The much ballyhooed Defence Security and Resilience Bank is a boondogle designed to move taxpayer dollars to war profiteers
This obvious fraud is getting a lot of positive press coverage. To no-one’s surprise, the big banks are all aboard for this boondogle. You see, this travesty of flawed governance will solve a critical problem for JPM et al, that being the problem of extending credit to arms dealers. If you’re contemplating a $300 million loan to a broker shipping missiles to Ukraine, well, given that the collateral is destined to blow up, the profit motive would obviously prevent you from making that loan. That’s where the Defence Security and Resilience Bank (DSRB) comes in. This is a classic 3P scam, the “public private partnership” ruse that guarantees the profits of the private side of the partnership while the public side, ie the taxpayer, covers the losses. This is being promoted by the Carney regime as a great opportunity for Canada. Right now we’re supposed to get excited that no less than four Canadian cities are vying to be the DSRB HQ! That’s gonna bring 3500 jobs, dontcha know! And dontcha know it ain’t gonna be the big banks paying the salaries of those new bureaucrats, it’s gonna be the taxpayer!
Source: http://theviewfromfallingdowns.blogspot.com/2026/05/the-much-ballyhooed-defence-security.html
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