Sep 12, 2023
The Biden administration has cancelled oil and gas leases,
banned natural gas transportation by train, and is instituting
stringent restrictions on large trucks.
These policies will increase energy prices. This will further
increase the cost to manufacture and transport nearly every product
Americans purchase. This will further increase inflation for
much longer than
most people realize.
The only solution at this time appears to be removal of the
current administration. Hopefully, it will get bad enough that the
majority of American voters will wake up and vote for the candidate
that will reverse these policies and return us to low cost energy.
Abundant, low cost, and reliable energy is what separates first
world economies from third world economies. It is a primary driver
of economic prosperity.
Higher energy costs hurts the poor and middle class the most.
If you are in favor of higher energy costs so more green energy can
be competitive you are anti-poor. Full period. Stop.
We will likely face higher interest rates and inflation for
longer due to these policies. If the next administration reverses
these and other policies that impeded economic activity, things
will likely get better. Unfortunately, our economy will like suffer
for the next couple of years before things get better.
If these polices are allowed to continue for another four
years, expect the economy to get much worse.
Economic changes will create opportunities. Reducing risk,
reducing taxes, and staying highly liquid will allow you to be
nimble with your funds.
Your Personal Bank funds are interest rate sensitive.
Dividends will likely increase for the next 3-5 years+. They are
also guaranteed, highly liquid, and tax-free. This provides options
and allows you to weather economic storms and to take
advantage of opportunities.
Contact Ferenc at YourPersonalBank.com or 866-268-4422 for