Carney Goes for Kill Shot in Saudi Arabia

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2:10Ben Meiselas:Canadian Prime Minister Carney is making his move as MBS, the crown prince of Saudi Arabia, is ghosting Donald Trump, as are many Mideast countries and many countries at the highest leadership level across the world. Let me explain to you what is happening because following the NATO summit in Ankara, Turkey, Prime Minister Carney went to Saudi Arabia to meet with MBS and announce massive partnerships between Canada and Saudi Arabia. Notably, Prime Minister Carney, while in Saudi Arabia, also talked about human rights, also acknowledged that there are major disagreements between the values of Canada and Saudi Arabia.

3:00Ben Meiselas:He acknowledged it head-on with MBS standing right there. But Prime Minister Carney said it is important that we can still engage in partnerships for the economic benefit of Canadians. And through partnerships, we in Canada may be able to have a better influence on human rights and other important things to the Canadian people. Such a difference between Donald Trump and MBS's meeting or Donald Trump and the meetings with authoritarians in general, where Donald Trump is that authoritarian bootlicker. Now, MBS is ghosting Donald Trump. I just want you to think about it. When Marco Rubio went to the Middle East in order to try to undermine the MOU, which he's now done, but when he visited about two weeks ago or so, notably, he did not stop in Saudi Arabia.

3:52Ben Meiselas:That would normally be the first stop for Rubio. That would be the first stop for an American diplomat because of Trump's prior relationship with MBS. But MBS feels utterly betrayed by Donald Trump. MBS is like, we've given you all of these things, Donald. I've personally given you and Kushner all of this money, all of these benefits, and you went to Netanyahu and did this unlawful and catastrophic war against Iran, and you exposed Saudi Arabia to massive damage. And we thought we were buying protection and we were defrauded. So you'll note how MBS has been pulling back on lots of investments in the United States, lots of money pouring in from MBS into the United States has been clawed back.

4:47Ben Meiselas:And that's a result of the betrayal that MBS feels that Donald Trump has engaged in with MBS. Prime Minister Carney knows that. So let me show you what Prime Minister Carney did when he was there. First, let me just remind you, this is when Donald Trump was with MBS and he would like start grabbing and pulling at MBS and then they would post these weird photos together. Remember this last year before Trump and Netanyahu launched the catastrophic war against Iran? Here, let's play this clip. Son of the lead, Mr. President.

5:25And Trump doesn't give a fist pump. I grabbed that hand. I don't give a hell where that hands been. I grabbed that. When when remember Biden, he travels for 20 hours, he gets out and he gives a fist pump. Now, when you get out of the plane and you get the future king and the man who's one of the most respected people in the world, you shake his hand. You don't give him a fist pump. Okay. And then remember when Donald Trump's like, and I want MBS and Saudi Arabia to join the Abraham Accords with Israel. And Saudi Arabia's like, stop, we're not doing that. Until there's a Palestinian state, until there is a two states, we're not talking about the Abraham Accords.

6:08Stop asking us all of these things.

6:10Ben Meiselas:I think also MBS and others see a deeply unserious United States, not just a dangerous one. I mean, what's Trump doing today? He's changing the columns to Corinthian columns in the White House, and they're doing all this work in the front and back of the White House, which is, again, a violation of the law. So in any event, Prime Minister Carney shows up in Saudi Arabia. And first, he talks about we in Canada are looking to double our non-U.S. exports, and we're on track for that. Here play this clip. We're looking to catalyze a trillion dollars of investment between now and the end of this decade.

6:46We are embarking on a defense industrial build that's half a trillion dollars we're looking to double our non-us exports we're on track for that we're growing jobs at twice the rate of the United States we're at the highest level of foreign direct investment in 20 years in Canada it's running at twice the pace of our nearest g7 pier adjusted for the size of the economy we're now rated as the as the most attractive investment infrastructure destination in the world. And then he holds a press conference where Carney talks about how Canada and Saudi Arabia have grown cooperation now across key sectors.

7:30Here play this clip. I would like to thank His Royal Highness, the Crown Prince and the Prime Minister of Saudi Arabia for his hospitality and for our rich discussions this afternoon. Canada and Saudi Arabia have growing cooperation across key sectors, some of which I've referenced, but also want to recognize the kingdom's broader efforts to promote regional stability and security. And here he talks about all of the actual deals that Canada did with Saudi Arabia, not

8:03Ben Meiselas:deals that Prime Minister Carney did to enrich himself and the Carney family, right? I mean, Just the idea, could you imagine if Carney was stock trading and doing deals for the Carney family? It's such a ridiculous concept that you'd be like, okay, that's the craziest thing ever. But that's what the Trump regime does. But watch Prime Minister Carney talk about the deals. Here, play this clip. Here today in Jeddah, we are building partnerships with the kingdom of Saudi Arabia, harnessing the ambitions of our nations to catalyze greater security, prosperity, and opportunity for both our peoples.

8:38We signed Canadian, I should say, Canadian and Saudi businesses have signed 13 new commercial agreements across education, critical minerals and mining, energy, infrastructure, security, artificial intelligence. In education, agreements to train workers in some of the kingdom's most dynamic industries, building the skills that will power its next decade of growth. In critical minerals and mining, new Canadian engineering partnerships are working on some of the most ambitious mining projects here, unlocking over$2 trillion of mineral wealth. In energy and infrastructure, Canadian expertise is supporting roads, rails, and urban development across the Kingdom, along with clean building technologies that help it build sustainably.

9:24And in defence and security, new training partnerships support the Kingdom's efforts to build domestic aviation and defence industry capabilities. Artificial intelligence, Canadian AI and health technology partnerships are helping to transform patient monitoring, diagnostics and surgical care. We're aiming to conclude negotiations with Saudi Arabia for a foreign investment promotion and protection agreement by the first quarter of next year. Canada's Minister of Finance, who's here, intends to lead a delegation of Canadian pension funds, and their$2 trillion of capital to visit the kingdom in coming months to identify new investment opportunities.

10:08And Saudi Arabia's public investment fund will visit Canada in the fall, attending our Canada Investment Summit, which showcased some of our transformative projects. Canada is also announcing that we will participate in Expo 2030 here in Saudi, bringing Canadian projects, expertise, showcasing the best of Canada at what will be a landmark event. I'm going to show you in a little bit when Prime Minister Carney talks about engagement with other countries is not endorsement. And again, think about a leader saying that while actually in Saudi Arabia. I mean, think of that. To me, that's real power.

10:45That's real strength. But here he is talking about how he's going to lots of other countries after Ankara and Turkey to do deals, real deals, not fake Trump deals. Here, play this clip. So in four days, in three countries, we've worked to build our strength, to build trust with our allies, to build a new partnership with the world. In this time of uncertainty, we're choosing to act. We're choosing to build Canada strong.

11:10Ben Meiselas:So then he says, engagement is not endorsement. We can engage, but we can still make clear that we're not compromising our human rights and values and principles in Canada. Again, just think about him saying this inside Saudi Arabia. Here, play this clip. We recognize a couple of things. One is that engagement is not endorsement. So engaging with the country doesn't mean that we agree with everything that a country is doing. In fact, I can't think of a country on the planet where we would agree with everything that they're doing, first point no country is no country is Canada and we don't even agree with everything that's happening in Canada better is always possible including for Canada so that's the first the second is that we recognize in a in a world that's more dangerous that's more divided a world where we need to diversify our partnerships where we're over we become over reliant on a partner with whom we share many things the United States obviously we share many things and we value that partnership, but we're over-reliant on it.

12:16That's been demonstrated. Canadians have very strongly recognized that and we're looking to diversify. So we are actively engaging with key partners around the world. We are calibrating those engagements depending on alignment and depending on our interests. Part of our interests is to build our strategic capabilities. In other words, to build in areas that make Canada more resilient, stronger, more independent. And where there's complementarities, we do that. Because Prime Minister Carney, again, I think also throwing shade at Donald Trump, but also says, lecturing other countries from far away may feel gratifying and may feel satisfying, but is ultimately that effective in changing the direction or changing the policy, or should there be other ways to go about that?

13:11Here's what he says. Here play this clip. Lecturing countries from afar is an ineffective strategy. It's satisfying, but it's ineffective.

13:24Engagement can be effective. It doesn't mean it's always effective. It doesn't mean it's decisive. It can be effective. We care deeply about human rights. We care deeply about self-determination for nations. We care deeply about territorial integrity of nations. We care deeply about Canadian consular cases. I addressed a Canadian consular case in Ankara two days ago. And because I was with the president, it was addressed favorably. If I sat in Ottawa and pointed out all the things that we might not agree with with what Turkey has done or is doing or might do, I wouldn't have had that conversation.

14:06I wouldn't have had that impact. That's a small example, but it is an example of a broader point. He then talks about how we recognize as a government, the importance of countries that are active and influential. And because we have influence, we have partnerships, we can potentially in Canada help make positive outcomes. Here play this clip we recognize as a government the importance of countries that are active and influential in geographies in the world and in situations in the world uh that about which we care deeply canadians canada has always cared deeply about the middle east canadians canada has since before Deep and Baker, I'm going to stretch it back, well I should back to, well since 1948 actually, has supported a two-state solution.

15:07I'll give the example of the two countries that I've been to on this trip. Two of the most influential countries with respect to potential solutions there are Saudi Arabia and Turkey. We need to engage with these countries, We need to be speaking with them. We need to work with them. That doesn't mean that they have the key to unlock things, but not being engaged, not talking to them on level. I'm the first Prime Minister to come here in 25 years. I was the first Prime Minister to speak to President Erdogan in over a decade. Speak to him. We'll meet with him. And so it's about recognizing where we can have influence, where we can build resilience, independence, strength, Canada, calibrating appropriately, and also creating a situation and a dialogue where we can raise issues.

16:06And because we have influence and because we have partnerships, we have a greater chance of positive outcomes and positive progress. And again, just think about the contrast between that and Donald Trump in Saudi Arabia, where Donald Trump says, does Trump blow him all away? Does Trump blow him all away? Here, watch what he says here. Play this clip. And Reagan, he's one of the historical presidents that have close ties with Saudi Arabia. But we've worked with all presidents. Does Trump blow him all away? It's not about me, Mr. President. Mr. President. And Trump doesn't give a fist pump. I grabbed that hand.

16:48I don't give a hell where that hand's been. I grabbed that hand. That was Trump with MBS in 2025. Lastly, as Donald Trump was landing on Air Force One, you saw by now, he talks about attacking Europe, pulling troops from Europe. And as this politician from Denmark, Rasmus Jarloff says, we don't care. These threats don't work anymore. Pull your troops. Don't pull your troops out. Let them stay, whatever. It's not going to have any influence on the fact that we're not giving you one square centimeter of Greenland. Think about the different approaches here. Carney and Trump. Here, play this clip of Trump.

17:22They may have been different if the press was there, but there was tremendous unity and togetherness. It was quite nice. Are you going to pull more U.S. troops out of Europe? And so, how many and where? I haven't made that final. A lot's going to depend on Greenland. And a lot, a lot. I mean, you know, we're going to make a very good deal in Greenland. And if we don't, maybe I will. And a lot's dependent on Iran. I mean, they want to help now. It's a little late to think, because essentially there's not that much fighting to be done. But some will depend on Iran. When they had a chance, an opportunity to help, they chose not to.

18:04But we're sort of forgetting about that. And now they want to help. They all want to go in. They want to help going around so badly, but we don't really need help. It's little things, but we don't really need help. I'll make any commitments to you. There you have it, folks. Let me know what you think. Hit subscribe. Let's get to 7 million subscribers. And thanks for watching, everybody. Want to stay plugged in? Become a subscriber to our sub stack at MidasPlus.com.

18:28Ben Meiselas:You'll get daily recaps from Ron Filipkowski, ad-free episodes of our podcast, and more exclusive content only available at MidasPlus.com. you