The Financial Gutting of Canada: Upping the Ante

The degree of foreign investment in Canada, i.e. U.S. ownership, cultural imperialism, the NAFTA predecessor towards North American Union, the historical and ongoing betrayal by Canadian capital, etc. are all givens. For those in the loop, the latter hover in around the political perception and analytical depth of Poli-Sci 101.

Now comes news that the sitting Conservative Government is planning a very serious sell-off of state assets, i.e. Crown corporations: Major Canadian government assets could be sold. On the chopping block are Canada Post, Via Rail, the Royal Canadian Mint, the agency that oversees security at Canada’s airports (very serious and very bad!), Atomic Energy of Canada Ltd. (yikes!), the CBC (the propaganda mother corp.) and the Canada Council for the Arts (state-subsidized artistes going boo hoo hoo).

Here is what is being put into play: it’s a squeeze, a takeover. Engineered government debt, plus depreciated asset values (courtesy of the “financial crisis”) open the door for the economic hitmen.

Zeitgeist Addendum offers one of the better introductions to global capital at work. Feel free to superimpose the Addendum with the great work being done by Chris Martenson with his Crash Course. To view the role of economic hitmen, jump to Part 4 of the Addendum for John Perkins’ explanation.

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