Carney announces creation of Canada's first sovereign wealth fund - Will "co fund" projects the gov't likes for partners they approve of

[suds]

10 minutes ago, Goddess said:

None of this should surprise anyone.  Carney wrote a whole book on how the state needs to steer the economy so "Values" can be protected.

Nationalizing Canada's natural resources has always been his end game.  He's been laying the train tracks for this and leveraging pension plans.

I wouldn't exactly equate it to communism.  It sounds more like economic fascism. Either way, not good.

[Goddess]

13 minutes ago, paxamericana said:

This is progressing faster than I anticipated.

As soon as Carney got his majority, I knew things were going to move fast.

He's been building the cage around Canadians for years, without them even suspecting it.

When the door clangs and key turns, it'll be too late.

Liberal pom-pom wavers will be stuttering "What's going on??  How could we have known??"  🤡

We're already deep in Venezuela territory now.

[Goddess]

Just now, suds said:

It sounds more like economic fascism.

It won't end with economics.  This is just the economics part.

I just posted the line-up of censorship bills on the Master Thread - Carney Agenda.

Now with the parliamentary majority, Carney will have complete control over everything in the government.  What bills are passed, etc.  Even gave themselves a super-majority on the Ethics committee.  You think they're going to vote to turn over documents now?  Just passed a bill so their emails get automatically deleted after 15 days.

Like I say, he's been laying the train tracks for all of this while distracting his pom-pom wavers with Trump tweets and CBC debates on whether Poilievre is fit to lead the Opposition Party.

[WestCanMan]

6 minutes ago, Goddess said:

It won't end with economics.  This is just the economics part.

I just posted the line-up of censorship bills on the Master Thread - Carney Agenda.

Now with the parliamentary majority, Carney will have complete control over everything in the government.  What bills are passed, etc.  Even gave themselves a super-majority on the Ethics committee.  You think they're going to vote to turn over documents now?  Just passed a bill so their emails get automatically deleted after 15 days.

Like I say, he's been laying the train tracks for all of this while distracting his pom-pom wavers with Trump tweets and CBC debates on whether Poilievre is fit to lead the Opposition Party.

They have full control of the CBC, polling data is controlled by the CBC, and they used to have control over social media through TNI until Musk took over Twitter, and they really want that level of social-media control back.

It's looking more and more like we will never see a real election again in this country. 

[Goddess]

[eyeball]

1 hour ago, CdnFox said:

Their fund doesn't really invest in norway as i understand it, it invests elsewhere

It's where their fund came from that matters. They earned it honestly.

[Goddess]

39 minutes ago, Goddess said:

Now with the parliamentary majority, Carney will have complete control over everything in the government.  What bills are passed, etc.  Even gave themselves a super-majority on the Ethics committee.  You think they're going to vote to turn over documents now?  Just passed a bill so their emails get automatically deleted after 15 days.

Now with Liberal majority (actually, they should only have 51% on committees but they have given themselves 58%) nothing will get done in committees.

It's already begun.

 

 

[eyeball]

1 hour ago, Goddess said:

This non-partisan group has been advocating for a SWF for quite a while and their suggestions for how to do in light of Canada's bad economy, is here:

Turn Canada’s Resources into Lasting Wealth

See what you think.

It's a great idea but we'll, as your article states....

Norway's Wealth Management: Norway’s Sovereign Wealth Fund, the largest globally, is primarily funded through taxes on profits from the country's oil and gas industry, which can reach as high as 78%. 

For starters there are deep ideological divisions when it comes to taxing the profits of the 1%. I've been given to understand there are millions of Canadians who are offended and even sickened at the idea.

Norway's model would also only work if it was applied provincially. Do you honestly believe Alberta would stand for this?

 

 

[Goddess]

11 minutes ago, eyeball said:

Do you honestly believe Alberta would stand for this?

It's already that way.

The feds take the profits from Alberta, mainly the oil & gas industry and most of it goes to equalization and the rest they pi$$ away.

So, no.  It sounds like Alberta is not standing for it anymore.🤣

This new SWF slush fund should give us another 10% boost in signers for separation.

[Goddess]

[Goddess]

 

 

[paxamericana]

31 minutes ago, Goddess said:

It's already that way.

The feds take the profits from Alberta, mainly the oil & gas industry and most of it goes to equalization and the rest they pi$$ away.

So, no.  It sounds like Alberta is not standing for it anymore.🤣

This new SWF slush fund should give us another 10% boost in signers for separation.

As soon as Alberta 51st, the rest of Canada will fall like dominos. I knew this would happened , just didn’t know what kind of clown show it was going to take. Turns out pulling the wool over Canadian eyes is as easy as telling them their worse nightmare, becoming Americans. 

[paxamericana]

Canada is soon turning into America’s Sudetenland eh? @John Stone

[CdnFox]

2 hours ago, eyeball said:

It's where their fund came from that matters. They earned it honestly.

True, that's a valid point. 

[John Stone]

9 hours ago, paxamericana said:

Canada is soon turning into America’s Sudetenland eh? @John Stone

........Germany annexed the Sudetenland arguing that a large portion of the population was German. 

Chamberlain (PM) returned to London (1938) with a Peace Agreement (Munich) - 'Peace in our Time' - a forlorn hope as a year later with Germany's invasion of Poland, WWII began. The door did not hit Chamberlain on the a$$ as Churchill took the reigns widely recognized as the greatest leader of the 20th century.  

The point is,  geo-conquest ambitions led to a global conflagrations,  we are still feeling the reverberations. (Ukraine, China, Russia)

Putin pulled a Sudeten-move in Ukraine (Donbas).

There are no large portions of Kanada that claim U.S. allegiance - more French or Chinese. 😁

 

[paxamericana]

21 minutes ago, John Stone said:

There are no large portions of Kanada that claim U.S. allegiance - more French or Chinese. 😁

Oh I wouldn’t say that. Similar events have unfolded. Alberta will secede from Canada and claim independence, Canada will probably refuse to recognize said independence forcing Alberta to petition for statehood. 

[ExFlyer]

21 hours ago, CdnFox said:

Carney announces creation of Canada's first sovereign wealth fund | CBC News

So here's the short version

He's going to give $25 billion of your tax dollars into this fund. Then he's going to hope that other people like banks and so ones so forth and pension funds and individuals put money into their fund as well

Then he will decide if a project, In his opinion, is in the national interest, whether it's windmills or a lesbian dance University or a battery Factory or A manufactured home facility owned by a Brookfield subsidy.

if so he will 'invest' the money into that venture to make it "easier" for his buddies that private entity to  proceed with that project, which means our money will fund projects that WOULD have been funded by the private sector entirely if only they got useless regulation and taxes out of the way in the first place 

This is basically a filter. This will guarantee that groups and projects he's not fond of don't happen while friendly organizations and projects he likes and can tap for money proceed

It is very very clear to me that you have no idea what a sovereign fund is and, as usual, have no idea what you are talking about.. LOL

It has nothing to do with a political party let alone decisions by a political leader. LOL

https://www.ifswf.org/what-is-a-sovereign-wealth-fund

https://en.wikipedia.org/wiki/Sovereign_wealth_fund

https://www.investopedia.com/terms/s/sovereign_wealth_fund.asp

It is an investment platform that many other counties use. Even CPP and Ontario Teachers Pension use it.

"

A more grounded discussion on public finance might be helpful here. I don’t expect every political leader, including Pierre Poilievre, to go deep into the technical details of commercial financing structures—luckily, we have an Oxford PhD in economics to help lead Canada—but it’s worth recognizing that mechanisms like sovereign wealth funds are fundamentally different from how governments borrow and spend for day-to-day operations, like what PP indicated using credit card.

A sovereign wealth fund is generally built by investing national assets—such as natural resource revenues, infrastructure capacity, and innovation potential—into diversified portfolios to generate long-term returns, making it closer to an investment approach that aims to grow value over time, and attract additional investment and partnership to speed up the process.

By contrast, government borrowing for operating expenses is more about covering current spending (like deficits), which must be repaid later and typically doesn’t generate a direct financial return; in simple terms, one is about building assets, while the other is about funding expenses. When we talk about Canada’s natural resources, infrastructure, innovation, or stable partnerships, the real question is whether we treat them as assets to invest in and grow, or just as costs on a balance sheet—and while people can disagree on policy direction, being clear on this distinction helps keep the conversation productive."

If you would only get informed on most of your posts, you would not post so much BS LOL

Edited April 28 by ExFlyer

[John Stone]

11 minutes ago, paxamericana said:

Oh I wouldn’t say that. Similar events have unfolded. Alberta will secede from Canada and claim independence, Canada will probably refuse to recognize said independence forcing Alberta to petition for statehood. 

Alberta's Premier (Governor) Danielle Smith has repeatedly stated that she does not support Alberta separating from Canada and believes in a strong Alberta within a united country.

While Smith opposes separation personally, she has committed to honouring the democratic process. If Albertans gather enough signatures on a petition, her government will allow a referendum on provincial separation in 2026 

A recent survey (Angus Reid Institute) found that 65 per cent Albertans polled say they would either vote to stay in Canada or lean toward voting that way if a referendum on Alberta separation were held later this year. .

Smith is playing very smart politics .......... recent Provincial rhetoric has def drawn the Fed's attention - ala Quebec.

While Alberta leans towards secession (not sure how that would work without annexation), Quebec has always leaned toward statehood. 

If the Quebec Separatists (PQ) win the next provincial election they have vowed to conduct a referendum vote.

A French island on a sea of ........................ cosmopolitan  Continental culture?  Madness . they'd be eaten alive. 

Over 60 percent of Quebecois have stated in any referendum they would decline secession in favor of unity. Common sense prevails.

Quebec has a huge influence politically in any Fed party hoping to gain a majority gov  - pi$$ed Alberta off and has for decades - Alberta pays the National bills. (energy) - they want respect. 

 

 

 

[Goddess]

13 hours ago, paxamericana said:

As soon as Alberta 51st

We're not going to be a 51st state.

13 hours ago, paxamericana said:

Turns out pulling the wool over Canadian eyes is as easy as telling them their worse nightmare, becoming Americans. 

This part is true.  For half of us, anyways.

[paxamericana]

10 minutes ago, Goddess said:

We're not going to be a 51st state.

So the Albertan are going to pay for Ontario and Quebec’s retirement out of the kindness of their heart all while becoming destitute together with their much larger provinces? I think not. The fact that Alberta hasn’t left Canada is what’s surprising. It’s going to happen eventually, it may not be soon but the math leads to one conclusion.

Edited April 28 by paxamericana

[CdnFox]

14 hours ago, eyeball said:

Norway's model would also only work if it was applied provincially. Do you honestly believe Alberta would stand for this?

 

 

But they did.  It was called the 'heritage fund' or rainy day fund.  A fund completely 'funded' by the royalties paid by oil companies.  This isn't theoretical, that thing you suggest could never happen happened and under a VERY conservative gov't of ralph klein. 

The thing is that it was funded from surplus, not deficit. As you previously noted that's a big difference compared to what's being proposed now. 

[CdnFox]

3 hours ago, ExFlyer said:

It is very very clear to me that you have no idea what a sovereign fund is and, as usual, have no idea what you are talking about.. LOL

Yawn   LIterally every single time you start off like this you wind up looking like a twat

 

It has nothing to do with a political party let alone decisions by a political leader. LOL

https://www.ifswf.org/what-is-a-sovereign-wealth-fund

https://en.wikipedia.org/wiki/Sovereign_wealth_fund

https://www.investopedia.com/terms/s/sovereign_wealth_fund.asp

Quote

It is an investment platform that many other counties use. Even CPP and Ontario Teachers Pension use it.

Nope. This will be very different compared to similar vehicles. Those are all funded from profit or surplus, they don't borrow the money to do it. 

Quote

A more grounded discussion on public finance might be helpful here. I don’t expect every political leader, including Pierre Poilievre, to go deep into the technical details of commercial financing structures—luckily, we have an Oxford PhD in economics to help lead Canada—but it’s worth recognizing that mechanisms like sovereign wealth funds are fundamentally different from how governments borrow and spend for day-to-day operations, like what PP indicated using credit card.

Normally yes.  But not in this case. In this case it's being funded by borrowing by the gov't. 

Quote

A sovereign wealth fund is generally built by investing national assets—such as natural resource revenues, infrastructure capacity, and innovation potential—into diversified portfolios to generate long-term returns, making it closer to an investment approach that aims to grow value over time, and attract additional investment and partnership to speed up the process.

But not in this case.  AND,  in other examples the investments are NOT POLITICALLY MOTIVATED, but they will be here. 

Quote

By contrast, government borrowing for operating expenses is more about covering current spending (like deficits),

Which they've always referred to as 'investments in canada'. 

 

So lets compare.  Where we see this kind of thing elsewhere its  A - funded by surplus or profit.  B - invests in good invesments without any political element.

IN this case it's funded by debt and the gov't will choose what it 'invests' in and the investments will be "partnership" deals instead of the usual asset or equity purchases.

In other words its' NOTHING like other sovereign funds at all

Yep. didn't take you long to look like  a twat this time either    Well done   

[Goddess]

Just now, paxamericana said:

So the Albertan are going to pay for Ontario and Quebec’s retirement out of the kindness of their heart all while becoming destitute together with their much larger provinces? I think not.

That's part of why Albertans are voting to leave.  

 

2 minutes ago, paxamericana said:

The fact that Alberta hasn’t left Canada is what’s surprising.

It's been talked about in Alberta since the beginning of Confederation.

When Canada was set up in the beginning, the East set it up so that they reaped all the benefits and the West's resources were to be used to enrich the East.  Alberta has always tried to work this out with Ottawa, but it's been consistently refused.

It's just gotten worse and worse over the decades, to the point now that basically the city of Toronto decides who the government is.  The Liberal party knows this, so they cater to Ontario and use Alberta's money to do it.  Alberta holds no power, but pays all the bills.  Canada is so vast that when elections happen, the new government is announced before Alberta numbers are even counted.  Or any other province, really.

To stay in power, all the Liberals have to do is cater to about 4 or 5 major cities in Ontario & Quebec, so the rest of Canada doesn't matter to them.

[ExFlyer]

8 minutes ago, CdnFox said:

Yawn   LIterally every single time you start ofeither    Well done   

Yuk Yuk Yawn Yawn

More BS banter from coinfux LOL

[Legato]

3 hours ago, ExFlyer said:

It is very very clear to me that you have no idea what a sovereign fund is and, as usual, have no idea what you are talking about.. LOL

It has nothing to do with a political party let alone decisions by a political leader. LOL

https://www.ifswf.org/what-is-a-sovereign-wealth-fund

https://en.wikipedia.org/wiki/Sovereign_wealth_fund

https://www.investopedia.com/terms/s/sovereign_wealth_fund.asp

It is an investment platform that many other counties use. Even CPP and Ontario Teachers Pension use it.

"

A more grounded discussion on public finance might be helpful here. I don’t expect every political leader, including Pierre Poilievre, to go deep into the technical details of commercial financing structures—luckily, we have an Oxford PhD in economics to help lead Canada—but it’s worth recognizing that mechanisms like sovereign wealth funds are fundamentally different from how governments borrow and spend for day-to-day operations, like what PP indicated using credit card.

A sovereign wealth fund is generally built by investing national assets—such as natural resource revenues, infrastructure capacity, and innovation potential—into diversified portfolios to generate long-term returns, making it closer to an investment approach that aims to grow value over time, and attract additional investment and partnership to speed up the process.

By contrast, government borrowing for operating expenses is more about covering current spending (like deficits), which must be repaid later and typically doesn’t generate a direct financial return; in simple terms, one is about building assets, while the other is about funding expenses. When we talk about Canada’s natural resources, infrastructure, innovation, or stable partnerships, the real question is whether we treat them as assets to invest in and grow, or just as costs on a balance sheet—and while people can disagree on policy direction, being clear on this distinction helps keep the conversation productive."

If you would only get informed on most of your posts, you would not post so much BS LOL

Well well looky here, a slush fund disguised as a slush fund.

15 minutes ago, Goddess said:

That's part of why Albertans are voting to leave.  

 

It's been talked about in Alberta since the beginning of Confederation.

When Canada was set up in the beginning, the East set it up so that they reaped all the benefits and the West's resources were to be used to enrich the East.  Alberta has always tried to work this out with Ottawa, but it's been consistently refused.

It's just gotten worse and worse over the decades, to the point now that basically the city of Toronto decides who the government is.  The Liberal party knows this, so they cater to Ontario and use Alberta's money to do it.  Alberta holds no power, but pays all the bills.  Canada is so vast that when elections happen, the new government is announced before Alberta numbers are even counted.  Or any other province, really.

To stay in power, all the Liberals have to do is cater to about 4 or 5 major cities in Ontario & Quebec, so the rest of Canada doesn't matter to them.