Food inflation in Biden's economy will continue to rise into the foreseeable future as supply chain collapse worsens
By jdheyes // 2021-09-15
Copy
 
There is a reason the government doesn't include food, clothing, and energy in their inflation index, because if they did, Americans would become rebellious overnight. Those three things cover the vast majority of expenditures for every household in the country, so it has always been in the government's interest (regardless of who is in power) to keep those costs out of the inflation index. And it's times like now when the government benefits the most from keeping all of us in the dark. You may have heard that inflation has skyrocketed under the Biden regime, due in part to supply chain issues from China, but also because of the faux president's economic policies. No sooner than Biden took office he canceled the Keystone XL pipeline and hundreds of oil and gas exploration contracts because he is doing the bidding of the left-wing socialists running things from the shadows, and their agenda is to strip Americans of as much independence as possible so they rely almost completely on government for their existence. That process is continuing through runaway inflation, especially at the grocery store, as reported by The Epoch Times: An executive of Kroger, one of the largest supermarket chains in the United States, warned grocery prices are about to become even higher this year as inflation sets in. Inflation is running hotter than previously anticipated, and prices are slated to rise an additional 2 to 3 percent over the second half of 2021, Kroger CFO Gary Millerchip said during a call with reporters. Kroger will be “passing along higher cost to the customer where it makes sense to do so,” he said on Sept. 10. Understand that one way to control a population is by making them poorer, then 'coming to the rescue' with government 'aid' that always comes with controlling strings attached. In any event, add to this a worsening supply chain situation, and you can quickly see why inflation is getting worse and will remain out of control for the foreseeable future. From a private-sector intelligence report we receive: Due to the ongoing impacts of Typhoon Chanthu, several major ports and air terminals in Eastern China are suspending services. Shanghai’s sea and air terminals, the Ningbo port, Zhoushan refineries and schools in many cities are shut down as a result of flooding, power outages, and strong winds. Supply chain analysts say the closures “are likely to further delay shipments and damage global supply chains” as no relief in logistics is on the horizon. "The majority of holiday consumer goods are coming from Asia, with September and October considered the last window for shipping. Expect continued decreases in product availability like technology, furniture, tools, auto parts, and clothing this winter," said an analyst accompanying the intelligence report. Food and energy prices are the most concerning to the vast majority of Americans, though. “Just four large conglomerates control the majority of the market for each of these three products [beef, pork and poultry], and the data show that these companies have been raising prices while generating record profits during the pandemic,” National Economic Council Director Brian Deese said last week. “Those companies have seen record or near-record profits in the first half of this year,” Deese said, referencing JBS, Tyson Foods, Cargill Meat Solutions Corp., and the National Beef Packing Company. “And that has coincided with a period where we’ve seen disproportionate increase in prices in those segments.” Secretary of Agriculture Tom Vilsack did what every left-wing Marxist Democrat does -- he sought to demonize the companies, not his boss' policies, accusing them of "price gouging." But in fact, if these companies don't turn a profit, they won't be in business for long and then there won't be anyone selling food. The rioting will be unstoppable if that happens. Meantime, the best advice we can give is stock up now on the foods and supplies you most use, so that when they are less available or completely out of stock in the coming months, you won't be affected. Sources include: TheEpochTimes.com Chaos.news
Copy