Speaking of survival, in Canada, It’s the morning after the Bank of Canada (BOC) left interest rates unchanged. The BOC decided to hold the bank rate at 5% for now. By manipulating the Price of Oil, central bankers use this variable to justify their policy objectives. We have seen Oil take a beating from the recent high of $93/B toward $81/B. In Canada, CPI fell below 4% but the cost of essentials still remains between 5-7% higher.  People understand that the components of living are still costly as they struggle to make ends meet. Another increase will send many out of their homes and into tent cities. As a result, making the popular elitist phrase sound even more ominous, “You will own nothing and be happy”.

Unfortunately, society has put blind trust in the institutions that guide us.  I am not here to label anyone, it is just a fact that people’s freedom of choice and expression have been muted in a subliminal manner. Complacency is of greater harm when no concern is shown for the grotesque decisions being made without debate. Tactics are underhanded,  nothing less than criminal and a threat to Western Society’s standard of living. The allure of Socialism and fairness for all is a prelude to Communism. The productive people will continue to support those who want to remain unproductive and dependent on government handouts.

The  BOC’s decision is just a temporary pause. As my friend, Vince Gaetano from Owl Mortgage, alluded to, in the previous week’s post, the bulk of mortgage renewals won’t be coming due until the end of 2024. Keep in mind, that many are carrying significant debt at rates between 2.50%-3.50%.

Not only is this a fact, but many have accumulated even more debt on HomeLine of Credit to make up the shortfall. It was simple, in the last twenty years of appreciation to simply refinance. Now we are entering a phase where we are seeing negative amortizations whereby the mortgagee is paying more than what the home is valued at and becoming a financial slave to the Banker.

First and foremost, a mortgage should be decreasing in time. In reality, many can’t keep up to make payments and are being forced to extend the amortization to maintain their lifestyle. This was never allowed previously, but the bankers are colluding to protect their cash flow and stop an implosion in the value of real estate.

I hate to be the bearer of bad news but once the reality of new rates hits those renewing, many might be forced to sell. A lot more inventory will hit the market, sending prices diving. Also of concern is the Loan to Value ratio (LTV). If the money lent by the bank is greater than the value of the property, the bank will take huge losses. Power of Sales will increase and the saying, “One’s man’s junk will become another man’s gold”, will become a reality. This could be devastating.

Click below to get a reality check of where we are in our Industrialized World when looking comparatively to the Money Supply controlled by the Central Bankers and those that are guiding us;

https://www.instagram.com/reel/CyuHD-MPd6L/?igshid=MTc4MmM1YmI2Ng==

There are definitely many distractions and war seems as the simplest tactic to divert attention from the economic and social issues plaguing us today. With War drums beating the flight to safety continues as the USD Index marches toward the 107.0 level.  The concern of the Recession is causing Oil to dip at the present time below the $83/B level. To reiterate, it is the biggest variable in the inflation index, so it’s manipulated to justify the central bankers’ policy.

Consequently, the clip above mentioned that the unemployment rate during the Great Depression reached 25% while the money supply was <-12%>, the illusion of an American Unemployment rate below 4% and Canada within the 5% range is strictly that, an illusion. People have to take on secondary jobs and work more hours or the Government creates employment as they continue to spend blindly to maintain power. The only person to trust is your Mother.