Biden blaming Putin for his inflation, is like blaming a car for a drunk driver. Inflation is simply caused, as any dictionary will tell you, by an increase in the money supply. An increase in the money supply can be created by the Treasury borrowing from the Fed to pay its bills, which created it out of thin air, and paying taxpayer funded interest for it, or money can be placed into the money supply, by people buying things, for cash or credit, or a loan from a bank, all of which increases the money supply. The bank creates the money you borrow, out of thin air, like the fed, only instead of printing paper money, it’s on computer chips, but it’s still added to the money supply.
Why does an increase in the money supply create inflation? Let me review “Stott’s Law,” which says that, “The More of Anything There is, the Less they will be Worth.” The reverse is true also, “The Less of Anything there is, the More it Will be Worth,” such as water in the desert. There is so little of it, that its price is high. Shortage of computer chips has made new and used cars go up like water in the desert. Hundreds of thousands of Californians have had a belly full of taxes, regulations, homeless trash, and utter foolishness from Sacramento, and are selling and leaving. Where are they going? Texas has no state income tax, and neither does Florida. They are warm and friendly. People are leaving big cities also, because of the crime, taxes, and bureaucratic gobbledygook. In my town, real estate prices have gone way up, and realtors are doing very well. We do have a bit of winter and a small state income tax, but it’s a small town with 300 days of sunshine a year, and living is easy here. Big cities are full of everything most people don’t care for, and people are leaving. When they sell and buy in another town, money is added to the supply, both in the sale and buying another home.
In the first 24 hours of Biden’s Presidency, he signed 48 ‘executive orders,’ (not mentioned in the Constitution), which effectively cut the nation’s oil supply. When Trump was President, we exported oil, and were energy independent. Gas was half of what it currently is per gallon. Biden cut our oil supply, so prices went up as Stott’s Law indicates, and people have to pay more for everything, not just gas. Remember, trains, planes, tractors, and trucks use oil, and just about everything needs oil for its manufacture. All transportation needs and uses huge amounts of oil. Handles for plastic tools need oil for their manufacture, as does farmer’s fertilizer, which makes food go up, and more money placed into the supply. Just about everything we need and use, needs oil for its manufacture, distribution, sale, and use. It’s difficult to think of anything not dependent on oil, so expensive oil makes for inflation, because more dollars must be spent to buy what we need and want. Biden causes inflation, even in gold and silver, because just Biden’s being in office and Putin destroying Russia and the Ukraine, makes people nervous, and wanting insurance and protection in the form of gold and silver. The Russian ruble has lost 30% of its value, thanks to Putin, and inflation in Russia makes our 7.9% seem like pennies. I have no doubt that gold and silver have gone up 30% further in Russia than here, thanks to their inflation.
Chinese covid 19, has caused a lot of inflation, because medical treatment isn’t cheap, causing more money to be inserted into the money supply. Biden’s silly rules have caused inflation. America has outstanding medical services and inventions, so we are almost rid of the Covid, but China, who created it, isn’t doing very well. They were too stupid to keep Wuhan labs clean and sealed, and this has caused the entire world to hurt. Damn China!
Inflation, once it begins, is difficult to stop, but one way would be to increase our oil supply. The very idea of Biden going to Venezuela and Iran for oil, rather than freeing up our own production, is outrageous. America has more oil, gas, coal, energy and brains, than any other place on earth. Russia and Putin seem to be way down the line.
Biden harms America and Putin destroys Russia
We’re all sick watching the wholesale destruction of Ukraine. I heard an economist on NPR say that Putin’s war is costing Russia a billion dollars a day. Every billion spent destroying Ukraine, is driving another nail in Putin’s coffin. As pictures and news of Putin’s war get to Russian citizens, I don’t see how Putin can possibly stay in his position. Putin keeps himself in fine shape physically, but his brain is infected, or he is literally psychotic, bordering on madness, similar to Hitler, as I said in a previous column. If Putin were removed, just imagine the cost of rebuilding what he has destroyed, and the thousands he has killed, not counting the obvious trillion-dollar lawsuits. Repairing the damage to Ukraine and its citizens, is so huge, that the mind cannot fathom its depth. Russia, thanks to one man, Putin, will not be trusted nor dealt with for decades when this war is over.
If Biden were removed, the vice president would be even worse. Everywhere Harris goes, she proves she is a mental midget. Next to her would be Nancy Pelosi! We’re stuck with Biden till 2024, but at least we can change the House and Senate this fall! Why is gold not as difficult to obtain as silver? There’s no shortage of either, but silver is often called ‘cheap gold,’ since it is a 77th the price of gold, so people buy silver, and the mints cannot keep up with the demand, plus we all should have some, in case of needing something with which to barter. The ratios have not changed, so either are excellent insurance and savings devices!