Surprising ruptures have shaken the Canadian political landscape this week as Trudeau’s Deputy Prime Minister Chrystia Freeland announced that she would add “Finance Minister” to her portfolio the day after scandal-ridden Bill Morneau stepped down from the position on the evening of August 16th. As Freeland gave her remarks to the press, Prime Minister Justin Trudeau also announced that Ottawa’s parliament would be requesting that the Queen’s Governor General prorogue parliament until the end of September whereby a new Throne speech would announce a new green “economic restart” for the Canadian economy.
(In the peculiar form of British Parliamentary governments, parliaments can be shut down unilaterally by an order signed by the Monarch’s Governor General at any time a Prime Minister should request it).
The logic behind prorogation is that the government’s annual economic program announced last December did not take into account the emergence of COVID-19 and this reality demands we prepare for the “post-COVID world order”. Pesky democratic institutions like Parliament might only get in the way of the types of broad reforms needed for these changes.
The next several weeks will be decisive in planning out this transformation. and as he unveiled the news of prorogation, Trudeau stated: “we need to reset the approach of this government for a recovery to build back better. And those are big, important decisions and we need to present them to parliament and gain the confidence of Parliament to move forward on this ambitious plan.”
While commentators and opposition parties were abuzz with speculation about the Liberal government’s corruption (all committee hearings investigating the We Charity scandal have been shut down until September 24th), the reality is not so superficial and has much more to do with the oncoming economic collapse and the false solutions being prepared to “solve” it.
The Strategic Reality of the Collapsing Trans Atlantic System
The uncomfortable fact which too many commentators tend to run away from out of fear, ignorance or intellectual dishonesty, is that the world financial system is sitting on the verge of a global financial meltdown of a $1.2 quadrillion derivatives time bomb which former Bank of England Governor Mervyn King stated in September 2019 is on the verge of “financial Armageddon”.