I hope everyone had an amazing Thanksgiving, a plentiful harvest and exceptional weather presented the perfect conditions. Most likely, if you are like me your eyes were probably bigger than your belly. I was stuffed like a piñata as nothing is better than a great meal with family and friends. I can think of other things but let’s not spoil the thought of those amazing turkey sandwiches and soups we will enjoy for the next week. After all, it’s about traditions. I love this time of the year with all the magical colours and crispness in the air. It’s a time when you don’t need air conditioning or heat, as a result, keeping the household expenses in control. 

Unfortunately, this isn’t true in my home. I don’t think my daughters have good circulation in their torsos. When the cheese is too good there is no need to move their bodies. Instead, they place themselves squarely in front of the gas fireplace spewing heat and accelerating my carbon tax contribution on my bill. I don’t understand why the government is taxing a clean form of energy, to begin with. Nonetheless, the Ice-castle, which is my home turns into a hot yoga studio as if it is a tropical paradise. Nonetheless, here we are back to reality. 

On Tuesday morning, a prelude to decision-making for the Bank of Canada(BOC) was the unveiling of the Consumer Price Index (CPI). It declined well below the target level of (2%) to 1.6% in August. The manipulation game continues as they try to justify the stance they took when they raised rates exponentially, suffocating many while inflation roared. The BOC will lower rates next week, Wednesday, as they project an imagegry of a healthy economy which is desperately stalling.

As if by magic, the drop in inflation is directly related to the implosion in Oil prices. The Central Bankers are the root cause of our economic plight. They facilitate the promotion of debt upon governments and taxpayers as they profit at everyones expense. You can only push people so far!

Even though the BOC is justified in providing a greater rate cut, most likely 50 basis points, the intention might seem to be providing debt relief. The Canadian Unemployment rate dipped to 6.5% from the expected (6.7%). Seemingly, the economy is humming along as 46.7k jobs versus (22.1k in August), were created. Mostly, from the Public sector taxpayer money. 

While the BOC is riding the wave of justifying their actions by claiming inflation is under control. The pigs are getting ready to eat from the trough because when credit is available people cannot resist or live within their means. Another display of smoke and mirrors, as they provide an illusion that their stewardship scheme is working. The damage has already been done as the country faces an epic crisis in mortgage renewals. 

We are roughly 20 days away from a pivotal election in the United States. The topic of tariffs once again is raised. They are demonized by globalists and multinational corporations because the cheap source of production could be compromised. 

As a young man, I remember watching people a little older forego higher education for an opportunity to work for a BlueChip company. The lure of a pension with benefits was enticing and educational upgrades were provided at the company’s expense. Wages were premium and lifestyles improved or better than the average person’s. 

Consequently, once the World Trade Organization incorporated tariffs, promoted by then President, Bill Clinton in 1999, a shift and decay in economies occurred, especially in the manufacturing sector. By implementing a 25% tariff on exports to developing nations, it provided the illusion of fairness and equity. Yet, imports from developing nations only applied a 1% tariff. As a result, all those great jobs were exported abroad not for the benefit of balancing the world economies but for amplifying Corporate profits. All of a sudden, there was no need to pay high wages or benefits, the obligations evaporated. To this day, China, the #1 world economy is still considered a Developing Nation.  

The discussion of tariffs is being demonized through the media that is controlled by the very wealthy. The protection of manufacturing bases would promote homegrown companies and allow them to flourish. Investment would return as well as quality control. People will pay for superior products but it doesn’t have to be at the expense of individuals livelihoods.