This is your economy. This is your economy on crony socialism. Any questions?
Is the Biden administration going to try calling it, Putin’s egg price hike?
The USDA’s consumer price index for food is all bad news.
The ranges for 11 food categories and all aggregate categories were revised upward this month. No food price categories were revised downward.
Welcome to the new normal.
All food prices are now predicted to increase between 6.5 and 7.5 percent,
The news for any kind of protein that isn’t vegan is really bad. And I don’t believe that’s a coincidence because it happens to align with culture and policy.
Meats had the largest increase within the “meats” category—2.2 percent—in April 2022. In 2022, pork prices are predicted to increase between 6.0 and 7.0 percent and other meat prices are predicted to increase between 9.0 and 10.0 percent. The aggregate categories of meats, poultry, and fish are predicted to increase between 7.0 and 8.0 percent, and meats are predicted to increase between 6.5 and 7.5 percent in 2022…
Fish and seafood prices are now predicted to increase between 7.0 and 8.0 percent…
But really it’s going to spill over to a range of products.
Fats and oil prices are predicted to increase between 10.0 and 11.0 percent in 2022
So everything essentially. But chicken and egg prices are already bad and going to turn much worse.
Poultry prices are now predicted to increase between 8.5 and 9.5 percent, and egg prices are predicted to increase between 19.5 and 20.5 percent…
Wholesale poultry prices are now predicted to increase between 15.0 and 18.0 percent in 2022…
Farm-level egg prices are now predicted to increase between 73.5 and 76.5 percent in 2022.
Biden’s advice will presumably be to buy electric eggs or soy substitutes.
America is turning into Zimbabwe.
A merchant places three eggs on a 100 billion Zimbabwean dollar note. In a desperate measure to stabilize the economy, the Zimbabwean government, which has suffered from raging inflation due to political and social instability, recently began to print 100 billion dollar notes. However, a 100 billion note is not even enough to buy three eggs as each egg costs 350 billion Zimbabwean dollars.
That’s Marxist Modern Monetary Theory in practice. Bernie loves it, it’ll destroy the middle class. And that’s what the Left wants.