Geopolitics

BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund - Funded With Government Debt - What Could Possibly Go Wrong? - EnergyNow

Source: EnergyNow

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DW NOTE

Mark Carney wants to borrow money the government doesn't have to create a sovereign wealth fund with assets the government doesn't own. Norway built its fund from oil surpluses it actually earned. Canada would be building a debt fund and calling it wealth — the financial equivalent of renaming insolvency as diversification.

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The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

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BUYER BEWARE: Mark Carney Pitches a Canada “Wealth” Fund - Funded With Government Debt - What Could Possibly Go Wrong? - EnergyNow

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