Right, and we are talking about the necessities of life here, like food which is all shipped to each individual store by diesel or gas powered trucks which will be passing on their increased fuel costs to consumers.
When all you can afford are the necessities of life, they economy is going to start going down bigtime, while inflation keeps going up.
They called this Stagflation back when Jerry Ford was President, if I remember right.
It ain't pretty...
Just curious. Did you read oceanview's ideas? I found them very interesting!