The Bureau- Brookfield’s Deep Ties to Chinese Land, Loans, and Green Deals
A review of corporate documents reveals that Brookfield—the influential $900 billion Canadian investment fund from which Liberal Prime Minister-to-be Mark Carney stepped away from in order to replace Justin Trudeau as Canada’s leader—maintains over $3 billion in politically sensitive investments with Chinese state-linked real estate and energy companies, along with a substantial offshore banking presence. One of its major real estate ventures, a $750 million entry into high-end Shanghai commercial property in 2013, involved a Hong Kong tycoon affiliated with the Chinese People’s Political Consultative Conference (CPPCC)—which the CIA labels a central “united front” entity of Beijing.
I am starting to understand why Canada choose tariffs in the Stop Fentanyl vs Tariffs episode: It was not about losing a share of the fentanyl trade, it was about angering the Chinese.
This is why President Trump is worried. Canada for the last 9.5 years under Prime Minister Trudeau has become a vassal of the Chinese Communist Party while destroying our once great military. As an aside, I am reading for the second time, the book “A Man Called Intrepid” about William Stevenson, from Winnipeg, who started up MI5 and MI6 in Great Britain and ran the secret operations based in Canada, just outside Toronto during World War II. He was the inspiration for Ian Fleming (who worked as one of his operatives) for the James Bond books (only he was made into a taller, more ruggedly handsome character). Canada was at its zenith as a military power in World War II (we had the world’s third largest navy, for heaven’s sake!) The Dairy tariffs from Quebec and Ontario do not help either.
Thanks, as always, for the historical context, “big” JMM.
Now I want to read up on that.
There were a number of people thought to be the inspiration for Flemings character.
“In his 2013 speech, UK at the Heart of Renewed Globalisation, Carney announced that “The Bank of England [has] signed an agreement with the People’s Bank of China … Helping the internationalisation of the Renminbi is a global good.””
Although Carney probably did say that, and the Elipses (…) in the middle may have cut out some context (or not), Carney wasn’t the one who signed the deal for the reciprocal currency swap worth 200 billion RMB, as it was signed 8 days before Carney took over on June 30, 2013.
Of course, Mervyn King was also an useful idiot to accept a swap when it’s been known for a long time that the PRC manipulates its currency for it’s benefit. Carney increased it to 350billion RMB in 2015, where it has remained.
Mark Carnage’s firm has invested $3 billion in China out of a $900 billion portfolio? That’s 0.3%. Peanuts.
Please tell me there’s more.
I invite readers to compare the above to Apple’s China investments.
Note: GM took a $5 billion write down on its Chinese investments.
Mark Carnage is a target rich opportunity. Surely we can do better than targeting a 0.3% investment.
But, but, but … don’t you WANT a cheap ($1,200.00) iPhone? If American-made toasters will all cost $200.00 … then American-made iPhones will cost $12,000.00 !!! Ohhhhhhhhhhh mommmmaaaaaaa
Why do you put up with this? Does CBC completely control your brains?
Check out the article on Brookfield in the Financial Times by Dan McCrum. It was picked up by ZeroHedge last week. Not good news.
Petros
This one?
https://financialpost.com/financial-times/how-much-does-brookfield-really-make
That’s it. This McCrum bloke has form when it comes to investigating large companies.
I’m amazed its taken this long to figure out that Brookfield is in China.
The Brookfield – Carney connection is good political fodder but there is nothing real there… It’s not his company, they just hired him onto the board temporarily to help them greenwash the portfolio.
Brookfield is called “The Evil Empire” for a reason – but that was Bruce Flatt’s doing not Carney.
True enough. But even Flatt’s history is shrouded in…mystery.
Good for Brookfield. They are active in the next emerging superpower which is an especially good idea as it replaces the current declining superpower.
“I don’t recall”
Carney being cross examined while running the Central Bank of London (roughly the 20 minute mark. He needed practice deceiving Parliament in England for his future stint as Canadian Prime Minister).
https://youtu.be/2gK3s5j7PgA?si=EFXZQziRv1MhCasC