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CANADA CARNEY STRATEGY EMERGING Carney Offers A Plan ... Trump Offers Chaos - Canadians Optimistic ... Americans Scared PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=B8upt4Qeksc Peter Burgess COMMENTARY I am reminded of an ITMA line on the radio from the 1940s ... 'Ignorance is bliss ... 'tis folly to be wise'. Most Americans are living from day to day ... and very relaxed about it. They seem to be completely oblicious to the economic and social crisis that Trump is enabling and likely impossible to contain. Former supportes of the USA and formerly reliable allies are evaluating alternative ways forward ... many of which will inflict substantial damage on the US economy and society. Peter Burgess
Carney Offers A Plan Trump Offers Chaos - Canadians Optimistic Americans Scared Claus Kellerman POV 34.7K subscribers Jun 3, 2025 Mark Carney meets with Canadian Premiers to make a plan while Trump offers chaos by increasing tariffs on steel and aluminum to 50%. Data shows Canadians are much more optimistic about their future than Americans. I do a detailed analysis for you. Become a channel member; / @clauskellermanpov3004 Support this channel through Patreon; / clauskellerman Transcript 0:00 hello everyone welcome back i hope your day is starting off as fantastic as it possibly can wouldn't it be amazing if we could just all lead carefree lives and have fun without a worry in the world like Little Marty but unfortunately there's some news today that has brought some worry to Canada but rather than just spout the negativity and promote the doom and gloom let's actually look at some information and judge what's going on it seems that we Canadians are cautiously optimistic about the future and it seems that our government has a plan whereas Americans are feeling desperate and fearful of their future and their leader well he has and I'm searching for the word here what is the word that means opposite of a plan i'm not sure what that word is but that's what he has the latest news reported here on the Globe and Mail is that Trump uh his face being behind mine uh says he will double tariffs on steel and aluminum imports to 50% we are going to bring it up from 25% to 50% the tariffs on steel into the 1:01 United States of America in a later post on Truth Social Mr trump said the tariff hike would take effect on Wednesday and would apply to aluminum as well now Canada of course represents the US's biggest supplier of aluminum and steel and a tariff as high as 50% will no doubt have an effect on the demand for those products as US companies strive to make their own which is tariff-free now the article goes on to say that the higher tariffs could easily backfire on Mr trump by inflating prices that are ultimately passed on to American consumers there are significantly more US jobs in the industries that use steel and aluminum than there are in the steel and aluminum industries themselves the US imports most of its aluminum because there are only four primary smelters in the country the US this means that many American companies will have little choice but to continue importing the metal from Canada and paying the higher tariff and another key factor obviously that the economically illiterate leader 2:01 of the US doesn't really understand is that the reason that the economy and that trade exists as it does right now is because it's economical if the US could make their steel cheaper or if they could make aluminum cheaper they would but they can't and that's why they import steel and aluminum in fact it's not possible for them to make aluminum as efficiently as Canada does quebec being the major supplier of aluminum to the United States uh Quebec just has a natural advantage in that it has the cheapest most reliable supply of electricity uh in the world quebec has spent a lot of time and invested a lot of capital to build out their hydroelect electric capacity and they now have very inexpensive secure source of electricity and that's the major component that you need uh to make aluminum so it's very unlikely that the US will ever be able to make aluminum as cheap as Quebec can but if they want to apply tariffs to 3:01 Canadian aluminum and steel and pay those higher prices or if they want to try and manufacture it in their own country which will cost more then I guess that's what they're going to do and the data doesn't lie and according to the US government's own producer price index steel prices in the US have already climbed 16% since Mr trump took office in January now this is bad news obviously for uh steel and aluminum producers in Ontario and Quebec and there will be a decrease in demand for their exports as US producers try to build up their own uh supply within their own country but what will happen immediately in the United States is that prices will go up prices for everything anything that uses steel and aluminum will cost more and that's a long list of items cars planes most of US military equipment beer cans anything that's manufactured that you have around the house that has components that are aluminum or metal us consumers just buckle down and get ready to see higher 4:00 prices which brings me to this data that I'm going to share with you which illustrates the let's call it the optimism uh that Americans and Canadians have with respect to the direction that their economy is heading and I've got a graph here behind me that's supplied by the University of Michigan Survey of Consumers and this graph shows what they call the Consumer Sentiment Index the index is derived from a survey that asks Americans about their current financial situation and their expectations for the future a higher index value suggests that consumers are confident uh while a lower value indicates caution or pessimism and this is a survey of thousands and thousands of Americans it's not just a survey of the most vocal doom and gloomsayers or the most vocal government supporters or a survey of Fox News or CNN hosts this is a broad-based survey of the total American population and uh the graph starts in 2006 all the way to 2024 and they've tracked this index for all those years and you can 5:01 see on the line here on the graph that the index now it doesn't really matter what the number is to me but more the trend of the graph you can see that it dropped down here and hit a a fairly low value uh in 2008 to 2009 uh the period that's known as the great recession brought on by that subprime loan financial crisis in 2008 consumers were very uh worried and they were very pessimistic about the future and the index was at a low value here but from about 2009 all the way to 2020 it's been gradually increasing with a few ups and downs but generally speaking a trending upward trend all the way to 2020 as US consumers were very confident about the economy and the future and in 2020 the pandemic hit and there was a severe drop with a little bit of a rebound and then a very large drop as we went into the inflationary period that followed the pandemic and that's when this index hit its all-time low june of 2022 the index 6:02 started recovering again and has been on an upward trend right until Donald Trump was elected and now it's cratered again and headed straight down to its second lowest value in history americans are very pessimistic about the future and Americans are very worried about the direction of the economy and the effect of Trump's tariff policies and it should be noted that both of the large drops uh in 2008 and in 2022 were associated with recessions and this consumer sentiment although it's uh usually triggered by the onset of a recession when a recession starts people have lower confidence and worse expectations for the economy which affects their spending habits and affects their habits they have of how they interact with the economy and things become sort of a self-fulfilling prophecy that poor consumer sentiment actually exacerbates or accelerates the recession and we know that for the first quarter this year the 7:02 US economy actually contracted one more quarter of contraction and there will be another recession showing up on this graph so the Americans are sitting on a low on this graph fearful and pessimistic of the future let me show you the same data here for the United States on this trading economics website because they also compiled this data for Canada and we're going to compare the US graph to the Canadian graph so this is the same graph we uh just looked at but now I'm displaying from 2016 to 2025 and as we discussed just a second ago uh the US consumer sentiment is at another low here just about at the same level as the all-time low in 2022 the graph for Canada looks different our consumer confidence index is what we call it and this is measured by Ipsos tracks similar to the United States on an upward trend here right till 2020 when the pandemic hit and like was the case in the US our consumer confidence dropped dramatically uh hitting an all-time low at 2020 recovered much more quickly than the US 8:01 uh after the pandemic started heading down again but since 2023 has been fairly flat it's been fairly flat from 20 23 to 2025 and now is just starting to tick down our index has not dropped anywhere near to the levels that it had in 2020 canadians are viewing things much more pragmatically and we're nowhere near as fearful and pessimistic about our economic future as Americans are and that might surprise some of you because we're constantly bombarded in the media with doom and gloom and negative stories especially in the months leading up and during the election campaign which that's all we heard from the Conservative Party but remember those are just the voices of politicians and the people spoke and rejected them the majority of people didn't buy it and Canadians overall are much more optimistic about our future than certain politicians would want you to believe i'm cautiously optimistic and the reason is this we actually have a plan as reported here on CTV News on June 1st 9:00 ports mines and pipelines are top of premier's wish lists ahead of meeting with Carney our prime minister held a meeting with the premers this Monday to discuss nation building projects and it's significant that he's choosing to do this directly with the premers right away rather than discussing a plan and trying to negotiate a plan in parliament with the opposition he knows that if he even tries to attempt to work with pure poly or the conservatives to work on a plan for Canada that the Conservatives will just use that as another thing to complain about probably invent a new slogan and then just spout the rhetoric uh the Liberals have no plan they don't know what we're doing we're trying to help but they won't listen to us canada's a disaster we got to get these guys out of here they they have no idea what they're doing so leave Mr palv who's not even elected now uh leave them like the Chihuahua outside lock the door and leave him outside so that he can keep barking at the neighbors and actually get to work with people who want to get the job done so in this summary that CTV News has in their article here Canada's premers are 10:01 heading into a meeting with Prime Minister Mark Carney in Saskatoon on Monday armed with their wish lists for major nation building projects that could buttress the economy in the face of the US trade war our federal trade minister Minister Dominic Leblanc posted on social media 'This Monday the prime minister will meet with the premers in Saskatoon with one goal build one Canadian economy out of 13.' He's referring to 10 provinces and three territories and get big nation building projects built faster the federal government is developing what it calls a national interest bill to fasttrack a small number of nation building projects with a streamlined regulatory approval process as a substitute for reviews under the impact assessment act they're talking about fasttracking some nation building projects quickly and they're asking the premers to put forth their ideas this is great ontario Premier Doug 11:01 Ford said on Friday that his priority is the Ring of Fire a region about 500 kilometers north of Thunder Bay Ontario that contains massive deposits of critical mineral the development of the Ring of Fire is a top priority for Doug Ford premier Susan Holt from New Brunswick she said New Brunswick ports are ready to increase national and international trade with additional investment and that the province is a leader in modular home building ready to tap into investments to tackle the national housing crisis british Columbia will be represented at the meeting by Deputy Premier Nikki Chararma as the premier David Eie left on Saturday for a 10-day trip to Asia but he said he booked that trip before this meeting so he's just so busy he's sending someone else to the meeting and Alberta's Premier Daniel Smith's office declined to provide a statement ahead of the meeting hopefully she shows up and she advocates for a pipeline project or some sort of an infrastructure project to 12:01 give Alberta additional access for the export of their oil and gas uh other than the United States and that may be a project like this i know we always talk about Alberta and oil pipelines but there's natural gas infrastructure that needs to be built as well like the coastal gas link pipeline that's shown below me here that connects northeast BC which is connected to Alberta infrastructure and sends that gas to KDMAT we will for the first time be exporting liqufied natural gas mainly to Japan and Asia and we will be able to do that instead of selling the gas to the United States and letting them export liqufied natural gas because I believe the United States has something like eight LG export terminals and this will be Canada's first perhaps adding additional terminals maybe in Prince Roupert or an additional capacity at KDMAT and twinning this pipeline or increasing capacity in this pipeline would be a a really good project the 13:00 reason I really like this process that Mark Carney is using to get the premers involved right away uh is uh that it gets them skin in the game they have to come to the meeting and present their ideas and they have to back them up with economic viability they can't just stand there and be negative but have no project ready that the industry is ready to invest in that they can put on the table and say this is ready we need to build this we need your help building this the premers will actually have to show up with a plan with some economic backing some data they won't just be able to shout at the clouds oh you won't build any pipelines you won't build any pipelines danielle Smith is going to have to show up and make an economic case which company is going to be ready to build the pipeline what production is going to be ready to come online to fill that pipeline are the oil and gas producers ready to spend that capital to increase production are the utility companies ready to commit billions of dollars to building a pipeline where is it going to go is it going to go 5,000 miles to the east is it going to go west it's a lot harder to come up with a plan 14:00 and lay a proposal on the table than to just shout and complain about it from the safety of your province so let's see if she can deliver and if she can I think it would be fantastic for Canada to work together uh to building something so the premers are going to have to put their money where their mouths are and actually advocate for the projects that their provinces want and if it is a pipeline or if it is a port or or if it is a major infrastructure corridor in the country then of course projects like that will demand steel and aluminum and the very exports that uh the United States is tariffing from Canada let's get busy building our own country and uh creating demand for our own products so we don't have to export as much to the United States and at the same time try and diversify and make deals with other countries around the world but starting at home with fasttracking major infrastructure programs and get the input from the premers early and get them going fast i think it's a great plan and it shows 15:01 fantastic vision so I'm cautiously optimistic our leader has a plan uh the Canadian people aren't so pessimistic of the future like Americans are and as far as the American leader his plan is summarized by his statements at a US steel plant near Pittsburgh on Friday Mr trump accused other countries of trying to steal our industry and steal our jobs i won't show his picture in the backdrop because quite frankly all of us Canadians are just sick of seeing his face and Marty's a lot cuter so the president of the United States's plan is to tariff the imports of steel and aluminum from all other countries to make those products much more expensive within the United States so they can increase their local supply of it at a much higher cost so Americans can enjoy higher and higher prices now will it be a taco plan one of those plans where Trump always chickens out i don't get the feeling that this is going to be a taco plan i think he was so upset by this newly coined acronym that 16:00 investment stock traders are using because it's so easily predictable that Trump always chickens out he introduces these sweeping tariffs and the market falls and then a few days later he chickens out and the market goes back up so there were traders timing their buy and sell orders uh based on the taco plan i think that kind of pissed him off and so now he's lashing out with this 50% tariff on aluminum and steel i think that's about as detailed an assessment of his plan uh that I could come up with but American consumers are not buying it their consumer sentiment is down as low as it was in the pandemic but for Canadians we're feeling cautiously optimistic there's going to be some tough times and and there could be some tough numbers that we're going to have to deal with we could go into a recession as well if the United States does there will be job losses in Ontario and Quebec in these industries unless we can get these nation building projects going quickly time is of the essence but uh Mark Carney has said that the uh 17:01 amount of revenue that the Canadian government is receiving from our uh retaliatory tariffs is going to be used to support uh workers that are adversely uh impacted by Donald Trump's tariffs on aluminum and steel mainly so we have to take care of our own while we go through hard times but we have to plan for the future and we do have a plan and so as we always do as Canadians let's roll up our sleeves and let's get to work leave some comments in the comments section guys let me know what you think i think we're building a good community on this channel uh I read the comments and they're very positive some very interesting ideas that are shared by rationally minded thinking people rather than just those doom and gloom spewers of negativity that will just be negative about everything i do read your comments and I encourage you guys to subscribe and keep the channel growing uh so that it gets more relative on YouTube and maybe share the videos if you're enjoying them or you you find them a 18:00 good source of information share them to other people so that uh more eyeballs get on the videos and that also helps increase uh the scope on YouTube so I appreciate it everyone and I'll catch you all on the next one and before I fade out here Isn't he cute isn't that the cutest little dog you've ever seen got to go take him for his walk now Claus Kellerman POV 34.7K subscribers Videos About Become a Supporter 10:25 Who Is This American & Why Is He Lecturing Canadians? by Claus Kellerman POV

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