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The Currency Korner        
By -The FX Specialist-
Philip J. Magnoli

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FX Specialist Insight
-brought to you by Philip J. Magnoli
 An expression of thought; March 2, 2022
——–The Currency Korner——–

The Way I See Things

Volume 3 Issue 1

“All the truth in the world adds up to one big lie” 
– Bob Dillon 

 

 
Good morning,

History always has a tendency of repeating itself. Throughout history control of the money, supply has been pivotal in shaping the habits of the masses. Today the Federal Reserve the most Powerful independent Central Bank in the world maintains a monopoly bestowed upon it since 1913 in America.  The institution is responsible for overseeing the economy, issuance of money and ultimately controlling people’s ability to purchase homes, cars and employment prospects. The decisions made on interest rates, determining the level of the money supply, influence how people cope in society. Ultimately, those with money and the means are seemingly unscathed whereas those without resources to weather a financial storm become victims of hardships. Consequently, when more people struggle overall, this is when uprisings demanding change happen.

In the time of the Roman Empire, Emperor, Julius Caesar was adored because he minted his own coins and made money plentiful for the masses. He wasn’t revered by the ‘Money Changers’ which ultimately led to his demise and the fall of the Roman Empire. It crumbled into a period referred to as ‘The Dark Ages’.  The money supply was also reduced to 10% and people started to lose their land, possessions and ultimately became slaves to the landowners, working only a subsistence type of life.

I found this documentary to be very educational and understanding. Take the time to watch on your own and share with others:

https://mobile.twitter.com/Alimasubway/status/1495645854744682496?t=2iMmvIrHQwXCPn8lN2gocA&s=07

This morning I received a long-distance phone call, normally I wouldn’t pick it up but out of curiosity, I did. It was a recording, advising me that a parcel with illegal components was ceased in my name by the Postal Service. An arrest warrant has been issued against me. Therefore, I followed the prompts and pressed #1 to speak to an agent. After arguing about who called who, he offered me comfort that he would provide advice on how to diffuse the situation. My response was simple, he should have been aborted as an embryo and was a despicable, deplorable embarrassment to his Mother and family. These scums of the earth act fraudulently to deceive vulnerable individuals. It is absolutely criminal in what they do, by traumatizing people out of money they can’t afford to lose. Only once they wake up and realize they have been duped it is too late.

Today is no different,  misinformation and deception, especially by global institutions and governments are rampant. Everyone is entitled to their own opinion, but when the facts are exposed and the truth prevails, it is the people that suffer the consequences. What happened to Covid as Media bombarded us with death and fear-mongering? Now a conflict in Ukraine in which no one cares to understand the history of events leading to what is happening, has taken over the airwaves at the expense of the Life-threatening Pandemic? Really? The markets are being manipulated and understand this, for every seller there is a buyer. When we experienced negative Oil Prices, the Saudi Price declared we would never see Oil above $100/barrel ever again. They had the means to Short the market and profit on the way down, buying shares from people who panicked by discarding their holdings while now they own a larger controlling interest, becoming even richer. So much for Climate Change and Environmentalism when profit is the motivation of deception.

Meanwhile, as Governments spent blindly without accountability or transparency, I personally wonder if this was a deliberate attempt to bring the raging inflation to the lives of all? Push people toward bankruptcy? Unthinkable? Who will come to their rescue? When legislation to provide a universal income is being considered and slogans about people owning nothing and being happy by 2030, I don’t know about you but I would be concerned.

The Bank of Canada just announced a 0.25% increase in the Bank Rate. This is the rate the Banks borrow from the Central Bank and then the cost is passed on to the consumer. This sounds like a negligible amount but when inflation increases the cost of living and people are on budgets, expenses become insurmountable. Decisions for the sake of a family’s well-being at times are done without much planning and life changes quickly, especially if there is no assistance.

In today’s world, there is more division and hatred being spewed than we have ever seen. Even the closest of families are divided yet many fail to realize that, ‘Blood is thicker than water. It is the family who normally comes to the rescue in time of need to comfort and console. Show respect to one another when you are alive rather than when a person is deceased.

The USD Index continues to steadily increase. Presently, surpassing the 97.80 level. As a result, the Euro continues to plummet vs the USD. Meanwhile, as Oil hit $110/barrel the Cad$ remains fairly stable yet still below the 0.79 cents level. Precious Metals are looked upon as a hedge against inflation and a flight to safety, they continue to be in high demand. Keep in mind, commodity trading in paper versus physical will command a premium.  The market price becomes irrelevant as the demand outstrips supply making prices exuberant. Gold is above the $1930/oz level and Silver climbs above $25/oz versus the USD. Buyer Beware! Please watch the attached Documentary.

Pass it on as I am always available to provide the most advanced foreign exchange services and knowledge, efficiency, expertise and above all integrity. Referrals are welcomed and very much appreciated.
… Don’t Forgetta bout Me!!!!
.The Don of a New Day!

Foreign Exchange Service is my Specialty.
Direct# 416-992-7765

Contact Me Direct via email at phil@aloris.ca

Don’t Forgettaa bout Me!!!!

Sincerely,
Philip Magnoli – The FX Specialist-

Direct:     416-992-7765 
Email:    phil@aloris.ca          

Opinions expressed within are that of the author alone and do not reflect in any, way, shape or form, any Company I choose to associate myself with. This is the intellectual property of Magnoli Financial Services Corp. www.donfilippo.ca 

 

 
 
 

 
 
 

 
 
 

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