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Trump’s Fight Against Inflation

Posted October 30, 2024

Matt Insley

By Matt Insley

Trump’s Fight Against Inflation

Donald Trump has a straightforward plan to tackle rising prices in America: End the war in Ukraine.

This conflict has been a significant — yet frequently overlooked — driver of inflation.

And it goes back to supply chains, snarled (or sanctioned) because of the war…

  • Ukraine's role as a key grain producer, for instance, drove up food prices worldwide.
  • As the second-largest exporter of oil and natural gas, Russia's involvement in the war sent shockwaves through global markets.

“The Russia-Ukraine war can account for 70.72% and 73.62% of the fluctuation in WTI and Brent crude oil prices, respectively,” according to a 2024 white paper.

Clearly, the ripple effects of oil-price surges have impacted every segment of the U.S. economy.

As a consequence? Americans are paying more for essentials like gas and groceries.

To combat these issues, Trump proposes negotiating peace swiftly.

Send your opinions to, feedback@newsyoucanacton.com

Your Rundown for Wednesday, October 30, 2024...

Declaring War on Inflation (By Negotiating Peace)

Trump has been a vocal critic of Biden-Harris' victory-at-any-cost backing of Ukraine.

In a fiery speech at a North Carolina campaign event in September, the former President didn't hold back.

In light of the $175 billion Congress has already shoveled into Ukraine, Trump called Ukraine’s President Volodymyr Zelenskyy the “greatest salesman on Earth.”

But Zelenskyy questions Trump’s aspirations…

  • My feeling is that Trump doesn't really know how to stop the war even if he might think he knows how. With this war, oftentimes, the deeper you look at it the less you understand.

We agree with Zelenskyy. In part.

The reasons for the conflict in Ukraine run much “deeper” than most Americans understand.

As Paradigm’s geopolitical expert Jim Rickards explained in January 2022 (before Russia invaded Ukraine in February)...

“[Russia’s conflict with Ukraine] has roots going back to the end of World War II, the Cold War, the fall of the Berlin Wall in 1989, the fall of the Soviet Union in 1991 and the rise of Putin in the early 2000s.”

In other words, there’s a “long lineage” of bad blood between the two countries.

As for the U.S. economy, Jim accurately predicted: “You think energy prices are high now? Natural gas prices — and oil — will go through the roof.”

Here in 2024, with six days until Election Day, Trump's promise to end the Ukraine war isn't just a matter of foreign policy.

It’s a direct attack on inflation.

By resolving the Russia-Ukraine conflict, Trump aims to:

  1. Stabilize global energy markets, potentially lowering costs for Americans
  2. Restore normal agricultural trade, easing pressure on food prices
  3. Reduce overall economic uncertainty, encouraging investment and growth

Trump's stance on the war in Ukraine reflects his signature America-first approach.

Trump underscores the need to “get out” of this conflict, suggesting a more pragmatic approach to ending the war. At the same time, providing much-needed relief for American families.

Market Rundown for Wednesday, Oct. 30, 2024

S&P 500 futures are slightly in the green at 5,870.

Oil is up 1.15% to $68 for a barrel of WTI.

Gold’s up 0.25% to $2,788.50 per ounce.

Meanwhile, Bitcoin’s pulled back over 1% to $72,000.

Send your comments and questions to, feedback@newsyoucanacton.com

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