by Michael Snyder, The Economic Collapse Blog:
Why are social media platforms filled with videos of Americans complaining about grocery prices right now? Needless to say, those videos must be striking a chord, because some of them are receiving millions of views. Government bureaucrats are telling us that the cost of food is only going up a few percentage points per year, but we can all see that is a load of nonsense. A trip to the grocery store has become an enormous expense, and this is especially true if you have kids to feed. As I wrote about earlier this month, one survey found that in 25 percent of U.S. households at least one person is skipping meals so that there will be enough money to pay the bills. Sadly, we are being warned that the cost of groceries will go even higher in the months ahead.
TRUTH LIVES on at https://sgtreport.tv/
Several years ago, I kept warning my readers over and over again that soon the cost of groceries would become very painful.
Without a doubt, that time has arrived.
According to a recent AP poll, the cost of groceries is a “source of stress” for 86 percent of U.S. adults…
Does your run to the supermarket cause a spike in your blood pressure? You’re in good company.
The overwhelming majority of Americans – 86% – say the cost of groceries is at least a minor source of stress. The number includes 53% who say it’s a major source of anxiety in their lives right now. That’s according to a new Associated Press/NORC poll.
Those are very alarming numbers.
But this is the world that we live in now.
And this is why we are seeing so many videos on social media about grocery prices.
Someone put together a compilation of some of the best videos where people are really flipping out emotionally…
In my entire lifetime, I have never seen it so bad.
At one grocery store in Chicago, one woman admitted that it feels like “you’re spending your soul on groceries”…
At a South Loop grocery store, customers experience sticker shock and frustration.
“No matter if it’s organic or if it’s regular, it’s still going to be an arm and a leg for it. It’s like you’re spending your soul on groceries,” said shopper Tria Hutson.
This is one of the reasons why I get so frustrated with the talking heads on television that are telling us that everything is fine.
Just look around you.
People are hurting.
Some companies are trying to hide their price hikes by keeping the prices the same but putting less stuff in each package.
This is known as “shinkflation”, and Jim Quinn recently shared a personal anecdote from his own life…
I think a personal anecdote I’ve experienced will show you the devious methods corporations will use to pass these tariffs along. I have been buying a pack of coated paper plates at Wal-Mart for years. The pack contained 70 paper plates. Within the last four months, the pack was reduced to 50 plates, for the same price. They know the average dolt, after years of government schooling, is deficient in math skills, so they would not realize they just experienced a 40% increase in price per plate. This will show up nowhere in the fake BLS numbers. Shrinkflation is just as bad as inflation, but they can hide it and pretend all is well, while maintaining their profits.
I am sure that you are running into the same thing.
Unfortunately, this is just the beginning.
How can I be so confident in saying that?
Let me give you just one example.
Approximately two-thirds of U.S. adults drink coffee, and approximately one-third of all the coffee we drink comes from Brazil.
Thanks to the 50 percent tariff that was just placed on imports from Brazil, coffee is about to become a lot more expensive…
Read More @ TheEconomicCollapseBlog.com
