To find the red thread that connects the big fat bank bailout of 2008, the Green Deal and the current drive towards World War, follow the moves of the currently leading agent of the British Empire, Mark Joseph Carney, the former Canadian Central Banker, the former Governor of the Bank of England and the current Prime Minister of Canada.

Since his famous speech at the Davos forum this year where he openly admitted the fraud of the “rules-based order”, Carney has become the favourite of many circles who took this as a bona fide exposure of the corrupt unipolar world. But those who knew what his real agenda smelled foul. What Carney was pushing was old wine in new bottles.

In any case, the op-ed penned by Carney and Luxembourg Prime Minister Luc Frieden in the Financial Times of June 24, 2026 should be an eye-opener for everybody. In that article, the duo called for a new multilateral bank to pump unheard of amounts of finance capital into military production.

The idea of such a bank, which the two called Defence, Security and Resilience Bank (DSRB), is not new. It was first proposed by Rob Murray of the Anglophile NATO think tank, the Atlantic Council, in an article on December 13, 2024. At that time, both Germany and France rejected the idea. The fact that Carney has picked it up again now means only one thing: The bankruptcy status of the financial system makes a rearmament-driven bailout urgent.

No one knows better than insider Carney just how rotten the system is, and no one is more prepared to stop at nothing in order to bail it out. While his colleagues were still discussing whether the financial system was being hit by a transitory storm or a real tsunami, Bank of Canada head Carney immediately saw the systemic nature of the crisis and implemented a policy of massive liquidity injections in March 2008, insulating the Canadian banking system from the surrounding crisis. His performance landed him the promotion as Governor of the Bank of England, the first non-Brit ever to hold that office.

When the financial system threatened to explode again in 2015, Carney began organising what was to officially become, two years later, the Central Bank Network for Greening the Financial System. According to Carney and the NGFS, the global economy required between USD 3.5 trillion and USD 7 trillion per year in capital investments to successfully finance the green transition and reach Net Zero by 2050. Of course, this could work only with government incentives. In fact, Carney was the real father of the EU Green Deal.

In comparison to the NGFS demands, the figures that the Carney-Frieden duo now demand for NATO look quite modest: EUR 850 billion per year. The additional money for NATO, they insist, can only be ensured by a bank which has the full guarantee of national governments, such as the DSRB. In other words, huge amounts of speculative finance capital will be channelled into military production, backstopped by government guarantees, which are in turn backstopped by looting the living standard of the relevant populations – exactly as happened under Nazi central banker and Finance Minister Hjalmar Schacht.

Read: US Attacks Iran Again

At the NATO meeting held in Ankara on July 6-7, 2026, the DSRB tried to find the needed support. However, one thing is clear: Once set in motion, rearmament becomes a slippery slope toward war, just as the Nazi regime found itself with no alternative, but war once the economic recovery produced by its militarised economy had been exhausted.

This article was first published in Executive Intelligence Review (EIR) Strategic Alert weekly newsletter (Volume 40, No. 27) on July 2, 2026.

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Published by Koushik Das

Koushik Das (born on May 16, 1976 in Kolkata) is a career journalist. Based in the Indian capital of New Delhi, Koushik writes mainly about foreign policies and current geopolitical issues, and rarely about other topics. His own political ideas are highly influenced by Antonio Gramsci, Louis Althusser, Michel Foucault, Michael Oakeshott and others. English philosopher and political theorist Oakeshott (Dec 11, 1901-Dec 19, 1990) says that “in political activity, men sail a boundless and bottomless sea. There is neither harbour for shelter nor floor for anchorage, neither starting-place, nor appointed destination. But we have to keep afloat”. (Rationalism in Politics, 1962) As a student of Political Science, Koushik loves to share his views on issues, which have great impacts on his thought process (and also on India, South Asia and of course on the global community), with his readers through his website – Boundless Ocean of Politics. By doing so, he tries to keep himself afloat. You will find some of his articles in https://inserbia.info/today/ (https://inserbia.info/today/author/kou_das13_i/), as he has been trying to assess the global geopolitics since 2003. You can also mail him at kousdas@gmail.com View all posts by Koushik Das