Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- We Asked 2,000 Americans About Their Biggest Concern
- At this point, the answer to what Americans are most worried about is pretty straightforward: inflation. In the first FiveThirtyEight/Ipsos poll, 52 percent of Americans said the most important issue facing the country was inflation.
- We asked Americans this question in a variety of ways, but regardless of how we asked it, the top answer was always the same: inflation.
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Inflation rose 8.6% in May, highest since 1981
- The consumer price index rose 8.6% in May from a year ago, the highest increase since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected.
- Surging food, gas and energy prices all contributed to the gain, with fuel oil up 106.7% over the past year.
- The rise in inflation meant workers lost more ground in May, with real wages declining 0.6% from April and 3% on a 12-month basis.
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Gas prices surge 25 cents in a week, hitting new record
- There are now 10 states where the average price of gasoline is $5 a gallon or higher, with the latest being Michigan and Indiana. Washington, DC, is also above $5, according to CNN.
- Georgia is the only state with an average below $4.30 a gallon.
- Veteran oil analyst Andy Lipow told CNN he expects the national average to hit $5.05 a gallon in the next ten days.
- US crude jumped to a fresh three-month high of $120.99 a barrel
- Mark Zandi, chief economist at Moody’s Analytics “If oil prices go to $150, we are going into recession. There is no way out”
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Rev 6:5, 6 NCV When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, “A quart of wheat for a day’s pay, and three quarts of barley for a day’s pay, and do not damage the olive oil and wine!”
Important Takeaways:
- Americans Will Never Forget The Historic Economic Collapse During Joe Biden’s Presidency
- At this stage, the balance between supply and demand has reached a crisis point for all traditional forms of energy simultaneously…
- We have never faced anything like this before, and one industry insider is referring to this as a “perfect storm”…
- In case you didn’t get the point of what he was saying, “large supply gaps” is a politically correct way of saying “widespread shortages.”
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Rev 6:5, 6 NCV When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, “A quart of wheat for a day’s pay, and three quarts of barley for a day’s pay, and do not damage the olive oil and wine!”
Important Takeaways:
- The average price has risen 8.1 cents over the past six days
- The price of a barrel of front month crude on ICE Futures Europe increased $2.04 Monday to settle at $117.60, its highest amount since March 23.
- Crude oil costs account for slightly more than half of the pump price
- The national average price rose three-tenths of a cent to a record $4.622. The national average has set records 19 of the past 22 days.
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Rev 6:5, 6 NCV When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, “A quart of wheat for a day’s pay, and three quarts of barley for a day’s pay, and do not damage the olive oil and wine!”
Important Takeaways:
- Rising gas prices and inflation top travel concerns, overtaking Covid, survey finds
- According to a survey, 69% of Americans plan to travel this summer, but rising gas prices and inflation now top their list of concerns, overtaking Covid.
- The national average for unleaded gas hit another new high Tuesday.
- Gasoline prices have run up sharply heading into the peak summer driving season and show no signs of slowing down.
- Analysts say gasoline prices usually peak by mid-May, but this year prices at the pump could continue to rise into July and reach about $5 a gallon or more.
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Matt 24:6,7 Then he said to them: “Nation will rise against nation, and kingdom against kingdom. 7 There will be great earthquakes, famines and pestilences in various places, and fearful events and great signs from heaven.
Important Takeaways:
- Trade is vital to mitigating the global food crisis.
- India, the world’s second-largest producer of wheat by volume, announced export restrictions on the commodity
- Before the war in Ukraine, food prices were already at some of their highest historical levels due to high fuel and energy prices, droughts, and the lingering effects of the Covid-19 pandemic.
- The war in Ukraine has made the situation worse, as Russia and Ukraine produce large percentages of the world’s wheat, sunflower oil, and other vital food commodities.
- A rise in fuel prices is also a major contributor to the rise in food prices, as food now costs more to store, process, and transport.
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Majority of U.S. Voters Say Their Financial Situation is Worsening
- The majority of registered U.S. voters say their financial situation is worsening, according to a recent Harvard CAPS/Harris poll. 56% of respondents told the pollster that things are “getting worse” from a financial standpoint. Just 20% said their financial situation was improving.
- This is a devastating finding that has been climbing month after month — no matter how they are actually doing, a solid majority believes now they are becoming worse off economically and that is America’s most critical read on the mood of the voters,” said Mark Penn, the co-director of the Harvard CAPS/Harris Poll.
- Gas and food prices have also surged to near historic highs. As of Tuesday, the national average price for a gallon of gas has hit $4.598, according to AAA
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- Gas prices hit $4 a gallon in all 50 states for the first time
- For the first time, gas prices in all 50 U.S. states have hit an average of at least $4 per gallon, according to data from AAA
- The elevated national average gas price could signal higher highs ahead of the summer travel season.
- And it’s not just the U.S. Gas prices in Canada also hit an all-time high this week, reaching $2 per liter for the first time, GasBuddy said.
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Rev 6:6 NAS “And I heard something like a voice in the center of the four living creatures saying, “A quart of wheat for a denarius, and three quarts of barley for a denarius; and do not damage the oil and the wine.”
Important Takeaways:
- War-fueled food inflation will cause social unrest, UN official says
- A perfect storm of war, extreme weather and Covid-19 will drive global food prices to levels that will cause social unrest in some parts of the world, according to David Beasley, head of the United Nations World Food Program.
- “If people can’t feed their children and their families, then the politics unsettles,” Beasley told CNN during a conference on Thursday.
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