A popular Italian expression that I grew up with amongst my childhood friends, is “Ce non prove, non trouvé”, meaning if you don’t try you will never find. That applies to almost everything in life. It’s the only way to discover your true purpose in life. Don’t let fear stand in your way, otherwise, you will question yourself with the famous words of could’ve, should’ve or would’ve. 

The month of March has been eventful, to say the least. The rage has been the discussion of tariffs and how they will affect the working class globally. The inflation that was created by governments with overspending and central bankers printing unlimited amounts of money, has made the cost of living soar. It is an issue that won’t go away because, in reality, variables are manipulated to provide the outcome they seek. As I mentioned many times before, Oil is the biggest variable in the calculation. 

In reality, people, shouldn’t be lined up at Food banks or living in tents, especially in countries with massive amounts of wealth. But as is often the case, those in power tend to discard the have-nots and look toward feeding their sense of entitlement with the power acquired. 

Many people who work pay their share of taxes, and most expect a rate of return on their investment (ROI). Therefore wouldn’t it be appropriate to audit the expenditures of governments ( that represent the people) to make sure the monies spent, actually are accounted for and work for the benefit of the masses? 

In America, the initiative of D.O.G.E (Department of Government Efficiency’s) has been mandated to analyze the expenditures of all government-funded organizations. Surprisingly, absurd amounts of waste have been discovered yet there are many upset at what exactly? Especially, those getting paid for doing nothing? Supposedly, taxpayers are in line for a rebate of USD$9k/taxpayer, I wonder how many of those objecting will refuse to cash their checks? 

Maybe this is a precedent all countries should follow to improve the systems of vital services overall. If this happens in Canada, I am sure taxpayers could receive over CAD$100k/taxpayer. It would make us all feel like a Banker or Entitled Politician. 

Click below for a quick history of the rise of the Central Bank and how deficits evolved(you will not be disappointed):

https://www.facebook.com/share/r/1AXcQqBMHw/?mibextid=wwXIfr

At the height of inflation and the soaring cost of living, especially in Canada, increased taxes had a negative impact. It is so sad, that now when there is an election on the horizon, they all pledge to cut taxes to make life more manageable. Poppycock! 

Durable Goods Orders came in better than expectations in America. The +0.9% rise in February was better than the expected <-1%> previous (+3.3%).  EX- Transportation (+0.7%), EX -Defense(+0.8%), this signifies that the growth is broad-based and that all sectors of the economy are being revived with confidence in spending. 

Weekly Jobless Claims came in at 224k versus the previous (225k).

The USD Index remains firm above the 104.0 level. Currencies weaken as the threat of tariffs looms and job losses are sure to mount. The markets are concerned about inflationary pressures and has the price of Gold hitting a new high, just shy of USD$3060/oz. On the other hand Silver races decisively above the USD$34/oz level, making our dental fillings more valuable. The price of Oil remains below USD$70/B as the CAD$ remains below the 0.70 cent level on overall renewed USD strength.