Economic Idiot Joe Biden reportedly shutting down Line 5: Why I will NOT be selling my Enbridge (TSX:ENB) Stock and will most likely buy the Dip – November 9, 2021,
So we’re hearing more and more about Line 5, but I also like to talk about election fraud in Michigan, which only exists if you’re a conspiracy theorist. As we know big government along with labor unions destroyed Michigan. Well now, it’s the Climate Alarmists destroying Michigan and quite frankly, it wouldn’t surprise me in the least if they were successful.
It’s easier to destroy than it is to build, but the Joe Biden administration is getting very expensive and because Americans were given an ECONOMIC contrast between Joe Biden and Donald Trump, most Americans can clearly see that America is not only looking more like it did under Barack Obama but Joe Biden’s lack of leadership is being put into question, which is a problem Barack Obama never had.
Nobody Questioned Obama’s leadership, American voters made sure Obama was the face of their country, but the finances were being influenced by Republicans within 2 years. Now, under Joe Biden let’s call it for what it is, he’s an idiot, he has a far-left agenda as does current Michigan Governor Gretchen Whitmer, but prices are rising and they will continue to rise and this hurts people on fixed incomes. But I’d like to remind people that The 2022 Michigan gubernatorial election will take place on November 8, 2022, basically a year from now, which oddly enough will be wintertime in Michigan.
Even if the weather is great in November 2022, prices for everything would have been higher for an entire year, which is what will happen if Line 5 is shut down. If Line 5 is closed everyone in America would have been made poorer because of Joe Biden and Gretchen Whitmer. This is not the type of story that will go away, this is huge, in fact for some this might turn Enbridge which has always been environmentally responsible into a hero.
Currently, most people aren’t paying attention to this Line 5 story, but I’d like to remind the reader that energy prices are high because of new existing regulation policies imposed by Joe Biden, Line 5 will be an ADDITIONAL regulation on American energy. You have to understand that from an economics standpoint, Joe Biden’s administration is not only dissolving into isolationist energy policies, they’re also at war with American Fossil Fuels companies.
To date, as far as renewables go, the only way to make these renewables economical is via corporate welfare schemes, like carbon taxes, carbon offsets, etc. These green corporate welfare schemes haven’t made renewables more efficient, in fact, they’re making renewables less efficient, if you know anything about turning Direct Current into Alternating current as well as energy storage problems, which currently still rely on fossil fuels, you’d see how stupid all of this madness is.
But stupid people tend to double down on their stupidity, after all, why shouldn’t they? Joe Biden and Gretchen Whitmer both get paid via the taxpayer, they don’t have to operate in a market economy, and let’s call it for what it is, there are a lot of people who are financially dependent on the government, and these people tend to imagine people in pursuit of profits to be evil.
So in this regard, I expect that sometime in the future, Americans will become very annoyed with the Biden Administration and whether silently or loudly, do some sort of protest. Now, why I’ll buy the dip if this stock nose dives, has to do with INFLATION if this green corporate welfare agenda is the new normal inflation is inevitable and the cost of living rising will likely equate to stocks like Enbridge (TSX:ENB) IN THE LONGER TERM rising also.
I personally think this economy is DEFLATING, but I think people forget we’re on a FIAT monetary system, which always governments to get away with regulations it couldn’t get away with if we were on a Gold Standard. This type of corporate welfare would never work under a Gold Standard but it could become reality under Fiat standard. It’s just that well, the poor will get poor as the cost of plastic and other petroleum-based products rise and consumer items for the poor become more scarce.
Most people aren’t paying attention to how huge the Petroleum industry is and how much better it makes our lives. People are completely ignoring plastic in all of this, if this green agenda gets passed, you wait and see what happens to stock prices. Venezuela had a stock market boom while its economy was DEFLATING! Do not forget that people got rich during the Great Depression, the majority who waited on the government and so-called “experts” remained poor, make sure you take the time to enhance your financial education. I have friends in Venezuela, not everyone is poor there!
Interesting times ahead!