GOLD IN THAR HILLS – WILL GOLD BUGS HIT PAYDIRT

Gold is closing in on the $2000 mark. Inflation is roaring, expecting gas prices to move higher, perhaps to over $6.00. CALIFORNIA ALREADY UP TO $7 BUCKS.

THIS IS ONLY TRANSITORY” says Federal Reserve Chairman Powell, but I reserve the right to change my opinion when new information proves otherwise. And “so, let it be written, so let it be done.”   “Opps, I change my opinion, sorry about that.” WE MUST RAISE INTEREST RATES TO KILL THE BEAST.

Those sky high electric bills are not fun, either are the cost of heating ones home and food costs, what can we say, they are out of sight.  What can  be done to resolve this situation? Federal Reserve believes that raising interest rates will cool the flames of inflation. “Say what?” This is like pouring gasoline on the fire. However, the anecdotal evidence has not confirmed that a interest rate rise will stop inflation in its tracks. What it will do is cause a depression. The FED believes that a depression, or let’s say an economic contraction will douse the inflation flames somewhat. 

But let us be clear here; the November election is on our door step, only seven months away. Going into a recession at summer’s end is not palatable for the party in power.

Will Branden step on Powell’s breaks is the Number One question. This week, the unemployment rate as well as inflation numbers are expected. Initial jobless claims are forecast to be below 200,000, but came in over 200,000.  How will Powell react to them? A .50% interest rate increase is expected.

The so-called PCE price index has climbed 6.2% in the 12 months ended in February, marking the biggest increase since January 1982.

Change from Month One Year Ago

February 2022 6.4 %

January 2022 6.0 %

December 2021 5.8 %

November 20215.6 %

ONLY GOLD CAN PROTECT YOU NOW – JOE BYEDIN SELLS OUT AMERICA

The SUPERGENE CYCLE IS UPON US. Experts are now predicting 10% inflation by the third quarter; the first quarter most likely will be close to 7%, led by 8-9% for the month of March. At first it was supply chain that was blamed, then Covid-19, now the war in Ukraine. But the real cause is Joe Byedin, a skeleton figure collapsing on the world stage.

When they say “break a leg” on Broadway, they mean, “Good Luck” when the curtains rise. Joe Bye-din took the phrase literally, breaking more than a leg. A failure by any measure.

https://youtu.be/3gcQrFsUFzQ

See below for one of our prescient posts published in July 2020. 

GOLD IN THAR CAPITOL HILLS

To those deniers in Washington and for the matter the socialist monetary machination printers in Brussels, we warn you of the iceberg made of gold that lays in front of you; INFLATION.! Yes the mighty animal has begun to rear its ugly head after a Rip Van Winkle sabbatical. In case the money printers haven’t noticed, gold is now breaking out of its more than five year hibernation. Silver has penetrated the $20 mark with abandon, gold $1800. The question is what is it trying to tell you? Danger lies ahead, the fog horn has warned you all.

And what has awakened the animal instincts of the precious metals markets? Have they not perceived the risk in front of themPrinting trillions upon trillions of dollars, Euros, Pounds, Rupees, Yuan, reals, dinars, francs, rubles, lira, pesos, and riyals is the fuel that has elevated the precious metals into orbitWe look for all time highs, silver $50 and gold breaching $2500.

INFLATIONARY DAYS ARE HERE AGAIN – WAIT AND SEE HOW BAD IT WILL GET. TRUST IN GOVERNMENT IS IN PERIL. THE SURVIVAL OF THE FITTEST WILL TEST THE INTESTINAL FORTITUDE OF THOSE WHO PREVAIL.

The Bull Run continues

And we add, the true damage has not been done, nor perceived. Commodities, from wheat to copper have seen prices surge to all time highs. In fact many are up over 50% from a year ago. The recent implosion of Bitcoin is a tell tale sign of what is in store for us.

Again we go out on the proverbial limb by forecasting another 15-20% drop in the Dow Industrial Average; Bitcoin to follow. During this implosion look no further to protect your wealth than to the time tested survivor going back millennia, GOLD GOLD GOLD.Gold, silver prices go up, analysts decode reasons - Hindustan Times

Silver price hits eight-year high; Robinhood raises another $2.4bn – as it happened | Business | The Guardian

$7 a gallon for regular gasoline? At least 1 gas station in LA is getting close to that mark

$7 a gallon for regular gasoline? At least 1 gas station in LA is getting close to that mark

“That’s insane,” said one driver. “I don’t think we’ve ever paid that … ever.”

LOS ANGELES (KABC) — The average price of a gallon of self-serve regular gasoline in Los Angeles County rose to $5.247 on Saturday, but some gas stations in the area have even higher prices.

The Shell gas station located at Olympic Boulevard and Fairfax Avenue in Mid-City was advertising regular unleaded at $6.99 a gallon. The price for premium was listed at $7.29 a gallon.

Time for the Democrats to pay come NovemberOnly a strong Defense can protect America. Libtards are weak, they rather live under the Marxist-Lenin paradigm seen in Cuba, North Korea and Venezuela. 

The price of oil has soared to the highest level since 2008 after the US said it was discussing a potential embargo on Russian oil with its allies.Silhouette oil rig.

GETTY IMAGES

Brent crude – the global oil benchmark – spiked above $139 a barrel in Asia trade, before easing to below $130.

Energy markets have been rocked in recent days over supply fears triggered by the Russian invasion of Ukraine.

Consumers are already feeling the impact of higher energy costs as fuel prices and household bills jump.

Asia stocks markets were fell in early trade on Monday, with Japan’s Nikkei index down by more 3% and the Hang Seng in Hong Kong 2.7% lower.

On Sunday, the US Secretary of State Antony Blinken said the Biden administration and its allies are discussing an embargo of Russian oil supplies.

The comments came as pressure grows on the White House and other Western nations to take tougher action against Moscow over its invasion of Ukraine.

A Russian oil embargo would be a major escalation in the response to the invasion of Ukraine and would potentially have a major impact on the global economy.