Posted on 07/18/2021 6:44:47 AM PDT by bert
The media are all concerned with inflation. Prices are in fact increasing, some increases seem exponential. However, one component has not inflated. Food prices in the Food City survey have remained pretty constant.
What will be the results of a Pelosi/Biden government?
Many think there will be inflation. Milton Friedman taught us that “Inflation is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output.” The $2Trillion covid relief plus the !5% minimum wage plus the forgiveness of college loans all pump money into the economy.
Those actions are the very definition of monetary phenomena. The Bureau of Economic Analysis keeps us informed on the inflation rate but fails in one respect. The inflation information provided leaves out food. So, in the era of Pelosi/Biden induced inflation, bert has developed a basket of 20 common food products and will track prices and compute the inflation rate on the basket total and each individual item at a one month interval. The reason given for excluding food in the BEA inflation figure is because there are so many variables that effect prices that monetary inflation gets lost in the shuffle. So, there will be no attempt to correct for other variables. One we know that is already happening is China. China is in terrible food shape. Crop failure, massive flooding, swine disease and poor management of stock piles have forced China to import phenomenally large quantities of soy beans and corn. Brazil is sold out of soy beans. American farmers will pick up all he slack.
There does not seem to be much China induced food price inflation to date.
Being bert and being conservative, I choose to ignore China and blame all the food price increases on Pelosi/Biden
The sixth monthly food inflation presentation is posted below. There is not much inflation noted for June.
Good to hear !!
Good on Ya !
Meanwhile Hormel canned beef tamales are still $1.76 A can. Yum! 😊
Meanwhile Hormel canned beef tamales are still $1.76 A can. Yum! 😊
That’s because they use 20 year old *meat*.
😱
/Just Kidding!!
😂 prolly they do.
American farmers will pick up all he slack.”
***********************************************************************************
American Farmers are not having a good year especially upper midwest and CA. Duram Wheat is the worst is 60 years. Livestock is being sold off early due to lack of feed.
Preppers - I hope we are ready!
We are just a tiny farm but we are in a sea of small and mid sized farms. No big Ag in the area as the land really is not suitable for factory farming.
Lots of prayers this morning in church for the crops but that is normal in summer for here. We pray for sun and rain, often at the same time.
My one pound TV dinners I have bought for years, are now suddenly 13.1 ounces (for same price). I remember when Obama was the fake Prez bottles (in a six pack) of pop became 16.9 oz, can’t remember if they were 20 oz or 24 oz before.
Grocery deli item I but every week was 3.99 per lb., now it is 4.59 per lb.
+15% is a major increase. It is going to spread.
America cannot pick up the slack if we have our own crop failures.
The drought and heat in the west and mid west, with attendant grasshoppers,
Flooding on the eastern seaboard (my garden is a standing puddle at the moment),
The deep freeze in the south this past winter.
Last year’s storms that wiped out some wheat crops.
And there’s still the potential for more tornadoes, hurricanes and flooding from those.
And an early winter would not help.
Anyone who can needs to be looking at doing their own gardening and storing of food.
Seeds can be had right now and learning the skills to garden, harvest, save seeds, and put up your harvest takes time.
I’ve learned a lot this year about gardening on a larger scale, laying out the garden, seeing what’s worth growing, and saving seeds from heirloom varieties. Next year will go more smoothly , I hope.
Thanks for passing that link along. I’ll give it a try.
Now add to this history of drought, heat, flooding, storms, or a shortened growing season,
now add to that a breakdown of the supply chain, or rather more accurately named the 're-supply chain',
and there will be chaos, outrageous inflation, and society moral breakdown.
That is exactly what the WEF, "Cyber Polygon", is designed to do : breakdown of fuel, transportation, and supply chain.
It is all part of " The Great Reset ".
in a near by county containing some of the best river bottom farmland any where, the farmers are leasing acreage to someone. That leased land is planted wall to wall in soy beans.
Come harvest time, the someone begins to harvest it all using equipment totally out of reach to the farm owner.
With "Cyber Polygon", WEF advocated by "the Great Reset" there is a designed attempt to control the internet, fuel, transportation, and thus the supply chain failure.
That is what "cyber polygon" is all about.
You need to develop alternative redistribution systems independent of the internet, regional farm markets, and reintroduction of basic "farm stands" to feed the region
sorta like what the old timey local co-ops do used to do for local seed and fertilizer redistribution.
We have milk cows, couple of neighbors have goats, about 30% of us have chickens. If you were in our area you just asked your neighbor. We could connect you to someone who had what you needed. Milk, eggs, butter, honey, flour, bread starter, Borax, even TP. Fresh garden grown veggies by the bushel.
No money exchanged hands but it was understood you would do them a favor in return when and how you could.
yes it’s outrageous 30% plus
My summer garden has played out and I’m planting fall seeds as I told Mr. GG2 we might actually need to eat from it this year if there are supply chain problems. I put out kale cucumbers and spinach yesterday. Today collards, Swiss chard , carrots and kholrabi. In winter I put plastic over my small garden and the collards and Swiss chard never die off even in the teens.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.