Machine Pun Kelly: Did corporations inflate prices to help Trump's election? Sure as fuck looks like that happened.

[orwell]

12. This is demonstrably true...

...it was mainly accomplished through oil price manipulation. To be clear, oil price has always been manipulated since the founding of OPEC.

Look at the spot commodity price of oil today vs. Nov. 4th. We are currently near 12 month lows.

The highest price of oil in the Biden administration was right after Russia invaded Ukraine ($130 per barrel) on the futures. It is 68.30 as of this post.

When oil began to really come down after it was realized that the Ukraine war was going to go on a lot longer than anyone expected, the Saudis (OPEC) began the production cutbacks to keep the spot price up. This was in the face of oil dislocations from the Ukrainian war. This was the prime driver of the lingering inflation rates. Energy is the most important economic input in global economies.

The fed had to react to these energy prices by raising the target rate (fed borrowing rate by banks.) This added the second barrel to the inflation longevity. Now you had high oil prices (most important input) and high real interest rates (most important financial system input.)

The oil prices, primarily kept high by the anti-Biden/anti-US Saudi MBS regime not only kept global inflationary expectations high, it almost certainly tanked any hope of the Democrats in the 2024 election.

This was direct collusion, between US oil producers (who cut drilling programs to keep supply down), the Russians (who hated Biden and the Democrats), and MBS and the Saudi's who wanted the rapist back in office.

It was brilliant and it worked.

BTW, most of the Oligarchs were more than happy with the entire process as it made them fabulously wealthy.