How the World Economy will Crash after October 19th
“Does your son have a job?” an American asked his very, very broke British cousin in the 1957 black-humor movie, ‘How to Murder a Rich Uncle.’
“My son is a gentleman,” came an answer.
“Does your son have a job?” the questioning continued.
“My son is a gentleman,” across the pond repeated.
There was a moment of silence, an obvious pause. “Is your son employed?!” The horror never abated.
Whenever the corporate media mention PM Mark Carney, they prattle on about his so-called accomplishments-he is an Oxford/ Harvard educated, worked at Goldman Sachs, was a former top British banker, a former top Canadian banker, sits on the board of directors of Brookfield Properties, which is a publicly traded company, and…I’m running out of ink.
If you didn’t get the memo, I’m not a Mark Carney superfan, and I never support any politician of any stripe. Ever.
The Clarity Act
When I first scribbled this article down, the Alberta government decided to have an Independence Vote.
In the past, Quebec had a sovereignty movement in the past. In fact, they had a 1995 referendum, and it ended up at 44.75% of the popular vote.
Back in 1999, then Prime Minister Jean Chrétien passed the Clarity Act, which set out the conditions for any province to leave Canada. In addition, the act requires a clear question of secession to initiate secession talks. Would the United States allow any of its states to separate? Never.
Alberta Independence Referendum
Getting back on track, by October 2026, there will be an Alberta Independence Referendum, votes will be tabulated by Dominion Voting machines which is in every polling station too, not hand-counted like it should. These same machines were thrown out of Europe—the technology to rig elections is here. Does anyone realize that when Germany elected a far-right party called the AFD? Does anyone not realize that Europe no longer has Dominion Voting machines?
The AFD was elected by a hand-counted vote and not tabulated by a machine. In Canada (while we call it Canada), Dominion voting machines are in every polling station—the technology to rig elections is here! Thus, I fully expect that Alberta will separate from Canada through Dominion Voting machines, the Canadian bond market will crash, and… Through the Good People of Google AI, I now know Canada ranks as the fifth-largest foreign holder of U.S. Treasury bonds, owning about $460 billion in U.S. government debt.
Thus, Canada holds about $459.6 billion to $460 billion in U.S. Treasury securities. If you didn’t get the memo, Canada ranks 5th worldwide behind major holders like Japan, China, the United Kingdom, and Belgium.
U.S. Debt
Why Canada Buys U.S. Debt? Canada buys U.S. dollars and government bonds to build up its liquid foreign currency reserves. These cash reserves act as a financial cushion to help stabilize the Canadian dollar during global market shifts.
Canadian pension funds and banks also buy U.S. assets, seeking safe, reliable interest payments.
Remember, political instability will lead to negative economic consequences, and the Canadian bond market will crash. Canada is the 5th-largest owner of U.S. bonds; this will lead to an American Bond Market Crash and a Second Great Depression.
Pardon me while I catch my breath, but in good times, senior citizens retire, sell their homes, and invest their money in the bond market; they receive 4.5% to 6.5% interest. If they invest $ 1 million in bonds, they will receive $45,000 to $65,000 a year. Can anyone live on that? Yes.
Coming full circle, when Alberta separates, (not if) the Canadian bond market will crash, senior citizens will lose their shirts, and will be eating dog food, or cat food, to survive. There will obviously be a second referendum, Dominion Voting Systems will count the results, Alberta will become the 51st state, and Wall Street investors will be rewarded with a windfall. Forget about Venezuela, Greenland, or Iceland.
Once Alberta separates, British Columbia will follow, and Quebec and Ontario will be the last—that New World Order thingy. Mark Carney will resign in disgrace, will go back across the pond, resume managing his company Brookfield Properties, and being a temporary Prime Manager of Canada will be listed as one of his many accomplishments.
Remember, President Donald Trump is a real estate mogul and a former realty TV star.
Prime Minister Mark Carney is also from the business realm and sits on the board of directors for Brookfield Properties—they are both landowners and mirror images of each other—and we are in a cost-of-living crisis. Trump and Carney are there to maintain their monopoly of land and colossal fortunes. They represent themselves and their business interests. If we really want to end the cost-of-living crisis, we should nationalize the land monopolized by big business, the banks, and real estate investors…and one wonders why I started watching pro-wrestling again when 2020 came.
