Hyperinflationary Collapse

Go To The Stores And Stock Up Now Because Things Are About To Get Really Crazy

If there are things that you need to stock up on, you should do it right away.  For weeks, I have been writing articles about the rampant inflation that we are witnessing right now.  We haven’t seen anything like this since the Jimmy Carter era of the 1970s, and many are warning that it is going to get even worse in the months ahead.  So that means that prices are never going to be lower than they are at this moment.  Even more importantly, we are also being warned that the widespread shortages in our economy are about to get even worse.  In fact, the largest meatpacker in the entire world was just hit by a cyberattack, and this has forced it to stop activity “at its plants in several U.S. states”…

The White House said on Tuesday that Brazil’s JBS SA has informed the U.S. government that a ransomware attack against the company that has disrupted meat production in North America and Australia originated from a criminal organization likely based in Russia.

JBS is the world’s largest meatpacker and the incident caused its Australian operations to shut down on Monday and has stopped livestock slaughter at its plants in several U.S. states.

Many of you may not be familiar with JBS, but this is a very big deal.

According to Bloomberg, “a fifth of America’s production” will be wiped out while these plants are down…

JBS’s five biggest beef plants in the U.S. — which altogether handle 22,500 cattle a day — have halted processing following a weekend attack on the company’s computer networks, according to JBS posts on Facebook, labor unions and employees. Those outages alone have wiped out nearly a fifth of America’s production. Slaughter operations across Australia were also down, according to a trade group. One of Canada’s largest beef plants was idled for a second day.

Until this crisis passes, and hopefully that will be as soon as possible, meat will be harder to get and prices will be higher.

The Biden administration is once again blaming Russia for this latest cyberattack.  Whether that is true or not, relations between the U.S. and Russia will continue to rapidly deteriorate, and many are deeply concerned about where all of this hostility will eventually take us.

Sadly, this new meat shortage is just the tip of the iceberg.  Earlier today, the Drudge Report linked to an article with this stunning headline: “How the World Ran Out of Everything”.  The following is a short excerpt from that article…

In Conshohocken, Pa., Mr. Romano is literally waiting for his ship to come in.

He is vice president of sales at Van Horn, Metz & Company, which buys chemicals from suppliers around the world and sells them to factories that make paint, ink and other industrial products.

In normal times, the company is behind in filling perhaps 1 percent of its customers’ orders. On a recent morning, it could not complete a tenth of its orders because it was waiting for supplies to arrive.

You may have noticed that products are increasingly going “out of stock”, and this trend isn’t going away for the foreseeable future.

Meanwhile, inflation threatens to spiral wildly out of control.  At this point, even Costco executives are publicly warning that inflation has become a major problem…

Don’t tell Costco executives that inflation is low.

The big-box club chain said it’s been seeing accelerating prices across a range of products, including shipping containers, aluminum foil and a 20% spike in meat prices over the past month.

“Inflationary factors abound,” CFO Richard Galanti said on the company’s fiscal third-quarter earnings call Thursday.

If you know that you are going to need something in the months ahead, buy it now, because with the way things are going there is a very good chance that you will be paying much more if you wait.

Have you noticed that some companies are trying to hide inflation by shrinking package sizes?  This is a phenomenon that is known as “shrinkflation”…

Consumers are paying more for a growing range of household staples in ways that don’t show up on receipts – thinner rolls, lighter bags, smaller cans – as companies look to offset rising labor and materials costs without scaring off customers.

It’s a form of retail camouflage known as “shrinkflation,” and economists and consumer advocates who track packaging expect it to become more pronounced as inflation ratchets up, taking hold of such everyday items such as paper towels, potato chips and diapers.

For example, I absolutely love Tillamook ice cream.  It is the best ice cream that I have ever had in my entire life, and if you have tasted it then you know what I am talking about.

Unfortunately, they recently felt forced to shrink the size of their packaging from 56 ounces to 48 ounces, but they kept the price the same.

Lots of companies are now doing this, because the cost of raw materials is going through the roof.  Even Elon Musk is complaining about rising prices for raw materials…

Perhaps finally realizing it can’t turn a profit selling vehicles or perhaps truly between a rock and a semiconductor hard place, Tesla is raising prices (and ditching features) from its vehicles.

CEO Elon Musk took to Twitter late on Memorial Day to explain the hikes, blaming them on the convenient scapegoat of supply chain issues.

“Prices increasing due to major supply chain price pressure industry-wide. Raw materials especially,” Musk wrote in a Tweet late on Memorial Day.

Sadly, this is just the beginning.

Governments around the world continue to borrow and spend money as if tomorrow will never come, and global central banks continue to pump gigantic mountains of new money into their respective financial systems.

In this sort of environment, an “invisible sculpture” that is nothing but air can literally be sold for $18,000…

An Italian artist was able to sell his invisible “immaterial” sculpture – which technically does not exist (in this plane at least) – for thousands of euros.

Salvatore Garau, 67, challenged the boundaries of contemporary art even further after cashing in ¢15,000 (around $18,000 or P875,000) for his work titled “Io sono” (I am) at a recent auction, as per Il Giorno on May 21.

The inflationary nightmare that so many of us have been relentlessly warning about is here, and it is going to continue to get worse.

In addition, I have a feeling that quite a few major “surprises” are coming our way during the second half of this year.

So go to the stores and stock up now, because things will soon get really crazy.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook, Twitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

Warnings Of A Dramatic Inflationary Collapse Just Keep Getting Louder

Signs of impending economic doom continue to grow all around us.  For years, highly respected experts have been warning about the steady destruction of our standard of living and the death of the U.S. dollar.  Perhaps you didn’t listen to those voices at first, and that is understandable.  Most Americans have their hands full making a living and taking care of their families.  But then housing prices started to go absolutely nuts, health costs continued to spiral out of control and a trip to the grocery store just kept getting more painful.  At this point, nobody can honestly deny that inflation has become a major problem.

But even though the chorus of voices that is warning of a dramatic inflationary collapse is growing by the day, the Federal Reserve just keeps pumping more giant piles of money into the financial system, and the federal government continues to engage in the most reckless spending binge in the entirety of U.S. history.

Despite the utterly insane policies of our “leaders”, the U.S. economy continues to languish in economic purgatory.  Trillions upon trillions of dollars have been poured into the economy, and yet the U.S. still has 8.2 million fewer jobs than it did last February.

They had hoped to create an “economic boom”, but instead they are setting the stage for an implosion of epic proportions.  In fact, John Williams of shadowstats.com insists that we are “eventually headed into a hyperinflationary economic collapse”…

So, is the choice inflation or implosion? Williams says, “That’s the choice, and I think we are going to have a combination of both of them. I think we are eventually headed into a hyperinflationary economic collapse. It’s not that we haven’t been in an economic collapse already, we are coming back some now. . . . The Fed has been creating money at a pace that has never been seen before. You are basically up 75% (in money creation) year over year. This is unprecedented. Normally, it might be up 1% or 2% year over year. The exploding money supply will lead to inflation. I am not saying we are going to get to 75% inflation—yet, but you are getting up to the 4% or 5% range, and you are soon going to be seeing 10% range year over year. . . . The Fed has lost control of inflation.”

And remember, when the Fed has to admit the official inflation rate is 10%, John Williams says, “When they have to admit the inflation rate is 10%, my number is going to be up to around 15% or higher. My number rides on top of their number.”

You don’t want to believe Williams?

That is fine.

He has just been right time after time over the years.

But feel free to ignore him if you wish.

If you are determined to ignore the truth, you probably will not like what Egon von Greyerz is saying either…

As technological developments and markets go parabolic, we observe many market “experts,” even intelligent ones, forecasting that we are now in an exponential economic era. Thus many believe that this will go on forever. This is the typical attitude at market and economic tops and guarantees that THIS WILL NOT END WELL!

It is clearly absolute nonsense to believe that exponential expansion based on deficits, debts and fake money is the beginning of a new era. Anyone studying the economy and history of markets knows that exponential moves indicate the end of an era and not the beginning. As I have repeatedly said, history is our best teacher and it both rhymes and repeats itself. And history now gives us dire warnings.

If you wish to reject what these experts are telling us, can you point to another time in history when officials have wildly created new money and everything has turned out just great?

“New money” is always such a tempting solution, because every time it always seems to work at the beginning.  It is kind of like a tonic that instantly makes you feel better for a few hours but that ultimately kills you in the end as you keep taking it.

Now that we have greatly accelerated our journey toward an inflationary collapse, even Warren Buffett has started to sound the alarm…

“We are seeing substantial inflation,” Warren Buffett told attendees at last week’s annual Berkshire Hathaway shareholder meeting. “We are raising prices. People are raising prices to us, and it’s being accepted.”

Ordinary Americans are searching for “inflation” online more frequently now than they have in more than a decade, data from Deutsche Bank strategist Jim Reid shows.

But CNN insists that everything is going to be just fine.

So that means that we don’t have anything to be concerned about, right?

Personally, I am deeply concerned about the second half of this calendar year, and it appears that I am not the only one.  Billionaires and corporate insiders have been offloading stocks at a very brisk pace in recent weeks…

When the country’s CEOs and billionaires start to head to the exits a little bit quicker than usual at the tail end of a 13 year bull market, it may be time to start paying attention.

That’s what we found noteworthy about a recent Bloomberg piece, which noted that stock sales by some of the world’s richest shareholders are “reaping a windfall”, thanks to our current inflated equity markets, “to the tune of trillions”.

Amazon.com’s Jeff Bezos and Google co-founder Sergey Brin are just two of the well known names that have been offloading stock. They are joined by names like Mark Zuckerberg and Larry Ellison.

If you have been snoozing for the last few years, now is the time to wake up.

Because we are steamrolling toward an economic implosion that will make the history books, and our economic problems are just one element of the “perfect storm” that our society is facing.

But a lot of people out there are going to be absolutely blindsided by what is coming, because they have no interest in listening to the warnings.

Instead, they have placed their trust in the talking heads that the corporate media puts on television, and those talking heads keep assuring us that everything is going to be just fine.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook, Twitter and Parler, and any way that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.