UN Global Taxation Efforts & Schemes

(Ways to raise money)

(This is the Paris Accord, and “Conservative” Garnett Genuis’ dishonest spin in supporting it in Parliament.)

(Shiva Ayyadurai, Republican and former Senate Candidate explains how the Carbon tax really works.)

(UN supports global tax to raise $400B)

(Details of proposed global tax scheme)

(Pensions are also being eyed as a funding source)

(UN Environment Programme)

(Green finance for developing countries)

(International Chamber of Commerce)

(Addis Ababa Action Agenda)

(Global tax avoidance measures)

(Why stop at just billions?)

These are not the only examples, but should serve as an illustration for the “taxation” efforts the UN is undertaking in order to finance its various agendas. Of course its ultimate goal is world domination.

1. Important Links

CLICK HERE, for New Development Financing: Carbon Tax $250B/year
CLICK HERE, for UN “Int’l Tax” To Raise $400B.
CLICK HERE, for Paris Accord “Financial Flows”.
CLICK HERE, for Addis Ababa, Financing Devel’t.
CLICK HERE, for Int’l Chamber of Commerce, Tax, SDA Goals.
CLICK HERE, for ICC Position on Tax, SDA Goals.
CLICK HERE, for Green Financing, Sustainable Development.
CLICK HERE, for Development Financing, “Cooperation” To Combat Tax Avoidance.
CLICK HERE, for Leveraging African Pension Plans.
CLICK HERE, for Finance 2030 SDG, $5-7T Needed.
CLICK HERE, for UN Tax Treaties Changes.
CLICK HERE, for: From Billions To Trillions
CLICK HERE, for Sustainable Financing Report.
CLICK HERE, for UN Enviro Program, Finance Initiative.
CLICK HERE, for Capital Development Finance.
CLICK HERE, for UN Join Staff Pension Fund.
CLICK HERE, for the UN Credit Union

CLICK HERE, for earlier review of Paris Accord.
CLICK HERE, for previous article debunking Paris Accord
CLICK HERE, for review New Development Financing.
CLICK HERE, for New Development Financing, the bait-and-switch.

CLICK HERE, for a recent article by Uppity Peasants on the UN Environment Programme. Also, go check out the site.
CLICK HERE, for a guest post by: BOLD Like a Leopard. This covered the “Green New Deal”, the US proposal.

2. Paris Accord Is All About Taxation

This is not an exaggeration, or hyperbole. The entire point of the agreement is to generate an enormous slush fund. The UN IPCC and select partners can then put that money into the commodities market and make trillions from it.

If you have any doubts about that, read Article 9 from the Paris Agreement. It spells out the “financial flow” in no uncertain terms.

1. Developed country Parties shall provide financial resources to assist developing country Parties with respect to both mitigation and adaptation in continuation of their existing obligations under the Convention.

2. Other Parties are encouraged to provide or continue to provide such support voluntarily.

3. As part of a global effort, developed country Parties should continue to take the lead in mobilizing climate finance from a wide variety of sources, instruments and channels, noting the significant role of public funds, through a variety of actions, including supporting country-driven strategies, and taking into account the needs and priorities of developing country Parties. Such mobilization of climate finance should represent a progression beyond previous efforts.

4. The provision of scaled-up financial resources should aim to achieve a balance between adaptation and mitigation, taking into account country-driven strategies, and the priorities and needs of developing country Parties, especially those that are particularly vulnerable to the adverse effects of climate change and have significant capacity constraints, such as the least developed countries and small island developing States, considering the need for public and grant-based resources for adaptation.

5. Developed country Parties shall biennially communicate indicative quantitative and qualitative information related to paragraphs 1 and 3 of this Article, as applicable, including, as available, projected levels of public financial resources to be provided to developing country Parties. Other Parties providing resources are encouraged to communicate biennially such information on a voluntary basis.

6. The global stock take referred to in Article 14 shall take into account the relevant information provided by developed country Parties and/or Agreement bodies on efforts related to climate finance.

7. Developed country Parties shall provide transparent and consistent information on support for developing country Parties provided and mobilized through public interventions biennially in accordance with the modalities, procedures and guidelines to be adopted by the Conference of the Parties serving as the meeting of the Parties to this Agreement, at its first session, as stipulated in Article 13, paragraph 13. Other Parties are encouraged to do so.

8. The Financial Mechanism of the Convention, including its operating entities, shall serve as the financial mechanism of this Agreement.

9. The institutions serving this Agreement, including the operating entities of the Financial Mechanism of the Convention, shall aim to ensure efficient access to financial resources through simplified approval procedures and enhanced readiness support for developing country Parties, in particular for the least developed countries and small island developing States, in the context of their national climate strategies and plans.

These are quotes directly from the Paris Accord. In particular, Article 9 makes it abundantly clear that this is all about “financial flow” and a transfer of wealth from the developed world to the developing world.

Actual environmental changes seem almost to be an afterthought. This is a giant wealth transfer scheme.

3. New Development Finance, Bait-and-Switch

Okay, what are these “revenue sources”?

  • SDR (or special drawing rights), from IMF $150B-$270B
  • Carbon taxes, $240B
  • Leveraging SDR, $90B
  • Financial transaction tax, $10B-70B
  • Billionaire tax, $90B
  • Currency trading tax, $30B
  • EU emissions trading scheme, $5B
  • Air passenger levy, $10B
  • Certified emission reduction tax, $2B
  • Current ODA Flow, $120B

If these numbers are accurate, then the US is viewed as a cash cow somewhere to the tune of $627 billion to $807 billion. Yes, this only refers to revenue potential from the United States. I believe this is annually.

What does the report say about SDAs?

These include taxes on financial and currency transactions and on greenhouse gas emissions, as well as the creation of new international liquidity through issuance of special drawing rights (SDRs) by the International Monetary Fund IMF), to be allocated with a bias favouring developing countries or leveraged as development financing. Though their potential may be high, these proposals are subject to political controversy. For instance, many countries are not willing to support international forms of taxation, as these are said to undermine national sovereignty.

No kidding. There is a lot of political opposition to taxes which are deemed to undermine national sovereignty. Could that be because these taxes AREN’T being used to support the well being of the citizenry? Instead the money is being funnelled out of the country in the name of some global good project.

This is how bait-and-switch works:
(1) Raise money using cause A.
(2) Actually spend the money on cause B.

An array of other options with large fundraising potential have been proposed (see figure O.1 and table O.1), but have not been agreed upon internationally thus far. These include taxes on financial and currency transactions and on greenhouse gas emissions, as well as the creation of new international liquidity through issuance of special drawing rights (SDRs) by the International Monetary Fund IMF), to be allocated with a bias favouring developing countries or leveraged as development financing. Though their potential may be high, these proposals are subject to political controversy. For instance, many countries are not willing to support international forms of taxation, as these are said to undermine national sovereignty.

(Page 86) Debt-conversion mechanisms
Debt conversion entails the cancellation by one or more creditors of part of a country’s debt in order to enable the release of funds which would otherwise have been used for debt-servicing, for use instead in social or environmental projects. Where debt is converted at a discount with respect to its face value, only part of the proceeds fund the projects, the remainder reducing the external debt burden, typically as part of a broader debt restructuring.

Debt to developing nations can be “forgiven”, at least partly, if certain conditions are met. However, the obvious question must be asked:

Can nations be loaned money they could never realistically pay back, in order to ensure their compliance in UN or other global agenda, by agreeing to “forgive” part of it?

(Page 86) Debt conversion first emerged, in the guise of debt-for-nature swaps, during the 1980s debt crisis, following an opinion article by Thomas Lovejoy, then Executive Vice-President of the World Wildlife Fund (WWF), in the New York Times in 1984. Lovejoy argued that a developing country’s external debt could be reduced (also providing tax relief to participating creditor banks) in exchange for the country’s taking measures to address environmental challenges. Estimates based on Sheikh (2010) and Buckley, ed. (2011) suggest that between $1.1 billion and $1.5 billion of debt has been exchanged through debt-for-nature swaps since the mid–1980s, although it is not possible to assess how much of this constitutes IDF, for the reasons discussed in box III.1.

If debt can be forgiven in return for environmental measures, then why not simply fund these environmental measures from the beginning? Is it to pressure or coerce otherwise unwilling nations into agreeing with such measures?

(Page 88)
There have been two basic forms of debt-for-nature exchanges (Buckley and Freeland, 2011). In the first, part of a country’s external debt is purchased by an environmental non-governmental organization and offered to the debtor for cancellation in exchange for a commitment to protect a particular area of land. Such transactions occurred mainly in the late 1980s and 1990s and were generally relatively small-scale. An early example was a 1987 deal under which Conservation International, a Washington, D.C.-based environmental non-governmental organization, bought $650,000 of the commercial bank debt of Bolivia (now Plurinational State of Bolivia) in the secondary market for $100,000, and exchanged this for shares in a company established to preserve 3.7 million acres of forest and grassland surrounding the Beni Biosphere Reserve in the north-east part of the country.
In the second form, debt is exchanged for local currency (often at a discount), which is then used by local conservation groups or government agencies to fund projects in the debtor country. Swaps of this kind are generally much larger, and have predominated since the 1990s. The largest such swap came in 1991, when a group of bilateral creditors agreed to channel principal and interest payments of $473 million (in local currency) into Poland’s Ecofund set up to finance projects designed to counter environmental deterioration. The EcoFund financed 1,500 programmes between 1992 and 2007, providing grants for conservation projects relating to cross-border air pollution, climate change, biological diversity and the clean-up of the Baltic Sea (Buckley and Freeland, 2011).

We will “forgive” your debt if:
(1) A portion of your land is off limits; or
(2) Debt converted to currency to fund “projects”

The entire document is 178 pages. While a tedious read, it’s worthwhile.

4. UN Wants $400B In Global Taxation

New York, 5 July 2012 –The United Nations is proposing an international tax, combined with other innovative financing  mechanisms, to raise more than $400 billion annually for development and global challenges such as fighting climate  change.    In its annual report on global development, World Economic and Social Survey 2012: In Search of New Development  Finance, (WESS 2012) launched today, the UN says, in the midst of difficult financial times, many donor countries have cut  back on development assistance. In 2011, for the first time in many years, aid flows declined in real terms

The survey finds that the financial needs of developing countries have long outstripped the willingness and ability of donors to provide aid. And finding the necessary resources to achieve the Millennium Development Goals and meet other global challenges, such as addressing climate change, will be tough, especially for least developed countries. 

The need for additional and more predictable financing has led to a search for new sources not as a substitute for aid, but as a complement to it. A number of innovative initiatives have been launched during the past decade, mainly to fund global health programmes aimed at providing immunizations, AIDS and tuberculosis treatments to millions of people in the  developing  world.  The  UN  survey  finds  that  while  these  initiatives  have  successfully  used  new  methods  to  channel  development  financing to combat diseases, they have hardly yielded any additional funding on top of traditional development assistance. 

This source explains it straight from the horse’s mouth. The UN is not taking in enough money for its various schemes. In fact, real contributions are shrinking. Therefore it is necessary to come up with new and innovative ways to tax developed nations.

Of course one of the most common ways is with the “climate change” scam. But it is hardly the only one. The UN views many forms of wealth simply as money to tap into.

5. UN Eyeing Up African Pensions

(Page 10) III. PENSION FUNDS DIRECT INVESTMENT IN INFRASTRUCTURE
International experience At 36.6 percent of GDP, assets of the pension funds in OECD countries are relatively large. As of end-2013, pension-fund assets were even in excess of 100 percent in countries such as the Netherlands, Iceland, Switzerland, Australia, and the United Kingdom (Figure 1). In absolute terms, pension funds in OECD countries held $10.4 trillion of assets. While large pension funds (LPFs) held about $3.9 trillion of assets, assets in public and private sector and public pension reserves (PPRFs) stood at $6.5 trillion.

(Page 30) C. Policy framework for investment in infrastructure Pension funds—just like other investors, domestic and foreign—need a fair, transparent, clear, and predictable policy framework to invest in infrastructure and other assets. This is important as infrastructure assets have a number of characteristics that increase investors’ perception of risk. First, infrastructure projects typically involve economies of scale and often lead to natural monopolies with high social benefits and, at times, lower private returns. As a result, infrastructure projects may require heavy government involvement. Second, infrastructure projects are often large and long-lived with a significant initial investment but with cash flows that accrue over a long horizon.

In this regard, improving the policy framework for investment can be useful to countries seeking to develop the investor base for infrastructure. For instance, the OECD’s Policy Framework for Investment (PFI) uses self-assessments and/or an external assessment by the OECD to help a country elaborate policies for capacity building and private sector development strategies, and inform the regional dialogue (OECD, 2015b). The PFI’s investment policy refers not only to domestic laws, regulations, and policies relating to investment but also goals and expectations concerning the contribution of investment to sustainable development, such as infrastructure

(Page 31) D. Infrastructure financing instruments available to pension funds Even in well-performing pension systems where the governance, regulation, and supervision of pension funds are conducive to investment in infrastructure and there is a sound policy framework for investment, there is still a need for adequate instruments to channel pension fund assets into the infrastructure sector. Pension funds can use a number of channels to invest in infrastructure. Direct exposure is gained mainly through the unlisted equity instruments (direct investment in projects and infrastructure funds) and project bonds, while indirect exposure is normally associated with listed equity and corporate debt. More specifically, pension funds can rely on a number of options such as

The paper itself is quite long, but here is the gist of it. The UN wants to take African pension funds and use them to “invest” it UN type of schemes.

While this seems harmless enough, remember the Paris Accord. The UN thinks nothing of taxing the developed world hundreds of billions of dollars under false pretenses in order to invest in the commodities market. Nor does the UN object to giving “infrastructure loans” to nations that will likely never be able to pay it back.

It should alarm people that an organization with no inherent loyalty to the region would want to use African pension funds to finance its own agenda.

6. UN Environment Programme (UNEP)

United Nations Environment Programme – Finance Initiative (UNEP FI) is a partnership between United Nations Environment and the global financial sector created in the wake of the 1992 Earth Summit with a mission to promote sustainable finance. More than 250 financial institutions, including banks, insurers, and investors, work with UN Environment to understand today’s environmental, social and governance challenges, why they matter to finance, and how to actively participate in addressing them.

UNEP FI’s work also includes a strong focus on policy – by facilitating country-level dialogues between finance practitioners, supervisors, regulators and policy-makers, and, at the international level, by promoting financial sector involvement in processes such as the global climate negotiations.

Here are the members of the Global Steering Committee. In short, this is a partnership between the UN and banking sector.

Keep in mind the “New Development Financing” agenda discussed earlier. Money is taken and used to “invest” in 3rd World Development Programs. Countries that are unable to pay back are forced either to give up sovereignty, or comply with other arrangements.

Banks are in the business of making money. Alternatively, they are in the business of acquiring assets which can be converted into money, or otherwise make them money. What if this banking alliance has no altruistic roots, and is meant to be predatory?

Uppity Peasants has an interesting take on the UNEP.

Make no mistake, this is exactly what happens to these people, by the way. One cross-country comparison between microloan recipients in Bangladesh and payday loan recipients in Canada found that both ‘products’ tend to attract the same kinds of people to them from very similar backgrounds, for largely the same reasons — i.e., neither group tends to use these loans for re-investment, such as starting a business; rather, they use them to cover day-to-day expenses at exorbitant interest rates, thus entrapping themselves in a cycle of never ending debt (Islam & Simpson, 2018). If you know how bad the consequences of payday lending can be for people in the first world, imagine how bad it is for someone who’s already living in third world-levels of poverty.

Now, part of the reason why the UNEP, of all possible agencies, is so heavily invested (emotionally and literally) into fintech and other start-up technologies is because many of the “incumbent banks” — the top-players of our current system — don’t think that completely up-ending the global financial system to move the focus away from profits and toward complying with heavy-handed, UN-decided environmental regulations is a particularly attractive road to go down. In the next excerpt, the UNEP openly admit that start-ups in this area are better to invest in for the pursuit of ‘change’, specifically because their owners tend to be new to the world of business and, as such, don’t know enough about what they’re doing to avoid being manipulated — and that’s where the UNEP comes in.

Uppity Peasants argues that the UNEP is driven much more on a business model than on any kind altruistic path. Further, the circumstances which the aid recipients require the resources to cover essential expenses means they are unable to invest anything. This is similar to a payday loan type of system.

7. Green Finance For 3rd World $5-7 Trillion

(Page 13)In 2015, governments adopted three major agreements that set out their vision for the coming decades: a new set of 17 sustainable development goals (SDGs), the Paris Agreement on climate change and the ‘financing for development’ package. Finance is central to realizing all three agreements – and these now need to be translated into practical steps suited to each country’s circumstances.

Sustainable Energy for All estimates that annual global investments in energy will need to scale up from roughly US$400 billion at present to US $1-1.25 trillion. Of that, US$40-100 billion annually is needed to achieve universal access to electricity. Overall, US $5-7 trillion a year is needed to implement the SDGs globally. Developing countries are estimated to face an annual investment gap of US$2.5 trillion in areas such as infrastructure, clean energy, water and sanitation, and agriculture.

(Page 14) The challenge for financial systems is twofold: to mobilize finance for specific sustainable development priorities and to mainstream sustainable development factors across financial decision-making.

Capital needs to be mobilized for inclusion of underserved groups (e.g. small and medium enterprises), raising capital for sustainable infrastructure (e.g. energy, housing, transport, urban design) and financing critical areas of innovation (e.g. agriculture, mobility, power).

Sustainability needs to become mainstream for financial institutions. This starts with ensuring market integrity (e.g. tax, corruption, human rights) and extends to integrating environmental and social (E&S) factors into risk management (e.g. climate disruption, water stress). Sustainability also needs to be incorporated into the responsibilities and reporting of market actors to guide their decision-making. Momentum is building to align financial systems with the financing needs of an inclusive, sustainable economy. This is complementary to ‘real economy’ actions such as environmental regulations, reform of perverse subsidies and changes to resource pricing. However, while these are critical, it is increasingly recognized that changes are also needed in the financial system to ensure that it is both more stable and more connected to the real economy.

Some interesting points here:

  • $5 to $7 trillion (yes trillion) needed annually fulfill these goals. The billions stated before was lowballed.
  • The “sustainability” agenda needs mass marketing.
  • Finance needed for:
    1. 17 goals of Agenda 2030
    2. Paris Climate Accord
    3. Finance for development
  • 3 above items to be integral part of national agendas.
  • Most of this has nothing to do with the environment

In fact, it reads like a global version of the US Green New Deal, proposed by Alexandria Ocasio-Cortez. In fact, her Chief of Staff, Saikat Chakrabarti, admitted it was about changing the economy, not the environment.

8. International Chamber Of Commerce

THE INTERNATIONAL CHAMBER OF COMMERCE ICC is the world’s largest business organization with a network of over 6 million members in more than 130 countries. We work to promote international trade, responsible business conduct and a global approach to regulation through a unique mix of advocacy and standard setting activities—together with market-leading dispute resolution services. Our members include many of the world’s largest companies, SMEs, business associations and local chambers of commerce.
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We are the world business organization.

That quote came from their policy guide. Pretty straightforward. They want to run business on a global level. Now, let’s get to the meat and potatoes, the tax proposals:

Interplay between tax policy making and economic growth The world’s population is predicted to increase by 2 billion people by 2050, and the population of the world’s least developed countries is projected to double by 2053, in some countries even tripling. By 2025 half of the world’s population will be living in water-stressed areas. Under such circumstances, the need for large-scale investment in economic growth and development becomes evident.

Whilst there is no panacea, it is evident that greater alignment of investment and tax policies would be essential in promoting investment, job creation and economic growth. International commerce remains a powerful mechanism to help lift people out of poverty. Tax is intrinsically linked to development as taxation provides the revenue that states need to mobilize resources and reinforce a country’s infrastructure. Taxation “provides a predictable and stable flow of revenue to finance public spending, and shapes the environment in which investment, employment and trade takes place.”

Further, it is important to have a fair, efficient, and effective revenue collection infrastructure to promote economic and social development. Domestic resource mobilization (DRM) has been proposed as a way to meet the SDGs with the development finance already available. However, DRM can be impeded by unclear and confusing tax systems. It is imperative that companies are able to move products and services into areas where they are most needed without unnecessary administrative impediments.

Having a reliable and consistent taxation policy seems reasonable enough. However, the ICC is not being clear on the reason behind the push. They want better taxation methods in order to INCREASE the amount of revenue available.

Governments often side with these groups, even when it is not in the best interests of the citizens themselves. “Investment” dollars are then shovelled into infrastructure projects.

Tax the people, so that the money can be “properly” spent, as the UN and their partners see fit.

9. Addis Ababa Action Agenda

(Page 10) DOMESTIC PUBLIC RESOURCE
For all countries, public policies and the mobilization and effective use of domestic resources, underscored by the principle of national ownership, are central to our common pursuit of sustainable development, including achieving the sustainable development goals. Building on the considerable achievements in many countries since Monterrey, we remain committed to further strengthening the mobilization and effective use of domestic resources

(Page 10) 22. We recognize that significant additional domestic public resources, supplemented by international assistance as appropriate, will be critical to realizing sustainable development and achieving the sustainable development goals. We commit to enhancing revenue administration through modernized, progressive tax systems, improved tax policy and more efficient tax collection. We will work to improve the fairness, transparency, efficiency and effectiveness of our tax systems, including by broadening the tax base and continuing efforts to integrate the informal sector into the formal economy in line with country circumstances.

23. We will redouble efforts to substantially reduce illicit financial flows by 2030, with a view to eventually eliminating them, including by combating tax evasion and corruption through strengthened national regulation and increased international cooperation. We will also reduce opportunities for tax avoidance, and consider inserting anti-abuse clauses in all tax treaties. We will enhance disclosure practices and transparency in both source and destination countries, including by seeking to ensure transparency in all financial transactions between Governments and companies to relevant tax authorities. We will make sure that all companies, including multinationals, pay taxes to the Governments of countries where economic activity occurs and value is created, in accordance with national and international laws and policies

(Page 13) 27. We commit to scaling up international tax cooperation. We encourage countries, in accordance with their national capacities and circumstances, to work together to strengthen transparency and adopt appropriate policies, including multinational enterprises reporting country-by-country to tax authorities where they operate; access to beneficial ownership information for competent authorities; and progressively advancing towards automatic exchange of tax information among tax authorities as appropriate, with assistance to developing countries, especially the least developed, as needed. Tax incentives can be an appropriate policy tool. However, to end harmful tax practices, countries can engage in voluntary discussions on tax incentives in regional and international forums.

(Page 45) 98. We affirm the importance of debt restructurings being timely, orderly, effective, fair and negotiated in good faith. We believe that a workout from a sovereign debt crisis should aim to restore public debt sustainability, while preserving access to financing resources under favourable conditions. We further acknowledge that successful debt restructurings enhance the ability of countries to achieve sustainable development and the sustainable development goals. We continue to be concerned with non-cooperative creditors who have demonstrated their ability to disrupt timely completion of the debt restructurings.

In no way does this cover the entire document. However, there are 3 themes which get repeated over and over again.

  1. Efficient tax collection
  2. Global tax regulations and data sharing
  3. “Sustainable” debt and borrowing

There is very little in this document, about actually improving lives, improving infrastructure, or improving the environment. Instead, it is all about implementing a global taxation system, while eliminating “off the books”, or illicit cash.

10. Global Tax Avoidance Measures

Exchange of information for tax purposes
Exchange of information has long been included as a feature of tax treaty models. By agreeing to exchange information with respect to taxpayers, countries can become more aware of the global activities taxpayers are engaging in and impose tax that should be due.

The upcoming 2017 revision of the United Nations Model Double Taxation Convention between Developed and Developing countries is expected to bring a new revised version of the exchange of information provision, following the approval of the new United Nations Code of Conduct. The Committee agreed in 2016 to a proposal for a United Nations Code of Conduct on Cooperation in Combating International Tax Evasion. This Code supports the automatic exchange of information for tax purposes as the way forward for countries generally, but recognizes that it is vital for developing countries to exchange information, even if they are not ready for automatic exchange. The Code of Conduct has been approved by the Committee of Experts in 2016, and set automatic exchange of information as the new universal standard after ECOSOC adopted the Code of Conduct in a Resolution in 2017, during the ECOSOC Special Meeting on International Cooperation on Tax Matters. .Furthermore, the OECD model convention and commentaries is expected to broaden the scope of the exchange of information article to allow triangular, or multi-party exchange of information requests.

While this certainly sounds like some well meaning way to prevent money laundering and tax fraud, there is another angle to look at.

Having a global (or at least more centralized) database of people and their taxable income will allow for more efficient and effective tax collection. This is especially true whenever a new “development project” needs funding.

Furthermore, if there is such a global system, it will be easier to determine who isn’t paying “their fair share” when it comes to contributions. Those national governments can then act accordingly. Also, who doesn’t view this as becoming a global version of Revenue Canada, or the American IRS?

11. From Billions To Trillions (SF 2.0)

Achieving the Sustainable Development Goals (SDGs) will require an enormous increase in external financing flows to developing countries. Development Finance Institutions (DFIs) have gradually started to shift their business model towards de-risking services to crowd in long-term, low-risk private capital. However, the targeted scaling up of private investment from billions to trillions to realise the SDGs contains massive risks for stability. And good macro-policies are needed, in turn, to address such underlying risks. Countries that need the greatest amount of development finance are often those that have domestic financial resource constraints and underdeveloped markets. Financing their growth and investment opportunities makes the management of exchange rate risks, which are inherent in development finance, a critical challenge.

Merely supplying development finance is not enough. It needs to be done in socially and economically sustainable ways, where risks are allocated to those who can best manage and sustain them. Efficient use of limited public resources, through improved policies and regulatory processes, is required to achieve the SDGs and related efforts. Governments around the world must work together to offer feasible business opportunities to the private sector that are in line with domestic and international development objectives. Only with such coordinated action will we succeed in moving from billions to trillions to realise sustainable progress for all.

This article should serve as a warning to anyone who thinks that this global development system is going to be steady. Wrong. Once considered “fully operational”, the next step is to upscale it, and make it far bigger.

It is not governments who will be paying for these globalist schemes. It is the working class tax-payers who will see more and more of their wealth transferred to these projects.

Of course, once your money leaves Canadian soil, there is little to no accountability or control over what happens to it. But that it routinely downplayed.

12. What To Make From All This?

To state the obvious: these agendas and agreements are bringing nations towards a global taxation model. Countries (presumably under UN control) will be expected to share data on tax paying citizens and other people earning money. While this is touted as an anti-tax avoidance measure, the real goal is making sure the global order accounts for all money and where it goes.

Going towards a “cashless society” also helps in that regard. Hence the push for more and more electronic options, while making cash payments more difficult.

Beyond enforcement, knowing which nations have money and how much will make it easier to determine who shall pay how much as their “fair share” of future projects. We won’t have nations in the traditional sense, just shareholders.

International agreements like the Paris Accord have nothing to do with the environment. That is just the sales pitch. Instead, it an excuse to funnel huge sums of money to the UN to finance their business model. It is taking advantage of an altruistic goal.

This is about having a globalist, centralized economy and taxation. The environmental and humanitarian claims are just talking points.

Free Trade #4: The Trans-Pacific Partnership, Bill C-79

(Government link for TPP, now referred to as CPTPP)

(Canada’s Bill C-79, October 2018)

1. Important Links

CLICK HERE, for Free Trade #1, thoughts on Canada-China free trade.
CLICK HERE, for Free Trade #2, intro to NAFTA, problems involved.
CLICK HERE, for Free Trade #3: more on NAFTA’s hidden costs.

CLICK HERE, for Bill C-79.
CLICK HERE, for the Government website on CPTPP

CLICK HERE, for EPI study: 3.4 million jobs lost between 2001 and 2017 due to liberalized trade with China.
CLICK HERE, for EPI study: 879K jobs lost due to NAFTA.
CLICK HERE, for EPI study: free trade drives down wages.
CLICK HERE, for EPI study: free trade and trade deficits.

Note: After the US withdrew from the agreement, it was renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

2. Trading Partner Brunei, Stoning Gays

On a side note, Brunei, a small nation governed by Islamic law, announced it would stone gays to death in accordance with religious law. It seems extremely hypocritical for the virtue-signalling Prime Minister Trudeau to have such a trading partner. However, under public pressure, Brunei has apparently backed down from the measure.

3. Portions Of Bill C-79

Causes of action under sections 9 to 13
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8 (1) No person has any cause of action and no proceedings of any kind are to be taken, without the consent of the Attorney General of Canada, to enforce or determine any right or obligation that is claimed or arises solely under or by virtue of sections 9 to 13 or an order made under those sections.

Causes of action under Agreement
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(2) No person has any cause of action and no proceedings of any kind are to be taken, without the consent of the Attorney General of Canada, to enforce or determine any right or obligation that is claimed or arises solely under or by virtue of the Agreement.
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Exception
.
(3) Subsection (2) does not apply with respect to causes of action arising out of, and proceedings taken under, Section B of Chapter 9 or Article 11.‍22 of the TPP.

Right away is a red flag. If you are a private party, there may be instances where litigation is required to protect your interests (from unfair trade practices perhaps). However, the wording makes it clear that legal action is not possible here unless the Attorney General signs off on it.

As for the exceptions, Chapter 9, Section B refers to disputes among investors, and encourages the parties to resolve the problems themselves. Article 11.22 outlines dispute mechanisms for financial services.

Payment of expenditures
.
12 The Government of Canada is to pay its appropriate share of the aggregate of
(a) any expenditures incurred by or on behalf of the Commission,
(b) the general expenses incurred by the committees, working groups and other bodies established under the Agreement and the remuneration and expenses payable to representatives on the Commission and those committees and to members of those working groups and other bodies, and
(c) the expenses incurred by panels and arbitration tribunals established under the Agreement and the remuneration and expenses payable to the panellists on those panels, to arbitrators and to any experts retained by those panels or arbitration tribunals.

Not only will Canada be forced to pay its “share” for Commission expenses, but will in effect pay to set up an alternative quasi-judicial system. Not only will Canada have to pay for that, but legal and expert expenses, and any judgements awarded against.

Orders — Article 28.‍20 of TPP
.
13 (1) The Governor in Council may, for the purpose of suspending benefits in accordance with Article 28.‍20 of the TPP, by order, do any of the following:
(a) suspend rights or privileges granted by Canada to another party to the Agreement or to goods, service suppliers, investors or investments of investors of that party under the Agreement or any federal law;
(b) modify or suspend the application of any federal law, with respect to a party to the Agreement other than Canada or to goods, service suppliers, investors or investments of investors of that party;
(c) extend the application of any federal law to a party to the Agreement other than Canada or to goods, service suppliers, investors or investments of investors of that party; or
(d) take any other measure that the Governor in Council considers necessary.

The Governor in Council can apparently:

  • Suspend rights or privileges
  • modify or suspend application of Federal law
  • extend Federal law to others not previously included
  • Do anything else deemed necessary

Without clarification or at least guidance of the topic, this is extremely vague. Worse, is the Governor in Council can make these changes without requiring consent of the public.

Most of the rest of the Bill goes into detail about how tariffs on many different items will be reduced to zero.

However, like with most free trade agreements, Bill C-79 does not address an important topic: protection of jobs for people at home. That will be addressed later.

4. Sections Of CPTPP Text

While the agreement is very long, let’s look mainly at Article 9, as it has some of the more unsettling information in it. To be blunt, it removes nations’ abilities to protect their people from foreign competition. The downside to free trade.

Article 9.4: National Treatment
1. Each Party shall accord to investors of another Party treatment no less favourable than that it accords, in like circumstances, to its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments in its territory.
2. Each Party shall accord to covered investments treatment no less favourable than that it accords, in like circumstances, to investments in its territory of its own investors with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.
3. For greater certainty, the treatment to be accorded by a Party under paragraphs 1 and 2 means, with respect to a regional level of government, treatment no less favourable than the most favourable treatment accorded, in like circumstances, by that regional level of government to investors, and to investments of investors, of the Party of which it forms a part.

This is basically the same language used in NAFTA, where no preference could be given to host countries. In short, it doesn’t matter if another party can outbid and outcompete you. Terms just as favourable must be given.

Article 9.5: Most-Favoured-Nation Treatment
1. Each Party shall accord to investors of another Party treatment no less favourable than that it accords, in like circumstances, to investors of any other Party or of any non-Party with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments in its territory.
2. Each Party shall accord to covered investments treatment no less favourable than that it accords, in like circumstances, to investments in its territory of investors of any other Party or of any non-Party with respect to the establishment, acquisition, expansion, management, conduct, operation, and sale or other disposition of investments.
3. For greater certainty, the treatment referred to in this Article does not encompass international dispute resolution procedures or mechanisms, such as those included in Section B (Investor-State Dispute Settlement).

This is much the same idea. If you treat a non-party (someone outside the agreement) a certain way, then a party within the agreement must get at least the same, if not better, treatment.

A bit misleading is the use of the term investment. Most people think of stocks and bonds as investments. While true, this agreement considers basically anything to be an investment. Here is a quote from the definitions section of Article 9.

investment means every asset that an investor owns or controls, directly or indirectly, that has the characteristics of an investment, including such characteristics as the commitment of capital or other resources, the expectation of gain or profit, or the assumption of risk. Forms that an investment may take include:
(a) an enterprise;
(b) shares, stock and other forms of equity participation in an enterprise;
(c) bonds, debentures, other debt instruments and loans;
(d) futures, options and other derivatives;
(e) turnkey, construction, management, production, concession, revenue-sharing and other similar contracts;
(f) intellectual property rights;
(g) licences, authorisations, permits and similar rights conferred pursuant to the Party’s law; and
(h) other tangible or intangible, movable or immovable property, and related property rights, such as leases, mortgages, liens and pledges,

Beyond the traditional sense of investments there is more. Any business itself, business contracts, property, or tangible or intangible items are also considered investments.

And what about countries wanting to nationalise (take public ownership), of their “investments”? Remember, under the definition provided, an investment is pretty much anything.

Article 9.8: Expropriation and Compensation
1. No Party shall expropriate or nationalise a covered investment either directly or indirectly through measures equivalent to expropriation or nationalisation (expropriation), except:
(a) for a public purpose
(b) in a non-discriminatory manner;
(c) on payment of prompt, adequate and effective compensation in accordance with paragraphs 2, 3 and 4; and
(d) in accordance with due process of law.
2. Compensation shall:
(a) be paid without delay;
(b) be equivalent to the fair market value of the expropriated investment immediately before the expropriation took place (the date of expropriation);
(c) not reflect any change in value occurring because the intended expropriation had become known earlier; and
(d) be fully realisable and freely transferable.
3. If the fair market value is denominated in a freely usable currency, the compensation paid shall be no less than the fair market value on the date of expropriation, plus interest at a commercially reasonable rate for that currency, accrued from the date of expropriation until the date of payment.
4. If the fair market value is denominated in a currency that is not freely usable, the compensation paid, converted into the currency of payment at the market rate of exchange prevailing on the date of payment, shall be no less than:
(a) the fair market value on the date of expropriation, converted into a freely usable currency at the market rate of exchange prevailing on that date; plus
(b) interest, at a commercially reasonable rate for that freely usable currency, accrued from the date of expropriation until the date of payment.

This actually does make some sense, as it provides some protections to companies and insures that their property won’t just be converted into the government’s.

However, the wording is such that any legitimate measures a nation might make to go about its business might be construed as “expropriating” or as “nationalising”. The language seems worded poorly on purpose.

And it doesn’t mention that nations have legitimate interests in protecting the jobs of its people, and the local economy. Governments are supposed to protect their people first and foremost.

Article 9.9: Transfers
1. Each Party shall permit all transfers relating to a covered investment to be made freely and without delay into and out of its territory. Such transfers include:
(a) contributions to capital;
(b) profits, dividends, interest, capital gains, royalty payments, management fees, technical assistance fees and other fees;
(c) proceeds from the sale of all or any part of the covered investment or from
the partial or complete liquidation of the covered investment
;
(d) payments made under a contract, including a loan agreement;
(e) payments made pursuant to Article 9.7 (Treatment in Case of Armed Conflict or Civil Strife) and Article 9.8 (Expropriation and Compensation); and
(f) payments arising out of a dispute.

Pull the covered investments freely and without delay? Again, almost anything is an investment under this agreement. This actually has the potential to do serious harm. Businesses wishing to leave could pull all of their “investments” and drain the country of its wealth quite quickly.

Article 9.11: Senior Management and Boards of Directors
1. No Party shall require that an enterprise of that Party that is a covered investment appoint to a senior management position a natural person of any particular nationality.
2. A Party may require that a majority of the board of directors, or any committee thereof, of an enterprise of that Party that is a covered investment, be of a particular nationality or resident in the territory of the Party, provided that the requirement does not materially impair the ability of the investor to exercise control over its investment.

This ignores a basic reality. People are loyal first and foremost to their homes and their tribes. Do people want a bunch of foreigners, with in-group preference for their homelands to be controlling so much? Probably not, but free trade deals do not deal with nations, but “economic zones”.

Inserting a condition that it not “materially impair” is vague and open to interpretation. As such, it seems almost worthless.

Article 9 is the most troubling in the agreement. But it is worth addressing one point in Article 28, which covers dispute resolution.

Article 28.4: Choice of Forum
1. If a dispute regarding any matter arises under this Agreement and under another international trade agreement to which the disputing Parties are party, including the WTO Agreement, the complaining Party may select the forum in which to settle the dispute.
2. Once a complaining Party has requested the establishment of, or referred a matter to, a panel or other tribunal under an agreement referred to in paragraph 1, the forum selected shall be used to the exclusion of other fora.

An interesting detail, parties filing complaints can shop around. There is no fixed place to do so. While this sounds fine on the surface, such could be open to gaming the system.

5. Potential For Huge Job Losses

Companies close down and new ones start up. That is normal in a capitalist society. However, free trade deals in general pose a complication. When it becomes more advantageous (ie “cheaper”) to produce a good in another country, there is always a risk. What will stop a company from closing down, laying off all its staff, and relocating in the foreign nation? Legally, nothing, at least in many cases.

The previous pieces on NAFTA addressed some on the downsides to free trade deals. The CPTPP would likely cause the same sorts of issues.

Let’s use the United States as an example. It lost 3.4 million jobs to China between 2001 and 2017 due to “liberalized trade”. Further, another 879,000 jobs have been lost as a direct result of NAFTA.

Beyond the direct job losses, trade deals have the effect of driving down wages. This is especially true for manufacturing jobs, which are traditionally well paid. The reason is leverage. If a company can threaten to relocate in order to pay its (new) workers much less, then current employees can be forced to accept significantly less compensation. One reason tariffs are applied to goods is to counter the vast discrepancies that can exist between nations.

In very lopsided trading arrangements, the benefits are not equal. Again, referring to the US, trade deficits can balloon very quickly. While some surplus or deficit is inevitable, the trading relations cannot continue unless the parties benefit fairly equally. Large trade deficits drain wealth from a nation. This is money being taken out of the country and not being spent on people here.

The CPTPP addresses NONE of these issues. Is this a form of protectionism? Yes, and there’s nothing wrong with that.

6. Conclusions Regarding C-79 & CPTPP

NAFTA was tricky enough, even with just 3 nations, all on one continent. CPTPP has more, and it covers a much larger geographic area. The wealth discrepancies are even larger.

While this is touted as an economy growth tool, the CPTPP doesn’t indicate at all how the citizens will benefit. Under the “National Treatment” provisions, foreigners must be given the same considerations as locals. If it becomes more economical to lay off people and move assets, then it’s done. There can be no protection for locals, which is what a government should be doing.

Free trade agreements tend to create a “race to the bottom”. If it becomes more profitable to ship work and jobs to another country, it is done. Locals will have to accept far less in order to compete, driving down their standards of living.

Communities benefit when there is work and wealth. Exporting it for overall economic growth is cold, and reduces people to mere cogs in a machine.

Difficult to see how average people will benefit from CPTPP.

Dr. Shiva Ayyadurai On How The Carbon Tax Works (Climate Change Scam #11)

(Shiva Ayyadurai, Republican and former Senate Candidate explains how the Carbon tax work.)

(Alternative explanation: Cosmic rays and the sun contribute far greater to climate change than does Carbon Dioxide)

(“Conservative” Garnett Genuis defends Paris Accord)

(UN Green Climate Fund)

(Getting rich off Carbon credits)

The first video explains plainly in the first video how the UN IPCC system works. It is all about generating revenue in order to use in creating climate bonds. The money is acquired through underhanded and deceptive means.

The second video offers a much more plausible explanation for variations in temperature: Cosmic rays and the sun. This half hour video gets into it.

Although Dr. Ayyadurai explains this from an American perspective, the issues are much the same in Canada. As such, it is very related to our situation.

It’s a shame that he ended up losing to Elizabeth Warren in the Senate race. Dr. Ayyadurai would have made a fine Senator. But Pocahontis (or Faux-cahontis) has name recognition and is able to run on that alone.

1. Important Links

CLICK HERE, for the Climate Change Scam Part I.
CLICK HERE, for Part II, the Paris Accord.
CLICK HERE, for Part III, Saskatchewan Appeals Court Reference.
CLICK HERE, for Part IV, Controlled Opposition to Carbon Tax.
CLICK HERE, for Part V, UN New Development Funding.
CLICK HERE, for Part VI, Disruptive Innovation Framework.
CLICK HERE, for Part VII, Blaming Arson On Climate Change.
CLICK HERE, for Part VIII, Review Of Green New Deal.
CLICK HERE, for Part VIII(II), Sunrise Movement & Green New Deal.
CLICK HERE, for Part IX, Propaganda Techniques, Max Boykoff.
CLICK HERE, for Part X, GG Pollution Pricing Act & Bill C-97.

CLICK HERE, for the Paris Accord, full text.
CLICK HERE, for the UN Green Climate Fund.
CLICK HERE, for WEF explaining carbon credits and trading.
CLICK HERE, for a Forbes article explaining the carbon credit scheme.
CLICK HERE, for an earlier piece on the $100T bond market.

2. Dr. Ayyadurai Video In Point Form

 

  1. (Pre-Carbon tax) Products are made
  2. (Post-Carbon tax) Products are still made. Now taxes charged.
  3. Carbon taxes are paid to UN IPCC, others
  4. UN IPCC issues “Carbon credits”. In essence, this is permission to “pollute”. Never mind that Carbon Dioxide isn’t pollution, but a natural byproduct of combustion, or even breathing. But anyway….
  5. So called “Carbon credits” actually go into the bond market, and allow the UN (and approved others) to use it as an investment vehicle. This is a trillion dollar industry.
  6. Former U.S. Vice President Al Gore once monopolized the market.
  7. UN IPCC used their PR branch (or propaganda arm) to pressure the US into playing ball with the Paris Accord, despite the obvious fraud.
  8. US pressured to create $100B “Green Fund”
  9. “Green Fund” used to bribe 190 other nations into joining Paris Accord, and thus legitimizing the UN scam. Odd wording here
  10. Advisors and NGOs who used US Green Fund money to influence joining of Paris Accord ended up enriching themselves in the process
  11. Scientists “alter” findings to make situation seem worse.
  12. Developing countries allowed to make situation worse. As an example, China puts out 11B tons/year now, and will be able to emit 22B tons in 2030.
  13. After 2030, China will be able to buy “Carbon credits”.
  14. UN paid “influencers” convince their nations to join Paris Accord
  15. Paying $100B to the influencers is pocket change, as the Carbon credit commodities market will generate trillions in the end. A great investment.
  16. This is really about virtue signalling.
  17. Environmental data manipulated to generate support.
  18. No conclusive evidence of temperature rise.
  19. 1st world nations will pay more for everything.
  20. 3rd world will (for years) be exempt.
  21. UN IPCC and allies are only ones who will benefit.
  22. Trump made right decision to pull out of Paris Accord.

Just 12 minutes in this video and Dr. Shiva Ayyadurai completely and thoroughly explained it. These Carbon taxes would end up in the UN, and go into the commodities market, generating trillions of dollars in revenue. The “Green Fund” is just a fund to bribe corrupt officials into playing along. And none of this would do anything to cut pollution.

One small criticism: it would have been nice to point out that Carbon Dioxide is not pollution. It is a naturally occurring compound. If it was reduced to zero, life would stop altogether.

However, in the other video provided, a sound and plausible explanation is offered. It is cosmic rays and solar activity that leads to significant variations in temperatures.

3. The Paris Accord: Articles 2, 4, 9

(Article 2)

1. This Agreement, in enhancing the implementation of the Convention, including its objective, aims to strengthen the global response to the threat of climate change, in the context of sustainable development and efforts to eradicate poverty, including by:

(c) Making finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development.

(Article 4)

3. Each Party’s successive nationally determined contribution will represent a progression beyond the Party’s then current nationally determined contribution and reflect its highest possible ambition, reflecting its common but differentiated responsibilities and respective capabilities, in the light of different national circumstances.

4. Developed country Parties should continue taking the lead by undertaking economy-wide absolute emission reduction targets. Developing country Parties should continue enhancing their mitigation efforts, and are encouraged to move over time towards economy-wide emission reduction or limitation targets in the light of different national circumstances.

5. Support shall be provided to developing country Parties for the implementation of this Article, in accordance with Articles 9, 10 and 11, recognizing that enhanced support for developing country Parties will allow for higher ambition in their actions.

6. The least developed countries and small island developing States may prepare and communicate strategies, plans and actions for low greenhouse gas emissions development reflecting their special circumstances.

(Article 9)

1. Developed country Parties shall provide financial resources to assist developing country Parties with respect to both mitigation and adaptation in continuation of their existing obligations under the Convention.

2. Other Parties are encouraged to provide or continue to provide such support voluntarily.

3. As part of a global effort, developed country Parties should continue to take the lead in mobilizing climate finance from a wide variety of sources, instruments and channels, noting the significant role of public funds, through a variety of actions, including supporting country-driven strategies, and taking into account the needs and priorities of developing country Parties. Such mobilization of climate finance should represent a progression beyond previous efforts.

4. The provision of scaled-up financial resources should aim to achieve a balance between adaptation and mitigation, taking into account country-driven strategies, and the priorities and needs of developing country Parties, especially those that are particularly vulnerable to the adverse effects of climate change and have significant capacity constraints, such as the least developed countries and small island developing States, considering the need for public and grant-based resources for adaptation.

5. Developed country Parties shall biennially communicate indicative quantitative and qualitative information related to paragraphs 1 and 3 of this Article, as applicable, including, as available, projected levels of public financial resources to be provided to developing country Parties. Other Parties providing resources are encouraged to communicate biennially such information on a voluntary basis.

6. The global stock take referred to in Article 14 shall take into account the relevant information provided by developed country Parties and/or Agreement bodies on efforts related to climate finance.

7. Developed country Parties shall provide transparent and consistent information on support for developing country Parties provided and mobilized through public interventions biennially in accordance with the modalities, procedures and guidelines to be adopted by the Conference of the Parties serving as the meeting of the Parties to this Agreement, at its first session, as stipulated in Article 13, paragraph 13. Other Parties are encouraged to do so.

8. The Financial Mechanism of the Convention, including its operating entities, shall serve as the financial mechanism of this Agreement.

9. The institutions serving this Agreement, including the operating entities of the Financial Mechanism of the Convention, shall aim to ensure efficient access to financial resources through simplified approval procedures and enhanced readiness support for developing country Parties, in particular for the least developed countries and small island developing States, in the context of their national climate strategies and plans.

These are quotes directly from the Paris Accord. In particular, Article 9 makes it abundantly clear that this is all about “financial flow” and a transfer of wealth from the developed world to the developing world.

Actual environmental changes seem almost to be an afterthought. This is a giant wealth transfer scheme.

4. The Green Climate Fund

The Green Climate Fund (GCF) is a new global fund created to support the efforts of developing countries to respond to the challenge of climate change. GCF helps developing countries limit or reduce their greenhouse gas (GHG) emissions and adapt to climate change. It seeks to promote a paradigm shift to low-emission and climate-resilient development, taking into account the needs of nations that are particularly vulnerable to climate change impacts.

It was set up by the 194 countries who are parties to the United Nations Framework Convention on Climate Change (UNFCCC) in 2010, as part of the Convention’s financial mechanism. It aims to deliver equal amounts of funding to mitigation and adaptation, while being guided by the Convention’s principles and provisions.

When the Paris Agreement was reached in 2015, the Green Climate Fund was given an important role in serving the agreement and supporting the goal of keeping climate change well below 2 degrees Celsius.

Responding to the climate challenge requires collective action from all countries, including by both public and private sectors. Among these concerted efforts, advanced economies have agreed to jointly mobilize significant financial resources. Coming from a variety of sources, these resources address the pressing mitigation and adaptation needs of developing countries.

GCF launched its initial resource mobilization in 2014, and rapidly gathered pledges worth USD 10.3 billion. These funds come mainly from developed countries, but also from some developing countries, regions, and one city (Paris).

GCF’s activities are aligned with the priorities of developing countries through the principle of country ownership, and the Fund has established a direct access modality so that national and sub-national organisations can receive funding directly, rather than only via international intermediaries.

Source is right here.

To reiterate from before: the Paris Agreement isn’t really about reducing greenhouse gases. It is a way of extracting large sums of money from “polluters” in order to finance the UN’s various agendas.

While the website sounds well meaning enough, an important detail is left out: namely the huge profit that will be derived from using these funds. As such, the conflict of interest isn’t being disclosed.

5. A $100 Trillion Industry

This was addressed in a previous article. While the public is roped into supporting the agenda on humanitarian and compassionate grounds, the truth is quite different.

Climate bonds is an industry. It’s an industry that has potential for explosive growth, as long as governments keep pouring money into it.

The climate change agenda has nothing to do with protecting the environment. It is all about the “illusion” of protecting the environment. And money.

6. Carbon Credit Profiteering

Gore and Blood, the former chief of Goldman Sachs Asset Management (GSAM), co-founded London-based GIM in 2004. Between 2008 and 2011 the company had raised profits of nearly $218 million from institutions and wealthy investors. By 2008 Gore was able to put $35 million into hedge funds and private partnerships through the Capricorn Investment Group, a Palo Alto company founded by his Canadian billionaire buddy Jeffrey Skoll, the first president of EBay Inc. It was Skoll’s Participant Media that produced Gore’s feverishly frightening 2006 horror film, “An Inconvenient Truth”.

Still, the U.S. Government Accounting Office can’t figure out what benefits taxpayers are getting from those many billions of dollars spent each year on policies that are purportedly aimed at addressing climate change. A May 2011 GAO report noted that while annual federal funding for such activities has been increasing substantially, there is a lack of shared understanding of strategic priorities among the various responsible agency officials. This assessment agrees with the conclusions of a 2008 Congressional Research Service analysis which found no “overarching policy goal for climate change that guides the programs funded or the priorities among programs.

As noted in the Forbes article, Al Gore has been able to become extremely wealthy with this scheme. Huge sums of money are taken as “Carbon taxes” and then plowed into the climate bonds industry.

While this hunger for Carbon taxes is spun as necessary for the planet, too little attention is paid to the profiteering that goes on behind it. It is difficult to take these pleas seriously when there is such a compelling profit motive.

And as the Government has noted, it’s very unclear what — if anything — taxpayers are actually getting in return for their money. It also isn’t obvious what goals or direction these programs are actually working towards.

The answer is very simple: the people running the scam want it to stay operational as long as possible. The goal is money, not ideology.

This is just one article. A quick internet search will reveal more details and examples of cashing in on this “environmental” agenda.

Either we tax countries for continuing to “pollute”, or we force them to shut down significant parts of their economy. Since the latter can’t happen without dropping the standard of living, it becomes necessary to pay up.

It’s like the mafia, except disguised as environmentalism.

7. Various UN Taxation Schemes

(A) New Development Financing: Carbon Tax Alone Could Generate $250/year, 2012
(B) UN: “Int’l Tax” To Raise $400B, 2012
(C) Paris Accord “Financial Flows”, 2015
(D) Addis Ababa, Financing Devel’t, 2015
(E) Green Financing, Sust Develop, 2016
(F) Leverage African Pension Plans, 2017
(G) Finance 2030 SDG, $5-7T Needed, 2018
(H) From Billions To Trillions, 2018
(I) Sustainable Financing Report, 2019
(J) UN Enviro Program, Finance Initiative
(K) Capital Development Finance

A few of these have been addressed in other articles. Please visit the “Climate Change Scam” section on the righthand toolbar.

This should alarm people. The UN is regularly coming up with new and innovative taxation methods. This is only a handful of them.

The Paris Accord is hardly an isolated cause.

8. Closing Thoughts On Subject

Dr. Shiva Ayyadurai is right regarding his explanation of the Paris Accord. It is an elaborate scam. While billions are pumped into climate funds, that is not the whole story. Those billions are then used to entice other nations to join the Paris Accord, thus giving it more legitimacy. The final goal is the trillions that can be gained later.

Furthermore, his explanation that cosmic radiation and solar activity play a greater role in fluctuating temperatures seems to make sense.

The Paris Accord has nothing to do with improving the environment either. All of its “mitigation” strategies are just talk. The Agreement is about generating large transfers of wealth on a continuous basis. Read the Agreement, in particular Article #9. The text leaves no doubt that money is the driving force behind it.

Climate bonds, and related “investments” are a huge industry, worth perhaps $100 trillion. This is the reason behind it all. So much opportunity. But the Carbon taxes (and other related fees), are entirely based on false pretenses.

The real losers are consumers and taxpayers, particularly from the developed world. These Carbon taxes (or “price on pollution” as claimed in Canada) will be used to funding for the UN IPCC and select allies to enrich themselves.

Canada Pension Plan (CPP) #4: Principles For Responsible Investing (UN Agenda)

1. Important Links

For some context on the Canadian situation:
CLICK HERE, for CPP #1: Investing $2B In Mumbai, India.
CLICK HERE, for CPP #2: Taking Money Out Of Canada, & Liabilities.
CLICK HERE, for CPP #3: Where Is The Money Going? Structural Shortfalls.

CLICK HERE, for UN Principles for Responsible Investing, Statement on ESG in credit risk and ratings.
CLICK HERE, for review of UN PRI (& ESG Agenda)
CLICK HERE, for CPPIB, sustainable investing.
CLICK HERE, for CPPIB PRI (2010 report)
CLICK HERE, for CPPIB’s self proclaimed “focus areas”.
CLICK HERE, for climate change brochure.
CLICK HERE, for the human rights brochure.
CLICK HERE, for the $100T industry that is climate bonds.
CLICK HERE, for 2018 Sustainable Investing Report.

For some context on the American situation:
CLICK HERE, for Social Security unable to pay obligations by 2034.

2. Quotes From 2010 Policy Guide

We are guided by certain principles as they relate to responsible investing. These include, but are not limited to, the following:
• The overriding duty of the CPP Investment Board, consistent with its mandate, is to maximize investment returns without undue risk of loss;
• Portfolio diversification is an effective way to maximize long-term riskadjusted returns;
• Portfolio constraints either increase risk or reduce returns over time;
• Responsible corporate behaviour with respect to environmental, social and governance (ESG) factors can generally have a positive influence on longterm financial performance, recognizing that the importance of ESG factors varies across industries, geography and time;
• Disclosure is the key that allows investors to better understand, evaluate and assess potential risk and return, including the potential impact of ESG factors on a company’s performance;
• Investment analysis should incorporate ESG factors to the extent that they affect risk and return;

CLICK HERE, for CPPIB expecting to invest more than just 8% in China.

3.0 Investment Strategy In the context of our long-term investment horizon, the CPP Investment Board aspires to integrate ESG factors into investment management processes, where relevant, for all asset classes within the portfolio. As stated in our principles above, it is our belief that responsible corporate behaviour with respect to ESG factors can generally have a positive influence on long-term financial performance.

For public equities, the CPP Investment Board’s responsible investing team works with internal portfolio managers to assess ESG risks and opportunities as they relate to overall corporate performance. In our private market and real estate investments, ESG factors are evaluated, where applicable, in the due diligence process and monitored over the life of the investments

4.4 Industry Dialogue The CPP Investment Board participates in broader domestic and international discussion about definitions, priorities, standards and best practices in responsible investing.
.
The CPP Investment Board participates in a number of organizations, including:
.
UN Principles of Responsible Investment
• Canadian Coalition for Good Governance
• Pension Investment Association of Canada
• International Corporate Governance Network
• Council of Institutional Investors

First things first. This policy guide was released in August 2010 when Stephen Harper was Prime Minister, not Justin Trudeau.

The guide outlines repeatedly how UN principles for responsible investment (PRI) will be followed. It also states that environmental, social, governance factors (ESG) will also be taken into account. This is right out of the UN agenda.

3. CPPIB’s So-Called “Focus Areas”

  • Climate Change
  • Water
  • Human Rights
  • Executive Compensation
  • Board Compensation

Shouldn’t a pension fun be focused on growing the size of the fund first and foremost? Why does virtue signalling have to factor into absolutely everything? But this isn’t the worst of it. Let’s dig a little deeper into these categories.

4. CPPIB Starts Issuing “Climate Bonds”

In June 2018, CPPIB completed its inaugural issuance of green bonds, becoming the first pension fund in the world to do so. Investors bought $1.5 billion of the 10-year bond, which Bloomberg reported was a record at the time for a single green bond transaction in Canada.

Since their introduction in 2007, green bonds have become a mainstream way for companies, governments and other organizations to raise funds for projects with environmental benefits. The issuance of a green bond was a logical next step to our investment-focused approach to climate change. Capital was raised to provide additional funding as we pursue acquisitions of strong, long-term investments eligible under our Green Bond Framework. In the 12 months to June 30, 2018, we announced plans to invest more than $3 billion in renewable energy assets.

This sounds lovely, except the CPPIB seems oblivious to the complete money pit that “green initiatives” have shown to be in projects across Canada and elsewhere. I really don’t see how they will be able to repay investors for these bonds.

Climate change is one of the most significant physical, social, technological and economic challenges of our time. Its impacts are expected to be pervasive and broad-ranging. Scientists believe it is critical to limit global warming to less than two degrees Celsius (2°C) above pre-industrial levels in order to prevent irreversible damage. Rising temperatures and sea levels create physical and transition risks, such as water scarcity, threats to biodiversity, extreme weather and policy and market risks.

Such changes also create potential investment opportunities in areas such as technological innovation and renewable energy (see table on page 2 for details) that may present themselves in the near, medium or long term. Given our exceptionally long investment horizon, we are actively addressing climate change to increase and preserve economic value, in accordance with our mandate. The implications of the global transition to lower carbon sources of energy will be far reaching for investors and companies alike.

It is difficult to tell what (if any) the board actually believes in this climate change, and how much is simply a shrewd business move. See here, for more info on climate bonds.

It appears that CPPIB is simply trying to profit from the political winds that is the climate change agenda. And it is using Canadian pension funds to finance this openly partisan agenda.

5. Human Rights As Business Perspective

Why We Engage
Human rights are relevant from an investment perspective because operational disruptions and reputational damage can arise when these matters are not appropriately managed. Effective human rights management is important for companies’ enhancement of long-term value.

We believe strong human rights practices contribute to sustaining long-term value. Working with companies in our portfolio on this topic is an important part of our mandate to maximize long-term returns. Companies with strong human rights policies and practices are less likely to face disruptions to operations from legal and regulatory risk, protests, workforce action and other activities. They are also less likely to suffer reputational damage due to human rights-related controversies. We also assess human rights risks within the supply chain of companies, primarily considering poor working conditions and labour issues (such as child labour). We are currently focusing our efforts on supply chain management in the consumer and information technology sectors.

So much for principles here. Human rights not from a moral or ideological perspective, but purely from a commercial one.

6. Sustainable Financing Report For 2018

Note: the report indicates that only 15% of the various investments are actually within Canada. The rest are abroad, including 38% in the US.

Also worth noting: the CPPIB claims to have $356.1 billion in assets. The reality (using close-group valuation actually rates it at almost $1 trillion in liabilities all told.

We integrate environmental, social and governance factors into our investment analysis, both before and after making investments. Our Sustainable Investing group works with investment teams throughout CPPIB to help them identify and assess ESG matters.

CPPIB’s assessment of ESG considerations can be an important factor in determining whether a potential investment is attractive. Where such ESG considerations are material, they can significantly affect our assessment of a company’s risk profile and value.

CPPIB’s Sustainable Investing group works across the organization to support investment analyses on the impact of ESG factors. It also conducts research on industry standards and best practices, and expands our knowledge and resources by collaborating with external partners and industry associations.

Subsequent pages go on at length about the ESG (environment, social, government) goals. However, the point is pretty clear. All investment decisions, including areas to invest in, are looked at through this lens.

7. Why Involve Our Pensions In This?

This reeks of social engineering more than any real sound financial advice. The CPPIB seems to drink the climate change Kool-Aid in its entirety with this.

While diversifying a portfolio makes sense, it is rather troubling that the overwhelming majority (85%) of the fund is actually being sent overseas. Wouldn’t it make more sense to be investing in Canadian projects and infrastructure?

Once the money leaves Canada, it becomes difficult, if not impossible to track and keep control of.

Backdoor Replacement Migration In Canada — More Detail

(Temporary Foreign Workers can become Permanent Residents)

(One option for college, university graduates is the Provincial Nominee Program. Its name varies slightly by Province)

(Brooks, AB, and cheap foreign labour)

1. Important Links

CLICK HERE, for a previous article on the subject.
CLICK HERE, for Canada’s immigration rate: 1 million/year.
CLICK HERE, for previous article on CANZUK.
CLICK HERE, for the Conservative Party and globalism.

CLICK HERE, for fastest/cheapest ways to come to Canada

CLICK HERE, for Northern and Rural Pilot Program.
CLICK HERE, for new program, path to permanent residence specifically for agriculture workers.

CLICK HERE, for “Study In Canada” site.
CLICK HERE, for Temporary Foreign Worker Program.
CLICK HERE, for the International Mobility Programme.

CLICK HERE, for getting a temporary residence permit in the case of domestic violence
CLICK HERE, for applying for permanent residence based on domestic violence.
CLICK HERE, for Calgary research into shelters: 40% of domestic abuses cases involve Muslim families.

CLICK HERE, for CPC Policy Guidelines (Article 139(ii)).

2. The Rule From Before

If a Conservative or Nationalist isn’t willing to talk about the FULL SCALE of immigration into the country, there’s no reason to trust anything they say on the subject.

Disclaimer: If any program has been missed, please contact and it will be promptly added.

3. Faith Goldy Drops Truth Bombs

Faith Goldy does a livestream here, discussing the full scope of mass migration into Canada. She correctly points out that public debate is limited (Permanent + Refugees), while other categories are not discussed in the political sphere. She also points out the elephant in the room: politicians focus on replacing citizens with foreigners rather than promoting higher birth rates within Canada. The name “replacement migration” fits perfectly. Great video. Watch and subscribe.

Honourable mentions: YouTuber Rants Derek also points out some hard truths. (See 1:10-1:50). Another channel worth subscribing too, as he covers difficult and important topics. Also see this article by Spencer Fernando.

4. Totals From Before

(From the 2018 Report to Parliament)

(From the 2018 Report to Parliament)

Source: 2018 Report To Parliament

Also worth noting, 525,000 people got their citizenship in a 12 month period. This is despite the “backlog”, and only taking ~350,000 people into Canada.
Source: StatsCan population data.

Year TFW Int Mobility Student
2015 73,016 175,967 218,147
2016 78,402 207,829 265,111
2017 78,788 224,033 317,328

Remember: This table only covers “temporary” entrants (workers and students), and is outside what politicians typically declare. While these programs are officially marketed as temporary, there are a number of avenues to stay longer and become a permanent resident.

Now, combine the 2017 “temporary” totals with the approximately 350,000 permanent and refugees that the government declares and you get this.

350,000 (Perm + Refugee)
+78,788 (Temp Foreign Workers)
+224,033 (International Mobility)
+317,328 (Student Visas)
970,149 (total)

However, the only heading being debated is the 350K at the top (permanent and refugee). Very disingenuous to not include the entire amount.

Canadians are deceived, as most are likely not aware of the actual intake. The P+R categories only represent about a third of total immigration. And this doesn’t even cover the illegal entries.

5. Temporary Foreign Worker Program

This should be self explanatory, but let’s get some more information on this. Is temporary really temporary? Not really. From the factsheet which is freely available online.

Advantages to Employers
For employers who have been unable to recruit Canadian citizens or permanent residents for job openings, the TFWP makes it possible to hire workers from abroad. Employers might also find a qualified foreign worker already in Canada, such as a foreign worker who is about to complete a job contract with another employer or a foreign national holding an open work permit that allows the employee to work for any employer in Canada.

While most temporary foreign workers will be hired to address a specific, short-term labour need, some temporary foreign workers who initially came to fill a temporary vacancy can transition to permanent residence if they meet certain requirements. For example, the Canadian Experience Class is open to foreign nationals who have been working full-time in Canada as trades people or in managerial or professional occupations and meet certain other requirements. Other foreign workers may qualify through the Provincial Nominee Program for permanent residence in Canada. These routes exist to ensure that workers who have shown that their skills are in continuing demand and that they have already adapted well to life in Canada can build a future here.

Source is here.
While this is called the “Temporary” Foreign Worker Program, the wording makes it very clear. The pathway to Permanent Resident is built in intentionally. This absolutely is a pathway to PR, and from there, citizenship. Extremely misleading to the public.

Not only that, there is no requirement to attempt to hire a Canadian worker. An employer can just hire a foreigner who happens to already be in Canada.

6. Agriculture Specific PR Path

Thousands of temporary foreign workers in greenhouses, mushroom farms and meat processing plants will soon be given a path to permanent residency.

Under the three-year “Agri-Food Immigration Pilot,” 2,750 workers and their families will be able to apply for permanent residency each year. The federal government says it could mean up to 16,500 new permanent residents.

From this article, a pilot program set up to fast track people in agriculture to Permanent Resident status. It was created specifically for this industry.

Working in meat processing plants? Kind of like how things went in Brooks, Alberta, after Jason (Bilderberg) Kenney brought in cheap foreign labour? Those Somali Muslims?

Another boutique program to greenlight permanent residence to people coming into Canada.

7. Northern And Rural Program

The Rural and Northern Immigration Pilot is a community-driven program. It’s designed to spread the benefits of economic immigration to smaller communities by creating a path to permanent residence for skilled foreign workers who want to work and live in 1 of the participating communities.

This new initiative aims to get more immigration to smaller towns under the pretext of “economic development”.

In reality, it will likely make such small towns unrecognizable by inducing rapid demographic shifts. Want to get away from all the diversity in big cities? Now you won’t be able to, bigot.

Take for example, Brooks, AB, which was culturally enriched by then Immigration Minister Jason Kenney bringing in Somali Muslims to fill jobs at a meat packing plant.

8. Student Visas

Information is from here. Rather than rehashing it, here is the actual quote. It outlines a number of benefits to studying in Canada. They include

(1) International students in Canada can work for up to 20 hours per week during semester, and on a full-time basis during school breaks.
(2) The tuition fees to study in Canada, even for international students, are usually lower than in other countries.
(3) The spouse or common-law partner of an international student may accompany the student in Canada. Not only that, spouses and partners may obtain an open work permit, allowing them to work any hours they wish and for any employer.
(4) International students in Canada can bring their children to Canada, and the kids can attend one of Canada’s public elementary or secondary schools without needing their own study permit.
(5) Canada’s largest cities are ranked among the best student cities by the QS World University Rankings, with Montreal ranked the best student city in the world and Vancouver and Toronto not far behind.
Graduates can work in Canada for up to three years on an open post-graduation work permit (see below under ‘Earn’).
(6) Rather than closing the door on graduates who complete their studies in Canada or making things incredibly difficult, as some countries may do, Canada actively sets out to provide permanent residence pathways to students and graduates (see below under ‘Stay’).
(7) Canada’s liberal citizenship naturalization process allows international students to count time spent on a study permit towards citizenship residency days requirements.

The Provincial Nominee Program is a common, but not only, option for graduates looking to stay.

Not much I can add to this. Comparatively lax standards, and easy to move to Permanent Residence. Upon graduation, you are given 3 years. Also your time studying counts.

Canada’s international student population is surging, even as domestic student count is falling. Why is this? Different motivations. More and more Canadians realize that university, (and to a degree college), is useless for employment. However, foreigners looking to immigrate to Canada see college as a stepping stone to do so.

Will all students stay after graduating? No, but a lot will.

9. Students, Bring Your Families

This was alluded to earlier. Canada not only takes in lots of students, but allows them to bring a spouse and children. For everyone, time in Canada counts towards obtaining permanent residency.

Not just one person gaining time towards Permanent Resident status, but the family. Let that sink in.

In 2017, Canada issued 317,000 student visas. Theoretically, every one of those people would be able to bring a spouse and children, if they had any.

It is not the education that is the real value. Even STEM degrees don’t guarantee employment. Rather, student visas are used as a stepping stone to permanent immigration into Canada.

10. International Mobility Programme

Also known as the Youth Mobility Program, this allows foreign workers to come to Canada for 1-2 years for casual work, schooling, or travel. There is an age limit of 35. In 2017, Canada admitted 224,000 people under the International Mobility Programme

While this is sold to the public as a “temporary” visa, that is not the full story. Is a person is resourceful, they will likely be able to find another way to stay in the country. This would be by lining up another visa, making further education arrangements, getting married, or pursuing another method.

There absolutely are ways around the “temporary” nature.

True, many people will go back to their home countries after that 1 or 2 year period is up. But it is also true that creative people can get around the intent of the program.

11. Allegations Of Domestic Violence

From an earlier article on domestic violence:

Research by her organization found some shelter providers in Calgary found up to 40 per cent of women seeking help were visible Muslims. Many are new immigrants and refugees and can be socially isolated with few friends and no family in Canada.

And what does that translate to overall? Calgary’s Muslim population is about 3% of Calgary’s overall population. So let’s do an apples to apples comparison.

Let’s do some math: suppose you have a city with 1,000,000 citizens, which would mean 30,000 muslims, and 970,000 non-muslims. Now, suppose there are 1,000 incidents of domestic violence in a year. That means that 400 of those incidents would involve muslims, and 600 would involve non-muslims.

Now, those 30,000 muslims would have been involved in 400 domestic violence incidents, or about 1333 per 100,000 people. The 970,000 non-muslims would have been involved in 600 domestic violence incidents or about 62 per 100,000 people. Comparing the two groups of 1333 and 62 per 100,000, we divide and (1333/62=21.5). We get about a magnitude of 21 or 22.

That’s right. Per capita (assuming the research is correct), Muslim families engage in domestic violence at more than 20 times the rate of non-Muslim families. Let that sink in.

That is likely to get a lot worse, though not for the reasons you might be thinking.

Beginning July 26, newcomers who are victims of domestic violence can apply for a free temporary resident permit that will give them legal immigration status in Canada. That will include a work permit and health-care coverage. In “urgent” situations of family violence, the government will expedite the process by allowing people to apply for permanent residence on humanitarian and compassionate grounds.

According to the CBC, people leaving domestic abuse situations can apply for a temporary residence permit. That can then become permanent residence based on compassionate grounds.

Get ready for more claims. Furthermore, it doesn’t specifically limit one spouse per person.

12. CANZUK Will Erase Borders

(The CPC strongly supports CANZUK)

(CPC policy is to give temporary workers permanent residence status wherever it is feasible. From Page 52 of policy guidelines)

The Conservative Party of Canada fully endorses CANZUK. This is the Canada, Australia, New Zealand, UK pact which eliminates trade and movement barriers between countries. Plainly said, it erases the borders. While this seems harmless, it must be noted that the agreement explicitly states that other nations may be added later.

Using political, social and economic analysis, CANZUK International’s Research Associate, Luke Fortmann, explores the future possibilities of other countries joining a free movement and trade alliance with Canada, Australia, New Zealand and the United Kingdom.

A useful way to begin is by taking a look at the CANZUK countries’ dependent territories, such as Christmas Island, the Cook Islands and Anguilla, for example, which are dependencies of Australia, New Zealand, and the UK, respectively, as well as the UK’s Crown dependencies (Guernsey, Jersey, and the Isle of Man).

Each area would naturally become full members of the new group along with the nations to which they are related. Some advocates claim that these small islands, and their generally sparse populations, are currently under-utilised, and that a CANZUK alliance would offer a tremendous opportunity for their communities to acquire a far more extensive set of rights by becoming equal partners in a union, while shaking off their somewhat colonial tint.

Widening our scope, we arrive at the Commonwealth realms. These realms are sovereign states who are members of the Commonwealth and who currently share Queen Elizabeth II as their monarch, of which, there are 16 including the CANZUK countries.

Additionally, it’s been noted that, particularly concerning the more populous realms such as Jamaica and Papua New Guinea, immediate free movement would generate a rush of emigrants who may be poorly equipped for employment in the CANZUK countries; while at the same time enticing the more skilled minority away from their homeland in search of better-paying positions in the richer nations, ridding schools and hospitals of vital staff.

Instinctively, the next place to turn is to the Commonwealth as a whole. Broadening our vision in this way does present some of the same issues, as well as some new ones. A complete Commonwealth union would of course be dominated by India, with a population of over 1.3 billion, along with Pakistan (193 million), Nigeria (186 million), and Bangladesh (163 million) who would dwarf the CANZUK countries in terms of inhabitants, rendering them merely minor players.

Does that scare you yet? India, Pakistan, Nigeria and Bangladesh have a combined population of almost 2 billion people. Imagine erasing the border between them and Canada. It would be a population overrun, if even 10% of those people came here.

What does the (potential) CANZUK list look like?

  • Anguilla
  • Antigua
  • Australia
  • Bahamas
  • Bangladesh
  • Barbados
  • Belize
  • Canada
  • Christmas Island
  • Cook Islands
  • Grenada
  • Guernsey
  • India
  • Isle of Mann
  • Jamaica
  • Jersey
  • New Zealand
  • Nigeria
  • Pakistan
  • Papua New Guinea
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Solomon Island
  • Tuvalu
  • United Kingdom

CANZUK is a trojan horse. It is “marketed” to the public as a loosening of borders between only Canada, Australia, New Zealand and the UK. However, the group makes it explicit that other countries joining is entirely possible.

If, for example 50 million Indians were to come to Canada (just 4% of their population), Canada would double in size, and the voting results would be altered forever. This is demographic replacement.

13. Global Migration Compact Implemented

While officially “non-binding”, that is not really the case. They can become the basis for court decisions at later dates. For reviews, see here, see here, and see here.

This was signed by the Liberals on December 10, 2018. While the People’s Party, and now the Conservative Party, claim to oppose the Compact, how serious are they? Both “conservative” parties support mass migration and give little thought to protectionist measures.

“Conservative” parties value immigration for growth in terms of population and GDP. They care little, if at all, of ensuring cultural compatibility. Furthermore, conservatives never focus on boosting births within their nations. It is always more immigration.

14. Focus On Raising Local Birthrates

(Russia on boosting birthrates)

(Hungary: No income tax for women with 4+ children)

Thailand is encouraging more children. Italy is doing a land giveaway for married couples.

Why do Canada’s politicians not do this? Why is the solution always immigration? The exact methods and incentives are totally up for debate, sure. But governments should be encouraging their own citizens to have more children if they need more growth, or even just to reverse a decline.

Guess what, when you try to replace with migration, you eventually replace your population. Having more Canadian children here, and raising them as Canadians is far preferable to importing replacement cultures.

15. Canadians Need To Know The Truth

Yes, some of these topics have been covered before. But the truth still needs to be told, and needs to be made clear.

Canada’s politicians are lying about the scale of mass migration and replacement migration in Canada. The “debate” is limited to a few categories, while others are ignored. In fact, it is those “ignored” topics that actually comprise the bulk of immigration in Canada

Canada’s annual immigration rate is not around 300,000 to 350,000. All told, it is more like a million a year. The public is lied to about this.

Not only is the full scale lied about, but globalist politicians in Canada want to erase borders with agreements like CANZUK and the Global Migration Compact.

If more people are needed, then they should come from within. Boost the birthrate of Canadians, and grow the country organically.

WE NEED CANADIAN CHILDREN, NOT REPLACEMENT MIGRATION

Please spread the truth, and make other people aware.

CANZUK — Erasing Canada’s Borders and Sovereignty

(CPC party convention in Halifax, 97%-3% vote in favour of partially erasing Canadian borders)

(Canzuk video on its website)

1. Important Links

CLICK HERE, for CANZUK International.
CLICK HERE, for prior article of Conservative party endorsing a variety of globalist policies.
CLICK HERE, for possible expansion of CANZUK Zone.
CLICK HERE, for nations which Queen Elizabeth is head of.

CLICK HERE, for a proposed “CANZUK Army”.

2. CANZUK’s Political Advisors

A lot of members of the “Conservative” Party of Canada. Have to wonder exactly what they’re “conserving” here. Also worth mentioning that Andrew Scheer, a “Conservative” also appears on the site with enthusiastic support for the agenda.

It was bad enough to see Scheer chugging a milk at his acceptance speech, (as his win was provided by Dairy Cartel rigging). This is arguably much worse. The erasure of Canada and Canadian borders marketed as opportunity.

3. CANZUK’s Official Mission

CANZUK International (CI) is the leading group advocating closer ties between Canada, Australia, New Zealand and the United Kingdom, known amongst diplomats at the United Nations as the ‘CANZUK Group’.

Free Trade
CANZUK International seeks to establish a comprehensive multi-lateral free trade agreement between Canada, Australia, New Zealand and the United Kingdom. Customs duties and other barriers to commerce would be removed. Such a union would give its constituent members more collective bargaining power in dealing with large trading partners such as the USA, China, India and the European Union.
.
Freedom of movement within the CANZUK Group for citizens of the four realms would be an essential ingredient for a successfully open market. As these nations have compatible economic profiles, this form of immigration would be unlikely to lead to distortions in labour markets. Not only would an arrangement of this kind make good economic sense, it would reinforce a feeling of solidarity amongst the four kindred peoples. The Trans-Tasman Travel Agreement between Australia and New Zealand is a working model upon which to build. Although freedom of movement exists for citizens of both countries, there is an exclusion provision for those deemed to be a threat to the national interest. In this way mobility can foster trade and economic growth without jeopardising security.

Foreign Policy
CANZUK International endeavours to promote greater cooperation amongst the CANZUK Group with respect to foreign policy, defence and intelligence gathering. The ‘Five Eyes’ (FVEY) agreement between Canada, Australia, New Zealand, the United Kingdom and the United States of America has been highly effective in gathering signals, military and human intelligence. It provides a useful starting point for a more comprehensive diplomatic alliance for the nations of the CANZUK Group, which would compliment the work of the North Atlantic Treaty Organisation (NATO) and the United Nations Security Council (UNSC). An association comprising Canada, Australia, New Zealand and the United Kingdom would enjoy a more balanced relationship with the United States. Collectively, these countries could be global rather than merely regional players in the geopolitical arena.

Constitutional Affairs
The shared Sovereign would be an essential aspect of any CANZUK Group association. The monarch, who represents a global institution, has played an important role as a symbol of a common heritage and parliamentary tradition. Furthermore, the Crown has been the cornerstone of democratic government and the rule of law over a long history of peaceful constitutional development. It is instructive to note that the English speaking countries which have retained the monarchy have been far more successful in avoiding civil unrest than their republican counterparts.
.
In concrete terms, the existing dialogue between viceregal representatives and the judiciary of the CANZUK Group should be encouraged. This initiative could build upon meetings that already occur between the Governors-General of the various Commonwealth realms every two years. The joint decision to revise the royal succession laws through the Perth Agreement of 2011 is a good example of effective collaboration in regard to matters of constitutional law.

One interesting thing is that this only talks about such closer cooperation between the “CANZUK” nations: Canada, New Zealand, Australia and the UK. A lot of this seems very reasonable.

However, in a different part of the website, CANZUK International talks about extending memberships far beyond the original 4 members. And it is quite a long list.

Remember: it is pitched to the general populations as increased cooperation between 4 nations of fairly similar language, culture and customs. That is how to sell it. Once it is sold and operational, the goal becomes to expand its size and influence.

Nice bait-and-switch.

4. CANZUK Could Expand To Other Countries

Using political, social and economic analysis, CANZUK International’s Research Associate, Luke Fortmann, explores the future possibilities of other countries joining a free movement and trade alliance with Canada, Australia, New Zealand and the United Kingdom.

It should be said that a new Commonwealth union would be welcoming of any potential members – with each being considered on a case-by-case basis – and that the CANZUK project is very much a work in progress; always receptive of fresh ideas and potential avenues to explore.

A useful way to begin is by taking a look at the CANZUK countries’ dependent territories, such as Christmas Island, the Cook Islands and Anguilla, for example, which are dependencies of Australia, New Zealand, and the UK, respectively, as well as the UK’s Crown dependencies (Guernsey, Jersey, and the Isle of Man).

Each area would naturally become full members of the new group along with the nations to which they are related. Some advocates claim that these small islands, and their generally sparse populations, are currently under-utilised, and that a CANZUK alliance would offer a tremendous opportunity for their communities to acquire a far more extensive set of rights by becoming equal partners in a union, while shaking off their somewhat colonial tint.

Widening our scope, we arrive at the Commonwealth realms. These realms are sovereign states who are members of the Commonwealth and who currently share Queen Elizabeth II as their monarch, of which, there are 16 including the CANZUK countries.

But, whether founded or not, the notion that free immigration was causing problems for the UK was undoubtedly a primary motivation for its departure from the European Union. A CANZUK union would seek to avoid such issues by moving slowly and steadily with the original four members, providing economic assistance to the realms before allowing their eventual membership.

Additionally, it’s been noted that, particularly concerning the more populous realms such as Jamaica and Papua New Guinea, immediate free movement would generate a rush of emigrants who may be poorly equipped for employment in the CANZUK countries; while at the same time enticing the more skilled minority away from their homeland in search of better-paying positions in the richer nations, ridding schools and hospitals of vital staff.

Instinctively, the next place to turn is to the Commonwealth as a whole. Broadening our vision in this way does present some of the same issues, as well as some new ones. A complete Commonwealth union would of course be dominated by India, with a population of over 1.3 billion, along with Pakistan (193 million), Nigeria (186 million), and Bangladesh (163 million) who would dwarf the CANZUK countries in terms of inhabitants, rendering them merely minor players.

When weighing up the potential barriers to entry that many of these Commonwealth countries have, we’re often confronted with the challenge that this new alliance is concerned only with nations that are populated by white folk. Such criticism is fairly lazy and can be easily dealt with. Firstly, as we’ve just seen, there’s absolutely no reason why these countries couldn’t join in the future, so long as efforts were directed at bringing them up to par in the ways just discussed.

At first, the project will be challenging enough, and caution will be required. Having said that, and as previously mentioned, CANZUK’s immense potential truly knows no bounds, and, down the line, further options can always be explored.

Theoretically, who could become part of CANZUK at some point in the future? Here is the list, based on the above criteria and comments:

  • Anguilla
  • Antigua
  • Australia
  • Bahamas
  • Bangladesh
  • Barbados
  • Belize
  • Canada
  • Christmas Island
  • Cook Islands
  • Grenada
  • Guernsey
  • India
  • Isle of Mann
  • Jamaica
  • Jersey
  • New Zealand
  • Nigeria
  • Pakistan
  • Papua New Guinea
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Solomon Island
  • Tuvalu
  • United Kingdom

Really? We were told this was an agreement between 4 first world, developed nations. Now we are bringing in half of the third world.

Let’s be clear: marketing with the 4 nations (Australia, Canada, New Zealand, and the UK) is just a sales pitch. The agreement could very well expand once this is in motion. And it likely will.

5. Possible CANZUK Joint Defense Force

The first objective of any government is to protect its own citizens from external danger. How can CANZUK help achieve that goal?

Australia, Canada, New Zealand and the United Kingdom have a common military heritage, and this shows in things as diverse as ranks, camouflage patterns and banners. They have a high degree of inter-operability – and in some cases, citizens of one nation can join the armed forces of another.

The nations have strategic similarities as well. Three out of four are island nations, whilst the fourth, Canada has the longest coastline of any nation. This places a premium on naval power – all the nations have considerable dependence on trade, vulnerability to blockades and an interest of open sea-lanes.

No joke. They are open about joint military and naval ventures. Interesting to note: aren’t this countries all part of NATO? How exactly would that square with those obligations, especially as Canada can’t afford to pay for its NATO commitments anyway?

To be fair, this soldier-swap already exists to a degree. The UK accepts Commonwealth citizens in its military. To a limited degree, Canada, Australia and New Zealand allow foreigners in as well. This seems a way to do it on a much bigger scale.

6. Where Is CANZUK Going?

CANZUK International was founded in January 2015 as The Commonwealth Freedom of Movement Organisation, and is the world’s leading non-profit organisation advocating freedom of movement, free trade and foreign policy coordination between Canada, Australia, New Zealand and the United Kingdom (the “CANZUK” countries).

Our campaign advocates closer cooperation between these four nations so they may build upon existing economic, diplomatic and institutional ties to forge a cohesive alliance of nation-states with a truly global outlook.

This seems harmless enough, but this will not be the end of it. The group will want to expand its sphere of influence and start controlling more issues and policies.

Remember, before the EU, there was a 6 nation bloc (France, West Germany, Italy, Luxembourg, Netherlands, Belgium). They started a trade agreement amongst themselves. Today, it is 28 nations — though the UK is leaving — and controls everything from budgets to agriculture to immigration. It swelled far beyond its original purpose.

It is very easy to see the “CANZUK 4” become 6, 8, 12, or 15. And those innocuous issues discussed on the website may morph into foreign bodies actually controlling national agendas.

As is obvious, the Conservative Party of Canada is an enthusiastic supporter of the CANZUK agenda. This is apparently regardless of the long-term erosion of national sovereignty. Globalists.

Canada’s Current Immigration Intake About 1M/Annually

(Temporary Foreign Workers can become Permanent Residents)

(One option for college, university graduates is the Provincial Nominee Program. Its name varies slightly by Province)

(From the 2018 Report to Parliament)

(From the 2018 Report to Parliament)

1. Important Links

CLICK HERE, for a previous article on the subject.
CLICK HERE, for an earlier article. Hungary promotes higher birth rates while UN encourages replacement migration.

CLICK HERE, for 2018 Report to Parliament on Immigration.
CLICK HERE, for StatsCan 2018-2019 estimates. (Over 1/2 million new citizens)
CLICK HERE, for StatsCan data (165K new temporary residents)

CLICK HERE, for StatsCan data on births/year.
CLICK HERE, for StatsCan data on deaths/year.
CLICK HERE, for deaths in 2017.

2. Words Of Wisdom Here

If a Conservative or Nationalist isn’t willing to talk about the FULL SCALE of immigration into the country, there’s no reason to trust anything they say on the subject.

Remember this message.

3. Rants Derek Drops The Red Pill


Derek dropped a number of truth bombs in this video. Watch 1:10 to 1:50 for the relevant facts. His channel is a great resource for Canadians on many topics.

  • Hundreds of thousands of temporary workers, with a pathway to permanent residence status
  • Hundreds of thousands of student visas, with a pathway to permanent residence status
  • Actual number close to 1 million
  • 1/2 million new citizens in a year
  • Surge in citizens means surge in voters

4. From the 2018 Report To Parliament

Year TFW Int Mobility Student
2015 73,016 175,967 218,147
2016 78,402 207,829 265,111
2017 78,788 224,033 317,328

Remember: This table only covers “temporary” entrants (workers and students), and is outside what politicians typically declare. While these programs are officially marketed as temporary, there are a number of avenues to stay longer and become a permanent resident.

Now, combine the 2017 “temporary” totals with the approximately 350,000 permanent and refugees that the government declares and you get this.

350,000 (Perm + Refugee)
+78,788 (Temp Foreign Workers)
+224,033 (International Mobility)
+317,328 (Student Visas)
970,149 (total)

Now it is certainly true that many will not stay. However, the vast majority of them will try to. There are many legal avenues to extend a visa, or get a new one. Then there comes the sticky issue of chain migration

Think about it: why drop $100,000 on a useless college degree or program, or work for slave labour for years, UNLESS the ultimate goal was a better life?

While these programs are sold to the public as “temporary”, the reality is that they are backdoor migration.

However, so-called Conservatives, and even some self-identified Nationalists don’t want to talk about the full scope of mass migration in Canada. They prefer to parrot the talking points of the mainstream political parties, who claim there is about 310,000 to 350,000 annually in Canada.

This applies to proposed “reductions” to 250K/annually, (now pegged at 100-150K), while ignoring the true size of the issue. A common talking point of “populists”.

Remember the rule from before.

5. Canada’s Population Isn’t Decreasing Naturally

Year Birth Deaths Diff Day
2013 380,323 252,338 127,985 343
2014 384,100 258,821 102,761 343
2015 382,392 264,333 118,059 323
2016 383,102 267,213 115,889 318
2017 379,450 276,689 102,761 281

Canada’s population is “naturally” growing at about 300 people/day, and has been for years. This is births and deaths. Immigration is not taken into account.

Of course, even if you need a bigger population, there is another way. It is the ways nations have always done, prior to the “multiculturalism” mental disorder. They grew their populations.

Side note: it’s also how Muslims plan to become a global majority and impose Sharia law everywhere. It’s not as if they embrace multiculturalism or pluralism. And guess what your tax dollars are being used for in Toronto hotels and public housing. See this video from Rebel Media

Now, it doesn’t have to be that way. Hungary, for example, is taking measures to reverse its declining birth rate. While the specifics vary by nation, this is a prime example of a leader putting his people first.


You also never hear mainstream “Conservatives” talking about the idea of promoting bigger families. It’s always “import more and more” and economic growth.

Conservatives give little to no consideration of the natural inclination of people to want children. Nor do they care that people who are raised in Canada grow up as Canadians. Forget the culture. Forget the society. Besides, nations aren’t the people, but just abstract ideas apparently.

Canada already has people from a large array of backgrounds. Why not stop and work with what we have?

Ask yourself, which is more of a priority: economic growth, or protecting your way of life and culture? If the former, remember that eventually the demographics shift to such a degree that your way of life can be “democratically” rescinded.

6. Conservatives, Fake Nationalists, Are Gatekeepers

The Conservative Party of Canada’s policy declaration openly states it prefers to turn temporary workers into permanent residents. (Page 52, topic 139(ii)). Furthermore, the CPC endorsed CANZUK, which opens Canada’s borders to some other nations.

Maxime Bernier sort of addressed immigration rates into Canada, and was critical. However, he avoided the awkward truth that these “temporary” categories can lead to permanent residence.

Even Canadian Nationalist Party and National Citizens Alliance avoid the elephant in the room: 300K-350K is nowhere near the entire amount. And other parties seem to embrace the “mass migration is good” delusion.

Many self-identified Conservatives claim they are for much less immigration. However, they balk at the claim (and evidence) that it is much higher than they thought.

This seems an exercise in futility, and has led to many arguments. But such a topic must be discussed openly. Certainly, the exact numbers, programs, lengths, conditions for various programs should be open to debate. But it must be an informed debate or discussion.

Once more: If a Conservative or Nationalist isn’t willing to talk about the FULL SCALE of immigration into the country, there’s no reason to trust anything they say on the subject.

7. Why Go On About This Topic?

Because people need to know the truth about it.

They are being lied to daily by the media, and by politicians. It is a much easier sell to Canadians if they aren’t forced to look at the full numbers. It’s also easier to pitch is the lie is perpetuated that the population is declining and needs a boost.

And to restate, true, not everyone who comes to Canada will stay (regardless of entry class). But most will, given the standard of life here. Our laws allow many such pathways.

In a sense, the UN Global Migration Compact was a diversion and a soft target. EVERYONE was against it, and what it stood for.

Serious question to Canadians: Do you want to replace yourselves?

Guest Post: Sunrise Movement and the Green New Deal

1. Guest Posting Here

This article is not mine, but the creation of a YouTuber and writer who goes by the handle “BOLD Like a Leopard”. Feel free to check out the channel, there is some interesting content on it.

2. Important Links

CLICK HERE, for message from Mark Ruffalo and Bill McKibbons.
CLICK HERE, for Bill Nye suggests jailing climate deniers.
CLICK HERE, for Alexandria Ocasio-Cortez and Bernie Sanders wanting to declare “climate emergency”.
CLICK HERE, for the climate emergency declaration.
CLICK HERE, for manifesto “Lead Public Into Emergency Mode”.

CLICK HERE, for AOC’s June 2018 primary.
CLICK HERE, for tweet claiming we can’t afford an economy that is based on use of fossil fuels.
CLICK HERE, for Sunrise Philadelphia calling for a demonstration.
CLICK HERE, for a live tweet.
CLICK HERE, for Malcolm Nance.
CLICK HERE, for Louise Mensch.
CLICK HERE, for Momentum Core Team.
CLICK HERE, for the Momentum trainers.
CLICK HERE, for efforts to establish a “climate debate”.
CLICK HERE, for Saikar Chakrabarti admitting the Green New Deal was about changing the economy, and the environment was just a pretext.

3. Sunrise Movement & Green New Deal

Once the domain of scientific debates and science fiction disaster movies, the subject of climate change and its influence on natural disasters has now become a major topic of contention among the Hollywood jet set, children’s cartoons, and naturally as a result public officials and policy makers. Much of the discussion over climate change has been shrouded in controversy largely due to acrimonious debate over who has the proper professional standing on how severe the crisis is, whether human activity is the main catalyst of current trends, and if or how government policy must be applied to address it. However, the organizing tactics, funding, and structure of the organizations pushing climate change legislation like the Paris Climate Accord and the Green New Deal suggests a larger goal in mind, one that involves a power grab far beyond environmental and industrial emissions policy. The Sunrise Movement is being cited as a fresh youth-infused answer to the fossil fuels industries, and it is being touted by climate change activism patriarch William McKibben as having “cracked the code of the American political system”. This statement is correct, and Sunrise is hacking into the mainframe of American politics, but if McKibben were truthful he would not be omitting his own role in their germination, as well as the intersection of the group with the Boston-based Ayni Institute and its Momentum Community program. The growing stake that these groups have in the political landscape are not a natural outgrowth of a changing public consciousness, but rather one more chess piece in a grand power grab.

We’ll see what happens. . .

In 2016 TV entertainer Bill Nye, host of the children’s show “Bill Nye the Science Guy” speculated that jailing “climate deniers” may be appropriate. “We’ll see what happens. Was it appropriate to jail people from the cigarette industry who insisted that this addictive product was not addictive, and so on?” Nye responded when asked.

Unfortunately, this high handed attitude toward the discussion shows that much of the climate change action side of the argument has despaired of properly making their case against their opponents, the “climate skeptics”. The activists scoff at accusations that they are “alarmists”, but their public statements show that they are ratcheting up statements consistently in order to create a sense of panic that climate trends are sloping toward an apocalyptic event:

  • On July 9 Senator Bernie Sanders (I-VT) and Rep. Alexandria Ocasio-Cortez introduced a joint resolution that they wanted Congress to declare a national emergency over climate change.
  • As documented by the Climate Emergency Declaration, there are 740 jurisdictions that have declared a climate emergency including Scotland, Wales, the Republic of Ireland, as well as London and the Australian cities of Sydney and the Australian Capital Territory among others.
  • There is now a group across Europe dedicated to whipping up the public into a climate emergency frenzy known as “Extinction Rebellion”. The movement is led by clinical psychologist Dr. Margaret Klein Salamon (the “Climate Psychologist”) and she published a manifesto called Leading The Public Into Emergency Mode originally in 2016.

Salamon’s manifesto was endorsed by Bill McKibben on the Climate Mobilization website where he is described as the “Movement Leader”.

According to one of its grant donors, the Guerilla Foundation, Extinction Rebellion (XR) was given between $20 and $40 thousand in order to promote “a fundamental change of the UK’s political and economic system to one which maximises well-being and minimises harm”. In the grant description point number 9 figures prominently in their Theory of Change: “Create a distributed organising model based in ‘momentum’ organising and holocracy (training from the Ayni institute / Carlos Saavedra). This is basically a hybrid of mass protest and structure based organising. Much of this is explained in the book This is an Uprising”. The book in question was written by the brothers Mark and Paul Engler, both of them former Occupy Wall Street activists themselves deeply affiliated with the Ayni Institute.

The Shame Game

While at times climate activists engage in rhetorical threats like Nye or grandstanding like Sanders and the other emergency sponsors, the value that they appeal the most to is shame. This is why the United Nations, European Parliament, Swedish Parliament and numerous other bodies have hosted the 16 year-old climate activist Greta Thunberg to speak about climate justice. Speaking about when she will be 75 years old, she asked whether her children would “ask why you didn’t do anything while there was time to act. You say you love your children above all else, and yet you’re stealing their future in front of their very eyes.” Thunberg went on to tearfully decry the 6th mass extinction of species and the acidification of the oceans.

Another statement that Thunberg makes echoes Salamon verbatim:
“Imagine there is a fire in
your house.
What do you do?
What do you think about?”

The idea of using children to shame adults for their poor policy is an understandably ingenious strategy, but it typically yields nothing in terms of policy. In 1982 a ten year old named Samantha Smith wrote to Soviet leader Yuri Andropov to ask him if he was going to vote for a war. Smith’s letter was personally answered by Andropov, and compared her to Tom Sawyer’s friend Becky and invited her to the USSR, where she spent two months as Andropov’s guest on a tour, and she was a “goodwill ambassador” for peace before dying in a plane crash at age 13 in 1985. By then both Andropov and his successor Konstantin Chernenko had both died of old age. Tragic as her story was, Samantha Smith’s story is a footnote in history as there was no major movement behind her personal initiative.

The shame tactic has been mass-produced by the Sunrise Movement in its push to promote the issue of climate change as being an issue of primary concern in the minds of the next generation of youth voters. Sunrise was formed ostensibly by two activists, Varshini Prakash and Sara Blazevic. Both of them are former activists of the Fossil Fuel Student Divestment Network, a campaign by college students to get their colleges to withdraw investments in energy companies. Both of them were involved in student sit-ins at their colleges, Blazevic at Swarthmore in 2015, and Prakash at UMass-Amherst in 2016 where activists were arrested for civil disobedience.

Now they are trying to take the climate change movement to a broader, and younger, forum. But in comments to Energy & Environment News (E&E News) they make it very apparent that their movement is a response to failures of previous groups that they have been active in. In it, their fellow co-founder Evan Weber openly muses about how Sunrise is attempting to compensate for the same flaws that he encountered while he was an activist with Occupy Wall Street. It should be noted that while Prakash and Blazevic are the face of the movement, Weber is listed on its 2016 IRS Form 990 (when it was named US Climate Plan) as the President and Executive Director, and he was listed by the climate action website Grist.orgGrist.org as a former Occupy activist and founder of the US Climate Plan. Weber had also been an activist along with fellow Wesleyan University activist Michael Lichtash for US Climate Plan who traveled to the COP20 Climate Talks in Lima, Peru in 2014. At the time they were already claiming that delaying the Keystone XL pipeline from Canada to the US was “a step toward climate justice”. At the time all were in one way or another linked through McKibben’s 350.org organization.

The Guru of Green Activism

During the Obama Administration’s tenure, McKibben and 350.org fought doggedly to force the President and his cabinet not to let the pipeline proceed. In 2015 the Nebraska Supreme Court removed legal hurdles to building of the Keystone XL, meaning that it would need approval from several cabinet-level officials including Secretary of State John Kerry, himself a public advocate for climate change action by governments. Until then much of the process had been tied up as conservation and activism groups battled with TransCanada (the builder) in the courts. McKibben was asked if Kerry could salvage his reputation on climate change if he approved the pipeline. According to POLITICO he answered: “No. Keystone’s obviously a keystone,” he said in an email. “Approve that and the rest is happy talk — you can’t cut carbon without cutting carbon.” For months Kerry waffled over the decision while continuing to condemn fossil fuel producers, but in November 2015 he came through for McKibben and denied the pipeline’s permit application. However when Donald Trump was inaugurated as president he approved the Keystone XL pipeline within his first three days by executive order and continues to fight against challenges to it in court.

The issue at hand is not the activism itself, but the veneer of popular will. McKibben has made a long career out of claiming to be the underdog fighting against the corporate fossil fuel industry, and to be sure they are not exactly a sympathetic opponent. There’s also legitimate concern over carbon consumption and its effects on oceans and wetlands leading to extinction of species. He formed 350.org in 2007 based on the notion that 350ppm of carbon dioxide in the atmosphere would be the acceptable level in order to mitigate the harmful effects of climate change. However, the standing that McKibben has within the movement is not a result of any professional knowledge or accomplishment, he is in fact a former New Yorker writer who majored in journalism at Harvard. He then wrote The End of Nature in 1989, the book that is considered to have started the climate change movement. However, as Reason observed when reviewing his 2010 follow-up Earth, humans have adapted to the rising sea levels warned about by climate alarmists like McKibben, using the example of Boston which has reclaimed land consistently since 1775 despite rising sea levels. At one point McKibben and others climate alarmists like Jim Hansen used the global warming trends to raise public consciousness about environmental issues. But according to him, that was during a period when they were “naïve”. However, the new tactic of his supporters is to mask the existing climate movement that he began with The End of Nature in 1989 and institutionalized in the 2000s with 350.org through a youth activist group like Sunrise whose events he frequently headlines. As many climate skeptics point out the ability of climate alarmists to excite public attention diminishes when their predictions are not fulfilled, such as when Gore predicted in 2006 that the glaciers of Mt. Kilimanjaro would melt within a decade. Another member of 350.org’s board of directors, Naoimi Klein, has evaded responsibility for advocating for the Green New Deal while also being a long-time apologist for the Chavez regime that made Venezuela’s entire economy dependent on oil exports.

McKibben was also a major activist during the lead-up to COP21, the 2015 climate change conference where the Paris Agreement on Climate Change was drafted. On November 30 he wrote an opinion in Foreign Policy called “The Paris Climate Talks Will Be a Historic Success. And a Historic Disaster. ” Paris He participated in the climate marches occurring during the event, and even headlined with Klein the Pathway to Paris live concert on December 4 along with Radiohead lead vocalist Thom Yorke, Red Hot Chili Peppers bassist Flea and other rock superstars. But by December 13, as the conference had just wrapped up, he claimed that it had fallen short.

“The irony is, an agreement like this adopted at the first climate conference in 1995 might have worked. Even then it wouldn’t have completely stopped global warming, but it would have given us a chance of meeting the 1.5 degree Celsius target that the world notionally agreed on.”

Some on the political left were too jaded to take McKibben seriously, and began to characterize his activism as “greenwashing”. They noted that the agreement did much to boost the profile of the international NGO Avaaz that backed the climate march and other events, but little to accomplish anything. They also made it public that Dow Chemicals, Goldman Sachs, JP Morgan, and even BP had been sponsors the Climate Group that had organized the conferences. What McKibben needed to do was inject some steroids into the movement so as to gain ground on those detractors.

Why “grassroots”?

In the same article claiming Paris had fallen short, McKibben made a statement that demonstrated his intentions going forward: “But what this means is that we need to build the movement even bigger in the coming years, so that the Paris agreement turns into a floor and not a ceiling for action.”

McKibben’s influence is felt deeply largely due to the usefulness of his cause to various statesmen and former politicians. In 2010 he wrote an opinion article for GristGrist claiming that Al Gore was “kicking butt” over climate change. In 2016 he became a backer of Bernie Sanders’ presidential campaign, and wound up on his five member delegation to the Democratic National Party’s platform writing committee for that year’s election. However this was a summit that led to nowhere as the party continued to accept contributions from the fossil fuel industry. Presidential nominee Hillary Clinton received $967,336 from them during that cycle, leading by far any other Democrat in any elected position. The crusade against fossil fuels had to enter a new phase, and the US Climate Plan (founded in 2014) went through a rebranding becoming Sunrise. Since then they have made several inroads in electoral politics including getting eleven state legislators elected throughout the US, including five in Pennsylvania.

Besides Sanders, the Green New Deal advocates can numerous other candidates for 2020 that have endorsed it or proposed their own versions of it:

  • New York Mayor Bill de Blasio announced in December 2018 a city-wide divestment from fossil fuel companies and a lawsuit against them, a measure cheered by McKibben’s 350.org. In March the Mayor named McKibben to the OneNYC Advisory Board. De Blasio’s new city-wide rules targeting energy usage by sky-scrapers were announced in May at Trump Tower.
  • Washington Gov. Jay Inslee has made climate change the centerpiece of his tenure in office and his presidential campaign vowing to commit to a 100% renewable energy system by 2035. This was praised by McKibben on May 3, and on May 30 another McKibben acolyte Elizabeth Kolbert of The New Yorker issued a raving review in Yale 360.
  • One candidate McKibben may be less bullish about is Tom Steyer, an erstwhile donor. In 2016 in the run-up to the election the two sat down for a joint interview on the need to make climate change a signature issue. Steyer’s TomKat Charitable Trust has given generously to 350.org, and at one point the former hedge fund manager and the environmentalist were joined at the hipjoined at the hip in their efforts to support fossil fuel divestment. Steyer’s public image has diminished since 2016 due to his sensationalist efforts to support the impeachment of Donald Trump including funding The Democracy Integrity Project (TDIP).

Not long after the 2018 midterm election Sunrise activists occupied the office of Democratic House leader Nancy Pelosi, the incoming Speaker of the House. They also ambushed Sen Diane Feinstein (D-CA) in February. Within a day McKibben had written a response in the New Yorker saying he imagines that Feinstein “would like a do-over of her colloquy”. In the same opinion article, McKibben mentioned Ocasio-Cortez and Greta Thunberg, and claimed that the Green New Deal was hatched by the Sunrise Movement.

But this is untrue, and McKibben knows that. The original Green New Deal was written in 2008 by the New Economics Foundation when many of the Sunrise activists were not even in high school. The authors included Guardian editor Larry Elliott, Andrew Simms of the NEF, Caroline Lucas of the Green Party and others. Another version, the “Global Green New Deal” was adopted by the UN Environment Programme (UNEP) in 2008. The American version of the Green New Deal is HR 109 which was introduced by Ocasio-Cortez. No one from Sunrise was involved in drafting it, and if everyone was being above board it would be admitted that there was no coherent “Green New Deal” when it was supported during the 2018 election cycle; so the activists and politicians were endorsing a policy proposal prior to its existence.

Messaging the GND

Does anyone really believe that it was Sunrise activists that wrote the legislation? Even in her own office, Ocasio-Cortez has four staff members, none of whom are members of it. Corbin Trent and Saikat Chakrabarti, her press secretary and chief of staff respectively, are former members of Justice Democrats, but not of Sunrise. The nexus that drives them all together is one of the policy’s most effective and most successful activists, Justice Democrats’ communications director Waleed Shahid who is also a senior leader of the Working Families Party. Based in Philadelphia, Shahid was instrumental in campaigning for the legislative election success in Pennsylvania as well as propelling Ocasio-Cortez to power by focusing on her June 2018 primary.

While McKibben is an overall mastermind of the movement, Shahid is often a point man that issues day to day messages that are often picked up by Ocasio-Cortez and other elected officials regarding climate change, while also directing the defense to the inevitable backlash. A case in point was a June 21 tweet where Ocasio-Cortez claimed that an oil refinery explosion and fire was evidence of an “existential crisis” due to climate change. Up until then very few had made that observation about the accident. However, Shahid had issued a tweet earlier that day claiming that “we can’t afford an economy based on fossil fuels”. Sunrise Philadelphia called for a demonstration within five minutes of Shahid’s tweet. During the confrontation with Sen. Feinstein during the middle of the afternoon on a Friday Shahid was live tweet echoing Sunrise Bay Area’s account in order to hype the event. He issued a total of 23 tweets that day (Feb. 22) regarding the incident, including fighting with delusional mainstream anti-Trump activists Malcolm NanceMalcolm Nance and Louise Mensch who accused Justice Democrats of uploading the video and using Russian disinformation tactics.

Like the Engler brothers, Shahid was one of the earliest core team members of the Ayni Institute and Momentum Community. Blazevic is also an alumnus of the Ayni Institute, and is a Momentum Trainer along with fellow Sunrise co-founders Will Lawrence and Diyanna Jaye. The derivative of the Momentum training is to create nominally decentralized cells (called “hubs” by Sunrise) that organize on the local level to push a progressive agenda.

But the decentralized organizing is irrelevant when the ideology of Sunrise is not dependent on the membership. The leaders of the movement all come from 350.org, the agenda is set by the ideologues like McKibben and Klein, and the day-to-day messaging is directed by the powers behind the throne like Shahid. Ultimately a green economy is a secondary goal of the movement. So far during the Democratic 2020 primary season, the movement has somewhat successfully lobbied for a “climate debate” between candidates. However, in a moment of surprising candour, Chakrabarti let slip the real truth:

“The interesting thing about the Green New Deal,” he said, “is it wasn’t originally a climate thing at all. Do you guys think of it as a climate thing?” Chakrabarti continued. “Because we really think of it as a how-do-you-change-the-entire-economy thing.”

So that leads to a concluding question: If McKibben, Salamon, and Klein were portraying the climate crisis as a global emergency on the level of World War II, then why are they pushing a piece of legislation that according to its main legislative advocate was not originally about climate change?

4. Information About The Author

YouTube: BOLD like a Leopard:
https://www.youtube.com/channel/UCqafJgJiTZik1KreMJgy4Eg
Gab.com: https://gab.com/StarScream85
Minds.com: https://www.minds.com/ChefLeopard
BitChute: https://www.bitchute.com/channel/bFrSR277N5TG/
Twitter: https://twitter.com/ChefLeopard
For donations: https://www.subscribestar.com/chefleopard

Canada Pension Plan (CPP) #3: Where Is The Money Going?

1. Important Links

CLICK HERE, for CPPIB Investing $2B In Mumbai, India.
CLICK HERE, for earlier piece on Canada Pension Plan.
CLICK HERE, for 2000 audit. $443B shortfall (Page 113)
CLICK HERE, for 2006 audit. $620B shortfall (Page 73). $67.9B added as of 2009.
CLICK HERE, for 2012 audit. $830B shortfall (Page 48)
CLICK HERE, for 2015 audit. $884B shortfall (Page 48)
CLICK HERE, for the 2019 CPPIB Annual Report.”

CLICK HERE, for getting your statement of earnings.
CLICK HERE, for CPP benefits for 2019 year.
CLICK HERE, for a generic investment calculator.

CLICK HERE, for a 2017 UN report on leveraging African pension funds for financing infrastructure development.
CLICK HERE, for 2019 report on development financing.
CLICK HERE, for closing infrastructure funding gap.

2. Obtain Your Statement Of Contributions

Any Service Canada should be able to help you apply for a copy of your statement of contributions. One tip is to do it after a tax assessment to get the most up to date information. You will need your social insurance number.

Also, you can request your statement by mail.
Contributor Client Services
Canada Pension Plan
Service Canada
PO Box 818 Station Main
Winnipeg MB R3C 2N4

Once you have received it, you will get a lot of new information you didn’t have before. Yes, I have mine from 2018, and am ordering a 2019 statement.

3. Information From Statement Of Contributions

A quote from the 2018 statement:

You and your employer each paid 4.95% of your earnings between the minimum of $3,500 and the maximum of $55,900 for 2018. These are called “pensionable earnings. Self employed individuals paid contributions of 9.9% on these amounts.
The maximum retirement pension at age 65 this year is $1,134.17 per month.

A few things to point out here:

You and your employer “both” paid 4.95% of your earnings between the minimum and maximum amounts. So if you made $25,000 then $21,500 of it would be taxable. Both you and your employer would have contributed $1,064.25 towards it. Combined is $2128.50.

Suppose you made over $55,900. Then $52,400 of it would have been taxable, and both you and the employer would have paid $2,593.80 into it. Combined is $5187.60.

Let address the elephant in the room. How much: (a) will CPP actually pay out for you; and (b) what would you make if you invested the CPP contributions yourself?

4. How Much Will CPP Pay Out For You?

Assuming retirement at age 65, and average life expectancy is 82. That gives 17 years, (204 months) of receiving pension contributions.

For the 2019 year, the maximum is listed as $1,154.58, and the average is $679.16. None of this covers Old Age Security (OAS) or Guaranteed Income Supplement (GIS). Those are separate and fall outside of CPP.

The average earner:
($679.16/month)X(17 year)X(12 month/year) = $138,540

The top earner:
($1,154.58/month)X(17 year)X(12 month/year) = $235,534

For simplicity, inflation is ignored, as is indexing of contributions.

5. Invest Your Own CPP Contributions

Yes, contributions and interest rates vary, but for simplicity, let’s keep them consistent.

For the top earner, let’s do this scenario:
(a) Worked for 40 years
(b) Contributed full amounts
(c) Invested at 8% annually.

Yes, the interest is absurd, but CPPIB claims that is what it is getting. In fact, CPPIB states that it gets 6.6-18% interest on its fun each year.

Over $1.3 million. That is what you would have after 40 years, making full contributions, assuming those contributions (both yours and the employer’s) were fully invested. A far cry from the $235,000 that you would make from 17 years of CPP payouts. Over a million more in fact.

Even just a 3% return — which is very doable — would net you $390,000 over those 4 years. Almost double what CPP would be paying out.

For an average earner, let’s try different numbers:
(a) Worked for 30 years
(b) Earned ~$30,000 annually contributed $2,970
(c) Invested at 6% annually.

$235,000 the person would have earned. This is about $100,000 more than simply taking the average payouts from Canada Pension Plan.

Why the different numbers? Perhaps the person took several years off for childcare. Perhaps there were years with low earnings. And 6% is a more realistic return, although good luck getting that from a bank. To repeat, CPPIB claims 6-18% returns (after costs) annually.

To be fair, people who go decades without working are unlikely to ever be able to save and invest the equivalent of what CPP is paying out.

For example, my own statement of contributions estimates if I were magically 65 today. With only a decade of work, I would be getting $317/month. Over the next 17 years that would pay out about $65,000, far more than I would have put in.

But long term and steadily employed workers get screwed.

6. Performance CPPIB Claims In Investments

This was addressed in the previous piece. In the CPPIB Annual Reports, the Board claims to have staggering growth year after year. Of the years listed, the interest ranges from 6% to 18%.

Year Value of Fund Inv Income Rate of Return
2010 $127.6B $22.1B 14.9%
2011 $148.2B $20.6B 11.9%
2012 $161.6B $9.9B 6.6%
2013 $183.3B $16.7B 10.1%
2014 $219.1B $30.1B 16.5%
2015 $264.6B $40.6B 18.3%
2016 $278.9B $9.1 6.8%
2017 $316.7B $33.5B 11.8%
2018 $356.B $36.7B 11.6%
2019 $392B $32B 8.9%

Also, as outlined in the last article, the accounting method used also changes how your pension plan comes across. You can select your data, and paint a rosy picture. Or you can take ALL assets and liabilities into account.

When the Canada Pension Plan was properly audited in 2016, it was found to have $884.2 billion in unfunded liabilities. The 2019 Annual report lists $392 billion as the value of the fund. However, with over a trillion dollars in liabilities, that illusion came crashing down.

$239 billion in growth over the last decade, an 11% annual increase. But in spite of that, CPP is not paying out retirees anywhere near what they have put in.

Why? Where is the money going?

7. CPP Unfunded Liabilities Swept Under Rug

Here are quotes from some of the actuarial reports. Interesting how they go out of their way to gloss over the truth about the CPP. In 2 of the reports, the total unfunded liabilities are reduced to a mere footnote.


Page 113 in 2000 audit. Actuarial liability 486,682M Actuarial value of assets 43,715 or 9%, Unfunded liability 442,967M or 91% of total. That’s right, ten times as many liabilities as assets.


Page 73 in 2006 audit report. $619.9B in unfunded liabilities. Updated in 2009 to reflect another $67.9B on the interest (just the interest) of those unfunded liabilities.


Footnote from 2012 audit. When the “closed-group approach” is used to audit the program, the assets are $175.1 billion, actuarial liability of the Plan is equal to $1,004.9 billion, and the assets shortfall is equal to $829.8 billion


Footnote from 2015 audit. Using “closed-group approach” to audit, the actuarial liability of the Plan is equal to $1,169.5 billion, the assets are $285.4 billion, and the assets shortfall is equal to $884.2 billion

Despite the glowing reviews our politicians give, the Canada Pension Plan is not doing well. In fact, it has close to a trillion dollars in unfunded liabilities. This is not sustainable in the slightest.

Younger workers will be paying into a system they have no realistic hope of ever collecting on. Not a good social safety net.

By now you are probably wondering these things:
The CPP, for most people, will never actually pay out anywhere near the amount that the person contributes over their lifetime. This is on top of the nearly 1 trillion shortfall that the plan has. So if the plan won’t pay out fully, and yet is so broke, where is the money going?

Who is running the show?

8. Open-Group v.s. Closed-Group Valuation

The difference is this:
Open-group valuation principles mean that a pension is solvent and in good shape as long as it’s current assets and payouts are able to keep up with the demands of retirees at the moment. It doesn’t require that the pension plan be fully funded. The reasoning is there is a “social contract”, and that the Government can raise more money (tax more) to cover the shortfalls.

Closed-group valuation principles require that “all” liabilities be taken into account. The is a far more accurate method, as payments from all workers are considered, if those who won’t retire for decades. The rationale is that private companies could go bankrupt at any time, and need to take the actual amounts into account.

9. CPPIB Board Members Well Connected

Heather Munroe-Blum

  • Principal and Vice Chancellor (President), McGill University
  • Current Director of the Royal Bank of Canada
  • Hydro One (Ontario)
  • Trilateral Commission

Ashleigh Everett

  • Former Director of The Bank of Nova Scotia
  • Premier’s Enterprise Team for the Province of Manitoba

William ‘Mark’ Evans

  • Former member of the Management Committee at Goldman Sachs
  • Co-founded TrustBridge Partners in China (2006)
  • Kindred Capital in Europe (2016)

Mary Phibbs

  • Standard Chartered Bank plc
  • ANZ Banking Group
  • National Australia Bank
  • Commonwealth Bank of Australia
  • Allied Irish Banks plc
  • Morgan Stanley Bank International Ltd
  • The Charity Bank Ltd

Tahira Hassan
Kathleen Taylor

  • Chair of the Board of the Royal Bank of Canada
  • Director of Air Canada since May 2016
  • Chair since April 2019 of Altas Partners

Karen Sheriff

  • United Airlines
  • Director of WestJet Airlines

Jo Mark Zurel

Not proof of any wrongdoing, but the board is certainly connected to other institutions.

10. CPPIB Holdings (Foreign & Domestic)

Here are CPPIB’s Canadian holdings.
Here are CPPIB’s foreign holdings.

$44M in from Power Corporation (Desmarais)
$17M in Hydro One Ltd (Heather Munroe-Blum is former board member)
$555M in RBC (Heather Munroe-Blum is board member)
$292M in Scotia Bank (Sylvia Chrominska is former chair)

In fairness, there are hundreds of companies CPPIB invests in. But always keeping an eye out for potential conflicts of interest.

But having all of these assets (both within Canada and abroad), doesn’t really explain the trillion dollar shortfall. There has to be something else that the CPPIB is wasting Canadian pensioners’ retirement savings on.

11. Pensions Sent For UN Development Projects?

Yes, this sounds absurd, but consider this report from the UN about using pensions to leverage development projects. True, this report refers to African pension funds. But it is entirely possible that Canada could get involved (or already be involved) in some similar scheme.

III. PENSION FUNDS DIRECT INVESTMENT IN INFRASTRUCTURE
International experience At 36.6 percent of GDP, assets of the pension funds in OECD countries are relatively large. As of end-2013, pension-fund assets were even in excess of 100 percent in countries such as the Netherlands, Iceland, Switzerland, Australia, and the United Kingdom (Figure 1). In absolute terms, pension funds in OECD countries held $10.4 trillion of assets.25 While large pension funds (LPFs) held about $3.9 trillion of assets, assets in public and private sector and public pension reserves (PPRFs) stood at $6.5 trillion.

Individual pension funds can be relatively large in some countries such as the Netherlands (ABP at $445.3 billion and PFZW at $189.0 billion) and the U.S. (CalPERS at $238.5 billion, CalSTRS at $166.3 billion, and the New York City Combined Retirement System at $150.9 billion). Similarly, PPRFs are relatively large in the U.S. (United States Social Security Trust Fund at $2.8 trillion) and Japan (Government Pension Investment Fund at $1.2 trillion). Among emerging markets, South Africa (Government Employees Pension Fund (GEPF) at $133.4 billion) and Brazil (Previ at $72 billion) have the largest funds in Africa and Latin America, respectively.

Pension funds can dedicate a share of their assets specifically to infrastructure. Such direct investment in infrastructure is implemented through equity investment in unlisted infrastructure projects (through direct investment in the project or through a private equity fund). Such investment can also take the form of debt investment in project and infrastructure bonds or asset-backed security. In contrast, pension funds can allocate a share of their funds indirectly to infrastructure through investment in market-traded equity and bonds. Listed equity investment can take the form of shares issued by corporations and infrastructure project funds while debt investment is often in the form of corporate market-traded bonds.

As is plain from the text, (Page 10), the UN views pensions as a potential investment vehicle for their agendas. And is clear from the pages in the reports, the UN has been sizing up pension funds from all over the world.

This is more than just an academic exercise

IV. OBSTACLES TO PENSION FUNDS INVESTMENT IN INFRASTRUCTURE
The extent to which pension funds can invest in infrastructure depends on the availability of assets in the pension system. Asset availability, in turn, is driven by a number of factors including the pension system’s environment, design, and performance. Even in a well-performing pension system with ample assets available for investments, the governance, regulation, and supervision of pension funds can restrict those funds’ ability to actually invest in infrastructure. If such constraints are lifted, then pension funds need to consider the risks of infrastructure projects and demand a fair, transparent, clear, and predictable policy framework to invest in infrastructure assets. Once this hurdle is overcome, pension funds will need adequate financial and capital market instruments to implement their investment decisions.

Simple enough (page 13). Lift the regulations, and the pension money will be free to flow to UN development projects. And after all, who knows better about spending other people’s money?

The endless foreign aid gestures that our government engages in: is that really our pension money being sent abroad?

We can see from Table 2 (Page 16) that the UN has been sizing up:

  1. Canada Pension Plan ($173B in assets)
  2. Ontario Municipal Employees ($62B in assets)
  3. Ontario Teachers’ Pension Plan ($128B in assets)
  4. Quebec Pension Plan ($39B in assets)

The recent OECD policy guidance for investment in clean energy, which is based on the PFI illustrates how policymakers can identify ways to mobilize private investment in infrastructure (OECD, 2015c). The policy guidance focuses on electricity generation from renewable energy sources and improved energy efficiency in the electricity sector, and provides a list of issues and questions on five areas of the PFI (investment policy, investment promotion and facilitation, competition policy, financial market policy, and public governance).

(Page 31) Clearly the UN is pushing its enviro agenda and suggesting that public pensions be used to finance at least part of it.

12. So Why Is CPP So Underfunded?

A number of factors most likely.

(A) Most pension plans are ponzi-style. In order to stay funded, it requires an ever growing number of contributors in order to pay off older contributors. Rather than having members who can sustain themselves, this is dependent on infinite growth.

(B) Although a person contributing to a pension in their career would “theoretically” be self-sufficient, it is clear the interest and gains are not what CPPIB pretends. If the fund was growing at 10%+ year over year, it would be different. We are not getting the full story.

(C) Public sector pensions are not sustainable either. So, very likely that some CPP money is being diverted to help cover the shortfalls.

(D) Due to political pressure, the powers that be find it more convenient to downplay the serious shortfalls rather than meaningfully address it. No political will to ask the hard questions.

(E) There has to be money going to outside projects, such as the UN plot to use pensions to fund their development agenda. The UN is a money pit, and the waste is probably enormous.

To repeat from the last post:
We are screwed.

Canada Pension Plan (CPP) #2: Unsustainable, Underfunded, Takes Money Out Of Canada

(Canada Pension Plan Investment Board website)

(In 2019 Annual Report, the CPPIB claims that the fund is worth $392 billion as of March 31, 2019)

(2016, Chief Actuary claims CPP is sustainable)

(Ezra Levant of Rebel Media addresses CPP)

(Pension ponzi schemes explained)

1. Important Links

CLICK HERE, for Canada Pension Plan Investment Board (CPPIB).
CLICK HERE, for the 2019 CPPIB Annual Report.
CLICK HERE, for the 2018 CPPIB Annual Report.
CLICK HERE, for the 2017 CPPIB Annual Report.
CLICK HERE, for the 2016 CPPIB Annual Report.
CLICK HERE, for the 2015 CPPIB Annual Report.
CLICK HERE, for the 2014 CPPIB Annual Report.
CLICK HERE, for the 2013 CPPIB Annual Report.
CLICK HERE, for the 2012 CPPIB Annual Report.
CLICK HERE, for the 2011 CPPIB Annual Report.
CLICK HERE, for the 2010 CPPIB Annual Report.
CLICK HERE, for the 2009 CPPIB Annual Report.
CLICK HERE, for CPPIB reports on “SUSTAINABLE” investing.

CLICK HERE, for 2016 Triannual Report from Canada’s Chief Actuary.
CLICK HERE, for Chief Actuary’s 2016 Supplemental Report.
CLICK HERE, for information on Canada’s “Green Bonds”.
CLICK HERE, for a previous article on “green bonds.
CLICK HERE, for previous article, $2B in CPP funds sent to India.
CLICK HERE, for a Financial Post article suggesting CPP is being used to prop up public sector pensions.
CLICK HERE, for a Fraser Institute article on CPP unfunded liabilities.

CLICK HERE, for Office of the Superintendent of Financial Institutions, for sustainability of CPP. Using “closed door approach” there are $884.2B in unfunded liabilities. Turn to pages 46-50.

2. Glowing 2016 Press Release

The press release regarding, the Chief Actuary’s report on the sustainability of the Canadian Pension Plan.

Middle class Canadians are working harder than ever, but many are worried that they won’t have enough put away for their retirement. One in four families approaching retirement—1.1 million families—are at risk of not saving enough. That is why a stronger Canada Pension Plan (CPP) is a key part of the promise that the Government of Canada made to Canadians to help the middle class and those working hard to join it.

Today, Minister of Finance Bill Morneau tabled the Chief Actuary’s 28th Actuarial Report on the CPP in Parliament. The report confirms that the contribution and benefit levels proposed under the CPP enhancement agreed upon by Canada’s governments on June 20, 2016 will be sustainable over the long term, ensuring that Canadian workers can count on an even stronger, secure CPP for years to come.

On October 6, 2016, the Government of Canada delivered on its commitment to a stronger CPP with the introduction of legislation in Parliament to implement the agreement reached by Canada’s governments to enhance the CPP to give Canadians a stronger public pension that will help them retire in dignity.

This can’t really be taken at face value, as it is all self serving. The notice fails to even acknowledge the elephant in the room, which we will get into.

3. Quotes From Actuary’s 2016 Report

The Canada Pension Plan Investment Board (CPPIB) invests base CPP funds according to its own investment policies which take into account the needs of contributors and beneficiaries, as well as financial market constraints. It is expected that a separate investment policy will be developed by the CPPIB with respect to the additional CPP assets. Since at the time of the preparation of the 28th Report there is no such separate investment policy in existence, the real rate of return assumption was developed to reflect the financing objective of the additional Plan. As the actual CPPIB investment strategy for the additional CPP assets becomes known, it will be reflected in subsequent actuarial reports by revising the real rate of return assumption

This is a bit troublesome. It will become “known” to the public, or it will become “known” to the people doing the investments? (Page 15 of report.)

(Page 30 of report.) The CPPIB estimates that the percentage of base contributions from investment profits will creep up, and that the additional CPP will eventually become mostly funded from investment income by 2075.

The future income and outgo of the additional CPP depend on many demographic and economic factors. Thus, many assumptions in respect of the future demographic and economic outlook are required to project the financial state of the additional Plan. These assumptions impact the contribution rates, cash flows, amount of assets, as well as other indicators of the financial state. This section discusses the sensitivity of the minimum first and second additional contribution rates to the use of different assumptions than the best estimate.

Can’t fault the report for admitting it has to make assumptions. However, the trends of the current government are not great. Admitting large numbers of “refugees” who are and will remain a burden will not contribute to public coffers. Nor will vast amounts of seniors or others who won’t work. Furthermore, making industrial projects more difficult (Bills C-48 and C-69), means additional Canadians not working.

The actuarial projections of the financial state of the Canada Pension Plan presented in this report reveal that if the CPP is amended as per Part 1 of Bill C-26, the constant minimum first and second additional contribution rates that result in projected contributions and investment income that are sufficient to fully pay the projected expenditures of the additional Canada Pension Plan would be, respectively, 1.93% for the year 2023 and thereafter and 7.72% for the year 2024 and thereafter.

This report confirms that if the Canada Pension Plan is amended as per Part 1 of Bill C-26, a legislated first additional contribution rate of 2.0% for the year 2023 and thereafter, and a legislated second additional contribution rate of 8.0% for the year 2024 and thereafter, result in projected contributions and investment income that are sufficient to fully pay the projected expenditures of the additional Plan over the long term. Under these rates, assets of the additional Plan would accumulate to $70 billion by 2025, and to $1,330 billion by 2050.

No real surprise. The report concludes that the changes that the Government wants to bring in are exactly what are needed to make the plan sustainable.

4. CPPIB Claims Plan Sustainable Past 2090

Within this strategic framework, fiscal 2017 was a good year for CPPIB. Our diversified portfolio achieved a net return of 11.8% after all costs. Assets increased by $37.8 billion, of which $33.5 billion came from the net income generated by CPPIB from investment activities, after all costs, and $4.3 billion from net contributions to the CPP. Our 10-year real rate of return of 5.1%, after all CPPIB costs, remains above the 3.9% average rate of return that the Chief Actuary of Canada assumes in assessing the sustainability of the CPP. In his latest triennial review issued in September 2016, the Chief Actuary reported that the Base CPP is sustainable until at least 2090.

CPPIB toots its own horn, stating that the plan is sustainable at least until 2090. Page 5 is a quote from the 2017 annual report.

5. Quotes From 2019 CPPIB Annual Report

This is a graph included at the beginning of the report (page 3). It projects that by the year 2040, the Canada Pension Plan will have over $1.5 trillion in assets. This is in comparison to the $393 billion that there currently is.

It shows that actual assets have been higher than projected assets for the last 3 years.

The most recent triennial report by the Chief Actuary of Canada indicated that the CPP is sustainable over a 75-year projection period. Projections of the CPP Fund, being the combined assets of the base and additional CPP accounts, are based on the nominal projections from the 29th Actuarial Report supplementing the 27th and 28th Actuarial Reports on the Canada Pension Plan as at December 31, 2015.

The report shows a graph with projected assets. However, it doesn’t seem to address liabilities. Specifically, the pension contributions of much younger people who are paying into the system and are entitled to get it out when they retire.

This is impressive. Over the last decade, $239 billion has been added to the fund, an equivalent of 11% annual growth. Of course, one may be forgiven for asking why premiums are so high if it’s all just going into a government fund.

6. CPPIB Claims Fund Is Worth Billions

Note: The sources for this data is in all of the annual reports, going back a decade, which are linked up in SECTION 1.

Inv. Income refers to investment income. This is money CPPIB claims that the funds make annually. Notice the rate of return varies from 6-18%. That is money that CPPIB makes, not money that YOU will be making from the pension plan.

Year Value of Fund Inv Income Rate of Return
2010 $127.6B $22.1B 14.9%
2011 $148.2B $20.6B 11.9%
2012 $161.6B $9.9B 6.6%
2013 $183.3B $16.7B 10.1%
2014 $219.1B $30.1B 16.5%
2015 $264.6B $40.6B 18.3%
2016 $278.9B $9.1 6.8%
2017 $316.7B $33.5B 11.8%
2018 $356.B $36.7B 11.6%
2019 $392B $32B 8.9%

The value of the pension fund is skyrocketing? Isn’t it? Looking at the values from the annual reports, it has tripled in value in just a decade. This is incredible growth.

What then is the problem?

7. CPPIB Has Billions In Unfunded Liabilities

Not just billions, but hundreds of billions in liabilities.

While the CPPIB staff crow about how sustainable the system is, the Office of the Superintendent of Financial Institutions had a very different conclusion.

The Plan is intended to be long-term and enduring in nature, a fact that is reinforced by the federal, provincial, and territorial governments’ joint stewardship through the established strong governance and accountability framework of the Plan. Therefore, if the Plan’s financial sustainability is to be measured based on its asset excess or shortfall, it should be done so on an open group basis that reflects the partially funded nature of the Plan, that is, its reliance on both future contributions and invested assets as means of financing its future expenditures. The inclusion of future contributions and benefits with respect to both current and future participants in the assessment of the Plan’s financial state confirms that the Plan is able to meet its financial obligations over the long term1 2

What is the difference between open group basis and closed group basis?

The open group approach addresses assets and liabilities with respect to their expectations v.s. reality. The closed group approach, however, measures total assets and liabilities. And to see how much of a difference it makes, see the following two screenshots.

If you use the open group approach, everything looks fine. Reality comes very close to what you are expecting. However, the “closed group approach” takes everything into account, not just expectations.

Remember, when younger workers are paying into CPP, the organization has the money, but it isn’t theirs. It belongs to the workers, even if they won’t retire for 20, 30, or 40 years. The only way “open group approach” works is if the CPPIB had no intention of paying younger workers back.

All things considered, Canada Pension Plan is short $884.2 billion (as of 2016). This is if you don’t use selective accounting.

Paying off current obligations, by taking money from new people. Isn’t that how a ponzi scheme works? To be fair though, there is “some” investing done by CPPIB. It’s just that the bulk of the new money comes from the younger suckersworkers.

Guess this partially explains why all parties are so pro-mass-migration. Workers are needed to be shipped in to contribute deductions to fund the shortfall.

8. Is CPP Used To Prop Up Public Pensions?

As the federal and provincial governments continue discussing changes to the Canada Pension Plan, it is worth recalling that there are no public discussions of the most important pension issue in Canada: The unsustainable gap between the pensions of public servants and most everyone else. In fact, some critics maintain that the push to expand the CPP is driven by an unspoken need to prop up public-sector pension plans a little longer. However, doing so will only delay the inevitable overhaul of both the benefits and the funding of public-sector pensions.

The key issues surrounding public-service pension-plan benefits are mostly unspoken, both to their members and to taxpayers. Public-sector unions allow their members to believe the fiction that members contribute a fair share of their own retirement benefits, when really, the vast majority is funded by taxpayers. Few people appreciate how the CPP is folded into public-sector pension benefits: since benefits are “defined” in advance, an increase in CPP benefits reduces the amount that a public-sector pension needs to pay out to retired workers (leaving unchanged the total benefit payout to public-sector retirees). Meanwhile, taxpayers are kept in the dark about the full measure of unfunded future benefits they will have to pay, even as they shoulder more of the burden for their own retirement.

That is a theory floated over the years. Unfortunately, it gets difficult to prove given how CPPIB will not be honest about their $884.2 billion in unfunded liabilities. Their annual reports seem designed to conceal the truth.

An interesting argument though. If public sector union workers are retiring (or are retired), then they have likely been promised a good pension. However, if those union funds can’t cover it, would CPP be dipped into to make up the difference?

9. CPPIB “Invests” 85% Outside Of Canada

(From page 11 of the 2019 report)

Our 2025 strategy With two decades under our belt, CPPIB has hit its stride and truly knows its potential as a global active manager of capital. Last year, I wrote about the Board-approved strategic direction for CPPIB in 2025. Over this past year, we’ve continued to refine this 2025 strategy, and chart the course for the coming years.

Pillars of our 2025 plan include investing up to one-third of the Fund in emerging markets such as China, India and Latin America, increasing our opportunity set and pursuing the most attractive risk-adjusted returns. We have reoriented our investment departments to deliver on this growth plan, to manage a larger Fund and to achieve our desired geographic and asset diversification.

To ask the obvious question: why is the CPPIB so eager to plow its money into FOREIGN ventures? Wouldn’t putting the bulk of it into Canadian projects make more sense?

This is not just a return-on-investment issue. Plowing that money into Canadian industries would help Canadians, and help drive Canadian employment, would it not? This is supposed to be a “Canadian” pension fund.

(From page 13 of the 2019 report). The CPPIB expects that by 2050, nearly 1/2 of all income to the pension plan will be from interest and dividends on its portfolio

For reference, the fund value is calculated using this rough formula
Employee & Employer CPP Contributions + Fund Investment Returns – CPP payouts = Value

So how much of CPPIB investments are in Canada?

That’s right, just 15.5% in Canada. The other 84.5% is invested abroad. Where specifically is this money going?

(1) Midstream joint venture United States US$1.34 billion Formed a joint venture with Williams to establish midstream exposure in the U.S., with initial ownership stakes in two of Williams’ midstream systems.
(2) Grand Paris development Paris, France Formed a joint venture with CMNE, La Française’s majority shareholder, to develop real estate projects linked to the Grand Paris project, a significant infrastructure initiative in Paris.
(3) Ultimate Software United States Total value: US$11 billion Acquired a leading global provider of cloud-based human capital management solutions, alongside consortium partners Hellman & Friedman, Blackstone and GIC.
(4) CPPIB Green Bond Issuance Canada and Europe C$1.5 billion/€$1.0 billion First pension fund to issue green bonds in 10-year fixed-rate notes. Our inaugural Green Bond was a Canadian dollar-denominated bond, followed by a eurodenominated bond.
(5) ChargePoint United States Total value: US$240 million Invested as part of a funding round in preferred shares of ChargePoint, the world’s leading electric vehicle charging network.
(6) European logistics facilities Europe €450 million Formed a partnership with GLP and Quadreal to develop modern logistics facilities in Germany, France, Italy, Spain, the Netherlands and Belgium.

(7) Companhia Energética de São Paulo (CESP) São Paulo, Brazil R$1.9 billion Together with Votorantim Energia, acquired a controlling stake in CESP, a Brazilian hydro-generation company.
(8) Pacifico Sur Mexico C$314 million (initial) Signed an agreement alongside Ontario Teachers’ Pension Plan to acquire a 49% stake in a 309-kilometre toll road in Mexico from IDEAL.
(9) WestConnex Sydney, Australia Total value: A$9.26 billion Invested in WestConnex, a 33-kilometre toll road project in Sydney, alongside consortium partners Transurban, AustralianSuper and ADIA.
(10) Logistics facilities Korea Up to US$500 million Partnered with ESR to invest in modern logistics facilities in Korea.
(11) Challenger fund Australia and New Zealand A$500 million Partnered with Challenger Investment Partners to invest in middle-market real estate loans in Australia and New Zealand.
(12) Ant Financial China US$600 million Invested in Ant Financial, a company with an integrated technology platform and an ecosystem of partners to bring more secure and transparent financial services to individuals and small businesses.
(13) Renewable power assets Canada, U.S., Germany C$2.25 billion Acquired 49% of Enbridge’s interests in a portfolio of North American onshore wind and solar assets and two German offshore wind projects, and agreed to form a joint venture to pursue future European offshore wind investment opportunities.
(14) Berlin Packaging United States US$500 million Invested US$500 million in the recapitalization of Berlin Packaging L.L.C. alongside Oak Hill Capital Partners. Berlin Packaging is a leading supplier of packaging products and services to companies in multiple industries.

That’s right. Our Canadian pension fund is being used to prop up projects in: Australia, Belgium, Brazil, Germany, Italy, Mexico, the Netherlands, New Zealand, South Korea, Spain and the United States.

We won’t invest in Canadian industries, but we will bail them out. Great idea.

What about item #4, those green bonds?

10. CPPIB Endorses Climate Change Scam

So called green bonds are now available for sale. So state the obvious, if climate change were really a threat to humanity, then this is blatantly taking advantage of it.

Support for environmental companies or projects and clean technology is a strategic priority for EDC as demand rises for goods and services that allow for a more efficient use of the planet’s resources. Opportunities to create trade are abundant in this sector and Canada possesses a large pool of both established and emerging expertise in clean technology subsectors such as water and wastewater, biofuel, and waste to energy, to name a few.

Eligible transactions will include loans that help mitigate climate change with clean technology or improved energy efficiency. They also include transactions that specifically focus on soil, or help mitigate climate change. Our rigorous due diligence requirements ensure that all projects and transactions we support are financially, environmentally and socially responsible.

What happens when it becomes politically untenable for these globalist politicians to keep wasting taxpayer money on this hoax? Will it collapse? Will we have to perpetuate the lie in order to ensure that our “investments” don’t disappear?

Another factor that is reshaping the global investment environment is climate change. As a long-term investor, understanding environmental impacts on our investments is a key consideration and we continue to chart both the risks and opportunities stemming from climate change. This year, we launched our inaugural Green Bond, becoming the first pension fund to do so. We followed that with a euro-denominated offering. These issuances provide additional funding for CPPIB as it increases its holdings in renewables and energy-efficient buildings as world demand gradually transitions in favour of such investible assets.

(From Page 10 of the 2019 report.) Perhaps no one informed them that the climate change agenda is a scam, and has become a money pit.

This is hardly the first time that green bonds have come up. It will not be the last either.

When they say “risks and opportunities”, what are the opportunities? Will it be investing in a bubble that is sure to burst? Will it be taking advantage of desperate people?

Euro-denominated offerings? Why, is it a bigger market there?

11. What You Aren’t Being Told

The CPPIB admits that the bulk of its fund (around 85%) is actually invested outside of the country. That’s right, Canadians’ pension contributions being used to finance foreign investments. People assume that their money will be recirculated locally, but that is not the case.

CPPIB admits that it embraces the climate change scam. It goes as far as to endorse so-called “green bonds”. Again, this isn’t something the average person would know.

There is a credible case to be made that CPP funds are being used to top of public sector accounts, which are underfunded.

The CPP Investment Board intentionally distorts the truth about the unfunded liabilities. Using the OPEN GROUP approach, they show that actual assets are very close to expected assets, and they can cover their liabilities.

However, the more honest CLOSED GROUP approach will address “all” assets and liabilities, not just current ones. As it turns out, in 2016, the Canada Pension Plan had $285.4B in assets, and $1169.5B ($1.169.5 trillion) in liabilities. This works out to a $884.2B shortfall.

CPP is grossly underfunded.
CPP is being used to top up public pensions.
CPP is being invested in “green” schemes.
CPP is mainly being “invested” out of Canada.
CPP requires ever growing populations.
In short, we are screwed.