In the previous REALity Update, the candidacy of Chrystia Freeland as leader for the Liberal Party of Canada was considered. This part looks at leadership hopeful, Mark Carney. Since Freeland has been in elected office for ten years, she has a high media profile and has spoken often in the House of Commons, so it has not been difficult to learn her views. Mark Carney, however, has never been elected to public office, but has always worked behind the scenes in banking, investments and on economic issues. However, he has been a member of several left-wing, woke organizations such as the World Economic Forum (WEF) and has frequently been photographed with left-wing progressive elites, such as Klaus Schwab, President of WEF, and President Xi Jinping of Communist China, the most recent photograph of Carney with the latter was just last spring. There are many additional photographs of Carney with left-wing progressives and wealthy social elite, so that it can be fairly concluded that Carney is not much of a friend of hard-working taxpayers and their values. Instead, Carney is clearly a globalist, elitist, technocrat who has little concern about ordinary Canadians and their needs
Carney the Man
It must be acknowledged that Mark Carney is clever. He is a professional economist who graduated from Harvard University with a bachelor’s degree, and from Oxford, where he earned a doctorate in economics. Quite apart from his impressive academic background, Carney also boasts an impressive experience in the banking world. In 2003, Carney joined the Bank of Canada as one of the deputy governors. In 2007 he was appointed Governor of the Bank of Canada. He left the Bank of Canada governorship after 5 years (instead of the usual seven-year term) to take the position of Governor of the Bank of England in 2013. Carney then left the Bank of England to return to the world of private investment management as vice chairman of Brookfield Asset Management. In 2023, Carney was then named chairman of Bloomberg L.P., an American financial, software, data, and media conglomerate. Along the way, Carney acquired citizenship in three countries (Canada, UK and Ireland) making him indeed a “world banker.”
This brief outline of Carney’s background does not include his membership in various international organizations, including the World Economic Forum (WEF), or his appointment as United Nations Special Envoy for Climate Action and Finance, or Co-Chair for the Glasgow Finance Alliance for Net Zero which requires banks and corporations to solely invest in projects that are “environmentally sound”. Despite attempts to portray Carney as just an ordinary hardworking Canadian-hockey-playing-boy-from-Alberta, his background reveals him to be a financially well-off, well-connected bureaucrat.
Carney the Myth
At the launching of his leadership campaign in Edmonton on January 16, 2025, Carney tried to present himself as just another ordinary Canadian who could provide economic experience to help his country experiencing a difficult financial situation. Carney was born in Smith Fort, Northwest Territories along the Alberta border and moved to Edmonton when he was six years of age. He emphasized this during his remarks at the launching, referring several times to his hockey-playing youth and provided several references to well-known locations in Edmonton. He was trying to appear folksy and relatable. However, as Carney’s above noted background attests, he has long since removed himself from his Canadian roots and over the past forty years has circulated among the wealthy, technocrat elitists of the globe. At a WEF forum, held in Davos, Switzerland in 2023, Carney identified himself as a “European” rather than as a Canadian, perhaps because he holds three passports and therefore can’t quite make up his mind regarding national identity, to say nothing of loyalties. He is a multi-millionaire who has immense influence and power among the global elites.
Carney and Trudeau Share Personal Characteristics
Carney and Trudeau share many personal characteristics, perhaps the chief of which is arrogance.
Trudeau has proven to be the most ill-prepared and uninformed Prime Minister in Canadian history. This is in sharp contrast with Carney, but both men’s behaviour indicates they believe themselves to be entitled to rule over ordinary Canadians whom they apparently regard as lesser individuals, lacking their positive insights.
When Carney was asked by a reporter about the novelty of his seeking to become Prime Minister without having any previous political experience or holding public office, Carney immediately responded that he was used to “starting jobs at the top”. He believes that it is his entitlement to assume the top job of Prime Minister without any practical experience, just like Trudeau, the former drama teacher.
Carney’s Questionable Ethical Standards
Justin Trudeau and Carney seem to believe that ordinary ethical standards do not apply to them – only to others.
For example, Carney had previously been approached to become Prime Minister. In the wake of the Liberals’ disastrous defeat in 2011, Liberal operators approached him while he was serving as Governor of the Bank of Canada, to become Liberal party leader as an alternative to Trudeau. At the time, the Globe and Mail reported that Carney was interested, and over the summer of 2011 sought further information and a clarification on the strategy to be employed to defeat Trudeau. An election team was assembled on Carney’s behalf. The problem, however, was that employees of the Bank of Canada were/are required to observe strict conflict of interest guidelines requiring them to remain publicly neutral on political matters. Questions arose therefore about Carney seeking the Liberal leadership and his lack of neutrality on political issues, e.g., his October 2011 public support for the left-wing Occupy Wall Street Movement, calling their protests “entirely constructive”.
The questions about Carney’s lack of ethics caused him to depart for England to become the Governor of the Bank of England, even though he had not completed his seven-year term at the Bank of Canada.
Ethical questions about Carney arose again on September 9, 2024, when Trudeau named Carney chairman of the Liberal Party of Canada’s Leader’s Task Force on Economic Growth—a position within the Liberal Party and NOT the Prime Minister’s Office (PMO), Carney’s actual employer. This is significant because an appointment to the PMO would have required ethical disclosures and the application of conflict-of-interest rules, but there were no conflict rules required in the Liberal Party employment. Further, within a week of Carney’s appointment by Trudeau, his employer Brookfield Asset Management, the company of which Carney was then chairman, was in talks with Ottawa to create a $50 billion asset pension fund that would be capitalized in a three-way split: $36 billion from pension funds; $10 billion from Ottawa, i.e., taxpayers; and $4 billion from Brookfield. Not a good look if you are trying to avoid conflict of interest, actual, potential or perceived.
Carney and the Cult of Climate Change
Similar to Trudeau and the current Liberal Party, Carney is obsessed with climate change. It is central to his ideological beliefs. He is one of the founders of the Alliance for Net Zero (GFANZ). This alliance advocates for national banks and corporations to base investments on environmental concerns, not just profits. The objective of net zero is to eliminate investments in the oil and gas industry worldwide by preventing them from receiving investments so that electricity from “renewable energy” will prevail. It is significant that renewable energy rather than oil, coal and natural gas, or nuclear sources of energy, has been recently tried in Germany under the leadership of Chancellor Angela Merkel and continued by her successor, Olaf Scholz, who was recently defeated in a non-confidence vote in December 2024. Such a policy under Merkel/Scholz has resulted in Germany, once the industrial engine of Europe, becoming a devastated country with shuttered manufacturing and the mighty Ruhr Valley Industry Complex reduced to a mere whimper of itself. In short, Carney’s enthusiasm for the climate change cult with its liturgy of net-zero, leads to economic devastation.
Canada’s Fate Under Carney
If Carney becomes Prime Minister, Canada will face a similar fate as Germany. Carney has included in his campaign platform the promise to “eliminate the carbon fuel tax” for individuals and substitute a carbon-pricing scheme to make the “big polluters” pay. The proposed scheme is simply another form of taxation ultimately paid for by consumers/taxpayers. It is hopelessly complex and will require an army of bureaucrats to administer. He also seeks to “reward”, i.e., subsidize, those Canadians who purchase green energy electric appliances and vehicles while placing taxes on non-green purchases.
Most important of all is that Carney’s adherence to net-zero will all but cripple Alberta, Saskatchewan and British Columbia’s energy sectors, impoverishing those provinces, and Canada, for generations to come—assuming there is a Canada left as these net-zero policies are the fuel that will drive at least Alberta and Saskatchewan out of Confederation and into at least an economic union with the United States.
Carney’s Economic Mistakes
Carney has been basing his leadership bid on the fact that he has economic credentials to improve Canada’s desperate financial situation. However, confidence in Carney’s economic expertise may be misplaced. His record is not reassuring. As the former Governor of both the Bank of Canada and the Bank of England, Carney oversaw the printing of too much money, which created alarming inflation. He also interfered in politics when he should have remained neutral as Governor. He abhorred the U.K. separating from the European Union (Brexit), due to his globalist views that the U.K.’s economy should be determined by bureaucrats in Brussels who are not even accountable to the European Parliament, rather than by the U.K. Parliament. To discourage Brexit, Carney made many extremist warnings against it, claiming it would lead to economic disaster in the U.K. It didn’t. Former British Prime Minister Elizabeth Truss recently commented on Carney, criticizing him for the disastrous economic policies that have ruined the British economy to the point where His Majesty’s Government may not be able to fund its debt.
Why Does Carney Want to be Prime Minister?
In his 2021 book Value(s): Building a Better World—which reads like a Globalist/WEF propogandist’s tract, Carney makes the statement “I do not have the power to achieve the objectives of climate change.” As Prime Minister, Carney would have this power. Why else would he want to be Prime Minister? He is a multi-millionaire, who as Prime Minister would receive a salary of only $406,200 which is a mere pittance to him. He already has enormous international influence circulating with wealthy, powerful globalists worldwide. He is an advisor to the United Nations on Climate Change and Finances, and as such has ready access to the leaders of all 193 members of the UN.
Carney’s concern with the Globalist Agenda, of which “climate change” is used to manipulate and control, is his enduring and closest interest. In this regard, he is similar to Trudeau, Freeland, Gould, Singh et.al. The difference between Trudeau and Carney on climate change, however, is that Carney is smarter and more cunning than Trudeau. One can fairly conclude that Carney’s interest in becoming Prime Minister is not for the benefit of Canadians, but for the benefit of himself and his ideology. One cannot trust Carney as Prime Minister to protect the interests of Canadian sovereignty as all signs indicate that he will sacrifice it on the altar of the Globalist Agenda. Carney is through and through a left-wing ideologue. He seems to have little concern about the values of ordinary Canadians. This is indicated by his grim and overbearing description of participants of the Freedom Convoy describing them as seditionists interfering with lawful government. Carney is a danger to Canada.
Summary
Mark Carney is a longtime Liberal supporter—to the extent that he supports a national political party and is an international global activist and bureaucrat. By now, it has become apparent that Carney is the Establishment’s preferred candidate to “reset” the Liberal Party in the wake of the failure that has been Justin Trudeau. Carney, however, will not offer real change but rather will repackage the same old Liberal snake oil that has been the Party’s signature offering for years and has been the main cause of the existential crisis Canada faces today. In short, Carney, like the Liberal Party itself, is part of the problem, not part of the solution. Canadians cannot trust him. He is a danger to our country. Canada will serve as a platform for Carney to promote his own personal extremist climate change ideology.