Hello fellow Rebel capitalists hope you're well. So I don't know if you've heard about this, but we are suffering from a massive diesel shortage.

This is turning into a crisis and prices could skyrocket as a result.

Not all prices, but specific prices such as food.

The thing that you actually need to survive. I've said for a long time on this channel, we're going into this weird world of inflationary deflation.

And what I mean by that is the prices, the stuff that you really need are going up, going up very, very quickly,

all the prices that you don't need really going down.

So on net balance, I think that's worse for the average Joe and Jane.

But let's get into this story from, I believe, Bloomberg, yes Bloomberg, diesel supply strains deepen while trucking demand

recovers in the United States.

They say it's recovering, but when you get into the article they say yeah it's kind of recovering not

really though and there's just one quote from this economist that actually works for

a trucking company so I don't know if it's it to that extent, but what we're seeing is diesel prices

skyrocket, not necessarily because of the demand side of the equation, but because the supply side

of the equation. And it is true these diesel prices are an input

cost for pretty much every single thing you buy now so food prices can go up

now it doesn't mean that overall inflation can go up long term because unless velocity

really, really increases, which I don't know why it would, people need more money.

Because if it's just food prices going up that's the stuff you need

they're forgetting if Rob Peter to pay Paul something that we talk about on the

channel all the time but that doesn't mean that food prices themselves can't go up and up and up and up,

which is what we could see happening.

Now, I think the reprieve here would, ironically, be a recession that would decrease demand down to a level where the constraint

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