Thread by @StephenPunwasi

bahaha. I know most journalists won't be specialized in this area, so most likely this housing story gets passed on.

Trudeau's housing plan that he mentioned to "help" cities involves using the Canada Infrastructure Bank (CIB).

quick thread 🧵👇

2. The Infrastructure Bank is a Crown corporation that was started by Morneau to get private investment for public infrastructure that generates revenues.

They tapped a US investment banker working for Bank of America and Merrill Lynch, to work as an advisor pro-bono...

3. You know? Because all investment bankers invest 6 months of their work time to advise a foreign country on the best way to help taxpayers for free.

Anyway, he also worked with Canadian pensions at the same time apparently.

4. The program is a public-private partnership (PPP) that gets private capital to invest in building public infrastructure.

They don't do it out of the goodness of their hearts. They do it because the gov will pay them more than if they borrowed money directly.

5. So essentially we're going to pay a bunch of private bankers and pensions massive premiums to build more infrastructure.

What does this have to do with housing? The CIB will be funding various infrastructure projects to build city infrastructure and "green" them.

6. PPP programs are never in the public's best interest because it costs a shit ton more than the government borrowing money directly.

It's the same predatory grift the West is trying to use to colonize Africa.

https://twitter.com/StephenPunwasi/status/1395064245478363142?s=20

7. Anyway, the point is never let a good crisis go to waste. No one in government would do that.

8. I don't even care about the infrastructure bank tbh.

I just think it's funny that Harper tried to do it & Libs lost their shit. He Is PrIvAtIzInG eVeRyThInG!

Now that Trudeau and CEO Lives Matters are on it, it's the only way. Privatization is a human right! or whatever. 🙄