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April 6, 2021 | Biden’s Policy to Double Gasoline Prices

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

Biden’s objectives, or should I say the people really running his administration that does not include even Harris, is to DOUBLE gasoline prices which is Part-B of this plan to “Build Back Better” which first requires you to destroy the economy as it currently exists. Part A was using the lockdowns to end commuting and force the bulk of the people to work remotely. That would end commuting. Part B is to double the price of gasoline by shutting down pipelines and preventing drilling wherever possible. Of course with state taxes on top of gasoline, as you can see reaching $5 to $6 in California has been accomplished.

On the futures, the major resistance stands at the 2.20 level. We can easily see gasoline prices rise to test the $4 to $5 level by 2023. I have been warning that this election was NEVER between Trump and Biden – this was about a major change and the agenda was coming from a coordinated effort spearheaded by the World Economic Forum.

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April 6th, 2021

Posted In: Armstrong Economics

One Comment

  • Avatar Harry Clarke says:

    The WEF (aka Communism for everyone) agenda is apparently ahead of schedule (according to at least on attendee of their last gathering). 2030 is being accelerated to 2025.

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