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 ...
Goats are the way to go....milk...home made yogurt...cheese ....and excellent meat when surplus goats are relocated to the freezer.
It just occurs to me that this might be why the Everett Herald did a big story on rabbit cookery in their food section this week. I have to admit that I have cooked it and eaten it, but not lately.
when the Fed is priming the pump, the Fed is not in control of where in the economy any given % of the extra dollars it is printing will land
a lot of dynamics and a lot of factors determine where those dollars go
they could go into the stock market like they did in the hi-tech and dot-com investment bubbles - but stocks while up this year have actually been on a really slow pace for some time
they could go into a new housing bubble, but housing is mostly churning now with existing home-owner moves and investors (people with money or equity already) driving most of the housing market much more than brand new first time home buyers who would otherwise getting lost of new loans with the feds new dollars - but that is not happening either
so, with rising baby boomers freshly retired and starting their era of social security, consumer spending is where a lot of the new money is going, and the first thing people spend more money on when the have it is food, from its various sources
however
I have seen food price inflation - at the supermarket for a good many years now and don’t consider the recent food inflation rate as completely recent but an accumulation of food inflation that’s been building for some time
Food costs have to be part of a web of other costs—transportation, for example.
And cities like Seattle who think they want a $15 minimum wage are going to see increase in prices of various things, I would expect.
Bush’s fault.
ping
And hunting season will look like this. .
The federal gub mint has told us for years that inflation is at like 2 or 3 percent.
Ask any person who does the family food shopping if this is pure horse crap or not and they ALL will say this federal gubmint is full of LIARS.
Just like obammy.
. . . and my garden gets bigger and bigger.
As does mine, and you said in a later comment - all heirloom.
“My other sign is my vegetable garden.”
Beware....Starkist Tuna is now owned by Korea and is in big conflict with the U.S. regarding quality, safety and records which Korea refuses to produce.
Shun all products from Korea, China and the Phillipines. Read everything on the cans all the way down. Scary and nauseating food production and packaging in these countries.
Buy American packaged, frozen and canned food (especially fish) even if it costs a few pennies more. Concentrate on savings elsewhere.
Leni
Even the Navy Commissary prices are almost the same as a Civie grocery store. Some times you get bargains, Restock fee is 5% vs state sales tax. But if you work it right, the civie grocery store if it does gas points, you can save there. Kroger’s is our chain. And they do, plus they give a free item most Fridays, and Gift cards as long as the are not store, credit or multi denomination, are running 2 times the points now, and until July for the weekend 4 times the points. We have saved nearly $600 in gas this way for the year.
I used this at Christmas, 10 mins of card selection got $2 off 2 different fill ups up to 35 gals of gas. And I didn’t have to go the the CHRIST less mall, where they don’t allow me to CCW. A 2 hr round trip, not handicap friendly either.
She has that Obozo/Stalin/Hitler/Lenin/Mussolini look down pat, doesn’t she.
She’s obviously superior to those of us who can actually comb our hair.
That’s the truth. About two years ago, I went grocery shopping for our usual staples and perishables. I was stunned to
see the total at the cash register. It had gone from $80 the previous week to $170 for approximately the same things in
the same amounts.
It has run over $200 ever since then. Same stuff, and Heaven forfend I should have to buy some house-ware or other.
If I was living at my own place, I’d have both. Along with a whole slew of other things. But for now I’m living with family in a quiet suburban lot, so efficiency isn’t the only concern.
Chickens are better at converting feed, and we like eggs a lot, but they’re noisier than rabbits and would attract more attention. Rabbits I could claim I was raising them to sell as pets.
So far I haven’t gotten permission for either, so it’s a moot point.
In a tiny suburban lot?
After I move out to my land I’m planning on raising some dairy sheep. I looked at goats, but decided sheep would suit me better.
I am not complaining I live a wonderful life. It does take constant planning and conservation. I have had lots of practice!
City dwelling changes everything.
Indeed rabbits are quieter than chickens.
Unless you are raising screaming attack rabbits.
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