(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 - 2:21) But how Mark Carney is selling us out. Brett, welcome back to the show. Thanks for having me, really appreciate it. (2:21 - 2:32) 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. What Mark Carney is up to. (2:33 - 2:41) What President Trump is up to. So please explain that for the viewers. Sure, and I think credit where credit is due. (2:41 - 3:06) I'm leaning a lot of this and drawing conclusions from the good work of a guy named Tom Longlow of the US. But I've sort of extrapolated it into what's happening into Canada. But in my mind, in a nutshell, it seems to me that the Europeans are using Canada as a giant money laundering operation. (3:07 - 3:30) And basically siphoning US dollars through a system I call the loony dollar system. To basically fund all their initiatives over in Europe. And it seems that a big part of that and what I take serious reservation to is fundering the continued Ukrainian Russian war. (3:30 - 3:49) Right. Now, just before we move on though, I think something that the viewers need to know that I hadn't known 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. (3:50 - 4:02) Oh, absolutely. And this really stems from 30, 40, 50 years of socialist governments over there. I define them as socialist governments. (4:02 - 4:21) And we saw snippets of that with Greece near collapsing. You know, the retirement age is 55 over there, completely supportive of just about anything that they want to do socially over there. And the money has to come from somewhere. (4:21 - 4:38) And as you likely know, communism, socialism collapses when you run out of other people's money. And I think that's exactly what we're seeing over in Europe right now. And so they're, they're desperate for cover up 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 they perpetrated over there for decades. It's, it's a great way to sort of print their way out of the problem and, and, uh, 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 - 5:30) 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. (5:30 - 6:12) Um, the first you see almost on a daily basis, announcements of, uh, people talking about DOJ, 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. 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 U S and putting it around the world. (6:12 - 6:25) 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. There is more than just kinetic warfare out there. (6:26 - 6:42) 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 US dollars outside of the US. And so, uh, because the US dollar is the reserve currency, you need it to purchase various commodities around the world. (7:38 - 7:55) Uh, and, and that includes just about everybody around the world and especially Europe. So when, uh, Europe needs to import natural gas, they need US dollars to do it. If they need to import wheat, they need to use US 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 US dollars, even with all the spending that happens in the US that, that was frivolous over the past, say 50 years, they, they don't have enough US dollars to go around to buy all the commodities. So hence they came up with what's called the Euro dollar system. (8:23 - 8:48) And what happens with the Euro dollar system is they effectively create US 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 US dollars, say 300 billion US dollars, what happens then is in the city of London. (8:48 - 9:06) In, in the, at the bank of England, there's, there's a mechanism called infinite rehypothecation. And really what that means is you just can create the infinite amount of US dollars out of nothing. So it's important to understand that leverage of the system. (9:07 - 9:23) So with that $300 billion of, of hard base collateral of, of US treasuries or US dollars, you can effectively create $3 trillion. Of, of US dollars out of that system. To fractional reserve banking. (9:24 - 9:31) Correct. Correct. Um, so just think of it at, on a worldwide scale versus just at a country level. (9:33 - 10:09) 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. And so you notice that, uh, they're over in Europe, they were the first ones to go to the zero bound interest rate. (10:09 - 10:39) And when I say zero bandage is real, 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 world reserve currency to decrease as well. And so this is a war that's been going back hundreds of years. (10:39 - 11:02) 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. It has never sat in well that the U S has basically fought for independence and has no control from, from Europeans. (11:02 - 11:37) 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. 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. (11:38 - 12:23) In the former, uh, 2016 to 2020 Trump administration, they recognized this and they did a key change away from LIBOR to a new system called SOFR. 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 US. And so it's not a surprise to me that ever since we've seen this transition starting in, in, uh, 2021, the, 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 US dollar. (12:24 - 12:43) Um, the Trump administration, as I mentioned, understands this and wants to remain control in the US dollar. Now enter Canada. Um, I don't think it's any arguments, uh, and you wouldn't hear any argument. (12:44 - 12:56) 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. Sure. (12:56 - 13:12) We're right at this point. So if I'm understanding correctly, we have three problems. Number one, they can create under the Euro dollar system, unlimited US dollars to 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 - 13:45) And, uh, basically being the puppet masters of, of, uh, various levels of commodities across the world, because I think it's a little hard to fathom, but the Europeans are colonialists. It's effectively what they is. Canada is a colony of Europe. (13:46 - 14:02) Um, South America is a colony of Europe. 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. (14:02 - 14:17) It's, it's, it's almost like a, um, monarchy, a serf, uh, monarchy relationship. 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. (14:17 - 14:32) That's, that's effectively what the Euro dollar system does. 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. (14:32 - 14:37) And now with SOFR, it's like the bank of international settlements. It has to be settled every night. Is that correct? Correct. (14:38 - 14:48) Yeah. And so it's, it's a, it's a much better mechanism because LIBOR has been around since the fifties. And so of course you're going to make improvements to the system as well. (14:48 - 15:20) 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. Okay. (15:20 - 15:35) 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. There is a major stock market crash coming that will rival the crash of 1929. (15:36 - 15:54) 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. 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