Even Wal-Mart Feels The Crunch
Wal-Mart CEO Bill Simon was talking with the folks over at USA Today recently where he said that consumers in the United States face serious inflation very soon for clothing, food, and other retail products.
Their suppliers have finally started passing along the increased costs to them, which they will in turn have to pass on to consumers. He says this isn’t just limited to Wal-Mart, but is a broad problem across the retail industry.
These costs are primarily driven by raw material cost, labor cost, and fuel costs. He believes that we will start to see this hit in June of this year.
Yeah, Gas Prices Suck…So What?
In other news, gas prices have officially doubled since Barack Obama took office. The average cost of gasoline in this country was $1.79/gallon then, and now it’s running at a whopping $3.58.
The last twelve months have seen an increase in gas prices alone of over 19%, with a serious spike of 6.8% in the month of February of this year. If you do the math, you’re looking at a potential for $7.00/gallon gas if this keeps up.
Are you hearing anything about this in the media today? We had story after story when the gas price spike hit a few years ago, but this one is being swept under the rug. Why do you think that is?
The Empire State Rebellion Strikes Again
Remember that video I showed you a few weeks ago from the Anonymous Hacker Collective? They’ve released another one. I’ll embed it here with no further comment.
The Shadow Knows
Baron over at the Gates of Vienna has a series going that is worth reading. Called The Shadow Knows, he shares some of his thoughts on dealing with an economic collapse. A quote:
The crisis I’m describing will occur relatively soon, and many people who read this will still be alive when it comes.
What will life be like for you then?
What will be your part in it?
This is something for which we are all ill-prepared. Most of us have been trained to be part of global modernity, to be apprentice mechanics whose job it is to help keep the world-machine running. When it finally huffs out its last plume of steam and clatters to a permanent halt, we’ll be left standing there, useless monkey wrench in hand, lacking even the ghost of a clue.
Check it out. It’s worth the read.