Inflation is here, but is hyperinflation coming?
According to sources, supermarkets are stocking up in anticipation of some sort of crash. Reports cite inflation, but could inflation be our only woe?
Everything from supply chain issues to possible new lockdowns in certain countries could continue to effect the economic condition…..and that’s on top of the inflation already happening.
Inflation due to Biden’s spending policies, and never ending social welfare programs.
At the same time all of this is happening we are seeing decreased tax revenue and business expenses due to cancelling contracts for oil pipelines.
I am not going to lie, the situation does not look good, but maybe, just maybe something can save us in 2022.
Until then, read on and decide if you need to potentially prepare for something big coming:
Supermarkets Stock Up On Food, Office Supplies As They Brace For Even Higher Prices https://t.co/y54jTxFVKp
— Daily Caller (@DailyCaller) July 7, 2021
Daily Mail summarized the issue:
Supermarkets have started stockpiling food as inflation rises to its highest level in 13 years and they predict it will get worse.
Retailers are currently buying up to 25 percent more supplies than usual ahead of the predicted rise.
Recent data from the US Department of Agriculture revealed the consumer price index for grocery store and supermarket food purchases was up 0.7 percent in May compared to May of last year.
Supermarkets stocking up 🤔
What we missing here….
Hoarding commodities when prices are rising
Supply & Demand Manipulation by WS
But I thought inflation was ‘transitory’
Looks like we could see some First Class bullshit, in the coming weeks
Takeaway: STOCK UP! https://t.co/DbdnGsdCUN
— ⚖️ Rizo~Stonks⚖️ (@RizoStonks) July 6, 2021
Familiar scenes have returned to suburban supermarkets as South Australians clear toilet paper shelves while rushing to stock up on essential items despite no lockdown announced. The latest on the state’s evolving COVID situation in 7NEWS at 4pm and 6pm | https://t.co/Jy0YxspWqh pic.twitter.com/fSlgFfrrf5
— 7NEWS Adelaide (@7NewsAdelaide) June 30, 2021
The Guardian points out that this has been happening outside of the U.S. as well:
Sainsbury’s has warned of gaps on shelves as supplies of some products including salads, beers and soft drinks run low because of shortages of lorry drivers and an uptick in staff forced to self-isolate because of covid-19.
Supplies of some non-food items has also been hit by global supply chain challenges caused by shortages of shipping containers, interruptions at factories and a shortfall in computer chips caused by surging demand for electronic equipment.
Simon Roberts, the Sainsbury’s chief executive, said demand for soft drinks, beer and barbecue foods had all been stronger than expected in recent weeks as families continue to eat more at home and friends gather around their television sets to watch the Euro 2020 football tournament.