If you thought that the economic news was crazy during the first half of 2022, just wait until we get to the second half. So many of the problems that we are experiencing now are going to continue to intensify, and Americans are becoming more pessimistic about economic conditions with each passing day. Our leaders have been involved in this devastation, and many of us are extremely concerned about what is coming next. The following are 10 Nightmare-ish economic trends that we should expect to see during the second half of 2022. Number 1, gas prices will continue to surge higher, and many Americans will be shocked by how high they eventually go. If you can believe it, in Washington state at least one gas station has now reprogrammed their gas pumps to make room for double-digit pricing. At the 76 gas station in Auburn, Washington, located at 1725 Auburn Way North, gas pumps have been reprogrammed to make room for double-digit pricing. In March, they still had single-digit programming. The spokesperson at 76 confirmed to the post-millennial that the gas pumps were reprogrammed to allocate for double-digit pricing. Although not confirming that they are expecting prices to increase up to $10 or more, the current trend suggests the possibility. Thepostmillennial.com Supplies of fuel will continue to get even tighter in the months ahead. Here today, I heard from a friend on the east coast and one in the middle of the country that both said that diesel is now being rationed where they live. So far, I have not been able to confirm that this is happening on a widespread basis. Number 2, we are being warned that there could be extended blackouts in some parts of the nation during the summer months. It is being reported that the middle of the country is particularly at risk. About 100 million Americans face power blackouts this summer, as roasting weather, overstretched power plants, and unreliable green energy sources, combined to create a perfect storm of problems. State stretching from the Great Lakes to the Pacific Ocean which are home to tens of millions of Americans could have a hard time producing enough power for their residents this summer. The Meizow part of America's power grid, whose full name is the midcontinent independent system operator, is at greatest risk of a large scale outage. Dailymail.co.uk Number 3, everyone pretty much agrees that food prices will continue to rise. Of course they have already reached levels that are absolutely insane. Take the case of Jeff Good, who co-founded three restaurants in Jackson, Mississippi. Around 18 months ago, a 40-pound box of chicken wings cost him about $85. Now it can go as high as roughly $150. Expenses for cooking oil and flour have nearly doubled in the past five months, he said. But it's not just ingredient prices going up. He's paying more for labor and services too. Even the company that maintains his air conditioners has tacked on a $40 fuel charge per visit. To cope, he's raised menu prices. The 15-piece order of chicken wings, a signature dish at his sal and mucky's pizzeria, went for $13.95 before COVID hit. Now, when costs can vary so much, their labeled at market price like some restaurants do with lobster. But peaks, the menu price can be about $27.95, but that represents a barely their margin, and Good estimates the real cost is closer to about $34. He's trying to decide whether to keep raising prices or take wings off the menu. Ocregister.com I don't know about you, but I don't ever see myself paying $34 for an order of chicken wings. Number 4. As our supply chains endure even more stress, shortages will continue to intensify. The extreme baby formula shortage that we are witnessing right now is just a preview of coming attractions. New children in Memphis have been hospitalized after needing IV fluids and nutritional support, due to the baby formula shortage. The preschooler and toddler, both from different families, were rushed to LeBond-Hurich children's hospital, after their parents failed to secure formula as shelves across America go bare. Dailymail.co.uk Number 5. The UN is telling us that we are heading into the worst global food crisis since World War 2. In some parts of Africa, the number of people suffering from extreme hunger has already more than doubled. More than 23 million people are experiencing extreme hunger in Ethiopia, Somalia and Kenya, according to a new report by Oxfam and saved the children. That's up from over 10 million last year. The region's worst drought in 40 years is being exacerbated by conflict in the pandemic. And the war in Ukraine has sent food prices soaring to record levels. NPR.org Number 6. The Federal Reserve is likely to continue to aggressively raise interest rates. In fact, Fed Chair Jerome Powell is openly admitting that his institution's battle against inflation could cause some pain in the months ahead. Federal Reserve Chairman Jerome Powell warned Tuesday that the U.S. could feel some pain, as the central bank raises interest rates to fight inflation, insisting the Fed would do whatever it takes to curb price growth. Boring a live interview for the Wall Street Journal's future of everything summit, Powell said the Fed will continue to raise interest rates until inflation starts to fall, and the forces driving prices higher fade, even at the risk of the deeper economic slowdown. CNBC.com Number 7. Higher interest rates will be devastating for the housing market in the United States. And that is very troubling news, because home sales have already fallen for three months in a row. Home sales fell for the third consecutive month in April, as rising mortgage rates and affordability challenges pushed many would be home buyers out of the market. CNN.com Number 8. As the economy slows down, we should expect layoffs to increase, and jobless claims will eventually start to spike. In fact, we just learned that they have now hit a four month high. Number 9. Needless to say, all of this bad economic news is going to be really bad for stock prices. The S&P 500 has already nearly fallen into bear market territory, and many believe that what we have witnessed so far is just the beginning. Number 10. Many are warning that a recession is either already here, or will arrive soon. The Americans are increasingly becoming more pessimistic about the economy. One survey that was recently conducted, found that 85% of Americans believe that it is very likely or somewhat likely that there will be a recession at some point in the next year. The sort of historic economic meltdown that I have been warning about for years is rapidly approaching, and the mood of the nation will dramatically shift as conditions greatly deteriorate. Most Americans are working as hard as they can, but our standard of living is being systematically destroyed by the very foolish policies of our leaders. Unfortunately, we are still only in the very early chapters of this crisis. It looks like the second half of this year will be even more challenging than the first half, and that is going to have enormous implications for all of us. Before I end this video, let's say thank you to everyone who took the time and energy to research this. They have done a lot for us all. And thank you for watching the video until the end. I hope this information is useful for all of us. See you in the next video.