Toma nota.../Take note...

The US is fast approaching a breaking point.

When governments find themselves cornered like this, they have no choice but to "reset" the system.

History shows us that these resets often involve massive wealth transfers—from hardworking savers like you to the political and financial elites.

We believe this reset could be closer than anyone expects.

There's an inclination on the part of people to blame the producers of products—the butcher, the baker, and the gasoline maker—but that's actually very silly, insofar as these people create real wealth.

They're fighting the effects of government inflation, which doesn't create anything but fiat currency and fiat credit, which is what actually takes the prices higher. Inflation of the currency, which is to say an increase in the amount of purchasing media above the increase in real wealth. It's what inflation is all about; it's the State subtly stealing capital and wealth from individuals.

The big problem with the depreciation of the dollar is that producers are blamed for being the problem. They're the solution to the problem in that they create real wealth. The real enemy here is the State and its central bank, the Fed.

 

"Today, we take a big step towards the de-dollarisation and facilitation of economic relations between Iran and Russia."

Tehran, Nov.12.– Iran and Russia linked their national payment systems on Monday, a significant move to bypass the US dollar in bilateral transactions, Iran’s official news agency IRNA reported. 

California’s state legislature is determined to eliminate fossil fuel as soon as possible, with oil at the top of the list. This goal is shared by the Governor and Attorney General, along with leadership and staff at every one of the many state agencies that collectively regulate the industry. But even if this goal is necessary and desirable, which is debatable, the methods being employed to achieve it are flawed. 

To begin with, and this can’t be repeated often enough, California still depends on petroleum for 50 percent of its total energy, and natural gas for another 30 percent. Dependence on gasoline is proving difficult to reduce, as California’s EV sales are leveling off, with 2024 likely to show no growth over 2023. And even after years of dramatic year-over-year sales growth, EVs still comprise less than 5 percent of California’s total registered vehicles.

It’s possible that at the present level of price and performance, most of the consumers who want to purchase EVs have already done so. It’s also not clear that we will have achieved adequate generating, charging, and transmission infrastructure by the time the percentage of EVs on the road doubles or triples, much less becomes the majority of vehicles.