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Posted on 01/23/2026 12:30:17 PM PST by RandFan
@PeterSchiff
Get ready for an energy shock as oil and gas prices surge. This week’s huge spike in natural gas, today’s jump in crude, and across-the-board dollar weakness suggest much higher prices are coming. All of this will push already rising CPI and Treasury yields to much higher levels.
(Excerpt) Read more at x.com ...
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The biggest energy shock will be experienced by China, and as a direct consequence by the global crime syndicate.
Dr. Doom ...
Gas just dropped almost ten cents per gallon today compared to yesterday at my local gas station. So we will see what happens I guess
Why would any rational person have long term confidence in the American dollar? Over $45 trillion in government debt, another $50 trillion in unfunded liabilities and commitments, increasing debt with every “funding” bill passed into law, a political subclass that embraces non productive socialism, despises productive capitalism, fraud advocates dependency and open borders and despite rhetoric an overall lack of real political or social will to channge from a largely demanding, passive, ignorant population. Rational people have to adapt to this sad reality.
Real wealth is in the form of property, metals and minerals. All of which are subject to harrassment by a grasping, expanding government.
The Witch who runs Michigan was lucky enough to have the gas tax increase she shoved through hit at the exact moment the gas prices went down. So win, win she won’t get blamed and it will look like Trump has not got the prices down.
Well, every other headline I read indicates that we’re all gonna die. At some point, I suppose, all of them will be right.
If you want a career in news related to financial matters there is no future in talking about good outcomes. Nothing sells like gloom and doom.
As Mark Twain said, “No man’s life, liberty, or property is safe while the legislature is in session.”
“Why would any rational person have long term confidence in the American dollar? Over $45 trillion in government debt, another $50 trillion in unfunded liabilities and commitments, “
$38 trillion
“increasing debt with every “funding” bill passed into law,”
The BBB is supposed to ru a ten year surplus.
$2.77 a gallon in Michigan
And we are not known to be a low price State or area.
the current estimated national net worth has risen to approximately $141 trillion to $145 trillion after accounting for government debt.
The calculation works as follows:
Total Private Wealth: As of the third quarter of 2025, U.S. household and nonprofit net worth reached a record $181.6 trillion.
Government Net Position: The federal government currently has a net position of approximately -$40 trillion. This is because federal liabilities (debt and future benefits) significantly exceed the value of recorded government assets like gold, buildings, and land.
Combined Net Worth: When you subtract the government’s net deficit from the private sector’s wealth ($181.6 trillion minus ~$40 trillion), the result is a consolidated national net worth of roughly $141 trillion.
Key Contextual Updates for 2026:
National Debt Status: Total gross national debt is $38.46 trillion as of January 16, 2026. However, total federal liabilities (including $15 trillion in future veteran/employee benefits) bring the total obligation to roughly $45.5 trillion.
Asset Growth: The increase in national wealth from 2024 to early 2026 was largely driven by an AI-fueled surge in corporate equities and resilient home prices.
“Hidden” Assets: Some estimates suggest that if you were to monetize all federal lands and mineral rights (often excluded from standard accounting), the government’s assets could be worth an additional $200 trillion, which would theoretically push the total national net worth over $300 trillion.
That’s what I get for trusting Grok ...
Grok:
The quote “No man’s life, liberty, or property is safe while the legislature is in session” is most accurately attributed to Gideon J. Tucker (also known as Judge Gideon John Tucker), an American lawyer, newspaper editor, and politician who served as Surrogate of New York County.
He wrote it in 1866 in a legal opinion or court decision, as documented in various reliable sources (including historical investigations and quote verification sites). Tucker lived from 1826 to 1899.
The quote is frequently misattributed to Mark Twain (Samuel Clemens), likely due to Twain’s similar witty criticisms of government and politicians, but there’s no evidence he said or wrote it. Many quote databases and articles now correctly credit Tucker, though the error persists in some places.
Took the other side of that rate bet. I can’t remember the last time that guy was right.
If Peter Shiffy says prices will be going up, I won’t be surprised to see prices go down.
Diesel in Colorado was running $3.30 a couple weeks ago, $3.20 last week, and $3.12 yesterday.
Gasoline usually trails by about $.20-.30, I think.
It’s 8 degrees here today, so the NG heater is running. I’m sure I’ll have a higher bill next month...
$4.55 a gallon for K1 heating fuel last week. One tank is 275 gallons. Do the math. Definitely higher than last year.
That macro assessment is little comfort to people who rightly calculate their wealth and material well being in the value of their dollar holdings. Yes America is a wealthy county but as my economics professor pointed out, the country simply cannot sell “Alaska” or allow its most productive lands to be purchased by foreigners who are seeking to create real value from the paper dollars they accumulate and still have a self determining, free nation. Nor do most ships have a decent fate if four out of ten of their watertight compartments are flooded. Pity Reagan never got the Balanced Budget Admendment he wanted or the line item veto.
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