If you believe that inflation is bad now, simply wait till we enter into early next year. As you will see below, a few of the biggest corporations in the entire nation have just announced significant rate increases which will work during the very first couple of months of 2022. So if there are some things that you want to stockpile on, you may want to do it now, since your cash won’t extend as far as soon as we get a couple of months down the roadway. I actually wish that I had much better news for you. I really want that I could inform you that costs are going to level off and that financial conditions will return to normal soon. Sadly, the reality is that it appears that our issues will quickly be accelerating.
Earlier today, I was shocked to find out that General Mills has announced that rates on “hundreds of items” will be jacked up drastically in early 2022. In some cases, costs “will increase by around 20%”…
General Mills (GIS) alerted retail customers that it’s raising prices in mid-January on hundreds of products across lots of brands. They consist of Annie’s, Progresso, Yoplait, Fruit Roll-Ups, Betty Crocker, Pillsbury, Cheerios, Cinnamon Toast Crunch, Lucky Beauty’s, Wheaties, Reese’s Puffs, Trix and more, according to letters General Mills sent to at least one significant local wholesale provider recently.
For some items, prices will increase by around 20% beginning next year.
Ouch.
When you go to the grocery store after the holiday is over, prepare yourself for a case of serious sticker label shock.
Of course General Mills is not the just big corporation that will be doing this.
According to CNN, Tyson Foods, the Kraft Heinz Business, Procter & Gamble, and Kimberly Clark have all announced significant cost boosts for 2022 …
General Mills’ plans are the most recent proof that increasing prices won’t be going away anytime quickly for a few of the most identifiable food and family brands. The business is the latest customer manufacturer to announce price walkings starting next year, signing up with Tyson (TSN), Kraft Heinz (KHC), Mondelez (MDLZ), Procter & Gamble (PG), Kimberly Clark (KMB) and others.
In my entire life time, I have never ever seen anything like this.
Right now, a single shopping cart of food can easily run more than 250 dollars at the supermarket.
Once these rate increases enter into effect, will it take 300 or 400 dollars to purchase a typical shopping cart loaded with food?
Just thinking of that provides me the shivers.
Things are going to be changing at your regional dollar store too.
Today, it was announced that the market price point at Dollar Tree will be moving to $1.25 “by the end of April”…
After 35 years of selling products for a dollar, Dollar Tree is increasing its market price point to $1.25 by the end of April, the business said in a declaration Tuesday. While the choice is “not a response to short-term or temporal market conditions,” Dollar Tree acknowledged the inflationary environment and said the price increase will assist mitigate traditionally high costs, including freight and circulation costs, as well as wage boosts.
“Lifting the one-dollar restriction represents a significant action for our company,” Chief Executive Officer Michael Witynski stated in the statement. The relocation will permit Dollar Tree to broaden its product variety and reestablish some items that were pulled due to the $1 constraint.
It was inevitable that this day would come, but it is still extremely sad to see it actually happen.
When I was maturing, I remember going to the “five and penny”, and in those days you could in fact purchase things for a nickel or a dime.
Many readers might believe that a 25 cent increase is not that huge of a deal, however for the countless impoverished Americans that regularly store at dollar stores that will actually add up.
Unexpectedly moving from $1.00 to $1.25 is a 25 percent cost boost, which modification will actually use to thousands upon thousands of various products.
Inflation is quickly deteriorating our standard of living, and the American individuals are not delighted about it.
In truth, Americans disapprove of the manner in which Joe Biden is handling this crisis by about a 2 to one margin…
Americans extremely President Joe Biden’s handling of the inflation crisis (67%), according to the results from the most recent CBS-YouGov Poll.
There were 33% of Americans that did approve, however, which is just 11 points less than Biden’s governmental approval score of 44% in the survey.
Biden keeps spouting great deals of empty pledges that make it sound like he means to do something to combat increasing inflation, but his actions reveal that he truly does not care.
He keeps pushing for Congress to pass more absolutely colossal spending expenses, and he simply chose Jerome Powell for a 2nd term as the head of the Federal Reserve.
Powell and his cronies pumped trillions upon trillions of fresh dollars into the system in order to prop up the financial markets, but while doing so they have actually let loose a tsunami of inflation that is unlike anything we have actually seen given that the 1970s.
And this is just the start. As I cautioned in both Lost Prophecies and 7 Year Apocalypse, eventually we are going to be dealing with inflation that is far, far even worse than anything that we experienced back in the 1970s.
But Janet Yellen continues to insist that whatever will be just fine.
According to Yellen, inflation will be subsiding by “the 2nd half of next year”…
“I believe in the 2nd half of next year, we’ll start to see inflation subside and the way you’ll have the ability to see that is by taking a look at regular monthly inflation rates,” included Yellen, who addressed the forum practically.
Despite the fact that she has actually been wrong over and over again, you can keep believing her if you desire.
And you can keep thinking Jerome Powell, Joe Biden, “Dr. Fauci” and all the rest of them if you desire.
But they aren’t telling you the fact.
These are the days of the great currency meltdown that a lot of have actually been cautioning you about.
The dollar is in the procedure of dying, there are scarcities all over the country, our economy is being shaken in hundreds of different ways, and the worst global energy crisis in years has suddenly emerged.
Regrettably, things are going to get even worse in 2022.
So hold on tight, since a truly bumpy ride is ahead of us.
*** It is finally here! Michael’s brand-new book entitled “7 Year Armageddon” is now available in paperbackand for the Kindleon Amazon. ***
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