The advent of Digital Currency and BlockChain technology has been propelled into mainstream consumerism. Bitcoin and Ethereum are the leaders in this sector and their valuations,  though volatile, have made people filthy rich. Personally, when Bitcoin was introduced to me by our IT guy at the beginning, this sector was worth pennies per coin. Do you think I would have been smart enough to invest? No not me, I rather throw it to a worthless penny stock with a wish and a prayer. A $1000 investment @ $0.50 cents would have yielded 2000 Bitcoins and at one point, if you never sold, you would have been worth approximately USD$120million on paper when it hit the $60k/coin level. The wealth generated out of thin air is now worth trillions. As such, visionaries like Elon Musk are trying to extract this wealth by accepting Bitcoin as payment for his Tesla vehicles.

Bold and beautiful for a Corporation, willing to extract untapped wealth by implementing hedging strategies and minimizing its risk. Blend the monetary systems to his advantage and ultimately increase the company’s sales, as well as its’ share price. A brilliant move from a position of financial strength by one of the richest people on earth.

Nonetheless,  there have been discussions by Central Bankers revolving around this blockchain technology with the potential of creating a new monetary system. They subliminally discuss studying digital currencies but their true intention is to roll it out en masse, once they can control the market. This monetary system will be able to document each and every transaction. There will be no escape from taxes owed or taking advantage of financial loopholes simply because the technology is transparent with nowhere to hide.

Recently, the Chinese Government released its own version of digital currency and banned Bitcoin altogether. Now other Central Bankers are considering the same and the question remains, what happens to your money and wealth for which you worked a lifetime for or with respect to generational wealth? Will it take a market collapse and the introduction of a Universal Income distributed to all citizens with the intention of allowing people to simply survive rather than live a carefree life? Productivity becomes meaningless if an entrepreneur can’t profit. The incentive for workers to be productive is eliminated.  There is no need to work toward a better life when the Government makes you dependent on them. There will be troubling times ahead and where to look first Shanghai, China as people are being locked down, imprisoned in their own apartments unable to fend for themselves and are being deliberately starved. Is this what’s in store for Western Civilization?

In Canada, the spring budget was released and a lot of initiatives with more spending, but listen to the expert  Mr. Gaetano from OwlMortage.ca provides his opinion on the budget. (Click below)

https://www.instagram.com/reel/CcF-rRwLPHS/?igshid=YmMyMTA2M2Y=

Inflation continues unabated officially around 5.7% in Canada, yet probably much higher. The Bank of Canada just announced a rate increase of (0.50%) not seen in 20 years, citing that the economy is moving into excess demand with tight labour conditions. This will increase borrowing costs for Variable Rate Mortgages and Lines of Credit. Consumer spending will curtail and families will need to make tough choices as the market has gotten out of hand. In my opinion, it has been the reckless spending of Governments and Central Bankers printing excess money. This could be considered an act of Treason. With zero accountability and transparency, it becomes the taxpayers responsibility once again. Absolute poopycock! Inflation will remain high throughout 2022, therefore expect more rate increases moving forward.

In America, US Annual Inflation soared to 8.5% expected(8.4%) in March. Consequently, even though they think it might have peaked the outlook for inflation is to remain north of (6.0%). For people earning a minimum-wage this is catastrophic because their wages are being eroded by the higher consumer products and subliminal tax increases. As prices increase so do the taxes paid on these goods.