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Schaftlein Report

Energy Costs Taking Huge Toll on Americans | Schaftlein Report

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Energy Costs Taking Huge Toll on Americans | Schaftlein Report
Guest: William J. Federer – Historian, TV/Radio Personality ( ), and Best-selling Author of the new book ‘Socialism – The Real History from Plato to the Present: How the Deep State Capitalizes on Crises to Consolidate Control’
1) The Producer Price Index is up 10.8% in May, the 6th straight month over 10%
2) Gas is up for a 17th straight day averaging $5.02 nationwide
3) Diesel is up 80% year over year and Gasoline is up 63% – Biden policies are blamed
4) Crypto market blows up as market cap falls below $1T
*Crypto banks limit redemption’s – they were paying up to 18% interest – Celcius appears to be a Ponzi scheme
*Federal regulation likely coming
5) Real estate prices appear to have peaked – In some areas of the country, prices have fallen 5-10%
*Mortgage interest rates are around 6%
6) Federal Reserve likely to increase the Federal Funds rate by 75 basis points tomorrow
7) Biden to meet the Saudi’s next month – Why not change his policies at home instead of begging the Saudi’s?
8) ACA subsidies are a ticking time bomb for Democrats as huge increases are coming in October – Democrats want to extend expiring subsidies
9) Russia now controls 80% of a key Eastern city and three bridges connecting the city have been destroyed
*Weapons are slow to get to the fighters – Russia may have the edge in the region
10) Chairman Bennie Thompson (D) of the Jan. 6th committee says no criminal referrals from his group
*Trump releases 12-page rebuttal to the first 2 days of testimony
11) Primary day in 5 states today

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About the Author:
As a lifelong advocate for the dream promised us in the Constitution, Andrew West has spent his years authoring lush prose editorial dirges regarding America's fall from grace and her path back to prosperity. When West isn't railing against the offensive whims of the mainstream media or the ideological cruelty that is so rampant in the US, he spends his time seeking adventurous new food and fermented beverages, with the occasional round of golf peppered in.