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What Food Inflation?
Oh, this food inflation.
Incidentally, the last time food prices spiked by this much in one month, the resulting Arab Spring wave of revolutions tumbled governments across north Africa and the middle east.
Keep a close eye on those who are not exactly participating in the global central bank cartel's "wealth transfer effect" , and suddenly find they can't afford food again.
Source: BLS
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Rabbit is great! You can raise it in pens in your backyard, and no one will know about it (if you have a nice fence). They make little noise, are easy to clean and dress, and cost 1/5 in feed as much as chickens for same amount of meat.
Plus, they are delicious.
Kill the Rabbit. Kill the Rabbit...
Craig
Long ago during house hunt, a realtor took me to a mcmansion where, unusually, the entire family was present, along with a couple of dogs roaming about, and a pet rabbit in a hutch in the living room. There was a young girl feeding the rabbit, and in the course of small talk asked her what she called it. She gave me a flat stare and said, "we don't name them". Like, duh. And that's when I realized what they had, or were having, for dinner. #aheadofthecurve #smellslikecurry #honestpeteater
That's right! Eat more rabbit.
Oh and oil is currently $102.60 bbl... That makes the drive to the local market without a/c to conserve fuel "muy especial".
Fuhgeddaboud food. Who needs it when there is SOYLENT!
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/03/14/rob-rhinehart...
Just the thing for a two tiered food system, to go with the two tiered legal system, two tiered educatiional system, two tiered medical system, two tiered housing system...
LET THEM EAT SOYLENT!
Two tiered is fine.
Separate but equal.
As always.
Craig
Who wants that processed crap when you can just yank your friendly neighborhood Jehovah's Witness off the front porch. Mormons are even better because they tend to go easy on the unhealthy additives.
Invest in a good bonesaw, cleaver and block.
I'd also recommend a good smoker in case they quit going door to door.
It's a pity those tender little Girlscouts only come around once a year.
They bring dessert with them.
best look into the current ingredients on that Mormon - their Fud-Factories are in-house, to be sure, but the GMO & HFCS is a mainstay now. . . also well known for the anti-depressants.
keeps 'em safe 'n' secure in the Fold.
Lol fuckin' eh, Soylent.
It's a meal replacement powder, big deal. Too bad the kid who invented it didn't do a smidgeon of due diligence. He's re-invented the wheel.
Now all the Oligarchs in our Corporatracy will feel that they are justified in raising their prices (and cutting wages of course). Their workers, after all, are not consumers. The consumers will keep buying plastic crap forever.
And so it will go, until there are no workers left, only unpaid workers (robots or slaves), officers and directors.
And we all know how well that worked out for Rome, don't we.
Craig
Everyone's going to get screwed. Some before others.
everybody is gonna get screwed
some just like it more than others...
Guys the same day that Russia is discussing de-dollarization, we have the annoucement of end of price fixing of Silver. Deutsche Bank is jumping off ship fast.... The other smell the coffee....
Fuck deli meat. Buy a turkey, cook it and use needed.
So... how much will (lowest cost, raw, with 15% broth injected - so you are now buying water for $1.50/lb +) Turkey be this Thanksgiving?
Thanksgiving, 2015?
Let's start a contest.
Last year at Costco it was about $1.19. My bet this year is $1.49. Next year, $2.49.
Craig
People paying 5.99 and up for a pound of deli. Cook the bird, thats all.
Actually this is all Bloomberg's plan to make you skinny.
A word of advice to the hungry. Get yerself a Wal-Mart credit card. Mine has a $1000 limit. Buy enough food to last a month, but only AFTER the 22nd of the month, because shopping, at that time, will be a breeze. No fat cow welfare mommas (my apologies to cows everywhere) crowding the aisles and food will be plentiful because the EBT cards have been used up.
And, keep an eye on the expiration dates on meats. If you're a few days early on some choice meats, wait a day or two and go back because the wise marketeers at WMT™ will either discount those tasty morsels or have to discard them. (They could, of course, be sneaky and change the expiration dates). If you find a surplus of meat on "special" buy as much as you can stuff into your freezer, because those sell by dates always say "eat or freeze by."
Use your Wal-Mart card at checkout. The clerks will be impressed by the fact that you have a credit score over 550 and can actually get a Wal-Mart card, which, of course, they cannot.
Then, pay that sucker off within the grace period - usually about 23 days - so you pay no interest. Like getting a discount and acting like a TBTF bank getting 0% loans. In this manner you are completely screwing with the system, cutting down Mal-Mart's profit margins and squeezing the bank behind the Wal-Mart CC. At least you can tell yourself that and believe it.
I constantly tell people that today, individuals and families have to fight tooth and nail for every penny. That means cutting off needless appliances, lights, etc. to save on the energy bill, calling the cable company or internet provider at least annually to bitch about their higher prices (And, threatening to quit is a great tactic, especially using the magic words, "Direct TV.") and taking every discount or savings opportunity one can find. Paying retail is a complete bitch because sometimes we have to, but use that brain and you'll be miles ahead of your worthless-eater neighbors (like mine) who have two cars (complete with two car payments), credit card debt, a mortgage AND a home equity loan (yes, only in America), have to got out to eat every Friday night (it's great, like a mini-vacation for me) and take two trips to Vegas every year, where they think losing $2000-3000 is worth it.
Oh, yeah, don't forget to keep up your garden. Mine take up about 3/4ths of my backyard.
Best advice I've read on Z-hedge in weeks!
Thanks.
Craig
I can agree with all except the meaty advice. Three problems with Walmart 'meat': plumping, brine-injection, and transglutaminase glueing. I'm something of an obligate carnivore, but I have to say, no thanks!
Not to mention those 'tenderizing' machines maintained and operated by slave wagees; yikes.
I'm a East Coast deli guy living in a land of no real delicatessens. I used to buy cash from a family owned restaurant supplier 12-15 lbs. of pastrami and/or corned beef and with a commercial grade slicer, slice and vacuum pack it up in 1lb. packs and freeze it. I used to average about $3.99/ lb. These days it's about $4.99/lb.
Last week I saw sliced pastrami at the super at $10.99/lb.
These days I buy a 20+ lb. Packer brisket wholesale at about $2.50 lb. and brine half for corned beef and smoke the other for pastrami and end up with about 15 lbs. total. I render the fat and the dodgey bits of meat to add a bit to the dogs food. Happy, healthy dogs with nice shiny coats.
Buy spices online in 1lb. bags for the price of those silly 2 oz. supermarket shakers.
I'll admit it took some practice to learn how to bake the perfect bulkie and sub rolls but it was well worth the effort since the real deal is over an hours drive away.
I won't torture you by telling about racks of perfectly smoked baby back ribs for less than the cost of hamburger.
The garden takes care of the rest. Once you start cooking with fresh herbs, you'll wonder how you could use flavorless dried stuff. Notice how top end pro chefs always use fresh if available.
You got to get 'proactive' about your food and do some work or settle for what they throw at you at double and triple the cost of what you can do it for yourself.
Not to mention the literal joy of chomping into a sandwich 2" thick with pastrami, bread and coleslaw all made with your own hands anytime you want.
These guys know what to do with meat.
http://amazingribs.com/index.html
When I buy meat, I go to the market, point at a side of beef/lamb hanging on a meat hook, ask how much meat costs today, they give me a knife, I hack off the piece I want (long time customer benefit), it's weighed, and then they do whatever I want done to it... sliced, ground, whatever. Yesterday the price was about $4.50 a kilo for tenderloin beef.. oh, and it's halal.
But hey, you just keep going after those expiration dates on mystery meat at wallyworld and "scamming" the system by using a credit card that you pay off dutifully.
I'm going to be enjoying real food that still costs less than the garbage americans think is edible.
I'm glad the NWO is giving us time to prepare for martial law in the US.
Thanks for the heads-up guys!
And yet people literally piss away $16B in used Starbucks products annually. Pretty sure they could issue their own currency at this point. The Starfuks economy, based on the world's only Giffen good.
Well, we'll just have to raise that minimum wage to $20/hr.
Naw. We need to lower it. In fact, get rid of the minimum wage.
Wait! If a lower wage is better, then no wages at all would be Nirvana!
If only we could get those lazy, greedy American workers to pay us to work, eh!
Craig
Restore the purchasing power of the $USD, moron.
What food inflation? The four pound bag of sugar I bought yesterday cost me exactly the same price as the 5 lb bag I bought in January....and it was ON SALE!!!!
Kind of like sticker shock because I haven't been in a store for 6 months. I remembered many items being a lot cheaper. Even distilled water has gone up a penny.
Who needs food anyway? The inflation statisticians now substitute cheaper alternatives to keep inflation "lower" so since the price of wasted cardboard boxes has not gone up, they are expecting the average American to gnaw on pulp for his nourishment, and hence food inflation is 0%.
Porterhouse steaks available from supermarkets in Florida for $7.99 a pound.
Americans will continue to take the shaft until we start doing something about it.
WHY should the politicians stop raping us when Americans are too pussified to hold them accountable?
Until some patriots start shooting these scumbags in their heads, nothing will change.
When someone shoots a thieving politician in the head, and the jury knows he did it, but still renders a unanimous NOT GUILTY verdict, we get what we deserve.
In the good old days, these scumbags were executed over the price of TEA....today we take it up the ass with no lube and say nothing.
"In the good old days, these scumbags were executed over the price of TEA....today we take it up the ass with no lube and say nothing."
The scumbags in the Federal Reserve will keep pushing it until people go over the edge.
Lotsa stray dogs and cats are gonna go missing at these prices.
McDonalds already has hunter bums out grabbing the dogs.
Employing the unemployable while cleaning up the neighbourhood and feeding the masses (-ive)?
I'm lovin' it!
(TPP hasn't kicked in yet, right? So I can still legally use that string of words without tithe-ing to McMammon?)
No need to worry about food when you have cases of bullets.
Hard to chew that brass and the powder left a funny aftertaste.
Don't forget to wash you hands after your meal too; you don't want lead poisoning!
It doesn't matter. Food, like energy, is not included in the CPI-W used to determind Social Security annual bonuses.
The fed saw this coming...thereby they capitulated on the taper
Let's see what happens when the price of food doesn't keep pace with welfare checks.
Cops are going to start earning their pay across America.
You meant 'Food Prestidigiflation'
Good grief, you inflationistas are relentless in your delusions. These price increases aren't a result of inflation per se, where more food chases less ameriubermunny, this is obviously the direct consequence of food deflation. Really, as a general rule you people should just think of everything as deflating. Better yet, just keep repeating 'inflation' and 'deflation' over and over until the words lose all meaning, leaving your apparently over-stretched, tiny little minds in a ready state for receiving MY Ouroboros doublethoughtout circular reasoning.
Signed,
MISH-ish
A drop in quality of food is food inflation. If I want to eat the same quality food that I grew up with I have to pay significantly more, eg I can buy a jar of honey for less than €3 but if you compare it to real honey the contrast is stark, in fact the €3 honey is not honey at all and I doubt it has ever seen a bee, the real honey that I buy costs €8.50. There is a cost to eating crap food which will be bourne by the consumers through their health, that is what I consider to be inflation. Call it hedonic adjustment or whatever but the cost of my locally produced food is huge compared to the supermarket chicken nugget horsemeat partially gelatinated aspartame spiked with msg shite.
thank you for the anecdotes, I bee-lieve you.
... I was joking, outrageously I thought.
I was basically just going on a rant about honey.
Bee seeing you.
You two are always welcome in my house.
Worst year since the early 80's for Wheat here in kansas.
Picking up roadkill for dinner cuisine will have a whole new meaning in the US.
Eating bugs and insects could suddenly become fashionable.............
Food inflation is where the real problem is...inflation in other stuff hurts, but when it hits food, you have a real situation. People don't take to the streets because I-pads are unaffordable. But when they can't eat, that's when you start to see riots. It happens like that all over the world.
Food is what gets them into the streets for real. Food scarcity or unaffordability makes those riots get ugly and bloody very fast.
If they wanted inflation, they sure as hell didn't want it in food, unless they are just completely stupid. If food inflation is a real problem, I will bet TPTB will put some effort into relieving it, at least a bit. They won't do squat for you if you are being thrown out into the street, but they WILL make sure you don't starve to death while you're out there.
That's not out of the goodness of their hearts, of course. Even Hannity and Limbaugh would start handing out bags of UN rice if they had to in order to quell that kind of unrest.