So new audio is come out confirming that Hunter Biden many times was giving 50% of his income to the vice president of the United States of America

Joe Biden who's now the president of the United States of America. What is the White House doing in response to this breaking news?

They're now attacking oil companies to try to cover it all up.

Now the president of the United States of America has now come out attacking oil executives and Biden telling these oil refiners you better produce more gas and you better have fewer profits.

Biden is chastising the oil industry over the fuel cost and demanding that they get in line and give us cheaper gas.

CNBC reacting to this and then I'm going to get back to this shocking news with Hunter Biden giving 50% of the income to his father.

But this is the play from the White House now to try to overshadow this new breaking news and listen to what Jim Kramer had to say on CNBC about Biden's new assault on the oil industry and the company CEOs.

What's worrisome to me is the president, our president is to send a letter to the oil companies saying you're making too much money and that is hearts back to an era of Jimmy Carter and the Jimmy Carter we're in full touch.

It's all the things that just say don't own stocks, just don't own them. The president uniquely rebuffed the oil companies who wanted to produce more and instead is going to go to Saudi Arabia because you call it a pariah and a murder state.

And in return we have this letter from the API to the White House say offering 10 steps you can do right now which largely I don't know Jim loose and federal land restrictions reduced disclosure requirements accelerate permitting stuff we've talked about for right.

The his base would just have a fit. His green base would have a fit they did that he's made it actually harder to cite pipelines in the last three months and they were before is a longer period where you can fight pipelines.

There is this element though that climate change is a real threat and that there are people who believe that to be the case and even more so that the industry itself does need is positioning itself for a time when most vehicles are going to be electric.

And therefore gasoline is not longer no longer going to be used anywhere near the amount it is. And that goes to the refining capacity side where Mike worth says basically why would anybody build another refiner.

It's a 10 year it's a 10 year period to get paid back and in 10 years how many vehicles on the road are going to be electric.

So it's a lie and they'll sell it. It's a five David X on expanding its refinery capacity and the president's picking on X on the next on has I mean one of the largest of fine refineries.

Yeah they're building more and they're also producing more. Yes they are.

Because it said X on you got to produce more what are you doing. Well they are they are really jacked up their cap.

Now I wanted you to hear this entire conversation from Jim Kramer the reason is clear they're having enough of this political BS from the president. You sent out this scathing leather rebuking the oil companies it's exactly what Jimmy Carter did in the late 70s which destroyed this country in our economy which gave us on a Reagan.

And when Jim Kramer says Biden's worrisome letter rebuking oil companies it hearts back to the Jimmy Carter area he is absolutely right but there's a timing issue here and the timing is why is this happening now.

I want to explain that to you in just a moment but before I get to that I want to tell you real quick about our good friends over at legacy precious metals.

If you've been paying attention you've seen the stock market that is in bear territory we're headed into a recession and that's why the stock market is plummeting now many economists are predicting now unfortunately this is actually just the beginning and we could see a market pull back well into 2023.

Now when this happens there is going to be tremendous losses than there already have been for many Americans in the portfolios.

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