Some things are not Carney’s fault as in globally, how we measure up, right?
Massive Potential Conflicts of Interest
The Parliamentary ethics commissioner has examined Carney’s declared assets for potential conflicts of interest and has issued his Summary Statement. Northern Perspective comments on it (11:08 minutes).
The assets are listed in an appendix to the statement. They are divided into two classes of assets, a self-administered RRSP and an “an investment account managed by a third-party in respect of which the Prime Minister did not control or direct the selection of investments.”. He has 8 investment instruments in the RRSP which by their nature must be considered to be actively managed. As such, any action he takes as PM that effect any of these assets must be considered to be a conflict of interest.
The 500+ other stocks he holds he may not even be aware that he owns since they are administered by a third party investment manager like most Canadians with assets have. No individual can actively manage 500+ stocks. Most people can’t manage more than a dozen and still have a work life.
Here are what are in his RRSP, companies that he may be or have been actively working with.
- Shares of North of 60 Advisors, Inc.
- Shares of Stripe, Inc.
- Shares of Partners Value Investments L.P.
- Options and deferred share units of the Brookfield Corporation.
- Options and deferred share units of Brookfield Asset Management.
- Notional Long Term Incentive Plan in the Brookfield Global Transition Fund.
- Shares of Cultivo Land PBC.
- Shares of Watershed Technology, Inc.
Placing these in a “blind trust” simply means that he is not able to actively buy or sell them. However, he knows what he has placed in the trust, so is able to make decisions that directly affect these holdings. The blind trust idea is a farce designed to mollify anyone watching. What is concernig is his holdings associated with Brookfield (items 4, 5, and 6).
David S. (Moose on the Loose in The Carney Chronicles: Ep8, NATO; Decarbonized Oil; Green Hydrogen) is researching Brookfield and found that it is massively invested in companies in the energy and green technology spaces. Most of Carney’s agenda potentially involves these companies. For example, carbon credits needed to “decarbonize” oil may come from a Brookfield company, enriching Carney directly.
The Canadian Economy
Tariffs
We don’t know how negotiations are going with the US, although, reading between the lines, they don’t appear to be going well. However , Canada just imposed a 50% tariff on Chinese steel (Beijing Threatens Countermeasures After Canada Ramps Up Tariffs on Chinese Steel).
The China tariff is necessary because Canadian steel is noncompetitive. A primary reason is the carbon credits that must be bought to meet CO2 emission caps imposed by the federal government.
Coming, depending on what Trump is thinking at the time, Lutnick Says Trump Will Renegotiate Trade Pact With Canada, Mexico Next Year. Why bother since Trump breaks agreements like NAFTA when he feels like it?
The Green Economy
The government wrongly considers CO2 as a “pollutant“. Incidentally, CO2 at historical levels has not negatively affected the environment. Rather, as recent satellite pictures show, it acts positively as plant food, contributing to the greening of the environment (e.g. Greening of the Earth and its drivers).
Carbon capture and its associated carbon credits offer no functional benefit to the environment and are an economic cost to the our society.
EVs
Company news: EV Charger Maker Flo Announces Closure of Quebec Facility, Job Cuts.
Also, what about the EV parked in your garage (US line Matson suspends EV shipments over battery fire risks)?
There are pot holes in the road to EV trucks: Biden push for $10B electric mail delivery fleet flops with just 250 trucks built in two years
The Alberta and Saskatchewan File
Starting with an introduction to why socialism doesn’t work, Martin Armstrong discusses the prediction of his computer models that Alberta will separate. This is a wide-ranging discussion about what new Alberta’s state institutions might look like. It’s long at 1:42:39 minutes but well worth the listen.
The key point for me in what Armstrong spoke about is the implicit failure of socialism beyond which lies a Marxist form of government and communism. The process is reversible only by revolution. Alberta can exit and set up a truly democratic society.
The Alberta Prosperity Project (APP) is, I believe, the best organized group preparing for a sovereignty referendum. They have prepared an extensive document outlining what they envision a sovereign Alberta could look like.
Infrastructure Projects
A memorandum of understanding (MOU) was signed by Alberta, Saskatchewan, and Ontario to develope large infrastructure projects such as the port-to-port energy and trade corridor (Ford, Moe, Smith unite to advance pipeline projects, trade corridors. Eby in BC really doesn’t want this as seen by his foot-dragging. And Wab Kinew of Manitoba hasn’t figured out which is the bow and which is the stern of his canoe.
Both, incidentally are NDP, apparently suffering from the same disease as Jagmeet Singh. Carney, on the other hand is steaming hull speed in neutral by setting up a project office that will presumably approve projects for Schedule 1 of Bill C-5 which remains empty despite the fact that the premiers behind the MOU have dozens of shovel0ready projects mired in Federal red tape.
The Alberta Next panel is moving ahead with Alberta Next: Taxation and Alberta Next: Constitution.
Comment
The prairie provinces are ready to go and Smith has given Carney “six months” to get things moving (read: Bell: Danielle Smith slams Carney — but then a Carney olive branch?). Carney is too busy building a new bureaucracy around the effort to select “projects of national interest”. The other provinces, BC and Manitoba, are likely to throw environmental and indigenous interests in front of the trade corridor bus. Bill C-5 was designed to prevent this type of obstruction although its wording may in fact enable it.
In short, I expect that nothing will get done this year leading to fractious relations with Ottawa. Carny’s lack of support will further strain federal/provincial relations ahead of a possible referendum on secession next year.
Other Things to Be Aware Of
A serious threat: 100% Chance of Nuclear War – Martin Armstrong
Trump has signed into law, Stablecoin. CBDCs have had any public appeal. They have engineered Stablecoin a an alternative that will unltimately give them the same control. Greg Marimo outlines how it will be introduced: EXPOSED! Stablecoin Token Rules And The 13 Step Rollout. THIS IS WHAT YOU NEED TO KNOW. This is the system that the global elites will use to control you.
Series Index
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