Howard Lutnick (4:59)

He's going to come out today angry that Americans are still being killed. Now, both the Mexicans and the Canadians were on the phone with me all day today trying to show that they'll do better. And the President's listening because, you know, he's very, very fair and very reasonable. So I think he's going to work something out with them. It's not going to be a pause, none of that pause stuff. But I think he's going to figure out, you do more and I'll meet you in the middle some way. And we're going to probably be announcing that tomorrow. So somewhere in the middle will likely be the outcome. The President moving with the Canadians and Mexicans but not all the way.

Justin Trudeau (5:33)

Just to clarify.

Host 1 (5:35)

Yeah. You see when Canada smacked these losers down, you see how weak and pathetic this regime is, this wannabe authoritarian regime of freaking losers who are in charge in the United States right now, These snake oil salesmen, con men who are just trying to screw up the international order to benefit Putin. Yeah. When you screw over Canada, Canada goes over the boards. When you screw with Canada, Canada goes elbows up. Canada is a peaceful nation, as many of our allies are, unlike Russia. But you screw with them, you poke them, they stand up. Here is the Ontario Premier, Doug Ford, in the speech that he gave yesterday that really scared the crap out of the American regime. Here, watch this.

Doug Ford (6:26)

Going one step further. We're ripping up Ontario's contract with Starlink. It's done. It's gone. We won't award contracts to people who enable and encourage economic attacks on our province and our country alongside federal tariffs and the measures my fellow premiers are bringing forward. This team Canada's opening response.

Host 1 (6:52)

And here he is again from the day before that. Even Doug Ford saying, we're going to cut off your electricity next, too. We're going after you. You come after us, we're coming after you. Watch this.

Doug Ford (7:02)

If they want to try to annihilate Ontario, I will do everything, including cut off their energy with a smile on my face. So. And I'm encouraging every other province to do the same. Quebec, Manitoba, bc. We all have to act in unison. Out east. They rely on our energy. They need to feel the pain. They want to come at us hard. We're going to come back twice as hard.

Host 1 (7:26)

And here he was on CNN saying how livid Canadians are. Play it.

Host 2 (7:32)

How upset, how mad are Canadians? Canadians aren't usually the types to get angry, but how mad are Canadians?

Doug Ford (7:39)

This morning, they're absolutely livid. They're furious because we look at the United States as our family. We're one big family. We've stood shoulder to shoulder in wars and every other crisis there is. We love the American people, but unfortunately, the President has gone sideways on ourselves.

Host 1 (8:01)

Here he is saying that Canada will not hesitate to use every tool in its toolbox. Play this.

Doug Ford (8:06)

I want to send more critical mineral, but I will not hesitate to use every tool in our toolbox to protect Ontarians and Canadians across the board. I've never seen patriotism run so wild across our country. Right down to the grocery aisles. People refuse to buy American products. This. This is not right. We love America. We love the people. And the President needs to be stopped. Simple as that.

Host 2 (8:33)

Doug Ford, the Premier of Ontario and Canada.

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Host 1 (10:32)

Episode and Prime Minister Trudeau's speech yesterday. Pitch Perfect. You know he's acting like a wartime President because it is a declaration of war essentially against Canada by the United States. Here's what he said.

Justin Trudeau (10:46)

I want to speak first directly to the American people. We don't want this. We want to work with you as a friend and ally and we don't want to see you hurt either. But your government has chosen to do this to you. As of this morning, markets are down and inflation is set to rise Dramatically all across your country. Your government has chosen to put American jobs at risk at the thousands of workplaces that succeed because of materials from Canada or because of consumers in Canada, or both. They've chosen to raise costs for American consumers on everyday, essential items like groceries and gas, on major purchases like cars and homes and everything in between. They've chosen to harm American national security, impeding access to the abundant, critical minerals, energy, building materials and fertilizers that we have and that the United States needs to grow and prosper. They've chosen to launch a trade war that will first and foremost harm American families. They've chosen to sabotage their own agenda that was supposed to usher in a new golden age for the United States. And they've chosen to undermine the incredible work we've done together to tackle the scourge that is Fentanyl, a drug that must be wiped from the face of the earth. So on that point, let me be crystal clear. There is absolutely, no, no justification or need whatsoever for these tariffs today.

Host 1 (12:52)

Here he is again. Let's play it.

Justin Trudeau (12:56)

I think, in terms of what he wants. I heard he talked about banking again this morning in a tweet, which doesn't make any sense because American banks, there's about 16American banks currently active in Canada holding about $113 billion worth of assets in this country. So the American banks are alive and well and prospering in Canada. It's an example of not really being able to see what it is that he wants, because even the excuse that he's giving for these Paris tariffs today of fentanyl is completely bogus, completely unjustified, completely false. So we actually have to fall back on the one thing he has said repeatedly, that what he wants is to see a total collapse of the Canadian economy because that'll make it easier to annex us, is the second half of his thought. Now, first of all, that's never going to happen. We will never be the 51st state. But, yeah, he can do damage to the Canadian economy, and he started this morning. But he is rapidly going to find out, as American families are going to find out, that that's going to hurt people on both sides of the border. Americans will lose jobs. Americans will be paying more for groceries, for gas, for cars, for homes, because we have always done best when we work together.

Host 1 (14:29)

Here he is again. Let's play it.

Justin Trudeau (14:31)

And I can tell you that every country is very, very aware that if the American government is willing to do this to their own closest ally, neighbor and friend, everyone is vulnerable to a Trade, war and our ability to work together thoughtfully and strategically to make sure we're supporting our citizens who are doing things together in a more diversified way is something that is on the mind of all of our allies.

Host 1 (15:06)

Now, all of the MAGA Republicans had to go on state regime media in the U.S. fox and had to be like, well, look, look, short term pains, okay, right. Short term pains, okay, right.

Host 2 (15:17)

Worried about all of these spending cuts potentially leading to a recession. Now there's new growth worries. As you know, markets were down sharply yesterday on the tariffs and on this idea that all this cuts happening could in fact induce a recession. Now we're expecting a contraction in the first quarter.

Congressman (15:36)

We, I mean, your last segment, you, you hit on the tariffs and I think that was a large reason why the market reacted to that. But we have to cut spending. We are $36 trillion in debt. I've only been in Congress for six years. When I first got elected, we were 20 trillion in debt. We put 16 trillion on the debt. We were running just in the last six years. We're running a 2.5 to $3.5 trillion deficit every year. Our country and our economy can't handle that. The treasury can't handle that. The American people can't handle that. We have got to get our fiscal house in order in Washington. And if that means a short term pain for the country, then we're going to have to walk through that together to ensure that we put on a fiscal prudent path going into the next 10 years.

Host 1 (16:17)

And then Donald Trump at the State of the Union, you may have seen, or the joint address, whatever the hell they're calling it, was like, we're good with pain, right? We'll suffer a little bit. Everyone's okay with some short term suffering here. Watch this. They're about protecting the soul of our country.

Host 2 (16:36)

Tariffs are about making America rich again.

Justin Trudeau (16:39)

And making America great again.

Host 2 (16:41)

And it's happening and it will happen rather quickly.

Howard Lutnick (16:43)

There'll be a little disturbance, but we're okay with that. It won't be much. No, you're not. Oh.

Host 1 (16:54)

Well, if you take a look at the Dow Jones yesterday, it crashed yesterday. Over the past month, it's down over 2,000 points. Over 65% of Americans believe the economy is doing very bad right now. That's what they're saying, very bad. But folks, the big MAGA influencer cat turd wants you to know that these tariffs are going to hurt Canada a hundred times more than us. And the Canadian leaders know it. They can't hide their panic really? Because now doesn't seem like they're panicked, it seems like they're prepared. It seems like this Trump regime is in panic mode as stagflation fears bubble up as the Trump tariffs take effect. Now economists believe that there will be stagflation meaning rising inflation and a recession when it comes to GDP growth. Remember, the Atlanta Fed is now predicting basically a 3% plus contraction in the economy where it was supposed to be a 4% growth if Donald Trump didn't do a thing and just let former President Biden's economy roll on. There you have it folks. Canada standing up powerfully to the United States. And we're not even talking about the boycotts, the boycott of U.S. tourism, the boycott of all U.S. goods. Think about the tourism hit when that shows up in our economic data. That's in the Atlanta Fed model in addition to other things. That's why they're predicting like a 3 1/2 to 4% contraction of our GDP recession territory in the first quarter. Trump took a perfectly stable good economy and crashed it into the ground. And you see how weak and pathetic he is, like a quartered rat that he is. No offense to quartered rats were frankly more likable hit. Subscribe let's get to 5 million subscribers. Can't get enough Midas? Check out the Midas plus substack for ad Free articles, reports, podcasts, daily recaps from Ron Filipkowski and more. Sign up for free now@midasplus.com.

Host 2 (19:08)

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