by Michael Snyder, The Economic Collapse Blog:
Normally, we shouldn’t have economic stagnation and rampant inflation at the same time. But that is exactly what we’ve got. U.S. GDP actually declined during the first two quarters of this year, and we are being warned that economic activity could slow down a whole lot more in the months ahead. Meanwhile, we are in the midst of the worst inflation crisis since the Jimmy Carter era. The cost of living has become extremely oppressive, and this is particularly true when it comes to food. We just got some new numbers from the Department of Labor on Wednesday, and quite a few of them are absolutely stunning…