Posted on 05/26/2014 12:52:51 PM PDT by kingattax
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.
(Excerpt) Read more at breitbart.com ...
That cat said the same thing about you...
I’m not worried this women explains it all to me:
http://www.youtube.com/watch?v=P36x8rTb3jI&feature=kp
Only our Washington Royalty didn’t know that food prices have been skyrocketing since Obama took office.
Someone should redo that video with statistics of the misery index, the workforce participation rate, the replacement of well paying full time jobs with part time jobs, headlines about Libya, Egypt, Ukraine, etc.
Maybe it’s ever more money chasing roughly the same amount of food?
Likewise maybe it’s 4 billion dollars a day in new government debt. Do the math and that’s roughly $80 dollars borrowed per day per tax paying employed citizen or $2,400 per month per tax paying employed citizen.
I can think of another meaning for “DOA”...we’re that.
The government now has to defend the petrodollar with everything it has which will lead to major wars; or, turn the weapons on us.
Either way, it’s over, enjoy it while it lasts.
That is a good life my FRiend.
I came with 6 from the bush of AK. As a younger I didn’t see new clothes until 6th grade.
New home in the Southland but very disciplined in the Church and community. All the children had various times to watch after me.
I was caught one time across a 4 lane road at a grocery store.
I was 3 at the time.
I learned from an early age to go get it.
I understand some pain in this world but people that don’t reach for it will never get it.
Don’t expect me to pay for it.
That certainly is not the case, unless you believe in zero-sum theory.
So what is a cost of living?
From what I’ve heard, ‘possum is NOT good eatin’.
Except, when they are . . . right? Seriously, let’s get some econ facts correct, before you make the rest of us look like idiots.
My bulldog brought one of those `cats’ to my back door by the scruff in his jaws a couple weeks ago, thought it would please me, I suppose.
I mentioned it here on FR. He dropped it on the back deck. It was `playing possum’ but scared the wife.
So the bullmastiff was growling, getting ready to give it a `lick’ when I booted it back into the bushes where it belonged. Don’t know if you’ve ever seen a possum smile but I didn’t want to pick it up. I doubt it could eat me, but they can bite.
It is something the government has burdened you with.
You determine the cost.
Oh that kind of cat- lol
I understand that in the UK, milk is the equivalent of $3/pint.
Chez Boots would have a hard time with that.
You’re right. Having said that, I don’t mean to be too indelicate, FRiend, but if you get hungry enough you’ll eat possum, snake or the a** end out of a skunk.
;0)
Are you saying you are beholden to what the grocery stores want?
Wasn’t it just 40yrs ago that all of America thought that the South and Appalachia were idiots?
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