Growing up, we often listened to the words of wisdom from those closest to us, mostly our parents. They had the most influence in guiding the direction of our lives and ultimately resulting in the person we have become. The words of my Father still resonate with me today. I sometimes stand laughing at myself, when a particular situation occurs. Those words of wisdom I probably heard a million times pop up from the deep cortex of my memory playing over and over as if my Dad is still present. 

Speaking of the power of words, they become much more pronounced when a person in a position of authority conveys their thoughts. If you happen to be the newly elected President of the United States, the whole world will listen intently. 

Early this week, President-Elect Donald Trump did not mince his words. He was adamant and determined to bring substantial changes. Beginning with the closure of open borders and making those profiting from the illicit trades of drugs and human trafficking, all accountable. To create an incentive for other countries to act, an additional 25% tariff will be imposed on all imported goods from both Canada and Mexico. This measure is intended to get these countries serious about the borders until they are sealed and fully protected from these illegal activities.

Further, it was stated that an additional 10% tariff would be placed on China as they also are aiding the illegal migration from Mexico. Further, their special status as a Developing Nation will be eliminated. As I mentioned previously,  the World Trade Organization (WTO), anointed them with this special status with the blessing of Ex- President, Bill Clinton. 

Consequently, the exodus of high-paying manufacturing jobs left the country mostly for the benefit of Corporate profits. China, possibly ranked the #1 economy continues to benefit economically at the expense of people’s economic well-being. 

Words alone are meaningless but when actions take effect, the results will have a significant impact. China and Canada, experiencing a debt crisis within the real estate portfolio as well as personal debt levels. In Canada, the misdirected policies and crippling Carbon Taxes will only impede people from improving their financial situation. When Oil is the driving force behind a country’s GDP, cutting the main source of income without a viable alternative is just economic suicide!

Nonetheless, the words ushered were meant to provoke attention. Initially, the effect was powerful as currencies dropped 2% across the board and the USD Index soared above the 108.0 level. The Canadian Dollar imploded to the 0.7050 cent level. 

Today, Jobless Claims improved to 213k vs expected (217k) vs previous (215k). But Personal Consumption Expenditures (PCE) rise to 2.3% in October from the previous (2.1%). Lastly, Durable Goods Orders rose 0.2% from the expected (0.5%) in October.

Today, we see a calming effect as the USD Index slips below the 106.0 level. The price of Oil dips below $69/B, as CAD$ rebounds above the 0.71 cents level. The words echoed were a cautionary reminder to get your house in order as changes will be coming, like it or not! Hopefully, in Canada, it will lead to charges of corruption. Meanwhile, Bitcoin continues to be volatile as it fell back to USD$90k/Coin as the Hedge Fund’s and Bankers pray on those who Fear of Missing Out (FOMO). Today it recoups above USD$96k/coin. 

To all Americans, friends and families make this Thanksgiving the most memorable. Even peace is starting to find its way as Israel and Hezbollah call a ceasefire, I only can wish my words could be as powerful. 

Click here to listen to the clarity of meaning to get the job done: