Path Forward Utah with Bob McEntee 6-11-2021

Published: June 11, 2021, 7 p.m.

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  • GOP      SCC will Select 3 Treasurer candidates (from 10 Candidates) for the Gov to pick from.\n
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    • Only 1 institutional investor.
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    • Several CPAs. One with no direct financial experience
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  • SCC      races:
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  • 16      for 7 seats on Constitution & Bylaws Committee, including yours truly.
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  • 12      for 5 seats on Audit committee, which is unusual including St. Auditor      John Dougall.
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  • Around      3 people for each CD, which has 2 openings and puts you on the EC.
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  • Inflation:      5% YOY, yet 10 year treasury yields 1.5%, someone is losing out.\n
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    • 1980s inflation calculation if used today: 15%!
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    • Oil back to $70/barrel (41 gallons).
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    • Used car prices up 30% due to demand and lack of new cars because of the chip shortage.
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  • US      No longer energy independent: Sigh.
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  • FL      & IA this week banned the teaching of Critical Race Theory.
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2 questions for Treasurer candidates:

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  • What state does not allow Title insurance? Should we do what they do?\n
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    • IA runs it and it's about 1/6 the cost of standard! Really made them bump up against paradigms.
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  • What state has a state-run bank not connected with the Federal Reserve system?
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  • Half of the pandemic unemployment stolen! Fraud? $400B.
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  • US 31st in Math.
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