Western Standard - LIVE SHOW - Triggered： Alberta’s firing of Dr. Verna Yiu is a good start.

00:00:00.000 Thank you.

00:00:30.000 good morning it's april 5th 2022 welcome to triggered i'm cory morgan this is the western

00:00:38.960 standards live daily show we run every day monday to friday 11 30 a.m mountain standard time till

00:00:44.940 about 1 p.m we get a really exceptional guest sometimes we'll run later or sometimes i run

00:00:50.740 out of stuff to babble about but that's pretty rare and we might stop a little earlier it's

00:00:54.440 being a live show the comments are always welcome i like seeing them uh talk with each other talk

00:01:00.540 with me send guests toward or comments towards the guests or questions i don't necessarily get

00:01:05.020 to them all but i really try to when i can i certainly read them all later uh as per yesterday

00:01:10.800 when we had some stuff going on though just remember let's keep it somewhat civil you know

00:01:15.420 we don't always have to agree uh by all means no we're here to discuss things and debate things but

00:01:20.080 you know, if you're going to spam the comment scroll or, you know, just start rapid firing

00:01:25.300 things or insulting guests and things, yeah, we'll block you. I mean, you have the right to

00:01:29.500 free speech. You can go speak wherever you like, but you don't have to do it on our platform.

00:01:32.780 Still, I know that 99.9% of our viewers are fantastic and there's none of that going on.

00:01:38.420 So good to see you all there. Gary, Claudette, Debbie, Scott, all of you saying good morning.

00:01:42.560 I love seeing the viewer line filling up as we get ready for a show. And I got a good one.

00:01:47.600 First, I'm going to have in studio Andrew Ruland of Integrated Wealth Management, and

00:01:53.500 we're going to have some financial discussion.

00:01:54.880 It's kind of important these days.

00:01:56.260 It might sound a little dry sometimes, but hey, we're all looking at saving our money,

00:02:00.100 working towards retirement, doing those sorts of things, and we need advice on that.

00:02:04.660 We've got a really chaotic, tumultuous world market going on right now, and he's going

00:02:09.340 to talk a bit about that, and we'll just chat about economics and finances in general, and

00:02:13.260 perhaps where a safe place might be for some of your money.

00:02:16.960 And then I'm going to have a political scientist,

00:02:18.500 Barry Cooper.

00:02:19.040 People probably know that name well,

00:02:21.020 conservative-minded folks out in Alberta anyways.

00:02:23.560 He's been always very outspoken.

00:02:25.520 He's one of the, what used to be called

00:02:26.760 the Calgary School of Economics.

00:02:28.320 There was a time in the 90s

00:02:29.400 when we had a number of good conservative political scientists

00:02:33.000 and they were all based out of Calgary.

00:02:34.600 There was Ted Morton and I think Rainier Knopf

00:02:36.680 and a few others.

00:02:37.720 And Barry Cooper was one of them as well.

00:02:40.220 And we're going to talk about that seat distribution

00:02:44.060 going on in Quebec.

00:02:45.640 so uh yeah that mess that we got going there and just some constitutional political stuff

00:02:49.320 in general politics politics politics but that's what we do around here right if you don't like

00:02:52.760 politics this might be the wrong show for you i hope not though i want to make it the right show

00:02:57.000 so we can have some good discussions and have a good time to see you all there so i might as well

00:03:02.440 get into what's got me going today it's sort of celebrate celebratory i'm i'm seeing what i feel

00:03:07.480 is a good development in health care the ndp on the other hand are predictably apoplectic with the

00:03:13.720 the firing of Alberta Health Services CEO, Dr. Verna Yu. Yu was, after all, one of the last

00:03:20.180 senior NDP appointees remaining in the civil service. So it's predictable as well that the

00:03:25.260 NDP is claiming that the termination of Yu heralds the beginning of a push to make dramatic changes

00:03:30.560 within the Alberta healthcare system. I can only say I hope so. Let's begin with Dr. Yu herself.

00:03:36.260 I mean, in light of having gone through the biggest healthcare challenge the system has seen

00:03:40.060 in generations, how is Dr. Yu's performance measured up? I think it's safe to say we haven't

00:03:45.040 gotten our $677,000 per year worth of value out of Dr. Yu, to say the least. I mean, any manager

00:03:53.100 can be forgiven for being caught flat-footed by the pandemic at the start of 2020. It was an

00:03:58.020 unprecedented event. We didn't know what we were in for, and the world was in a panic.

00:04:02.060 What was Dr. Yu's excuse, though, for the performance of the Alberta Health System at

00:04:05.280 the start of 2022. I mean, we had two years of pandemic experience under our belts by then.

00:04:10.720 Why is it that a healthcare system in a province of 4.4 million people

00:04:14.140 was apparently brought to the edge of collapse by a mere hundred and some people in intensive care?

00:04:20.760 We can't pretend the province's healthcare vulnerability was due to a lack of funding.

00:04:25.340 Alberta was already spending as much or more per capita on healthcare than most of the

00:04:29.080 jurisdictions on earth. Billions more in funding was injected into the system in response to the

00:04:34.020 COVID-19 pandemic. With tens of thousands of procedures also being deferred, the health

00:04:38.660 system was flush with more cash than it's ever had before. So if it's a lack of funding isn't

00:04:44.820 causing the weakness in the health care system, the culprit has to be either bad management or

00:04:49.100 the system itself. Well, actually, it's both. Alberta's health care system is suffering under

00:04:53.760 bad management, ideologically beholden to a broken system. Starting with the management,

00:04:58.800 though, Dr. Yu, as I said, had two years and billions of extra dollars to work with in

00:05:02.820 preparing the healthcare system to withstand pandemic waves. As far as we can see, she did

00:05:07.060 absolutely nothing with those dollars. The ways that the system's responding to the pandemic today

00:05:11.020 is just the way it did two years ago. At a price of nearly $700,000 per year, I would expect a

00:05:16.700 manager capable of addressing changes and challenges to the system under her care. The

00:05:21.600 problem is Dr. Yu is an adherent to the Canadian healthcare religion. The prime tenet of that faith

00:05:27.920 is that nothing aside from funding increases shall ever be applied to the system. The system

00:05:32.620 is the model of perfection, and it's blasphemy to even consider changing its sublime infallibility.

00:05:40.160 The NDP are the high priests of this religion, by the way, thus they ensured they were appointing a

00:05:44.660 stringent disciple of it when they chose Dr. Yu to be at the head of the sacred system.

00:05:48.940 As far as the NDP is concerned, they chose well, as Yu did indeed change nothing. Alberta isn't

00:05:54.400 alone. Six out of ten provinces in Canada haven't managed to increase their ICU capacity in the last

00:05:59.640 two years, despite all of them increasing health spending. And that brings us to the system.

00:06:05.400 Despite Canadian mythology claiming otherwise, Canada has one of the most rigid and inefficient

00:06:10.460 health care systems on earth. While spending continues to increase, waiting lists continue

00:06:15.180 to get longer and positive outcomes are waning. We're not getting a good bang for our buck when

00:06:19.500 we're measured against most of the developed nations in the world. It's hard to fault Canadians

00:06:24.080 for clinging to Canada's system, despite its ever more evident shortcomings. I mean, we've been

00:06:28.780 program to believe it's the best on earth for decades. The CBC created a series in 2004. It was

00:06:34.640 tasked with identifying the greatest Canadian of all time. With weeks of episodes and carefully

00:06:39.520 crafted discussions, it was concluded that NDP founder Tommy Douglas was indeed Canada's,

00:06:44.740 you know, Canada's greatest Canadian of all time because he created our current health care system.

00:06:50.600 Douglas was formally canonized by the state broadcaster and is considered blasphemy to

00:06:54.980 question is holy creation. We have to break through the spiritual fervor of those defending

00:06:59.300 Canada's broken system, though, and pursue some real reforms. There's hundreds of health care

00:07:04.080 systems around the world, and many of them are outperforming Canada's. In fact, most of them are.

00:07:08.680 We need to examine the best of these systems and emulate them. One common denominator in every

00:07:13.020 system superior to Canada is they all have more private involvement in the provision of health

00:07:17.600 care and allow for more patient choice. Now, private provision of health care is not sacrilegious.

00:07:23.380 We need to focus on outcomes for patients rather than a misguided fixation on a fully socialized system.

00:07:29.820 I couldn't care less about the American system, by the way.

00:07:33.580 People like to point south of the border at the USA and use their system as some sort of bogeyman.

00:07:37.980 Healthcare zealots will righteously howl that we'll surely become just like the Americans

00:07:41.480 if we dare change any aspect of the Canadian system.

00:07:44.460 Ah, that's a load of bunk.

00:07:45.740 When somebody makes that claim, all it proves is they've fervently closed their mind

00:07:49.760 to rational and productive discussion on healthcare reform.

00:07:53.380 As with Canada, the American system is just one among hundreds.

00:07:57.400 Universality is the principle most people agree upon maintaining.

00:08:01.100 Nobody wants to see a person turned away from care due to lack of funds

00:08:04.500 or wants to imagine a person being bankrupted from paying for essential care.

00:08:09.780 Universality is maintained in most of the systems superior to Canada's

00:08:13.700 while allowing for competition and private involvement in the health care provision.

00:08:18.360 Private provision options and universal care are not mutually exclusive things.

00:08:22.480 and that myth is another one of the ones that needs busting. Healthcare always sits at the top

00:08:28.220 of the polls among issues concerning Canadians, but we've been programmed to avoid any critical

00:08:32.600 discussion on how to improve it. The firing of Dr. Werner Yu isn't a sign of an attack on

00:08:38.160 universal healthcare, though there's some doctors and NDP folks claiming that right now. It's an

00:08:43.320 indication of a government, though, beginning to embrace the need and agenda of reforming a broken

00:08:47.620 system. I mean, turfing you in itself won't solve Alberta's healthcare woes. It is a good start

00:08:52.880 though. And it signals that nobody's role or position is sacred. And the government has

00:08:57.420 finally started at the top. Let's hope they continue with it. Okay, well, that's my rant on

00:09:04.660 healthcare for today. I really do hope it does turn into some positive change and they follow

00:09:08.900 up on this because if it is just politicized, it was just because she was NDP appointed. Well,

00:09:14.780 that's not the right reasoning. But I think we've laid out good enough reasons why Dr. Yu clearly

00:09:18.880 hasn't been an effective head of Alberta Health Services to this point. And we can certainly do

00:09:24.420 better with a replacement. So let's check in with Eva Sudeik from the newsroom and see what else

00:09:29.320 we've got topping the news today. Hey, Eva, how's it going? Good. How are you, Corey? Very good.

00:09:33.960 Thanks. Today in the news, we got conservative candidate Leslyn Lewis spoke at an event in

00:09:39.740 Moose Jaw, Saskatchewan, where she addressed a wider range of topics like globalism, abortion,

00:09:47.000 conversion therapy, defunding the CBC, even Klaus Schwab's The Great Reset and Digital IDs in

00:09:53.560 Canada came up. Check out that article to read her stances. The president of the National Police

00:10:00.280 Federation, Brian Sov, says that policing is being unfairly treated and not treated with respect.

00:10:07.240 Now, 30% of RCMP trainees are dropping out while applications are declining.

00:10:13.600 In Canadian national security, they're getting an increase in funding, says Defense Minister.

00:10:19.260 1.36% of GDP will be spent on military this fiscal year.

00:10:25.400 And that is expected to have a 70% increase in spending on the military over the next nine years.

00:10:33.680 So a lot of billions are going to the Canadian military, and that follows the Liberal government saying that they will decrease spending, but we are yet to see that happen.

00:10:45.680 We have another article up on how the House of Commons Finance Committee has made 222 recommendations to lower the Liberal spending as a record deficit of over $300 billion came out of Ottawa last year.

00:11:02.680 In COVID news, we have 80% of pandemic fighting funding came from the federal government but

00:11:10.440 despite receiving that money, you mentioned earlier 6 out of 10 provinces did not increase

00:11:15.800 ICU hospital beds during this time. Another one on healthcare, a new survey showed most

00:11:22.360 Saskatchewan nurses are constantly working, short-staffed and 60% are considering quitting.

00:11:28.760 they blame exhaustion and provincial leadership for the negative outlook

00:11:33.960 and then we have uk health security agency is studying and warning um that the that a new

00:11:40.040 coveted variant called xe will be the most transmissible variant yet but other public

00:11:46.360 health experts say that these types of variants pop up and they disappear on their own and no

00:11:51.320 panic is necessary we've seen that before all over the world so um i i don't know if it's

00:11:57.160 anything to speculate about well we know the legacy media loves to hit that panic button as

00:12:02.280 soon as they can so i mean they just thrive on those stories and there's always going to be an

00:12:05.720 expert talking about this will surely be the variant that's going to take us down i don't

00:12:09.960 think i'll lose sleep over it yet and still in ontario and quebec some experts are saying oh

00:12:15.720 the sixth wave is coming blah blah blah right but um it's still the same that was news from last week

00:12:23.160 so we'll see how that plays out that xc will be coming to canada anytime soon well at least that

00:12:28.760 one's easy to spell so uh you know let me know those those greek terms and everything we're

00:12:32.840 getting uh pretty confusing for a lot of us so uh you know i'll be able to type and rant on the xc

00:12:37.880 uh a lot more quickly so it's good to see that developing i'm glad you can benefit from it corey

00:12:42.680 hey i always try to look on the silver lining of things you know that um and then finally i'll say

00:12:48.360 that in some fun news blockbuster is creating a pop-up tour across canada um their their first

00:12:56.200 stop is going to be in calgary and they will be moving from coast to coast with their pop-up

00:13:01.080 you can get lots of different merch from them including fanny packs and onesies i think i'd

00:13:06.040 like to see you corey in a um blockbuster onesie full suit hood too maybe i can bring some into

00:13:13.000 the office for us oh i mean i'm no fashion maven so i i wouldn't be opposed to anything like that

00:13:18.760 as we know i'm not exactly a snappy dresser anyways but it's kind of bizarre like i see

00:13:23.080 they're selling the merch they're trying to make it what ironically trendy almost i guess i mean

00:13:27.160 if they brought a bunch of vhs tapes and everything that's fantastic but i think a

00:13:30.600 lot of us don't even have the ability to play them any longer yeah i'm they didn't even mention

00:13:35.160 anything about dvds or vhs tapes so i think it's just merch and i think they have their own board

00:13:41.080 game i saw on their website so that'll be fun for some movie goers something different i mean a lot

00:13:46.520 of people look fondly back on the old blockbuster days so uh great well we uh appreciate that check

00:13:52.840 in lots of stuff always breaking and uh we'll talk to you after the show then yeah thanks so much

00:13:58.040 cory thanks eva so yes always lots on the go as we saw as we do with the news check-in every day

00:14:05.240 things are just the stories are coming up and i gotta thank everybody who has subscribed this is

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00:16:07.860 So yeah, a lot of healthcare news, you know, as Eva was saying. So, I mean,

00:16:11.360 what's with our system? How is it? And I don't understand. I honestly don't.

00:16:16.200 How is it when we've had hospitals across the country where for years they've been

00:16:20.560 cutting the amount of staff because they've been deferring a whole pile of procedures?

00:16:25.240 There's tens of thousands of people. I know it's backed up now, so maybe that's where the

00:16:28.160 burnouts coming, but they had months where there were empty floors on hospitals. I mean, the ICUs

00:16:33.380 were full in other areas because they were trying to deal with COVID. I mean, that's one of the

00:16:36.380 systematic problems we've got, right? Why have we got them all in these centralized centers then?

00:16:41.280 How could we, you know, re-examine how we're doing things so we can manage these? And why are nurses

00:16:47.780 getting burned out like this then? I mean, we're spending this much money. We're doing all of these

00:16:52.280 things and the nurses are still getting frazzled and leaving. We're still having staff shortcomings.

00:16:56.140 well, then we've got to read them and how we're doing it. One of the discussions has gone on a

00:17:00.420 lot. I mean, again, centralization, and that's the thing with the left. That's the thing with

00:17:03.760 socialism. These big, bulky hospitals that have all these wings don't necessarily need,

00:17:10.520 we don't need to do everything there. We should be outsourcing. We should be having outside clinics.

00:17:15.680 You know, maybe get a hip replacement done in a private clinic down the road. Still universally

00:17:19.700 covered guys, just perhaps having a private facility take care of it. Or even a public one

00:17:25.340 outside of that. The problem is getting the public ones are difficult in such a centralized system.

00:17:28.960 You get a bunch of these services done, dialysis, things like that in clinics and facilities outside

00:17:34.100 of a main hospital. So when the hospital does have to kind of go into lockdown for something

00:17:38.080 infectious, we aren't backing up all those procedures. We could still do those surgeries.

00:17:44.600 We could still do the dialysis. We could still do cancer treatment, things like that, that people

00:17:49.300 really need. Diagnostics. It's not all in those big main centralized buildings like that that are

00:17:54.360 bloated with administration. That's part of the other problem. You know, something that's been

00:17:58.020 pointed out quite often, go to a hospital on a weekend, you know, or in the evening. People don't

00:18:03.720 stop being sick at night or on the weekends, but you look in the staff parking lot and it's down

00:18:07.900 to a fraction of what it used to be. Why? Because all the administrators are gone, the paper pushers,

00:18:13.700 the bureaucrats, they take up a massive amount. And again, I mean, yeah, there's private

00:18:19.500 companies that have bad bureaucracies as well and are inefficient, but it's far worse in the public

00:18:25.620 sector and we know it. And so again, if we could add some more elements, some more providers,

00:18:29.640 broaden who is going to be able to provide these sorts of services, chances are we're going to see

00:18:34.280 some better innovations and be able to provide these things, get a better bang for your buck.

00:18:38.700 And that's what we all want. We want to spend a reasonable amount and get a decent health outcome.

00:18:42.840 And if we continue on the road we are right now, though we haven't been getting it, we've got to

00:18:46.220 quit pretending that the course we're on is sustainable. We increased spending. It didn't

00:18:50.600 help. That means we got to look at how we're doing it then. Okay, I'm going to get on to our next

00:18:54.900 guest right away here. And that's Andrew Ruland of Integrated Wealth Management. We're going to

00:19:00.720 have a good discussion in studio on a bunch of financial issues and world issues and just

00:19:05.220 wherever we're going to go with it. So watch this video here. It kind of helps frame things up into

00:19:09.500 a financial sort of mood because we're in budget week. And I'll be right back to join you with

00:19:15.100 Andrew and we'll have a good talk. The Canadian Taxpayers Federation's Debt Clock Tour is in the

00:19:26.720 nation national capital where politicians are really good at wasting your money and I'm here

00:19:32.680 with someone who wants to be the next Prime Minister. Mr. Polyev, if you are Prime Minister

00:19:38.120 next, what will you do to stop the clock? Well, one, the Liberals have a hundred billion dollar

00:19:44.000 slush fund that they've stacked on top of the previous normal spending of government. I'm going

00:19:50.260 to cancel that $100 billion. Two, I'm getting rid of the infrastructure bank. It's a multi-billion

00:19:55.660 dollar waste of money designed to protect the profits of construction companies that are

00:20:01.260 incompetent and that have cost overruns. That bank is gone. I'm going to defund the CBC to save

00:20:07.360 a billion dollars. And of course, I'm going to bring in a pay-as-you-go law, which means that

00:20:13.440 And for every new dollar of unbudgeted spending, the government has to find a dollar of savings.

00:20:19.640 So those are some examples of how we're going to stop the debt from rising.

00:20:25.080 This insane increase that you showed, $1.2 trillion debt.

00:20:29.320 That's more than double than what it was when Trudeau took office,

00:20:32.220 meaning he's added more debt than all the other prime ministers in Canadian history,

00:20:36.160 going back to confederation, combined.

00:20:38.500 and each child is born with $31,000 in new debt when they come into this world.

00:20:47.340 So we need to stop the rise of the debt, work our way to a balanced budget

00:20:52.540 and make an affordable government so that we can have an affordable life.

00:20:56.940 Well, that's what Mr. Polyev says he will do to stop the clock.

00:20:59.880 We need more politicians who are fighting to stop the clock

00:21:02.780 and we need more politicians to stop wasting your money. 1.00

00:21:06.580 Make more, cost less, with paychecks, not debt.

00:21:21.780 All right, guys, as we saw, it's budget week.

00:21:24.480 That's coming out at the end of the week.

00:21:26.720 You've seen some of the activists and politicians calling for less spending.

00:21:30.100 I doubt we're going to get that, but that's where we're going.

00:21:32.680 And it frames the discussion for finances, the economy, and things such as that.

00:21:36.280 And having Andrew Ruland in from Integrated Wealth Management is an ideal person to talk about these things.

00:21:41.640 So thanks for joining us in the studio today, Andrew.

00:21:43.240 My pleasure, Corey.

00:21:44.780 So, I mean, to start with, I mean, we're in such a tumultuous world.

00:21:48.660 Everything's turned on end.

00:21:50.620 I mean, I was talking earlier about health care.

00:21:52.680 Those are challenges from COVID-19.

00:21:54.740 But we've got government spending.

00:21:56.020 We've got currencies going up and down.

00:21:58.720 I guess the key point with investment is stability.

00:22:01.860 And we're not seeing a lot of that right now.

00:22:03.800 Right.

00:22:04.240 Right. Well, ultimately, we're in probably, for our lifetime, it's one of the most chaotic periods

00:22:09.220 of investing. There's always been volatility, but it always seems to be the worst when we're

00:22:15.300 close to retirement or in retirement. And right now, of course, we've got a lot of geopolitical

00:22:19.720 events that are driving the agenda. And that's, of course, in addition to the economic factors

00:22:25.300 that are behind the geopolitical events and things like that.

00:22:29.660 Yeah, well, I mean, it's almost impossible to predict. I think, you know, I mean, we saw warnings and so on, but the situation that unfolded in Russia and Ukraine with what's going on over there. But now that it is happening, trying to forecast and look ahead and how that's going to impact things is kind of where we're sitting. And it's a lot of people might not realize it's going to have a very strong impact on the agricultural sector in general, or at least agricultural commodities.

00:22:52.500 I would think that that is actually going to be the single biggest effect of this war in Ukraine, and especially if it leaks a little bit further out from Ukraine, which NATO seems to be poking the bear, so to speak, to try and get to happen.

00:23:05.860 But the secondary and the tertiary effects from the supply disruptions that come out of Ukraine and Russia are really, really significant.

00:23:14.880 And I think, yes, we're going to see the worst of them in the food supply area.

00:23:19.020 Yeah. And I mean, that gets into things that are critical needs, foodstuffs, when inflation

00:23:23.640 starts hitting there, and that's what will happen, then how do we start preparing for that? What do

00:23:28.380 we do ourselves on this part of the world to at least try to shield ourselves from some of those

00:23:33.240 impacts? Well, on a personal level, we have to think about what does our own food security look

00:23:37.920 like? So there's a big trend towards homesteading for a lot of people, or like I do, grow a lot of

00:23:43.720 vegetables in the backyard. I've done that for years just because I like gardening. But on the

00:23:48.400 financial level, really what we need to focus on is investing in things that are actually going to

00:23:53.540 go up because of the chaos. Now, some people don't like the thought of that because they feel bad

00:23:58.980 that they're profiting off of the... It feels like you're taking advantage of a bad situation.

00:24:03.000 Correct. But I mean, unless you're actually someone who's actually helping to create the

00:24:06.760 situation, you're just responding to what other bad actors are doing. So really, it's just about

00:24:11.280 following trends that are going to work to your advantage. And right now, we're in the beginning

00:24:15.720 of what I think is more or less a stagflation environment, where the economy is not really

00:24:20.760 expanding, but we have so many supply chain disruptions that prices are going up. So the

00:24:27.080 economy is stagnant, but prices are inflating. And that's a very dangerous place to be. Last time we

00:24:32.640 were there was in the 70s. So would it help with some of the economic development, though? I mean,

00:24:37.920 we are kind of well-placed as a parallel to Russia and Ukraine. I mean, Central Canada is a big

00:24:43.840 agricultural producer potash as well which is another commodity yes very big and it is a

00:24:48.780 Saskatchewan commodity so we could get some economic growth at least within Canada with

00:24:53.220 our resources to counter some of the stagflation perhaps. Yes however we have some factors that

00:25:00.060 play into it like there's wage inflation which is pushing up prices at the grocery store

00:25:04.060 so if you work in an industry that doesn't benefit from inflation you're going to be in trouble

00:25:11.060 because your income's not going to go up.

00:25:12.540 But if you live or if you work in an industry that does benefit from inflation,

00:25:16.900 you're going to be positively affected by it.

00:25:20.240 And it's not just things like potash and wheat, which are essential,

00:25:23.320 but it's also in things like uranium.

00:25:26.320 That's a big one going forward.

00:25:28.020 Yeah, well, people are starting to move towards zero emission targets and goals

00:25:31.520 and things such as that and expanding their nuclear generating capacities.

00:25:34.800 Again, Canada's well placed to supply, hopefully, on those sorts of things

00:25:38.420 with northern Saskatchewan and areas in deposits.

00:25:41.060 Absolutely. The Athabasca Basin is one of the best areas in the world for mining of uranium,

00:25:48.420 and Cameco in particular is, well, they're a world-class operator.

00:25:52.580 Yeah, so suddenly looking at another area of hedges and so on, the interest rates are low,

00:25:58.020 but then the bond markets are starting to get forgotten. How does that tie into things right

00:26:03.060 now? I mean, it's a complex area of monetary policy, but when we've got a government trying

00:26:08.100 to deal with inflation then often the banks were talking about issuing bonds to try and

00:26:15.380 that's where i'm out hoping for your expertise to expand on it well actually the biggest worries

00:26:19.220 that we have the biggest risks that we have in the financial markets going forward are actually

00:26:23.220 not in the stock markets because um stock markets are really about equity right and so they're

00:26:28.740 they're companies and they adapt uh very quickly to to the environment that uh you know that they're

00:26:34.180 operating in the biggest problem we actually have is that we've gone through basically a 34 or 35

00:26:39.940 year decline in interest rates supported by central banks monetizing debt or what we call

00:26:45.060 quantitative easing but we're actually past the bottom of the interest rate market i'll remember

00:26:52.420 this well because the bond market actually peaked on my 53rd birthday which was august 4th of 2020

00:26:59.820 And so when interest rates start to rise, that's when we get big problems in bond markets

00:27:04.880 because the price of bonds is inversed to the rate of interest that's prevailing in

00:27:10.660 the markets.

00:27:11.840 And interest rates can go up for a couple of reasons.

00:27:14.240 One is inflation, cost push inflation from a growing economy.

00:27:18.120 But the other reason, which is actually much more worrying, is when we have a declining

00:27:22.300 confidence in government as a borrower.

00:27:24.840 And that is what we are on the precipice of seeing.

00:27:27.520 So people don't think that bonds can really go down in value and that that's always the safest part of their portfolio.

00:27:34.620 But what we've seen recently is that bonds can go down pretty quickly in value.

00:27:39.580 In fact, the first quarter of 2022 was the worst quarter ever in the bond markets.

00:27:45.240 Most people don't realize that, right?

00:27:47.120 And if that's supposed to be the safe part of your portfolio, you need to come in with alternatives to traditional bonds, which is a big part of what we do.

00:27:53.820 Yeah. So what kind of alternatives are we talking about? I mean, safety and money is always just,

00:27:58.760 I mean, you know, you work so hard for it, you save it. It's a horror story as we're starting

00:28:02.480 to get a little grayer in the muzzle. You start thinking of retirement. You want to make sure

00:28:05.320 that nest egg is going to be there when the time comes. Nobody wants to go back to work at 75.

00:28:09.600 Exactly. So when it comes to investing in things that are safer, there's dividend paying stocks

00:28:16.100 and dividends typically go up faster than inflation. So that's a good thing. But on the

00:28:20.920 part that isn't in your in stocks, in your portfolio, you have to have things that are

00:28:25.000 alternatives to government bonds. So we look at corporate bonds, which tend to be shorter term

00:28:31.120 in nature. And there's actual physical security for corporate bonds, unlike government bonds,

00:28:36.080 because when you when you buy US Treasury, you don't get, you know, the left arm of the Statue

00:28:41.160 of Liberty, it's just based on the full faith and credit of the borrower. But with corporate bonds,

00:28:45.660 there is actually physical security behind it. The other part of it is to actually look at what

00:28:50.480 we call private alternatives, which would be private lending, the secondary market, or what

00:28:54.720 we call our business to business lending primarily. And also in real estate, because real estate is

00:29:01.400 also an inflation hedge. Okay. And then real estate. Yeah. Well, that's something that's

00:29:06.320 really been, well, I would say almost disrupted as well. I mean, we got some markets like Vancouver

00:29:11.460 and Toronto are superheated and Calgary for a while, it was kind of flat. I think it's kind

00:29:15.820 of rising a bit now, but it's unpredictable as many these days. It is.

00:29:20.480 And longer term, real estate, even including principal residence housing, is an inflation hedge.

00:29:28.640 But we also have to recognize that over time, the value of real estate has been driven by declining interest rates.

00:29:35.000 And so as interest rates continue to rise, people will not be able to afford to pay as much for a home because their income hasn't gone up.

00:29:42.700 And the price of real estate is usually based on how much payment people can afford who are still working.

00:29:49.120 So that's going to be a little bit of a counterbalance, right?

00:29:51.800 It's going to be a little bit of a headwind on the real estate market.

00:29:55.840 Yeah, well, and people with a fixed income, I mean, there's people with a very tight budget.

00:29:59.140 And interest rates, I mean, even a small rise could really put them under a lot of financial strain

00:30:03.140 if they don't have a fixed mortgage or if they're carrying a lot of personal debt.

00:30:07.860 Absolutely. About 25% of outstanding mortgages in Canada are variable rate,

00:30:12.940 which we think is quite a trap.

00:30:15.700 If people are in a situation where they have, you know, you know, 5, 10, 15 years left on their mortgage and they're on a variable rate, we'd strongly suggest that they look at locking in for the longer term because interest rates can go up a whole lot faster than people think.

00:30:30.080 OK, there's something called availability bias.

00:30:32.720 It's one of the cognitive biases in investing.

00:30:35.980 And if we haven't experienced something before, it's not available in our memory.

00:30:40.340 And so the vast majority of people today who are borrowing money for housing or for anything else, they've never had the experience of 10%, 12%, 14% mortgage rates.

00:30:51.640 So they don't think it can happen.

00:30:53.560 So it's one of those things.

00:30:54.800 I don't think it can happen because this never happened to me before.

00:30:57.380 And that's just ancient history.

00:30:59.080 Yeah, it wasn't that long ago.

00:31:01.440 But for a lot of younger homeowners, they wouldn't remember the 80s and the 90s with some crazy double-digit interest rates.

00:31:10.340 Things are secular. It tends to come back to those.

00:31:14.040 It does. And actually, those people of that age would do well to actually talk to their parents about how they dealt with the incredibly high mortgage rates because their parents would have been in that situation.

00:31:23.820 Well, in Alberta, I mean, just to tie in a little politics, but there was the National Energy Program.

00:31:27.980 That was coupled with those double-digit interest rates, massive inflation going on, and people literally had to walk away from their homes because they couldn't make the payments.

00:31:35.760 there was nobody wanted to buy the place the mortgage was too high i mean we aren't there yet

00:31:40.240 but we always got to remember if it could happen before it can happen again yeah yeah hopefully

00:31:44.640 it's going to be a while before we get there but the reality is that the longer that governments

00:31:49.040 go on with spending out of control you know making drunken sailors look like uh um they

00:31:54.240 could pass a sobriety test um the fact is is that governments are spending um public finances into

00:32:01.520 a high interest rate trap, because the more that they spend, the less they have from their

00:32:08.500 government revenues to actually go towards interest payments, and then you get trapped

00:32:11.940 into increasing taxes, and yet you have interest payments on your new debt that go up and up

00:32:18.620 and up, so you get into a very, very dangerous corner.

00:32:22.840 Yes, and then it doesn't look like we're going to be seeing stability anytime soon.

00:32:27.960 What?

00:32:28.960 Yeah.

00:32:29.960 Stability?

00:32:30.960 Well, I mean, I think there were periods in the past, at least for years at a time, but right now the world's just in a crazy place.

00:32:37.380 Something I guess that's been interesting is the world hasn't been eager to jump in and get in on a ground war with Ukraine and Russia, which is good.

00:32:44.840 I mean, we didn't have to live through that, but our parents and grandparents, you know, dealt with World War II and massive things.

00:32:50.320 They're awful. But we've gone into economic warfare, sanctions, and that's perhaps less immediately dangerous to people and harming people.

00:32:59.380 but it's really, again, causing our world economy a whole lot of fluctuation.

00:33:03.000 I think that sanctions are actually the equivalent of economic warfare.

00:33:06.300 So it's not a kinetic war.

00:33:07.860 But the reality is that if you look at different places around the world

00:33:11.860 that have incredible dependence on the supply chains coming out of Ukraine and Russia,

00:33:16.520 so this would be, you know, areas like Turkey and Egypt,

00:33:21.280 you know, in particular for wheat and different things like that.

00:33:24.180 But the entire world is really dependent on the use of fertilizers in agriculture production.

00:33:29.380 You've got, you know, non-hydrous ammonia, and you've got, you know, potassium, you've got all kinds of nitrogen, different things like that, that are incredibly important inputs to create fertilizer.

00:33:41.520 And without fertilizer, the world's food supply gets unstable and unreliable.

00:33:47.120 And if so, if you consider what happens thereafter, what happens when people get hungry?

00:33:53.500 We get more war, right? 0.71

00:33:56.160 We get angry, right?

00:33:57.200 You know, if a person misses a meal, they might get hangry.

00:34:00.280 But what happens when your food supply is genuinely compromised?

00:34:04.700 And when people think that they have nothing to lose, they lose it.

00:34:08.260 Well, and again, getting back to people who don't remember, but that was a huge thing in the 80s and 90s.

00:34:13.660 Northern Africa, I mean, they were suffering under a horrific famine.

00:34:16.760 Ethiopia, Somalia, I mean, it was terrible. 1.00

00:34:19.360 And that instability through the famine, you know, carried over for decades afterwards.

00:34:24.680 And when we're starting to impose sanctions or cut off the world's bread baskets, that's going to have longer term repercussions.

00:34:32.580 Yeah. And I mean, there are going to be some winners out of this, you know, wheat growers in particular, if you can get your hands on it.

00:34:37.600 And if you can if you can manage to carry the cost of higher fertilizer prices, you know, Saskatchewan and Alberta wheat farmers and to a certain extent in Manitoba as well are going to do well.

00:34:48.100 And northern B.C., of course, they're going to do well because they're going to be able to fetch good prices for it.

00:34:53.080 But the difficulty outside of North America is going to actually be accessing supply.

00:34:59.180 That's the problem.

00:35:00.080 And that's when we get more political unrest.

00:35:02.820 And then what about energy?

00:35:03.700 I mean, that's something that impacts everything.

00:35:05.780 And we are a conventional energy producer and exporter.

00:35:08.520 I think we're kind of maxed out right now, but that's at least to the higher prices.

00:35:11.840 But maybe we should try and build a pipeline.

00:35:13.500 That would be a novel concept.

00:35:16.440 Come on, man.

00:35:17.460 Yeah, speeding up at least the ones we've got.

00:35:19.600 You know, it's just been agonizingly slow.

00:35:23.080 But we're not seeing many indications on our federal front that they're eager to facilitate this any further than they have, unfortunately, yet.

00:35:30.080 No, you're right.

00:35:30.660 And I mean, you mentioned right at the beginning of the interview that, you know, Canada is well positioned with agriculture and energy.

00:35:37.560 Well, that's true.

00:35:38.960 But we actually have to be in a position where there is a regulatory environment that actually encourages the harvesting, not just of agriculture, but of energy.

00:35:48.580 Yeah, and delivering.

00:35:50.420 I mean, it's the whole thing all the way along the line.

00:35:52.440 And some people might want to, you know, rely on supply chains.

00:35:55.720 I mean, nobody ever talked about those more than five years ago.

00:35:58.140 And now it's so acute.

00:35:59.460 But we have to remember, too, we've been making up for the lack of pipelines through shipping oil through rail.

00:36:04.460 But that's putting pressure on our agricultural producers because they bring in their fertilizers by rail and they export their produce through rail as well.

00:36:11.800 And it's just punishing ourselves all over the map.

00:36:14.880 Yeah, absolutely.

00:36:15.660 It's like shooting ourselves in the foot and saying, see, take that, Vladimir Putin.

00:36:19.140 yeah no and then i guess just morally you know if people could keep that in mind when it comes

00:36:25.720 to calling for economic sanctions is it's not going to hurt putin but it's certainly going to

00:36:29.520 hurt a lot of people on the ground the common people who really wanted no part of this whole

00:36:33.740 mess in the first place so well it's not the people that ever make war it's only governments

00:36:37.620 yes and they're unfortunately very good at doing so lots of practice yeah so i mean again i guess

00:36:45.100 just kind of bringing things back to home you know how can uh that's your your job and role

00:36:49.500 is helping us navigate those waters or try to at least make sure we can weather this this uh

00:36:54.140 current the latest storm is as efficiently and safely as possible what tools do you guys offer

00:36:59.660 for that sort of well we have a great website with a great video library that we've built up

00:37:03.900 over the last four or five years and this saturday we're actually doing a live webinar at noon so

00:37:09.820 saturday april 9th at noon and it's called grace under pressure and it's actually about how to

00:37:14.780 to invest and how our managers invest during, you know, the chaotic environment that we're in.

00:37:20.960 And if you can attend live, that's great. But if you can't, but would like to get a recording,

00:37:25.880 you can register for that. So you can do that by register or by going to our website, which is

00:37:30.340 i-wealth at, yeah, i-wealth.ca. And you can register for free there and attend that and

00:37:38.380 gives you a sense of who we are and how we do things. Great. With the live webinar, I mean,

00:37:42.340 live versus recorded is there opportunities for questions to be posed then in that case and

00:37:46.200 answered yes absolutely yeah generally speaking the the content itself goes somewhere between 15

00:37:51.760 and 55 minutes and then we do about 15 minutes of q a great yeah just kind of wrap around to that

00:37:56.940 homesteading thing i'm taking up beekeeping this year this is a side digression and i'm doing

00:38:00.440 youtube university mostly to learn from it videos are fantastic online and everything a lot of

00:38:04.940 resources but someone said wait i have another question on this and i don't necessarily have a

00:38:08.860 live person on the other end to ask, I still can root around and find it and then the recorded

00:38:12.640 product is great, but it'd be nice to catch these instructional beekeepers live so I can avoid some 0.93

00:38:18.640 stings down the road rather than learning the hard way. Absolutely. Yeah. Okay. Well, I appreciate

00:38:23.700 you coming in. I hope folks get out to that webinar. As I said, I mean, I'm the political

00:38:27.700 weenie. I know all the names and the players and so on, but in finances, I'm a little weak and

00:38:31.720 that's why I rely on other people to show me and teach me about it. I didn't understand quite how

00:38:36.260 the bonds are working and how that's impacted. There's just so much more, but it's important

00:38:40.760 to all of us. So I mean, if I can't navigate myself, I want somebody who knows how to do it

00:38:44.860 to help me. Well, that's the beauty of a developed economy, right? We have specialists.

00:38:49.720 Yes, exactly. Yeah. All right. Well, it's been great talking to you. Thank you very much for

00:38:54.080 coming in today. And I'm sure we'll be talking again soon. Sounds good. Thanks, Corey. Great.

00:38:58.340 Thanks, Andrew. All right. So yes, that was Andrew Rowland with Integrated Wealth Management. And

00:39:03.680 well, I'll get on to talking about one of our sponsors now as Andrew makes his way from the

00:39:09.400 studio there, and that is the Canadian Shooting Sports Association. These guys have been a great

00:39:14.380 sponsor for us for quite some time now. If you enjoy firearms, if you're looking to get into

00:39:20.000 firearms, if you hunt, you target, shoot, any of those things, their name says what they are. They

00:39:25.520 are an association for firearm owners to share resources, learn from each other. As I said,

00:39:32.040 as we were talking with Andrew with videos and things that go online, they offer all sorts of

00:39:36.100 things for the safe utilization of firearms resources like that. And networking, you know,

00:39:43.220 that's part of it. Get together with other people with the same interests and discuss those things.

00:39:48.760 On top of all of that, they are lobbying on your behalf. As we've said many a time,

00:39:53.140 the government is eager and trying to take away your resources. They want to do so.

00:39:57.860 and you have to stand up for yourself or they will.

00:40:01.920 Your firearms are your right.

00:40:04.300 What the Liberals have been doing, firearm owners already know it,

00:40:06.300 is they keep recategorizing perfectly illegal hunting firearms

00:40:09.880 and calling them assault-style firearms, things like that,

00:40:13.000 and then taking them away from you.

00:40:14.400 We've got to push back or they're going to keep doing it.

00:40:16.880 So check these guys out.

00:40:17.940 This is how you can protect your assets

00:40:19.840 at the Canadian Shooting Sports Association,

00:40:22.260 cssa-cila.org.

00:40:25.520 take out a membership for them and protect your property. So yeah, just reviewing with Andrew

00:40:31.220 Ruland, like I said, finances, it's, you know, I have to admit some of the areas where I'm a little

00:40:35.540 weaker on my education than others. I know some people will tell me I'm weak on a whole bunch of

00:40:39.380 them. They're probably right on some of them. But I find that world to be a little bit confusing for

00:40:44.720 me at times. And, you know, as we start getting a little older, we start getting a little more

00:40:49.040 concerned, we actually start thinking about retirement for the first time. I mean, I'm only

00:40:52.600 51. I like to think I'm going to be working for a while yet, but I like to think at some point,

00:40:58.060 I'm going to be able to kick back and take it easy. And it's kind of scary when we see our

00:41:01.060 currencies devaluing, when we see stocks. I mean, people, everybody's got advice on it.

00:41:07.200 Not everybody's got good advice on it. So people like integrated wealth management and those

00:41:12.440 webinars, seminars like that really help us make educated choices with our finances so that,

00:41:17.620 you know, we can do the right thing with it. So check that webinar out if you get time there,

00:41:22.360 you know, integrated wealth management. These guys can show you, I guess, the disciplined

00:41:27.480 portfolio solutions. You know, there's one of the things I have seen and I've heard from some

00:41:32.000 other people and I've had friends. Trading has changed a lot over the years and it's so quick

00:41:38.340 and it's so easy, but we get a lot of people diving in. I had a friend who went in an online

00:41:43.140 trading and, you know, a lot of trading is, I'm not going to give a lot of financial advice

00:41:47.600 because I'm not great with it, but one of the things I do know is you try to look for the long

00:41:51.000 game. And the problem he was doing, of course, he keeps jumping in and out with stocks thinking he

00:41:54.880 can predict what's going to rise and what isn't. And in the end, he lost a whole pile of money

00:41:59.420 because you're still paying for those trading fees and things like that. And you don't always

00:42:04.220 necessarily pick the right horse. And that's almost how it gets. If you're going to play the markets

00:42:08.040 that way, it's like horse racing. You're kind of taking your gambles. So, I mean, hey, if people

00:42:12.580 want to, you know, mess around with their money that way, by all means. But I mean, make sure

00:42:17.220 you're safely keeping some of it stored away somewhere for your benefit. And that's part of

00:42:22.520 what I'm doing with Bitcoin, by the way. I'll go into them on that thing as well, but I'm hedging

00:42:25.440 a little over that way. Somebody was mentioning, let's look at a few of the comments here,

00:42:29.980 getting Brett Wilson on. Yeah, I had Brett on once before. That was over the rally, actually,

00:42:36.280 because Brett was offering a reward, as were we and True North News, looking for whoever the idiots 1.00

00:42:42.560 were who were walking around with a swastika flag. 1.00

00:42:45.080 We were offering thousands for that.

00:42:46.980 And lo and behold, we never did identify

00:42:48.800 who those people were and have some solid names.

00:42:52.640 So nobody collected the reward.

00:42:53.740 It was unfortunate.

00:42:54.860 But yeah, I might get Mr. Wilson on again

00:42:56.900 in the future to talk about some things.

00:42:58.500 He's, you know, mixed a lot of people,

00:43:02.180 you know, it's like anybody.

00:43:03.440 Some people really like him.

00:43:04.360 Some people really don't.

00:43:06.000 As I tweeted out, I noticed Nico was showing

00:43:08.540 my Twitter account, at Corey B. Morgan.

00:43:11.160 I tweeted out a voicemail I'd gotten from a less than fan the other day.

00:43:16.120 Boy, he threw an expletive laden bunch of insanity on the voicemail at me for a while.

00:43:23.020 I just get a chuckle out when I listen to those things.

00:43:25.640 But all the same, not everybody has to agree.

00:43:29.120 That's all I'm saying.

00:43:30.020 So you don't necessarily have to agree with Brett Wilson.

00:43:32.260 I know it's a lot of the debate that people got upset with.

00:43:34.640 both Brett and myself, actually, was over his support of vaccination and things like that,

00:43:42.420 while he's a solid conservative with individual rights outside of that. And likewise, I'm the

00:43:46.820 same. I don't have a problem with vaccination. My main thing is just it has to be choice. That's

00:43:51.380 all. And yeah, we've got some heavy coercion that's been happening, you know, taking people's

00:43:56.060 jobs away, taking away their ability to travel, things like that. That's coercion. That's not

00:44:01.140 acceptable uh vaccine mandates don't work they don't we're seeing those things now as we're

00:44:06.420 learning but uh it doesn't mean i have a problem with it itself um so let's see here what else we

00:44:14.100 got dr hinshaw and uh you know just to give a uh plug to uh one of our friendly competitors

00:44:19.540 with rebel news sheila gun reed has been covering that dr hinshaw has been in front of the courts 0.72

00:44:23.860 this is day two of it now uh giving testimony with uh the alberta government uh you know they're

00:44:29.940 They're under challenges from the Justice Center for Constitutional Freedoms and a number of other lawsuits.

00:44:37.840 And she's been answering questions and getting cross-examined by Leighton Gray.

00:44:41.440 And it's been interesting to watch some of that as it's been coming out.

00:44:44.520 I mean, she's having a hard time answering some of those questions. 0.85

00:44:48.080 And people have been waiting a long time for Dr. Hinshaw to be put before that.

00:44:51.300 You know, I end up mixed with her. 0.96

00:44:54.520 I mean, she's in a, whatever, you took the job, you take the flack and you got to take some responsibility.

00:44:59.940 that's the way it goes. But she's also got a thankless, no-win sort of job going on on that

00:45:05.980 sort of spot. You know, whenever she would move one way, everybody on one side craps on her for

00:45:11.520 opening up too fast, and then others say, oh, you're imposing on our freedoms by taking too

00:45:15.780 long, which I agree with. But she's never gotten a good ride, and now she's getting a post, well,

00:45:21.680 I wouldn't say post, but getting, you know, the pandemic's winding down some time in front of

00:45:26.340 courts to try and explain herself and i doubt she's having a good time with it but at least 0.98

00:45:30.180 we're going to get some direct testimony and um under uh cross-examination uh bc prairie girl

00:45:36.180 saying you know henchard doesn't worry that you just judiciary will cover for her i i again if

00:45:41.220 you look at chila gun reid's twitter account i shouldn't be driving too many people away from

00:45:44.180 standard hey we live tweet all sorts of good stuff too uh she's been tweeting out things from the

00:45:48.740 court as she watches it and at one point there was the alberta health services lawyer objecting

00:45:53.780 to a question and I believe it was a question from the JCCF asking for evidence and follow-up

00:46:00.260 and you know what science and studies did Dr. Hinshaw use for some of her moves they didn't 1.00

00:46:04.080 want to answer that they objected and the judge said no it's overruled we want to hear it so

00:46:08.780 hang on you know the judge had an opportunity to block things there and the judge didn't do so in

00:46:13.300 that case others are saying Bonnie Henry should go before the courts and others yeah so I mean

00:46:20.640 we're seeing finally getting hindsight we're finally able to look back that's what was going

00:46:25.680 on about health care and those options and things like that earlier too you know we've got two years

00:46:30.720 of this behind us now we should be looking at things and learning from them seeing some committee

00:46:36.160 things you know we see that the emergencies act was completely unjustified we see that the

00:46:40.000 government overreached we're learning that in hindsight of course the only thing we have to

00:46:44.880 do is make sure that we're not going to be doing it again that's easier said than done

00:46:48.160 um so let's see this is a federal agency declined comment on a project manager oh yeah he boasted

00:46:55.220 of joining counter protests against the freedom convoy because we had these these counter

00:46:59.220 protesters going out there a small amount of them we had that going on in calgary too they were

00:47:02.600 causing more problems than anybody with the convoy and he called the truckers anti-trudeau

00:47:06.860 roughnecks you know so uh and and federal guides say that employees at least senior ones him must 0.94

00:47:14.840 be politically neutral. Uh, well, a lot of people, the convoy certainly weren't, uh, Trudeau

00:47:21.140 supporters, but most of what they were out for was again, uh, uh, against the mandates against

00:47:27.420 the vaccine mandates, no matter who was going to bring them in, whether it was Trudeau or anybody

00:47:30.860 else. But I mean, it shows that partisan nature of this and roughnecks. Well, I'm guessing maybe

00:47:36.800 he meant rednecks. I don't know. It doesn't matter. He was trying to mean it as a slur.

00:47:40.160 that's for sure. I mean, roughneck is typically an oil field term, and it's not that much of a

00:47:45.520 derogatory one, at least not out here in Alberta. But this guy saying, I was opposed to the goals

00:47:50.360 of the convoy from the beginning, said Nikolai Kristoff, a biologist with the Canadian Food

00:47:54.780 Inspection Agency. So I grew increasingly furious with the protesters, and I went to the front lines

00:48:00.500 of every counter protest. And he identified himself as a federal employee as he wrote his

00:48:07.640 newspaper commentary, critical of the convoy. This is a senior government person. I mean,

00:48:13.340 are we going to get unbiased government? Are we going to get proper government? Or as Rene is

00:48:18.400 saying, they're so tired of the name calling, you know, the spitting out of these things,

00:48:22.160 this constant abusing of each other as citizens. You know, there's some of the

00:48:27.260 indicators of what we were seeing earlier with a weird poll that was done. I say weird just because

00:48:35.020 i mean we already knew all they were doing is confirming i guess the numbers but saying you

00:48:39.100 know canadians have found themselves more divided over some of the uh things due to the pandemic and

00:48:44.620 the vaccine mandates and such well of course we have what do you expect i mean we've got a prime

00:48:50.140 minister labeled people who are vaccine hesitant as being you know white supremacists and nazis and 0.89

00:48:56.940 crap like that and of course when we get it trickles down to people like these senior public 0.97

00:49:01.660 employees who feel they have the right to do the same thing, the right to label fellow Canadians 0.99

00:49:05.660 the same way. You don't have to agree, but we've got to start learning to respect each other a

00:49:12.020 little bit, honestly. It shouldn't be that hard, a degree of respect. Speaking of respect, and I

00:49:19.320 know we had, as I had Mike Baker on yesterday, he's a VP or a former VP of the Police Officers

00:49:27.740 Association in Calgary and Alberta White as well. And they're having a big problem. It's still going

00:49:33.260 with the thin blue line patches. And I know some people have been upset with some police behavior.

00:49:38.060 Fine. We can disagree on things. We can agree on things. I don't think anybody's going to pretend

00:49:42.680 that the police have been saints in every circumstance. But at the same time, they have

00:49:48.020 a rotten job and a tough one. And when they're constantly getting crapped on, no matter what

00:49:52.640 they do, what side they take or what they, you know, act, morale is going into the roof, into

00:49:59.120 the toilet. So RCMP, this news is applications plummet. So it says the image of policing is so

00:50:05.160 poor that applications to the RCMP have plummeted. The Commons Human Resources Committee was told

00:50:10.080 yesterday, almost a third of those who do apply are accepted and are accepted, never even bothered

00:50:16.240 to finish training. So 30% of those, once they apply and realize, yeah, you're in, and I don't

00:50:21.140 know how long that takes, but they just say, ah, screw this. I don't like where it's going. And

00:50:25.220 they don't finish the training. And this is from the National Police Federation. They're saying

00:50:30.740 policing is no longer considered as an attractive career as it used to be, testified Brian Sauve,

00:50:35.460 president of the federation. Police services across North America are seeing a decline in

00:50:39.700 applicants. But is that that surprising? You know, again, throughout the BLM protests and such, I mean,

00:50:47.520 they were getting spit on. They were getting yelled at. They were getting berated.

00:50:52.940 Speaking of disrespect, speaking of smearing a large amount of people over the actions of a few,

00:50:59.020 most of the officers at those protests had absolutely nothing to do with any of the things

00:51:04.540 that were being protested. They'd done nothing wrong, but they get that abuse, and the government

00:51:08.320 officials abandoned them. They backed away. They ran away. They were scared of the protesters.

00:51:12.700 of course you feel demoralized. Some of the language here in Calgary, and I think people

00:51:18.660 are seeing it in their civic politicians in general, is outrageous. I mean, Giancarlo

00:51:24.940 Carra, who's just a loony left counselor in Calgary, and every city's got them, we know that,

00:51:29.960 but he is just outright vitriolic towards the police and threatening, you know, he's saying,

00:51:37.400 I'm going to, you know, there's going to be repercussions if you dare wear those patches,

00:51:40.700 you dare show pride. Let's strip that thin veneer on what these politicians are saying.

00:51:47.820 They keep saying this patch was identified as something horrific and racist and colonial and

00:51:54.000 blah, blah, blah. Come on. The polls did show that only 5% of people even in general knew what the

00:52:00.440 patch meant. And once it was explained to them, well over 75% of people were perfectly fine with

00:52:05.380 it. But it became a symbol. And the reality is these politicians, particularly the ones have an

00:52:11.540 anti-policing mentality in general, and it's not doing us any favors. It's stressing police

00:52:19.460 officers. It's putting them under pressure. And again, as I said before, that leads to them

00:52:23.960 potentially acting out more. And now people don't even apply. I mean, think about that for those of

00:52:28.600 us who are a little older. We remember Sesame Street and things like that. I mean, the police

00:52:32.720 officer was supposed to be the member of your neighborhood, the one as a kid you were told you

00:52:36.400 go to if there's ever anything to be afraid of, you go to the police officer, they'll help you

00:52:40.380 out. It was an honored career. It was something that, you know, a person should aspire to get

00:52:46.180 into. And again, not every police officer is a good actor. I understand that. But most of them

00:52:50.940 did. And now 30% of her applying even or dropping out. People don't want to become that. I mean,

00:52:59.120 remember the old RCMP, there was that vision of Canadians, that red uniform, riding the horses,

00:53:05.520 going along. That was something that, you know, a lot of kids wanted to be. It's not happening

00:53:10.600 anymore. Now, as we have fewer and fewer applicants for these roles, the quality of those who get

00:53:17.720 through isn't going to get better. That's a straight out supply and demand sort of thing.

00:53:21.860 I mean, not saying every person who's going to go through and follow up and become a police

00:53:25.280 officer is going to be of lesser quality, but the fewer applying for the job, the fewer better

00:53:31.380 applicants you're going to be able to choose from. I mean, then you're going to start getting police

00:53:33.980 forces saying, we'll take anybody and everybody. And again, not everybody is appropriate to be a 0.53

00:53:38.840 police officer. And when you get the inappropriate people into that role, well, that's when we get

00:53:43.520 the ones that are doing things wrong. So we're on a bad trend and we've got to figure out how to deal

00:53:47.580 with that. I mean, you know, somebody's saying who would want to work for a corrupt government

00:53:52.800 as a police officer? Well, I don't know. I mean, who'd want to work as a police officer at all is

00:53:56.040 what I'm saying these days. People can differ on whether or not the government's corrupt at any

00:53:59.760 given time or which government. I mean, I do feel our government is wrong and corrupt in many ways,

00:54:04.520 but it doesn't take away the need that we have to have police officers in a civilized society.

00:54:07.880 We're not going to be safe without them, guys. We have to have them. You know, when that store

00:54:12.780 is being robbed, we need somebody to respond to it. When a person's being assaulted in the street,

00:54:17.080 we need a police officer. When there's a domestic abuse incident with somebody beating the crap out 0.93

00:54:21.280 of their spouse. We need that intervener. Some of the stuff they have to see, the murders,

00:54:26.640 the child abuse cases these guys have to deal with, and women in the force. And I mean,

00:54:31.140 it's asking a whole lot of a lot of people, and then to have their bosses, their leaders,

00:54:36.140 their representatives constantly on their case for it is not good. So let's go further on the

00:54:43.960 news. It seems my guest is late. They love doing that on this live show. Eva was saying,

00:54:49.040 stop the spending. This is something, yeah, MPs have told cabinet that they have to stop deficit

00:54:54.980 spending. Oh, that's a given, right? And they recommended the cabinet present as soon as

00:54:58.900 possible a plan to return to a balanced budget as the first of 222 recommendations on finances.

00:55:04.960 The government's not going to do that. I mean, but you know, I think, what was it? I'm going to

00:55:09.580 have Franco on at the end of the week because we do have a federal budget coming out on Thursday.

00:55:14.140 And I think the last estimates were putting it at a balanced budget maybe by 2090 or something. I

00:55:18.940 I mean, we got a prime minister who is going to have died, even though he's the same age as me, of old age by the time they even consider a balanced budget.

00:55:27.400 He doesn't care, and his followers don't care, and most of them don't care.

00:55:30.820 That was part of what I was talking with Andrew about, you know, getting some economic reality out here, some dollars and cents reality.

00:55:37.000 Speaking of deficits, I think your common citizens have a lot of those deficits.

00:55:40.120 We can't keep borrowing like this.

00:55:43.080 Deficit last year, I mean, this is where some people get confusion too, you know, deficit and debt.

00:55:47.000 Deficits, what they're short of year by year, that's that cumulative amount.

00:55:53.000 So the deficit last year was $327 billion.

00:55:57.100 That's their estimate.

00:55:58.460 One year.

00:55:59.680 The previous record was $55 billion.

00:56:03.540 Like, look at that, the massive increase in that.

00:56:06.660 It's insane.

00:56:09.000 So it goes without saying that they've got to cut their spending.

00:56:12.320 But then they're not going to.

00:56:13.500 We are in some terrible, terrible waters.

00:56:19.340 Let's get a little more local again.

00:56:21.000 We got some news from the UCP and their ongoing internal battles and fights.

00:56:26.840 Sugarwood Park constituency board members, I guess they sent a letter, never even got a reply,

00:56:32.800 asking for the results of a February 8th annual general meeting.

00:56:39.360 Or asking for those results to be suspended.

00:56:42.400 So the former CA director, Jordan Hodges,

00:56:45.160 sent a reminder to the UCP president, Cynthia Moore.

00:56:48.540 And just saying, you know,

00:56:49.920 we sent the message two months ago

00:56:51.080 and have had no response.

00:56:52.300 That party is in dire, dire trouble.

00:56:55.560 It's, I don't know what's going to fix it for these guys,

00:56:58.280 if it can be fixed.

00:56:59.920 So the date, we're four days away

00:57:01.700 from when the Red Deer fiasco was supposed to come along.

00:57:05.540 That's not going to happen now.

00:57:06.820 It's going to be a mail-in ballot thing.

00:57:08.520 And we're seeing a lot of very questionable things

00:57:10.440 about some memberships that came in shortly before the, the deadline. I know there's been

00:57:15.040 some investigation on that. We're looking farther into those things as well with that, with the

00:57:19.400 AGM. I think we're in for a few more weeks of crazy news with that. You know, some people

00:57:25.240 saying, get rid of Kenny. Yeah, I think that's what a lot of people want to do. I don't know

00:57:29.900 what you can do, right? The internal party mechanisms get controlled by the top and it

00:57:38.320 It looks like the party executive is beholden to the leader.

00:57:41.440 So there's no means of reviewing.

00:57:43.380 Again, what I'm saying is I'm going to throw a prediction out there.

00:57:46.720 I throw them out all the time.

00:57:47.780 They're often wrong.

00:57:48.940 Sometimes I'm right.

00:57:50.200 Some people say I can broken clocks right twice a day.

00:57:52.940 I think Kenny might win this by a narrow margin, like 55% or something,

00:57:57.600 which is going to be terrible.

00:58:00.720 He's going to say it's a mandate, and part of his justification is going to say,

00:58:03.540 look, we just don't have time to go into a leadership race now.

00:58:06.500 The election is less than a year away.

00:58:07.920 we just can't do it. You're just going to have to stick with me, and I'll win over that 45%

00:58:14.000 in the next eight, nine months. See, they're purposely every trick in the book to kick the

00:58:18.600 can down the road not to be accountable to the members. And if they're not accountable to the

00:58:22.680 members, they're not going to be accountable to Albertans. If you can't even show accountability

00:58:27.460 and respect for democracy to those who paid and took part in your party, how are you going to

00:58:33.260 respect the province as a whole. It's very disturbing. As I've said, I'm sad when I report

00:58:39.660 on and make these predictions, though. I really wanted Jason Kennedy to do better. I really

00:58:44.300 thought he was going to do better. I was very supportive of him when he got the UCP together

00:58:48.640 and when he won that leadership. And now I just, I can't. But then I don't know if we're going to

00:58:53.960 do any better with all the alternatives. You know, we got Brian Jean out there. He's been

00:58:57.900 running around, but most of his campaign is based on spite. Would he be any better than Kenny? I

00:59:03.940 don't know. You know, I'm not that confident that he would. A lot of part of why people have said,

00:59:10.440 you know, the reason that they can't support, you know, ousting Kenny at this point is that there's

00:59:14.340 no replacement or not one that they can accept at this point. And I don't see Jean inspiring the

00:59:20.420 world, but who knows? Things could change. Danielle Smith now has stepped out of the, you know,

00:59:24.960 Woodworks, I wouldn't even say that. She's been on our shows and about around here and everything,

00:59:29.120 but she's made it clear if the position opens, she'll run for it. It's a little less aggressive

00:59:33.320 than Brian Jean, so she's not trying to knock Jason Kenney from his role, but she's saying if

00:59:37.680 he doesn't have it anymore, she will run for the leadership, and she's going to run for an MLS 1.00

00:59:41.460 MLA seat right now. As I spoke earlier, I mean, I was on with the MLA for Airdrie Cochran there,

00:59:50.000 Guthrie and uh he's been very critical of Jason Kenney very directly so and uh there's not going

00:59:57.540 to be a place for him in that party after this race I asked him about it he didn't say directly

01:00:03.220 what would happen but I said you know what's going to happen with you if Jason Kenney stays in because

01:00:06.500 you've kind of crossed a lot of lines of no return he says well we'll have to you know see what we do

01:00:10.440 about it at the time but the reality what he's saying is he knows he's basically hooped so would

01:00:15.920 Lila here probably be, Jason Steffen, some of the others have been very vocal. So we're going to

01:00:21.940 have a divided caucus. You know, we're going to have more than a divided caucus. We're going to

01:00:26.180 have a divided house. Somebody else pointed out Todd Lowen. I love Todd. He's a fantastic guy,

01:00:29.900 principal. Drew Barnes in there. A few MLAs cross that floor to those guys, and suddenly you have

01:00:35.520 another party with party status, with a research budget, with questions in the house. And boy,

01:00:40.700 we're looking a heck of a lot like we did towards the end of Redford's government,

01:00:44.540 which unfortunately led to a term of not Lee's government which was it was not an improvement so

01:00:50.680 we've got a very difficult circumstance to look forward to here and that's where again I think

01:00:57.480 personally I you know and I don't have a membership maybe I'll be proven wrong but

01:01:02.260 it'd be better to get Kenny out and replace him and try and get a fresh start I don't know who

01:01:06.540 but I don't think he can fix this in time this party is too ripped up too internally divided

01:01:11.740 If he tries to cling within, I think they're going to tear themselves apart further.

01:01:16.240 We're going to have a legislature with MLAs, with multiple parties sitting in it, multiple

01:01:20.780 conservative parties sitting in it.

01:01:22.760 And that is going to potentially, at least, lead to Rachel Notley waltzing back into the

01:01:29.600 premier's chair, even if only 30% of the province supports her.

01:01:33.820 Gary's saying maybe Jeremy Farkas.

01:01:35.280 That's an interesting one.

01:01:36.160 I don't know.

01:01:36.800 I mean, Jeremy, you know, he's on that charity hike all the way from Mexico.

01:01:41.060 it's something worth watching he's been if you don't follow Jeremy Farkas he was a candidate

01:01:45.700 for mayor in Calgary he was a councillor for some years very outspoken very libertarian he was often

01:01:52.180 rubbing council and the mayor with Ninchy the wrong way he made a run for mayor though didn't

01:01:58.620 win Jody Gondek won so now he's doing a charity thing I think it's for big brothers and sisters

01:02:03.780 and it's a hike he's hiking all the way from the Mexican border to Canada he's been raising great

01:02:08.200 funds and taking some excellent pictures. I don't know if Jeremy's interested in getting back into

01:02:13.240 politics again or not. I'm sure he's kind of part of this fundraising is clearing his head.

01:02:17.300 It was a hard blow losing that leadership raise or leadership, the mayoral race, but it's another

01:02:21.580 name, you know, keep throwing those names out there. Maybe he does after when he's done with

01:02:25.480 this, want to go into provincial politics. I don't know. I don't know if he'd be the one to

01:02:28.620 lead necessarily either. It's a big question mark there. Let's see. Shirley's saying, I think

01:02:37.080 can he take the UCP down with him as he'll never resign? I don't know. I'm kind of worrying about

01:02:41.120 that, that just he's going to cling no matter what and no matter how negative it gets. So we're just

01:02:46.940 going to have to keep watching it unfold and keep covering it as we go. Yeah, somebody else, you

01:02:52.760 know, surely saying Peter Guthrie or Todd Lowen should run for the new leader. Maybe. They're

01:02:56.160 certainly showing principles, you know, they're standing up. They just won't take it anymore.

01:03:00.240 And, you know, for every one of those who are openly speaking about the UCP from within caucus,

01:03:05.140 You know there's a number of others who are just quietly sitting on the back bench, but they're not content. They're ready to move. They're ready to roll. And they're not going to stay in if Kenny stays on as the leader. So we're going to see what happens there.

01:03:18.400 uh another uh side note of um let's see crazy politicians i'll just give a quick personal

01:03:27.400 story as i ramble on for my uh belated guests here um i see that edmonton looks like they're

01:03:34.620 going to stop spraying for mosquitoes this year and this is relevant to everybody in canada too

01:03:38.360 it's funny because municipalities do this over and over again this this could happen in your

01:03:41.820 municipality if it hasn't already i grew up in banff you know back in the 70s and 80s as a kid

01:03:46.440 and there's always the eco kooks or anti spraying for mosquitoes you know they want to save everything

01:03:51.140 all the way down to the little mosquito and they don't understand chemicals they're scared of

01:03:55.080 chemicals you know water is a chemical guys and there are some very benign chemicals that keep

01:03:59.200 mosquitoes under control mosquitoes by the way are the one of the number one killers in the entire

01:04:05.840 world malaria of course is spread through mosquitoes yellow fever all sorts of nasty

01:04:11.060 diseases are spread by mosquitoes and we have them in every part of the world i've traveled all over

01:04:14.680 the world. It's the only two things that are common no matter where I go. There's always

01:04:18.260 mosquitoes and ravens. I like ravens, but there are commonality everywhere. Either way, we keep

01:04:25.300 them under control in our urban areas. I think a lot of people don't even necessarily realize it

01:04:29.860 until it's gone. So a bunch of tree huggers and hippies and damp back in the, it would have been 0.83

01:04:38.860 the early 80s, one year, because they used to spray around the town site. You know, they spray

01:04:42.220 some sloughs and areas and things like that with some mosquito control products. It would just keep

01:04:46.440 them down. They'd still be around, but unless you went into the woods, it wasn't bad. So they said,

01:04:50.300 fine, we won't do it this year. And they didn't. Oh, what a summer. It was unbearable. You could

01:04:56.260 not go into your yard. You could not leave your house. Those things would just coat you. They

01:05:02.080 drove you bananas. And you know what? It taught a lesson to those people because they shut the

01:05:07.080 hell up the next year when the spraying resumed again, because they realized that whatever problem

01:05:11.840 they might have with spraying wasn't nearly as insufferable as not spraying. Edmonton,

01:05:17.640 unfortunately, it looks like is going to learn that lesson this year. They're going to stop

01:05:22.000 spraying around the city. So guys, you better buy up, stock up on the bug dope as if you get

01:05:27.700 that good cycle of a few rainy days in a row and, you know, some sunshine, they're going to eat you

01:05:34.800 alive. And as I said, just careful what you wish for guys. I'm going to talk about our sponsor one

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01:07:09.560 I am going to wrap it up, guys. Mr. Cooper must have been delayed or something somewhere else.

01:07:15.780 So, well, we'll try and catch him a little later. I got a good show coming up tomorrow. Actually,

01:07:20.680 I'm going to be talking to Colin Craig of secondstreet.org. They've done a lot on healthcare

01:07:24.680 reform. I kind of started those gears turning today when I was talking about health and the

01:07:30.180 need for reform and the firing of that, of Dr. Yu. And Colin Craig will be able to expand

01:07:37.420 further on that though with, you know, how, how can we reform it? What can we do? Some numbers,

01:07:43.700 some breakdowns, some things like that, because they've been a very effective organization on

01:07:46.820 that front and things like that. And as well, I'm going to have David Crayton. He's our Ottawa

01:07:53.840 columnist out there and his columns have been coming out. Just if you want somebody who takes

01:07:58.280 great shots at Prime Minister Trudeau, David Creighton is your man. He eviscerates him regularly.

01:08:04.380 Shirley asking what happened to Barry Cooper. I'm not sure. We'll follow up with that after the show.

01:08:07.700 Shirley, he was to be on. He didn't show up. Perhaps it was a time zone confusion or something.

01:08:12.580 I don't know. That's one of the challenges of being live. I love being live. It's great. But

01:08:16.860 of course, sometimes it has its other challenges in times like right now. We'll see about getting

01:08:22.260 them again later on. So Les asking whether Bitcoin is safe for retired people, is it safe to invest

01:08:29.500 in? Well, I won't give people direct financial advice, but what I will say is if you're interested

01:08:33.160 in Bitcoin, like I said, go to BitcoinWell.com. Reminding everybody, if you're following on

01:08:37.820 Facebook, YouTube, Rumble, all those sites we're on, we're streaming to Twitter even. Make sure to

01:08:42.860 like, follow, hit those alerts so they pop up when you see that. We get specials coming up all the

01:08:46.920 time. We do live breaking news and you don't want to miss any of that. And it helps us keep

01:08:52.900 spreading that word. So again, we're going to have a good show coming in tomorrow. And I'm certain

01:08:57.940 Colin Craig's going to begin as is David Creighton and more to come throughout the week. So thank you

01:09:02.460 all for tuning in today, guys. And I'll see you tomorrow at 1130 a.m. sharp.

01:09:16.920 Transcription by CastingWords

Western Standard - April 06, 2022

LIVE SHOW - Triggered： Alberta’s firing of Dr. Verna Yiu is a good start.

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