In the coming days, Mark Carney will be sworn in as the 24th prime minister of Canada. In the past, the Canadian economist has served as the governor of the Bank of Canada, the chairman of the Financial Stability Board and the governor of the Bank of Britain. But Carney has never run for elected office before now.

At the start of the year, Carney was busy serving as a United Nations special envoy for Climate Action and Finance and as the chairman of Prime Minister Justin Trudeau’s Task Force on Economic Growth. But after it became obvious that Trudeau did not have what it takes to stand against United States President Donald Trump, Carney announced he was running in the 2025 Liberal Party of Canada leadership election.

On January 16, Carney stepped down from all executive, board and advisory positions so he could focus exclusively on becoming the next prime minister. Now that the Liberal Party has selected Carney as Trudeau’s replacement in a landslide vote, Carney will join his mentor Mario Draghi in the niche club of people who have become a head of government after having previously been the head of a central bank.

Even though Carney won 86 percent of the ballots cast in the Liberal Party election to replace Trudeau, he will still govern Canada as an unelected technocrat since he has never run in a national election and does not have a seat in Parliament. In fact, the former central banker will be only the second prime minister in Canadian history without a seat in Parliament. So this whole situation is highly unusual.

Many powerful people in both Canada and Europe are unnerved by President Trump’s tariffs and bellicose rhetoric. So they are installing a literal bank manager in Canada’s top office to protect their investments from a populist uprising.

The Canada Elections Act requires that an election be held no later than October 20, so Carney may be prime minister for only a short time. In the meantime, Canada’s elite are trying to prop him up as the best candidate to take on Donald Trump. He helped manage the 2008 financial crisis, Brexit and the covid-19 pandemic. Carney’s new task is to steer Canada through a trade war with the United States.

A poll by Ipsos for Global News finds that two thirds of Canadians think less of the U.S. as a country due to President Trump’s tariffs. Running on an anti-Trump platform may be an effective strategy, but before people get too excited, they should examine Carney’s background. He is not as moderate as he appears.

In his book Value(s): Building a Better World for All, Carney argues that humanity cannot continue on its current path of amoral wealth generation in a dehumanizing market society, but must adopt a new economic system that stewards resources for future generations. To create such a utopian system, Carney appeals to Pope Francis as his central inspiration. In fact, his whole book is basically a rehash of Catholic social doctrine, which basically teaches that libertarianism and collectivism are the “twin rocks of shipwrecks,” therefore humanity must chart a third course that is halfway between freedom and tyranny.

Pope Francis has been a prominent critic of American-style free markets, so it makes sense that Carney would oppose President Trump’s approach to economics. Carney identified as “European,” instead of “Canadian,” at a 2023 World Economic Forum panel and has made no secret of the fact that he wants to align Canada with a Catholic-dominated European superstate. The dispute between Carney and Trump is not a minor squabble over auto parts: It is a clash of civilizations between the U.S. and swiftly rising Holy Roman Empire.

Carney is also a huge proponent of stakeholder capitalism, the idea that companies exist not simply to make money for shareholders but also to make a meaningful contribution to society. This is opaque jargon, but keep your eye on the target. The real issue is control. Who will control millions of individual businesses around the world: the owners, who have taken risks for their businesses and operate them in their communities—or governmental elites, who will assume control of your business on behalf of humanity and the planet?

Prof. Klaus Schwab, founder and chairman of the World Economic Forum, claims to have invented “stakeholder capitalism” about 50 years ago. Yet this system really has a long, dark history.

Italian philosopher Giorgio Agamben calls it “Communist capitalism,” while American scholar Michael Rectenwald calls it “corporate socialism.” Stakeholder capitalism resembles the corporate socialism used in Juan Perón’s Argentina, Engelbert Dollfuss’s Austria, Augusto Pinochet’s Chile, Ante Pavelić’s Croatia, Pierre Laval’s France, Adolf Hitler’s Germany, Benito Mussolini’s Italy and many other corporatist states.

Former Canadian Prime Minister Pierre Trudeau, Justin Trudeau’s father, was deeply influenced by fascist economics as a youth growing up in Catholic Quebec. (You can read about his history in the book Young Trudeau: Son of Quebec, Father of Canada, by Max and Monique Nemni.) It makes sense that Justin Trudeau would appoint Carney to lead his Task Force on Economic Growth. Neither Trudeau nor Carney believe in the free market. They want a Catholic intelligentsia to dictate how the market in Canada works.

President Trump does not want America to become overly reliant on trade partners like Canada, so he is raising tariffs in an attempt to either separate the economies of Canada and the United States, or convince Canada to become the 51st state. Yet Carney does not want America to leave the global mart of nations any more than he wanted Britain to leave the European Union. Like his colleague in the Liberal Party, Chrystia Freeland, he wants Canada and Europe to “build a new world order” to combat Trump’s America.

The Bible tells us that such a new world order is coming. The late Herbert W. Armstrong explained in his booklet Who or What Is the Prophetic Beast? (free upon request) that the 10 kings mentioned in Revelation 17 are 10 European nations tenuously bound together by the ideological glue of Roman Catholicism and that the religious entity referred to in Revelation 17 is actually headquartered in the seven-hilled city of Rome.

Many prophecies reveal what this church will do in the time ahead. Revelation 18:3 says, “For all nations have drunk of the wine of the wrath of her fornication, and the kings of the earth have committed fornication with her, and the merchants of the earth are waxed rich through the abundance of her delicacies.” Notice, these merchants do business in all nations. Even though this great false church exercises extraordinary power over a group of European nations, its economic influence encircles the globe—from the Far East to the Americas.

Under Pierre Trudeau, Justin Trudeau and Mark Carney, Canada has become an integral part of Rome’s economic system. Yet this state of affairs is about to change. Numerous Bible prophecies show that the English-speaking peoples will be forcible conquered by the Holy Roman Empire in blitzkrieg war. This means Canada is going to rebel against Carney’s brand of “stakeholder capitalism.” The European Union has conquered most of Europe without firing a shot, but it will not conquer North America so easily.

To learn more, read “The Pope’s New World Order.”