Energy Costs Taking Huge Toll on Americans | Schaftlein Report

Energy Costs Taking Huge Toll on Americans | Schaftlein Report
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Guest: William J. Federer – Historian, TV/Radio Personality ( AmericanMinute.com ), 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’
Topics:
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