Inflation over the last year:
Gasoline up 56%
Heating oil up 42%
Used cars: 37.3%
Car rental: 36%
Natural gas up 31%
Hotels: 27.6%
Beef: 18.6%
Pork: 15.1%
Furniture: 13.8%
New cars: 12%
Chicken 10.4%
Fresh fish: 10.2%
Oranges: 9.9%
Jewelry: 8.8%
Dresses: 8%
List: https://citizenfreepress.com/breaking/jen-psaki-tomorrows-inflation-number-is-going-to-ugly/
I was watching Fox Business and they said, “Are we becoming the Weimar Republic?” Germany back in 1921 to 1923 experienced hyperinflation due to the government printing money to pay its war debt and workers. Much like in current Venezuela, inflation crippled the country and lead to the rise of Adolf Hitler in the 1930s.
Well, inflation continues to climb in the United States as we have increased the money supply approximately 356% since before the pandemic began. But, unlike Germany’s war debt of $28 billion, the U.S. has $30 trillion in national debt and the Fed has bought almost $10 trillion in government debt in record time saturating the market with money. How is that any different from the Weimar Republic? It really isn’t much different. It takes 2 years for hyperinflation to begin. We are at about one year and one-half years into our own spending binge.
December kept pushing Inflation Higher
“The consumer price index climbed 7% in 2021, the largest 12-month gain since June 1982, according to Labor Department data released Wednesday,” said Bloomberg News. We’ll have to wait a couple of days to see what the wholesale inflation rate was for December.
Stats: https://www.bloomberg.com/news/articles/2022-01-12/inflation-in-u-s-registers-biggest-annual-gain-since-1982
The thing is: will the Federal Reserve act too harshly and cause more pain with stark interest rate hikes? They have had the interest rate at near zero for over 12 years, which has never happened in the history of America.
Wholesale prices measure rose 9.6% in November, the fastest pace on record. The estimate was 9.2%. It has shocked economist and Wall Street with many calling for interest rate hikes from the Federal Reserve, who is meeting today and tomorrow to discuss the economy. The Dow dropped 107 points, but the NASDAQ dropped 175 points. Higher interest rates are bad for the tech sector.
Stats: https://www.cnbc.com/2021/12/14/wholesale-prices-measure-rises-9point6percent-in-november-from-a-year-ago-the-fastest-pace-on-record.html
Another month and inflation rocketed up 6.8% in November on an annual basis, the highest since 1982. Like I’ve said before, the real number is twice that at 13.6% since the government has been playing with the numbers for decades to make sure the truth is shrouded in mystery. In October, it was 6.2%. “This also marked an eighteenth (18) straight month of advances in the index,” reported Yahoo News.
https://www.yahoo.com/finance/news/consumer-price-index-posts-biggest-year-over-year-jump-since-1982-in-november-134529314.html
In 1981, inflation was at 10.32%. But, like I said, the government has been playing with the numbers for decades to make it look more appeasing. At the height of the Great Recession, it was just 2-3% and in 2009 it was a negative (.36%).
In fact, the Bureau of Labor Statistics has 2021 at 7.39%.
https://www.in2013dollars.com/inflation-rate-in-1982
I posted this not long ago...
Stagflation Has Arrived
“And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand. And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.” (Rev. 6:5-6) (KJV)
At the beginning of the Tribulation, food will be expensive. In fact, it will take a days wages just to buy enough food to barely survive. Not eat hardy, but barely survive. Back then, in Bible days, a penny was a days wages. That is soon coming to this world. And, by soon, I extremely soon. In the Bible, famine follows pestilence (Covid-19 in our day and age). Starvation will be worldwide soon, very soon. Cannibalism will be common during the Tribulation (God’s Judgement).
Stagflation
In the 1970s, stagflation, low economic growth and high inflation, led to gas lines, 20% mortgages, economic malaise. It was a bad decade. But, in 2021, GDP growth dropped to 2% in the month ending in October, and November is projected at 1.9%. Inflation is through the roof if you’ve noticed car prices, food prices, gas prices and soaring home values. Stagflation is setting in quicker than anyone realized.
Inflation
In October 2021, inflation sat at 6.2% annually. In reality, it is much higher, maybe double that number. Since October 2019, rental car prices have soared 68%, used cars 58%, and new cars 12%. Meat has jumped 19%, cereal/backed goods 7%, dairy 6%, and fruits and vegetables 6%. The Washington Post noted those increases were seasonally adjusted. We all know they are much higher in food. In one example, I saw bacon was $5.50 and it is now $7.50, that’s a 36% jump. I paid $2.49 for premium gas before Biden took office. The other day, I paid $3.80. That’s a 52% increase in 9 months!
Stats Source:
https://www.washingtonpost.com/business/2021/10/14/inflation-prices-supply-chain/
The money supply has gone up 40% in 2020 alone. That's printing money. That fuels inflation and eventually hyperinflation. On Fox Business, Stuart Varney said the other day the money supply has gone up 336% since 2019. No wonder prices are going up. And, please, note, it takes two years for hyperinflation to begin. It starts slow like right now and suddenly soars. We are at the 1.5 year mark.
Supply chain issues abound. The other day, 111 cargo ships were sitting off California waiting to be unloaded. Demand for goods has soared and there is a chip shortage, aluminum shortage, lower crop yields, oil is soaring at the pump. Used car prices have surged, real estate is red-hot due to the money supply, it all makes for a perfect storm.
The Fed has kept interest rates at virtually zero for over 10 years and that has resulted in a soaring real estate market, the hottest real estate market in history. Yes, in history. Investors have bought up whole developments in 2020-2021. The average person can't compete with all cash offers. Rent, as a result, is skyrocketing.
But, YOU can escape what is coming!
“Behold, I come as a thief. Blessed is he that watcheth, and keepeth his garments, lest he walk naked, and they see his shame.” (Rev. 16:15) (KJV)
The Return of the King, the real King, is imminent. Right now, Jesus is peaches and cream. But, when the Rapture happens, the earth will tremble, the waves will roar and the trumpets will sound. Last winter, I heard a lone trumpet in my spirit. I don’t know why. But, it was one blow of a trumpet. I believe it was a warning of things to come.
Now, YOU can go in the Rapture, too!
We are at the end. That great getting up morning, called the Rapture, could happen at any time. The world is ripe for the Tribulation and the Great Tribulation. You don’t want to be here for God’s judgement and wrath poured out on mankind.
You are God's prized possession and Satan HATES YOU! Honestly, has Satan ever done anything for you? Really? Nope, not one thing! Jesus, on the other hand, has paved the way for us with complete and utter victory over everything, especially Satan and his ilk. When Jesus died on the Cross, he took away the sin of the world. We only have to repent and ask Jesus into our heart to be born again.
Do you know Jesus?
Well, it is easy to know him and experience his undying, unfathomable love and affection.
He came and died for you.
"For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish but have everlasting life." (John 3:16) (KJV)
There is no greater love than Jesus.
"Greater love hath no man than this, that a man lay down his life for his friends." (John 15:13) (KJV)
Accept Him today if you don't know him.
Sinner's Prayer
"Dear Lord Jesus, I know that I am a sinner, and I ask for Your forgiveness. I believe You died for my sins and rose from the dead. I turn from my sins and invite You to come into my heart and life. I want to trust and follow You as my Lord and Savior."
Now, go and tell someone and welcome to His Kingdom.
The Holy Spirit Baptism is a gift. Just pray, "God, I accept the Holy Spirit as a gift and welcome Him into my being. Thank and praise you Jesus for the Holy Spirit." In these dark times, you need the Holy Spirit right after getting saved.
Amen and Hallelujah.
Cameron Rowe
Eternal Cross
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