🇨🇦 Carney's Fake Wealth Fund: Borrowing at 3.9% to Maybe Make 10%

Ottawa wants you to call it a sovereign wealth fund, but experts confirm it's just a debt scheme with good branding. Real sovereign wealth funds are built from surpluses—Norway's $2 trillion came from oil profits. Carney's $25 billion Canada Strong Fund is borrowed money at 3.9% interest, hoping for returns his Calgary MP claims could hit 10-15%. That's not nation-building, that's leveraged gambling with your tax liability. Even a think-tank that wanted a real SWF calls this a misnomer and compares it to war bonds.

Alberta's Heritage Fund flopped because politicians raided it whenever budgets got tight. Now Carney wants to repeat the experiment federally, with even less fiscal discipline and zero resource revenue backing it. The same government that can't balance a budget or finish a pipeline wants to play investment banker. No details on governance, no clarity on what differs from existing federal agencies, just vibes and a patriotic name.

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