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The Real Inflation Fear - US Food Prices Are Up 19% In 2014

Tyler Durden's picture




 

We are sure the weather is to blame but what happens when pent-up demand (from a frosty east coast emerging from its hibernation) bumps up against a drought-stricken west coast unable to plant to meet that demand? The spot price (not futures speculation-driven) of US Foodstuffs is the best performing asset in 2014 - up a staggering 19%...

 

 

h/t Bloomberg's Chase van der Rhoer

 

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Wed, 03/26/2014 - 12:18 | 4594134 the grateful un...
the grateful unemployed's picture

am always amused when the housing numbers falter and they blame the weather? ahem, ain't no weather problem here. and housing is really slow, you might want to sell, but...  my backwards slide rule says that when the price of an asset drops, that asset becomes more scarce. (see fed policy 101: too much money ready to chase the available supply of goods at lower prices) if there doesn't seem be enough of something the price is too low. (should we buy gold on the dip?)

el nino is not going to develop until next year, but for now we have the deep marine layer which can last for months at a time, and gives us a repreive. lets hope

Wed, 03/26/2014 - 12:57 | 4594305 ChargingHandle
ChargingHandle's picture

Just remember what ol' Jack Burton does when the earth quakes, and the poison arrows fall from the sky, and the pillars of Heaven shake. Yeah, Jack Burton just looks that big ol' storm right square in the eye and he says, "Give me your best shot, pal. I can take it."

Wed, 03/26/2014 - 13:05 | 4594340 Jack Burton
Jack Burton's picture

"I've paid my dues" "The check is in the mail" "Give me your best shot, pal. I can take it". "Ah, where's my truck"?

Wed, 03/26/2014 - 13:52 | 4594517 TheGardener
TheGardener's picture

Jack, what a wave of sensationalism. I stayed in Central America in the 96/97 El Ninjo . Though inconvenienced by blocked roads due to land slides and flooding I had a good laugh at human folly even if being held up for a couple of days in my travels.

Why have your hut right on the edge of that river so you can literally shit into it from the balcony ?

And it is not just the brown peopled lower classes of
some obscure banana republic that prefer to squat where they would be washed away first.

Ten years no flooding? Re-zone it for residential subdivision !

Yes, they lost their crop but heroically refused "help" from the US which would have been GMO beans and related Trojan Horses.

Thu, 03/27/2014 - 20:11 | 4600888 MeelionDollerBogus
MeelionDollerBogus's picture

Why? What, poor people get to choose where to live? Not so much.

Thu, 03/27/2014 - 20:13 | 4600894 MeelionDollerBogus
MeelionDollerBogus's picture

Look at the bright side: hot air can hold more moisture so if something happens to make it rain you'll get more of it.
Or... the changing climate will push that rain away from where it's needed and you'll get floods where no one has a farm and drought where the farms are.
Oh well, so much for the bright side.

Wed, 03/26/2014 - 12:05 | 4594073 SmittyinLA
SmittyinLA's picture

in one sale Americans sold 25% of all their collective hog production and all the land and water to supply it to 1 Chinese trade company.

That 1 sale was less than 2 weeks of our annual trade deficit with China.

Anybody that thinks we can allow such lopsided trade over time and NOT become slaves is delusional.

Wed, 03/26/2014 - 19:26 | 4596316 lotsoffun
lotsoffun's picture

if we were a 'country' - and not US .CORP this should not be allowed.  even simply because - if in the horrible event of war, we need to be able to feed our own troops and people.  there is NO way this ever should have been allowed.  the chinese start war that involves, come in one day and destroy the entire pig population and leave.

Thu, 03/27/2014 - 01:38 | 4597505 Seer
Seer's picture

It's, um, "business."  Smithfield was puking red (or not enough black?).  Though I don't like the notion of China buying them up I would like to know what exactly could have been done to not have this occur.  Seems to me that we can hide discussing a lot of problems behind some nationalistic thinking... (that is, there are somre pretty systemic problems occurring, and keeping some company's banner flying the US flag ain't going to be any fix).

Wed, 03/26/2014 - 12:38 | 4594213 22winmag
22winmag's picture

CAN your homebrewed beef stew now while you still CAN.

Thu, 03/27/2014 - 20:14 | 4600899 MeelionDollerBogus
MeelionDollerBogus's picture

But don't do it unless you're 100% sure you can do it or you'll probably die of botulism later.

Wed, 03/26/2014 - 12:55 | 4594292 screw face
screw face's picture

...Moar Ration Cards Please

Wed, 03/26/2014 - 13:14 | 4594376 buffettwanab
buffettwanab's picture

No worries in California, weve changed our diet to the

delta smelt.

Wed, 03/26/2014 - 14:15 | 4594650 mt paul
mt paul's picture

ate 1 quarter of a moose, 2 caribou

and 20 red salmon this winter..

 

 

Wed, 03/26/2014 - 12:57 | 4594302 Goldbugger
Goldbugger's picture

What? There no inflation just ask the FED.
It's benign like the tumor on the FEDS ass.

Wed, 03/26/2014 - 13:04 | 4594337 BullyBearish
BullyBearish's picture

Understand that the FED's inflation has NOTHING to do with the rising prices of food, energy, iPADs, maxi-pads or launch pads.  The FED has decreed that inflation ONLY applies to rising wages...thereby increasing WAGE PRESSURE which ultimately would have an impact on...wait for it...not prices, but the profits of our owners.  When that eventually happens you won't believe how fast prices will rise.   

Wed, 03/26/2014 - 13:13 | 4594375 pelican
pelican's picture

Hope and fucking change.

Wed, 03/26/2014 - 13:16 | 4594383 Magnum
Magnum's picture

Wholesale prices are really going up. Example one case fresh limes is $105 today.  Standard price is around $22.  Most produce is at least double today what it was 6 months ago.  Time will tell if things settle back down by June/July.

Wed, 03/26/2014 - 13:27 | 4594416 yogibear
yogibear's picture

Ben Bernake let his son take out a $400,000 plus student loan. Why? because he knows the loan will cost little once the US dollar is severly devalued.

Wed, 03/26/2014 - 13:22 | 4594403 besnook
besnook's picture

jeebus! you fn people are dense. how many times does your dear leaders have to tell you food prices are not core inflation so food and energy prices do not matter to you? ipods and pads and ford focus' and rent are still real cheap. buy that stuff instead of food if you want a good deal. sheesh! no wonder the usa is going down the tubes.

Wed, 03/26/2014 - 13:24 | 4594409 yogibear
yogibear's picture

With the Fed printing 65 billion a month inflation should be exploding.

Just give it time. The Fed has 2 choices, stop print and ignore the pressure from the senate and congress or yield to their pressure and cause a worldwide dump of the US dollar.

You can be sure it's number 2. The Fed is full of people that think massive inflation is the way to go. The Fed will be buying US debt even as the US dollar would crash. 

Wed, 03/26/2014 - 13:30 | 4594432 Nue
Nue's picture

I’m in the South and we are more religious than most of the country and I’m hearing talk about something called the Time of the Locust.  Now Religion can tell you a lot about the subconscious fears of a community (Remember after 9/11 every church was packed tight for like 6 months) and people are genuinely starting to fear a food shortage.  People I’ve known to be quite sensible are actually starting to put away food.

Wed, 03/26/2014 - 16:57 | 4595601 TheMeatTrapper
TheMeatTrapper's picture

I recently was invited to give an "Intro to Trapping" seminar to a local church group. They have a group dedicated to prepping. My 1 hour presentation tuned into a 4 hour teaching session which ended up in the woods across the street. 

People are waking up - at least down here. 

Wed, 03/26/2014 - 17:36 | 4595783 Grouchy Marx
Grouchy Marx's picture

So what did you tell the little old choir lady to do, when she discovers a wolverine stuck in her rabbit trap?

Wed, 03/26/2014 - 17:32 | 4595762 Grouchy Marx
Grouchy Marx's picture

People who have any level of sense are putting away food. The average American has less than $1000 saved and about 3 days worth of food. Less than half have a first aid kit. Kinda explains the election outcomes, doesn't it? 

Wed, 03/26/2014 - 18:57 | 4596179 Flakmeister
Flakmeister's picture

Re: Election outcomes

Not really...

Wed, 03/26/2014 - 21:23 | 4596784 Grouchy Marx
Grouchy Marx's picture

Let me explain, then. Those with foresight think about the future. Concern about possible future scenarios motivates them to prepare for it. Likewise, thinking of the future causes such people to vote for leaders who have longer range vision than others who simply promise more gravy. There is no more gravy in the bowl, because people lacking foresight and vision are sadly in the majority. 

Wed, 03/26/2014 - 23:46 | 4597279 Flakmeister
Flakmeister's picture

If it was only so simple...

The Republicans were given a chance to take on a mediocre president saddled with a shit economy  and the best they could do was Mitt Fuckin' Romney, the very embodiement of the class that screwed the average Joe. It only proves that they are clueless and deserved to lose...

And along the way, we were treated to detritus like Herman Cain, Michelle Bachmann, Rick Perry???

And you act surprised that even the average American can see through clowns like that?

Thu, 03/27/2014 - 20:15 | 4600902 MeelionDollerBogus
MeelionDollerBogus's picture

But Diebold swears they don't rig elections & Goldman Sachs + JP Morgan make sure to give 'donations' to all the 'candidates' to ensure they aren't rigging it on their end, all equal, right?
Riiiiight.

Wed, 03/26/2014 - 14:01 | 4594464 NuYawkFrankie
NuYawkFrankie's picture

Almost choked on my 4oz burger patty (1oz ground rump + 3oz hamburger-helper) when I read that headline..

Wed, 03/26/2014 - 13:41 | 4594470 RichardParker
RichardParker's picture

Price of pistaccios is now about 25% higher than a few months ago. So bummed out over this.

Wed, 03/26/2014 - 13:43 | 4594476 tip e. canoe
tip e. canoe's picture
Creating a Productive No-Dig Garden in under a Year on 1/5 acre:

https://www.youtube.com/watch?v=HATC3rG6NbQ

Wed, 03/26/2014 - 18:33 | 4596050 IridiumRebel
IridiumRebel's picture

thanks for posting this

he has great ideas

Thu, 03/27/2014 - 20:17 | 4600912 MeelionDollerBogus
MeelionDollerBogus's picture

A benefit of Mittleider sand+sawdust: you get very little resistance pulling out weeds or harvest.

Wed, 03/26/2014 - 13:53 | 4594479 Dodge
Dodge's picture

Just watch the price of tuna in the can. Deals used to be $1 and now it's $1.19. Odwalla OJ by the gallon used to be about $5.99 for a Costco deal (they stopped that quick). Find it today for $9.99.

Dodge's Blog

Wed, 03/26/2014 - 13:46 | 4594502 magnetosphere
magnetosphere's picture

for those that took math in middle school, energy input into food production and distribution is about 3% of total energy consumption.

 

for the bankers peddling carbon credit default swaps, please explain how you think atmospheric CO2 could be 1950 ppm in the Jurassic with temperatures ~2 degrees warmer than today.  or do you also want to tax O2?  how about Au?  oh wait...

Thu, 03/27/2014 - 20:18 | 4600915 MeelionDollerBogus
MeelionDollerBogus's picture

Well for those eating to get energy for a food garden, doing planting without machines, you can remove oil / gas prices. However I mentioned in another comment that land taxes do go up & land is where food is grown.

Wed, 03/26/2014 - 13:49 | 4594515 jabhagsb
jabhagsb's picture

Plant seeds and the food price doesn't rise

Thu, 03/27/2014 - 20:19 | 4600916 MeelionDollerBogus
MeelionDollerBogus's picture

Plant where? You pay tax on land, don't you? Gardens go in the dirt, right?
So if land taxes go up what is your cost of food inflation from the garden?

Wed, 03/26/2014 - 14:58 | 4594523 syntaxterror
syntaxterror's picture

Government Inflation Formula:

I = N*c + 0*N*f + 0*N*h + 0*N*e + 0*N*hc + 0*N*ed = N*c

I = inflation
N = the % increase in price
c = consumer goods
f = food
h = housing
e = energy
hc = health care
ed = education

In other words, ignore all of the rising prices around you because the government sure does.

Wed, 03/26/2014 - 13:56 | 4594557 muleskinner
muleskinner's picture

Bacon is 7.38 usd.  Milk is 2.97 usd per half gallon.

Ground beef is 4.99 per pound.

Butter is 5 dollars per pound.

Food inflation is closer to 40 to 50 percent.

Great big fat people need to go on diets, so they can pay more to get half of what they eat because they eat 100 percent more than they need to eat.

A war on fat is a good idea.  Some women need a few yards of cloth to cover their big fat asses.

They make Little Lotta look like a bulimic.  

Michelle Obama could slim down to a trim 224 lbs and not miss a meal.

Gas at 10 bucks a gallon and food at double it is now will be the austerity measures that need to be enacted.

 

Wed, 03/26/2014 - 17:03 | 4595629 kurt
kurt's picture

Here, let me dip this in some whipped butter, now suck it clean, that's it. Now swallow. Still hungry? Here's a chaser, warm isn't it. Ooh you spilled some. You're going to have to lick that up! 

Thu, 03/27/2014 - 20:19 | 4600919 MeelionDollerBogus
MeelionDollerBogus's picture

My local price: 3.97 $cdn equal to 4.367 USD today for 4L in 3 bags.
4 liters = 1.05668821 US gallons so says the Google wizard behind its cloud-server curtain.
Puts me at 2.066 per half-gallon. I wonder what's making the difference, the added antibiotics you get in your cows & growth hormones that also go into your American milk?

Wed, 03/26/2014 - 14:21 | 4594687 kenezen
kenezen's picture

Since 2008 food has gone up exponetially compared to other items!! AND That's why it's not included in "Core"!

Wed, 03/26/2014 - 14:33 | 4594760 Emergency Ward
Emergency Ward's picture

Bought a nice Weber grill a coupla years ago and now I can't afford the fucking rib-eyes.

Wed, 03/26/2014 - 14:34 | 4594769 redbird
redbird's picture

Hay Trillion_Dollar:

I use the Barbasol shaving cream as a benchmark too.  While you correctly noted the price move up to $1.67 a can, you may have missed the other variable which is the can size.  Its been on a diet.  Move from 12Oz, to 11Oz and now at 10 during this same time.   Guess where it's going next ?

Wed, 03/26/2014 - 15:48 | 4595207 TalkToLind
TalkToLind's picture

It will soon be the size of a Binaca can.  Can Janet get a full shave from that?

Wed, 03/26/2014 - 17:23 | 4595712 Grouchy Marx
Grouchy Marx's picture

Lousy substitute for whipped cream, I bet.

Thu, 03/27/2014 - 20:20 | 4600923 MeelionDollerBogus
MeelionDollerBogus's picture

I found that no shaving gel/cream is as comfortable or smooth as a smear of aloe skin lotion with a dab of water. Never had a more comfortable shave.

Wed, 03/26/2014 - 14:44 | 4594831 Itchy and Scratchy
Itchy and Scratchy's picture

My Starbucks Double Latte is still only $9!

Wed, 03/26/2014 - 14:45 | 4594843 NoWayJose
NoWayJose's picture

I don't recall any food price drop in mid-December...

Wed, 03/26/2014 - 15:31 | 4595111 BeansMcGreens
BeansMcGreens's picture

That was when the weather was really cold and snowy. So alot of folks that couldn't get out just ate their children.

Wed, 03/26/2014 - 19:16 | 4596260 lotsoffun
lotsoffun's picture

that was known as a 'modest proposal' for those with the wit.  at another time and another place, but a closely related former empire.

zh hedge guys - send me some elitist intellectual support, please.  those that get it +, those that usually watch cnbc and kramer -

 

 

Wed, 03/26/2014 - 14:57 | 4594916 Canoe in the Desert
Canoe in the Desert's picture

Bacon is the new Gold....

Got mine.....

Wed, 03/26/2014 - 15:44 | 4595185 BeerMe
BeerMe's picture

I've been noticing it for awhile but just this last time going was surprising.  Bacon was 25-50% more.  Usually what I see though is less for the same price.

Anymore I will just start doing more and more.  Probably will have to start doing a lot more from scratch.  It is better anyway.

P.S.  Good thing food isn't in the Fed/Gov inflation equation.

Wed, 03/26/2014 - 15:48 | 4595208 foodstampbarry
foodstampbarry's picture

Ministry of truth says eat your ipad, you won't notice.

Wed, 03/26/2014 - 15:58 | 4595275 dobermangang
dobermangang's picture

The food prices are going higher and the portions are getting smaller.

Thu, 03/27/2014 - 20:21 | 4600927 MeelionDollerBogus
MeelionDollerBogus's picture

Have been for 5 years or more, no change in trend that I can see.

Wed, 03/26/2014 - 16:30 | 4595490 Chuck Knoblauch
Chuck Knoblauch's picture

The new bubble is FOOD.

Wed, 03/26/2014 - 16:50 | 4595569 yogibear
yogibear's picture

When Georgia Pacific introduces new toilet paper packaging and 25% (noticeably  more narrow)  less you know there is inflation. Smaller easy to carry box. 

Soon you'll be wiping your butt with recycled paper (without it being processed) like in the old Soviet Union.

Basic necessities are going to get real expensive with all of the fed's massive printing. You ain't seen nothing yet in terms of inflation. The government will continue to under-report and cover it up. It's in their best interest. 

Wed, 03/26/2014 - 19:27 | 4596319 Emergency Ward
Emergency Ward's picture

With TP rolls they can just make the hole bigger.  Still looks the same from the outside.  (Check out a roll of Mexican TP.)

Wed, 03/26/2014 - 16:51 | 4595577 dobermangang
dobermangang's picture

Don't eat rats, bats or monkeys.  You might get ebola.

http://www.bloomberg.com/news/2014-03-26/guinea-bans-eating-of-bats-to-l...

Wed, 03/26/2014 - 19:12 | 4596253 lotsoffun
lotsoffun's picture

that's not fair to eating monkeys.  monkeys are fine - its' the rats and bats that carry it.  if the monkeys don't get bitten by the rats and bats - they are great tasting!!  especially smoked.

 

Thu, 03/27/2014 - 20:22 | 4600929 MeelionDollerBogus
MeelionDollerBogus's picture

Actually it's simians that are the source of SIV that mutates into HIV that causes AIDS. Don't eat primates.

Thu, 03/27/2014 - 20:23 | 4600931 MeelionDollerBogus
MeelionDollerBogus's picture

What if I have farm-raised rats? LOL - I'll call them "organic"

Wed, 03/26/2014 - 17:34 | 4595770 world_debt_slave
world_debt_slave's picture

yep, my fav. frozen burritos went from 3.89 to 4.19 a package. Nah, no inflation here.

Wed, 03/26/2014 - 17:38 | 4595795 BeetleBailey
BeetleBailey's picture

Makes the words "low inflation" utttered by the Fed and NEVER fucking challenged by ANY butt-fucking Senator or CON-grossman fucking criminal.

 

When Yellen recited that fucked UP phrase "inflation remains low" and NO senator even remotely challenged her on it, I was throwing things at my Tee Vee.

 

YOU HEAR ME...CORKER...YOU FUCK...AND THE REST OF YOU SENATE WANKING BANK COMMITTEE FUCKING SPINELESS PUPPETS - YOU BOUGHT AND PAID FOR FUCKERS.

 

FUCK YOU!

Wed, 03/26/2014 - 18:13 | 4595954 yogibear
yogibear's picture

 These sociopaths have only 2 concern, power and money.

I always mispronounce Corker's name.

Have a tendency to call him Cock-er. 

Thu, 03/27/2014 - 20:24 | 4600933 MeelionDollerBogus
MeelionDollerBogus's picture

Agreed but I suggest being rid of the TV. Years I've gone without one. I moved into a place with one included & returned the satellite receiver to the landlord because I never use it.
The TV itself is very large so I haven't found time to get it moved but it sits there, off, and has since I've moved in except once I turned it on to watch How It's Made, which is fine.

Wed, 03/26/2014 - 18:27 | 4596029 JayKitsap
JayKitsap's picture

Have they reduced the Corn for fuel requirements yet, that might help.

Actually this all part of Michelle's Fasting program to fight obesity - eat 20% less food.

 

Wed, 03/26/2014 - 18:28 | 4596032 machineh
machineh's picture

Components of the CRB BLS Foodstuffs index:

Butter, Cocoa, Corn, Hogs, Lard, Soybean Oil, Steers, Sugar, Minneapolis Wheat, Kansas City Wheat

http://www.crbtrader.com/crbindex/spot_calc.asp

These ten raw materials prices bear little resemblance to the CPI's much broader food category, which is up 1.4% in 12 months.

http://www.bls.gov/news.release/cpi.t01.htm

Moreover, the 19% figure is quite obviously cherry-picked from a recent extreme low on the chart.

Sorry, but this is a sensationalist junk post. 

 

Wed, 03/26/2014 - 18:45 | 4596107 Ms No
Ms No's picture

Three friends and I went on a wheat free diet... completely free.  Within 2 weeks we all started losing a pound a day.  In our mid 30's we all returned to mid 20's figures.  Keep in mind we continued to eat bacon, meat, all vegetables, eggs whatever.  Its incredible, that shit is toxic.  What your losing is inflammation.  Now that I am wheat free food is crazy expensive but my appatite is a lot less also. 

When a fat first lady falls in the woods do the trees still laugh? 

Wed, 03/26/2014 - 19:01 | 4596188 stopthejunk1
stopthejunk1's picture

You might have other problems.  I've eaten wheat my whole life, and have had a BMI of 20 since high school.

Sounds like bad genes to me.  There isn't anything wrong with wheat.  We've been eating it for ten thousand years.  It's modern overeating, sitting on the couch, and sleeping too much that makes people fat.  The obesity epidemic is very recent -- as in two decades.  Compared to ten millenia for the cultivation and consumption of wheat the world over.

Wed, 03/26/2014 - 19:12 | 4596211 Ms No
Ms No's picture

That's not true.  Losing a pound a week after going wheat free is common.  It's not the same wheat your grandparents ate.  Remember wheat used to be 4 feet tall?  Even then people have been eating meat, fish and wild vegetables ever since.  Grains are what is new and so is cancer and a whole lot of other problems. 

http://www.sott.net/article/191590-New-England-Journal-of-Medicine-Gluten-Can-Cause-55-Diseases

 

Wed, 03/26/2014 - 19:29 | 4596311 kareninca
kareninca's picture

You're both wrong, I just found out to my horror.

I noticed about three years ago that the only wheat that I could digest was organic wheat.  This seemed really strange to me, but it wasn't my imagination.  I assumed, after some consideration, htat it was because modern wheat has been bred and bred and bred into wierd indigestible hybrids.  And that organic farmers must be growing the "old breeds," that I could digest.

Well, it turns out that 95+ percent of American wheat, is sprayed 3-5 days before harvest with glyphosate (aka Roundup).  Not to kill weeds, but to dry it out for convenient harvesting.  Monsanto claims that this spray just dissapates and goes away, in that 3-5 days, which is obviously a lie.  Now, it turns out that glyphosate is very likely the cause of the recent surge in gluten intolerance:

http://www.motherearthnews.com/real-food/gluten-intolerance-from-roundup...

People think that the wheat is the problem.  But it is the chemicals on the wheat.

They are also spraying this shit on rice and sugarcane and other crops, just before harvesting, in order to dry it out.

We are so fucked.

Wed, 03/26/2014 - 22:22 | 4597020 Ms No
Ms No's picture

I came accross that too and I think it may be true.  That and so much of the grain is so over processed.  I can't eat any of it now without severe reactions.  It seems once you go completely off of it you can't easily go back.  Apparently the body stores excess fat for a place to keep toxins away from vitals.  So one has to wonder if these huge wonder bread eaters are fat toxic or just fat.  Either way bread may be cheap but it hardly seems like food anymore.

Thu, 03/27/2014 - 00:19 | 4597353 kareninca
kareninca's picture

I feel very sorry for the huge wonder bread eaters.  A lot of them lack information, lack money, lack psychic energy to eat stuff that won't make them feel awful.  It takes a certain amount of leisure and resources to be able to sit around and figure out why you feel like crap, and many people don't have that.

Since you're doing so well, I wouldn't dream of suggesting that you try organic bread (why risk it).  But you might suggest to others that they try that, before going gluten-free.  I will admit that I do wonder how you would react to organic wheat; whether it would be okay.

Thu, 03/27/2014 - 20:24 | 4600935 MeelionDollerBogus
MeelionDollerBogus's picture

Indeed. I ONCE ate a loaf of wonderbread. That shit's awful. Never again.

Thu, 03/27/2014 - 20:26 | 4600941 MeelionDollerBogus
MeelionDollerBogus's picture

Doubt it. That's what the liver is for, to metabolize toxins. A lot else will be excreted the way all waste is from the body. What still can't be is likely with your for life, like with heavy-metal poisoning.

Sun, 03/30/2014 - 16:00 | 4608295 MeelionDollerBogus
MeelionDollerBogus's picture

Good catch.

I'm not typically eating rice anymore nor sugar(cane).

Thankfully I also live where that spraying doesn't happen even for wheat not sold as "organic".

Sun, 03/30/2014 - 16:01 | 4608298 MeelionDollerBogus
MeelionDollerBogus's picture

Grains aren't new, the gene-splicing into some is new. Grains have been around as long as written human history with none of the health problems you speak of except those who were rich, fat and did little real work.

Wed, 03/26/2014 - 19:10 | 4596235 lotsoffun
lotsoffun's picture

bad genes is total bullshit.  total.  for people of european descent - i've lived 8 years in europe, and nobody is as obese and cellulite as we are here.  GMO is NOT allowed in europe.  go to europe.  see it.  eat it.  it is not the same.

 

Sun, 03/30/2014 - 16:02 | 4608299 MeelionDollerBogus
MeelionDollerBogus's picture

I agree though some wheat is GMO and I don't trust it. I don't eat that kind of wheat.

Sun, 03/30/2014 - 16:02 | 4608300 MeelionDollerBogus
MeelionDollerBogus's picture

Inflammation? Not by medical definitions... you don't gain pounds upon pounds by 'inflammation'.
No change for me up or down by eating wheat or not eating it and I am not ever bothered by it. I also don't over-eat, ever, or eat junk food, ever, and look 25 even though I'm 40.

Wed, 03/26/2014 - 18:52 | 4596149 Dingleberry
Dingleberry's picture

As long as there is no wage inflation, the fed doesn't give a fuck. 

Wed, 03/26/2014 - 19:57 | 4596443 Cornholiovanderbilt
Cornholiovanderbilt's picture

hasn't inflation been the us' most stable export for the past 100 years?

Wed, 03/26/2014 - 20:27 | 4596557 robertocarlos
robertocarlos's picture

It's possible I did not notice the extra 60 bucks. Nope, there is little inflation here except for beef. And American salads are oiff the menu again. So are tomatoes, only suitable for throwing, Onions are very expensive now but that is seasonal.

Wed, 03/26/2014 - 20:50 | 4596629 Freewheelin Franklin
Freewheelin Franklin's picture

And someone laughed at me a couple weeks ago because I came up with a similar figure of about 20% by using the price of a 20oz bottle of coke from the convenience store. 

 

Who's laughing now, bitchez?

 

(edit: it wasn't here, it was on anothjer blog)

Wed, 03/26/2014 - 21:31 | 4596823 FredFlintstone
FredFlintstone's picture

Food = lowest of the hierarchy of needs. We spend less that 15% of our income on food today versus maybe 30 to 40% in recent history. What is all the fuss?

Sun, 03/30/2014 - 16:03 | 4608301 MeelionDollerBogus
MeelionDollerBogus's picture

Really? I spend a lot more than 15% of my income on food. Then again I buy a lot more food than I eat immediately because I store as much as I can that needs no refrigeration & can be toted around in boxes if needed.

Mon, 03/31/2014 - 06:24 | 4609884 francis_sawyer666
francis_sawyer666's picture

Well fred, ... let's see,

I always thought it was like 5% ameriKKKan's spend on food, and the rest of the world close to 50%.

Let's remember about 'needs', we only need, food, shelter, medicine, and maybe a  little romance, and some music.

For most people the shelter is free, and romance/music is free, and medicine in most of the world is dirt-cheap. So most money is spent on FOOD.

In the west, USA, folks are RICH, but all their money goes to rent(mtg), taxes, insurance, medical,... leaving little to nothing for fake food, and lousy entertainment. Auto is a major rip-off, going foot or bicycle can save you a fortune. AMericans spend +35% on transportation which is mind boggling.

Medical is the biggest rip in the west, I can spend the day in a hospital for $10, and better yet I can just go to a pharmacy and get anything I need for $3 or less and its a done deal, no fucking prescription.

In summary comparing the USA world to the real world is complete bullshit, a non-compare.

That's why its so fucking important for a guy to BAIL the USA, once you bail, then you find out  you can live like a king just about anywhere on earth for $300/month.

Fuck most of the world only makes a few bucks a day, so your $300/month is like $10/day, which is 3X better living than the other guy, who is living just  fine.

*

In the real world food is expensive because its labor intensive to produce, or fuel intensive if you use machines, which are super expensive to maintain and operate, but most people grow more than they can eat, and most  cultures the old women sell the excess the morning market.

 

Thu, 03/27/2014 - 08:35 | 4597936 freakscene
freakscene's picture

Day trading is fun and profitable, but this is where the real money will be. Buy a farm bitchez! Dependency on others for your food is not the place to be in the future.

 

Sun, 03/30/2014 - 16:03 | 4608304 MeelionDollerBogus
MeelionDollerBogus's picture

for canned food year over year I'm way up in fiat-% value vs gold or silver.
And... I prefer not to eat my gold.

Thu, 03/27/2014 - 13:59 | 4599393 snblitz
snblitz's picture

Just an FYI:

"GMO wheat is not approved for sale or commercial production in North America."

Just sayin'

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