Western Standard - July 18, 2024


Hey Trudeau! Leave Trump alone!


Episode Stats

Length

51 minutes

Words per Minute

178.89926

Word Count

9,225

Sentence Count

541

Misogynist Sentences

12

Hate Speech Sentences

11


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode of the Cory Mendoza Show, I talk about the recent failed assassination attempt on Donald Trump and how it changed the trajectory of the 2020 election. I also discuss why the Trudeau Liberals are using Trump as a foil in their campaign and why they should stop.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 .
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00:01:00.000 Transcription by CastingWords
00:01:30.000 good day welcome to the cory morgan show as you can see the cowboy cosplay week is all over with
00:01:46.520 no more cowboy hat and western shirts i'm back to my wrinkled shirts with the bad collars and
00:01:51.660 the same old jacket i'll never be a fashion maven and nobody's ever accused me of being one good to
00:01:57.240 see you jumping in there already in the comments. Jordan, BC Prairie Girl, use those comments. You
00:02:01.860 know, it's a live show. I like to see the interaction, chat with each other, send questions
00:02:05.580 my way, my guest's way. Just keep it civil. And yeah, we can have a fun time and cover a few
00:02:10.720 issues. There's a lot to cover. Oh God, what a lunacy, crazy world we got going on. Good to see
00:02:15.360 you there, Todd. And yeah, so a guest I got coming on in a little while, Crystal Wittrongel from the
00:02:20.140 Montreal Economic Institute. She's going to talk about a column she did on the emissions caps and
00:02:23.940 basically how investment is getting driven out of Canada. Alberta, of course, in particular,
00:02:29.000 as usual. And we'll be checking in with Dave and doing a few other things soon as well.
00:02:34.000 But I'll start on what I'm going to be ranting and raving about as per the title. So
00:02:37.000 let's talk about this. So back in May, it was looking likely that Donald Trump was well poised
00:02:43.100 to win the presidential election that's coming up this fall. Now, after the debate came out in June
00:02:47.740 and exposed President Biden as a dotard with an advanced cognitive decline problem. Trump's
00:02:53.880 electoral victory was pretty much all but assured. I see now they're actually rushing to lock Biden
00:02:59.000 in as their candidate. It's such an exercise in political suicide to watch with the Democrats.
00:03:04.240 It's really something else. Not that I don't know who's going to beat the Trump machine these days
00:03:08.220 anyways. Now with that failed assassination attempt on Trump last weekend, Trump's victory
00:03:12.680 is virtually inevitable, assuming some lunatic doesn't manage to kill him before this fall.
00:03:17.740 The strength and leadership win elections more than policies do.
00:03:21.460 So while Biden can barely navigate a set of stairs or string together a coherent thought,
00:03:26.160 Trump appears more vigorous and focused than ever.
00:03:28.460 It's hard to believe they're only three years apart in age.
00:03:31.940 When Trump defiantly rose with blood streaming down his face and pumped his fist while shouting fight,
00:03:36.180 he drew more support than a thousand rallies and a billion dollars in advertising ever could have.
00:03:40.940 I probably would have been cowered in the fetal position and waiting for the Secret Service to drag me off the stage in such a situation.
00:03:47.100 Again, I'm not a huge Trump fan, but man, that was a show of strength and defiance.
00:03:51.360 You know, it's undeniable.
00:03:53.180 And with it looking so likely that Trump's going to be the next president of the United States,
00:03:56.740 the Trudeau liberals have to stop their campaign of villainizing the man.
00:04:01.100 I mean, Trudeau has been trying to present himself as the person who can prevent Canada
00:04:04.300 or protect Canada from the evil machinations of a Trump administration.
00:04:07.840 And liberals just can't stop themselves from pejoratively accusing Canadian conservatives of being Trump-like.
00:04:14.420 Using Trump as a foil to campaign against, you know, others within Canada is irresponsible,
00:04:19.020 and it's going to cost Canadians dearly if and when Trump becomes the next president.
00:04:23.440 I mean, Trump already had little use for Justin Trudeau, as most of us don't.
00:04:27.120 And if the Trudeau government continues to antagonize Trump, we can rest assured Trump's going to retaliate.
00:04:32.400 Canadians, when he takes power, they're going to get it.
00:04:35.440 He has a long memory, thin skin, and he holds grudges.
00:04:38.560 Canada has a resource-based, export-focused economy.
00:04:42.540 Now, thanks to nearly a decade of Trudeau's in-net fiscal management,
00:04:45.600 his support of mass immigration,
00:04:48.080 and his obsession with shutting in Canada's resource sectors,
00:04:50.680 the cost of living in Canada has skyrocketed,
00:04:53.020 while the personal wealth of Canadians has been in steady decline.
00:04:56.340 Now, the United States is by far Canada's largest trading partner
00:04:59.560 as they purchase over 64% of our exports.
00:05:02.700 Canada's economy would be rocked even by small tariffs imposed by the USA,
00:05:07.080 and Trudeau's campaign of insulting Trump is inviting those kinds of policies.
00:05:11.700 I mean, protectionism always sells well during campaigns in the United States.
00:05:16.180 The Democrats and the Republicans both use it as a policy plank in every election.
00:05:20.720 Trudeau's actions are only going to add personal satisfaction to Trump when he vindictively punishes Canadian businesses upon becoming president.
00:05:26.980 And don't think for a second he won't do it.
00:05:28.860 In business, a business owner doesn't have to like every customer.
00:05:32.440 A wise business owner, though, won't express their dislike to their top customer.
00:05:36.480 They shut up. They know when it's best to shut up.
00:05:39.180 When Trudeau and his ministers start taking shots at Trump, it's not just the Republicans they annoy, by the way.
00:05:43.480 People tend to rally the troops when an outsider starts poking their nose into their business.
00:05:47.680 And there's many American governors, business leaders, and other people of influence who aren't very thrilled with Trudeau's words either.
00:05:54.140 We need to be solidifying and expanding our relationship with our biggest neighbor in Al-Wai, no matter who's leading that country.
00:05:59.680 The Trudeau liberals certainly don't need to be kowtowing to Trump or any other politician for that matter.
00:06:04.660 in trade issues, they do need to show some strength, but they also need to exercise a
00:06:09.180 degree of careful diplomacy. During the next four volatile months of campaigning in the USA,
00:06:13.980 the wisest thing the Canadian government can do is just to shut the hell up about it.
00:06:17.880 Trudeau won't have an influence on the outcome of the American election, but he sure as hell will
00:06:21.140 be setting the tone for Canada's relationship with the next administration, and so far that
00:06:25.220 tone isn't good. Nuance, diplomacy, wisdom, and economic sense are all concepts that have
00:06:30.220 eluded Justin Trudeau so far. That's why the Liberals are facing an almost certain electoral
00:06:34.060 obliteration when they finally allow Canadians to vote. It's a lot to ask and expect of the
00:06:38.920 Trudeau Liberals, but if they could just lay off the attacks against Trump, it would do us all a
00:06:42.560 favor on both sides of the border. God knows Trudeau has enough to deal with at home. Maybe
00:06:47.040 he should try doing that for a change. All right, well, that's what's got me going today, and we'll
00:06:52.560 see how that goes. I'm sure he won't shut up, but we can at least ask, right? All right, well, let's
00:06:57.980 see what else is going on out there. We have in studio our news editor, Dave Naylor. How's it
00:07:01.960 going, Dave? Oh, easier than a one-armed paper hanger. It's just crazy, isn't it? This last
00:07:06.940 week. You don't have to search for things to put in there now. You just have to curate and figure
00:07:11.420 out what's the best. But obviously our viewers and listeners are interested in your health after
00:07:19.220 your recent medical procedure. I understand you're having some uncomfortable Uber business.
00:07:26.320 There has been. Yes, as some folks know, I drive Uber in my spare time. I like it. I enjoy it. It
00:07:30.820 gets me out i talk to people and as others might not know yes i had recent surgery on my left butt
00:07:35.020 cheek and it's very very uncomfortable still it's recovering but i have a big pillow on the front
00:07:39.320 seat of my car and when i get in and out to get people luggage and things they see me easing in
00:07:43.180 slowly into my seat and so on looking at that pillow and all i can imagine is they're thinking
00:07:46.300 this driver's got to be loaded with hemorrhoids or something but it stunts the conversation for
00:07:51.440 the ride maybe it'll get me some sympathy tips though there you go that's all you can hope for
00:07:54.760 yeah uh so as mentioned uh very busy uh morning uh today cordy we're leading off to side right
00:07:59.940 Now, with an interesting story, actually, out of Lethbridge, there was a big motorcycle charity run there on Saturday.
00:08:06.360 And there's a group called the Commandos Motorcycle Club.
00:08:10.160 And they're a group of veterans and former soldiers who get together, ride motorcycles and raise money for charity.
00:08:18.120 Now, they are not the Hells Angels or the Banditos of the world.
00:08:23.120 They're not an outlaw motorcycle gang.
00:08:25.420 But Lethbridge does have a bylaw that allows police officers to remove patch-wearing bikers from drinking establishments.
00:08:36.540 So these 35 poor members of the commandos were in a local bar just drinking soft drinks and food, and the cops arrived and said, get out. 0.97
00:08:47.140 So they're defending their action on that.
00:08:50.300 Another fun story out of Vancouver Island where a burgeoning couple decided they would go to the Coldplay concert in Vancouver.
00:09:00.180 And I guess that's where things sort of started to go, fell apart, where the gentleman asked the girl to pay her share.
00:09:08.520 And she thought, oh, no, it's a date, you're paying.
00:09:11.420 Well, he took her to court and actually won.
00:09:13.860 So we've got a complete list of exactly what he spent on the date, including 63 bucks for Smitty's.
00:09:22.780 I don't know what you can spend on Smitty's for 63 bucks.
00:09:26.460 Tons of fallout, obviously, from the Trump assassination attempt.
00:09:30.540 We've got Lee Harding with an interview with a former top Mountie who describes it as, quote, a colossal cock-up, quote, the Secret Service actions.
00:09:40.200 And we got our Mike Thomas putting together all the Secret Service sort of excuses, including the lamest one ever, was that they didn't put a sniper up there because the roof was too slanted.
00:09:53.800 And it's not. It's not.
00:09:55.980 So we got all that stuff to come.
00:10:00.300 Our Linda Slobodian's got a great column. 0.97
00:10:02.620 On Boxing Day, there was a machete attack at the Calgary Zoo with an indigenous guy stoned on fentanyl, going around trying to slash people and kill people at the zoo.
00:10:16.540 Well, he was sentenced this week to basically time served.
00:10:21.340 And Linda's got an exclusive interview with the victim, who was one of the victims who was slashed.
00:10:26.580 And she says, look, this was a hate crime.
00:10:28.920 This is being ignored by the justice system.
00:10:31.160 and, you know, she didn't even get to see the guy in court, really.
00:10:35.840 Yeah, I remember that one when it happened, actually.
00:10:37.700 It was quite terrifying.
00:10:38.960 I haven't got a chance to grab Linda's column yet.
00:10:41.040 I imagine she might have pointed out it was probably a Gladue case.
00:10:45.200 Yes.
00:10:46.280 And even the victim has sympathy for the family,
00:10:50.620 saying, you know, his mother looked bedraggled and, you know, he's...
00:10:55.020 But, yeah, you know, hopefully they can rehabilitate him.
00:10:59.160 Some idiot last night in Edmonton was waving around a replica handgun.
00:11:04.240 And you know what happens when cops see that.
00:11:06.680 They shoot them.
00:11:07.840 And that's what happened.
00:11:08.860 And he's now in critical condition as ACERT investigates.
00:11:12.860 And DEI in the United States in full retreat.
00:11:18.260 This is a week or so after a major tractor company cancelled all their DEI stuff.
00:11:23.360 We now know that Microsoft has also done the same thing,
00:11:26.840 firing their entire DEI team, and John Deere capitulated after about only a week of internet
00:11:35.440 pressure. They have now said they're going to concentrate on selling tractors and not sponsoring
00:11:40.840 pride parades. So that's some good stuff in the States. I just want to mention one more Linda 0.72
00:11:47.400 column that actually came in yesterday. You remember she broke the story on the 14-year-old 0.72
00:11:52.620 who is dancing in trans bars in Edmonton
00:11:55.920 and the kid is autistic mentally
00:11:58.440 and her mom's just pushing her to do this. 0.86
00:12:01.740 Well, the people who are hosting the Burnaby Pride Day
00:12:04.160 this Saturday have hired her as the main headliner. 1.00
00:12:09.000 So they're going to bring in this poor 14-year-old girl 1.00
00:12:11.300 who's going to be dancing in front of lecherous perverts. 1.00
00:12:15.660 So that's a great column from Linda too.
00:12:17.960 So coming up on the website this afternoon,
00:12:21.100 We'll have the latest on that big storm in Toronto yesterday, including some incredible footage of flooding in Drake's mansion.
00:12:29.740 It looks like they just opened the front door to a river.
00:12:33.460 And I understand our business expert, Sean Polzer, will be joining you again today.
00:12:38.340 I'm sure he can fill you in more on all the DEI stuff.
00:12:41.440 Great. Well, yes, there was quite a list to cover, and I know you've got a whole whack more.
00:12:45.240 So, well, thanks for the update, Dave.
00:12:47.500 I'll let you get back to your desk there to keep sifting through these news stories and getting them out there.
00:12:53.020 Pleasure as always, Corey.
00:12:53.920 Right on.
00:12:54.420 Thanks, Dave.
00:12:55.480 It's always nice to talk to Dave in person in the studio, look him in the eye and see if he's being truthful about those stories or not.
00:13:01.480 Yeah, some of them are just beyond the pale and it finds, you know, almost to be too hard to believe.
00:13:06.340 And as he pointed out, yeah, Linda wrote on that with that 14-year-old who has been out at strip bars.
00:13:12.000 you know, this whole issue just gets so insane. The activists, the lunatics, like I couldn't care
00:13:19.800 less about drag shows. Calgary's had them for decades. I remember back in the 90s, there was 0.99
00:13:24.880 a bar in Calgary called Boys Town, I believe it was, and they had weekly drag shows. They get out
00:13:29.600 there, do their thing, have a good time. Good for them. Right on. Have fun. I don't care. And most
00:13:33.520 people didn't. But it's just the activists have to keep pushing the envelope, pushing the envelope,
00:13:37.200 pushing the envelope. And the problem, the line, the issue that people have now, this is a fort
00:13:41.900 13-year-old autistic child doing sexualized shows, not just in drag. This has been covered. If you
00:13:47.780 want to research it, the videos that were posted with Linda's stories and so on, she's performing 0.69
00:13:52.720 strip teases at 14. Ironically, you know, if a straight 14-year-old girl was put on a stage in 0.99
00:14:00.140 a strip club, the police would be in there arresting the sick buggers who are sitting around 0.65
00:14:04.260 watching her and whoever put her on the stage in the first place. But they're terrified when it 1.00
00:14:08.760 comes to drag, suddenly, somehow, this becomes above the law. No, it's not. And it's really,
00:14:15.300 really deranged. I don't know what kind of person wants to sit and watch a 14-year-old doing a
00:14:20.280 sexualized dance and striptease like that, but we're putting up with that. And unfortunately,
00:14:25.620 these sorts of things end up inflaming the intolerant, and then you get backlash against
00:14:30.280 the other drag shows that where people were just having fun, where they were grown adults doing
00:14:34.980 their thing in a private venue where they should have every right to do so. We've got to draw a
00:14:40.340 line in the sand with the activists. It's the activists who push the line so far that nobody
00:14:45.120 can handle it anymore. So I noticed Jordan asking, you know, why doesn't Linda come on? By the way,
00:14:50.920 yeah, I've had Linda on in the past a couple of times. She's out in Manitoba. She just much 0.53
00:14:55.840 prefers writing. As you can see, she's very prolific. She covers a lot of things and she's
00:15:00.300 been at it a long time rather than coming on the shows. I've had her on. She likes to chat now and
00:15:04.360 then on the shows, but she's not big on coming onto these live sorts of things. It's not everybody's
00:15:09.340 bag, you know, doesn't love listening to the sound of her own voice as much as I do, where I can look
00:15:14.000 forward to doing this every week and babbling at you. But rest assured, Linda, I'll keep breaking
00:15:18.600 those things and writing on them. This is my last, you know, reminder to remind you the reason Linda
00:15:22.920 can do that, Dave can do that, Jonathan Bradley's putting out those stories, Jen, all of those folks
00:15:27.880 we got all over the place. We're one of the busiest newsrooms in Western Canada, actually a physical
00:15:31.800 newsroom is because you guys have subscribed. So, hey, if you haven't subscribed yet, get out of
00:15:37.220 there, guys. Westernstandard.news slash subscription will get you past the paywall.
00:15:41.660 $9.99 a month, $100 a year, just like a newspaper subscription. And it keeps
00:15:45.200 all these reporters running so that you can have a news source and doesn't take a penny of your tax
00:15:50.080 dollars. Very important. Point of principle and just a point of being responsible. All right,
00:15:55.220 let's speak to somebody else who's got a responsible viewpoint on things. It's been
00:15:58.400 a while since we've had her on. She's been on before though. Crystal Witt-Wrangl of the Montreal
00:16:02.460 Economic Institute. She recently gave us a column on emissions caps and energy use. Hi, Crystal.
00:16:08.200 How are you doing? Hi, I'm great. How are you today? Oh, good, good. I've got lots of ranting
00:16:12.180 and raving in me, but I'll let things cool down so you can explain more in the, you know, the
00:16:17.220 column and what you, I guess, expressed. I mean, you talked to, it was entitled Friends Shouldn't
00:16:23.320 let friends buy natural gas from bad places. And you spoke though at length on, I guess,
00:16:29.140 the emissions caps and how investment is really getting pressured on Canada's energy sector.
00:16:34.840 Yeah. So last year, the government had proposed, the federal government had proposed a cap on
00:16:40.980 emissions for the oil and gas sector to cap them between 30 to, or sorry, 35 to 38% below 2019
00:16:49.660 levels. So essentially, it's a cap on production is what the column is about. And it really just
00:16:57.180 talks about how we as a global economy are going to see increased demand for oil products, oil and
00:17:06.480 gas products through 2030 and beyond. And if Canada is not willing to allow our product to
00:17:15.040 market, our product being the responsibly produced oil and gas, you know, done with very high
00:17:20.800 environmental regulations, somebody else will. And we've seen that happen in the past couple of years
00:17:26.960 where Japan and Germany and Greece have all come to us as Canadians and said, you know, we want
00:17:33.620 your resources. And when the federal government turned down Germany, they then struck a deal with
00:17:39.080 Qatar. So it's not that oil and gas production is globally just going to cease. It's still 82%
00:17:45.940 of energy use. It's just going to be done elsewhere, much to the hurt of Canadians.
00:17:53.940 And for what gain really, because the emissions are still going to be there and likely going to
00:17:58.820 be increased because they're coming from places with less environmental protections than we have
00:18:04.120 year. Well, and as well, some of those producers are often a little less than friendly with human
00:18:09.380 rights protections and labor restrictions as well. I mean, Canada is one of the most ethical
00:18:14.440 producers in the world, yet we're the ones punishing ourselves the most often for what
00:18:18.220 we're doing. Exactly. And the oil and gas sector employs over 700,000 people in this country,
00:18:25.680 which accounts for 12% of our GDP. So this is a huge sector. In Alberta, of course,
00:18:31.800 we're going to feel it most heavily when the cap on production ultimately comes in the government
00:18:37.880 is saying this isn't a cap on production this is a cap on emissions but we found last year that
00:18:43.800 this is a cap on production and deloitte has now released a report saying it will be a cap
00:18:48.200 on production and in alberta alone we're looking at 54 000 job losses by 2030 linked to this
00:18:54.280 emissions cap so we're going to feel it we're going to feel it hard and for what benefit really
00:18:59.480 I think a more broad discussion needs to happen about global emissions, and not what Canada can
00:19:06.360 do to reduce our local emissions, if we're just contributing to a increase globally.
00:19:12.880 Yeah, well, and it's just the attitude has caused an investment chill. I mean, the stats you put,
00:19:19.620 it's staggering how much investment in the energy sector has plummeted from 2014 until 2023. I mean,
00:19:27.180 this is all started prior to the emissions cap. But I mean, this is the investment community
00:19:32.120 responding to signals from the federal government saying that they're not going to allow future
00:19:36.020 production, essentially. Exactly. And further, if this emissions cap does go in, by 2030,
00:19:42.600 there's going to be a $75 billion less investment than there would have been by 2030. So we're
00:19:49.880 seeing already there's a huge hit in the investment community up to now, it's only going to get worse.
00:19:56.240 and investment certainty is a big part of it when it comes to the regulatory environment.
00:20:01.600 And if there's this pancaking of policies, one on top of the other on top of the other,
00:20:06.560 which we do see when it comes to climate change and emissions regulations is just
00:20:11.520 policy after policy. There's very little certainty around that and it's very complex. So
00:20:18.240 it's become this very murky environment for investors. And quite frankly, I don't blame them.
00:20:23.680 Well, and, you know, some of the, well, the Canadian circumstance, the irony is two things.
00:20:30.100 I mean, for one, oil and gas generate a heck of a lot of revenue for Canadians everywhere, not just in Alberta.
00:20:36.160 It's a massive part of our GDP.
00:20:38.440 And as well, we end up having oil and gas imports coming in on eastern Canada while we're having difficulty getting our product to market in the West.
00:20:48.140 Again, due to a government that just doesn't allow us to build the infrastructure to move it around.
00:20:52.860 exactly yeah and so that's been a huge problem and it will just continue to become a problem
00:20:58.700 especially as global demand continues to increase and when our allies and these other countries are
00:21:03.820 trying to get off of the oil and gas supplies from places like russia or or other nations that have
00:21:11.740 really just atrocious records when it comes to like you mentioned human rights and other things
00:21:17.280 It's really a constant question of what we're doing.
00:21:21.800 We're missing the forest for the trees is really what's happening here.
00:21:26.300 So, I mean, I know it's difficult.
00:21:28.580 You guys, you know, put out your reports.
00:21:30.040 You try to stay nonpolitical, which is fair enough.
00:21:31.900 But there's a good chance we're going to have a change in governments coming in, you know, in a year and change perhaps that would change the investment environment.
00:21:41.560 Do you feel that some of this damage could be undone at least?
00:21:45.480 I think there's going to be a lot of work needing to be done under any government when it comes to
00:21:51.320 this regulatory environment and providing some level of certainty to investors. There's been
00:21:56.760 just change after change constantly, which a lot of these huge, what am I looking for, like CCUS,
00:22:05.880 for example, that are plugged onto existing facilities, they're lacking in the ability
00:22:11.320 to continue on and grow and get get more online because of the investment environment and so any
00:22:19.160 government is really going to have to do quite a heavy job of telling investors and proving to
00:22:25.240 investors what can be done in this country and what won't be undone you know in four to eight
00:22:32.440 to ten years because these things take long long amounts of time so uh if we want to be able to
00:22:38.840 move forward and actually do our job in reducing emissions globally we need some level of certainty
00:22:45.000 here and and whether that's under the current government or a future government it's definitely
00:22:49.560 should be a priority well and something else you mentioned in the column is is ottawa is not really
00:22:54.680 trumpeting the amount of progress the industry has made in reducing emissions i mean presuming
00:22:59.080 emissions are a problem fine the canadian industries have actually been doing very very
00:23:03.320 well in reducing the emissions but they're not getting no credit for it they're still just
00:23:06.520 constantly get accused of being environmental monsters yeah exactly so the efficiencies in
00:23:13.240 this sector have been really really impressive we've reduced the emission intensity per barrel
00:23:20.280 of oil so how many emissions are being released per barrel of oil quite substantially and and
00:23:27.000 overall as well so there is a lot of work that has been done and this has been done because these
00:23:32.280 companies and you know these investors believe in this and they believe that we do have a part to
00:23:37.960 play in you know reducing emissions and so continuing to innovate to be able to do that
00:23:43.960 is very important which is where some of that investment comes in as well i just mentioned
00:23:48.760 um with ccus for example like carbon capture is has a lot of potential but it is not yet at the
00:23:56.600 level that can make these huge great big you know changes that the government is really saying they
00:24:03.320 should be able to do and to be able to get there we need the investment and the companies that
00:24:08.840 invest in this sort of thing are those who are producing and exporting and that so if they're
00:24:14.680 not able to be investing we're not going to get that forward momentum in that area either so future
00:24:21.560 emissions reductions and intensity reductions are going to be quite you know
00:24:28.600 yeah yeah and it's not just uh you know as you kind of point out it's not just a domestic
00:24:34.520 uh market or or the international market to purchase our products it's the investment
00:24:39.160 market that's international that people have to realize people are looking to get a return on
00:24:42.920 their dollars whether they're in the united states or europe or their pension funds and
00:24:46.520 if they can't get a good return here they're going to take it somewhere else and they have been
00:24:52.760 exactly and even the emissions back to the emissions coming from somewhere else like
00:24:57.000 if we look at british columbia so when that province instituted its carbon tax back in 20
00:25:03.160 or 2008 sorry the market share for imported cement which is very emissions intensive
00:25:09.480 went from six percent to forty percent so they didn't reduce their emissions that stem from
00:25:14.840 cement production they just exported the emissions in terms of where the cement was coming from so
00:25:21.240 we lost that market share so that's what's going to happen here with oil and gas is we're going to
00:25:25.640 see a lot of it exported and emissions intensity grow because these other countries don't have the
00:25:31.160 same sort of rules regulations and checkpoints that we already do and pride ourselves on so
00:25:37.640 yeah it's it's quite a conundrum and it's uh quite a headbanger for for most of us here yeah well
00:25:44.200 Well, some of the ethical case that could be made, I mean, as you sort of pointed out,
00:25:48.460 India, China, I mean, these are high emitting countries. They still burn a heck of a lot of
00:25:52.600 coal. If they could get cost effective liquid natural gas, they would be more than happy to
00:25:57.480 use that. And it's of a lower emission intensity than the coal. But we got to make that case to
00:26:02.340 Canadians because we get demonized for the natural gas as if it's a bad thing. I mean, maybe
00:26:06.340 use the word mitigate. I mean, we can mitigate when it comes to addictions and drug use. Well,
00:26:11.140 can't we accept the mitigation of harm when it comes to fuels exactly countries around the world
00:26:17.380 like you mentioned china and india are looking to reduce their emissions footprints as well
00:26:22.420 it's not just canada and one of the easiest ways of doing it is to get off of coal and transition
00:26:27.700 away from coal and onto natural gas so by being the fourth largest producer of natural gas canada
00:26:33.620 is well positioned to help these countries get there and overall reduce the amount of global
00:26:40.100 emissions. So our regulations are more stringent. Our product, product being natural gas, is cleaner
00:26:47.320 and burns less emissions. So it's a win-win across the board and without hurting the Canadian
00:26:52.320 economy to the extent that we're talking about here when we're talking about such a huge hit
00:26:57.280 with this emissions cap. Yeah, well, I mean, if we can get the word out, I think there's a lot
00:27:02.640 of misconceptions with a lot of Canadians, I think, often outside of the West. It's not necessarily
00:27:06.140 their fault, perhaps they're not getting the whole picture. And that's a lot of what you guys have
00:27:09.260 been doing with the Montreal Economic Institute. It really is appreciated. It's a tough slog and
00:27:13.520 you're getting it out there. So before I let you go, where can people find your work and get this
00:27:19.300 stuff out to other folks who need to hear and read it? Yeah. So we are online at www.iedm.org
00:27:28.120 and all of our studies, commentaries, you name it, you can find it there and the wide range of
00:27:34.280 issues, energy and environment being one of them, definitely. Yeah, and despite the name,
00:27:39.080 it's not just Montreal-centered, you're covering national issues.
00:27:43.920 Exactly. I'm here in Calgary, so we are very much a pan-Canadian think tank at this point.
00:27:50.780 Excellent. As we saw with the Western Standard, you get some columns and op-eds out there as well,
00:27:54.920 so I really appreciate you guys fighting the good fight for us out there and for your coming on
00:28:00.640 today to talk to us about it. Yeah. Thank you so much for having me. It's always so much fun
00:28:04.620 chatting with you. Great. Thanks, Crystal. Hope we get to talk again soon. You bet. Thanks.
00:28:09.480 So yeah, guys, look that up. There's a lot of great resources and a lot of articles and things
00:28:13.320 from Crystal and others at the Montreal Economic Institute. Look it up. It's well worth it. So,
00:28:18.880 you know, some of the questions that came in, and it's interesting from Jordan actually
00:28:22.480 talking about with the natural gas, with the export of it, what would it do for our domestic
00:28:28.640 prices? Not much on domestic prices, because it's basically when it comes to domestic prices a lot,
00:28:35.980 it's on the world gas prices. So if anything, it might reduce it a little bit, because when you're
00:28:41.100 adding more to the markets, you might reduce the world price a little bit. And that'll take your
00:28:45.980 gas bill down a bit. The problem we have in Canada, with a lot of our natural gas, our energy, our
00:28:50.560 bills, when you look at your bill, the gas itself is just a small part of it. It's all the add-ons
00:28:56.260 and extra costs and taxes and garbage that makes it so bloody expensive. And as you were saying,
00:29:04.280 wouldn't it increase our prices if Asian buyers are upping the bids? No, it wouldn't, because 0.99
00:29:09.840 they're already bidding on all the energy they can. So as long as we're adding more product to
00:29:15.060 that market, it should stabilize or even possibly reduce world prices. But like I said, a lot of our
00:29:22.180 issue domestically isn't the world price that really costs us. It's all the rest of the garbage
00:29:26.980 and add-ons and stuff from the government that makes everything so costly and unaffordable,
00:29:32.920 which is so ridiculous when we live in an energy capital like Canada. You know, I was talking to
00:29:37.240 somebody the other day. I spent four winters working in the Arctic on oil and gas programs
00:29:43.440 up there in exploration. There are, look it up, in the Northwest Territories and a bit into the
00:29:47.960 Yukon, even by Eagle Plains and areas, there are thousands of capped wells. They've been doing it.
00:29:52.180 since the 60s up there. They've pretty much stopped it all now because the McKinsey pipeline
00:29:57.480 got stunted and held up by the Berger Commission in the 70s. And they've sat on it. And eventually
00:30:03.440 the price of the pipeline got so high. The government approved it a few years ago, say,
00:30:07.820 okay, we're finally going to let you guys do it. And it had gone up, I think, from like 2 billion
00:30:12.080 to 14 billion. And the partners in it said, it's not worth it. And they left it there.
00:30:17.280 We have another Alberta worth of oil and gas sitting up there. It's just sitting up there,
00:30:21.300 guys. They're taking it out of the ground, but we know it's there. We've done the seismic. We've
00:30:25.620 done the exploratory drilling. The work is done. It's there. But we're living under this absurd
00:30:31.700 myth that we can replace oil and gas as fuel sources. Lunatics like Trudeau and Gilbo really
00:30:41.000 think that we can just somehow snap our fingers, shut off oil and gas, and we will just magically
00:30:46.620 switch to other sources of energy. All it will do is cause a catastrophe economically and humanly.
00:30:53.820 I mean, we can't live without energy in Canada. We will freeze to death, but they don't, these guys
00:31:00.160 aren't bound by logic. They aren't bound by common sense like that. So they are perfectly fine
00:31:06.420 leaving all of that abundant energy up there untapped because they just think we're all going
00:31:11.620 to go solar soon anyways, or have little windmills or other little magical areas, you know, unicorn
00:31:16.460 piss and the laughter of children is somehow going to turn the lights on in your house.
00:31:20.260 It doesn't work that way. And Jordan pointing out again, more nuclear. He said, yes, nuclear is
00:31:25.620 another option. Saskatchewan has a lot of uranium resources. Nuclear is very capital intensive to
00:31:32.600 get up and running, but once it's going, it does generate energy and it doesn't have emissions.
00:31:37.700 Yet the environmentalists hate that too. This is some of the logic we've got to realize,
00:31:41.660 or we got to push back with these environmentalists is that we'll never pacify them. We'll
00:31:46.300 never make them happy. They are like trying to ration with a street preacher who's screaming
00:31:53.560 and raging on a street corner about their whatever faith that may be. You can't reason
00:31:58.000 with them. They're nuts. They're nuts. Anybody who thinks we can just shut down oil and gas,
00:32:02.580 they're crazy. They are immune to logic and reality. Listen to David Suzuki sometime. Listen
00:32:08.480 to Justin Trudeau. I don't suggest that. I mean, you don't want to stab yourself in the ear with a
00:32:13.040 pencil if you listen to Justin too long. You know what I mean. But that's what's good coming out of
00:32:17.380 the Economic Institute. We'll try to get to the rational people. Talk about it. Emissions have
00:32:22.020 been reduced with conventional energy. We have excellent controls in place, and we're getting
00:32:26.280 better and better with it. Brenda Cutran? But yeah, either way, Brenda, yeah, I've seen a lot 0.94
00:32:33.920 on X there, says, you know, it takes so much energy to produce batteries, solar, and wind. Yeah, and
00:32:37.300 it's absolutely right. Like they, they act as if these renewables have no footprint. They act as
00:32:43.500 if it doesn't take any resources from somewhere else to build these other energy sources, which
00:32:47.780 by the way, are intermittent. So we need to get that messaging out there. Hopefully the rational
00:32:54.100 people will catch on to it and we can go with that. I mean, if it gets there, if the energy
00:33:00.140 sources get there, people will switch. I will, you know, I've talked about that before. I think
00:33:05.420 I mentioned on the show, I got a beat up old lawnmower I use at home at the acreage. I need
00:33:09.540 my exercise. So I hand mow and push that thing around and everything. And it's getting older
00:33:15.320 and older. It's a gas powered one. One of these days, it's going to blow up on me. I'm using it
00:33:19.340 as long as I can get away with. You know what, when I do switch, I'm going to go with one of
00:33:23.000 the rechargeable electric mowers. Not because I'm trying to save the world, not because of
00:33:28.120 reducing emissions or something like that. It's because it's come to a price point now
00:33:35.160 on those mowers and they hold the charge well enough that it's worth me having it out there
00:33:41.460 and using it on my lawn. That's all. It's worth it. So I'm going to go with it. I don't need to
00:33:46.540 be forced to it though. I don't need a gun to my head to do it. I'll do it when it makes financial
00:33:50.360 sense to me and it becomes practical. And people will do that if and when electric vehicles get
00:33:55.860 that way or solar powering and things like that. They will get there. Just leave them be.
00:34:00.340 if the product becomes good enough, people will switch. Commenter sleeping
00:34:03.960 lion is saying, are you saying street preachers are irrational? No, I'm saying
00:34:08.340 they're batshit crazy. They're beyond irrational. And
00:34:12.280 if you've gone to a corner and listened to some of them, they're nuts. But hey, they have the right
00:34:16.400 to be nuts. They have the right to stand on a corner and spew out whatever loony
00:34:20.240 interpretation of their religious texts they have. I do
00:34:24.400 believe in their right to do that, but I have the right to call them out as the kooks that they are.
00:34:28.980 So yes, I'm not typically big on street preachers. 0.98
00:34:32.160 And you know, you don't want to get me going on Pawlowski.
00:34:34.820 I've gone on about him before.
00:34:36.640 Again, the guy was ill-treated, but he's still a nut.
00:34:40.720 And I will say it when that is the case.
00:34:43.620 Yeah, Brenda's saying, switch to a battery mower. 0.70
00:34:45.300 The battery didn't last two years.
00:34:46.580 Okay, well, that's unfortunate.
00:34:49.080 The newer ones, from what I've gathered, tend to go better.
00:34:51.080 I mean, I think of it like 10, 15 years ago.
00:34:53.400 Would you even have considered a battery-powered skill saw?
00:34:56.220 where a battery powered, even the drills and that, I mean, you'd see them as a convenience
00:34:59.600 around the house, but you wouldn't see contractors using them. They were still plugging in,
00:35:02.720 but they've gotten good enough that again, the cost and the practicality and the rest,
00:35:08.200 they've switched. Either way, just let the market decide it. Quit trying to do it through
00:35:13.640 regulation. We'll get there. Now, speaking of markets deciding things, this is a great story
00:35:19.080 to get into as well as we get into business things. I've been watching. So Elon Musk,
00:35:24.900 you know boy he sees it if you talk about that term that was kind of trendy for a little while
00:35:28.400 disruptor was one of them right and musk is a disruptor and he certainly shakes things up i
00:35:34.160 mean it's easy to be a disruptor when you got you know hundreds of billions in the bank to play with 0.62
00:35:38.260 and uh he just likes to get out there and poke the stick in the ant's nest and and with what he's
00:35:43.580 done with x has been fantastic the left all predicted it would fail years ago when he bought
00:35:47.180 it and it seems to be flourishing so far but but now he's doing what so many other people and
00:35:52.700 businesses are doing in the United States, and they do all around the world. When we're talking
00:35:56.000 about, it kind of ties into what I was talking to Crystal about before too, is that capital will
00:36:02.480 move to better locations, you know, if you let the market do it. Musk, he'd already moved Tesla out
00:36:09.200 of California. I guess California has gone nutty. It's gone way off to the far left under Gavin
00:36:16.080 Newsom. They've been punishing their businesses. The city's like, man, it's a tuberculosis ward
00:36:20.780 in here or something going on today. But either way, it must be that global warming causing
00:36:28.060 something. He's now moving SpaceX and X. The headquarters of those are going to Texas. And
00:36:34.580 we're seeing that all around the United States, actually. Migration out of California, out of New
00:36:40.700 York, they're leaving. I mean, new immigrants are coming in and moving into these areas. 0.99
00:36:44.860 but interstate migration from professionals, from companies, they're leaving and in the hundreds of
00:36:51.320 thousands. And it kind of bodes really terribly for California. California is in dire, dire
00:36:57.200 condition. It's making me think of, you know, a North American Venezuela. When you look at it, 0.99
00:37:03.060 California's got everything. I mean, they got beautiful weather. They got some great agricultural
00:37:07.440 businesses. They had the tech sector. They had oil and gas. They have Hollywood. They have
00:37:11.960 all of this stuff down there, and they've blown it. Their policies have been so horrible that
00:37:17.840 people are fleeing. They are leaving. And what the problem is, when the productive leave,
00:37:23.640 what's left behind, tends not to be the cream of the crop. I've talked about that when I worked
00:37:29.640 in Steubenville, Ohio, for example. That was an area that's in the Rust Belt. It was really,
00:37:33.620 really booming back from the 30s all the way up until the 80s, when basically a lot of factors
00:37:41.260 came in and these smaller cities and so on that produced iron and had foundries and everything
00:37:47.920 were all crashing. So Steubenville, I think it peaked at like 120,000 people. It was down to
00:37:53.140 something like 20,000 when I was working there. So you had this weird ghost town. They had like
00:37:58.160 20 story art deco buildings downtown, yet you had this almost bomb blast zone outside in the inner
00:38:04.120 area where all the houses had just been dilapidated and bulldozed down. And then there was a bit of a
00:38:08.080 college a little farther outside of their university that was doing okay. But there was a
00:38:13.820 rough, rough town. The thing is, the people who had ambition, the people who had skills, the people
00:38:19.840 who were marketable, they left. They left 30, 40 years ago. But the people left behind, a lot of
00:38:27.100 them were lazy, unskilled, troubled, and they dominated the area. And there's one thing that
00:38:32.620 even the most unskilled and lazy people can do is breed. So yeah, you know, those households are 0.99
00:38:38.040 full of more and more people and you're getting generations of more socially and economically
00:38:42.660 dysfunctional people layered on more and unfortunately that beautiful little city
00:38:46.280 is really really a rough spot to go we're watching the entire state of california start to do that
00:38:50.920 now and it's going to be interesting to watch where that goes in the next decade because it's
00:38:54.620 a lot easier to drive out resources than to bring them back in and it's really actually quite sad to
00:39:00.040 watch because it is a beautiful state in a lot of ways but they've really just just devastated it
00:39:04.820 with, well, like Venezuela, socialism and stupidity. All right. Well, let's get on to
00:39:09.580 somebody who's not so much into socialism and I haven't found it to be too stupid. Sean
00:39:12.560 Polzer's in here. If we can catch you between sneezes and give us an update on the business
00:39:20.700 world. Excuse me there. A little bit of the allergy. Well, I put on some ragweed today
00:39:27.320 before I came into the studio. That must be the reason. So either way, Sean writes for
00:39:34.680 western standard on our business and energy uh files and among other things uh what's topping
00:39:39.880 the stories sean well uh we've got john deere oh yes so um if you recall a couple weeks ago
00:39:48.520 uh there was uh us uh i guess farm retailers the farm walmart uh tractor supply i don't know that
00:39:57.240 they actually sold tractors but uh for canadians it's like a version of canadian tire you know it's
00:40:03.320 It's not just tires so much.
00:40:04.680 It's kind of a generalized hardware and, yeah, they're really nice storage tractor supply.
00:40:08.960 In the smaller towns in the U.S.
00:40:10.960 And then so they kind of capitulated to an online campaign, activist campaign, to revoke some of their DEI and green energy and woke, you know, inclusion policies.
00:40:29.960 and they said they were going to focus more on veterans and farm groups like 4-H
00:40:34.580 and kind of a little more of their core constituency.
00:40:38.040 So these same folks, they went after John Deere, which actually does make tractors.
00:40:42.500 So John Deere is one of the oldest publicly traded companies in the United States.
00:40:47.660 It goes back to about 1837.
00:40:50.680 You know, it predates Canada.
00:40:52.400 Yeah.
00:40:52.760 Yeah. So anyway, today they issued out a statement that they are going to abandon some of these policies as well to kind of focus on their core constituents.
00:41:05.760 So this idea that somehow the customer is always right.
00:41:09.940 And, you know, it's not just these groups lobbying that you think to a degree, maybe some shareholders are finally speaking up to me.
00:41:17.280 They're saying, hey, I bought stock in your company to make money.
00:41:20.160 I bought stock for you to give me a return on my investment, not to go out funding and taking part in these, you know, DEI hires and programs and things like that.
00:41:30.640 There's got to be internal pressure we probably don't see as well.
00:41:32.940 Well, absolutely.
00:41:33.740 And I think the poster child for the whole thing is Bud Light, you know, Dylan.
00:41:38.380 And knowing your market, right?
00:41:40.020 If you're running a little trendy coffee shop, by all means, dive into that.
00:41:43.740 This is Bud Light.
00:41:44.480 This is the rodeo beer.
00:41:45.880 They don't.
00:41:46.460 The rodeo beer.
00:41:47.780 Exactly.
00:41:48.180 you know, uh, UFC. So, you know, they, they're trying to go back to UFC and, uh,
00:41:53.680 resign some of the NFL and, you know, those kinds of motto sponsorships and
00:42:00.440 kind of undo some of the damage that they've done. So I think there's a, you
00:42:04.340 know, like once bitten, twice shy kind of mentality among the biggest
00:42:08.580 marketing flubs since the new Coke, the new Coke, I'm old enough to remember.
00:42:15.980 um we've got a tale of two pipelines so we've got uh keystone xl and we've got trans mountain
00:42:25.220 so uh trans mountain as everybody knows was uh the government funded boondoggle that was about
00:42:30.840 35 billion dollars or you know 30 billion dollars over budget but now that it's up and running
00:42:36.840 it's uh shipping oil to uh north korea japan china and this thing has taken off like gangbusters and
00:42:44.380 And, you know, the prices that we're getting for oil are like less than five dollars under, you know, brand prices.
00:42:50.500 So that's like 80 bucks. It's like this thing is turning into a gold mine for the Alberta government.
00:42:55.260 Well, it's good. And for people who don't understand, like because of our limited access to outside markets, we used to sell our product at a heavy discount compared to West Texas.
00:43:03.460 Right. Going overland down to Gulf of Mexico.
00:43:06.800 Yeah. So now that's the biggest difference we have is now that we can access competitive markets, we don't have to apply such a discount to get them to purchase.
00:43:14.960 Absolutely. And that's the other half of this story.
00:43:17.040 So Keystone XL was supposed to be that overland pipeline that was going to go down to the Gulf of Mexico and ship something like a million barrels a day, you know, down to these refineries in Houston.
00:43:26.440 and Canada-U.S. trade tribunal basically put the kibosh on a $15 billion damages claim
00:43:35.060 after Joe Biden canceled it on his first day of office.
00:43:38.580 So if you recall, Barack Obama rejected it and Donald Trump came in and encouraged them to reapply.
00:43:47.520 They couldn't get it done in the four years before you can argue whether or not he lost the election.
00:43:52.880 No, I'm not going into that, but either way, they got most of it done though, right?
00:43:56.600 Like there's just a little piece just crossing that border that had to finish it off.
00:44:01.340 Like about 150 yards.
00:44:03.980 We just kind of maybe just launch it over, you know, just spray it over there.
00:44:07.920 They'll have to clean it up.
00:44:08.880 Go by rail.
00:44:09.340 Go by rail.
00:44:09.900 That worked out well in Quebec.
00:44:10.860 You know, we can ship it over by rail and then come back and there's a big loop of rail cars.
00:44:15.480 But anyway, so TransCanada, which actually was forced to change its name to TC Energy.
00:44:22.340 Don't say the P word.
00:44:23.820 Don't say Canada.
00:44:24.760 Yeah, down in the States.
00:44:26.380 Well, Canada or TransCanada.
00:44:28.180 Yeah, so there was this idea that somehow their name was politically prejudicial,
00:44:33.740 so they changed it to TC Energy to try to get it approved.
00:44:38.440 But no, Trade Tribunal has tossed it.
00:44:41.120 But the sad part is that the Alberta government has got about, I don't know, something like $2 billion sunk into it.
00:44:49.040 This was Jason Kenney took an equity stake in the pipeline back in 2020 to try to get it jump started.
00:44:56.120 We've got a separate kind of claim in front of the tribunal.
00:44:59.760 but you know if they're going to turn down 15 billion dollars from uh trans canada trans canada
00:45:08.080 tc energy then chances of alberta getting its money back are probably slim to none
00:45:13.200 got a column that mentions that coming out in the next couple of days because
00:45:16.800 his premier smith is considering getting into business with the heritage fund but that's a
00:45:20.160 separate issue well premier smith has said on multiple occasions that she kind of wants to see
00:45:26.480 uh keystone x i'll come back on the books but i don't think so i think like there's i think this
00:45:31.280 is the final nail in the coffin i think it's done it's dead better than a doornail who who would
00:45:36.640 want to bring it back after all this i mean i mean all you can hope for is that if trump got elected
00:45:40.960 this fall that he would give the thumbs up yet again you connect that final piece but you're
00:45:45.360 gonna get investors to entrust billions to get that running again and if i'm the company and
00:45:50.160 then you know like do i want to go through this how many times you're gonna deal with it's almost
00:45:54.080 like Groundhog Day, right? Let's see. So CNRL was fined about 250 grand for dead birds on its
00:46:04.020 tailings ponds, right? So we don't know how many actual dead birds there were, but chances are,
00:46:10.660 you know, a hundred or a couple hundred. And the irony is that conservative estimates on the
00:46:19.440 windmills which nobody can track or suggesting like maybe 40,000 a year. Well and I mean it's
00:46:25.200 usually ducks on the tailing ponds as well which I don't want to see slaughter but I mean go to
00:46:28.500 any Chinatown and see how many are hanging in the average window and I mean a good restaurant's
00:46:33.120 going to go through 100 ducks a day anyways. Well I don't want them covered in oil. No no I'm a deep
00:46:37.500 fryer but that's about it. Yeah deep fryer exactly. But the fines don't reflect the amount of damage
00:46:42.820 that's all I mean you want to mitigate but come on guys it's 100 ducks. And then in fact
00:46:47.480 um the canadian i think it's the canadian government that does the endangered species
00:46:53.420 anyway so there's three uh species of uh woodland bats in alberta that were put on the endangered
00:46:59.700 list uh specifically because of the windmills because they're killing like uh so like the
00:47:08.120 the numbers of these things have been going down and like i said nobody knows exactly but
00:47:12.800 it's about 10 per windmill and there's uh you know about two or three thousand windmills in
00:47:19.520 Alberta now so you do the math that's like uh yeah well it's back to what I was talking about
00:47:25.100 earlier I mean you know we talk about renewable energy but people forget to mention there is an
00:47:28.000 impact I mean it's there is absolutely an impact for sure beyond the visible sight lines and then
00:47:34.060 finally um last week um during the stampede I was covering um the Canadian blockchain consortium
00:47:41.800 trade mission to Alberta. So this was kind of a gathering of about 70 of the biggest and brightest
00:47:50.000 minds in its blockchain. So blockchain, we tend to think of it as cryptocurrency, like Bitcoin,
00:47:59.520 but it actually kind of goes beyond that because we're talking about authentication protocols.
00:48:06.520 And they've had some meetings with the government, Premier Smith, and at least seven different ministries on how maybe this blockchain technology could be implemented into Alberta.
00:48:19.900 And we're talking about things like land titles, getting rid of notaries, a lot of the expensive lawyers when you're signing these documents, like you get into a car crash, you tap phones, AI generates a police report.
00:48:36.520 Insurance claims are all automatically set on the file.
00:48:40.340 And insurance is a big issue that's coming up here in Alberta.
00:48:44.380 You know, how do we keep the cost down?
00:48:46.140 So because blockchain, even more than, say, cryptocurrency, is about authentication, right?
00:48:53.900 So it's about secure systems.
00:48:57.640 And the Alberta government, apparently this fall, is going to be introducing some privacy legislation to try and get on top of it.
00:49:06.520 before it kind of takes over,
00:49:08.300 because this technology is coming.
00:49:10.400 So what the cabinet ministers are saying is,
00:49:14.500 they won't be able to seize your bank accounts.
00:49:16.900 They won't be able to seize your assets.
00:49:19.000 Like we saw during the trucker convoy,
00:49:22.580 all these different kinds of things.
00:49:25.400 Things are changing so fast,
00:49:27.000 it's got to try and stay on top of it.
00:49:28.640 It's a brave new world.
00:49:29.200 They're not going to be able to steal money
00:49:30.440 right out of your pocket.
00:49:31.620 This is a problem with cash.
00:49:33.100 I know that a lot of what the Western Standard readers
00:49:35.460 like to use cash you know and feel a little more secure but actually cash is not a very secure
00:49:40.740 method that can get stolen too i mean keep it in your pillow if somebody breaks in your house
00:49:47.940 they were talking about cases where people were selling people's homes you know completely out
00:49:54.020 uh from under them without them even knowing it right so this blockchain technology is going to
00:49:58.900 prevent all that cool yeah and it's it's really really interesting all right well thank you for
00:50:04.340 for the extended update. Lots going
00:50:06.400 on in the business world as well, and
00:50:08.000 I'll get you some Claritin before you come
00:50:10.340 in next week, and we'll
00:50:11.460 interrupt.
00:50:14.280 Thanks, Sean, and we'll see you
00:50:16.220 outside in the newsroom shortly.
00:50:18.060 Excellent. All right, that is our
00:50:19.840 business and energy man, Sean
00:50:21.980 Polzer, with the update. So that's all
00:50:24.100 the time we got today, guys. Thanks for
00:50:26.080 tuning in. We covered a lot of ground.
00:50:27.860 There's just so much to cover right now. Holy cow.
00:50:30.120 So much news. It's nuts. Keeps us
00:50:31.940 rolling, though. So thank you all for tuning
00:50:33.940 in this week. Hey, share these links with other people. Get it out there. Spread the word. Beat
00:50:37.600 the government-funded media. They're all going broke. Anyways, check out Coruscant if you want
00:50:41.240 to see a horror story. Either way, thanks for tuning in today, guys. We'll see you all again
00:50:47.240 next week at this time.
00:51:03.940 Thank you.