As another Lame Cherry exclusive in matter anti matter.
We were listening to our produce gal at the grocery today and her exact words were there is going to be a price spike in food. This is coming across the board from Bidencon. If you noticed car lots are empty and prices are going to spike 10%, as 5% of that alone is computer chips.
The recent surge in chip prices hasn’t affected consumers, and stimulus has kept spending up while confidence has lagged. But that will soon change. Manufacturers have been eating the increase costs and not passing them on to consumers. With chip prices expected to rise every quarter this year, many companies will be unable to keep swallowing it, especially those with tight margins.
Manufacturers order semiconductors six months in advance. The choke points along the supply chain driving up prices and creating shortages will come to a head in the third quarter, when the next orders to replace inventories are delivered, according to the founder of SouthBay Research Andrew Zatlin.
Automakers will struggle to hold the line. At General Motors, for example, roughly 5% of the cost of goods sold is from semiconductors. The company has 11% margins, and a surge in chip prices will hit profits hard, according to Zatlin. And small business who sell to the likes of Amazon and Walmart with tight retail margins will be forced to raise prices even higher.
The impact should only spread from there. Which is why this jump in inflation won’t be transient as the Fed hopes. Every manufacturer with tight margins will be forced to raise and maintain higher prices. So get ready for some serious sticker shock very soon.
What the grocery gal reported was what she stated was taking place a few months ago, in they can not get Mexican to pick vegetables. Yes with Biden's stimulus check, all of them being legalized, they are not taking those jobs that no white man would as they are moving up to the 15 to 50 dollar an hour jobs that Americans used to be employed as.
Biden has millions of border busters invading. They will all be competing for food, fuel, homes and cars. Inflation will drive up due to this is a perfect storm, set off by Biden shutting down oil production.
What this means is salads are going to be a thing of the past, or the 5 to 10 dollar bag of salad. We are going to be facing soon enough 10 dollar gas in areas of America and 5 dollar spinach bags. Crops are literally rotting in the fields, because Biden has made it too lucrative in other hand outs and jobs to foreign invaders.
You just wait when the Vax Passport is mandated and that fight begins and is enforced. Fully expect Joe Biden to ban shipments of food and other supplies to states which are not going to agree to this passport. All of this vax shit is going to finish off the United States economy. It simply will cease to produce goods which are worthwhile and good which you need.
We now have Mexicans and this other trash, which will not work, unless the have high paying jobs. We now have millions of them who will not work and demand handouts. We are in the midst of a 1% made disaster and it will continue to degrade.
My advice is to garden and if you can lay in a supply of food again and some gas safely stored as the Fed is not going to reign this in, due to the 1% needing money that does not gain interest, so this inflation in the massive Biden spendings as Biden Pelosi with Obama have spent 5 trillion dollars on cronies in a few months.
Do not expect things to be there. Remember the panic shortages of last year, and understand the prices in gas are now 60 cents more a gallon in cheap areas since Biden appeared. Everything is going up. Bags are getting smaller and you will be gouged, gouged and criminalized.
Our supplies for the most part are coming out of Canada for fruits, Chile has appeared again. American fruit has vanished and Mexico is not harvesting.
This is your million dollar information confirmation, which this blog alone warned you of was coming, and now it is setting in.
This is once again, another Lame Cherry exclusive in matter anti matter.
agtG