“Were you to look at official government statistics that calculate our rate of price inflation for food, energy, clothing, and other consumer goods, you’d think that prices were as stable today as they were under the gold standard.
According to the Bureau of Labor and Statistics, the CPI (Consumer Price Index) inflation rate remains well below the Federal Reserve’s 2.5% threshold. Insofar as the government is concerned America’s core inflation rate is just 1.7%, a testament to the economic prowess of our central bank and Chairman Ben Bernanke.
And because there is no significant price rise being realized in consumer goods based on the government’s calculations, the millions of Americans dependent on disbursements like social security, disability assistance and nutritional food support will see no adjustments to their monthly stipend. And why would they? Prices aren’t rising!”
Via SHTF Plan
“Reported U.S. food inflation has been a paltry 1.6% over the last 12 months, one of the lowest growth rates in food & beverage CPI since late 2010. However, ConvergEx’s Nick Colas notes that the severe drought in the Midwest over the summer of 2012 will likely drive up food costs this year 3-4% across the board, by the USDA’s estimates. These headline numbers, however, don’t accurately reflect the prices of the real “basket of goods” that we bring to the checkout counter every week at the grocery store. Consequently, Colas warns, the CPI report doesn’t necessarily mirror the increase in our grocery bill. Nor does it take into accountdifferent food choices (e.g. healthy vs. junk food), farm prices, or demographics, all of which the USDA publishes separately. The actual, visible inflation at the checkout counter may lead the American consumer to think – perhaps inaccurately – that overall CPI is rising or falling at a similar pace. For a more detailed, accurate reflection of food CPI, then, we have to aggregate all of these indicators to see how they compare to overall CPI. In short, inflationary expectations may well be set to rise dramatically in 2013: “shopping cart inflation” was upwards of 1.3% last month, almost double the 0.7% overall CPI.”
Via Zero Hedge
“It is no surprise to any of our readers that, to put it lightly, the world is going to hell in a hand basket. Gas prices, temperatures, and natural disasters are all on the rise. The Earth has a pretty clear carrying capacity that everyone in power chooses to ignore for the sake of convenience. Like it or not, we have to be prepared for the consequences of each action that our leaders don’t take.
If there are days when living off the grid seems a troublesome or exhausting task, it is important to remember that in addition to whichever individual factors caused your family to choose this lifestyle, you have chosen the most conscientious and reliable way to live in a future that is so marred by uncertainty. As the stability of crops sinks and prices rise accordingly, it is more important than ever that you are able to depend upon your family and your own efforts to feed, clothe, and power your daily needs.”
“In other words, stocks are being pushed higher because the Federal Reserve is stealing purchasing power from the private sector in order to fuel the growth of government debt.
In February the federal government borrowed $253 billion from the private market directly. That’s nearly $1,000 for every man, woman and child in the US! The money the federal government borrowed last month alone is six times the amount the much maligned sequester will shave off the budget in a year. The media has been whipped into a frenzy over the notion of cutting just a few day’s worth of government borrowing and spending for the year.
We shudder to think of how much better employed that money would have been in the private sector. Instead, it was mostly eaten by bureaucracy and used to fund the violent deaths of occupied peoples. And, of course, that borrowed money also sells unborn generations into debt slavery since they’re the ones who will be paying it off along with the interest.”
Via Activist Post
“Debunking the GMO Talking Points with Ease
#1 GMOs are needed to feed the world.
This is always a future based “goal” never to be obtained any time soon. GMOs have been on the market since 1996. When are they going to feed the world? The answer is never because that’s not what they are intended to do. I’ve heard an estimate of 80% of the GMOs grown in the US is used for force feeding factory farmed animals. USA today reported, “It takes about 15 pounds of feed to make 1 pound of beef, 6 pounds of feed for 1 pound of pork and 5 pounds of feed for 1 pound of chicken”. Do you think we could feed the world with those numbers? “
Via Farm Wars
” Drought and the high cost of feed mean cattle numbers in the United States look like falling below 90 million head for the first time in 60 years.
The US industry is built around producing grain fed cattle through feedlots but high prices and a lack of cattle is slowing the market.
Dr Derrell Peel from Oklahoma State University says the pressure is getting too much for some feedlots.
“I think some of these feedlots that have been under some level of financial stress for a number of years.”
“The stress has grown certainly in the last two to three years and that stress will increase dramatically in the next two years.”
“I do expect to see as a result of that additional closings of some of those feedlots.”"
“September core CPI, ex such trivial, hedonically displacable items as food and energy (remember: when in doubt, just nibble on your obsolete first generation iPad, for which you waited hours in line – cause Bill Dudley said so) rose a tiny 0.1%, on expectations of a 0.2% pick up. Of course, for those lucky few who still get to eat and/or have a job to drive to, inflation rose by 0.6% in September from August, higher than expectations of a 0.5% increase. Luckily, in America the intersection of the Venn Diagrams for those who i) eat and ii) drive is so small it is barely worth mentioning…”
Via Zero Hedge
Producer Price Inflation Higher On Spiking Food And Energy; Those Who Don’t Eat Or Drive See No Price Increase
“In a country in which nobody eats or drives any more, the Fed construct knosn as September core PPI came in 0.0%, on expectations of a 0.2% increase. Of course, for those lucky few who still eat, or drive, or in rare cases eat and drive, saw Producer Prices rise by 1.1% on expectations of a 0.8% increase, which despite dropping from August’s 1.7%, this was still the second highest monthly increase in the past year. Also, for those few who actually care about such trivia as food and energy prices, this was the 4th month in a row of higher than expected headline PPI. Luckily, in America, eating has now been hedonically adjusted to the functional equivalent of playing Apple’s bestselling $0.99 iFood app.”
Via Zero Hedge
“According to a group of researchers, their mathematical model using food prices can predict social unrest and riots. Given the drought and rampant speculation, this may bode ill for several regions in the world. Food prices have been rising for quite some time, and aren’t showing any sign of slowing.
People raise their voices and go to arms for reasons too complicated to address here altogether, but it would be folly to leave hunger out of the equation. The spark may be an anti-Islam film or an incident of police brutality, but Yaneer Bar-Yam of the New England Complex Systems Institute in Cambridge, Massachusetts says that it’s high food prices that create “the range of conditions in which the tiniest spark can lead to riots.” “
Via Activist Post
“Make no mistake – the economic situation in a number of European nations is deteriorating rapidly, so much so that basic survival has become an issue for more and more people.
Consider Spain, whose government will have to borrow €207 billion (about $334.6 billion) next year just to survive (widening the country’s debt to more than 90 percent of its annual gross domestic product – the sum of all its revenues), many people are turning to dumpsters and garbage to feed themselves.
“On a recent evening, a hip-looking young woman was sorting through a stack of crates outside a fruit and vegetable store here in the working-class neighborhood of Vallecas as it shut down for the night,” says The New York Times in a story last week. “At first glance, she looked as if she might be a store employee. But no. The young woman was looking through the day’s trash for her next meal.”
The woman had scored about 12 or so “aging potatoes” that she deemed good enough to eat and put them on a nearby luggage cart.
“When you don’t have enough money, this is what there is,” she said, declining to give her name to the paper but justifying her “dumpster diving.”"
Via Natural News