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
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DW NOTE
Mark Carney proposes a government "wealth fund" capitalized with borrowed money. This is the financial equivalent of taking out a mortgage to buy lottery tickets and calling it retirement planning. Canada's federal debt already exceeds 100% of GDP — apparently the solution to insolvency is a leveraged investment vehicle run by the same people who created the insolvency.