Canada’s Fiscal Cliff: Deficit Spending in an Era of Currency Warfare

The average Canadian voter, especially those supporting the Liberal and NDP parties, is being misled by a dangerous and outdated economic narrative. They’re told that fiscal responsibility means “cutting programs,“ forcing a false choice between social spending and austerity. This is a lie, a smokescreen designed to obscure the fundamental shift in the global financial landscape. The old rules, where Western nations could rack up debt backed by the US dollar’s dominance, no longer apply. We are in a completely new game.

Mark Carney lack of basic financial understanding is evident in his book, Value(s).

For this reason, the lack of rigorous engineering training, professional-level mathematics, and genuinely sound accounting expertise — particularly at the professional designation standard — highlights Mark Carney’s insufficient technical grounding in advanced accounting principles and software engineering.

Such expertise is essential for effectively transitioning Canada from traditional financial management to sophisticated, engineered financial systems. Carney’s publicly stated preference in his book for Central Bank Digital Currencies (CBDCs) underscores this critical blind spot.

As other nations rapidly embrace these advanced financial technologies, Canada risks becoming dangerously isolated from the emerging economic paradigm, potentially setting Canadians on a trajectory toward becoming one of the world’s poorest developed nations due to the reliance on CBDC standard, that would eventually still have to be converted back to global open source currency standards. (but at that point too late for Canadians, due to the long delay that Mark Carney would add experimenting with trying to save his peer group Banking cartel with outdated CBDC models of 20th century centralized governance and thinking models).

This isn’t about advocating for zero government debt — responsible borrowing for productive investments can indeed be beneficial. But persistent, large deficits, in a world where capital can flee to alternatives like Bitcoin at the click of a button, are a recipe for national disaster. In such a rapidly evolving financial landscape, debt-based national currencies will find it nearly impossible to compete against vastly superior non-inflationary and non-debt-based alternatives, which operate at levels of efficiency orders of magnitude beyond traditional currencies.

The “North Korea” scenario is a real scenario possibility for Canada if Mark Carney is elected and attempts a CBDC in a non-CBDC world, while this example is extreme, it highlights the potential danger.

Faced with a currency collapse, a desperate government might impose capital controls….

…effectively locking down the economy and preventing people from moving their money out of the country or converting to other currencies, allowing their currency in CAD to depreciate while the world of digital assets outside of Canada appreciates as humanity converts the worlds wealth to the new standards.

This would be a catastrophic blow to Canada’s reputation and would cripple our long-term economic prospects.

A more likely, and still utterly unacceptable, outcome is chronic economic decline. A constantly weakening dollar, runaway inflation, and the ever-present threat of capital flight will make Canada a toxic environment for investment. This means fewer jobs, lower living standards, and a gradual slide into economic irrelevance.

The most dangerous aspect of this situation is the blind spot of traditional economists and central bankers. People like Mark Carney, steeped in the world of debt-based fiat currencies and centralized control, simply do not understand the engineering principles behind cryptocurrencies and the broader movement towards sound money.

Their training focuses on manipulating interest rates and money supply within a system built on debt. This is a completely different universe from the decentralized, algorithmically governed, and often scarcity-based world of cryptocurrencies.

The difference is philosophical, not just technical. Traditional economics, as practised by central bankers, is about managing a complex and often unpredictable system through policy interventions. Cryptocurrencies, on the other hand, are about building robust, transparent, and predictable systems based on:

In short, cryptocurrencies represent a shift from a “trust-based” system (trusting governments and banks) to a “verification-based” system (relying on cryptographic proof).

This is the mindset of an engineer or a professional accountant, not a traditional economist.

This is the mindset of a builder, of an engineer. This is the mindset of Pierre Poilievre.

That’s why Mark Carney took his worlds and SGT’s words “builder’s philosophy” on an American interview with the Daily Show. Don’t be fooled Canada, Go to the source! Not the scammer.

Title: “Conservatives announce plan for “Canada First with Shovel-Ready Zones” — pre-approved areas to build mines, data centres, pipelines, LNG plants and more.” https://x.com/PierrePoilievre/status/1902669445606076811

Title: “Build Canada FIRST starting with the Ring of Fire.” https://x.com/PierrePoilievre/status/1902321905623036152

This “engineering” perspective exposes the true vulnerability of fiat currencies. The very features that make cryptocurrencies attractive – transparency, scarcity, resilience, and programmability – are directly threatened by excessive government debt and money printing.

We are witnessing a fundamental clash between two philosophies of money:

one based on “building” and “mining” (creating value through verifiable work) Pierre Poilievre/Professionals/Workers/Soldiers…

…and the other based on “lending” and “managing” (creating money out of thin air) Mark Carney/Global Bankers.

In this new world of intense currency competition, the former is designed to win. The latter is destined to fail. The longer our political leaders ignore this reality, the more painful the consequences will be for all Canadians. The old system, and its adherents will fail.