🇨🇦 Carney's phantom wealth fund: borrowing billions to pretend we're rich

Sovereign wealth funds are built with surplus cash. Norway's was funded by oil revenue. Singapore's by foreign reserves. Canada's? Mark Carney announced a $25 billion fund while running a deficit and carrying massive debt. Finance Minister Champagne won't say where the money comes from, just that we'll borrow at favourable rates. Classic. We're creating a national investment vehicle by mortgaging the country further, cosplaying as a sovereign wealth state while hemorrhaging actual sovereignty.

Alberta built a $31.9 billion fund over decades using real oil revenue. Ottawa wants to simulate prosperity by piling on debt for green megaprojects and public-private partnerships, the kind Carney's Wall Street friends will manage and profit from. This isn't wealth accumulation, it's fiscal theatre designed to funnel taxpayer-backed capital into globalist infrastructure plays while future Canadians inherit the bill.

🍁 Maple Chronicles