For those waiting patiently for the USMCA termination announcement, this is a potential indication and/or signal of pendency.
When President Trump and USTR Jamieson Greer send the official notification, a six-month countdown clock begins running. As of right now there are no official statements that indicate the likely triggering, it’s a guess. However, there are datapoints aligning in that direction.
No one outside our assembly has contemplated the termination of the USMCA (CUSMA) or what would occur in the aftermath; however, the Bank of Canada has gamed out the financial consequences, briefly in their forward guidance. The ramifications are significant, perhaps more significant than any other global trade announcement.
[…] “it more likely that a new shock or a combination of shocks could cause several vulnerabilities to crystalize at once. If this were to happen, these vulnerabilities could interact and reinforce each other.
A cascading series of events could cause a sharp loss of investor confidence and lead to a spike in demand for liquidity or rapid asset sales. Funding markets could come under pressure, and stress could spread more broadly.” [SOURCE]
I suggest we keep a close eye on all U.S-Mexico discussions, as well as geopolitical leverage points that might surface in the U.S-Mexico relationship. My best guess is that once the U.S. and Mexico come to renewed terms on the ‘USMCA’ as a potential bilateral free trade agreement, that will be the moment when the planets are aligned for the termination notification.
The financial markets in Canada are tied directly to the independent strength of the Canadian economy. Which is to say, the financial system in Canada is dependent on historic ties to the United States. Pull out all of the dependencies within the economy, a result of a fracturing of the “geopolitical relationship,” and suddenly the Bank of Canada faces a “cascading series of events” they have not previously had to entertain.
A significant number of multinational corporations within Canada are geographically centered due to American proximity and the dependency that has historically been considered a partnership. That relationship has now changed, and despite Mark Carney saying that Canada can be stronger standing alone, there is no economic model for Canada to retain its wealth position without the inherent subsidy that proximity to America provides.
There is no ‘partnership’ with Europe and/or China, or a combination of partnerships, that can replace the one-way nature of the subsidies from the U.S. economy that Canada enjoys.
If the Canadian people, workers and companies therein, have to rely on their own domestic economic activity to fund their GDP, their lifestyle will have to modify in very significant ways.
Now, I want you to think about the Bank of Canada’s previous statement against the backdrop of this announcement yesterday:
The Dutch central bank (DNB) has transferred approximately 86 metric tons of gold out of the U.S. and Canada to the U.K., seeking to shore up its contingency planning in view of “increasing geopolitical unrest.”
Just over one-quarter of the central bank’s gold reserves held in New York and Ottawa had been shifted to London between March and August, DNB said Wednesday. [SOURCE]
Prepare your affairs accordingly.
https://www.theglobeandmail.com/business/article-invest-canada-2026-summit-mark-carney-attendance-stephen-harper
Perhaps president Trump is waiting to see what happens at this “first ever” globalist meeting in Toronto in a couple of weeks in order to see what deals are made and with which country. One of the head organizers for this summit resigned last week https://www.theglobeandmail.com/business/article-head-of-federal-agency-organizing-carneys-investment-summit-resigns
The plot thickens!
Well that’s behind a paywall.
Wait… Trump said there was a deal, Canada said no, and then Carney said Canada was attacked? But saying no to a deal is not being attacked. That’s not what those words mean.
Manufactured victimhood
Carney will look like the drooling eunuch he is if Xi and PDT make some direct trade agreements that cuts Canada totally out of things
If Canada loses the ability to serve as a pass through into the US market, Canada has almost no value to China, except as a dumping ground for cheap evs/ carbon credits. That’s the economics part. Obviously China would love to use their geography to do sneaky China stuff like spying etc. Not sure how much they’d pay Canada for that.
It may have been Thomas Sowell (I can’t find the quote) who said that withdrawal of a privilege (aka entitlement) is perceived as an attack by those who benefit from that privilege.
That is why bureaucracies are forever and government almost always grows.
Even to me as an outsider, it feels like the Liberal Party crime family (Dems too) has been attacked. The fact that the “attack” is defensive, targeted, and far less than deserved means I support it whole-heartedly and regard the reaction with great amusement. But I can see how the state mafia considers it an attack on their whole way of life (and are scrambling hilariously to defend themselves without ever admitting that government parasitism pretending to be benevolence IS their way of life.)
“I suggest we keep a close eye on all U.S-Mexico discussions, as well as geopolitical leverage points that might surface in the U.S-Mexico relationship.”
Thanks for reminding everyone about the M in USMCA.
“My best guess is that once the U.S. and Mexico come to renewed terms on the ‘USMCA’ as a potential bilateral free trade agreement,”……
With a strong bilateral agreement with Mexico, and a separate strong bilateral agreement with Canada, all three nations stand to prosper. It would be nice if Canadian government officials could pull their heads out of the snowbank long enough to understand this. The only one left out in the cold would be China, so we best keep an eye on them and what moves they are making.
The official notification of the US terminating the USMCA might get their heads out of the snowbank.
They have six months after notification to at least come to an interim agreement.
Lutnick said they worked six weeks on the most recent interim agreement that would have been implemented had Carney not Kiboshed it.
I assume that would be the starting point for any interim deal negotiations.
A lot can be accomplished in six months But it depends on whether Carney puts Canada before his globalist masters. I kind of think he ‘ll do as he’s told. If he does that then the sh*t will hit the fan for Canada.
“Lutnick said they worked six weeks on the most recent interim agreement that would have been implemented had Carney not Kiboshed it.
I assume that would be the starting point for any interim deal negotiations.”
That would be what Canada would want as a starting point.
Why should President Trump reward them with that starting point after what they did and their ongoing efforts to get democrats here to help them?
I would expect they have more negotiating to do since they will have to admit……they are negotiating from a position of weakness.
It’s all Canadian cosplay. Everyone knows you do not make unreasonable demands while negotiating from a position of weakness. At best, you massage the deal to limit your downside.
On a sidenote, we need a new meme and metaphor for Carney.
Mark “Kneeling Before ZoD” Carney
Make no mistake, Canadian government officials are acting purposefully and projecting their narratives to perpetuate their agenda.
Hurry up and kickstart the end of this USMCA program.. Maybe we can convince the left they can help Canada by moving there and sharing their ideas of…. Well whatever ideas they may have to to shore up the Canadian economy..
Rye whiskey, rye whiskey I cried.
I can’t get rye whiskey cause Canada just died.
Pray for 47’s safety…
I was out and about yesterday…. and for the first time in a long time I ran into an English Couple in America. They told me they are here for 6 months and then spend the other 6 in England…. I also ran into 4 random men that sounded like Iranians at the same place. A lot of weird stuff going on recently…. and this was in a major metro area ran by a Democrat close to Marc Elias.
As Captain Jean-Luc Picard was known to have said, “Make It So.”
And what did Mr. Spock say?
I think it was, “Live well and prosper” . . . the WSJ crossword puzzle mentioned it recently!
long
Hard ball always wins. America’s interests only come first if you are a rational, law abiding patriot. Canada needs to take of itself. Obviously, their leaders want to destroy their own country. So be it. President Trump, please announce the damn withdrawal.
Maybe playing “hardball” with Canada might have waited until after the Iranian “thing” is over, oil and gas prices returned to low levels and inflation subsidies instead of creating more ammo for the Democrats in seven weeks to use against us. I’m not saying that we shouldn’t be tougher on Canada but sometimes timing is important.
Was going to sarc and decided against.
Please sent your CV to Susie Wiles.
Sometimes timing is controlled by events beyond control, like Iran’s uranium enrichment becoming critical.
After the uranium material and the equipment needed for enrichment were destroyed by the US Air Force last summer? I don’t think so!
It seems assisted suicide may be on the rise in Canada. That’s so sad.
Seems Carney is the willing assistant ….. Munchhausen by proxy ? Or factitious disorder applied to a whole country…..?🤔
There are Constitutional laws that can be used against politicians who work with foreign governments attempting to damage or destroy the United States Of America.
Many politicians and past presidents deserve the label and
The strict penalties
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Just this morning I was checking out this video by Elie Cantin-Nantel where he compared prices of various grocery items between Canada and the US.
Groceries were cheaper in Canada, when all considered. However, the shocker was how much more Canadians had to pay for their nationally protected industry products of dairy and poultry. The higher cost in Canada was significant (in some cases double).
Around 10:54 of his video (
he discussed how Canadians are getting ripped off by their government in two main ways.
1. Canada’s supply management system which protects dairy and poultry, keeps prices artificially and significantly higher than should be.
2. The political destruction of Canada’s middle class. Canada is no longer a wealthy nation (the value of the Canadian dollar has declined by 30%). So prices are lower, but it is a poor nation by prior comparison. He summarizes that Canadian people are being ripped off by the political class.
I found the article he referred to in his video:
+++
JAY GOLDBERG: Supply management should go – and not just for the sake of trade talks
Excerpt:
Supply management is a complex web of government-imposed regulations, import restrictions, and production quotas that limits the amount of dairy, eggs, and poultry in Canada. Because supply is limited, prices are kept artificially high.
*
And then there’s the issue of affordability. Canada’s food inflation continues to lead the G7. This is a fact repeatedly pointed to by the Opposition Conservatives. This year, the average family of four will pay $1,000 more for groceries than last. The Carney government admits food prices are too high. Yet no one (including the Tories) will talk about the elephant in the room: supply management.
*
Supply management also doesn’t make sense in the Canadian context because it’s only done in a very select sector. Dairy, eggs, and poultry are supply managed, but we don’t do this for beef, grain, vegetables, or fruits, among others.
*
The bottom line is scrapping supply management simply makes sense. For the sake of 10,000 dairy farmers, Canadians have been overpaying for dairy, eggs, and poultry for decades.
https://calgarysun.com/opinion/columnists/jay-goldberg-supply-management-should-go-and-not-just-for-the-sake-of-trade-talks
I am an American who has lived in Canada for 9+ years. We travel frequently to the USA. Yes, dairy and poultry are mroe expensive than the USA, but everything else is the same (if imported from the USA or elsewhere) or lower (if produced in Canada). Maybe it feels more expensive in Canada, since Canadian incomes are lower, and US taxes are lower in some cases. High property taxes in some US states and ridiculous health insurance rates for many make the overall picture less clear.
If you see a doctor in the Tim Hortons parking lot, run!
We need to create a template form out of our declaration of independence and out constitution and have Canadians, UKians, Australians and Europians (Yes intentionally misspelled for comic/self-entertainment purposes) DO this and shut up. Their problems are coming from their own country.
Excerpts from Bank of Canada’s Financial Stability Report foreward guidance link:
* issuance of global sovereign debt is also rising
* risk has not gone away…future of Canada’s trade relationship with the United States remains uncertain.
* series of events could cause a sharp loss of investor confidence and lead to a spike in demand for liquidity or rapid asset sales.
* At the time of the 2025 Report, we were concerned that tariffs and trade uncertainty could lead to market volatility, strains on liquidity or even market dysfunction.
* Business financial health is broadly stable—even in sectors most exposed to shifting US trade policy. But a downturn could put pressure on margins and make borrowing more difficult.
We wait. We watch. President Warned.
SWORD OF DAMOCLES
I would like to ask the dutch decision makers, just when was it that there was no “increasing geopolitical unrest”?
I would whether believe they are afraid Trump would take their gold because of their past theft from the U.S. and its citizens or a freeze on their holdings while court cases are settled. Being NY and london are the two big players in gold buying selling/trading.
People workers lifestyles will have too adjust, DOWNWARD!
After listening to Bessent, I am sensing a return to the gold standard may be afoot. China has been loading up for 2 years. I don’t know what it is going to look like or even how to prepare, but a major shift is about to happen in the world financial order.
Interesting. I read somewhere recently that there were moves in the direction of a gold standard. Think I read it here.
If true, it does shed some light on the EU actions. I beginning to suspect their money is othi g more than smoke and mirrors, like a giant Ponzi scheme. It seems like they are covering losses by creating one crisis after another that they use as an excuse to cover the fact there is nothing there. Like kiting checks.
They won’t be able to play in the same market if we return to a gold standard. Maybe they are setting the stage for their own closed system. Sorta like Confederate money.
There have been discussions, and plans, the loudest to date is reflected in this article from 2024 where the idea being European nations wanting to repatriate their gold and silver bullion/bars in order to revalue it (declare gold is ‘suddenly’ worth $10,00o an ounce or thereabouts) in order to shore up the value of the Euro by putting it, the Euro, on the gold standard.
https://www.moneymetals.com/news/2024/11/08/europe-is-finalizing-preparations-for-gold-standard-003609
Secure bird, release rat.
When covid lockdown was going down Russia, Turkey, India, Germany and China pulled all of their gold out of the Bank of New York’s Vault. Had it loaded on pallets and slid into jets at Teterboro, in the dead of night without a word. Their entire inventories.
Each country that has a GD with the USGR has a section with colored duck tape on the floor marking it off. Those sections set empty. Just this huge sub basement with support columns, with the US now being the majority depositor. This “taking toys home” has been going on for years.
Uh, don’t let those wooden shoes trip you up or those tulips hit you in the ass, on your way out the door. lol
Wasn’t that when they were setting up BRICS.
I’d like to believe that Trump killed that in its infancy by threatening to exclude them from the US market.
That said, it doesn’t exclude Trump from also running alongside their idea of retuning to a gold standard.
BRICS might have been the initial direction but no one sent it back. Vault parking empty.
Are you quite certain about that? I don’t recall seeing those floor markings in Goldfinger when 007 was chasing Odd-Job at Fort Knox. I will have to watch it again tonight.
The vault that viceroygrey is talking about is located in the basement of the Federal Reserve Bank of New York.
I eagerly await the announcement of the cancelation of the CUSMA and will celebrate by having a stack of pancakes with lots of Florida Maple Syrup. for breaksfast.
Will this affect Americans 401k’s?
I feel silly having missed a sort of obvious angle to this: Wait to announce the termination when Carney calls for snap elections.
It’s starting. War Prep: Capital controls in EU. I bet Canada follows suit.
8.21.2026 Article: New EU Rule Bars Foreign Banks From Serving EU Residents Without a Local Branch From 2027
FTA: From January 11, 2027, banks based outside the European Union will no longer be permitted to provide core banking services, including deposit-taking, to clients residing in the EU unless they operate a licensed branch in the relevant member state. The change stems from Article 21c of the sixth Capital Requirements Directive (CRD VI), formally Directive (EU) 2024/1619, adopted in January 2024.
Residence, not nationality, decides who falls under the rule. An EU citizen living in Dubai faces no restriction; a non-EU national living in Lisbon or Berlin does.
What the Rule Actually Says
The new rule prohibits “third-country undertakings” from providing core banking services into the EU on a cross-border basis. Core banking services cover three activities: taking deposits and other repayable funds, lending, including consumer credit and mortgages, and issuing guarantees and commitments.
For deposit-taking, the branch requirement applies to all non-EU institutions without exception by entity type. A bank in Singapore, Dubai, or Panama City that wishes to accept deposits from EU-resident clients after the deadline must first obtain authorization for a branch in the member state where those clients reside.
Geographically, the regime covers the entire European Economic Area: the 27 EU member states plus Iceland, Liechtenstein, and Norway. Member states had until January 10, 2026, to write the rules into national law, and each remains free to impose stricter requirements than the directive’s floor.
https://www.imidaily.com/europe/new-eu-rule-bars-foreign-banks-from-serving-eu-residents-without-a-local-branch-from-2027/
What does that mean in simple speak?
Why are they doing? What is the impact?
Staging mechanisms for preventing capital flight from the EU zone in the near future.
Financial assets have a habit of fleeing (soon to be) war zones to safer havens elsewhere where there is less risk from being seized or destroyed by one or more belligerent parties.
It means control and permission to access their, i mean your money. What’s left of it anyway.
Okay, I get the preventing the flow of money out of the EU zone and that it portends looming war in the EU. I also grasp your “ What’s left of it anyway.” comment.
But if I am in US, how can they seize my money? By seizing funds that make up global investments?
I’m sure other readers also would like to understand.
Recall that an assassination in a small province in southeastern Europe led to a “cascade of unwise decisions” in the summer of 1914.
Bad decisions continued to be made for a generation and caused more “cascades” of catastrophe by 1939.
It is not impossible that another eastern European country (The Ukraine) and/or the economy of a relatively small country (Canada c. 40 million) could catalyze a series of unwise decisions (panic) leading to a cascade of catastrophes.
We must heed George Washington’s famous advice, than which nothing today is more salient: America in the future should beware of foreign entanglements – that includes economic ones!
I will never forget the feeling of dread I had reading a USA Today (hotel copy) article about the assassination of Massoud on 9/9/2001.
No idea to this day why I felt that way.
Archduke Ferdinand.
President Washington, all those founders, were so spot on, especially foreign entanglements. And then, only if necessary such as Jefferson’s war to end the barbary pirates.
Moving gold to London? Not sure I understand why that’s better than leaving in the US .
I think because the E-U Puppetmasters can have access to it for the Ukraine and its attendant, multi-national corruption.
an old saying seen on coffee mugs in our miner’s mudroom “he who holds the gold makes the rules”.
So. What exactly does this mean for US citizens? How will this impact the average retired guy (me)? Will I finally be able to lose the weight I’ve been wanting to lose because of economic collapse and food shortages?
Cute.
DNB’s gold wasn’t a big thing because the bars they dumped weren’t the kind that meet international assay benchmarks for trade. DNB did keep a gold presence in the USA. So, why two separate gold deposits on two different continents? 1) at redemption it offers choices in currency. 2) it gets most of DMBs gold to international standards for agreed upon valuation for quick sale or exchange. 3) in an uncertain world with looming tariff wars local currency is an advantage. 4) showing 1 grouping of gold to 5 different customers and telling them their gold is safe, no need to take it… becomes much more difficult when actual customers remove their gold. 6) DMB is likely getting their gold diversified because it may be more than a tier 1 asset soon. …and so much more!
Your point (4) is my favorite. This is going to create quite the mess when too many owners of gold fight over the same bars.
Owners of large quantities of bullion can raise money by lending out their gold. London is the world’s biggest center for metals lending, much more so than Canada or NY.
It might be the Dutch foresee they might need to raise funds sometime in the future and they can do so easier from London than from North America. They can keep their gold on their books but still use it to raise funds.
Various countries central banks have been pulling gold out of depository in London and New York recently. Started in 2025(look at gold runup then) and has continued thru 2026.
Yes. FWIW…
https://www.newsweek.com/list-of-countries-that-have-pulled-gold-from-us-federal-reserve-12398243
Everything I’ve seen from the Canadian side assumes CUSMA will be intact going forward. When the announcement hits, it’s going to hit hard.
USMCA is like the friend/relative who came to visit but doesn’t seem to want to leave.
If anyone remembers …
There was a push to verify Fort Knox. Right after that, there was a transfer of gold from EU to US.
Now that they’ve published that the gold is there at Fort Knox, we see gold being transferred from US to EU.
Yeah, timing is everything.
A new Canadian $20 bill with King Charles III on it unveiled… Video credit: Bruce Mcgonigal
https://x.com/BarkJack_/status/2095621122867785985
President Trump has all the leverage. The next deal they make will not be as good as the one they just turned down.
Obama probably told Carney to do this with the hopes of hurting the mid-terms. Can you imagine what Barry promised him.
“The Dutch central bank (DNB) has transferred approximately 86 metric tons of gold out of the U.S. and Canada to the U.K., seeking to shore up its contingency planning in view of “increasing geopolitical unrest.””
Worried about Greenland?
Where else on the planet would their gold be as protected as in the US?
Or maybe they just didn’t want to make it too obvious they wanted it out of Canada.
What exactly does that mean “Prepare your affairs accordingly” in regards to this specific article, Sundance?
The EU and the UK keep on desperately baiting Russia to attack them, even though they know full-well that Russia could destroy them.
Canada is too far away from Moscow, so they are doing the next best thing – desperately baiting the US to economically destroy Canada.
Why are the globalist cabal members intentionally courting their own destruction?
It must be intentional. It is too consistent and too coordinated to be otherwise.
We will and have a mass Canadian & foreigner exodus into the USA. Idk if the number 10k a month is correct or if included companies plus employees leaving their businesses behind to come here. I hope the number was wrong. If it’s that high already we’re doomed.
I fondly remember the Truckers strike. They were very close to achieving the beginnings of freedom. As an Ohioan, they are still my “neighbors”, just across Lake Erie.
If they choose to side with China against the U.S., that is a provocation, which should bring an end to trade & the beginning of constructing a northern wall. The same “pressures”, we would apply to any China proxy country.
“Had been shifted to London.”