Topic: Commodity Prices

Elon Musk's call for increased U.S. oil output and the restarting of European nuclear plants is highlighted as a rare moment of sanity from a tech leader. Global food prices have reached record highs, raising the risk of a new "Arab Spring" and widespread civil unrest. Significant price increases in commodities like heating oil, coffee, and wheat are cited as evidence of a planned economic depression.

Inflation is hitting global commodities, with coffee prices reaching their highest levels since 2014 due to weather issues in Brazil. Celente notes that despite climate change rhetoric, emerging markets are increasing their use of coal because it is cheaper than alternative energy. He also points to rising prices for lithium and tin as indicators that the cost of electric vehicles and electronics will continue to climb.

The Trends Journal forecasts a significant economic crash as the Federal Reserve is forced to raise interest rates to combat surging inflation. Gerald Celente points to rising prices in lumber, copper, and oil as indicators of a "Greatest Depression" on the horizon. He argues that the current housing boom and stock market highs are artificially propped up by cheap money and are unsustainable.