• GOP SCC will Select 3 Treasurer candidates (from 10 Candidates) for the Gov to pick from.
o Only 1 institutional investor.
o 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.
o 1980s inflation calculation if used today: 15%!
o Oil back to $70/barrel (41 gallons).
o 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?
o 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 pandemic unemployment stolen! Fraud? $400B.
• US 31st in Math.