If you are one of these over-optimistic people believing that crude supply will normalise as soon as the Iran/US conflict will be over, read this 👇🏻
Add to this the extensive damage inflicted to energy infrastructure across the Gulf and Iran and we are talking months to years to get back to normal. So yeah, you better get used to higher energy prices!
Kind request every law maker in India to click the attached "BRICS News" post and read the thousands of disgusting comments degrading India and dehumanizing Indians.
Can we please talk about it for once in the parliament? And discuss as a nation what steps can be taken to counter this extreme genocidal hatred spread against India and Indians?
This is a multi-state sponsored, organized anti-India operation going on for too long that's affecting our exports, inbound tourism, economy, job opportunities for migrants, mental health of Indians, and physically putting them at risk of violence.
This is an issue that is beyond partisan politics affecting everyone of us and the country. IMO, this is a war that's being waged on India as serious as cross border terrorism and insurgency. So I humbly request law makers to start addressing this.
To those reading this, please repost tagging your known MP/MLAs requesting them to address this serious issue.
@PMOIndia@MEAIndia@HMOIndia@narendramodi@AmitShah@DrSJaishankar@nsitharaman@AshwiniVaishnaw@ShashiTharoor@Tejasvi_Surya
We should not have to rely on Americans to give us diesel that originally comes out of our own ground.
Nor should Canadians be paying 31¢/L more than our Americans neighbours.
We need a Diesel Price Relief Action Plan to save you money and put Canada First👇
🚨 @LynAldenContact ON WHY NOTHING STOPS THE DEBT SPIRAL:
"Congress going to say, 'The 10-year is over 5%, maybe we should trim defense spending or reform Social Security and Medicare?' It's not gonna happen. There's no political will to do that. Less than 1% chance. Negligible."
On how it plays out instead:
"If the Treasury market ever breaks, instead of Congress doing anything, the Fed steps in. They kind of have to because financial stability and moderate long-term yields are part of their mandate. Congress isn't doing it because the people don't really want it. They want a balanced budget in theory. But do you want to cut this, this, and this, or raise your taxes? 'Well, no.'"
On the historical endpoint:
"The end game for highly indebted governments, nearly 100% of the time, ends with financial repression, trying to inflate that debt away, and impairing cash and bondholders. Whether it's the central bank doing it, whether it's the Treasury doing it, whether they take turns, these are the types of things you see when you start getting over 100% debt to GDP and no realistic austerity anywhere near the horizon."
We will not replace our most important trading relationship with a strategic partnership for a “new world order” with the dictatorship in Beijing.
We must fight for tariff-free trade with our allies to build a strong and secure Western alliance.
Something I heard recently from a US electrical infrastructure manufacturing exec:
"I'd rather have copper in my warehouse than cash in the bank, because based on what I'm seeing in supply chains, I'm concerned that cash may not be able to secure me actual copper at some point."
Europe: I need diesel. Russian refinerines are still getting attacked, Middle East refineries still not at full capacity. Please help.
US: Diesel markets are global man, I need to take care of my prices too.
Europe: Ok anyone else? Asia???
India: Arbs are open, I am on it. US is the biggest diesel exporter of the world though, my volumes are going to be band aid only.
China: *radio silence*
The rest of Asia: Margins need to make it work. Currently still not yet.
Europe: Ok then, I will max out my own refining kit in the meantime.
Saudi: We have a problem.
#oott
The fact that people still care about 25 basis points is evidence that they don’t yet appreciate the depth of the fiscal dominance we are in.
Anyway, have a nice weekend.
🚨 BREAKING. Scott Bessent just announced the Internal Revenue Service is launching MASSIVE AUDITS of financial institutions that facilitated the laundering of Minnesota funds.
Read that again.
Banks. MSBs. Financial middlemen.
Anyone who helped move dirty money is about to get TORCHED.
For once, the IRS is being deployed FOR AMERICANS FIRST — not against working families.
Follow the money.
Audit everything.
Prosecute whoever broke the law.
Thank you, Sec. Bessent. 🇺🇸
Do you firmly support Scott on this?