April 19, 2022
Sad to say, but the progressive, liberal policy of the Biden administration has set us into a seriously inflationary season in the Western Hemisphere. Countries who import everything, particularly Caribbean countries, are feeling the pinch and it is primarily the Biden administration’s fault.
Free money, cancellation of student debt and incentives to earn money to stay at home has impacted the rise in prices. More money in the system with less people to work for it, so the people with money are piling on and buying what they could, when they should be working and earning a living and raising production along with it.
The high gas prices have nothing to do with the Biden administration, but it had made a bad situation much worse. No Venezuelan oil output along with shutting down Russian and Ukrainian oil and gas production due to the war between them and the Saudi’s deciding now is the time to gouge us all as well as narrowing output, has us all hurting. We want it all to stop, because the folks in these islands don’t make much. We can’t take this for two or three years straight- We are barely handling it now.
President Biden needs to do something. I don’t know what it is, but he has to do something. He is in the driver’s seat for all of us on this side of the earth.
Maybe he needs to swallow his pride and open all sources of oil production in the US for the time being? He won’t do it because it will mean he is going back on the clean energy pledge and the steadfastly committed environmentalists won’t allow that. They only see their precious agenda to save the earth, but if we don’t make it then who are they saving the earth for?
Maybe the US Federal Reserve can also raise rates? But this would mean Americans will enter into a cash crunch when policy makers need to give them the illusion of having US dollars in their pocket along with its purchasing power, regardless of how worthless it may be compared to what it was 10 years ago.
I see this high inflation dragging on into 2023. We had better buckle up because it may mean double the price for gasoline that we have now as well as more shortages on goods and items, including a food shortage that may turn this world upside down. Don’t say it can’t happen, because COVID-19 was not supposed to happen in the West.