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A 28 Item Grocery Order From Target That Cost $64.50 In 2020 Now Costs $158.30
Authored by Michael Snyder via The Economic Collapse blog,
The cost of living has become absolutely suffocating for millions of Americans. For years, the bureaucrats in Washington have been feeding us numbers that show that the rate of inflation is low, but it is obvious to everyone that what they are telling us is simply not true. Many of the items that I regularly purchase at the grocery store have more than doubled in price over the past decade. Some have more than tripled in price. When I get to the register to check out, I feel like asking the cashier which organ I should donate to pay for my groceries.
We have reached a stage where grocery prices are causing extreme financial stress for families all over America. One man recently caused quite a stir on social media when he revealed that a grocery order from Target that cost $64.50 in 2020 is now $158.30 in 2026…
This post has already been viewed a million times.
The reason why it is so popular is because it instantly resonates with people.
Everyone knows that grocery prices have risen to absurd levels, and yet the statisticians in Washington keep assuring us that everything is fine.
I don’t believe them.
Do you?
The Washington Post just conducted a poll that found that 66 percent of Americans consider the cost of groceries to be unaffordable.
That figure has risen by 21 percent just since February…
Americans are feeling worse about the price of groceries than they were before the war with Iran began, a Washington Post-Ipsos poll finds.
About two-thirds, or 66 percent, of Americans say they would describe the cost of groceries as unaffordable, up sharply from the 45 percent who said the same thing in February before the conflict started.
Partisanship continues to play a big role in perceptions, with half of Republicans saying groceries are affordable in the latest poll, compared with about one-quarter of independents and Democrats.
Housing is even worse.
The median price of an existing home in the United States has now surpassed the $440,000 mark…
With a landmark housing affordability bill in political limbo, U.S. home prices have hit an all-time high.
The median price of existing homes in June was $440,660, up 1.8% from $432,700 a year ago, according to new data from the National Association of Realtors (NAR). Home prices have risen for 36 straight months.
“Housing affordability remains low under slowing wage growth and stronger home price growth,” Ershang Liang, an economist with PNC Economics Research, said in a report.
Who can afford to pay that much for a house?
Rental prices have also gone through the roof.
If you can believe it, the average rent on a one bedroom apartment in Manhattan is now a whopping $5,408 a month…
The city’s housing crisis has hit “DefCon 1” — with average rents for a one-bedroom in Manhattan hitting an all-time high of nearly $5,500 last month, and Brooklyn following suit, according to new data and critics.
“We need bold action. This is a crisis,’’ New York City Comptroller Mark Levine posted on X over the weekend, along with a link to the latest figures from the inhabit blog by real-estate giant Corcoran Group.
The dismal June stats reveal that renters paid an average of $5,408 for a one-bedroom in Manhattan, with studio prices not far behind at $4,014.
It isn’t a mystery why most Americans are struggling in this sort of an environment.
Many are turning to debt in a desperate attempt to make ends meet…
Many American families are struggling to make ends meet on their incomes alone and have resorted to credit cards, payday loans, and Buy Now Pay Later (BNPL) options for groceries, according to nonprofit research center Urban Institute.
The findings are based on a survey of 18-to 64-year-old working-age adults conducted in December 2025. About 8.7 percent of adults said they used a credit card for groceries and were unable to make the minimum payment, up from 7.1 percent in 2023, the Urban Institute said in a July 13 report. This suggests “worsening financial distress” among families.
Almost one in 10 used BNPL to pay for groceries, out of which more than a third missed a timely repayment last year.
Unfortunately, when you keep piling up debt a day of reckoning eventually arrives.
Coming into this year, alarmingly large numbers of Americans were getting behind on their credit cards…
And the number of foreclosures in the U.S. is way above the highly elevated pace that we witnessed last year…
Foreclosures across the U.S. ballooned in the first half of the year, a sign of the increasing financial strain facing the nation’s homeowners.
Foreclosure filings reached nearly 228,000 from January to June, up 21% from a year ago and 28% from two years ago, according to data released Thursday from real estate data company ATTOM.
Rising foreclosure rates indicate that more homeowners are in financial distress, Rob Barber, CEO of ATTOM, said in a statement. Homes go into foreclosure when the owner falls behind on mortgage payments, often due to extenuating life circumstances such as a job loss. ATTOM defines foreclosures as default notices, scheduled auctions or bank repossessions.
This reminds me so much of the conditions that we experienced just before the financial crisis of 2008.
Unfortunately, the cost of living is only going to go higher.
The cost of energy directly affects the cost of everything else, and it appears that the Strait of Hormuz is going to be closed for an extended period of time.
The average price of a gallon of gasoline in the U.S. has nearly reached four dollars again, and the average price of a gallon of diesel has already risen above the five dollar mark…
US gas prices have rocketed higher during the on-again, off-again war with Iran.
After a brief respite, the average price for gas has surged 15 cents in a week to $3.94 a gallon and appears headed north of $4 again. Diesel, which shows up in customers’ shipping costs, topped $5 a gallon again Thursday for the first time in 3 weeks, according to AAA.
It serves as a painful reminder of how the military conflict in the Persian Gulf has a direct effect on your wallet.
Of even greater importance is what the closure of the Strait of Hormuz means for the global fertilizer market.
As Mike Adams has pointed out, without sufficient quantities of nitrogen fertilizer we won’t even come close to producing enough food for everyone…
Admittedly, I have failed to explain the stakes clearly enough. For months, I have written about fertilizer supply chains, the Haber-Bosch process, and the vulnerability of the Strait of Hormuz. But the gravity of this crisis has not sunk in for most people. Let me put it as plainly as I can: The global population of more than 8 billion people depends on a fragile web of natural gas, oil, and downstream chemistry that took 60+ years to build on this planet. If we lose 25 percent of these critical substances, we lose 25 percent of the population. That is 2 billion people. Here is why that math is inescapable.
As I documented in my article “The Haber-Bosch House of Cards,” the single chemical reaction that fixes nitrogen from the air into fertilizer is responsible for feeding roughly half of humanity [1]. That process requires vast quantities of natural gas. The Persian Gulf region, especially Qatar and Iran, supplies much of that gas. When the Trump administration launched its war on Iran in February 2026 and the Strait of Hormuz was effectively closed, the global fertilizer supply chain began to collapse. This is not a prediction of future famine. The famine is already baked in. But it could still get a whole lot worse depending on how things go from here.
We could be facing multiple years when global food production is at depressed levels.
That means that food prices will go even higher in wealthy countries, and in poor countries there will be shortages.
Famine is one of the major trends that I am tracking, and what we are already witnessing in some parts of Africa is absolutely heartbreaking.
There is no magic button that we can press that is going to make these problems go away.
A crisis of historic proportions is now upon us, and we are still only in the very early stages of it.
Michael’s new book entitled “10 Prophetic Events That Are Coming Next” is available in paperback and for the Kindle on Amazon.com, and you can subscribe to his Substack newsletter at michaeltsnyder.substack.com.
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Two Greek Oil Tankers Attacked In Hormuz, Bahrain Pummeled, As Mediators Push 10-Day Ceasefire
- Fresh Strait of Hormuz attacks: Two Greek-owned tankers were hit, further escalating threats to shipping.
- War keeps widening: US airstrikes continue as Iran retaliates with regional attacks, including on Bahrain.
- Casualties rise: Deaths mounting on both sides of the conflict - especially after Iranian attacks on Jordan airbase.
- Desperate ceasefire efforts: Mediators are proposing a 10-day ceasefire and renewed US-Iran talks.
- Houthis escalate: Announce a maritime embargo on Saudi shipping, expanding regional tensions.
Yes 26% · No 75%
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Greek Tankers Hit, Also as Iran Targets BahrainIran's IRGC continues to insist that it along is in control of the Strait of Hormuz, as it continues firing on foreign vessels seeking to traverse the Strait of Hormuz outside of Iran's 'approved' zone and protocol. According to some of the latest developments on this front, via regional media:
- One of two Greek-owned tankers hit by projectiles in the Strait of Hormuz has been abandoned by its crew after fire was reported on the vessel.
- The crew was rescued by a tugboat after abandoning the Maltese-flagged Kavomaleas owned by Greece’s Dynacom Tankers.
- Earlier, UKMTO reported fire onboard the tanker north of Kuzmar, Oman. It had been stranded in the Arabian Gulf after spending months offshore of Saudi Arabia.
- It appeared to exit the Strait of Hormuz on July 2 although its AIS tracking was turned off.
Various locations across Iran meanwhile continued to get pummeled by US aerial attacks. Iran in turn has been heavily targeting Bahrain on Monday.
"The US launched an aerial attack on one of the areas in Shiraz, it resulted in no casualties, and the situation is under control," IRIB reports. Currently, FM Araghchi is said to be en route to Pakistan, as mediators scramble to contain the war.
Air war alone cannot dislodge a large military/regime, hence the dilemma of restraint vs. quagmire and new forever war...
I'm confused.
The USA has the most powerful military on Earth. We've bombed the HELL out of Iran for 4 months. Trump says their Air Force, Navy, and nearly all of their missile capabilities are destroyed.
...so how is Iran still capable of hitting US bases right now???
Bahrain statement: "Bahrain’s Civil Aviation Affairs said Monday that an Iranian drone attack targeted civilian air navigation systems used to manage the country’s Flight Information Region as military escalation continues to rage on between Iran and the US."
Casualties Mount on Both SidesThe US military is bombing Iran for what is now the ninth straight day of renewed fighting, in a campaign which has expanded to include both civic and military infrastructure, also as Iranian retaliatory attacks keep up the pressure on the Gulf states, and have reached into Jordan, which deadly effect on an American base there.
Iranian authorities have said at least 50 people were killed and more than 500 after the return to war in the last three weeks. State media has reported that eight were killed in a single bridge strike on Friday.
American deaths have become evident as well, with US soldiers confirmed killed in a Saturday CENTCOM announcement. The Pentagon said Sunday a third US servicemember was killed in northern Iraq Sunday, in what's being described as an accidental death during a "controlled detonation" of a downed Iranian attack drone.
Smoke rises near the oil facility in Mangaf, Kuwait.The US has identified that Lieutenant Tyler James Feehan, 25, of Ewa Beach, Hawaii, and Private Isabella Gonzales, 19, of Carrollton, Texas, were killed in the Jordan attacks Friday. They were there as part of the ongoing 'counter-ISIS' mission, the Pentagon further indicated.
Proposed Ceasefire, Efforts to Reboot TalksDespite what has been several days of running escalation, Iran has it has received mediation proposals to restart negotiations with the United States, according to Foreign Ministry spokesperson Esmaeil Baghaei on Monday. Baghaei told state media that the country will continue to defend itself resolutely.
"I emphasize once again that the diplomatic apparatus continues to pursue its tasks jointly and in line with the defenders of the homeland in the armed forces. The proposals submitted through mediators have been communicated to us and have been received," the spokesman said.
This as a new ceasefire proposal is said to be in the works, with the headline resulting in a drop in oil prices:
MEDIATORS PROPOSE 10-DAY CEASEFIRE BETWEEN IRAN, US: REUTERS
Miscalculation & 'Full-Scale War'According to more details of the fresh push for regional ceasefire via The Wall Street Journal:
Mediators were working to push the U.S. and Iran into a new ceasefire Monday, fearful the two foes could settle into a pattern where they keep conflict below the level of all-out war but disrupt regional economies indefinitely and run the risk of a miscalculation that escalates the fighting.
The efforts come after the U.S. carried out a ninth straight night of attacks, Iran retaliated against Arab allies including Kuwait and Bahrain, and another vessel in the Strait of Hormuz was hit by a projectile that started a fire and led the crew to abandon ship.
Qatar has floated the idea of a 10-day ceasefire and an end to restrictions on shipping in the strategic waterway, mediators said. It wasn’t clear whether either side was ready to accept a new halt to the fighting after the preliminary peace deal they signed in mid-June collapsed earlier this month, they said.
Joachim Klement, head of strategy at Panmure Liberum, has newly commented that investors "still think the US and Iran will go back to the negotiation table," and stipulated that "Only once the US is no longer willing to negotiate do we expect markets to price higher oil prices for longer."
However, statements out of Iran do not suggest de-escalation, with President Masoud Pezeshkian having said Monday his country is engaged in a "full-scale war" with the US and that Iranians must be ready accept the repercussions of the conflict.
"The reality is that today the Islamic Republic of Iran is engaged in a full-scale war. We must be realistic and accept the natural consequences of this resistance," Pezeshkian said.
A few days ago, the Qataris submitted a proposal to regulate the Strait of Hormuz.
A response from the leader was supposed to arrive yesterday, but it did not.
The proposal includes establishing a new, designated corridor through which ships could pass, while imposing a…
The situation on the ground does suggest this, amid reports that the US side is concealing or downplaying the true extent of damage on its regional bases as casualties mount:
Dozens of US military personnel were wounded and helicopters damaged during three Iranian strikes on American forces in Jordan last week, The New York Times reports.
Citing anonymous US officials, it said the Pentagon did not disclose the casualties and damage inflicted during the attacks, which came before Iran’s strike that killed two soldiers and left one missing on Friday in Jordan.
The total number of US personnel killed in the US-Israel war on Iran now stands at 17 with more than 400 wounded since the war was launched on February 28.
“Central Command is not required to release information about injured service members,” a US military official told the Times as part of the weekend report.
⭕️ Iran FM Araghchi: Wars End Either Through Total Victory or Negotiations…
Foreign Minister Abbas Araghchi:
🔹 A war must be ended precisely at the point when you hold the upper hand on the battlefield. Ending a war is possible either through total military victory or… pic.twitter.com/kHeYhShsXC
Meanwhile, Yemen's Houthi rebels have announced they are imposing a new maritime embargo against Saudi Arabia in response for a recent attack on Sanaa Airport, and after years of the kingdom leading a blockade of Houthi-controlled Yemeni ports. A military statement by Houthi spokesman Yahya Saree said the maritime ban on all Saudi shipping will be effective immediately in what he declared as an "equation of 'an eye for an eye.'"
However, details of what this 'embargo' will look like, in terms of where or what chokepoints the Houthis might seek to blockade were not given.
Last week the Saudi-led coalition in Yemen attacked the Houthi-controlled Sanaa International Airport, threatening a fragile truce that has been in place since 2022. Saudi jets had prevented an Iranian passenger plane from landing there, after the US-Saudi recognized Yemeni government warned against any Iranian planes entering the divided country's airspace.
Within days of that incident, the Houthis reportedly sent missiles on Saudi Arabia - which was a first after years of relative peace. In addition to unveiling the anti-Saudi embargo, the Houthis spokesman warned that if the Saudi siege on Yemen is not lifted, then Houthi armed forces will move towards a full-scale war.
Overnight Developments- US and Iran engaged in another exchange of strikes after an Iranian attack on Jordan killed two US service members on Friday, while Tehran said it was suspending its commitments under the interim peace deal as strikes ramped up.
- US President Trump said we hit Iran very hard again tonight and hit Iran in honour of probably three patriots who died, adding we are ending any chance of Iran having a nuclear weapon.
- US Central Command announced the ninth consecutive evening of strikes against Iran, in which targets included Iranian military command centres, air defence and coastal surveillance sites, maritime capabilities, missile and drone launch sites, and communication networks, to further diminish Iran's ability to attack commercial vessels and civilian mariners transiting the Strait of Hormuz. CENTCOM also announced it redirected 6 commercial vessels and disabled 1 to ensure full compliance, as of July 19th.
- Explosions were heard in Iran's Tabriz and the city of Jask in the Hormozgan province in southern Iran, while explosions were also reported in Sirik and Khormoj, southern Iran. Furthermore, there were explosions in Delijan in the southern Markazi province and Arak in western Iran, while air defences were activated in Konarak city, Sistan and the Baluchestan province in southeastern Iran.
- Iran launched missiles from its Lorestan province in western Iran towards enemy targets, and blasts were reported at US bases in Kuwait and Bahrain, while explosions were also reported in the UAE's Ras Al-Khaimah.
- US is said to be planning for a wider war, according to a US official familiar with internal administration discussions, cited by The Washington Post.
- US Secretary of State Rubio said the US remains open to a diplomatic resolution regarding Iran, while Rubio also stated that his meeting with the Lebanese President was very positive.
- Iran’s nuclear agency condemned a US attack on the site of the nuclear power plant under construction in Darkhovin, which it said violated international law, according to Mehr News Agency, although it didn’t mention when the strike took place.
- Iran's Deputy Foreign Minister Gharibabadi said the US strike on the under-construction power plant was a dangerous attack on Iran's peaceful infrastructure, and the US must bear full responsibility for any escalation and the resulting insecurity and instability.
- IRGC said it destroyed 20 warehouses used by US forces in the Azraq region of Jordan, resulting in the deaths of dozens of soldiers, according to Al Jazeera Mubasher.
- IRGC said two ships were involved in an “accident” after attempting to transit the Strait of Hormuz via an unsafe route, and that two other vessels abandoned the route, while it warned that vessels influenced by the US and entering unsafe routes will certainly face accidents. It was later reported that IRGC said two oil tankers were blown up after attempting to transit the southern route in the Strait of Hormuz.
- UKMTO said it has received a report of the incident eight nautical miles northwest of Oman's Khumsar, with a vessel on fire, but the cause has not been verified yet.
- Tehran Times noted reports of an unprecedented rise in opposition to the war within various ranks of the US military, while it noted that refusals by US personnel to carry out orders from superiors are increasing at an unprecedented rate, citing multiple intelligence sources.
- Kuwait's Defence Ministry said Iran conducted sustained strikes against civil and critical infrastructure on Kuwaiti territory, which caused multiple fires and severe damage.
- Iranian Foreign Ministry spokesperson Baghaei said negotiations with the US could be pursued based on national interests and that intermediaries have shared messages with Tehran in recent days. Mediators are continuing their efforts to prevent escalation, and we have received proposals from them, but we will not go into details now. He added that they will not abandon talks with the US but Iran's sovereign rights over the Strait of Hormuz are non-negotiable.
- Al Jazeera source in Pakistan's Interior Ministry said the Iranian Interior Minister arrived in Pakistan's capital Islamabad today. Iran and Pakistan will hold extensive consultations on border management, cross-border security and the implementation of the Islamabad MoU, alongside other issues of mutual concern, Journalist Mallick reported.
- The Yemeni Armed Forces said an announcement of an important position to be released at 3pm Sana'a time (13:00BST).
- Explosions were sounded in Isfahan, however reports state they were caused by controlled explosions. Additionally, Iran's Bushehr Governor said Bushehr was targeted twice by the American enemy.
- Unofficial reports indicate that one drone struck the grounds of Kuwait's main power plant, Tasnim reported.