The Federal Reserve did what was expected and made the anticipated announcement on interest rate policy. Even though inflation is still running rampant, they lowered rates by 0.25% and took a cautious approach to lowering rates further into the New Year. It will be a test of wills once Trump is inaugurated. Maybe only then will the central banks globally cease to exist and finances be put back into the hands of the people.

Immediately, the USD soared above the 108.0 level. The strength in the USD was fueled by the assumption that interest rates may not be coming down as quickly as previously thought. 

Consequently, the markets are projecting a diversion in interest rate policies as other countries aren’t experiencing the same economic growth rate. This morning, the USA’s annual Gross National Product (GDP) came in at 3.1% vs. expected(2.8%). Then, Jobless Claims came in at 220k vs. expected (230k). Unfortunately, I can only assume most of this growth stems from the obnoxious government overspending, inflating the employment numbers of mostly public servants, which cannot be sustainable! 

Speaking of Finances, the Canadian government has put Canadians into a financial debt crisis.  Besides a National debt of over 1.4 Trillion dollars, the Government debt which supposedly had guardrails at $40 Billion, has surpassed the $62 Billion mark. Absolutely, ludicrous! Combined with the $ 50 billion which is needed to service the National debt/year, Canadians are screwed for generations to come. 

Supporters of this Treasonous Government are to blame. I believe we have experienced the modern-day Trojan Horse as people loyal to the World Economic Forum (WEF) and elites have infiltrated every level of government. They are not concerned for the prosperity of Canadians but carry an agenda provided by entitled elites in how they want the world to function.  Everyone in this country should be up in arms for what has transpired! 

Nonetheless, we move on and try and pick up the pieces. Hopefully making these criminals responsible for their crimes and mismanagement! There will be at least 1 (one) million mortgages up for renewal in early 2025. Unless, these mortgages go into negative amortization, meaning adding years to the debt load. The result could see many homes coming onto the market. 

The focus in Canada has been to develop rental properties. “You will own nothing and be happy”, sounds like the prophecy is becoming more realistic. The Canadian Mortgage and Housing Corp (CMHC), has provided 50-100 year loans to developers @ 2%, as an incentive. This is from what I was led to believe by a person within the building sector, who remains anonymous. Sounds like tax money is being used to imprison people into being dependent on the government for the balance of their lives.   

After the announcement, the USD Index exploded above the 108.0 level as Precious Metals retracted significantly. Gold is below the USD$2600/oz level and Silver is below USD$29/oz. On the other hand, Oil jumps above USD$70/B while the Canadian Dollar lags toward the 0.69 cent level. Snowbirds will feel the pain and even if Trump was joking about Canada becoming the 51st State, if we can’t manage our affairs, we might not have an option. 

I overheard someone mention that the wages earned between Americans and Canadians were even 10 years ago. Since then the average take-home pay has widened by approximately CAD$30k. Canadians have become overburdened with debt and extreme taxation stifling independent growth. 

The Bank of England left interest rates unchanged not following the lead of the European Central Bank (ECB) as inflation remains persistent. On the other hand, Bitcoin dips below the USD$100k/coin level providing some hope that we might have a White Christmas after-all. Keep in mind, that there is always pain before pleasure. 

 Lastly, I would kindly ask that for Christmas you take the time to watch, with your families, a production that my daughter created. It soon can become a Christmas Classic. Spread the word and good cheer! Watch it, I expect your feedback.