The world saw what happened when Germany invested in windmills to produce their electricity. The wind stopped blowing and they need Russia. Now, we get to watch another green experiment, as CA Gov. Newsom has prohibited the sale of any gasoline-powered car or light...
Our President has not wavered in his Crusade toward an “Incredible Transition” pipe dream, even in the face of Germany`s reversal from their transition to wind and solar. On his first day in office, Biden cancelled the Keystone XL pipeline and halted new leases in...
We have no more shutdowns of restaurants, shops, and factories, so why isn`t America`s economy booming again? Business depends on moving goods. But President Biden and his left-wing influencers believe–if they outlaw oil and nat gas–they can change earth`s current climate cycle. Their religion is to wage war on American pipelines, oil, and
natural gas production. So, Biden cancels leases, imposes draconian regulations, and closes oil and nat gas producers.
The cost of this crusade against oil has dwindled our supply of gasoline, diesel, and natural-gas, and astronomically increased transportation costs—for
companies and workers. Target spent $1B on fuel last month. Amazon uses more gasoline and diesel than any other company; that`s why Jeff Bezos has started to
openly criticize Biden`s war on American oil.
Natural gas is a byproduct of oil production. Fertilizer needs nat gas, so farmers’ costs have also risen, along with the fuel for tractors and combines. When they have to spend so much more for transportation, companies become less profitable. This makes them less attractive to investors, and their stock goes down. That`s why the value of your 401K and pension fund has sunk for eight weeks in a row, which has not happened in the U.S. since 1932, at the height of the Great Depression.
Biden also wanted to show that he is another Franklin Roosevelt, and could launch his version of the New Deal. He dumped two tranches of $Trillions into our economy under the guise of Covid relief, infrastructure spending, a moratorium on paying rent, and skipping-loan payments. Millions of businesses applied for and got government money, much of it fraudulent.
People had so much government-issued money, they quit working and gambled on GameStop and AMC. As people spent their largesse from government, prices for everything rose and we now have runaway inflation. The Fed must try to remedy our current, punishing inflation. They only have one tool to stop it: higher interest rates. That will contribute to more inflation, since it means that companies have to pay more for new and existing loans.