Chapter 1308: Chapter 1308: The Giant Pit that Ambushed Canadian Capital
In a separate office, Joseph Chrétien sat across from Pierre and asked with slight respect, 'Pierre, is there something the matter?'
'Joseph, first of all, I would like to congratulate you,' Pierre said solemnly.
'Thank you, without your support, I probably would not have won,' Joseph Chrétien replied with a modest smile.
'Maybe,'
Pierre said with a faint smile, not dwelling on the topic, and asked, 'Joseph, you have been elected party leader, and next you will succeed me as Prime Minister.'
'But there is less than a year until the official election time. What are you going to do in the current situation?'
Having become the party leader, Joseph Clément did not need to keep Pierre in the dark about his plans.
'I plan to apply to the Governor-General in the near future to dissolve the National Assembly and hold a general election.'
Pierre was shocked. He looked at Joseph Clément with burning eyes and asked, 'Why the rush?'
As soon as he finished asking, Pierre seemed to have thought of something and continued, 'Do you think that continuing to drag on will make our situation worse?'
'Yes, my think tank has analysed that, given the current situation, even if I take over your position as Prime Minister, it will be difficult to achieve results in the short term and reverse public opinion. On the contrary, there is a higher risk of failure. It is better to advance the general election and disrupt the plans of the Progressive Conservative Party.'
Joseph Chrétien nodded and replied.
Pierre frowned and didn't say a word.
The reason he retired early was because the public was extremely disgusted with him. If he continued to hold this position, it would only make the public feel even worse about the Liberal Party, which would be even more detrimental to the Liberal Party in the next general election.
But that doesn't mean he plans to start the general election early.
In his original idea, he would select a capable person from within the Liberal Party to take over his position as prime minister. After he stepped down, some of the public's grievances would naturally dissipate, and they would have some patience and expectations for the new prime minister.
As long as the new prime minister can deliver results, he can stop the Liberal Party's decline, reverse public opinion, boost support ratings and then hold a general election.
But I never thought that Joseph Chrétien would be so decisive!
Joseph Chrétien has only taken over the role of party leader, and as long as he has not given up the position of prime minister to Joseph Chrétien, he can still delay things for a while and postpone the general election as long as possible.
Therefore, he still has the ability to intervene.
But will he intervene, or will he choose to cooperate with Joseph Clément?
This is a very critical question...
The more he thinks about it, the more confused Pierre feels. He takes a deep breath, looks directly at Joseph Clément, and says, 'Joseph, tell me all your reasons.'
'I hope you can convince me.'
Joseph Chrétien crossed his arms on the table, looked at Pierre solemnly, and after a long silence, slowly said, 'Pierre, now that we are in power as the Liberal Party, all the responsibility falls on us. In addition to the original problems, there is now the biggest problem, which is that Canada's financial market has reached the most dangerous moment.'
'Most of the Canadian banking consortia have now chosen to support the Progressive Liberal Party, and the government has already used up most of its financial policy tools for a series of reasons.
'The government's fiscal deficit is as high as 32.35 billion Canadian dollars, accounting for 7.6% of last year's gross national product, far exceeding the average of 3.7% in capitalist countries. It can be said that apart from the United States, our Canadian fiscal deficit rate is the highest.'
'Over the past few years, in order to stimulate the economy out of the doldrums, the government has successively issued large amounts of debt, and the current national debt is as high as 196 billion Canadian dollars, equivalent to 46.6% of last year's GDP. This is already an extremely high level, and we can no longer issue debt.'
'Now the government's ability to intervene and control the financial market is extremely low.'
'Now foreign capital is attacking Canada's financial market, and we can only watch from the sidelines. This is a sign of our incompetence.'
'If we succeed, and have a real victory, the Progressive Conservative Party will take the credit, which will be a huge blow to our prestige.'
'If our financial markets are looted, then the previously suppressed conflicts will erupt in an all-out manner, and the people will only direct their conflicts at our current ruling party.'
'So our analysis is that no matter the outcome, it will be extremely detrimental to us, especially the consequences of failure are even more serious.'
'And in my opinion, we probably won't be able to hold on!'
After finishing speaking, Joseph Chrétien sighed and looked at Pierre, who had a troubled expression on his face.
After listening to Joseph Chrétien's account and thinking about it, Pierre had already agreed with him in his heart.
As the head of a country's government, he was in a high enough position to know what was happening in the financial markets and the reasons behind it.
He was well aware of the gap between the United States and Canada.
Although Canada has the Rothschild family and a group of local consortia resisting, its strength is still far inferior to that of the United States and international capital.
The probability of failure is indeed relatively high, unless the Rothschild family has a hidden card up its sleeve.
The Canadian government can actually do very little, unless it dares to temporarily shut down the financial system and turn the tables directly, causing international capital to suffer heavy losses. But no one in Canada dares to do such a thing.
That is why there is now such an embarrassing situation, and as a government, they have now become bystanders.
Put yourself in their shoes. If they were the opposition Liberal Party, they would be more than happy to see international capital triumph, so that they could attack the ruling party, and perhaps even take power directly. As for the losses to Canada, that would be something they would only consider after they had truly become the ruling party.
But now, the ruling party is their Liberal Party, and that is bad.
In fact, at this point, Pierre was already largely convinced by Joseph Chrétien.
However, he was still not at ease, and after some thought, he asked the all-important question: 'Joseph, at the moment, our Liberal Party is far behind the Progressive Conservative Party in the polls. Even if you dissolve Parliament early and call an election, how can you ensure that you can quickly reverse public opinion and win their support?'
'If there aren't enough ways to do it, calling an early election will be pointless.'
'I have a way!'
'But it requires your cooperation and a sacrifice on the part of the Liberal Party,'
Joseph Chrétien said decisively.
Pierre's eyes narrowed, and after a moment of silence, he asked, 'What is the method?'
Joseph Chrétien said coldly, 'We will announce to the whole society what is happening in the financial market. At the same time, we will take the initiative to announce that due to the capital of the banks, the government's ability to intervene and regulate the financial market is seriously insufficient. Then you will step down.'
'After I take over, one of the campaign slogans will be to reform the Canadian financial system, strengthen the government's ability to control and intervene in financial markets, and consider nationalising some banks.'
'By then, even if our financial markets suffer heavy losses, our responsibility will be infinitely reduced, and the public will point the finger at private financial capital and the Progressive Conservative Party.'
'We will turn the tables!'
Pierre stared at Joseph Chrétien with a sharp gaze, and said in a deep voice, 'But Canada will suffer heavy losses, and my efforts over the past years will be destroyed.'
Joseph Chrétien immediately retorted, 'Pierre, but if we don't do this, what you are worried about will also have a high probability of happening. Even if it doesn't happen, it has nothing to do with us Liberals anymore, and your political assets will all be taken over by the Progressive Conservatives!'
'Pierre, I hope you can support me and the Liberal Party.'
'If we do this, Canada will suffer greatly, but we can deal a severe blow to the financial capital behind the Progressive Conservative Party and strengthen our Liberal Party.'
'At the same time, a series of bombs will be detonated, giving us the time and space to re-plan development.'
'In the next five, ten, or even twenty years, Canada will be ours, the Liberal Party!'
'In the future, we will be able to restore Canada's prosperity!'
Pierre was shaken to the core, and his gaze was fixed on the determined face of Joseph Chrétien.
For the first time, he felt that his partner had suddenly become a stranger.
But for the Liberal Party...
'Yes!'
'I support you!'
'To the Liberal Party!'
'To a new Canada!'
'Thank you, Pierre!'
Their hands shook as they shook hands.
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