Pizza, EVs, and Eggs (Again)

As the demise of the dollar reveals itself by the day, and interest rates rise, there is evermore a premium on affordability. [Unsubscribe]( [Wiggin Sessions] August 19, 2022 Pizza, EVs, and Eggs (Again) “Better ingredients, better pizza.” — Papa John [Addison Wiggin]Dear Reader, “I make and keep my own eggs,” Kyle H says, responding to an oddly sustainable theme we stumbled on this week. Kyle is preserving his wealth, literally: [Click here to learn more]( “Water glassing eggs [#homebrewing]( Onward. Today, we begin with two examples of the “replacement” or “substitution” effect we were discussing yesterday. In Japan, Pizza Hut is offering a rice based pizza crust, in part, because of the Russian-Ukraine war and surging inflation of wheat prices. “We’re always thinking of ways to make our products appealing to Japanese customers, and rice is obviously a perfect fit,” says a charismatic Emi Mikado, spokeswoman for Pizza Hut Japan Ltd. “On top of that we’re seeing this surge in wheat prices.” Rice pizza. Hmn. Moving up the food chain to prices even harder to swallow… The Chinese electric vehicle manufacturer BYD reported yet another month of blowout sales of 162,350 vehicles, more than tripling in July vs. a year earlier. People are starting to compare the largest EV maker in the Eastern Hemisphere to tech giant Tesla as the BYD Seal hits the streets throughout Asia and Europe… and makes a run for Musk’s Model 3 throne. At one point Musk was promising the Model 3 as the car of the people, lauding a $30,000 price point. Today it costs $46,000 and up. The BYD Seal meets Musk’s target: just $32,958. BYD also claims to have mastered vertical integration. The car maker controls multiple levels of the EV production process. Tesla, for example, is reportedly going to build the Model Y with BYD blade batteries at Gigafactory Berlin in an East-West supply partnership of the ages. It’s “win-win or lose,” as Bill Bonner would say. As the demise of the dollar reveals itself by the day, and interest rates rise, there is evermore a premium on affordability. So it goes, [Addison Wiggin] Addison Wiggin Founder, The Wiggin Sessions P.S. Meanwhile, back in America, you may be aware the newly minted Inflation Reduction Act (IRA) includes roughly $80 billion for the Internal Revenue Service. The IRS plans to hire 87,000 new employees, including 1,000 new agents to snoop around your backyard looking for buried treasure. Read more detailed acerbity with Bonner Privates Research’s Joel Bowman, [here](. [A father and Son] P.P.S. Next week we’ll be giving you inside access to a private briefing BPR conducted in July… including a look into what economic minds like Doug Casey, Rick Rule, & Porter Stansberry think of the “new normal.” --------------------------------------------------------------- This is the new normal… [Click here to learn more]( A strange phenomenon is ‘distorting’ America’s financial system. If you listen to the mainstream media, you’d think a new crash is imminent. But today, former Goldman Sachs Managing Director Dr. Nomi Prins is coming forward with a different kind of prediction. “We are about to see a crisis like nothing we’ve ever seen before. It won’t be like the crashes we saw in 2000… 2008… or even 2020. In fact, the next crisis won’t be a crash at all.” – Nomi Prins It has nothing to do with a pandemic, or inflation, either, but “Americans who are hoping for a return to ‘normal’ are about to be left behind by a new reality.” If you have more than $1,000 in the bank, this could be the most important interview you see in the next 60 days. [Watch her bombshell prediction for America’s economy now.]( Ed. note: Got something to say? Send your feedback to The Wiggin Sessions, [here.](mailto:WigginSessions@5minforecast.com) Follow the Wiggin Sessions on Social Media! [Facebook Group]( [Twitter]( [Instagram]( [YouTube]( [LinkedIn]( [The Financial Reserve]The Wiggin Sessions is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Consilience, LLC. delivering daily email issues and advertisements. 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