The two fuels are competing for the same barrel of oil
The pain for consumers and truck drivers continues at the fuel pump. The average price of both regular gas and diesel fuel hit record highs this week and show no sign of slowing.
According to AAA, the national average price of regular gas is $4.40 a gallon, while the average price of diesel is $5.55 a gallon. One reason for the surge is the high price of oil, which is a result of the shortage caused by the loss of Russian petroleum from the market. Continue reading
8.3% inflation is now good news. Think about that one for a moment.
Team Brandon has just promised another $33 Billion in military and humanitarian aid to Ukraine. That’s $33 Billion more than they have in the checkbook. But of course their bank (otherwise known as the Federal Reserve) has a very liberal overdraft policy. It will simply print up and/or borrow another $33 Billion and add it to our debt. Or should we say, our children’s debt. 
“Thus we see how the neo-liberal utopia tends to embody itself in the reality of a kind of infernal machine, whose necessity imposes itself even upon the rulers. Like the Marxism of an earlier time, with which, in this regard, it has much in common, this utopia evokes powerful belief – the free trade faith – not only among those who live off it, such as financiers, the owners and managers of large corporations, etc., but also among those, such as high-level government officials and politicians, who derive their justification for existing from it.
Attempting to slow down the economy and subdue inflation, the Federal Reserve has already raised interest rates by 25 basis points and is expected to raise rates by 50 basis points at each of its next two meetings in May and June.
Even though gold seems like an “ideal” asset to own right now, why hasn’t its price made “a big splash” yet? Here’s what Fidelity International has to say about gold’s latent reaction.
In the attached report, Matterhorn Asset Management advisor and Incrementum AG founder, Ronni Stoeferle, offers a compelling perspective on the rapid changes in the global monetary system and the massive implications behind Western sanctions unleashed on February 27th against Russia.
The standard leftist refrain about “advanced capitalism” is that it amounts to “socialism for the rich and capitalism for the poor.” Like most leftist notions, this idea represents almost the exact opposite of the truth. The system they refer to is anything but socialism for the rich and capitalism for the poor. Capitalists do not want socialism for themselves and capitalism for the rest. Capitalists seek profit, which can only come under a capitalist system. 
The United States has borrowed $18 trillion from foreigners since the Great Financial Crisis of 2008, a staggering sum that is nearly equal to America’s annual Gross Domestic Product. The notion that the dollar’s dominance in world finance might come to an end was a fringe view only five years ago, when America’s net foreign investment position was a mere negative $8 trillion. Notably, the net international investment position fell by $6 trillion between 2019 and 2022, roughly the amount of federal stimulus spent in response to the COVID-19 pandemic… 
