Consequently, Jerome Powell, Chairman of the Federal Reserve makes no apologies for the state of affairs that not only America is experiencing but practically everyone around the world. The cost of everything is rising and the only way they know how to tackle it is by increasing rates aggressively.

Keep in mind, that this mess was created by all Governments and their deliberate mass spending accelerated by the Central Bankers. The initiative was to print money without regard for the potential consequences under the guise of a Pandemic. They infused close to $6 Trillion into the system without concern for accountability or transparency to the taxpayer. These acts are the sole reason for the hyper-inflation we are experiencing in the world today. NOT the Russian/Ukraine war as the media, especially CBC Radio 99.1FM is trying to make you believe. Absolute POPPYCOCK! BTW sanctions have failed and the Russian Ruble from imploding has risen to an all-time high as revenues increased by $ 11 billion/month.

Nonetheless,  Mr. Powell is committed to acting accordingly without consideration of the size of the next rate hike. Nothing is off the table while inflation from Government statistics sees inflation approach 9%/annum in reality probably higher.  He will act regardless of supply chain issues and simply put, it will be a challenging time to reach the 2% target that all Central Bankers technically want to maintain.  The effects of the rate increases have already impacted housing prices fairly quickly. This could be devastating, especially to households living from paycheque to paycheque while the value of their home erodes. Re-financing will virtually be impossible and if they do qualify, rates will be even higher as a result costing families their homes.  This is exactly how to improve homeownership for everyone? Rents in some USA Cities have increased by 25% as market forces take precedence where rent controls don’t exist as more lose their homes.

The Biden Administration in desperation has called for the gas tax to be repealed for three months. They will also ask The Saudi Producers to increase production? What happened to concern over the environment and damage from carbon pollution? Wasn’t this his first deed in Office as President, to cancel the Keystone Pipeline and mothball energy projects in America? An agenda with no foresight but to basically appease the tree huggers?

The notion of green energy as a sustainable source is a pipe dream, for now, that is until a storage system can be developed to capture it and maintain consistency. Presently, these environmental issues sound noble but they are initiated by Elitists who want to control the new Green Industry and collect Royalties at the expense of every living human. Imposing Carbon Taxes has been the start as Finance Ministers can’t even tell the people how much it will cost the average family per year nor how the funds will be applied to tackle the myth (my opinion) of what is Climate Change. All they repeat is that it is revenue-neutral.

Today Canadian CPI hit a 39-year high at 7.7% expected (7.4%) giving the Bank of Canada (BOC) more ammunition to increase rates. Meanwhile, the Cad$ maintains the 0.77 cent level as Oil implodes toward the $101/barrel level. In Canada, there is no such reprieve on Carbon Taxes as Trudeau and a Finance Minister in conflict of interest seem more concerned about the WEF and other Global Organizations rather than the issues at home. It’s a tax grab to destroy the middle class and that is exactly what it will do if allowed to continue. The rich people will continue driving gas-powered cars or have private jets to travel without concern for the cost or damage to the environment. Yet the majority of people cannot see it until they become victimized themselves.

Click below;

https://twitter.com/realmonsanto/status/1538867613140402176?t=wXkN7PfRoX-2-YiQpd5ctQ&s=07

Here is another humanitarian crisis taking place in Canada’s East Vancouver and a mirror image in  California cities.  (It’s appalling and irresponsible!)

https://www.tiktok.com/@bcbikeboard/video/7111780479296163077?_r=1&_d=secCgYIASAHKAESPgo8yvOXSzC%2By9Mc6tt%2Fdehpf47w3dTESnt0M5ey8aZNe%2B72D7j1zaBm2OoNNsh0TnedLbj66RHZ1%2FTc7CEEGgA%3D&language=en&preview_pb=0&share_app_id=1233&share_item_id=7111780479296163077&share_link_id=96751751-558E-4873-A08B-B2C52D7A55EC&source=h5_m&timestamp=1655876717&tt_from=messenger&u_code=0&ug_btm=b2001&utm_campaign=client_share&utm_medium=ios&utm_source=messenger