Posted on 07/30/2023 7:38:35 AM PDT by Kaiser8408a
Joe Biden said that Republicans will impeach him in the House of Representatives since inflation is coming down. Huh? No Joe, it is because your are the most corrupt President in history, a compulsive liar and your economic policies are pure World Economic Forum mandates (open borders, Central Bank Digital currency, green energy, etc). Biden started off his Presidency by declaring war on fossil fuels that helped drive prices through the roof. And the middle class are paying the price.
But as inflation cools (blue line) thanks in part to Biden draining the Strategic Petroleum Reserve (orange line), Biden can gloat. But remember, gasoline prices remain 56% higher under Biden’s Reign of Error. Even worse, gasoline FUTURES are up 91.5% under Biden. Yikes!
But look at how gasoline prices and gasoline futures have risen in July (pink circle). The last inflation report showed that inflation has declined to 3% (still higher than The Fed’s 2% target), gasoline prices are up almost 5% since July 19, 2023.
WTI Crude Oil futures have broken through the $80 barrier … again. Heating oil futures are up 1.43% today with WTI Crude futures up 0.61%.
So as energy prices keep rising (and Biden’s EPA keeps issuing green energy edicts and fails to recognize that our power grid can’t support all the electric cars and trucks envisioned by the Obama/Biden green dreamers). As such, energy prices will keep rising and with it … inflation.
(Excerpt) Read more at confoundedinterest.net ...
Bribery's a crime of treason... not of 'impeachment.
I live in SW VA and our gas has gone up about .40 a gallon over the last three weeks
“Obama/Biden are killing us.”
...and helping Putin liberate Ukraine, with such a high market price for oil!
Money is a substance created from nothingness on a whim from central banks.
This has always been so, but has been obfuscated until Bernanke began QE in 2009. That’s when capitalism failed. If capitalism were fundamental and powerful, there would be no reason for QE. But there is reason for it. The failure was so profound that people would have literally died when ATM machines stopped working because the banks ended. QE was necessary.
But . . . the substance comes from nothingness. Such a substance cannot be the basis for any LAWS of economics. There are no laws of economics.
That includes the presumption that increasing interest rates combats inflation. If you have such a law, then even one instance in history when it did not work, or the reverse took place, renders it a failed LAW and that is forever. Many examples of failure exist. If it fails once, it is not a LAW and must not be a presumed fix.
No, it has nothing to do with Bidenomics or Obama or anything else. It’s a failed system and it is being papered over.
For God’s sake, people, we have watched the media lie about things. We have watched all sorts of agencies and organizations lie and cheat. Why in hell would you presume any markets are pure? Any of them. I particularly laugh at currency exchange, as if that trading is immune to government interventions. Why would you think the Euro is worth XX dollars? Of course it’s not. Or the ruble? The exchanges are in countries hostile to Russia. Why would anyone think that is a clean exchange number?
And yes, this is happening with oil, too. KSA and Russia both have this year announced the price for their product will no longer depend in any way on any markets. They will specify price and buyer can pay or look for another source.
I know right. Isnt the economy awesome now? Uh NOPE! To the (b)administration.....🖕
The gas price spike caught me by surprise. I don’t really pay attention to the posted prices. Only when the tank is filled at the pump do I realize that the spike took a place.
Don’t know for certain but my gut says a second round of inflation is on the way
Gas is $4.45 a gallon in Salem, Oregon.
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2 Chronicles 7:13: If I shut up the heavens so that there is no rain, or if I command the locust to devour the land, or if I send pestilence among My people,
2 Chronicles 7:14: and My people who are called by My name humble themselves and pray and seek My face and turn from their wicked ways, then I will hear from heaven, will forgive their sin and will heal their land.
At harvest , prices will reflect the highest input costs for grains evah! Friend made production loan interest payment of $24k, twice the cost of last year.
Fuel prices are on the rise, so a second round of inflation is here. Price of diesel affects everything.
Certainly is not a good sign for food prices
Yes, have noticed fuel prices rising ….. definitely not a good sign for the economy
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