History needs to be applauded not discarded so that generations understand the reality of our circumstances. Many of us were shielded from witnessing the carnage or feeling physical pain.

A generation has grown in the grasp of entitlement believing the world owes them for their very existence. Many of my generation were born to new immigrants who came from war-torn experiences. Many faced hunger and saw things that today we would be horrified to witness.  Even these new immigrants became grateful for the opportunity to raise a family and have a life of freedom with the hope of education for their children to rise from the shackles of poverty into a world of plenty. 

Today, with many conflicts having erupted throughout the world in the last three years, the agony is also being felt financially. Presently, an even larger issue is the state of the global economy. The reality is that we are in a Recession in many parts of the world but no one wants to acknowledge it. There have been three consecutive months of negative growth which defines a recession but we live in a world where numbers become meaningless and people don’t count. Central Bankers’ policies and decisions made by governments have deliberately caused much of the negative economic damage we are now experiencing. Ultimately, to the detriment of our Nations and our citizens. When the most vulnerable are using Food Banks and asking management how they can apply for assisted suicide, you don’t have to be a smart person to understand there is something desperately wrong.

One of the largest consequences is the rise in inflation. Not only is it reflected in high prices, but it also results from the continuous printing of money. In turn, this excess in the money supply devalues the actual money thus causing an increase in pricing for the limited goods and services available.

Click below to listen to the reality of the situation we find ourselves in today:
https://www.instagram.com/reel/CzCPrEMPZ_d/?igshid=MTc4MmM1YmI2Ng==

I just find it incredible how the European Central Bank(ECB) states unequivocally that recession was not part of their strategy. Yet here we are as they promote Climate Change as the biggest threat to our existence and the cause of inflation.

In Canada, a mini-budget was presented to outline the direction and present the reality of our state of affairs.  Canadians should be up in arms, not applauding the complete mismanagement of our country! It was announced that $46.5 Billion in interest costs is being spent to service a Federal Deficit of $1.21 Trillion, this year alone. This amount is 33% higher than the $35B paid last year and a fraction of the $60.7 B to be paid in 2028. Overall, this interest cost is 75% greater than the $26.5B they estimated for this year. They are deliberately trying to bankrupt us all to usher in a digital currency, mark my words. This system will collapse, it’s a matter of when.

Absolute, incompetence and they will walk away unscathed from a disaster. Plus they will quadruple the Carbon Tax because Canadians fear Climate Change. My friend points out that prior to Covid wealthier people had 4 months of savings as a reserve. During Covid lockdowns, people’s savings actually increased to 8-12 months (those earning significantly higher incomes). Now it’s just a matter of time before these individuals catch up to the rest. As the cost of borrowing and goods continue to rise unabated, no matter what one earns the money along with its value, will erode.

Later today, we await the Fed Minutes, to give direction on Interest rate policy as we head into the busiest shopping period of the year. Retail Sales are expected on Friday. Jobless Claims were lower to 209k than expected (225k) showing a resilient labour market. But let’s call a Spade a Spade. Many have to take on secondary employment to meet financial obligations.