Mark Carney to launch bid for the Liberal leadership in Edmonton on Thursday
Carney soft-launched his campaign for the leadership on The Daily Show with Jon Stewart Monday
Mark Carney will launch his candidacy for the Liberal Party leadership at an event in Edmonton on Thursday, according to a notice from Calgary Skyview MP George Chahal.
The former governor of the Bank of Canada and the Bank of England will join Ottawa MP Chandra Arya, Nova Scotia MP Jaime Battiste and Former Liberal MP Frank Baylis, who have already declared, in the race.
"In an era of global challenges, in a time of economic opportunity, Mark Carney has the experience required and the leadership skills needed to meet those challenges and take advantage of the opportunities," Chahal said in an email to supporters.
"Mark Carney is not a career politician; his commitment has been to country, community, faith and family," he added.
The announcement comes two days after Carney seemingly soft-launched his campaign for the leadership during an appearance on The Daily Show with Jon Stewart on Monday evening.
The Liberal Party will choose their next leader — and Canada's next prime minister — on March 9. Hopefuls have until Jan. 23 to declare their candidacy. People can register with the party to vote in the leadership race up until Jan. 27.
Chahal's announcement bills Carney as a Liberal candidate in the mould of Lester B. Pearson, "a great public servant who sought elected office after an accomplished career."
Despite Alberta being a Conservative stronghold, Carney is launching his campaign in the province to draw attention to his roots there — a place where he grew up and went to high school. Carney was born in Fort Smith, N.W.T.
"Growing up in Alberta has instilled in Mark the spirit of hard work and perseverance that unites us all across the province," the Chahal's announcement said. "This background gives him a unique perspective to best represent the interests of all Canadians."
The news comes a day after Innovation Minister François-Philippe Champagne and former B.C. premier Christy Clark each announced they were not running.
ABOUT THE AUTHOR
Subject: Small wonder the Wall Street Jounal now blocks my comments EH Petey Baby Stoffer and Tommy boy Young
To: "MCarney" MCarney@bankofcanada.ca, "MCarney" MCarney@banqueducanada.ca.gov, berkshire@berkshirehathaway.com, jharrison@bankofcanada.ca, dalexander@bankofcanada.ca, cadamirault@bankofcanada.ca, louise.leger@rci.rogers.com, marc@dominion.ca, staff@dominion.ca, nburns@gov.pe.ca, alan.chan@abu.nb.ca, jsclark@auracom.com, brianfer@uoguelph.ca, mcdonough-l@rmc.ca, bmorriso@wlu.ca, louise.lemon@gnb.ca, dmay@morgan.usc.ca, dslade@acoa-apeca.gc.ca, jtuffour@stfx.ca, elizabeth.beale@apec-econ.ca
Cc: "Dan Fitzgerald" danf@danf.net, oldmaison@yahoo.com, "victor. boudreau2" victor.boudreau2@gnb.ca, "Richard Harris" injusticecoalition@hotmail.com, "webo" webo@xplornet.com, "graham@grahamsteele.ca" graham@grahamsteele.ca, rmoir@unbsj.ca, "stoffp1" stoffp1@parl.gc.ca, "tomp. young" tomp.young@atlanticradio.rogers.com
Date: Monday, March 16, 2009, 2:54 PM
Everybody knows why I strongly disagree with Warren Buffett and Mark Carney EH? Small wonder that the Wall Street Journal now blocks my comments in their blogs. Hell most of the big Media dudes except those in New Brunswick News are employed by publiclly held companies. No wonder none of them will ever mention my name or what i did seven years ago. All the greedy bastards are worried about keeping their own damned jobs and pensions as the ecomomy goes into a tailspin. to hell with their fellow common man CORRECT? http://www.newswire.ca/fr/releases/archive/March2009/12/c8088.html TORONTO, March 12 /CNW/ - Gloomy politicians and frightened economists continue to warn that the world could be slipping into another Great Depression. But behind the steady drumbeat of chilling economic numbers and staggering job losses, some of the world's most sophisticated and successful investors are beginning to see signs of hope, and perhaps even the first stages of a turnaround. This week in Maclean's, senior writer Jason Kirby cuts through the confusion and gloom to explain why Warren Buffett, Mark Carney and others are making the case for optimism. For further information: Louise Leger, (416) 764-4125, louise.leger@rci.rogers.com MUCH TO CHUCKY LEBLANC'S CHAGRIN NEED I SAY BULLSHIT ONCE AGAIN??? It certainly appears that I am not alone in that thinking EH? http://en.wikipedia.org/wiki/Warren_Buffett Buffett ran into criticism, [30] during the subprime crisis of 2007–2008, part of the late 2000s recession, that he has allocated capital too early resulting in suboptimal deals. Buffett has called the 2007—present downturn in the financial sector "poetic justice".[31] Buffett's Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his recent deals appear to be running into large mark-to-market losses.[32] Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs at $123[33] only for it to fall to below $60. Furthermore some of Buffett's Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses.[34] The scale of the potential loss prompted the SEC to demand that Berkshire produce, "a more robust disclosure" of factors used to value the contracts.[34] Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas. He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the current crisis in debt and equity markets.[35] In October 2008, the media reported that Warren Buffett had agreed to buy General Electric (GE) preferred stock, when it was trading in the mid 20s of dollar.[36] The operation included extra special incentives: he received an option to buy 3 billion GE at $22.25 in the next five years and also received a 10% dividend (callable within three years). However, shortly after, GE gave up tens of billions in market capitalization and just bounced off a low of $8.80 in February 23, 2009, a price that has not been seen in over a decade. GE's stock price continued to fall after that point, and by early May, for example, it had declined to a 18 year low. Events like these have prompted a wave of criticism against Berkshire Hathaway and Warren Buffett. In February 2009, Warren Buffett unloaded part of Procter & Gamble Co and Johnson & Johnson shares from his portfolio.[37] Some have claimed that there is a financial incentive for Berkshire Hathaway to keep the myth that Buffett is an “oracle” alive and that the company is dependent on the Warren Buffett myth: that exaggerated sense of comfort investors share when it comes to Buffett’s beliefs and recommendations.[38] In addition to suggestions of mistiming, questions have been raised as to the wisdom in keeping some of Berkshire's major holdings including The Coca-Cola Company (NYSE:KO) which in 1998 peaked at $86. Buffett discussed the difficulties of knowing when to sell in the company's 2004 annual report: "That may seem easy to do when one looks through an always-clean, rear-view mirror. Unfortunately, however, it’s the windshield through which investors must peer, and that glass is invariably fogged."[39] In March 2009, Buffett stated in a cable television interview that the economy had "fallen off a cliff... Not only has the economy slowed down a lot, but people have really changed their habits like I haven't seen."[40] Additionally, Buffett fears we may revisit a 1970s level of inflation, which led to a painful stagflation that lasted many years[1]. For the record after I heard enough nonsense on the radio today I called Buffett and Carney's offices again and lots of you people too Correct? trust that you latest president Rob Moir the wannabe NDP MP knows everything but he and his politcal cohorts think I that am not worth talking to EH Graham Steele? http://www.unb.ca/econ/acea/members.html http://www.unb.ca/econ/acea/directory.html Chairman and Chief Executive Officer: Warren E Buffett Berkshire Hathaway www.berkshirehathaway.com 1440 Kiewit Plaza Omaha NE, USA 68131 Phone: 402-346-1400 Mark Carney, Governor of the Bank of Canada Bank of Canada 234 Wellington Street Ottawa, Ontario, Canada K1A 0G9 Telephone: 1 800 303-1282 Whenever I call the number quoted above a voicemail goes through a big spiel about the Fed's website and then simply hangs up so as usual I called Carney's local dudes and his spokespersons for good measure. These federal emploees either played dumb or promptly told me that they only talk to the members of the media non Citizens of Canada. Go figure why I am so pissed off as you read my next emails and study their attachments. Better yet why not call the Rogers and CBC talkshow dudes and talk about what an arsehole I am right after you call your lawyer. Amirault, David Bank of Canada 1583 Hollis St., 5th Floor Halifax, NS B3J 1V4 902-420-4644 David Amirault, Senior Regional Representative (Economics) Monique LeBlanc, Senior Regional Representative (Currency) http://www.bankofcanada.ca/en/media/media_contact.html Jeremy Harrison Senior Communications Consultant, Public Affairs jharrison@bankofcanada.ca Dale Alexander Communications Consultant, Public Affairs dalexander@bankofcanada.ca Telephone: 613 782-8782 ---------- Forwarded message ---------- From: David Raymond Amos noreply-comment@blogger.com Date: Mon, 16 Mar 2009 10:00:48 -0700 (PDT) Subject: [Just Dave] New comment on Harper and Bankers. To: David.Raymond.Amos@gmail.com David Raymond Amos has left a new comment on the post "Harper and Bankers": Just Dave By Location Visit Detail Visit 7,339 Domain Name gs.com ? (Commercial) IP Address 12.47.208.# (GOLDMAN SACHS COMPANY) ISP AT&T WorldNet Services Location Continent : North America Country : United States (Facts) State : New York City : New York Lat/Long : 40.7619, -73.9763 (Map) Language English (U.S.)en-us Operating System Microsoft WinXP Browser Internet Explorer 7.0 Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; (R1 1.1); .NET CLR 1.1.4322; InfoPath.1; .NET CLR 2.0.50727; .NET CLR 3.0.04506.648; .NET CLR 3.5.21022; MS-RTC LM 8; .NET CLR 3.0.4506.2152; .NET CLR 3.5.30729) Javascript version 1.3 Monitor Resolution : 1280 x 1024 Color Depth : 32 bits Time of Visit Mar 16 2009 12:49:22 pm Last Page View Mar 16 2009 12:49:22 pm Visit Length 0 seconds Page Views 1 Referring URL Visit Entry Page http://davidamos.blo...per-and-bankers.html Visit Exit Page http://davidamos.blo...per-and-bankers.html Out Click Time Zone UTC-4:00 Visitor's Time Mar 16 2009 12:49:22 pm Visit Number 7,339 Just Dave By Location Visit Detail Visit 7,340 Domain Name (Unknown) IP Address 206.230.48.# (GOLDMAN SACHS COMPANY) ISP Sprint Location Continent : North America Country : United States (Facts) State : New York City : New York Lat/Long : 40.7619, -73.9763 (Map) Language English (U.S.)en-us Operating System Microsoft WinXP Browser Internet Explorer 7.0 Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; InfoPath.1; .NET CLR 2.0.50727; .NET CLR 3.0.04506.648; .NET CLR 3.5.21022; CPT-IE401SP1; .NET CLR 3.0.4506.2152; .NET CLR 3.5.30729; MS-RTC LM 8) Javascript version 1.3 Monitor Resolution : 1280 x 1024 Color Depth : 16 bits Time of Visit Mar 16 2009 12:53:22 pm Last Page View Mar 16 2009 1:14:04 pm Visit Length 20 minutes 42 seconds Page Views 3 Referring URL Visit Entry Page http://davidamos.blo...per-and-bankers.html Visit Exit Page http://davidamos.blo...per-and-bankers.html Out Click David Raymond Amos http://www.blogger.c...06553336660119659315 Time Zone UTC-4:00 Visitor's Time Mar 16 2009 12:53:22 pm Visit Number 7,340 From: David Amos david.raymond.amos@gmail.com Subject: Fwd: Perhaps Iceland should ask their Ambassador to Canada or your various reps particularly the at Goodmans some hard question EH? To: elee@e-winslow.com, clientservices@e-winslow.com, gset-news@gs.com, GSWebSiteFeedback@gs.com, gs-investor-relations@gs.com, shrrelations@mellon.com, .exsultate@core-net.com Cc: webo@xplornet.com Date: Monday, March 16, 2009, 8:44 AM ---------- Forwarded message ---------- From: "Johnson, Jon" jjohnson@goodmans.ca Date: Mon, 16 Mar 2009 09:52:18 -0400 Subject: Out of Office: Perhaps Iceland should ask their Ambassador to Canada or your various reps particularly the at Goodmans some hard question EH To: David Amos david.raymond.amos@gmail.com My e-mail address has changed from jjohnson@goodmans.ca to jonrjohnson@rogers.com My address and telephone number remain unchanged. My address continues to be 2400 - 250 Yonge Street, Toronto, ON M5B 2M6 and my direct telephone number remains (416) 597-4121. Please use my new e-mail address for all future e-mails. Many thanks. Jon ***************************************ATTENTION *******************************- The information in this e-mail and in any attachments is confidential and intended solely for the attention and use of the named addressee(s). This information may be subject to legal, professional or other privilege or may otherwise be protected by work product immunity or other legal rules. It must not be disclosed to any person without our authority. If you are not the intended recipient, or a person responsible for delivering it to the intended recipient, you are not authorised to and must not disclose, copy, distribute, or retain this message or any part of it. *********************************************************************************- ---------- Forwarded message ---------- From: David Amos david.raymond.amos@gmail.com Date: Mon, 16 Mar 2009 10:52:16 -0300 Subject: Perhaps Iceland should ask their Ambassador to Canada or your various reps particularly the at Goodmans some hard question EH> To: infocenter@mfa.is, jjohnson@goodmans.ca, icecon.winnipeg@utn.stjr.is, jrisley@clearwater.ca, iceconsul@telus.net, j.o.jonsson@cableregina.com, irislana@hotmail.com, benedikt@ucalgary.ca, gord@rentcash.ca, nihm@mts.net, icemb.ottawa@utn.stjr.is Cc: "rae. b" rae.b@parl.gc.ca, "Ignatieff. M" Ignatieff.M@parl.gc.ca, dions1 dions1@parl.gc.ca, webo webo@xplornet.com, "Milliken.P" Milliken.P@parl.gc.ca I just called the following number again when the woman asked my name she told me she wasn't interested and hung up the phone on me me AGAIN? Iceland Embassy , Canada Constitution Square, 360 Albert Street, Suite 710 Ottawa Ontario Canada K1R 7X7 Phone: +1-613-4821944 Fax:+1-613-4821945 Email: icemb.ottawa@utn.stjr.is Website URL: www.iceland.org/ca Your many lawyers must remember this document and the rest of the material that came with it CORRECT? http://www.scribd.com/doc/4304560/Speaker-Iceland-etc BTW I also called Bob Rae and Mikey Levine's associate in Goodman's again Iceland Consulate , Canada Suite 2400, 250 Yonge Street Toronto Ontario Canada Phone:+1-416-9796740 Fax:+1-416-9791234 Email:jjohnson@goodmans.ca ---------- Forwarded message ---------- From: David Amos david.raymond.amos@gmail.com Date: Mon, 16 Mar 2009 10:12:26 -0300 Subject: Re: Information Centre To: infocenter@mfa.is What is your name and why haven't you people learned how to use the phone since last October? On 3/16/09, infocenter@mfa.is infocenter@mfa.is wrote: Dear Mr. David Raymond Amos Thank you for contacting the government of Iceland. Please send us your questions regarding Iceland's economy and we will do our best to answer your questions. Best regards, Information Centre Erindi: How many protests etc do the people in Iceland and around the world participate in before someone acts within the scope of their employment and asks me some ethical questions? Are you waiting to the RCMP and Stevey Boy Harper to get rid of me? May I suggest that someone pick up the damned phone and call me back? 506 756 8687 Veritas Vincit David Raymond Amos BTW In order to protect my butt from crooked bankers and their corrupt cohorts I will publish this email in my blog and elsewhere http://davidamos.blogspot.com/2006/05/harper-and-bankers.html Post a comment: https://www.blogger.com/comment.g?blogID=11475858&postID=114783709674881631&ext-ref=comm-sub-email Unsubscribe to comments for this post: http://www.blogger.com/comment-unsubscribe.g?blogID=11475858&postID=114783709674881631 Posted by David Raymond Amos to Just Dave at Monday, March 16, 2009 Tell me something if ya dare. If Rupert Murdoch's people and folks in Europe are reading my blog in a tranlated form shouldn't you too especially when i am posting this email about you there? http://translate.google.lt/translate?hl=lt&sl=en&u=http://davidamos.blogspot.com/2006/10/martha-stewart-and-me.html&ei=hsC-SfnoD4OZ_ga97Y31Bw&sa=X&oi=translate&resnum=5&ct=result&prev=/search%3Fq%3Dharvardcorp.com%2B%2Binstall%2Bengine%2Bmtu%26hl%3Dlt%26s Just Dave By Location Visit Detail Visit 7,343 Domain Name cgates.lt ? (Lithuania) IP Address 81.29.30.# (TELE2.INTERNET network) ISP UAB Kabeliniai Rysiu Tinklai Location Continent : Europe Country : Lithuania (Facts) State/Region : Vilniaus Apskritis City : Vilnius Lat/Long : 54.6833, 25.3167 (Map) Language English (U.S.) en-us Operating System Microsoft WinXP Browser Internet Explorer 7.0 Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1) Javascript version 1.3 Monitor Resolution : 1440 x 900 Color Depth : 32 bits Time of Visit Mar 16 2009 6:13:20 pm Last Page View Mar 16 2009 6:13:20 pm Visit Length 0 seconds Page Views 1 Referring URL http://translate.goo...%2Bmtu%26hl%3Dlt%26s Search Engine translate.google.lt Search Words harvardcorp.com install engine mtu Visit Entry Page http://74.125.39.132...bokxpVmC4pKJuBec9wKg Visit Exit Page http://74.125.39.132...bokxpVmC4pKJuBec9wKg Out Click Time Zone UTC+2:00 Visitor's Time Mar 17 2009 12:13:20 am Visit Number 7,343 Just Dave By Location Visit Detail Visit 7,328 Domain Name (Unknown) IP Address 206.15.108.# (NEWS CORPORATION) ISP NEWS CORPORATION Location Continent : North America Country : United States (Facts) State : New York City : Bronx Lat/Long : 40.8499, -73.8769 (Map) Language English (U.S.) en-us Operating System Microsoft WinXP Browser Firefox Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US; rv:1.9.0.7) Gecko/2009021910 Firefox/3.0.7 Javascript version 1.5 Monitor Resolution : 1024 x 768 Color Depth : 16 bits Time of Visit Mar 15 2009 2:18:21 pm Last Page View Mar 15 2009 2:18:21 pm Visit Length 0 seconds Page Views 1 Referring URL Visit Entry Page http://davidamos.blogspot.com/ Visit Exit Page http://davidamos.blogspot.com/ Out Click Time Zone UTC-4:00 Visitor's Time Mar 15 2009 2:18:21 pm Visit Number 7,328 Just Dave By Location Visit Detail Visit 7,329 Domain Name (Unknown) IP Address 206.15.108.# (NEWS CORPORATION) ISP NEWS CORPORATION Location Continent : North America Country : United States (Facts) State : New York City : Bronx Lat/Long : 40.8499, -73.8769 (Map) Language English (U.S.)en-us Operating System Microsoft WinXP Browser Firefox Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US; rv:1.9.0.7) Gecko/2009021910 Firefox/3.0.7 Javascript version 1.5 Monitor Resolution : 1024 x 768 Color Depth : 16 bits Time of Visit Mar 15 2009 2:57:11 pm Last Page View Mar 15 2009 2:57:20 pm Visit Length 9 seconds Page Views 2 Referring URL Visit Entry Page http://davidamos.blogspot.com/ Visit Exit Page http://davidamos.blo...ankee-arseholes.html Out Click Time Zone UTC-4:00 Visitor's Time Mar 15 2009 2:57:11 pm Visit Number 7,329
Carney sets up leadership run as Clark, Champagne bow out
Teasing a Liberal leadership bid, Mark Carney talks change, economy with The Daily Show
'In a situation like this, you need change. You need to address the economy,' Carney tells Jon Stewart
Mark Carney appeared on The Daily Show with Jon Stewart on Monday to talk about what kind of Liberal leadership candidate he would make, Conservative Leader Pierre Poilievre and the economic threat Canada faces from the incoming Trump administration.
During the interview, Stewart tried several times to get the former governor of the Bank of Canada and the Bank of England to formally announce his candidacy in the race to succeed Prime Minister Justin Trudeau, but Carney coyly leapt over those hurdles.
"Sir, may I recommend to you, with your charm and debonair wit, yet strong financial backbone, that you offer yourself as … have you offered yourself as leader," Stewart said.
Carney joked back that he "just started thinking about it" when Stewart brought it up.
Stewart said that should he win the race, he would struggle to secure victory for the incumbent Liberals because he would be saddled with the policies of the last decade.
"Let's say the candidate wasn't part of the government. Let's say the candidate did have a lot of economic experience. Let's say the candidate did deal with crisis. Let's say the candidate had a plan to deal with the challenges in the here and now," Carney said.
"You sneaky; you're running as an outsider," Stewart said.
"I am an outsider," Carney replied.
Stewart held up a side-by-side picture of Trudeau and Poilievre and suggested the Conservative leader looked "like a villain in a Karate Kid movie, there is something very off-putting," before asking Carney what Poilievre is like in person.
"You're not far off," Carney replied, adding that Poilievre is the "type of politician who tends to be a lifelong politician," who worships the market despite having never worked in the private sector and who sees "opportunity in tragedy to push an agenda."
In discussing Trudeau's decision to step down so the Liberal Party could hold a leadership race, Carney said changing leaders gives the party "a chance" to win the next federal election.
Trump tariffs and being absorbed by the U.S.
Stewart suggested that a number of Liberal cabinet ministers have said they are not going to run for the Liberal leadership because "they fear the headwinds in this election."
Carney defended members of cabinet — including Foreign Affair Mélanie Joly, Finance Minister Dominic LeBlanc and Labour Minister Steven MacKinnon — for deciding not to run.
"They are not running, in part because there's a crisis right now because of the threat of the Trump tariffs," Carney said. It's "country before party and personal ambition — and it's absolutely right."
President-elect Donald Trump has promised to impose 25 per cent tariffs on all Canadian imports when he assumes office unless Canada enacts measures to tackle illegal immigration and drug smuggling into the United States
Mark Carney - Canada Not Interested in Trump’s Offer & Liberal Leadership Prospects | The Daily Show
8,249 Comments
When it comes to tariffs, Carney said, "we have to prepare for it," and pointed out that if the United States does not import crude oil from Canada, its next best option is Venezuela
Asked what Canadians make of Canada becoming the 51st state, Carney said: "Bottom line: it's not going to happen, due respect."
"We find you very attractive, but we're not moving in with you. It's not you, it's us," Carney said, adding that Canada and the U.S. can instead "be friends with benefits … but we're not gonna commit all the way."
Those benefits, Carney said, include trade and defence.
Carney on the economy and the carbon tax
"I think in a situation like this you need change. You need to address the economy. We've got an economic crisis because of what Mr. Trump is about to do, or saying he is about to do. We also have challenges in housing, cost of living," he said. "We need to get the economy moving."
Carney said that Canadians have suffered under inflation, that wages have not kept pace with inflation, housing is expensive and there is a broad concern about the coming Trump tariffs.
"And truth be told, the government has been, not as focused on those issues as it could be," he said. "We need to focus on them immediately; that can happen now, and that's what this election is gonna to be about."
Carney was asked if being left holding the "carbon-tax bag" will make running to be prime minister more difficult than it will be for Poilievre.
The former central banker said it's important for Canada to make sure we're addressing climate change, and that Canada is "doing our bit, making our companies more competitive," because after Trump leaves office, the U.S. is probably going to "care about it again."
When that time comes around, Carney said Canada needs to be in a position where it cares about climate change and has done something about it.
"But we need to do it in a way that Canadians today are not paying the price," he said, without defending the carbon tax or pledging to keep the policy.
"The vast majority of our emissions in Canada come from our industry," Carney added. "In fact, almost 30 per cent of our emissions in Canada come from the production and shipment of oil to the United States."
Part of tackling climate change in Canada is "cleaning that up, getting those emissions down, more than changing, in a very short period of time, the way Canadians live," Carney said.
Conservative Deputy Leader Melissa Lantsman issued a statement in response to the appearance, saying that Carney is a "just-like-Justin insider," who is trying to "convince Canadians that he is not responsible for the policies that he and Justin Trudeau forced on Canadians."
As a longtime liberal insider, adviser and chair of Justin Trudeau's so-called Leader's Task Force on Economic Growth, she called Carney "the furthest thing possible from an outsider."
"Carbon Tax Carney is a hypocrite. He can't hide from the truth. He's just like Justin," she said.
ABOUT THE AUTHOR
Letters to the editor, Jan. 12: ‘If Mark Carney chooses to run for the leadership, all of us in Canada would be blessed’
Former Bank of Canada governor Mark Carney speaks to reporters at the Liberal caucus retreat in Nanaimo, B.C., on Sept. 10, 2024.DARRYL DYCK/The Canadian Press
Liberal leaderboard
Re “Chrystia Freeland, Mark Carney poised to enter Liberal leadership race” (Jan. 10): When I lived in Edmonton, my husband and I were good friends with Bob and Verlie Carney. This friendship was everlasting.
It was a privilege for our family to be friends with the Carneys. Bob and Verlie valued family, integrity, education, love of country. They had a giving spirit, recognizing their own good fortune and taking opportunities to give back to those most needy.
They installed their good values in their four children, their second son being Mark. When he was growing up, everyone said Mark was the smartest kid in the country, and probably still is.
What we need now is someone who can stand up to Trump. If Mark Carney chooses to run for the leadership, all of us in Canada would be blessed.
Bring Mr. Carney in now to head U.S. trade negotiations. He has a brilliant mind and, yes, like his father, he loves this country.
Billie Purcell Toronto
Within minutes after his resignation announcement, speculation about a successor to Justin Trudeau achieved full steam.
But I see a problem with almost everyone named so far: They have been part of the degraded Trudeau regime. For my part, I long for parties with leaders of moral integrity who can help renew our country by renewing the political life of Canada.
For the https://x.com/christyclarkbc/status/1877905200356430003Liberals, only one name comes to my mind: Jody Wilson-Raybould
If the Liberals could achieve such a feat, I would hope that the Conservatives could also renew their party with a new leader of similar moral integrity, to complete a renewal of Canada at its political core.
Archie Pell New Westminster, B.C.
https://www.youtube.com/watch?v=AuCWRs81Urw
To: "
Sent: Tuesday, January 14, 2025 9:50:56 AM
Subject: Re: How to survive “The Great Taking”
To: "Erik Andersen"
Sent: Monday, January 13, 2025 7:17:48 PM
Subject: Fw: How to survive “The Great Taking”
Date: On Monday, January 13th, 2025 at 9:41 AM
Good morning!Below is a copy of David Webb's book, "The Great Taking" , and some proactive ideas, going forward.Wishing you the best,Sent with Proton Mail secure email.------- Forwarded Message -------
From: The Expose <donotreply@wordpress.com>
Date: On Monday, January 13th, 2025 at 9:30 AM
Subject: How to survive “The Great Taking”
The Expose How to survive “The Great Taking”
By Rhoda Wilson on January 13, 2025
"The Great Taking" is a plan by central bankers to confiscate all securities, bank deposits and debt-financed property, as revealed by former hedge fund manager David Webb.
The plan involves exploiting the global debt accumulation super cycle, rehypothecation of assets, and the centralisation of control over financial institutions.
To survive "The Great Taking", Nick Giambruno suggests people should aim to be debt-free and own unencumbered assets within their direct control, avoiding fiat currency in bank accounts and unsecured liabilities.
Let's not lose touch...Your Government and Big Tech are actively trying to censor the information reported by The Exposé to serve their own needs. Subscribe now to make sure you receive the latest uncensored news in your inbox...
How To Survive “The Great Taking” in 2025
It’s a “scheme of central bankers to subjugate humanity by taking all securities, bank deposits, and property financed with debt.”
David Webb, a former hedge fund manager, and Wall Street insider, has blown the lid off a diabolical plan more than 50 years in the making in a shocking new book. He calls it 'The Great Taking'. I consider it an urgent must-read (available for free HERE).
Here’s the synopsis (emphasis mine):
It is about the taking of collateral (all of it), the end game of the current globally synchronous debt accumulation super cycle.
This scheme is being executed by long-planned, intelligent design, the audacity and scope of which is difficult for the mind to encompass.
Included are all financial assets and bank deposits, all stocks and bonds; and hence, all underlying property of all public corporations, including all inventories, plant and equipment; land, mineral deposits, inventions and intellectual property.
Privately owned personal and real property financed with any amount of debt will likewise be taken, as will the assets of privately owned businesses which have been financed with debt.
If even partially successful, this will be the greatest conquest and subjugation in world history.
Private, closely held control of ALL central banks, and hence of all money creation, has allowed a very few people to control all political parties and governments; the intelligence agencies and their myriad front organisations; the armed forces and the police; the major corporations and, of course, the media. These very few people are the prime movers. Their plans are executed over decades. Their control is opaque.
To be clear, it is these very few people, who are hidden from you, who are behind this scheme to confiscate all assets, who are waging a hybrid war against humanity.
Webb shows how the dark forces behind central banking have spent the last 50 years meticulously putting the legal structures in place worldwide to sever property rights for securities.
Gone are the days of physical paper share certificates and bearer securities, where you had control and ownership of the asset.
Today, your control and ownership have become increasingly distant as stocks, bonds and other investments have been centralised away from account holders and rehypothecated - a slimy practice where financial institutions reuse an account holder’s asset for their own purposes, creating multiple claims on the same asset.
Contrary to what most brokerage account holders believe, they only have the appearance of ownership. If their broker goes bust, the stocks and bonds they think they own will be used to satisfy the other more senior creditors of their broker.
Webb shows how, during the 2008 financial crisis, a small broker in Florida went bankrupt. Instead of sending the clients’ securities to another broker, as had traditionally been the case, they were swept up by the bankruptcy receiver.
But it’s not just some isolated small broker.
The bankruptcy of Lehman Brothers set the case law precedent for secured creditors to take client assets in the case of insolvency.
The most senior secured creditors are the most powerful financial institutions closest to the central banks - JP Morgan, BlackRock, Goldman Sachs, etc.
The net effect of The Great Taking will be the biggest centralisation of money and power in history as they take everyone’s securities during a future crisis. Though it’s not just securities, they will also take ANY asset financed by debt - like real estate, cars and small businesses - as people become unable to service their debts.
Webb provides all the details and proof in his book. Here’s the bottom line.
The most powerful people in the world have succeeded in subverting the property rights of securities and ensnaring most of the world with debt.
The trap has been set, and the legal plumbing is in place.
All that is needed is a big crisis that will cause a tidal wave of bankruptcies and the hidden forces behind the world’s central banks will be able to take everyone’s stocks, bonds and any property financed by debt.
All the assets people think they own in brokerage accounts, bank accounts, pensions and other financial accounts could vanish overnight.
Webb says, “There will be a game of musical chairs. When the music stops, you will not have a seat. It is designed to work that way.”
The Coming Collapse Is by Design
Webb makes a compelling case that the next financial crisis won’t be an accident; the global elite are making it happen to proceed with The Great Taking. In short, it’s not plausible that such an intelligent, deliberate plan executed with persistence for more than 50 years could happen by accident.
Further, the forces behind central banking and (fake) money creation undoubtedly understand the dynamics of the boom-bust cycle they create by expanding and contracting the money supply. They know the Everything Bubble they created will lead to a massive bust. That’s when they will execute The Great Taking.
Further, consumer debt is at record highs. After many years of being encouraged to go deeply into debt, many Americans have reached their maximum debt saturation. They will be ripe for the picking. As Webb explains:
“Debt is not a real thing. It is an invention, a construct designed to take real things.
The bottom line is that debt has for centuries had the function of dispossessing, of taking away property, capital and investments from someone.”
What You Can Do About It?
Nobody knows the future or how The Great Taking will play out. The best you can do is to make yourself a hard target and not be among the low-hanging fruit.
You can do that by being debt-free and owning unencumbered assets within your direct control.
You don’t want to own something that is simultaneously someone else’s liability. That’s because the legal structures are already in place to take it from you during the next crisis. Crucially, this includes fiat currency in bank accounts.
Remember, fiat currency is the unbacked liability of a bankrupt government. Further, once you deposit currency into a bank, it is no longer yours. Technically and legally, it is the bank’s property, and what you own instead is an unsecured liability of the bank.
As The Great Taking unfolds, you won’t want to be on the other end of unsecured liabilities or IOUs of any kind.
I believe The Great Taking could happen sooner than most realise - and it won’t be pretty for many. Most people have no idea how bad things could get - or how to prepare. That’s why I’ve published a detailed guide called ‘The Most Dangerous Economic Crisis in 100 Years: The Top 3 Strategies You Need Right Now’. Click here to download the free PDF.
About the Author
Nick Giambruno is a renowned speculator and international investor known for his expertise in identifying geopolitical and economic trends. He specialises in finding lucrative investment opportunities in overlooked markets and advises on reducing political risks through international diversification.
He is the founder of The Financial Underground, a platform dedicated to uncovering truths about money and markets. He frequently speaks at investment conferences worldwide and has been featured in various publications including The Economist, Forbes, Zero Hedge and MoneyWeek.
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The Expose
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Automattic, Inc.
60 29th St. #343, San Francisco, CA 94110
From: Erik Andersen
Date: Tue, Jan 14, 2025 at 3:32 PM
Subject: Fwd: A CMHC page was shared with you
To:
To: Erik Andersen
Sent: Tuesday, January 14, 2025 11:21:58 AM
Subject: A CMHC page was shared with you
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AVIS: Le présent message, incluant toute pièce jointe, est confidentiel, protégé par des droits d'auteur et peut contenir des renseignements privilégiés. L'utilisation ou la communication non autorisée de ces renseignements est interdite.
Data for Total Outstanding Debt, Schedule Payment and Financial Obligations by Canada and small, medium and large Census Metropolitan Areas can aid with research. This adapted Equifax data is displayed by mortgages, HELOCs, lines of credit, auto loans, credit cards and all other credit.
Quarterly housing finance research is available from 2019 to 2024. Economists, housing finance researchers, mortgage and financial specialists can use this table for their research and analysis.
- Author:
- CMHC
- Document Type:
- Excel
- Date Published:
- December 23, 2024
Note: In January 2023, we saw an unusual increase in the total outstanding mortgage balances for the third quarter of 2022 compared to previous quarters. We removed the Mortgage and Debt Data tables in question from our website in the same month to investigate.
We discovered differences in the way financial institutions are reporting their mortgage data to Equifax. This impacts the figures related to outstanding mortgages like the number of trades, number of consumers, HELOCs and installment loans.
Data tables from 2019 to 2022 have been revised.
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From: Erik Andersen
Date: Tue, Jan 14, 2025 at 6:16 PM
Subject: Fwd: Our World in Data
To:
To: Erik Andersen
Sent: Monday, January 13, 2025 12:36:13 PM
Subject: Our World in Data
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From: Erik Andersen
Date: Mon, Jan 13, 2025 at 10:24 AM
Subject: Re: Our interview
To: David Amos <david.raymond.amos333@gmail.com>
To: "Erik Andersen"
Sent: Sunday, January 12, 2025 8:22:43 PM
Subject: Re: Our interview
Thursday, 9 January 2025
The plot thickens
Carney pledges 'no bailouts'
Carney on regulationBank of Canada governor Mark Carney says he wants to reform global financial rules to ensure that no banks can become large enough that they'd threaten the global economy.
"I'm saying no bailouts," Carney told the CBC's George Stroumboulopoulos in a recent interview. "The objective [is] ending 'too big to fail'."
Carney was recently named head of the Financial Stability Board, a recently formed international agency with a mandate to oversee the international financial system. In the interview, he says the goal is to bring global rules closer to Canada's model.
"We're going to change the rules so the system as a whole is more resilient," he said. "If a big global bank fails, the system goes on. [Just] that company goes away.
Some of the rules will be changes to capital ratios. The ultimate goal, Carney says, is to ensure that the financial system works like any other industry. "If you succeed you get rewarded but if you fail, you fail and the rest of the economy goes on," he said.
While he says the U.S. decision to bail out a number of banks in 2008 was "absolutely" the right decision at the time, he doesn't want to see a repeat.
"If you make a mistake, you go out of business," he said.
Banks got $114B from governments during recession
Support for banks 'more substantial than Canadians were led to believe': CCPA report
An
analysis by CCPA senior economist David Macdonald found that Canada's
major lenders were in a far worse position during the downturn than has
ever been previously believed. Canada's biggest banks accepted tens of billions in government funds during the recession, according to a report released today by the Canadian Centre for Policy Alternatives.
Canada's banking system is often lauded for being one of the world's safest. But an analysis by CCPA senior economist David Macdonald concluded that Canada's major lenders were in a far worse position during the downturn than previously believed.
Macdonald examined data provided by the Canada Mortgage and Housing Corporation, the Office of the Superintendent of Financial Institutions and the big banks themselves for his report published Monday.
It says support for Canadian banks from various agencies reached $114 billion at its peak. That works out to $3,400 for every man, woman and child in Canada, and also to seven per cent of Canada's gross domestic product in 2009.
The figure is also 10 times the amount Canadian taxpayers spent on the auto industry in 2009.
"At some point during the crisis, three of Canada's banks — CIBC, BMO, and Scotiabank — were completely under water, with government support exceeding the market value of the company," Macdonald said.
"Without government supports to fall back on, Canadian banks would have been in serious trouble."
During October 2008 and June 2010, the banks combined to report $27 billion in profits on their balance sheets.
CMHC mortgage program aided banks
One of the most well-known ways in which policymakers helped the banks during the crisis is through a $69-billion CMHC program whereby the housing agency took mortgages off the balance sheets of big Canadian banks. In contrast with other support facilities, all of the funds granted by the CMHC were through selling assets (in this case mortgages) to the housing agency. They were not funds that had to be paid back.
The CMHC has provided the aggregate total of how much was given out, but has yet to release specifics on which banks sold how much to them, and when, the CCPA says.
When asked for comment in reaction to the CCPA report, the Canadian Bankers Association noted that the $69 billion that Canada's big banks sold into the CMHC program is in fact only 55 per cent of what was allocated for the program.
"Many of the mortgages were already insured and therefore, created no additional risk for the government," the CBA noted in an email to CBC News. The CMHC estimates that by the time the program is wound up, it will have generated $2.5 billion in profit as those mortgages are paid off, the bankers' group noted.
Calling the CCPA report "completely baseless," Department of Finance spokesperson Chisholm Pothier noted that the mortgage program has already generated more than $1.2 billion in net revenues for the CMHC's coffers.
But Canadian lenders also dipped into a program set up by the U.S. Federal Reserve aimed at providing cash to keep American banks afloat. CIBC and BMO took almost $3 billion each out of the fund, RBC and TD took out $8 billion and Scotiabank drew down almost $12 billion, the CCPA report found.
That data came from the U.S. Federal Reserve, which released it publicly. But Macdonald's analysis found that Canadian banks got a comparable amount — $41 billion — from Bank of Canada facilities, an agency that has been far less transparent in sharing information.
"Despite Access to Information requests for the data, the Bank of Canada refuses to release it," the CCPA report states.
"The federal government claims it was offering the banks 'liquidity support,' but it looks an awful lot like a bailout to me," says Macdonald. "Whatever you call it, Canadian government aid for the country's biggest banks was far more indispensable than the official line would suggest.
"The support for Canadian banks was much more substantial than Canadians were led to believe," Macdonald said.
The Canadian Bankers Association disputes the notion that the funds in question were any sort of bailout, arguing they were routine transactions aimed at keeping the financial system liquid.
"These funding measures were put in place to ensure that credit was available to lend to businesses and consumers to help the economy through the recession," the CBA said. "These funding measures were not put in place because banks were in financial difficulty."
Since the start of the recession, the CBA notes 436 U.S. banks have failed. No Canadian financial institution went under, but Canada's banking sector was hit by an overall crisis of confidence in the banking sector that caused some of the banks' normal lending sources to dry up, the CBA says.
Canadian banks get about two-thirds of their funding from consumer and business deposits, but the other third comes from credit markets.
"It was these markets that were seizing up. Funding was less available," the CBA says. "Canadian banks continued to lend and increased their lending after some non-bank lenders pulled out of the Canadian market."
While some of the funding came from government sources such as the Bank of Canada, the bankers' association points out that the central bank itself says Canadian banks needed less official central bank liquidity support than their foreign counterparts.
"The credit was extended at competitive interest rates to protect taxpayers," Pothier said. "Financial institutions accepting this credit paid interest on the loans."
To show the scale of the funding, the CCPA report contrasted the total value of the support Canadian banks took against the bank's total value at the time. Under that comparison, CIBC received $21 billion in support — almost 1.5 times the value of the company at the time. BMO maxed out at $17 billion or 118 per cent, Scotiabank peaked at $25 billion or 100 per cent of its value, while TD and RBC maxed out at $26 billion and $25 billion — good enough for 69 and 63 per cent, respectively, of the total value of those companies at the time.
"It would have been cheaper to buy every single share in these companies," Macdonald said.
But the CBA disputes those numbers too, saying comparing a bank's value to the level with which it participated in a liquidity program aimed at boosting confidence in the market is "an apples to oranges comparison as the two factors are not at all related."
"The Oxford dictionary defines bailout as 'financial assistance to a failing business or economy to save it from collapse," the Canadian Bankers Association noted.
"That definitely was not the case here: not one bank in Canada was in danger of going bankrupt or required the government to buy an equity stake under taxpayer-funded bailouts."
External Links
From: Erik Andersen
Date: Sat, Jan 11, 2025 at 3:03 PM
Subject: Fwd: Our interview
To:
No worries, thanks.I imagine you are very busy but if have a little quiet time I recommend the the book by Yanis Varoufakis titled "Adults in the Room". His description of the financial chaos in 2008 helps your understanding the fragility we now are sensing. Cheers ErikHello ErikI'm very sorry for the late reply, I have been extremely busy. Feel free to share this. It was a great episode for me as I learned a lot from you.All the best,Peyman
https://youtu.be/YaYz9MXTJCg?
2 Comments
3 Comments
From: Vlad Tepes <donotreply@wordpress.com>
Date: Tue, Jan 14, 2025 at 10:01 PM
Subject: A few items about Mark Carney
To: <david.raymond.amos333@gmail.com>
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