What happens if you photocopy a $100 bill? | A.S.

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this is a hundred dollar bill

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now what makes it worth

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a hundred dollars it's not even made out

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of paper anymore it's some kind of

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plastic polymer it doesn't have any real

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intrinsic value but if the simpsons has

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taught us anything it's that money can

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be exchanged for goods and services

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twenty dollars can buy many peanuts

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explain how money can be exchanged for

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goods and services

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so what would happen if i tried to make

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a copy of this

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[Music]

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so there you have it

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you can't make a photocopy of a modern

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banknote with a modern photocopier why

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is that why do modern photocopiers not

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even let you try well it's because that

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would be counterfeiting you're supposed

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to be able to count on this being worth

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a hundred dollars and if somebody was

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running off

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thousands and thousands of copies of

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hundred dollar bills

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it would take away the value of the

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hundred dollars that you earned

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legitimately and over time prices would

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go up and the money you worked so hard

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for would be worth less so what would

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happen if someone did print off billions

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of dollars worth of new

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you'll forgive me if i don't think about

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monetary policy unfortunately that's

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exactly what's been going on for the

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past two years prices are rising today

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because the bank of canada was running

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the printing presses buying up that

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government debt so that trudeau could

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continue his spending and in the

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meantime flooding our economy with

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massive amounts of new money

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not backed up by

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new economic activity or growth or

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anything like that simply just creating

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money right out of thin air and we are

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seeing the dramatic consequences of all

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that new money being created out of thin

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air things that were costing 10 or 15

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just a couple years ago are going for 20

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and 25 groceries fuel lumber all going

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up through the roof in other words the

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money that you accepted as payment for

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your labor is worth less than what you

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were promised and all of this is because

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the bank of canada bankrolled justin

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trudeau's deficits

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so all that new money washed through our

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economy there can be big winners and big

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losers when the bank of canada pours a

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whole bunch of new money into the

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economy who are the big winners the

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people that get the money first the

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large financial institutions that get to

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buy things before prices go up they get

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to buy assets they buy commodities they

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buy shares all kinds of things real

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estate and they get in on that before

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the prices start to tick up by the time

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you get the new money through wage

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increases the prices have already gone

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up and they get to sell and make those

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big big margins that's the effect of the

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money printing the money creation that

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trudeau has forced the bank of canada to

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engage in

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so the effects of inflation are very

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real i don't need to tell you how hard

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it is to make decisions based on higher

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prices i've heard heart-wrenching

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stories of people in my own riding and

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across canada being forced to make tough

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choices about whether or not to put

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their kids in activities or fuel up the

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car i've met with people who said that

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they didn't put their children in sports

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this year because the fuel cost of

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driving around their community was

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getting out of hand so canadians are

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having to make really tough choices

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because of the decisions that justin

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trudeau made and because of the monetary

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policy in canada right now now you're

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going to hear politicians who are going

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to try to blame lots of outside forces

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be beyond the control of justin trudeau

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they're going to try to protect

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trudeau's record on this they're going

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to try to say it was the war in ukraine

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or

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supply chain issues from around the

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world and they're going to point to the

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fact that most other countries are also

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experiencing

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inflation too so how can it be trudeau's

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fault if other countries are going

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through inflation as well but that logic

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doesn't hold up because the countries

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that are experiencing inflation also

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made the poor decisions that justin

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trudeau made it's a little bit like

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someone saying well you know andrew

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you're putting on weight i notice you're

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eating a lot of cheeseburgers recently

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maybe you should cut it back on the

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burgers and fries and drop a few pounds

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and i said hey look it can't be my fault

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that i'm gaining weight everybody on my

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in my neighborhood is also gaining

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weight so clearly it must be external

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factors beyond my control it's complete

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nonsense inflation is happening because

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of trudeau's deficits and the money

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printing at the bank of canada to pay

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for them now conservatives have been

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raising the alarm on this issue for some

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time but no one has been more clear than

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pierre polyeff i've endorsed pierre to

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be leader of the conservative party of

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canada for many reasons but one of them

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is because he understands how important

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it is to get our monetary policy back

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under control he knows how hard

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inflation hits hard-working moms and

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dads across the country and he

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understands that the only way that you

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can tackle inflation is by tackling the

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massive deficits that trudeau has run up

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so while the corporate media and the

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liberal elites try to protect justin

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trudeau pierre pauliev and the

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conservatives are going to take the

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fight directly to him we're going to get

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our country's finances back under

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control

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that will get a grip on inflation and

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restore the value of the money that you

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worked so hard to earn

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thanks for watching