It's no secret that Joe Biden is making America poor again in every way possible.
There isn't a single thing that I can think of that is less expensive than it was one year ago. Gas prices are up, energy costs are up, groceries are up, and from what some are saying, this is just the beginning of what is to come.
Many people are predicting another recession and a stock market crash coming soon, possibly in the next 6-8 months. I guess we'll just have to see how much worse things get. Some are saying that it's imminent especially with the Evergrande thing going on. Yeah, that's a Chinese thing, but it will affect the global economy as well.
Earlier this week, Gristedes chain owner John Catsimatidis said that the grocery prices that we're seeing now are just the beginning of what's to come and that food prices will continue to soar as the Biden regime continues to underestimate inflation and screw everything up.
Here's what he said in an interview with Maria Bartiromo:
MARIA BARTIROMO: We’re talking about the disruptions in the supply chain and inflation being real issues, what are you seeing from your stand point in regards to both of those issues?
JOHN CATSIMATIDIS: We’re both in the oil business and food business, so I see all the ends of the chain. We’re at almost 84 dollars for oil this morning. We’re going to see $100 oil, it looks like. There’s no sign of it stopping. You know how CEOs are on Wall Street, they live quarter by quarter. If they are off by a penny in earnings, Wall Street is not forgiving. So what are the CEOs doing? They’re raising prices. They want to be ahead of the curve. I see food prices going up tremendously, they want to be ahead of the curve and the way we are doing it is they are dropping all promotions, they are dropping low-moving items.