So while shopping to make my magnificent homemade lasagna the other day I notice that both cheese and ground beef have gone up by around 30%
30%
unbelievable
post your observations on inflation numbers here.
Officially inflation is about 8 or 9% in the US.
But unofficially even Biden/Democratic friendly papers like the New York Times acknowledged recently that the true number is double digit inflation.
Just like in the 1970s.
However back then when oil reached $100 barrel eventually the powers that be in the US just pulled the plug on the economy and let it crash which brought oil down to $8 a barrel.
They could do this sorta thing again.
But it would result in a prolonged recession, double digit employment and a depressed economy & stock market.