HomeBusinessThe Inexperienced Tragedy… and Crimson Momentum Receive US

The Inexperienced Tragedy… and Crimson Momentum Receive US

This morning’s CPI studying didn’t shock anybody aside from Paul Krugman.

The Inexperienced Tragedy… and Crimson Momentum Receive US Obtain US

The embarrassing (however by no means embarrassed) economist has stated over the previous couple of months that inflation is falling.

The identical message goes for sycophants who’re:

  1. Defending their political asses.
  2. Doing all they’ll to deflect from the inflation they attributable to printing and borrowing trillions of {dollars} (and working huge deficits for Keynesian spending nonsense.
  3. Failing primary economics relating to how cash works.

Sure, the Client Worth Index (CPI) got here in at 3.7%. That’s “Down” from the 8.5% we noticed right now final 12 months… Nevertheless it’s a 3.7% enhance on high of the 8.5% enhance from final 12 months in case you select to consider their numbers.

Inflation continues to be GOING up. Somebody get the Nobel Laureate a compress for his head, because it’s clear he bumped it onerous whereas attempting to say that two years of inflationary pressures continues to be in some way “transitory.”

At present, we noticed momentum flip again adverse after at some point of impartial readings. Capital appears to be staying available in the market, however there’s been a giant pump into utilities and power in current days. Lots of people suppose that the Fed is finished elevating rates of interest.

However they’re nonetheless lacking the large image. We’re working huge deficits, liquidity stays ample within the world system (collateral high quality isn’t nice although), and this spending simply isn’t sustainable.

The Treasury Division has trillions of {dollars} in debt to roll over within the subsequent 12 to 18 months. They usually want that debt to roll over at longer-term durations (see 10 years). The issue is that you simply’re method higher off shopping for short-term debt than long-duration bonds. And… ultimately, you’ll must roll that very same debt over once more… and over once more… and over once more.

The Treasury is trapped in a cycle of its personal doing. You possibly can thank Janet Yellen, our Treasury Secretary, for this mess. Historical past is not going to be very sort to the interval the place she went from a boring educational to an outright politician and face of reckless spending.

Talking of Reckless

Secretary of Power Janet Granholm can be a catastrophe. She’s the product of a interval the place we now politicize the whole lot.

Rick Perry wasn’t a great predecessor. He thought that changing into the top of the DOE meant that he’d fly around the globe and speak up U.S. oil and fuel funding.

However working the DOE signifies that you’re answerable for the US’ nuclear weapons provide.

Now, we now have Granholm, who thinks her job (other than huge insider buying and selling on authorities spending payments) is to drive across the nation and tout Electrical Autos.

Which is what she did final week. The issue is that the EVs ran out of juice relatively rapidly. The DOE is not going to promote Tesla (the Biden Administration hates Musk, though Tesla has the perfect EVs and chargers in the marketplace). So, Granholm traveled from South Carolina to Georgia – and deliberate a cease in Augusta to cost the automobiles.

There weren’t sufficient of the chargers accessible. So, the individuals touring forward of the DOE – which deliberate to create a giant photograph op spectacle – blocked off the chargers (with gas-powered automobiles) till Granholm arrived.

Seems, a household wanted that charger (together with a pregnant passenger). The household referred to as the police on Granholm’s caravan.

Regardless of the billions we’ve spent on this transition, we nonetheless have loads of infrastructure issues and an absence of chargers.

And when your total schtick is to play public relations – as a substitute of fixing the issue – nothing will get achieved.

Now we have a competence drawback.

And it’s about to worsen.

Good Information and Dangerous Information

Now – there’s excellent news within the various power world.

If the U.S. desires to attain this power transition, it would require an unbelievable quantity of lithium, copper, cobalt, and other materials. There’s only one drawback.

The U.S. is overly reliant on foreign nations – particularly for lithium. That would change… in a giant method.

On August 31, scientists from Lithium Americas Company, GNS Science, and Oregon State College reported one thing outstanding.

They may have found the only largest deposit of lithium… not simply in North America. However in the whole world. The so-called McDermitt Caldera – roughly 22 miles by 28 miles in dimension – sits on the border of Oregon and Nevada.

There may very well be between 20 million and 40 million metric tonnes of lithium, sufficient to create a automobile battery for about 50% of the worldwide inhabitants.

This might dwarf the quantity of lithium in Chile and Australia.

What unbelievable information, proper?

Nicely – let’s see how this administration operates. Keep in mind, our head of the Bureau of Land Administration is a artistic author who ran a salsa firm and have become a lawyer and profession politician. She’s the one with a lot information about land formations that she canceled all drilling permits in Alaska.

She’s additionally welcoming the shuttering of oil-and-gas initiatives in the Permian Basin over a lizard.

In the meantime, courts out West have rejected calls to guard different endangered species within the area the place this lithium exists. In the case of D.C. today – you by no means know what the principles can be, and you’ve got zero concept if they’ll shut down mines or power initiatives over a noticed reptile or chicken at any given second.

This administration plays Calvinball with U.S. energy policy often, and it wouldn’t stun me to see numerous darkish cash pour into the non-profit authorized facilities that do nothing however cease to advertise financial improvement in the US.

We may very well be the richest lithium producer on the planet…

However watch these individuals mess it up.

They’ll’t even cost a automobile correctly…

Not to mention promote the event wanted to gasoline the EV transition that they’re forcing on all of us.

In the meantime… make sure to see this text from the Census.

They’re seemingly celebrating this one too. Earnings inequality is dropping… as a result of everybody else is getting poorer. Gradual clap.

The Inexperienced Tragedy… and Crimson Momentum Receive US Obtain USKeep constructive…

#Inexperienced #Tragedy #Crimson #Momentum

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