Doesn’t mean The Shit Isn’t Hitting The Fan.
The key take away,
By the end of this summer, food shortages, the energy crisis, and the realization that the NATO folly of picking an unwinnable proxy war with Russia along with even higher inflation will kill whatever vestiges of this historic bull market remains. That is when Wave 3 down, the big stock market crash that I have been referencing will occur probably some time between August and October.
That is when the real pain will begin.
I say the first of it is already happening in some places.
New Yorkers paying five bucks a gallon for gasoline may think things can’t get much worse — but in one California town people are shelling out nearly double that for a fill-up
A Chevron station in the coastal village of Mendocino about 175 miles north of San Francisco was charging $9.60 a gallon for regular on Friday afternoon.
That’s more than $3 a gallon above the state average of $6.30, and $4.78 higher than the national average of $4.82, according to AAA.
But individual stations throughout the country are charging more than the average, including one LA station that topped $8 on Friday.
Prices have also surged in New York, where the statewide average has hit $4.851, according to AAA – with the average in all boroughs except Staten Island topping $5 Saturday
$9.60 a gallon, and it’s not even Mid June yet, the typical start to the Summer Driving Season.
Food prices are slated to DOUBLE by Fall.
There is a lag between when the Farmers get hammered cost wise to put crops in the ground and when they hit the market.
“People don’t realize what’s fixing to hit them,” Texas farmer Lynn “Bugsy” Allen said. “They think it’s tough right now; you give it until October. Food prices are going to double.”
The 8.8 percent increase in food prices that Americans have already seen doesn’t take into account the dramatically higher costs that farmers are now experiencing. That’s because farmers pay upfront and only recoup their expenses at the point of sale, months later.
“Usually, what we see on the farm, the consumer doesn’t see for another 18 months,” said John Chester, a Tennessee farmer of corn, wheat, and soybeans. But with the severity of these cost increases, consumers could feel the effects much sooner, particularly if weather becomes a factor.
“Nothing that consumers are paying is going to bridge the gap for farmers right now,” according to Lorenda Overman, a North Carolina farmer who raises hogs and grows corn, soybeans, and sweet potatoes. She said the spike in fuel costs has put her farm into the red this year.
“The prices now have not hit the grocery stores yet,” but she expects they will start to by the end of summer.
We are fixing to go grocery shopping for the week here in a couple of hours and I will be looking at prices hard.
I already have been but The Wifely Unit just keeps saying there is nothing we can do about it and she will pay whatever it costs.
That’s because she has never been truly hungry before without knowing where the next meal is coming from.
Once that happens to you personally, YOU NEVER FORGET IT.
I have told her over and over and over again to buy more long term food NOW, because every time from here to God knows when that you go to the store, it is going to be more expensive.
Normalcy Bias is a silent killer people.
Normalcy Bias (noun) The phenomenon of disbelieving one’s situation when faced with grave and imminent danger and/or catastrophe. As in overfocusing on the actual phenomenon instead of taking evasive action, a state of paralysis.
A State Of Paralysis.
Disbelief, Inaction.
Millions of people just like my wife are about to get bitch slapped right up the side of the head.
There is no talking to her about it.
She is going to have to find out the hard way.
I am working around her as much as I can.
That’s all I can do.
There is going to be pain and suffering coming.
Get ready for it as best as you can.
My wife is actually a hell of a lot luckier than she will ever know.
I can be a resourceful little monkey when I have to be and I still retain a lot of knowledge about surviving Hard Times.
I’ve been hungry before and I won’t do it again as long as I have the strength to get out of bed and keep going.
Hard lessons are coming for her and millions of people like her though.
