Martin Ent Inc wrote: On one of my gun forums we have been talking about and sharing info on where to stock up on food and such.
Anyone notice food prices look the same but the amounts are getting smaller?
The fed is stealing our food supply. I read an article about it somewhere will have to look for it.
Food prices are going up, they are going up a LOT. I have been tracking prices of simple commodites like bulk flour, sugar, dried beans, cooking oil since Februrary of this year and they have increased by an annualized 35%. That is a devasatating rate. The only reason people haven't really noticed it yet is that most Americans only need to spend a fairly low percentage of their incomes on food, 10-15% in a typical middle class family. But if that rate of inflation continues, or as I think it will, increases, soon middle class families will be choosing between keeping the lights on, driving the car, or eating.
In my opinion, there really is no hope of avoiding this at this point. It's been coming for years.
Martin Ent Inc wrote: As the National Inflation Association writes:
"U.S. government deficit spending is now directly leading to U.S. inflation that will destroy the standard of living for all Americans."
So we are royally screwd at this time.
While I do not disagree with the conclusion, I find the National Inflation Association iffiy at best as a source. I clicked on an "about us" link and think it tried to hijack my browser.
Food prices have been increasing at an even faster rate. Granted, bad weather has messed with global supplies this year... but higher food prices aren't just a freak occurrence.
"The bottom line is that food prices are going to get higher," said Jay Armstrong, a Kansas farmer.
According to the International Monetary Fund, "The world may have to adjust to higher food prices."
For instance, if food prices continue to rise over the next few years, based on current price increases, you could be paying $16,000-$24,000 a year for groceries.
This is only an extrapolation, but keep in mind, we haven't even begun to see the worst of this year's food inflation. It takes about 6 months for price hikes to hit you in the supermarket. Plus, most retailers have been holding back this year's price increases from the consumer. This won't last much longer...
Meanwhile, most Americans' salaries aren't increasing nearly that fast. And I know folks on fixed incomes sure as heck aren't making enough new money each year to keep up with these price increases.
It is "100% guaranteed that we're going to have hyperinflation," says noted economist and investment advisor Marc Faber.
Just how high could prices rise?
Well, according to the National Inflation Association (NIA), it'll soon cost $11.43 for one ear of corn, $23.05 for a 24 oz loaf of wheat bread, $62.61 for a 32 oz package of Domino Granulated Sugar, $24.31 for a 32 fl oz container of soy milk, $77.71 for a 11.30 oz container of Folgers Classic Roast Coffee, $45.71 for a 64 fl oz container of Minute Maid Orange Juice, and $15.50 for a Hershey's Milk Chocolate 1.55 oz candy bar.
This might sound absurd... except... it's already happening. Look, in just the last year the price of coffee has more than doubled. Since 2009, sugar prices have jumped as much as 200%.
But, no matter how high prices go or how fast they rise, the government disclaims all responsibility! They continue to say the party line: there's no inflation or inflation remains well contained.
How stupid do they think we are?
Martin Ent Inc wrote: As the National Inflation Association writes:
"U.S. government deficit spending is now directly leading to U.S. inflation that will destroy the standard of living for all Americans."
So we are royally screwd at this time.
While I do not disagree with the conclusion, I find the National Inflation Association iffiy at best as a source. I clicked on an "about us" link and think it tried to hijack my browser.
Yeah, it's really a fringey site. But that doesn't mean they aren't onto something.
Everything is being propped up by government printing dollars now- the stock market, the banks and the financial sectors.
All this does is mask the real affects with a temporary false economy. Extending the limit another 2.5 trillion gets Obama through the election, but the real affects will be worse than it would have otherwise been because of the spending.
BearMtnHIB wrote: Everything is being propped up by government printing dollars now- the stock market, the banks and the financial sectors.
All this does is mask the real affects with a temporary false economy. Extending the limit another 2.5 trillion gets Obama through the election, but the real affects will be worse than it would have otherwise been because of the spending.
The can has been getting kicked down the road for a LONG TIME, since the Reagan years. It's finally getting to the point where we can't just keep it propped up by inflating bubbles or inventing exotic financial instruments, so we're going back to the good old fashioned last-ditch resort of printing money we don't have.
The paradigm people have to dump is that there is some kind of a partisan fix for this. There isn't, not at this point. Way, way, way too late. Personally, I don't see what difference it makes if we kick it down the street a few months or years longer because in the words of G.W. Bush "this sucker's going down". The only thing left to argue over is how fast.
By the way I think a big part of the reason why politics has shaded into psychosis is that deep down, people know that it's going down. Rather than face up to it, most people just dig in their heels and demand even more of the irrational crap that brought us to where we stand now.
cydl wrote: IMHO they're ALL crazy - dems and repubs alike. Not one of them worth their weight in dried, dessicated cow manure. What we need are folks willing to participate in civil discourse and compromise for the overall good. What we have are a bunch of wild-eyed idealogues who'll destroy the nation rather than potentially offend one party-line voter.
And then you have some people who believe there is very little difference between "D" and "R". Wall Street continues to run things, same foreign policy no matter who is in the White House, etc.
I would tend to be one of those. Obama has broken so many campaign promise to his leftist buddies. Bush spent billions expanding Medicare. Dare you to look, Medicare spending went up exponentially.
Abortion is legal in most places.
Gun rights are expanding under Obama even though he had a very anti-gun voting record in the Illinois statehouse.
It is almost like both Dems and Repubs become Stepford wives once they cross the Potomac.
Thomas Sowell: There are no solutions, just trade-offs.
Martin Ent Inc wrote: On one of my gun forums we have been talking about and sharing info on where to stock up on food and such.
Anyone notice food prices look the same but the amounts are getting smaller?
The fed is stealing our food supply. I read an article about it somewhere will have to look for it.
Food prices are going up, they are going up a LOT. I have been tracking prices of simple commodites like bulk flour, sugar, dried beans, cooking oil since Februrary of this year and they have increased by an annualized 35%. That is a devasatating rate. The only reason people haven't really noticed it yet is that most Americans only need to spend a fairly low percentage of their incomes on food, 10-15% in a typical middle class family. But if that rate of inflation continues, or as I think it will, increases, soon middle class families will be choosing between keeping the lights on, driving the car, or eating.
10-15% of budget. Have to agree. It is closer to 50% of income for the poor in India and the Middle East and that is why you are starting to see riots there.
Ever noticed how the press/Feds will spin the inflation rate? If gas and food shoot up in price, the core inflation rate will be mentioned, but since gas prices have been going down, they choose to usual the actual inflation numbers. A negative rate of inflation this month!
In my opinion, there really is no hope of avoiding this at this point. It's been coming for years.
Thomas Sowell: There are no solutions, just trade-offs.
cydl wrote: IMHO they're ALL crazy - dems and repubs alike. Not one of them worth their weight in dried, dessicated cow manure. What we need are folks willing to participate in civil discourse and compromise for the overall good. What we have are a bunch of wild-eyed idealogues who'll destroy the nation rather than potentially offend one party-line voter.
And then you have some people who believe there is very little difference between "D" and "R". Wall Street continues to run things, same foreign policy no matter who is in the White House, etc.
I would tend to be one of those. Obama has broken so many campaign promise to his leftist buddies. Bush spent billions expanding Medicare. Dare you to look, Medicare spending went up exponentially.
Abortion is legal in most places.
Gun rights are expanding under Obama even though he had a very anti-gun voting record in the Illinois statehouse.
It is almost like both Dems and Repubs become Stepford wives once they cross the Potomac.
Like e old Who song- Meet the new boss, same as the old boss. Maybe because we don't get to vote for the real bosses?
