De Groote Financial Group April 8, 2022 No Comments

Week Ending April 1st, 2022

Globalist Klaus Schwab stated this week that a single world government is needed to solve global problems such as climate change, inequality, and of course, Covid. He leaves out the fact that a larger government inherently leads to less freedom, less creativity, less ownership, and more control of your life.

What does it mean – In his book “Covid-19: The Great Reset” published in July of 2020 he uses Covid as the excuse to build his one-world government. Let me sum it up in one sentence.

Climate change causes a respiratory virus, a respiratory virus causes inequality, inequality causes climate change and the circle starts over.

Klaus Schwab and the WEF are not far off from their stated mission. The WEF has trained the majority of Canada’s elected officials, most of Brazil’s, Chile, Argentina and much of Europe. If you run a business or manage a company, watch out. You might be forced to comply with more DEI regulations, more mandates, and more government bureaucracy. Did you see what the NFL did? This will affect shareholder value and increase the cost of doing business.

U.S. Economy added 431,000 new jobs… The trend should continue as the country continues to open up and more people seek the security of a good job.

What does it mean – US unemployemt is still at 6.9%. The number of unemployed is stil 1,500,000 fewer people working than in December of 2019. Expect the economy to continue to add jobs as more people are forced back to work as inflation and interest rates minimize the value of government transfer payments(welfare). States with low taxes and regulations from the government are leading the way while there is still a mass exodus from CA, NY, NJ, IL, MI, and other states that continue to regulate success and redistribute wealth.

Retail sales were up due to gasoline…along with building materials and auto parts, most sectors were down.

What does it mean – From the chart below you can see the shutdown vs. the reopening. Expect consumers to get back to normal which means we could see some tough numbers in retail as inflation will continue according to Fed Chairman Powell.

New home sales decreased…New home sales fell by 2% month-over-month and 6.2% year-over-year.

What does it mean – First-time homebuyers continue to get pinched by the increase in costs and rising interest rates.

Starbucks start to unionize…140 locations have announced that they will start the process to vote for union representation. Expect your coffee to cost more.

What does it mean – Not sure the employees even know what this means to them. Expect Starbucks to start forcing part time work and less full time. But your “cup of joe” is still going to cost you more.

Very truly yours,

Doug De Groote, CFP®, MBA, CTC Managing Director

De Groote Financial Group, LLC is a federally registered investment adviser that maintains a principal office in the State of California. The information contained in this message is confidential, protected from disclosure, and may be legally privileged. If the reader of this message is not the intended recipient or an employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that any disclosure, distribution, copying, or any action taken or action omitted in reliance on it, is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by replying to this message and destroy the material in its entirety, whether in electronic or hard copy format.
Disclaimer: This article is solely for informational and educational purposes only and contains information that is not appropriate for everyone. Nothing herein should be construed as the provision of personalized investment advice. This article does not provide legal, tax, or accounting advice. Before making decisions with legal, tax or accounting ramifications, please consult the appropriate professionals for advice that is specific to your situation. Your experience may vary according to your individual circumstances and there is no guarantee that the views and opinions expressed herein will come to pass. Information presented herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security. This article should not be regarded as a complete analysis of the subjects discussed.

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