times have come and gone.
00:06:36.740 But what's happening right now is different.
00:06:38.100 Canada's economy is being dismantled and destroyed by the most incompetent and ideologically driven government we have ever seen.
00:06:44.700 The only question we have now is how long are we going to let this go before somehow finding a way to pressure that administration out of power?
00:06:50.880 I mean, in other countries, people will be out in the streets by now.
00:06:53.160 But in Canada, we seem to be still stuck on watching reality TV.
00:06:56.680 Trudeau might not like to think about economic policies, but I guess he's not alone.
00:07:00.160 Canadian citizens don't like watching it either, but it's going to catch up with you.
00:07:03.580 So, guys, all I can say is, it's going bad. It's going bad fast.
00:07:08.400 Start paying attention. Let's get that boob out of office sooner rather than later,
00:07:13.080 because it's going to take generations to clean up the mess he is creating.
00:07:16.280 And some of it's our own fault. We've got to change it.
00:07:18.740 All right, that's what's got me ranting and raving to start the day off.
00:07:21.500 Let's see what else will get me pissed off today and check in with our news editor, Dave Naylor,
00:07:25.520 and see what else is going on in the big, bad world.
00:07:26.980 Hey, Dave, how's it going?
00:07:27.920 Good. Well, I hope I'm not responsible for pissing you off, Corey.
00:07:30.840 No, just the news copy you put out there. That's all.
00:07:32.900 Yeah, that's good. Like you, though, I am getting fed up of February weather in March.
00:07:38.240 So apparently there's hope coming for the weekend, so not above zero for the weekend.
00:07:43.280 But I've got to tell you a fun story from earlier this week.
00:07:47.240 I was having a beer at my local pub, the Wink and Owl.
00:07:51.820 Best wings in the city, by the way, Corey.
00:07:54.780 Then I was chatting with a woman, and I'd introduced myself as Dave earlier on,
00:07:58.720 and she says, what do you do?
00:08:00.340 And I said, well, I'm a journalist.
00:08:02.260 Well, who are you with?
00:08:03.720 Well, I work for the Western Stat.
00:08:05.900 You're Dave Naylor.
00:08:07.740 I listen to you every morning when I'm doing my makeup on the podcasts.
00:08:12.440 So, yeah, at least one person listens to us, Corey, in either this or the pipeline in podcasts,
00:08:22.500 and doing it every morning while she puts on her makeup.
00:08:25.020 So I was very chuffed.
00:08:27.380 Well, good.
00:08:28.400 A shout-out to her, then.
00:08:29.500 I hope the makeup is going well.
00:08:32.460 Exactly.
00:08:33.320 So hopefully she'll be listening tomorrow.
00:08:35.460 But, yeah, speaking of weird stuff, we've got a few weird ones going on at the moment, Corey.
00:08:41.900 I've got a story on a guy in Germany.
00:08:43.820 I'm assuming there's got to be some mental illness going on with this guy.
00:08:47.400 But in the space of two years, he had 217 COVID vaccination shots.
00:08:53.360 You know, he was going around all over the country being injected every three or four days with a COVID shot.
00:08:59.880 217.
00:09:00.320 Now, the good news is he didn't get COVID.
00:09:04.180 But, you know, I guess they're kind of studying.
00:09:06.660 I'm going to see whether he's going to start growing, you know, arms out of his forehead or something like that.
00:09:12.740 Our Lee Harding's got a story out of Saskatchewan in which the opposition is up in arms
00:09:16.760 because a cabinet minister was spending hundreds and hundreds of dollars a day being chauffeured around Paris as he attended a conference.
00:09:25.740 I've got a story on David Parker.
00:09:27.020 You remember the leader of Take Back Alberta went on a bit of an unhinged rant a couple of weeks ago attacking Pierre Polyev's wife.
00:09:37.500 He says he's taken time to reflect and he says he was wrong and promises never to personally insult anybody yet in the future.
00:09:46.500 Speaking of weirdos, Doritos.
00:09:49.540 You know, I don't know why these companies aren't learning the mistake of Bud Light.
00:09:54.420 Bud Light lost billions in stock value with Dylan Mulvaney and now Doritos has done it.
00:10:00.000 They've partnered with a transgender man, woman for two days before they discovered the disgusting text messages he had put out on things he wanted to do to young girls in the middle of the street.
00:10:13.900 So his time as a Doritos spokesman ended fairly quickly.
00:10:19.820 Our Dave Makachuk, a military expert, has got a column on Canada's attempts to send rockets to Israel.
00:10:26.800 Sorry, not Israel, the Ukraine.
00:10:28.840 Getting my wars mixed up there.
00:10:31.740 A Rivecan accountant said in testimony to the Commons,
00:10:35.680 Yeah, we knew something was going on here in this $60 billion boondoggle.
00:10:40.900 We knew something was going on, but, you know, we were too afraid of committing a career suicide by reporting it.
00:10:48.140 And the Bank of Canada today held their interest rate at 5%.
00:10:53.280 So any hopes for those people getting a bit lower or a bit of a break in mortgages if it had drops?
00:11:00.480 We're dashed today, but they'll be looking at it again in April.
00:11:05.440 So that's what's got our attention right now, Corey.
00:11:09.280 Right on. Yeah, lots on the go.
00:11:10.820 It is pretty sad that it's hard to keep track of which wars we're funding at which given time.
00:11:14.900 We're in a rough period of history right now.
00:11:17.640 Certainly are.
00:11:18.980 All right. Well, thanks for the update.
00:11:20.400 I'll let you get wrapped up with your news so you can rush down to the Wink and Owl for your next round of fan adulation down there.
00:11:27.340 There you go. Got to do the pipeline with you first.
00:11:29.940 Oh, yeah. We still got that other show.
00:11:31.820 All right. Thanks, Dave.
00:11:33.320 Take care, Corey.
00:11:34.860 That is our news editor, Dave Naylor.
00:11:36.620 And, yeah, you can see the stories.
00:11:37.780 Again, they're always coming hard and heavy, lots of stuff going on out there.
00:11:41.440 And this is what I like to remind everybody.
00:11:43.060 The reason we have those stories, the reason we have the staff and we're as busy as we are is because you guys have been subscribing.
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00:12:19.020 And if you've already subscribed, again, thank you very much.
00:12:21.060 I appreciate it.
00:12:22.400 You know that go woke, go broke story.
00:12:24.140 It just keeps going on.
00:12:25.020 So now we got Doritos into it or whatever it was.
00:12:27.220 I mean, come on, guys.
00:12:27.980 You're into Mexican food.
00:12:29.140 Tacos.
00:12:29.560 If you sell tacos, don't switch to sausages.
00:12:32.400 Your customer base won't appreciate it.
00:12:34.620 Sports Illustrated figured that one out as well, a hard way.
00:12:37.300 Just lay off.
00:12:38.320 Just stick to your products.
00:12:39.400 How many businesses really, by embracing these woke ideals and things, have seen an increase in sales?
00:12:45.640 How many have actually had a good outcome from it?
00:12:49.040 Just get out of it, guys.
00:12:50.360 Stick to plain vanilla celebrity endorsements.
00:12:53.440 I mean, you've got to get these DEI nutcases out of your marketing departments and get back to reality.
00:12:58.700 It's not doing yourselves any favors.
00:13:00.920 I don't care about it.
00:13:01.940 I just want a taco chip or a nacho chip.
00:13:03.700 Or, you know, back when I used to drink, yeah, I didn't really care about the virtue signaling of the beer company.
00:13:08.900 I was just looking at price and flavor.
00:13:12.140 Whatever.
00:13:12.820 They keep going down that road.
00:13:15.760 You know, interesting.
00:13:16.500 So, yeah, that was brought up.
00:13:17.720 The cabinet minister, I don't talk about Saskatchewan enough.
00:13:19.940 And I'm getting a little worried about the Saskatchewan party.
00:13:22.420 They've been in power for 17 years, you know.
00:13:24.420 And when parties are in for too long, whether they're conservative or liberal or NDP, if they're in too long, things go bad.
00:13:32.100 We're certainly seeing it on the federal front.
00:13:33.780 And on the provincial front, we're starting to see those cracks showing in the Saskatchewan party.
00:13:39.220 And it worries me because they've kind of got a two-party system on the go.
00:13:42.200 I know they've got some other parties trying to get going.
00:13:44.000 I think the Saskunity party or something like that.
00:13:46.180 But it's getting reminiscent, I guess, of the Redford years with the progressive conservatives in Alberta.
00:13:51.100 I mean, they'd been in for 40 years.
00:13:53.200 And the waste and the arrogance was getting out of control with them.
00:13:57.420 You know, they'd lost track of why they were there.
00:14:00.160 So when you see a minister going, and you see, it's the minor things.
00:14:03.080 I know it doesn't break the budget.
00:14:04.400 But this is what sticks in the mind of the public.
00:14:06.340 Because they've got a close election coming this fall.
00:14:08.120 And when you've got a cabinet minister going to Paris and touring around, and then it turns out that he spent thousands on a private chauffeur service, $3,500, to go tour things around Paris that had nothing to do even about what he was supposed to be there for.
00:14:27.560 He was supposed to be for a nuclear exhibition.
00:14:29.280 And instead, he was touring other things.
00:14:30.400 Like, I don't mind multitasking with these politicians.
00:14:32.480 It's okay you go over there if you've done your business part over on whatever you had to, met the people you had to, and you want to run around and do some touring.
00:14:39.720 Fine.
00:14:40.100 Take an Uber.
00:14:41.580 Take a taxi.
00:14:42.500 Come on.
00:14:42.940 We're not talking about the prime minister here.
00:14:45.200 We're not talking about even a premier.
00:14:46.780 Look, nobody knows who Dustin Duncan is outside of Saskatchewan.
00:14:49.620 He didn't need extra security.
00:14:51.300 You can jump in an Uber or a taxi, go see those things, and come back.
00:14:54.080 But instead, no, he thought he would expense $3,500 to the taxpayers and go touring.
00:14:59.760 Dude, this is the sort of crap that gets you thrown out of office.
00:15:04.360 This is the sort of thing that sticks in the voters' minds.
00:15:06.620 I know the voters should be thinking about the billions rather than the thousands, but it's the thousands that resonate with other people.
00:15:13.060 People who can't afford their bills, their rent, their mortgage payments, and then they see this sort of arrogance being used with their money.
00:15:23.940 That's what gets you in trouble.
00:15:25.920 Another area that's showing that the Saskatchewan party's been in a bit too long was a recent release, too.
00:15:31.660 It sounds like municipalities, their donation system, most provinces have closed up this loophole.
00:15:37.000 Alberta used to have it.
00:15:38.040 But municipalities can actually donate to political parties, which is not good.
00:15:42.740 Because the municipalities, of course, I mean, it's an instant conflict of interest.
00:15:45.960 The provincial government transfers funds to the municipalities, of course, for infrastructure projects and things such as that.
00:15:52.920 The municipalities shouldn't be able to donate to the political parties then because, of course, they're looking to buy favor.
00:16:00.640 And again, even if it's not been abused, this voter sees it as abuse.
00:16:05.680 And it sounds like tens of thousands of dollars have gone from municipalities towards Saskatchewan party fundraisers.
00:16:11.660 These are the cracks that are showing, guys, and you've got to be careful because this fall, if this sort of thing keeps up, this kind of arrogance, you don't understand why the voters are getting turned off you.
00:16:21.920 They're going to be replaced this fall, and they're going to be replaced by the NDP.
00:16:24.820 And again, you get to a cure that's worse than the disease.
00:16:27.480 Alberta learned that lesson the hard way already once.
00:16:29.620 I'd hate to see Saskatchewan have to learn to do so as well.
00:16:32.820 All right, let's get on to the subject of our guests here.
00:16:36.680 I've been looking forward to this, again, energy.
00:16:39.220 Energy has been a huge, huge news story and issue that's going on.
00:16:43.160 We're, as in Alberta, supposed to be an energy capital of Canada, yet we have shortages, we have instability, and we don't hear about nuclear enough and the developments within it and where it's coming along.
00:16:52.520 And these guys with nanonuclear energy sound really exciting, actually, with some of the stuff they've been developing with micronuclear technology.
00:16:59.140 And I've got James Walker and hopefully J.U. coming on soon to discuss and expand a bit on that.
00:17:05.480 So we've got James for now, and let's see what they've got going.
00:17:07.960 Hey, James, how's it going?
00:17:09.460 Hi there, Corey.
00:17:10.160 I'm not too bad.
00:17:11.640 Good.
00:17:12.320 Well, I appreciate you coming on to join us today.
00:17:15.480 As I kind of said in the intro, you know, we're in an energy-producing province.
00:17:19.360 We've talked about nuclear for decades, but it just never seems to actually get off the ground around here.
00:17:25.360 Part of it is it's such a long game, too.
00:17:27.240 When you're playing with the applications and development and building something of that scale, it just never quite makes it.
00:17:33.640 But you guys are a little different.
00:17:35.020 I mean, this is very portable, very quick, and can be applied a lot of different ways.
00:17:39.940 Can you kind of expand on what your company does?
00:17:42.860 Yeah, of course.
00:17:43.720 So you're absolutely right about those long lead times for those big civil power plants.
00:17:49.220 Traditionally, that's because these are very large installations where all the fuel that's going to power in this thing for the next few decades is all up front.
00:17:56.960 But the reason why there's big emphasis on SMRs, micro-reactors, is because if you shrink down the reactor and it uses less fuel and it's less complex,
00:18:06.300 then the time to actually launch these things is theoretically a lot faster.
00:18:09.900 The capital costs comes down, the financing costs related to the capital costs comes down.
00:18:14.740 And that's where the U.S. and Canada are beginning to look towards being the future of the nuclear industry.
00:18:21.180 So Alberta is actually a great state for industry.
00:18:24.960 And already there's quite a lot of industries there that are looking at powering chemical operations, oil and gas operations, remote locations, remote industrial projects.
00:18:34.880 Nuclear is the only solution, really, for those things, because wind and solar can't be put anywhere you want.
00:18:42.600 They are only intermittent energy sources and they need big storage facilities.
00:18:48.860 They need big land areas.
00:18:50.800 And really, if you're looking to try and nuclearize and power these remote industrial projects,
00:18:58.060 nuclear is the only alternative to sort of diesel generators and fossil fuels.
00:19:02.220 So, I mean, the number one question I'm certain you get, I mean, people have had a very negative interpretation or impression of nuclear.
00:19:09.900 I mean, since the China syndrome, you know, way back when I was just a child, it was coming out on there.
00:19:13.700 But the safety, I mean, it's important.
00:19:15.720 People should be, you know, at least asking about that.
00:19:18.660 These are presumably very safe reactors.
00:19:20.740 Yes, you know, we have to contend, of course, quite often with the safety questions being asked.
00:19:27.900 But it's very easy for us because all we can do is just dispense the facts about nuclear.
00:19:33.420 And we can say to people, look, if you look at just take the big civil power plants,
00:19:38.800 even if you look at deaths per gigawatt hour generated, nuclear beats out wind, solar, everything.
00:19:43.300 And orders of magnitude safer than all the fossil technologies anyway.
00:19:47.040 So nuclear is already the safest form of energy.
00:19:50.120 When you shrink the reactor down to an SMR and then a micro reactor, it gets safer still.
00:19:54.480 So we have the safest form of energy getting even safer.
00:19:58.520 And I think nuclear has always suffered from misconceptions and bad PR.
00:20:02.720 And obviously, we're trying to change that.
00:20:05.400 And obviously, we're doing things like talking to you to try and explain to people that, you know,
00:20:09.680 the safety concerns you have might be a bit of a misapprehension about the technology itself
00:20:15.200 and the dangers at play.
00:20:17.400 But we just need to get that message out there.
00:20:20.180 And public sentiment is improving.
00:20:21.800 We are seeing gradually more acceptance of nuclear power.
00:20:26.440 And I think once we can couple that knowledge about how safe it is with decreased energy costs for the consumer,
00:20:35.840 then the public support should really balloon.
00:20:38.940 So these generation sources are very portable and can be moved quickly.
00:20:43.980 I saw one of the applications proposed.
00:20:45.400 Isn't it actually in the case of an emergency, if there's a natural disaster or something has happened
00:20:49.660 that the regular power grid has been knocked down?
00:20:52.060 And these sorts of reactors could be brought into place to bring supplemental power during that emergency period.
00:20:58.660 It's a very interesting application for it then.
00:21:02.080 Yeah, absolutely.
00:21:02.920 And look, it doesn't stop there.
00:21:04.160 I mean, the potential market here is a trillion-dollar industry.
00:21:07.500 Like it's mining sites, oil and gas sites, remote habitation, maritime vessels,
00:21:13.580 just like aircraft carriers and submarines currently use nuclear,
00:21:17.160 charging stations, freebie vehicles, data centers, AI centers.
00:21:20.980 Bitcoin mining, if you really want to go that route.
00:21:25.420 You know, so even in remote countries with remote communities that are cut off from the larger grids,
00:21:34.960 desalination plants, medical facilities, all of that can be powered with micro-reactors.
00:21:39.840 It could be a very transformative technology just for the world.
00:21:43.040 Yeah, well, and isolated areas like Alberta, where we have the oil sands developments up north,
00:21:49.400 they're energy intensive to get the oil out.
00:21:51.280 We burn a lot of natural gas to get, you know, SAGD and things like that going on.
00:21:56.660 I would imagine if you moved a nuclear, you know, a modular nuclear facility in,
00:22:02.200 you don't have to build that electrical transport infrastructure as well.
00:22:05.700 Like you could run it for the project and then deactivate when the project is finished.
00:22:09.660 I mean, that's the big incentive here is that, you know, a lot of these projects do run on fossil fuels,
00:22:15.380 and that means that there's almost a daily importation of diesel or fuel that you need to do this.
00:22:21.340 But with a nuclear, with a micro-reactor, all your fuel is there in one place for the next 15 years of operation.
00:22:27.000 So all of your logistical concerns can be dispensed with.
00:22:31.640 And when you are finished with it, the thing can just be decommissioned and moved out of it.
00:22:35.640 I mean, this is where we're trying to get to almost like a nuclear battery on a truck.
00:22:39.340 It could insert, and once it's inserted, you run it just for how long you need.
00:22:44.860 And we don't even necessarily need to sell you the reactor.
00:22:47.320 We could just sell you the energy that you need over the period you weren't for.
00:22:51.480 So going further into that, what about the waste issue then?
00:22:55.280 I mean, when the fuel has been spent, it still leaves a product that has to be safely handled and disposed of.
00:23:02.460 I imagine you've got plans for that.
00:23:06.500 We do.
00:23:07.120 And I think the waste issue is almost similar to the safety issue in a way.
00:23:11.280 But I think the scale of it is not really appreciated.
00:23:14.140 So if I just say, like, if you were to take all of the reactors that have ever operated in North America, including the States,
00:23:20.620 all the way back to the 50s, and that includes all the aircraft carriers, submarines, all the big civil power plants,
00:23:26.080 and you were to collect all of that waste in one location, it wouldn't fill a football field.
00:23:30.940 It produces an amazingly small amount of waste, and that's because the energy density of uranium is just so huge.
00:23:38.020 So a micro reactor, if you can imagine it, it operates for 15 years, and you're producing less than a golf ball of highly irradiated waste.
00:23:45.980 It's not really going to be much of a waste issue.
00:23:48.660 Remarkably, actually, with our reactors, because the power output is so much lower than a big civil power plant,
00:23:53.880 the burn-up of the fuel is less than 1% after about 15 years of operation.
00:23:57.680 So it's almost new fuel after over a decade of use.
00:24:02.000 And so obviously, we don't want to throw that away.
00:24:04.260 We want to take that back and refurbish it and then put it back in the reactor and ship it out again,
00:24:09.120 because it's essentially new.
00:24:10.360 That's how energy-dense this stuff is.
00:24:12.820 Okay.
00:24:13.140 I've got a comment here with a question, Peter LaFontaine, saying,
00:24:16.280 are these small modular reactors available now, and what sort of price point are we talking about?
00:24:22.200 I mean, are they within reason?
00:24:23.360 So they're not available now, and we still need to go through the licensing process,
00:24:29.600 and that's the big lead time operation, because the regulatory process for getting a nuclear energy system license
00:24:37.680 is a lot longer than for anything else.
00:24:40.120 And it's mostly to do with how technical the facilities are attached to this.
00:24:47.240 But we've got to go through that process.
00:24:49.160 We'll begin seeing microactors before the end of this decade.
00:24:53.720 We'll see SMRs before the end of this decade as well, a bit bigger than a microreactor.
00:24:59.120 And those could power chemical plants, oil and gas, oil sands, all those kind of projects as well.
00:25:07.020 But, yeah, so they're coming, and all the infrastructure is being built up accordingly.
00:25:12.160 And it's not just Canada that's looking at this, too, but the United States and the Department of Energy there
00:25:17.060 is throwing a huge amount of money at the big infrastructure projects to build back their capability
00:25:23.180 to mass manufacture fuel, deconverted fuel, and build these things.
00:25:29.420 So is there – we've got a lot of companies operating in Canada, and I can certainly see why they'd be interested in it.
00:25:35.980 Have any started the process in working towards this?
00:25:38.200 So, again, we always hear talk of it, but we just haven't quite seen it come to fruition yet.
00:25:42.600 Yeah, so Canada's nuclear industry is actually really good.
00:25:48.060 Obviously, they went the can-do reactor route, but that gave them a lot of expertise in that particular region,
00:25:53.700 and they obviously had to build up a lot of expert personnel and infrastructure to support all that.
00:25:58.440 So they're well-placed to actually slide into the new generation of SMRs.
00:26:02.620 And there are a number of SMR companies being built up in Canada.
00:26:08.340 Even Canada Westinghouse, they're looking at building an SMR and deploying to power a lot of infrastructure within Canada.
00:26:18.500 So it's happening.
00:26:19.920 We don't know whether the first reactors to commercially launch will be from the States or Canada.
00:26:25.240 But either way, I think Canada will eventually produce its own SMR and micro-reactors that can deploy around the country.
00:26:34.540 It's – you know, obviously, Alberta is going to be a big focus of it because it's very industry-focused,
00:26:38.600 and these big industries have a lot of mandates to bring in alternative forms of power other than fossil fuels.
00:26:46.460 But even in the north of Alberta, so Northwest Territories, Yukon, where you've got a lot of remote communities up there,
00:26:53.620 it's enormously expensive to power those places.
00:26:57.200 And to deploy a micro-reactor up there where you've got, say, a community of only 800 on a yearly basis,
00:27:02.780 that could be over $10 million in just diesel costs alone just to fuel.
00:27:07.400 Those costs would essentially half go to a tenth of what they would be
00:27:12.920 because you have a micro-reactor to power it for 15 years or so.
00:27:17.780 So with this kind of reactor to generate power, like one of the issues we have with renewables,
00:27:22.560 Alberta and a lot of areas have put in a lot of windmills and a lot of solar projects and things like that.
00:27:27.060 But the problem is if the wind doesn't blow, the sun doesn't shine, you've got to go to your backup sources.
00:27:31.780 We could turn off and on our natural gas-fired power, though we've had challenges now.
00:27:36.820 It's getting to the point where we're kind of maxing it up.
00:27:38.540 But we can do it quickly if we need to.
00:27:40.780 So with nuclear ability, is it able to really bring it on stream quickly
00:27:45.020 and bring it off for on-demand sort of use?
00:27:48.080 Yeah.
00:27:48.400 So the terminology they use in the energy industry is capacity factor,
00:27:52.840 and that's essentially almost a percentage of how consistent the power is.
00:27:57.220 So if you look at solar, it would be about like a 15% energy capacity,
00:28:02.580 and wind would be about a 25% capacity factor.
00:28:06.980 Nuclear is the highest.
00:28:07.960 It actually is a higher capacity factor than gas or coal or any other form of energy.
00:28:14.700 The highest capacity factor, that means it is the most readily accessible amounts of energy for when you need it.
00:28:21.240 And you can ramp up and ramp that down very easily.
00:28:23.920 It's just a matter of control or insertion and extraction.
00:28:27.180 So not only is it the cleanest and safest form of energy, it's going to be the most consistent form of energy.
00:28:35.500 And it won't suffer from, unfortunately, what wind and solar need to do is install big storage facilities that are very expensive
00:28:41.740 and occupy big amounts of land mass to install, and then still not be able to be consistent in their power up.
00:28:49.180 Yeah, and finally, I guess, as we kind of wrap up, that's been a big issue.
00:28:53.760 And in Alberta, we've had some battles was the amount of footprint that a solar or wind generation facility takes up.
00:28:59.600 I mean, with agricultural land or even just the visibly is not necessarily aesthetically all that good.
00:29:05.720 These modular plants are very, very small.
00:29:07.420 They're very, very small, and they occupy a very small footprint.
00:29:12.240 And look, we realized when we launched the company and we were trying to identify how to design our reactors,
00:29:18.600 what the markets would be, we saw that actually, you know, the carbon, people complain about carbon footprints,
00:29:24.940 but the carbon footprint of actually occupying huge amounts of land with wind and solar farms actually was quite significant.
00:29:31.520 And so you can actually end up being quite a polluting source of carbon emissions by installing these big facilities there
00:29:39.100 that then aren't consistent, that then need storage on top of that, too.
00:29:42.740 And the costs can run away with you, not just the land use can run away with you,
00:29:46.800 but you end up needing to use, say, three or four times the land that you would think you would need for wind and solar
00:29:53.440 because it's got to make up for that inconsistency and the intermittent power.
00:29:57.640 And so you've got to produce more and store it to make up for that fact that the wind doesn't always blow
00:30:03.460 and the sun doesn't always shine.
00:30:05.320 Yeah, well, with the portability, the lack of emissions and the lack of intermittent issues,
00:30:10.700 I mean, they all sound to solve a lot of the challenges we've got going with energy generation right now.
00:30:15.240 I appreciate you coming in to talk to us today.
00:30:17.420 And as you pointed out, I mean, a lot of what we've got in our heads, I mean, they're legitimate concerns on safety,
00:30:21.280 but statistically, actually, yeah, they've always been quite safe.
00:30:24.260 Where can people find more information about your company and what's been going on with it?
00:30:28.840 So I would go to nanonuclearenergy.com.
00:30:32.040 You can sign up to our mailing list.
00:30:34.360 We are on Twitter and we do have Facebook and you can follow us there, too.
00:30:39.380 But yes, please reach out to us anytime.
00:30:41.460 And look, anybody who does reach out to us, we will get an answer back to you quickly.
00:30:46.060 Great.
00:30:46.500 Well, thank you very much for taking the time to join us today.
00:30:49.040 I look forward to seeing these new forms developing and moving in up here.
00:30:52.380 I really do feel that we need to start seeing some of that type of energy getting going up here
00:30:57.260 instead of us keep spinning our wheels and some of the less than reliable ones out there.
00:31:01.380 Agreed.
00:31:01.820 All right.
00:31:02.260 Thank you very much for having us on, Corey.
00:31:04.100 All right.
00:31:04.480 Thanks again.
00:31:06.180 So, yes, check them out, guys.
00:31:08.840 Nanonuclear energy.
00:31:10.080 You know, we really got to start thinking outside the box.
00:31:13.660 And this is, you know, nuclear is not new, but getting it down to this micro level, this portability.
00:31:17.580 And as he said, you know, and I noticed one of the commenters brought up Fukushima.
00:31:21.400 Sure.
00:31:22.180 But again, when we look at a world with billions of people, when we look at thousands and thousands
00:31:28.680 and thousands of means of generation, whether it's coal, whether it's gas, whether it's
00:31:33.020 nuclear, whether it's wind, statistically, you know, the ones that cause the least amount
00:31:37.140 of harm are still actually nuclear.
00:31:39.540 Yeah, we saw Chernobyl.
00:31:41.320 But I mean, you got to think about that.
00:31:42.460 That was during the Soviet era.
00:31:44.460 I mean, the Soviet Union couldn't even make a good alarm clock back in those days.
00:31:47.620 I'm surprised they only had one reactor meltdown.
00:31:50.360 The world is lucky for that.
00:31:51.780 We've gotten much better since then.
00:31:53.260 And that was the worst.
00:31:54.160 I mean, when you think of thousands of reactors around the world.
00:31:57.940 So we, you know, we should open some of these discussions.
00:32:00.100 I love Alberta being an energy powerhouse.
00:32:03.200 And, you know, instead of jealously guarding ourselves from other forms of energy coming in,
00:32:07.060 we should be looking at other ones we can embrace.
00:32:09.500 And small modular nuclear generation could be most definitely another one of those ways.
00:32:14.440 But of course, and I'll segue that in, we got to watch for a government that taxes these
00:32:18.420 businesses into oblivion or makes things unviable up here, no matter how optimistic we might be
00:32:23.500 on that.
00:32:24.500 And we've got a government that really is just determined to crush our economy, as I sort of
00:32:29.700 ranted about to kick off the show.
00:32:31.260 So we're going to talk to somebody who specializes in all those taxes and goodness, because we've got
00:32:35.080 our annual April 1st kick in the pants coming from the federal government.
00:32:38.840 And Franco Tarrazeno of the Canadian Taxpayers' Federation is going to tell us all about it.
00:32:43.360 Hey, Franco, how's it going?
00:32:44.580 Hey, Corey.
00:32:45.360 Great to be talking to you, man.
00:32:46.680 Hope you're doing well.
00:32:47.860 Yeah, good, good.
00:32:48.660 Yeah, it's been a while since you've been on.
00:32:50.480 It has.
00:32:51.220 Yeah, too long, man.
00:32:52.200 Too long since I've been back in Calgary as well.
00:32:54.360 Yeah.
00:32:54.600 So April 1st, you know, I know everybody jokes about it being April Fool's Day, but it is
00:33:00.600 also the day that the federal government really likes to kind of lay on the bulk of their
00:33:05.440 increases.
00:33:06.020 They kind of hit us.
00:33:06.540 I mean, my theory has always been people are in a good mood.
00:33:09.120 Winter's melting off, you know, summer's approaching, they're planning their vacations,
00:33:13.820 they got their tax return perhaps, and they might not be thinking about it as much.
00:33:17.740 So the government times that real swift kick at that period of the year.
00:33:20.880 What do we got going on this April?
00:33:23.760 Well, April 1, carbon tax up, alcohol taxes up, and MP pay, Member of Parliament pay, you
00:33:29.620 guessed it, folks, also going up.
00:33:32.020 Isn't that nice?
00:33:32.940 Hey, on the very same day that they take more money out of your wallet, they're going to
00:33:37.300 be stuffing more money into their own.
00:33:40.260 Now, happy to break it all down, but let's just start with the Member of Parliament pay
00:33:44.940 raise.
00:33:45.460 So right now, you have a backbencher who's collecting dust in the House of Commons.
00:33:50.880 is also collecting $194,000 salary.
00:33:54.660 You have Trudeau that's collecting a salary about $389,000.
00:33:59.440 Well, the April 1 pay raise will range from an estimated extra $8,000 for a backbencher
00:34:06.820 to an extra $16,000 for Trudeau.
00:34:10.540 So let me just tell you what that salary will be after the raise.
00:34:14.720 Backbenchers, $202,000.
00:34:17.520 Ministers like Freeland or Guibo, $299,000.
00:34:22.420 Now, I don't know why Freeland would get a raise when she can't balance the budget of
00:34:26.280 a lemonade stand, but that's another conversation.
00:34:29.000 And the Prime Minister's salary after the raise, $405,000.
00:34:34.380 Do you guys do any comparisons with, say, other comparable countries to ours?
00:34:39.940 Like, is Canada on the high side of compensation when it comes to our elected officials?
00:34:44.000 Yeah, I do remember even seeing the Hill Times do a comparison about this just after last
00:34:48.480 year's raise.
00:34:49.100 And Canada was, if I can remember correctly, one of the high ones among the G7.
00:34:54.500 I know for a long time we've also been quite high among Commonwealth countries.
00:34:59.560 But what also is unique, if I could use that word, about our federal government is that
00:35:06.680 while many other countries around the world saw politicians cut their pay during the lockdowns,
00:35:12.660 the pandemic years, like remember Jacinda Ardern, the Prime Minister of New Zealand, blast from
00:35:18.500 the past, sorry folks, but she took a 20% pay cut when the pandemic happened.
00:35:23.340 Her, her ministers and her top bureaucrats.
00:35:25.480 But every single year, since the beginning of 2020, since these tough times, MPs of all
00:35:31.780 political parties have taken a raise every single year.
00:35:34.800 So this April will be their fifth pay raise since the beginning of 2020.
00:35:39.780 So lockdowns, pandemic, job losses, business losses, inflation, housing crisis, record number
00:35:45.960 of Canadians going to food banks, didn't matter to MPs, they just took another raise.
00:35:51.620 How about some of our other high profile people like our Governor General and such?
00:35:55.900 I imagine they've got some built in lucre coming in for the year.
00:36:00.000 Yeah, well, we haven't released numbers on the Governor General salary yet.
00:36:03.840 But in previous years, yeah, pay keeps going up.
00:36:07.300 Um, another thing too, right?
00:36:09.080 Top bureaucrats, they get bonuses.
00:36:11.460 Almost every single government executive is taking a bonus every year.
00:36:16.440 It's like 90% of government executives taking a bonus.
00:36:19.240 So, you know, we hear these politicians all the time like to say, we're all in this together.
00:36:23.960 We're all in this together.
00:36:25.640 But they're not talking about you and me.
00:36:27.640 No, no, no, no.
00:36:28.520 They're talking about all 338 of them up in Ottawa.
00:36:31.960 That's who's in this together.
00:36:33.520 Because look, folks, um, all political parties, the deafening from every political party about
00:36:39.060 the upcoming pay raise, or sorry, the silence from them has been deafening.
00:36:44.460 Look at me stumble over my own words here, folks.
00:36:46.860 Um, but look, here's the thing, right?
00:36:48.900 Uh, MPs could stop the pay raise tomorrow.
00:36:51.960 Uh, they did so with like relatively simple legislation back in 2010 to 2013.
00:36:57.560 All that's lacking now is just the political will to actually stop taking more money.
00:37:02.560 Well, that's it.
00:37:03.640 And it gets me with some of those high positions.
00:37:05.400 I know we should pay them fairly well.
00:37:08.080 I mean, we want to draw people from professions that are, you know, they can bring that skill
00:37:12.020 and apply it to an elected position.
00:37:13.600 But boy, some of the ones, especially in the high profile, like the prime minister or the
00:37:17.300 governor general, because they live lives that are practically expense-free.
00:37:21.540 They're housed, their travel is covered.
00:37:23.900 They can expense virtually everything from meals to you name it.
00:37:27.780 So, I mean, their compensation is practically going straight into the bank, uh, you know,
00:37:31.800 on top of everything else.
00:37:33.080 It's such a slap in the face when they're always telling the rest of us why we got to
00:37:35.960 tighten our belts.
00:37:37.440 Well, Corey, you know, let me break down why this MP pay raise is so bad, even just beyond
00:37:42.360 the symbolism, which is important.
00:37:44.220 You need leadership, but even beyond that.
00:37:46.260 So number one, you're talking about attracting better people into government.
00:37:50.320 Well, we've been giving them raises every single year for how many years now, uh, doesn't feel
00:37:55.880 like government's getting any better, but look at the heart of it.
00:37:58.900 I might say something controversial here, but at the heart of it, I don't think we need
00:38:02.400 better government.
00:38:03.680 I don't think we need more elitists trying to control Canadians' lives.
00:38:08.120 We need less government.
00:38:09.600 We need less government.
00:38:10.940 That's what we need.
00:38:11.660 Cut taxes.
00:38:12.340 Stop spending so much.
00:38:13.300 Stop doing so much that you're doing.
00:38:15.880 That's creating all these hardships.
00:38:17.080 But number two, all these pay raises, you know, what's happened.
00:38:21.880 Our members of parliament, the people in the house of commons who are supposed to represent
00:38:27.080 us common people, they've become financially divorced from the reality that we live in.
00:38:32.800 So no wonder they're raising all these taxes, printing all these money, uh, having these
00:38:37.620 huge deficits that drive inflation.
00:38:39.420 They don't feel it like we do.
00:38:41.220 But number three, if you want to balance the budget, you've got to take air out of the
00:38:46.060 ballooning bureaucracy in Ottawa.
00:38:47.820 Okay.
00:38:48.380 And before the major union went on strike last year in Ottawa, they were pointing to member
00:38:54.720 of parliament pay raises as a reason why the bureaucrats should also take more money from
00:39:00.000 taxpayers.
00:39:01.000 So look, these MPs, they need to cut their own pay.
00:39:04.540 So they have the moral authority to force the departments to actually find some savings
00:39:10.020 as well.
00:39:11.040 Well, yeah.
00:39:11.840 And you mean, you brought up even New Zealand.
00:39:13.640 I mean, you're talking about somebody who's certainly not a conservative, who at least led by
00:39:16.800 example in that front, I'm going way farther back, uh, for some of the folks, I guess, but
00:39:21.260 that was one of the first things that Ralph Klein did before he cut and he cut the civil
00:39:26.020 service, but he cut MLA pay first and they were still well compensated, but at least it
00:39:31.380 showed, Hey, we're taking our hit before we put it on to others.
00:39:34.580 And if this federal government is showing no interest in trimming their own, uh, compensation,
00:39:38.800 then yeah, it doesn't look like they have any interest whatsoever in trimming the expenses
00:39:42.980 of the bureaucracy.
00:39:43.700 And they don't, you know, like the Trudeau government has added what, like 98,000 bureaucrats
00:39:50.600 since it came to power, a 40% increase.
00:39:53.340 Uh, I think the total increase in, in payroll for the federal government has gone up by more
00:39:58.580 than 60% since 2016 bonuses, pay raises, uh, tens of thousands of additional bureaucrats.
00:40:06.080 And we wonder why our tax bill keeps going through the roof.
00:40:09.760 And it's not even just taxes that are going up.
00:40:12.040 The debt is ballooning.
00:40:13.300 The Trudeau government has essentially doubled the entire federal debt since being in office.
00:40:19.820 Okay.
00:40:20.400 And what does that mean?
00:40:21.400 Well, let's look at interest charges this year.
00:40:24.580 Interest charges on the debt will be $52 billion.
00:40:27.840 That's the same amount of money that the federal government sends to the provinces in health
00:40:32.820 transfers in 2028 interest charges on the debt will be more than what the government collects
00:40:40.440 through its GST.
00:40:42.380 So every time you go to the store, you buy that product, you pay that GST, every penny
00:40:48.540 they take from you will be from, from the GST will be going just to pay interest charges
00:40:54.500 on the government credit card.
00:40:55.680 But, but the taxes are good for us, right?
00:40:58.560 I mean, prime minister Trudeau just the other day said, if he could just sit down with every
00:41:02.240 Canadian for five minutes, he'd make us understand why the carbon tax is actually good for us.
00:41:08.080 Maybe you can explain it.
00:41:09.420 Cause I, I'm not sure how he could convince me in five minutes to do that.
00:41:13.020 Yeah.
00:41:13.540 As if like, like it's almost insulting to our intelligence.
00:41:16.620 It's not almost, it is right.
00:41:18.480 It's, it's almost like they think like, oh, the rubes just don't understand our infinite
00:41:22.820 wisdom and how good they've got it.
00:41:24.580 It's like, no, no, no, no.
00:41:26.320 We do understand that the carbon tax makes it more expensive for us to fuel our cars to
00:41:30.980 get to work.
00:41:31.780 We do understand that the carbon tax makes it more expensive for us to heat our homes
00:41:36.020 during winter.
00:41:36.920 We do understand that the carbon tax makes every trip to the grocery store more expensive.
00:41:42.240 It's the politicians with these inflated salaries, the inflated pensions, the inflated perks who
00:41:48.080 don't understand what they're doing to the people.
00:41:50.540 And you know, the carbon tax, guess what folks going up April one.
00:41:54.040 Going up April one again, it'll cost 17 cents a liter of gas, about 21 cents per liter of
00:42:00.640 diesel and about 15 cents per cubic meter of natural gas.
00:42:04.420 And for the average Alberta family, well, the carbon tax will cost the average Alberta
00:42:08.880 family about $900 more in a year than what they get back in rebates.
00:42:14.320 And that's funny.
00:42:16.000 We just can't afford to keep pumping out.
00:42:17.760 Well, all we can do is keep shouting.
00:42:19.920 I mean, I know that Trudeau is not going to convince us the carbon tax is good, but maybe
00:42:23.360 you can convince enough elected officials that it's bad.
00:42:27.000 I appreciate you guys at the Federation holding their feet to the fire.
00:42:30.380 Where can people find more information on what you're up to, Franco?
00:42:32.360 Hey, if you guys like what we're doing, head over to taxpayer.com, sign a couple of petitions.
00:42:37.840 You can follow us on essentially all big social media platforms.
00:42:41.920 Just type in Canadian Taxpayers Federation.
00:42:44.220 If you want to follow me, just type in at Franco underscore nomics.
00:42:48.040 And Corey, thank you so much for having me on today.
00:42:50.420 I hope you have a great rest of your day.
00:42:52.460 Yeah, you too.
00:42:53.100 Thanks, Franco.
00:42:53.800 Good to see you again.
00:42:54.880 I'll talk to you.
00:42:55.360 Cheers, man.
00:42:55.880 All right.
00:42:56.760 So yes, just a reminder, guys, it's Canadian Taxpayers Federation.
00:42:59.120 And yeah, they really do.
00:43:00.500 They dig in there.
00:43:01.680 You know, some of that dry stuff.
00:43:02.980 I mean, it's economics, but it does impact you whether you like it or not.
00:43:07.020 Let the pointy-headed geeks like Franco and the others dig in there and get that and encapsulate
00:43:11.280 it for you so you can see just how badly you're taking it.
00:43:14.120 And they do a great job of it.
00:43:15.140 So check out their site, guys, the Taxpayers Federation.
00:43:18.100 Lots of resources.
00:43:19.540 And yeah, I mean, you know, the media certainly doesn't seem to be holding government to account
00:43:23.860 anymore.
00:43:24.460 So we can count on perhaps groups like the Taxpayers Federation and Franco to do it.
00:43:28.300 But I'll kind of close off with one other spending thing I, you know, we saw recently.
00:43:33.040 So the Liberal government has decided they're going to fund the UNRWA again.
00:43:37.760 You know, that's the United Nations branch.
00:43:40.760 The whole United Nations is sick.
00:43:42.240 I don't think we should be giving any money to the entire organization.
00:43:46.080 But of all of them, the UNRWA, I mean, even they had to admit most developed countries
00:43:53.440 as soon as they found out that that group, and again, it doesn't matter where you are
00:43:57.580 on, you know, the Israel-Palestine issue or whatever's happening over there, that group
00:44:02.480 was corrupted.
00:44:03.260 That group was funding.
00:44:05.260 Their employees were taking part with Hamas.
00:44:09.120 This was problematic to say the least.
00:44:11.740 In fact, most of the world was appalled.
00:44:13.720 And most of the countries in the world said, that's, we're not giving you any more money
00:44:17.080 to fund terrorist activities over there.
00:44:20.020 That was supposed to be helping people on the ground.
00:44:22.020 That was supposed to be helping Palestinians.
00:44:24.040 Well, what did we get out of Calgary here?
00:44:26.840 I mean, out of Canada.
00:44:28.440 Canada jumped on and said, yes, we're going to cut the funding.
00:44:30.380 Oh, but we already just cut the last check.
00:44:32.020 So, you know, we won't cut that one.
00:44:34.060 And then basically yesterday they said, yeah, we're going to keep giving the money again.
00:44:39.200 They never really stopped.
00:44:40.800 They never really stopped.
00:44:41.580 When we're tight on money in general, and this is when the government starts, you know,
00:44:47.280 again, no matter what side of that conflict you're on, is this where our money's supposed
00:44:51.800 to be going?
00:44:52.860 Or if you really want it to be humanitarian, there's better humanitarian groups than that
00:44:58.040 corrupted pile of crap Hamas funding group, the UNRWA.
00:45:04.540 I mean, they were tied to Hamas.
00:45:05.700 It sounds like there were teachers, of course, which were teaching children about the evils of
00:45:09.200 Jews and the usual crap.
00:45:10.600 That was through that same UNRWA group.
00:45:13.200 This government is taking our money and throwing it all over the place on interests that are
00:45:17.280 not serving us whatsoever.
00:45:19.640 That's just the latest.
00:45:21.200 It's just the latest.
00:45:22.340 We've got to get it under control.
00:45:23.600 I started the show off by kind of going on about, you know, again, our GDP per capita ratio,
00:45:30.760 which really indicates how badly down the economic toilet we're going right now.
00:45:34.600 And then we see this government that's out of control, just throwing our money away left
00:45:38.720 and right.
00:45:39.080 As Franco said, they're borrowing us over a trillion dollars.
00:45:42.260 We're talking billions of dollars.
00:45:43.600 I hate that in my household budget when you see money going away to interest payments,
00:45:47.300 right?
00:45:47.460 That's borrowed money.
00:45:48.540 That's just money flushed away.
00:45:50.140 Well, we're getting that money flushed away now.
00:45:52.020 More than we're bringing in on GST is going out in interest.
00:45:55.060 And there's the irony of the left.
00:45:56.120 Oh, we hate big corporate entities.
00:45:58.040 We can't stand those corporate folks.
00:46:00.640 Well, what do you think?
00:46:01.680 It's a mom and pop lender on the corner that's lending the federal government the money to do all
00:46:05.300 this crap?
00:46:05.720 No, this is the big financial institutions and your money is going to them in interest
00:46:09.360 rather than healthcare or any of the things you feel government should be spending money
00:46:12.700 on.
00:46:13.240 We've got some serious problems, folks.
00:46:15.020 But hey, you guys have been tuning in.
00:46:17.240 You're keeping up with it.
00:46:18.160 You know what's going on.
00:46:19.100 I like trying to keep you up to date on it.
00:46:20.740 But I have run out of time to twist your ear for today.
00:46:24.540 I'm sure we'll make things positive somehow in the long run.
00:46:26.920 We just got to keep at it and keep on them.
00:46:29.320 So thank you very much for tuning in today, guys.
00:46:31.760 Tune in tonight.
00:46:32.360 The pipeline will be on.
00:46:33.780 I'll be hosting that with a panel of a couple other folks.
00:46:37.080 And we will see you all again here next week at this time to dive into a whole pile more
00:46:42.740 issues.
00:46:43.280 Thanks again.
00:46:45.060 Canadian Shooting Sports Association.
00:46:46.940 Without the CSSA, our gun rights would have been taken long, long ago.
00:46:51.760 These guys are on the front lines helping to draft smart and intelligent firearms regulations
00:46:57.460 and legislation in Canada.
00:46:59.440 And more importantly, educating the public about how we keep guns out of the hands of the wrong
00:47:04.160 people.
00:47:04.760 We've become a member.
00:47:05.660 It's absolutely worth every penny.
00:47:16.940 We've been challenging.
00:47:17.820 Thank you.
00:47:18.760 Thank you.
00:47:19.700 Thank you.
00:47:19.880 Thank you.
00:47:22.800 Okay.
00:47:24.340 Thank you.
00:47:28.740 Thank you.
00:47:40.300 Thank you.
00:47:41.580 Thank you.
00:47:42.640 Thank you.