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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Fri, 03/28/2014 - 23:28 | 4604803 MeelionDollerBogus
MeelionDollerBogus's picture

You're very welcome. Something I think no one's pondered out loud, no one at all who is American and worrying about silly carbon taxes, is the kind of warfare that may be used to stop the pollution.
The worst offenders are China & the USA and much of China's is on behalf of economic activity for the USA.
Recession in North America seems not to slow down pollution in China. Technology to contain such massive pollution isn't cheap but survival demands it. Yet for now they don't use it.
Many outcomes are possible:

 

  • those who are not industrial leaders in China may face a total revolution, armed and unarmed, from the populace
  • China may face threats of war, even nuclear war, from other nations who also have them, see extinction around the corner, and prefer it to be swift rather than a century in the making if those are the only choices
  • China & USA may blame each other for the problem and/or wage war on each other for this reason

and who the fuck knows what else could happen on the way to oblivion.

Wed, 03/26/2014 - 14:26 | 4594708 Tall Tom
Tall Tom's picture

I applaud your use of the Hegelian Dialectic. Your duplicity does not fail to impress me.

 

Personally I understand that some of this is enviromental and some is anthropogenic.

 

What I disagree with is the Politicized Agenda to use it as an excuse to involve Government (which has rarely ever done ANYTHING CONSTRUCTIVE) and assess taxation.

 

But the duplicity of your ilk has "...poisoned the well" FUCK YOU VERY MUCH. Politicizing Science and attempting to force compliance and control only leads to CHAOS.

Wed, 03/26/2014 - 14:31 | 4594734 Flakmeister
Flakmeister's picture

Go away asshat, you have zero credibility...

Besides, don't you have some work to do on your Cosmology "model"?

Wed, 03/26/2014 - 17:12 | 4595661 MEAN BUSINESS
MEAN BUSINESS's picture

Tell us a Tall one about the tax Tom. You know, the one they started suggesting 25 years ago. The one they just seem to impotent to ASSess. That's a lot of tax money not collected (25 x 6% x carbon used). WOW! AGW just a scam to tax and still nothing. Them UNrs sure are patient. 

And somehow they also failed to get their guy Al Gore into the WH to get that tax flowing. I thought they were the all-powerful PTB? WTF?

Judging by what we read about income/wealth inequality, it looks like TPTB made off with the carbon tax equivalent $ while the Turkeys argued and argued about AGW for twenty five years. TPTB milked that for all it's worth so now it's tax time? Time will tell.

Don't worry Tom, tax now is probably too little too late anyway. Tits on a bull. Do tell us the Tall Tale Tom.

Wed, 03/26/2014 - 22:47 | 4597111 Seer
Seer's picture

EVERYTHING  gets politicized!

As much as I hate this I can state that that doesn't mean that something is necessarily right or necessarily wrong from any one "side."

Sun, 03/30/2014 - 15:57 | 4608287 MeelionDollerBogus
MeelionDollerBogus's picture

There is no such use.

This is the analysis of logic: what you do assert as true or false shapes your dialogue, as facts are not how you are operating here, and what you assert to be truth or falsehood is also ambiguous in some of your comments.

We've tried to get straight answers out of you & you refuse to give them.

If you now refuse to answer simple yes/no questions it's not Hegelian, it's how you sniff out fraud and it means the fraud is you.

"What I disagree with is the Politicized Agenda to use it as an excuse to involve Government (which has rarely ever done ANYTHING CONSTRUCTIVE) and assess taxation."

Then you have no argument with Flak or with me because neither one of us is espousing a government action, merely making sure anti-scientific statements posing as science are corrected properly.

Wed, 03/26/2014 - 11:23 | 4593871 RaceToTheBottom
RaceToTheBottom's picture

Does junking someone affect the quality of their statement?  I was always wondering why people proudly state that they don't "junk"?  WTF cares?  Why should you?  Does being junked change facts?

I really want to know.  Is this site filled up with such a bunch of pussies that they worry about being "junked".  Fight club?  LOL

Wed, 03/26/2014 - 11:47 | 4593924 Dr. Engali
Dr. Engali's picture

It only matters in the sense that even though I disagree with his position, I still respect his beliefs. Frankly for myself, I don't give a damn if people junk me. Fight club doesn't mean we have to treat each other like dirt. We get enough of that from TPTB.

Wed, 03/26/2014 - 11:58 | 4594047 RaceToTheBottom
RaceToTheBottom's picture

understand.  I think that respecting each others view should not be tied to junking or not junking.  I thought that was an entry condition.  Everyones view should be respected (outside of trolls).

I have very rarely just replied complimenting someone that I agreed with their statement; most times I just up arrow or down arrow.  I do not view it as "junking" per say. I am not expecting any action from anyone based on my clicking an up arrow or down arrow. 

To not use arrows for fear of someone feeling teated "like dirt" seems like wasting a tool.

Wed, 03/26/2014 - 12:06 | 4594081 Flakmeister
Flakmeister's picture

The good Dr. is very aware that many people here down vote me purely on principle...

Personally, I only throw greenies at truly funny comments or well thought out posts that I may or may not completely agree with...

Wed, 03/26/2014 - 14:53 | 4594887 LFMayor
LFMayor's picture

Principle?  And here i thought it was because you're a pompous horses ass, on your monthly fucking "climate change" bender once again.

Wed, 03/26/2014 - 15:23 | 4595051 Flakmeister
Flakmeister's picture

It beats the fuck about arguing with naive idiots about the intellectual bankruptcy of libertarian thought...

No one discusses the markets anymore...

People here are oblivious to a remarkable scientific observation announced last week, that if verified represents an incredible intellectual achievement...

Arguing about the how the petro-dollar game really ends is futile when most people here think the FED is actually printing cash...

The Jew-haters and bigots have been quiet of late....

Peak Oil is now mainstream here, thanks in no small part to my efforts...

So an article about rising food prices in light of AGW fueled droughts is pretty much all there is...

And it ain't my fault that people here are in the denial about the science and implications of AGW...

So if you don't like what I write, ignore it, no one is forcing you to read it...

Wed, 03/26/2014 - 21:00 | 4596684 MEAN BUSINESS
MEAN BUSINESS's picture

2 C of ECS warming by 2036  announced in Scientific American?

robertscribbler explains.

Wed, 03/26/2014 - 23:27 | 4597216 Flakmeister
Flakmeister's picture

Observation of B-mode polarization in the cosmic microwave background radiation...

Or in other words, strong evidence for Cosmic Inflation through observation of the effect of primordial graviational waves...

If verified it will be a Nobel Prize in Physics.... 

Thu, 03/27/2014 - 00:45 | 4597418 MEAN BUSINESS
MEAN BUSINESS's picture

that was my second guess

Thu, 03/27/2014 - 00:54 | 4597440 MEAN BUSINESS
MEAN BUSINESS's picture

Do you know what's up with that (pun intended) instrument that went up to the ISS on the 2nd or 3rd last shuttle that was a very expensive unit built to do some sort of physics work (dark matter or energy or ?) 

Thu, 03/27/2014 - 01:38 | 4597503 Flakmeister
Flakmeister's picture

Nope... 

Maybe you are you thinking of the AMS experiment? 

It;s goal was a search of anti-matter in cosmic rays...

Lookinf ahead, my fingers are crossed that the James Webb Telescope doesn't get derailed....

Thu, 03/27/2014 - 02:00 | 4597530 MEAN BUSINESS
MEAN BUSINESS's picture

yes that's it. I remember the lead AMS guy talking about it the day of the launch. It was all way over my head but it struck me as super-science. I found myself quietly hoping it arrived safely and would discover great things. We watched the final three missions closely.

iiRC correctly not long after the last shuttle mission, a rocket that was heading up to deploy an aerosols lab failed : (

Hope the James Webb fares well.

thanks Flak : )

Wed, 03/26/2014 - 14:30 | 4594725 Tall Tom
Tall Tom's picture

Engali...If you respect his tactics on presenting a Hegelian Dialectic argument (Either...Or...which leads to a predetermined conclusion) then that is your choice.

 

Personally I have no respect for duplicity.

Wed, 03/26/2014 - 14:34 | 4594768 Flakmeister
Flakmeister's picture

Re: Duplicity, nor do I, that I why I call out the Global Warming bullshitters who proffer doctored graphs intended to mislead the unaware...

-----

BTW, tell us again about that cosmic Red Shift thingie...

\facepalm....

Fri, 03/28/2014 - 19:44 | 4604291 MeelionDollerBogus
MeelionDollerBogus's picture

And yet no such duplicity has been presented by Flak.

Fri, 03/28/2014 - 19:45 | 4604294 MeelionDollerBogus
MeelionDollerBogus's picture

What beliefs? Flak hasn't expressed a belief, merely evidence.
Belief has no place in rational discussion.

Wed, 03/26/2014 - 22:52 | 4597127 Seer
Seer's picture

" Is this site filled up with such a bunch of pussies that they worry about being "junked".  Fight club?"

The "pussies" are those that junk and do NOT provide a counter-argument.  That is, they're throwing bricks from afar and are NOT actually engaging in "Fight Club."

I personally beleive that most empty-jumkers are Party Pussies, folks that are programmed and incapable of thinking for themselves...  When someone bothers to write something up (and not just doing a bunch of copy-pasting) I can respect that they're putting some effort at thinking (whether I agree or not).  And when people start name-calling or dragging in tired old political pinatas I see it as childish BS.

Wed, 03/26/2014 - 23:28 | 4597218 Flakmeister
Flakmeister's picture

Very well said...

Wed, 03/26/2014 - 17:10 | 4595656 FredFlintstone
FredFlintstone's picture

"Agree to disagree"? That is not possible when dealing with fanatics :)

Fri, 03/28/2014 - 19:46 | 4604297 MeelionDollerBogus
MeelionDollerBogus's picture

Funny how you're referring to the one person who sticks to facts only as the fanatic.

Wed, 03/26/2014 - 11:12 | 4593806 Deathrips
Deathrips's picture

You call man made weather fucking....global warming?

Pollutions bad, HAARPs bad, government mandated tax pools are bad and people thinking co2 comming out of their mouth is bad?

 

I laugh cause its easier.....

 

 

RIPS

Wed, 03/26/2014 - 11:18 | 4593843 Flakmeister
Flakmeister's picture

Go away troll...

The adults are trying to have a discussion...

Wed, 03/26/2014 - 12:58 | 4594310 Bay of Pigs
Bay of Pigs's picture

hey Pot, meet Kettle...

Wed, 03/26/2014 - 13:08 | 4594351 Flakmeister
Flakmeister's picture

It ain;t trolling when you have the science and the facts on your side...

Deal with it....

Wed, 03/26/2014 - 19:36 | 4596355 Tall Tom
Tall Tom's picture

But you do not have the facts and science on your side because you skew the facts to make the cause anthropogeic when it is not all due to human activity.

 

Much of the Climate Change has other causal factors. The Sun is a variable star. Solar Radiation is cyclical and not a constant.

 

Furthermore while Atmospheric CO2 acts as a reflector of Solar Radiation, trapping that within our atmosphere, the affect happens two fold. Solar Radiation is also reflected back into Space by the same CO2. Thus there is a Net Zero Sum result. (Venus' atmospheric Heat comes from Vulcanism and is trapped by the CO2 atmosphere. It is not Solar in origin as Venus' albedo is rather high. Our World shares a high albedo as a characteristic.)

 

I am so fatigued by your duplicity as you promote a statist taxation agenda.

 

Correlation between Rising Temperatures and rising CO2 levels are not indicative of causation because of the Net Zero Sum.

 

While I will agree that the Physical Evidence of Short Term increasing Global Temperatures exist (there is no denial of that) I will debate the causality.

 

So you can repeat your "algorean mantra" and it will be rejected because the Science Model is faulty as it only considers radiation being reflected back into Space but does not consider that Solar Radiation, because of the same CO2, never makes it to the surface of the Globe in the first place..

Thu, 03/27/2014 - 00:34 | 4597227 Flakmeister
Flakmeister's picture

. dup

Thu, 03/27/2014 - 01:39 | 4597256 Flakmeister
Flakmeister's picture

Sorry...

As a rule I don't "engage" people that are incoherent at worst, or scientific poseurs at best....

----

BTW, C02 is transparent to the incoming shorter wave visible light, however, the long wave IR radiated at the earth's surface is not transparent, but is absorbed by the C02 (and H20) and re-emitted isotropically....

If you really knew what you were talking about, you would already know that....

Fri, 03/28/2014 - 19:49 | 4604304 MeelionDollerBogus
MeelionDollerBogus's picture

Skewed nothing. Flak provides facts 100% and 0% opinion, skew or bias.

"Correlation between Rising Temperatures and rising CO2 levels are not indicative of causation because of the Net Zero Sum."

There is no such "zero net sum". There's an influx of solar radiation which is transparent to CO2 & methane, & normally a higher amount of infrared (sourced from the Earth's surface) that is bled out to space, not absorbed by CO2 & methane.

Do you deny this?

Where CO2 & methane have not diffused so heavily into the atmosphere this cooling is still happening and we can see this using infrared images from satellites.

Do you deny this?

These are facts, not opinions. I am incapabale of forming or using belief or faith of any sort.

Fri, 03/28/2014 - 23:20 | 4604249 MeelionDollerBogus
MeelionDollerBogus's picture

The earth, she's a flat!

No, the earth, she's a round!

"She's a flat anda round, like a pizza pie!"

Wed, 03/26/2014 - 10:45 | 4593654 madtechnician
Fri, 03/28/2014 - 19:24 | 4604237 MeelionDollerBogus
MeelionDollerBogus's picture

isn't that what bitcoins are made from?

Wed, 03/26/2014 - 10:47 | 4593659 yogibear
yogibear's picture

The new toilet paper rolls are now 3/4 the size in width.  About a 25% price hike. Companies are raising prices by decreasing size.

The government must keep the sheeple thinking there is no inflation.

Wait until the US dollar gets really hammered, when everyone wants out of it.  One huge ponzi scam.

In the mean time the war mongering neocons in Obama's cabinet theorize the US can win a nuclear war against Russia. Insane people in Obama's cabinet. 

 

 

 

 

Wed, 03/26/2014 - 10:57 | 4593724 headhunt
headhunt's picture

"In the mean time the war mongering neocons in Obama's cabinet..."

That is funny! Only communists and socialists in his cabinet and this is what communists do. Because of their Marxist teachings they destroy civilizations all because, on paper and what they have read guides their decision making. No basis in reality or understanding of the long or short term consequences.

Wed, 03/26/2014 - 18:24 | 4596009 Flakmeister
Flakmeister's picture

\facepalm...

This one ranks up there among the stupidest posts ever here....

Fri, 03/28/2014 - 19:50 | 4604305 MeelionDollerBogus
MeelionDollerBogus's picture

Not a commie nor socialist among them. Not a one.
A communist believes all must be forced to be equal: we see no such thing.
A socialist believes the people (not corporate overlords, not the government elite) should own, use & benefit from the means of production collectively rather than individually.
None of that either.
What you're looking at is the Fascist Bankster Empire. That is by definition 100% anti-communist, anti-socialist, anti-capitalist.
http://youtu.be/4Ml7-aDXrgQ
What is Fascism - John T Flynn - Von Mises - youtube

Wed, 03/26/2014 - 11:03 | 4593757 pupdog1
pupdog1's picture

Whew. I thought I had been drinking too much.

Wed, 03/26/2014 - 11:33 | 4593920 Zerozen
Zerozen's picture

Well you know what, it's about time. Those toilet paper rolls were way too wide. So wasteful.

All you really need is one smidge of paper, placed on the tip of the index finger...and circular motion.

Wed, 03/26/2014 - 15:12 | 4594988 nc551
nc551's picture

Just install a garbage disposal unit as your shower drain.  Man that cracks me up for some reason.

Wed, 03/26/2014 - 18:25 | 4596018 Flakmeister
Flakmeister's picture

Don;t forget your thimble....

Wed, 03/26/2014 - 23:00 | 4597148 Seer
Seer's picture

Party Pussy?

ALL empires end.  Obama is nothing but a chain in a long chain of events that take place in the life of an empire: and in this case it's the "end" part.

Here's a bit of history on 3,000 years worth of empires, note that NO ideology saves empires:

http://www.rexresearch.com/glubb/glubb-empire.pdf

I am constantly amazed at how economists and such can stress "fundamentals" so much yet  fail to acknowledge the one highly flawed fundamental of it all, the source of all our failures: (that we base everything on) perpetual growth on a finite planet; this IS THE PONZI OF ALL PONZIS!

 

Fri, 03/28/2014 - 19:51 | 4604308 MeelionDollerBogus
MeelionDollerBogus's picture

Any of you here ever thought of buying the machinery to make your own rolls of toilet paper?

Wed, 03/26/2014 - 10:49 | 4593670 BiPolarFrenchman
BiPolarFrenchman's picture

If you look at the figures going back, it's not that alarming of a chart.  

http://www.crbtrader.com/data.asp?page=chart&sym=BWY00&name=BLS%20Foodst...

Wed, 03/26/2014 - 10:59 | 4593731 MickV
MickV's picture

Yeah, well the resulting higher prices of inflation (increase in the money supply) is a delayed effect.

Wed, 03/26/2014 - 11:14 | 4593820 rosiescenario
rosiescenario's picture

I agree except the real effects of the CA drought have not fully impacted food prices yet. That will begin in 3 months. The press might even have an article or two on this, Obama permitting, of course.

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