UN Reports April Food Prices Climb Again, Hit Second Highest Ever

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Thu, 05/05/2011 - 10:19 | 1243048 GetZeeGold
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It's deflation....trust me.




Thu, 05/05/2011 - 11:24 | 1243409 Troll Magnet
Troll Magnet's picture

yeah...my dollar keeps deflating.

Thu, 05/05/2011 - 11:38 | 1243467 JW n FL
JW n FL's picture


1. http://research.stlouisfed.org/fred2/series/BASE

Base money has tripled in 3 years.

2. M1 has continued to increase to its highest level in history.


3. Same goes for M2


Thu, 05/05/2011 - 11:39 | 1243471 JW n FL
JW n FL's picture


1. http://research.stlouisfed.org/fred2/series/BASE

Base money has tripled in 3 years.

2. M1 has continued to increase to its highest level in history.


3. Same goes for M2


Thu, 05/05/2011 - 11:50 | 1243520 amanfromMars
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It's deflation....trust me. ....by GetZeeGold on Thu, 05/05/2011 - 10:19

Of course it has absolutely nothing to do with the naked short selling scams which create artificial markets/virtual realities/fabulous zeroday vulnerabilities in the system which are opportunities for ....... well, the new bogeymen are something which are especially programmed for you to discover and uncover for yourself  ....... http://cryptogon.com/?p=22169 ...... if you are smart and good enough.





Thu, 05/05/2011 - 10:21 | 1243062 Racer
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Inflation is well contained.....

Thu, 05/05/2011 - 10:25 | 1243069 GetZeeGold
GetZeeGold's picture



Inflation is well contained.....


.....and we're all pretty damned glad to hear that.



Thu, 05/05/2011 - 10:28 | 1243096 Sudden Debt
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Thu, 05/05/2011 - 10:32 | 1243105 writingsonthewall
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This inflation talk - only affects food, gas and other non-essential items.


The really important stuff - Ipads, Plasma screens, power tools and key rings are all deflationary.

As soon as there is any sign of inflation in these essentials I am certain Ben will stop the printing. /sarc


I mean it's not like there is an advantage to high inflation for those in huge debts....

Thu, 05/05/2011 - 10:23 | 1243071 Ancona
Ancona's picture

Food....It's what may or may not be for dinner.

Here in the states, we have record numbers of SNAP recipients and record levels of continuing unemployment. If the dollar keeps shitting the bed, we may see widespread starvation around the world. Given that we're experiencing major flooding and major drought in a number of key growing areas, we are sure to see nothing but rising prices for the forseeable future. Stock up now boys and girls, while you still can.

Thu, 05/05/2011 - 10:30 | 1243094 NotAllowed
NotAllowed's picture

Here in Montana, we usually have our crops in the ground, but Winter will not seem to let go this year, and farmers are panicking.  Were already several weeks late.  Hope summer lasts longer than normal or were really screwed.  My neighbors are on SNAP, but managed to come home in a new minivan the other day.....go figure.

Thu, 05/05/2011 - 10:49 | 1243191 Mentaliusanything
Mentaliusanything's picture

They are a smart mob. The new mini van is the more reliable "getaway car" for when the SHTF

Thu, 05/05/2011 - 10:55 | 1243234 Agent P
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Just starting to see some planters in the fields here in Central Illinois, and a lot of fields haven't even been plowed yet.  "Corn knee high by the 4th of July" may actually hold true this year...it's usually taller than that in early June around here.

As for your neighbor, I'd say that's par for the course.  I'm all for feeding people who can't afford it, but the corruption has to end...you have my permission to shoot him.

Thu, 05/05/2011 - 10:32 | 1243101 the grateful un...
the grateful unemployed's picture

the question is which industry will the US nationalize first, energy or agriculture.

Thu, 05/05/2011 - 11:04 | 1243295 mlbs
mlbs's picture

That is the question of the decade my friend.

Thu, 05/05/2011 - 11:45 | 1243501 Urban Redneck
Urban Redneck's picture

Because the output of GM and Chrylser climbed so high after they jumped into bed with the DC trolls.

It  takes a special Satanic breed of politician to successfully resurrect Parson Malthus from the grave, but apparently we have them.   

Thu, 05/05/2011 - 10:27 | 1243078 darteaus
darteaus's picture


Thu, 05/05/2011 - 10:25 | 1243082 Sutton
Sutton's picture

"The rise in equity prices is directly related to my policies, but the massive rise in commodities is not."


Ben Bernank

Thu, 05/05/2011 - 10:26 | 1243087 Chuck Norris
Chuck Norris's picture

Someone shimmed my lock at the gym, stole my credit card, and attempted to buy an iPad.  It was declined. 

I'm guessing they saw the price of food was too high and decided it was cheaper to buy the iPad and eat it; no inflation there.

Thu, 05/05/2011 - 10:30 | 1243108 Sudden Debt
Sudden Debt's picture

What kind of idiot would buy a Ipad with a stolen credit card.

Everybody knows you can track any move you do when you have a Ipad. Even the cops can catch him now!




Thu, 05/05/2011 - 12:56 | 1243876 Troll Magnet
Troll Magnet's picture

yeah...if you were actually living in a first world country.

true story: a few years ago, some fuckers broke into my house and took a whole bunch of things including my organizer that had some credit cards in it.  i immediately called the cops and then called the credit card companies to report them stolen, all except for one - it just simply escaped my mind.  then, i get a call from my credit card company the next day telling me that my spending pattern in the last 24 hours seemed odd.  sure enough, the fuckers who broke into my house went on a spending spree at Target.  yes.  Target.  so i make a series of calls and track down the location (i was living in los angeles at the time and there are several Targets).  i drive there, ask to talk to the manager, confirm that these fuckers came in the night before and tried to make a big purchase (xbox, plasma tv, etc, etc).  i tell the manager what happened and ask if they have the surveillance camera footage that they can turn over to the police.  the manager, sympathetic, swiftly agrees.  we call the cops right there.  i waited for two hours and they don't show.  so i call back and they tell me that i shouldn't wait for them, that they wanted me to leave the premise in case i run into these criminals.  i reluctantly agree but wait in my car for another hour.  the cops don't show.  at this point, i start worrying about someone breaking into my house again - i was traumatized by the experience at the time - so i decide to have faith in the law and go home.


and guess what?


not a goddamned thing happened.  i didn't hear a fucking thing from the LAPD, so i go back to the said Target store the next day, talk to the manager and he tells me that the cops did show up 8 hours AFTER we made the call, at which point the manager had already gone home.  he tells me that they supposedly saw the video footage and left.


so i go to my local police station, find the detective assigned to my case.  he tells me that he's on it and i shouldn't worry, that they've already identified the suspect and all that bullshit.  i leave feeling less confident than ever.  a month passes by.  i hear nothing.  i go back to the police station and seriously, i swear this is true: the detective has been reassigned to another location in the city and they couldn't tell me who was in charge of my case anymore.  i mean, i literally delivered the criminals to their door and they still fucking failed to do jack shit about it.


a year later, i went back to the police station to see if they've done anything about my case.  some arrogant jackass who calls himself a detector spends 20 minutes "looking for" my file, couldn't find it and tells me that they probably caught the criminals and that they were all probably in jail.  he was so fucking curt and rude with me, the tax paying victim, that i just left shaking my head.  the following week, i took a day off from work to go to a city council meeting.  i pull my city councilman aside and tell him my story.  he listens, tells me that he'll do something about it.  again, i had zero confidence anything would come out of it.


a week later, i go back to the police station, trying to get some closure, and the moment i walk in, this asshole detective yells at me for going to and telling the city councilman about my story because the councilman called my local police station and cussed them out for being so fucking incompetent.  on the one hand, i feel good about them getting cussed out.  on the other hand, it was surreal to sit there and get yelled at by a detective who was supposed to help me.  i didn't know what the fuck to think.  would it be wise for me to yell back at this guy?  should i go talk to the city councilman again?  in the meantime, other cops in the office were all glaring at me, i guess for telling the city councilman my story, and i start to think these pigs could potentially try to get back at me for my actions.  WTF?  so i just left quietly without seeking anything new and decided to let go of the whole thing.


i'm so fucking glad i'm not in america anymore. 

Thu, 05/05/2011 - 14:23 | 1244246 gall batter
gall batter's picture

Is it any better where you are?  I have no confidence in the police yet I'm not sure I have what it takes to leave this country.  

Thu, 05/05/2011 - 10:29 | 1243091 the grateful un...
the grateful unemployed's picture

falling food prices is evidence of deflation. vendors have little or no pricing power. the population is static, there is no growth in demand and personal income is falling relative to prices.

Thu, 05/05/2011 - 10:32 | 1243104 silvertrain
silvertrain's picture

No Yen intervention?

Thu, 05/05/2011 - 10:32 | 1243106 QQQBall
QQQBall's picture

This sounds bad for ethanol yields ;)... can I live on a diet of Ipads with ethanol chasers?

Thu, 05/05/2011 - 10:38 | 1243112 Council of Econ...
Council of Economic Terrorists's picture

With rising gas and food prices and state budgets needing to be balanced for FY 2012, it's  either "Summer of Rage 2011" or bullish for PMs as Bernanke comes to the states rescue.

I'm getting popcorn for either outcome.

Thu, 05/05/2011 - 10:34 | 1243114 tmosley
tmosley's picture

Damn, I guess we'll all have to eat paper silver salads.

Thu, 05/05/2011 - 10:32 | 1243117 HamyWanger
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Question to silverbugs: how does it feel to lose 25% of your life savings in 72 hours? 

Thu, 05/05/2011 - 10:35 | 1243122 GetZeeGold
GetZeeGold's picture



Ask me the same question next week.


Quick answer is....I don't know.....I bought it at $5.18. Would you like to see a reciept?



Thu, 05/05/2011 - 10:36 | 1243124 SheepDog-One
SheepDog-One's picture

Havent lost anything until the sell order is executed. I never bought silver at $10 to make $2 in a 'trade'....long term buy and hold, bitchez's.

Thu, 05/05/2011 - 10:43 | 1243137 Council of Econ...
Council of Economic Terrorists's picture

Even though I know you are a HB Gary troll I will still say this. I will gladly exchange symbolic worthless paper or digital tokens  for something of real value.  There is effort, production, and rarity within precious metals.  If you think the US will make good on a projected > $100 trillion of promises on a cumulative account in an honest fashion, all the power to you.    

Thu, 05/05/2011 - 10:57 | 1243245 Hephasteus
Hephasteus's picture

He's not hammywanger. Our 2m's reverse troll. He's a new real troll.

Thu, 05/05/2011 - 10:42 | 1243138 Council of Econ...
Council of Economic Terrorists's picture


Thu, 05/05/2011 - 10:41 | 1243143 Max Hunter
Max Hunter's picture

I'm still up about 120%... No worries here.. a few months of USD strenth and price pressure on PM's and commodities are welcomed.. Holding physical silver for the long term.. 

Thu, 05/05/2011 - 11:03 | 1243278 vocational tainee
vocational tainee's picture

Can`t you stop missfitting?

Thu, 05/05/2011 - 11:04 | 1243286 vocational tainee
vocational tainee's picture

Can`t you stop missfitting?

Thu, 05/05/2011 - 14:34 | 1244286 psychologicalmess
psychologicalmess's picture

I just checked.  My silver's where I hid it.  I haven't lost anything.  I guess when I lose my mind, I'll forget where I hid my silver.   

Thu, 05/05/2011 - 10:35 | 1243121 RobotTrader
RobotTrader's picture

Inflation worries are over.

CRB Index now in full crash mode.

Gold and silver look like they are going through a 1987 style crash.

Thu, 05/05/2011 - 10:44 | 1243146 SheepDog-One
SheepDog-One's picture

Hey MomoFader hows yer crAAPL doin today? How much does Tyler pay you to do this little chart posting sunshine and unicorn dew clownshow?

Thu, 05/05/2011 - 10:39 | 1243126 Atomizer
Atomizer's picture

Another WFP budget shortfall.


Now is not the time to turn back.  As Congress convenes in the next two weeks, faced with tough choices regarding the FY 2011 budget, we urge continued U.S. leadership in addressing global hunger, and not at the expense of other vital programs that build stability by helping the world’s poor and most vulnerable.  Doing so will save millions of lives and help build a safer and more prosperous world for us all. 


Thu, 05/05/2011 - 10:37 | 1243134 stitch-rock
stitch-rock's picture

Long chickens, cows and moonshine...

Thu, 05/05/2011 - 10:43 | 1243170 treemagnet
treemagnet's picture

"Come in to my parlor said the Bernanke to the sheeple".

Thu, 05/05/2011 - 10:45 | 1243171 mr. mirbach
mr. mirbach's picture

Time to go long MREs

Thu, 05/05/2011 - 10:43 | 1243172 Mentaliusanything
Mentaliusanything's picture

April fools...... not so much more to say

Thu, 05/05/2011 - 10:43 | 1243173 6 String
6 String's picture

Hasn't anyone noticed? Crude is also being taken to the woodshed? No QE3 announcement, Silver leads the fall, now Crude, next every major agricultrual commodity where there is massive contracts on margin.

I'm really glad this is happening--the sell-offs via margin requirements. It's an excellent reminder that this entire economy is based on financial shennagins backed by almost nothing real--including the recent run-up on the COMEX silver spot market (obviously not a true price discovery mechanism, if it were, silver would be at 100 oz already) which was clearly boosted by margin, which we all know is a Wall Street game....which makes up nearly 55% of the economy in one way or another....and we wonder why the productive class in this country are disappearing and being mauled like rotten rats...can't have a real market with real businesses....must be connected to Wall Street to get away with running a business nowadays....or else the government will find a way to shut you down via regulations.

America has become a big pile of Horseshit.

Thu, 05/05/2011 - 10:58 | 1243253 Mentaliusanything
Mentaliusanything's picture

Speaking of Horse shit, Bags of it sold by kids along the roads side have gone up in price from $1.50 to $3 bennie bucks. And the bags are smaller (and I suspect the horse are shitting smaller turds)

Ones deflation and the other is inflation - both screw you

Just saying 

Thu, 05/05/2011 - 13:01 | 1243911 Bicycle Repairman
Bicycle Repairman's picture

I guess once gas hit $4 and silver hit $50, it was time ti pull the plug on commodities gambling.

Thu, 05/05/2011 - 10:50 | 1243202 6 String
6 String's picture

Oh, are you catching the concentrated take-down in silver between 10:30 and 12? Happens EVERY single day. Then silver settles a bit past 12, then a dump right before the close.

It's fucking clockwork. And the despots will gently pull this market down...but not too much, say, .50% for the day so to not trigger any alarm bells and try to give way to the appearance the market is real, which it clearly is not.

Thu, 05/05/2011 - 11:15 | 1243341 Mec-sick-o
Mec-sick-o's picture

Well, well... it seems the producers margins are going improve, and middlemen squeezed.  Nice.

Thu, 05/05/2011 - 11:26 | 1243391 alexanderstollznow
alexanderstollznow's picture

it is certainly good to see independent research reproduced here which verifies what everyone knows ie that high ag prices are related to high demand and supply issues.  most appreciated.

it is most interesting that, despite the weak US$, the supposedly hyperinflatinary MP in the US, and high wholesale prices, the actual CPI is still only barely up to target levels.  the significant downdraught in commodity prices this week isnt going to help the hyperinflation thesis.  which would be a pity:  i would hate to have to see a mass admission that there never was any hyperinflation AND no QE3.  it would just be embarrassing to listen to.


one thing i am, however, unsure about:  is it JPM or Goldman Sachs who control everything in the world?  or do they share the burden?  if they share it, do you think they have an equal vote, or do the bitchez have some kind of weighted voting system?

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