You Don’t Drive Diesel. You’re Still Paying for It.

You may never put diesel into your own vehicle, but you still depend on it for the goods and services you use every day.In Episode 303 of The Secret War on Cash, Dean Heskin and Chris Agelastos of Swiss America Trading examine rising gasoline and diesel prices and the wider economic consequences of higher energy costs.The hosts begin with fuel-price reports from Labor Day weekend and the continuing uncertainty surrounding the conflict involving Iran. They also discuss the Russia-Ukraine war, attacks on Russian refining infrastructure and the potential effects on diesel supply.Chris explains why diesel is especially important to school buses, trucking, farming, construction and the transportation of food and other consumer goods. When fuel costs rise, businesses may pass those expenses along to customers, reducing the amount of discretionary income households have available.The episode then turns to a Yahoo Finance article concerning the national debt and rising Treasury yields.Dean questions whether policymakers are taking the debt burden seriously enough, while Chris explains how higher debt can produce greater interest expense, larger deficits and additional borrowing. Investors may then demand higher yields, making the cycle more difficult to control.The conversation also addresses the debate over government spending, the challenges facing both political parties and why the hosts believe continued fiscal pressure can affect confidence in the U.S. dollar.Dean and Chris conclude by connecting those concerns with central-bank gold purchases and the importance of considering physical gold and silver as part of a diversified financial strategy.Brought to you by Swiss America Trading.Get your complimentary Secret War on Cash Report:Call or text 1-800-289-2646https://www.swissamerica.com/social