Regardless of how the Biden-Harris administration downplays and denies it, grocery prices are rising, and Americans are struggling to put food on the table. Americans are spending the highest percentage of their income on food in three decades, with no sign of slowing down. By the end of last year, the average person was spending 25% more for the same grocery store products as they were four years earlier.
The trend is continuing: Groceries had already jumped 1.1% in cost on average by June of this year, and there is no end in sight. There are many reasons for this, including rising transport costs, higher minimum wage, and rising input price pressures, but there’s another factor to consider that should scare everyone who likes to eat: dynamic pricing.
Kroger insists that its ESL system is lowering prices for shoppers.
A recent letter from Senators Elizabeth Warren (D-Mass.) and Bob Casey (D-Pa.) to the CEO of the Kroger grocery store chain raises concerns about potential price gouging via electronic shelving labels.
They claim that chains like Kroger use “Electronic Shelving Labels (ESLs), to surge grocery prices and exploit working families. Digital price tags allow corporations to engage in dynamic pricing — changing the prices of goods based on temporary factors including the time of day or the weather.” […]
— Read More: www.theblaze.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
