News
Fertiliser maker Yara says world faces extreme food supply shock
Norwegian fertiliser giant Yara says donors urgently need to close the U.N.'s $10 billion food programme funding gap to avoid a catastrophe as sanctions on Russian fertilisers and Ukraine's grain export problems have created an extreme global shock.
In Gold We Trust Report 2022
To ignore the warning signs and continue with the strategies of the past is to ignore the third, crucial cry of wolf.”
US Consumer Spending Holds Up as Households Dip Into Savings
US inflation-adjusted consumer spending rose in April by the most in three months, indicating households were holding up in the face of persistent price pressures by dipping into savings.
Housing Bubble Getting Ready to Pop?
Stocks of homebuilders swoon amid worst inflation in construction costs, shortages, and spiking mortgage rates that take buyers out of the market.
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Four decade High Inflation.
Inflation is out of control.
The biggest financial crash in history is coming…
We’re not even halfway into the year and here’s what’s lurking around the corner…
According to the Wall Street Journal:
U.S. Inflation accelerated to 8.5% in March - Hitting a four-decade high consumer-price index increase from the year earlier, driven by skyrocketing energy and food costs.
U.S. airline fares leapt 10.7% in March from February, accelerating as travel demand recovered from the last C0VlD-19 wave. Air-travel prices were 23.6% higher than they were a year earlier.
New vehicle prices decelerated on a one-month basis, rising 0.2% in March from the prior month. However, the 12.5% 12-month increase was the sharpest since 1975. Despite the monthly decline in used-vehicle prices, those were still up 35.3% from a year earlier.
Food inflation is also raising consumers’ grocery bills. Meat prices were up 14.8% in March from a year ago, at the fastest clip since 1979. Breakfast cereal prices climbed 9.2% in the past year, the sharpest increase since 1989.
The craziest part is, the rich will still stay rich.
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Most people should prepare for serious hardship…
But smart people can expect tremendous gains.
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