Pride Month in Canada, and the revelation that our Prime Minister is gay. Also, Bitcoin and the upcoming Bitcoin Rodeo in Calgary, Canada's first openly gay MP, and much more! Recorded in Vancouver, BC!
00:02:00.000good day welcome to the cory morgan show well we're into june i i'm looking forward to a
00:02:25.040beautiful day out here in calgary i think it is in most areas i always start with the weather
00:02:28.640Unless you guys get logged on and talking, you know, but it's a nice benign area to start before I rant and rave and get on to all the other things going on out there.
00:02:37.100But, you know, I'm not a winter person.
00:10:12.180And before this week, he knew little to nothing about hockey, believe it or not, but he's learning fast.
00:10:19.120So he's got an Oilers notebook that'll be up there every day with three or four tidbits on the game and the atmosphere surrounding it.
00:10:27.900And that young woman who did lift her top has been offered $100,000 by a U.S. porn site to come and maybe audition for stuff down there.1.00
00:10:40.060So, yeah, there's money to be made in that, Corey.
00:10:43.040Well, isn't something similar when it was during the Calgary Stampede
00:10:46.020and there was that one young lady in an alley who got herself sort of pierced0.80
00:12:17.920Mike Thomas, our real estate expert, is taking a look at the Bank of Canada dropping their prime rate today by a quarter point.
00:12:26.200And he's got a story on what it will mean for your mortgage if you'd hold a variable rate.
00:12:33.040And that's sort of the head scratcher of the day, Corey, is the head of the Canadian Medical Association, says vaccine injured people don't exist.
00:12:41.760She says there's no such thing as a vaccine injury, which I find quite strange because the government's been paying out, you know, lots of money for people who are vaccine injured.
00:12:50.920So for Canada's top doctor to say that it doesn't exist, doesn't happen, quite frankly, is astonishing.
00:12:58.840Yeah, I mean, I can understand some of the debate on the degree of risk or the degree of injuries or anything, but to say they aren't outright happening whatsoever, well, then they should close that hole for all those payouts they've been doing.
00:13:08.580Oh, exactly. Exactly. It's a strange thing to say, for sure.
00:13:13.720We'll be, I'm sure, talking about that whole pandemic and government response for many years to come yet.
00:13:21.940Probably also on the pipeline tonight, too.
00:13:24.860More than likely. All right. Well, I'll let you get back to gathering all that good news stuff there for us, Dave, and I'll see you after the show.
00:13:32.920All right. This is our news editor, Dave Naylor. And yes, as you see, lots of stories busy as always, all sorts of things going on out there. This is where I like to remind everybody the reason Dave's out there, Jen, Jonathan Bradley, all those folks is because you guys have been subscribing. We don't take government dollars, guys. We thrive on advertising and subscriptions. So if you haven't subscribed yet, get on there. Westernstandard.news slash subscription, $9.99 a month, $100 a year, just like a newspaper subscription. It's well worth it. And it keeps us rolling.
00:14:03.360And yeah, there's just lots and lots to cover.
00:17:32.000This event's going to be going on for a while.
00:17:34.200I guess if people are interested in all things Bitcoin, that's going to be the place to go?
00:17:39.000Yeah, so it's a conference that we're putting on July 2nd and 3rd.
00:17:43.160It's downtown Calgary at the Grand Theater.
00:17:45.140it's a great great venue that we've done um some conferences in the past there as well
00:17:49.980and uh yeah we've got a an amazing lineup headlined by jp sears who is like the most
00:17:56.380famous guy that nobody knows who he is or nobody knows what his name is he's that comedian um with
00:18:01.520the long red hair who's always making fun of the government um you most people have probably seen
00:18:07.060him on tiktok and uh and instagram and whatnot and uh yeah we've got a an amazing lineup and
00:18:12.440we're aiming to really put on a conference that kind of answers the question of like,
00:18:17.640why Bitcoin? You know, it's easy to get lost in a technical topic like this, but we're making this
00:18:23.960a non-technical conference designed really for people that are kind of in the boat where you're
00:18:29.900at, Corey, where it's like, you know, you're a little bit aware of Bitcoin, but more importantly,
00:18:34.600you and probably a lot of your listeners, and this is something that I've experienced in sort of like
00:18:39.120the the freedom community in alberta is that people have identified the problem that bitcoin
00:18:44.620solves and namely that problem is the out of control um printing and then spending of money
00:18:51.000by our our federal government and you know we're all sort of starting to feel that bite now like
00:18:56.760a couple years ago probably even last time i was on your show um if we were to talk to an average
00:19:01.820person about inflation you know people have heard of it um maybe some people knew what it was but
00:19:07.480it was kind of like this nebulous thing that the government reports on that like didn't really hurt
00:19:12.100most people and nowadays it's like you know if you've been to the grocery store you can feel it
00:19:17.680right like a steak is triple what it was five years ago and so now I think with the you know
00:19:26.180very overzealous and ridiculous response that the governments of the world had to COVID
00:19:30.440there are a lot more people that are sort of starting to wake up to this idea that maybe we
00:19:35.680shouldn't listen to everything that they tell us. And Bitcoin, I think is kind of the tip of the
00:19:41.220spear of the response to that. So if you don't trust Justin Trudeau, why would you use money
00:19:48.480that he can print for free? Absolutely. And it's certainly growing these days. But I mean,
00:19:55.040one question I have then, Bitcoin's kind of, it's the big one. It was the first one on the block,
00:20:00.000but there's a number of other currencies out there why is bitcoin the one to gravitate to
00:20:05.920versus the other ones yeah so the other currencies cryptocurrencies that they're called are um
00:20:12.160generally anywhere between a really bad idea and a scam and a lot of them are fueled by a lot of
00:20:18.320techno babble trying to dazzle people with technical terms that make them sound important
00:20:24.080interesting but really what it all comes down to is just a single thing that separates bitcoin both
00:20:28.800from all of those other currencies as well as all of the fiat currencies of the world and that's
00:20:34.720the fact that there's no one in charge so there's no one who can be like i'm going to change the
00:20:39.320supply of bitcoin whereas with ethereum for example the number two they have a literal conference call
00:20:44.400where they decide what the supply of the of the currency is and so instead of central bankers you
00:20:49.840have basement nerds deciding what the the currency supply is and that might be better um but it's
00:20:56.460still a problem because if you give someone the power to print the money that you use they will
00:21:01.900they'll print the money and spend it every single time and so bitcoin is unique in that there is no
00:21:07.160one in charge and part of the reason for that is because very early on it was worth basically
00:21:12.740nothing and so the founder either i mean a lot of people think he may have died but the founder
00:21:17.660has disappeared and certainly abdicated control of the project whereas all the other ones have
00:21:22.600a founder who's there they have a board of governance they have a corporation behind them
00:21:26.880in most cases and really they're they're just uh in most cases more like a ponzi scheme than uh
00:21:33.920you know an actual currency yeah so bitcoin i mean i actually took part in a program we had
00:21:40.020here at the western standard where part of my salary would go towards uh come to me in bitcoin
00:21:43.480and the standard was matching with it a few years ago and i didn't really pay much attention to it
00:21:48.280We just kind of let it build up and go. And, you know, we had a look, probably we started watching about six months ago. Whoa, I mean, that's a healthy little fund that built up off to the side there. Though, I mean, Bitcoin had its ups and downs and some volatility in the short term. The general trend has been up, but is that what somebody should look at Bitcoin for as more of a longer term place to put money or is there more practical short term use for it too?
00:22:11.560Yeah, I mean, I would say that the most effective way to use Bitcoin is a long term savings tool, because it is very volatile. And most things that we use are priced in dollars. So it's important to us that our spending power in dollars is pretty constant over time.
00:22:28.620So if you need to buy something major in a month, storing it in Bitcoin until then might not be the best idea because your purchasing power could go up drastically or down drastically in that month.
00:22:38.720Whereas, like you said, over a longer period of time, you know, there's never been a time when you couldn't buy Bitcoin, wait five years and be massively up in dollar terms.
00:22:48.320And part of that is, you know, the price of Bitcoin is going up as more people are speculating.
00:32:53.180Well, thanks, Dave. I appreciate that. I hope the conference goes fantastically. I'm sure it will. This isn't your first rodeo. And I appreciate you breaking all that down for us. So, well, we'll look forward to the conference there and talk again soon.
00:33:11.040So that was Dave Bradley. As I said, all things Bitcoin. And yes, the Bitcoin rodeo is coming. And, you know, there's some good questions I saw in the comments.
00:33:19.200scroll. I don't want to get into a debate about it because there's a lot of debate on the whole
00:33:22.760things with all that. I wanted to speak mostly on the upcoming Bitcoin rodeo conference. It's a good
00:33:28.740spot if you had more questions about it as well. Don asking about, yeah, you know, that was a good
00:33:33.980question about how's El Salvador doing with that national Bitcoin thing because El Salvador got
00:33:38.260so messed up. I think they decided to make Bitcoin like their national currency. I'm not sure actually
00:33:42.880I'll have to look in to see how that all kind of came out. Joseph, you know, has certainly got some
00:33:46.740strong doubts about it. But one of you mentioned is, what if the internet crashes? How do you
00:33:50.680access your money? Well, you know, realistically right now, all of us are so dependent on the
00:33:56.260internet. I don't carry a heck of a lot of cash in my wallet anymore. If the internet crashes like
00:34:01.280so badly that it's gone for weeks, well, we're going to be in a catastrophe anyways, because
00:34:05.080my banks won't be able to give me any cash or money or do any transactions or anything anyways.
00:34:10.160So we're just as hooped. One thing I'll say, and when you talk about government control and you
00:34:14.700said any government can control Bitcoin. Well, the government really wanted, I'm sure, to get
00:34:18.160everything they could when they seized people's bank accounts in the past, but they didn't get
00:34:21.640anybody's Bitcoin. I'm not going to say that Bitcoin's bulletproof. Who knows? But it seems
00:34:28.520to be safer than keeping your money in the bank in Canada these days. Anyways, I wouldn't advise
00:34:32.600everybody, of course, put all your money into Bitcoin. That's not my role. I'm not a financial
00:34:35.860advisor by any means. I found it kind of neat, like I said, that just a little bit of a came
00:34:39.840off my check and went into that Bitcoin account we started a few years ago. And Bitcoin has really
00:34:44.140gone up like a crazy amount this last few years. So that did quite well. But if you look at the
00:34:48.080chart over the last few years, too, the Bitcoin value still has some, you know, it's generally
00:34:51.880goes up, but it's got some big dips. So if you're using it week by week to buy things,
00:34:55.380you can kind of hoop yourself, you know, because you buy something with it one day, and it turns
00:35:00.000out that the value of the Bitcoin went up 20% the next day or 10, right? Yeah, it's not quite that
00:35:04.060fast, you know, shot up, you might not do well with your purchase on it. But it's an interesting
00:35:09.800development and anything. I think personally, I like it as a hedge, you know, for what I've got.
00:35:14.880I know I've got something that's in a side savings account that is independent from the fiat currency
00:35:20.140of our current government. Similar, I guess, though. I mean, as Joseph said, you know, metals,
00:35:24.220they're a good idea. Gold, silver, things like that have something that's outside of the government
00:35:30.760control. You know, maybe they'll end up controlling it later. I don't know. Our government's too
00:35:36.060stupid, I think, to break into Bitcoin. They can't figure that out. I mean, again, look at the prime
00:35:39.700minister. But, uh, either way, if, if you're interested, hit that conference, don't forget
00:35:45.040Western standard. That's the, the, the promo code to put into it and you'll save yourself 50 bucks
00:35:50.340because there's like gotta be a couple dozen speakers over those couple of days. So they'll
00:35:54.560answer a whole heck of a lot of questions on it much better than I would be able to. But, you know,
00:35:59.240speaking of economic retardation and, uh, foolishness, let's talk about the NDP, uh,0.70
00:36:05.620Jagmeet Singh, you know, the champagne socialist who likes to stand up there in his $2,000 tailored
00:36:11.680suits with his Rolex, you know, next to his sports cars to tell us all to tighten our belts and live
00:36:16.700in a nice socialist world. But they've got their big thing. They've made it their hill to die on
00:36:21.360the whole grocery pricing thing, the issue. And it's just so frigging stupid. I'm getting
00:36:28.440sick to death with people losing it at grocery retailers. I know Galen Weston isn't a nice guy.
00:36:37.480I know that Loblaws had a record profit. Who cares? Buy shares in it then, you wimp.
00:36:43.280God, bitching about somebody making a profit, it's not a bad thing. And guess what? That record0.99
00:36:47.720profit, yes, it's in like a one or two billion level. But the margin, people, the margin,
00:36:53.740use your economic common sense. Their margin is under 4%. The reason the profit is in the billions
00:37:00.020is because they're selling hundreds of billions because there's hundreds and hundreds of outlets
00:37:04.360across the country selling groceries to millions of people. They don't have much room to move on
00:37:09.780the prices. We have a problem with higher prices. We covered a little of that when talking to Dave.
00:37:15.620It's because our idiot government is printing money and borrowing money so fast that your
00:37:20.040dollars aren't worth a crap, and everything goes up, including your food. The reason people get
00:37:24.680upset about it when it comes to food is, of course, food's a need. It's not one of those things you
00:37:28.400can say, well, I'll just stop buying groceries for a couple of months until things stabilize or I get
00:37:32.780a little more money. No, you have no choice. You've got to keep buying it, and you end up finding
00:37:37.320yourself buying less or buying, you know, stuff of a quality you wouldn't want because you can't
00:37:42.000afford it. You get concerned. Fair enough, but direct your ire in the proper direction. It's not
00:37:48.220the retailers, guys. It's not. It's been studied. The Competition Bureau dove into it. Even Prime
00:37:54.480Minister Ding Dong thought, we've got something here for sure. So he directed the Competition
00:37:57.700Bureau to investigate and dig in. The Competition Bureau came out with a report and they said,
00:38:02.440yeah, their profits are actually modest. It means they don't have room to cut the prices.
00:38:08.740But Jagmeet Singh's putting another motion in Parliament today. It'll probably fail. I hope so.
00:38:14.140even the liberals aren't this stupid, but basically saying they want to force grocers
00:38:18.420to either reduce the prices of their food. Yeah, force them to reduce the prices of their product,
00:38:24.420or they're going to cap food prices. This is the height of stupidity. This is dumber than anything
00:38:30.240I even expected out of Jagmeet, and he's pretty friggin' dumb. Anybody who's a socialist can't
00:38:33.780be that bloody smart, at least not economically. How well did they eat in Russia, guys? The food
00:38:40.180prices were capped there. Venezuela capped their food prices too, guys. How did that go for them?
00:38:45.920Oh, yeah. In Venezuela, they literally ate their zoo animals. That's how bad it got. You got to
00:38:52.720leave the supply chains alone. This government is incompetent. This government is, any government's
00:38:58.320incompetent. Keep them out of your food supply chains. You cap the prices on these things. You
00:39:04.020take away the profit from the retailers. Guess what's going to happen? They will close their
00:39:08.520doors. It's as simple as that. They are millionaires or billionaires who own it. But people also
00:39:13.880forget who's the majority shareholders? Pension plans. You own those grocers too. The Canadian
00:39:19.340pension plan owns a whole pile of Loblaws stock. So if you plan to take CPP, actually a little bit
00:39:26.620of that profit's actually coming to you. You're a shareholder in them. But if they can't make money,
00:39:31.400they can't. And when you're running a lower than 4% profit margin and you've got a foolish
00:39:36.760government that forces you to lower prices you close your doors they're not a charity so then
00:39:41.980what happens where does our food come from whose sources when you go into a store and find literally
00:39:47.840thousands of items and brands who's going to organize that once the big retailers say we're
00:39:54.020done we're out we're pulling out you got to remember the again you know the fart catchers
00:39:58.160of Trudeau who felt he he was on to things and smart and you know constantly um villainizing
00:40:05.180our grocery chains and such and trying to imply that they're gouging Canadians and screwing them0.99
00:40:10.080and that there's huge money being made and huge record profits. And they came out publicly said,
00:40:14.780we're going to get some big European grocery chains to come out here to Canada and set up
00:40:18.660shop and compete with these guys. Guess how many European chains have come out so far?
00:40:23.420Yeah. Goose egg, zero, not a single one. Who in their right mind would want to relocate to a1.00
00:40:28.460country with a government that's talking about forcing you to cap your prices at a certain range
00:40:34.300with a government that's going to call you virtually a criminal for having a profit margin
00:40:40.180of under 4%. If you've got a problem with profit margins, fine. Check out the banks.
00:40:47.200Their profit margins are around 20%. Look at the margin. That's when you know if you're getting
00:40:51.920screwed as a consumer or not. Not the gross profit number. Look at the margin because that's where
00:40:57.160they got room to move on the price if they're going to have room to move on the price. And I
00:41:00.540don't want government to intervene on large profit margin area of business either. I'm just saying if
00:41:06.560you are ticked off about paying too much for things in the world, look in the right directions.
00:41:12.040You want to know one of the highest profit margin industries in Canada? Dairy farmers. Yes, they're
00:41:18.720well over 20% profit margins because they've got that protected supply management system where they
00:41:23.960literally make it illegal to sell more than a certain quota and it forces the prices to stay
00:41:28.800higher and it keeps their margins higher. Is that better? Because that's what happens when
00:41:32.660government controls the price. Then the best lobbyists get the money and the consumers,
00:41:38.480as always, take it up the tailpipe. Because we've got some of the most expensive dairy0.90
00:41:43.700on the planet in this country. We have huge agricultural country, all these lands,
00:41:48.900and we pay a fortune for it. That's what happens when government starts getting into the food0.84
00:41:52.320business just on a micro level. Now think of if these dingbats manage to make Loblaws pull out1.00
00:41:57.560or Walmart. And they will do it eventually. We've seen it in the States, you know, with some of
00:42:02.000these, um, it wasn't the price controls going on, but it's when you had these idiotic areas like
00:42:07.140San Francisco and Portland and progressive areas that again, villainize the large business owners.
00:42:12.920And they basically said, we're going to let the shoplifting go. We aren't going to intervene,
00:42:17.340intervene. We're going to let the thieves just keep stealing from you.
00:42:21.720So they closed, they closed. They said, well, that happened in Chicago too. Well, we're out,
00:42:26.160were gone. They closed. Then the community doesn't even have a large one. And then you listen to the,
00:42:31.220it shows the stupidity of the progressives. It shows the stupidity of the identity politics.
00:42:35.460Because I remember some of the howlings too, they're saying they're all moving out of the
00:42:38.460racialized neighborhoods and it's racism is why they closed the doors. No, it's not. It's because
00:42:43.780they were getting robbed blind. And the government was saying, we're not going to protect you.
00:42:49.300They were saying, essentially implying that you have a moral right to steal from them. We had a
00:42:54.560movement in Canada here, when they've been doing that boycott Loblaws crap for a while, it obviously
00:42:58.620failed, but they've been talking about having this national shoplift from Loblaws Day. They really
00:43:04.160were. There was people trying to organize that. You have people organizing, trying to get other
00:43:08.440people to break the law. What the heck is our society doing? What have you gotten to there?
00:43:13.720And we're not talking about some obscure law, parking tickets, or something that's questionable.
00:43:17.480stealing the property of another simple basic law it cannot be allowed to happen yet i didn't see
00:43:26.440anybody charged for trying to organize that i mean wouldn't that be trying to counsel committing a
00:43:29.920crime is it impossible to track down who was trying to organize that though i don't think it
00:43:33.860amounted to anything anyways because thankfully most people weren't bloody thieves anyways
00:43:37.160but just this this foolishness so when when dave was talking about you know how stupid government0.68
00:43:43.280it is and, you know, wanting to keep your funds as clear of them as possible. There's one of the
00:43:49.220examples. Here's another one. This has been a good one too, right? So the CRTC, this is one of the
00:43:53.100big areas of the Trudeau regime in the last few years too, controlling information, controlling
00:43:56.620media, controlling the messaging. Of course, any dictator wants to do that. They don't like hearing
00:44:02.480outside voices. So now the CRTC emboldened by crap like Bill C-68, C-11, all these other controlling
00:44:09.660bills has said they're going to require online services to contribute 5% of the Canadian revenues
00:44:14.460to support the Canadian broadcast system. In other words, we're going to steal 5%. I'll call it
00:44:19.220theft. They're going to steal 5% of what they make from Netflix, Disney. See, it gives us that
00:44:24.220you know, that demonization of other service. Well, Netflix is big and Disney's big. Well,
00:44:29.420guess what? The little mom and pop streamers don't exist, guys. There's only big ones. And
00:44:34.000you all wind your heads off when Netflix raises their prices by a dollar or two a month. Well,
00:44:38.700why do you think they will? So when the government's going to steal 5% of their revenues,
00:44:42.660they're going to raise the prices even further. And then, oh yes, they're going to give that to
00:44:46.880support the Canadian broadcasting system. Oh good. So that'll go towards more, you know,
00:44:53.240what CBC style gems of crap that nobody wants to watch. That's the only way those things get
00:44:58.360produced. They don't get produced based on people actually wanting to consume the content. They just
00:45:02.520get produced because they get a grant from somebody in the government and they've stolen
00:45:06.480that money from the streaming services. So nobody cares. They'll make a stupid documentary or a bad
00:45:12.720comedy or whatever that nobody's going to view. But as long as they got the paycheck from stealing
00:45:16.7605% from the streamers who actually provide citizens with what they want to watch,
00:45:22.240the grifters will come out and they'll make those things. As Ian Leslie said, somebody's got to pay
00:45:25.420for the CBC. Yeah. And this is above and beyond the right. The CBC is already taking what? $1.4
00:45:30.000billion a year in tax dollars, 1.4 billion. And then they steal and I'll call it stealing again,
00:45:35.200Because if you get that much in tax dollars just to pay for your operations, they sell advertising for hundreds of millions a year, too.
00:45:42.080But that's stealing it from the private market because the private broadcasters can't compete with them on advertising dollars.
00:45:47.460I mean, when you get a billion in the bank, you can really undercut the advertising rates.