Episode Transcript
[00:00:00] Speaker A: Foreign.
Welcome, everyone. This is Richard Rupp, and you're listening to the RUP Report, where we give you an inside.
[00:00:18] Speaker B: Why wouldn't you call it. Let me ask you something, Richard. Sorry. Mind if I start the show with a question?
[00:00:24] Speaker A: Yeah, let's do that.
[00:00:26] Speaker B: Why didn't you call it what's rup?
[00:00:30] Speaker A: I don't get it.
[00:00:31] Speaker B: What do you mean? Your last name is rup? You could have called the show what's rup?
Right? Like what's up? Or RUP Rupping away, or.
[00:00:42] Speaker A: Okay, I guess I have to have better marketing people.
[00:00:45] Speaker B: Okay, start again. All right.
[00:00:50] Speaker A: Welcome, everyone. My name is Richard Rupp, and this is the RUP Report that you're listening to.
[00:00:54] Speaker B: Rub it away we go.
[00:00:56] Speaker A: There we go, everyone. See, we start with the humor. Right away, we're going to give you an inside listen. Sorry, an inside take on what's happening in Ottawa. It's just a silly Friday today for us here in the studio, and we're going to have some fun, but there's some serious stuff we need to talk about, which is, for the first time in 10 years, we have a new prime minister, for better or for worse, even though it's Trudeau 2.0. Trudeau stepped down today. He got booed. Apparently.
He might be making one or two million dollars just on his notes. And Mark Carney got sworn as the prime minister with a whole new cabinet.
What do you think?
[00:01:36] Speaker B: Big week in Canada.
[00:01:38] Speaker A: Big week in Canada.
[00:01:39] Speaker B: And still, somehow Doug Ford remains a center of attention universally, not just messing up the names of everybody that he met with, but also every interviewer that interviewed him. He got their names wrong, including broadcasters that were Canadian.
[00:01:57] Speaker A: I think that's just part of Doug Ford's foxy behavior. What do you think? Folksy? Not foxy. Sorry.
[00:02:02] Speaker B: Yeah.
[00:02:03] Speaker A: Folksy behavior.
[00:02:04] Speaker B: Oh, yeah, yeah, yeah. Folksy is a good description of it.
[00:02:06] Speaker A: Folksy. Yeah, yeah.
[00:02:08] Speaker B: But, yeah, you're right. We have a new prime minister.
My wife, who, you know, she's new to Canada, relatively speaking, thinks it's nice to see somebody who looks like an adult as a leader of our country, thinks that he looks like a leader. And it gave her a sense of relief that somebody who looked like they should be the leader of a country finally was.
[00:02:36] Speaker A: So that makes him even scarier than he is, because that's the thing. It's the image. He might look like a leader. They say he's, you know, good with economics. Although Britain will disagree with any Canadian who says that.
[00:02:52] Speaker B: Yeah, they're fast to point out that he entirely mismanaged the Brexit.
[00:02:57] Speaker A: Yeah.
[00:02:58] Speaker B: Financial banking problems.
[00:03:00] Speaker A: He did. He did, and he didn't do. And it wasn't his. It wasn't because of him that we saved ourselves for in 2008 from the financial crisis.
And people could argue, okay, it wasn't Harper either. You know what really is? It was Canada's strong banking regulations compared to the United States. And we don't give 125% mortgages like they used to do in the United States. We're very cautious as far as what equity you put into a home and your proof of. Well, ideally, we're supposed to be your proof of income, even though there's been a lot of mortgage fraud going around.
So here's the thing.
We have a new Prime Minister. We have a new cabinet, and later on in the show, I really want to talk more importantly about the voting that happened in the Liberal leadership race and the anomalies with respect to the numbers, but we'll get into that later because I think that's really, really important. There's a big question mark onto it, and it doesn't make sense. I'm not one to jump to a conspiracy theory, but it doesn't make sense.
[00:04:10] Speaker B: Not to be the guy that loves to name podcasts, but if Mark Carney does a podcast, yes, he could do the. Well, I mean, I know he could.
[00:04:20] Speaker A: Do the Mark Carney Report.
[00:04:21] Speaker B: How are my marks?
You know, Epic fail. Yeah.
Anyway, but it's. It's interesting to me that he is the best the Liberals could put up front, and he really is the best.
[00:04:39] Speaker A: Of the Liberals could put up front.
[00:04:41] Speaker B: Yeah.
[00:04:41] Speaker A: Okay. Think about it. Because Trudeau, in all of his wisdom, knew that he isn't the smartest tool in the box. And what did he decide to do?
He got rid of all the good former MPs that were around during Merton and Chretien and brought in all newbies who have no knowledge whatsoever. So you don't have a. A really strong. Even 10 years later, you don't have a strong. Like, look who's our finance minister. Who was our Finance Minister? Christian Freeland. Not the brightest person out there.
[00:05:13] Speaker B: No.
[00:05:14] Speaker A: Right.
[00:05:15] Speaker B: No.
You know, they've quickly patched that up with who I find is almost as qualified as Christie was, because the patch the Prime Minister put in at that moment had no focus on finance at all.
[00:05:38] Speaker A: Yeah. Well, now the. The new Minister of finance is Francois Philip Champan, and he's a very qualified. He was a very qualified minister. So we'll see how he is as finance minister, we'll also see how long this, this government lasts. Because he was just asked by the media today by cbc and they said, are you going to call an early election? And his answer was, well, this government can, we'll have an election before November. He said, so what does that mean? Are they going to, does that mean he knows that the NDP is going to back him up and not vote non confidence?
[00:06:13] Speaker B: It doesn't feel to me that he has to deal with the NDP and he's trying to get there and there's time between now and then that needs to be filled with actually running a government. The problem is he's got a disorganized government to run. It's not going to look good leading up to an election with all the problems that lay waste out of the US Correct. He won't be able to do anything meaningful there.
[00:06:34] Speaker A: Correct.
[00:06:35] Speaker B: The US Isn't going to have any feeling of confidence that they have somebody in power in Canada. And frankly, I think that we're going to get stomped on during this period just thanks to the indecision of elections and you know, creating poly. I, I guess creating a, a scenario where all we care about is party politics and who's in, who's at the top.
[00:07:00] Speaker A: Right.
[00:07:00] Speaker B: With that in mind, when we're really at a moment of crisis, we're at.
[00:07:05] Speaker A: A huge moment of crisis because you can feel it even in the economy. People are so concerned about the tariffs. I've noticed just in the last two weeks, just the business world has pulled back.
[00:07:16] Speaker B: Here's the problem. We never go back to where we were. So now we'll always live in fear of COVID being locked down. So now we'll always be in fear of tariffs.
[00:07:25] Speaker A: Right. And we are. Yeah.
[00:07:27] Speaker B: We will never again go through an airport with ease after 9 11.
[00:07:32] Speaker A: Right. True.
[00:07:32] Speaker B: We don't go backward. And this is what frightens me in this scenario is that we have an opportunity right now to set things straight. Where our government is going to sit around letting the provinces deal with it themselves, Themselves.
That's very concerning. That is we don't have a federal face on this thing. And even having an election at this moment seems like we are an unsett, unsteady state.
[00:07:56] Speaker A: Okay, but what are your thoughts, for example, of Doug Ford who decided to put tariffs on the US Electricity and then the next day reverses it?
[00:08:07] Speaker B: It's very much in the Trump playbook, you know.
[00:08:11] Speaker A: Interesting.
[00:08:12] Speaker B: I will, I will create whiplash of threats and comfort and threats and comfort and threats and comfort until you don't know where you stand. And we have to start again from scratch. So from scratch might be exactly where we started from, but it will be a new deal, a deal that has been structured by the egos involved.
[00:08:31] Speaker A: That's funny that you say that, because for me, it almost looked like 24 hours later, putting your tail between your legs and realizing that this may not be escalating, the temperature may not be a good idea. I think with Trump, he has a lot of.
[00:08:47] Speaker B: I think Ford's being charmed by a bunch of governors.
[00:08:50] Speaker A: Oh, that could be true, too. I think that he And Fox News.
[00:08:53] Speaker B: A little bit of that, too. Yeah.
So I think that, you know, I think really what Ford is doing is the only thing that you can do, truthfully.
[00:09:04] Speaker A: Right.
[00:09:04] Speaker B: But, but to. To walk back threats. That's very Trumpian when you have.
[00:09:11] Speaker A: When you're holding the cards, as he would have said to Z. Trump thinks.
[00:09:14] Speaker B: He'S holding the cards, but really he's not. Because.
[00:09:17] Speaker A: Okay, why, when we pulled.
[00:09:20] Speaker B: When we put our impression on America, you got to be careful which news you watch, because if you watch, if you watch Fox, man, you will think that everything Trump is doing is glorious. And if you watch msnbc, the opposite. Well, it looks like the White House is on fire.
[00:09:39] Speaker A: Exactly.
Sorry, Edit.
[00:09:45] Speaker B: But I think what's most important in, in this process is that Doug Ford is playing the way Trump plays. He has a tendency to play the way Trump plays. You know, short bursts of. Of fighting and. Come on, come on, come on, let's try and patch this up. You know, short bursts of fighting. It's very masculine energy. You know, I hate to say that as a guy, but it's not normal diplomacy. And, And I don't think Doug is interested in that, and I don't think Donald Trump is interested in that.
[00:10:18] Speaker A: So then he may be our best negotiator.
[00:10:20] Speaker B: Feels like it to me. Yeah. But it does not leave the question out there. Where is our federal government at the moment? Anybody globally is going to look and say Canada can't even decide on a prime minister. And they stuck one in there pretty quick.
[00:10:35] Speaker A: Right.
[00:10:35] Speaker B: He's saying he's going to stick around.
[00:10:37] Speaker A: For a while and he doesn't even have a seat in Parliament.
[00:10:40] Speaker B: It's. That's incredible in itself. Right?
[00:10:43] Speaker A: Yeah.
[00:10:44] Speaker B: So.
[00:10:44] Speaker A: Which is crazy to say it can. The election will have an election sometime before November when the prime minister doesn't have a seat in Parliament and can't even sit in during question period and cannot be questioned. I mean, that's like the ultimate dictatorship. Think about it. The Prime Minister is supposed to. Theoretically supposed to sit.
[00:11:05] Speaker B: Literally scared pudding out of me.
[00:11:08] Speaker A: I scared the pudding out of you. Okay, think about it. The.
[00:11:12] Speaker B: We have a dictatorship at the moment.
[00:11:14] Speaker A: Well, I have always argued that the Westminster system that we have is always something to the effect of electing a king for five years. Right. Because the premise was all that control. Whereas the founding fathers of the United States were smart enough to realize the mistakes of the British system and correct it by having, you know, three separate branches of government. Three separate but equal branches of government. The thing now, it's. They've really found a loophole, the Liberals, and now they're playing on it. And it makes me feel very nervous because even though question period, for many years now has been turned in. Into political theater and it's just a joke because you ask, remember with Trudeau, you ask him a question and he answers something completely different and says, well, because of, you know, we're here for the middle class. You know, you could ask him, why did you have Chinese scientists being arrested and kicked out of Canada?
[00:12:09] Speaker B: Well, we are here for the middle class. There you go. You know, I don't even understand the affectation to his voice. It's always irritated me. His voice speaks like that. Nobody in Canada, by the way, speaks like that guy did.
[00:12:19] Speaker A: Well, nobody, but. So now you have a Prime minister in Kearney who doesn't have a seat, can't sit in during question period, can't be questioned. So now the ministers could be questioned. He can't be questioned. So, wow, you have a Prime Minister who is above and beyond reproach. And the media, which is bought and paid for by the Liberals by the hundreds of millions of dollars, is not going to question the Prime Minister because that's their gravy train.
[00:12:45] Speaker B: And he's not one to step in. Into in front of a microphone voluntarily.
[00:12:48] Speaker A: No, of course not. Well, you saw him in the last week. He went running and hiding when they confronted him about Brookfield and the lie that he said during the debate, there was no media opportunity to ask him any questions.
[00:13:02] Speaker B: You think that the election was tilted in a couple of other ways, too. What do you think happened in Friedland's writing?
[00:13:08] Speaker A: So let's look at that data. I think that. I think it's good.
[00:13:10] Speaker B: That was. That was disturbing to me as well, because it just seemed.
Is it a possibility these numbers are even remotely accurate? Are they that low overall?
[00:13:20] Speaker A: Well, let's look at the data. Let's look at the data to Begin with the Liberals say that they had nearly 400,000 people registered as members, but only 150,000 of them were verified and able to vote. So two thirds disappeared. Two thirds couldn't vote. Okay. 150,000 were eligible to vote out of the 400,000. Now, across the board, Carney won with 85.9% of the vote, and he averaged 83 to 86% in any riding. In each and every riding across Canada, whether it's rural or urban or suburban, whether it's in Ontario or Alberta or Quebec or Atlantic Canada or the prairies, it was like the same. The same. The same. So statistically that's very odd because if you compare, it's like an algorithm went.
[00:14:14] Speaker B: In there and filtered it down to that exact number.
[00:14:16] Speaker A: You could say that. I mean, people argued, were they using Dominion voting machines? Like people were asking that kind of question. Right. So now let's dig a little bit deeper. So here's. That's the first set of data that people have to consider. Let's dig a little bit deeper. So Christian Freeland, in her writing, okay. Which, you know, her writing is University Rosedale is downtown Toronto. She's held that seat, as I recall, from even before 2015. Okay. So she didn't just get newly elected in 2015, she held it from before.
[00:14:46] Speaker B: She was a replacement, I think. In that. Correct, in that riding.
[00:14:50] Speaker A: Correct. And so she has built up a team of volunteers, supporters, family, friends, whatever the case may be, in University Rosedale. And they're saying that she only got 188 votes, whereas Carney got over 1,000 in her own writing.
[00:15:12] Speaker B: Okay.
[00:15:12] Speaker A: It doesn't make sense.
[00:15:13] Speaker B: Okay, let's. Let's peel this onion. Do you mind?
[00:15:16] Speaker A: Yeah.
[00:15:16] Speaker B: So that riding fairly affluent.
[00:15:19] Speaker A: Yeah, fairly affluent downtown Toronto.
[00:15:21] Speaker B: So the voting may actually was obviously going to be a more conservative leaning vote. Right. To Conservatives. So the, the Liberals that are voting in that neighborhood, maybe I'm wrong about this. The. The registered members that are voting in that neighborhood, is it possible they've had a change of heart about what the Liberal Party represents and they're looking to Carney to be that new face of their party so strongly that they need to make that known that way.
[00:15:55] Speaker A: You'd have to be willfully blind to believe in that because Carney was the financial adviser to Trudeau for years. Carney has exactly the same points of view with respect to the environment and finance and all these kind of things that Trudeau had and Freeland had, carbon tax and all that kind of stuff. Nothing new with Carney. There's really nothing new with Carney. It's the same old Liberal Party, just with a fresh coat of paint.
I still wonder. You'd think that she would at least get 40% of the vote. Even if people said, oh, Carney's the going to be the winner, she would have such a secure stronghold on her own writing. And on top of that, there would be anomalies in other writings where Carney would get higher percent and. Or in other writings, Freeland would get a higher percent. Look at when Pierre Poliev ran for the leadership. It wasn't a straight across the board, 86%. Like.
[00:16:52] Speaker B: No, there were writings that were more.
[00:16:55] Speaker A: For him and more for. Yeah, you know, look, when Aaron O'Toole won the leadership for the, for the conservatives in 21, there were writings, for example, in Peel region that all went for Peter McKay and then there were other writings that just all went for Aaron O'Toole.
[00:17:09] Speaker B: I forgot the name Peter McKay till you mentioned it right now.
[00:17:12] Speaker A: Yeah, Peter McKay ran and he won all six writings in Mississauga. And there were some writings where Aaron O'Toole didn't even come in second place. So that doesn't make sense to me that in that kind of a contested nominee leadership, I should say that Freeland couldn't have won at least one writing, particularly her own. So now let's jump to Burlington, which is Karina Gould's writing. Right. So Karina Gould in her writing, which she won first in 2015. So she's been in power for 10 years. She's had her seat for 10 years. She has family in Burlington. She has everything. You know, she's, she's raised, raising her kids. She got pregnant raising her kids in Burlington.
[00:17:51] Speaker B: She's got volunteers council there before, I believe.
[00:17:54] Speaker A: No, that's a good question.
[00:17:56] Speaker B: I think she, I think she was at a regional level as well.
[00:17:59] Speaker A: I forgot. Okay, so she, she only got 190 votes, very close to Freeland's. 188.
Doesn't make sense.
[00:18:11] Speaker B: If it, if it does make sense, it's not evident why, but it doesn't make sense.
[00:18:16] Speaker A: You, you'd think that they would at least win their own writing. You think that they would. You think of all writings that they would go after to make sure that they secure. They would win their own writing.
[00:18:27] Speaker B: That is pretty interesting.
[00:18:29] Speaker A: And you'd also think that there'd be some writings where Carney would get 60% and other writings at 85%. Not across the board, about 83, 85%. Across the board. And we're talking rural, suburban, urban, we're talking variety of writings. It doesn't make sense.
[00:18:47] Speaker B: Who ran this election?
[00:18:48] Speaker A: Was it the Liberal Party? No, no internal.
[00:18:51] Speaker B: There's no third party elector.
[00:18:52] Speaker A: No. There's no elections.
[00:18:55] Speaker B: It makes me wonder if elections Canada needs to be in on every level of government, any election that happens. And, and the reason that I say this, I. I don't like more government. But when it comes to elections, we all need to agree to a secure system. First of all, I don't think voting in person is a reality in the future. We need to look at that now.
[00:19:19] Speaker A: Okay.
[00:19:19] Speaker B: Like we need. There's a million ways to verify from a remote vote.
[00:19:23] Speaker A: Okay?
[00:19:24] Speaker B: True or false. The members of our Parliament, they vote remotely on an iPad most of the time on issues they can, but the.
[00:19:32] Speaker A: Ipad, their, their vote. Their vote is secure.
[00:19:36] Speaker B: Okay? So we all could be secure. If they could be, we could be.
[00:19:40] Speaker A: Yes.
[00:19:40] Speaker B: So sure, we have to look forward to that in some way. But this is just another example. If it happens at this level before it becomes an all public scenario. Yeah, sure, the Liberal Party's putting out the guy that they're going to put out and it's up to them if they did shitty voting. However, the person that they're turning out.
[00:20:01] Speaker A: There is the Prime Minister of Canada.
[00:20:03] Speaker B: Is the Prime Minister in this case.
[00:20:04] Speaker A: Yeah. Yeah. So that's why this is alarming to me, for lack of a better word, this is alarming to me because it's not just an internal nomination or internal leadership. This is the person where the, the moment he gets elected, he or she, then he, she or 32 other genders.
Right, Right. Okay. The moment that person gets elected, that person becomes the Prime Minister of Canada. The Prime Minister steps down Trudeau, as you did today, and that other person gets sworn in. So that is a concern. So you are right there. There needs to be oversight over this. But too late, it's done.
There won't be any oversight. There could be some hang hand wringing. Canadians will get upset and ask questions. But you know, is anything really going to change about this? No. And now we're in a situation. Where is Carney going to dissolve Parliament on Sunday the way the Conservative Party of Canada thinks it will? Is Carney going to hang on to power till the 24th when Parliament unprogues itself? Parliament returns and they have a throne speech. Is Jagmeet Singh going to, should I say, fulfill his words that he's not. He's already fulfilled his non promise that he is not going to vote non confidence with this government. First he said he would.
[00:21:33] Speaker B: Mr. Double negative.
[00:21:35] Speaker A: Exactly right. So he said he was going to vote non confidence and now it's like, no, he's not going to. And they're going to find a way to work together.
[00:21:44] Speaker B: He's like the Riddler. Well, I don't really know where Jag Meat Singh sits anymore. I think that he's the joker. He kind of does feel.
I would really like to speak to him on this show and understand why they can't keep a singular position.
[00:22:03] Speaker A: I would welcome him on this show.
The chances that he would attend to questioning on this show.
[00:22:12] Speaker B: As a guy, he seems like he.
[00:22:13] Speaker A: Would do that, but are slim because.
[00:22:17] Speaker B: It'S not good PR for him for sure. But.
[00:22:20] Speaker A: And also because I don't play the word salad game with him. And I would keep asking a question until. And I corner him until he answers the question.
[00:22:27] Speaker B: I promise you that is the truth about Richard Rupp.
[00:22:30] Speaker A: Yeah. So. And he knows that. So, you know, I, I don't take fools kindly.
[00:22:35] Speaker B: So let me ask you this then. How many days do we have a new prime minister? Is it four days now?
[00:22:40] Speaker A: No, no, no. Just today. He just got sworn in today. Today's Friday.
[00:22:43] Speaker B: Wait, wait, wait. Didn't he come into power the other day?
[00:22:45] Speaker A: He came. He. He won the leadership.
[00:22:47] Speaker B: Oh, yeah.
[00:22:47] Speaker A: But then today, on Sunday. Today, Trudeau officially stepped down, got booed.
[00:22:53] Speaker B: And floated out of the room.
[00:22:54] Speaker A: Waved goodbye with his fancy socks.
[00:22:56] Speaker B: Yeah.
[00:22:57] Speaker A: And took his chair also the other day.
[00:23:00] Speaker B: Yeah, I saw that. That's. Oh, you're so fun.
[00:23:02] Speaker A: Stuck his tongue out at everybody. Basically giving us the finger because he's given us the finger for 10 years. Screwed Canada over. And. And so he stepped down officially. The Governor General got on a plane.
[00:23:15] Speaker B: Epstein Island.
[00:23:16] Speaker A: Yeah, yeah, I'm sure he gets a first class ticket at Epstein Island. We are so. Or Nygard island or whatever the case may be. You know, the Canadian version.
And then. And all the new cabinet was sworn in today.
[00:23:31] Speaker B: So what do you think will happen polling wise? And you know how I feel about the polls. The polling to me should be left to only fans. By the way, just a reminder, please check out my only fans. The polls coming into.
Into this week.
[00:23:50] Speaker A: Yes.
[00:23:50] Speaker B: Were that it would be a more even fight for the federal position for the.
[00:23:55] Speaker A: Only for the Nick Nanos. For the Nanos poll. There was a one point gap between the parties. Now what I will tell you now from the inside because I know a lot of you are wanting to hear some inside Information from what's going on in Ottawa. So a, at the doors, canvassing, knocking on doors, talking to the actual voters in the gta. So just give that as an idea of what's happening in this part of Canada. There are still a majority of people who answer the door who are saying they want to change and they want to vote Conservative and they're not going to vote. They're tired of voting Liberal. That's the, that's the reality to me.
[00:24:36] Speaker B: That's the gap maker then.
[00:24:38] Speaker A: Okay, that's the reality.
The inside story is talking to liberal pollsters this week and looking at some of their data. I'm surprised at their level of confidence. I thought it's a bit of BS and, you know, they're just, you know, floating a trial balloon. No, they're saying that they feel that the polls that they're seeing are changing and benefiting the Liberals. And that is a huge concern to me. But I don't see it at the door.
[00:25:07] Speaker B: I, I would, by the way, just watching the way polls go and the way they ask the questions.
[00:25:14] Speaker A: Correct.
[00:25:15] Speaker B: I mean, do you feel more confident in a new prime minister that the Liberals have put into place? You could get that, that, that could elicit a yes.
[00:25:24] Speaker A: Yeah. You'll get 80 yes because people just don't like Trudeau.
[00:25:28] Speaker B: That could solicit a no because. Well, I don't think it'll make a difference.
[00:25:32] Speaker A: Right.
[00:25:32] Speaker B: I'm still going to vote Liberal. The, the question is not indicative of, indicative of what we're seeing in the polls.
[00:25:38] Speaker A: Yeah.
[00:25:39] Speaker B: And even often they'll tell you what the poll question was and you just know that was not the question they asked.
[00:25:44] Speaker A: Right.
[00:25:45] Speaker B: Based on the response. But it seems to me that any poll results that are going to come in right now are really temporary. They're real bubble. The real bubbles. Bubbles in the ginger rail.
[00:25:55] Speaker A: Absolutely. Because this is the honeymoon stage for Carney.
[00:25:57] Speaker B: And, and it's not that big a deal. Like, right, if, if we, if this guy came into power and the world stood up and cheered like Trump got the, the arrangement in, in, in the US A swath of people are glad to see this guy back. Okay. That would be one story. But the truth is most people are, including myself, are still reading his resume, going correct. Wow, this nerd's really quite the, quite the big deal and still trying to get past that to understand if that's PR on his part.
[00:26:30] Speaker A: Right, Exactly. And that's true because people like, who is this guy? Even though bank of Canada Governor or whatever, they're still saying, who is this guy? They're not familiar with this guy.
[00:26:38] Speaker B: You know how many bank of Canada governors there are?
[00:26:41] Speaker A: We have one. Wow.
[00:26:42] Speaker B: Do. How many do we have?
[00:26:45] Speaker A: One.
[00:26:45] Speaker B: I don't know.
[00:26:46] Speaker A: One.
[00:26:46] Speaker B: I don't know. I don't care. I never heard of the governor of the bank of Canada.
So, with all due respect, somebody said to me the other day, oh, this singer's awesome. And I was like, I never heard of them. Well, they're really famous. No, they're not. I've never heard of them. And Mark Carney falls into that category.
[00:27:03] Speaker A: Fair enough. Yeah, absolutely.
[00:27:05] Speaker B: You know, if Mark Carney was hanging around politics, God bless him, maybe he's been doing better things in this world. He seems to be quite the environmentalist. But I haven't heard of him. I don't know who he is.
[00:27:16] Speaker A: Right.
[00:27:17] Speaker B: He's from the banking system. That sounds evil to me, frankly.
[00:27:21] Speaker A: See, and a lot of people just think, oh, well, he has an economics degree, he knows what he's talking about and things like that. And then, but they have to, they, you see, you have to understand where the person is coming from. Person can have an economics degree, but they could believe in socialism, they could believe in communism, they could believe in taking away your property. And that doesn't take away the fact that they have an economics degree. Right. That doesn't have to believe. That doesn't mean that they have to believe in the free market system. They could believe in a socialist system. They could believe in a collective.
[00:27:50] Speaker B: Yeah. Many dictators have had very good economic background.
[00:27:54] Speaker A: Absolutely.
[00:27:54] Speaker B: Yeah.
[00:27:55] Speaker A: Right. So this is a big concern. So people, I think right now are in the honeymoon stage. People are in a honeymoon stage with, with Mark Carney and they just have to, you know, see who he is. And I think that the time will be worse as we get closer to March 24th or April 1st.
[00:28:17] Speaker B: Well.
[00:28:18] Speaker A: Or April 2nd, whatever Trump does. You mean like the economic.
[00:28:22] Speaker B: The economy overall.
[00:28:23] Speaker A: Economy overall.
[00:28:25] Speaker B: So I have a little prediction about that.
[00:28:27] Speaker A: Okay.
[00:28:28] Speaker B: This, today, one week from today.
[00:28:31] Speaker A: Yes.
[00:28:32] Speaker B: All the tariff stuff will be done. All the talking will be done.
[00:28:34] Speaker A: Do you really think so?
[00:28:35] Speaker B: Do you think Trump has the attention span to keep this going?
[00:28:39] Speaker A: Do you think Trump wants to see Carney as Prime Minister of Canada?
[00:28:42] Speaker B: Yeah.
[00:28:43] Speaker A: Why?
[00:28:44] Speaker B: I think that he thinks he's an easy. I think he knows he's a cakewalk. I think that he knows that the banking system. The one thing for sure that Trump wants is US Banks in Canada.
[00:28:54] Speaker A: Right? Yes, sure.
[00:28:56] Speaker B: You know, even, even Polly have saying, we'll Never have it. We'll never have it.
[00:29:01] Speaker A: Right.
[00:29:01] Speaker B: Well, you know, I bet Mark Carney could be the first guy to be convinced. You know what? U.S. banks in our banking system could level the playing field for Canadians. I don't know that it would, to be honest with you. I think it would crush our banks. But if, if he was the guy to say we're going to do it, I wouldn't be surprised.
[00:29:18] Speaker A: Well, that's a very interesting point of view. I mean, look, I'm all for the free market and I'm all for competition. So if there's more bank banking options, Canada has a very limited banking option.
[00:29:29] Speaker B: What do you think about becoming part of the United States?
[00:29:33] Speaker A: That's a great question people ask.
[00:29:35] Speaker B: People are reactive to this.
[00:29:37] Speaker A: Yeah.
[00:29:37] Speaker B: But my whole life I've, I've heard Canadians say, we're basically the U.S. well.
[00:29:44] Speaker A: We'Re basically a branch plan of the U.S. in some extent right now. Now we're a branch plan of China to some extent.
You know, we're a separate and individual country, but we have a very shared history, both Canada and the U.S. together. And, you know, I think our economies are too interrelated.
So I think we will be a sovereign and independent country. We'll maintain that way. I, you know, I, I don't, I don't have strong opinions one way or the other.
[00:30:19] Speaker B: I don't want to be American, man. I like when I travel and people like, oh, you're Canadian.
[00:30:24] Speaker A: Oh, they love us. Yeah, they love us.
[00:30:26] Speaker B: I don't. I, I think that's the. But we might only be two generations away from that now that the seed has been planted. Right.
[00:30:34] Speaker A: Yeah. And that's very possibly true.
[00:30:36] Speaker B: It's going to be, it won't be Hudson's Bay anymore, it'll be Trump Bay.
[00:30:39] Speaker A: Well, and then they claim bankruptcy. Look at that. Just like Trump does. Well, never corporate, never personal.
[00:30:46] Speaker B: Ah, right.
[00:30:47] Speaker A: Never personal.
So I think the other point you made that's very interesting, just played in my mind, I wanted to get, get it across is here you have Carney as the Prime Minister. Say Carney stays in power and holds on to power as long as he can. And he's from the banking world. And that's a very, you know, I wouldn't say buttoned down, but a very, you know, white collar, straightforward. Everything's very, you know, by, by the book, by the rules kind of thing. And that's what Carney's used to, you know, very straight line, linear way of thinking. Whereas you go up against Trump, who has A very chaotic way of business dealing. And, and I don't want to use the word chaos, but for lack of a better word, he, you know, his way of doing business is a little bit of a street fight kind of thing. I don't know how Carney is going to be able to handle that. Whereas Trump knows how to deal with the bankers. He's done that before for decades.
[00:31:48] Speaker B: He's dealt with, I will say this, Carney has dealt with the Trumps of this world at the banking level his entire career.
[00:31:54] Speaker A: Well, the sharks in the banking world, the central banker, he's been the boss.
[00:31:59] Speaker B: Of Trump probably more than once in many deals. Yes, you can have the money. No, you can't have the money.
[00:32:04] Speaker A: Okay. Okay.
[00:32:05] Speaker B: And I think even in, even in the US Market, Kearney has had some impact on, on some business and real estate. They might be able to find some common ground there. He might just know how to deal with him. But he's not going to be the Prime Minister for long. I still maintain Polly have, comes in shortly and it's a whole new deal. But we need to get there soon or leave Carney in for whatever. But we need to have a steady federal representation. Yes, a singular representation right now more than ever. I hate this.
[00:32:41] Speaker A: Well, then to listen. I think everybody hates it. It's, it's instability.
[00:32:46] Speaker B: Instability. That's all it is.
[00:32:47] Speaker A: It's instability.
[00:32:48] Speaker B: You've always got the big words, don't you, Richard?
[00:32:50] Speaker A: It's with tariffs, it's with politics. We right now have instability. So if anybody wants to write a, an email to the prime minister's office and tell them, call an election now. We need stability. Push them, you know, get it, get to the media and tell them you're hilarious. This is.
[00:33:08] Speaker B: Go ahead, try the, try the liberal call chain. See if you can get the Prime Minister.
[00:33:12] Speaker A: Call this. Yeah, call the call chain. You're on hold for the next two hours.
[00:33:16] Speaker B: The next. We're going to. Sorry, you're going to have to wait until the 24th and then we'll get back to you.
[00:33:20] Speaker A: Yeah, exactly. The office is now closed.
[00:33:23] Speaker B: I hope that he decides to call an election. I hope so, too, but I don't think he has that confidence. And I think his math is good enough that he knows it's not the time.
[00:33:31] Speaker A: Oh, 100. Yeah, 100%. 100%. But again, if he holds on longer now, if you're saying that the, the tariffs will all go, then he's got smooth sailing for a while. He's okay. Stability comes back into the market.
[00:33:47] Speaker B: Yeah. I think that by this time next week, the whole world is so angry and the US Is so angry at itself that Trump has to be starting his whole. Well, you know, I've, I've tried to turn these tariffs back, but these guys, we have to be careful. We have to be careful with these tariffs. And I've said it since the beginning, but, you know, so he'll, he'll start to be, he'll start to mansplain why he's walking this back starting this time next week is my prediction.
[00:34:14] Speaker A: Well, you know what? This is a perfect way to leave off this show and let's wait to next week and see if Mike's prediction comes true or not. Because now I'm very, very interested. Because if that's the case, Carney will be sailing for months before he wants to have an election. Exactly right.
[00:34:32] Speaker B: Exactly. If there's clear sailing, you're right. He'll sail.
[00:34:35] Speaker A: He'll sail. Why? Why risk that he would lose and put it up to the voters when the voters might vote them out? Right. So, ladies and gentlemen, I want to thank you for listening to another episode of the RUP Report. Again. Please like this episode and subscribe on whatever platform you're listening it to. And as I, as we said in the last episode, I think there's 45 different platforms that this is on. So please continue to share this with your friends. If you really found something useful, intelligent and informative and even funny, share it with your friends. Like it. And definitely subscribe so that you're up to date with the latest episodes and with what's going on in Ottawa and across Canada in the federal political scene. This is Richard Rupp for the Rupp Report, and I wish you a great SA.
