H/t reader squodgy:
“AGENDA 21 by inflation and food supply”
GLOBAL FOOD CR?S?S Special Report World Food Crisis “2015”
Mar 13, 2015
Global Food Prices RISE. Prepare for Hyperinflation and Riots!
Jun 10, 2014
Inflation
‘Surviving Or Thriving’ – What Canada’s 40% Surge In Meat Prices Means For Ordinary People (Video)
Full CBC documentary:
– “Surviving Or Thriving” – What Canada’s 40% Surge In Meat Prices Means For Ordinary People (ZeroHedge, April 19, 2015):
On the surface, Canada’s 1.2% inflation is negligible, and barely enough to keep up with the pace of overall growth as mandated by a few central bank academics. It is below the surface, however, that one finds the scary truth. Because when stripping away the sliding energy prices (which at the recent pace of short covering among oil speculators are about to surge) some scary numbers emerge, such as a 3.8% monthly jump in food prices, primarily as a result of a whopping 30-40% increase in select meat prices in the last 8 months.
How do ordinary people – which excludes those who work in central banks and have taxpayers fund their everyday purchases, which allows them to fully ignore soaring food and rent costs – survive in an environment of soaring food prices?
As the following brief documentary by CBC’s The National reveals, food inflation means people have no choice but to eat “far less beef” than they used to, “or chicken.” Others are ok with the runaway food inflation: “it doesn’t matter to me, I buy the meat at the price it is and that’s fine with me” say a gentleman who likely works for a hedge fund and BTFD for a living.
Ukraine’s Annual Inflation Sees Surprise Rise At 45.8%
– Ukraine’s annual inflation sees surprise rise at 45.8% (PressTV, April 6, 2015):
Official data show the annual inflation rate in crisis-hit Ukraine has jumped to 45.8 percent.
The increase follows a steep acceleration of 10.8 percent in March, according to the country’s statistics office.
The eastern European nation, which had been the scene of a year of deadly clashes between its army and pro-Russia forces in the east, had a month-on-month inflation of 5.3 percent in February and 3.1 percent in January 2015.
Read moreUkraine’s Annual Inflation Sees Surprise Rise At 45.8%
America’s Poor Spend 60% Of Their Income On Food & Housing Proving CPI Is Meaningless
– America’s Poor Spend 60% Of Their Income On Food & Housing Proving CPI Is Meaningless (ZeroHedge, April 6, 2015):
Governments and the mainstream media are fond of reporting inflation figures that strip out things no one ever uses like food and energy. As anyone who follows these things knows, leaving out “volatile” categories that track meaningless price movements in the things people eat and the commodities humans burn to sustain themselves is key when it comes to accurately tracking inflation which is why we can’t exactly sympathize with the following, that seems to indicate that even though everyone with a PhD in economics knows that endless money printing does not lead to inflation, people who aren’t rich are somehow managing to spend a greater percentage of their income on food and housing.
Here’s more from WSJ:
Read moreAmerica’s Poor Spend 60% Of Their Income On Food & Housing Proving CPI Is Meaningless
The Price Of Ground Beef Has DOUBLED Since The Last Financial Crisis
– The Price Of Ground Beef Has DOUBLED Since The Last Financial Crisis (Economic Collapse, March 25, 2015):
Since the depths of the last recession, the price of ground beef in the United States has doubled. Has your paycheck doubled since then? Even though the Federal Reserve insists that we are in a “low inflation” environment, the government’s own numbers show that the price of ground beef has been on an unprecedented run over the past six years. In early 2009, the average price of a pound of ground beef was hovering near 2 dollars. In February, it hit a brand new all-time record high of $4.238 per pound. Even just 12 months ago, the price of ground beef was sitting at $3.555 per pound. So we are talking about a huge increase. And this hits American families where they really live. Each year, the average American consumes approximately 270 pounds of meat. The only nation in the world that eats more meat than we do is Luxembourg. If the paychecks of American workers were going up fast enough to deal with this increase, it wouldn’t be that big of a deal. But of course that is not happening. In an article just last week, I showed that real median household income is a couple thousand dollars lower now than it was during the depths of the last recession. The middle class is being squeezed, and we are rapidly getting to the point where burgers are going to be considered a “luxury” item.
Read moreThe Price Of Ground Beef Has DOUBLED Since The Last Financial Crisis
Alan Greenspan Warns Of Explosive Inflation: ‘Tinderbox Looking For A Spark’ – The Collapse Of The Dollar, An Inevitability
– Alan Greenspan Warns Of Explosive Inflation: “Tinderbox Looking For A Spark” (SHFTplan, March 8, 2015):
Last month it was revealed that former federal reserve Chairman Alan Greenspan, the architect of U.S. monetary policy under four Presidents, is anticipating a significant market event as a result of the trillions of dollars that have been pumped into the system over the last several years. According to Greenspan, something big is coming.
His comments were shared by well known resource analyst Brien Lundin, who joined Greenspan for private discussions at last year’s New Orleans Investment Conference. In his latest interview Lundin further clarifies Greenspan’s private thoughts on current economic and monetary policy and sheds light on the former Fed Chairman’s suggestion that ‘something big is coming.‘
Greenspan made some good points to me… He was concerned about inflation… He was specifically concerned in relation to the outstanding, or excess, reserves which are close to three trillion dollars being held on the Fed balance sheet now… That money is just hanging over the U.S. economy like a big water balloon of liquidity and it’s just searching for a pin.
In fact, Greenspan referred to it as a tinderbox of explosive inflation looking for a spark.
Watch the full insider interview:
Who Is Telling The Inflation Truth? The Government Or Mickey Mouse
– Who Is Telling The Inflation Truth? The Government Or Mickey Mouse (ZeroHedge, Feb 24, 2015):
Beginning at the time of Disney World’s grand opening in 1971 when Magic Kingdom tickets cost only $3.50, Magic Kingdom ticket prices have increased at a compound annual growth rate of 8.04% – nearly double the U.S. CPI’s compound annual growth rate of 4.13%. The U.S. CPI no longer accounts for the cost of maintaining the same standard of living in America. The Magic Kingdom Price Inflation Rate provides a much more accurate view of real U.S. price inflation.
…
Mario Draghi: Charlatan Of The Apparatchiks – ‘So Now Begins The Greatest Heist Since Bernanke Bailed Out Wall Street In September 2008’
– Mario Draghi: Charlatan Of The Apparatchiks (David Stockman’s Contra Corner, Jan 22, 2015):
Well, he finally launched “whatever it takes” and that marks an inflection point. Mario Draghi has just proved that the servile apparatchiks who run the world’s major central banks will stop at nothing to appease the truculent gamblers they have unleashed in the casino. And that means there will eventually be a monumental crash landing because the bubble beneficiaries are now commanding the bubble makers.
There is not one rational reason why the ECB should be purchasing $1.24 trillion of existing sovereign bonds and other debt securities during the next 18 months. Forget all the ritual incantation emanating from the central bankers about fighting deflation and stimulating growth. The ECB has launched into a massive bond buying campaign for the sole purpose of redeeming Mario Draghi’s utterly foolish promise to make speculators stupendously rich by the simple act of buying now (and on huge repo leverage, too) what he guaranteed the ECB would be buying latter.
So today’s program amounts to a giant bailout in the form of a big fat central bank “bid” designed to prop up prices in the immense parking lot of French, Italian, Spanish, Portuguese etc. debt that has been accumulated by hedge funds, prop traders and other rank speculators since mid-2012. Never before have so few—-perhaps several thousand banks and funds—-been pleasured with so many hundreds of billions of ill-gotten gain. Robin Hood is spinning madly in his grave.
There Is No Inflation … Unless You Eat Food, Use Water, Live In A House, Get Sick, Travel, Go To School, Or Do Taxes
And it will get worse, before it gets much worse.
– NO INFLATION UNLESS YOU EAT FOOD, USE WATER, LIVE IN A HOUSE OR APARTMENT, HEAT YOUR HOME, GET SICK, TRAVEL, PAY CAR INSURANCE, GO TO SCHOOL, MAIL LETTERS, OR DO YOUR TAXES (The Burning Platform, Jan 16, 2017):
Government data reports are so funny. The blaring headlines today tells us that prices dropped in December. We are all saving billions from the drop in oil and gas. Hallelujah!!!
The corporate MSM never digs into the numbers to get the real truth. These reports and their distribution to the sheep are designed to keep you sedated and calm. Facts are not necessary. How this data pertains to your everyday life is not important to the .1% who control the flow of information.
Here is a link to the detailed inflation numbers by category. We already know they massage these numbers to achieve a happy ending, but even the massaged numbers tell an entirely different story than the one peddled to the masses by the government and corporate media.
http://www.bls.gov/news.release/cpi.t07.htm
Below are the annual price increases for items that might impact your life on a daily basis:
Can’t Find Any Inflation? Here’s A Place To Start
– Can’t Find Any Inflation? Here’s A Place To Start (ZeroHedge, Oct 27, 2014):
Lately, there has been much anguished consternation, especially among the tenured US economics professors (primarily those who make 6-digits or more per year) and of course, the Federal Reserve where as we revealed last week, at least 113 government workers make $250,000 (excluding bonuses) and thus all are confined within the cozy cocoon of America’s “1%ers”, about the so-called complete disappearance and collapse in inflation. So to help these ivory tower-confined individuals in their holy grail to rediscover the inflation that is more than felt by the rest of America, here are two simple charts.
The Monetized New Millennium
– The Monetized New Millennium (StealthFlation, Oct 4, 2014):
…
New Monetized Millennium Facts Jack:
- US real median family income has declined to the level of twenty years ago.
- Labor participation rate has dropped to a 36 year low.
- Total U.S. household debt, currently over $10 trillion, nearly tripled during the new millennium.
- U.S. debt to GDP ratio up over 100% since we entered the new monetized millennium.
- Anemic to flat-line average Real GDP growth throughout the new monetized millennium.
- As for the new millennium inflation results, take a peak at the chart below, it will blow your mind.
Kudos To Bundesbank President Jens Weidmann For Uttering Three Truths In One Speech
– Kudos To Herr Weidmann For Uttering Three Truths In One Speech (David Stockman’s Contra Corner, Oct 17, 2014):
Once in a blue moon officials commit truth in public, but the intrepid leader of Germany’s central bank has delivered a speech which let’s loose of three of them in a single go. Speaking at a conference in Riga, Latvia, Jens Weidmann put the kibosh on QE, low-flation and central bank interference in pricing of risky assets.
These days the Keynesian chorus in favor of policy activism is so boisterous that a succinct statement to the contrary rarely gets through – especially at Rupert Murdoch’s Wall Street yarn factory. But here’s what penetrated even Brian Blackstone’s filters:
“The biggest bottleneck for growth in the euro area is not monetary policy, nor is it the lack of fiscal stimulus: it is the structural barriers that impede competition, innovation and productivity,” he said.
Read moreKudos To Bundesbank President Jens Weidmann For Uttering Three Truths In One Speech
Clearly Europe Has A Crushing Deflation Problem… Oh Wait … It Says Rising Prices/Inflation
– Clearly Europe Has A Crushing Deflation Problem… Oh Wait (ZeroHedge, Oct 4, 2014):
When Mario Draghi set off on his latest quest to slay Europe’s deflation monster, after an endless array of failed alphabet soup programs to inject money into stock markets mysteriously failed to fix Europe’s insolvent economy riddled by record unemployment and trillions in non-performing loans, he clearly was guided by this latest Eurobarometer survey of Public Opinion in the European Union, in which virtually everyone across the board admitted that the most important issue facing the common folk in Europe is plunging prices and crushing deflation.
Oh wait… it says rising prices/inflation.
Well, that’s embarrassing. Please ignore everything we just said, because paradoxically to “fix” Europe, Mario Draghi is desperately trying to make Europe’s biggest problem even worse. Or not: surely this is just a case when the 6 members of the ECB’s executive board “know better” than some 330 million Europeans.
Read moreClearly Europe Has A Crushing Deflation Problem… Oh Wait … It Says Rising Prices/Inflation
The Price Of Milk Just Hit An All-Time High
– Got (Record-High-Priced) Milk? (ZeroHedge, Sep 17, 2014):
Hot on the heels of yesterday’s low PPI and this morning’s falling CPI, we thought it worth noting (given The Fed’s pre-occupation that inflation is running too low) that the price of milk – that staple of the American diet – just hit an all-time high. Nope, no inflation here…
The New Misery Index: Misery Index 2.0 Strips Away The Phony Facade Of Bogus Unemployment And Inflation Numbers
– The New Misery Index (Of Two Minds, Aug 25, 2014):
The Status Quo is desperate to mask the declining fortunes of those who earn income from work, and the Misery Index 2.0 strips away the phony facade of bogus unemployment and inflation numbers.
The classic Misery Index is the sum of unemployment and inflation, though later variations have added interest rates and the relative shortfall or surplus of GDP growth.Since the Status Quo figured out how to game unemployment and inflation to the point that these metrics are meaningless except as a meta-measure of centralized perception management, the Misery Index has lost its meaning as well.I propose a Misery Index 2.0 of four less easily manipulated (and therefore more meaningful) metrics:
Food Inflation Watch: California Farmers’ Water Costs Surge 700% After Government Cuts Supply
– Food Inflation Watch: California Farmers’ Water Costs Surge 700% After Government Cuts Supply (ZeroHedge, July 24, 2014):
When we reported on the government’s decisiosn to withhold irrigation water to California for the first time in 54 years, we warned there would be consequences: farmers are hit hardest as “they’re all on pins and needles trying to figure out how they’re going to get through this.” Fields will go unplanted (supply lower mean food prices higher), or farmers will pay top dollar for water that’s on the market (and those costs can only be passed on via higher food prices). Sure enough, as Bloomberg reports, farmers in California’s Central Valley, the world’s most productive agricultural region, are paying as much as 10 times more for water than they did before the state’s record drought cut supply.
As Bloomberg Briefs’ Alison Vekshin reports,
Japanese Inflation Holds Near 23 Year Highs As Food, Energy, & TV Costs Soar
Quantitative easing at work.
– Japanese Inflation Holds Near 23 Year Highs As Food, Energy, & TV Costs Soar (ZeroHedge, July 24, 2014):
Japanese CPI printed 3.6% in June, modestly down from May’s 3.7% YoY, but hotter than the expected 3.5% YoY analysts predicted. If you don’t eat food or use energy then inflation merely bit 2.3% of your income this year but if you did then you may have noticed that energy costs are 9.1% higher YoY, TVs +8.0%, and Food +4.1% (both showing no signs of making Japan’s Misery Index any less, well, miserable). PPI also printed at 3.6% (23 year highs). So when the Japanese politicians say “Abenomics is well on its way to achieving its goals…” they must mean ‘of lowering living standards for all Japanese people’.
Charts: Bloomberg
Despite Being Dismissed As ‘Noise’, Inflation Is Here … And It’s Rising
– Where The Real Inflation Is (ZeroHedge, July 18, 2014):
Despite being dismissed as “noise”, inflation is here and it’s rising. As the following chart shows, if you eat, drive, use electricity, or live in a house, you are paying dramatically more this year than you did last year. On the bright side, if you wear clothes or use electronics, prices have dropped (but remember deflation is bad…). How much longer can the Fed pull the wool over the eyes of the people?
Chart: Goldman Sachs
If This Keeps Up, They Will Have To Start Putting Armed Guards On Food Trucks
– If This Keeps Up, They Will Have To Start Putting Armed Guards On Food Trucks (Economic Collapse, July 16, 2014):
The basic necessities in life just keep getting more expensive. On Tuesday, Hershey announced that the price of all of their chocolate bars is going to go up by about 8 percent. That is particularly distressing to me, because I am known to love chocolate. But if it was just chocolate that was becoming significantly more expensive perhaps that would be okay. Last month, it was coffee. J.M. Smucker, one of the largest coffee producers in the United States, announced that it planned to raise coffee prices by about 9 percent. And Starbucks has announced a bunch of price increases across the board on their coffee products. Of course we could all survive without chocolate and coffee, but as you will see below just about every food category is becoming more expensive. If this keeps up, could we eventually see armed guards in grocery stores and on food trucks?
Read moreIf This Keeps Up, They Will Have To Start Putting Armed Guards On Food Trucks
Foodflation – Since QE3, Breakfast Is Up Over 24%
– Foodflation – Since QE3, Breakfast Is Up Over 24% (ZeroHedge, July 6, 2014):
Having pointed out the ‘surges’ in the cost of your 4th of July burger at the behest of Greenspan and Bernanke, we thought a reflection on the soaring costs of ‘the most important meal of the day’ were in order. As the following chart illustrates in words and pictures even a PhD Fed economist or CNBC pretend-economist could understand – food-flation is here from breakfast through dinner (no matter how many iPads we try and eat).
U.S. Food Prices Rising 367% Faster Than Inflation; Chemical Agriculture Headed For Catastrophic Failure
200 years ago our farmland had 50 cm of topsoil, now there are only 15 cm left.
And we are are losing about every 16 years another 2,5 cm.
The Hunzas needed to try our soil killing fertilizer only once to figure out that the promises they’ve been given about our chemical fertilizers were BS and that chemical fertilizers are in fact harmful for the soil.
(As a side note the Hunzas do NOT know hypertension, cancer arthritis, diabetes, tuberculosis, asthma, karies, presbyopia etc.)
We will have to (re-)learn to grow our food biologically or there will be no food at all.
Soil erosion also played probably an important role in the decline and collapse of the Egyptian and Greek empires.
– U.S. food prices rising 367% faster than inflation; chemical agriculture headed for catastrophic failure (Natural News, June 17, 2014):
Food prices are now skyrocketing across the USA, says the Bureau of Labor Statistics (BLS). Their most recent report (1) reveals that prices of meat, poultry, fish and eggs leaped 7.7 percent over the last year. That’s nearly 367% higher than the official 2.1% inflation rate claimed by the federal government. (2)
Prices on these food items have risen 664% in the last five decades, according to the BLS, but much of the price acceleration has happened in just the last few years… and there’s no end in sight.
Inflation? Only If You Look At Food, Water, Gas, Electricity And Everything Else
Quantitative easing = printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!
“When a country embarks on deficit financing (Obamanomics) and inflationism (Quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”
– Ron Paul
– Inflation? Only If You Look At Food, Water, Gas, Electricity And Everything Else (Economic Collapse, June 19, 2014):
Have you noticed that prices are going up rapidly? If so, you are certainly not alone. But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be. Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine. But of course the way that the inflation rate is calculated has been changed more than 20 times since the 1970s, and at this point it bears so little relation to reality that it is essentially meaningless. Anyone that has to regularly pay for food, water, gas, electricity or anything else knows that inflation is too high. In fact, if inflation was calculated the same way that it was back in 1980, the inflation rate would be close to 10 percent right now.
But you would never know that listening to Federal Reserve chair Janet Yellen. In the video posted below, you can listen to her telling the media that there is absolutely nothing to be concerned about…
And it is really hard to get too upset with Janet Yellen.
Read moreInflation? Only If You Look At Food, Water, Gas, Electricity And Everything Else
U.S. Food Inflation Now Running At 22% And Rising
– U.S. Food Inflation Running at 22% (Breitbart, May 26, 2014):
After five years of the federal government telling the public that despite a $3.5 trillion increase in monetary expansion, the inflation rate is below +2%, the Department of Agriculture (DOA) just warned the American public that the consumer price index for food is up by 10% this year.
The DOA tried to blame food inflation on the drought conditions in California, but last year’s drought was worse and food prices fell by -6%. The real problem is Federal Reserve monetary stimulus is stimulating inflation. I reported in “Food Price Inflation Scares the Fed” two months ago that commodity food costs were exploding on the upside. Given the lag in commodity costs impacting prices on grocery store shelves, annual U.S. food inflation is now running at +22% and rising.
Still Think the Fed Isn’t Fueling Inflation? Check Out This Chart
– Still Think the Fed Isn’t Fueling Inflation? Check Out This Chart (Washington’s Blog, May 30, 2014)