Sending the Bank of Canada (and PM) Kids’ Finance Books for Christmas #Finance

ready to send to the Bank of Canada hi and yeah it wasn’t just the Bank of Canada to whom we sent some gifts children’s Finance books for this CashNews.co we also sent one

off to r a page CEO Phil soer Finance Minister chrisa Freeland and of course the Prime Minister Justin Trudeau in the hopes that these for lack of a better word explainers could help not only

the recipients but more importantly the rest of us in 2025 as we’ll see today I know not only included gifts in the packages that we sent but also personally addressed Christmas cards where I invited each recipient to come on this show for an interview to go over the books that were included

that’s not going to happen probably but if by chance the Bank of Canada Governor or say the Finance Minister do want to come on this channel to discuss their gifts we’ll obviously

have that update out on this channel click like And subscribe if you want to get any of those updates but for now let’s get into this gift giving yeah a few weeks ago I was putting together my Christmas to-do list and found myself wondering what to get the man that’s given us so much

entertainment this year Bank of Canada Governor Tiff mckam after all he’s had a difficult year to answering no less than 34 rate cut questions from Canada’s media Elite but what do you get the man that literally has a money printer and I know what you’re thinking but I wanted to

get him something to make make his job a little bit easier going into 2025 thanks for being so helpful then I remembered a headline that I saw a few weeks back about a former banking regulator in the United States Sheila bear writing children’s books to help teach kids about basic Financial

Concepts now one of the biggest things I’m looking forward to come 2025 is the release of the review of the bank of Canada’s exceptional policy actions during the pandemic if you’ll recall back in June of this year the Bank of Canada announced would be reviewing its pandemic

actions and then in August announced a three-person panel to review that review with the governor previewing that review during an appearance before the senate in November I mean I I could reflect on some of the Lessons Learned but um maybe we just want to leave it till we’ve got the full

report now we did get a preview of that review back in June when Deputy Governor Sharon kazaki told us that the bank had found very little correlation between money growth and Inflation seemingly arguing that money printing did not lead to Inflation that makes

sense which brings us back to the children’s books as it turns out Sheila bear has one on money printing entitled Princess pany and the money Wizards Inflation comes to gany maid the book is a heroing tale where princess pranie needs money to take her friends on vacation but

doesn’t have enough as such she visits the money Wizards for help the Wizards despite warning the princess of the problems with money printing agree to prin her up a quick trillion doubling the money in circulation and although I don’t want to spoil the ending for the governor before he

gets us gifts suffice it to say the prices in gany made ended up skyrocketing so I ordered the book from Amazon and I’m going to send it off hoping that it’ll help with the bank of Canada’s review and the committee’s review of the bank of Canada’s review you mother so

I think we’ll go with some red paper for the Central Bank Governor I think he’ll like the red all right so we have a gift for the governor and uh we’ll make sure we get him a card as well so we’ve got the card for governor mlam dear Governor mlum wishing you a Merry

Christmas hope this helps with 2025 PS if you want to go over specifics you have an open invitation to come on the show I promise I won’t ask about rate Cuts all right we’re ready to send to the governor next up I wanted to send a gift to Royal Le page CEO Phil soer soer if you’ve

been following this channel has provided us with so much Insight throughout the year really beginning last year when he told us that in 2024 prices would be returning to their pandemic Peak which suffice to say despite the interest rate Cuts they did not and as it turns out Miss bear has a few more

books that I think could help including Daisy bubble a price crash on Galapagos the book tells the story of our leene a giant tortoise wearing a crown of daisies that everyone wants and again without without giving away the ending I wouldn’t want to spoil it soon enough everyone starts buying

and selling these flowers amongst each other driving out prices in the hopes of selling them later on at a markup this book if you haven’t caught on is a classic story of an asset bubble the is that so I also picked that one up and we’ll get it all wrapped up and sent off to R of page

headquarters hoping it’ll help Mr soer with his appearances on blueberg in 2025 we’ll use it all the time so we’ll also get this one all wrapped up we go with green this time if I know Mr sober I think he’ll like the green with that said I do not know Mr sober from what I

understand I can’t imagine he’ll come on the show for an interview though he’s obviously welcome who do you think comes on the show first Banker Canada Governor the Deputy Governor or Phil soer all right so we have this all ready to send off to Phil soer but of course let’s

get him a card Dear Mr soer wishing you a merry Christmas into 2025 thought this could help with the Bloomberg appearances PS if you want to go over some specifics you have an open invitation to come on the show sincerely Mark Mitchell all right so that’s two down two to go with

href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance Minister Christia Freeland and prime minister Justin Trudeau left both of which announced this year they would be helping Canadians take on more Debt by extending

amortizations for firsttime home buyers to 30 years and remember the government is allowing an increase in insured Debt meaning Debt insured backed up guarantee aned by all of us at a time when delinquencies are continuing to rise and for them we have Billy the

borrowing blue footed boobby the story of Billy who continues to borrow and spend and his Banker the seal who cleans up by letting him do it given that according to some estimates the new 30-year amortizations could end up costing the average borrower over $100,000 over a 30-year term compared to

that of a 25 I think the book might be particularly timly so I picked up two one for the Finance Minister and one for our prime minister have you read this all right so we’ll go with

white paper for the Finance Minister and the Prime Minister the hard covers were not available so that’s one for the color: #1a73e8; text-decoration: none;">Finance Minister and of course we’ll get her card as well Merry Christmas miss Freeland from all of us on YouTube thought this could help ahead of any plans for a 50-year amortization PS you have an open invite to join us for a discussion sincerely

Mark Mitchell so we’re all set we got this ready to send to the Finance Minister excuse me I said I want you to write the letter and then finally one left for prime minister Justin

Trudeau we’ve got the same paper I don’t want them thinking that we played favorites or anything so that’s the last one all finished up we will get the Prime Minister a card of course so we have dear prime minister Trudeau Merry Christmas from all of us on YouTube thought this

could help heading into the 2025 election PS you have an invite to join us for a discussion on the show sincerely Mark Mitchell all set prime minister Justin Trudeau we’ve got all of the publicly available addresses to send these gifts off so let’s head out so what do you think should I

put my home address on it I’m sure they can find it if they need it yeah that’s think we need to send this to the Bank of Canada in Ottawa this one’s going to Toronto Phil sober is for none;">Finance Minister Christia freemand off to the Prime Minister now we wait yeah I think it’s okay I gave them the uh the home address I kind of had to they uh there’s no choice but I mean I guess they probably already have the home address if they if they really needed it

probably got in the house hope they like them got one on Debt two on Debt one on asset price crashes and money Inflation I hope they like them done our part anyway give them back a little bit hopefully they’ll help in 25 it probably

won’t but everyone at YouTube will get a laugh out of this so that’s that’s the main thing Le we we got some laughs can the post is closed we got expensive laughs but we got laughs so we’ve got the gift sent out to Governor mckam Phil soer

href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance Minister freland and of course the Prime Minister the next interest rate announcement is being held on December 11th along with the Press Conference held thereafter so if anyone that is

allowed at those conferences wants to ask the governor how we liked the book maybe we can limit it to only four rate cut questions that conference we will obviously have an update out on that interest rate announcement and the Press Conference held thereafter on this channel click like And

subscribe if you want to get those updates but for now thanks so much for watching