A Peoria-area gas station sign shows a price of $3.39 for a gallon of regular unleaded on Monday. Gas Buddy fuel analyst Patrick De Haan says the Peoria area’s $3.39 average price heading into the Thanksgiving weekend is about 60 cents lower than a year ago.
To most of us, inflation is a major issue. One side says that Bidenomics is working. The other side disagrees and has tangible proof of inflation. Housing, rent and food have definitely risen under the Biden administration. Most sapient people believe that we are in the death throes of economic collapse. If this is true, what does history show us for the next phase?
As the economy collapses, money is inflated and people have to make difficult decisions. Less food, no discretionary spending, maxing out credit cards and other money saving measures. After these happen, deflation starts to kick in for some economic items .
I bought gas at Ingles in Georgia yesterday with a 20 cent discount for my Ingles card. The price per gallon was $2.369. Keep in mind that the state of Georgia has temporarily lifted their state gas tax to help people cope with inflationary pressures. If you add 20 cents and your state gas tax, what should your gas cost? Let us know in the comments what the price of gas is and where you live.
The reason deflation is an indicator of economic collapse for certain commodities is that they are not essential (or not as essential as we are told). Gas is a luxury that can be cut back except for work and essential shopping such as food. It may also be that the oil producing countries are more dependent on petroleum exports (supply) for their economies than the market demand in bad economic times.
Prudent measures in bad economic times are to prioritize your spending; something that our federal government and faux politicians do not understand or willing to face. Consider how to improve you and your family’s mental outlook without having to buy commercial items, Disney+, alcohol or drugs. Isn’t your faith something which should bring joy into your lives? Spend quality time with your family. Disconnect from social media, television and negative influences. When was the last time that you had your family cook a meal together and then enjoy it around the kitchen table? Can your children cook a meal by themselves? This is a simple life skill that brings enjoyment and self satisfaction when the family congratulates them for a job well done. These will become priceless memories for your children later in their lives.
Have faith. Trust in the Lord. Be the righteous and honorable man or woman that God wants you to be.
David DeGerolamo
We are in very deep, deep economic problems and getting worse with each passing day. Prices for all commodities have gone thru the roof and the liar in the white house along with his demon-crat communist party members and the media are telling everyone how wonderful and great things are under the Biden administration and costs have gone down over the last three years of this man’s wrecking ball mentally ill policies.
“Spend quality time with your family. Disconnect from social media, television and negative influences. When was the last time that you had your family cook a meal together and then enjoy it around the kitchen table? Can your children cook a meal by themselves? This is a simple life skill that brings enjoyment and self satisfaction when the family congratulates them for a job well done. These will become priceless memories for your children later in their lives.
Have faith. Trust in the Lord. Be the righteous and honorable man or woman that God wants you to be.”
This is, once again, a very important reminder of what is important. Thank you for posting this… read it today on Thanksgiving, and am reminded [again] of what truly matters. I know I don’t want to come to my last day and think about how much time I didn’t spend with my family… indeed the very reason we are here in this life.
Spend every day making good memories with those you love.