Food prices, energy prices, even producer prices are increasing. We’re in for some ugly economic times ahead.
Food Prices Rise Again
According to this article on CNBC, food prices continue to rise and the Biden Administration is unsuccessfully trying to stop them by using antitrust laws. The price increase, however, are not caused only by monopolies, but by supply chain disruptions and transportation costs. Plus, any student of history knows that laws controlling prices exacerbate shortages rather than relieve them.
Producer Inflation Rises a Record 8.3 Percent
The prices producers pay for goods and services jumped 8.3 percent between August 2020 and 2121, the most since creation of this data point. Producers either have to absorb the costs, which means lower profits, or pass them on to the consumer in higher prices. Most pick a point in the middle until economic pressures force them to raise consumer prices. Higher producer inflation is a sign that the inflation you and I see in the stores is not going away.
Continue reading “Prepper News Update for September 14”
I enjoy watching YouTube videos, especially those I can learn from, but too often YouTubers make mistakes and give bad advice. Use discretion.
I love to watch YouTube videos, especially vlogs and how-to videos related to homesteading, bee keeping, wood working, firewood, off-grid living, and prepping. Whenever I need to know how to do something, I’ll watch a few how-to videos. In fact, I joking call it “Going to YouTube University.”
But YouTube can be misleading. Sometimes the “talent” does not know what they are doing, sometimes they only show you the pretty parts. Worse yet, the speed through the actual hard, boring work.
For example, we just had our fifth cord of wood delivered for this year’s heating season. They spill it out of the dump trailer and it forms a wide pile of wood about 15 feet long and two feet high. I heat my house with a large wood stove, so I get large, heavy splits of wood designed to burn for hours rather than smaller campfire pieces.
Continue reading “The Danger of Trusting YouTube Videos”