Trudeau 2.0, Carney vs Poilievre, RECO Going Higher

Here Comes Trudeau 2.0

As I commented before, Trudeau's prologue of parliament was just to buy time to come up with his next scam, which I expect as follows.

The Liberal leadership race is just a scam and show, I have no doubt Mark Carney will be slated in, become the Liberal leader and next Prime Minister although we was never elected by the people to parliament. He is cut from the same cloth as the Trudeau mob.

He has been Trudeau's economic advisor the last 4 years that included advising Trudeau on the Covid-19 response and is Godfather of Crystia Freeland's son. Like the whole bunch, Carney is a far left socialist. Carney is the highest ranked member of the World Economic Forum (WEF) and Chrstia Freeland is a Trustee. The Trudeau government is seen as a favourite of WEF leader Klaus Schwab, who boasted at a Harvard interview in 2017 that he has “penetrated” many of Trudeau’s cabinet ministers. NDP leader Jagmeet Singh is also a member of WEF.

Canadians are mostly unaware of how Trudeau, Freeland, and others in the Liberal cabinet are purposely advancing the WEF agenda in Canada and will continue to do so under Carney. These are far left socialist policies with many designed to control citizens with digital currency, digital IDs and censorship to name some.

Mark Carney is basically Trudeau 2.0. Once Prime Minister, next a new deal will be made with NDP leader Jagmeet Singh to support the liberal party. Just as I warned about. It looks like they are going to use the Trump tariffs to hype up an emergency that has to be dealt with and come up with a pandemic type response plan. Singh will say he has to support this because the people need the help. He is already hinting at this in an interview yesterday. They will also blame all Canada's problems on Trump and that it is imperative to fight Trump's initiatives such as tariffs. Doug Ford, the Ontario provincial premier is already playing this card by calling an election to fight Trump tariffs. The Feds will do the same type thing.

I just recently heard Carney in an interview say the exact same lie as Trudeau - that Canada has the best economy of the G7. What are they smoking or maybe they mean the best socialist economy? No doubt Trudeau 2.0.

This means there will be no successful non confidence vote and Trudeau 2.0 and Singh will remain in power leading Canada further down the hole. A Covid-19 like response plan will mean more money printing and even higher inflation than would have been on just tariffs. Things are going to get uglier, they will blame it on Trump and convince the people with propaganda and censorship, there plan is needed.

Come October, there are legal ways in the Constitution to delay the election another year. Perhaps an economic emergency or something like that. I am not saying they will do this until we get closer and see how things unfold, but I would not be surprised from these socialist criminals, so they have more time to advance their agenda further.

They don't care about the people, only their own agenda. For the next several months, Canada will be ruled by the most unpopular government in the history of the country, maybe in the history of all world countries. Like I say they don't care, only their agenda is important.

For Prime Minister Carney or Poilievre – This will surprise everyone

You will see ads and Liberals will promote all the impressive credentials Mike Carney has while they point out Pierre Poilievre was a paper boy and only experience is being a long term politician. I agree Carney has impressive credentials but real world statistics paint a very different story.

As Governor of Bank of Canada and Bank of England among other positions, Carney earned a much higher annual salary than Poilievre, in fact multiples!!!!!!!

For example as of 2021 the salary of the Governor of the Bank of Canada was $431,800. At the Bank of England Carney had an annual salary of 879,000 pounds in 2018 or about $1.5 million Canadian dollars. Carney was there for 6 years. And than there are performance bonuses added for running central banks.

I found, according To National Post in October 2023 Senior management at the Bank of Canada have received nearly $21 million in executive bonuses since 2015. I can't find what bonuses Carney got while at the Bank, but it was probably substantial.

For Poilievre, an MP in Canada now has an annual salary of $203,100 and Poilievre as opposition leader $299,000. He has only been opposition leader for 2 years and has been a MP for 20. These rates were after big increases from Trudeau last year of $8,500 on the minimum rate. There have been increases through out the years as example 2015's base was $167,400 so about $26,000 higher today. We could estimate Poilievre at $170k for 18 years plus $299,000 the last two years

MPs receive an expense allowance to cover the costs of maintaining an office, hiring staff, and other parliamentary duties. The annual allowance ranges from $55,200 to $398,700, depending on the distance between their constituency and Ottawa.

Poilievre is in Ottawa so we can be sure it is well under $75,000 over the 20 years. These expense limits were much lower 10 years ago and more.

Carney is 59 and Poilievre is 45 so Carney has been earning $ and accumulating wealth 14 years longer than Poilirvre's 20 years if we don't count his money earned as paper boy (LOL).

No matter how you slice and dice it, over the years Carney has had annual income ranging 3 to 7 times more than Poilievre and has collected annual income 14 years longer. But here is the real kicker, Poilievre is estimated to have a net worth around $25 million about double Carney's $12 - $15 million. These are the best estimates I could find from numerous sources.

Ask yourself, who is better at finances and economics? And would be better to lead a country in a dismal financial situation. Credentials or Real World Numbers?

Here are some more tidbits I found on Canadian politicians and money

Jagmeet Singh is Canada's most expensive MP, Pierre Poilievre is the cheapest

Recent numbers show Singh expensed more than $500,000 over nine months to run his constituency office; Poilievre charged $143,201. Poilievre was also one of only a handful of MPs whose constituency expenses didn’t include a single dollar for “travel” or “hospitality.”

That period would also see Singh triple Poilievre’s constituency budget for “contracts,” a category that includes miscellaneous office expenses like rent, advertising and janitorial services.

Over three months, the NDP leader racked up $45,535.99 to Poilievre’s $15,510.25. Poilievre’s entire budget for that period, in fact, was almost exactly what Singh spent merely on the $4,500/month lease for his Kingsway constituency office.

To be fair Singh will have more expenses than Poilievre because Singh's home riding is in B.C. across the country while Poilievre is in Ottawa. Regardless Singh is still spending too high.

Conclusion

Canadians need to prepare for much tougher times in the year ahead and beyond as well as more government control.

Trump's tariff threats are about stopping illegal immigration and drugs crossing the U.S., Canadian border, but other than a couple items I have not seen any progress here, the Canadian politicians seem to be focused on retaliation. An escalating trade war with the U.S. is a very bad plan, but they want to use this to advance their agendas. It is difficult to predict the path how this will escalate but it will. It would not surprise me at some point to see the government put restrictions on Canadians who want to travel to the U.S.

Trudeau 2.0 is a big proponent of carbon tax, but the liberal party will back away from this ahead of the election, maybe changing the tax to something else. Don't be fooled, this is a tax and spend government to enact socialism. End of story.

Reconnaissance Energy - - TSXV:RECO, OTC: RECAF - - Recent Price - C$1.24

Entry Price $0.56 - - - - - - Opinion - buy

Early today Reco announced the results of the Naingopo exploration well within the Damara Fold Belt. Highlights:

• Encountered over 50 metres net reservoir in the Otavi Group, derived from log analysis and indications of oil, which will be further confirmed from side wall cores.

• Indications of oil observed from the Damara Fold Belt.

• Follow-on drilling in the Damara Fold Belt is accelerated to drill Prospect I ahead of Kambundu, which is expected to spud in July 2025.

There is no indication if this well will flow oil but finding what looks like a possible reservoir is very positive. Further drilling and 3D seismic is required to advance this and prove a discovery. Below are the CEO comments

Brian Reinsborough, President and CEO of the Company stated:"We are excited about the results of this well, which opens the play and demonstrates a working petroleum system within the Damara Fold Belt. The importance of finding over 50 metres of net reservoir with indications of oil in this well is significant. The primary objective in the Otavi above the main fault was not penetrated due to seismic uncertainties, however, the Otavi was penetrated at predicted depth below the main fault, which contained evidence of oil. Further drilling is planned to delineate the full extent of the Damara Fold Belt play. Multiple indications of oil were encountered in the Naingopo well and we plan to continue to analyse all fluid and rock samples, which may take several months. Based on our technical learnings from the Naingopo well results, we have further derisked Prospect I and plan to drill this prospect ahead of Kambundu."

It looks like the stock will make a higher high today that will be very positive. Next we should see a test of $1.75 area. There was a gap down from $1.40 to $1.20 back last July, this will probably fill today and perhaps go higher.

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