He’s About to SCAM US

Added: 2026-05-05

[00:00:00]Got to give him credit. Got to give him credit. We, my friends, are about to witness the heist of the century. Mark Carney, as we talked about this morning, announced his sovereign wealth fund. And as we discussed, there's really two ways you can go about establishing a sovereign wealth fund right now. One is you use your natural resources and use the surpluses from those natural resources and invest those surpluses into a sovereign wealth fund that benefits Canadians or the people of your country in later days. Or you borrow a bunch of money, invest it in projects, invest it in businesses, and hope you get a higher rate of return from those investments than what you just borrowed the money for. And it looks like Mark Carney is gonna do the latter, but on steroids. Obey, we're gonna be discussing more of how he went to a press conference today to explain what the sovereign wealth fund is going to be all about, what the goal is. And to their credit, the press actually asked some tough questions. And well, Mark Carney did what Mark Carney does. Walk around the bush, look at the bush, maybe little poke the bush, and continues to beat around that bush.

[00:01:16]doesn't give straight answers but only gets mad at the media for asking straight questions and well this is exactly all we want. This is all we've been asking and we are starting to see more and more of what Mark Carney is trying to do. Welcome to Elevate Report.

[00:01:32]I'm your host Josh. Now let's get into our first story, shall we? So as I said the story of the day is sovereign wealth fund. What's it going to be made of? How is it going to work? How are we going to benefit Canadians using this fund? Using $25 billion, a $25 billion endowment to get this party going. And as reporters asked more questions, it started becoming more clear of what the plan actually is. This isn't going to be a sovereign wealth fund.

[00:02:06]This is just going to be a fund to ensure projects for multi-billion dollar companies that if those projects go south, then Canadian taxpayers will fund the loss and cover it and be the insurance for it. That is what has become abundantly clear through this press conference today. They asked some good questions though. I'll run through some of the questions and we'll actually play a couple of them. One question was, "How can you assure Canadians that this isn't a resource grab?" That was a good question and well, he answers it by not actually answering it. Second question was, "Is this a signal that Canada's economy isn't very good?" He's like, "Well, no, just the opposite." He says, he says, "Just the opposite." And the only reason I'm not playing his answers is because he does what he always does.

[00:02:57]It's constant word play, word salad, and maybe some tibuli on the side, if you know what I'm saying. But that's all you're getting. All you're getting is word salad. You know what? I'll give you an example. I'll humor you for two seconds here. Here's uh the question about h how can you assure Canadians that this isn't a resource grab? This was his answer to that.

[00:03:15]>> You you said the goal of it is to grow wealth. And so I'm wondering to what extent though that you have already coordinated or consulted with the provinces that really have control over the a lot of the oil and gas for example generating uh sectors and Alberta, Saskatchewan, and Newfoundland. Why? How can you persuade them it's not ultimately a resource wealth grab?

[00:03:39]>> First off, great question. Secondly, look at his face when she's asking that.

[00:03:44]It's a little too close to home for Mr. Mark Carney, but here's the answer.

[00:03:48]>> Well, it's not um the um there's a series sometimes um if I may, the the discussion of how we're building the country, how Canadians are building the country gets reduced to one sector or one type of infrastructure in one sector. Um there is a very broad range of things that we're Canadians are doing to grow Canada strong. uh that involves entirely new ports in the Arctic. Uh it involves a host of uh of critical minerals. It involves um data infrastructure and other infrastructure that will be necessary. It involves uh a a series of a series of investments above and beyond the TG the the highspeed rail and and others where there is at the heart of all of these projects including in resources provincial jurisdiction including resources where the federal government is catalyzing helping to make the project happen through a tax incentive um through uh some other support regulatory or their support and at the core there is a commercial business, a commercial project that is making a profit. It is fair, right, just, smart for Canadians to have a share directly of those profits.

[00:05:11]>> So listen to him try to weasle his way out of that. Just listen. Talks about other projects that aren't related to oil. He talks about other projects that aren't related to our core natural resources. And then he says, "It's only fair for Canadians to be able to partner with these private companies and be able to benefit." That all sounds very nice, doesn't it? Oh, we'll benefit. Yeah, we'll get some money from it. It'll be awesome. This is all one big insurance scheme using our t tax dollars so his rich buddies can get even more wealthy.

[00:05:46]Allah Brookfield.

[00:05:48]That's all this is. This has been an age-old tension for a long time. is private business and government. How much does one entity over the other assume risk? Will the government put up x amount of money? Will the private sector put up x amount of money? That's always been attention. And for the longest time, guys like Mark Carney have been in the private sector and and just trying to lobby government to get them to put up more funds so that they can do these projects with the least amount of capital on their end. But now Mark Carney is the prime minister and he can put up whatever he wants as collateral to help out the private entities so make sure that they have zero risk. And the whole goal they're saying we're going to essentially ensure these projects to attract more private investment even though we've scared it all away. Not removing red tape laws, not making an environment that is investor friendly, private business friendly. No, no, no. We're now going to put up a fund where we're going to promise that we're going to ensure private projects and we're going to decide who we're going to be helping out. By the way, it's not going to be all that transparent and there's nothing you can do about it. And again, some good questions were asked of him on this. One of which was, is your government getting too involved with picking winners and losers in the economy? And this was his response.

[00:07:08]>> Is your government getting too involved uh in picking winners and losers in the economy? Uh, no is the is the short answer because what you're still driving on all of these cases is private proponents who are making the decisions whether or not to move forward. Um, and the scale of investment uh even if it's a small amount, there's the discipline of the private sector, but the scale of investment is tens hundreds of billions of dollars that uh is only going to happen if if the project the underlying project itself makes sense. And >> didn't answer the question though. He says no. In the short answer, no. But then goes on to explain something that had nothing to do with the question in the first place. Are you picking and choosing winners right now? He says no.

[00:07:52]Because still the private industry is going to make the decision if they're going to move forward or not. That's that's not the that wasn't the question.

[00:07:58]The question was, are you choosing which private sector companies you're going to go with to develop certain projects in our country? That was the question. And he didn't answer it. He gave a short answer. That was a lie. and then you went and elaborated on something that had nothing to do with it to make it look like you're answering something.

[00:08:16]And that was this whole press conference in a nutshell right there for you. And even when he was pressed on very serious issues, he got really mad and outright gave a halftruth on it to again appease the normies for people to be like, "Oh, look at all the amazing things Mark Carney is doing.

[00:08:38]Look how awesome he really is. And the more he talks and continues to say things like, "Soververeign wealth fund, we're going to catalyze. We're building." As he continues to say things like this, the elbows up crowd is just like, >> "Tell me."

[00:08:56]>> They want to be hoodwinkedked. They want to be lied to. They don't want to believe their vote sucked. They don't want to believe that their vote is a lemon. They don't want to believe the truth that's right before their very eyes. They continue wanting to focus on the lies, the sweet little lies, because the buzzwords just sound so good. Perfect example was near the end of this press conference when he was asked about, "Well, you say you're good fiscal managers. Do you think you are good fiscal managers because inflation's been helping you out?" and he really didn't like that question.

[00:09:37]>> You you said you're good fiscal managers, but inflation and energy prices have helped the books too, have they not?

[00:09:44]>> Uh well, inflation I would I'd remind that inflation in this country uh is for the entire life of this government has been in the Bank of Canada's uh target range. Okay. So there's not been a inflation uh a shift uh in overall inflation. I understand grocery prices, uh, fuel prices, that's why we've taken targeted action. Um, uh, the, um, I guess >> is Well, I I'm I'm I'm pushing inflation out of your, uh, pretext because, uh, that's that's not factually uh, correct.

[00:10:18]I'm sorry. If you can ask a factual question, you'll get a factual answer.

[00:10:21]Um, uh, are do we have some revenue uh, improvements? We have some revenue improvements, but you will see and the Minister of Finance will go through in detail and I would encourage to go through the annexes and look at the spending uh that we're on top of the spending. We're delivering on our spending commitments. Um and that's what's necessary uh in this environment.

[00:10:41]>> I'm going to take the word inflation out of your pretext cuz it's not a factual question. Okay. Okay. Mr. Mark Carney, you're basing what you just said there off the CPI data. again the CPI data of that changes and shifts what they make that basket of goods of and they're not very transparent of what is in that basket of goods. So they make sure to make it look better that they'll just shift items around to have a preferential view of what the inflation rate is. What's bringing down the inflation rate? Well, cell phone prices, telecommunications, that. But what is going through the roof? Oh, it's the things people need. Their food, as he said, their fuel, as he said, the things that they require to live are through the roof, baby. Food has only been getting worse. Yes, you can blame all gases on the war in Iran. 100% you can definitely blame it on that. However, fuel was bad before the war in Iran.

[00:11:49]So, what was your excuse then? You don't have one. You continue to shift. It's a big shell game with Mark Carney. We're going to move this over here and move that over there. And we're just going to move it around and try to display data that makes you feel better, but it's not actually factually correct. That way, you can lambbase journalists who call you out on it and try to embarrass them in front of their colleagues. But, oh, it's only Pierre Pv who does it. But I'm going to turn a blind eye when Mark Carney's an absolute jerk.

[00:12:21]Okay. Okay, you can do that. You can go ahead and do that. Let's bring it back to the self sovereign wealth fund, shall we? $25 billion endowment to ensure private sector projects deemed as nation building that the government gets to dictate who gets to access. And he says it'll be an armslength fund. It'll be handled professionally by a third party arms length from the government. Oh, because that's going to go so well, right? Who is getting rich off of this?

[00:12:56]This is all one big scheme to continue to skim money out of the taxpaying base.

[00:13:04]As I said at the start of the show, this is going to be one of the largest heists of the century. And Mark Carney is doing it right in front of your face. Elbows up is again doing this.

[00:13:19]>> And the Canadians that are paying attention are waving the red flag, shouting from the rooftops. This man is going to scam you. Nothing.

[00:13:31]All right, let's talk about funds. Let's talk about funds, shall we? Everyone loves talking about Mark Carney's economic background, his professional background. He's an outsider, right?

[00:13:41]Well, let's talk about the last fund he oversaw, the Gans, Glasgow Financial Alliance for Net Zero.

[00:13:49]Guess what? Several major US banks signed up for it and they all pulled out. The JB Morgan, Morgan Stanley's of the world, and insurers threatened to leave or successfully exited the alliance's strictest requirements after realizing they could face legal risks or anti-rust lawsuits. It was a $130 trillion push for green investment and everyone got out because it was sketchy at best. Now, this man is rebirthing the G fans of the world without really calling it that.

[00:14:23]and he's using your taxpayer dollars to do it. So instead of now private industry ensuring his lovely pie in the sky projects, you're doing it now.

[00:14:34]Congratulations, Canada. You are now on the hook for one of the largest heists of the century.

[00:14:41]Yes, it could work out. It could work out tremendously. Projects are super beneficial. Everyone gets rich. But considering this man's background and managing funds like these or at least overseeing funds like these, well, they tend to go bunk. And this will be no different. But anyways, I'll leave it there. Have yourselves a good one. Anna.