Twitter Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world

hyperinflation, inflation, Jack Dorsey, SHTF, prepper, prepararedness

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The recent release of the Consumer Price Index showing a .4% increase in September alone and over 5% for the year has confirmed what many feel – including Twitter CEO Jack Dorsey – inflation continues its upward trend. Food and fuel are leading the way as inflation continues to reduce the purchasing power for all.

Hyperinflation is going to change everything. It’s happening.

— jack (@jack) October 23, 2021

It will happen in the US soon, and so the world.

— jack (@jack) October 23, 2021

As someone who works in the manufacturing industry, I’ve seen firsthand that the supply chain issues that many of us see in our local grocery stores also is across numerous industries. The continued challenges companies have to find workers as well as the backlog of container ships waiting outside our ports are evidence that these issues are not close to resolution. Add the Bidenomics of adding trillions to the national debt and we have a formula for economic disaster.

Meanwhile…….the stock market continues to set new records. We all know it’s just a matter of time before it all comes crashing down.

This is being written on October 24th, 2021. How much higher will food prices rise? How expensive will fuel become? How will shortages impact our lives over the next several months?

Now is the time to take reasonable, commonsense precautions.

Rourke

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Comments

7 responses to “Twitter Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world”

October 24, 2021

SingleMom

My mother bought dry cat food this morning and says that the price has DOUBLED since she got it last from the same store.

I keep a running online grocery list for Walmart, and it’s been disturbing to see how much the prices keep changing and how frequently they run out of basic items.

At least the extended family is starting to take things seriously and are stocking up now. Better late than never?

Reply
1. October 24, 2021
  
  JR
  
  Better late than never is certainly an improvement. Prices just keep going up. I’m buying and stocking up as a hedge against inflation.
  
  Reply
October 24, 2021

Arlene

YES prices of everything are rising rapidly and many items are sparse.
Therefore shoppers are buying up what they see and can get immediately which will probably cause some shortages.
Of course if we all refused to pay the high prices they would cone down a bit , which is tough to do if you need something.
This year Christmas stockings may have more warm socks and gloves and batteries instead of silly items. We preppers usually give practical prep items anyway. Pet items have been harder to get because so many people adopted pets during the pandemic ( a good thing for the shelters) that food and treats are higher and getting a Veternarian appt.
has up here a 3 months wait list. (especially if you are a new patient)
If you buy Made in the USA you will get your products sooner. and it will help us.
First time ever that pumpkins have been rotting due to the heat this Oct.We have a few that are fine but the season has been hotter and wetter -broke records here-but that does not mean that the mini ice age will not be coming soon-it will . Arlene
.

Reply
1. October 24, 2021
  
  JR
  
  Thanks, Arlene. Good point in trying to find Made in the USA stuff. I continue to stock up on items we use weekly just in case there is any kind of shortage.
  
  Reply
October 24, 2021

Normal Chuck

Stock up on everything!!Food and fuel for the cold weather is at the top of the list for us. I think a good supply of OTC cold/flu meds is important.

Starting tomorrow we are going to get out of the banking system as far as
possible.No more auto pay for bills. All it takes is a cashiers check or a money order with an envelope and a stamp.Every month when our retirement checks hit the bank we will withdraw all but twenty five dollars
and buy the cashier checks or money orders for the bills. The rest to the
safe at home.

Money in a bank account is very risky. A click of a mouse and it can disappear. We are not willing to take that chance.

Sounds scary at first but it’s easy.

Reply
October 24, 2021

Oren

I tried to purchase some finished plywood today. Maple, Birch, Poplar, Red Oak. Non-existent! Instead, since I also need some “core” stock, I got a couple of sheets (3/4″ x 4ft x 8ft) sanded yellow pine. Cost $44.38 per sheet. The guy at Lowe’s told me the price had come down from $95 per sheet!! I’ve noticed building materials sky rocketing. The plywood has gone up from $15 to $30 per sheet, depending on what you need. And it will only go up more. As you can see, it’s not only food,fuel, shelter and clothing being impacted, it’s building materials. As building material’s become more expensive, you can expect the industry to slow down. As it slows down, lay offs will come. And I’m sure you can see the spiral down from there.
I have a trip to Sam’s and Costco planned for this week. Clean out the freezer and a trip to the meat processing plant next week.

Reply
1. October 26, 2021
  
  JR
  
  Thanks for sharing your observations Oren. Good luck with that trip to Costco and Sam’s. Let us know how it goes.
  
  Reply