• It is only one U.S. company; however, the makers of Weber Grills and products released their sales data, and the background shows a severe economic contraction that has resulted in their operating loss of $51 million in the quarter that ended March 31, 2022.  NOTE THE DATE.
  • July 25 (Reuters) – Weber Inc (WEBR.N) on Monday replaced top boss Chris Scherzinger with an insider and warned that mounting inflationary and supply chain pressures could hit the grill maker’s financials and workforce, sending its shares down 20% in premarket trading.
Source: theconservativetreehouse.com
  • According to data compiled by Trading Economics, the following countries are suffering the most from runaway inflation as of June 2022:
  1. Lebanon 210%
  2. Zimbabwe 192%
  3. Venezuela 167% (last compiled May 2022)
  4. Sudan 149%
  5. Syria 139% (last compiled in August 2021)
  6. Turkey 62%
  7. Argentina 64%
  8. Suriname 55.6% (last compiled May 2022)
  9. Sri Lanka 54.6%
  10. Iran 52.5%
  • These depreciated currencies are all but useless at the moment. As we have seen throughout history, the prospect of revolution rises when the people are unable to afford basic needs. Numerous countries on this list are already in the middle of ongoing civil wars and political turmoil. Barter becomes essential as trading goods and services are often the only available option.
  • Here is how the G20 nations rank as of June 2022:
  1. Turkey 62%
  2. Argentina 64%
  3. Russia 9%
  4. Brazil 89%
  5. Spain 2%
  6. United Kingdom 9.4%
  7. United States 9.1%
  8. Euro Area 8.6%
  9. Netherlands 8.6 %
  10. Canada 8.1%
  11. Italy 8%
  12. Mexico 99%
  13. Germany 7.6%
  14. South Africa 7.4%
  15. India 7.01%
  16. Singapore 6.7%
  17. South Korea 6%
  18. France 8%
  19. Australia 5.1% (compiled in March 2022)
  20. Indonesia 4.35%
  21. Switzerland 3.4%
  22. China 2.5%
  23. Japan 2.4%
  24. Saudi Arabia 2.3%
  • T

Source: armstrongeconomics.com