Tag: food inflation

CHECK YOUR FOOD EATING PRIVILEGE WHITE PEOPLE

How dare you white people notice that food costs are devouring your monthly budget, reaching the highest level in 30 years. Don’t you know there are millions of fine new arrival people who require housing at 5 star hotels, $10,000 debit cards, and SNAP benefits for eternity as the price to pay to live in an uncivilized techno-gulag we call Amerika?

So running $2 trillion annual deficits have created a slight 40% uptick in food inflation. Don’t you realize there are wars to be funded in Ukraine and Gaza? Aren’t you patriotic? You gotta break a few expensive eggs to make a neo-con Deep State omelet. I here the price of cockroaches and crickets is still reasonable.

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Food in the Time of Covid

Guest Post by Demeter

Friday the thirteenth. According to this morning’s headlines, the US annual inflation rate is only 6.5%. The “core” inflation rate (excluding the volatile food and energy sectors) is 5.7%.

Meanwhile, in the real world, the price of organic apple juice at the local Walmart was $2.29 for a half gallon until a couple of months ago. Now it’s $3.27 for that same half gallon. That’s an increase of 43%.

On January 14, 2022 I bought a 25 pound bag of California grown organic brown basmati rice for $68.09. Today that same bag of rice sells for $90.53. That’s an increase of 33%. Fortunately, a long grain organic brown rice grown in Missouri is available for less. At least until they divert the Mississippi River to California.

As prices have gone up, quality has gone down.

Continue reading “Food in the Time of Covid”

Can the Federal Reserve Stop the Looming American Famine?

Via Birch Gold Group

Can the Federal Reserve Stop the Looming American Famine?

This story begins in February 2020. COVID-19 swept through the U.S., and a media-generated panic set in, which sent shockwaves through the markets. Store shelves emptied, and millions of Americans locked themselves in their homes. Economic activity ground to a halt.

In response, the Federal Reserve went on a money printing binge, reflected in the official chart below:

Of course, you can’t just keep printing money like the Fed did without repercussions. We started seeing the consequences of this unprecedented tsunami of dollars early in 2021. An increased supply of dollars competing for a diminished supply of things for sale, predictably, led to a rise in costs. In other words, price inflation. Continue reading “Can the Federal Reserve Stop the Looming American Famine?”

WHY GLOBALISM IS A BAD IDEA

Submitted by Hardscrabble Farmer

The idea that a centrally controlled system is advantageous is ludicrous in the extreme. Read the following passage as an example of why you should never place all of your eggs in one basket-

“Bloomberg Economics created a list of the countries most exposed to the fallout from the Ukraine conflict. Turkey, Egypt, Vietnam, the Philippines, and Poland are ranked some of the highest at-risk.”

The very idea that the turmoil of a Eurasian country should somehow have a negative impact on countries as diverse as the list above is ridiculous.

Resiliency, self-sufficiency and independence offer the greatest insulation against most exigencies. Building a system so tightly interdependent that entire blocks of far flung countries should suffer because of situations they have no control or influence over is either moronic or deliberate.

Are Soaring Food Inflation And Rolling Blackouts The Start Of Next Emerging Market Meltdown?

Via ZeroHedge

A combination of shocks is rippling through emerging market economies and has sparked soaring food and energy inflation, power blackouts, and social unrest. Countries with the weakest balance sheets and high debt loads appear to be sliding first into turmoil. This could be the beginning innings of an emerging market crisis last seen in the 1990s when socio-economic distress toppled governments, according to Bloomberg.

Continue reading “WHY GLOBALISM IS A BAD IDEA”

Here’s Why Rising Food Prices Are Here To Stay

Via Sovereign Man

On the morning of October 5, 1789, dozens of women were looking for food at an outdoor market in the Faubourg Saint-Antoine neighborhood of Paris.

But the store shelves were nearly empty. Bread in particular– a staple of the French diet– was in critically short supply. And what little bread the shops did have available was being sold for sky-high prices.

This was nothing new for French peasants; the government had mismanaged the economy so poorly that food supplies had been falling (and bread prices rising) for several years.

There had even been food riots and protests going back more than a decade to the mid 1770s. But the situation only worsened.

People finally reached their breaking point that October morning in 1789, when a single young woman standing in corner of the marketplace began beating a drum, signaling the other women that it was time for another protest.

Continue reading “Here’s Why Rising Food Prices Are Here To Stay”

DO YOU EAT FOOD?

Submitted by Hardscrabble Farmer

Via Starvation News

Tyson Foods announces 30%+ price hike for beef and pork as food inflation explodes

Tyson, the largest meat producer in the United States, is about to increase prices for chicken, beef and pork. For over a year, the company refrained from raising their prices, even as inflation put pressure on their quarterly earnings. Now the company has no choice but increase their prices by between 19-38 percent.

Inflation has risen to its highest level in thirty-one years, as America faces historic incompetence in the Congress and the White House. Instead of sticking to a budget and adhering to responsible economic policies, the U.S. Congress passed a $1 trillion spending bill, insulting American taxpayers and common sense. Joe Biden signed the spending extravaganza with glee, claiming that additional government spending will help the current economic situation.

Continue reading “DO YOU EAT FOOD?”

What Will You Do When Inflation Forces US Households To Spend 40% Of Their Incomes On Food?

Authored by Michael Snyder via The Economic Collapse blog,

Did you know that the price of corn has risen 142 percent in the last 12 months?  Of course corn is used in hundreds of different products we buy at the grocery store, and so everyone is going to feel the pain of this price increase.  But it isn’t just the price of corn that is going crazy.  We are seeing food prices shoot up dramatically all across the industry, and experts are warning that this is just the very beginning.  So if you think that food prices are bad now, just wait, because they are going to get a whole lot worse.

Typically, Americans spend approximately 10 percent of their disposable personal incomes on food.  The following comes directly from the USDA website…

In 2019, Americans spent an average of 9.5 percent of their disposable personal incomes on food—divided between food at home (4.9 percent) and food away from home (4.6 percent). Between 1960 and 1998, the average share of disposable personal income spent on total food by Americans, on average, fell from 17.0 to 10.1 percent, driven by a declining share of income spent on food at home.

Needless to say, the poorest Americans spend more of their incomes on food than the richest Americans.

Continue reading “What Will You Do When Inflation Forces US Households To Spend 40% Of Their Incomes On Food?”

This Potentially Catastrophic Inflation Surge Slipped Under the Radar (Until Now)

From Birch Gold Group

Why the food inflation spike matters

You’ve read about housing market bubbles, stock bubbles, and even credit bubbles. But the next bubble you’re about to discover could be even more dangerous, and may have even more far-reaching consequences.

It’s called a food price bubble, and it’s been inflating under our noses since March 2020. You can also see the dangerous trajectory it’s on compared to three previous years in the FAO chart.

FAO Food Price Index hits a three-year high in 2020, following additional gains in December

The FAO Food Price Index (FFPI) averaged 107.5 points in December 2020, up 2.3 points (2.2 percent) from November, marking the seventh month of consecutive increase.

 

The official January 7, 2021 release from the Food and Agriculture Organization explains the chart above in more detail.

Continue reading “This Potentially Catastrophic Inflation Surge Slipped Under the Radar (Until Now)”