The World As We Know It Is About To Change. Money Has No Value When There Is No Respect For Humanity!






The Currency Korner        
By -The FX Specialist-
Philip J. Magnoli

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FX Specialist Insight
-brought to you by Philip J. Magnoli
 An expression of thought; Oct. 3, 2024
——–The Currency Korner——–

The Way I See Things

Volume 10 Issue 1

“The greatness of humanity is not in being human but in being humane.”                             

   – Mahatma Ghandhi

 

Good morning,

I just woke up with this thought, was there ever a moment in your relationship that your spouse/partner had the confidence to tell you, “Where would you be if I wasn’t in your life today?” I would probably respond, richer and thinner. But then again, experiences are priceless. Summer in September has passed in the blink of an eye, probably the most amazing September I have ever witnessed. 

This could be a prelude to an awesome fall with mushrooms sprouting everywhere. The magical mushrooms will appear once the cold weather and a little rain settle in. Of course, be aware and avoid eating ones that you aren’t familiar with. In Ontario, poisonous species are rare. But if you are lucky to find a porcini mushroom your linguini will taste better than you could ever imagine. 

Speaking, of mushrooms, the world is in a precarious position as the unthinkable has occurred. Will we see another mushroom cloud upcoming as Iran has attacked Israel with a barrage of ballistic missiles on the eve of the Jewish New Year? Nothing good will result, other than more death and destruction. This is a retaliatory attack, that the Americans were informed of prior as the Iranian regime tries to save credibility. The question I pose, is what good is money when the very existence of humanity is at stake? Food, shelter and water are the main necessities to live. People cannot remain oblivious or complacent anymore! 

Click here and watch history in the making:

https://www.instagram.com/reel/DAls2G2PuV5/?igsh=MW9rZTAyNjg1dTB1ZA==

The markets haven’t seen a reaction as of yet, nor has Israel retaliated. Rest assured, the response will be devastating and could result in many Nations coming to the aid of the combatants, plunging the world into chaos. 

Red October has arrived, I don’t mean to be pessimistic but this month is a prelude to one of the most pivotal elections in World history. Distractions will be plentiful,  planned to deliver chaos, disrupt communications and yes, curtail election results. The unimaginable is going to happen, just be prepared!  

Recently, in mid-America, a weather catastrophe has also wiped out communications in 5 mid states. Regions have been isolated with no access as supplies are cut off for basic survival. The government response has been atrocious.  It has been the gracious acts of private individuals that have helped those in desperate situations. Mainstream media is not even reporting. Yet could there be ulterior motives involved? 

Click for an interesting perspective;

https://www.facebook.com/share/r/ma8ZT2f8Xwogp1Pc/?mibextid=VMBKnz

Putting, the value of money aside, the proliferation of wars over peace is dumbfounding. As is always the case, the world flocks toward safety. The USD is considered the bellwether and benchmark of global economic trade yet it provides a false sense of security.  There is no substance behind the currency which is saddled with 34 trillion dollars of government debt. An inescapable reality of an economic collapse is forthcoming. 

The concept of globalization has been an utter failure. All it has done, on a global stage, is take advantage of people, making them work longer, for less money and no benefits. So-called educated people are working at minimum wage jobs, forced to go into debt to cover expenses at interest rates that are ridiculously high. People of all walks of life are being taken advantage of as a handful of elites profit from the blood, sweat and tears of the less fortunate. Human dignity has disintegrated as power and money produce havoc to control the plight of free will. 

Meanwhile, the USD Index rises above the 102.0 level, maintaining the USD strength. On the other hand, Oil originally dipped below the $70/B level but now rises above $73/B as the largest Oil fields in the world are about to be taken out. Jobless Claims Rise in America to 225K from expected (220K). Consequently, Precious Metals retreat on the renewed USD strength but rest assured the precious metals will rise just like the sun does every morning. Presently around the USD$2650/oz, range. Lastly, the CAD$ remains firm in the 0.74 cent vicinity as we await the Bank of Canada announcement. Look for another 0.50 basis pip drop as Mortgage Armageddon is approaching. If you are in one of those expiring mortgages DO NOT ACCEPT A RENEWED TERM. Rates will continue to fall because the economy is a disaster, enjoy the continued saving until the end.  Then approach a reputable Mortgage Broker for assistance to manage debt. 

Please pass it on as I can always provide the most advanced services, knowledge, efficiency, expertise, and integrity. Referrals are welcomed and greatly appreciated.

… Don’t Forgetta bout Me!!!!

Foreign Exchange Service is my Specialty.
Direct# 416-992-7765

Contact Me Direct via email at phil@aloris.ca

Don’t Forgettaa about Me!!!!

Sincerely,
Philip Magnoli – The FX Specialist-

Direct:     416-992-7765 
Email:    phil@aloris.ca          

Opinions expressed within are that of the author alone and do not reflect in any, way, shape, or form, any Company I choose to associate myself with. This is the intellectual property of Magnoli Financial Services Corp. www.donfilippo.ca 

 

 
 
 

 
 
 

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