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

Carney wants to borrow money to create a fund that will invest in things the market won't fund on commercial terms — the exact structure that turned Petronas and Mubadala into political balance sheets disguised as sovereign wealth. The difference is those funds started with actual resource revenues. Canada would start with debt and hope.

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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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