Sunday, 6 June 2021

The Most Dangerous Canadian Alive

 

Some time ago, after reading Mark Carney’s book: Values Building a Better World for All, I wrote a post in Facebook, and said that Mark Carney was more dangerous that Trudeau. In a brilliant analysis by Peter Forster in the National Post, he confirmed my suspicions; and this is why:

When you have a Pandemic which has ravaged nations and decimated the world economy, it is very easy to say that the government will have a role to play to attempt to get the economy back to normal. Massive amount of debt has been created by certain governments to revive the economy, but too often some ideologues have used government money to further an agenda. In Canada and the United States, we have the perfect tandem of politicians who believe in a socialist ideology, and who are prepared to use the pandemic as a fulcrum to install socialism in North America. In Canada we have a vacuous Prime Minister who has no experience and in the U.S we have senile President who is a puppet whose strings are being pulled by operatives running a third Obama term in office. In this vacuum of leadership is being occupied by some very dangerous cabals who are outside of governments but who also have much influence on the economy.

While everyone is focused on the devastating pandemic, these cabals have taken over and are gradually imposing policies and treaties of a globalist nature. Mark Carney is one of these influencers. He is a former Governor of the Bank of Canada and of the Bank of England. I have respect for his intellect, but his past deeds leave me suspicious, and now in is book he lays down his economic philosophy which in my opinion is much too close to those of Karl Marx and Friedrich Engels. He is also a proponent of the Net Zero concept that believes that human emissions must be eradicated by 2050 unless we face a climate Armageddon. As a result, he also embraces the views of an indoctrinated teenager Grata Thurnberg as if she was a climate expert. I cannot believe for one minute that Carney really believes that Thurnberg is an expert, but that he may just be pandering to her followers for a nefarious economic agenda. As an influencer his comments have the greatest impact on investors with his organization called the Network for Greening the Financial System, a club of central banks and of course environment regulators. As Forster writes: “Part of Carney’s strategy is to force ‘voluntary’ standards on banking and industry, then have governments make those standards compulsory.” His agenda is more perverse than people may think, because he prefers to circumvent democratic institutions. This approach is globalism at its worst. A recent example is upcoming the G7’ ministers’ expected agreement to support a global minimum corporation tax, a move which comes as governments around the world struggle with record levels of public borrowing made during the pandemic. In many ways governments struggle because some of them used the pandemic, not only to combat Covid 19 but to install socialist policies to gain votes and create dependency on governments’ largess.  This agreement, in my opinion, is an attack on a competitive free market. To minimize corporate tax evasion is one thing but to have a global corporate tax is another. A world minimum corporate tax will prevent corporations from choosing where to operate. It will also stop smaller countries like Ireland to be competitive and attract corporations to their jurisdictions. As a result, I believe that the movement of trade and industrial growth in smaller countries will be impeded.

Now having looked briefly at Carney’s philosophy, I say briefly because his lengthy book contains even more dangerous ideas; and we must ask ourselves, is he the most dangerous man around today? In my opinion he may well be. His background and past experience puts him in a very elite circle of influencers, and his strategy to save humanity is just a front to gain power, the same agenda of many transnational progressives like Soros,Bezos, Gates et,al.

I not only worry about the power of influencers like Carney, what really concerns me is that ordinary citizens of the world have no idea what is being concocted behind their backs. Our education system has indoctrinated a whole generation which unfortunately will embrace the proclamations of these globalists without having the ability to critically assess their agendas. As a Canadian, the biggest threat for me is that Carney becomes Trudeau’s successor. If this happens Canada may well move to a future that could be irreversible. As Prime Minister he will have a seat of power among the leaders of the world and create global policies that could entrench socialism in the free world to an extent that would fulfill the once unachievable dreams of Marx, Engels and Lenin

Thursday, 13 May 2021

‘Investment’ the defining issue in the next Calgary Municipal Elections

 

As the number of candidates for Calgary’s Mayoral Seat increases, Calgarians should be very careful in choosing who should be the City’s next Mayor. With a continuing pandemic causing business closures, candidates will now claim that they are ‘pro-investment’ to help the private sector. There is no doubt that businesses need help to recover, but in my opinion the effects of closures have been so great that at least 25% of businesses may never recover. Furthermore, with the collapse of the oil industry we have seen the downtown area suffer in more ways than one. Buildings are empty, and the surrounding area businesses are suffering from the lack of customers. The area is deserted and the safety and security of citizens after dark is now at its lowest point.

As a result of this economic downturn, governments of all levels are now talking about ‘investing’, which in reality means spending tax payers’ money. While I have always supported government involvement in growing the economy, I have preferred a different approach to spending and have supported the use of policies that provides incentives and tax deferral rather than direct subsidies. When government funds businesses it is always a problem in choosing winners and losers. Whereas if government allowed business to invest and provide them with an incentive through reduced taxes or special depreciation incentive, ordinary citizens do not  end up paying  through increase taxation to fund the private industry. The reality is that there is always only one taxpayer. If governments use accumulated surpluses to fund these ‘investment’ it is means that government previously overtax citizens to accumulate these surpluses.

Surpluses should be used to reduced taxes or provide services more efficiently, and not to subsidize private businesses. The Revitalization of Calgary’s downtown, by all three levels of government, is nothing but subsidies to private owners of buildings which may or may not be converted into residential buildings. In fact perhaps only three or four buildings in that area may be converted to residential at great expense. Federal money to fund infrastructure should not be used to refurbish high rise commercial  towers, but rather should be used to improve our roads  and transportation system. This revitalization is proposed to be over ten years, this may or may not happen as the economy changes, and yet Council decided to commits millions of dollars to this project.

The other elephant in the investment room is the Entertainment Center. The City committed to ‘invest’ part of the $500 million earmarked for the project. Already there seems to be some problems due to the rising costs of material and other economic factors which may increase the costs by another $70 million. I never opposed the project but always opposed the financing  model. There is also an added City expenditure for parking in the area amounting to close to $50 million. The agreement provides too little financing from the private organization and puts too much risk on the Calgary taxpayer. Even those who support this type of funding, must realize that even after using their tax money, as users they will still have to pay a ‘ticket tax’ to use the facility. I have always preferred a model that would have used ‘tax free’ municipal bonds’ that would have provided citizens with a means to directly participate in the project and thus reduce the burden of ordinary tax payers.

Many of these expenditures have been approved with little citizen participation; in fact many of these decisions were taken by Council behind closed. Calgarians have demanded more transparency and accountability, and yet when choosing the next Mayor, very few citizens really know who have supported these huge expenditures. Two of the Mayoral candidates, Councillors Davison and Gondek, voted for every expenditure and funding decisions made by Council on these large and expensive projects, and voted for every tax increase imposed in the past four years.  So when candidates tell you that they are ’pro investment’ it really means one thing – more  expenditures and therefore more tax increases to fund similar projects. Do not be fooled by the rhetoric that it will benefit all Calgarians. While the result may be partly to the benefit of some sectors of Calgary, the greater beneficiaries will be the private investors, who will be getting tax payers money to fund their enterprises or revitalization of their buildings.

It is therefore incumbent upon Calgarians to make sure that they know who are supporting these ‘pro investment’ candidates. I venture to say that it will be large corporations, including international ones and private owners who are going to be beneficiaries in one form or another. Do not be fooled by a slick Marketing expert, because it is very easy to sell anything when you use taxpayers’ money and not your own. When you choose your candidate remember that investment really means expenditure and when it is done by the government it always results in more taxes.