Over the past months, I’ve been shopping at Costco and been purchasing items by the case load and storing them at home. I purchased cases of corn, soups, beans, rice, wine and other non-perishable products. My wife always questioned the wisdom of storing so much food in our house since we really didn’t have enough room for it but with some Costcos now rationing rice, flour and oil, I think it’s all beginning to make sense.

I’ve been warning about rampant inflation for quite some time now here, here, and here. Some bloggers even called my analysis bad and yet here we stand with the world rioting over food just a few short months later.

People will wake up and find that the $2000 emergency fund they saved up won’t be able to buy them much food, gas or much of anything else in the near future if inflation keeps climbing the way it is now. The US Dollar is at all time low against most major currencies and no one seems to care about that at all.

Don’t think that things will all return to normal next month either; People keep hoping that gas prices will go back down to $1.40/gallon – I hate to be the one to break it to everyone but that ain’t gonna happen – those days are long gone. There are 1+ billion Chinese and 1+ billion Indians that have tasted the good life and they’re not going to go back to their old ways – those days are long gone too. The days of cheap food and cheap energy are coming to an end unless some technological innovation shows up real soon.

I’ll be going to Costco again this afternoon to pick up some more food ;) and remember Soylent Green is people!