War Rages - Inflation Ravages | Schaftlein Report

War Rages - Inflation Ravages | Schaftlein Report
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Guest: Dave Brat – Liberty University Dean, School of Business
Topics:
1) Russia appears to signal it is willing to negotiate an end to the war while Ukraine say no until territories are restored - Dean provides a historical perspective
a. Henry Kissinger says Ukraine must cede some territory to Russia over the next two months to start peace talks to end the war
b. Russia is using food as a weapon by seizing grain and bombing grain storage facilities
2) Plans are in the works for Biden to announce Student Loan Forgiveness up to $10,000 - This is sure to get a court challenge
*This is a highly controversial gambit likely to backfire
3) Diesel fuel average cost is now $5.61 up 75% from a year ago adding to inflation anxiety
*Under Trump, the U.S. was producing 13M barrels a day - Under Biden, that has dropped to 11.5M
**The Biden energy policies are proving to be a disaster for the country
4) Inflation is costing the average American an extra $327 per month - Adjustable rate mortgages are going up adding an average of $400 additional monthly payment - Housing inventory of unsold new homes rose significantly in April
*Layoffs are on the rise in technology companies as capital to cover losses dries up
5) Biden walks back his China policy statement
6) Why has the national media completely ignored the Hillary Clinton fake Russia leak?