Just before Canada Day, Todd O'Donnell dropped off some goodies for the team.
That's Amelia, myself (Tom), Todd, Aidan, Soanya, and Nigel all huddled around with our Canada Day gear on, LOL!
Todd and I worked together at Oracle Corp. for a bunch of years and both quit our jobs around the same time.
He ventured into insurance and operates a super successful Desjardins insurance business that has helped out thousands of Rock Star investors over the years.
We both looked into the future on the path we were on and didn't like what we saw.
It was "extrapolating into the future" that really helped us change course and make adjustments in our lives that we're grateful for today.
And that brings us to today's data point...
Stats Canada has released its latest M2 Money Supply data and we're at another new high.
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You won't see this chart on any mainstream news.
You won't see any politician talk about this.
You won't have any economic professors teach its implications.
But it's quietly draining your wealth every month.
Most Canadians aren't aware how brutal currency debasement is to their future lives.
At this rate of debasement, after 10 years, $100 has a purchasing power of $44.29.
After 20 years that $100 has a purchasing power of $19.62.
After 30 years that $100 has a purchasing power of $8.69.
After 40 years that $100 has a purchasing power of $3.85.
Completely wild.
It's not that life is getting more expensive...it's that the value of currency you're using continues to drop.
The value of the money you accept in return for your finite time and labour is being stolen constantly.
Your time and labour is finite...the money you accept in return for it is printed out of thin air endlessly.
It's quite an interesting exchange that we've all been accepting quite willingly.
Once you understand this you can begin to understand why "things are getting more expensive all the time".
They're not.
Your steak isn't getting "better".
Houses don't improve their roof and windows magically over time to make them "better" and therefore worth more.
It's the dollars, they're broken.
The beautiful part in all of this?
Once you understand it you can sidestep the madness.
Buy some gold.
Get some good rental property.
Learn about Bitcoin and why it may be the best form of money humanity has ever seen.
Choose your weapon against the M2 madness, LOL! Do your own research, of course.
Right now you have to beat the magic number of 8.48% a year...that's how much you have to increase your income every year to stay ahead of this M2 snowball.
So if your investments are making 7% per year it's just not enough to stay ahead of this...nevermind enough to "get ahead".
But know this...there's always a way to live life on your own terms!
We see people doing it all the time and you can too!!
Hope you're enjoying the summer!!
Tom & Nick
