Canadians will be celebrating Thanksgiving this weekend. A time for family to come together and celebrate the bounty of the harvest. Being Canadian we have the luxury to even celebrate the American Thanksgiving in November as the winter solstice approaches. But this year, the table might not be as joyful as we would think. The people closest to us might be in a position of financial distress with the added burden of financial obligations.

Click below to get a stark reality check from a well versed Professional witnessing the suffering firsthand:

https://www.instagram.com/reel/Cx-ho3GgK9H/?igshid=MTc4MmM1YmI2Ng==

For many not fortunate enough to have family support, a decision to sell and reduce debt might be the only solution. Homeownership can once again become only a dream as the ability to maintain a property is getting out of hand for the average person or family. It was once considered a conspiracy theory, when the words uttered sounded like this, “You will own nothing and be happy”. It looks like these words could come to fruition and become a stark reality.

The present Liberal coalition government, in Canada, seems to have given the market an antidote but in fact, it’s nothing more than verbal diarrhea. Their latest announcement is a GST Tax break for developers who invest in Purpose Built Rentals. Of course, these initiatives will be supported by the Canadian Housing and Mortgage Corporation (CHMC) and ultimately funded by the Canadian Taxpayer. Do you see the intent? Its purpose is to house people in rentals and ultimately make them dependent on the government. Nothing more than a communist ideology subverting a free market. No wonder they keep passing regulations to censor what people see and hear. People really need to wake up and smell the poop this country is headed toward.

On Friday morning, Non-Farm Payrolls will be announced. Consequently, US Jobless Claims came in at 207k down from the estimated (210k), yet up from the revised (204k) previous week.  This number has steadily come down over the last few months making the assumption of a lower employment rate most likely. Unfortunately, this could be enough data ammunition the Fed might need to increase rates again at their upcoming meeting, striving for the unrealistic 2% target at the expense of jobs and growth. I wonder if it was a consorted effort around the world to delay a rate hike in order to tame the masses from the pending shock. Digest and stuff more down the throats of the participants at a drunken feast of debt accumulation.

As the anticipation mounts, the USD Index hovers around the 107.0 level. The USD remains firm as currencies falter versus the perceived USD strength. Keep in mind, that the many countries that make up the new association of BRICKS nations are no longer settling their payments for Oil in USD. This could be a valid reason why they are bent on giving the world the illusion of a stronger USD even though the National Deficit is upwards of $31 Trillion with no hope in hell to come down.

Lastly, the Canadian Dollar experienced a free fall commencing with the previous week’s GDP report showing no growth, going from above the 0.75 cent level to below the 0.73 cent level. The country is in a full-blown recession with things getting progressively worse. The price of Oil topped out around $93/B and presently is heading toward $81/B in less than a week (manipulation to keep inflation low?). Precious Metals are also under pressure as Gold dips toward the $1800/oz range and Silver slips below $21/oz., I personally believe this is a buying opportunity when the market is putting faith in a facade of reality when the USD is backed by nothing other than the government’s printing press.