Who is Behind the Liquidation of Canada?
By Peter J. Merrick, TEP® and Adrian C. Spitters, CFP®, co-authors of the international bestseller It Starts With Gold™ and the forthcoming book Guns, Gold & Land™
This analysis continues a series of long-form investigations published in The Merrick Spitters Reset Report™
Mark Carney’s Role and the Dangers if He Becomes Prime Minister
Many Canadians have sensed that something is fundamentally wrong with the country’s financial direction. The cost of living is rising faster than wages, homes are now treated like financial assets instead of places to live, and many of Canada’s most valuable resources and industries are either being shut down, restricted, or quietly sold off to foreign interests.
What few realize is that this is not accidental. It is the direct result of decisions made by policymakers, economists, and global institutions who have steered Canada away from building a strong, self-sufficient economy and toward a highly indebted, asset-inflated, globally controlled economic model.
At the centre of this shift stands Mark Carney
It Starts With Gold was released on March 17th, 2025, the fifth anniversary of the worldwide lockdowns. This is no coincidence. The events triggered by the lockdowns accelerated trends that were already eroding Canadians’ financial security. From historic government debt levels to the weakening of personal property rights and the rising influence of global institutions, the economic fallout of those lockdowns exposed just how vulnerable the average Canadian’s wealth really is.
It Starts With Gold is not just about precious metals. It explains why gold is the foundation for protecting wealth from the types of systemic risks Canadians face today. The book outlines why gold is essential in a world where governments weaponize debt, inflate asset bubbles, and follow global agendas that undermine economic sovereignty. The themes discussed in this article are explored in depth in the book, giving Canadians a roadmap for reclaiming control over their wealth in a time of increasing uncertainty.
The Process of National Liquidation
When a business is liquidated, its assets are sold to pay creditors. The process is more subtle when a country undergoes liquidation, but the result is the same: Wealth flows out, debt piles up, and control shifts to external powers.
This is exactly what is happening to Canada.
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- National assets, including farmland, energy reserves, and infrastructure, are increasingly controlled by foreign investors.
- Sovereignty over economic policy is being surrendered to global institutions like the United Nations, International Monetary Fund, and World Economic Forum.
- Productive industries are being replaced by speculation, with housing and financial services dominating the economy.
- Future generations are being left with debt, declining productivity, and fewer opportunities to create real wealth.
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Mark Carney’s Career of Influence
Mark Carney is not an outsider pushing these policies from a distance. He has held some of the most powerful economic positions in Canada and abroad, and each step in his career has advanced the very policies that are dismantling Canada’s economic independence.
Bank of Canada (2008-2013)
As Governor of the Bank of Canada, Carney slashed interest rates to record lows during the global financial crisis. While low rates provided short-term relief, they also fuelled the largest real estate bubble in Canadian history.
Cheap credit made homes unaffordable for the next generation, while real estate speculation became a substitute for productive investment. Instead of strengthening Canada’s manufacturing, agriculture, and energy sectors, the country became addicted to debt-fuelled asset inflation.
Bank of England (2013-2020)
After leaving Canada, Carney became Governor of the Bank of England. There, he promoted climate finance rules that penalized investment in oil and gas while encouraging speculative flows into green financial products.
This policy directly undermined Canada’s natural resource industries, preventing them from receiving investment when it was most needed.
United Nations Climate Envoy (2020-present)
As the UN’s Special Envoy for Climate Action and Finance, Carney pushed ESG frameworks that dictate how capital can be deployed. These frameworks reward carbon credit speculation while starving productive industries like energy, agriculture, and mining of investment.
This accelerated the financial strangulation of Canada’s resource industries, making the country dependent on imported energy and food.
World Economic Forum Contributor
Carney is a senior figure at the World Economic Forum and a promoter of The Great Reset. This agenda shifts economic control away from elected governments toward global corporations and unaccountable transnational bodies.
Carney promotes a system of stakeholder capitalism that forces companies to follow global social and environmental rules instead of focusing on serving customers and shareholders.
Advisor to the Trudeau Government
Carney returned to Canada as a key advisor to the current federal government. His influence helped shape climate policies, banking rules, tax increases, and the net-zero transition.
The result has been higher taxes, rising debt, reduced domestic energy production, and increased reliance on foreign capital and imports.
The Real Danger if Carney Becomes Prime Minister
Mark Carney is actively seeking the leadership of the Liberal Party of Canada, which would put him on a direct path to becoming Prime Minister. If that happens, global agendas will no longer influence Canadian policy; they will directly control it.
Carney’s track record points to:
- Higher taxes to fund climate and social spending dictated by global priorities, not domestic needs
- More debt to finance speculative green projects while productive industries face regulation, higher costs, and capital flight
- Greater reliance on foreign capital, with Canadian assets increasingly sold to offshore investors
- Full alignment with WEF, UN, and IMF rules, leaving little room for independent policy decisions
- Faster decline of Canadian resource industries under aggressive climate targets
This completes Canada’s liquidation, where wealth flows out, debt grows, and Canadians are left with declining real incomes and fewer opportunities.
What Canadians Lose
- Homeownership becomes a luxury investment product, not a middle-class pathway.
- The dollar weakens as debt and deficits explode.
- Small businesses struggle as global ESG rules dictate where capital flows.
- Energy and food prices rise as domestic production falls under global environmental mandates.
- Economic policy is no longer made by Canadians for Canadians; it is dictated by transnational institutions with no accountability to Canadian families.
It Starts With Gold
These themes are explored in full throughout the book. The financial collapse is no longer a prediction. It is a current event. A silent storm. A shifting foundation under our feet.
Those who fail to prepare will soon learn that even their savings do not belong to them.
This book was not created for profit. It was created to break the silence. To bypass censorship. To empower those who still value truth over convenience.
It outlines not only what is happening but also what can still be done. Before ownership vanishes. Before compliance replaces freedom.
Get Your Copy of It Starts With Gold
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It Starts With Gold…
It Starts With You!
It Starts With Gold™ has been published under fair use, a doctrine that allows the use of content for educational, commentary, and transformative purposes without infringing on the original creators. Adrian and Peter ask you to read it, share it, and review it. We need you to get up to speed so that you can educate others.
