(0:00 - 0:29) There is a psywar going on under the noses of Canadians, and most haven't got a clue. Donald Trump is levying tariffs against Canada and justifying it as a means to stop fentanyl and potential terrorists from passing across our border into the US. But if that's the reason, why is he also levying tariffs against Europe and China? Terrorists and drug mules are not slipping across the border from Europe into America. (0:30 - 0:55) And then there's Mark Carney, a former governor of the Bank of England and the Bank of Canada, a central banker with globalist ties who infamously called himself a European, and who announced just two days after his inauguration that Canada would issue US-denominated debt. And to who? Europe. 300 billion dollars of it. (0:56 - 1:16) Trump's Fortress America plan has the US withdrawing militarily from conflicts outside their borders, while Trump himself is working to defuse the Ukraine-Russia war. A war that Europe obviously wants. Many European countries have recently dramatically increased their military spending and pledged support for Ukraine. (1:17 - 1:30) Because they're outraged over Russia's incursion? Not likely. Russia annexed Crimea in 2014. And began a full-scale invasion of Ukraine three years ago, and Europe did nothing. (1:31 - 1:53) So why the sudden commitment of funding soldiers and weapons to defend Ukraine? Recently, I was forwarded an open letter written by Brett Oland, the CEO of Bow Valley Credit Union. Brett is not only a banker, but has been fighting his own war against globalist control in Canada. He joins me today to explain how all of these things are connected. (1:54 - 2:05) To reveal that fentanyl and terrorists are just a smoke-and-mirrors justification for tariffs. Why Donald Trump is really levying them around the world. Why he can't back down. (2:06 - 2:20) But how Mark Carney is selling us out. Brett, welcome back to the show. Thanks for having me. (2:20 - 2:30) Really appreciate it. Now it was a friend of mine, Rob Anders, who put me on to an open letter that you published about a week ago now. That explains what's really going on with the tariffs. (2:30 - 2:38) Uh, what Mark Carney's up to, what president Trump is up to. So please explain that for the viewers. Sure. (2:38 - 3:20) And I think credit where credit is due, I'm leaning a lot of this and drawing conclusions from the good work of a guy named Tom Longlow out of the US. Uh, but I've sort of extrapolated it into what's happening into Canada. But, uh, in my mind, uh, in a nutshell, it seems to me that, uh, the Europeans are using Canada as a giant money laundering operation and, uh, basically siphoning, uh, US dollars, uh, through, uh, a system I call the loony dollar system, uh, to basically fund all their initiatives over in Europe. (3:20 - 3:32) And it seems that, uh, a big part of that and what, uh, I take serious reservation to is, is fundering the continued, uh, Ukrainian Russian war. Right. Um, now. (3:33 - 3:51) Just before we move on though, I think something that the viewers need to know that I didn't know until I read your letter is that while Canada and the US are both in, not in good financial condition, the European union is in a shambles. And maybe you should give people some background on that and just how bad things are there. Oh, absolutely. (3:51 - 4:21) And, uh, this really stems from 30, 40, 50 years of socialist governments or their, uh, I define them as socialist governments. Um, and, and we saw snippets of that, uh, with, with Greece near collapsing, um, you know, the retirement age is 55 over there, uh, completely supportive of, of, uh, just about anything that they want to do socially over there. And the money has to come from somewhere. (4:21 - 4:38) And, uh, as you likely know, um, communism, socialism collapses when you run out of other people's money. Um, and I think that that's exactly what we're seeing over in Europe right now. And so they're, they're desperate for a coverup of that. (4:38 - 5:19) And so it's, it's not a surprise to me that you see the continuing beating of the war drums because they need that Ukrainian Russian war to cover up the financial malfeasance that, that, uh, they perpetrated over there for decades. Um, it's, it's a great way to sort of print their way out of the problem and, and, uh, it make them whole as, as governments, if there is a big enough event that they can cover things up. And so up until recently, they were able to use US dollars, uh, to finance things, but Trump made some changes that have made that very difficult for them. (5:20 - 6:01) Right. Um, the first is more transparent, um, and the second I'll get into, which is sort of the crux of my paper that I wrote. Um, the first you see almost on a daily basis, announcements of, uh, people talking about DOGE, the department of government efficiency, uh, going into various, uh, government departments and uncovering basically massive amounts of whether you want to call them fraud or effectively money printing, uh, in, in, uh, various fashions. (6:01 - 6:22) So the USAID was a, was a big one where it was, was funded in the billions of dollars, and then they were basically siphoning it out of, uh, the US and putting it around the world. And so, you know, a lot of that is being clamped down on. And so it's, uh, I think people need to get their heads around. (6:22 - 6:42) There is more than just kinetic warfare out there. There is financial warfare, there's economic warfare. And, and what I term, even what's happening today, and you're well in the court of that as fifth generation warfare, uh, with the media and, and legacy media and then good work of, of independent media like yourself. (6:43 - 7:11) So, um, people need to understand that, that the financial tools of warfare are just as powerful as the kinetic ones. And once, uh, those tools of, of the financial warfare dry up, uh, they can no longer fight with that on that front. Um, so now specifically into the paper that I, that I talk about here and I'm happy to share it with anybody. (7:11 - 7:38) Sure. So in, in my paper, I discuss, uh, what's termed the Euro dollar system. Um, and without getting into too much detail of it, effectively what it is, is the use of U S dollars outside of the U S. And so, uh, because the U S dollar is the reserve currency, you need it to purchase various commodities around the world. (7:38 - 7:55) Uh, and that includes just about everybody around the world and especially Europe. So when, uh, Europe needs to import natural gas, they need U S dollars to do it. If they need to import wheat, they need to use U S dollars to be able to do that. (7:55 - 8:23) Uh, same with oil, um, every commodity out there. The problem is, uh, is that they don't have enough flow of the U S dollars, even with all the spending that happens in the U S that, that was frivolous over the past, say 50 years, they don't have enough U S dollars to go around to buy all the commodities. So hence they came up with what's called the Euro dollar system. (8:23 - 8:54) And, and what happens with the Euro dollar system is they, they effectively create U S dollars out of nothing. Um, and, and the mechanism they use to do that is that they need some collateral as a base to be able to do that. So if they have a chunk of U S dollars, say 300 billion U S dollars, what happens then is in the city of London, in, in the, at the bank of England, there's, there's a mechanism called infinite rehypothecation. (8:54 - 9:21) And really what that means is you just can create the infinite amount of U S dollars out of nothing. So it's important to understand that leverage of the system. So with that $300 billion of, of hard base collateral of, of U S treasuries or U S dollars, you can effectively create $3 trillion of, of U S dollars out of that system. (9:22 - 9:25) To fractional reserve banking. Correct. Correct. (9:25 - 10:00) Um, so just think of it at, on a worldwide scale versus just at a country level. So now, um, the new Trump administration understood this and including the current, uh, fed, uh, governor Jerome Powell. So he effectively realized what was happening with the euro dollar system is that they were controlling the price of U S dollars is effectively what they're doing. (10:00 - 10:33) And so you notice that, uh, they're over in Europe, they were the first ones to go to the zero-bound interest rate. And when I say zero-bound, I mean that they just basically took the, the countrywide interest rate to zero. And so what that effectively did because they control so many U S dollars within the euro dollar system, it forces the U S dollar, the actual base layer of the, the world reserve currency to decrease as well. (10:33 - 10:54) And so this is a war that's been going back hundreds of years. And, and really it spawns from the independence of, of the United States of America. And this is effectively the tool, the euro dollar system that, uh, the Europeans have been using to control the Americans all along. (10:54 - 11:21) It has never sat in well that the U S has basically fought for independence and has no control from, from Europeans. Uh, this is the mechanism that they were using to basically control the price of money through, through a mechanism called LIBOR within the, uh, uh, euro banking system. LIBOR is, is a London interbank offering rate. (11:21 - 11:50) So basically what it is, is the overnight rate that you charge for those euro dollars within the system. So if you have control of effectively the price of dollars, then you control the world reserve currency. In the former, uh, 2016 to 2020 Trump administration, they recognize this and they did a key change away from LIBOR to a new system called SOFR. (11:50 - 12:32) So the, the, um, secured overnight lending rate. So effectively what happened is you moved the power to control the price of dollars from London to the U S. And so it's not a surprise to me that ever since we've seen this transition starting in, in, uh, 2021, the world, as we effectively knew it has started to fall apart because of, of the change and the shift from the control of the U S dollar. Um, the Trump administration, as I mentioned, understands this and wants to remain control in the U S dollar. (12:33 - 12:57) Now enter Canada. Um, I don't think it's any arguments, uh, and you wouldn't hear any argument. Uh, just before we move on to Canada, Brett, I think what I would like to do is try to summarize in simple, plain English for those of us who are not financially savvy, and that certainly includes me, we're right at this point. (12:57 - 13:12) So if I'm understanding correctly, we have three problems. Number one, they can create under the euro dollar system, unlimited US dollars. Two, the US up until the change to SOFR had no control over those US dollars. (13:12 - 13:25) And therefore the European union was able to control the value of US dollars. And I would assume by creating unlimited amounts, they're devaluing it. Oh, absolutely. (13:25 - 13:48) And, uh, basically being the puppet masters of, of, uh, various levels of commodities across the world, because I think it's, uh, a little hard to fathom, but the Europeans are colonialists is effectively what it is. Canada is a colony of Europe. Um, South America is a colony of Europe. (13:49 - 14:07) United States up until their independence was a colony of Europe. And so, uh, effectively that the European elite, uh, pull the strings in a colonial relationship, right. It's, it's, it's almost like a, um, monarchy, a serf, uh, monarchy relationship. (14:07 - 14:21) And it's like, you just go off and work your minds and work in the fields and drill that oil. And we'll sit here in our high horse in Europe and basically reap the benefits. That's, that's effectively what the euro dollar system does. (14:22 - 14:35) Okay. And then the one more detail I think we need is because if I'm recalling correctly from the letter that you wrote under the old LIBOR system, there was this sort of 30, 60, 90 day settlement system. And now with SOFR, it's like the bank of international settlements. (14:35 - 14:44) It has to be settled every night. Is that correct? Yeah. And so it's, it's a, it's a much better mechanism because LIBOR has been around since the fifties. (14:44 - 15:19) And so of course you're going to make improvements to the system as well. But, uh, really the big piece of it is that the control moves over from London in their infinite rehypothecation tool to create as many dollars as they can to the US where effectively they have stated we are independent. This is 200 years after the actual war of independence, but, uh, now proclaiming that this is, uh, the way it's going to be and we're going to control our own destiny and our own dollars. (15:20 - 15:29) Okay. So now that we understand what's been going on in Europe with the manipulation of the US dollar and how Trump has essentially shut that down. Now we can talk about what Carney's up to. (15:30 - 15:43) Right. So effectively what Carney is trying to do is recreate the euro dollar system to what I've termed the loony dollar system. So effectively it's the same operation. (15:43 - 15:59) It's just through Canada. And so you need a base layer to be able to get this machine running. And what better place than a colony like Canada that can make interest payments on debt. (16:00 - 16:20) Um, specifically out of Alberta. And that's where I feel Alberta is at the crux of this. So if you notice within 48 hours of Carney being inaugurated as prime minister, they announced that they were going to issue a Canadian debt in U S dollars, so that's the crux of it. (16:20 - 16:57) So that's the base layer of the loony dollar system. Now, if Europeans buy up that $300 billion debt of what they're proposing in this new bill that Carney announced within 48 hours of becoming prime minister, then all of a sudden the European system has that base layer that they can start their rehypothecation machine again out of London. And so they can turn that $300 billion into that $3 trillion and start the game again, trying to control the U S dollar. (16:58 - 17:08) And, but the difference this time, go ahead. Yeah. So, because now I have a question for those of us who are not financially educated, as I said to the viewers earlier, that includes me. (17:09 - 17:33) The question that comes up is okay. So Canada now wants to sell $300 billion of our debt to the European union in U S dollars, but since Trump has taken away their ability to manipulate the U S dollar, can they even afford to buy it? Well, the thing is they can print infinite amount of euros is what they can do. So they can use their currency to basically buy those, uh, that Canada debt in U S dollars. (17:33 - 17:39) Okay. So it's, it's a shell game. They, they sell our debt to them in euros. (17:39 - 17:47) Yes. But it gets, so they pay us euros, but what they're getting is 300 billion US dollars of debt. Correct. (17:47 - 17:51) Which they can now control. And they can now control. And turn into 3 trillion. (17:52 - 18:10) And turn into $3 trillion. And then that's some very meaningful damage, but, um, it all runs back to that $300 billion that the Canadian government of Canada is issuing. Somebody needs to make the coupon payments on that $300 billion. (18:11 - 18:58) And so with a nation like Canada, uh, that has a trade surplus, uh, with the U S of about 10 billion per year, then they actually have the ability to pay the coupon payments to that $300 billion that is the base layer of the loony dollar system. Trump understands this, Bessant understands this, Vance understands this and Powell understands this in the U S and that's why they've ramped up the rhetoric saying. We will not have a trade deficit with Canada because they understand that that is the coupon payments for the loony dollar system that basically they can run up the money printers and create that $3 trillion in debt. (18:59 - 19:08) And so the tariffs are the way to shut down Canada's ability to make those coupon payments. Correct. And so. (19:08 - 19:22) It has nothing to do with fentanyl. It's got nothing to do with, with an imbalance of trade. It's Trump's administration crippling our government, Carney's government's ability to make the payments on that $300 billion. (19:23 - 19:38) Correct. And so I handed over that video, uh, that, that was just produced on X last night. And, and what most people got out of it is that Trump seems to be endorsing Carney, uh, over Polio. (19:38 - 20:11) I don't think he has a fondness for either one of them, but, um, really what I got out of the video is he kept on harping on, we will not have a trade deficit with Canada. That's confirmation of this. What we're saying here is that if there is that trade imbalance and we have excess US dollars that we can pay for this loony dollar system, then effectively it's just a Euro dollar system all over again, and using Canada and Alberta, because the majority of the trade surplus comes out of Canadian oil from Alberta. (20:12 - 20:27) That, uh, they will not allow this to continue in the US anymore. And I, I do believe we have a big problem with fentanyl and, and I'm sure, um, Sam Cooper could describe that much more. Oh, you haven't had one already. (20:28 - 20:35) I think, I think what we need to do at this point in time is let's run that video for the viewers. So they can hear what Trump said for themselves. Much more. (20:35 - 20:47) We have much more, just so you understand, we subsidize Canada and I like Canada. I love Canada. But now the liberal guys, the liberal party is going to win now in the next election, most likely. (20:47 - 21:02) And they were on, they were down and out, but isn't that going to be, make them more hostile to us and possibly open the door for China, closer to Canada. And that would really put us in a bind. The conservative that's running is stupidly no friend of mine. (21:02 - 21:12) I don't know him, but he said negative things. So when he says negative things, I couldn't care less. I think it's easier to deal actually with a liberal and maybe they're going to win, but I don't really care. (21:12 - 21:22) It doesn't matter to me at all. So your end game is what with them? My end game is I don't want to have a big deficit. I don't want to see the United States of America. (21:22 - 21:35) And you say 60 and I say 200, but it doesn't matter. I don't want us to pay 60 or $200 billion to a country that if they were a state, think of this, we would be our biggest, most beautiful. It would be great. (21:36 - 22:10) So when, when I watched it, when I got out of it was he doesn't care what government is in place, as long as it's a government that he can basically work with, shut down, whatever, manipulate to prevent this trade surplus. So that he can, once again, shut down this Euro, this loonie dollar system that wants to replace the Euro dollar system in order to protect American dollars and before any of my, my viewers, many of us who are in favor of Trump's administration, get mad at him. Remember it's his job to look after America, not Canada. (22:10 - 22:34) That's our politician's job and it's what they haven't been doing. So he's just protecting American interests, correct? Correct. But at the same time, Trump is an idealist and, uh, the Americans have always been about spouting their, their, um, democratic, uh, Republic, uh, whatever you want to call it ideals around the world. (22:34 - 22:49) I think he's basically shaking Canada into a wake up call, giving us a chance to basically say, Hey, you're getting played here. I see the problem. All I'm going to fix it regardless if whatever you do. (22:50 - 23:37) But I think Canada is being offered a chance as well, uh, around this to basically wake up the entire nation, uh, to, to basically the game that the Europeans have been playing and effectively declare independence like the Americans did 250 years ago. Uh, and we've, we've never come to that point as Canadians. And, and I think it was very, uh, sly of, of the existing politicians to really pull that idea of the Canadian nationalism, uh, because the thing is this loony dollar system does not work if Canada is working in lockstep with the United States. (23:38 - 23:59) Right. So now we have to draw certain conclusions. Um, and, and you and I have kind of discussed those off camera, but you can explain them better than I can, because there's, there's things that come out of this quite naturally in regards to Carney's actions, Trump's actions, things that they must continue to do to pursue their conflicting agendas. (24:00 - 24:19) Correct. So I would say it's very safe to say that Carney is, is on side of, of the Europeans and the globalists, uh, and, and it shows in his actions. Um, within a week of being prime minister, he flies on a plane over to Europe and kisses the ring of, uh, King Charles. (24:20 - 24:37) Uh, meets with Keir Starmer over there. That's another confirmation that this is actually what's happening here. Um, Trump has increased the rhetoric around the 51st state and that we were going to fix these trade imbalances and you're not doing enough. (24:37 - 24:47) And, and the, the, the tariffs will be put on that type of thing. So, um, I think it's pretty clear. There's been a line in the sand where Carney's allegiances lie. (24:47 - 24:58) He's going to try and execute this loony dollar system. Remember, he's a central banker. He understands this and, and he understands how the world financial system works. (24:59 - 25:16) Um, Trump is going to do everything he can to keep control over the U S dollar. So he will not let this happen. So in my mind, uh, the Canadians don't have nearly as many cards as the Americans. (25:16 - 25:38) Um, the, the trade imbalances are just too much with, with the U S. Um, and, and I think Trump's going to continue on with this tariffs to basically snuff out this loony dollar system before it even gets started. Well, I would say he has to, doesn't he? I mean, that's, that's the only way we can shut it down. I mean, he can't, unless he wants to come in with the military and take over Canada by force. (25:39 - 25:55) The only thing he can do is shut down our ability to make those coupon payments as we were discussing earlier. And if he does that, then why in the world would the European Union buy our $300 billion when they know we can't make the payments on it? Correct. Absolutely. (25:55 - 26:15) And, but, but part of the challenge is we have, uh, U S treasuries of about $300 billion. And I know I'm using 300 billion a lot, but it just comes up. We have about $300 billion in U S treasuries so that we've purchased from the U S treasury. (26:16 - 26:55) We could fund those coupon payments for a lot of years with trade, uh, imbalances with the U S. So say we get into a trade deficit situation with the U S, we also have these reserves in these U S treasuries that we can use to pay these coupon payments for a foreseeable future. So I wouldn't be surprised that Trump continues to ramp up this tariff rhetoric until the problem is solved, because we do have runway. The, the Carney agenda does have runway to be able to do this without those trade surpluses with the U S. Okay. (26:55 - 27:07) So that's very interesting. So you've just said $300 billion of U S treasury trade, uh, surplus sitting there that we can pay this with. So if it's, if it's 10 billion a year, well, that's 30 years. (27:08 - 27:18) What does Trump have to do to prevent that from happening? Obviously 30 years is far too long. If he wants to rescue the U S dollar and their control of it, I mean, you can't take 30 years to do that. Right. (27:19 - 27:42) You could shut the border and basically solve the problem within a year. Um, obviously that's not ideal for, for us as Canadians. And so that's why I was trying to come up with a solution around how we could basically continue the relationship with the United States, but shut off this loony dollar system. (27:42 - 28:08) All right. And what is that process? What I've proposed is effectively the big problem is we're earning, it sounds ridiculous, but we're earning too many U S dollars. So as long as we have that trade, uh, surplus with the United States, we have, uh, infinite access to that loony dollar system. (28:08 - 28:25) And so with, with through loony dollar or through U S dollars. So what I'm proposing is that we actually work on an agreement with the Trump administration to purchase, uh, our oil in gold. Um, so you can do that in one of two ways. (28:25 - 28:50) We can first sell it to the Americans in U S dollars and then immediately converted into, uh, U S, uh, those U S dollars into gold. And basically, so that becomes your store of value versus the, the U S dollars or the U S treasuries. And so part of the thing you have to understand is that gold doesn't count towards gross domestic products. (28:50 - 29:26) So if we are buying those gold, uh, bullions from the United States, it doesn't count towards the GDP of Canada. So all of a sudden that trade imbalance disappears with the United States. Uh, because, um, you're effectively neutering the loony dollar system by choking out the amount of U S dollars that they have access to, but that proposed solution would require us to have a government that isn't selling us out. (29:27 - 29:56) You're certainly right about that. And that's why, uh, uh, I've, I've given this to key people within the Alberta government, uh, and hopefully, uh, in response to this, they can, they could talk to the Americans and see if what I'm saying is accurate and, uh, come up with a solution. And so you don't necessarily need to use gold to be able to do this, but the thing is you cannot give the federal government access to U S dollars. (29:56 - 30:28) Otherwise they'll get this, uh, loony dollar system up and running. And it's, it's hard to say whether Smith understands this or not, but I did hear her say some comments around any tariffs that are put on a Canadian oil would not be going to Ottawa. And so I think perhaps she does understand this or has had conversations with Trump that she understands this is where the problem is and we need those trade balances to disappear, uh, between the United States. (30:28 - 30:45) So you can't operate this loony dollar system. Okay. So the conclusion that I'm coming to here is we got the problem of Carney's government that, as you've already pointed out, has access to that 300 billion in US dollar reserves, which could buy them 30 years. (30:46 - 31:17) But since the majority of the trade that's going from Canada to the U S is oil from Alberta, if the Alberta government made a deal with U S government to do this in gold rather than U S dollars, then that effectively cripples the federal government's ability to pursue this because they're not in the loop anymore. Correct. And I think it's about a $200 billion trade surplus that we run with the United States. (31:18 - 31:26) The majority of that, 85% of that is oil. Okay. So Alberta is actually controlling about two thirds of that trade surplus. (31:26 - 31:28) Correct. Yep. Okay. (31:28 - 31:58) So we do have a practical solution here that could work if the Alberta government came on board with it. And then we've got cooperation between the Alberta government, at least, and the Trump administration. But where does that leave the rest of Canada? Because the other conclusion that I draw from this, and we've already talked about Carney's going to continue to pursue this because that's what he's really up to, um, and to, I think to add a little more weight to that, just yesterday, he made some comments that make it clear that he's going to renege on his promise to ax the carbon tax. (32:00 - 32:16) Um, no surprise to anyone. I don't think, you know, so that would seem to say to me that, that until this is resolved, I mean, unless Trump wants to just shut down the borders, you said, which is, you said, it's not an optimal solution. It's going to be very difficult to do. (32:16 - 32:27) That's going to cause a lot of backlash. People can get very angry about it. He's going to have to keep ramping up these tariffs until we're essentially reached to the point where Americans just will not buy Canadian goods, period. (32:27 - 33:02) And, and, and I think because he needs to remain in control of the US dollar and the US debt, he will not back down on this. And all indications point to that he understands this and his administration understands this. And so it doesn't matter how much we wave the Canadian flag, elbows up team Canada type thing, he is going to do this and he's going to basically take control of the U S dollar system with or without the Canadians. (33:04 - 33:41) So then the next question that I would have, Brett, is if, if we're going to, let's, let's just follow a little bit sequence of events here. Trump's effectively shut down the European unit's ability to manipulate the US dollar now Carney's coming and he's trying to replace that with a loonie dollar system, which will do the same thing, give a foreign country or foreign countries control over US dollars, which takes it away from the US which devalues the dollar, which cripples them. But aren't we supposed to be, at least the globalists think we are moving towards a CBDC or perhaps, um, you know, there's also the, um, the BRIC system. (33:42 - 34:03) You wouldn't, wouldn't either of those just basically negate this entire thing, I mean, why would they even need it if the globalists get that kind of control or maybe they don't have it. Well, here's the thing. So I know that the rhetoric has been ramped up in Europe, um, from Christine Lagarde around, uh, CBDC. (34:03 - 34:22) And she has the intention to actually implementing this in about six months time in, in October of this year, I think it will be a glorious flop. Uh, what you have to understand about the central bank digital currency. It's the, there's two types of central bank digital currency. (34:22 - 34:37) There's the wholesale kind, which is basically, um, CBDCs between financial institutions or the government. And then there's retail central bank digital currency. What Christine Lagarde is talking about is a retail level central bank digital currency. (34:38 - 35:11) If she thinks she can implement a entire banking system of payments, mortgages, loans, credit cards, all into one system within six months, she's woefully misunderstanding the financial and the banking system. It's, it's way too complicated for her to do, be able to do that. Now she could get a big enough financial institution, one that comes to mind in Canada, uh, even though Christine Lagarde is in, in Europe, I'll use this as an example in Canada. (35:12 - 35:34) RBC probably is big enough to basically absorb all Canadian accounts into a central bank digital currency. And that's exactly what happened in Soviet Russia is there was over 6,000 banks in Soviet Russia, and basically they collapsed them into one. And so now there was a central bank and a main commercial bank that dealt with anybody. (35:34 - 36:02) And I don't think it, uh, is, is lost on any of your viewers that, uh, a central bank is, is, uh, having control, uh, of the retail sector, uh, through a central bank digital currency is, is bad, bad news. Uh, we saw what they did in the trucker convoy and cut off people's accounts. It all of a sudden becomes much, much easier if it's through one financial institution versus hundreds of financial institutions. (36:02 - 36:34) So now I don't think that it would be a success in Europe, but I think they're running out of options and they need to try something, but part of the challenge with even a central bank digital currency in Europe is they don't have access to us dollars like they did, that they were funneling out of things like USAID and the euro dollar system. And hopefully we can shut down this loony dollar system so they can basically, uh, be blocked from getting access to us dollars. Okay. (36:34 - 36:39) So now I have several questions. The first one is a very simple one. Um, I don't know who Christine Lagarde is. (36:39 - 36:53) So I'm going to assume that many of my viewers don't either. Right. So she's, uh, the, uh, basically in charge of, of the European union, uh, central bank is, is effectively what, what she is. (36:54 - 37:07) So, um, effectively think of her as Jerome Powell in the US or Tiff McGavin in, in, except for in Europe. Tiff Macklem, you mean? Yeah. Tiff Macklem. (37:08 - 37:09) Sorry. Okay. All right. (37:09 - 37:33) So thank you for that explanation. So if I'm understanding all this correctly, what, you know, and my viewers, you, I, we've known for a long time that the globalists want to bring in central bank digital currency so they can control everyone. But what I'm picking up from this is that if Trump can rescue the U S dollar as an international currency of trade, that could be a major impediment to that. (37:33 - 37:47) Absolutely. Absolutely. And so that's, when I talked about earlier in the conversation is I think Trump has, is an idealist and he wants to basically rescue the rest of the Western world from these globalists. (37:48 - 38:01) So this, this is, this is for big stakes here. This is a very important thing that he needs to take control of to basically control the economic war that we are in. Okay. (38:02 - 38:17) Which leads to the next question. Now that the viewers understand this, I think a lot of this now we can look at what Trump's doing with the tariffs and we can understand it's, it's, you know, it might make things more difficult, more expensive for us. And we're going to get to that a bit because there's possibly problems with inflation here. (38:19 - 38:42) But he's doing it for reasons that could save all of us from the globalist control and so we can be a little more sympathetic. The question that I would have then is, well, why doesn't he just explain this? Why, why the smoke and mirrors about fentanyl and trade imbalances when you could just come out and say, look, this is the situation. And if we don't do this, everybody's going to end up under the globalist control under a central bank digital currency. (38:43 - 39:10) Well, I think probably that's when the fifth generation warfare comes with the legacy media. And I think it's safe to say that Canadians are just not awake to these things. It was just baffling to me that the change in direction that they had with the Trump derangement syndrome around the tariffs to Canada, all of a sudden things, we were making progress. (39:10 - 39:28) People are waking up. It was a good understanding of what was happening around the world and then tariffs came in. People lost their minds and completely forgot what they've been through for the past five years and basically the social and media manipulation that went along with it. (39:28 - 39:47) This is another psy-op that people are using. And it only works if the Canadian people are basically starkly against what Trump is doing. And so if Trump came out and said, Hey, there's a bunch of globalists and they're socialists and communists and they want to basically control every part of your life. (39:48 - 39:56) I don't think people would buy it just because they're not awake enough or the majority of Canadians wouldn't buy it anyway. So. Interesting. (39:56 - 40:10) Okay. But now we've got, you know, assuming that these conclusions are correct, that Trump can't back down. He's going to continue to not just pursue the tariffs, probably increase them, Carney's going to continue it with his agenda to pursue the loonie dollar in opposition to that. (40:10 - 40:24) So we've got this, this is a trade war, a tariff war. This is a war for global control really. It's US against the globalists and Carney's of course a globalist and cooperating with them, but it's going to impact the Canadian people. (40:24 - 40:40) We just had Tiff Macklem, the governor of the bank of Canada come out, I think it was yesterday and announced that coming April, there's probably going to be a major rate hike. I think it was one, one and a quarter, one and a half percent, something like that, which would put it up to the highest expense. I think 20, 2009, something like that. (40:41 - 40:52) Um, and to curb inflation. So we've got an impact coming for everyday Canadians. I mean, we're already, people are already struggling to pay their bills, to put groceries on, in their fridge. (40:53 - 41:00) This is going to be really hard on people. Absolutely. And the Europeans do not care. (41:00 - 41:25) Remember what I talked about around how they think Canada are colon, colon, colonias, they're, they think we're a colony. So they're going to leverage their system as, as best they can and do not care what happens to the Canadian people. And absolutely this, if they get the loonie dollar system operational, uh, you can kiss the value of the Canadian currency goodbye. (41:26 - 41:40) Because the Canadian dollar is a lot smaller than the Euro. It's, it's like 3% of world trade is, is done in Canadian dollars. Whereas the Euro is closer to 55, 60%. (41:40 - 41:54) So basically you're trying to, instead of putting a thread through a needle, you're trying to put an elephant through that needle. Um, it just doesn't work. And basically it will collapse, uh, the Canadian dollar to do it. (41:55 - 42:40) And my suggestion, just hearing that, and I wasn't aware that, uh, TIF was on that rant, but it makes a lot of sense because currently the Canadian debt, uh, for the, the Canadian tenure is a lot lower than the U S tenure. So now if they make them par, so the U S debt is the same as the Canadian debt cost, uh, all of a sudden you can issue this Canadian debt, this, uh, in U S dollars a lot easier, because here's the thing. If the Canadian debt currently is paying 3%, why would you open up a U S debt account that's paying say four and a half? It doesn't make sense. (42:40 - 43:02) Right. Uh, because people would not buy that 3% coupon rate. They would buy the four and a half coupon rate, but all of a sudden, if they're equal or the Canadian one is higher than the U S rate, all of a sudden it's more attractive for the Europeans to flood into buying that Canadian issued U S debt, it makes a lot of sense that he said that. (43:03 - 43:19) All right. So we probably, hopefully have a federal election coming up this year. And we've already addressed how possibly Alberta could, uh, you know, put a stop on a lot of this, but you know, we can't pretend our federal government isn't going to have a big impact on what's going to happen and how this is going to play out in the future. (43:20 - 43:49) Do you think it's going to make any difference if we end up with a conservative government under Polio before the end of this year? Or do we still have the same problems? I have to think that through to some degree, but if we issue this US Canadian issued US dollar debt, all of a sudden they have the base layer of the collateral to start the system again. And so effectively, I don't think it matters. And, and in Trump's video, I think he's right for his objectives. (43:49 - 44:06) It doesn't matter if Poilievre gets into power. It doesn't matter if Carney gets into power, he's doing this. And he's, he's basically going to drain the wall, the world of the Euro dollar system, and don't even try and start up a loony dollar system because I'm going to do the same thing to it. (44:07 - 44:30) He understands that. Um, so frankly, at this point, uh, I like to think that we are in control of some of what of our destiny, but a lot of the cards are with Trump in this, this case and, and he's to some degree, right. It doesn't matter if it's Poilievre or Carney, he is coming and he's coming for the systems and he's going to take control back of the U S dollar. (44:31 - 44:48) And that starts to make sense of some of the other things that Trump is doing, such as doge, which is, you know, cutting, um, unnecessary expenditures in order to balance the budget. Uh, most of our viewers know about Javier Milei of Argentina who balanced their budget within a couple of months by being very draconian. A lot of people are saying Trump's not going far enough. (44:48 - 45:17) That what he's doing is not going to have an effect fast enough. But if now everything we've discussed, he's out to basically fight the global CBDC system by restoring the power of the U S dollar, he still has to balance his own budget because they have huge debt as well. And so he can do the same thing that Javier Milei did and cut all those expenses, possibly we now have, because here's the, here's the number that keeps going through my head. (45:17 - 45:36) Um, I've got another group of financial experts that I interview regularly. And one of the things that, one of the questions I asked them is how do we know there's a financial collapse coming? Because throughout the last a hundred years, well, they just keep printing more money. But of course, as they do that, they devalue the dollar. (45:36 - 45:52) And what they told me was when we first issued the Canadian dollar, um, under the, um, bank of Canada system, like about a hundred years ago, it was worth a dollar. Now it's worth 3 cents. And if it's value keeps dropping, eventually it becomes worthless. (45:52 - 46:10) And therefore, of course the financial system collapses. Now the Americans are in a similar situation, but if Trump could, a) regain control of the US dollar and, b) balance the American budget. Now, would that not mean then that the value of the US dollar starts to go back up? Yes. (46:11 - 46:21) Yes. Um, and, and basically it's, uh, a lean on a financial expert called Brent Johnson on this. And he has a theory called the milkshake theory. (46:22 - 46:44) And so as the US dollar basically regains dominance, it will continue to increase in value, but it's, it's all relative to the currencies around the world. So the value of the currencies around the world will decline as a result, including the Canadian dollar. Right. (46:44 - 47:21) But the conclusion I'm drawing from that is that if that happens, if the American dollar starts to recover, and it has been for a very long time now, the international currency of trade, why would people switch over to a CBDC system when you have a stable American dollar? Yeah. And you've seen this countless times throughout history is, is, um, countries use the US dollar as the base layer. It's always continuing to devalue, but it's devaluing and at a lesser rate than a lot of, you know, the Zimbabwe dollar or the Venezuelan peso. (47:21 - 47:42) And it just, it's, it's a stabilizing factor compared to these reckless governments and these other countries, even though it's, it's like the cleanest dirty shirt in the pile is effectively what the US dollar is. Um, so you're going to pick that one out first and use it first before the other ones that you have in the pile. Okay. (47:42 - 47:53) So we've talked about some hypotheses. One, that Alberta could have a major impact on this. Um, two, that Trump could regain control of the US dollar and start to increase its value. (47:54 - 48:34) But those are possibles. So now I'm going to ask the hardest question yet, knowing everything that you know, and given the current situation, what's your prediction for the coming years, global scale, Canada, everything, what's going to happen? Uh, I think, um, war will continue to escalate in, in Europe, uh, and, uh, the Middle East. Uh, it seems to be that, uh, it's the only way that the Europeans can, uh, cover up their, their global collapse. (48:34 - 49:07) It, it seems to me that we're headed towards a very, um, divisive world and, and, uh, the major powers seem to be dividing up the world, China, Russia, the United States. It's, it's not a surprise to me that, um, basically what Trump is trying to create is fortress North America. Uh, I think he probably has a very good shot of getting the people of Greenland, uh, to agree to join the United States. (49:07 - 49:18) Uh, he seems to be taking pack control of, uh, the Panama Canal. Uh, the only thing sort of standing in his way in North America is, is Canada. Um. (49:18 - 49:31) I gotta ask a question about the Panama Canal though, because it was recently announced that, uh, Black Locks has purchased it. That's about last week. Yeah, that's interesting and news to me. (49:31 - 49:51) Uh, and I, and I think the big part that Trump wanted to make sure that it wasn't in Chinese control is, is effectively what he was, uh, his objective there was to do. So you get these big blocks across the world, the Russian block, the Chinese block and the American block. Sorry, BlackRock. (49:51 - 50:03) I said Black Locks because Black Locks is a major Canadian, um, independent news source, BlackRock. Um, yes, it was announced just last week that BlackRock has essentially purchased the Panama Canal. Yeah. (50:03 - 50:15) And I have no love for Larry Fink, but at least it's a, or an American controlled, uh, organization, right. Versus. You think it is, or is BlackRock very much a globalist organization? Yeah, no. (50:15 - 50:36) And, and to, to some degree it's, it's a lot of its shareholders may be out of European power. So yeah, I'm not going to have to think about that to some degree, but, uh, the, the, the warning shots are fired around it anyway, from, from Trump and he's facing various battles from various fronts. So, um, yeah, I'm not sure what to make of that. (50:36 - 50:45) Uh, okay. I interrupted your prognostication. So please continue because we're, we're, you know, we're looking at probably war in Europe, which could explode into World War III. (50:46 - 51:13) Um, continue please. Yeah. And, and, and I've, uh, from good word of people within the Canadian military that, uh, they seem to be ramping up for something and that date seems to be in 2026, um, and, uh, you know, you see the announcements of the, of the Europeans that they're increasing their military spending from 1% of GDP up to 3% of GDP. (51:13 - 51:31) It seems, uh, that the capital is flowing around the world a lot differently. You see the gold, uh, migrating from the London and Swift vaults to the American vaults. Like a lot of this says to me that, uh, uh, people are gearing up for war. (51:32 - 52:03) Uh, whether that's going to happen or not, it'll be interesting. And, but at the end of the day, I think Trump is trying to prevent a lot of this from happening. And so if, if there is a global power that controls the military, that controls the financial system, that controls the economic system, then a lot of this goes away with, uh, uh, you know, the threat of war basically, because the Americans would just be too powerful to, to basically rally against. (52:05 - 52:24) But then we've got the fact that Trump is as openly stated, and it's one of his policies that America, as you were referencing Fortress America, they want to stay out of global affairs, they don't want to get involved anymore. And so if World War III starts in Ukraine, it seemed unlikely that America is going to be involved. Agreed. (52:24 - 53:00) And if you even think about history from World War I, World War II, the Americans weren't involved to start with it, they got dragged into it from, you know, and I always have the old saying that every war is a banker's war because the thing is, if you're not funding these things through devaluation of currency, it just doesn't happen. But the thing is the Europeans are rule fully unprepared financially and militarily to fight a war in Ukraine. Uh, I think a report came in that the UK has a hundred tanks, a hundred, that's it. (53:01 - 53:18) Um, you know, these, these, uh, European nations have no armies to speak of. It's, it's usually, uh, the Americans that are running out in front. It's usually the Canadians that are running up front and the people of the UK that are running out front. (53:18 - 53:47) Other European nations just don't have the military to, uh, fight these wars. And if you cut off the finances from the war before it even gets started, then all of a sudden there is no war. But, and I happen to know a little bit of history here, World War II, the European central banks financed both sides under the agreement that whoever won would pay back not only their debt, but the loser's debt as well. (53:48 - 54:23) And I'm going to assume that they would do the same trick this time around. And that's very important that the fallout of that was that at least as far as I understand it, World War II went on far longer than the countries that were involved could have afforded to, had it not been for the money that they were provided by the central banks. So if the same thing happens, then we're looking at possibly a long drawn out war in Europe centered on Ukraine, possibly another one in the Middle East financed by the central banks who are going to come out the other end of it, far richer, everybody else poor, and a whole lot of people dead. (54:23 - 54:30) Yes. Yeah. And if you think about it, to my statement, all wars are bankers wars. (54:31 - 55:11) My guess, and I'm not a historian of World War I or World War II, is that they were trying to cover up a debt collapse that was happening in Europe with a war. And so when you finance it through European banks, print currency to high heaven, all of a sudden you've put a bandaid over the debt problems that they've gotten themselves into. And I would suggest that we're at that same place right now, where the sovereign debts of nations around the Western world are just out of control and they need something to basically cover that up and that's why they're desperate to get into a European war to cover up this malfeasance that they've had over the past hundred years. (55:12 - 55:27) So the fallout of all of this is tariffs will continue, probably be increased. Carney will continue to try to sell us out to build a loony dollar system. Unless Alberta can shut that down. (55:28 - 55:39) War in Europe, possibly war in the Middle East, possibly World War. And America's going to sit back and say, not our problem. Not our problem. (55:39 - 55:47) And that's my best guess. So what's going to happen. And hopefully the Americans don't take the bait and get involved. (55:48 - 56:05) And, and really what they should have done in World War I and World War II is said, this is your problem. We're not dealing with this. And the final note, the impact financially, economically for Canada will be disastrous. (56:07 - 56:26) Extremely, extremely detrimental. And it goes back to my comment about trying to thread an elephant through a needle. It's the, there's way too much money required in the loonie dollar system to make a dent in the direction of controlling the US dollar. (56:26 - 56:40) And let's not forget that honestly, if you think of Canada, it's the second best to Russia. It's the second largest land mass. It's got a extreme amount of resources. (56:40 - 57:04) So we effectively have a absolute gangbusters amount of collateral within this country. We don't utilize it very well, but the thing is there is a lot of collateral to basically throw our weight around to control the fate of the US dollar. And I think Trump understands that the Europeans understand that. (57:04 - 57:45) And ultimately I think that's what the Europeans are after is control over Russia and their $70 trillion worth of resources. So last question, Brett, because you are a banker, you're the CEO of Bow Valley Credit Union, a credit union that's doing your very best to help your clients, your customers outside of the regular banking system, which is very corrupt. So Canadians who hear this, who understand that there's a catastrophe coming, what can they do to protect themselves? Financially, I'll start with the financial piece is I see this very detrimental to the Canadian loonie. (57:45 - 58:10) So it's getting to the point where it's almost imperative that you own something that can stand up to the devaluation of that US currency or the Canadian currency devaluing. And throughout history, that's been precious metals, silver and gold. So I'm not talking that you need to put every red cent into precious metals, gold and silver. (58:10 - 58:43) But a little bit couldn't hurt to try and protect you against what I think is coming and is going to be very detrimental to the Canadian economy and the loonie overall. I'll leave the other preparatory stuff to ammunition experts and food experts, but financially, I think I'll repeat it. It's almost becoming imperative that you get a hold of some physical precious metals to try and protect yourself financially against this. (58:44 - 58:58) Brett, thank you so much for your time today for publishing that open letter that alerted so many of us to what's really going on. Well, it's my best guess. And a lot of the arrows are pointing this direction, so I think that's what's going on. (58:59 - 59:32) There is a major stock market crash coming that will rival the crash of 1929, but there is a way to not only protect your wealth, but profit in the coming crash. The stock market chart today looks exactly like the charts prior to October, 1929 banks are disastrously over leveraged and several major US banks have already failed. And the CDIC, the Canada Deposit Insurance Corporation, doesn't have nearly enough money to cover depositors. (59:32 - 59:57) If you have money in the stock market, it is time to get out. Governments and corporations around the world are buying up precious metals in record amounts because they know the coming crash will make their other assets nearly worthless. You can buy precious metals at wholesale prices through New World Precious Metals at premiums substantially below other Canadian brokerages. (59:59 - 1:00:12) And you can even transfer savings in your RRSP tax-free. To get more information, use the link below this video to contact New World Precious Metals. They will answer any questions you may have. (1:00:13 - 1:00:53) You may also wish to contact Adrian Spitters, a personal financial consultant who successfully predicted the stock market crashes of 2000 and 2008. You will find Adrian's contact information below as well. Finally, if you want more information on the coming crash and what you can do to protect yourself, your family and your assets, see my most recent quarterly update with my team of financial experts at ironwillreport.com. By clicking the link below to contact New World Precious Metals, you will also be helping to support our efforts to bring Canadians the truth as we are an approved affiliate partner.