JACK POSOBIEC: ‘The regime still exists’

Jack Posobiec, host of Human Events Daily, broadcasted Wednesday’s episode live from West Palm Beach, FL alongside his brother Kevin Posobiec and other guests. During his opening monologue, he cautioned viewers that “the regime still exists” despite the Donald Trump election victory going into 2025.

“MAGA is on the beach. We got to get over the hill. We’ve got to get all the way up there,” Posobiec stated before highlighting some of Trump’s confirmed cabinet picks.

He applauded the selections of Stephen Miller, Dan Scavino, James Blair and Taylor Budowich, all four of whom worked as senior advisors to the Trump campaign, as senior staff in the new administration.

Posobiec also highlighted Trump’s “huge surprise pick” Pete Hegeseth for Secretary of Defense. “This took Washington DC by storm,” he said.

Hegeseth will need to be confirmed by the Senate, something that may prove to be an uphill battle as “the military-industrial complex does not want to nominate someone who is best known for being a veterans advocate, who served and continues to serve, by the way, honorably in uniform, and someone who is an absolute advocate for the soldiers, the Sailors, Marines and Airmen of the United States military,” the host stated.

Watch the full episode below.

This Story originally came from humanevents.com

What is the Gold-to-Oil Ratio?

The gold-to-oil ratio expresses the price relationship between gold and West Texas Intermediate (WTI) crude oil. WTI is a grade of crude oil and one of the three primary benchmarks for oil pricing, along with Brent and Dubai Crude.

A high ratio indicates that gold is relatively expensive compared to WTI crude oil, and vice versa. This can indicate periods of outsized demand for energy in the form of crude oil, or periods of monetary uncertainty when there is higher demand for gold.

Below is the gold-to-oil ratio every decade between 1946 and 2024.

During the 1950s and 1960s, fixed gold prices and stable oil prices kept the ratio between 11 and 13 for 20 years.

Since the 1980s, the ratio has typically traded within the range of 6 to 40 with a notable exception: in 2020 when the ratio reached a high of 91.1. The peak in 2020 was driven by COVID-19, which boosted gold prices as a safe haven while oil demand and prices plummeted due to global lockdowns.

In contrast, between 2000 and 2008, oil prices were relatively high compared to gold. During this period, the ratio dropped to nearly 6 but never rose above 16.

When comparing the two commodities, it’s worth remembering that the crude oil market is around 10 times larger than that of gold, making it the largest commodity market in the world.

If you enjoyed this graphic, make sure to check out this graphic that shows the top countries by natural resource value.