It would be better if nobody asked why I woke up when listening to this but still I think it bears a listen. Start at minute 55 when Jared Dillian speaks the truth about something obvious and yet something that most people simply forget.
— zerohedge (@zerohedge) May 1, 2026
Here's the rough transcript for what I wanted you to hear.
"Corn, rice, beans are basically in the same place or lower than they were 15 years ago and we've had 50% inflation since then so they're really cheaper in real terms. So, that's the point I wanted to make......
In 2011 gas prices were $4.00 per gallon and now they're $4.00 per gallon so we've had 50% inflation so it's still cheaper in real terms."
Some conniving traders are out there trying to panic people with the end of the world because fertilizer or some bullshit, need to be ignored for what they are, the AlGore of mistruth, lies and deceit. Yes, it is not going to be pretty in the 3rd world but it never is and most important, there is nothing you can do about it so you are well advised not to panic or obsess over it.
1 comment:
We will see about October 2026
As that old saying goes:
The white lie
The Damn Lie
and Statistics.
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