Over the last few weeks, I helped my Father collect his grapes from the vines at home.  My Father is constantly fighting the raccoons. If a fan of Family Guy, it’s like watching Peter Griffin, fighting the Big Chicken, a never-ending battle. Yet this pest, the raccoon,  has more rights than people do. It would have been great if the grapes could have been left on the vine to mature a little longer. But before they ate them all, I harvested the grapes, pressed and allow the juice to ferment for the purpose of making wine. In approximately two months, if my writing starts to become more scattered you can assume the vino turned out decent.

Consequently, speaking about crushing, Inflation continues to run at breakneck speed. The recent increases in wages have more than dissipated as the cost of living soars. Coupled with the Central Banker’s antidote of increasing interest rates, it is the most vulnerable who will feel the effects.  The Federal Reserve is expected to increase rates by 0.75 basis points for the third consecutive time. The USD Index is approaching the 111.0 level but can the USD sustain its’ strength solely on the projection of interest rates continue to head higher? The accumulation of debt will have major consequences for all!

After this rate hike, increases could be more gradual,  by 0.25% throughout the balance of the year and into 2023. The target rate has now increased to (4-4.25%) from (3-3.5%). I still am convinced that there will be a major event coming before the crucial Mid-Term elections in America. I hope I am wrong and civility is restored.

Rates still seem fairly low but for individuals on a budget, the increases are devastating. Consumer loans allow financing for people who don’t have the equity available to purchase any high-end value-added product like a car. The loans are becoming more restrictive and expensive. We live in a society built on consumerism, filled with too many choices.  Out with the old and in with the new. It’s all about affordability which allows the economic engine to keep humming.  Unfortunately, the Gross Domestic Product (GDP) has been revised downward to (0.3%) for this year,  from the previous estimate of (0.5%). The output is very low for what is considered the largest economy in the world (U.S.A).

Times are becoming increasingly more difficult and one needs to question if this in fact has been a planned consorted effort by all Central Banks. Is the intention to bring changes by bankrupting our Nation(s)? Most have heard the words Universal Income, introduced in mainstream media. Being wary of the political choices we have, the wolf is sly and dressed in sheep’s clothing. The World Economic Forum (WEF) is unrelenting as well as highly influential. What many of us are witnessing are distractions as people are getting caught up in the meaningless dramas of life. Click below and listen to wants in store for Canadians regardless of which traditional Party leads this country (Time for real change);

https://twitter.com/MaximeBernier/status/1570071761038745602?t=B_BDeZ7XzTloTVZxoZkFVw&s=07

Absenteeism is already a huge problem and the etiquette of workers toward their employers could be deemed disrespectful. A business needs to serve its clientele and if those hired aren’t working when needed then this puts the business in jeopardy. Productivity has been sacrificed for subsistence living especially for people who feel entitled thinking the government should supply all without anyone willing to work toward personal goals and satisfaction. In Canada and the States, social safety nets are in place but are mostly riddled with abuse and corruption.  The spending is getting out of hand, that The Bank of Canada will actually be losing money over the next three years, how is this possible? Nothing in this world is free and as per usual, it will be the trustworthy Taxpayer paying the price for incompetence.  Click below and listen for yourself;

https://www.tiktok.com/@billmurrayrealestate/video/7144053223127600390