I'm only about 3 minutes in (listening to it as I type and editing as I go), but parts of it are the NAFTA Superhighway urban legend:
This video ties it in with the old government microchips and so forth.
I use a simple rule of thumb for any government conspiracy: The government is inept. They lose, break, waste, mismanage, delay, leak, and otherwise stuff up just about everything they touch to some extent. If the conspiracy theory requires a highly competent government, particularly one that can keep a secret or hide large sums of money, it's effectively imossible.