Gradually, Then Suddenly

Gradually Then Suddenly New Governor The Libranos 26 Comments


Race to the bottom: Glencore said on Tuesday it has suspended nearly $1 billion of planned investments at Horne Smelter, Canada’s largest copper metal-producing operation, after failing to secure regulatory certainty from the provincial government of Quebec.

26 Replies to “Gradually, Then Suddenly”

  1. Gangster Government has decided that they are going to force Pension Funds to do something adverse to their fiduciary duty to their pensioners?

    Can they drive down the gains of the CPPIB any more?

    1. Mustn’t let Danielle Smith touch the CPP. Who knows what partisan and political purpose she has for it!

        1. Sorry, forgot to put he /S for sarcasm or something like that.

          Around Alberta, a bunch of well printed signs went up all over the place “Hands off my CPP” The line was that Danielle Smith couldn’t be trusted with their pensions. But a sissy, prancing, blackface wearing, moron was perfectly fine.

          Wait until the lawsuit hits that the CPP “must consider climate effects in its investment decisions”

  2. No worries. Kaybeck’ll just ask for an extra billion in transfer payments from Alberta this year.

  4. “The Greek financial crisis significantly impacted pensions, reducing the average monthly pension from €1,350 in 2009 to €833 by 2015. Many pensioners faced financial hardship, with some relying entirely on their pensions while struggling with debt and rising living costs.”
    This was the result of the austerity measures required for EU and IMF bailouts.

    1. I recall a Greek bus driver made 40% more than a German bus driver at the time …

      1. I remember that a bunch of rather normal everyday jobs, such as a hairdresser, were considered a potential health risk and as a result practitioners could retire at 50.

  5. Alberta is now at 5 million citizens, which is about 13% of the Canadian population. We’ve spent many $billions in equalization and being underrepresented in both the House and Senate.

    In autumn of 2026 when we vote in our separation referendum, how much of Canada’s debt is Alberta going to be told “we have to” accept? I’m fine with comparing this number to the negotiated amount of pension funds we’re entitled to. The SCOC has already ruled that the pension funds are a tax and not an entitlement, so it’ll certainly be entertaining to see these negotiations progress… At no point do I expect the federal gov’t of Canada to negotiate fairly, nor in a timely manner, in fact it’s likely they’ll be dragging these negotiations on for a decade, because that’s what they’re like.

    Expect it.

    Related to “we do what we want because our polling shows a massive lead” …

    There’s been a poll from Mainstreet being shown online which seriously pads the #Libranos lead. When one takes a closer look it shows a problem…

    “Mainstreet releases poll showing Carney at 50% in super majority territory
    having interviewed 1250 people OVER 50 years of age
    and 180 people UNDER 50 years of age.”

    https://x.com/Tablesalt13/status/2018725306387857466

    1. Coincidentally, the federal government is also stalling on releasing Alberta’s share of the CPP. If the federal government is going to start directing CPP investments, directly or indirectly, then more provinces should ask for their share of the CPP.

      As for Alberta’s share of the national debt, I firmly believe that Alberta and Saskatchewan should not have to pay for any of the national debt accrued during Pierre Trudeau’s and Justin Trudeau’s tenure. Both Trudeau’s intentionally harmed the west’s economy out of sheer spite and hatred. The parts of Canada who kept voting the Trudeaus into power should suck up that portion of the debt by themselves.

    2. marc,
      once again, you hit it out of the park (or is that parc?)
      I sure enough appreciate your insights.

    4. “…how much of Canada’s debt is Alberta going to be told ‘we have to’ accept?”

      To which the only sensible answer is: the same amount as the United States will assume of Canada’s debt after a few good men come north to put the Libranos out of business, that is, zero.

      If you’re a Canadian government employee, you’re losing your job and your pension. Consider that alienating or driving off your husband was not the smartest thing you ever did.

      If you’re drawing a Canadian government pension, you had better have children with hearts of gold or a big inheritance coming, because that pension will disappear with the Government of Canada.

      Among the first acts of the provisional government of the Republic of Alberta, in preparation for Alberta’s applying for US statehood, should be to cash out any and all CAD-denominated assets on the Republic’s books and make the US dollar the official currency of the Republic.

      1. I might suggest we could take all of it in exchange for the interior and northern BC.

        The resultant collapse of the Canadian Dollar will mean that the debt could be retired from all the empties we return following the independence celebration 🙂

  6. I expect Governor Swalwell will be coming for my pension and my ‘wealth’ in early 2027.

    Kinda the same thing as Canada

  7. Show me an example of where government intervention helped more people outside of government circles than those in it. Billion $ Boondoggles R Us. There will be no accountability and no one held responsible.

    Anybody know how one get’s in on this?

  8. And another clue that will just fly over the elbows up crowd heads, while the everything’s normal people close there eyes and hope like hell ……
    We need someone to get us moving out of this swamp, and soon. Carney isn’t going to be the one to do it.
    Smothering progress with regs at one end , and grasping at straws at the other.
    Dogs chasing their tails .

  9. Canadian politicians would be wise to realize that life in prison doesn’t mean as much to a senior as a younger person. Just sayin’.

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