Once again Peter is very astute.

First Peter has a post about why it doesn't matter if Democrats or Republicans are in office. Both parties are extravagant spendthrifts, and yes I know the extra extravagant is is in there.  It IS intentional.

Why politicians don't cut spending

Then Peter write about the contagion that is Cyprus and it's malevolent spread throughout the EU.

The Cyprus contagion spreads

Next up Peter looks at how fuel usage relates to the economy.

As goes fuel usage, so goes the economy

Seriously. You need to check those out.

Buy a freezer and stock up on meat

"Farmers who cannot afford feed ‘liquidating’ pig and cattle herds will drive food inflation to record high, says Rabobank report

The mass slaughter of millions of farm animals across the world is expected to push food prices to their highest ever levels.

As well as hitting consumers’ pockets, the predicted 14% jump in food prices will also dash the Bank of England’s hopes of pushing inflation down to 2% by next year.

Farmers across the world have begun a mass slaughter of their pig and cattle herds because they cannot afford the cost of feed, which has soared following the worst US drought in living memory, according to a report published on Wednesday."

With the drought and high temperatures we have experienced this year farmers are about to lose their shirts.  Farmers can't grow enough grains to feed the ranchers livestock.  Not enough hay has been harvested to last the winter.  Ranchers will cull their herd to blood stock only, and slaughter the rest.  Meat prices will dip slightly then it will sky rocket.  Be prepared for all other grocery items flour, sugar, peanut butter, even potato chips to start going through the roof as well.  Higher fuel costs plus less supply means the prices for everything will rise.  So get what you can now, before the supply becomes limited and the prices go out of your reach.