I wonder if Janet Yellen’s chef has noticed the increase in meat prices. I wonder if Janet Yellen’s chauffeur has noticed the increase in gas prices. I wonder if the Federal Reserve HR department has noticed the increase in Janet Yellen’s health insurance premiums. It must cost a bundle to control that bug eye deer in headlight problem. The BLS seems to have run out of adjustments to misinform and mislead the American sheeple about the cost of stuff they actually need to live an every day existence. The Ivy League trained mouthpieces for the establishment can blather on about money supply and velocity of money and whatever other bullshit academic crapola they want to spew out of their lying mouths, but real people in the real world go to real grocery stores and buy real groceries every damn week.
The BLS calculation of food inflation is thus: If the price of beef goes up 10%, you switch to pork and the price increase didn’t happen. If the price of pork goes up 10%, you switch to chicken and the price increase didn’t happen. If the price of chicken goes up by 10%, you switch to gizzards, assholes and beaks. When the price of gizzards, assholes and beaks goes up 10%, you finally switch to cat food and puppy chow. See – no inflation.
Senior citizens have been thrown under the bus by Bernanke and Yellen, as their only concern since 2009 has been to save their Wall Street bank owners through QE. Seniors who might have been living off their meager SS distribution and $5,000 to $10,000 of interest income on their retirement money now get $200 per year of interest on their retirement money. Meanwhile, the price of gasoline has tripled since 2009 and the price of food, utilities and insurance has skyrocketed. Cat food is whats for dinner tonight for senior citizens across the land.
And just a reminder: the last time food prices spiked like this a Tunisian set himself on fire and the Arab Spring was unleashed. Food represents 80% of third world poor budgets.
Meat Prices Surge Most In 11 Years
Submitted by Tyler Durden on 05/15/2014 12:04 -0400
Hardly surprising given the surge in beef and pork that we have been noting, but according to the latest inflation data from the BLS, meat prices spike by almost 3% in April – the most since November 2003 (this is also the 2nd biggest price spike in 34 years!) As we noted previously, this soaring food price inflation is not about to stop anytime soon…
And just the monthly change: No hedonic meat adjustments here.
The Fed ‘meme’ that low-flation is as dangerous as high-flation (thus providing them an excuse to keep priming the pump) is about to run into a problem as the hedonic manipulation of government-provided inflation data runs into the ugly reality of things that we need actually soaring in price…
“you switch to gizzards, assholes and beaks”
And don’t forget testicles and vaginas. It’s what’s for dinner.
The drought on the West coast is getting worse. If it spreads to the Mid West, crop production will get clipped.
[img
[/img]
I can just feel something on peoples minds these days, there’s something clicking in folks heads – it takes next to nothing to get them talking about costs of living, etc. Its like I’m watching them wrestle with the truth, but they don’t want to acknowledge it – but I swear I can feel it in the people all around me, more and more. I’m wondering if any of you sense it too, where you live…?
I posted a graph like this several years ago – the relationship between food and riots.
[img
[/img]
Egypt is only 2 meals away from anarchy. The US is probably 72 hours, given what has happened in Katrina and Superstorm Sandy.
Tick Tock.
Bacon is $7-$8/pound where I live, and its o.k. quality – milk is $4/gallon, gas is $3.55 – we’re fucked. I see people and the shopping carts with hardly anything in them, I’m waiting for the grocery stores to replace the carts with smaller ones – I wouldn’t put it past ’em. I asked the checkout lady and she told me the old people are doing the most shoplifting, she said it wasn’t even close to any other groups…..meanwhile the FSA just loads ’em up and waddles out.
I wonder how long before you have to worry about getting robbed loading your groceries into your car – I’ll bet the response times are much less than if the store were stolen from…..just like how stealing from an insurance company is a felony but stealing from a small firm/store is just petty shit – not the same, take a report and file it, next.
I think I’m going to plant a garden and go vegan, after I eat our four cats.
If you don’t have a way to raise some animals at home, you could ask around at farmers markets to do a cow share. keeping chickens for meat and eggs you probably get the most food value for your money. I’m lucky enough to have a few cows, chickens, and some goats for dairy. The price of feed keeps creeping up in spite of having the largest bumper crop on record in my area.
I live in extremely cold area with increasingly lengthy winters. My pasture just barely started to grow.
I depend on electricty to keep the animals water thawed and a heat lamp for the chickens.
Power is going up another 58% next month, and of course gasoline never gets cheaper.
People don’t want to pay me what it costs to raise the animals when they can buy substandard food from walmart cheaper. I farm on a small enough scale to provide for my family. Right now I’m not getting ahead, just hoping it’s a insurance policy for later.
I didn’t grow up on a farm, there is soooo much to learn.
I have learned that farmers are generally not honest. I’ve met a lot of crooks, liars and straight out thieves. If you have any way to produce your own food now is the time, and chickens are a great starting place
Cat food is not that bad .I take my cat with me when I go to jobs sites and I have taken a few bites with him from time to time .Try it .I promise it wont kill you.
@Tommy,
These days when I go shopping, I carry a purse as a decoy.
All the valuables are on my person.
Someone wants my purse? Have at it! lol
100% of California now in ‘severe’ drought or worse
[img
[/img]
Severe drought conditions now engulf 100% of California, according to a National Drought Mitigation Center report on Thursday.
Last week, only 96% of California was considered to be under “severe” or worse drought conditions, with about 4% of the southeastern tip of the state still in “moderate” drought conditions. A year ago, only 46% of the state suffered from “severe” or worse conditions.
The worst drought conditions are focused in 25% of the state that stretches from the San Francisco Bay Area in the north to Ventura County in the south and well east into California’s Central Valley, which accounts for 8% of U.S. agricultural output by value.
More than a third of the country’s vegetables and nearly two-thirds of the country’s fruits and nuts are grown in California, according to the U.S. Department of Agriculture. California also grows 82% of the world’s almonds.
Back when California Gov. Jerry Brown declared a drought state of emergency in January, just under 90% of the state faced “severe” or worse drought conditions.
[img]http://market-ticker.org/akcs-www?get_gallerynr=5005[/img]
No problem trying to eat things that won’t give you die-a-beetyou, right? Possible exception? Chicken. Hope you like it (a lot) — but don’t count eggs, as they’re up 9.3% over the last year.
Citrus? Up 21% annuallized, with most of it in oranges. Welcome to Scurvyville.
There are some other big ones in here too. Natural gas up 11.8% annualized, which is a kick in the balls to anyone who uses it for heat. But fracking was going to save the world!
Deflation continues (big) in TVs. But deflation is bad, right? smiley
And don’t worry about hospital services. Obamacare fixed heath care, remember? That’s why hospital services are up more than three times the rate of general inflation over the last 12 months, running 6.8% annualized. Can we shove that garbage in the trash can yet; it’s stinking up the joint pretty bad….
Karl Denninger
Tommy/others – you do not know what fucked is. You want to see the future, go talk to some Europeans. Gas pushes ten dollars a gallon. Costs of food and energy is out of sight. Rents are sky high.
That is the future.
And what makes it even better is that DESPITE that shit, those dumb fucks are so brainwashed they believe in voting for an ever bigger welfare state, not knowing or understanding that that is what fucked them in the first place. The dumb fuck Americans will be begging for that lifestyle before it is over – please sir,can I have another helping of welfare state with a bit more tax sprinkled on top, and don’t spare the inflation.
Seriously, you are not yet fucked. It is only foreplay at the moment. The real fucking is not far away, tho. Clinton will be the one that flips you over.
Americans really do not get it – they are so insulated they only see their tiny little village, when all they have to do is open their eyes to see how bad it is going to get.
Our history textbooks told of an elderly woman in the 30’s picking through maggot covered meat, looking for the least offensive pieces, she had to remove her glasses.
I now have nearly ten cactus plants growing in the front yard. I have reduced the lawn to one third the space. My mom says her mom told of city folks going into the country-side looking for cactus to eat. She said ranchers would cut down the older leafs and burned off the spikes so they could feed the animals; horses, cattle or goats.
Rosanne Barr said that after 40, rather than sex, what folks want is a good bowel movement. I tell the sexy mulatta that eating the roasted cactus leaf has plenty of fiber and the natural mucin in the leaf is a great laxative. She loves to season almost everything with lime and that makes the cactus quite palatable.
I have an orange tree, lemon tree and grapefruit tree so I’m Vitamin C rich. Got some cactus too. I also just saw an ad for cremations for $525. That’ll cut my cost of living and dying.
Northern California is weathering the drought so so, as we had a few good rains and our ground water is in fairly good shape. I have had to irriigate our almonds twice so far, but in the Central Valley around Fresno, things are very bad for the orchards. Each almond uses one gallon of water to become mature, and California produces around 90% of the almonds world wide.
Our orchard is 40+ years old, so I don’t lay awake nights worry about the nuts. I am more interested in making it a family farm, than a one item crop, so most likely we will have lots of almond fire wood in the near future.