I remember as a young boy, not that I have ever grown up, watching my Mother and Grandmother pick the tomatoes one by one in the fields. It’s as if they interrogated each tomato to determine if it would make the grade. Once collected they were washed and then laid out to dry on sheets, of course, covered not to attract a speck of dust. Everything has to be pristine. All the jars were washed thoroughly, observing my Mother, she must be made of some fire-resistant material as she touches the scalding water and won’t even flinch, it makes me cringe. Today the jars are passed through the dishwasher, an advancement. 

On an actual day, we all get together, and the cutting begins. All imperfections and seeds are discarded. This year, I ran to deliver the bushels to each station and empty the discarded parts for compost.  Once the cut tomatoes are accumulated they are slightly salted in a pot,  then brought to a boil. This softens the tomato to allow maximum extraction of the pulp. Even the water is filtered through a cloth to accumulate any of the remnants. The aim is as little waste as possible. 

Once the sauce is prepared, the jars are set on the table to be filled. But before they are filled, the fresh basil is prepared by washing and inserting it into every jar. Once this is done, the jar lids need to be tightened, Oh the blisters, until someone invented a tightening mechanism. Finally, the approximate  120  jars are stacked in a cauldron, hot water is filled to the top and the propane is lit until it reaches a boil. Previously, we used firewood, I still envision my Grandmother stoking the fire as if it was yesterday.  Once the job is complete, we all sit down for the traditional 10-course meal, bringing the day to an end.

Speaking of traditions,  finance also uses methods that were devised to tackle the issues at hand. The hyperinflation of the Seventies was tackled with interest rates reaching 24%. Savings weren’t taxed as people could park their money without tax consequences. Today, as people are taxed to death and inflation reaches record levels, the impact of raising rates could have a detrimental effect on the economy as a whole. Keep in mind, that the official inflation rate was flat for so long and is now out of control because of one simple fact, printing too much money!

This past week, the Jackson Hole Synopsis was held where all the Central Bankers met to discuss the economies of the world while enjoying the amenities. You would think, with all the vacant Commercial space within cities they could sub-lease a venue and order in Uber Eats to save the taxpayer some dough. Regardless,  the main event was a speech by Jerome Powell, The Chairman of The Federal Reserve. He shed light on how they would tackle the vigilant fight against inflation. Of course, he took an aggressive stand by basically standing firm on continuing to raise interest rates aggressively. The traditional method, of course, makes me wonder with all these Ph.D.s and highly educated people, couldn’t they solve the problems much easier than simply making working-class people always pay more.  Further, he reinforced the fact that households will feel the pain for possibly years to come. Consequently, the Dow Jones market index lost over 1000 points to the dismay of all those invested or pensioned.

Then came Consumer Confidence slightly improved because one of the major variables that measure inflation, the price of gasoline fell substantially. Unfortunately, the S&P 500 fell 6.5% in August, yet consumers are really confident as they try and make us believe? Real pain, is coming as the traditional means of tackling this problem of inflation will have severe consequences. It’s a double-edged sword, dammed if you do and dammed if you don’t!

While the USD Index exploded back above the 109.0 level due to the aggressive dialogue the USD strength reigns supreme. The Europeans in the midst of hyperinflation as well as an energy crisis, do what they do best, rather than stay silent, the European Central Bank (ECB) talks about raising rates aggressively this September by 0.75 basis points. Their vocalization of intentions simply stopped the Euro from bleeding further, like putting a plug in the sink to stop the water from disappearing.  In reality, most European Pensioners will dedicate 3/4 of their income to energy and heating this upcoming winter, a travesty!

Long lines at food banks are already on display in cities like Milano, Italy. The Germans are desperately cutting down trees for firewood and the Polish people are lining up for coal. All this is brought on by the Elites who promote Climate Change baloney. The hyperinflation is causing people to abandon modern conveniences that seem to have become overly expensive and revert to traditional means as the only way to survive the upcoming pending disasters.

Click below to read an interesting article by Rex Murphy, a real scholar and gentleman;

https://apple.news/Au_jqdIukRTOgBBD2_lkY5w

The markets await Non-Farm Payrolls for further guidance. In my opinion, The Federal Reserve can talk tough but when People are actually going to start suffering and spiral into further debt, they will abandon their course of action and eventually the USD will implode once the interest rate increases cycle, comes to an end. They will have mass riots in the streets creating the chaos only people promoting Marxist dogma want to see unfold.