Tuesday, July 7, 2026

Carney announces only 9 countries support the Defence, Security and Resilience Bank, 7 of which are bankrupt

Reuters reported today that PM Mark Carney announced the list of countries who have pledged support for this new lender of last resort, to be based in Canada. Ominously, other than Canada, most of the support for this boondogle comes from countries already technically bankrupt. Here's the list: Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Turkei, and Ukraine. Take Belgium and Luxembourg out of the mix, and all the support for this so-called "bank" comes from economic basket cases. Not hard to see why any country with a serious economy is giving this stinker a wide berth. There are sound reasons why no commercial bank on planet earth will touch these losers with a ten-mile pole! But here comes the favorite Banker of the Globalist elites riding to the rescue with a made-to-order "public-private-partnership" that will backstop Big Bank loans to them! That's why the Big Bank Bosses all agree this is a Great Idea. In Canada, our legacy media seem to be promoting this as a great idea. The new HQ for this new bank will be based in Canada after all, and will allegedly create 3500 well-paying jobs. Ya, and insofar as that ever comes close to being true, every one of those 3500 paycheques will come from the pockets of the Canadian taxpayer.

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