Scott Garliss on Biden's Anti-Fracking Policy: Economic Ripples and Job Concerns
If we saw a fracking ban go into place in by, we could see roughly 7 million jobs in this country lost... That would be absolutely devastating.
Ever wondered how political decisions ripple through the economy? In this episode of 'American Medicine Today', Scott Garliss, an economic market analyst and editor of The Stansberry Newswire, joins Dr. Alfred Bonati, Kimberly Bermel-Bonati, Jeff Wagstaff, and Ethan Youker to unpack the potential fallout from Biden's anti-fracking stance. Although Biden claims he isn't against fracking, his past statements have left many skeptical. Garliss dives into the numbers, revealing that a fracking ban could spell disaster for the US economy.
Imagine losing around 7 million jobs—it's a chilling thought. The Chamber of Commerce warns that such a policy could drain trillions from the country's revenue and GDP. Pennsylvania, a state that threw its support behind Biden, might find itself particularly hard-hit, with millions of jobs on the line. But it's not just about jobs. The conversation also touches on the broader financial landscape. Garliss suggests that diversifying investments—think bitcoin and gold—could be a smart move in these uncertain times.
There's also a deep dive into how household savings and energy independence might be affected. As if that wasn't enough to chew on, the episode wraps up with a look at Trump's lawsuits over voting. It's a jam-packed discussion that balances serious economic analysis with accessible insights, making it a must-listen for anyone interested in the intersection of politics and economics.