Toronto mayoral candidate Corey Deville gets real about rent, homelessness, mental health, and the K-shaped economy. In this episode, we break down why “people-focused policy” matters, how Toronto can actually change, and why voting like it counts is the move. #TorontoPolitics #CostOfLiving

Timestamps:00:00 - Introduction: Corey Deville's campaign and media reception
00:41 - Differences between TikTok and Instagram audiences in political messaging
01:26 - The importance of empathetic communication in politics
02:36 - Municipal language simplification and transparency
03:36 - The inflection point where status quo fails to serve the city
04:26 - Why the radical reality of youth and millennial struggles matters
05:00 - The trap of classism and the role of the working class in societal change
06:56 - Understanding economic disparities through K-shape recovery models
07:58 - Addressing diverse city interests through a shared foundation of safety, health, and happiness
09:26 - The intertwined nature of business success and societal wellbeing
10:34 - City infrastructure potential for affordable housing development
11:35 - Challenges facing local businesses and strategies for city-wide support
13:14 - The importance of integrated policy across city, provincial, and federal levels
14:00 - Moving beyond hope to pragmatic solutions for homelessness
15:39 - Building a partnership with Ontario for economic growth
16:28 - The dangers of predatory economic practices and the role of government regulation
18:05 - Accountability and transparency in political leadership
20:20 - The necessity of bold action over career politics
21:13 - Balancing homelessness solutions with community safety and empathy
22:05 - Homelessness linked to mental health and substance abuse crisis intervention
24:16 - The importance of community environment in preventing homelessness recidivism
28:57 - Building societal empathy and cultural shifts in Toronto
31:53 - The impact of civic engagement and voting on city future
34:00 - The importance of city-owned real estate for solving affordability issues
36:06 - Leadership urgency and policy boldness needed for city growth
39:38 - Encouraging civic participation beyond voting, fostering a political culture of action
43:08 - Final call: Vote for policy with people at its core on October 26Resources & Links:

A relentless deep dive into Canada's economic and political landscape — this episode exposes how decades of policy decisions systematically favor the wealthy, undermine the middle class, and leave the younger generation footing the bill. If you're tired of superficial narratives and crave plain-spoken truth about why your paycheck isn't going as far, this episode is your wake-up call.Join Oti and Richard Dias, a seasoned global macro strategist and host of the Looney Hour podcast, as they unpack the root causes of Canada’s economic stagnation. Richard pulls no punches, revealing how government overreach, misguided environmental policies, and political favoritism are sabotaging real growth and generating a fractured society. Find out how the housing market has been distorted through bailouts and speculative bubbles, and why—and how—these actions benefit old wealth at the expense of young Canadians eager for a fair shot.You’ll discover:

• Why Canadian media is incentivized to keep Canadians uninformed and the impact on public debate
• The real story behind the fiscal 'socialization of losses' and privatization of profits in sectors like real estate and energy
• How immigration policies and regulatory hurdles distort labor markets and suppress long-term economic growth
• The truth about environmental policies, the energy sector, and why Canada’s climate crusade may ultimately hinder prosperity
• The dynamic fault lines between generations and the political strategies that perpetuate inequality

Richard, an expert at explaining complex economic phenomena in accessible terms, shares insights based on years of experience navigating capital markets, environmental debates, and policy design. His candid critique of Canada's reliance on resource extraction, foreign investment, and immigration for growth is both provocative and urgently relevant.If you're ready to understand why your future looks different than that of your parents—and what policy changes could truly shift the trajectory—this episode is essential listening. Perfect for young professionals, students, investors, and anyone craving honest economic discourse in an age of misinformation.Why this works: This episode offers a clear, provocative perspective on Canada's economic struggles, cutting through mainstream spin with concrete examples and expert insights, compelling listeners at a critical moment in history to question the narrative and demand real solutions.

Timestamps:00:00 - How banks loan out imaginary money and profit from interest
00:45 - Tier system of banks and mortgage lending standards
01:33 - Introduction of stress tests and the rise of alternative lenders
02:55 - The subprime lending market and its implications
03:21 - Case study of Go Easy Financial and risk exposure
04:20 - The impact of accounting failures and loan loss reserves
05:16 - Debt relief measures and their effects on bank funding
05:55 - The connection between market shrinkage and risky loans
06:24 - How subprime economy profits off sweat equity and debt servicing
07:24 - The ethics of fake documents and systemic bailout support
08:00 - The broader implications for economic stability and regulatory oversightResources & Links:

• Fractional Reserve Banking Explained
• Canadian Banks Overview
• Subprime Lending and Risks
• Market Shortfalls and Loan Reserves