Posted on 11/14/2013 6:59:43 AM PST by SJackson
I heard a man the other day talking about rising food prices, but I don’t think any Obama advocate associates that with him.
And the Obama Team says that inflation is really low under Dear Leader’s administration. They also have some prime beachfront property in Gila Bend to sell to you. Dirt cheap!
We did the grocery shopping last night and we are talking about how we can lower our expenses even more. Because of my gardening and canning we don’t have to buy some things, but it’s starting to get out of hand. Packages are smaller in addition to higher prices. Even cheaper food items are climbing: pasta, dried and canned beans, rice, etc.
I have seen just about everything raise from about 25 to as high as 50 % on food and household items in my neck of the wood. Rubber products went up substantially in the 30 + % range. When your’re wealthy rising prises really don’t bother you but when you’re barely scraping by its a big deal. Talking from personal perspective having been both at one time or another. On the down side right now...: (
Heh.
It amazes me still how many people will just accept that.
Prices up. Contents getting smaller!
Great article, although neither Marie Antoinette nor Herbert Hoover made the statements about cake and chicken, respectively, that are attributed to them.
Milk, butter, cheese, ice cream, hot dogs, salami, French fries and eggs.”
...Only “bad” foods are ice cream and French fries. Just sayin, my blood levels, energy and body fat are all excellent, thanks to low carb diet. Just sayin’. Eggs are tremendously good for you by the way!
The ramen noodle packs that went ten for a dollar during my earlier period of `funemployment’ are now three for a buck.
And whoever does those bacon fantasy creations to post on the internet is a wealthy person, I mean has to be.
We buy stuff like rice and pasta and sugar/flour staples at SAMS. I subdivide the 50lb bag into smaller brown paper lunch bags (about 8c of whatever per brown paper bag) and then carefully fold down the top and place it in a ziploc freezer bag. Those are rotated through the deep freeze and labeled accordingly. The ziploc bags can be reused almost indefinitely if you’re careful and the brown paper bags usually end up in the compost. Pasta gets 2 or 3 brown paper bags, nested, depending on the shape and ‘sharpness’ of the particular type.
WAY cheaper this way. And the smaller packages fit in underbed storage drawer thingies I put under my shelves in the pantry. So far the only bugs I’ve gotten were in 4 bags of rice I inadvertently put away w/o it having gone through the freezer first. YMMV.
High oil flours like almond flour just stay in the freezer for storage. You could probably do beans this way as well. It’s also more convenient to have the smaller package open than a giant bag/container of something. I have saved $1/lb on somethings, even more on other things.
Have you noticed that most of the sliced bacon is now in 12 oz pacakeages rather than the normal 16 oz? I grabbed a more normal priced package only to notice it was 25% smaller.
Ice Cream where 1/2 gallon now equals an oversized quart.
I had to give up bacon as much as I love it.
I simply cannot afford it, but even scrapple which is mostly the scrapings and scrap has gone up into the stratosphere.
Inflation is high, but it only weakly shows the decline in the health of the economy. Far more telling than the price of a good, or the change in price of a good, in a market, is the elasticity of the price of the good, relative to the change in the price of the good. If the price of a good is at its critical point, where there is no margin for profit, where consumers can just barely afford to consume it, and producers can just barely afford to produce it, and traders can just barely trade it, a swing in price has far more to say than when times are good, and there is room in the market.
When a market has plenty of elasticity, and there is inflation, that means that the government is stealing more of your money, taking away your profits and vacations. When the market has little elasticity, and there is inflation, that means that the government is stealing more of your money, taking away your savings and property.
Times are far worse than people are realizing. The next stop for this train is a ravine — there are no more stations. I think we may already be off the bridge and descending toward impact.
That’s a very nice bill! I particularly appreciate the typography! Why, it as though it were written with a modern, computerized word processor! The spell checker must have been throwing a fit over those f’s.
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