Every day, some distraction deliberately keeps the public in a state of confusion. Recently, you may have heard about resignations at the British Broadcasting Corporation (BBC). They act as an extension of the British government and were implicated in foreign election interference. Consequently, the real story lies between the British Globalist grip of an Imperial System that turns people into consumers and dependency, versus a new economic system based on productivity. 

The Trump Administration’s economic revolution is threatening the British Globalist system, which controlled both sides of the divide after the Cold War. In 1971, the Americans surrendered to Imperial Globalist policies like Freetrade, floating currencies and radical environmentalism, controlled by global organizations costing billions if not trillions of dollars over time. 

After World War II, the Bretton Woods system was established in 1944. The USD became the benchmark currency for the world. The USD was backed by Gold, and the price was set @ $35/oz. This was known as the Gold Standard. At the same time, the International Monetary Fund (IMF) and the World Bank were established. 

In 1971, when the Gold Standard was abandoned under pressure from London, the financial centre of the world, hyperinflation became prominent. There were heightened cycles of boom and bust. Many serious economic events occurred, making the crisis seem normal. At the same time, the World Economic Forum (WEF) was also established.

When currencies became an object of speculation, governments and economies became increasingly unstable. As a result, over the next 50 years, affordability became the real issue, driving a divide between the rich and poor. 

Below is a list of events that have affected all ever since the Gold Standard was abandoned. The list is long, but I thought the references would provide a perfect visual. Please enjoy the educational content.

1970s
1970s energy crisis
OPEC oil price shock (1973)
Energy crisis (1979)
1972–1973 Indian economic crisis
1973–1975 recession
Secondary banking crisis of 1973–1975, in the UK
1979–1980 Indian economic crisis
Latin American debt crisis (late 1970s to early 1980s), the “lost decade.”
1980s
Early 1980s Recession
Crisis of 1982, in Chile
1983 Israel bank stock crisis
Japanese asset price bubble (1986–1992)
Black Monday (1987) US stock market crash
Savings and loan crisis (1986–1995): failure of 1,043 out of the 3,234 S&L banks in the U.S.
1990s
Special Period in Cuba (1990–1994)
Early 1990s Recession
1991 Indian economic crisis
1990s Finnish banking crisis
1990–1994 Swedish financial crisis
Black Wednesday (1992)
Mexican peso crisis (1994)
1997 Asian financial crisis
1998 Russian financial crisis
1998–1999 Ecuador economic crisis
1998–2002 Argentine great depression
Samba effect (1999) Brazil
2000s
1998–2002 Argentine great depression
Early 2000s recession
Dot-com bubble (2000–2002) (US)
2001 Turkish economic crisis
September 11 attacks (2001)
2002 Uruguay banking crisis
2002–2003 Venezuelan general strike
2006–2012 New Zealand finance company collapses
2008 financial crisis
Great Recession (worldwide)
2000s energy crisis (2003–2009) oil price bubble
Subprime mortgage crisis (US) (2007–2010)
2000s United States housing bubble and 2000s United States housing market correction (2003–2011)
2008–2010 automotive industry crisis (US)
2008–2011 Icelandic financial crisis
Post-2008 Irish banking crisis
Great Recession in Russia
2008 Latvian financial crisis
Venezuelan banking crisis of 2009–2010
2008–2014 Spanish financial crisis
2010s
European debt crisis (EU) (2009–2019)
Greek government-debt crisis (2009–2018)[6]
2010–2014 Portuguese financial crisis
Black Monday (2011)
2012–2013 Cypriot financial crisis
Crisis in Venezuela (2012–now)
Russian financial crisis (2014–2016)
2014 Brazilian economic crisis
2015–2016 Chinese stock market turbulence
Turkish economic crisis (2018–current)
2018–present Argentine monetary crisis
2020s
COVID-19 recession / Economic impact of the COVID-19 pandemic (2020–present day)
2020 stock market crash (2020)
Lebanese liquidity crisis (2019–present)
Sri Lankan economic crisis (2019–2024)
Chinese property sector crisis (2020–present)
Pakistani economic crisis (2022–2024)
German economic crisis (2022–present)
Economic impact of the Russian invasion of Ukraine
2025 Stock Market Crash (2025–present)

The results have had an enormous impact over time, as the storms have been weathered after decades of economic devastation. The Central Banks of the World are the major culprits that fuel many of the issues we experience today. Access to debt or the act of printing money becomes the means to deliver programs governments can’t afford. 

Click here to better understand the changes occurring; (listen)

https://youtu.be/Ofg-609wlxg

Societies are living well above their means, and when debt levels are out of control, collapse is imminent. Canada is on a trajectory that will not end well. Unfortunately, it will take an economic meltdown to make people understand the concept of deficits. People will be standing frozen in the middle of the road, like deer, when headlights approach. The shock could be devastating. 

Consequently, societies have seen the Middle Class slowly eroding. The division between the rich and poor, greater than ever. Affordability, coupled with the overtaxing of incomes, has become increasingly difficult. The ability to buy a home is becoming next to impossible for the average working family. 

My friend Vince Gaetano, Principal @ Owl Mortgages, was recently invited to Ottawa to provide his opinion on the housing crisis. Click below and listen, he has a great ability, not to mince his words and speaks with clarity.  

https://www.instagram.com/reel/DRMp80wjcmg/?

The Imperialist system and an order-based economic system are clearly under pressure. Adversely, with nearly $20 trillion invested within the USA, a major shift is occurring with control and influence on the result. The Canadian PM has been unleashed to contradict the Americans at every turn, trying to maintain the rules-based system with loyalty to the Monarchy. Some might even question his intentions as he says one thing and does something contrary to the benefit of his own country. 

Evidently, the Americans would like to see the USD weaken so that the goods being produced will become more affordable abroad. Being competitive on a global scale and opening up markets with the use of tariffs will provide the access required to remain competitive. Now we will see where the chips will fall and which economic system prevails. 

The week started with the announcement of U.S. Retail Sales up 0.2% versus the expected 0.4% in September. This was much lower than the 0.6% seen in August, but overall Retail Sales remain strong at 4.5% for the year, and are waning. 

Then the Producer Price Index (PPI) rose to 2.7% vs the previous 2.6%. Less volatile food and energy were up 2.9% expecting 2.7%, which is concerning. 

Finally, the U.S. CB Consumer Confidence Index was revealed and hard to 88.7 from the previous, which was upwardly revised to 95.5. All of a sudden, there are shouts to lower rates immediately. 

The USD Index dipped below 100.0, sending the USD lower on renewed optimism that interest rates will fall. Precious Metals reacted by surging. On the other hand, Oil continues to slip, now in the $58/B vicinity, while the Canadian dollar remains in the 0.71 cents vicinity, stable and boring like the PM in his public appearances. No one will be immune to the economic fallout, with the traditional few winners and the multitude of losers. The question remains, will the future economic system be tied to a digital world with cryptocurrencies controlling our lives by making us all more vulnerable to those who control the systems