Brookfield will be the number one recipient of my fake sovereign wealth fund.

Canada is a crappy place to invest in or do business in. The regulatory environment, coupled with the government's general ineptitude, has been strangling the Canadian economy for over a decade. A recent report from RBC concluded that over a trillion dollars in capital has fled Canada in the last ten years. The GDP per capita continues to drop and looks to be in an utter freefall when compared to the USA. We are getting poorer. Canada's productivity is horrific as well, averaging $73 USD per hour per person compared to $97 USD per hour in the USA. Even the Carney government could no longer ignore this.

Instead of addressing the root causes of why Canada has become an investment pariah, the Carney government has instead announced the creation of a $25 billion sovereign wealth fund. Citizens who truly hate their pocketbook are even invited to invest in this catastrophe in waiting, too, if the tax dollar dump doesn't feel like enough.

The government will set the standards for how it will determine who gets a piece of this fund. That invariably leads to well-connected insiders with questionable investment notions. The grifters can smell opportunities like this a mile away, and rest assured, they are already salivating over this one.

The foundation of this fund is like the debacle of the Trans Mountain Pipeline expansion. Government policies made expanding the pipeline so economically unviable that the private proponent of the project pulled the plug. Even the Trudeau government realized it had pushed things too far, but rather than cut away the roadblocks that had driven the investors away, the government bought the project. Then, through mismanagement, they built the project at a 600% higher price and years late. The taxpayer never needed to invest a penny if the government could just get out of the way. The principle remains the same with other major projects.

Carney has already been misrepresenting this fund by calling it a sovereign wealth fund and comparing it to what Norway has. Sovereign wealth funds are created through government surpluses, not by putting the bill on the credit card of the taxpayers. The funds also typically have a mandate of stabilizing the local economy and investing to get a maximum rate of return. In Norway, the fund purposely invests 100% outside of the country so it doesn't meddle with the domestic economy. It is also mostly placed in relatively safe equities, real estate, and bonds.

Carney's debt fund will stay 100% within Canada and will be dedicated to high-risk investments. If the investments weren't high risk, private investors would buy in without tax funding. This is just another corporate welfare fund that will predominantly invest in losers. It likely will be targeted to areas where the Liberals need growth in electoral support rather than areas in need of development. There is already the Canada Infrastructure Bank and other government subsidy programs in place. There is no need to create another one.

All these funds and initiatives avoid addressing the elephant in the room. Political red tape in general has been hampering all developments, but the granddaddy of all the roadblocks is the de facto veto authority given to indigenous bands over all projects. Chiefs, both elected and appointed, along with a plethora of lawyers and bureaucrats, swarm every new development with demands and threats despite not having the authority to stop them. Not a single major project in Canada has been proposed that doesn't have one indigenous band or another opposing it.

What Carney is creating is corporate debt slush fund paid for by us.

Even members of the legacy media aint buying Conman Carney's bullshit sovereign wealth fund.

Is this really a "nation-building investment," or just a new channel for government-backed corporate deals? And if it's the latter... who ends up benefiting?

Quote from: Herman on April 29, 2026, 05:32:43 PMCanada is set to launch its first-ever sovereign wealth fund, branded the "Canada Strong Fund," according to an announcement from Mark Carney.
At face value, the concept aligns with models seen in other nations. However, a closer examination raises fundamental concerns about how such a fund is being structured.

How Sovereign Wealth Funds Typically Work
Globally, sovereign wealth funds are built on surplus capital, not debt. They are designed to invest excess national revenue for long-term stability and growth.
Examples include:
* Norway — financed by oil and gas profits
* Abu Dhabi — built on energy revenues
* Singapore — driven by sustained trade surpluses
These funds exist because those countries generated more revenue than they spent.
Canada's Fiscal Position
Canada's current fiscal situation presents a different picture:
* Annual deficit: approximately $78 billion
* National debt: roughly $1.2 trillion
* A significant portion of this debt has accumulated over the past decade
This raises a central question: Can a sovereign wealth fund function as intended without surplus capital?

A Different Kind of Fund?
Critics argue that without underlying surplus wealth, the Canada Strong Fund risks becoming something fundamentally different from its international counterparts.
Instead of investing excess revenue, it may rely on borrowed capital, which introduces:
* Increased financial risk
* Higher long-term interest obligations
* Greater exposure to market volatility
In that context, some observers are reframing the initiative less as a traditional sovereign wealth fund and more as a state-managed investment vehicle funded by debt.

The Core Debate
At the heart of the issue is a basic economic principle:
Sovereign wealth funds are built on wealth — not liabilities.
Without surplus revenues, the legitimacy and sustainability of such a fund remain open to debate.

Final Note
Norway's fund — widely considered the global benchmark — was never branded with political language. Its credibility came from its structure, not its name.
The "Canada Strong Fund," by contrast, is already facing scrutiny over whether it represents financial innovation — or financial rebranding.

What Carney will implement is a sovereign debt fund not a sovereign wealth fund. Then he he will move the money from the operating budget to his "capital expenditures" budget which includes his new sovereign debt fund to make it look like he's lowering the deficit. And the worse part of all is that his base will buy it and believe he is a financial genius instead of the crooked bookkeeper that he is.

Quote from: Herman on April 29, 2026, 05:32:43 PMCanada is set to launch its first-ever sovereign wealth fund, branded the "Canada Strong Fund," according to an announcement from Mark Carney.
At face value, the concept aligns with models seen in other nations. However, a closer examination raises fundamental concerns about how such a fund is being structured.

How Sovereign Wealth Funds Typically Work
Globally, sovereign wealth funds are built on surplus capital, not debt. They are designed to invest excess national revenue for long-term stability and growth.
Examples include:
* Norway — financed by oil and gas profits
* Abu Dhabi — built on energy revenues
* Singapore — driven by sustained trade surpluses
These funds exist because those countries generated more revenue than they spent.
Canada's Fiscal Position
Canada's current fiscal situation presents a different picture:
* Annual deficit: approximately $78 billion
* National debt: roughly $1.2 trillion
* A significant portion of this debt has accumulated over the past decade
This raises a central question: Can a sovereign wealth fund function as intended without surplus capital?

A Different Kind of Fund?
Critics argue that without underlying surplus wealth, the Canada Strong Fund risks becoming something fundamentally different from its international counterparts.
Instead of investing excess revenue, it may rely on borrowed capital, which introduces:
* Increased financial risk
* Higher long-term interest obligations
* Greater exposure to market volatility
In that context, some observers are reframing the initiative less as a traditional sovereign wealth fund and more as a state-managed investment vehicle funded by debt.

The Core Debate
At the heart of the issue is a basic economic principle:
Sovereign wealth funds are built on wealth — not liabilities.
Without surplus revenues, the legitimacy and sustainability of such a fund remain open to debate.

Final Note
Norway's fund — widely considered the global benchmark — was never branded with political language. Its credibility came from its structure, not its name.
The "Canada Strong Fund," by contrast, is already facing scrutiny over whether it represents financial innovation — or financial rebranding.

We have a REAL sovereign wealth fund here in Singapore. The seed money came from our significant trade surpluses many moons ago.

Those elbows up old white Canadian nincompoops that fell for the elbows up scam are certainly dumb enough to believe you can build a sovereign weath fund from borrowed money and unicorn farts.

Turns out anyone can set up a debt for favours scheme and call it a sovereign wealth fund.

Canada is set to launch its first-ever sovereign wealth fund, branded the "Canada Strong Fund," according to an announcement from Mark Carney.
At face value, the concept aligns with models seen in other nations. However, a closer examination raises fundamental concerns about how such a fund is being structured.

How Sovereign Wealth Funds Typically Work
Globally, sovereign wealth funds are built on surplus capital, not debt. They are designed to invest excess national revenue for long-term stability and growth.
Examples include:
* Norway — financed by oil and gas profits
* Abu Dhabi — built on energy revenues
* Singapore — driven by sustained trade surpluses
These funds exist because those countries generated more revenue than they spent.
Canada's Fiscal Position
Canada's current fiscal situation presents a different picture:
* Annual deficit: approximately $78 billion
* National debt: roughly $1.2 trillion
* A significant portion of this debt has accumulated over the past decade
This raises a central question: Can a sovereign wealth fund function as intended without surplus capital?

A Different Kind of Fund?
Critics argue that without underlying surplus wealth, the Canada Strong Fund risks becoming something fundamentally different from its international counterparts.
Instead of investing excess revenue, it may rely on borrowed capital, which introduces:
* Increased financial risk
* Higher long-term interest obligations
* Greater exposure to market volatility
In that context, some observers are reframing the initiative less as a traditional sovereign wealth fund and more as a state-managed investment vehicle funded by debt.

The Core Debate
At the heart of the issue is a basic economic principle:
Sovereign wealth funds are built on wealth — not liabilities.
Without surplus revenues, the legitimacy and sustainability of such a fund remain open to debate.

Final Note
Norway's fund — widely considered the global benchmark — was never branded with political language. Its credibility came from its structure, not its name.
The "Canada Strong Fund," by contrast, is already facing scrutiny over whether it represents financial innovation — or financial rebranding.

They're calling it a "sovereign wealth fund."
But let's just call it what it actually is.
Debt.
Not wealth. Debt.
Here's the part nobody seems to be saying out loud...
The most famous sovereign wealth funds in the world weren't built like this.
They weren't created because a government wanted to feel productive.
They were built because those countries had excess money.
Surpluses.
Real, actual, leftover cash after expenses.
Think Norway. Oil revenues. Massive surpluses. Then they invest it.
That's wealth.
That's discipline.
That's how you build a fund that actually deserves the name.
Now look at what's being announced today.
Canada is running massive deficits.
Tens of billions.
We are borrowing money... to create a "fund"... to invest in projects... alongside private partners... while also asking Canadians to contribute their own money into it.
Read that again slowly.
We are borrowing money...
To create something that sounds like wealth...
But is actually just leveraged spending.
This isn't a wealth fund.
It's a debt fund with better branding.
And the timing couldn't be more out of touch.
Families are getting crushed on groceries.
Housing is out of reach for an entire generation.
Food banks are seeing record demand.
And the move is... create a government-backed investment vehicle to fund "major projects"?
You don't need an economics degree to feel the disconnect.
You just need to have bought groceries in the last 6 months.
Here's where it gets even more interesting.
They're modeling this after funds like Norway's.
But Norway didn't wake up one day and say, "Let's borrow a pile of money and start investing."
They earned it first.
They saved it.
Then they invested it.
That order matters.
You don't skip the hard part and jump straight to the victory lap.
And yet... here we are.
Borrow first.
Spend second.
Call it "generational investment."
Hope nobody asks too many questions.
And look, I get the pitch.
"Big projects."
"Nation building."
"Growth."
Sounds great on paper.
But when you peel it back, it's the same core issue we keep seeing.
We don't have the money.
So we borrow it.
Then we wrap it in a nicer name.
At some point, words don't change reality.
Debt is still debt.
And calling it "Canada Strong" doesn't magically make it strong.
If anything, it raises a bigger question.
When did we start confusing leverage with prosperity?
Because those are not the same thing.
Not even close.
You don't build real strength on borrowed money.
You build it on discipline.
On surpluses.
On saying no before you say yes.
Right now, this feels like the opposite.
And maybe the most frustrating part?
This isn't complicated.
This is basic.
Anyone who's ever run a household budget understands it.
You don't invest money you don't have...
And call it wealth.
That's the part that should bother people.
Not the name.
Not the branding.
The reality underneath it.
This isn't a wealth fund.
It's a bet... with borrowed money.
And eventually...
Those bets come due.

Conman Carney sovereign wealth fund lie is in reality a corporate welfare slush fund paid for with tax dollars and probably Canada Pension Plan contributions.

Regardless of terminology, debt remains debt, and current debt accumulation exceeds that of the previous regime under Trudeau. Are these liberal supporters thick or maybe they just don't care about future generations. We can't continue to spend like this, it isn't sustainable and that is exactly what the last budget watch dog said.

Do you think there is corruption going on here?

Conman Carney spoke about investing $100 billion in India. The money is coming from our pension funds.