“The former director of the Canadian Security Intelligence Service(CSIS) has calling on the Liberal government to scrutinize the recent takeover of a Nunavut[Canadian] goldmine by a Chinese state-owned company.”
TMAC is among an increasing number of Canadian companies being bought up by state-owned Chinese corporations. In March 2020, the Trudeau government permitted Continental Gold to be purchased by China’s state-controlled Zijin Mining for $1.3 billion dollars.
Richard Fadden, head of CSIS from 2009-2013, told the Globe and Mail that the federal government should “keep Canada’s national security interests in mind when examining the purchase.”
“I think gold is pretty important for the world economy. China has enough of a grip on the world economy as it is, given its capital assets, so I would include gold.”
Justin Trudeau doesn’t agree. Away from public knowledge, our prime minister approved a sell-off of all Canadian gold reserves. Nearly all was purchased by China. Establishment media has barely blinked an eye.
According to Fadden, “the intelligence community has been increasingly worried regarding China’s investments in Canadian companies which skirt regulation.”
Yes—important to CSIS, but irrelevant to the prime minister of Canada.
In 2019, Cultural Action Party uncovered a curious situation involving the sell-off of Canada’s gold reserves. Unpublished information spoke of the funding of new pan-African currency launched by the government of Libya.
Our Liberal government have maintained a close-bond with the Libyan government, as facilitated through SNC-Lavalin contracts with Libyan authorities.
Pierre Gratton, president of the Mining Association of Canada, said the TMAC takeover has raised eyebrows because Shandong Gold Group is a Chinese state-owned enterprise.
“China as a very large powerful authoritarian state acquiring assets in the Canadian Arctic, that concern is legitimate,” said Michael Byers, Canada Research Chair in Global Politics at UBC.
Clearly, the industry is worried. Justin Trudeau is not worried at all. What a shock it is that legacy media let the situation slide by without a word of condemnation.
Trudeau’s decision to dump all Canadian gold holdings came just months after his election as PM in 2015:
As reported by CBC News, “the government of Canada has wound down its gold reserves to basically nothing after a multi-year strategy of selling them off in favour of hoarding other countries’ currencies instead.”
Why did he do this– especially so early in his tenure? It’s not as though the move could have been a spontaneous decision. There had to be serious preparation in advance for this to occur– yet the gold was gone four months into Trudeau’s tenure.
It is possible that the approval was made as a favour to the Chinese government? Could Mr. Trudeau’s altruism be pay-back for China’s assistance in a successful run for prime minister?
According to The Ecologist,“Qaddafi’s
In other words, to establish a African currency based on the currency of Libya. SNC-Lavalin
According to the Financial Post, court documents allege SNC-Lavalin offered bribes worth $47.7 million to public officials of the Great Socialist People’s Libyan Arab Jamahiriya — as Gaddafi called the nation he ruled until his murder in 2011.
In February 2016–just weeks before Trudeau dumped the gold– the United States held 8,133 tonnes of gold, comprising 72 per cent of its reserves. Germany had 3,381 tonnes accounting for 66 per cent of its reserves, while Italy and France each held more than 2,400 tonnes — 60 per cent of their respective reserves.
Did Justin Trudeau sell off all Canadian gold reserves for the purpose of helping to launch in a Islamic-based, French-African currency?
Regardless of intent,“there’s gold in them there hills”— and Justin Trudeau made sure it belongs to China rather than Canada.