IMF

IMF

The International Monetary Fund (IMF) works to achieve sustainable growth and prosperity for all of its 191 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being. The IMF is governed by and accountable to its member countries. 

-       IMF, What is the IMF

 

City lobbyists have been out in full force, warning the government that higher taxes could force banks to throttle lending, hitting the economy and even forcing some lenders to move jobs and operations abroad.

-       Target pensions or welfare, not banks, IMF tells John Healey, Guardian

 

By Gregg Wall (10-17-2026)

 

For those knowledgeable about the IMF, this story may sound familiar; for those unfamiliar with the IMF, you’re not alone, but now is a really good time to get to know this institution.  

The IMF monitors nation-state finances and often gets involved before and after a financial crisis hits.  It is dominated by the United States.  Some have called the IMF an enforcer for multinational Western banks & capital and a tool in the service of debt, exploitation, and subjugation.  While others - banker types & the establishment – argue, via proactive monitoring and guidance, the IMF ensures growth, financial harmony, and free trade between nation states. The IMF is called the “lender of last resort.”  In that regard, think of the IMF as a Federal Reserve or central bank for nation-states and the global economy.  A life preserver, if you will, for a top-down economic model. 

The reason everyone should get to know the International Monetary Fund (IMF) better is because nation-states, particularly Western nations, are up to their eyeballs in national debt.  A growing fiscal crisis has set off austerity, economic malaise, riots, subpar economies in many nations, as social services are cut and taxes are raised on the public, but not on corporations and the extremely wealthy.  We can see some of the fallout in France presently, with students in the streets, and growing public demonstrations everywhere against the rollback of state services and a seven years long affordability crisis.  Historically, we often hear of the IMF’s ministrations within Global South countries, but I fear we are going to be hearing about IMF involvement and budgetary takeovers within Western democracies and increasingly so.  Usually, the IMF steps in over matters concerning balance of payments, capital flight, devalued currency, explosive growth in government spending, unsustainable debt & deficits, tax avoidance … all with debilitating impact upon an economy.  The IMF will often offer a bailout or debt relief, conditionally upon neoliberal reforms, cracking down on labour and social services, austerity, cutbacks to state service.  

Notice, all IMF reforms are a direct attack on families, citizens on the margins of society, labour.  Notice, the IMF never suggests taxing the wealthy, the powerful, the rich, who have often looted republics (via crony government and crony economy, in the run up to the crisis, banana republic - style).  Notice, the IMF insists upon control, fiscal domination, and necro-neolib reforms in exchange for financial assistance to the state in crisis; but, notice again, when politicians are giving money away to bankers, multinationals, war contractors… in the name of illusory growth, "national interest," & purported preservation of jobs…  in the run up to the crisis, there are no similar terms, conditions, and claw back features for bailouts and welfare.  Notice, there is no continuous analysis and accounting as to whether not the actual promised economic growth and jobs growth materialize, when politicians and the rich collude to steal taxpayer money.  The IMF has no similar restraint and reservations, about holding the looted, troubled state accountable, in exchange for IMF assistance, that is the government is subject to continuous economic metrics and scrutiny.   (An IMF hostile takeover is as if JP Morgan or Barclays… evil bankers… have descended upon the U.S. Congress and Parliament in the UK and grabbed the power of the purse.)  Observe, there is no holding the politicians and oligarchs responsible for the crisis accountable, only the citizenry pays the price and we quickly see why the IMF is called the enforcer for capital and greed.  Please observe further, IMF reforms and currency devaluation often bring about an even greater crisis & hardship upon the citizenry, greater poverty & suffering, and subject the country to further looting of public assets & privatization scams by international bankers, oligarchs, and private equity, so loans can be paid off.  That’s because the IMF is looking out for banksters, bondholders, capital, and greed.  We can also point out, there’s no IMF equivalent looking out for labour, the public, ensuring living wages, crushing outrageous Wall St greed and outrageous wealth transfer and inequality, nor fighting against concentrated wealth, power, and monopolies.  Why is that? 

At issue in the UK: After 46 years of Reagan and Thatcher, supply-side neoliberalism, and trickle-down tax cuts for the rich… entirely predictable, many Western nation-states find themselves tapped out, deep in debt.  Credit markets have noticed and bond yields, the cost to borrow, are soaring.  Today, we’ll focus on the UK and PM Burnham, who has acknowledged that neoliberalism has failed the UK and has called for greater social spending to address decades of harm, more in line with Keynesian economics.  Wealth and wage inequality, where private and public resources are syphoned off to a growing and worrisome oligarchy and behemoth banks and multinationals, are highly damaging to economies and a key source of civil unrest. 

In the UK, the Chancelor of the Exchequer (in the US we call this the Treasury Secretary) had dialogue with our friends at the IMF.  Mr. Healey let it be known that the British government is interested in raising taxes on the large banks to end austerity and begin rebuilding the social state, in line with PM Burnham’s proposals.  

The IMF response was altogether predictable: taking the side of antagonistic & inharmonious capital and greed, it recommended class warfare.  That is don’t tax the rich, instead slash and burn public services, austerity for the public first, higher taxes upon “the poors.”  The IMF, predictably, repeated the same Thatcher lies.  To wit, higher taxes on the top could be harmful to growth, lending, and the economy.  Banks, themselves, opined (even Jamie - Bailout Queen - Dimon) and as billionaires frequently do, threatened to move jobs and operations… the typical behavior we’ve come to expect from greed, CEOs, oligarchs, and capital.  As noted in the Guardian, when it’s time to bailout these institutions & oligarchs with public money, the government bends to banker/oligarch will, the entire banking crisis is paved over with a tidal wave of taxpayer cash, and in the case of the US, no accountability or responsibility are ever assessed or assigned.  In fact, many of the culprits grow richer from the bailout itself.  That is, the rich grow obscenely rich and the bottom 90% pay for welfare for the rich with austerity, lower real wages, wage slavery, soaring prices, and higher taxes (see Trump’s tariff taxation).

So, banks, billionaires, and the IMF … and this true throughout the West… believe society is something to prey upon, something to feed off, like a vampire, but when it comes time to support children, families, and society this greed collective shuns any all responsibility (despite making huge profits).  Keep in mind, these banks make their money by creating money/currency out of thin air and charging usurious rates… any chimpanzee can do it.  I don’t want to belabor the point, but we all need to get the know the IMF better, because not only does the IMF offer advice but it takes over the fiscal and tax affairs of nation-states, like Greece after the 2008 crisis and Goldman Sachs sold some curious derivatives that obscured Greek debt (until it could be obscured no more).  What’s the old saying?  Baby, you may not do politics, but politics ultimately will do you.  To that adage we could add:  Baby, you may not do the IMF, but IMF will surely do you and then some.  Except for the rich and bankers of course… magically, they’re off limits. 

Before I close, it’s not just banks and billionaires… monopolies have huge power over nation-states and governments.  Screaming all manner of insanity about growth, the economy, threatening to exit a country if their every whim is not met, and doing incredible damage to economies, creating abject inequality and economic calamity for families, labour, social cohesion, children, and the future with their greed-first ideology. 

So, what’s to be done?  Nationalization is one immediate solution.  The State could set up its own bank or set up retail and commercial lending at the central bank, the BOE.  Take a metaphorical chainsaw to the private sector and greed, especially on something so essential as banking.  I’ve long argued that any essential goods and services have no business being in the hands of capital and greed, as it immediately lends itself to rabid exploitation and moral hazard.  A government willing to set up banking services could cut the legs out from under the private sector and tell them, they better leave the UK.  The casino most of the larger banks have become are often more of a liability and a distraction from the real economy, that is to say, far more trouble and risk than they are worth.  A state bank would also be far better conduit for accommodative, expansionist, and restrictive monetary policy, than the private sector.  What we see from bankers, billionaires, CEOs running essential goods and services is pure conceit, that is the power mad arrogance of bankers and the oligarchy are entirely out of control.  Nation-states can fight the battle alone or better still, they can collude, gather as a unified front against corporate power & greed’s tyranny.  Imagine the EU beefing up their tax collection services to include armies of tax attorneys and accountants to run down billionaires offshore, Bermuda, Belgium, tax havens, wherever a billionaire bunker can be found.  If the EU and UK wanted to get entrepreneurial it could set loose mercenary battalions of attorneys and accountants on billionaires and multinationals, who avoid and dodge taxation.  That is, place a financial bounty on each oligarch’s head for successful criminal and civil prosecution and a cut of the tax proceeds collected.  The creativity here is limitless.  Think Blade Runner for accounting and tax nerds, retiring oligarchs instead of replicants?

Ultimately, what’s clear is fascist corporatism, greed-first, the endless growth paradigm, globalization, and oligarchy rule are complete failures, especially in terms of a guiding economic ethos, generating empathy & support for an increasingly impoverished world, and as a governing ideology.  Remember, they are all hypocrites, perfectly fine helping themselves to state money and credit lines, while condemning socialism for the 99%.  

What’s clear: corporate fascism as always has failed, as has hatred and contempt for humanity.  Perhaps, it’s time for the IMF to remember this and get on board... redirect its efforts to helping humanity, not a privileged few. 

 Copyright JM Hamilton Publishing 

National Interest, Treason in Alberta, & Pulling out of Iraq

National Interest, Treason in Alberta, & Pulling Out of Iraq 

On an afternoon in late January, Mitch Sylvestre, the leader of Alberta’s most prominent separatist organization, gathered with three of his lieutenants in a boardroom not far from the executive hangars at the Calgary International Airport, where private jets shuttle in and out of the city away from prying eyes. 

It was a few hours before thousands of Albertans would gather near the city centre at a rally to launch the separatist campaign. But this meeting, convened behind closed doors a half-hour drive away, was invite only. 

The Alberta Prosperity Project chose the location to accommodate its guests, Republican political strategists from Michigan who helped Donald Trump win the state in the 2024 U.S. presidential election. 

The American delegation travelled to Calgary to sell them on software developed for Republicans to get out the vote – and how it could be used to wrench Alberta from Confederation.

-             Elephant in the Room, Globe & Mail

 

Gregg Wall (10-3-2026)

It was another one of those special weeks in North America, where one can’t help but observe an ever-growing list of failures from the predatory elite.  On Thursday, PM Carney announced his first National Interest project… where the environment, indigenous rights, charter rights are steamrolled in the name of corporate greed and profits.  Odd, that “national interest,” under the Carney government, never involves taking care of the one in four Canadians, who are dependent upon food banks for survival, or insisting that rogue premiers respect and honor the CHA.  Instead, Canadians were treated to the optics of Carney announcing another publicly funded welfare project for the American owners of the Alberta oil patch, yes – another pipeline.  You know, more Carney welfare for the American O&G industry, operating in Alberta, swimming in record production and profits.  Carney said the project would be good for jobs, but we all know that once the pipeline is built, it will require precious few jobs to maintain and operate.  Carney had a great many omissions at Thursday's press conference, like the O&G industry in Alberta is gutting its workforce.

We also know that Canada will not profit from the pipeline, as the American owned Alberta oil patch will repatriate the lion’s share of profits to the United States and foreign investors, whether the Alberta crude is sent to the United States or Asia.  The Americans own the concession, and the Americans will reap the rewards.  Carney conveniently failed to mention any of this at Thursday’s announcement.  As reported in the MSM the Carney gov doesn’t expect to pay the pipeline off until 2060, this assumes any of us or our progeny are still alive in the year 2060 (given the fossil fuels industry's all-out assault upon the planet).  Note, all this comes at a time the O&G industry is swimming in record production and profits, Premier Smith, in her infinite wisdom, recently cut taxes and royalties for the American industry… seems as if the UCP government can’t give away corporate welfare fast enough.  (As we all know by now, tax cuts – particularly when they are financed with no corresponding reduction in expenditure – are just another form of corporate welfare).  Did Dani tie the tax cuts, conditionally, into forcing the industry into investing in Carney’s pet pipeline project (or cleaning up their epic abandoned wells, and tailings, mess in Alberta)?  Of course not.

Another convenient omission at the Carney announcement was the fact that Alberta & Canada are presently staring down the barrel of hundreds of billions in damages, economic and environmental, externalities, subsidies, foregone opportunity costs (hello, renewables), and debt service loads for all that Canadian taxpayer generosity Carney keeps shoveling onto the Americans.  Did Carney leverage all this Canadian welfare for the American industry… I don’t know… into having the Americans begin paying for all these outstanding damages, externalities, and liabilities (which they are legally obligated to pay)?  Of course not.  My, our heroes, Carney and Smith, sure are the expert negotiators.  Aren’t they?  I suppose asking the evil and ruthless American elites to begin paying higher taxes during a boom, for a new pipeline, and catastrophic damages that dot the Alberta landscape would make Canada “uncompetitive.”  Uncompetitive at a time America is entirely dependent upon Canadian oil and has no other real options, given Trump’s & Bibi’s insane war with Iran.  Meanwhile, the lunatic fringe, the nescient Alberta separatist beats his chest and is under the naive belief that Alberta could and should stand alone (or become a US vassal state), since Alberta is flush with profits… and not actually the fiscal basket case that it is.  Carney, the coward, fails again to educate and elucidate.   It sure would be shocking for Canada to learn the very simple reality that the damages, externalities, healthcare expense, economic damages, the soaring insurance costs, the interest expense, opportunity costs, the burned up towns & villages, and subsidies, per barrel of oil, outstrip and exceed the meager royalties and taxes collected, per barrel.  Clearly, Canada is not Norway, which wisely dumped the for-profit model of extraction, in favor of public ownership and an accumulated $2 trillion sovereign wealth fund.  Canada’s and Alberta’s loss, the American robber baron’s gain.

Before we leave this crime scene… aren’t we at trade war with the Americans?  Didn’t Carney recently sell airports and public assets to the American robber barons?  Resources and god only knows what else to the Americans behind closed doors in Toronto?  Didn’t Donnie Jr (aka Trump Jr.) just purchase a significant share of a Canadian drone company, after said company received a fat contract from the Canadian government?  For two countries that are allegedly at war with one another, Carney certainly is generous in handing over Canadian assets, largesse, taxpayer funded welfare to those angry, manipulative, wily Americans… and the treasonous and treacherous Alberta UCP government (Trump’s governor in Canada, Dani Smith).  And breaking news, the Globe and Mail reports Alberta separatists have cozy relations with GOP operatives… fresh water and oil for the Americans in exchange for helping to overthrow Alberta?  And the Carney government response, so far not a word.  Looks like Carney is losing, again.  The expert negotiator, hired to iron out relations with America and trade, has consistently failed to deliver.  As for Canadians, we are getting slammed by Carney’s catalogue of crimes and failures… his management style not unlike dirty Dani’s here in Alberta.  Carney, like Dani, increasingly comes across as dictatorial & imperious and pushing an agenda he didn't run on.  See also bill C39 and Carney’s direct assault upon Canadian labour and First Nations.  What a stud.  Who knew Mr. Elbows Up would deliver an elbow to the throat of Canada, First Nations, Alberta, and Canadian families and labour. 

 

 

 

Of course, we can’t comment on the week without noticing the end of the Iraq War (officially, the war was broken into two segments: Iraq and the battle with ISIS inside Iraq).  In reality, the American military was protecting big oil & gas and Wall St interests inside Iraq, at US taxpayer expense, and making the Israeli government happy.  A story that received scant attention from the corporate MSM because – hazard a guess – the war reflects so poorly on the establishment, the two parties, Dems & GOP, the empire and war contractors, and the oligarchy.  And yes, our ally, the Israeli government.  The US went into this war in 2003 with under $4 trillion in national debt and today, in 2026, as the last troops pull out, the U.S. is over $40 trillion in the hole.  Some have placed the price tag for 9-11/Middle East wars at eight trillion dollars.  The nation looted, post 9-11, by: greed, the US stock market and Wall St Ponzi scheme, massive transfers of taxpayer and US credit line wealth to a privileged few and seemingly, limitless corporate welfare and the billionaire tax code, endless wars, and violence.  Absolutely disgusting.  All in the span of 23 years.  If we survive this mess, historians will write for years on how the United States threw it all away and how bankers, billionaires, multinationals, and war contractors stole $36 trillion.

Conveniently lost in the shuffle, as well, was how we got into Iraq in the first place, a country that had zero to do with 9-11.  Gee, this should sound familiar:  Israel pushed the narrative that Saddam and Iraq had WMD; and Israeli PM, Aerial Sharon, lobbied for war both publicly and behind closed doors.  And of course, Dick Cheny and GOP warmongers were salivating over all that Iraqi crude; VP Cheney looking to feed his company, Haliburton, some rich government contracts as restitution for a Cheney fiasco, the Kellogg Brown and Root (KBR) acquisition.  Sounds like today, in Iran:  Israel pushes the narrative, along with the US government, that Iran is weeks away from a nuclear bomb (despite Trump declaring he had crushed the nuclear threat in 2025).  PM Netanyahu lobbied publicly and privately for war, often given free rein within US MSM… and then, of course, there’s the matter of all that Iranian oil & gas.  Epstein and Israeli blackmail?  With US troops pulling out of Iraq, US military bases of occupation in Iran would just about even out the empire, such are the insane calculations, geographic proximity, & machinations of the Trump administration & the military industrial complex?  They thought Iran would be a cakewalk, instead Iran, China, and Russia handed America a major defeat with 21 bases rendered inoperable. 

Trump promised that drill baby drill would yield a more peaceful world… when global dependence on oil and gas has turned it into an abject nightmare, further cause for endless war, along with astronomical energy prices, diesel as high as $7 and $8 a gallon, and the US doubling down and treating oil & gas as a reserve & strategic asset.  Given the state of the world, and the flight to green energy globally, we can all see that oil and gas is an abomination: O&G the source of endless greed; meaningless Wall St speculation and profits taxation; trillions in expense, liabilities, and externalities – conveniently placed on the backs of the public & taxpayer; a planet in flames; a planet flooding; an excuse for the imperial war machine and $40 trillion plus in national debt.  O&G lends itself to the lie of concentrated private ownership, whereas renewables speaks to freedom and decentralized community ownership (which drives Trump, billionaires, and the O&G industry mad). 

America’s, once formidable war machine, looks overtaxed, winded, and like Wall St itself… the Pentagon appears to be just another money laundering operation for the powerful and rich.  The revolving door spins: young men & women exit Iraq, only for more young men & women to sit offshore in The Strait, possibly waiting for orders to attack Iran, post-midterms.

As the world pivots to green energy, renewables, nuclear power … increasingly, anything but oil and gas… here in Canada, there’s PM Goldman Sachs & Premier Marlaina pivoting to more oil and gas and free pipelines for Americans.  What a tragic waste of Canadian taxpayer cash.  Isn’t that special… the little old shopkeeper from Alberta and the champion of a new world order is back, baby, as he enriches and hands Canada over to our alleged enemy, the American robber baron.  Given the breaking Globe and Mail story, the treason & treachery in Alberta is out of control… which begs the question: when is PM Goldman Sachs going to stop buddying up with American interests and Marlaina, and when are Carney and his cabinet going to start arresting & prosecuting separatist leaders and Alberta UCP politicians?  

Carney, as of this writing, appears craven and just as corrupt and incompetent as the U.S. government.

Copyright JM Hamilton Publishing 

The Week Carney Sold Canada Out….

The Week Carney Sold Canada Out….

 

The Liberal government's marquee fall legislation is expected to strengthen a controversial section of the Labour Code, two senior government sources tell CBC News. 

The Carney government plans to amend the Canada Labour Code to explicitly allow the minister responsible to direct the Canada Industrial Labour Relations Board (CIRB) to end work stoppages and order arbitration.

-       Liberals looking to give minister explicit authority to end strikes: sources, CBC

By Gregg Wall (9-19-2026)

Make no mistake about it, this was truly a monumental week for Canada.   The week PM Carney sold out Canada and further enriched his American banker buddies, the Epstein class, BlackRock, and resource extraction leviathans.  Carney had his crony-capitalist orgy in Ontario where 300 executives… a who’s who of American oligarchs, robber barons, CEOs, fund managers, et al… descended upon Toronto to snap up Canadian public assets behind closed doors.  Four publicly owned airports gobbled up or to be gobbled up, infrastructure, highways, land, trains, bridges… essentially, you guessed it, the private equity model of grabbing property and extracting killer rents from consumers, the enterprise, labor, the public, the government.  Theft by any other name.  The proceeds from these sales will go to finance, not a better Canada, but Carney’s great crony capitalist Xanadu. 

Undoubtedly, Carney burned political capital this week, by selling out Canada to the ultra-sleazy Epstein class, the very same American billionaires that have run the United States into the sewer.  America has become a crack and opiate den, where 90% of Americans can’t afford medical care or have put off healthcare services.  

If I may drive the point a little harder, bear with me dear readers, Carney aims to import America’s crippling  economic model, Trump’s economic model into Canada… a model noted for:  endless corporate welfare; Wall St bailouts; crippling debt & deficits; failed supply-side & trickle-down economics; catastrophic inequality; a labor force that has been decimated & impoverished; endless state socialism for the 1% and corporate elite; endless austerity for the peons (like myself); never ending wars and war spending; resource extraction; a devalued and trashed currency, catastrophic price gouging, rent seeking, absurd profit taking; bankrupting national debt.  All under the guise of improving growth and GDP.  Too bad all the above has been an abject failure since the late seventies and early eighties, because these sadists never learn (and too many members of the public are perfectly content with culture war victories and “my team won”).  And the Mark Carney’s of the world and the 300 barbarians in Toronto really hope that the public … 25% of whom queue up for food banks to survive… never learns or questions. 

How is this possible?  You might ask, how is Dear Leader Carney selling off Canada for parts to America’s predatory elite, when we are, allegedly, in the middle of a trade war with the Trumpinator?  Both Carney and Trump appear to be milking the trade war for all it's worth, as a means to distract and frighten the Canadian public.  In the case of Carney, the trade war has been the perfect smoke screen as Carney and Libs pass a far-right corporate, pro-oligarchy, private equity agenda, that wouldn’t stand up to the light of day, if the entirely manufactured trade shock had never occurred.  Meanwhile, Trump looks less and less like the winner here.  Carney’s effort to sell Canada to the evil American gringos this week… makes Trump look increasingly less relevant.  Trump is going to wage a trade war against American bankers, billionaires, US companies & investment firms that own a sizeable share of Canada, the Canadian economy, government, resources, and infrastructure.  Aren’t Canada’s new American owners (aka the Epstein class) also Trump donors?  Carney is bending over backwards to enrich Americans to the complete detriment of Canadians.  Carney’s capitulation into cowardice and greed, appears to be a version of: If you can’t beat the Americans, let them buy Canada.  Trump’s near daily pronouncements against the “evil Canadians” sound increasingly melodramatic and hollow, that is purely performative theatre designed to distract from the most hideous, perverse U.S. presidency the world has ever seen.  Ask yourself, why would 300 CEOs, bankers, fund managers and oligarchs descend upon Toronto this week to feast on Canadian assets in a prospective war zone?  Truth, reality are so much stranger than fiction because fiction must respect the boundaries of the conceivable, the possible… reality is held to no similar standard. 

Where have we seen Carney’s antics before?  Come to Alberta, come examine Marlaina Smith’s far-right economic playbook, where her government, political party, and the entire Alberta economy are centered around pandering to criminals, grifters, MAGA wannabes & losers, and American owned Alberta oil and gas.  That’s right, Dani too is hellbent on selling off the Alberta government, province, resources, utilities, and services… and use the power of the state to protect the ownership class.  And many wonder why Carney has made no moves to protect Alberta and Canada from Dani Smith, the US oil & gas industry, and the Greedcare imported from the United States.  Here too, Carney has catered & pandered to Premier Smith, promised free pipelines (picked up by the taxpayer), in the midst of an Alberta O&G production and profits boom.  Odd, how these themes keep repeating themselves, odder still on how the public remains mute on the Carney crime wave.  It’s as if both the Liberal and Conservative parties of Canada have the same identical death wish for the Canadian people, with the end goals of vast sums of taxpayer and Canadian credit line wealth transferred to wealthy parasites.  Carney is not the harbinger of crony corpocracy, crony corpocracy has already arrived… Carney is merely locking it in and taking it to the next level.  Carney continues to lean on financialization, supply-side, trickle-down -- as well as failed metrics like growth, GDP, and trade balances -- that consistently do not translate into better standards of living, higher wages & benefits, and the very best of what Canada stands for: like well-funded public education and healthcare.  And we were expecting from PM Goldman Sachs?  This is worse than a coup against Canadian sovereignty, in fact, if we believe the polls, Canada’s overthrow by wealthy Americans is being welcomed with rapturous applause by a tidal wave of support for the Carney/Liberal government.  The liberal voter today looks just as cultish as MAGA or well-heeled Dem voters in the States, who simply want to pull the lever every other November and return to brunch.

Carney’s summit in Toronto, again, relied on tried-and-true failures:  

Globalization and race to the bottom on austerity for the have-nots, corporate welfare, deregulation, privatization schemes, tax cuts, for-profit war spending.  All the factors that have seen nation-state debt soar, and centrist parties and administrations wiped out and thrown out of power in Europe and N. America.  

Over reliance on resource extraction with its inherent boom-bust cycles. 

Private equity, which has its own problems, an over-reliance on cheap debt, endless price gouging (because they can), which leads central banks to hike rates, excessive debt & leverage, and an inability to repatriate capital (zombie enterprise). 

Again, not once does Carney state how any of this raises the standards of living, incomes, and lives of the Canadian people. The conceit, the framing just assumes the public is immediately on board with more failed far-right economics, more oligarchy.  More misery from Thatcher, more privatized profits, more shifting of known costs, bailouts, and the padding of profits onto the backs of labour, the public, the taxpayer.   And Carney and Libs are going on the warpath against Charter rights, Indigenous rights, and organized labour.  Everywhere where privatization has been tried, it’s revealed as a fraud.  Oligarchs and ownership under pay for the asset (airports), run up the debt and leverage (to pay for dividends & buybacks), jack up costs to the consumer/the public, extract management fees and rents, slash & burn labour, leech off the state… services suffer & erode.  And then, the cries for taxpayer funded bailouts begin.  Balance sheets under privatization are depleted and heavily leveraged.   It’s as if, PM Brookfield was placed into his present position, not out of altruism, but deliberately placed to sell out Canada… see Bill C-5 and Carney’s eradication of laws and regulations stemming from Bill C-69 (Impact Assessment Act, the Fisheries Act, and the Species Risk Act).  Carney isn’t here merely to install billionaire rule, corpocracy, technocracy, a dictatorship of monied interests… Carney is here to finish the job, once and for all: Greed Rule.

Perhaps the most bizarre event this week, post-Carney Toronto greed orgy, was the immediate pivot to EU partnership?  It’s as if the MSM, globally, couldn’t erase the optics of Carney selling Canada to American billionaire pigs fast enough?  The MSM went from praising Carney’s Great Canadian Sellout to banging the drums for Carney’s hookup with Frau Genocide, the Queen of Endless War… von der Leyen.  No details for the public … just this is a great opportunity for Canada and Europe, and it very well may be.  Or it could be lousy or somewhere in between.  Irregardless, the Canadian people must have the details and fine print on any EU proposal.  Conveniently, left unsaid, much of the EU and the UK are in the same economic malaise, debt & economic crisis that America and Canada presently find themselves in and that Carney and Libs, recklessly & unhinged, are pushing Canada harder into.  Nation-states have been looted and ransacked by the Billionaire Pig – Monopoly class, and collectively, these malefactors of obscene wealth and privilege have no interest in paying taxes to support the very institutions that made them fabulously wealthy: the people, the state & the governments they loathe.  Which brings us back to Trump, his theatrics, and the trade shock… a trade shock that has been corporate America’s best friend, in terms of making Canada a 51^st vassal state for Wall St/Billionaire rape and pillage.  Hey, why mass Trump’s fascist shock troops and tanks on the Canadian border, when Canada, thanks to the Carney government, can be owned outright?

 

Thibault Camus / POOL/AFP

 

 

 

This is certainly a bit more than I wanted to write on a beautiful sunlit Alberta Friday afternoon.  We won’t have many more days like this, before the snow flies and the bears, mountain lions, and wolves attack my humble cabin.  In conclusion, Canadians should not continue to trust in Carney and give him a free hand to continue his pimp out Canada agenda.  What’s clear?  Carney is a product of the 80s, Goldman Sachs, America, Wall St, “greed is good.”  Carney has bet the farm… not on the Canadian people, not on education, preservation of the Canadian environment, fostering excellent relations with Canadian labour, long overdue reconciliation with cherished First Nations, a thriving 90%, and the CHA… but rather, Carney has bet the house on such well known failures as:  Reagan, Thatcher, supply-side fraud, trickle-down lies, billionaire supremacy, privatization scams, PE & VC nihilism, the sale of public assets, US oil and gas… repeat, US oil and gas… and lethal & toxic U.S. healthcare via provincial premier proxies (we see you Dani and Doug), etc., etc.  This apparently is the Canadian liberal-pimp agenda: everything must go, nothing can be publicly owned, everything must be fettered by greed, obscene rents, and private ownership.  And above all, shaft the indigenous and all Canadians.

And if I have one final take away, it’s this: know your enemy.  We think of Nazis as brownshirted thugs marching around with arm bands, or Trump’s ICE thugs.  But it’s imperative that the world wake up to the source of fascism… billionaires, oligarchs, bankers, capitalists, CEOs, monopolists, Techbros… the extremely wealthy.  They pivot to fascism because it scapegoats “the other” and divides humanity, deflects attention from the oligarchy’s catalogue of crimes and endless war against humanity.   

Who supported Trump?

Who financially backed Trump? 

Who supported Hitler?  

That’s right, wealthy German industrialists.  The billionaires of their day.  When centrist parties die, the wealthy pivot to the populist right, the far right.  They pivot to fascism and violence.  Carney is having a moment right now, but if he keeps enriching a predatory few, while enslaving Canadians, he just might set off the rise of virulent right-wing extremism that may make the Alberta separatist appear moderate by comparison.  It certainly is the trend, see America, France, and Germany. 

In this environment where supply-side is well-established and a proven failure, where tens of millions of Canadians wrestle with acquiring the essentials, it would be best for Carney to pivot to the master, Lord Keynes.  It would be best to adopt the Norway model, public ownership, crown corporations, and a $2 trillion sovereign wealth fund (not Carney’s pathetic, lousy welfare fund for corporations financed by more Canadian debt and the sale of public assets).  Alas, I don’t think Carney can find it within his tiny, shriveled banker heart.  Keynes certainly isn’t what Carney sold his billionaire benefactors in the run up to Carney’s coronation, but Keynes is what is required.  Europe, watch your back!  The globetrotting Carney maybe coming for you next, as President of the EU Commission.  Carney’s ambition knows no limits.

Copyright JM Hamilton Publishing 2026