Nonetheless, the USD Index is in the 101.0 vicinities as the currencies surge based on overall USD weakness. Precious Metals remain flat and Oil slips below $76/B. Presently the Canadian dollar hovers in the 0.73 cent range.

The calm before the storm? As we await GDP results, the Americans haggle over the debt ceiling plan ahead of the June expiration, another distraction. Meanwhile, the markets anticipate another 0.25% increase in May before the Fed signals a reverse trend in interest rate direction.

Meanwhile, is there a banking crisis occurring? Unless we are directly affected in a negative way, people, in general, will remain complacent. We will continue to go to work, earn our pay, then pay our expenses, hopefully, eat quality food and possibly enjoy the fruits of our labour by doing something enjoyable.

Western societies have been very trustworthy of the Banks. They are the places we have traditionally entrusted to park our money and a place that charges those with money to pay for the service of using it.  Society glorifies them for the Billions of dollars they earn quarterly and we have come to believe that a strong financial sector is the cornerstone of a successful economy for the Nation.

Yet in reality, once our money is deposited, 90% of the funds are incorporated in investments that the general public has no idea where their money has been placed. The mirage of Depositor Insurance provides a false sense of security, especially for those that have liquid assets. It would be shocking and unimaginable if there was a Banking Crisis and people were denied access to their money.

In China, people have been waiting a year or longer to try and get compensated for their lost deposits. In America even though it has taken only days for depositors to get access to funds, it was because government regulations, protected the depositor up to a limit while the investor simply got screwed out of the investment. It boggles my mind how Billions of depositors’ money can simply disappear and the taxpayer is held responsible to reimburse the mismanagement of wealthy directors responsible for the collapses.

Are Canadians too trusting? After all, the banks are too big to fail. The public is never cognizant of what is actually happening behind the scenes but let me tell you we are living in a mirage. Mr. Gaetano, from Owl Mortgages, provides a glimpse of the potential chaos forthcoming. First of all, CIBC has an exposure of $52 Billion in variable mortgages in which holders aren’t even able to pay the interest. They have created negative amortization which means rather than decreasing the amount of money owed over time, they are just extending the time period and burden upon those wanting ownership. Click below for a little more insight.

https://www.instagram.com/reel/Cqp7sz8AFgz/?igshid=MDJmNzVkMjY=

Secondly, in the next clip, Mr. Gaetano reflects on the tools that have been handed to the banks to avoid a total inversion in the housing market. It is imperative that you listen for yourself.  An influx of inventory will implode housing prices, banks don’t want to sit on a depreciating asset, they need income. It could mean massive losses or the potential that Canadians see Bank failures. Never say never! It would be a great way to introduce the Central Bank Digital Currency (CBDC), nobody loses or do we lose our autonomy?  Please click below.