Of all the game-playing "packaging to price tricks (less for the same money), for some reason, the below approach ticked me off all out of proportion. This is Charmin brand from COSTCO about a month apart.
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 ...
Here’s a link to a .pdf detailing cost of production for corn:
http://www.extension.iastate.edu/agdm/crops/html/a1-20.html
The short version is it costs $4.25-5.10 to produce a bushel of corn.
Corn is selling right now for $4.20-4.50 per bushel.
Maybe there would be plenty of corn for free without the ethanol mandate!
This lil party over on wall street is about to get last call. When it does, hundreds of millions to billions in private wealth will evaporate from the accounts of the middle class workin folks.
Interest rates held down to near zero for years now is pummeling elderly folks investments for retirement.
This has been the most mismanaged financial time I have ever witnessed. The majority of Congress should resign in shame as should that damn bozo up in the white house.
You already do look like an idiot. That was satire, both the original, and mine.
I'm sure that Dianne "It's the Law! Deal with it!" Feinstein can send you maps showing where to go and watch the little fishies enjoy "their" water...
..or gasoline, or medical care, or home heating and cooling; the Valley has long periods annually of 95F+ temperatures...
But I'm sure Michael Jordan $400 athletic shoes are considered in the cost of living increases:
Welfare up 33% the last 7 years. That does not include increases in Medicaid spending.
Earned Social Security? 11%.
I suspect, but don't know that Obama's regime is not too eager to supply accurate numbers for ANYTHING!
Of all the game-playing "packaging to price tricks (less for the same money), for some reason, the below approach ticked me off all out of proportion. This is Charmin brand from COSTCO about a month apart.
‘Food is up 10% this year.’
Well just add that to the other 30% in the last three years...
Bingo
You have to Parboil it first.
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).”
Still wondering when we’ll see rationing put into place. They’ve already done it with healthcare.
Sure it was. You must be new to econ threads.
I don't know about elsewhere, but in Virginia the only "discount" EBT card holders get at the register is they don't pay sales tax on food. However, they do have to pay the sales tax on any discount they get with the use of coupons.
Couple days ago I got a phone call from an organization that was urging people to call the White House and ask them to not allow the EPA to mandate the higher ethanol content in gasoline. They patched me through to the White House. The operator asked me why I was calling and when I told them they switched me to a line at which a recording said they were closed and would not take messages.
And they’re doing this despite a recent Govt, peer reviewed study that claims ethanol use in fuel actually INCREASES CO2 emissions by 7%.
When McD’s first opened in the 50’s they advertised a 15 cent hamburger. And it was. I had many 15 cent hamburgers at McD’s.
OMG....I can’t stop laughing
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