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What Will You Do When Inflation Forces U.S. Households To Spend 40 Percent Of Their Incomes On Food?
Economic Collapse Blog ^ | 5/5/21 | Michael Snyder

Posted on 05/06/2021 3:02:19 PM PDT by Roman_War_Criminal

click here to read article


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To: Jane Long

I hear that!

I am the ‘whitest’ Yankee Girl you’d ever want to meet - and I would eat Mexican cooking every DAY if I could. :)


121 posted on 05/06/2021 8:01:14 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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To: ConservativeInPA

I wouldn’t be surprised if we (someday) find that Trump DID win at least 49 states, in the stolen 2020 election.

I am hoping you are right on, about 2024.


122 posted on 05/06/2021 8:02:18 PM PDT by Jane Long (America, Bless God....blessed be the Nation πŸ™πŸ»πŸ‡ΊπŸ‡Έ)
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To: CodeToad

That’s the problem, you think everyone else is responsible for you but they are not.


Again, another flat out lie, by you.

High horse, and all.


123 posted on 05/06/2021 8:05:48 PM PDT by Jane Long (America, Bless God....blessed be the Nation πŸ™πŸ»πŸ‡ΊπŸ‡Έ)
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To: Hambone 1934

I don’t know about you but I nearly choked when Trump called for $3T for pandemic relief. Economists have been saying for decades that we were way too far into debt but it but the collapse never happened. Still, after all those years of gloom and doom, I was conditioned to think that we were on the brink of financial ruin, so I reflexly pret near panicked when Trump called for increasing it so drastically.

And it won’t happen as long as the world economies are pegged to the US dollar. I know China wants to change it that so that the yuan is the dominant currency. I just don’t see that happening for the foreseeable future.


124 posted on 05/06/2021 8:11:02 PM PDT by be-baw
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To: Brian Griffin

Biden’s keystone pipeline nix raised gas some 80 cents here.
These liberal/socialist/commie policies will soon have us 30 trillion in debt.


125 posted on 05/06/2021 8:19:28 PM PDT by Lumper20 (If one never served in war-He/she should never be a Gov. Department head.)
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To: Roman_War_Criminal

This keeps me up at nights.


126 posted on 05/06/2021 8:23:52 PM PDT by sauropod (Chance favors the prepared mind.)
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To: Eagles6

I have a weekly budget for myself of about $35 and I can buy what I need for the entire week. Chicken or fish, fresh veggies and some fruit. No sugary foods.


127 posted on 05/06/2021 8:24:34 PM PDT by hsmomx3
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To: ConservativeInPA
The communists in the old USSR won every election for decades (they fixed the results). Their undoing was a collapsed economy.

The communists in the USA will win every election post 2020 (they cheat). Their undoing will be ...

128 posted on 05/06/2021 8:55:35 PM PDT by Tellurian (2/4/2004: DARPA Lifelog terminated, Facebook initiated.)
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To: Textide

I paid 17.00 for two small boneless ribeye the other day, that is my treat for myself.


129 posted on 05/06/2021 9:19:45 PM PDT by markman46 (engage brain before using keyboard!!!)
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To: cherry

Yeah but is it frankenstein corn with so much DNA changed its just a corn colored and shaped man made molecule?


130 posted on 05/06/2021 9:20:12 PM PDT by pangaea6
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To: Roman_War_Criminal

Kill two birds with one stone.


131 posted on 05/06/2021 9:23:29 PM PDT by RckyRaCoCo (Please Pray For My Brother Ken.)
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To: clearcarbon

Isn’t it poisonous?


132 posted on 05/06/2021 9:32:29 PM PDT by Patriot Babe
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To: Patriot Babe
"Isn’t it poisonous?"

I suspect the heart is.
133 posted on 05/06/2021 10:11:29 PM PDT by clearcarbon (Fraudulent elections have consequences.)
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To: markman46
steak has shot up a lot just in the last few weeks....

nothing like a good ribeye....

134 posted on 05/06/2021 10:39:48 PM PDT by cherry (we are the dominionated)
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To: Diana in Wisconsin

Well, if beans are on the menu, then people ought to stock up on Bean-O.


135 posted on 05/06/2021 10:43:32 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith....)
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To: Tilted Irish Kilt

β€œMy view is that this acceleration in the rate of price increases is likely to prove temporary,” Rosengren said Wednesday.
Do you believe him? I don’t. β€œ
******************************************************************************
No I don’t believe him. I remember a time when the first class stamp cost 3 cents. I remember when gas for the car was 33 cents per gallon. I remember when hamburger cost 33 cents per lb.

The question is not will there be inflation - that’s a resounding yes. The question is will it be galloping double digit-such as we had during Carter and Early Reagan years, or something worse-like we have seen in Venezuela?

I have considered buying food for long term storage as an investment that is just as important a part of a balanced portfolio as any other asset.

And by the way - lumber prices - We purchased a big supply to build a shed less than a year ago. Two by Fours are now priced at 3 times what we paid then. - That’s 300% in less than a year (for those of you living in Rio Linda).


136 posted on 05/06/2021 11:10:53 PM PDT by greeneyes ( Moderation In Pursuit of Justice is NO Virtue--LET FREEDOM RING)
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To: greeneyes

“...for those of you living in Rio Linda.”

LOL! First chuckle of the day. Thanks! :)


137 posted on 05/07/2021 6:48:26 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust post-Apocalyptic skill set. )
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To: nascarnation

Agree and he better get moving. We need social media platforms to communicate since twitter and facebook bans continue for Trump


138 posted on 05/07/2021 6:53:38 AM PDT by JerryBlackwell (some animals are more equal than others)
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To: Diana in Wisconsin

πŸ‘πŸ€£πŸ˜ŽOne of my favorite sayings I picked up from the golden AIB microphone guy. Ha.


139 posted on 05/07/2021 8:23:58 AM PDT by greeneyes ( Moderation In Pursuit of Justice is NO Virtue--LET FREEDOM RING)
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To: Jane Long

All the above is a good approach if you have the resources. The standard prepping items to start, food, water or secure source, medical items, guns and ammo(may be challenging now if you have to start). Food inflation is going to continue so buy a little extra if possible each time you shop. Booze can be used for barter, all of this is in a fecal material hitting the fan scenario, in addition I have recently been adding silver as insurance for the above situation. I am not counting on making any money on it(very manipulated market), it is there just in case.

Real estate is good, I have been in the markets for a while but have not been adding recently. I like crypto, it has a lot of volatility, but good potential upside and not controlled by central bankers who would monetize the currency. They would have to shut down the internet to kill it, which they will try to do as this takes away power from them and governments.

I see us in the beginnings of very difficult times, I have a general idea of the direction we are going, but very unclear about how we get there.

This is basically planning for possible contingencies, some more likely than others


140 posted on 05/07/2021 8:27:34 AM PDT by phormer phrog phlyer
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