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Food Crisis Doomsday Scenario As Prices To Shoot Through The Roof
The Market Oracle ^ | 8-31-2010 | Pravda

Posted on 08/31/2010 11:49:11 AM PDT by blam

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To: Grams A

I notice one of our two grocery stores here has started offering a good price on items only if you buy ten of whatever it is.

41 posted on 08/31/2010 12:47:57 PM PDT by handmade
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To: BuffaloJack
Stop burning our food in cars and there won’t be a food crisis.

That's some food for thought.

42 posted on 08/31/2010 12:48:53 PM PDT by Digger (If RINO is your selection, then failure is your election)
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43 posted on 08/31/2010 12:59:39 PM PDT by CajunConservative (0bama, your ass is the first one you need to kick.)
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To: blam
RE :”This is what is happening today. September corn is up by 3.6% a bushel, wheat by 34 cents. In July the price of wheat shot up by the highest quantity in the last 50 years: 42 per cent. This in turn will push up prices of pasta, bread and cereals in the near future. Prices set to rise for 12 to 18 months Analysts predict upward trends in wheat, corn, soybeans, bean oil and bean meal and the general feeling is a continued rising trend over the next 12 to 18 months... Russia reports a drop in production of around 20 per cent due to dry weather conditions. Drought has also affected Ukraine (where maximum production is set to reach just 66% of domestic demand) and Kazakhstan, while floods have affected 13 million acres of cereals in Canada and have wiped out a large part of China’s harvest. Germany’s wheat production is ten to twenty per cent down on 2009; in Argentina dry conditions mean that only 80% of the arable land for cereals has been planted.

Just what the unemployed were looking for high food prices. Expect to see in rise in food stamps use by illegals and Obama sueing states that try to cut them off.

guess this guy was right : Jim Rogers/Asian Financial Forum (World Commodities fundamentals enhanced), January 24, 2009

44 posted on 08/31/2010 1:02:44 PM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
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To: KarlInOhio
Walmart prices everything by the unit, whether it is pounds or oz, or whatever.

Most people don't even know where to look for that price though. It is on a tag of the shelf the product is on. Takes all the guess work and figuring the lower priced product.

45 posted on 08/31/2010 1:04:13 PM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: GnuHere

“Food prices, including fast food, seem really high.”

I’m actually amazed that you can get a McChicken, or a McDouble, or similar hot sandwiches or hot foods for a dollar. It absolutely blows my mind.

Then again I am also impressed that I can send a letter anywhere in the U.S. for 44 cents. That is incredible to me.

46 posted on 08/31/2010 1:21:11 PM PDT by Persevero (Homeschooling for Excellence since 1992)
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To: blam; All
Some happy news regarding the upcoming famine:

1) H1N1 killed off most would-be starvation victims during the last panic attack.

2) In a pinch, Muslims are a great source of protein.

3) Obesity and famine are never found in the same populace.

4) Oil and wine are forecast to be available right up until the Rapture, possibly longer.

5) Somebody, somewhere will be forced to eat Rosie O'Donnel.

6) Richard Simmons will finally have no reason to sweat to anything.

7) The George Foreman Grill in your closet will become a sought-after fat collector.

8) Zombie movies will become an enjoyable fantasy escape from the daily drudgery of scavenging food among the mindless cannibal hordes roaming around outside.

9) Nobody's wife will look fat in anything.

10) Michelle Obama will have no new proposals involving federalizing your children.

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

47 posted on 08/31/2010 2:02:18 PM PDT by The Comedian
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To: handmade

For larger families that may be good but on other things if I buy 10, that takes a chunk of the budget and limits the variety of one’s meals. I find that I’m spending roughly the same amount of money now on food for just myself as I spent when I had 2 always hungry teenagers, packed lunches and rarely went out to eat. Tried to get my neighbor’s to form a small co-op purchase program with no luck thus far.

48 posted on 08/31/2010 2:23:52 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: farlander

I’m spending all my money on canned spam.
You used to (12 to 18 months ago..) be able to buy the Hormel version of SPAM in the dollar store ,, now it’s $1.79 at the cheapest place I know and genuine SPAM is $2.39 or higher ... buying SPAM may be the investment of choice in 2011.

49 posted on 08/31/2010 3:43:03 PM PDT by Neidermeyer
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To: Grams A

Yes- buying ten of anything at a time is good for someone with alot of family still home, not so good for any one else. Which is the whole idea- they can say but we have great sales, knowing most people are not going to do that buying.

My response to that almost guaranteed is not to buy whatever it is, period. The price cut is always substantial so that means unless it is something I really need (not going to happen) I just walk right on past.

I would do a co-op with someone if I had the option but I don’t have. I do garden and put up food.

We are going to need to know how to be conservative with buying, and certainly people in general are going to have to learn to live within their means (under their means, actually) or they are going to be in a world of hurt.

50 posted on 08/31/2010 8:46:37 PM PDT by handmade
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To: handmade

I grew up in a farm and whatever we raised or grew, we ate. Hated weeding that 2 acre garden and summer as a kid was not fun having to spend time picking, snapping, pealing, canning and preserving. But would love to have that garden space now. Funny what a difference 50 years will make!

51 posted on 08/31/2010 9:56:28 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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