Creating an APP. Another consideration as to why we should.
The Canada Pension Plan, more commonly referred to as the CPP, has been a sore spot for many Albertans for a very long time. With serious talk about creating our own Alberta Pension Plan and saying good bye to the federal one, the talking heads are doing their level best to create a firestorm.
It began with these folks telling us it is not ‘Alberta’ that contributes as a province to the CPP, rather it is the individual. They argue individuals will always get out what they put in. To which my response has been, perfect, then it shouldn’t matter if we go our own way. You do you, we’ll look after ourselves.
Then the conversation turned to withdrawing our portion and we were accused of wanting to ‘steal’ from the fund. This is downright offensive. Threats were also made by one Alberta Liberal MP going so far as to warn us this is a ‘one way ticket’. Oooo, shaking….
Those who are really desperate (Gil McGowan) are spewing outright lies claiming the UCP wants to ‘take what’s rightfully yours’. This coming from the guy whose high society salary, perks, and propaganda material are all made possible by union dues.
This week Crystia Freeland took another angle. She says it’ll be too much work getting assets moved over from one plan to the other. Alberta will also have to make trade agreements with other countries. Now is not the time, too many Canadians will be affected. Gil McGowan and the Calgary Chamber of Commerce reached out to her saying they are not in support. Apparently, they speak for all Albertans. Ms Freeland also confirmed there’s no stopping us.
So, it does matter. Particularly to those who sit on the left. But why? I think I found the answer.
The CPP is managed by an ‘investment board’ that is also a WEF Partner. Here is what the WEF website says:
Canada Pension Plan Investment Board is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits for 20 million contributors and beneficiaries. In order to build diversified portfolios of assets, CPP Investments invests in public equity, private equity, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, it is governed and managed independently from the Canada Pension Plan. At 31 December 2022, the CPP Fund totalled C$536 billion. CPP Investments | World Economic Forum (weforum.org)
In other words, they hold all the CPP contributions in some account somewhere. Not the federal government. The amount needed to pay current pensioners is transferred to the federal government to pay out. The rest is invested where ever the fund managers see fit while enjoying large salaries for the honor of doing so (and I do mean large). Those fund managers also live in the cities listed above. Think about that. Our pension is being managed by people who aren’t even Canadians, don’t live in Canada, and you can bet your bottom dollar their offices weren’t furnished with desks from IKEA. Salaries and all, covered by our pension money.
Let that sink in…
Okay, there’s more.
The CPP Investment Board has had to change things up because, well, Klaus Schwab et al have their own ideas about what’s important. Pretty much the whole fund is now invested in ‘sustainability-related businesses’ and, though it is anticipated to grow by $5Billion dollars in Q1 of 2024, it is also expected to have a fiscal net return of -0.8%. Negative numbers aren’t good. (Home | CPP Investments)
The WEF’s agenda doesn’t jive with most Albertans. We like driving our gas- and diesel-powered vehicles, heating our homes, meat cooked on the BBQ, and supporting every associated industry. All while emitting around 1% of global GHG emissions, by the way.
At first, I thought the anxiety among the federal Liberals and even some Conservatives was about the lack of funds in the fund that rightfully belong to Albertans. Then, more and more Albertans realized we largely subsidize the fund and that really aggravated our accusers. Now I realize it’s deeper than that and much more sinister.
We have seen how ready and capable every level of government is willing to be when it comes to punishing their version of ‘non-compliant’. The federal government thought nothing of forcing people to lose jobs, did their very best to divide us against one another, froze bank accounts, not to mention trampled seniors, and the list goes on.
Our provincial government complied with the federal, took it one step further by being the first to incarcerate pastors, and continues to hold political prisoners in jail to this day. This is the reality we live in. There’s no calling these things ‘conspiracy theories’ anymore, and the ability to institute mass control could get worse. Especially with digital currency on the way.
Agenda 2030 is just six years away. Here is something to think about.
What happens if this CPP Investment Board decides we aren’t doing enough to reach the 17 sustainability goals set out by the UN who is always in lockstep with the WEF? It’s more than possible they could withholds funds and there would be nothing the federal government, regardless who is in power, could do about it.
My fellow Albertans, our seniors deserve stability. There is only one sure way to make sure they have it now, and we have it later when it’s our turn.
Our pension, our future, our choice is right. There's only one way to make that happen and that's voting yes to Alberta Pension Plan.