Thank you citizens of Union County NC for the opportunity to serve you over these last four years. My final Commissioner’s comments begin at 16:40:
https://t.co/VMgZH9YF3H
Federal tax: 18.4¢ per gallon. Average state taxes add ~30¢, for roughly 48-50¢ total taxes.
Refiner net profit is variable and typically much smaller—often 5-15¢ per gallon after costs (part of the broader refining margin). Crude oil costs dominate the rest of the price. Figures fluctuate with markets; latest EIA breakdowns confirm taxes usually exceed average refiner profits per gallon.
The U.S. Treasury buying back its old debt while the Fed is buying Treasury bills is not normal market plumbing anymore , it is indirect debt monetization before they officially call it QE.
This is not happening because America suddenly has excess cash.
It is happening because the Treasury market is becoming too large, too illiquid, and too difficult to fund through long-duration debt.
So the strategy is simple:
Buy back old Treasuries.
Issue more short-term bills.
Let the Fed absorb bills to keep liquidity smooth.
They will call this “market functioning.”
But in reality, this is debt being recycled inside the system.
Treasury is reducing pressure from the long end.
The Fed is supporting the short end.
Together, it becomes a soft version of monetization without officially calling it QE.
And this is extremely bullish for Gold.
Because once governments are forced to manage debt through liquidity operations instead of real demand, the market starts questioning the quality of fiat debt itself.
Gold does not need a speech from the Fed.
It only needs proof that the debt system cannot stand on its own.
And this buyback + bill issuance + Fed bill buying structure is exactly that proof.
Five "deal" announcements, zero closed (yet). That's a trend. Sell the tweet, buy the molecule. Iran's leverage increases with every day that passes and inventories decline, while it decreases for the West.
Thank you to @SquawkCNBC Asia for having me on this morning. Attached is the clip: 50 years of efficiency made oil cheaper per unit of GDP but more irreplaceable in function -- it is the rare earth of the macro system.
https://t.co/z7gKF3NABH
I did not see this coming, but my election has become an inflection point for our whole country. Today we make history.
Will you be part of this historic day by voting, calling friends who can vote, posting to social media, or making a donation?
Spread the word fellow patriots!
Hate speech does not exist legally in America. There's ugly speech. There's gross speech. There's evil speech.
And ALL of it is protected by the First Amendment.
Keep America free.
🚨Speaker Mike Johnson defended shredding the 4th Amendment and passing FISA warrantless surveillance after a top-secret briefing with the NSA, CIA, FBI, DNI and DOJ.
Well, @RepThomasMassie was in the same SCIF as Speaker Johnson, and he's fed up with the lying.
Massie says there was NOT ONE EXAMPLE spying on Americans without a warrant was able to prevent terrorism.
It's all a scam. Shame on Republicans who fall for it.
#SCIFGATE