Canada’s Prime Minister, Elbow’s Up and Gold – AOTH

Canada’s Prime Minister, Elbow’s Up and Gold

Canada’s Prime Minister, Elbow’s Up and Gold As foreign central banks reduce their allocations of U.S. debt, Washington loses its unchallengeable monopoly on global savings. With fewer automatic foreign buyers for government debt, Treasury yields must climb to entice private and domestic investors. Richard Mills Sun, 10/04/2026

Canada’s Prime Minister, Elbow’s Up and Gold – AOTH

In a wide-ranging interview with The New York Times, Canadian Prime Minister Mark Carney reiterated his long-held stance that a global financial system wholly dependent on the U.S. dollar is unsustainable. He advocated for a transition to a multipolar system featuring several reserve currencies, which he argues would provide greater global flexibility. The comments come amid a broader breakdown in Canada-U.S. relations, highlighted by the recent…