My latest: peculiar, perplexing Pierre

Pierre Poilievre hates Canada’s central bank.

And who doesn’t hate the banks, right? But hating this particular bank while running for prime minister? That’s a big problem.

Because a central bank isn’t just any bank. The importance of it is found on the currency in your wallet or purse: The signatures on those bank notes belong to the governor and senior deputy director of the Bank of Canada. Not politicians.

Some days, we wonder if Pierre Poilievre wants “Pierre Poilievre” inscribed there. Because he sure thinks he’s smarter than Canada’s central bankers.

That’s a big problem, as noted, because the Bank of Canada controls our currency and our money supply — essentially, how much dough is in circulation at any given time. Their main job is stabilizing prices of things.

Central banks also determine interest rates, which is basically setting the cost of money. So, as you can see, the central bankers — who aren’t elected, but are selected by elected representatives — have a very big impact on your life and mine.

Poilievre says the Bank of Canada is “an ATM machine” for the government, which is a lot of crap. He says it’s “more and more political,” which also isn’t true. He supports a private member’s bill that would “audit” the Bank of Canada, which isn’t needed — because it already has auditors on its board.

Now Poilievre isn’t the first politician who wanted to control a central bank. Demagogues do it all the time. Donald Trump attacked America’s central bank regularly, likening it to a dictatorship, a form of government he usually approved of. Globally, Russian allies like Turkey’s Recep Tayyip Erdogan to India’s Narendra Modi have gone after central banks, as well.

It’s like Church and State: Central bankers shouldn’t involve themselves with politics, and politicians shouldn’t boss around central bankers. Because, among other things, politicians shouldn’t be deciding prices. Can you imagine?

But Pierre Poilievre is deeply arrogant, as seen in his repeated claim to be “running for prime minister” – meaning, he sees the Conservative leadership race as a mere trifling. He’s leader already, in effect, and is going straight for 24 Sussex Drive.

But Poilievre’s arrogant belief that he knows better than the Bank of Canada is dangerous. Evidence of that is found in the company he keeps.

This week, Mitchell Thompson at Press Progress published a lengthy investigation into Poilievre’s cozy association with a Bitcoin trader who also trades in COVID-19 conspiracy theories — and who has actually compared central banks to Nazism and slavery.

Last month, Poilievre was the star of Robert Breedlove’s podcast, What Is Money? Poilievre gushed that he often listens to Breedlove “late into the night.”

Poilievre: “I find (Breedlove) extremely informative and my wife and I have been known to watch YouTube and your channel late into the night once we’ve got the kids to bed. And I’ve always enjoyed it and I’ve learned a lot about Bitcoin and other monetary issues from listening to you.”

The rest of us usually go get a stiff drink after wrestling the kids to bed. At Poilievre’s house, they listen to a nutbar conspiracy theorist. Here’s a sampling of what they hear.

• COVID-19 isn’t really real. Instead, “COVID is a government diversion strategy.”
• COVID is “mass formation psychosis.”
• “Hitler would not be a household name if (government-issued) currency never existed … he used fiat currency to fund the blitzkrieg.”
• The World Economic Forum is comparable to “the former Nazi death camp Auschwitz.”
• “Central banking is an institution of slavery. Burn. It The. F***. Down.”

Were the Poilievres concerned with what they heard, post-bedtime? Nope. The Conservative leadership frontrunner told Breedlove he thinks his show — replete with Nazi and slavery analogies — is “extremely informative.”

It is “extremely informative,” although not in the way that Pierre Poilievre wants.

It is extremely nuts.


My latest: Putin’s end

Vladimir Putin is going to be 70 years old this year.

He may be the richest man in the world. He may have super-yachts, and Swiss bank accounts containing ill-gotten billions. He may have been victorious in armed conflicts in Crimea, Syria, Belarus, Africa and Kazakhstan.

But he can’t stop the march of time, can he? He can’t outrun death.

Any of us who have hit the milestone birthdays — for punk-rocking me it was 20, seriously — know what all those birthday parties signify. They start to add up. They mean you’re getting a lot closer to the end than the start.

And, predictably, the Russian dictator has frantically attempted to forestall the end. There’s been those vaguely homoerotic airbrushed photos of him shirtless, on horseback. There’s been the staged judo competitions. There’s been the nipping and tucking, evidenced by the fact that his head closely resembles a balloon — a balloon found at one of those aforementioned birthday parties.

Oh, and steroidal Putin’s puffiness and reddish hue, as observed by French President Emmanuel Macron’s staffers, following Macron’s meeting with Putin last month — facing off at opposing ends of a 20-foot-long table in Moscow. Putin didn’t look or sound right, they said. Paranoid, they said.

Because Putin grows old, grows old, per T.S. Eliot. And that, more than anything, is what will ultimately defeat him. Just as you can’t take it with you, you also can’t invade any more countries when you’re dead. Can you?

Because he knows the end may be nigh, Putin is in search of a legacy. All leaders do that. Justin Trudeau, for example, actually formed a coalition government with the NDP last week to give himself enough time to craft a legacy. (Because his only legacy, so far, is serial scandal and serial blackface.)

The New York Times’ Roger Cohen published a magnum opus about Putin’s own legacy hunt on the weekend. Cohen’s piece is as long as a book, but it’s meticulously-researched and well worth reading. It’ll tell you more about Vladimir Putin, and Vladimir Putin’s plans, than anything else out there to date.

Here’s a sampling of what Cohen reported:

  • He’s changed. Former U.S. Secretary of State Condoleezza Rice: “I’ve never seen Putin go from a little shy, to pretty shy, to arrogant, and now megalomaniacal.”
  • He’s angry. Sylvie Bermann, a diplomat who knew Putin before and after the Soviet Union broke up: “Something happened. He spoke with a new rage and fury.”
  • He sees us as weak and decadent. Michel Duclos, head of a French think-tank: “He became convinced that the West was in decline after the 2008 financial crisis. (His) way forward was confrontation.”
  • He thinks he’s winning. Former French president Francois Hollande: “Putin tells himself: ‘I am advancing everywhere. Where am I in retreat? Nowhere!’”

And that last observation may be so, for now. While returning Ukraine to Mother Russia has taken more time than anyone thought, Putin has not yet abandoned his obscene, genocidal war. He hasn’t won, but he hasn’t lost, either.

But he has dramatically miscalculated. All the things he most wanted to avoid — a unification of NATO, a stronger European Union, a militarized Germany, a teetering Russian economy, and a defiant Ukrainian people — have now happened.

Over the weekend, U.S. President Joe Biden declared that Vladimir Putin “cannot remain in power.” His aides later denied that Biden is seeking regime change in Russia, but the president’s meaning could not have been more clear: He wants Putin gone. Dead or alive. But gone.

He will be. If not via an assassin’s bullet, or a Kremlin coup, or a popular uprising, Putin will be gone.

The Grim Reaper is heading his way, and the Grim Reaper can be delayed.

But never denied.


Burn Hollywood burn


John Tory: four more years

As one of his guys, I’d known for a short while this was coming, but I’m still happy to see it this morning.

He’s done a very good job. During the pandemic, it’s been hard to think of one politician who hasn’t gotten things dramatically wrong – getting public health measures wrong, wrongly predicting the end of the virus, wrongly judging the pandemic’s future course. John is one of the few exceptions.

He’s gotten vaccination clinics up and running in record time. He’s gotten a record number of people vaccinated. He’s kept people safe during a decidedly unsafe time.

I don’t know who will oppose him. But, I’ve told him that, during the coming campaign, I will again be helping out, just as I did the first time he ran for the job, almost twenty years ago.