I have watched my retirement IRA diminish by over 25% in the past few months while the cost of gas, food and other commodities have skyrocketed.
I have listened to the President and the so-called experts try to explain what is happening and it doesn’t make a lot of sense.
I just received my midyear IRA statement and the capital gains and dividends paid out exceed what I have gotten the past couple of years. What is going on?
It must be that companies are doing well as people continue to buy, but it is the poor and retired on fixed incomes that are suffering. I would like someone to explain the following scenario that I just experienced on a trip from Odessa to Las Cruces NM to attend a conference.
In that 320 mile ride, I got to counting and figured in the 5 hours stretch of time we were on the road, there were almost 4,000 semi-trucks going each way delivering goods to stores and the same on the return trip. Can you imagine how many trucks that would be in a day and that’s only a miniscule stretch of highway?
At the eastbound border patrol station, the line of trucks waiting to be checked was over a mile long!
Going to Las Cruces, I was fascinated to see two dozen trucks carrying blades for wind production turbines to generate electricity being transported east. I wonder how much diesel fuel it took to deliver them to wherever they were going and how long it will take for them to produce enough electricity to pay for their transport?
As fuel prices rise, I can see why other cost rise also. Given the restraints the oil companies are under from the government, I think the biggest problem is we can’t produce enough fossil fuel and until the government changes those policies, inflation is here to stay no matter what the FED or anyone else does.
I wish some of those coastal liberals would come to West Texas and see how the world and economy actually works.
Charles Cotten
Odessa
