Hi Everyone,
Over the past couple years, we have seen the cost of food rise exponentially. This rise was partly due to supply chains, but the major reason prices have been rising at a fast rate is due to the large amounts of money printing that the Federal Reserve has been doing.
With all this printing, more dollars are chasing fewer goods, causing the prices to rise. In today's podcast I go over the following:
- Purchasing steak at Whole Foods for $53
- Cost equivalents of this steak in Mexico/other countries that are in the global south
- Palm Pay - Selling of this technology based on convenience, but worse things coming out of it
- Eating healthy is a luxury now that not everyone can afford
- Assessing alternatives to Whole Foods/Big food and shopping at farmers markets/butchers directly
Overall the goal is to pay fair value for high-quality food that doesn't kill us. The amount of junk in our food now can be overwhelming, and if we want to be healthy it can be expensive - but there are options out there.
What do you think?
Best Regards,
SatsMates
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Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.
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