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When It Comes To 2022, You Should Definitely Prepare For The Worst If you have a bad feeling about 2022, you are not alone. As we approach the new year, it seems like things are going wrong all around us. We are facing the most epic supply chain crisis in our history, inflation is out of control, vaccine mandates are killing careers and forcing people out of jobs all over the country, and America is the most deeply divided that I have ever seen in my entire lifetime. Meanwhile, another wave of the pandemic appears to be building, our hospitals are already packed with non-COVID patients, global hunger is on the rise, and a major war could erupt in the Middle East at literally any moment. Unfortunately, I am entirely convinced that many of the problems that we are currently dealing with will escalate to an entirely new level in 2022. For example, if you think that inflation is bad now, just wait until you see what is coming. We just got more evidence that wholesale inflation numbers are absolutely soaring…
The days of relatively low inflation are gone for good. As wholesale inflation numbers continue to spike at a very alarming rate, it is inevitable that these cost increases will be passed along to consumers. Unfortunately, some corporations have already announced price hikes that will go into effect in 2022. For example, check out the increases that Kraft Heinz has planned for January 9th…
A 20 percent price hike for mac and cheese? If you love mac and cheese, this would be a good time to start hoarding. Meanwhile, the price of gasoline continues to rise very aggressively…
I have been relentlessly warning that very painful inflation would come, and what we have experienced so far is just the beginning of a long national nightmare. As I discussed earlier this week, our unprecedented supply chain crisis is one of the primary factors that is causing inflation to run so hot. In particular, the global shortage of computer chips has been significantly affecting levels of production in countless other industries, and now we are being told that this shortage will last “well into next year”…
Of course the CEO of Infineon was still trying to be optimistic when he made those comments. In reality, there appears to be no end in sight for the chip shortage. The supply chain crisis is also deeply affecting the distribution of food all over the planet, and that even includes food banks here in the United States…
I am so thankful for all of the wonderful food banks around the country that do such a great job of feeding so many needy people. Unfortunately, their job is going to become increasingly difficult as our supply chain woes intensify. And without a doubt, our supply chain woes will get a whole lot worse once the new OSHA mandate goes into effect. A ruling by the Firth Circuit has temporarily suspended the mandate as litigation moves forward, and that is good news. But eventually it is probably inevitable that the U.S. Supreme Court will be forced to take up this matter, and the U.S. Supreme Court has made bad decision after bad decision in recent years.
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