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Last week, I got a text from my favorite ramen place. They are finally open after being closed since the pandemic started.
I ignored my logical brain telling me I should cut back on carbs. I mean, this is my favorite ramen we are talking about. I checked on their menu and low and behold, the $9 shoyu bowl is now $14.
The owner told me they are not trying to pass on the cost of their losses to the customers. It’s just that the prices of everything went up, from garlic to meat, everything is up and there is shortage in everything.
And The Fed says inflation is negligible? Everyone is saying the economic conditions are improving?
Pre pandemic, things were in control. Prices were low, global supply chains were functioning smoothly, and to most people it seemed like it would stay that way for the foreseeable future.
But then the pandemic hit, and “panic buying” caused short-term shortages of certain items such as toilet paper and hand sanitizer.
Money was printed to give people some spending power. So, the little we are producing plus the way too much money in the economy has resulted in this, a bowl of ramen that’s $5 more expensive.
So, that stimulus money that’s supposed to give people ‘spending power’ doesn’t really buy anybody much.
Unfortunately, our problems are bigger than a bowl of ramen.
For example, did you know that dozens of important drugs are in short supply? According to the official FDA website, there are shortages of more than 100 drugs in the United States right now.
If you found yourself in a situation like this, you can check the FDA’s drug shortage tracking system.
Right now there are currently about 120 drugs listed as having a shortage.
On the website, if you type in a drug name in the database search field you can see if and why it’s in short supply. You can also see whether it is scheduled to be discontinued, and when the supply may start flowing again.
Tom Linebarger, chairman and chief executive of engine and generator manufacturer Cummins Inc., said that we have shortage in everything – Copper, iron ore and steel. Corn, coffee, wheat and soybeans. Lumber, semiconductors, plastic and cardboard for packaging.
And this is just our immediate needs. Our long-term needs are in even more dangerous grounds.
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Collecting Gold Bullion Coins For Investment
Coin collecting can be fun, but when you start to spend hundreds or even thousands of dollars on your hobby then it moves into a different realm. Coin collecting for investment means buying gold, silver or platinum bullion which can be found via dealers and banks, but more and more gold bullion is being sold over the Internet, allowing sellers to increase margins by lowering costs and allowing gold bullion coin collectors to snag a bargain.
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Invest in Gold Now – Here is Another Good Reason WhyMany indicators are pointing toward investing in gold. There are many reasons why investors should invest in gold at the present time. Let’s look at another good reason, the Dow Jones vs Gold Price ratio.
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Silver Bullion Bars – The Two Name Brands You Should Always BuySilver Bullion Bars are a great way to invest in silver. There are two types of silver bars that are always in high demand from silver collectors and investors. Find out which two companies produce these silver bullion bars and why they are so highly sought after.
Buying Gold Bullion OnlineInvesting in gold bullion has be come much easier than it did in the past with the advent of the world wide web. It has also become much cheaper. As a secure investment, more and more people are turning to gold, read on to find out why.
Invest in Mexican 50 Peso Gold CoinWith the recent financial meltdowns and declining US currency, smart investors are looking for better ways for asset preservation. Gold coins are one of the most valuable commodities to protect personal wealth and offset risk, which is discovered during countless crisis situations over the centuries. Although most gold coin investors focus on US and European gold coins, Mexican gold coins, especially 50 peso gold coin, are also good asset to combat inflation.
