Good afternoon,
Today, in the faith I was raised, we enter November a month dedicated to celebrating those who have passed on to the afterlife. Also referred to as the month of the dead we kick off the festivities by celebrating All Saints & Souls Day. It isn’t the optimal time of the year to get married, but, I did and now I am soul-searching for meaning in how things could have possibly gone so wrong when it felt so right.
Nonetheless, the world is in chaos as we need to seek meaning in how events transpire. Keep in mind, that there are forces in our world that are completely evil. They strive to bring destruction to humanity as if playing a board game of war while people are only considered worthless pawns. Humans become collateral damage from those playing god with our lives.
It’s all about control and in today’s world, the modern version of the Trojan Horse has infiltrated governments subliminally through the ballot box, a coup d’état designed to carry out agendas that are not for the benefit of society but rather the degradation of humanity. What was once wrong, is now right and what was right is cast aside as unworthy of consideration.
Everyone in life has a different path to follow, here I go quoting my Father, “No two people are alike and numbers never lie.”. The truth of the matter in his field of construction is that if the calculations weren’t precise the project would fail. When applied to the state of affairs of society, specifically in Canada, we can observe the economic impact of the monetary policies that guide us. My friend, Vince Gaetano a Principal from Owl Mortgages, presents factual data that has become a reality to many. The Bank of Canada (BOC) monetary policy has affected the general population in terms of affordability, as such reality hits home;
- Food bank usage is up 32% YoY in Canada.
- 50% of the increase is in Toronto
- 16.7% have employment income
- 7.7% are homeowners
- 48.3 % are families with kids
Result- Canada is broken and now officially in a recession.
Keep in mind, the difference between Canada and the United States is the fact that Mortgages in Canada have shorter terms, usually between 1-5 years at most. Whereas in America, they can carry 30-year terms at fixed rates. As a result, the higher interest rate environment will have a greater impact on Canadian Households than it will on American Households. Last week BOC left interest rates unchanged, citing a dip in CPI to hold tight yet leave the door open for further rate hikes. Their projections are disguised as educated guesses but the truth of the matter, is they simply play a game of darts with people’s lives by hitting or missing, I conclude they have failed miserably!
This afternoon the Federal Reserve just announced they will leave rates unchanged as well. The charade of guessing if they will raise rates will continue as usual, providing the element of surprise to keep the USD buoyant and away from imploding. Meanwhile, the Housing Price Index rose 0.6% in August, Mfg PMI fell to 46.7 from 49 in October and ADP Private Sector employment disappointed at 113K expected (150K). As wars continue to spread, money is spent, people are denied necessities and censorship is imposed on us all.
Click below to get a glimpse of the reality of numbers;
https://www.instagram.com/reel/CzFWDijr9MU/?igshid=MTc4MmM1YmI2Ng==
With War drums beating the flight to safety continues as the USD Index surpasses the 107.0 level. The USD strength has taken the wind out of the sails of Precious Metals as Gold dips into the 1970’s/oz range and Silver into the $22/oz range. All currencies drop significantly vs the USD. There are mixed messages with respect to Oil. The Recession causes Oil to turn negative as it slips toward the $80/B level and once again toys with supply causing havoc in pricing and the CAD$ slips toward the 0.72 cent level. I continuously state that the manipulation in pricing is the biggest variable in the inflation index, so it’s trying to justify the central bankers’ policy. Pray for peace and never forget what has transpired over the years. Justice will prevail and those responsible for carnage will get No Amnesty or Mercy!
I think I love you!