All of the charts below are from this morning. Those percentage changes are for today versus yesterday. I know the MSM and Biden want you focused on Putin, but you are about to be kicked in the balls when going to the grocery store, filling your tank, and heating your home. What has happened since the US/NATO provoked conflict in the Ukraine, is on top of the already 7.5% inflation (really 15%) we were struggling with.
By we, I mean the lower and middle class. The oligarchs and uber-rich don’t give a flying fuck about inflation. They even have their puppet Powell continue to keep interest rates at zero and printing billions per day to keep their bank accounts growing. The last time inflation was this high, Volcker raised rates to 20%.
Looking at these charts, knowing the Fed is doing nothing, should convince you we are approaching the end-game. When oil prices skyrocketed in 2008 and food prices rose, the global economy seized up, revolutions broke out in the Middle East (starvation makes people ornery), and global stock markets crashed. We are rapidly approaching the point of no return. Are you ready?
Oil hasn’t been this high since 2014 and is up 350% from the 2020 low and 100% from pre-Covid levels. Think about Joe the next time you fill-up.
Natural gas is up 200% from the 2020 lows and 100% from pre-Covid levels. Time to turn that thermostat down.
Heating oil is up 350% from the 2020 lows and 90% from pre-Covid levels. I’m sure all the rural folks in the country are appreciating that now.
Copper prices are up 100% from the 2020 lows and 65% from pre-Covid levels. Lucky for the government they no longer put copper in their pennies. I wonder if all these new homes use copper pipes.
Wheat prices are now up 150% from the 2020 lows and 170% from pre-Covid levels. It sure is lucky the food in our grocery stores doesn’t use much wheat. You may need a credit line increase for your next trip to Piggly Wiggly.
Corn prices are up 170% from the 2020 lows and 100% from pre-Covid levels. Stock up on corn-pops and popcorn fast. Doesn’t our ethanol fuel use some corn?
Soybean costs are up 100% from the 2020 lows and the pre-Covid levels. You might not realize how many products include soybeans, but you will soon.
Live cattle prices are up 65% from the 2020 lows and 20% from pre-Covid levels. Buy those steaks now, because cattle feed might be going slightly higher.
This is the guy to thank, with an honorable mention to Powell and the Congress parasites who passed the trillions in spending bills. This can not be sustained, so it will not. The only question is whether it ends in a hyper-inflationary depression or a deflationary depression when everything implodes as global war breaks out. Enjoying this Fourth Turning yet?
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The German stock market went hyperbolic during their hyperinflation during the 1920s. You’ll just need a wheelbarrow of cash to buy a loaf of bread.
So they’re risking nuclear armageddon as a diversion from monetary catastrophe? Is there anything more satanically evil than government?
Ayn Rand from “The Nature of Government” 1964:
“We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force.”
We are already there….
People must realize this^^^ is one of the most serious results of poking the Bear. This is the equivalent of sinking a carrier task force or popping a suitcase nuke in our country. We desperately need this stuff. I propose composting all the fuqueing neocons as a substitute until sane people are in power here.
Local feed supplier is feeling PAIN already in getting products to mill, prices are heading up every day, and the shit hasent even started to hit the fan yet. Between trucking shortages, fuel costs, fertilizer availability, etc, etc its gonna be a bleak future for most. We are stockpiling what we can now before its gone or priced outside our comfort level. Freezers are full, next up flour, sugar, yeast and molasses.
Peach and strawberry season is right around the corner, so canning will begin in earnest and continue the rest of the year!
I was going to put off shopping for today, but it looks like I should spend money.
Molasses?
Mary,
Blackstrap Molasses benefits:
1. Healthy Hair—The anti-aging antioxidants selenium, manganese, and zinc in blackstrap molasses work from the inside out to soften hair, reduce hair loss and graying hair. Take a tablespoon of blackstrap molasses daily for a healthy head of hair.
2. Arthritis Reliever—The anti-inflammatory properties in blackstrap molasses ease the discomfort and symptoms of arthritis by reducing swelling, joint inflammation, and pain.
3. Promotes Strong Healthy Bones—Its rich supply of calcium supports healing and improves bone and connective tissue health.
4. Brain Booster—The calcium, magnesium, and B vitamins in blackstrap molasses fight fatigue, anxiety, and stress while enhancing brain function, mood, and focus.
5. Prevents Anemia—Because blackstrap molasses contains iron, it helps produce hemoglobin and red blood cells to prevent anemia.
6. Stabilizes Blood Sugar Levels—Its low glycemic index naturally slows glucose and carbohydrate metabolism, producing less insulin. It’s a healthier choice than refined sugar, especially helpful for people with diabetes.
7. Menstrual Relief—The iron, magnesium, and calcium in blackstrap molasses help reduce menstrual cramps and symptoms of PMS.
8. Healthy Skin—Use topically to soften and exfoliate the skin. Its lactic acid content can treat acne, eczema, and other skin conditions. To apply, wet the face and pat blackstrap molasses directed on the skin. Leave for five minutes before removing with a warm, wet cloth.
9. Digestion Aid—If you’re feeling over-full after a big meal, a spoonful of molasses might be the remedy as it stimulates digestion.
10. Constipation Remedy—Blackstrap molasses is a natural stool softener and prevents constipation.
11. Increases Stamina and Energy—Feeling sluggish? Consume a spoonful of blackstrap molasses to boost energy.
12. Natural Sleep Aid—When taken at bedtime, the calcium and magnesium help the body relax and promote restful sleep. Many people mix a tablespoon with warm milk (dairy or non-dairy) for a delicious sleepy-time drink.
https://www.farmersalmanac.com/12-health-benefits-of-blackstrap-molasses-you-need-to-know-106405
https://img.ifunny.co/images/02ab85ea0b4b39dfac7442c2979b26db90daadda0c77ea02778bc7c2c49b616e_1.webp
I’m actually hoping for inflation in particular gas. Something has to wake up the brainwashed. Repeated Trucker strikes could also do the trick.
It won’t matter. The Democrats now have a boogeyman to blame for everything that goes wrong and that they can’t blame on Trump: Putin. It’s all the Russians. “Re elect Democrats to congress, and we’ll get it fixed for you.”
Our only hope is 100% conservative voter turnout in November and all vote Republican. Then the voter fraud will be impossible to hide or ignore–total vote will exceed registered voters. I’m not sure what happens then, though.
The RBOB which is the symbol for spot market gasoline cracked $3.40 today which means $4.39-$4.69 a gallon. Retail is usually about a Dollar more than the RBOB. Give or take.
My bulk heating coal order for all next winter is staged 22 miles down the road, paid in full and will be in my backyard next week.
Best get what you can while it’s still available and affordable.
It’s coming.
Stock up on feed and flour too…..
SALT. The most important thing that most never think of stockpiling.
You must have read Alas, Babylon.
Salt.
The great preservative, seasoning and silent killer.
Bought a 50# bucket years ago sealed and kept in a dry place.
Only the Prog fools on the east coast use heating oil. They refuse to allow natgas pipelines so they continue to use the most expensive, dirtiest heating source, even though they are woke enviros and tree hugging virtue signalers.
Rural people use propane. “All I’ve ever really wanted to do is sell liquified petroleum.”-Willie Nelson on “King of the Hill.”
They do use some LNG which is shipped right through high population density areas, is volatile and a tanker is equivalent to a tactical nuclear weapon. Because they are the smart people!
Deep rural people use wood for heat.
…and some not so deep rural too. heat pump down to about 35, wood when it gets cooler than that. In a pinch, wood anytime. Just wish I had a wood fired boiler for hot water, or wood fired steam engine to run the generator…
I run a wood outside boiler..heats forced air for house, forced air to garage, in floor in garage, in floor in kitchen, and hot water.
AP, many act like the markets are doing great because we are still fairly close to all time highs. With the mad printing fueled inflation, the market at the recent all time high represents an actual value of 10-15% less buying power than before Dementia Joe was “installed.” 10-15% less may be only wishful thinking on my part.
One of the only wealth preservation strategies besides precious metals and things of real value, commodities, ammo etc. is stocks of solid companies that make or produce things people need and will pay for.
One thing you can count on is to be taxed at outrageous rates for price inflated everything if you sell.
Drove around town yesterday, needed gas today, a 20 cent rise in price within 24 hours.
Same f#ckin gas in the gas station storage tank yesterday and today
Just filled up, prices here in rural Nevada shot up 50 cents last couple days. Unleaded $4.00 and going up.
The Fed is doing what it’s bosses demand and has done for twenty years now: supporting the stock market with low interest rates. They’re going to continue until no one in the world wants the Dollar. Or until the revolution.
https://www.goldonomic.com/When%20Money%20Dies.pdf
The only people who faired better than others were the Union employee’s.
From the book.
Misery, however, was already present in abundance, and the trade unions’ energies were shortly
to be directed almost exclusively at winning wage increases for their members in some way in
line with the mounting cost of living: for the time being, a pliant government and an even more
pliant monetary system seemed to be all they wanted. The facts of life, after all, were plain
enough to them as Christmas 1920 approached.
It was significant enough that union, demands were still for higher wages to meet rising prices
rather than, before all else, stable prices and a stable currency. A few of the financially
sophisticated could be heard blaming the government, and the Finance Minister in particular, but
a typical view was that prices went up because the foreign exchange went up, that the exchange
rate went up because of speculation on the Stock Exchange, and that this was obviously the fault
of the Jews. Although the price of the dollar was a matter for almost universal discussion, it still
appeared to most Germans that the dollar was going up, not that the mark was falling; that the
price of food and clothing was being forcibly increased daily, not that the value of money was
permanently sinking as the flood of paper marks diluted the purchasing power of the number
already in circulation.
The dems want oil and gas prices up and to maximize pain at the pump – it helps to push the renewables/green agenda
If they only would care to understand the second order affects and beyond they would see it’s not what they expect but they never do
Check your premises – by urbanizing all but the very few needed to feed a greatly reduced population, their model works, for a twisted definition of ‘works’. Forced migration into cities means that fewer will require automobile style transportation. There are still second and third order effects, but their magnitudes are lower when the count of ‘eaters’ is lower…
It is hitting everything. I called my logger friend to get a load of logs delivered for next heating season. Last year I paid $650, now he is charging $800. The increase in diesel fuel is killing them big time. I shouldn’t complain because $800 to heat my house, garage, and hot water is still cheap compared to what people who rely on gas/oil pay. I planned to start pulling wood off my properties eventually, but looks like I will be doing that sooner than later. Rate we are going I will be getting the cross cut saws and axes out. But we will always have heat!
I sold a guy that’s building a barn a bunch of lumber last year Nov and it’s 3 times more now. I talked him into buying in Nov and taking delivery later, I saved him over 30K.
https://www.activistpost.com/2022/03/food-crisis-eu-expects-shortages-s-korea-feed-producers-to-declare-force-majeur.html?utm_source=Twitter&utm_medium=Social&utm_campaign=OneUpApp
Went to one gas station today $3.85 for regular, line was 5 cars deep at every pump. Drove to other gas station 1 mile down, no line, $3.96. Filled up tank, 10 gallons. I ain’t waiting in line for $1.10.
Hmmmm, my maff sez you was only losing a eleven cents.
You want my 5th grader come over here and explain it? Or did you lose your reading glasses?
(You know I love you my friend. Just pulling your leg, and humor often does not translate well in writing)
My maff sez .11 x 10 = $1.10
My spell checker sez I ham awn straik.
Diesel, the fuel for our vehicles, went from 4.29 to 4.49 during my lunch break Wednesday. Overnight it went from 4.49 to 4.99. My wife’s response, “Maybe we will skip Easter vacation”
Not “Put it on the credit card”
And there is the real problem. While we live within our means in our paid off home there are plenty of people in debt up to their eyeballs. Paycheck to paycheck for them in January means sliding underwater and drowning now.
On the bright side, there is going to be some real bargains soon if you have money to spend.
Bargains on what? Houses? Honest question.
I wrote here before that my husband and I like Chaffee county in Colorado, the region around Salida. Beautiful mountains. I saw one house in Buena Vista last week that was sold for $260K in 2016. It came on the market two weeks ago for $855K and is already under contract. Insanity. I wished we bought a house 5 years ago. Coulda woulda shoulda. It seems like we are priced out of the market there and will not be able to afford to live there. Forever? Who knows.
Svarga…I bought my house in Colorado for around $300k and sold it for just a bit under $1 million to a CA buyer – cash offer – 1st day on the market. The BEST investment I ever made!
Edit: Of course, a lot of those gains got eaten up in legal fees recently. Sad.
Do you take clients for financial advice? Legal fees from divorce?
I have to add that to my list of regrets from the other QOTD: Not buying Bitcoin when it was $0.10 and not buying three houses in Colorado, one to live in and two to sell later. Live in each house for 2 years each just before sale to prevent capital gains tax.
Legal fees for bad behavior in the eyes of the state.
The sad part is that I really did not want to sell it. I loved it and the location. Would do anything to get it back. But…it did work out well for me considering…God was watching over me for sure.
It might sound lame to some, but often, something good comes out of all that.
Yes, for sure. Rough two years, but my faith in God has only strengthened…so it’s all good. 🙂
Look for a 2008 pullback or worse. Banks lend up to the bleeding edge and most don’t understand there is a reason to only have a certain % of your income tied up in a mortgage. Someone that was right at 27% of income is now at 30-35% in real dollars with 7% inflation and we’re just getting started.
Same thing with vehicles. People are currently paying sticker-plus for the new car smell and financing. We’re shopping for a used car for my daughter and I’m already seeing prices come down. Not to reality yet but 5% price cut seems to be fairly common.
The sale is coming. These are the events wealthy people wait for to buy assets for pennies on the dollar. I’m not wealthy but learned money management from some people that knew what they were doing.
Went grocery shopping today, many items up 25% . Selection is still there for most items.
Fuel prices going up……grocery prices will go up further.
Northern Cal here
I just went into town this morning and drove past the station where I normally buy gas and it is now $5.59 for regular I found it cheaper in town for $5.29
Yes. Egon von Greyerz says the stock market will crash in real terms (and he always means “in terms of gold”), but it is not clear if that translates to a crash in nominal terms. Who knows? What we do know is that we are fucked either way.