Good morning
Is there ever a boring day in the world when it comes to the subject of money? What goes up eventually comes down or vice versa and timing is everything! What is transpiring in the world today could utterly be described as incredibly unbelievable. We live in a time when Lies become Truths and the truth is cast aside, unworthy of consideration. Even the once-trusted Media might have mesmerized its audience but it is rapidly losing the trust of those that once supported them. People seem to be waking up to the fact that the images they want us to see and believe have been staged to confirm the narrative they want to project as truth. Journalistic integrity has been compromised for the sake of profit, basically putting humanity at risk.
The week started with Housing Starts up 0.7% vs (0.3%) expected, in America but Building Permits were down (4.4%) in September. Meanwhile, USA retail sales beat expectations, up 0.7% vs (0.3%) forecast and previous was revised up from 0.6% to 0.8%. Is anyone feeling euphoric? Today Weekly Jobless Claims dip below 200k to (198k) vs expected (212k). While the US Philly Fed Mfg Index comes in at <-0.9> vs <-6.6> expected. The funny thing about the last figure the source stated that it is up, when in fact it is down because it is a negative number, Geez! We await direction from the Fed later today on future policy.
Meanwhile, in Canada CPI came in at 3.8% vs (4%) expected, possibly justifying the BOC approach. In my own personal opinion a fraud in the highest degree, as reality reflects the harm they have created. It seems like a consorted effort to destroy people rather than empower them. Further Canadian Raw Materials rose 3.5% in September and Industrial Product Index (MoM) rose 0.4%. Also, Canadian Mfg Sales (MoM) rose (0.7%) in August, further giving rise to speculation that the Bank of Canada could raise rates again at their upcoming meeting on October 25th. No relief in sight for consumers, especially those carrying large debt.
Keep in mind this past month we saw a steep decline in the price of gas, the largest component in the inflation calculation. The distorted outcome, no doubt when they tell us inflation is falling. Poppycock!
Click below to get some clarity on the pending crisis about to be unleashed within Canadian Society and most definitely in other parts of what we view as the Industrialized Modern world. Vince Gaetano from Owl Mortgages is well-versed in the money business and is witnessing the carnage firsthand.
https://www.instagram.com/reel/CybfGnVgznO/?igshid=MTc4MmM1YmI2Ng==
This clip below is even more revealing and disturbing to the plight Canadians will be faced with, due to absolute ignorance and incompetence from those in positions of power, stifling the growth of our Nation for the perverse ideology of an elitist group that isn’t even Canadian;
https://www.tiktok.com/@supermariozelaya/video/7280686033128148229
Nonetheless, the USD Index regained a strong foothold above the 106.50 level as Oil tested above $88/B but is now below $87/B. Meanwhile, Gold explodes higher as the war drums beat loudly, presently in the $1950/oz range as Silver sits around $23/oz in USD. Unfortunately, the Cad$ is manipulated more or less by USD strength or weakness rather than its own merit and presently dips below the 0.73 cent mark.
Lastly, in The United Kingdom, CPI holds at 6.7% expected (6.5%) in September, meaning even with interest rates rising inflation remains persistent! Be prepared, there is an economic storm brewing that will disrupt us all. No one will be immune. Keep in mind, the most important elements for life are food, water and shelter.
Click on this just in case you missed it:
https://www.tiktok.com/@supermariozelaya/video/7280686033128148229
I think I love you!