US Government Will BTFD?

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In this video, I discuss Rep. Ro Khanna's plan to have the Department of Agriculture "buy the dips" in food and redistribute that food to the American people at lower prices

This is a terrible proposal that will result in immediately higher food prices, as well as the need for the Fed to print more money to chase those higher commodity prices.

We are past the point of magical solutions. The best way to lower commodity prices is to produce more of them (i.e. increase actual supply). A good start would be to stop cancelling energy leases.

Unfortunately, our elites have very little real-world practical economic knowledge and prefer to virtue-signal over making the hard choices that will ultimately be good for the people.

As the economy lurches between deflation and hyper-inflation, expect asset prices to remain volatile.

Not investment advice! Consult a financial advisor.

Stock Market Crash, or High Oil Prices?
https://www.youtube.com/watch?v=AQzW4k-3wLU&ab_channel=TraderUniversity

Ro Khanna:
https://en.wikipedia.org/wiki/Ro_Khanna#Early_life_and_education

Ro Khanna's opinion piece:
https://www.nytimes.com/2022/06/02/opinion/inflation-biden-congress.html

PPI wheat chart:
https://fred.stlouisfed.org/series/WPU0121

Biden cancels oil and gas lease sales:
https://thehill.com/policy/energy-environment/3485545-biden-administration-cancels-oil-and-gas-lease-sales-in-alaska-gulf-of-mexico/

Biden contemplating windfall profits tax:
https://www.reuters.com/business/energy/white-house-considering-proposal-tax-oil-gas-windfall-profits-official-says-2022-06-02/

Purchasing power of US dollar:
https://www.newsbtc.com/wp-content/uploads/2019/02/purchasing-power-of-the-us-dollar-1913-to-2013_517962b78ea3c_w1500.jpg

Gold monthly returns in Weimar Marks:
https://www.newsbtc.com/wp-content/uploads/2019/02/purchasing-power-of-the-us-dollar-1913-to-2013_517962b78ea3c_w1500.jpg

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I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

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#inflation
#fed
#oil

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