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… New wholesale inflation numbers from September are in and once again prove the rapid increase in prices for everyday items isn’t “transitory” as President Joe Biden has repeatedly claimed. Wholesale prices rose by 8.6 percent compared to September 2020, matching the largest increase on record.
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… In a letter to a regional distributor to grocery stores obtained by CNN Business, Kraft Heinz said it plans to raise prices on hundreds of items beginning on January 9, including varieties of Jell-O gelatin and pudding, which will jump from anywhere between 7 percent and 16 percent, and Bagel Bites frozen snacks, which will see an increase of roughly 10 percent.
Meanwhile, Cool Whip topping varieties will see an increase of 7 to 10 percent. The cost of EZ Mac will rise 3.5 percent, while a 7.25-ounce dish of Kraft Big Bowl Mac & Cheese will see a 20 percent price hike. 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… Gas prices soared to a seven-year high, reaching a nationwide average of $3.42 as of Tuesday, according to data from the American Automobile Association. That’s 16 cents higher than a month ago, or $1.31 more than a year ago, and 80 cents more than in 2019, according to AAA. 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”…
The latest dose of reality was offered up by Infineon’s CEO, who said this week that the chip shortage would last “well into next year,” according to Bloomberg. Infineon a German semiconductor manufacturer founded in 1999 that is one of the 10 largest semiconductor manufacturers in the world. Sales to the automotive industry make up about 40% of the company’s revenue.
All true and it all could have been avoided If all of the fools that voted for the current maniac the White House had a clue and what it would cause to allow the left wing radicals to have their way but all sorts didn’t for some reason maybe watching too much MSM brainwashing TV! I know former high raking police officers and other professionals that actually thought Biden was the right pick! I cannot fathom how none of them saw this coming!!!
I was in a great mood when I republished this article today; not! Its your projection on steroids from a different perspective but all caused by the same failed human beings!