Biden Won't Refill Strategic Oil Reserve
Peter Schiff on OAN Real America with Dan Ball. Recorded 4/4/2024
#inflation #economy #debt
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Пікірлер: 609
Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.
@HectorWhitney
2 ай бұрын
To "buy the dip" It will be profitable in the long run. However, investors should be wary of the bull run. It is advisable to connect with a skilled adviser to fulfill your growth objectives and prevent mistakes. High interest rates typically result in lower stock prices.
@bernadofelix
2 ай бұрын
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@SandraDave.
2 ай бұрын
Interesting! Good day! Although I'm new to investing, I've heard that now is a wonderful time to buy. I have some money in my bank account that is just sitting there, and I really want to make it work for me, especially with the current rate of inflation being so high. Do you have any knowledge about this coach who supports you? I'd like to research them and find out more.
@bernadofelix
2 ай бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@EddyAgnes-vy4kp
2 ай бұрын
I appreciate you sharing this. When I looked up the woman you named and read through her credentials, it was obvious that she was a complete professional. I just need her to respond to the message I wrote her.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
@Pamela.jess.245
2 ай бұрын
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
@nothanks9503
2 ай бұрын
Give it to me so I can get surgery and also take some classes
@harrymills2770
2 ай бұрын
SPAM THREAD!
@joeyjoejoejunior3859
2 ай бұрын
SCAM, SCAM, SCAM.
@robertk1834
2 ай бұрын
Don't worry, immigrants are getting all the new job growth while permanent full time work is being eliminated. Recipe for a bright future!
Brandon should of never sold it off in the first FCKn place!! FJB 💪🇺🇸
@alh961
2 ай бұрын
Gas went up to 4.05 today FJB
@max41050
2 ай бұрын
5.50 in California
@mbojilov1
2 ай бұрын
Should of??
@diogeneslaertius3365
2 ай бұрын
@@mbojilov1 y r u axing questions like dat? Born yesterday? Some people talk like that. Get used to it fam.
@tomnassar5884
2 ай бұрын
Shadowman86, biden had to help his party during the mid-terms. He'd sell everything that isn't nailed to the floor to win elections.
Drill, baby drill 🛢️🛢️🛢️🛢️🛢️🛢️🛢️ Drop out of the Paris climate accord (again) Tell the UN, WEF and EU to go FO. Seal the border Stop voting blue
@mrmustangman
2 ай бұрын
✔
@nothanks9503
2 ай бұрын
Biden gave more permits to drill than trump oil companies refused to drill to drive up the price of oil that’s where the increased price is coming from thats why Biden released the strategic reserve oil to bring down prices
@blackrhino3442
2 ай бұрын
That’s how it’s done.
@garywilliams6295
2 ай бұрын
Amen
@dendres95608
2 ай бұрын
Mark if you run for the presidency, You'll have my vote!!!
If they reported the CPI like they did in the late 70s we would be at 8%
@kinghoju
2 ай бұрын
At least
@worldsdumbesttrumpturd....3143
2 ай бұрын
No. Stop making shit up
@mhughes1160
2 ай бұрын
The Easter Bunny 🐰 and Andy Panda 🐼 Sittin in a tree k I S S I N G selling out our country to cchhyyynnaa . LoL 😂 Oh that joe. Smmmhhh 😐
@worldsdumbesttrumpturd....3143
2 ай бұрын
Fake news grandpa
@shadowbanned4days
2 ай бұрын
Higher!
Result: American National Security becomes weaker and weaker. Thanks Joey.
@3er328
2 ай бұрын
And Obumer
@e8iMm7KE999
2 ай бұрын
That is his goal. The collapse of the country is his ultimate goal
@harrymills2770
2 ай бұрын
Democrats and politicians in general, always stick their noses where they're not needed, and refuse to do the job they were elected to do.
I am sure the money that they got for selling the oil was spent on something stupid
@SHADOWMAN86..
2 ай бұрын
Pockets getting lined that's what it filled fuck this congress & administration
@user-hj9dh6cx9o
2 ай бұрын
Illegal aliens
@littlemama5598
2 ай бұрын
Traffic children drugs you name it
@blackrhino3442
2 ай бұрын
Climate activist.
@timpreisser5462
2 ай бұрын
yah there congressional bomb shelters that they all built in the last 3 years look it up
Nice line on campaign trail to have drained hundreds of millions of barrels and refill a couple million at end and tout they’ve added millions of barrels to the reserve.
FJB!
@christopherschlacter4953
2 ай бұрын
We currently have 5 years of reserve in the US. Also US oil production is at all time highs as America is now the largest fossil fuel producing nation on earth.....Fuck you MAGA MORON the truth is, and will always be like poison to you gullible rubes. You nitwits actually enjoy being duped
@JE-bd3wu
2 ай бұрын
Yet repubes voted to close the northeast gas reserve and no one cares
@michaelcostin2384
2 ай бұрын
RIGHT!!!
@nothanks9503
2 ай бұрын
Where are you from
Love to see Peter enjoying macro developments and his correct predictions coming true
@googoolac1060
2 ай бұрын
It's been a slow roll and now we're here
The trouble is most Americans don’t like bad news. They’ll vote for the politicians that kick the can down the road rather than deal with the problem : big government living beyond its means
@JasonAldeann-bt4xf
2 ай бұрын
Other countries are fixing to kick the can back to us
@davidsimpson6870
2 ай бұрын
Your absolutely correct! The U.S. economy in nothing but a house of cards being supported by a fiat currency!
@OVERHERE-OVERHERE
2 ай бұрын
In Denial!
@OVERHERE-OVERHERE
2 ай бұрын
What is a dollar crisis…
@mr.brenman2132
2 ай бұрын
@lard_lad_AU Americans like you don't seem to understand that the economy is less important then stopping what's happening at the southern border. The economy can be fixed. That change can't be fixed. And the future of government and America as a whole depends on stopping that invasion. It's the worst crisis America has ever faced.
This alone is grounds for treason
Get Peter on more often
Imagine if we could drill our own oil?
How is he gonna fill it at nearly $100/barrel? Joe says to wait until it's $200 a barrel, it'll cause more inflation that way.
@littlemama5598
2 ай бұрын
😂😂
@mrmustangman
2 ай бұрын
joe is an !d!0t.... he sells it at 50 and buys it at 100
Who needs petroleum when we can charge our magical batteries with bird choppers and hail magnets? 😆
So where are all those EVs? Oh yeah, there is no existing electrical grid that can power them. Wind and solar is not going to do it. It takes a lifetime to permit nuclear power. So what's left? Where is the investment capital coming from?
@matthewcarroll2533
2 ай бұрын
some assholes pocket, that's where.
@genestone4951
2 ай бұрын
If an engineer had designed an energy transition plan it would be fine; but nope, it was id 10 T's.
@nodemever3291
2 ай бұрын
The electricity to power those EV charging stations is generated by plants burning natural gas and coal but before there exists a nationwide network of charging stations they will regulate the natural gas and coal plants out of existence Every climate change green energy pollution curbing plan enacted puts money into big corporations and politicians pockets most are government subsidized and do nothing to"protect" the environment but are huge kickback producers Think Solindra
With no mortgage,cant afford to keep my home because property taxes eat up half my income
Peter Schiff looks smarter and more prescient with each passing day. I was doubtful that his predictions for a surge in the price of gold in tandem with surging inflation would come true. But I am a believer now. His criticism of Jerome Powell is also spot on; Powell appears to be as clueless about the the inflation problem as Schiff has claimed him to be. Just look at oil; it is currently threatening $90!
@SamuelClemente7718
2 ай бұрын
😂😂😂😂. No mammm333$$$
His Chinese boss won't let him..
Isnt this illegal? Then again noone w the power to investigate, will ever do so. Sadly a sick fact..
Also the Social Security’s primary retirement trust fund will deplete its reserves by 2033, triggering benefit cuts of about 23%!
@SamuelClemente7718
2 ай бұрын
Republicans want to eliminate it completely!!
@geraldhowse8597
2 ай бұрын
Never happen. They'll just print more fiat.
@mrmustangman
2 ай бұрын
that WAS my retire date...... thanks, joe.!!!!!!
And we want an AUDIT for every penny the oil he sold off ❗😡🇺🇲
@blackrhino3442
2 ай бұрын
10% for the big guy.
Time to go grocery shopping.
@dolothedon6319
2 ай бұрын
😂😂😂
@JohnLee-
2 ай бұрын
How much more now ?
@wernerpanchenko6542
2 ай бұрын
Start growing own vegies
I had identical plumbing repairs done eight years apart by the same plumber. In 2016, it costed $500. In 2024, it costed $1000.
@DogmaFight
2 ай бұрын
That would be 9% inflation per year. Feels more accurate than the government's claim of 2% per year. I've been getting a "pricey" haircut at the same place for the last 6 years. In 2018 it cost $38. Now it's $78.
The USA government has not made a quality single strategic decision at least for the last 60 years.
I seen LA is paying 7 a gallon couldn’t them billions going to Ukraine be used for our oil
@anthonyrodriguez2413
2 ай бұрын
Most of the cost of gas in california is the taxes that California imposes. Other states don’t tax gas much as they do
@geraldhowse8597
2 ай бұрын
Think about it. That 7 dollars a gallon doesn't go to government. It's oil company money.
Peter is right about the cost to maintain a home. In New England, if your house needs a new oil burner, it'll cost $25k now for the unit & install.
The SPR should never be tapped unless the regular supplies of oil are completely cut off (Arab oil embargo V2.0) and the oil is needed to provide mobility fuel for the military or to bring in a harvest. Additionally, once the oil is released, it cannot be sold for export. Unfortunately, the SPR has been tapped every time the smallest hiccup occurs in the oil supply.
You really can’t make this stuff up! Who didn’t see the SPR becoming a fiasco? 🙄🤷♂️
THE GOAT OF ECONOMICS "THE SCHIFFMEISTER"
@sergeysmirnov7323
2 ай бұрын
⚡ GOLD $2349,65 ⚡
@Natures_Symmetry
2 ай бұрын
He's not the goat. He never takes any innovation in account when doing his analysis. His outlook on the world is from before the internet.
@sergeysmirnov7323
2 ай бұрын
⚡ GOLD $2349,65¢ ⚡
@TOCC50
2 ай бұрын
He still uses a Tandy computer
@silvermoneydude2044
2 ай бұрын
Not on btc, he's lost his clients epic amounts of money. You guys would all be multi millionaires by now.
The news guy is a tool.
@markanthony2495
2 ай бұрын
As fake as the WWF.
@abolisher
2 ай бұрын
Yeah but I’m only here to hear what Peter is saying…
@SamuelClemente7718
2 ай бұрын
Didn't peter get kicked out of Puerto Rico for FRUAD
You know Peter wanted a couple more minutes when this guy mentioned how "you know who" was going to change everything.
@gh-dw3tg
2 ай бұрын
100% agree....the country needs something new and understands econ....the "you know who" and "Mr. Stupefied" both raised the debt ceiling. They need someone like "Peter" to deliver reality....the people can't handle the truth.
@mr.brenman2132
2 ай бұрын
@@gh-dw3tgIt's not enough to be an economist. The economy can be fixed. America being invaded by Mexico can't. Demographic change can't be fixed and once that happens it's an impossibility for someone like Schiff to be in office. The next election decides if the America you once knew will still exist in 10 years.
@mr.brenman2132
2 ай бұрын
@@gh-dw3tgThe economy can be fixed. Demographic changes cannot. It's not enough to be an economist. The next election decision if the America you once knew will exist in 10 years. If the invasion continues it will be a statistical impossibility for someone like Schiff to ever be in office.
@mr.brenman2132
2 ай бұрын
@@gh-dw3tgIf what's happening at the southern border keeps happening you can kiss the America you once knew goodbye. You can fix the economy. You can't fix that change. That decides who gets into office as well. Small government and fiscal responsibility will no longer be an option.
@ugiustuskeiserus8066
2 ай бұрын
Lol he just amusingly said "ok" to it 😂
I bought oil stocks during the covid crash and still have them getting my divvys and am waiting for the rock and the hard place to happen. I also have gold I bought in the early 2000s.and still.waiting for 5000 gold before I sell any of it.
The DOE was replenishing the reserve at 76$ per barrel. It's been temporarily paused as oil is at 96$.
my home insurance went up $120 a month this year.
@gimmeshelter1969
2 ай бұрын
Everyone's home insurance is going up; mostly due to extreme weather brought about by climate change. Even folks who live in relatively safe areas are seeing steep increases in their premiums; it's like a stealth tax. Meanwhile, insurance companies are fleeing higher risk states like California and Florida leaving homeowners to fend for themselves as another crazy summer approaches. It's a great big mess.
@doriangray6985
2 ай бұрын
What extreme weather? I haven't seen any extreme weather my whole life.
@mark-os6fj
2 ай бұрын
@@gimmeshelter1969 Oh it is climate change! LOL. There are no more storms or more severe storms now than any other time in history. Just keep swallowing that big media pill. My whole life 52 now we only have 3 years to live because climate change. Ozone layer better now than ever in history, polar ice caps growing, sea level is not rising.
@mark-os6fj
2 ай бұрын
@@doriangray6985 We have actually had many years now of very mild weather.
@mark-os6fj
2 ай бұрын
@@gimmeshelter1969 you do know that the Earth has gone through several climate changes in history before there were even people here right?
They are going to fill the reserve with old solar panels.
After 20 years, you're finally right!!! That's right, I've been following your work for 20 years!😂 I always knew your premise was correct, but timing was horrible. Rome wasn't ready to fall. We still have a chance for one more cycle, but I'm not sure if Powell and company have the wherewithal to go far enough to get us there. So far though, they have held off on rate cuts even though we are already in recession. So hats off to them because they made it farther than I thought they would.
How about using royalty payments from drilling and mining on Federal lands to pay for the SPR refill. Strike a deal for new drilling permits that take crude oil at a set price as payment. Oil and Gas companies get new territories opened up and the SPR slowly gets filled. Too much sense, the government will never go for it.😢
Thanks Joe, love your work am going to vote for you...........NOT!
So we had the Great Depression and the Great Financial Crisis I am coining this new one we're headed into the Great Reset, Great Awaking or here's my favorite "The No Good Terrible Very bad Decade"
it's a simple case of good vs evil.
Peter dealing with a heavily biased commentator: "....ok"
@Leeyouno
2 ай бұрын
Peter already knows the outcome would only be slightly better.
@t.daniel5003
2 ай бұрын
Can't handle people telling the truth about the worst President ever, Joe, left Wing Biden??
Roofing went up a lot and the supply houses are expecting 30 percent more this year
Basically wants to start WW3, and got nothing in the tank. FJB!!!!!!!!!!!
Went doesn't any politician do anything about it.. impeach BIDEN!
It's not that they are out of touch. It is more likely that they are evil liars.
Joey got to go.
We are all praying this ends in November😊
The vitriol for this president is such a level I never observed.
@kansaskristi
2 ай бұрын
Same vitriol as ovomit
RFK Jr is the only one talking about balancing the budget and the national debt.
@geraldhowse8597
2 ай бұрын
Lol. Rfk j. Is just another liberal spending freak.
Criminal 😢
Let’s go Joe and his failed administration
BidenBombics
Gold at record highs and Pete hasn't released a video yet?
Love that tie!
SPR = 714 million barrels when full; current SPR level is 364 million barrels after BiDum drained it. Oil is $86/barrel. Do the math 86 x 350 MILLION.
I wish the people on the hill would stop lieing ti us.
@erickanter
2 ай бұрын
They have to lie to us
@bluphoenix6412
2 ай бұрын
Why would they stop? Like, why?
Never should have touch it now trump has take time to refill it
@bryincda
2 ай бұрын
Do you really think they will let Trump anywhere near the WH? With everything that they have done so far, I think there is no limit to what they will do.
@johndoe-mm3jk
2 ай бұрын
Imagine thinking trump would even be in the race at all still if he wasn't one of them 🤦♂️
@bryincda
2 ай бұрын
@@johndoe-mm3jk Hahahahah!
I'm favoured, Getting my own Truck has always been my Dream for my business. I just acquired 2 recently, earning $32K weekly has been really helpful. I can now give back to the locals in my community and also support Charity Organizations.
@baluraju7387
2 ай бұрын
Hello, how do you make such monthly?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
@JamieLynn41
2 ай бұрын
Thanks to Andrea Sheryl Fox .
@JamieLynn41
2 ай бұрын
She's a licensed broker here in the states.
@Alexanderpedro667
2 ай бұрын
Wow.. I know her too she is a licensed broker and a FINRA agent she is popular in US and Canada she is really amazing woman with good skills and experience
@Moore-helen
2 ай бұрын
I googled about her and yes, she's won my heart. She just gained herself a new client
Charles Schwab: you will own nothing and be happy
Thanks peter
3:25 US GDP is just under $28T, while the debt is $34.6T. So debt-to-gdp ratio is over 123% right now. They are massaging these numbers to get 97%. As far as i can tell, it seems like they are excluding intragovernmental debt, such as that owed to the social security trust fund. Shady.
With his mental condition, he has no clue what you people are talking about.
Jerome Powell must learn from Peter Schiff
@SamuelClemente7718
2 ай бұрын
Why
@usman9002
2 ай бұрын
@SamuelClemente7718 because the monitory policy is wrong
@SamuelClemente7718
2 ай бұрын
@usman9002 powell was hand picked
Correct statement Biden could but won't bad for America
Peter schiff is my idle smart man!
TGIF Peter, you missed a plug for silver when Dan asked you about a silver lining.......the silver lining is SILVER - it will go up way more than gold percentage wise. As always good job!
@bluphoenix6412
2 ай бұрын
Very true! Such a missed opportunity!
Home owners have to learn how to maintain their own homes. That’ll drive the labor to come in and fix it
I was bewildered about what is happening to the West, too. It didn’t make sense, until I read the book, The 4,000-year-Old Reason they hate Donald Trump. Now I get it, and its not nice.
Silver is the silver lining!
Love that gold-tie Peter...nice!
We don’t need the petroleum reserve! We’re going all electric!
@geraldhowse8597
2 ай бұрын
Lol good one.
We're screwed
Get ready U.S. it's going to be a bumpy ride no rough ride on gas prices
@bobbyhoward8935
2 ай бұрын
Crap
Peter is Schiff-ting into high gear 🎯😁
@SamuelClemente7718
2 ай бұрын
Hack
He can't even wipe on his own
@timothydempsey3763
2 ай бұрын
Depends
More details on refilling oil reserves plz
Year
China needed the reserves
Sold it all to China and left us with nothing. Good job
@mrmustangman
2 ай бұрын
....and sold it for 50/barrel but now wants to buy it for 100/barrel. biden must be a rocket surgeon or a brain scientist....
I tell you how it will happen! We are going to switch from refining heavier sour to American sweet! Boom 💥... How did nobody notice the 25% difference between regular unleaded and super?
Peter where are you? What’s going with the dollar and gold both rising at the same time? CPI came out and we have no video.
Well duh cause he just started draining it again
What does it matter if prices go up....print more money 💰 😅😅😅
Why not? That's his job.
You know, that thing...Bidonomics
Inflation: Don't call it a comeback, I been here for years
We're doomed private Frazer 👍
Is that anchor from Saturday Night Live?
Could the drop in quantity of physical gold held by GLD be due to foreign banks taking delivery rather than rolling over their GLD futures positions?
It was clear when he didn’t do it when prices were low in mid-2023 that he wasn’t going to do it at all in his first term (he certainly wouldn’t cause the price to increase during an election year).
Peter ❤❤❤😂😂
ACCELERATE!!!🎉🎉🎉🔥🔥🔥
He must be smiling with golden silver lining perhaps with the global geopolitical picture
The "ok" at the end, he knows trump can't fix this
Time to reread the real crash
maybe they can store some co2 experts in the spr depots 😂😂🤣🤣
no he says he will fill it with 65 dollar oil
He promised to destroy fuel industry only one kept