This morning, we’re serving up a couple more readers’ opinions… 

“Climate change is not caused by carbon dioxide,” Virgil H. claims. “World leaders who promote it don’t actually believe it either. It is all about control and political power.” 

And speaking of political power — including its incestuous nature — Alan D. writes: “There is one part of the SBF/FTX scam that the media is not following up on. Here is the connection between SBF/FTX and the Biden Administration… 

“SBF’s former girlfriend, Caroline Ellison, was CEO of Alameda Research — SBF’s failed hedge fund. Caroline is the daughter of Glenn Ellison, a top professor of Economics at MIT… where SBF met Caroline Ellison when they were both students. 

“Professor Ellison was also Gary Gensler’s former boss as Gensler himself was a former MIT Economics professor; Gensler is now head of the Security and Exchange Commission (SEC) under Joe Biden.

“One purpose of the SEC is to prevent financial fraud by investigating companies like FTX. Because of his connections to the Ellisons, when the House starts their hearings on the FTX fiasco, they should subpoena Gary Gensler to find out what he knew about FTX.

“By the way, the Rude Awakening’s Sean Ring knew of this connection and even mentioned it shortly after the FTX collapse.” 

Ahh, yes, we recall Sean’s issue… when he said Caroline Ellison had a “face like a dropped pie.” We wouldn’t normally shame someone for their looks, but in her case? Well… 

Today, we’re turning the floor over to Sean Ring today for a diesel update… 

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Your Rundown for Wednesday, January 25, 2023...

See No Diesel, Hear No Diesel

“While gas prices have come down, and the President brags about it, diesel has kept inflation in the system,” says Sean. “And it will for some time.

“Let me explain… Inflation wasn’t transitory. In fact, the inflation story still isn’t over. But if you read the mainstream media, you’d think it was.

“One big reason… is that the powers that be have you looking at gas prices: The average gas price is $3.259 per gallon. Not great. But well below what it was just a few months ago.

“How about diesel? The average diesel price is $4.549. That’s much more expensive than gasoline.

“So, the President keeps your eye fixed on gasoline while the diesel price has remained elevated,” Sean notes. 

“By increasing the cost of transportation, which can lead to higher prices for goods and services… companies may pass on those costs to consumers in the form of higher prices.

“Additionally, higher diesel prices can also affect inflation by increasing the cost of production for many goods and services.

“Diesel fuel powers a wide variety of industrial and agricultural machinery,” says Sean. “When diesel prices rise, the cost of production for many goods and services may also increase. This can lead to higher prices for consumers.

“Higher diesel prices also affect inflation by reducing consumer spending power. When diesel prices are high, consumers may have less disposable income to spend on other goods and services, which can lead to slower economic growth. 

“Overall, higher diesel prices can significantly impact inflation by increasing the cost of goods and services, reducing consumer spending power, and slowing economic growth.

“We’re still not out of the inflation woods yet,” Sean concludes. “In fact, we may have more to go, as the inflation from diesel affects us up and down the supply chain.

“The unseen transportation costs are getting passed on, while the seen transportation costs (gas) fall.” And that’s just the way Team Biden likes it! 

“The fact is, everything that is either made or delivered to you is done via diesel,” says Sean. “Driving your car to the mall” — presumably using gasoline — “is the last thing you do for a purchase.”

Market Rundown for Wednesday, Jan. 25, 2023

S&P 500 futures are down 1.10% to 3,985. 

Oil is down a few cents to about $80 for a barrel of West Texas Intermediate. 

Gold is down 0.70% to $1,922.80 per ounce. 

And Bitcoin has pulled back 1.65% to $22,500. 

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