The Bank of Canada needs accountability
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- Опубліковано 11 вер 2024
- It’s time to hold the Bank of Canada accountable.
The Bank of Canada is so powerful, it can devalue the money you have in your pocket.
Canada’s state media has thus far refused to hold them to account. So, it’s up to us.
This week, I’ve introduced legislation in the House of Commons. The Bank of Canada Accountability Act will empower Canadians with the ability to fully scrutinize the activities of those at the Bank of Canada.
Share this video with your friends and family, it’s too important.
I like the new style that the Conservatives are taking. Talk to us, explain to us. Change the way politics is done, you have open line of communication with the citizens, you don't even need to talk to the other parties aside from in the house. Kudos Andrew Scheer, do this more please.
They can start by concentrating on all the reasons they have lost 3 elections in a row.Get a Climate Plan.
*"Inflation is taxation without representation." ~Milton Friedman*
Nice
This is it Scheer!!! More of this format! Very high quality!
Why did Scheer promise to move the Canadian Embassy in Israel to Jerusalem ? Because Trump did it and he is nothing but a puppet-on-a-string. You want accountability ? That would have been a complete violation of International Law. Why did the Cons muzzle scientists that were studying Climate Change in the Arctic ? The minute you start doing that is the beginning of the end of an informed society. You want accountability, these clowns should look in the mirror.
This video needs to be shared everywhere
Andrew..... Keep up the good work and support for our country or what's left of it . Peace
You are so Right
The Conservatives are really hurting the liberals way to go Andrew Pierre
Glad to see the Conservatives using all there Brain Cells and doing the right thing pierre you should have the judge removed Please bring it up in the House
The nation needs to see this. There's a direct cause-effect relationship between Trudeau's deficits and the inflation we're seeing now. Thanks for the video Andrew! I voted for you in 2019 knowing how much danger this country was in under Trudeau's reign of terror, turns out I was right. Doesn't take a genius to know that he'd wreck our economy. I knew since 2015 and removed all my Canadian investments/assets and flipped to American.
This is what we need. Clear explanations of what's going on. Hard to find these days.
Our code of conduct is all wrong
why does he have a "duper's grin" on his face....... what isnt he telling you may be a good question to ponder
Too bad he wasn't so forthcoming when they were in power!!
We borrowed from ourselves at simple interest until 1974, Trudeau Sr sold us out to the BIS and the international banking cartel. Now we borrow from private investors at compound interest to the point of bankruptcy.
Banks will be crashing soon !
Nonsense. Nothing changed in 1974. The government still borrows from the Bank of Canada by issuing bonds the same way it did before 1974.
@@johnemonroe trolls be liars.
I have had enough of your propaganda on Twitter. Be gone.
@@DionKlitke Unfortunately youtube does not allow links or I would post links to evidence for my claim. The Bank of Canada has lent continuously to the government since 1935 by buying bonds. Nothing changed in 1974.
@@johnemonroe our debt has increased with compounded interest since 1975. This was not the case before the agreement with the BIS. International banking cartel got it's hooks in. Just like nearly every country on the planet. Iraq, Libya were hold outs and we know how that went.
Pollievre said it two years ago. More money chasing fewer goods creates INFLATION!
politicians create inflation
And what should we have done instead when everyone had to stay home, not work and not get paid during the pandemic. Hindsight is 20/20, but I don’t recall any plan from the Tories to solve the issues that arose in 2020
@@davepadmore2982 why stay at home that is the question, why not make it optional.
@@akshatkashyapAK the countries that took that approach had ten times the deaths of nations that locked down.
We will probably never know how many Liberal friendly companies made millions with Trudeau 's rampant spending. Waste beyond belief. This government has been as transparent as mud.
In my opinion , this relationship with the WEF
Yes, all of Lustin' Justin's appointees need to be accountable and likely replaced as a result. The Chief Statistician at Statscam, senior members of the CBC and RCMP all need to be held accountable for the damage they have done to Canada under the ideology of The Liberal Party of Canada and for the laws they have broken.
Thank you Mr Scheer.
For what???
🙋🇨🇦 Did he condemn the TERRORIST GOVERNMENT that blew up Nord Stream and caused the ENVIRONMENTAL DISASTER & COLOSSAL METHANE RELEASE that just NEGATED ANY GAINS any carbon tax would have made?
As always, thanks for watching ;)
The media should give back the money Canadians paid them for real news. Defund CBC
I like the way conservatives are talking directly to Canadians. Maybe this will change the way our politicians from all parties talk to us. Explain the issues in simple easy to understand videos
They have been in office over and over and yet have never done anything about inflation, nor will they ever do anything about the big banks. Both the Cons and the Libs are lobbied by the banks. As long as that is happening, they have no desire to look into the banks.
@@Office_Zombie I agree, no political party is going to save us from big bank greeds and the people running our country seem to be inept at best and beholden to big business
Tiff Macklem: Interest rates are very low, and they're going to be there for a long time. if you've got a mortgage, or if you are considering to make a major purchase.... you can be confident that interest rates will be low for a long time.
Now I'm about to lose my house because interest rates have gone up 13 fold in six months, well above the 2% stress test. Please let Tiff know that really hard working tax paying Canadians are going to be on the streets because of their misguidance and negligence.
How do we hold these people accountable? They will at the worst lose their jobs and move on like nothing happened. Every Canadian is feeling the pinch. Everything has gotten so expensive that even if your household makes 200k a year your poor …….. I read that somewhere and can’t recall where.
40 million every day for JUST the interest on our nation's debt !
What we are witnessing here is a totally restructuring of the Conservative Party. Why do I say this? It is because as of late we see every opposition minister actually doing their job. They are out there backing Pierre up and working together as a TEAM. I have not seen this level of team work within the Conservative Party in a long time. It is a breath of fresh air. Keep it up !!! Oh, and great video Andrew, it was explained very well in plain speech.
Much different kind of teamwork going on with the Liberals. Protect the boss at any costs.
Let the truth out!
My bank of Canada, stole my children's lives! Shame shame shame!!!
There is NO ACCOUNTABILTY that is the problem we face today!
I want Canada back EH 🇨🇦 🍁
An important consideration is that the BoC’s mandate is to target inflation of 1-3%. It is not to provide investment advice. When Macklem said that if you have a mortgage or you are looking to make an investment, you can feel confident rates will remain low, he provided investment advice to the public. That is completely inappropriate. He told the public that we should feel comfortable leveraging our personal balance sheets and then he rug pulled us with violent rate hikes.
You're right! Offering investment advice to the public should be the job of political leaders! That's why I sold my home and invested all my money in crypto!
-- send from the bench I sleep on now
@@elibennett3034 if you’re referring to Poilievre, he explicitly says “this isn’t investment advice, bitcoin can go up and bitcoin can go down”. There’s no comparison.
@@justinm5034 he said "for the foreseeable future" and he said it in the summer of 2020. Context sucks when it doesn't support your argument, but remains important nonetheless.
Hopefully, future Canadian governments will have the courage to undo the disastrous policies of the Harper and Trudeau governments.
You explained this well . Andrew , thanks
Your videos are not only informational, they are critical because your presentation can be understood by the average voter. Keep them coming Andrew, so glad you are our MP!
Yeah the office of the Prime Minister has great Leisure scheduling
as a Seventh Generation Canadian I feel really proud to see the Commander in Chief bungee jumping instead of being on the house floor
Excellent presentation Andrew. Hope you can be a finance minister in a new conservative government.
loved this Andrew
Thanks, Frank
I'm going to be making a lot of content like this over the next few months -- so I'll see you around!
This is the information Canadians need to see thank you!
Thank you Andrew now for people to cross the floor and get rid of these Canada haters
Do you really want people to cross the floor that have ripped us off for so long while not missing a paycheck?
'You can't bully someone into having faith in institutions' well said.
politicians from all parties should take note. this is how to communicate respectfully with a highly educated electorate in 2022. you've stepped up your game. keep up the good work.
They see us as serf chattel, not citizens.
Hey Great job
How so?
Thanks, Alec
@@AndrewScheerMP your welcome Mr scheer
@@kylehines3185 hey Mr Hines him tell true
Andrew Scheer I must say what you did to the Liberal government today deserves a medal of honour. I have never had more hope in my life than what I witnessed today. Just thank you 🙏
I appreciate the video. We do need to here more criticism of government. As an a quebecer I like to get more messages like this in french. There's at least 500,000 quebecers who are open to hearing more from the conservative oulets in Quebec.
Mister Scheer
I am so glad someone of your caliber is taking his precious time to delve into this critical subject that so many people ignore. This is one institution that has so much direct impact on our lives that it should be run with the most competent and ethical people we have in Canada. I am praying that you will join the next conservative government that will eventually come to power and helps create a new charter for this institution that would be more responsive to the Canadian people.
poles for voting but rules under the table! got it!
Andrew, Had you been this definitive and expletive you would still be leader
Andrew keep up the great work. Please don't leave no stone unturned.
Hard to imagine anyone would be against auditing the BoC. Transparency is all we ask for. Increasing the money supply increases inflation, its effectively another form of taxation.
Transparency is Kryptonite to them.
Bank of Canada Trying to gaslight the public. Just like a true abuser.
The system is toast. It doesn't matter which party runs it. Same result.
Mr Scheer is really coming into his own. Great video as it will help explain to non-econ nerds like me how we got into this inflationary mess.
ThankYou great leader Mr. Scheer thankYou fighting for Canadian 🙏God bless,protect you 🙏
Thank you Mr Scheer. We keep praying for God's deliverance from the hands of the coward wicked ones!
good job scheer .... too many people dont understand or think about this...
I'd like add that they take an awful lot of fees off of people who are barely earning anything! It's ridiculous and they make a big profit every year...
You and Poilievre are a force of nature!
So happy to see you both fighting FOR us!
Thank you!
Great explanation in the video though. About time a politician took the initiative to educate the people. It is greatly appreciated.
Love how Andrew educate the public! He is excellent!
Hope you get Trudeau out soon and do the right thing for all Canadians we are all in big trouble and if we can't trust you We are all done for hpe you really get rid of the world economic forum can't live under all that
Great job Andrew
The TRUTH ! ... from the RIGHT ! ... Thenk You 👍👍
I’d rather have the Bank Of Canada be politically independent than have politicians have some power or scrutiny over it. The Bank of Canada did what every other bank around the world thought was the right decision at the time; which was to stimulate the economy when everything got shutdown; they know they stimulated the economy TOO much and didn’t make the right call to stop it earlier. But, it’s not a reason to start having political influence over our institutions when our politicians themselves have ulterior motives.
Thank you Andrew Scheer for being an active, moral, determined representative of the people.
Thank you Andrew. These well read, well educated, people seem to think that one can bake a cake in the act of eating it.
Tell Pierre to open/get the books on everything. All government books. All of it need to be audited openly.
Thanks.
I'm so pumped! Ron Paul talking points!!!!
i remember when my mom bought play money from the store.i tried to buy some candy with it at a local ottawa store.i found out at a young age printed money has no purchasing power.that day though the left over candy i had at home suddenly was or at least felt more valuable.maybe thats why today i feel something is seriously wrong and no one notices.its not they are complicit,they just could never finish a game of monopoly.
This is a great video. The Conservatives need to put out lots more just like it & use every social media platform to help inform Canadians. I knew the Liberals got the BoC to print a lot more money during the pandemic - maybe 80-100 billion - but I had no idea it was this bad. The BoC execs don't just need to be fired, there needs to be a thorough, public investigation with criminal negligence charges filed. This is disgraceful. And Tiff Macklem says it's insulting to suggest he should be fired!
Thanks for a great video, Andrew. I'd love to see more politicians do the same. I'm on the Bank of Canada's monthly business pulse survey. For the past two years I've been ripping them for their mindless money printing that's hurting Canadians.
Greetings from Pennsylvania, USA 🇺🇸. Our Federal Reserve System did exactly the same thing. However, it is now tightening credit because of the massive USA price inflation. Best wishes to Canada 🇨🇦.
You should look up the history of the Federal Reserve Act 1913. It turns out you don't need an army to take over a country.
@@resonate9815 I am very well aware of the history of the Federal Reserve. I would recommend the book "Jackals At Jekyll" to anyone. I am old enough to remember that in the 1960s United States Notes and Silver Certificates circulated as currency bank notes in the USA which were not issued by the Federal Reserve but by the United States Treasury.
@@resonate9815 A half dozen men in a train car.
Awesome explanation, you had a way of making this more clear to people than I can. Also, loved the video and how charismatic you were, would love to see more like this of you online! Too bad you didnt have more of a online presence in the years past, we might not be in this mess. Looking forward to seeing more!
I watch this guy's videos to see how crazy he'll get. This one was really out there. Congrats!
All Liberals and Niberals (coalitionists) need to see this. I always suggest Economics 101 as a start for them to see how the world functions; to no avail. This video is a soft, gentle, but not moistly spoken segue to a simple concept I think even they can comprehend as it has pictures and is narrated for them.
Please push for a public investigative hearing + trial to expose their actions ( Bank of Canada's ), charge them with negligence , then put senior management in prison (and any Liberal government officials connected with them) ,then fire the rest of them!! That will teach them accountability and that the citizens of Canada's won't tolerate this behavior any more. Think about all the lives , families, businesses these guys are ruining right now and the foreseeable future.
More people should see this. Ask your conservative colleagues such as Pierre to share this on social media.
This is a great video thank you Mr. Scheer
Thank you for your effort to help Canadians
The bank of canada devalues money on the orders of the government to follow the governments fiscal and economic policies. The government is the one that needs accountability.
Where is the borderline between misinformation and fraud? Financial fraud? Where can there be charges?
This is great stuff!!
Do these explainer videos for all sorts of topics.
There are a lot of questionable things that the liberals have done.
If necessary new powers of investigation should be brought in to examine all the issues the Liberals swept under the carpet.
everyone needs to see this.
I just hope when you guys get in. That you do what you say. In my opinion, this is criminal on so many levels
Maybe that's how they track criminals of the code they give you all this play money... sounds reasonable like constitutional amending rights for citizens.
No. What we need is to abolish this institution along with a plethora of other institutions that cause unnecessary problems for people. The government is too inept to run anything. Before anyone says “the bank of Canada isn’t run by the government” if you think that you clearly aren’t paying attention.
I agree 100%
It's unfortunate there is no accountability for poor decisions made for Canadian Citizens. Just a pension and a job at the WEF or BlackRock.
100%. Klaus' circus cronies run this country.
Who's getting a pension?
@@MyrtletheTurtle3867 almost everyone employed by the Public Sector will get a Defined Pension.
Before the 1990s many Private Companies also offered employee this but the Canadian recession in the 1990s lead to pension shortfalls and many bankruptcies. Canada went through Pension reform in the Private Sector and most Companies got rid of Defined Benefit Pension and went to Defined Contribution Plans. This took the liability off the employor and created products that the Financial Industry could charge employees an Annual Management fees for regardless if your investment performed well or poorly.
The Canadian Pension Plan was going to face shortfalls as well with interest rates falling in the 1990s so they allowed investments in riskier assets as they did not want to increase contributions or make Retirement age older than 65. If the stock market faces a severe decline for many years and other asset classes fall we may see shortfalls again with the CPP as a large percentage of our population will be drawing down CPP.
Thank you, Sir for the truth.
magic show keep digging Andrew!
THIS is Brilliant!!
Thank you Andrew for informing & educating your fellow Canadians! It’s a refreshing approach of communication, it’s as if you were sitting in our own living rooms having a discussion on what’s really happening! At the end of the day, we are all in this together, weather one is in public office or a private citizen, we all should be demanding accountability to the bank of Canada and our elected government!
Keep the conversations coming! I like this new Conservative approach! 👍
Great explanation Andrew. We need accountability and transparency in government.
Thank you for the break down 👊
Too bad there was NO opposition at the time.
When one talks about the massive debt being incurred during the pandemic, it seems Sheer misses one serious point. Who benefited from all the piles of cash being thrown around. Would it be inconvenient to talk about the upward transfer of wealth that took place? It would seem so.
I don’t imagine someone like Sheer is going to call out all the big corporate welfare recipients who were happily driving the whole scheme from the outset. Not just in Canada either.
When the policy changes come to reign in spending and “fix “ inflation, pay close attention to where the savings are to be had. It sure won’t be beneficiaries of the pandemic.
We have seen this show too many times...
Next question is : Where is the interest going to come from when the bonds are due? It wasn't printed into existence so... They have to borrow that too. Or, issue more bonds.. Same thing.
Accountability? Jus tin ,ya right . Justin's one ace in the whole. When justin is out by some means
He printed money like Germany did so one loaf of bread is worth millions litterly. This is why the gold backed system is needed it is ful proof.Bonds are printed, goverment buys them , banks charge interest on these sold bonds . BRING BACK SLOAN ,he warned this , actually he was 1 or 2 of people in parliment that spoke up. Noone backed him , including my favorite politician. Andrew
F.
Large financial institutions actually create new money when they buy government bonds as well. The only thing is that private banks are limited in the amount of new money they can create to buy government bonds through banking regulations.
Well done sir
So we been lied to, that in order to decreased inflation, banks of Canada has to increased their interests rate????
sounds like i am owed 400M$ and $36000 for the boosters i never needed and $59788 for rent and hydro to let the employers get away with in exchange for the property taxes they already owed!!!
Please hold the Bank of Canada accountable when the Conservative Party wins the next federal election. Godspeed!
Banks...what about the Canadian Infrastructure Bank that Morneau and McKenna set up that didn't build a thing. Where was that money laundered to?
I wish you had brought up the irresponsibility of this government more aggressively during the election of 2021.
I have so many questions in trying to understand what happened vs what should have happened so I am going to try to limit it to one. With the benefit of hind sight what would have been a more fiscally responsible response to the pandemic while still keeping Canadians safe? A lot of money got spent but some of that money needed to be spent. Let's have some specifics on what went right and what went wrong without focusing on the obvious low hanging fruit that are all the Scandals the Liberals had like the WE Charity.
Thanks for spending the word
Andrew, I'm sure you and Pierre know that the BoC provided interest free loans to the federal government for major infrastructure projects like the St. Lawrence Seaway and the Trans Canada Hiighway system. It's funny how this public banking tradition 1935-1974 ended because it was deemed inflationary. Maybe it's time for us to use this same argument against the current practices where money is loaned into existence. With our current 1.3 trillion federal debt, it doesn't look like the private bankers (BIS) post 1974 have done us any favours.
Monetization of debt. It's a shell game. Which shell are we hiding the printing of money under.
Well…technically the BoC didn’t physically print the money per se, that was the question they were asked. Anyone who’s ever responded to external customers on inquiries know the games that can be played with words