Max Genest - Why Carney Went to China

00:00:00.000 So Mark Carney just went to China to strike a deal, and everybody's arguing about the wrong

00:00:04.960 thing. It's not about diplomacy, it is not about trade, and it's definitely not about what's best

00:00:09.860 for Canada. This is all about Mark Carney enriching himself. This guy does not care about

00:00:16.600 the sovereignty of Canada. He cares about the sovereignty of his wallet, and that is exactly

00:00:22.340 why this deal happened. And to understand that, you must understand Brookfield. Before becoming

00:00:30.580 Prime Minister, Mark Carney was Vice Chair and Head of Transition Investing at Brookfield Asset

00:00:38.540 Management. One of the biggest asset managers on planet Earth with over a trillion dollars

00:00:45.340 under management. People need to understand how serious this is. They need to understand

00:00:51.680 the gravity of this situation. Brookfield is in the same business as BlackRock. Mark Carney

00:00:58.460 sitting in the Prime Minister's office is basically the equivalent of Larry Fink sitting in the White

00:01:03.020 House. Let that sink in for a second. Think about that. That's insane. Now, here's where China comes

00:01:10.360 into play. Brookfield has massive exposure to the EV space. They own Clarios, the world's largest

00:01:16.900 automotive battery manufacturer. Clarios operates in China and has explored partnerships with

00:01:23.920 Chinese firms like CALB on lithium-ion batteries. Now, these batteries end up in a ton of vehicles,

00:01:30.300 including and especially EVs. And in November 2024, Brookfield secured a $276 million loan

00:01:37.840 from the state-owned Bank of China. Oh yeah, and just before Mark Carney launched his leadership

00:01:44.020 bid, Brookfield executives were meeting with Chinese officials about EV-related deals.

00:01:50.280 This is no coincidence. And in fact, this is textbook conflict of interest. This is the pure

00:01:57.480 definition. This China deal increases demand for EVs. More EVs mean more batteries. More batteries

00:02:04.100 mean more profit for Brookfield, which means Mark Harney's net worth just got a whole lot bigger.

00:02:10.560 Now, you might be asking, aren't there any conflict of interest rules?

00:02:14.580 Yeah, of course, there are a lot.

00:02:16.860 But these rules were written for prime ministers who owned maybe a few stocks,

00:02:22.940 some rental properties, and some sort of retirement saving.

00:02:28.220 They were not written, designed, and built for someone who managed the world's largest asset manager

00:02:34.820 and personally holds an ungodly amount of money in financial interest, both foreign and domestic.

00:02:41.780 This situation is completely unprecedented.

00:02:44.880 And Mark Carney has, in fact, violated the Conflict of Interest Act several times.

00:02:49.840 But is there anyone willing or able to enforce it?

00:02:52.560 No.

00:02:53.140 Why?

00:02:53.820 There is no law without enforcement.

00:02:56.720 He controls the enforcement.

00:02:58.520 And then you might be asking, what about the blind trust?

00:03:01.560 He has one, but it doesn't mean anything.

00:03:04.040 A blind trust is never truly blind. You always know what you own. You always know the sectors

00:03:09.920 you are tied to. Calling it blind does not erase that. So what could he do? Well, he could sell

00:03:16.040 the assets. He could walk away from Brookfield completely. He could eliminate the conflict

00:03:21.420 like that, but he did not. He kept them. Why? Because keeping them would destroy

00:03:26.500 his entire incentive and motivation for even becoming prime minister in the first place.

00:03:32.860 think about what that actually means the only reason why this guy is in political office is

00:03:37.980 because he wants to control regulations taxes subsidies and bureaucracy he wants to use the

00:03:44.020 power of the federal government to make himself richer and i do not say this lightly this is the

00:03:49.200 most corrupted immoral and openly self-interested prime minister this country has ever had it's not

00:03:55.080 even close this man is actively hollowing out canada's economy and culture to personally

00:04:00.560 benefit financially. And it gets way worse. Brookfield is now pitching a $50 billion

00:04:05.700 maple fund for Canadian infrastructure, housing, and renewables. They want $36 billion from major

00:04:12.280 pension funds, CPP Investment Board, Ontario Teachers, Casta Depot, and another $10 billion

00:04:18.620 directly from the federal government. That fund would likely tie into EV infrastructure,

00:04:25.360 Things like grid updates and charging networks, which means public pensions, retirees' money, could be funneled into China-linked projects through Brookfield.

00:04:36.880 And this rabbit hole goes way deeper.

00:04:39.680 Take Tim Hodgson, former Goldman Sachs Canada CEO, advised Carney at the Bank of Canada, sat on major pension boards like PSP and Ontario Teachers.

00:04:49.000 He leaves those roles, gets recruited into politics by Carney, and suddenly he's the energy minister.

00:04:56.880 And where is Hutchinson's riding?

00:04:59.260 Well, it's right in a CCP election interference hotspot, according to CSIS, according to Aaron O'Toole.

00:05:06.600 Remember Michael Ma, the floor crosser?

00:05:09.780 Han Dong, the CCP-linked international student operation?

00:05:14.540 And the man who delayed the two Michaels?

00:05:17.040 What about Paul Chang?

00:05:19.000 the bounty comment against Joe Tay, Bob Saraoya, the paid CCP trip.

00:05:26.840 This is all the same general area, and this is the pattern.

00:05:32.000 And then there's Mark Wiseman.

00:05:33.600 Who is that?

00:05:34.480 The former CEO of the Canada Pension Plan Investment Board,

00:05:38.120 former BlackRock executive, a major figure behind pushing CPP money into China,

00:05:44.140 including investments in Alibaba and the Postal Savings Bank of China.

00:05:48.000 He's also a longtime close ally of Mark Carney. And what does Mark Carney do? He appoints Wiseman

00:05:55.660 as Canada's ambassador to the United States in December 2025, right before the China EV deal

00:06:03.380 drops in January 2026. Wiseman is not negotiating the China deal directly. Carney is doing that

00:06:11.240 himself. But Wiseman is now perfectly positioned to manage the US fallout because this deal

00:06:17.120 directly undermines U.S. policy and risk blowing up CUSMA talks, especially with the renewal coming

00:06:24.000 up this year, especially with Trump backing the picture. And lo and behold, it's almost like the

00:06:28.480 Wiseman effect is working. We got Trump surprisingly giving the EV deal a thumbs up. Meanwhile, his

00:06:35.400 officials are openly fretting about the risk. And what makes it even more interesting, we got Doug

00:06:40.960 Ford, we got the Michelin Man, we got the Pillsbury Doughboy saying this is a lopsided deal. It is a

00:06:47.980 complete mess. So Carney's entire inner circle is pushing Brookfield-style financial deals from

00:06:54.320 inside the government. Carney, Hodgson, and Wiseman's history of prioritizing global returns

00:07:00.800 over Canadian jobs mirrors exactly what we are seeing now. Brookfield wins, battery investment

00:07:07.800 wins elite financial network wins canadian auto workers lose canadian sovereignty loses and

00:07:15.560 canadian retirees may end up funding foreign subsidized competition against their own country

00:07:22.280 this whole thing is absolutely terrifying and they're doing this

00:07:26.200 because the vast majority of people are clueless more people need to be aware

Max Genest - January 20, 2026

Why Carney Went to China

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