Loading video...

Video Failed to Load

There was a problem loading this video. This could be due to a temporary network issue or the video might be unavailable.

Once again, Mark Carney is taking credit for something he hasn't done. "This government has reduced the deficit by $11B, this government has reduced the level of debt across the entire forecast horizon." It was mostly all thanks to higher revenues from oil prices and resources, which he is... show more

Kirk Lubimov

64,598 subscribers

17,250 views • 3 months ago •via X (Twitter)

News & Politics Science & Technology Finance

Anya Rossi• Live Now

Private livecam show

0 Comments

No comments available

Comments from the original post will appear here

Related Videos

“A Mark Carney-led government will balance the OPERATING budget in three years. at the same time, we will run a small deficit on CAPITAL spending.” -Mark Carney I want you to listen very carefully to what Finance Minister Champagne is saying in this video. He is talking about a balanced OPERATIONAL budget. An operational budget refers only to the expenses of running the country. It does not include incredibly expensive CAPITAL expenses. Instead, Minister Champagne refers to capital expenses as investments. THAT IS COMPLETE DISHONESTY. There is no G20 country that has this type of accounting practice. This is important to understand because Canada must go to the bond market to raise money. The bond market does not give a damn how you categorize your debt. Whether it's operational or capital spending, the deeper you get into debt the higher the rate of interest you will have to pay on that debt. In essence, both Carney and Champagne are grossly misleading the Canadian public by telling them that they will balance the operational budget. They're hoping that you don't understand how budgets work, and the truth is they will likely get away with it. Expect a massive increase in our national debt under a Carney government. Mark Carney François-Philippe Champagne (FPC) 🇨🇦

“A Mark Carney-led government will balance the OPERATING budget in three years. at the same time, we will run a small deficit on CAPITAL spending.” -Mark Carney I want you to listen very carefully to what Finance Minister Champagne is saying in this video. He is talking about a balanced OPERATIONAL budget. An operational budget refers only to the expenses of running the country. It does not include incredibly expensive CAPITAL expenses. Instead, Minister Champagne refers to capital expenses as investments. THAT IS COMPLETE DISHONESTY. There is no G20 country that has this type of accounting practice. This is important to understand because Canada must go to the bond market to raise money. The bond market does not give a damn how you categorize your debt. Whether it's operational or capital spending, the deeper you get into debt the higher the rate of interest you will have to pay on that debt. In essence, both Carney and Champagne are grossly misleading the Canadian public by telling them that they will balance the operational budget. They're hoping that you don't understand how budgets work, and the truth is they will likely get away with it. Expect a massive increase in our national debt under a Carney government. Mark Carney François-Philippe Champagne (FPC) 🇨🇦

David Jacobs

106,247 views • 1 year ago

Oh government is driving Doug Ford crazy? "We are in an economic war with the guy south of the border...we got to move (aka build fast)! We got to get government moving." So he is admitting Mark Carney's building at a speed not seen in a generation is a flop. We need to get government moving out of the way. We can't compete economically with deficit spending while losing entrepreneurs.

Oh government is driving Doug Ford crazy? "We are in an economic war with the guy south of the border...we got to move (aka build fast)! We got to get government moving." So he is admitting Mark Carney's building at a speed not seen in a generation is a flop. We need to get government moving out of the way. We can't compete economically with deficit spending while losing entrepreneurs.

Kirk Lubimov

25,250 views • 19 days ago

This is the type of play I worry about with the Hawks picking up Ben King. At this stage of his career, he should kill a young defender in this position. This should be a simple case of holding position and taking the mark. But where is the body use? Where is the physicality? He has Harry Dean (and credit to Harry for making the spoil) in all sorts of trouble here, but allows him to get to the fall of the ball in a spot King should have owned. He has to be better than this.

This is the type of play I worry about with the Hawks picking up Ben King. At this stage of his career, he should kill a young defender in this position. This should be a simple case of holding position and taking the mark. But where is the body use? Where is the physicality? He has Harry Dean (and credit to Harry for making the spoil) in all sorts of trouble here, but allows him to get to the fall of the ball in a spot King should have owned. He has to be better than this.

The Mongrel Punt

24,098 views • 12 days ago

Trump is once again suggesting that he wants to get rid of the CUSMA trade deal between Canada, the USA, and Mexico. This would be a DISASTER for Canada's economy. Remember when Mark Carney said he was an expert negotiator?

Trump is once again suggesting that he wants to get rid of the CUSMA trade deal between Canada, the USA, and Mexico. This would be a DISASTER for Canada's economy. Remember when Mark Carney said he was an expert negotiator?

Canada Proud

11,193 views • 1 month ago

This is what Daniel Ricciardo has been reduced to. He’s too talented to be doing this shit! Far more talented than Perez. At least when Dan was at Red Bull he could give max a run for his money. Oracle Red Bull Racing do the right thing & put him in the car

This is what Daniel Ricciardo has been reduced to. He’s too talented to be doing this shit! Far more talented than Perez. At least when Dan was at Red Bull he could give max a run for his money. Oracle Red Bull Racing do the right thing & put him in the car

Alex Vangeen 🏁

1,487,120 views • 3 years ago

ELON: YOU COULD ZERO OUT ALL THE COUNTRY'S BILLIONAIRES, IT STILL WOULDN'T SOLVE THE DEFICIT "If we don't cut government spending, something really bad is going to happen. Our spending is so far in excess of revenue; it's insane. You could zero out all the billionaires in the country, and this still wouldn't solve the deficit." Source: WSJ, December 2021

ELON: YOU COULD ZERO OUT ALL THE COUNTRY'S BILLIONAIRES, IT STILL WOULDN'T SOLVE THE DEFICIT "If we don't cut government spending, something really bad is going to happen. Our spending is so far in excess of revenue; it's insane. You could zero out all the billionaires in the country, and this still wouldn't solve the deficit." Source: WSJ, December 2021

Mario Nawfal

2,415,070 views • 1 year ago

The government is going to shut down and your health insurance is going to go up–why don't we have a deal? Take it from Trump: The President of the United States has to get this done.

The government is going to shut down and your health insurance is going to go up–why don't we have a deal? Take it from Trump: The President of the United States has to get this done.

Sen. Cory Booker

34,094 views • 10 months ago

Mark Carney blames Conservatives on the weakening Canadian dollar and inflation of food 🤦🏼 "One of the impacts on food prices is the fall of the Canadian dollar caused by the obstructionism of the members opposite before this government came in place." What?! An absolute insane thing to say by someone cosplaying as a genius economist. The Liberals don't have a single policy to reduce costs or remove red tape from out food production and supply chain, nevermind that they been in power for 10 years plus 10 months under his government.

Mark Carney blames Conservatives on the weakening Canadian dollar and inflation of food 🤦🏼 "One of the impacts on food prices is the fall of the Canadian dollar caused by the obstructionism of the members opposite before this government came in place." What?! An absolute insane thing to say by someone cosplaying as a genius economist. The Liberals don't have a single policy to reduce costs or remove red tape from out food production and supply chain, nevermind that they been in power for 10 years plus 10 months under his government.

Kirk Lubimov

69,205 views • 5 months ago

Inflation has jumped again, blowing past the RBA’s target and killing off any real hope of rate relief. Families are already stretched, and Labor’s choices are making everything harder. The government is spending far faster than the economy is growing, and it is keeping prices high. That means higher grocery bills. Higher insurance. Higher power bills. Higher housing costs. All while mortgage holders are paying around $1,800 more every month compared with when Labor came in.

Inflation has jumped again, blowing past the RBA’s target and killing off any real hope of rate relief. Families are already stretched, and Labor’s choices are making everything harder. The government is spending far faster than the economy is growing, and it is keeping prices high. That means higher grocery bills. Higher insurance. Higher power bills. Higher housing costs. All while mortgage holders are paying around $1,800 more every month compared with when Labor came in.

Sussan Ley

16,819 views • 8 months ago

The economic crisis in Zimbabwe is self-evident and well explained at ZANUPF election rallies where citizens are reduced to scavenging for bread, which is used as bait for people to attend these election rallies. The fact that the ruling party would do this to citizens and sees nothing wrong with it defines the type of leadership that has ruined this once prosperous country beyond recognition of what it used to be for its people! Corrupt rule has dehumanised Zimbabweans beyond description. They fell from Mugabe’s political gutter to Mnangagwa’s corrupt rule that has sunk them into the sewer!

The economic crisis in Zimbabwe is self-evident and well explained at ZANUPF election rallies where citizens are reduced to scavenging for bread, which is used as bait for people to attend these election rallies. The fact that the ruling party would do this to citizens and sees nothing wrong with it defines the type of leadership that has ruined this once prosperous country beyond recognition of what it used to be for its people! Corrupt rule has dehumanised Zimbabweans beyond description. They fell from Mugabe’s political gutter to Mnangagwa’s corrupt rule that has sunk them into the sewer!

Hopewell Chin’ono

265,301 views • 3 years ago

The ever changing messaging of Mark Carney. From "At speeds not seen in generations" to "it will take time" in 7 months. The economy's failing. 🇺🇸 trade rupture. Rampant debt spending. Scandal after scandal. Inept cabinet. He has no plan. He's making it up as he goes along. 🇨🇦 is in for a scary ride.

The ever changing messaging of Mark Carney. From "At speeds not seen in generations" to "it will take time" in 7 months. The economy's failing. 🇺🇸 trade rupture. Rampant debt spending. Scandal after scandal. Inept cabinet. He has no plan. He's making it up as he goes along. 🇨🇦 is in for a scary ride.

RMC86

22,576 views • 2 months ago

🚨 BREAKING: GLOBAL ENERGY SHOCK: IRAN STRIKES SAUDI OIL HEARTLAND One of the most important oil facilities on the planet — Saudi Arabia’s Ras Tanura refinery — has reportedly been hit. Fires. Shutdowns. Export disruption. This isn’t just another strike. This is an attack on the world’s energy lifeline. Ras Tanura is the artery through which vast amounts of global oil flows to Europe and Asia. If that artery is threatened, the economic consequences ripple across the entire planet — fuel prices, markets, supply chains, everything. The conflict has now crossed a dangerous threshold. This is no longer regional escalation. This is global economic warfare. Stand by.

🚨 BREAKING: GLOBAL ENERGY SHOCK: IRAN STRIKES SAUDI OIL HEARTLAND One of the most important oil facilities on the planet — Saudi Arabia’s Ras Tanura refinery — has reportedly been hit. Fires. Shutdowns. Export disruption. This isn’t just another strike. This is an attack on the world’s energy lifeline. Ras Tanura is the artery through which vast amounts of global oil flows to Europe and Asia. If that artery is threatened, the economic consequences ripple across the entire planet — fuel prices, markets, supply chains, everything. The conflict has now crossed a dangerous threshold. This is no longer regional escalation. This is global economic warfare. Stand by.

Jim Ferguson

67,359 views • 5 months ago

⚡️⚡️⚡️BREAKING: Ukraine struck Russian oil infrastructure on both sides of the Crimean Bridge — sea logistics terminals in the Krasnodar region (hitting export capacity) and the oil depot in occupied Kerch. This is Kyiv’s clear strategy to isolate Crimea and choke Russian military logistics. The strikes on Krasnodar sea export terminals primarily erode Russia’s hard-currency export earnings and raise the cost of doing business in energy logistics. The Kerch depot strike specifically raises the sustainment cost of the Crimea occupation. Together they form a coherent economic pressure campaign aimed at degrading Russia’s ability to fund and supply the war effort in the south — measurable in reduced throughput, repair bills, insurance spikes, and diverted resources, rather than total collapse. This is a targeted, attritional economic effect rather than a knockout blow. Russia has rerouting options and benefits from high global prices at times, but the cumulative friction is real and growing with each successful strike.

⚡️⚡️⚡️BREAKING: Ukraine struck Russian oil infrastructure on both sides of the Crimean Bridge — sea logistics terminals in the Krasnodar region (hitting export capacity) and the oil depot in occupied Kerch. This is Kyiv’s clear strategy to isolate Crimea and choke Russian military logistics. The strikes on Krasnodar sea export terminals primarily erode Russia’s hard-currency export earnings and raise the cost of doing business in energy logistics. The Kerch depot strike specifically raises the sustainment cost of the Crimea occupation. Together they form a coherent economic pressure campaign aimed at degrading Russia’s ability to fund and supply the war effort in the south — measurable in reduced throughput, repair bills, insurance spikes, and diverted resources, rather than total collapse. This is a targeted, attritional economic effect rather than a knockout blow. Russia has rerouting options and benefits from high global prices at times, but the cumulative friction is real and growing with each successful strike.

Kyrylo Shevchenko

23,011 views • 1 month ago

I'm not sure if Canada's Finance Minister François-Philippe Champagne is beyond delusional or just lies: "The first thing I think about when I wake up in the morning is affordability... We have demonstrated we are good fiscal managers, we lowered the deficit. Housing is the first pillar." Let's fact-check that: > deficits are lower because of revenues from oil and resource prices. > they added $37B+ in new spending. > interest cost on debt will grow by 50% in the next 5 years. > housing unaffordability was caused by their mass immigration policy.

I'm not sure if Canada's Finance Minister François-Philippe Champagne is beyond delusional or just lies: "The first thing I think about when I wake up in the morning is affordability... We have demonstrated we are good fiscal managers, we lowered the deficit. Housing is the first pillar." Let's fact-check that: > deficits are lower because of revenues from oil and resource prices. > they added $37B+ in new spending. > interest cost on debt will grow by 50% in the next 5 years. > housing unaffordability was caused by their mass immigration policy.

Kirk Lubimov

20,707 views • 3 months ago

The way I see it personally, is that I'm not ok giving up on a guy with this level of care for the program, this level of care for winning, that has won here. I'm not ok giving up on the potential he has to win even more. I believe he can. I believe he will. #mubb

The way I see it personally, is that I'm not ok giving up on a guy with this level of care for the program, this level of care for winning, that has won here. I'm not ok giving up on the potential he has to win even more. I believe he can. I believe he will. #mubb

Big East Golden Eagle

21,379 views • 6 months ago

This is the STUPIDEST Economic Theory EVER. Stop saying Trump is crashing the economy to lower rates, and refinance our debt. It's simply economically ignorant. Here's why: - Tanking the economy also tanks Tax revenue, meaning it INCREASES OUR DEBT. - Tanking the dollar and economy tanks trust in the US dollar and thus actually raises interest rates as the government has to raise them to sell bonds. - A bad economy typically leads to more government spending on: Unemployment benefits, Food assistance, Stimulus programs. These people who Fox Business bring on are economically illiterate when it comes to this stuff.

This is the STUPIDEST Economic Theory EVER. Stop saying Trump is crashing the economy to lower rates, and refinance our debt. It's simply economically ignorant. Here's why: - Tanking the economy also tanks Tax revenue, meaning it INCREASES OUR DEBT. - Tanking the dollar and economy tanks trust in the US dollar and thus actually raises interest rates as the government has to raise them to sell bonds. - A bad economy typically leads to more government spending on: Unemployment benefits, Food assistance, Stimulus programs. These people who Fox Business bring on are economically illiterate when it comes to this stuff.

Brian Krassenstein

526,035 views • 1 year ago

What a bunch of horse💩 Mark Carney: "We are not spending that amount of money, we are investing that amount of money." No Mark, you are borrowing money, that will cost Canadian taxpayers interest and will need to be paid back, on programs that you hope will generate ROI. In finance, it's called a leverage. He is trying to call this a leverage except that the government won't own any assets with this but hopes to generate additional economic spending that will cover the cost of this spending and the borrowing that will need to be paid back.

What a bunch of horse💩 Mark Carney: "We are not spending that amount of money, we are investing that amount of money." No Mark, you are borrowing money, that will cost Canadian taxpayers interest and will need to be paid back, on programs that you hope will generate ROI. In finance, it's called a leverage. He is trying to call this a leverage except that the government won't own any assets with this but hopes to generate additional economic spending that will cover the cost of this spending and the borrowing that will need to be paid back.

Kirk Lubimov

49,538 views • 1 year ago

SECRETARY RUBIO: In the first two months of this year, Venezuela generated more revenue from oil sales than most of last year. The money is not being stolen anymore. It is flowing to the Venezuelan government to help people fund hospitals and pay teachers.

SECRETARY RUBIO: In the first two months of this year, Venezuela generated more revenue from oil sales than most of last year. The money is not being stolen anymore. It is flowing to the Venezuelan government to help people fund hospitals and pay teachers.

Department of State

458,040 views • 4 months ago

This sounds promising. Mark Carney: "Our government is in the process of unleashing half a trillion of investment in energy infrastructure..." How do you unleash investment capital that isn't in Canada and without removing red tape? I'm all for it but does that mean massive subsidies and guarantees? 🤔

This sounds promising. Mark Carney: "Our government is in the process of unleashing half a trillion of investment in energy infrastructure..." How do you unleash investment capital that isn't in Canada and without removing red tape? I'm all for it but does that mean massive subsidies and guarantees? 🤔

Kirk Lubimov

26,880 views • 11 months ago

This attorney knew exactly what he was doing… and put the truth in the comments so he wouldn’t get sued. This is the kind of garbage the left has resorted to. They have nothing against Trump… again. And they hate it. What a Loser

This attorney knew exactly what he was doing… and put the truth in the comments so he wouldn’t get sued. This is the kind of garbage the left has resorted to. They have nothing against Trump… again. And they hate it. What a Loser

MJTruthUltra

130,564 views • 6 months ago