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

2 questions for Treasurer candidates:

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

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