The FAO Food Price Index (FFPI) rose for the seventh consecutive month, averaging 231 points in January 2011, up 3.4 percent from December 2010 and the highest (in both real and nominal terms) since the index has been backtracked in 1990. http://www.fao.org/worldfoodsituation/FoodPricesIndex/en/
Repeat after banana ben or timmy g inflation is not a problem..
Ben Bernanke’s ‘70s Show
Inflation is on the horizon, and now is the time for the Fed to head it off.
http://online.wsj.com/article/SB10001424052748704709304576124033729197172.html?mod=googlenews_wsj
Geithner: Global Inflation ‘Not High on List of Concerns
http://blogs.wsj.com/davos/2011/01/28/geithner-global-inflation-not-high-on-list-of-concerns/
Geithner says we will not make drastic cuts BTW and he says they can just loosen up on the dollar makes you think they are purposely destroying it.
US will not make drastic budget cuts, Geithner tells Davos
http://freerepublic.com/focus/f-news/2666477/posts
“Is Federal Reserve Chairman Ben Bernanke stoking inflation? Of course he is. Anyone with common sense knows that if you give $600 billion cash to the banks with no qualifications — as he did with the second round of quantitative easing — they will use it to speculate in the markets. JPMorgan Chase (JPM) just bought $1 billion of copper.”
http://www.bloggingstocks.com/2011/02/04/bernanke-denies-causing-inflation/
Marc Faber Calls Bernanke A Liar, Thinks US Inflation Is Running Up To 8%, Believes Pakistan Will Fall Next