Posted on Oct 6, 2021
Oil prices could hit an 'off the charts spike,' says strategist
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Posted 3 y ago
Responses: 8
Unfortunately, it's not going to be just oil... Look for the price of everything to go up... You can blame who you want, but this has been building for over 30 years..... this gonna be the big boom, and it ain't gonna be over anytime soon... This is going to match the inflationary period of the late 70s early 80s. There was roughly 100% inflation in 10 years. This is mostly a result of robbing the middle class and lower class workers for the last 30 years. It was due to happen anyway, but it will be amplified by the economy being set on fire for a few years by lifting just about all the restrictions and turning it into a freefall... The rich made money like never before, but now it's time to pay the piper. We are going to double the wages for the minimum wage, this will drive the wages up for everyone in the middle class and lower income classes. Prices will rise so that small business can stay afloat. On the good side, equity for all will skyrocket for those who have any, big old loans will be easier to pay back due to the shrinking dollar, to include the national debt. Hang on, this is just the beginning... Oh, and yes, putting some restrictions back on the environment and going back to protecting our National Parks and a multitude of other things are also causing the price of gas to rise... Americans have been skating on gas prices basically forever because USD keeps the world turning. Basically, all the oil in the world is traded in USD, the dollar shrinks, the price rises.
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FYI, the article says nothing that Gunderson claims. Guess that makes him a 101% Trumpkin.
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