The Cost of Living Crisis Of 2022 Is Now Worse Than Anything That We Ever Experienced

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The inflation crisis of 2022 has escalated to a level that is beyond anything we’ve ever witnessed, even surpassing the horrible cost of living crisis experienced during the Jimmy Carter era of the 1970s. In the early 1980s, the inflation rate hit a record high of 14.6%. A couple of weeks ago, we learned that the official rate of inflation in the U.S. hit 8.5% in March, the highest level since the early days of the Reagan administration, according to Labor Department data. But when we make an apples-to-apples comparison, calculating the rate of inflation the way it was originally calculated, the official rate of inflation would be somewhere around 17% right now. This means that the cost of living in this country has risen 17% in less than two years. By comparison, in “normal” times, a healthy inflation rate would be somewhere between 2.5 to 3.5%. This leaves us with the highest living expenses and consumer prices ever recorded in the entire history of America. 
The price of gasoline has risen by 48% from March 2021 to March 2022, according to numbers released by the Bureau of Labor Statistics. In just one month – from February to March – the seasonally adjusted price of gasoline jumped by 18.3%. At the same time, we’re seeing vehicle prices climb to absurd levels as the auto industry scrambles to fight against factory shutdowns, shortages, and shipping disruptions. However, all across the board, US manufacturers are reporting that inflation is out of control, and it hasn’t peaked, but intensified in the past quarter.
“Firms continued to pass higher material and staff costs on to clients in April, as the rate of charge inflation accelerated. The increase in selling prices was the fastest since last October,” the PMI report says. So when we think we’ve already seen the worst of inflation, we’re told that more price hikes happened all across the industry last month, and soon they will hit the stores.  
As the cost of living crisis bites, consumer prices have already been causing a lot of pain. If you think paying $10 for a pound of bacon or $6 for a pound of butter is way too much, we’re sorry to say but it’s about to get even more expensive. In a few weeks, you’ll be paying a lot more for just about everything when it comes to eating in or dining out, according to the U.S. Department of Agriculture. “All food prices are now predicted to increase,” the USDA’s Food Prices Outlook for 2022 March report said. 
And that’s on top of all the other increases consumers faced over the past several months. Before the health crisis, it would be inconceivable that so many Americans would be experiencing food insecurity all of a sudden. But this tragic situation illustrates the kind of nightmare scenario that is now upon us. Sadly, economic conditions will continue to rapidly deteriorate. And if another black swan event hits us later this year, it wouldn’t take much at all to push our nation over the edge and into an unprecedented economic crisis of catastrophic proportions. We’re rapidly transitioning from stagflation to a full-blown economic recession, and the consequences of it are going to be devastating.

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30 COMMENTS

  1. I understand how bad the economy is right now coupled with inflation but still, the expansion of a nation is correlated with an economic slump. Economic downturns occur, just as people go through ups and downs, and now is the moment to reevaluate the policies that are to blame. Either way it turns out, I'm delighted I sold the majority of my assets on the market at a premium price.

  2. America is a failed society, they don't produce anything of their own. They fully depends on imports to make it rich. If countries cut off trade with US it'll will fall.

  13. theres a grocery in the southeast called ingles that has the highest prices yet throws every dated bakery, produce, and dairy packaged item in large dumpsters mandatorially….then theres more excellent, price friendly grocers nearby that donate their near dated items to the regional foodbank which helps them tremendously..theres an extreme amount of waste associated with greed but i found the benevolence ironic..

  14. We can thank the current administration for America's slippery slide into total out of control inflation. It is not the war in Ukraine, Putin, gas producers or price gouging manufacturers. It is the sole responsibility and lack of timely decision making that allowed our country to fail economically. Suffer the babies for empty shelves, suffer those who commute via personal vehicles, suffer the American worker and mostly suffer the American taxpayers whose money is shipped overseas to foreign countries while Americans are in dire straits for help. Biden, in his lack of decisive actions and blaming the Republicans and past president on his failures and undermining and canceling all the good that was done by the previous administration, is deplorable and without foundation. God help us if the time comes where we revert to cannibalism.

  17. Wut can any nation do when ALL of its underpaid and struggling stop paying all their living expenses and just live. How can this be a country that is governed by the ppl for the ppl!?!? It's NOT! That's how. Revolution doesn't always start with blood shed. Land, food, clothing, life should not cost a thing. Yet, we allow entities to govern and control how we live and how our children live. No one is allowed to say that they are not slaves, bc if u work and pay bills u ARE one. #CancelthisBSslaveshipToday

  20. #1. Easy, instant, credit or credit period. Owe no man ANYTHING… Because folks will go to credit to fulfill their lusts the housing system and auto manufacturers may charge what they for people will complain about not having enough money to make it, not being able to buy food, while driving brand new cars and residing in houses they can't afford to fulfill their lusts and pride.
    #2. Food shortage? Plant a garden. Quit buying the GMO'ed food and plant your own.
    #3. Does anybody REALLY need the poison they pump out at a McDonald's or any fast food chain? It's funny that my Mother and her siblings, my Grandmother and her siblings, my GREAT Grandmother and her siblings, never had to have a fast food chain in order to eat but everyone is into "convenience".
    Funny, my Grandparents raised 9 children while my grandmother stayed at home being a wife. They Had ONE car… NOT two or three while making payments and paying full coverage insurance on them…9 children, while my Grandmother sewed their clothes at home which they did get compliments on because due to her skill, developed, they looked as good as "store bought".

  22. And why are we exporting the fuels we need here to places that produce their own rather than to places that need it, or better yet, keep it ourselves. Makes sense right? Rather than sell fuel to people who have their own and then we go buy it from someone else because we don't have any now. There is really something fishy here, and just like in the 70's no investigations, no hearings, and when an uprising is coming they'll "find" some.

  24. The American people are going to learn the hard way because her agreed to hatred and their stupidities. They will soon realize that capitalism is the greatest danger. And place dictators upon the world in America. The American people will soon go to war. To protect the human race in america. Understanding you cannot give up your freedom for capitalism. There are two opposite things America is not capitalism the world is capitalism each individual is capitalism. But the Constitution the declaration of Independence is freedom of the human race in america. And this is what we will die for soon. Because it agreed the power and the evil of capitalism you let take away your freedoms. Remember there wouldn't be capitalist without the freed above the United States of America and now we're going to have to fight to the death for it. America prepare yourself freedom or capitalism you got to make your choice

  25. THE USA HAS BEEN PLAYING A GAME OF FAKE MONEY BAKED BY NOTHING SINCE 1933, FAKE BANKERS WERE CAUGHT BY THEIR FAKE GAMES . PROBLEM. REACTION. GOVERNMENTS CREATE THE PROBLEM, WAIT FOR YOUR REACTION AND IN THE THE END TO ENSAVE YOU WITH A GRAND SOLUTION'S.

  27. you never expose whom is behind the fraud, on the AMERICAN people, but yet we have open borders why you ask ? the silent fake governments, of babalon, deceiving the massive s are flipping your savings to pay for all the illegals expensiveness, so what ever you save in your life will be given to the new slaves of america

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