High gas hits home

The era of cheap credit, cheap food and cheap energy is over. We must now work in a world where food & fuel are expensive and hard to get. Bank losses from the mortgage meltdown are over one trillion dollars and on the automotive front GM says that big SUVs are not selling.

The cost of wheat has doubled in one year and rice is at a record high. Worldwide rice shortage has forced Walmart to ration rice. As for oil I see shortages in the days ahead. John Titor told people "get a bicycle!"

When I predicted high price for food and fuel the debunkers laughed. Are they laughing now?