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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 23, 2022
——–The Currency Korner——–

The Way I See Things

Volume 3 Issue 4
 

“Keep it simple, stupid!” 
– Professor Wolfe

 

 
Good morning,

Keep it Simple, Stupid was a statement I heard from Professor Wolfe when I was in University. He was a man who was tone-deaf. He could read lips and actually taught himself the French language. He could speak perfectly.  To say the least, I found his ability fascinating. Honestly, I sweat with anxiety when dreaming of being both deaf and blind. One thing he made clear was when communicating your expression in writing, his rule was to keep things simple. There was no need to make an impression with fancy words that no one else could understand.  He only expected simplicity of expression, an art I still have difficulty grasping today.

Nonetheless, today we find the world in a chaotic state of affairs. It is difficult to really understand what is reality versus fiction. People tend to only believe what they want to believe without even acknowledging the truth even if it exists. There are many conspiracy theories that may have actually come to fruition but one thing is evidently clear, trust no one other than your mother!

Yet financial misery will continue unabated as inflation rages on. The purchasing power of all is being eroded daily as price hikes are dictating what one will choose or forego.  It is not easy for many because they have been raised as entitled and extended credit in order not to feel the pain of restriction. Enjoy now, pay me later!  Ultimately, reality sets in and those cannolis you may have overindulged in will now be the difference between putting gas in your car and/or food on your table. Nothing in this world is FREE and don’t take your freedoms and lifestyle for granted.

This story puts things into perspective; The Business Man and The Greek Fisherman.

A businessman took a short vacation to a small Greek coastal village in Santorini. Unable to sleep he walked the pier. A small boat with just one fisherman had docked and inside the boat were several large tuna.

“How long did it take you to catch them?” he asked.

“Only a little while” the Greek fisherman replied.

“Why don’t you stay out longer and catch more fish?” he asked.

“I have enough to support my family and give a few to friends,” the Greek fisherman said as he unloaded them into a basket.

“But …. What do you do with the rest of your time?”

The fisherman looked up and smiled” I sleep late, fish a little, play with my children, take a nap with my wife and stroll into the village, where I sip wine and play guitar with my friends”.

The businessman laughed “Sir I am an Investment Banker from NW, I have an MBA from Harvard and can help you. You should fish more, and with the proceeds buy a bigger boat. In no time you could have several boats with the increased haul. Eventually, you would have a fleet of fishing boats. Then instead of selling your catch to the middleman, you could sell directly to the consumers. You could control the product, processing, and distribution. You would need to leave this small coastal village and move to the city to run your expanding empire.”

The fisherman asked, “But, sir, how long will all this take?”

“15- 20 years, 25 tops,” said the businessman.

“But what then?” asked the fisherman.

The businessman laughed and said, “That’s the best part when the time is right, you would announce an IPO and sell your company stock to the public and become very rich. You would make millions”.

“Millions? Then what?” asked the fisherman.

The businessman replied, “Then you could retire and move to a small coastal fishing village, where you could sleep late, fish a little, play with your kids, take a nap with your wife, and stroll to the village in the evenings where you could sip wine and play guitar with your friends.” (Reference Google)

Oh, if decisions were so easy life would be grand! Unfortunately, not everyone is afforded the same opportunities in education, employment or social status. In many instances, the hierarchy in society is based on personal credentials. There are many in our world in positions of influence you would think would be qualified in what they do. Yet many arbitrarily make decisions affecting every aspect of our daily lives.

In finances, they determine how much we earn and how much we can spend by controlling credit facilities. On food, the implementation of regulations dictates what’s allowed to be consumed determining quality and quantity. Many carry titles of Dr., Ph.D., MBA, ….etc., thinking they have the people’s best interests at heart, yet many of these so-called educated geniuses have failed miserably in solving the issues plaguing our world today.

Specifically, spending profusely is the solution to every problem faced. Money always seems to be the right antidote for the problem at hand but more often than not it is exacerbating the issues. Consequently, the world continues to spiral into untenable deficits which increase the chances that the economic system we have adopted could be teetering on the verge of collapse.

The conflict in Eurasia continues as the price of energy and commodities continues their advance. Black gold, Oil is testing the $115/barrel level while Precious Metals maintain their strength, Gold is in the $1930/oz level and Silver is around the $25/oz vicinity this is despite the USD Index advancing above the 98.70 level. Finally, today we listen to the discussion of digital currencies being ushered in by Central Banks, especially within the G7, it is imperative to take an interest to understand the implications to the economy and to your autonomy. Be mindful of the consequences which could outweigh any benefit they will promote. The bottom line is total control of your personal decisions. Remember, only trust your Mother! 

Where’s my money?
https://www.youtube.com/watch?v=isS5K9nOhd8

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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