G8

Now, the whole green thing is another issue, mind you, and We may well have sort of cooked our own goose with that in any case.

But I do believe that it's kind of like letting Putin into the G7, or the G8, I guess it would be then, that did happen for a while there.

I don't think these countries, the way they run themselves and their ultimate objectives are negative for us.

And when I say us, I don't just mean Canada, I mean Western society, Western economies.

I think that And this kind of politics will not go very long also because Africa is mostly in the hands of Chinese who are promising much more to African countries in a sense of investments and the infrastructure project and businesses Russia cannot offer.

a lot also because all russian resources which are not so rich are and now been funneled in in the ukrainian war but as putin of course putin feels himself excluded from the excluded by the west and of course it hurts i think it's the of all the sanctions it it's a sanction a single sanction that hurts the most at least Vladimir Putin, if not Russians, because not being invited to G8, G7, bilateral, multilateral summits, even when he can be invited, for example, for G20, he cannot go because he has He has been indicted by the International Penal Court, so he cannot travel, at least he cannot travel in countries that are there to the IPC.

So I think it hurts and I think he has to show himself that he's still a global leader who is building some kind of anti-Western coalition.

He tried to do this with BRICS, for example, but BRICS again, yes, Putin can do all these speeches at the BRICS summit, but he has to do it online, because not even BRICS countries with the exception of China, are inviting Putin because they don't want to have to choose arresting Putin and hand him to the international court, or not arresting Putin and being considered Putin accomplices.

This is going to involve the new commercial paper facility that you alluded to, and it's going to involve injecting equity directly into commercial banks because commercial banks are very important and support this market.

And it's also going to involve getting the cooperation of the G8 central banks to help the problem as well.

I was going to ask you, is it at this point something that was more or less a domestic problem has become a global problem? It's a global financial problem, a global now economic problem.

Is coordinated action on the behalf of G8 absolutely essential at this point? Yes.

It's become a global problem, and it's become a problem that's spilling over to affect spending worldwide, consumer spending worldwide.

And now I can assure you the central banks are going to take the steps to attack this.

And we've had conversations with finance officials around like how to do this and how to, to do it in a way that to your point does not create gridlock when it comes to these small movement of parcels.

That being said, uh, It was a topic at the table for the G8 summit when Canada was host.

They tabled it.

Most of the G8 summits of G7 nations have moved, but Canada has yet to move.

And you want people to support the Canadian economy.

Then you have to, like, and you're saying, okay, well, Kim, it's coming cheaper from Shin and Timu.