Food Prices To Skyrocket
This is very very bad.
President Biden’s economy is already in very bad shape and now it has been learned that future projections are even worse.
Experts now claim that U.S. fertilizer prices are at an all time high and this will severally impact the cost of food and also raise inflation even further.
Fertilizer prices have now passed 2008 peak. I’m not going to lie to you: it’s not good 🤔
H/T @dailyshot pic.twitter.com/OZhwTOg69o— Gianluca (@Theimmigrant84) March 23, 2022
Futhermore, according to Zerohedge, With nations such as Saudi Arabia and others reaching out to China and possibly using the Yuan as their currency of trade, it could harm the U.S. dollar immensely.
Zerohedge explained, “the increased frequency of use of financial sanctions by the United States as a foreign policy tool is arguably creating an incentive for third countries to diversify away from a perceived over-reliance on Dollar-denominated trade.“
With the strength of the dollar slowly weakening and the cost of food going up, middle class Americans could find themselves in very bad shape nearing the end of Biden’s presidency. Hopefully too much damage won’t be done by then.
