You have billions in fake money chasing a fixed number of food products.
It's basic economics but you NEVER see anyone point it out.
Posted on 06/19/2014 9:00:52 AM PDT by xzins
You don't have to be an expert to notice that costs for many essentials are at all-time high. From gas to food, Americans can expect to pay even more in coming months.
The current national average for a gallon of gasoline is $3.67 -- that's higher than it's been since 2008.
The higher prices are being blamed, in part, on the instability in Iraq.
According to AAA, both gas prices and global oil prices have steadily risen since ISIS (Islamic State of Iraq and Syria) took control of Mosul last week. The brutal jihadist army is actually flying its flag over Iraq's largest oil refinery.
High demand and the cost of drilling also play a role in the high price consumers are seeing at the pump.
"It's a lot more expensive to drill for oil today so we need higher prices," oil and gas broker Tom McCarty said.
"Again, if you look at the history going back for the last four years anyway, you know oil prices have been pretty stable," he noted. "Now they tend to swing to the 105 range back down to the 93 range."
"And one of these days it's going to break out above that and I'm afraid we may be close to that happening just simply because of more demand," he warned.
The cost of food is also sky-rocketing.
The price index for meats, poultry, fish and eggs hit an all-time high in May, according to the Bureau of Labor Statistics.
Meat costs are rising the fastest. A seven-year decline in herds has left the fewest cattle in at least six decades.
Analysts warn the high prices for both food and gas are here to stay for a while.
To make matters worse, Senate lawmakers actually proposed legislation this week to raise the federal gas and diesel taxes by 12 cents per-gallon over the next two years.
The proposal was pitched as a way to pay for highway and transit programs.
“Romney would NOT have been better”
Aside from being a totally delusional comment, it’s also outright insane. To the funny farm with you
“But bacon will always be king.”
Bacon here in the Midwest now costs an arm and a leg. Milk is creeping ever higher, and the cost of ground beef is now astronomical. When I went to the grocery store last week, the price of 1 pound of ground beef was $4.79. Ridiculous. And they claim there is low inflation. Aside from being one of many big lies, it’s a lot easier to keep the alleged inflation rate lower when you don’t factor gas or food into that rate, like the fed gov’t does. Bums.
I was at the supermarket, shopping for dinner. I tossed a couple of nice looking steaks in the cart, thinking it would be nice to grill. The two were $36.00, and they were not particularly large.
But, on the plus side, the alcohol/gasoline in my car is corrosive and clogs the fuel injectors in the Wintertime. So I have that going for me...
Tea Party 3.0 here we come, because people aren’t going to stand this to their pocketbooks much longer.
“Well to all you comrades in hoarding out there I guess that survival food has turned out to be a better idea than any of us knew. :-)”
Actually, for certain items, about a year ago I started buying cannisters of survival food (Augason Farms brand, found at Walmart online), because it’s cheaper, lasts longer, and what I have tried so far tastes good too. Most of it has a 10-20 year lifespan unopened, and one year opened. Especially as there is only one of me, so often certain items like celery, green peppers and the like will spoil before I can eat them up, but with the freeze dried version of them, they won’t spoil. Easily reconstituted, tastes fine when used in soups, stews and the like, and saves money. Win, win.
Augason Farms country style powdered milk is the only one I’ve been able to ever actually drink. Tastes just like real milk. Amazingly good, and great for emergencies, like when I run out of milk in the winter, it’s 0 degrees out and snowing, and I am trapped inside (I live in the burbs of Chicago, where the weather can turn on you at the drop of a hat).
The variety of survival food items is amazing. Butter, dried eggs, onions, potatoes, meat, cheese, powdered honey, brownie mix, stews, spaghetti, white and chocolate milk, orange, apple, peach drinks, mushrooms, corn, biscuits, taco meat, etc. You name it, they have it. Now I’ve made myself hungry, lol.
Kudos, and if you have any more tips, please post them.
We'll all be grazing on grass by the time Obama leaves the White House if this inflation keeps up...and I'm sure it will.
Leni
“We’ll all be grazing on grass by the time Obama leaves the White House if this inflation keeps up...and I’m sure it will.”
He’ll tax lawnmowers.
You have billions in fake money chasing a fixed number of food products.
It's basic economics but you NEVER see anyone point it out.
Good info. We live a block from a Wallyworld. Will check our the powdered milk as we usually order and drink Grandma’s country cream powdered milk. It is just the same as drinking regular milk also. You have to order Grandma’s online. I would love to just go pick some up.
Tea Party 3.0 needs to begin nailing corporate cronyism. We know that isn’t the free market that we believe in.
They crash the economy and get bailed out, they boondoggle supposed new industries just to bankrupt after lavish salaries and lavish living, they bring in foreigners to take native jobs and promote serfdom, they use charitable and foundation giving to promote leftist ideology, and they use their financing of candidates to narrow the field down to the liberal that they wanted all along.
We have been faithful supporters of free markets, but when the establishment talks free market what they really mean is social corporatism. They want us to shut up and praise them for their betterness than us.
“You have to order Grandma’s online. I would love to just go pick some up.”
Be aware, I order Augason Farms products at Wally World online. I’m not sure they have it in the stores though. Haven’t looked, as I let my fingers do the walking, but don’t be surprised if it is only available online, just like Grandma’s is. I can vouch for the taste of their country fresh powdered milk though. (They have another kind too, so make sure to get the “country” kind.) It’s really good. Never tasted Grandma’s before.
I checked them out and it sounds pretty good until you start to think about it. What THEY CALL a year’s supply of food for one person is less than a thousand dollars but it is only 1100 calories a day. For a large man like myself if I am active at all I need three times that. A man half my size who is doing hard physical labor of the sort that people used to do could go through the whole week’s worth of calories in one day or a day and a half at the most and not gain weight. No, I am NOT exaggerating. The idea that a normal size adult can live on 1100 calories a day and maintain a normal weight and good health is absurd. That calorie count is literally a starvation diet. When I was a boy working on the farm I ate more calories than that for breakfast most days and when I left for boot camp just after my 18th birthday I weighed 169 and measured six feet three and one half inches tall, a “string bean” if ever one existed. I could lie in bed, get up only to eat and visit the bathroom and on 1100 calories a day I would dry up and die.
P.S., I was just checking out “Grandma’s” website. The stuff on there is pricier than Augason Farms is, from what I can see. I’m bookmarking it though as they have some stuff that looks interesting, like spices. If you order Augason Farms or anything for that matter on Wally World, over $50 shipping is free.
The last time I bought Grandma’s it was $98 per case. One #10 can makes 5 gallons. I have to say its so good its worth the money but we may try some of the Augasons just to compare.
Seriously? — Take a look at the middle panel of this brochure and note just how similar Romney and Obama are, plus it is absurd to think that the opposition party
that can't be bothered to oppose the other guy
[Obama] would actually hold his feet to the fire
:
The Tao of Republican Orthodoxy
[Direct Link]
I am not a Romney supporter. I was not a Romney supporter.
But there’s no way he could have been this bad. If Romney were just slightly better than a combination of Vladimir Lenin and Larry Flynt and Larry/Moe/Curly Joe, then he’d have been better than Barry.
Yep - here in south Kalifornia, it’s been awhile since I saw a price beginning with a “3”...
I think you stared to see that with Dave Brat! Hopefully more to come to encompass that populist (free-market) supporting center.
“You have billions in fake money chasing a fixed number of food products.”
Billions of fake money in the form of federal paychecks, pensions, Fairfax, Va. #1 in national income.
Well, obviously, if you are a larger man, you would have to buy more product, from wherever you would choose to buy it. None of the survivalist food sellers are just going to give it away, so you will have to resign yourself to paying more if you want more calories and quantity of food. You could just buy the 1100 calorie a day food supply, and then you would lose weight and then 1100 calories would be just right, lol.
If you want a 2500 calories per day supply, guess your stuck with paying more just about anywhere, unless you get cheaper quality food and don’t care if it doesn’t taste as good and/or is an inferior product. Or, you could just not buy survivalist food at all. But just buying regular grocery food, you are still going to be paying through the nose. We all are, thanks to Herr Obama.
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