Free Republic

Watch it slipWatch it slideI bet $10 on the losing horseFeel the gripOf my brideWatch me do it againWhere’s my dinner?!– Short Lip Fuser, Rocket from the CryptEmpty StomachsEvergrande’s going down. And it’s taking the life savings of countless good people down with it.But while Evergrande’s going down. Food prices are going up. Moreover, they’re going up a lot.According to the United Nations Food and Agriculture Organization (FAO), global food prices were up nearly 33 percent year over year in August. Vegetable oil, grains, and meat all cost more. Unfortunately, rising food prices – and empty stomachs – often presage...

Rumble — Video compilation of people revealing how the government is creating a food and resource shortage. Infuriating!!!!!

Devastating heat. Debilitating droughts. Crippling frost. Extreme weather is creating nightmares for farmers around the world — and making food more expensive for Americans. Arabica coffee futures have almost doubled over the past year to seven-year highs as Brazil grapples with frost conditions that have wiped out crops. Retail coffee prices will likely follow suit. Sugar prices are also on the rise, driven up by the frost in Brazil as well as dry weather in the Dakotas and Red River Valley. Wheat, one of the most common food sources for the average diet, has surged to the highest level in...

Air-conditioned prices up from last summer All large appliances up. Washing machines, driers, dishwashers, refrigerators etc. Microwave ovens stable or up Food prices? What do you see? Forget chicken wings, buy drumsticks to substitute. Drumstick prices are not up very much. Beef up 50% from last year. My favorite cuts at least. Though grass fed hamburger at Aldis is down 50 cents per pound. Watermelon prices same as last year. What inflation or deflation do you see in anything? Some that might get you angry,

Food prices are surging in grocery stores and restaurants, hitting small businesses very hard. “They haven’t gone up. They’ve almost doubled,” said Nick Rando, owner of an Italian restaurant in Natick, Massachusetts. Rando said that in January, red meat and steak cost him $7.35 a pound. “Last week, it was $13.20 a pound.” People in Massachusetts have been complaining about the rising costs of other food products like produce, meat and prepared foods. But this phenomenon isn’t just happening in one state. According to the National Bureau of Labor Statistics, the price of cereal and bakery items have risen by...

The next time you’re shopping for groceries or taking in a meal at the local cafe, keep an eye out for newly raised prices. Companies from Chipotle to Piggly Wiggly are raising prices in an effort to make up for elevated costs in labor, goods and transportation, according to The Wall Street Journal. It’s just the latest inconvenience brought about by the real Biden Effect: Rampant inflation and ever-increasing costs. Consumer prices flew upward by five percent in May, marking the highest rate of inflation since the Great Recession. Now, the increasing costs of everyday necessities like food threaten to...

The number of vaccine deaths jumped double digits in the latest US reporting. The Israeli political situation with Prime Minister Netanyahu saying 'people rightly feel cheated' with the new government being proposed but first... 27 arrests in Minneapolis Saturday night in a third night of protests over the killing of Winston Smith by a US Marshals Task Force... (Comment) Not such a big deal because Joe Biden is President mainstream media? Also feds not using body cams if local law enforcement uses them why not feds? The latest Centers for Disease Control data on vaccine side effects showing 759 new...

If you think inflation is already blistering hot - as most companies and survey respondents clearly do - and the worst case been largely priced in, with little inflationary upside left, think again. As Bloomberg notes, last week saw the Bloomberg Agriculture Spot Index rise by the most in almost nine years, to extend the stellar rally seen since last August.Due to the lag between ag costs and finished food prices, the latter are about to soar. And since food is a large component of CPI baskets in Asia, Bloomberg warns that "this large inflationary impulse in the region that...

What will be the results of a Pelosi/Biden government? Many think there will be inflation. Milton Friedman taught us that “Inflation is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output.” The $2Trillion Covid relief plus the !5% minimum wage plus the forgiveness of college loans all pump money into the economy. Those actions are the very definition of monetary phenomena. The Bureau of Economic Analysis keeps us informed on the inflation rate but fails in one respect. The inflation information provided leaves...

Shoppers had better start budgeting more for their grocery bills, according to the latest consumer price index, which shows prices are increasing — and they’re likely to keep going up. The monthly consumer price index, released Tuesday morning by the Bureau of Labor Statistics, showed a 0.6 percent increase in March, the largest one-month increase in nearly a decade. Over the past year, prices have increased 2.6 percent overall. Gas skyrocketed up 9.1 percent last month. Since February, fruits and vegetables have risen nearly 2 percent and the index for meats, poultry, fish and eggs have risen 0.4 percent, according...

There is no general price increase to report in the March monthly report What will be the results of a Pelosi/Biden government? Many think there will be inflation. Milton Friedman taught us that “Inflation is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output.” The $2Trillion Covid relief plus the !5% minimum wage plus the forgiveness of college loans all pump money into the economy. Those actions are the very definition of monetary phenomena. The Bureau of Economic Analysis keeps us informed on...

s it time to worry about food inflation? The Food and Agriculture Organization's Food Price Index rose for a seventh consecutive month in December, led by dairy products and vegetable oils. The FAO Food Price Index averaged 107.5 points last month versus 105.2 points in November. The benchmark, which tracks global food prices of cereals, oilseeds, dairy products, meat, and sugar, averaged 97.9 points for 2020, a three-year high, and a 3.1% rise from 2019 levels. The global food index was still down 25% from its historical high reached in 2011. Vegetable oil prices saw the most significant jump, up...

Hello, it is the Fourth of July 2020. "Independence Day" or "Another Day In The Dictatorship Of Covid-19" There was a bicentennial in 1976 and Bob Hope entertained us for that occasion along with lots of stars..... No Meaningful Republican Party Opposition To DC 19, Instead Distraction With Cultural Warfare.... Burning The Muzzles (Masks) In Boise No tea to throw in the harbor this time around like 200 years ago but how about a mask burning to protest the chains we are in. The protest yesterday Friday over the mask order of the mayor in Boise Idaho...... Newsdump Update: Two...

Deflation picked up in the U.S. in April, pushing consumer prices down 0.8 percent compared with a month earlier, even while food prices soared. The price of gasoline dropped 20.6 percent for the month, the Department of Labor said Tuesday. The prices for clothing, airline travel, cars, recreation, and hotels all plunged while the price of groceries saw its biggest monthly increase since 1974. Compared with a year ago, prices were up 0.3 percent, Core inflation, a measure which subtracts changes in the prices of the volatile food and energy categories, fell 0.4 percent, the steepest decline ever in records...

The Burrito Index: Consumer Prices Have Soared 160% Since 2001 by Tyler Durden Aug 1, 2016 11:31 AM 0 SHARES Submitted by Charles Hugh-Smith via PeakProsperity.com, In our household, we measure inflation with the "Burrito Index": How much has the cost of a regular burrito at our favorite taco truck gone up?Since we keep detailed records of expenses (a necessity if you’re a self-employed free-lance writer), I can track the real-world inflation of the Burrito Index with great accuracy: the cost of a regular burrito from our local taco truck has gone up from $2.50 in 2001 to $5 in...

The US national security industry is planning for the impact of an unprecedented global food crisis lasting as long as a decade, according to reports by a government contractor. The studies published by CNA Corporation in December 2015, unreported until now, describe a detailed simulation of a protracted global food crisis from 2020 to 2030. The simulation, titled ‘Food Chain Reaction’, was a desktop gaming exercise involving the participation of 65 officials from the US, Europe, Africa, India, Brazil, and key multilateral and intergovernmental institutions. The scenario for the ‘Food Chain Reaction’ simulation was created by experts brought in from...

The math is pretty simple: A lack of purchasing power for consumers has led to a lack of pricing power for companies. When it comes to the U.S. economy big-picture outlook, the ramifications are more complicated, and not particularly pleasant. Wednesday's producer price index reading, showing a monthly decline of 0.5 percent, demonstrates a larger problem: At a time when policymakers are hoping to generate the kind of inflation that would indicate strong growth, the reality is that deflation is looming as the larger threat. Declining prices often would be treated as a net positive by consumers, but income weakness...

(Thomas Dishaw) Food may be your best investment, seriously. Prices are out of control as grocers struggle to make profit in an industry known for slim margins. At the end of the day grocery stores make about one or two cents for every customer who walks through the door. Crazy right? This is the industry standard after paying benefits, wages, rent, advertising, legal, and inventory costs, profits are slim. With that kind of business model you can expect prices to continue rising no matter what kind of economy we are in. I continue to be amazed at how high these...

Michelle Obama has been on a quest to change the way Americans eat, like it or not. Her nutritional guidelines for schools has resulted in kids throwing away massive amounts of food, a reduction in school lunch program participation, students, especially athletes, complaining that the food isn’t enough to sustain them during the day, and Special Education programs losing their main fundraising program. .... Now, Michelle Obama wants to take her nutritional demands from the school system nationwide with major changes being suggested by the U.S. Department of Agriculture (USDA) to nudge Americans to purchase healthier foods. While the “expert...

(CNSNews.com) – The average price for all types of ground beef per pound hit its all-time high -- $3.884 per pound -- in the United States in July, according to data released today by the Bureau of Labor Statistics (BLS). That was up from $3.880 per pound in June. A year ago, in July 2013, the average price for a pound of ground beef was $3.459 per pound. Since then, the average price for a pound of ground beef has gone up 42.1 cents--or about 12 percent. Five years ago, in July 2009, the average price for a pound of...