BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund - Funded With Government Debt - What Could Possibly Go Wrong? - EnergyNow
BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund - Funded With Government Debt - What Could Possibly Go Wrong? - EnergyNow
Source: EnergyNow
―
DW NOTE
Mark Carney wants to borrow money the government doesn't have to invest in projects the private sector won't fund, and he's calling it a wealth fund. If the returns were there, pension funds would already own it. When a former central banker pitches sovereign debt as seed capital, he's not building wealth — he's securitizing the next bailout.