Posted on 05/26/2014 7:12:08 PM PDT by blam
Chriss W. Street
26 May 2014
After five years of the federal government telling the public that despite a $3.5 trillion increase in monetary expansion, the inflation rate is below +2%, the Department of Agriculture (DOA) just warned the American public that the consumer price index for food is up by 10% this year.
The DOA tried to blame food inflation on the drought conditions in California, but last year’s drought was worse and food prices fell by -6%. The real problem is Federal Reserve monetary stimulus is stimulating inflation. I reported in "Food Price Inflation Scares the Fed” two months ago that commodity food costs were exploding on the upside. Given the lag in commodity costs impacting prices on grocery store shelves, annual U.S. food inflation is now running at +22% and rising.
The DOA tried to blame food inflation on this year’s drought conditions in California that they stated may have “large and lasting effects on U.S. fruit, vegetable, dairy and egg prices.” It is true that California droughts are always agricultural issues, since 80% of the state’s freshwater supply is used by farms and ranches. This has resulted in surface water deliveries to farms and ranches from reservoirs and the California Aqueduct being cut by 32.5%, or 6 million acre-feet.
But “large and lasting effects” on agricultural production in California will be avoided this year by pumping 5 million acre feet of groundwater from underground lakes, known as aquifers. The aquifers are a relic of the era when the Pacific Ocean covered much of the state. California has over 850 million acre feet of water stored in 450 known groundwater aquifers, enough to cover the state to a depth of 8 feet.
(snip)
(Excerpt) Read more at breitbart.com ...
On the other hand, that may be why every agency in the federal government has been militarized, for instance, the request for sub-machineguns by the Dept of Agriculture!
Mark
Retired 30 years already...imagine trying to get by on very adequate income of that long ago. It cuts purchasing power by at least 1/3.
According to our government by ObamaNation food and fuel are not figured into inflation rates.
Bob probably never goes shopping, besides what else would you expect a socialist to say?
I keep thinking what my maternal grandmother used to say everytime we took her shopping, “if I didn’t have to eat, I’d be rich.” B-P
Bob probably never goes shopping, besides what else would you expect a socialist to say?
All you have to do is look at the “Size”of the packages at the supermarket.What was 16oz. is now 140z.;what was 1lb. is now 13oz.A “pound”of coffee is now maybe 11-12oz.One half-gallon of ice cream is now 48oz.They are trying to”Disguise”it,but it’s THERE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
He’s a Bought and Paid For STOOGE!!!!!!!!!!!!!!!!!!!
Some old news.
U.S. beef exports to China and Hong Kong have soared this year as rising incomes,...
http://www.usmef.org/news-statistics/press-releases/us-beef-exports-to-china-and-hong-kong-have-soared-this-year-as-rising-inco-13475/
Some new news.
U.S. pork, beef exports increase pace in March
USMEF | Updated: 05/07/2014
Drovers CattleNetwork
http://www.cattlenetwork.com/cattle-news/US-Pork-Beef-Exports-Increase-Pace-in-March-258352491.html
“The pace of U.S. beef and pork exports increased sharply in March, driven by double-digit increases to leading markets Mexico, the China/Hong Kong region and South Korea, according to statistics released by the USDA and compiled by the U.S. Meat Export Federation (USMEF).”
Oh, yeah. They're saving the economy alright, by exporting your natural resources instead of manufactured products.
That has to be rough...doubt I’ll make 30 years in retirement. Will be retiring at 67 or 68.
This is true in Australia, also. Even shopping always for the most economical fresh ingredients, to be cooked at home, has become expensive.
U.S. Seasonal Drought Outlook
http://www.cpc.ncep.noaa.gov/products/expert_assessment/sdo_summary.html
Maybe there’s a lesson to be learned. Vegetables should be grown in the eastern Midwest and the Southeast. Same with laws and policies.
I have heard Brinker on and off for a decade or more. I find his show rather dry since I don’t have a whole lot of bread to shuffle around between accounts, but I digress. Bob Brinker can praise some market future index investment area with flying colors, then obliquely allude to the gross mismanagement of the government in another breath without connecting the two. He pretends like the collapse of the government under its own weight is a fantasy.
The market can and is manipulated constantly.
Invest in a garden and actual food, I have been doing it since before he took office. Most food will last several years in cans and so consume the oldest first and constantly rotate your can goods.
A safer and higher return is pretty much a given when you consider the amount of money floating around since O got elected.
If by food stocks you mean actual food, ignore my post since I am preaching to the choir.
No. It's the greedy capitalist wreckers!...
Likely they are in league with spies and saboteurs?...
Maybe it's the failure of the 5 Year Plan Managers, Shoot them!
No, wait. It's the weather. That's it. It's the weather!!
I don’t understand why more people don’t comment on the shrinking size of products. I used to buy half gallons of ice cream. Now the size is 1.5 quarts. Lays chips used to come in 14 oz bags now it is 9 or 9.5 oz bags. Tubes of toothpaste are smaller. Not all but many packages of bacon come in 14 oz size instead of 1 lbs.
Brinker. He’s that hypnotist on the radio, right? Always put me out in five to ten minutes.
Because people are satisfied living as mushrooms...
Oh. the federal government doesn’t count food or fuel in its bogus inflation figures. After all, people don’t eat and drive.
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