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To Fight Hyperstagflation, Greece Will Allow Sale Of Expired Food Products

Tyler Durden's picture


Against a deflationary environment of austerity-driven wage and pension cuts combined with rising unemployment; food, commodity, and fuel prices continue to surge in Greece. The government has taken an unusual step - allowing the sale of expired food at lower prices. As Voz Populi reports, this act means the government has 'virtually admitted their inability to control prices" as the worst aspects of stagflation crush the Hellenic Republic. The regulation (allowing from one-week to one-month extensions of foods for sale post their eat-before-this-day-or-you'll-get-Salmonella date) has existed for many years, according to a ministerial decree and this action merely states that these foods must be sold at a lower price. Meat and dairy is excluded but this move is described as "an immoral act" as few believe prices will actually be reduced - since that is at the discretion of the merchant. As the National Food Agency notes: "This is also a moral dilemma, to divide consumers into two groups: those who can afford basic food and those who, because of poverty, are forced to resort to dubious quality food." We presume this will also reduce the drag on pension and healthcare costs as death rates will rise?


Via Voz Populi: (Google Translated)

Greece will allow the sale of expired food at a price lower than the original, in a move that the government has not been able to justify but consumer groups have interpreted as evidence of their inability to stop the escalating cost of commodities. A ministerial decree just reviving an old regulation that authorizes supermarkets and grocery stores to sell food once the expiration date, Efe reported. "This regulation has existed for many years. And it is something that is allowed in the rest Europe. All I did was point out that these products must be sold at low prices. do not understand what is causing so much noise, "said Yorgos Moraitakis Efe, advisor to the Ministry of Development, Competition and Merchant Marine.


The regulations exclude meat and dairy from the list of perishables that can be sold and sets a ceiling dates you can continue marketing. Thus, foods in which the expiration date is indicated by the day and the month, may continue on the shelf for another week. In the event that the "best before" only month and year point, the sale may be extended for one month, and in the event that the date indicated year alone, the sale date may be extended by one quarter.


Though Moraitakis Efe declined to specify the reasons for this decision and merely noted that the legislation already existed, consumer groups and even government agencies have criticized the measure. "Virtually admit their inability to control prices," Efe reported Tsiafutis Victor Consumers Association 'Quality of Life', one of the oldest in Greece.


Food Inflation


In the Greece of the crisis, the wage and pension cuts and rising unemployment, food prices and commodities has not stopped rising. Between August 2011 and August 2012, the price of sugar shot up 15%, the eggs, 6.8% for butter by 3.2% and that of coffee, 5.9%, according to data from the Statistics Authority. "It is an immoral act," criticized Tsiafutis. "Instead of taking initiatives to control prices, allow the sale of food past the expiration date."


Moreover, from the National Food Agency gets even concerned that the measure serves to something. "It is doubtful that these foods are to be sold at low prices, because the price control mechanisms have failed," said Yannis Mijas, president of this organization linked to the government. Indeed, the measure of how much states must be the initial price reduction, which is at the discretion of the merchant.


To Mijas, selling expired food is also a moral dilemma, to divide consumers into two groups: those who can afford basic food and those who, because of poverty, "are forced to resort to dubious quality food."


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Mon, 10/15/2012 - 11:44 | 2890611 prains
prains's picture

what happens when the morgues fill up?

Mon, 10/15/2012 - 11:48 | 2890624 CPL
CPL's picture

This will not end well.  


Besides people are already dumpster diving to find their daily bread, veg and fruit.  Greece has turned into a very rough place very quickly.


Take notes France.  You are next.  Germany right after that.

Mon, 10/15/2012 - 11:51 | 2890642 economics9698
economics9698's picture

Its all fun and games until the king gets his head cut off.  Kill the bankers. 

Mon, 10/15/2012 - 11:56 | 2890653 Pladizow
Pladizow's picture

Bernake comments: "Let them eat spoiled yogurt & gyros's"

Mon, 10/15/2012 - 12:00 | 2890679 ihedgemyhedges
ihedgemyhedges's picture

Customer: "Excuse me sir.  Can you lower the price of this cheese any more?"

Grocer: "Uhhhhhhh, that's not cheese."

Mon, 10/15/2012 - 12:16 | 2890738 ACP
ACP's picture

I can see the birth of a few new delicassies born out of "neccessity."

Mon, 10/15/2012 - 13:07 | 2890942 Skateboarder
Skateboarder's picture

The local falafel joint here has already added the "Austeriwich" to the menu: Stale pita, hardened falafel, soggy tomatoes, soggy cucumber, withered lettuce, moldy hummus, and a splash of tzatziki just about to go bad.

Mon, 10/15/2012 - 13:20 | 2890969 Kitler
Kitler's picture

That's just the new franchise in town... It's called  Feel-awful Falafel.

Mon, 10/15/2012 - 16:17 | 2891794 krispkritter
krispkritter's picture

We get the same kind of questionable food here in America, it's called McDonalds...

Mon, 10/15/2012 - 22:02 | 2892864 Cathartes Aura
Cathartes Aura's picture

gotta get that feedlot meat fattened up, be it with raw GMO-Korntm or High Fructose Korn processed as Kandy - then feed it to the next generation feedlot, humans & their pets. . .

Tue, 10/16/2012 - 03:44 | 2893308 Seer
Seer's picture

I imagine that some idiots will believe that this is some sort of "solution," just like the idiots promoting waste veggie oil*.

The smarter livestock folks have already notched down to a more sustainable level- grass-fed.

* I own a diesel (truck and tractor), and while I like the option I know better than to promote BS.

Mon, 10/15/2012 - 12:18 | 2890747 CPL
CPL's picture


Mon, 10/15/2012 - 12:35 | 2890822 Benjamin Glutton
Benjamin Glutton's picture

Molding pitas and rotting falafel balls bitchez!!!

Mon, 10/15/2012 - 17:19 | 2891934 DriveByLurker
DriveByLurker's picture

Grocer: "Come back next week; by then it will be saganacki."  

Mon, 10/15/2012 - 12:27 | 2890784 SafelyGraze
SafelyGraze's picture

long curry powder and hot peppers

Mon, 10/15/2012 - 13:12 | 2890884 mktsrmanipulated
mktsrmanipulated's picture

“As people’s diets are becoming more sophisticated and as they eat more beef and less grains and so on, the demand for food and energy rise and that’s the primary long-term factor affecting the real price of commodity and food,” Bernanke 2011

Hey Ben how sophisticated is it eating out of a garbage can....YOU ASS

Mon, 10/15/2012 - 12:58 | 2890900 insanelysane
insanelysane's picture

Bernanke comments:  "There is no inflation."

Mon, 10/15/2012 - 12:26 | 2890779 Kaiser Sousa
Kaiser Sousa's picture

"Kill the bankers...."


been sayin that since i found this place...

Ya'll gonna learn sooner or later just what George Carlin told ya..."they dont give a fuck about you..."

Mon, 10/15/2012 - 12:36 | 2890827 daveeemc2
daveeemc2's picture

true, but its interesting because he was an interesting guy.

and its already happening here in the us....the rich buy kosher/certified organic.  everyone else who cant afford that, buy toilet waste grown food.


bon appetit

Mon, 10/15/2012 - 14:03 | 2891407 dogbreath
dogbreath's picture

Yeah, aquaculture Talapia raised in the sewage treatment plant.  They eat all the chunks in solution and are  raised to market weight.  Saw it on Dirty Jobs.

Mon, 10/15/2012 - 12:37 | 2890830 NewWorldOrange
NewWorldOrange's picture

Au contraire least half of regular ZH posters will be the first group rounded order to pacify everyone...because who's gonna' stand up for a bunch of tough-talkin' pimply-faced middle-aged registered sex offenders with nothing whatsover to offer the world except angry frustration and a tiny toxic penis? Hahaha

Mon, 10/15/2012 - 13:22 | 2890985 Nobody For President
Nobody For President's picture

'...there's this real exclusive club, and you and I ain't in it.'

Mon, 10/15/2012 - 12:26 | 2890780 TeamDepends
TeamDepends's picture

Are these shredded euros in our spanikopita?

Mon, 10/15/2012 - 11:52 | 2890644 Desert Irish
Desert Irish's picture

And to think they have at least another 5 more years of this to look forward to....long greek military coups

Mon, 10/15/2012 - 11:54 | 2890652 economics9698
economics9698's picture

Not if they left the EU and declared bankruptcy.  But the Greeks were never the smart ones like the Icelanders. 

Mon, 10/15/2012 - 11:57 | 2890665 Oh regional Indian
Oh regional Indian's picture


Mon, 10/15/2012 - 11:59 | 2890675 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Yeah, but do they have death panels anything like those that will soon be ariving on the health care scene in the good ol' USSA?

Mon, 10/15/2012 - 12:18 | 2890739 hedgeless_horseman
hedgeless_horseman's picture



Want fresh food?  Five easy steps...

Step One

Step Two

Step Three

Step Four

Step Five



Mon, 10/15/2012 - 12:19 | 2890749 kahunabear
kahunabear's picture

Uh oh, be prepared for PETA, the FDA and who knows how many other federal agencies to come knocking at your door.

Mon, 10/15/2012 - 12:23 | 2890770 CPL
CPL's picture

I sew it up and put orange peels in the rabbit with ginger and cook it slow and low at 325 for a couple of hours basting it.


Of course Coney's are good on their own.  Basil, rosemary and oil on the skin.  Yum.

Mon, 10/15/2012 - 12:28 | 2890785 Overfed
Overfed's picture

Hmmm....I haven't had rabbit in years. It may be time to build a pen and buy some bunnies.

As an aside, what do you feed yours, HH?

Mon, 10/15/2012 - 12:34 | 2890818 CPL
CPL's picture

I shoot mine from the deck if they are in yard if I have the bow handy.  Dress and clean in under a minute.  Cut from the neck.  Pull the pelt off in one pull, then remove the head and finally two fingers up inside the breast bone and scrape into a bucket.  Remove sweet meats and discard guts.  Dogs and kitty's like the kidney, liver and heart.  Fry them up to kill any parasites before feeding them to pets, heart worms love rabbits.


Like pork, you do not want to see any blood and the juice must run clear.  These are rodents.  Tasty rodents.

Mon, 10/15/2012 - 12:39 | 2890836 hedgeless_horseman
hedgeless_horseman's picture



We feed them mostly grass hay and garden leftovers such as leaves and stems.

Mon, 10/15/2012 - 17:28 | 2891999 Miffed Microbio...
Miffed Microbiologist's picture

Beautiful pics HH but you left out some of the gory details. Kind of reminds me of " collect underpants..... .????.......profits". People need to be educated on the entire process. I'll never forget my first slaughter...a bit rough for a girl raised in San Francisco to behold. Mr miffed insisted our girls experience the reality where meat comes front. There were tears when Hank the turkey was served on Thanksgiving (my fault, I turned him into a pet against mr miffed's warning not to play with one's food). Ask an average kid today where meat comes from I'm sure most would say from the supermarket in pretty cellophane packages. Maybe some aren't just ready for that kind of reality.


Mon, 10/15/2012 - 12:28 | 2890787 hedgeless_horseman
hedgeless_horseman's picture



This is Simon Hopkinson's recipe with shallots, white wine, cream, rosemary, and a little lemon.  We grow everything but the wine.

Mon, 10/15/2012 - 12:59 | 2890904 CPL
CPL's picture

The cream I love, my guts do not.  Shallots though, give it a nice salty pinch.

Mon, 10/15/2012 - 12:33 | 2890811 LongSoupLine
LongSoupLine's picture

hmmm, my daughter just got a bunny from PETCO...

Mon, 10/15/2012 - 12:53 | 2890879 LawsofPhysics
LawsofPhysics's picture

Nice.  My goats are very much in the same situation.  Well rather them than me.  Bloody sheep.

Mon, 10/15/2012 - 13:10 | 2890948 the not so migh...
the not so mighty maximiza's picture


Mon, 10/15/2012 - 13:23 | 2890988 CloseToTheEdge
CloseToTheEdge's picture

its a new day (never name a house pet)

Mon, 10/15/2012 - 13:34 | 2891123 jumbo maverick
jumbo maverick's picture

If things get really bad someone will set up a pet exchange. See you just can't eat your own pet. But you could list it on a community bulletin board and swap your pet with the pet of someone that lives in your area.

Maybe call it pets

Pretty sick. Why'd I just think that?

Mon, 10/15/2012 - 14:21 | 2891461 pods
pods's picture

Wonder if is open?  You could make a killing on just the website name alone.

Holy Deja Vu Batman.


Mon, 10/15/2012 - 15:09 | 2891615 PKF
PKF's picture

Are you really that poor?  Killing wildlife is something I would do if the grocery stores were bare, my pantry was becoming bare, and my garden had endured flood/drought.

Do rats nibble at your toes and nose?  Are you that poor? 

It must be true what that other dude said....ZH has many with the toxic penis. 

Hey, our local Food Bank gives away canned goods that are up to one year over the expiration date. 


Mon, 10/15/2012 - 16:28 | 2891813 CPL
CPL's picture

When your grocery store is empty or insanely over priced and HH has a brace of coney's for sale at half the cost of chicken.  Believe me, you will wait in line for service and hope HH has rabbit's left.


It tastes like chicken and has the highest amount of protein per pound.  More than those shitty power drinks Cretine addicts choke down during workouts.  29.5% by weight, closest beast out there than offers that much bang for the buck is Ostrich (don't ask there's an Ostrich farm locally, eggs and meat).

Here read up and shut up.


PLUS prep and clean of a rabbit takes maybe 20 seconds.  You can't get fresher food anywhere, hang it a bit to drain.  And it's delicious.  Keep the urban-suburban mindset in check when talking about food.  Your ancestors ate it and more than likely your decendants will eat it, if you survive without animal protein.

Mon, 10/15/2012 - 18:47 | 2892409 NuckingFuts
NuckingFuts's picture


Are you mentally poor? You seem like a class A douche unless your purpose was sarcasm, in which case please ignore my rant. Are you fucking serious? Have you every REALLY been hungry? You keep eating that GMO shit at the grocery. Some of us are self sufficient and have little need. My take on eggs today was 120, 10 dozen. At $5.00 a dozen minus expenses I made about $40 for doing nothing but collecting them... Am I poor? Considering the third world country's I have visited and lived in I think I and HH are fucking wealthy.

Tue, 10/16/2012 - 04:36 | 2893364 Seer
Seer's picture

Yeah, experienced real poverty (my wife is from the Philippines).  I KNOW that I'm "wealthy" (though, not by US standards).

You're getting $5/doz?  Is this USD?  We do non-GMO feed, so input costs are up there.

My wife's happy that our latest ducks are now laying- salted duck eggs are moving pretty well. (we'd taken a hit from raptors, took out 2 of our 3 [then] females; our dog is now trained to chase these predators away).

Live in an area that's got a lot of horse folks, and I figure that before long horse will be on the menu...  I refer to horses as "home wreckers," usually women wanting their ponies over being able to eat...

Mon, 10/15/2012 - 22:00 | 2892855 prains
prains's picture

STEP 4 was like a VEGEN money shot 

Mon, 10/15/2012 - 13:08 | 2890943 Dre4dwolf
Dre4dwolf's picture

Only cities have turned into dumps.


Crete is thriving fairly well because everyone there is a farmer.

Sure they can't sell a damned thing for a profit, and no one has money.

But theres lambs, cheese, and food all over, food grows like wildfire there, you can't drive 20 miles without finding an almond tree, cactus fruit.

Mon, 10/15/2012 - 13:37 | 2891242 Offthebeach
Offthebeach's picture

Friends, are you looking for the next great new thing?

Well here it is, DUMPSTER AMERICA.

You can learn to operate a chain of franchise dumpsters, and eat well!

Well, how does it work, how do I prosper in the fast growing dumpster economy?

Good question. You see there are millions of dumpsters in America and every day the are loaded up with millions of dollars of valuables. These are dumpster dived for free. However with our unique program franchise training, you can lock up those dumpsters and start making cash money. The potential is unlimited .........

Mon, 10/15/2012 - 17:32 | 2891936 New World Chaos
New World Chaos's picture

Dumpster diving is the wave of the future.  Be a good citizen and superglue any dumpster locks you encounter.

Repost from a decline / decay / planned obsolescence thread last week:

Time to insidiously undermine the bastards.  Just had a big weekend of dumpster diving.  Even found another freezer to hold all the perfectly good packaged food we got.  Last year's model with a few dings; worked perfectly after replacing the plug that the dept. store cut off to prevent the serfs from getting something for free.   They're lucky the People of Wal-Mart Scooter Brigade would never think to raid dumpsters or replace plugs, otherwise they might have to smash things first. 

Dumpster diving is also a cheap way to get your preps in.  Wait until AFTER TSHTF to tell the missus you got the food from a dumpster and spent the clownbux on ammo instead.

Some people even get specific items by ensuring they end up in the bin.  It can be as simple as damaging packaging or leaving food in some unrefrigerated random location just before closing time.  I haven't stooped to this myself.

Disclaimer:  I don't know what dumpster diving is like in America these days.  Might be a good way to get your head caved in and end up in jail.

Tue, 10/16/2012 - 04:40 | 2893461 Seer
Seer's picture

Short-term at best...  Reminds me of the folks talking up waste veggie oil; it was cheap until it wasn't.  All relies on input-stream excesses, and, it should be pretty clear that such excesses are diminishing.

Mon, 10/15/2012 - 11:50 | 2890637 LongSoupLine
LongSoupLine's picture

what happens when the morgues fill up?


uhhh, sell them as food too.

Mon, 10/15/2012 - 11:52 | 2890645 economics9698
economics9698's picture

Soylent green 

Mon, 10/15/2012 - 16:15 | 2891791 krispkritter
krispkritter's picture

Soylent Greek...

Tue, 10/16/2012 - 04:43 | 2893502 Seer
Seer's picture

I look around at all the clueless and refer to them as "future compost."  iCompost?  It's not what I want, it's what will BE.

Mon, 10/15/2012 - 11:52 | 2890647 No Euros please...
No Euros please we're British's picture

Bullish for donor kebabs.

Mon, 10/15/2012 - 11:59 | 2890674 Cognitive Dissonance
Cognitive Dissonance's picture

Has anyone been paying attention to the Greek stray cat and dog population?

Just askin'

<Tastes just like chicken.>

Mon, 10/15/2012 - 12:02 | 2890683 prains
prains's picture

<smells like fish>

Mon, 10/15/2012 - 12:32 | 2890806 economics9698
economics9698's picture

Cognitive Dissonance oh fuck that is sick.

Mon, 10/15/2012 - 13:07 | 2890935 Tortfeasor
Tortfeasor's picture

That is life in backwater places like, oh say, South Korea, the Philippines, Indonesia.


Tue, 10/16/2012 - 04:49 | 2893632 Seer
Seer's picture

I've been to the Philippines (wife is from there*), and though I didn't see people consuming dog and cat I didn't really see many of them.  Those that I did see weren't exactly pampered pets: kind of sick to see some large dogs stuffed into small cages (guard dogs?).

* My/our dog is safe for now since she's my wife's companion/guard dog as well as a livestock guardian dog :-)

Mon, 10/15/2012 - 13:24 | 2890990 exi1ed0ne
exi1ed0ne's picture

Hunger makes the best sauce.

Mon, 10/15/2012 - 18:51 | 2892415 NuckingFuts
NuckingFuts's picture

Well said sir.

Mon, 10/15/2012 - 12:29 | 2890792 CPL
CPL's picture


"Monsieur, How about dolphin meatballs?"

"No no, I'm wealthy and require something rare and really silly to eat."

"Might I suggest American Bald Eagle stuffed with Northwest Spotted Owl."

"Perfect Francois, something morally and ethically questionable.  Make it between two slices of bread and put ketchup on it."

"Excellent monsieur. Side of Elephant noses as well?"


Mon, 10/15/2012 - 12:39 | 2890837 CommunityStandard
CommunityStandard's picture

There's room enough for all of God's creatures... right next to the mashed potatoes.

Tue, 10/16/2012 - 04:54 | 2893634 Seer
Seer's picture

Balut!  I'm pretty sure that this "delicacy" was borne out of desperation.  Anyone know whether there's any nutritional reason for Balut over less developed eggs?

Mon, 10/15/2012 - 13:00 | 2890908 insanelysane
insanelysane's picture

The world is full of problems......and solutions.

Mon, 10/15/2012 - 12:02 | 2890682 Azannoth
Azannoth's picture

This will give the Greek Healthcare System the rest, once all those people start flooding the Hospitals with indigestion and food poisoning

Mon, 10/15/2012 - 12:10 | 2890709 GOLDTRADERRR

Westerners are weak. Asians already eat road kill.

Man up Westerners. We're already eating crow.

Mon, 10/15/2012 - 12:39 | 2890820 graneros
graneros's picture

never mind already posted

Mon, 10/15/2012 - 13:15 | 2890962 markovchainey
markovchainey's picture

Attention shoppers!  Blue light special on aisle five:  Long Pig for $1.99/lb.

Solves the "full morgue" problem...

Mon, 10/15/2012 - 13:49 | 2891361 fonestar
fonestar's picture

Ship Lloyd Bleinkfuck over there and let them feast on his skinny rack.

Mon, 10/15/2012 - 14:33 | 2891501 Silver Bug
Silver Bug's picture

This is disgusting, society is degenerating rapidly.

Mon, 10/15/2012 - 11:45 | 2890616 ParkAveFlasher
ParkAveFlasher's picture

Long croutons, bitchez!

Mon, 10/15/2012 - 11:46 | 2890617 Hulk
Hulk's picture

They can take a lesson from Kroger, a little bleach lets meat and fish go a long way, timewise, that is...

Tue, 10/16/2012 - 04:59 | 2893635 Seer
Seer's picture

Lutefisk anyone?

Mon, 10/15/2012 - 11:47 | 2890623 PUD
PUD's picture

Greeks are stupid. Spoiled food is free in Spain if the lines by the dumpsters aren't too long

Mon, 10/15/2012 - 11:55 | 2890656 Dick Darlington
Dick Darlington's picture

They have started to lock the dumpsters in Spain...

Mon, 10/15/2012 - 13:00 | 2890910 CPL
CPL's picture

In other news bolt cutter sales are through the roof.  Why bother locking them?  Just have to keep buying a new lock.

Mon, 10/15/2012 - 20:53 | 2892651 Overfed
Overfed's picture

Shoot. You can pop damn near any padlock with a hammer. So I hear. (Eyes dart furtively from side to side.)

Mon, 10/15/2012 - 11:56 | 2890659 economics9698
economics9698's picture

And in America.

Mon, 10/15/2012 - 13:22 | 2890979 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

true story. about 18 years ago i made a long line of bad choices and found myself homeless in sacramento ca. not too far from the greyhound bus station there was a walking mall that had numerous places to eat. every single dumpster had a lock on it. was a surprise to me then... i wonder what if is like now...?

Mon, 10/15/2012 - 11:49 | 2890627 The Shootist
The Shootist's picture

There's only one solution. Greece must fulfil their destiny by razing Persia to the ground and reaping the benefits of their former empire.

Mon, 10/15/2012 - 11:48 | 2890628 GolfHatesMe
GolfHatesMe's picture

Polio is about to be cured again

Mon, 10/15/2012 - 11:49 | 2890630 ziggy59
ziggy59's picture

Yes, Desperate times call for desperate measures. But Damn!

Mon, 10/15/2012 - 11:51 | 2890631 Kreditanstalt
Kreditanstalt's picture

Nonsense.  Quite safe.  I buy loads of expired food here in Canada and haven't died yet.

Half-price yogurt, day-of-expiry ground beef, soybean milk, packaged goods...all way cheaper.  You Americans had better get used to doing this too.

Mon, 10/15/2012 - 11:52 | 2890646 ziggy59
ziggy59's picture

How would you know? This ain't Heaven. Maybe Iowa.

Mon, 10/15/2012 - 12:17 | 2890744 Revert_Back_to_...
Revert_Back_to_1792_Act's picture

The people are made of CORN!  The corn is people!


Mon, 10/15/2012 - 12:15 | 2890734 Meremortal
Meremortal's picture

There is a expired rack in every grocery store in America. This article is stupid. Food dating is overdone, and the food doesn't go bad the second the date stamped on it passes.



Mon, 10/15/2012 - 12:41 | 2890846 LawsofPhysics
LawsofPhysics's picture

Correct, but then again the profit certainly does "spoil" after the price is dropped.

Mon, 10/15/2012 - 12:48 | 2890867 graneros
graneros's picture

You're right.  My wife and I have been buying from the day old baked foods rack for years.  Since all major grocery stores now have a bakery in them they have loads of baked goods they have to get rid of on a daily basis.  Have you checked the prices on some of this freshly baked stuff? Pies for $10? Ten bucks for a fricking pie and then 2 days later it's $2.50.

As a sign of the times the products on the reduced rack are slim pickings by the end of the day.  More and more people are buying from the reduced rack and if you don't get there when the old goods go up you'll be sucking hind titty.  

Mon, 10/15/2012 - 19:07 | 2892449 RockyRacoon
RockyRacoon's picture

My local fresh market corner store has fresh baked breads.  Today I went in and the loaves of zucchini bread were $2.  I asked why so cheap -- it's usually $5.99.  Answer:  It was baked on Saturday and today is Monday.   Bought a loaf and it was even better!   I'll be looking for bread on Monday's from now on.

Tue, 10/16/2012 - 05:17 | 2893646 Seer
Seer's picture

My wife makes our bread.

Mon, 10/15/2012 - 13:43 | 2891336 e-recep
e-recep's picture

i use expired medicine too, they are as effective as the new ones.

Mon, 10/15/2012 - 11:50 | 2890634 Mercury
Mercury's picture

Unless this is the only law that Greeks universally abide by all this means is now they don't have to bother with making up new price/date stickers.

Mon, 10/15/2012 - 11:49 | 2890635 lizzy36
lizzy36's picture

Most non- meat/non-milk products sell by date is under-reported for CYA reasons by about 50%.

My grandma, polish immigrant circa 1930's used to ONLY buy "old food". Couldn't believe that the stuff was 50% off. Used to wait until after 9pm and go and buy the "old bread" from bakery. Of course my dad and his siblings used to refer to her soup as "poison soup"........;)

Mon, 10/15/2012 - 12:10 | 2890685 Revert_Back_to_...
Revert_Back_to_1792_Act's picture

"Quantitative easing" has made my box of "orange-colored-cheese-flavoured" GMO square bites much smaller.


Mon, 10/15/2012 - 12:12 | 2890724 ParkAveFlasher
ParkAveFlasher's picture

Stale bread is bread pudding waiting to happen. 

Mon, 10/15/2012 - 11:50 | 2890636 fonzannoon
fonzannoon's picture

Look at the market try to squeeze any and every short. This is like a shamwow commercial.

Mon, 10/15/2012 - 11:51 | 2890639 LongSoupLine
LongSoupLine's picture

Hell, the French figured it out years cheese.

Mon, 10/15/2012 - 11:51 | 2890641 Dick Darlington
Dick Darlington's picture

Ah, look at this. This is the stabeletee and prosperetee brought by Euro. First You lost Your mon pol, borrowed to the hilt while interest rates were too low because of ECB's one-size-fits all policies and then You crashed. And when You crashed the unelected foreign overlords came and took over. You lost Your sovereignty. Then the unelected foreigners started to cut Your wages, pensions, jobs... Only the banks got scott free. And now Your going to eat old food if You can even afford that. And to add insult to injury, You have the same criminals who corrupted Your state, PASOK and ND, implementing the decisions made by the unelected foreigners.

Tue, 10/16/2012 - 05:07 | 2893641 Seer
Seer's picture

At the core was the fact that people went away from the land, where FOOD is made/available, opting for all that glitters in exchange for hooking up to centralized food (and such) systems.

Mon, 10/15/2012 - 11:53 | 2890650 Seasmoke
Seasmoke's picture

i can buy this moldy bread for 25% off but if i wait just 3 more days i can buy it for 50% off

Mon, 10/15/2012 - 11:56 | 2890662 waterhorse
waterhorse's picture

With the 'extra bonus' of free penicillin.

Mon, 10/15/2012 - 13:20 | 2890977 Things that go bump
Things that go bump's picture

The picture of that moldy bread lead me to goggle do-it-youself penicillin.  It can be done; the necessary chemicals and lab equipment are readily available, but it seems to require a temperature-controlled environment of 70 degrees and a precise scale for measuring grams.  The guy whose instructions I read suggests stocking up on aquarium antibiotics for preppers. Same thing the doctor prescribes, no prescription necessary.  When I googled aquarium antibiotics I was amazed at what is available.   In a pinch, remember the old wifes of Europe were noted to be dressing wounds with moldy bread during WWI, and spagnum moss (they make hanging baskets out of the stuff), has known antibacterial properties, and has been used for centuries to dress wounds and prevent infections.

Mon, 10/15/2012 - 14:15 | 2891444 dogbreath
dogbreath's picture

dry spagnum can be compressed into a pad of sorts.  it is very absorbant and when used as T.P. works better than leaves or any other vegetable matter bum wipe.  I have notice a bit of a rash developping by mid afternoon so good washing facilities are important.

Mon, 10/15/2012 - 11:54 | 2890651 alien-IQ
alien-IQ's picture

Mon, 10/15/2012 - 12:03 | 2890687 Wile-E-Coyote
Wile-E-Coyote's picture

Well take that cock out of your mouth.

Mon, 10/15/2012 - 13:08 | 2890944 hedgeless_horseman
hedgeless_horseman's picture



More cream of mushroom soup, Mr Bernanke?

Mon, 10/15/2012 - 12:04 | 2890696 fuu
fuu's picture

Just relax, keep breathing, and look into my eyes.

Mon, 10/15/2012 - 12:11 | 2890718 pods
pods's picture

I was fixin to get a new monitor anyways.


Mon, 10/15/2012 - 12:24 | 2890771 fuu
fuu's picture


Mon, 10/15/2012 - 11:54 | 2890654 kito
kito's picture

i just bought 10 lindt dark chocolate bars for 10 bucks.........huge bargain...i asked the chic at the lindt store about the discount...she said the expiration date is next month.....but that they have a shelf life of at least 6 months post expiration......good enough for me...............most foods dont expire past the expiration.....dried beans, lentils, rice, canned foods.....many other packaged foods i have no intention of throwing away, post expiration date, in my prepper closet.....

Mon, 10/15/2012 - 11:56 | 2890655 Dr. Engali
Dr. Engali's picture

When will the idiots learn that price controls do nothing but create shortages and market distortions?  High prices are the best cure for high prices.

Mon, 10/15/2012 - 12:15 | 2890735 economics9698
economics9698's picture

The ones making the laws have their food.  Let the peasants fight over the rest.

Mon, 10/15/2012 - 12:16 | 2890740 Renewable Life
Renewable Life's picture

That's all well and good, in a marketplace where people have money, NOT DEBT! In this debt marketplace, high food prices are the stuff that revolutions are made of, violent ones!!!

Mon, 10/15/2012 - 13:13 | 2890773 Dr. Engali
Dr. Engali's picture

Hmmm. Your argument is a bit hollow as the people are suffering even more under price controls. If they wouldn't control the prices then there would be capital and investment into food agriculture and food distribution because people will be looking to profit. This will drive costs down,and bring more supply on line.

Tue, 10/16/2012 - 05:26 | 2893652 Seer
Seer's picture

I'd argue that if there weren't controls there wouldn't be centralized food systems and people would then be able to "afford" food.

Mon, 10/15/2012 - 12:25 | 2890775 economics9698
economics9698's picture

You are confusing food or lack of it with money production.  Giving out money produces no food.  Creating price ceilings creates shortages and less food.

Lack of food causes violent revolutions not high food prices.

Mon, 10/15/2012 - 12:30 | 2890798 FeralSerf
FeralSerf's picture

High prices are also a cure for too many old geezers on SSI, especially when the weather turns cold.  WTF, they were going to die anyway.  Speed up the process and save a few bucks.

Mon, 10/15/2012 - 11:56 | 2890661 babylon15
babylon15's picture

How can prices rise 15% when unemployment is going up and pensions are being cut?  These things should force prices down.  If I own a supermarket in Greece I have less customers.  I would try to sell what I had and keep my inventory lower to meet the lower demand.

Yet I know it's true.  Gas prices are higher in Greece than anywhere in the rest of the Eurozone.  How does this make sense at all?  In the United States we have cities that are doing very badly, like Detroit.  Gas is cheaper in Detroit than New York.  This makes sense.

Anyone have a guess why the opposite is happening in Greece?

Mon, 10/15/2012 - 12:11 | 2890717 AnAnonymous
AnAnonymous's picture

How does it make sense?

There is an overconsumption issue and despite 'americans'' wet dreams, you do not solve this kind of issues by pushing under the train non consumers. You have to push actual consumers.

Greek people are squeezed out of their consumption so that other areas in the 'american' world can maintain or increase their own 'american' consumption pattern.

Dont worry though, this kind of stuff will be met by the very same:people follow resources and as greek people can not consume products (sometimes made in their own country), they will move to places where the actual consumption is done.

With the US market the ultimate market in this 'american' world and US world order, all those talks about borders, drones and stuff will make sense because as the US market will be the one draining from all the rest in the last part, many, many people are going to knock at the doors...

Read on another thread, even Japanese wish they consume US american cars or re import their own car production from the US so they can consume it...

Mon, 10/15/2012 - 12:20 | 2890761 economics9698
economics9698's picture

babylon simple supply and demand.  If Greece has no credit to buy imports, food, clothing, then there will be a shortage.  The remaining Euros and those holding them will outbid those without Euros.  Inflation.

Supply and demand.

We had inflation from 1933 to 1936 of 41% during the Great Depression. 

You probably picked that crap up from a college textbook.  Economic college textbooks are good for wiping your ass with and little else.

Mon, 10/15/2012 - 13:53 | 2891377 Offthebeach
Offthebeach's picture

All your baklava are belong to us.

( Japanese internal distribution channels are so inefficient that it's cheaper to import and domestic car. This phenomena is common in large bureaucratic companies and states. )

Mon, 10/15/2012 - 11:59 | 2890664 virgilcaine
virgilcaine's picture

Why soylent green doesn't spoil.

Mon, 10/15/2012 - 13:07 | 2890936 graneros
graneros's picture

Same reason jerked beef doesn't spoil.

Mon, 10/15/2012 - 11:57 | 2890670 kahunabear
kahunabear's picture

The Greeks who survive will have super human immune systems and arise from the ashes to once again rule the world!

Mon, 10/15/2012 - 12:22 | 2890765 Peter Pan
Peter Pan's picture

Either that or they will used as proof that expiry dates should be extended right across the planet.

Mon, 10/15/2012 - 12:00 | 2890676 topspinslicer
topspinslicer's picture

You can't make this sheet up. Such is the world of central planning. 

Mon, 10/15/2012 - 12:01 | 2890680 fonzannoon
fonzannoon's picture

What's up with agnc today Tyler? Crazy ass swings. Where is slaughter? This is like flashy crashy stuff.

Mon, 10/15/2012 - 12:02 | 2890681 dondonsurvelo
dondonsurvelo's picture

Most of the "pull by" dates are total bull and put on by the manufacturer to move more product.  As a grocery store owner, I would always check the product when I pulled it for date expiration.  99% of the time the product was as good as the day it went on the shelf.  Here in the USA we throw out perfectly good food because of an arbitrary date meant only to put more money in the manufacturers pocket. 

Mon, 10/15/2012 - 12:24 | 2890774 Peter Pan
Peter Pan's picture

You are probably correct but how does one check for freshness without buying the product and opening the packet?

Mon, 10/15/2012 - 12:43 | 2890850 Big Corked Boots
Big Corked Boots's picture

As a grocery store owner, you should know enough to rotate your stock. Then you wouldn't have the opportunity to run your experiment.

Mon, 10/15/2012 - 21:05 | 2892682 dondonsurvelo
dondonsurvelo's picture

It has nothing to do with rotating stock.  Some things just don't sell by the pull date.  I forgot to mention that it was a natural foods grocery store so everything had a pull date because nothing had preservatives in it.


Tue, 10/16/2012 - 05:35 | 2893657 Seer
Seer's picture

Not arguing the fundmemental point, but... that "1%" is enough to do serious harm to one's business.  Is it really worth the risk?

Mon, 10/15/2012 - 12:03 | 2890688 Peter Pan
Peter Pan's picture

The coalition governing Greece has also reached its use by date. I am sure the people of Greece would be happy to consume these parliamentarians if they were given half a chance.

Mon, 10/15/2012 - 12:04 | 2890695 NidStyles
NidStyles's picture

Austerity, where?

Mon, 10/15/2012 - 12:07 | 2890703 Prescient_Point
Prescient_Point's picture

This news make me sad. Coming soon to a city near us?  

Tue, 10/16/2012 - 05:39 | 2893659 Seer
Seer's picture

This might be suggesting that cities aren't the place to be?

Mon, 10/15/2012 - 12:08 | 2890704 singsing
singsing's picture

As Voz Populi reports, this act means the government has 'virtually admitted their inability to control prices"

Central planning groupthink at its finest.  Government can not and should not control prices.


Mon, 10/15/2012 - 12:10 | 2890711 CapitalistRock
CapitalistRock's picture

Since when did ZH support government's right to force a retailer to throw away perfectly good food just because a manufacturer stamped an arbitrary date on the bottom of a can?

Mon, 10/15/2012 - 12:11 | 2890720 fonzannoon
fonzannoon's picture

I don't know, when?

Mon, 10/15/2012 - 12:13 | 2890729 CapitalistRock
CapitalistRock's picture

Today, apparently. This article is counter to everything ZH stands for and supports.

Mon, 10/15/2012 - 12:25 | 2890768 dwdollar
dwdollar's picture

It's a tell how bad things really are there douche.

How kind of the elite to relent on this one issue. They're so generous. I'm sure Greece will prosper now...

Mon, 10/15/2012 - 12:46 | 2890862 alangreedspank
alangreedspank's picture

I think ZH staff is firmly of the Austrian view of economics. But yeah, it's kind of weird. We have "Best before" dates here, but I think it's just an indicator for the consumer, not a law per se.

Mon, 10/15/2012 - 13:28 | 2891005 Things that go bump
Things that go bump's picture

Canned goods don't necessarily go bad, but they do start losing nutritional value after a while. 

Mon, 10/15/2012 - 23:27 | 2893025 Cathartes Aura
Cathartes Aura's picture

the majority of canned foods in amrka stew in cans lined with Bisphenol-A, which is a toxic endocrine disruptor,

Eden Foods Bisphenol-A (BPA) Free Pioneer

interesting how the USDA whines about the French peoples, notoriusly food-aware, trying to ban BPA from their foods,

Two companies (Dow
Chemical and Bayer AG) produce the bulk of BPA in the world.

sharp eyes will notice the above mentioned in the pdf, and act accordingly. . .

Mon, 10/15/2012 - 12:11 | 2890716 realtick
realtick's picture

Is The Data Better Off Than It Was Five Years Ago: Real Dispoable Personal Income Per Capita

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