0:01 Hello, welcome back everyone.
0:03 Unsurprisingly, the results of the
0:04 leadership review for the Conservative
0:07 Party held in Calgary yesterday had
0:10 delegates unanimously vote Pierre Palv
0:12 to continue as their leader. Now, one
0:14 thing they didn't vote on was to change
0:16 their party's name because obviously
0:18 they are no longer the Conservative
0:19 Party of Canada. They should rename
0:22 themselves the Republican Party of
0:24 Canada because Republican MAGA policies
0:26 and rhetoric are the policies and
0:27 rhetoric that their leader chooses to
0:29 parrot all the time. Now the US
0:31 president has been very vocal about some
0:34 of his positions. For example, he
0:36 despised the US justice department and
0:38 was very critical of them for not going
0:41 after the previous president and uh
0:43 locking him up. If that corrupt
0:46 injustice department, as he calls it,
0:48 did its job, Joe Biden would be in jail
0:51 right now. So he's reworked the Justice
0:52 Department in the United States. What's
0:54 Pierre Pio's opinion of the equivalent
0:57 agency in Canada, the Royal Canadian
0:58 Mounted Police? Many of the scandals of
1:00 the Trudeau era should have been
1:02 involved jail time. I mean, Trudeau
1:05 broke the criminal code when he took a
1:07 free vacation from someone with whom he
1:09 had government business. It's just like
1:10 it's right there in the criminal code.
1:13 If the RCMP had been doing its job and
1:15 not covering up for him, then he would
1:18 have been criminally charged. Um, and
1:20 again, he vi probably violated the
1:22 criminal code and the SNC Lavalin
1:24 scandal. Uh these would normally have
1:26 led to criminal charges, but of course
1:29 the the RCMP covered it all up and uh
1:31 the leadership of the RCMP is just
1:33 frankly just despicable when it comes to
1:35 enforcing laws against uh the Liberal government.
1:36 government.
1:38 >> Ah the leadership of the RCMP is corrupt
1:40 and if they had done their jobs, Justin
1:42 Trudeau should be in jail. I wonder
1:43 where we got that idea. Now the US
1:45 president has been critical of another
1:47 leader of another independent
1:50 institution in the United States, the
1:52 chairman of the Federal Reserve. He's
1:54 called him all sorts of names and says
1:55 he doesn't know how to do his job and
1:57 he's threatened to fire him. I wonder
1:59 what Pierre Pio's position is on the
2:01 equivalent person in Canada, the
2:03 governor of the Bank of Canada.
2:05 >> I've already announced that I will fire
2:07 the governor of the central bank to get
2:08 inflation under control.
2:09 >> So, do Canadians have a right to sue back?
2:10 back?
2:11 >> They don't, but they should. That's a
2:13 good point. You should be allowed to sue
2:15 the Bank of Canada for the fact that it
2:17 has destroyed so many people's
2:20 livelihoods and house households. Hm. I
2:22 wonder where he got that idea. Another
2:24 policy that the US president is pursuing
2:27 right now, a very unpopular policy, is
2:30 deploying US troops in US cities to keep
2:33 US citizens safe. That's something we
2:35 could never expect from Pierre Poly, right?
2:35 right?
2:39 >> Affordable home, living on a safe street
2:40 protected by [music] police and soldiers.
2:41 soldiers.
2:43 >> I don't know if that's going to fly with
2:44 Canadians. Living in neighborhoods
2:46 protected by soldiers. You'd have to be
2:48 pretty scared for anyone to accept that.
2:50 And of course, in the United States,
2:52 that's only possible because of the
2:54 rhetoric of the US president that under
2:55 Joe Biden, immigration was out of
2:57 control and criminals were allowed to
3:00 flood into the country, undermining the
3:02 security of Americans. That's certainly
3:04 not a conservative talking point, is it?
3:06 >> I mean, 10 years of catch and release
3:08 has left Canadians endangered. Uh, we're
3:11 going to repeal catch and release, lock
3:13 up the criminals, and make it so people
3:16 feel safe again in their communities.
3:18 Uh, there's immigration. We'll be
3:19 talking about the fact that immigration
3:21 is still out of control and the the
3:23 government is allowing criminals and
3:26 false refugee claimments to come in and
3:28 undermine our security.
3:30 >> Oh well, I guess it is then. But let's
3:32 turn to economic policy because
3:33 obviously we're not going to follow in
3:35 the steps of the United States the
3:37 disastrous policies that they're
3:39 implementing there. The main policy or
3:41 the only policy the US president has
3:43 implemented was the big beautiful bill,
3:47 a massive tax cut. And everyone knows
3:49 that when you cut taxes a lot,
3:51 government revenue decreases and the
3:53 deficit skyrockets.
3:55 Everyone knows that. So I mean the US
3:58 has decreased taxes for the rich and now
4:00 their deficit is spiraling out of
4:02 control. That obviously won't be the
4:04 policy of the Conservatives in Canada.
4:05 >> Affordability. That is the single
4:09 biggest issue facing Canadians after 10
4:11 years of Liberal inflation. So how do we
4:13 take it to the next level? We go to more
4:15 people and tell them that we're going to
4:17 cut back on the inflationary deficit so
4:20 that dollars go further. We uh make
4:21 clear that we're going to cut taxes on
4:24 work, investment, energy, and home
4:26 building so that people have bring home
4:28 more and they pay less.
4:30 >> Oh, well, I guess that's exactly Pier
4:33 Polio's policy. Cut taxes on everything,
4:36 decrease government revenue, uh and cut
4:39 the deficit. Everyone knows that those
4:41 two things are mutually incompatible.
4:44 Uh, if you cut taxes, you decrease
4:46 government revenue. And if you do that,
4:48 the deficit goes up. So, there must be
4:51 some secret cuts planned. Well, the
4:53 United States did have some secret cuts
4:54 planned. They didn't tell anyone, but
4:56 now they're cutting healthcare. Oh,
4:58 well, I guess Pierre Polyv hasn't told
5:01 us about his secret cuts yet. I wonder
5:02 where he'll get the ideas of what to
5:06 cut. H, okay. Okay. But wait a minute.
5:08 There's some schemes and ideas that the
5:11 president is involved in that are way
5:12 out there like promoting
5:14 cryptocurrencies and selling his own
5:17 coin for himself and his wife. I don't
5:18 think the president really understands
5:21 cryptocurrencies, but he's making a lot
5:22 of money off them. Pierre Py obviously
5:25 understands cryptocurrency much better
5:26 than the president of the United States.
5:29 >> Okay, so April 2020.
5:31 So since around that time, house prices
5:35 in Canada have gone up by about 50% in dollars,
5:36 dollars,
5:40 >> right? Okay. So 50% in dollars, right?
5:42 >> But in bit, if you had been if your
5:46 source of money was actually Bitcoin,
5:47 >> you've said you you've increased the
5:49 purchasing power of Bitcoin relative to
5:51 the dollar by six times over, right? It
5:53 went from 10 grand to 60 grand, right? >> Bingo.
5:54 >> Bingo.
5:58 >> Right. So basically if if you had you
6:01 had at the time purchased at that price
6:05 your Bitcoin the cost of housing in
6:07 Bitcoin has actually gone down because
6:09 Bitcoin has in has gone up in value
6:12 faster than housing. So it's actually
6:14 interesting. It's not so much that
6:17 housing is becoming more expensive as
6:20 that our dollar is becoming less and
6:23 less valuable. Yeah. So, you know,
6:25 because we measure our house prices in
6:27 Canadian dollars and the government has
6:29 been destroying the value of the
6:31 purchasing power of that dollar. It's
6:34 actually the dollar dollar strength that
6:36 has been reduced relative to houses
6:38 rather than just houses increasing
6:41 relative to dollars. Whereas, you
6:43 protected yourself from that phenomenon,
6:43 didn't you?
6:45 >> Uh, just a second. I take that back. I
6:47 think the president of the United States
6:49 understands cryptocurrencies more than
6:52 pure poly. What was he saying? That uh
6:54 the price of Canadian houses has
6:58 actually gone down if you owned a cryptocurrency
6:59 cryptocurrency
7:04 because the in real dollars
7:06 the the dollar went down in the cryp I
7:07 didn't really understand what he was
7:09 saying. But hold on a second. Hold on a
7:11 second. You can't judge a person just
7:12 from some comments he's made on
7:14 cryptocurrency. A lot of people don't
7:16 understand cryptocurrency. This is a
7:19 conservative leader. Conservative voters
7:22 are fiscally responsible and they're
7:24 interested in good solid economic
7:26 policy. And Mark Carney, that guy, he's
7:28 worked in finance his whole life. He's
7:29 been the governor of the Bank of
7:31 England. He's been the governor of the
7:33 Bank of Canada. He What does he know
7:36 about economics and the economy? Now,
7:38 Pierre Polyv, this guy's a sharp cookie.
7:40 He can explain exactly how the economy works.
7:41 works.
7:44 >> Listen, money is like it's the price
7:47 signal. It's like a laser beam, right?
7:49 It's like u Milton Friedman, the great
7:52 economist, talked about how um no one
7:55 can make a pencil. Yeah. Pencils are
7:57 made by thousands of people who don't
7:58 even know they're making a pencil,
8:00 right? Like they could be in a mine
8:03 producing the minerals to make the
8:05 yellow paint. Uh someone else is cutting
8:07 down the lumber to make the wood.
8:09 Another person is in another part of the
8:12 world mining the lead. Um the the the
8:14 rubber for the eraser comes off a rubber
8:18 tree in Asia. And all of these different
8:20 components are being made by workers who
8:22 have no idea that they're making a
8:23 pencil. So why are they making it? Well,
8:25 because they're being zapped a price
8:27 signal. Their company is being told,
8:28 "This is what lead goes for. This is
8:31 what lumber goes for. This is what
8:33 rubber goes for." And that price signal
8:35 incentivizes the production. And so they
8:38 all conspire to create this pencil. And
8:42 then they zap one single number to your
8:46 local store which says this pencil costs
8:49 you, you know, 25 cents. And that is a
8:50 price signal, a piece of information
8:54 that is zapped to the right to the uh
8:55 person's purchasing. They say that
8:57 pencil's worth more than the cost. I'm
8:58 going to buy it. Right? But when you
9:01 screw up that price signal, you mess up
9:03 the entire system. Right? It's like when
9:04 remember when we had those maybe you're
9:06 too young those old televisions with the
9:08 antennas and you you move the antennas
9:10 out of the way and the whole screen goes
9:12 uh staticky. Yes.
9:14 >> Well, that's effectively what happens
9:16 when you screw up the price signal with
9:18 inflation. The relationships between
9:21 buyer and seller, between uh lender and
9:24 borrower, between saver and spender,
9:27 they get all screwed up and the the
9:28 system the information signals get
9:31 messed up and the economy starts to
9:33 break down. And but if you have sound
9:35 money, then that you have clear simple
9:38 communication of price information and
9:40 value between human beings and allows us
9:43 to collaborate spontaneously to create
9:45 the most magical goods that save lives,
9:47 that improve our health, that bring
9:50 families together, and make for a better
9:58 >> I guess that's the definition of
10:00 fiscally responsible. Zap. Well, at
10:02 least in Canada, we're dedicated to
10:05 maintaining the integrity of our news
10:06 agencies. We're not going to go down the
10:08 path, you know, the president labeling
10:11 any news organization that asks tough
10:13 questions or reports on things that he
10:15 doesn't like the way they're doing it.
10:17 Just labeling them fake news. You're
10:19 fake news. And threatening to revoke the
10:20 licenses of some of the news
10:22 organizations down there. At least
10:24 that's not a possibility in Canada. No
10:26 one's talking about going after any news
10:28 organizations in Canada.
10:30 >> I'm going to defund CBC. That's my commitment.
10:30 commitment.
10:32 >> Well, at least Pierre Piv doesn't look
10:33 ridiculous like the president of the
10:35 United States. At least he doesn't smear
10:38 his face with orange paint. I mean, look
10:40 at him. His hands and his face are the
10:43 same color. Oh, well, I I guess he did
10:49 Your face and your hands are a different
10:51 color now. So, congratulations to the
10:53 Conservative Party of Canada. You've
10:55 selected the United States President,
10:58 the bombastic buffoons mini me. You
11:00 should change your party's name to the
11:02 Canadian Republican Party of Canada. You
11:05 allowed the grassroots of your party,
11:07 those who live in Alberta, the extreme
11:10 right-wing of your party, people who
11:11 used to vote for Preston Manning's
11:14 Reform Party, people who until recently
11:16 voted for the People's Party of Canada,
11:19 the most extreme right-wing, separatists
11:21 in Alberta. You allowed that small group
11:23 of people to select your leader and you
11:25 forgot to change your name to the
11:28 Republican Party of Canada. You chose
11:29 him, you're stuck with him. But
11:31 Canadians who are capable of rational
11:34 thinking, who actually listen to what he
11:37 says, understand who he is. Leave some
11:39 comments in the comment section. Let me
11:40 know what you think. Subscribe to the
11:42 channel if you're enjoying my content.
11:44 Have a fantastic rest of your day,
11:47 everyone, and I'll catch you all
