It’s Good To Be King

Basic Dictatorship The Libranos 49 Comments

Alternate title: The Emperor Has No Clothes

National Post- Mark Carney’s not really supposed to be doing anything

Mark Carney may now be Canada’s 24th prime minister, but the unique circumstances of his appointment mean that he technically shouldn’t be allowed to do anything.

No appointments. No new spending or taxes. No foreign policy commitments. Nothing at all that isn’t “routine,” “non-controversial” and “reversible.”

It’s all part of the “caretaker convention,” a longstanding parliamentary tradition which holds that until a prime minister is able to “command the confidence of the House of Commons,” he’s not allowed to wield the full powers of his office.

In fact, he’s not supposed to do almost any of the things Canadians typically associate with their prime minister.

49 Replies to “It’s Good To Be King”

  1. Carnage will do whatever he damned well pleases and has made it clear he’ll use any tool at his disposal to do it. Watch the feds to come down hard on and make an example of the first pleb foolish enough to stand up.

    1. Yes, and as he said at a town hall in Kelowna B.C. recently, all tools at his disposal, including the Emergency Act.

  2. Central bankers are supposed to stay the hell out of partisan politics, too. Nobody in any position of power – not even the damn Conservatives! – raised so much as a single objection to Carney’s elevation on those grounds.

    There isn’t a convention that the Liberals & their enablers won’t erase in pursuit of power.

    1. You have been given a Central Banker as your ruler because the Powers That Shouldn’t Be have decided its time to foreclose on Canada, and they want an orderly transition. So, be a good little serf and count your pennies, even though we eliminated them.

        1. “The Bank of England and other regulators have been clear that unlike in social media, for which standards and regulations are only now being developed after the technologies have been adopted by billions of users, the terms of engagement for any new systemic private payments system must be in force well in advance of any launch.

          As a consequence, it is an open question whether such a new Synthetic Hegemonic Currency (SHC) would be best provided by the public sector, perhaps through a network of central bank digital currencies. Even if the initial variants of the idea prove wanting, the concept is intriguing. It is worth considering how an SHC in the IMFS could support better global outcomes, given the scale of the challenges of the current IMFS and the risks in transition to a new hegemonic reserve currency like the Renminbi.

          An SHC could dampen the domineering influence of the US dollar on global trade. If the share of trade
          invoiced in SHC were to rise, shocks in the US would have less potent spillovers through exchange rates, and trade would become less synchronised across countries.43 By the same token, global trade would become more sensitive to changes in conditions in the countries of the other currencies in the basket backing the SHC.

          The dollar’s influence on global financial conditions could similarly decline if a financial architecture
          developed around the new SHC and it displaced the dollar’s dominance in credit markets. By reducing the influence of the US on the global financial cycle, this would help reduce the volatility of capital flows to EMEs.”

          1. JACKSON HOLE, Wyo. (Reuters) – Bank of England Governor Mark Carney took aim at the U.S. dollar’s “destabilizing” role in the world economy on Friday and said central banks might need to join together to create their own replacement reserve currency.
            The dollar’s dominance of the global financial system increased the risks of a liquidity trap of ultra-low interest rates and weak growth, Carney told central bankers from around the world gathered in Jackson Hole, Wyoming, in the United States.
            “While the world economy is being reordered, the U.S. dollar remains as important as when Bretton Woods collapsed,” Carney said, referring to the end of the dollar’s peg to gold in the early 1970s.
            Emerging economies had increased their share of global activity to 60% from around 45% before the financial crisis a decade ago, Carney said.
            But the dollar was still used for at least half of international trade invoices – five times more than the United States’ share of world goods imports – fuelling demand for U.S. assets and exposing many countries to damaging spillovers from swings in the U.S. economy.
            Carney – who was considered a candidate to be the next head of the International Monetary Fund but failed to secure backing from Europe’s governments – said the problems in financial system were encouraging protectionist and populist policies.
            Earlier on Friday, U.S. President Donald Trump said he was ordering U.S. companies to look at ways to close their operations in China, the latest escalation of mounting trade tensions between Washington and Beijing.
            Carney warned that very low equilibrium interest rates had in the past coincided with wars, financial crises and abrupt changes in the banking system.
            As a first step to reorder the world’s financial system, countries could triple the resources of the IMF to $3 trillion as a better alternative to countries protecting themselves by racking up enormous piles of dollar-denominated debt.
            “While such concerted efforts can improve the functioning of the current system, ultimately a multi-polar global economy requires a new IMFS (international monetary and financial system) to realize its full potential,” Carney said.
            China’s yuan represented the most likely candidate to become a reserve currency to match the dollar, but it still had a long way to go before it was ready.
            The best solution would be a diversified multi-polar financial system, something that could be provided by technology, Carney said.
            Facebook’s Libra was the most high-profile proposed digital currency to date but it faced a host of fundamental issues that it had yet to address.
            “As a consequence, it is an open question whether such a new Synthetic Hegemonic Currency (SHC) would be best provided by the public sector, perhaps through a network of central bank digital currencies,” Carney said.
            Such a system could dampen the “domineering influence” of the U.S. dollar on global trade.
            “Even a passing acquaintance with monetary history suggests that this center won’t hold,” Carney said. “We need to recognize the short, medium and long-term challenges this system creates for the institutional frameworks and conduct of monetary policy across the world.”

            Writing by William Schomberg; Editing by David Milliken and Andrea Ricci

        2. Ah yes, exactly.
          Why do you think the tariffs got put into place?
          Sometimes you have to risk much to bring things that scurry around in the dark into the light.

          1. …and Mr. Carney definitely belongs to the category of things that have scurried around in the dark.

        3. By the way, thank you for bringing this to light for the readership. I suppose it goes without saying for further pondering what such a currency (or basket of currencies as they like to say) would do with regards to the people forced to use it (this is for the other readers here).
          My country seems to be in the focus, but it isn’t just about the U.S.

  3. I.M you are right. the liberals will lie, Cheat and Steal to stay in power and line their pockets with their ill gotten gains. Steve O

  4. So he’s not supposed to travel on the taxpayer’s dime I bet either.

    Did my taxes on the weekend. G’damn this government sucks you dry.

  5. Carney is a typical sociopath, just like Trudeau. He doesn’t give a f*ck about anything other than what he wants. And what he wants is unlimited power over the citizenry so he can implement his demented plans. Unless he’s tossed out on his ear, this country will implode.

  6. I was just going to post this. By any measure ,we truly have an unelected dictator exercising his authority outside the legal parameters running the country.

  7. Carney appears to not want to call and election. He may be hoping that time will soften attitudes against him and he may have a shot at making this gig permanent, or at least a full term.

    We must not let this monster take control of Canada. It will be our undoing.

    Mr. Trump … Please begin the annexation ASAP

  8. these Liberals, they truly are channeling naziism. some similarities: adolph took power on the slimmest of circumstances. it was by mass arrests and incarceration of opposition members the fait accompli came. extreme censorship, befouling of the economy which set the stage for the exalted one. spying on the public. anything else? do we have some assassinations in store?

    1. Fascism pretty much describes all nation states today with the possible exception of North Korea and Venezuela. The Chicoms may have a nominally “communist ruling party” but their economy is essentially fascist. Carney is an absolute fascist as he sees the state in total control of every financial and personal transaction through regulations on steroids or as simple as CBDCs. If he becomes an elected PM, the timeline to inevitable civil war becomes shortened. Watch Carney go for all the rest of the privately owned guns within his first few months.

  9. All is good folks. Everybody relax. We have a PM who knows what he’s doing because he’s done nothing.
    We have an Economist at the helm, a real one, not like Stephen Harper, who was really only a parliamentarian.

    You can learn that stuff on the fly. Look at how well Trudeau did; just a few years of deficits. Honest.

    Carnage ensues as we speak, with his econometric model just needing a tweak here and there, like zero carbon tax revenues but all the costs of collection and canceling the CF35 to screw our Air Forces a third time doing what Liberals do best, spend billions of dollars not buying military equipment. After SNC Lavalin their tour de force.

    Hit enter, wait for the CBC media hooks, out comes out the result. Oops, forgot to turn on the power; there you go.

    What about real life and real people and real consequences? Who cares, they’re not part of the equation.

  10. I thought the government was Prorogued.
    How can business ( lying cheating stealing etc) still be going on.
    Guess I missed something.

  11. It’s Good To Be King

    Trump has declared a bunch of auto-penned pardons to be null and void.

    1. He has recognized them as null and void, as they apparently are. If they are valid, no harm will be done. Anyone who actually get prosecuted can simply prove his pardon valid, and have the charges dismissed.

  12. No. Not “technically”. It’s just a convention, not law. That’s the problem with “conventions”.

    1. Unless “it’s in the public’s best interests”. Weasel words. Everything a politician does is in the public’s best interests – in their eyes.

    2. And now that it’s been violated no government after this is required to obey it if this is indeed the case.

    3. It was also conventional norms to be limited as to when you can prorogue parliament.
      It was also conventional that the PM would have to be elected to a seat in the HoC.

      Conventions are meaningless to this corrupt government. They will do whatever they want. Hey… if they can invoke the EA illegally… even cancel elections, they can do anything they want.

      1. and they got just the right man in just the right place to do it.
        l wonder the nature and generally how many phone calls, emails, private chit chats led to this. it would be an interesting read the workings ‘behind the curtain’ as a curiosity.
        l feel like lm tje only one in the room that senses an 11 richter scale quake is about to happen under our feet.

        lm sorry Canaduh, what you did to yourself. those confounded liberal fascists. theres always some sector in any nation and sometimes because they cheat, they get to be the boss.

        no one (ie no nation) is immune and its happened to us in the same way as elsewhere, the citizens welcomed it, demanded it.

  14. A change of PM’s, a change of back room boys. Who is Carney keeping and who is getting the boot? From out west it looks like he’s pivoting for Quebec support.

    1. Looks like the strategy is what it’s always been.
      Convince the maritime ridings the conservatives will cut off all the benefits and then tell Montreal and Toronto they will get more funding then forget about anything west of the Great Lakes.

      And as was pointed out.
      Because of prorogation, the government does not currently have the confidence of the house.

    2. The west is a Liberal wasteland, why bother? He’s off to see the kings of France & England first. The selected Liberal party leader, non-elected PM designate.
      He’s acting like a PM, same as the last guy.

    3. The west is a Liberal wasteland, why bother? He’s off to see the kings of France & England first. The selected Liberal party leader, non-elected PM designate.
      He’s acting like a PM, same as the last guy.

  15. From the article; “he (Mark Carnage) signed an order to get rid of the consumer carbon tax.”

    Uhm, get rid of? No. He temporarily set the rate to zero.

    The legislation still exists. Two minutes on a word processor, and it’s back. Most likely just after an election.

    1. Remember Jean Cretin? Didn’t he promise to axe the GST during the 1993 election campaign?

  16. I wonder if Carney’s trans daughter will be promoting transgender rights in Canada.

      1. Mark Carney had a daughter, Sophie, who he sent to (or allowed to go to) the Tavistock Clinic for ‘transgender therapy’. She goes by some new name now.

        That’s your new leader…Oh Canada…

  20. The libranos got a Trump bump in the polls after the Bong was driven from office. Trump has no interest in returning a liberal government.

    Carnival is a man of the world. He hangs out in Europe. Knows the Royal family. He’ll probably come home with some bullshit agreement in his pocket proving what a great negotiator he is.

    Carnival is tight with the chicoms. My guess is that he convinces them to drop the tariffs on canola. This gives him the appearance of a guy who can get things done. The chicoms want a librano government.

    At the same time Trump wont give him the time of day. This plays tight into his wheelhouse. Canadians have rallied around the flag. Trump is the enemy. Carnival will play that theme all the way. Canadians from the Atlantic to the Saskatchewan border will buy it. BC as well.

    1. Carnival doesn’t give a rat’s behind about the west. The canola tariffs will remain in place.
      Besides, even if he wanted to, what can he do about it?
      He can try to acquiesce and drop the tariff on China’s EV’s, but that doesn’t guarantee that the Chinese will reciprocate, and just making the attempt will show the entire planet just how week he really is.
      Best (for Carnival) to leave well enough alone.

        1. I never said he did. Obviously, China imposed the Canola tariff.
          What I said was that Carney wasn’t going to anything about it. He could try to remove the tariff on China’s EV’s, but probably wouldn’t do any good.
          Exactly where did you begin to misread what I wrote?
          In the context of my reply to abtrapper, I thought what I wrote was quite clear.

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