Is Canada Being Prepared for Bankruptcy and Liquidation?

We co-authored It Starts With Gold, which explores how Canada’s growing debt, weakening currency, and push toward digital money all point to a deeper problem. The following article breaks down these warning signs, showing how they fit together and why Canadians need to act now to protect their wealth before it is too late.  

Probate is a legal process that happens when someone dies. The estate’s assets are catalogued, debts are settled, and whatever is left gets passed on to the heirs. When this process is applied to a nation, the consequences are serious.

Canada’s natural resources, infrastructure, and financial system are being quietly set up for sale, privatization, or foreign takeover. Whether Canadians realize it or not, they are living through the early stages of a national liquidation.

In October 2023, the Fraser Institute reported that Canada’s federal debt had surpassed 1.2 trillion dollars. Rising interest rates are set to push annual debt servicing costs past 60 billion dollars, more than the annual federal healthcare transfer to the provinces.

This level of debt leaves the government with few options. It can sell off valuable public assets, drastically raise taxes, or allow creditors to dictate policy directly. This is exactly what happens in probate. Creditors are paid first, and beneficiaries are left hoping there is something left.

According to CBC News, the Canada Infrastructure Bank is actively inviting private investors to fund public infrastructure projects. On the surface, this might look like public-private partnerships and modernization, but the reality is much different.

What it really means is public assets like roads, bridges, and water systems are being put on the auction block. These essential public goods could soon belong to private corporations or foreign investment funds. This is the same approach taken when estates in probate need to raise cash quickly to pay off creditors.

The Globe and Mail reported in January 2024 that Chinese state-owned enterprises still hold significant stakes in key Canadian mining companies. This is not just passive investment. It gives foreign governments long-term control over Canada’s most valuable natural resources.

This is the resource equivalent of selling the family farm to pay the estate’s debts. Canadians are watching their own wealth being handed over to foreign creditors in plain sight.

In November 2023, the Financial Post warned that the loonie’s decline could only just begin. Weak productivity, slowing growth, and declining global demand for Canadian exports are all contributing to a falling dollar.

A lower dollar makes it even easier for foreign investors to buy Canadian assets at fire sale prices. For Canadians, this means their personal savings are losing purchasing power at the exact moment national assets are being sold.

The Bank of Canada’s November 2023 publication on central bank digital currencies presents this new form of money as a simple payment innovation. The document also admits that CBDCs can be programmable, meaning governments can control how and when citizens spend their money.

In the context of a national liquidation, this makes perfect sense. If the state becomes the executor of a bankrupt estate, it will want full control over the remaining money to ensure it is used in ways that prioritize creditors.

In January 2024, the International Monetary Fund warned that Canada’s household debt and overheated housing market pose a systemic risk to the global economy. When global institutions issue these types of warnings, they are not just expressing concern. They are signalling that foreign creditors are paying close attention.

History shows that once a nation’s internal debts become a threat to external creditors, international institutions step in and impose policy changes designed to protect creditor interests. In a personal estate, this would be the point where the bank seizes the house to settle outstanding debts.

This pattern has occurred before and is happening again in Canada. It involves the methodical liquidation of a heavily indebted nation disguised as modernization and sustainability.

Governments use language to make it sound like economic transformation. In reality, it is a process of paying off creditors by selling public assets, reducing economic independence, and imposing financial controls on citizens.

The consequences for Canadians could be devastating. Essential public infrastructure could end up in foreign hands, control over natural resources could shift to foreign state-owned enterprises, the Canadian dollar could lose its role as a reliable store of value, and financial transactions could be tightly controlled through a programmable digital currency.

The risk is clear for those who still trust in government promises. When the estate is fully liquidated, the beneficiaries often have nothing.

It Starts With Gold bridges the gap between tangible and digital value. It contrasts the incorruptible nature of physical gold with the vulnerabilities of digital assets that can be altered, controlled, or shut down.  The book invites readers to look beyond the noise of innovation and speculation and return to first principles, the enduring qualities that truly protect wealth and freedom.  

The challenge now is not just technical. It is educational. The only way to protect freedom is to understand how it is being taken away.

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