Thank you Prime Minister Mark Carney!
What Genuine Leadership Looks Like
It’s a 15-minute speech. Every Canadian should be proud. Play it.
The speech was delivered against a backdrop of rising geopolitical tensions between great powers like Russia, China and the United States, and as U.S. President Donald Trump threatens allies with tariffs and pushes to acquire Greenland from Denmark, a member of the NATO military alliance
Speech Transcript
Global News Canada has a Full Transcript of Carney’s Speech emphasis mine, but the video is a better watch.
It seems that every day we’re reminded that we live in an era of great power rivalry — that the rules-based order is fading, that the strong can do what they can, and the weak must suffer what they must.
And this aphorism of Thucydides is presented as inevitable, as the natural logic of international relations reasserting itself. And faced with this logic, there is a strong tendency for countries to go along, get along to accommodate, to avoid trouble, to hope that compliance will buy safety.
Well, it won’t. So what are our options?
In 1978, the Czech dissident Václav Havel, later president, wrote an essay called “The Power of the Powerless,” and in it he asked a simple question: how did the communist system sustain itself?
And his answer began with a greengrocer.
Every morning, the shopkeeper places a sign in his window: “Workers of the world unite.” He doesn’t believe in it. No one does. But he places the sign anyway to avoid trouble, to signal compliance, to get along. And because every shopkeeper on every street does the same, the system persists — not through violence alone, but through the participation of ordinary people in rituals they privately know to be false.
Havel called this living within a lie. The system’s power comes not from its truth, but from everyone’s willingness to perform as if it were true. And its fragility comes from the same source. When even one person stops performing, when the greengrocer removes his sign, the illusion begins to crack.
Friends, it is time for companies and countries to take their signs down.
For decades, countries like Canada prospered under what we called the rules-based international order. We join its institutions, we praised its principles, we benefited from its predictability. And because of that, we could pursue values-based foreign policies under its protection.
We knew the story of the international rules-based order was partially false, that the strongest would exempt themselves when convenient, that trade rules were enforced asymmetrically, and we knew that international law applied with varied rigor, depending on the identity of the accused or the victim.
This fiction was useful, and American hegemony in particular helped provide public goods, open sea lanes, a stable financial system, collective security, and support for frameworks for resolving disputes.
So we placed the sign in the window. We participated in the rituals, and we largely avoided calling out the gaps between rhetoric and reality.
This bargain no longer works. Let me be direct. We are in the midst of a rupture, not a transition.
You cannot live within the lie of mutual benefit through integration when integration becomes the source of your subordination.
The multilateral institutions on which the middle powers have relied — the WTO, the UN, the COP, the very architecture of collective problem solving — are under threat. As a result, many countries are drawing the same conclusions that they must develop greater strategic autonomy in energy, food, critical minerals, in finance and supply chains. And this impulse is understandable.
A country that cannot feed itself, fuel itself, or defend itself has few options. When the rules no longer protect you, you must protect yourself.
But let’s be clear-eyed about where this leads. A world of fortresses will be poorer, more fragile, and less sustainable.
And there’s another truth: if great powers abandon even the pretense of rules and values for the unhindered pursuit of their power and interests, the gains from transactionalism will become harder to replicate.
Hegemons cannot continually monetize their relationships. Allies will diversify to hedge against uncertainty. They’ll buy insurance, increase options in order to rebuild sovereignty, sovereignty that was once grounded in rules but will increasingly be anchored in the ability to withstand pressure.
This room knows this is classic risk management. Risk management comes at a price, but that cost of strategic autonomy, of sovereignty, can also be shared. Collective investments in resilience are cheaper than everyone building their own fortresses. Shared standards reduce fragmentations. Complementarities are positive sum.
The question for middle powers like Canada is not whether to adapt to the new reality — we must.
The question is whether we adapt by simply building higher walls, or whether we can do something more ambitious.
Now, Canada was amongst the first to hear the wake-up call, leading us to fundamentally shift our strategic posture. Canadians know that our old, comfortable assumptions that our geography and alliance memberships automatically conferred prosperity and security, that assumption is no longer valid. And our new approach rests on what Alexander Stubb, the president of Finland, has termed value-based realism.
Or, to put it another way, we aim to be both principled and pragmatic. Principled in our commitment to fundamental values, sovereignty, territorial integrity, the prohibition of the use of force except when consistent with the UN Charter and respect for human rights.
And pragmatic in recognizing that progress is often incremental, that interests diverge, that not every partner will share all of our values.
So we’re engaging broadly, strategically, with open eyes. We actively take on the world as it is, not wait around for a world we wish to be.
We are calibrating our relationships so their depth reflects our values, and we’re prioritizing broad engagement to maximize our influence, given the fluidity of the world at the moment, the risks that this poses and the stakes for what comes next.
And we are no longer just relying on the strength of our values, but also the value of our strength.
We are building that strength at home. Since my government took office, we have cut taxes on incomes, on capital gains and business investment. We have removed all federal barriers to interprovincial trade. We are fast tracking $1 trillion of investments in energy, AI, critical minerals, new trade corridors and beyond. We’re doubling our defence spending by the end of this decade, and we’re doing so in ways that build our domestic industries. And we are rapidly diversifying abroad.
We’ve agreed to a comprehensive strategic partnership with the EU, including joining SAFE, the European defence procurement arrangements. We have signed 12 other trade and security deals on four continents in six months.
In the past few days, we’ve concluded new strategic partnerships with China and Qatar. We’re negotiating free trade pacts with India, ASEAN, Thailand, Philippines and Mercosur.
We’re doing something else: to help solve global problems, we’re pursuing variable geometry. In other words, different coalitions for different issues based on common values and interests. So on Ukraine, we’re a core member of the Coalition of the Willing and one of the largest per capita contributors to its defence and security.
On Arctic sovereignty, we stand firmly with Greenland and Denmark and fully support their unique right to determine Greenland’s future.
Our commitment to NATO’s Article 5 is unwavering, so we’re working with our NATO allies, including the Nordic-Baltic Eight, to further secure the alliance’s northern and western flanks, including through Canada’s unprecedented investments in over-the-horizon radar, in submarines, in aircraft, and boots on the ground — boots on the ice.
Canada strongly opposes tariffs over Greenland and calls for focused talks to achieve our shared objectives of security and prosperity in the Arctic.
On plurilateral trade, we’re championing efforts to build a bridge between the Trans-Pacific partnership and the European Union, which would create a new trading bloc of 1.5 billion people on critical minerals.
We’re forming buyer’s clubs anchored in the G7 so the world can diversify away from concentrated supply. And on AI, we’re cooperating with like-minded democracies to ensure that we won’t ultimately be forced to choose between hegemons and hyperscalers.
This is not naïve multilateralism, nor is it relying on their institutions. It’s building coalitions that work issue by issue with partners who share enough common ground to act together. In some cases, this will be the vast majority of nations. What it’s doing is creating a dense web of connections across trade, investment, culture on which we can draw for future challenges and opportunities.
Our view is the middle powers must act together because if we’re not at the table, we’re on the menu.
But I’d also say that great powers can afford, for now, to go it alone. They have the market size, the military capacity, and the leverage to dictate terms. Middle powers do not. But when we only negotiate bilaterally with a hegemon, we negotiate from weakness. We accept what’s offered. We compete with each other to be the most accommodating.
This is not sovereignty. It’s the performance of sovereignty while accepting subordination.
In a world of great power rivalry, the countries in-between have a choice: compete with each other for favour, or combine to create a third path with impact. We shouldn’t allow the rise of hard power to blind us to the fact that the power of legitimacy, integrity, and rules will remain strong if we choose to wield it together.
Which brings me back to Havel. What does it mean for middle powers to live the truth?
First, it means naming reality. Stop invoking rules-based international order as though it still functions as advertised. Call it what it is: a system of intensifying great power rivalry where the most powerful pursue their interests using economic integration as coercion.
It means acting consistently, applying the same standards to allies and rivals. When middle powers criticize economic intimidation from one direction but stay silent when it comes from another, we are keeping the sign in the window.
It means building what we claim to believe in, rather than waiting for the old order to be restored. It means creating institutions and agreements that function as described, and it means reducing the leverage that enables coercion.
That’s building a strong domestic economy. It should be every government’s immediate priority.
And diversification internationally is not just economic prudence; it’s a material foundation for honest foreign policy, because countries earn the right to principled stands by reducing their vulnerability to retaliation.
So, Canada. Canada has what the world wants. We are an energy superpower. We hold vast reserves of critical minerals. We have the most educated population in the world. Our pension funds are amongst the world’s largest and most sophisticated investors. In other words, we have capital talent. We also have a government with immense fiscal capacity to act decisively. And we have the values to which many others aspire.
Canada is a pluralistic society that works. Our public square is loud, diverse and free. Canadians remain committed to sustainability. We are a stable and reliable partner in a world that is anything but, a partner that builds and values relationships for the long term.
And we have something else: we have a recognition of what’s happening and determination to act accordingly. We understand that this rupture calls for more than adaptation. It calls for honesty about the world as it is.
We are taking a sign out of the window.
We know the old order is not coming back. We shouldn’t mourn it. Nostalgia is not a strategy, but we believe that from the fracture we can build something bigger, better, stronger, more just. This is the task of the middle powers, the countries that have the most to lose from a world of fortresses and the most to gain from genuine cooperation.
The powerful have their power. But we have something too: the capacity to stop pretending, to name realities, to build our strength at home, and to act together.
That is Canada’s path. We choose it openly and confidently, and it is a path wide open to any country willing to take it with us.
Thank you very much.
Wow. Thank you Mark Carney for showing the world what leadership looks like.
Canada has a Prime Minister. The US has a delusional [*&%$!] surrounded by sycophants all proud of their sign in the window (until Trump turns on them which is guaranteed to happen, one-by-one).
I am very pleased to report that Canada took a stand. Carney removed his sign from the window.
Meanwhile, back in the US, racists, bigots, and economic illiterates find a way to support Trump’s gestapo.
Police Officer Boxed In by ICE
Racial Profiling
Only bigots support racial profiling. Period.
A Word About Trump’s Pardons
Gestapo Tells Native American “I’ll Get Your Family Next”
Trump’s Thoughts and Prayers
Ted Cruz Once Made Sense
In Need of a Civics Test
Makes You Proud to Support the Gestapo, Doesn’t It?
If You are a Bigot, You Support This
Illegal Entry to Capture a US Citizen With No Crime Record
No Not Everyone
Unfortunately, that’s not true. The bigots, white supremacists, and MAGA morons still find reasons to support Trump.
Mistaken Identity
Regarding Epstein
Native Americans
If these videos disturb you, it’s because they should disturb you.
If they don’t disturb you, then look in the mirror to see someone with a huge problem.
Oh, and please hang a sign in your window.
“Proud MAGA” or “Proud Racist”
So the people of the valley
Sent a message up the hill
Asking for the buried treasure
Tons of gold for which they’d kill
Came an answer from the kingdom
“With our brothers, we will share
All the secrets of our mountain
All the riches buried there”
Now the valley cried with anger
“Mount your horses, draw your sword!”
And they killed the mountain people
So they won their just reward
Now they stood beside the treasure
On the mountain, darkened red
Turned the stone and looked beneath it
“Peace on earth” was all it said
Go ahead and hate your neighbour
Go ahead and cheat a friend
Do it in the name of heaven
You can justify it in the end
There won’t be any trumpets blowing
Come the judgement day
On the bloody morning after
One tin soldier rides away
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Trump says his own morality is the only check on his power.
Indeed. Since he has no morality, there are no checks.
January 19, 2026: Trump “No Longer Feels an Obligation to Think Purely of Peace”
Trump states the obvious.
Well, at least it wasn’t a lie.
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We have yet another idiotic rationalization to take Greenland. This idiocy is courtesy of the Treasury Secretary.
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Addendum – Derivatives
To my Canadian brother’s and sister’s…….. But wouldn’t you rather hear a Gino Vannelli concert???
Live in LA……………..all time classic, what a band and the drummer is killing
Gino was a pretty good drummer BTW
“(We knew the story of the international rules-based order was partially false), that the strongest would exempt themselves when convenient, that trade rules were enforced asymmetrically, and we knew that international law applied with varied rigor, depending on the identity of the accused or the victim.
This fiction was useful, and American hegemony in particular helped provide public goods, open sea lanes, a stable financial system, collective security, and support for frameworks for resolving disputes.
So we placed the sign in the window. We participated in the rituals, and we largely avoided calling out the gaps between rhetoric and reality.”
These ‘Vipers’ All Went Along With The ‘LIES’ + ‘WAR$$’.! Carney Was A ‘Bankster’.!
They All Went Along With The ‘LYING’ War of Terror.!
Bush/Cheney Crime Team’s 2001 ‘War Of Terror’ (Ongoing) – (“Either You Are With Us Or You Are With The Terrorists,”) – Creating ‘Greater Israel’.
In 2001, This is a memo that describes how we’re going to take out seven countries in five years, starting with Iraq, then Syria, Lebanon, Libya, Somalia, Sudan and – (‘Finishing Off, Iran’) – Gen W. Clark + GAZA
Millions Dead – Millions Displaced – Created Worldwide Immigrant Crisis.
Mish, if you’re still reading comments on this one, I’d encourage you to listen to Glenn Greenwald’s take on Carney’s speech: https://m.youtube.com/watch?v=V5hwDezze-k
“Carney destroys the myth that political leaders are ignorant and stupid. He turns the light on that they are actually ‘Diabolical’.”
“One of the west’s most pro-establishment loyalists (Carney) admits that a central prong of western propaganda — that the US and EU adhere to a “rules-based international order” — is and long has been a (Complete Fraud and Fiction.)”
Great video, thanks
Yeah all praise for Mark Carney
Oh wait he is in the top 10 of the most evil globalist elite whose goal is the impoverishment murder and enslavement of mankind
This reminds me of your praise for Bidens speech on Afghanistan, the most ill-conceived disastrous plan execution in American history. We know how that turned out
So we are in a war between the anti-human and the pro-human factions of humanity
Mish you have shown us which side you are on. The anti-human side
Maybe watch a short bit by Neil Oliver
https://www.youtube.com/watch?v=i-VsGsauyRE
Tom, I agree with you on most things, but I’ll never fault Biden for how we exited Afghanistan. Theoretically it could have been done better, but no one before him ended it. It was always going to be ugly. Getting out was one of the only things Biden did right.
Right, Leave Billions In Military Equipment For The Next Terrorist’s War$$.!
trump received a standing ovation in davos today. the oligarchs of the worlds seem pleased at the looting from ukraine to VZ to greenland and cuba and persia…………
Tells you everything about WEF attendees. They haven’t noticed their time is over. Thank God they at least disposed of the miserable Gollum Schwab figure. Unbearable,
It’s like Kamela Harris and Hunter Biden really have your ear. This all comes to me in a financial website, but all above and below are political propaganda and ad hominem attacks. Better suited to WSJ, Vanity Fair and Rolling Stone.
Maybe think up and deliver a Somalia Small Cap Growth Fund. There’s big, big bucks there, divorced from the Bad Thump and Maga. Hunter has some time now and would love to help.
Somali Small Cap Growth Fund???LMFAO……………
Yeah but why make it all taxable now? Know one knows about it.
Well at least 95% of the left wing posers here
All the MAGA can do is pop up and smear Mish with “guilt by association” made-up equivalencies to their liberal boogeymen like Hunter, etc.
I guess they’re OK with non-release of Epstein files, $500B increases in defense spending, trampling of Constitutional rights, personally ordered tariffs, etc.
But I pointed that out, so I must be Bill Clinton posting under a fake name.
This type of surface level tongue bathing a politician is how we get fools like Obama and Carney. It’s also what leads people to want someone like Trump.
How do people not see this?
Don’t let your tds fool you into thinking carney is anything other than a fool.
Best list of complaints about Trump, I have heard yet.
Once again, I will relay the path I am suggesting that will fix the problem. Removing Trump before things get worse.
Contact your Senators and ask them to commit now to find Trump guilty the first chance they get. Then they should contact their Representative(s) and ask them to Impeach him ASAP. As vindictive as Trump is anyone who votes against him will be attacked at once. But if he is found guilty quickly, he won’t have time to get his vengeance.
The only weakness in this plan is Democrats may want to keep Trump in office so that they will be able to completely take over America after the Midterms.
If we don’t hurry it will be too late to save what is left of the US. That is why we must force them to commit in advance, or get replaced themselves at the midterms.
All Americans should be disgusted, ashamed, and extremely concerned with the damage that Trump is choosing to impose on the world.
The US will bear the blunt of the damage. As a matter of fact, Trump is pushing the world to decouple from the toxic economic and cultural influences by the US and this better future is to his credit.
Mish, who was the greatest political orator of the 20th century?
Why, the war monger Winston Churchill, of course.
Proud of starting the war with Germany with 20 million dead. “We did not kill enough of them”. And still a national hero in the UK.
according to charlie chaplin, the greatest actor of 20th c, he said it was hitler. i’d say benito and adolph the best. trump pretty close.
so much tard in only a few statements.
Imagine believing that Canadians should be proud of the man who quietly enriched himself through backstage advisory to Trudeau (and prior when in England), then installed as party leader, who promised a deal on trade by July 2025, but has only made things worse domestically before being put in the corner and left waiting. Mish, stay in your lane, you know nothing of Canada. Ask anyone not in Ontario.
99% of those here know nothing about Brookfield.
i’m in the 1% that knows.
have done a ton of business in CA. vancouver to alberta to toronto and montreal and nova scotia………..great people. never made so much money than when i invested in cannabis companies up there 2015 to 2018. 20x on my dough. the women in canada crack me up. they cuss more than i do. i’m from nyc. love the place.
I have Canadian friends who gripe about everything in Canada. Nothing new there and I am hoping you are as nice as them so I wanted to reply to you. A simple question: How can you make a deal with a country leader who keeps changing his minds every second? As for “enriched himself” I say it is a gift to have that talent, if true, in this environment for sure, since we have one too. So I wouldn’t complain. By the way, after assuming PM role, he was decisively elected as PM so might have forgotten.
Thank-you Mish!, I’m incredibly proud that we have Carney as PM.
Intelligence matters.
If Trump’s mini-me, Pierre Poilievre, had been elected PM instead of Carney, he would probably have given Trump everything he wanted &Trump would have looted Canada. Just like he’s doing to Venezuela.
yay, bankers! The stupidity of this is remarkable.
When Carney was Governor of the Bank of Canada, he said NO to the moronic subprime mortgage scheme.
I think we all know how that tale of two financial systems worked out.
Maybe Trump should be forced to subin Carney for head of the Federal Reserve.
We all know Trump’s planning to put in a flunky & bestow 3rd World inflation rates on the US.
tell me about carney’s fossil fuel investments over the last 5 years. Will people like you never admit you’ve been conned? It appears so. Carney loves double dipping and then say he’s green so it’s cool.
I guess you guys have short memories or don’t pay attention.
VZ will be like iraq and afpak and viet nam. a boondoggle payday for the MICC boys in the C suites. and of course wall street that finances them………….9.11.01 was christmas morning for the MICC. an obvious inside job like USS maine and the rest of them……..
Two idiot kings in a row. Can’t wait for the next one.
At least European leaders are sane. Wait a minute, are they?
Canadians would be a lot prouder if they actually won a Stanley Cup for the first time in 30+ years. Pride happens when your country does great things not when a blowhard gives a speech.
What about curling? Canadians dominate the sports that are mostly drinking. See also ice fishing.
Figure skaters don’t drink? Asking for a friend
The 7th and 8th leading points scorers in WHA history have something in common, and something not in common.
Trump renews demand for Greenland, but says he ‘won’t use force’
Greenland should start teasing the holy crap out of him. Bring in a huge delegation of Chinese mining companies to look at potential mining sites. Start assessing sights for the Chinese to build shipping ports. Let them build a Greenland railroad. Stuff tampon turds right up his nose for three straight years. What’s going to do? Slap tariffs on Greenland? Lol.
Wow!
Carney is a statesman and Canadians should be proud to have him as a leader
Trump just spoke, (Bloviated) at the same conference. Everyone in the audience knows he is a liar and bully. A pederast and felon, yet they listen and in the end applaud. Most notably, the applause was extremely weak!
I hope more nations take down their metaphorical signs and broadly diversify their relationships. The US is not the benevolent friend it once was.
Canada is adding around 90 drilling rigs per week to their oil industry, vastly expanding their oil production and pipeline and export capacity. Eliminating on their dependence on the unreliable US. Canada is investing a trillion dollars in their economic output.
The US is driving away its allies and fomenting distrust every day that Trumps team of fascists remain in power.
No small wonder that gold has broken above $4,850.
Trusting Trump is a huge mistake…
lol, shocker you’d join in the tongue bath.
Canadians’ speech is far more restricted than in the US. And the institutions that Carney has named like the UN and other international organizations hardly represent some rules-based order but rather international grifters. He has some good points, but Canada is a mess right now, a politically correct and expensive place to live.
Canada is not a mess. The USA? The USA is a mess. It’s an emerging wall-to-wall Christian Nationalist concentration camp. Watch for a parachute jump to conquer Minneapolis.
Meanwhile if you polled everyone that lives in the state but outside of Minneapolis they will tell you they want nothing to do with that city
But hey, you go wildly exaggerate and contribute to the incoming chaos and violence we better hope is confined to Minneapolis
Are the Christian Nationalist camps just all around Minneapolis? everywhere but a sanctuary city? a sanctuary state?
Asking for a friend
Can you find me a poll showing that or is your ass talking?
If you do not know anyone from MN or work with someone or that travels there a simple Utube video search or google will do
Please tell me you are not implying the rest of Minnesota is like Minneapolis?
So what?
You are amazing with your whataboutisms.
In fact you are the king of irrelevant whataboutisms.
Canada may be a mess but at least is does not have Gestapo thug liars running the country.
Fred, are you related to Nat Birnbaum?
Trump’s just-concluded speech was not really a speech. To me it sounded like 2/3 hyperbolic braggadocio, and then “we did everything to win WW2 and Europe you owe us Greenland, it’s a small ask, the least you could do to thank me for my greatness”
Looking forward to hearing a real speech, Carney’s.
OMG I’m listening to Trumps drivel at Davos, he’s a total embarrassment. It utter rambling nonsense. To be honest, he sound ill.
Agree, really cringeworthy rambling.
Fuck Trump. But FUCK the FOREIGN INVADERS who rape our women, kill our children and rape our Tresury. To hell BOTH with Democrats AND Republicans, both traitorous muslim-and-jew-and-money-worshipping anti-American pieces of shit. Enough.
Ah, the Art of the meaningless diatribe. The Force is powerful with this one.
Learn to love your fellow man
They may have to build some annexes in hell to accommodate everyone!
Make up lies. Do massive damage to the country “fixing the lies”.
Trump, Hegseth and Stephen Cohen are no doubt meeting drawing up plans for seal Team 6 to scoop up Carney and his wife in the middle of the night and make him a cellmate of Maduro. Better solution than invading Canada-at least for now. The nerve of carney not acting in his rightful role of Governor of the future 51st State. In all seriousness-when will this madness end? What’s even more frightening than the madness of Trump are his mindless supporters that continue to cheer him on as he engages in his ruinous campaign of destroying the Country, which if we can avoid a nuclear war, will likely begin in earnest with the destruction of the US Dollar
Correction–“Stephen Miller” not Cohen.
don’t forget to have your parents put some newspaper on the floor before you relieve yourself.
Canadians would be proud if our country hadn’t turned into a shithole. Carney should focus on the everyday lives of Canadians. No one cares what our wanker prime minister says to the rest of the world.
Curtis. You think the 8 downvoters were from Americans ? LOL
Mostly upvotes though isn’t it. Try living in this fucking country.
LOL. I really wasn’t disagreeing with ya.
you polishing carney right now? his boots need more spittle.
Carney was doing well until, half way through, he took down a sign and hung another by aligning with the sane institutions whose purpose is to prop up the hegemony. Different spots, same leopard, oh, Canada!
Maybe the United States should become the eleventh province of Canada.
50 state solution by jan 20, 2029
Less than 3 years away
Gold to the moon. CA can easily issue currency backed by their petroleum, food, tech and hollywood………………..
Trump’s trying to drive MN out of the Union – they’ll prob join Canada.
He tried to push CA out, but they were too strong. They will leave at a time they choose.
He started to push out IL, but changed his mind. Think he was advised that it was a vital transport hub.
Unfortunately, secession is not allowed. That was established 160 years ago.
The USA is the Hotel California for States.
It’s not secession. It’s the Federal govt. trying to destroy individual states.
So the states go their separate way.
Once the remaining billionaries and tech giants relocate like they are starting to I might be wishing CA would secede
“Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety.”
Benjamin Franklin
MAGA Christo-fascists continue to drive us away from the values of our founding. We lasted 250 years before the weak and ignorant finally took over.
Back in the early 1980’s, we had a substitute teacher in my history class, (public high school in a small town in norther New York, just an hours drive south of Montreal. I can’t remember what the discussion was about, but I’ll never forget him saying something to the effect that the United States and Russia would change places. As far as Carney goes, that was a really good story, but remind me again what he did for a living?
Talk the talk but where’s the walk? This is a politician speaking and politicians have forked tongues and not only speak out of both sides of their mouths but also their ass.
This is the speech of a statesman and I’m proud to be associated with it – I’m Canadian.
Unfortunately in politics, pragmatism is the order and grand speeches like this are masking the truth in a different manner. Simplistically, why the 100% tariff on Chinese cars? If we have these huge resources, why are they still untouched in the ground?
If Carney can make good on his words, I’ll support him. However, the little evidence so far does not offer much hope – he is the Liberal leader and Liberals have been in power for more than 10 years.
Yep-Watch what they do not what they say. Talk is cheap!
are you saying all the canada resource companies we can own on exchanges or directly, as i have is a mirage?
His walk is in his talk: G7, NATO, IMF, the Ukraine, etc. That is, he will continue the course, or rather, the curse. He just changed the font of the sign and hung it again.
Agree. Completely ruined the speech by hanging out his overlords instruction manual in the open
Canada’s hydroelectric plants are “resources” -iinexpensive power that the US is thirsting after.
Carney’s speech starts well. But then it degenerates by endorsing the European Union, the “coalition of the willing,” meaning Macron, Starmer, Merz, who are completely disqualified in their own countries.
those are democratic countries so no they aren’t disqualified. and unlike the US there’s actually mechanisms to get them out of office thats much easier than impeachment.
We live in an increasingly limited democracy in Europe. Macron, for example, used his connections in the judiciary to smear his main opponent, Fillon, who was the favorite, just weeks before the 2017 election. Merz, in Germany, is trying to ban the AfD, also his main opponent. And Starmer has just postponed four important mayoral elections, in which a disaster for his party was expected. Let’s not forget the disqualification of the leading candidate in the Romanian presidential election.
Not to mention the administrative measures taken against dissidents, such as Jacques Baud, a Swiss citizen living in Belgium, who has been deprived of all access to his bank accounts. Many other dissidents have had their bank accounts closed (I find it hard to believe that these are solely decisions made by the banks).
Where do you think democracy is especially strong on this planet?
Switzerland ?
Just like Carney can thank Trump for the defeat of the conservatives in Canada, Macron, Merz, Starmer, Leyen, etc, will likewise be able to thank Trump for the continuation of their rules in Europe.
He’s someone else’s gimp, but at least he had the good sense to take off the S&M uniform and remove his ball gag.
Carney sold the EV market to the Chinese, the energy marker to the libtards, and the Stanley Cup to America for 30 straight years. I’m sure Canadians are really proud
Reading comments it looks like Mike’s readers mostly ARE ICE and MAGA. How come?
old geezers who are scared. imho. i’m a geezer. most of my boomer pals are total pussies. i was in USSR empire, right after it collapsed and saw how the 20 and 30 somethings were jacked up and happy it was over. the old geezers north of 40 lost their minds. same shit will happen here as our empire is crumbling. don’t be scared girls, it’s a good thing when evil empires collapse.
Funny thing about collapsing empires is that another one always seems to rise up out of the ashes, like a phoenix, to takes its place. Remind me who Marc Carney is again? What is his educational background and employment history? Trump was raised and groomed by Empire to do precisely what he is doing…to play the role of the Greatest Heel @ this moment. Carney mentions that “progress is incremental”, but I will argue that, progress, is and will always be, a theoretical concept which remains the weapon of choice for those who wear the ring.
carney is just a leader of a very resource rich nation and part of an empire that crumbled a century ago. all empires crumble. this is really not that surprising. i’m betting there will be plenty of skirmeshes like in MN. perhaps some wars internally in a few amerikan states, but by 2029 we will be back to pre 1865 confederation. sort of how the USSR crumbled. look at the EU. was just a few empires not too long ago. now a confederation of states. this is the story of the past few centuries……..pax dumbfuckistan is no different. our lives so plush, so we can watch it on our computers. even the us civil war was a non event for much of the population in the USA. some places took massive assaults. my home for a decade, of charleston SC was firebombed non stop for over a year, when only women and slaves there.
For me, a collection of news items related to ICE isn’t enough to form an opinion. I first need to compare the number and frequency of these regrettable events with the results achieved. If there have been a million deportations, these incidents are inevitable. Here in Europe, the immigration problem will surely degenerate into civil war; that’s no better.
pro tip. people have been migrating to europe and amerikas for the past 10,000 years, minimum. FFS don’t you people know any history ?
In Europe, over the last 1000 years, the vast majority of migrations occurred in the last century. It is true that proponents of immigration in Europe perpetuate the myth that it has always existed. Of course, the situation in America is completely different. And even there, immigration should not be permitted if the majority of the population opposes it.
As a percentage of existing population at the time? It always existed. Italians started migrating to England as Romans. There are tons of Anglicized Italian names. Tolliver is an English metal worker. Why? Because the Taliaferros were Italian metal workers who migrated to England. They brought advanced metal working to a bunch of lazy homegrown dummies who could not figure it out.
Question to chatGPT:
This concerns the end of the Western Roman Empire. It was invaded by Germanic tribes who ultimately brought it down. But what does this represent demographically? What proportion of the Western Roman Empire’s population did these Germanic tribes make up?
Short answer: the Germanic “invaders” were a very small minority of the population of the Western Roman Empire—almost certainly well under 10%, and probably closer to 2–5%. The fall of the Western Roman Empire was not a demographic replacement, but a political and military takeover by elites.
Question to chatGPT:
This concern the Roman Empire and its population. During its formation, the Roman Empire conquered many territories, where many people from Italy settled. How did this change the demographic composition of the conquered territories?
In most cases, it changed far less than people often imagine. Roman expansion was not accompanied by mass Italian settlement across the empire. Instead, Rome ruled an overwhelmingly non-Italian population, and demographic continuity in the provinces was the norm.
But I think that Italy itself was massively impacted, because of the slaves
On the contrary, current migrations in Europe are population replacements.
And who forgot everything the Romans taught them (like central heating, lol).
But the elephant in the room is the current crop of immigrants do not want assimiliate to their new country, let alone assimiliate to western culture.
Thats why their will be a civil war.
You liberal minded libertarians can believe whatever you want but the facts on the ground will prove Toutatis correct
Agree. Good piece on immigration vs modern day gimmegration here:
explaining immigration in one graph – what worked, what went wrong, and how to fix it – el gato malo – Jan 21
https://boriquagato.substack.com/p/explaining-immigration-in-one-graph?
Are you able to observe the administration excusing and justifying the violations of Constitutional rights, pardoning the J6ers, and the Supreme Court rubber-stamping everything the executive branch wants?
Can you extrapolate where that goes?
Or are you laying back and saying, “Well, it’s worth it to get some non-citizens out.”?
Regarding ICE, I’m simply saying that a massive police operation inevitably leads to such incidents. What would be important to know is their number, relative to the scale of the operation. And of course, also, whether these incidents resulted in charges and reparations. Regarding “pardoning the J6ers,” I saw their indictment and conviction as a gross exaggeration.
On the other hand, I don’t think the Supreme Court was established to condemn what you think should be condemned.
Granted, there will be incidents. But door-to-door warrantless searches are expressly forbidden by the 4th amendment to the Constitution.
Aren’t you more afraid of a government ignoring the Constitution than some people sneaking in to pick fruit or clean hotel rooms?
Mish has provided a regularly anti-estabolishment take on economics for decades.
It has attracted a bunch of readers who are here because of his anti-Fed positions. Historically, he has always skewed Libertairian politically.
He has, at times, been very pro-gold ownership.
His long-time readership apparently also includes a lot of MAGA who were attracted by Trumps stuff, who Mish has always treated fairly.
very true. been lurking here for many years. only started posting a few years ago………..mish original assessment of trump seemed idiotic to me. seems like he has seen the light on the grifter. i’ll repeat. democracy works. idiots elect idiots. all layed out in plato’s republic thousands of years ago. it’s not complicated girls and boys. most cannot handle the truth that the vast majority of amerikans are nihilists and don’t really care about any of this war mongering imperial conquest we have been doing nonstop since 1898 and the USS maine spanish war.
Don’t forget the John Birch Society.
any politician who has any involvement with davos wef should be arrested
for treason. as for carney is he not one of the davos gang. like most of the
rest of them should trusted
Your grammar is atrocious.
Any reason these folks should be arrested, or just a tough sounding soundbite?
What a fucking mess this had become. I admit I never saw this coming. I do not vote, I do not believe in voting, and I do not think that there is anyone in Government that can stop this lunacy.
And, to think that Trump can sink lower than an administration that TRIED to hide Biden’s dementia.
And, now I think I prefer brain dead and incapable of doing great harm versus Brain POISONED – – and showing distortions created by an amazing display of Narcissism.
Never a dull moment.
Wish Starmer were a subscriber to Mish.
One thing I forgot. Thinking about walking together with EU to build better and stronger future for Canada is a mistake. If you want to understand why read what Belgian prime minister said in Davos. For him China and Russia are threats. Not potential partners or at least trade partners. That’s position of most of EU memebers. Carney didn’t mention Ukraine or Russia at all. Belgian PM is proud of participating in EUR 90bn loan for Ukraine. Carney would better work with Asia and Latin America as EU is walking into a blind alley of self-destruction.
Trump posturing to get Greenland to provide lucrative natural resource deals to the USA in exchange for a major USA-NATO military base there such as Navy and Marines.
That isn’t the case at all. Existing agreements allow the US to have as many bases in Greenland as it wants.
MAGA has no use for “existing agreements” they are way too inconvenient for Trump
The US already has those deals and bases. No need to takeover Greenland. This was specifically pointed out to Trump. He said we still needed it because ownership would cause him to want to protect it more. Not the US mind you, specifically him. Just didn’t want you to be confused about who and what he is.
Carney’s Davos speech is supposed to be a wake-up call for EU. Carney wants to join forces with EU. Good luck as EU is disfunctional, there are many internal conflicts and European Commission is a gang of imbeciles. Carney would better do deals directly with some EU countries but this is likely blocked by EU legislation.
Unlike EU, Carney went to China to make a real deal, to undo the damage Trudeau committed.
It is funny when Carney calls Canada “middle power”. I would use this term for India, France, may be UK (after closing both eyes).
People criticising Carney for his past – in BoE he learnt how the world works, his speach is the confirmation. He may use it now to secure a place for Canada.
Integrating USA, Canada and Greenland into a single country would be great victory for the US in geopolitical context. But doing it Trump’s way is a non-go.
Even better if we “integrated” Europe. We need more meat to catch bullets when it comes time to integrate China.
How come nobody brings up the Racial Profiling in the Secure Communities Act under Obama. Just as bad but probably statistically worse than the current ICE issues. ACLU was all over this but nobody listened. “We’ve long had anecdotal evidence that Secure Communities is fostering racial profiling, inviting law enforcement to single people out for arrest based on their race or perceived ‘foreignness,’” said Kate Desormeau, staff attorney at the ACLU Immigrants’ Rights Project. October 2011
https://www.law.berkeley.edu/files/Secure_Communities_by_the_Numbers.pdf
• Approximately 3,600 United States citizens have been arrested by ICE through the Secure Communities program;
• More than one-third (39%) of individuals arrested through Secure Communities report that they have a U.S. citizen spouse or child, meaning that approximately 88,000 families with U.S. citizen members have been impacted by Secure Communities;
• Latinos comprise 93% of individuals arrested through Secure Communities though they only comprise 77% of the undocumented population in the United States;
• Only 52% of individuals arrested through Secure Communities are slated to have a hearing before an immigration judge;
• Only 24% of individuals arrested through Secure Communities and who had immigration hearings had an attorney compared to 41% of all immigration court respondents who have counsel;
• Only 2% of non-citizens arrested through Secure Communities are granted relief from deportation by an immigration judge as compared to 14% of all immigration court respondents who are granted relief;
• A large majority (83%) of people arrested through Secure Communities is placed in ICE detention as compared with an overall DHS immigration detention rate of 62%, and ICE does not appear to be exercising discretion based on its own prioritization system when deciding whether or not to detain an individual.
Nice bit of whataboutism, does that mean that the ICE behaviour in the videos in the article is now OK?
just because ACLU says something is racist or violates rights doesn’t make it so. that’s what they exist for. they always have cases, in every administration.
we are not now relying on ACLU to tell us something bad is going on we can see it for ourselves on video.
Also it’s at a much larger scale now. there’s hundreds of disturbing videos. where are they for the Obama arrests? we had smartphones then too.
it’s funny to me how all of a sudden Republicans are holding up Obama as tough on illegal immigration. that’s not what they were saying when he was actually POTUS.
Canada is right to be scared of Donald Trump.
After Greenland, Canada will be next.
Trump’s intention is to be Greatest Nation on the Earth as he promised.
Obviously Mish was the kid who wrote extra credit essays in high school, we thank him for surfacing this erudite epistle. But seriously, did anyone stay awake past “WTO, the UN, the COP, the very architecture of…zzzzzzzzz”
Wake up wimps! You know who is not worried about the new Old World Order? Kim Jong Un that’s who. No one is eager to annex N. Korea, because he’s got nukes and a big bag of crazy.
Here’s the real fake rebel Carney:
Carney agrees ‘in principle’ to join Trump’s ‘Board of Peace (really?)
Mark Carney Exposed: Canada’s Globalist-In-Chief Paperback – May 2 2025 This book tracks Carney’s journey from Goldman Sachs to global central banking, to his high-powered ESG empire at Brookfield.
If you use AI video to put Carney’s speech into Ursula von der Leyen’s voice, no one could tell the difference. Floundering impotence at its most daft. But good to know nonetheless.
if you’re into globalist whataboutism, consider that Bessent used to run Soros’ hedge fund.
Speaking of One Tin Soldier, ol’ Billy Jack is needed today to teach ICE and the Trumpster Fire a lesson or two. He knew the political lay of the land over a half century ago.
Dr. Future
Long time no see.
How the H are you?
Cheers
Mish
I am shocked that Mish would suggest that Prime Minister Bankster Globalist Carney is showing leadership. It’s not leadership. It’s an overdue acknowledgment that the world has changed. It’s only surprising because many of us thought it was never going to happen: The NATO political class has finally started to figure out that life sucks if you are a vassal and the hegemon has its boot on your neck. Anyone showing leadership would have seen this coming years ago and would have figured out that its makes sense to maintain good relations with the Russians.
I am shocked that these country leaders are cowtowing to a deranged dictator who does not have the support of a majority of the US population.
Rutte said don’t tell like that to his DADDY.
agree mish. best speech out of history of davos. most are just circle jerks. wait for our fuhrer, mein drumpf, the ubermensch of pax dumbfuckistan speaks. will be epic. and evil. no doubt. democracy works. assholes elect assholes. hat tip plato’s republic.
Yawn. Have you SEEN Canada? I don’t give a damn what this globalist Century initiative banker says about the rules based order.
This country is awful, has been for decades and continues to get worse.
But you go girl with the inspiring speech. Truly laughable
What exactly are you talking about?
yes I have seen Canada. It is a better place to be than Minnesota.
Anywhere is a better place to be than Minnesota.
lol. The problem with MN is that it basically is Canada.
No, its a better place to be than Minneapolis.
Minnesota is a beautiful state and most of the state and other cities in Minnesota do not want to be like Minneapolis and many of its cities were actually letting their local police work together with ICE so situations like the shooting of Renee Good don’t happen.
But I know that does not fit the narrative here so whatever man
Have you seen the United States?
It is a country full of amazing wealth and innovation in some areas. But has an inordinate amount of inequality, poverty and crime for a supposedly ‘developed’ country.
The US can’t even provide basic health care for its citizens.
(I love the US. But it’s faults cannot be ignored.)
yes, i’ve been to Canada many times. you’re wrong.
Have you not been to a Tim Horton’s?
Group bully led by USA is nice to bully around the world.
Its not nice when the leader bully its members.
A great speech. One of the best I have ever watched. Canadians should be proud to have Carney leading them.
At the same time, it is depressing to realize that the world is in this state and that our country is leading the charge to destabilize it.
Thanks for embedding the video Mish.
One Tin Soldier
Very ironic Mish. That song actually came to my mind recently as it mimics the exact inclinations of the Trump presidency. Many countries from my belief are willing to work with the Americans but the Americans seem to want to take everything by force. I would hope that Americans is the wrong word and should be replace by Trump but none the less, this is the route America is taking at present.
In any event, I would agree that it was an excellent speech by Carney. And again I come from Saskatchewan where I cant even remember the last time a Liberal got voted in the Sask Legislature. Ive never voted Liberal in my life but I have to say that Carney has so far appeared to distinguish the Canadian leadership from the Trudeau regime. Understandably there is a lot of mistrust of the Liberals in the west. And like I said this is the first time that I can ever remember a Saskatchewan premier praising a Liberal prime minister. Maybe there is hope.
Still have some misgivings and I dont believe Canada should be giving even a penny to the US proxy war on Russia.
OMG, One Tin Soldier was/is one of the most powerful songs of those decades.
Beats 20 yrs of recent “music”.
Agreed. I think I was like about ten years old when the song came out some 50ish years ago.
The “proxy war on Russia” that Russia started by invading another country? The one Trump would like to mimic with Canada and Greenland and wherever else? That one?
Yup, that war, with the US involved in a coup overthrowing the Russian leaning govt in 2014 and then progressing to install a US puppet government leading to a civil war and killing civilians who opposed it.
I know you see it differently.
Huge gap in logic there. If it was the US and not Ukrainian nation who overthrew a Russian asset as president, how come they are enduring cold and darkness for four years already to kick Russia out??? Think, please.
‘A coup’ that’s not what happened in the real world. The only one calling it a coup in the entire world was Russia, who lost their puppet state. Hmmm, I wonder who would be upset about that to this day as their war of conquest flounders. Hello Ivan!
Notwithstanding the last two presidents and their actions the standard was set by Washington in his farewell address “to avoid foreign entanglements at all costs…” Jefferson also said “peace, commerce and entanglement alliances with none.” These words were in his inauguration address as he built upon Washington’s words. Whether its the NATO, Paris Climate pact, Ukraine, Venezuela Cuba etc. I did not vote for American imperialism or open borders. Carney is a globalist to the core and continue Trudeau’s policies to the detriment of Canada.
How is this working out for us Joe? Please tell me where I can find the golden age of American isolationism. Is it buried with the 200 year old corpse of Jefferson?
Can you name a war that America fought that meets St Augustine just war principles? It used to be part of the core curriculum at West Point America does not need to get entangled in foreign wars or for that matter American imperialism. Whether it’s the Civil War, Vietnam, WW! and 2, Korea Iraq Ukraine it never ends well. It only leads to bloodshed. Invading Venezuela Iran Greenland etc. ultimately weakens our country with a combination of death or debt. The answer to my question is maybe the war of 1812 when invaded by the English and even that was tenuous.
Lastly, how did NAFTA work out for the American worker or outsourcing manufacturing to China? Who benefited? I think I’ll take free trade without invading other countries and war pacts such as NATO.
Oh yeah, the civil war ended terribly! I bet you miss your slaves too. And as for the world wars, how do you think we got so successful to begin with? Prior to those we were a fucking backwater known only for being cruel to blacks. Our trade relationships and knack for protecting Europe cemented us as the center of the world, not being a nation of old cowards like France.
Trying to what about to trade deals like NAFTA won’t save you either, because it’s on America to be competitive globally. We just don’t want to be. Want to keep manufacturing here? Pay your employees enough to have a house and car without 20 hours of overtime a week. Thing is, you’re not getting that without losing the world reserve currency – so good luck.
And as for West Point, you haven’t been there. That does not come up in any of the curriculum I’ve ever read from it, so feel free to show me where your ass pull really comes from.
You just don’t understand history and/or wish that the south had won. That’s all.
Are the only two choices “isolationism” and imperialism? What about non-interventionism? We can trade with countries without taking them over (in fact or in practice) and without continuing to try to run the entire planet. You can say I’m a dreamer, but I’m not the only one. There’s gotta be 2-3 others.
Do you see America running Ukraine?
DIDN’T the founding farmers immediately move to become imperial themselves by warring for new spain and massacring all the indians……….FFS washington himself nicknamed NYS as the empire state. he knew the money was needed to be our own empire. men in 1800s all called us an empire. just modern men too stupid to not know this.
You are absolutely correct. He did call NY State the empire state but it was primarily because of it’s geographic location, ports waterways as well as natural resources. It was also the first capital of the United States.
It was a good speech. I especially liked the part where he said the non-superpower countries have been about “the performance of sovereignty while accepting subordination”. Ain’t that the truth! The thing I disagree with is the implication that Trump has brought about a qualitative difference in relations between the “hegemon” and its vassals. The US has had de facto control of Greenland for decades and Denmark has recently obsequiously offered America the run of the house. It’s kind of cute how demanding de jure control (which I oppose) is what’s thrown the Europeons into a tizzy. We arm-twist them into participating in whatever our latest foreign policy debacle is and they go along. We have bases in all of their countries. We even forced Switzerland (a non EU, non NATO country) to hand over their banking records. We say “jump”; they say “how high?” If Canada and other countries cease to be mere vassals and develop more multilateral relationships, I say God bless them. It’s about time.