Petro Canada - Pierre Elliott Trudeau Ripped Off Canada
Carney launches a sovereign wealth fund
- Thread starter Driller69
- Start date
you do not have a loose clue
the liberals under a former Goldman Sachs Investment banker are going to borrow more public money and invest it
a former Goldman Sachs Investment banker who hid his investments from the public
that is a huge red flag
You mean the government was making money from it?
The way Norway made $1 trillion through theirs?
Government has not had a surplus since Steven Harper was Prime minister
Of course they will be borrowing the initial endowment of $25-billion.
$25 B * 3.5% = $ 875 MM in incremental interest cost per year
on top of
note: "Initial endowment'' >>>> the fund will be require additional funding
Where will that come from?
Will Carney comingle private investment funds with Public investment Funds ?
A sovereign wealth fund make sense if the government runs continued surpluses
A sovereign wealth fund when the government runs continued deficits is LEVERAGE and risk taking with the public purse
Government has no business taking risk with taxpayers money
This will end very badly for the Canadian public
One week he's telling Canadians he's making life more affordable, then next week he's asking you for money for investments.
Come on now.
Come on now.
Both can happen at the same time. Some affordability issues like housing and expensive air travel is due to chronic underfunding on infrastructure, an issue that our governments in the 90s and 2000s kicked down the road for future generations to deal with, due to budget issues at the time. Well, we are in the future. We are dealing with it. Something like a soverign wealth fund could help in garnering more private investments towards these projects. There is no easy way out unfortunately. It's just a lot of time, money, and sacrifices.
We have no fucking money!!!!!
that’s why it’s all underfunded. All we are doing now is subsidizing big corps.
This is just another example of mismanagement by the federal liberals and anyone comparing this to what Norway did, has zero clue about this. First off, Norway funded this with monies made off of the North Sea oil sales. Second, they didn't reinvest back into their own country, creating a false economy loop. If you look at what Carney is proposing you would condemn this fund. He states resources and infrastructure, among other things, but it's also tied into his net zero agenda. Making sure there are billions of our dollars tied up in a losing strategy, so there's no way out. Oh, and that's where Brookfield and his bottom line come in.
The Charlatan strikes again.
The Charlatan strikes again.
The CPP is worth $780 Billion in net assets. If Carney follows Paul Martin's formula the CSWF could be just as profitable.
The should give Larue plenty of time to fart in the tun again.
The should give Larue plenty of time to fart in the tun again.
Reminds me of a statement I made years ago during Trump's first term in office. If Trump were to find a cure for cancer people would start to support cancer.
The difference is, Trump is a cancer.
Canada's Carney launches a sovereign wealth fund. What is it?
Canada's Carney launches a sovereign wealth fund. What is it?
The fund - which Canadians can invest in directly - will help pay for major infrastructure projects in the country, the prime minister says.
www.bbc.com
Canada's national debt just before Trudeau took office in late 2015: $616B
Canada's national debt at end of 2025: $1.44T
That is a meteoric rise in one decade. 134% increase to be precise. Absolutely disgraceful.
And before you go say that Harper increased the debt significantly so I'm being a hypocrite here are the #'s under his tenure as PM:
Canada's national debt end of 2005: $467B. In the 10 years under Harper (including a global financial crisis) it went up $150B or 31.9%.
Canada's national debt at end of 2025: $1.44T
That is a meteoric rise in one decade. 134% increase to be precise. Absolutely disgraceful.
And before you go say that Harper increased the debt significantly so I'm being a hypocrite here are the #'s under his tenure as PM:
Canada's national debt end of 2005: $467B. In the 10 years under Harper (including a global financial crisis) it went up $150B or 31.9%.
Another ponzi scheme Using tax payers money as his own piggy bank. Makes it easier to steal. Put your money there afree a while we’re sorry your investment failed, now you have nothing,only thing he’ll gonna invest in is his retirement savings.
We don't have money now because a ton of government spending now is based around a world that doesn't exist anymore, where 5% annual GDP growth and production efficiencies grew by leaps and bounds.
call it how you want, we don’t have it.
Stop listening to these globalist that keep telling you it’s ok to continue spending. Last guy that told you it’s ok to spend ran off and is now fucking Katy Perry.
