Your Standard Of Living Is Being Systematically Destroyed – Michael Snyder

Posted: 16 May 2022 06:27 PM PDT

Most Americans didn’t understand that the exceedingly foolish decisions of our leaders would eventually have a major impact on how they live their lives every single day.  But there are some of us that did.  Many of us literally begged our politicians to stop borrowing and spending trillions upon trillions of dollars that we did not have.  But they refused to listen.  And many of us literally begged the officials at the Federal Reserve to stop pumping trillions upon trillions of fresh dollars into the financial system.  Of course they wouldn’t listen to us either.  Now our standard of living is steadily being eviscerated, and most of the population seems quite surprised that this is happening.

Flooding our economy with money was inevitably going to create an inflation crisis, and that is precisely what has happened.

Back in May 2020, the average price of a gallon of gasoline in the United States was $1.96.

One year later, the average price of a gallon of gasoline in the United States was $3.08.

That was more than a 50 percent increase in just 12 months.

But that wasn’t the end of the story.

On Sunday, the average price of a gallon of gasoline in the United States hit an all-time record of $4.47.

Then on Monday it hit another all-time record of $4.48 per gallon.

That means that the price of gasoline has risen almost another 50 percent since May 2021.

Has your paycheck gone up by 50 percent during each of the last two years?

Needless to say, most of you cannot answer that question affirmatively.

Of course some areas of the country are being hit harder than others.  In California, the average price of a gallon of gasoline has now reached $5.92.

But just wait until the war in the Middle East starts.

Once that occurs, it won’t be too long before many Americans are paying 10 dollars for a gallon of gasoline.

Meanwhile, food prices in the U.S. are rising at a pace that is unlike anything that I have ever seen before.  Just check out these extremely alarming numbers that the government released last week

Thursday’s report showed a broad-based rise in the cost of food at the wholesale level, with grains up 41.3 percent from a year ago as Russia’s war in Ukraine raises world prices. Both Russia and Ukraine are major grain producers.

The cost of eggs skyrocketed 161.3 percent, driven up by a bird flu outbreak that has killed 10 percent of chickens in the US. Processed young chickens were up 24.1 percent from a year ago.

Fresh vegetables were up 45.7 percent and fresh fruit rose 17.3 percent.

Eating fresh vegetables is a very good thing to do.

But now they will cost you 45 percent more than they did a year ago.

Has your paycheck gone up by 45 percent over the past year?

Sadly, food prices have been going crazy all over the globe, and this is going to hurt those on the bottom of the economic food chain the hardest.

In fact, the head of the Bank of England is using the word “apocalyptic” to describe the impact that these prices will have on the poor…

The Bank of England governor has blamed the war in Ukraine for the highest inflation in the UK for three decades and warned that “apocalyptic” food prices caused by Russia’s invasion could have a disastrous impact on the world’s poor.

And the head of the UN World Food Program is warning that extremely painful food prices could lead to widespread civil unrest in many areas of the planet…

A perfect storm of war, extreme weather and Covid-19 will drive global food prices to levels that will cause social unrest in some parts of the world, according to David Beasley, head of the United Nations World Food Programme.

“If people can’t feed their children and their families, then the politics unsettles,” Beasley told CNN during a conference on Thursday.

If you have been waiting for everything to “go back to normal”, you can stop.

Because it isn’t going to happen.

Homes are becoming a lot less affordable too.

As a result of a “combination of rising home prices and higher interest rates”, the average payment on a new mortgage is now 38 percent higher than it was 12 months ago in the United States…

The combination of rising home prices and higher interest rates — driven largely by the Federal Reserve’s more aggressive efforts to curb inflation — hiked monthly mortgage payments on the typical U.S. home by 19.5 percent in the first three months of the year, according to real estate listing service Zillow. Payments are 38 percent higher than a year ago.

Has your paycheck gone up by 38 percent over the past year?

I keep asking questions like that to point out the fact that your standard of living is being systematically destroyed.

It wasn’t just an intellectual exercise when I penned long article after long article about the evils of debasing our currency.

This is real.

I wasn’t joking when I warned that we were committing financial suicide.  Now a day of reckoning has arrived, and everyone is expecting the same clowns that got us into this mess to get us out of it.

It ain’t gonna happen.

Once the next major crisis comes along, our leaders in Washington will respond by borrowing and spending even more money, and the “experts” at the Fed will respond by pumping even more fresh cash into the system.

And ultimately we will have the kind of horrific inflationary meltdown that I have been warning about for years.

Things didn’t have to turn out this way.

But the American people just kept sending big spenders to Washington, and any political candidates that dared to be critical of the Federal Reserve were considered to be “fringe”.

Now we get to reap what we have sown, and it will not be fun at all.

The post Your Standard Of Living Is Being Systematically Destroyed appeared first on The Economic Collapse.

Now We Are Being Told To Expect Food And Diesel Shortages For The Foreseeable Future

Posted: 15 May 2022 05:45 PM PDT

If you think that the food and diesel shortages are bad now, then you will be absolutely horrified by what the globe is experiencing by the end of the year.  All over the planet, food production is being crippled by an unprecedented confluence of factors.  The war in Ukraine, extremely bizarre weather patterns, nightmarish plagues and a historic fertilizer crisis have combined to create a “perfect storm” that isn’t going away any time soon.  As a result, the food that won’t be grown in 2022 will become an extremely severe global problem by the end of this calendar year.  Global wheat prices have already risen by more than 40 percent since the start of 2022, but this is just the beginning.  Meanwhile, we are facing unthinkable diesel fuel shortages in the United States this summer, and as you will see below there are “no plans” to increase refining capacity in this country for the foreseeable future.

If you had told me six months ago that we would be dealing with the worst baby formula shortage in U.S. history in the middle of 2022, I am not sure that I would have believed you.

But that is precisely what we are now facing.  One young couple in Florida searched stores in their area for four hours and couldn’t find anything

When Erik and Kelly Schmidt, both 35, went into a Central Florida Target store this week to buy their usual baby formula, Up & Up Gentle, for their five-month-old twins, they found an empty shelf.

The pair then embarked on a half-day journey in search of formula, any formula, and their quest didn’t end there. “We spent over four hours going to every Target, different Walmarts, different grocery stores, just finding absolutely nothing,” Erik Schmidt said.

Of course the Biden administration has made sure that there is enough baby formula for migrants that are illegally crossing the border, but for millions of ordinary American families this crisis has become a complete and utter nightmare.

One father actually broke down in tears right in the middle of the baby formula aisle in Walmart because things have become so desperate for his family…

Sara Owens, of Florence County, said she was hunting for baby formula for his six-month-old daughter, Namoi, amid a nationwide shortage when she encountered a dad break into tears after driving from store to store looking for his daughter’s brand of formula.

‘As tears continued to stream down his face he said ‘I never thought I would be crying because I can’t find what my child has to have,” Owens wote in the Facebook post that’s been shared more than 180,000 times. ‘My heart broke to 100 pieces on the formula aisle in Walmart.’

Sadly, we shouldn’t expect any improvement any time soon.

As I discussed last week, the Biden administration shut down one of the most important baby formula manufacturing facilities in this country a while ago, and the CEO of Abbott Nutrition says that it will take a few months to get products back on the shelves once the FDA finally allows them to reopen the plant…

Meanwhile, the plant remains closed as the company works to make upgrades to the facility to meet the FDA’s recommendations. Abbott says it can have products from the facility back on store shelves after a few months once the FDA signs off on them doing so.

Needless to say, baby formula is not the only thing in short supply right now.  As shortages grow and prices spiral out of control, grocery stores are increasingly becoming prime targets for thieves.

In fact, things have already gotten so bad in the Midwest that one major supermarket chain has decided to post armed guards in their stores

The shoulder patches say, “A Helpful Smile in Every Aisle,” but the police-style uniforms, complete with belts with holstered taser and possibly handguns, may send a very different message as Hy-Vee deploys a new retail security team in its stores.

The West Des Moines-based supermarket chain will begin introducing its own security force “as part of its ongoing efforts to ensure the health and safety of both its customers and employees,” the company announced in a news release on Dec. 29. The program will roll out throughout 2022, but security teams are already present in some stores.

As I have warned for many years, eventually we will see armed guards in supermarkets and on food delivery trucks all over the nation.

In the months ahead, food production is going to be way below expectations all over the globe.  The following summary of what farmers are currently facing comes from Zero Hedge

Across the world, top wheat-producing regions are experiencing adverse weather conditions that could threaten production. In places like Ukraine, a military invasion by Russia has slashed production significantly. All of this suggests the world is on the cusp of a food crisis.

Droughts, floods, and heatwaves have plagued farmland in the U.S., Europe, India, and China. As for Ukraine, the world’s largest wheat producer, the war could slash production by upwards of a third.

As I have previously detailed, some countries have already decided to ban certain types of agricultural exports as they brace for the coming global food crisis.

And we just learned that India has now decided to ban the export of all wheat

India, the second-largest producer of wheat, has banned exports of the commodity, due to a risk to its food security.

A Friday notice in the government gazette signed by Santosh Kumar Sarangi, the Director General of Foreign Trade, said that a “sudden spike” in the global prices of wheat was putting India, neighboring and other vulnerable countries at risk.

This is huge.

Supplies of food are getting tighter with each passing week, and this is already starting to spark food riots all over the world.

For example, we witnessed some very emotional protests in Iran last week

Protests broke out in Iran Thursday after the government cut subsidies for food, sending prices through the roof as authorities brace for more unrest in the following weeks.

In videos shared on social media, protesters can be seen marching through Dezful and Mahshahr in the southwestern province of Khezestan, chanting “Death to Khamenei! Death to Raisi!” referring to Iranian President Ebrahim Raisi has promised to create jobs, lift sanctions, and rescue the economy.

And in Sri Lanka the citizens are so angry that they are actually burning down the homes of politicians

Protesters in Sri Lanka have burned down homes belonging to 38 politicians as the crisis-hit country plunged further into chaos, with the government ordering troops to “shoot on sight.”

Police in the island nation said Tuesday that in addition to the destroyed homes, 75 others have been damaged as angry Sri Lankans continue to defy a nationwide curfew to protest against what they say is the government’s mishandling of the country’s worst economic crisis since 1948.

This is just the tip of the iceberg.

Things will get really crazy in the months ahead as global food supples get a whole lot tighter.

Meanwhile, we are being warned that there is likely to be a “diesel fuel shortage on the East Coast” during the months ahead…

The possibility of a diesel fuel shortage is being monitored as diesel fuel prices across the country and in Maryland continue to surpass all-time highs.

According to fuel industry experts, all signs are pointing to a potential diesel fuel shortage on the East Coast that could cripple an already fragile supply chain.

Last week, the price of diesel fuel in the U.S. rose to an all-time record high of $5.62 a gallon, and it is only going to go higher.

The biggest reason why we are facing such a supply crunch right now is because there are “simply too few refineries turning oil into usable fuels”

From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both US travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’s simply too few refineries turning oil into usable fuels.

Surely more refineries are being built to meet the growing demand, right?

Wrong.

Mountains of regulations that have been instituted by our politicians make it extremely difficult to build and operate a new refinery in this country.

As a result, we are being told that “the supply squeeze is only going to get worse” for the foreseeable future…

More than 1 million barrels a day of the country’s oil refining capacity — or about 5% overall — has shut since the beginning of the pandemic. Elsewhere in the world, capacity has shrunk by 2.13 million additional barrels a day, energy consultancy Turner, Mason & Co. estimates. And with no plans to bring new US plants online, even though refiners are reaping record profits, the supply squeeze is only going to get worse.

To a very large degree, we have done this to ourselves.

And as I keep telling my readers, decades of very foolish decisions are starting to catch up with us in a major way.

Our trucks and our trains run on diesel, and so a shortage of diesel will only make our ongoing supply chain crisis even worse.

This nightmare never seems to end, and there will be plenty of pain in the months ahead.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

The post Now We Are Being Told To Expect Food And Diesel Shortages For The Foreseeable Future appeared first on The Economic Collapse.

Steve Martin

STEVE & LAURIE MARTIN - LOVE FOR HIS PEOPLE FOUNDERS My good wife Laurie and I (45 years in October 2022!), through the ministry of Love For His People we founded in 2010, give love and support for our friends in Israel and in other nations with friendship, humanitarian aid, and social media support, along with Steve's messages, and our Ahava Adventures trips to Israel. Steve has also authored and published 34 books. We live in the Charlotte, NC area. We have four adult children, spouses, and eight grandkids.

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